- Meta shares jumped 13% last week as its Muse personal AI agent topped Apple's App Store rankings and new hardware integrated with Muse.
- Meta stock pulled back in premarket Monday, following a 30% September rally, as broader AI stocks declined.
- Meta shares fell 4.2% Monday on news that OpenAI will unveil a competing cloud-based AI assistant at its DevDay keynote.
- Meta announced its Enterprise Platform and hired Chirantan 'CJ' Desai from MongoDB, causing MongoDB shares to drop 18%.
- Analysts raised Meta price targets (Wells Fargo to $796) and Citi called Muse 'emerging as the centerpiece of Meta's AI product strategy.'
Quotes
“It is actually quite clear personal superintelligence will not only come first; it will be much bigger and more important.”
“emerging as the centerpiece of Meta's AI product strategy.”