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Meta Platforms’ AI Glasses Unveiled, Wall Street Bullish on META
Meta Platforms’ AI Glasses Unveiled, Wall Street Bullish on META
20
2
BTCCSquare news:
Meta Platforms (META) has captured Wall Street's attention with the debut of its AI-powered smart glasses, the Meta Ray-Ban Display. CEO Mark Zuckerberg showcased the device at the Connect conference, positioning it as a tool to reduce smartphone dependency while augmenting human capabilities. "We're building glasses that deliver superintelligence through realistic holograms," Zuckerberg declared.
The market responded favorably, with META shares recovering from early September losses. Analysts at Stifel highlighted the $799 price point as competitive given the technology, reaffirming a $900 price target and Buy rating. Meanwhile, Instagram, under Meta's umbrella, has surged to 3 billion monthly active users, up from 2 billion in 2022.
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