Meta Platforms (NASDAQ:META) closed at $741.25 on [date], rising 11.43%. Wells Fargo increased its price target from $640 to $796 ahead of the upcoming Meta Connect annual event, highlighting strong investor interest in the company’s AI advancements. Trading volume reached 48.3 million shares, surpassing the three-month average of 18.8 million shares.
The S&P 500 gained 1.49% to close at 7,764, while the Nasdaq Composite rose 2.26% to 27,122. Competitors in the sector, including Alphabet (NASDAQ:GOOGL), which closed at $354.97, and Snap (NYSE:SNAP), which ended at $5.70, also showed positive movement.
Meta’s newly launched Muse AI personal agent tool has quickly become a leading choice in the iOS app store, outpacing competitors like ChatGPT in download numbers, according to reports.
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