Tech giant Meta Platforms is in talks with EssilorLuxottica to double production of its AI-enabled Ray-Ban smart eyeglasses to 20 million units, with potential to increase to over 30 million. Unprecedented demand has paused the international launch, aligning with Meta’s shift towards artificial intelligence with the Meta Compute initiative. Meta’s Q3 results exceeded analysts’ estimates, with a 26% YOY revenue increase to $51.24 billion. Analysts remain bullish on Meta’s stock, with a consensus “Strong Buy” rating and price targets indicating potential upside. Despite challenges, Meta’s focus on AI and wearables could make it a solid investment.

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