RokidPrivate▲ Positive
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Rokid's Thousand Creator Program and U.S. launch of Agent Store and YodaOS aim to boost adoption and sales of its Ai Glasses.
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Meta's $900 Bull Case Rests on AI Revenue and $18 Billion Settlement
Meta Platforms is drawing bullish analyst attention as its stock trades near $648 despite record quarterly revenue, with a $900 price target implying roughly 39% upside. Second-quarter revenue reached $60.8 billion, up 28% year over year, at a 31% operating margin, and the stock trades at a forward price-to-earnings ratio of 19, below the S&P 500's approximately 22 times forward earnings. Morgan Stanley analyst Brian Nowak maintains a $775 price target and projects Meta's AI pipeline could lift earnings per share by more than $10, a roughly 34% increase over 2025 adjusted EPS of $29.68, after the company settled youth social media addiction lawsuits for up to $18 billion over a decade. The bull case faces headwinds from capital expenditures of $31.1 billion in the second quarter, up 82% year over year, full-year 2026 capex guidance of $130 billion to $145 billion, and a Reality Labs loss of $4.62 billion, which compressed free cash flow to $784 million from $8.55 billion a year earlier. Meta guided third-quarter revenue to $61 billion to $64 billion, and its Connect 2026 event on Sept. 23 plus third-quarter earnings in late October will test whether the AI spending is translating into new revenue.
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Meta Connect 2026 Kicks Off September 23 at Menlo Park Campus
Meta Connect 2026 begins Wednesday, September 23 at 4:00 P.M. at Meta's campus in Menlo Park, California, headlining a week of investor events that also includes McDonald's Investor Day and a White House meeting between President Trump and China President Xi. The two-day livestreamed Meta showcase will include updates on the company's latest work in AI, AI-powered glasses, virtual and mixed reality, and related developer technologies, with major product announcements and a keynote from CEO Mark Zuckerberg anticipated. McDonald's holds its highly-anticipated Investor Day the same day, with investors watching how management plans to restore U.S. momentum while sustaining international growth and the durability of its new beverage platform, whose launches in the U.S., Canada, and Germany reportedly exceeded expectations. On Thursday, September 24, President Trump meets China President Xi at the White House, with Taiwan, AI, tariffs, and global conflicts expected on the agenda and more details possible on China's purchase of Boeing aircraft; Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, and Qualcomm CEO Cristiano Amon are expected at the evening state dinner. Also Thursday, a bond hearing is scheduled at 4:30 p.m. related to Paramount Skydance's planned $110B purchase of Warner Bros. Discovery. The week's earnings slate includes Autozone, Thor Industries, and KB Home on Tuesday; Cintas, Paychex, General Mills, and Cracker Barrel on Wednesday; and Darden Restaurants and Costco on Thursday.
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Snap Launches SPECS Intelligence AI, Expands AR Glasses Trials
Snap introduced its SPECS Intelligence AI service alongside expanded real-world trials of its SPECS AR glasses in September 2026. The launch includes enterprise-focused deployments with partners such as Salesforce, Amazon Web Services and NVIDIA targeting industrial, retail and field use cases. Snap is highlighting a privacy-first architecture for SPECS Intelligence AI, limiting data usage for AI training and personalized advertising. The SPECS Intelligence AI rollout and broader AR glasses push are part of a wider shift in how Snap structures its consumer and enterprise ecosystem, extending its technology into real-world use cases across North America, Europe and other regions. The company's AR narrative hinges on whether an expanding AR ecosystem and new services can turn a social app reliant on ads into a broader computing platform with higher-margin revenue.