Meta’s AI model launch carried the day while the Nasdaq slipped 0.44%.
Movers with a reason#
- META ($742.96, +3.38%) | unveiled its Muse Wonder frontier AI models, which Meta says match OpenAI and Anthropic on benchmarks, plus strong Muse assistant retention data (Meta AI, Yahoo) | Hold (medium): AI momentum is real, but monetization runs through paid Muse subscriptions
- NET ($350.87, −2.79%) | no identifiable catalyst; gave back part of Friday’s 5.6% pop on a soft tech tape | Hold (medium): still near highs and richly valued ahead of earnings
Quiet: MSFT +1.1%, AMZN −1.1%, RDDT flat.
Earnings: MSFT and META Oct 28; AMZN, NET and RDDT Oct 29.