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Meta Platforms Inc.'s newly launched personal AI agent has shown initial success, boosting market optimism about chip demand and driving up global artificial intelligence (AI) stocks. Previously, the AI sector had been struggling amid calls to slow down AI development. This rally was triggered earlier this month when Meta's Muse AI agent quickly topped Apple's free app charts after its release. Meanwhile, lower oil prices further enhanced market risk appetite. This trend has provided a buffer for AI trades, which had been under pressure recently due to lofty valuations, following concerns expressed by leading tech figures about potential existential threats posed by advanced models. The early success of Muse provides fresh evidence of strong AI demand, helping to alleviate some market worries.
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