How market dey see am now be say Meta (META) wan turn enterprise tech market upside down with im new Muse AI agent.
Evercore ISI Mark Mahaney talk inside a new note say, ‘Plenty things can and go change for future, but the key simple point be say Meta don get hit for hand with Muse.’
Meta shares blow up with 11.3% gain to close at $741.25 on Monday. E add $192 billion to company market cap and more than $13 billion to CEO Mark Zuckerberg net worth.
The stock still rise another 0.2% for pre-market trading on Tuesday.
Investor excitement reach fever pitch as Muse shoot to top spot on Apple App Store.
Muse reach 2.8 million downloads in im first 12 days, across US and Canada app store, according to Sensor Tower data.
Wetin pass that, Muse don beat early adoption of ChatGPT: 1.8 million downloads in first 12 days compared to 1.3 million for ChatGPT.
Muse also set new US daily download record of 264,000 on Sept. 19, im third straight day above 200,000.
‘Muse goal na to make AI accessible to way more people,’ Meta chief AI officer Alexandr Wang talk inside X post.
The most important factor wey dey drive Meta stock na the potential of Muse to unlock profits wey nobody see for Meta, Mahaney explain.
If Muse fit break into lucrative enterprise market during AI infrastructure boom, e go be huge.
Mahaney give the best explanation wey we don find for Wall Street on new juggernaut wey be Muse: ‘Market don hyper-focus on Enterprise AI market. Excessively focused, we believe. We get it. Enterprises dey pay for productivity. Consumers no dey. Or at least na wetin market assume. Anthropic don eschew Consumer AI market, by directly criticizing via Super Bowl TV ads one of the biggest Consumer monetization methods – advertising. (There deep irony inside that last sentence.) OpenAI don add to Enterprise AI pile-on by touting im goal of being primarily Enterprise revenue driven by end of 2026. And market don largely award Meta with lowest P/E multiple of Hyperscaler Crew because im substantial AI investments no clearly link to Enterprise market opportunity like Cloud Computing. But now there Muse and very early evidence say this fit dramatically scale. Muse matters to Meta shareholders because a) e amount to very tangible sign of successful product innovation and ROAI – evidence say Meta substantial AI investments ($200 billion plus in annualized capex and opex) no be in vain; b) e suggest potentially very dramatic new driver of usage and engagement for Meta; and c) e carry substantial new monetization opportunities for Meta in form of advertising, subscriptions, and transaction revenue share against multi-trillion dollar total adressable markets.’
