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This week Meta Platforms Inc (NASDAQ:FB) unveiled the Quest 3, the company's latest iteration of its mixed reality goggles. The $499 goggles will be available starting October 10, with pre-orders launching on Wednesday.
Meta (META) shares are up about 9 percent over the last three months. There have been a few things driving the stock, including new products, its AI push, and what CEO Mark Zuckerberg has called the company's "year of efficiency.
AI stocks to watch in the stock market now.
Meta Platforms (NASDAQ: META ) stock is on the move Friday following an insider at the social media company selling shares. Jennifer Newstead, the Chief Legal Officer at Meta Platforms, revealed a share sale in a filing with the Securities and Exchange Commission (SEC).
Meta Platforms, Inc. is reinventing its business and focusing on AI, with new AI tools and personal AI assistants being introduced at Meta Connect 2023. The market opportunity for personal AI assistants was predicted to be over a trillion dollars, with users willing to pay a few hundred dollars for such services. Meta Platforms stock remains a bargain at 14x normalized earnings not including AI upside, once the tech giant eliminates Metaverse losses.
Meta Platforms Inc (NASDAQ:FB) utilized public user Facebook and Instagram posts to train the new Meta AI virtual assistant unveiled at its Connect developer conference this week, according to reporting from Reuters. Meta President of Global Affairs Nick Clegg insisted the company did not train its AI on content set to private and said the company worked to omit private details from the datasets it did use.
The social media giant held its annual Meta Connect developers conference. During the event, it took the wraps off a number of new products and services.
Meta Platforms (META) is expanding its artificial intelligence (AI) solutions portfolio with the launch of AI stickers across its apps. It is launching Ray-Ban Meta smart glasses and Quest 3.
Although these last two weeks have been painful for investors, as the S&P 500 pulled back by ~7% in a rather short time, it is likely setting up what could be a powerful end of year rally. Additionally, if you take a look at a technical chart of the Nasdaq 100 index, we can see that on Wednesday, the market made a big reversal right at the bottom of the consolidation.
Meta Platforms (NASDAQ: META ) stock is a hot topic among traders on Thursday following the company's Meta Connect 2023 event. Meta Connect 2023 is a special event held by Meta Platforms that went over its plans for the metaverse, augmented reality ( AR ) and virtual reality ( VR ).