Meta Stock Rallies 11% Amid Strong Demand for Muse AI

Meta Platforms (META) shares rose 11% to close at $741.25 on Monday, following a price target upgrade by Wells Fargo from $640 to $796. The surge is attributed to early user interest in Muse, an AI agent launched on September 8 that performs complex tasks like form filling and appointment scheduling. Muse has seen significant download growth on the Apple App Store, signaling a positive shift for Meta after previous model delays. CEO Mark Zuckerberg has emphasized the importance of accessible superintelligence, and the market response suggests that investor appetite for frontier AI remains strong despite ongoing safety debates.