BUZZ - After last week's Muse-driven surge, Meta shares have pulled back.
路透社2026/09/28 12:41September 28 - ** Shares of Facebook parent company Meta Platforms (META.O) fell 2.7% in pre-market trading to $730.80, after hitting a more than one-year high last week
** Last week, data showed that its consumer-facing AI assistant Muse (link) surpassed ChatGPT to become the most popular free app on Apple’s App Store and Google Play Store in the United States and Canada, boosting META shares by about 13%
** Muse allows users to delegate tasks such as shopping, booking travel, and filling out forms to the AI assistant
** On Monday, the broader market (link) also declined; most major tech stocks including Alphabet GOOGL.O, Amazon AMZN.O, and Apple AAPL.O slipped slightly
** META shares are on track for their best monthly performance since July 2013; year-to-date, the stock is up more than 13.8%
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. Due to possible errors or lack of context in automated translations, Reuters does not guarantee the accuracy of the translated text. Automated translations are provided solely for the convenience of readers. Reuters assumes no responsibility for any damage or loss caused by use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CNY: How to resolve the dilemma between bulls and bears?
Rare in 25 years! The 10-year U.S. Treasury yield surpasses the S&P 500 earnings yield
The 10-year US Treasury yield has surpassed 5%, making bonds more attractive relative to stocks than at any point in the past 25 years. The earnings yield of stocks, as measured by the inverse of the S&P 500’s price-to-earnings ratio, is now lower than the 10-year US Treasury yield, resulting in a clear yield suppression effect on the stock market from bonds. According to the Shiller model, the S&P 500 may outperform bonds by only about 1% annually over the next decade. The 20-year paradigm of stocks outperforming bonds has officially come to an end.
Iron ore retreats, copper takes the lead: Australian mining stocks find a new growth story
Analysts state that the rapid growth in copper demand driven by power infrastructure and artificial intelligence (AI) provides a new rationale for investors to allocate to the mining sector. Australian mining stocks are expected to continue their upward trend.
Crypto prices
More
