$META

U.S. stock futures fell slightly on Thursday evening due to rising Treasury yields and oil prices. S&P 500, Nasdaq 100, and Dow Jones futures declined. Meta gained 4.5% after AI product announcements, while Oracle dropped 5% after a force majeure notice on a data center project. Trump and Xi concluded talks with few details released. The 10-year Treasury yield hit a 19-year high at 5.2%.

BLACKPINK's LISA collaborated with Meta to design limited-edition Meta Glasses, featuring pet-inspired charms and digital experiences. The glasses, priced at $399, offer hands-free tech, a 12MP camera, and 3K video capture. Meta also released audio-only glasses. LISA is promoting her documentary and upcoming EP.

Meta introduced Muse Charm, a keychain-sized device with a 2-inch OLED display, cameras, and 5G connectivity, powered by its Muse AI assistant. The device will launch in December, with pricing yet to be announced. Meta also unveiled camera-free Ray-Ban Meta Audio glasses at $349 and new Meta VR glasses at $1,299. Muse AI will be integrated into smart glasses and will support shopping and other tasks.

U.S. indices ended mixed on Thursday, with the Dow Jones down 0.3% and S&P 500, Nasdaq 100 flat. Treasury yields rose due to hawkish Fed remarks. Oracle invoked a force majeure clause for its AI data center. Meta neared a $2T valuation. Akamai secured a $11.6B cloud deal. Alphabet, OpenAI, and Anthropic plan an AI safety standards body. MGM may bid for People Incorporated.

Meta's $10 billion data center in El Paso, Texas, faces a hurdle as El Paso Electric's application to build a 366-megawatt natural gas facility to power it was scrutinized. Administrative law judges recommended approval only if ratepayers aren't burdened with costs, citing lack of alternatives considered. The final decision rests with the Public Utilities Commission of Texas. Meta would cover costs for the first five years, after which ratepayers may assume them.

Meta unveiled VR glasses, launching in 2027 at $1,299, compared to Quest 3 at $599. VR glasses have higher resolution, RAM, and new processor but lower field of view, storage, and no included controllers. Quest 3 is heavier but more immersive. VR glasses support eye/face tracking, 3D movies, and new video calling feature Hologram.

Meta (META) stock surged 40% since late July, nearing a $2 trillion valuation. Analysts expect 26% revenue growth this year and 20% in 2027, with EPS rising to $31.2 by 2026. However, AI spending may impact margins, with capex projected at $130B-$145B in 2026. Muse AI assistant saw 2.8M downloads in 12 days, potentially adding $10.8B in revenue by 2027, according to Jefferies.

Meta's shares have surged, approaching all-time highs, driven by optimism around its Muse AI assistant. The stock reached $776.58, up 4.24%, with JPMorgan raising its price target to $920. Key levels to watch include $790–$796.25 for resistance and $744.10 for support. The trend remains intact as long as buyers support pullbacks.

Meta Platforms (META) shares rose 4.3% after its Meta Connect event showcased new AI features and hardware, including AI glasses and wearables. The company announced expanded Muse AI distribution and new products, reinforcing its AI strategy. Shares traded at $778.88, up 4.6% from the previous close, marking a 52-week high. Meta's stock has seen significant volatility, with 16 moves greater than 5% over the past year. The company is up 19.8% year-to-date.

Amazon (AMZN) allows sellers to connect their accounts to Anthropic's Claude via a new plugin, enabling AI-assisted tasks. Previously, Amazon blocked Meta's (META) Muse for unauthorized access. Amazon has invested in Anthropic and has deep ties with the company. Prediction markets favor Anthropic over Meta for top AI model performance by 2026.