Meta Platforms shares have climbed above $760 this week after the launch of its Muse Wonder frontier AI models, which analysts at firms including Truist and Rosenblatt cited as evidence of competitive progress and lifted price targets as high as $1,000. The move reinforces trader focus on whether heavy AI infrastructure spending—now guided at $130–145 billion for 2026—will translate into incremental revenue beyond advertising, which grew 27% year-over-year in the prior quarter. With Q3 results due October 21 and consensus revenue near $63 billion, market-implied odds reflect optimism tempered by concerns over margin pressure and free-cash-flow compression from capex. Recent institutional buying and a stock price near its 52-week high of roughly $780 underscore the sensitivity of near-term price action to AI execution signals.