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Meta Market capitalization approaches 2000000000000 USD, as Muse drives the share price toward its best monthly performance in 13 years

BlockBeats reports that September 25,Meta Platforms(META) shares September have risen year to date 36%, on track for 2013's best monthly performance since July, with its market capitalization approaching 2000000000000 USD. The market rally has been driven primarily by a positive response following Meta's launch of its personal AI assistant, Muse. Investors believe that AI products may create new growth opportunities and ease earlier concerns about returns on the company's large-scale AI investment. Earlier this year,Meta shares came under pressure from heavy AI spending, legal risks facing its social media business, and weak revenue expectations, at one point falling 18%from the beginning of the year. However, as the company resolved some litigation pressures and launched AI products such as Muse,Meta shares have risen approximately August from their 43%。

Meta is expanding its AI product lineup, including devices for using Muse on the go and camera-free versions of its smart glasses. The company expects 2026 capital expenditures to approach 140000000000 USD,2027 and rise further to 2028 in 197000000000 USD and 215000000000 USD. The market remains focused on whether Meta can generate sufficient returns through its AI business. Analysts currently expect Meta revenue to grow 26%to 254000000000 USD, with net profit increasing 33%to 80600000000 USD.

Original link:https://m.theblockbeats.info/flash/368908