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CNBC Daily Open: AI trade goes Meta after Muse launch
CNBC • • general
Key Points:
- Meta's new AI model, Muse, has surpassed ChatGPT as the top free iOS app, contributing to a surge in Meta's stock price by over 20% and driving the Nasdaq and Magnificent Seven stocks to record highs.
- Oil prices rebounded above $100 per barrel amid the UN General Assembly in New York, where President Trump is scheduled for meetings with Gulf leaders, UK Prime Minister Andy Burnham, and Ukrainian President Zelenskyy.
- Preparations are underway for a state dinner between President Trump and Chinese President Xi Jinping, with American tech and banking CEOs attending; AI and Iran issues may be key discussion points.
- Novo's shares faced volatility due to investor concerns about its growth strategy and competition in the weight-loss market; the CEO is expected to address these issues following the capital markets day.
- Soccer star Kylian Mbappé ended a nearly 20-year partnership with Nike and signed with Swiss brand On to design new high-performance sportswear, signaling a major shift in his endorsement deals.
