Apple hit another new high on Friday, with its market value topping nearly $5 trillion. In the same day, Meta fell 3%. A jury in New Mexico ruled that it misled consumers in the Cambridge Analytica-related lawsuit, and the attorney general turned around and immediately vowed to pursue penalties of up to more than $200 billion.
Meta was actually the strongest performer this week. After the launch of its AI agent, Muse, daily active users reportedly jumped tenfold in half a month. Then on Friday, it was revealed that it ran into a compute bottleneck—service degradation, task failures… what a scene: the story was halfway told when it locked up on itself, and profit-taking money rushed to get out.
Meanwhile, Apple’s new high was fairly steady. Easing in the U.S.-Iran negotiations helped bring oil prices down, and semiconductors and memory rose alongside. As for whether the fine really comes through, it’ll likely rely on a series of lawsuits down the line to wear it down slowly; in the market, the sentiment that moves first is on the Muse front.
Meta was actually the strongest performer this week. After the launch of its AI agent, Muse, daily active users reportedly jumped tenfold in half a month. Then on Friday, it was revealed that it ran into a compute bottleneck—service degradation, task failures… what a scene: the story was halfway told when it locked up on itself, and profit-taking money rushed to get out.
Meanwhile, Apple’s new high was fairly steady. Easing in the U.S.-Iran negotiations helped bring oil prices down, and semiconductors and memory rose alongside. As for whether the fine really comes through, it’ll likely rely on a series of lawsuits down the line to wear it down slowly; in the market, the sentiment that moves first is on the Muse front.