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Technology Stocks : Meta Platforms, Inc. (Facebook)

META 582.77

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9:31 AM EDT

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From: Julius Wong	9/24/2023 9:47:40 AM
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META Connect preview: Meta Platforms (NASDAQ: META) will hold its Meta Connect live event on September 27-28. The tech company will give consumers a preview of the Meta Quest 3 VR headset, which was formerly known as the Oculus Quest 3. Indications are that a new Qualcomm ( QCOM) Snapdragon chip will make the Quest 3 headset the company's most powerful ever and improve the highest resolution display by close to 30%. The Quest 3 is expected to arrive with redesigned Touch Plus controllers and hand-tracking support. Meta Platforms is also expected to update on its AI plans. During the company's Q2 earnings, Mark Zuckerberg said Meta was building a number of new AI-powered products, some of which could act as assistants, coaches, and interact with businesses. The Meta Connect AI reveals could also include a formal announcement of new AI chatbots with different personalities, details around Meta's GenAI Agent opportunity, and use cases for Meta's GenAI Ad Tools & Features. While shares of Meta Platforms ( META) turned lower during the Meta Connect event last year, several analysts have called it potential positive share price catalyst this time around the metaverse block.

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