Meta has announced Petal, a new transatlantic subsea cable capable of transmitting data at 1 petabit per second between France and the U.S., expected to be operational by 2029. This cable doubles the capacity of current transoceanic systems without increasing power or infrastructure costs, supporting Meta's growing AI traffic and its 3.6 billion daily users. Petal represents a strategic investment in AI infrastructure, ensuring Meta can handle future compute demands efficiently. While the cable's impact won't appear in financial reports for years, it underpins Meta's long-term AI growth plans amid rising capital expenditures and strong revenue growth.
Meta Platforms Inc shares surged 11.96% to USD 744.81 as of Sep 22, 2026 02:22 WIB on Pluang, reflecting strong market interest possibly linked to its announcement of the Petal subsea AI cable. The company holds a substantial market cap of $1.70 trillion and an enterprise value of $1.72 trillion, indicating its dominant position in the media sector. Despite heavy sell orders at 81%, the stock’s 52-week high remains close at $778.49, showing resilience amid significant infrastructure investments.
Meta Platforms shares surged 12% to $747.91 following early success of its new Muse AI assistant, which topped Apple's US App Store with over 730,000 downloads shortly after launch. Wells Fargo raised Meta's price target to $796, citing strong moment...
Meta's new AI app, Muse, has surpassed ChatGPT in downloads and daily active users during the first twelve days after launch in the US and Canada. According to Appfigures, Muse achieved 1.8 million downloads on iOS compared to ChatGPT's 1.3 million i...
Meta's AI agent Muse, topping the App Store in 10 days, highlights growing demand for CPUs alongside GPUs in AI workloads. Nvidia's new Vera CPU targets this shift, integrating tightly with its AI platforms to capture more server CPU revenue. While I...
Meta's AI assistant Muse has been blocked by Amazon from making purchases on its platform, displaying an error citing violation of Amazon's Conditions of Use. This move highlights a competitive stance as Amazon has its own AI models and may be cautio...
Wells Fargo raised its price target for Meta Platforms from $640 to $796, maintaining an Overweight rating due to strong AI-driven product momentum, especially around the Meta Muse assistant. Meta's recent model releases and increased user engagement...
