$META IS THE MOST UNDERVALUED MAG 7 NAME I still think Meta is the most undervalued Mag 7 name because at roughly 18x 2027 earnings, the market is pricing it like an advertising business while Muse is beginning to show what a second consumer platform could look like. The real signal is not the assistant itself but the infrastructure decision behind it. Meta is giving users a persistent isolated compute environment with a browser, which turns Muse from a chatbot into an agent that can actually act on your behalf. Very few companies can afford that fleet economics at scale, and Meta can pair it with WhatsApp, billions of users and an identity graph built across its entire ecosystem. The monetization opportunity is where this gets interesting. If Muse becomes the layer that compares products, fills forms and eventually completes purchases, Meta can move from monetizing attention to monetizing intent. An agent that knows your calendar, purchase history and goals could be a higher value signal than any feed impression, with merchant placement or transaction economics potentially becoming a much larger ARPU opportunity. Unlike Google, Meta also has no massive search business to protect from that shift. There are still real reasons the market is not paying for it yet. Meta has not disclosed Muse users, retention, pricing, take rates or the cost of running dedicated compute per user, while the model still needs to prove it can handle complex tasks reliably. There is also a real risk that successful agents reduce time spent in the feed before new commerce revenue is ready to replace those impressions. That is why Q3 disclosure matters so much. Show me retention, unit economics and a business model, and the market can start valuing Muse as a product instead of another capex line. Until then, I think you are still paying for the core ads machine and getting one of the largest consumer AI distribution bets as optionality.