Meta Platforms rose 3.26% in regular trading, trading at $597.38 per share. The rally was driven by the launch of a new AI product and bullish ad revenue projections from a major Wall Street research firm.

Meta's Super Intelligence Lab released Muse Voice Transcribe, its first real-time audio perception model supporting multi-speaker, multi-language streaming transcription. The model reportedly outperformed both OpenAI and Google in benchmark tests, with API pricing set at just $0.18 per hour. The system employs an adaptive latency mechanism that dynamically balances recognition speed and accuracy on a per-word basis.

Separately, Bernstein projected that Meta's advertising revenue will surpass Google Search in Q4, positioning it as the world's largest single digital advertising platform. Analysts at Wedbush also noted that Meta's recent $18 billion teen-harm settlement with 52 US state attorneys general removes a significant investor overhang, though concerns over potential engagement impacts from new teen usage limits remain.