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      Meta Shares Surge Over 10% Amid Excitement for AI Assistant Muse

      Meta Platforms Inc. has seen its shares rise by more than 10%, trading near $734.00, driven by investor enthusiasm for its new AI assistant, Muse. The application has quickly ascended to the top of Apple's U.S. App Store, indicating strong consumer interest and potential revenue generation from Meta's significant investments in artificial intelligence.

      Muse is designed to perform various practical tasks, including retrieving information, completing forms, arranging appointments, and assisting with purchases. In addition to its free offerings, Meta is reportedly introducing paid subscription tiers, which could further enhance its monetization strategy for the AI platform.

      As investors prepare for the upcoming Meta Connect event on Wednesday, where the company is expected to unveil additional usage statistics and new AI capabilities, Wells Fargo has raised its price target for Meta shares to $796, maintaining an Overweight rating. The broader market conditions, including lower Treasury yields and oil prices, have also contributed to a rally in AI-related stocks, supporting Meta's stock performance.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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