Meta Acquires Robotics AI Company To Fast-track Humanoid Robot Development: Report

Meta reported Q2 2026 revenue of $60.80B, up 28% YoY, but EPS fell 13% to $6.18 due to rising costs. Analysts have mixed views on META stock, with JPMorgan upgrading to 'Overweight' and raising its price target to $820, while Wedbush maintains a 'Hold' rating. The stock has a consensus 'Strong Buy' rating with a target of $758.26.

Meta faces multiple lawsuits alleging its smart glasses captured sensitive footage without user consent. Plaintiffs claim the glasses recorded intimate moments and sent data to overseas reviewers. Meta denies wrongdoing but acknowledges data review for AI improvement. The suits accuse Meta of fraud and privacy violations. Meta plans to release a new camera-free model. Over 7 million pairs of Ray-Ban smart glasses were sold last year. Courts in England, Wales, and New York have banned the glasses

Meta Platforms' new AI agent, Muse, reached 600,000 downloads in five days, outperforming ChatGPT's early launch. Muse offers advanced features like task automation and payments, with a freemium model. Meta's stock rose 6.6% post-launch, indicating market approval. The app could diversify Meta's revenue beyond advertising, addressing Wall Street's skepticism.

The Federal Reserve raised the benchmark interest rate to 3.75%-4.00%, with most officials projecting one more hike this year. U.S. stock futures rallied as bond yields fell. Key economic data, including jobless claims and manufacturing indices, are expected later. Pre-market, Arm Holdings (ARM) and other tech stocks advanced, while Fluence Energy (FLNC) dropped after cutting revenue guidance.

Meta Platforms faces French regulatory scrutiny over smart glasses, though no specific accusations have been made against its products. The company's partnership with EssilorLuxottica holds 76% of the global smart-glasses market. Meta's shares dropped to $677.30, trading at a 20.72% discount to GuruFocus' estimated fair value of $854.33.

Meta's stock is up 25.23% over one month, with Q2 revenue at $60.801 billion, beating estimates. The company is expanding into enterprise services, with CEO Mark Zuckerberg highlighting compute sales and AI growth. Despite a 91.31% drop in free cash flow, Meta's P/E is 25, and it plans to unveil AI glasses on September 23, 2026.