Meta Stock Surges 11% on Muse AI Agent Downloads and Analyst Price-Target Hike
Meta Platforms $META rallied 11% in a single session as Wall Street lifted price targets following strong early adoption of the company's Muse AI shopping agent. Downloads of the assistant accelerated after Meta began integrating AI-powered purchasing capabilities across its messaging and social platforms.
The surge signals renewed investor appetite for mega-cap tech stocks pivoting to generative AI monetization, offsetting concerns about near-term margins from massive capital-expenditure commitments in data-center buildout.
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