Meta Platforms Inc’s (NASDAQ:META) latest AI push is moving beyond chatbots, creating a potential new catalyst for ETFs with sizeable exposure to the social-media giant.
The Facebook parent company’s new Muse personal AI agent is designed to move from answering questions to completing tasks. The pitch is that Muse can help users research products, negotiate and, with permission, complete purchases.
That gives Meta a potential second AI growth engine beyond advertising, according to T. Rowe Price portfolio manager Tony Wang, who told CNBC that Meta now has a "distribution advantage.”
FDN: A Direct META Play
The First Trust Dow Jones Internet Index Fund (NYSE:FDN) is one of the most direct ETF plays on Meta’s AI ambitions. Meta accounted for about 10.5% of the portfolio, making it FDN’s largest holding.
