Meta launched Muse Wonder and Muse Wonder Full, which the company calls its most capable AI models yet. Muse Wonder will soon power the Muse personal AI agent for subscribers, while Muse Wonder Full is available to Muse Code subscribers, Meta's AI coding tool. The launch is seen as a direct challenge to OpenAI and Anthropic, after Mark Zuckerberg pledged billions of dollars and hired top researchers over the past year. Meta stock rose about 4% in afternoon trading. Q2 revenue was $60.8 billion, up 28%, but Meta expects 2026 capital expenditures of $130 billion to $145 billion, and free cash flow was only $784 million last quarter. Susan Li also warned that youth-related trials scheduled this year could result in a material loss.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.8T |
| Close on 10/12/2026 | 742.96 |
| Change that session | +3.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Meta Platforms (META) Could Be 25% Undervalued After Muse AI Gains Traction
- Dow Jones Futures: Stock Market Holds Up As Meta, AMD Lead Buys; ASML, CPI Inflation Due
- Why the Market Dipped But Meta Platforms (META) Gained Today
- Cathie Wood sells Meta shares after Zuckerberg's big AI launch
- Sizing up Meta’s push into the crowded world of enterprise AI
- Zuckerberg Admits Meta Lacked AI Certainty on $200 Billion Bet
Get briefings and signals on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the morning, midday and evening briefing of each market and important news as it happens.