Morningstar

Communications Services Post Broad Losses — Communications Services Roundup

Provided by Dow Jones

Shares in the communication services companies were the worst performing sector as six of the seven Magnificent 7 stocks posted losses.

Meta Platforms is starting a new business focused on selling artificial-intelligence tools to enterprise customers, aiming to build on the momentum of its viral Muse personal assistant and deliver a return on its hefty spending. The move will bring together sales of several of Meta's existing AI tools including its Muse personal productivity agent, a coding tool, access to its top models and agents for businesses, the company said. Meta hired Chirantan "CJ" Desai, previously chief executive of document database company MongoDB to run the new business line, reporting to CEO Mark Zuckerberg. 




  Write to Patrick Sheridan at patrick.sheridan@wsj.com 



  (END) Dow Jones Newswires



  September 28, 2026 17:37 ET (21:37 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

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