Meta Platforms shares rallied more than 4% intraday on October 12, 2026, trading near $748 after the company released Muse Wonder and Muse Wonder Full, its latest frontier large language models optimized for agentic tasks. The launch builds on the rapid adoption of the earlier Muse personal AI agent, which reached millions of downloads since its September debut, while Wells Fargo raised its price target to $1,000 and Cantor Fitzgerald reaffirmed an overweight rating ahead of Q3 earnings on October 28. Traders are also monitoring ongoing AI infrastructure spending, competitive moves against rivals in the agent space, and broader tech sentiment as the session progresses toward the close.