Meta Platforms joins best stocks list as Muse boosts AI investment case

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Meta Platforms joins Best Stocks

Highlights

Meta Platforms' Muse launch on Sept. 8 demonstrates that its sizable AI investments are yielding consumer products, driving a 38% stock gain since August lows to $750.
Meta projects third-quarter revenue of $61 billion to $64 billion, with 2026 capital expenditures guided higher to $130 billion to $145 billion including finance-lease payments.
A significant portion of Meta's AI infrastructure spend benefits AMD, whose stock surged nearly 10% to $615.52 as Q2 revenue rose 50% to $11.5 billion and data center sales more than doubled.

Muse launch reshapes Meta's AI narrative

As reported by CNBC, Josh Brown added Meta Platforms to his Best Stocks in the Market list after arguing that Muse gives investors clearer evidence that the company's large AI outlays are producing a consumer product with rapid adoption.

For much of the past year, investors have treated Meta's spending on data centers and chips as a drag, questioning when the investments would translate into visible returns. Brown says that concern is starting to ease because Muse, launched on Sept. 8, shows how Meta's AI infrastructure can support an assistant that handles tasks such as checking calendars, reviewing transactions, sending emails and making bookings.

The stock's move reflects that change in sentiment. Meta has climbed 38% since bottoming at $545 in August and now trades around $750, after breaking above previous resistance in the $680s following the Muse launch. The company is guiding for third-quarter revenue of $61 billion to $64 billion, while its full-year expense outlook rises to $165 billion to $169 billion and its 2026 capital expenditure range narrows upward to $130 billion to $145 billion, including finance-lease payments.

AMD gains from Meta buildout

A meaningful share of that infrastructure spending is flowing to Advanced Micro Devices, which Brown and Sean describe as a key beneficiary because it supplies both accelerators and CPUs used in AI agent workloads. Meta has signed on as a lead customer for AMD's custom MI450 accelerators and next-generation Venice CPUs, tightening the link between the two companies as AI deployments expand.

AMD's stock and business results have also strengthened. Shares closed at $615.52 on Sept. 21, up nearly 10% on the day, pushing the chipmaker above a $1 trillion market value for the first time. In the second quarter, AMD reports revenue rose 50% from a year earlier to $11.5 billion, while data center revenue more than doubled to $6.7 billion, accounting for 58% of total sales.

Management guides for about $13 billion in third-quarter revenue, up 41% year over year, with gross margin holding near 56%. Brown says investors should watch whether AMD retraces toward the $600 to $610 range after its breakout, while the broader implication is that Meta's AI product push is reinforcing demand across the U.S. semiconductor supply chain.

Meta’s Meta Enterprise Platform rollout was the focus of our earlier coverage, highlighting the company’s push to bring its AI models, agents and tools to business users. We noted that the initiative bundles Muse alongside business-focused agents and coding tools, signaling Meta’s intent to monetize its AI investments beyond consumer apps while leadership changes at MongoDB underscored the strategic importance of the effort.

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