Meta Stock: BofA Sees 32% Upside as Custom Chip Strategy Takes Shape
TLDR
- Meta stock rose 4% on September 3 after releasing Muse Spark 1.3, its updated AI coding model
- Bank of America kept its Buy rating and $810 price target, implying 32% upside from the September 3 close
- Muse Spark 1.3 uses 20% fewer tool calls and 25% fewer tokens than version 1.2
- Metaโs custom MTIA chips, built with Broadcom, could represent 15-20% of total AI capacity
- Meta is currently trading below its historical earnings multiple, at 18x projected 2027 GAAP earnings
Meta stock closed at $613.62 on September 3, up about 4% on the day. The broader market rose around 1%, so something was moving Meta specifically.
That something was Muse Spark 1.3.
Meta released the updated model on September 2. It is built for coding and agentic tasks and is available through Muse Code and the Meta Model API. The model uses roughly 20% fewer tool calls and 25% fewer tokens than Muse Spark 1.2 to complete comparable engineering work.
$META ROLLS OUT MUSE SPARK 1.3
Meta says its latest model delivers its biggest coding/agentic jump yet, matching GPT-5.6 Sol on Terminal-Bench 2.1 at 88.8 and scoring 75.4 on DeepSWE.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
