Meta is trading at $703.44 (+6.30%) today, driven by several key developments: * The company announced "Petal," a 7,000-kilometer U.S.-France subsea cable set to deliver 1 petabit per second and enter service in 2029, reinforcing its AI and connectivity backbone. * Wells Fargo raised its price target to $796 from $640 and maintained an Overweight rating, citing significant progress in Meta's AI initiatives. * Anticipation builds for Meta Connect 2026 on September 23, where its "Muse" personal AI agent is expected to be a major focus. * Today also marks Meta's dividend ex-date, with broader risk-on trading supporting technology and AI stocks.