Gene Munster

The whole Muse conversation gets back to the value of personalized AI. I expect that in the coming years a high percentage of consumers will pay $10–20 per month for its features. If these agents ultimately become as powerful as I expect, subscriptions alone will have a material impact on $META, $AAPL, $SPCX, and, to a lesser extent, $GOOG. https://t.co/aly95IBac1

The whole Muse conversation gets back to the value of personalized AI. I expect that in the coming years a high percentage of consumers will pay $10–20 per month for its features. If these agents ultimately become as powerful as I expect, subscriptions alone will have a material impact on $META, $AAPL, $SPCX, and, to a lesser extent, $GOOG. https://t.co/aly95IBac1

The whole Muse conversation gets back to the value of personalized AI. I expect that in the coming years a high percentage of consumers will pay $10–20 per month for its features. If these agents ultimately become as powerful as I expect, subscriptions alone will have a material impact on $META, $AAPL, $SPCX, and, to a lesser extent, $GOOG. https://t.co/aly95IBac1

Last night, I predicted $META would be flat to down today following Meta Connect. The stock closed up 4.5%. What I missed was the significance of Zuck’s comment that Muse will be the centerpiece of Meta. That comment reveals Zuckerberg is in wartime CEO mode, willing to throw out the existing architecture and rebuild the company as an agentic, AI-first business. That drive raises the probability of success and lays the foundation for a re-rating of shares.

I expect shares of $META to be flat to down on the Meta Connect keynote, given we didn’t get much on Muse adoption. What we got that was important is Zuck’s vision that all that matters to the company long term is Muse. Bad news for $GOOG. https://t.co/ycDcS9zkt7

I expect shares of $META to be flat to down on the Meta Connect keynote, given we didn’t get much on Muse adoption. What we got that was important is Zuck’s vision that all that matters to the company long term is Muse. Bad news for $GOOG. https://t.co/ycDcS9zkt7

The most important update from Zuck's Meta Connect keynote that kicks off tonight at 7pm ET has nothing to do with wearables. Investors will be eagerly waiting for him to share any datapoints on Muse's early adoption. For all the buzz that Muse has gotten, pushing shares of $META up 20% over the past two weeks, the company has shared little. Alexandr Wang, Meta's Chief AI Officer, has said usage is running "well ahead of internal projections" and he framed it as the biggest consumer AI launch since ChatGPT, with heavier U.S. download volume than Threads, WhatsApp, and Facebook combined. So tonight will be the first time we hear from Zuckerberg on Muse. Fingers crossed for some juicy data points.

iPhone 18 Pro model lead times continue to point to a successful cycle split. $AAPL As of this morning, lead times for Pro and Pro Max are still 4% and 3% higher than they were a year ago, which is a positive given I would've expected shorter lead times this year because of Duo cannibalizing Pro models. As a point of reference, the lead times for the 18s were 15% and 18% higher than the 17s on launch day:

$META finished +11% today. That’s good news for $TSLA, $AAPL and $SPCX. We knew Muse was coming for 6 months. The stock is ripping because the broader market has now used the product and finally gets how good it is. That same rip higher dynamic is next for these mega caps, in order: $AAPL on Duo demand $AAPL on the new Siri (personalized AI) $TSLA on FSD $TSLA on Cybercab $SPCX on orbital data centers $TSLA on Optimus

$META finished +11% today. That’s good news for $TSLA, $AAPL and $SPCX. We knew Muse was coming for 6 months. The stock is ripping because the broader market has now used the product and finally gets how good it is. That same rip higher dynamic is next for these mega caps, in order: $AAPL on Duo demand $AAPL on the new Siri (personalized AI) $TSLA on FSD $TSLA on Cybercab $SPCX on orbital data centers $TSLA on Optimus