Is it true that the word magnify may mean to increase something and to exaggerate something?

Question

or just the first meaning thanks very much (e.g. to increase the visibility of sth and to exaggerate the fact of sth)

Answer 1

Both meanings are right.

Answer 2

the "New Merriam - Webster Dictionary" defines Magnify this way.
1. extol, laud; also to cause to be held in greater esteem.
2. Intensify; also exaggerate.
3. to enlarge in fact or in appearance (a microscope magnifies an object)

Answer 3

comes from latin roots. it means to make larger