Saturday, September 23, 2023

Meta 2023 Event


$META is with 109% 1 year gain


 META Connect preview: Meta Platforms (NASDAQ:META) will hold its Meta Connect live event on September 27-28. The tech company will give consumers a preview of the Meta Quest 3 VR headset, which was formerly known as the Oculus Quest 3. Indications are that a new Qualcomm (QCOM) Snapdragon chip will make the Quest 3 headset the company's most powerful ever and improve the highest resolution display by close to 30%. The Quest 3 is expected to arrive with redesigned Touch Plus controllers and hand-tracking support. Meta Platforms is also expected to update on its AI plans. During the company's Q2 earnings, Mark Zuckerberg said Meta was building a number of new AI-powered products, some of which could act as assistants, coaches, and interact with businesses. The Meta Connect AI reveals could also include a formal announcement of new AI chatbots with different personalities, details around Meta's GenAI Agent opportunity, and use cases for Meta's GenAI Ad Tools & Features. While shares of Meta Platforms (META) turned lower during the Meta Connect event last year, several analysts have called it potential positive share price catalyst this time around the metaverse block.

Key events: Huawei will hold a product event for the media on September 25. Analysts will be looking for details on the latest Mate 60 Pro 5G smartphone and the chip used. The last Huaweu phone introduced used a chip made by China's Semiconductor Manufacturing International (OTCQX:SIUIF), which caused concern in the U.S. National security adviser Jake Sullivan said recently that the U.S. needed to get more information on the precise character and composition of the chip powering Mate 60 Pro. Workday's (NASDAQ:WDAY) four-day Workday Rising conference will begin on September 26. The two-day Code Conference hosted by Vox Media will run on September 26-27. Notable speakers include X CEO Linda Yaccarino, AMD (AMD) CEO Lisa Su, Roblox (RBLX) CEO David Baszucki, Warner Music (WMG) CEO Robert Kyncl, and General Motors (GM) CEO Mary Barra. In the energy sector, TotalEnergies (TTE) will hold its Investor Day event on September 27, with top management expected to update on strategy and the financial outlook. Shares of TotalEnergies have been volatile after prior investor day events. Check out Seeking Alpha's Catalyst Watch for a more detailed listing of upcoming events.

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