Muse AI Tops App Store as TD Cowen Sees $27B Revenue by 2031
META sits 44% above its 52-week low of $520.26.
Summary
Meta's Muse AI has topped the App Store within weeks of launch, with over 3.4 million downloads and integration into 2,000+ apps. TD Cowen projects Muse headset revenue to reach $27 billion by 2031, up from $55 million this year, marking it as Meta's clearest non-core AI revenue stream. Canaccord Genuity raised its price target to $950, citing subscription and usage-fee monetization potential. However, a disclosed security flaw allowed access to users' dedicated VMs, and Morgan Stanley cautions that investor expectations may be overstated. The stock is trading near its 52-week high, reflecting strong investor interest in Muse's early traction.
At the time of this announcement, META was trading at $747.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.