Meta’s current ~$1.84 trillion market cap reflects strong trader consensus around sustained AI momentum from the Muse personal AI agent’s rapid adoption and top app-store rankings, which drove a September surge that briefly approached $2 trillion. Recent weeks have seen modest pullbacks amid broader market moves and ongoing heavy infrastructure spending, yet analysts continue raising targets on monetization potential for the large language model and agent capabilities. Key near-term catalysts include the expected late-October launch of the next-generation Watermelon model and any updates on enterprise AI platform initiatives, which could influence whether the stock holds in the $1.75–2 trillion band or tests higher by month-end.