Meta's new AI model family lifts shares for two days
Investors pushed Meta stock higher as the company's Muse models drew praise, though its CFO warned that the stakes are high if the bet fails.
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What happened
Meta shares rose for a second straight day after the company unveiled a new family of AI models called Muse. Guggenheim raised its Meta price target to $850, citing AI progress and Muse's potential while warning that monetization and heavy AI spending remain risks.
Why it matters
Meta is spending billions to revive its AI ambitions, and analysts say monetizing the models and funding heavy AI spending remain risks. The race with Anthropic and OpenAI is now seen as open again.
Timeline
- Oct 13, 2:53 PM ET: Meta shares rise for a second straight day as its new AI model family impresses investors
- Oct 14, 1:32 PM ET: Guggenheim raises its Meta price target to $850, citing AI progress and Muse's potential
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