Analyst recommendations: AMD, Microsoft, Domino's Pizza, Hewlett

UBS downgraded PG&E (PCG) due to delays in California wildfire liability reform, citing legislative obstacles and public opposition. The move raises concerns about PG&E's dividend sustainability and risk management, though the company maintains its quarterly payout.

Meta's CEO, Mark Zuckerberg, unveiled Muse Charm, a keychain-sized AI device with a fingerprint sensor and real-time voice interactivity, set to launch in December. Muse, Meta's AI assistant, has become the most downloaded app in the US, offering tasks like ordering groceries and managing finances. Meta's stock has rebounded since Muse's launch, adding $300 billion to its market cap. Zuckerberg also announced new Ray-Ban styles and VR glasses, with Muse integration planned.

AMD's market value briefly hit $1 trillion, with shares at $613.89, down 0.1%. The company aims to expand its AI data center offerings with its Helios platform. The stock is 115.66% above its GF Value, reflecting high growth expectations.

Amazon blocked Meta's Muse shopping bot, leading Meta to partner with Walmart, Wayfair, and Sephora. Meta's shares surged 37.3% in a month, adding $500B in market cap, while Amazon's shares fell 5.85% in the same period. Amazon's ad business, generating $19.8B in Q2 2026, relies heavily on product discovery, which Muse threatens to disrupt.

Meta Platforms introduced Muse, an AI personal agent, alongside new hardware products. CEO Mark Zuckerberg outlined plans to expand Meta's ecosystem, including smart glasses and VR glasses. Shares rose 4% to $773. Analysts from Morgan Stanley and JPMorgan commented positively, with JPMorgan raising its price target to $920. Meta aims to monetize Muse through subscriptions and transaction fees.

The U.S. International Trade Commission (ITC) is investigating Micron (MU), Supermicro (SMCI), and HPE (HPE) for potential patent infringement of Netlist (NLST) memory technology. Netlist seeks exclusion and cease-and-desist orders. Shares of MU, SMCI, and HPE traded lower, with SMCI down 3.4%. Netlist's CEO cited a recent Samsung settlement as a benchmark for its IP value. Micron previously won a legal case against Netlist, invalidating five patents.