Meta Connect 2024 Shows Long-Term Moat Building By Innovation

Summary:

• Key elements from Meta Connect 2024 included a cheap VR headset, advancements in AI translation, a shift toward a luxury tech company, and Orion AR glasses.
• The company is building a distinct moat in AR and VR and is positioning itself to be the leader in AI models. Meta is paying now to be rewarded later.
• Management has to be careful not to create further issues with social disruption with VR initiatives. I am more bullish on its AR offerings for their facilitation of organic interaction.
• Despite an operationally formidable long-term outlook, the stock valuation is currently not appealing due to lower growth anticipated for 2025 compared to 2024.

After covering Meta (NASDAQ:META) in July, focusing on its open-source AI strategy, and putting out a Buy rating, the stock has gained almost 21% in price. On the 25th and 26th of September, the company held its Meta Connect

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