Meta gains 27% in September as Muse agent app takes off
Meta had its best month since November 2022, rising 27% in September, after its Muse personal AI agent app launched on Sept. 8 and passed ChatGPT in iOS downloads.
META $META JUST HAD ITS BEST MONTH SINCE NOVEMBER 2022, GAINING 27% IN SEPTEMBER Shares closed at $725.18 today, up from $572.34 at the end of August, per CNBC. It was the fifth-best month in Meta's history, and it beat every other megacap stock and the Nasdaq, which rose almost 2%. The run started when Meta launched its Muse personal AI agent app on Sept. 8, which passed ChatGPT in Apple iOS downloads. At Connect, Mark Zuckerberg called Muse a "centerpiece" of Meta's strategy and revealed the Muse Charm AI pendant. This week, Meta hired MongoDB $MDB CEO CJ Desai to lead its new Meta Enterprise Platform unit and launched Muse for Small Business. BofA analysts expect the enterprise AI market to top $1 trillion by 2028 and think Meta's consumer apps could give it an edge.