Meta's stock lagged over the last year due to concerns about their heavy AI spending, which dragged down Q2 net income and free cash flow. Things shifted recently with the release of their new AI agent, Muse. It hit 730k downloads and topped the free App Store charts in five days. The stock is up 20% since the release. Muse has a paid tier that could bring in new revenue, and management mentioned they might sell excess AI compute capacity at a premium. Their core ad business is still solid. Q2 revenue was up 28% year over year to $60.8 billion. They also recently settled their social media harm lawsuits for $18 billion spread over 10 years. The article notes that while Meta is turning things around, other tech stocks like Nvidia might still be a better AI play right now due to their hold on the GPU market.