Meta’s recent launch of Muse Wonder and Muse Wonder Full frontier large language models has driven the market-implied odds toward the $1.75–2.00T and $2.00–2.25T brackets for end-of-October 2026. Traders view these releases, alongside CEO statements positioning Meta as competitive with OpenAI and Anthropic in AI capabilities, as evidence that heavy 2026 capital expenditures of $130–145 billion are translating into tangible product momentum and advertising efficiency gains. Strong year-over-year ad revenue growth, AI-enhanced recommendation algorithms, and analyst price target upgrades reinforce this consensus. With Q3 earnings due later this month, the skin-in-the-game positioning reflects expectations that near-term results will sustain the current valuation range absent major surprises.