Meta Platforms' stock rose 4% following Truist Securities raising its price target to $1,000, the highest on Wall Street, based on early adoption of its AI agent Muse. Snap and Reddit stocks also gained, with Snap up 4% and Reddit 2%, driven by their advertising revenue models. Truist's bullish outlook hinges on whether Muse can boost ad revenue by Q3 2026 earnings, expected October 21. Investors will watch Meta's AI spending and Snap's board decisions on funding its hardware unit for further cues.
Meta Platforms trades at USD 765.34 on Pluang, up 3.01% as of Oct 13, 2026 22:22 WIB, slightly below its 52-week high of USD 777.59. Snap shares are priced at USD 6.70 with a 2.37% gain, reflecting strong buying interest at 81% on Pluang. Reddit is at USD 160.45, up 0.35%, though all Pluang orders are currently sells, showing a cautious stance among investors.
The Asia-Pacific sustainable data center market is projected to grow from $16.74 billion in 2025 to $57.18 billion by 2031, at a CAGR of 22.7%. Growth is fueled by rising demand for AI, cloud computing, and hyperscale infrastructure, prompting invest...
Virtuix Holdings has become an official reseller of Meta products, expanding its collaboration with Meta following the successful launch of Omni One for Quest. Omni One orders have tripled compared to last year, driven by strong consumer demand and a...
Apple is set to unveil new smart-home devices at its "Welcome Home" event, marking a significant push into the smart-home market where it has lagged behind Amazon and Google. This move aims to strengthen Apple's ecosystem by making its hardware centr...
Meta Platforms' stock rose 3.38% following the launch of its new AI model, Muse Wonder, sparking positive investor sentiment and multiple Wall Street price target upgrades. Analysts from Bank of America, Wells Fargo, and Evercore ISI raised their pri...
Meta Platforms announced it will release its third quarter 2026 financial results after market close on October 21, 2026. The company will hold a conference call at 1:30 p.m. PT / 4:30 p.m. ET the same day to discuss the results, accessible via a liv...
