$Meta Platforms (META.US)$
Meta Platforms, Inc.'s stock has experienced a significant increase in the past two years, soaring from below $100 at the end of 2022 to over 500% now. From a valuation perspective, it still remains attractive. However, investors' focus is shifting from traditional social media business to future growth opportunities such as artificial intelligence (AI) and smart glasses.
Meta is increasing its investment in smart glasses, aiming to replace smartphones in the future. According to reports, the company is collaborating with Oakley to develop a high-end smart glass based on the Sphaera series, targeting athletes with an expected price of up to $1,000. This product is a continuation of Meta's collaboration project with Ray-Ban, and the company plans to further cooperate with EssilorLuxottica to promote smart glass technology to more of its fashion brands.
Meta's ultimate goal is to create smart glasses that can fully replace smartphones. Although this goal may not be achieved until 2030 or later, the current research and development direction is focused on devices with heads-up display capabilities that can handle tasks such as emails, replying to messages, taking photos, without relying on smartphones.
To achieve this goal, Meta is heavily investing through its Reality Labs department. Despite Reality Labs'...

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