CNBC Daily Open: AI trade goes Meta after Muse launch - CNBC
Meta's new AI model, Muse, has surged in popularity, driving a rally in tech stocks and the Nasdaq. Meanwhile, global leaders are gathering in New York for the UN General Assembly, with high-stakes meetings planned between President Trump and world leaders.
Why it matters
The intersection of AI-driven market growth and significant geopolitical summits highlights the volatility and interconnectedness of global markets and politics.
Hello, this is Leonie Kidd coming to you from London. Welcome to another edition of CNBC's Daily Open.
A new AI darling has emerged in the form of Meta's Muse.
Mark Zuckerberg's group has surged ahead in the AI race with a new model that has overtaken its peers in download popularity and helped drive the Mag Seven and Nasdaq back to record highs.
But with AI still a flashpoint for global leaders meeting stateside this week, will the gains be short-lived?
The Nasdaq hit a fresh record high on Monday, driven by a rally in Meta shares, which logged their best day in more than a year.
Mark Zuckerberg's group is catching a bid after the successful launch of its new AI model. Meta's Muse agent overtook ChatGPT as the leading iOS free app on Friday, with over 730,000 downloads in the last five days.
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