Overview

• Bank of America’s Justin Post reiterated a buy rating and a $900 price target, saying Connect should highlight tangible AI product progress and a clearer path to long‑term growth.
• CNBC reports Meta plans to showcase consumer display glasses internally called Hypernova at around $800 along with a wristband controller that enables hand‑gesture input, which has not been officially confirmed.
• Meta reported Q2 revenue of $47.52 billion, up 22% year over year, and guided full‑year expenses to $114–$118 billion and capital expenditures to $66–$72 billion to fund AI infrastructure.
• Mark Zuckerberg said developing “superintelligence” is now in sight and credited AI recommendation improvements with lifting time spent by 5% on Facebook and 6% on Instagram in Q2.
• Articles cite more than 2 million units sold of the second‑generation Ray‑Ban smart glasses since October 2023, signaling a hardware foothold ahead of any new consumer AR offering.