Keyword → AI model launch

Meta Platforms Launches Muse Spark 1.1 AI Model and Plans September 'Iris' Chip Production — Stock Up 8.3% This Week

Meta Platforms released Muse Spark 1.1, its most capable AI model for coding and agentic tasks, alongside plans to begin manufacturing its in-house 'Iris' data center chip in September, targeting 14 gigawatts of compute by 2027. The combined announcements pushed Meta shares up roughly 4.7% Thursday and 1% in Friday premarket, cutting the stock's 2026 year-to-date loss from 14.5% to 4.2%. ARK Invest added shares after the release, while analysts project monetization gains through API pricing and advertising share.