Meta Platforms, Inc. released the Muse Spark 1.1 AI model on Thursday, while Cathie Wood's ARK Investment Management purchased 34,080 Meta shares valued at $20.6 million. The AI model represents Meta's most capable release yet for coding and agentic tasks, marking the company's push to compete in the AI coding market against Anthropic and OpenAI. META stock extended its Thursday rally in overnight trading, jumping approximately 20% from this year's lows and moving within $11 of its 200-day moving average. The stock activity occurred as Meta competes more aggressively in the fast-growing AI coding market where rivals have offered similar models for some time.
Meta Releases Muse Spark 1.1 AI Model for Coding Tasks
Meta said Muse Spark 1.1 is its most capable model yet for real-world coding and agentic tasks after debuting the first version in April. While Anthropic and OpenAI have offered similar coding-focused models for some time, the release marks a more aggressive push by Meta to compete in the fast-growing AI coding market. META rose 4.7% on Thursday and added 1.3% in the overnight session.
ARK Invest Acquires $20.6 Million META Shares on Thursday
ARK Invest disclosed late Thursday that it had acquired 34,080 Meta shares valued at $20.6 million. The firm also bought shares of Circle Internet while trimming positions in AMD, Robinhood, and Natera. Wood has been an active trader of Meta over the past year. After trimming the position following the stock's AI-driven rally in mid-2025, she reversed course in late November, purchasing roughly $21 million worth of shares across her ETFs. ARK then booked further profits, selling around $36 million of the stock between December and January, before turning aggressively bullish again following Meta's first-quarter results in April.
Stocktwits Sentiment Shifts to Extremely Bullish
Meta was the top trending ticker on Stocktwits on Thursday evening. Sentiment shifted to 'extremely bullish' from 'bullish' the previous day, and 24-hour message volume surged over 170%. The stock is now just $11 away from its 200-day simple moving average, a key psychological support level in an uptrend closely watched by technical traders.
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Traders are already eyeing the next milestones. "$META broke out on the daily chart (up another 1.4% after hours too) and fully looks like it will fill the earnings gap from the end of April next (688.29) - Just need a convincing break of the May 28th highs (642.40)," a trader posted. Another trader wrote: "$META this is why you hold and don't sell. 18 years I learnt one thing: you trade and guess long or short and meanwhile you miss massive swings. No one can predict day to day."
META has been one of the worst performers among the "Magnificent Seven" stocks this year. It dropped 14.5% in the first six months of 2026 before rebounding in July. Shares are now down 4.2% for the year.
FAQ
What did Meta release on Thursday?
Meta released the Muse Spark 1.1 AI model on Thursday, described as its most capable model yet for real-world coding and agentic tasks.
How much META stock did ARK Invest purchase on Thursday?
ARK Invest acquired 34,080 Meta shares valued at $20.6 million on Thursday, disclosed late in the trading session.
How did META stock perform on Thursday and overnight?
META rose 4.7% on Thursday and added 1.3% in the overnight session, extending a rally that brought the stock approximately 20% above this year's lows.
