{
  "id": 9272768,
  "title": "AI trade outlook brightens on falling oil and Meta’s Muse agent ahead of Xi-Trump meeting",
  "url": "https://urgent.news/2026/09/23/ai-trade-outlook-brightens-on-falling-oil-and-metas-muse-agent-ahead-9272768",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-23T05:02:40.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/china-business/article/3368470/ai-trade-outlook-brightens-falling-oil-and-metas-muse-agent-ahead-xi-trump-meeting"
  },
  "original_language": "en",
  "account": "The global AI trade is experiencing a resurgence, driven by a combination of falling oil prices, Meta Platforms' introduction of a new agentic tool, and the upcoming China-US leadership summit. The Nasdaq-100 Index recently reached an all-time high, surpassing its previous record from June. Asian markets, particularly China and South Korea, have shown signs of recovery in their respective indices since a downturn in July. The turnaround signals a change in sentiment surrounding AI stocks, which had previously been affected by inflationary fears and calls for more cautious AI model development. The recent drop in oil prices below $100 a barrel has helped ease inflationary pressure, while Meta's Muse agent has boosted demand across AI supply chains. Positive comments from preparatory trade talks aimed at de-escalating geopolitical tensions have also spurred optimism. Stephen Innes, a managing partner at SPI Asset Management, noted that lower oil and yields have reopened the duration trade, with Meta's agent story pushing AI beyond GPUs towards a wider compute trade involving inference, CPUs, cloud services, and digital labor. The resurgence of tech stocks indicates investor confidence that AI will continue to thrive despite a recent interest-rate increase in the United States and potential risks to profit margins. Meta's 11% increase in share price on Monday, following the launch of its Muse agent, further supports this AI trade. Gary Dugan, CEO of The Global CIO Office, believes the Muse frenzy suggests markets view Muse as a confirmation of sustained inference and server demand. Investors are now looking forward to the upcoming meeting between Chinese President Xi Jinping and US President Donald Trump, hoping it may lead to a tariff truce and progress on AI development or even the Middle East conflict. \"Preparatory meetings between US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng suggest that some progress has already been made on trade,\" said Robert Gilhooly, an economist at Aberdeen Investments. \"That could pave the way for lower tariffs on some non-sensitive goods, while China may offer to buy more US farm products, energy exports, and Boeing aircraft.\"",
  "summary": "The global AI trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool, and anticipation surrounding the China-US leadership summit reignite interest in technology stocks. The Nasdaq-100 Index hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s Kospi…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "AI trade outlook brightens on falling oil and Meta’s Muse agent ahead of Xi-Trump meeting",
        "url": "https://urgent.news/2026/09/23/ai-trade-outlook-brightens-on-falling-oil-and-metas-muse-agent-ahead",
        "published": "2026-09-23T05:02:40.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "I gave my life over to Meta’s AI agent and was blown away",
        "url": "https://urgent.news/2026/09/23/i-gave-my-life-over-to-metas-ai-agent-and-was-blown-away",
        "published": "2026-09-23T06:10:25.000Z"
      },
      {
        "outlet": "The Age",
        "title": "I gave my life over to Meta’s AI agent and was blown away",
        "url": "https://urgent.news/2026/09/23/i-gave-my-life-over-to-metas-ai-agent-and-was-blown-away-9285589",
        "published": "2026-09-23T06:10:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}