Woofun AI reports that Meta Platforms saw its stock price increase by 4.7% after releasing a series of positive developments. The company confirmed that its next-generation in-house AI chip, Iris, is scheduled to launch in September, alongside plans to double computing power from 7GW this year to 14GW by 2027.

Additionally, Meta began monetizing Muse Spark 1.1 through API fees, marking its first direct sale of large-scale model services to developers. Research firm Citrini described this market reaction as the "Google $150 Effect," noting a shift from skepticism during consolidation to retroactive confidence after the price surge.