US Stock Market Move | Meta (META.US) rises over 7% as Connect conference approaches.

On Monday, Meta (META.US) opened with a gap up. As of press time, the stock was up over 7%, with a market capitalization exceeding $1.8 trillion. The stock performed strongly in September, gaining about 25% cumulatively. On the news front, Meta will hold Meta Connect 2026 from September 23 to 24, where it will focus on showcasing AI technology, AI glasses, and VR products. Meta's Muse AI agent has recently gone viral, topping the U.S. iPhone free app download chart just one week after its official launch last week. The platform is a long-promised product from Meta, and its initial reception has far exceeded expectations. Muse can complete tasks such as shopping, managing users' calendars, and helping users set goals. Morgan Stanley believes that the truly noteworthy commercialization opportunity for Muse may come from user behavior and the transactions themselves. Currently, Muse can charge through a subscription model, but the bank expects that Meta may eventually charge commissions on transactions facilitated by Muse.