Meta's stock surged nearly 32% over the past month, driven by strong investor reception to its new personal AI agent, Muse, which became the top free app on Apple's App Store. Despite earlier pressures from high AI capital expenditures and an $18 billion settlement over teen safety concerns, the successful launch of Muse has shifted investor sentiment, with JPMorgan Chase raising its price target to $920 per share.
Axe note: Meta’s 30%+ rally on AI success shifts global tech sentiment, but South African investors should stay cautious.