Key Takeaways
- Meta Platforms is anticipated to showcase its newest AI-powered glasses at a developer convention this week.
- HSBC analysts stated the transfer may assist place Meta as an early chief in a brand new class of units with the potential to drive progress.
- Extra sensible glasses are anticipated from Apple, Amazon and different opponents within the coming years.
Meta Platforms is seeking to AI-powered glasses to drive progress, which some Wall Avenue analysts stated may assist place the tech big as an early chief in a brand new class of units.
CEO Mark Zuckerberg is extensively anticipated to showcase Meta’s (META) newest AI glasses, referred to as “Hypernova,” at its “Join” developer convention Wednesday and Thursday. (The keynote tackle is about to start out at 8 p.m. ET Wednesday, Register for the livestream right here.) Meta’s current glasses have proven some indicators of success, with gross sales of its Ray-Ban AI glasses greater than tripling within the first half of the 12 months from a 12 months in the past.
The Hypernova glasses, developed with Ray-Ban and Oakley proprietor EssilorLuxottica, are considered as a shift in Meta’s AI product technique away from digital actuality headsets. They arrive with extra sensible glasses anticipated from opponents: Apple (AAPL), South Korea’s Samsung, and Amazon (AMZN) plan to launch their very own variations subsequent 12 months and past, HSBC analysts wrote Tuesday.
Will Sensible Glasses Be a Pathway to ‘Superintelligence’?
Zuckerberg throughout a convention name in July stated he sees the AI glasses turning into a significant alternative for the corporate and the “predominant means that we combine superintelligence into our day-to-day lives,” in accordance with a transcript offered by AlphaSense.
“Sensible glasses are a nascent market with a possible to turn out to be, if not ‘the,’ then at the very least ‘one’ computing platform of reference for the approaching many years,” bullish HSBC analysts led by Nicolas Cote-Colisson wrote.
Extra technological progress could also be required earlier than the glasses can compete with functionalities at the moment provided by smartphones, HSBC wrote. Financial institution of America analysts, in the meantime, have raised issues that Hypernova’s projected $800 price ticket could be too excessive for mass adoption, although they stated it may assist bridge a spot “between early adopters and mainstream shoppers.”
Wall Avenue is broadly bullish on Meta’s inventory, with a majority of analysts tracked by Seen Alpha calling the inventory a “purchase.” Their imply goal, $874, would counsel 15% upside from Tuesday’s shut at $779. The inventory has added a 3rd of its worth in 2025.
