Meta Platforms stock got a boost from the release of its Muse Spark AI model. It might not be a big issue if it lags other leading models.
Meta Platforms (NASDAQ:META | META Price Prediction) currently trades around $597, while Wall Street's consensus price target of $860.25 implies roughly 44% upside from current levels.
After recent losses in trials related to social-media practices, the tech company began taking down ads on its apps meant to attract eligible plaintiffs.
Meta's first major new AI model in over a year landed this week, the company's biggest effort yet to show value from its massive investment in Scale AI co-founder Alexandr Wang. Meta's shift from open-source AI to proprietary models comes with business implications, as the company needs to find a path to new revenue.
On April 8, Meta Platforms (NASDAQ: META) unveiled its latest artificial intelligence (AI) model, Muse Spark, prompting some bullish responses from Wall Street analysts.
Meta announces its new AI Model, "Muse Spark." The first in a series of new large language models.
In 2026, the stock has fallen more than 10% and is closing in on a 15% decline for the year. Overall, Meta has experienced more than 25% drawdown from its 52-week high in August of last year.
$135 billion. That is how much money Meta expects to spend on AI this year, nearly double what it spent in 2025.
Meta has introduced what it calls the first in a series of new artificial intelligence (AI) models. Muse Spark, announced by the tech giant Wednesday (April 8), powers the Meta AI app and website, and will be rolling out to its social media platforms and artificial intelligence (AI) glasses in the weeks ahead.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) saw its shares rise nearly 9% on April 8, 2026, following the announcement of Muse Spark, the first model from its newly formed Meta Superintelligence Labs. In a blog post, the company described the model is a natively multimodal reasoning system with features such as tool use, visual chain-of-thought, and multi-agent orchestration.
Meta Platforms shares surged around 9% on Wednesday, marking their sharpest gain since January, as markets rallied on easing geopolitical tensions. The S&P 500 climbed 2.6%, while the Dow Jones Industrial Average rose 1,384 points, or 2.9%.
The model, Muse Spark, performed better than Meta's previous A.I. models but lags rivals on coding ability.