**Meta Platforms Inc. (NASDAQ: META)** shares rose 3.7% as of 3:17 p.m. ET on Thursday, September 3, 2026, following the release of its new AI model, **Muse Spark 1.3**. This model enhances coding capabilities and performs agentic tasks with less human intervention, positioning it competitively with top models from OpenAI and Anthropic.
Despite the positive reception, investors are keen to see how Meta transforms these advancements into consumer products that can justify its significant AI investments. The **S&P 500** and **Nasdaq Composite** also saw gains, rising 1.1% and 1.5%, respectively, amid a broader upswing in technology stocks.
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