Meta AI model launch lifts Nasdaq and Magnificent Seven shares

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Meta AI boosts Nasdaq, stocks

Highlights

Meta shares surge over 20% following Muse AI agent's launch, which surpasses ChatGPT as the top free iOS app with 730,000 downloads in five days.
The Roundhill Magnificent Seven ETF hits a record level for the second consecutive session as Meta's AI-driven rally boosts prospects for other large-cap tech stocks.
Oil prices rebound after Brent crude futures briefly fall below $100 a barrel, as the UN General Assembly gathers world leaders and raises geopolitical market risks.

Meta-driven rally reshapes AI trade

As reported by CNBC, Meta's shares jump after the launch of its Muse AI agent, which overtakes ChatGPT as the leading free iOS app on Friday and records more than 730,000 downloads over the last five days.

The stock posts its best session in more than a year, and trading volumes surge as investors respond to the company's stronger position in the AI race. Shares are up more than 20% since details of the AI assistant are released, helping restore momentum to the sector's recent rebound.

The move also supports other large-cap technology names. The Roundhill Magnificent Seven ETF reaches a record level for a second straight session, showing that Meta's product momentum is spilling into the wider U.S. growth trade.

Geopolitical agenda adds broader market risk

Outside equities, oil prices rise in early Tuesday trading after Brent crude futures briefly dip below $100 a barrel. The rebound comes as attention turns to the UN General Assembly in New York, where global leaders are gathering for a series of high-level meetings.

President Donald Trump is set to meet Gulf leaders on the sidelines, while Iran's President Masoud Pezeshkian is expected to address the gathering. Trump is also due to hold bilateral meetings with UK Prime Minister Andy Burnham and Ukrainian President Volodymyr Zelenskyy, while preparations continue for a state dinner with Chinese President Xi Jinping that includes several U.S. technology and banking executives.

In our earlier article on the AI-led global equity rally, we noted that renewed enthusiasm for artificial intelligence pushed U.S. tech shares sharply higher, lifting the Nasdaq close to record territory and boosting names like Intel, AMD, and Meta. We also highlighted how a simultaneous slide in oil prices and rising political uncertainty in Europe shaped risk sentiment and cross-asset moves, even as investors stayed focused on Big Tech’s AI spending cycle.

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