Apple Pitches Local AI on Macs as Shares Rise to $337.48

Dell Technologies introduced a $999 XPS Googlebook built around Gemini Intelligence and Android phone integration, sending its shares up about 3.5% to $555.32 at 10.42am ET on Friday, September 25. The 13-inch machine pairs a Snapdragon X Elite chip with a 2.5K touchscreen and up to 32GB of memory, and Dell says it can stream video for up to 16 hours and will reach Dell.com in October. Dell is entering a crowded field, as Reuters reported that four other PC makers are joining Google's new laptop category, with entry prices starting at $899. At $555.32, Dell's share price stood 139.62% above the $231.75 GF Value shown for September 25, leaving little room for a launch that merely looks good. Dell's AI infrastructure business remains the bigger financial driver, and the XPS Googlebook still has to prove customers will pay its premium price.

Meta Platforms unveiled plans to bring its Muse AI agent to its AI glasses and previewed Charm, a pocket-sized device for talking to the agent, sending shares down 2.8% to $755.815 at 10.13 am ET on September 25, 2026. According to Meta, Muse will respond to what users see through their glasses, handle tasks while conversations continue and get its own email address, with shopping, payments and work integrations widening its potential uses. Meta plans more than 100 AI-glasses styles by year-end. Reuters reported that Jefferies estimated $10.8 billion in annualized revenue if Muse reaches 1 billion users by the end of 2027 and at least 3% become paying customers, a scenario rather than money in the bank. The September 25 valuation snapshot puts Meta 11.73% below its $856.24 GF Value estimate, suggesting potential upside without proving the shares are a bargain.

Dolby Laboratories Inc. and Meta Platforms Inc. said Wednesday they are expanding Dolby Atmos and Dolby Vision across Meta's ecosystem. Meta's new AI glasses will be the first global consumer device that can capture audio in Dolby Atmos, letting users record spatial audio and share it on Instagram, which already supports Dolby Vision. The rollout builds on Meta's introduction of Dolby Vision on Instagram last year, and Meta also said its upcoming VR device will support Dolby Vision and Dolby Atmos when it launches next year. The announcement came as Meta used Connect 2026 to unveil a $1,299 VR glasses device, expand its AI glasses lineup and bring its Muse personal AI agent to more products. The partnership expands Dolby's presence across Meta's social media, wearable and virtual reality platforms.