Meta’s Muse AI Drives Record Stock Gains While Sparking Telecom Price War Fears
Meta Platforms shares surged 27% in September, marking its best monthly performance since 2022, driven by the success of its Muse AI agent. The app topped OpenAI’s ChatGPT in iOS downloads, prompting Wall Street optimism. However, the rise of AI agents has triggered concerns among wireless carriers that automated negotiations could erode pricing power, though analysts argue structural barriers limit this threat.