Muse sparks a CPU-led rally as Meta and chipmakers surge

Tech stocks jumped as Meta’s Muse consumer AI assistant boosted optimism for agentic AI, with META up about 11% and chipmakers like Arm (+15%), Intel (+13%), and AMD (+9%) rallying on the backdrop. Analysts cited Muse’s early traction—record U.S. downloads and growing daily users—as validation of a broader AI-enabled hardware cycle. Wells Fargo lifted Meta’s price target on the upbeat outlook ahead of Meta Connect, and investors expect Muse-related innovations (Muse Spark, potential Watermelon model) to sustain CPU demand and drive a wider hardware rally.