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Reuters

Meta’s Muse hits 2.8 million downloads in two weeks as Truist sees $28.5 billion annual revenue by fiscal 2030

AI Market Summary
Meta's Muse AI agent has rapidly scaled to 2.8m downloads in two weeks and reached the top free app slots in the US and Canada, strengthening near-term revenue optimism (Truist sees at least $28.5bn annual revenue by FY2030). The launch has lifted Meta shares and reinforced AI infrastructure demand narratives, while stoking cross-sector disruption concerns, notably pressuring financials on potential switching/price-comparison effects.
Impact level
● Medium
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AI Insight · NCSKMETA2USD/USDTAI Insight
▲ Bullish
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Meta’s Muse app logged 2.8 million downloads within two weeks of launch, with average daily downloads growing 55% over its first 10 days, according to Sensor Tower. Truist Securities estimates the app could generate at least $28.5 billion in annual revenue by fiscal 2030. Meta shares have climbed nearly 13% this week and are poised for a fifth straight week of gains.
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