Meta

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AI take

Meta reports after the close today, with the Street focused on advertising revenue against the guided range and whether the 2026 capital-expenditure range moves again after last week's AI-financing scare. The company released Muse Spark Open and collaborated with Apple so the open-weight model can run locally on high-end Mac Studios, a rare public pairing of two longtime rivals. Amazon has blocked Muse from its marketplace and Charm hardware is still scheduled to ship in December. Watch whether those retail connectors actually convert and how Warsh's bumpy-AI comments filter into the print.

Scheduled take · 2026-10-21T03:10:04Z