Meta Shares Jump 4% on Launch of Efficient AI Coding Platform

Meta Platforms (META) shares surged 4% on September 3 following the launch of Muse Spark 1.3, an enhanced AI coding platform.

Bank of America maintained its Buy recommendation with a $810 price objective, suggesting 32% potential gains from the closing levels of September 3.

The latest iteration of Muse Spark delivers a 20% reduction in tool calls and 25% fewer tokens compared to its predecessor, making it more efficient for coding applications and agentic workflows.

The company is working on custom MTIA silicon with Broadcom partnership, which may account for 15-20% of Meta’s AI infrastructure. The valuation multiple of 18 times estimated 2027 GAAP earnings is lower than the historical average of around 21 times.