As Meta Platforms Looks to Double Smart Ray-Ban Glasses Production, Should You Buy, Sell, or Hold META Stock?

Group 1: Meta's AI-Enabled Eyewear Production - Meta Platforms is in discussions with EssilorLuxottica to double the production of AI-enabled Ray-Ban smart eyeglasses, targeting 20 million units by year-end, with potential to exceed 30 million [1] - The company is experiencing "unprecedented demand" for its eyeglasses, leading to a pause in the international rollout, although a resolution is expected soon [2] Group 2: Shift Towards AI and Financial Performance - Meta has launched the "Meta Compute" initiative to develop AI infrastructure and manage data centers, reflecting a strategic shift towards artificial intelligence [3] - The company plans to nearly double its capital spending to a range of $70 billion - $72 billion, emphasizing its commitment to AI infrastructure [6] - Over the past 52 weeks, Meta's stock has gained approximately 1.46%, but has declined by 11.76% in the last six months, with a notable drop of 11.3% following the third-quarter earnings report [4]