Meta Lifts Nasdaq to Record High as Muse Tops iOS With 730,000 Downloads
Updated
Updated · CNBC · Sep 21
Meta Lifts Nasdaq to Record High as Muse Tops iOS With 730,000 Downloads
3 articles · Updated · CNBC · Sep 21
Summary
Meta shares logged their best day in more than a year Monday, pushing the Nasdaq to a fresh record high after the company’s Muse AI launch gained rapid traction.
730,000 downloads in five days helped Muse overtake ChatGPT as the top free iOS app on Friday, reinforcing investor bets that Meta has pulled ahead in the latest AI race.
Meta stock is up more than 20% since details of the assistant were released, and heavy trading in the name also lifted the broader Magnificent Seven complex.
The Roundhill Magnificent Seven ETF reached a record for a second straight session, though the rally now faces a geopolitical backdrop as AI and Iran loom over U.N. meetings and Trump-Xi talks this week.