Meta Leads Monday Tech Rally on AI Agent Excitement and Wells Fargo Price Target Hike Ahead of Connect Event

Meta Platforms stock surged Monday morning, September 21, driven by a combination of factors including analyst optimism around its recently launched personal AI agent, Muse, and anticipation ahead of the company's Connect event scheduled for September 23. Wells Fargo raised its price target on Meta to $796 from $640, while Citi analyst Ronald Josey placed the stock on a 90-day upside catalyst watch with an $800 price target, citing Meta's product roadmap and the Connect event as near-term catalysts. Meta also announced a quarterly cash dividend of $0.525 per share with an ex-date of September 21.

The broader technology sector moved higher in pre-market and early trading. Alphabet Class A shares rose 1.09% on volume of 50,240 shares in pre-market action, while Amazon gained 0.95% on 67,010 shares, the highest pre-market volume of the session. Broadcom advanced 1.47% on enterprise networking momentum, and Dell Technologies surged 2.80% on optimism around server demand, with Dell shares having more than tripled over the course of 2026 on record infrastructure results.

Micron Technology also popped Monday morning, with the stock having already more than tripled in 2026 amid strong AI-driven memory demand, and investors continuing to position ahead of the company's fiscal fourth-quarter earnings report due September 30. Rocket Lab shares surged as well, with the company having reported record first-quarter revenue of $200 million, up 63% year over year, and a backlog of $2.2 billion that grew 106% year over year. Warner Bros. Discovery and a handful of smaller names were also among the session's notable movers.