Apple (NASDAQ:AAPL) Receives Buy Rating From JPMorgan Chase & Co.
JPMorgan said Muse could become Meta’s most used consumer AI app as early adoption and business connectors point to new revenue streams.
- On September 23, Meta Platforms unveiled its Muse AI agent at the Connect conference, reaching the top of U.S. app store charts with 2.8 million downloads in its first two weeks.
- Meta CEO Mark Zuckerberg positioned Muse as a personal assistant to bypass mobile platform restrictions by building proprietary hardware and software ecosystems where the company controls consumer relationships rather than relying on third-party apps.
- While Amazon blocked Muse from its marketplace citing privacy and security concerns, Meta secured partnerships with Walmart, Best Buy, and Expedia to integrate the AI agent into their platforms.
- Meta stock surged 30% in September as JPMorgan raised its price target to $920 from $820, while Wells Fargo increased its target to $796 from $640, reflecting analyst confidence in Muse's monetization potential.
- Investors await Meta's Q3 earnings report on October 28 for concrete Muse usage metrics, as the company faces pressure balancing autonomous agent capabilities with user privacy concerns and intensifying competition.
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Every day that passes, artificial intelligence knows more than the day before, something that the market had controlled, at least, until now. However, it is no longer just a question of a machine being able to write as if it were a human; now an AI agent already makes decisions and executes actions in name ... Continue reading "Meta launches Muse and Wall Street seeks the losers: the banks take the first punishment of the market"
BofA unpacks the threat Meta's Muse poses to banks
Banks make a lot of their money from depositors leaving their cash sitting idle, but those days could be coming to an end, Bank of America says. In a client note on Wednesday, BofA said agentic AI assistants like Meta’s Muse — which can perform tasks autonomously, including making purchases and dealing with account admin
The Economic Times
Times of IndiaUS Market: Meta shares rebound as Muse AI agent fuels revenue hopes
Meta shares have rebounded as investor optimism grows around Muse, its AI agent aimed at creating revenue beyond advertising. The company faces scrutiny over heavy AI spending, privacy concerns and competition, but Muses early downloads, retail partnerships and integration with smart glasses could help Meta monetize its vast user base.
Meta stock surge reflects investor excitement over AI agent that can book trips and send emails
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