Story perspectives

Nasdaq Hits Record as AI Stocks Rally on Muse

By Drooid · Sep 24, 2026, 2:47 AM UTC · How we work

Summary

Meta Launches Muse

Nasdaq Composite hit an intraday record of 27,212.68, powered by technology gains.
AI-related stocks lifted market sentiment, pushing U.S. futures modestly higher.
Meta launched AI assistant Muse, sending its shares soaring and boosting AMD.
Nvidia, Intel and AMD posted double-digit gains, with AMD’s market value topping $1 trillion.
U.S. President Donald Trump and Chinese President Xi Jinping will discuss trade and AI at the summit.

Summary

Amazon Blocks Muse

Amazon blocked Meta’s Muse AI assistant from shopping on its platform, halting its marketplace access.
The block sparked concerns among tech investors about AI integration in e-commerce.
Shopify announced a partnership with Meta to embed Muse into AI-powered shopping experiences across its platform.
The partnership news lifted Shopify’s Toronto Stock Exchange shares by 7.4 % on the day.

History

Historical Context

After Netscape’s August 1995 IPO—priced at $28 per share and closing at $58.25 for a $2.9 billion market value—its rapid growth sparked the mid-1990s dot-com boom and provoked Microsoft’s entry into the browser war. Today, Meta’s Muse AI assistant is driving a comparable rally, lifting stocks such as Nvidia and Amazon as AI becomes the next growth engine.

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Meta Launches Muse

Nasdaq Composite hit an intraday record of 27,212.68, powered by technology gains.
AI-related stocks lifted market sentiment, pushing U.S. futures modestly higher.
Meta launched AI assistant Muse, sending its shares soaring and boosting AMD.
Nvidia, Intel and AMD posted double-digit gains, with AMD’s market value topping $1 trillion.
U.S. President Donald Trump and Chinese President Xi Jinping will discuss trade and AI at the summit.

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