Meta Rises 3% as Its Month-Long Run Extends on Muse Buzz; Reddit Nudges Higher
Source: 24/7 Wall St. ·
Meta's AI agent Muse is driving a month-long stock rally that has investors questioning whether the company's heavy AI spending is finally paying off in ways that could reshape its business far beyond advertising.
From the source
Meta's AI agent Muse is driving a month-long stock rally that has investors questioning whether the company's heavy AI spending is finally paying off in ways that could reshape its business far beyond advertising. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Meta Platforms ( NASDAQ:META | META Price Prediction ) stock is extending a month-long advance Thursday as investor enthusiasm around its new Muse artificial intelligence agent continues to build. Shares of META stock are up 3% to $768.46, while Reddit ( NYSE:RDDT ) stock is edging 0.68% higher to $153.01. The gains come even as the broader market is little changed, with Global X Social Media ETF ( NASDAQ:SOCL ) unchanged at $43.83 and SPDR S&P 500 ETF Trust ( NYSE ARCA:SPY ) down 0.03% to $767.62. Meta’s recent momentum has increasingly centered on Muse, while Reddit is participating in a much more modest move across social-media…