A wireless access point serve wireless User Equipment (UEs) using Multiple User Multiple Input Multiple Output (MU-MIMO). In the wireless access point, radio circuitry wirelessly receives network signaling from the UEs. Control circuitry processes the network signaling and determines initial power allocations to the UEs and initial MU-MIMO groups of the UEs. The control circuitry processes the initial power allocations and the initial MU-MIMO groups and determines new power allocations and new MU-MIMO groups. The radio circuitry wirelessly transmits MU-MIMO signals to the UEs in the new MU-MIMO groups using the new power allocations.