Meta and Lyft Rise on Positive Earnings and Expansion
Meta's shares have been gaining momentum as analysts express optimism about the company's new AI assistant, Muse. This product has positioned Meta for success in the market, according to firms. As a result, investors are showing increased confidence in the Facebook parent.
In related news, Lyft is seeing its stock rise after announcing that it will be offering Waymo robotaxi rides in Nashville. This marks the second US city where the ride-hailing company has provided driverless trips. The expansion of this service could potentially lead to increased adoption and revenue for Lyft.
Apple's shares are also on the move ahead of its product unveil, with the stock having rallied 15% since June 25. The excitement surrounding the new lineup of devices, particularly the foldable phone, is driving investor interest. However, it remains to be seen how the company will perform in the market once these products are released.