Muse AI Sparks Tech Rally as Meta and Chipmakers Jump

Meta Platforms’ new consumer AI assistant Muse sparked a broad tech rally, with Meta up about 6.5% and the Nasdaq-100 up ~2%; CPU-driven chipmakers led gains (Arm +15%, Intel +13%, AMD +9%) as investors priced in a mainstream shift to agentic AI. The rally is underpinned by early Muse adoption metrics (SensorTower data via Wells Fargo: record daily downloads around 264,000 and 448,000 daily active users within 12 days), and expectations of Muse demos at Meta Connect alongside a possible Watermelon model. chatter about OpenAI pursuing a Muse-like consumer agent has fueled talk of an industry-wide AI arms race. Wells Fargo even raised Meta’s target on the back of upbeat product-cycle signals.