Meta Defies Tech Sell-Off, Bolstered by AI Ambitions

Shares of Meta Platforms rose 0.90% in pre-market trading—bucking a broader decline in the technology sector—supported by a Goldman Sachs recommendation that maintained a "Buy" rating and a $725 price target, alongside optimism surrounding the "Muse" AI platform.

The platform enables users to perform various online tasks—such as managing schedules, filling out forms, and completing purchases—through subscription tiers ranging from free to $100 per month. Upgrades from other banks and firms further bolstered confidence in Meta’s prospects within the AI ​​space.

This positive performance occurred despite market headwinds, including a decline in US stock indices, rising expectations for Federal Reserve interest rate hikes, and concerns regarding the safety of AI model development.