Meta stock falls as OpenAI ’o’ agent threatens historic rally
Source: Investing.com ·
Investing.com -- Meta Platforms (NASDAQ:META) shares fell 4.2% to $720.36 on Monday, as OpenAI’s anticipated reveal of a competing always-on AI assistant adds a fresh layer of competitive pressure to a stock that had surged roughly 30% in September alone.
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Investing.com -- Meta Platforms (NASDAQ:META) shares fell 4.2% to $720.36 on Monday, as OpenAI's anticipated reveal of a competing always-on AI assistant adds a fresh layer of competitive pressure to a stock that had surged roughly 30% in September alone. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » The catalyst for Monday's decline is a September 27 report from BleepingComputer describing OpenAI's rumored "o" assistant as a cloud-based agent capable of executing long-horizon tasks—including handling email—even after a user closes the ChatGPT app. OpenAI is expected to formally unveil the product at its DevDay 2026 keynote on Tuesday, September 29. Meta is currently the most direct equity expression of that competitive threat. The stock's massive September rally was built almost entirely on the breakout success of Muse, its own personal AI agent, making OpenAI's…