On September 24th, Meta's freshly unveiled Muse AI agent sparked a surge in tech stocks this week. Following its demonstration at the Connect conference on Wednesday evening, market interest in Meta's AI strategy significantly heightened. The JPMorgan Chase analyst team revised Meta's target price upward from $820 to $920, primarily driven by their enthusiasm for the Muse agent. They believe it has the potential to emerge as 'the most widely adopted consumer AI application since ChatGPT.' Meta revealed on Wednesday evening that the Muse AI agent can now link up with 'connectors' from companies like Walmart, Best Buy, Sephora, and Wayfair, facilitating service interactions. However, Amazon has restricted access to its marketplace. JPMorgan Chase analysts suggested that Meta could potentially generate commercial revenue through sales-sharing or commission-based models in the future.
