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Meta’s Muse-fuelled rally: Stock jumps 36% in September as investors warm to its $140 billion AI bet

Meta’s Muse-fuelled rally: Stock jumps 36% in September as investors warm to its $140 billion AI bet

·Excerpt
Meta’s Muse-fuelled rally: Stock jumps 36% in September as investors warm to its $140 billion AI bet
Image: Meta Platforms Inc. is finally seeing the stock breakout that beleaguered bulls had been banking on.(REUTERS)

Meta Platforms Inc. is finally seeing the stock breakout that beleaguered bulls had been banking on.The Facebook parent’s shares had jumped 36% in September through Thursday’s close following the release of its Muse personal AI assistant, which has risen quickly to the top of app charts and muffled concerns that heavy spending on AI won’t pay off. The stock is on pace for its best month since July 2013 and within striking distance of joining an elite group of companies…

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