Meta (META) Stock Pops Following Metaverse Cuts Announcement – Could it Hit $1,000 In 2026?

Meta (META) Stock Pops Following Metaverse Cuts Announcement – Could it Hit $1,000 In 2026?

Quick Read Meta Platforms (Nasdaq: META) is cutting spending on the underperforming Metaverse and redirecting resources toward AI initiatives. The stock popped on the news as Wall Street has grown concerned the company’s spending is getting out of hand in 2026. Meta’s current valuation is low due to investor skepticism, but disciplined execution and AI growth could drive shares significantly higher. With Meta Platforms trading between 20X and…

Meta CTO Responds To The Speculation: "VR Is Not Dead"

Meta's CTO has responded to speculation of VR being "dead" at the company.After reports from outlets like Bloomberg, The New York Times, The Wall Street Journal, and Business Insider suggested that Meta is "considering" a cut "as high as 30%" for its "metaverse" teams, Meta issued an official statement confirming "shifting some of our investment from Metaverse toward AI glasses and Wearables"."Within our overall Reality Labs portfolio we are shi…