Nasdaq Hits Record High as Meta’s Muse Agent Tops App Store, Shares Jump 11%

The market is treating consumer-facing AI agents as the next demand signal, not just model releases — Muse topping the App Store is being read through chip and infrastructure names, which is why a single app ranking moved a mega-cap and the index together. The SoftBank junk-bond raise is the counterweight: the same enthusiasm is being financed with leverage tied to OpenAI and Arm, so the open question is whether AI capex keeps being underwritten by debt markets without a repricing. The state visit adds a layer of headline risk that could reset sentiment regardless of product momentum.