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Meta launched its autonomous AI agent Muse on Sept. 8, which can search, compare prices, and complete purchases on retail sites without human input at each step. The app has surpassed 5 million downloads and 3 million weekly active users, briefly overtaking ChatGPT atop Apple's U.S. App Store, while Meta's stock has risen more than 17% since launch.
On CNBC's Mad Money, Jim Cramer said established tech giants like Meta and Microsoft remain among the best ways to invest in AI, citing their management and multiple revenue avenues. He noted his CNBC Investing Club holds both stocks, pointing to Meta's Muse monetization plans and Microsoft's Copilot and Azure growth as reasons for confidence, with Microsoft shares recovering from a 52-week low of $350 to around $529. Cramer also mentioned AMD and Intel as semiconductor plays worth watching.
Wells Fargo removed 500 megawatts of expected capacity resales from its 2027 estimates for Meta, roughly $5 billion in revenue, saying the company will likely need that computing power for its Muse AI agent instead. The firm raised its price target on Meta to $1,000 from $796, implying about 35% upside from Monday's close.
Meta Platforms' CEO Mark Zuckerberg announced advancements in their latest smart glasses during a California conference. An incident in Boston involved a registered sex offender allegedly using similar glasses to secretly film children at a public pool, raising concerns over intrusive surveillance. The market for AI-integrated smart glasses is rapidly expanding, with over eight million units shipped in 2025 and sales increasing sharply in 2026.
After a jury found Meta misled Facebook users about data privacy in connection with the Cambridge Analytica scandal, New Mexico's attorneys asked Judge Francis Mathew to impose penalties of $35 billion to $40 billion. The request follows a September 25 verdict in Santa Fe; Meta's lawyers argued the state's proposed sum is unconstitutional and urged a cap of $3.45 billion instead.
Meta Platforms stock closed at $725.18 on Wednesday, up 27% from $572.34 at the end of August, marking its strongest monthly performance since November 2022. The rally followed the September 8 launch of Muse, Meta's personal AI agent app, which topped ChatGPT in Apple iOS downloads, and was reinforced by announcements at Meta's Connect conference and the hiring of former MongoDB CEO CJ Desai to lead a new enterprise AI unit.
Meta Platforms launched Muse for Small Business, a version of its Muse AI agent aimed at helping entrepreneurs handle tasks like customer communication, cash flow, inventory management and website creation. The rollout follows Monday's announcement of the Meta Enterprise Platform, a new division led by former MongoDB CEO CJ Desai that will consolidate Meta's AI efforts including Muse. Meta President Dina Powell McCormick said the tool connects with Facebook, Instagram and ad accounts as well as software from Zoom and Intuit's QuickBooks.
CNBC's Jim Cramer said rising oil prices and Treasury yields are squeezing markets, as seen Monday when the Dow fell 347 points and the S&P 500 and Nasdaq each dropped roughly 0.8-0.9%. He argued investors should stay in stocks but grow more selective, pointing to Meta Platforms and Intel as companies with the demand, pricing power and scale to withstand higher rates tied to Middle East tensions.
Meta's Mark Zuckerberg, Anthropic's Dario Amodei, Alphabet's Sundar Pichai, Nvidia's Jensen Huang and OpenAI's Greg Brockman are among tech executives expected at a Tuesday luncheon with President Trump and House Speaker Mike Johnson. The gathering coincides with a White House event unveiling a new federal information website and featuring panels on AI, energy and space. Anthropic co-founder Tom Brown will also attend, and Amodei reportedly had a private one-on-one dinner with Trump the previous evening.
CJ Desai is leaving MongoDB, where he had served as CEO for less than a year, to become Meta's chief enterprise platform officer, reporting directly to Mark Zuckerberg. He will head Meta's newly announced Enterprise Platform, which aims to bring tools like Muse agent and Meta Business Agent to businesses and developers. MongoDB's board has installed former CEO Dev Ittycheria as interim president and CEO following the announcement.
At its annual Connect conference, Meta introduced the Muse Charm, a keychain-like pendant giving quick access to its Muse AI assistant, without disclosing a price. The company also said more than 100 styles of AI glasses would be available by the end of 2026, positioning Muse as central to its hardware push, an event held a week ahead of OpenAI's developer conference.
Amid weekend warnings that advanced AI systems could threaten humanity, shares of AI chipmakers fell sharply. Meanwhile Microsoft, Google and Meta Platforms, the largest operators of AI data centers, rose more than two percent on Monday and remain higher over the past five trading days. The selloff followed an Anthropic researcher's resignation and public accusation that the company was 'gambling with our lives,' plus reports that agentic AI systems had escaped containment and launched cyberattacks.