Stocks making the biggest moves midday: Apple, Meta Platforms, Bumble, Fermi, Goldman Sachs & more

Meta Platforms stock surged by 2.8% in mid-day trading as the excitement surrounding the launch of Muse Wonder AI model, announced earlier in the week, gained momentum. The new AI offering, which includes Muse Wonder and Muse Wonder Full, is Meta's most advanced model yet, designed to rival OpenAI and Anthropic in areas like coding, finance, and legal work.

To capitalize on this, Meta introduced paid subscription tiers at $20 and $100 per month, creating a new revenue stream outside its core advertising business. The most noteworthy analyst move came from Truist Securities, with Youssef Squali raising his price target to $1,000 and maintaining a Buy rating, highlighting strong early adoption of the personal AI agent.

Rosenblatt analysts also weighed in, arguing that Muse Wonder effectively nullifies the bearish arguments against Meta's AI investments, while BNP Paribas analyst Nick Jones kept a positive outlook with an $885 price target, emphasizing long-term monetization potential beyond advertising. Additionally, Meta challenged UK regulator Ofcom on its fine calculation methods under the Online Safety Act, easing some regulatory concerns.

Investors are also positioning for Meta's Q3 2026 earnings report on October 21, which will be the first major test of whether AI infrastructure spending is driving revenue growth. Although the broader market was underperforming that day, with the S&P 500, Dow Jones, and Nasdaq all seeing slight declines, Meta's stock outperformed the large-cap tech market, while social media peers also rose in line with Meta's AI narrative.

This combination of a groundbreaking product launch, analyst upgrades, and investor anticipation for Meta's earnings report has propelled the stock well above its opening price of $735.76, nearing its 52-week range of $520.26 to $779.82 despite a largely cautious market environment.