B Riley raises e.l.f. Beauty target price to $115
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The U.S. stock market increased its market capitalization by $1.2 trillion today.
Meta surges 13%! Muse tops the Apple App Store rankings, analysts say AI investments are starting to pay off
Meta's AI assistant, Muse, has climbed to the top spot on the free charts of both Apple's and Google's app stores in the US. Early data indicates that its download volume has already surpassed previous iterations. Evercore analysts stated that this achievement is a concrete sign that Meta's multi-billion dollar investments in AI are beginning to pay off, potentially opening new monetization channels such as advertising, subscriptions, and revenue sharing. During intraday trading, Meta surged by 13%, with its core supplier AMD rising by 10% and Intel by 15%.
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