Meta Platforms (NASDAQ: $META) trades at $673.42 after a strong decline from the recent high near $796.25. The stock dropped by 5.29% in the latest session as investors reacted to new developments in the company’s device strategy. Meta announced the acquisition of Limitless, an AI-wearables startup that builds a pendant capable of recording and transcribing real-world conversations.
The company also confirmed a delay to its Phoenix mixed-reality glasses, shifting the release from late 2026 to 2027. These updates arrive as Meta expands its investments in AI-driven consumer hardware.
Limitless makes a pendant-style device that clips to clothing. The device records conversations and creates searchable transcripts through a companion app. Limitless co-founder Dan Siroker said the company shares Meta’s vision for “personal superintelligence,” which aligns with Meta’s current plan to bring AI-enabled wearables to the mass market.
The startup raised over $33 million from investors that include Sam Altman and A16z. Limitless will continue supporting existing customers but will stop offering new devices to future buyers.
Meta plans to integrate Limitless’ technology into next-generation wearables, building on its existing partnerships with Ray-Ban and Oakley. The company already sells smart glasses capable of running AI features. A Meta spokesperson said the acquisition will accelerate its work in the space.
Analysts say large tech firms show growing interest in AI wearables. Amazon, Google, Friend, and Plaud are building products that compete in the same category. Meta’s purchase of Limitless fits into this broader industry shift toward connected assistants designed to support daily productivity.
The company also faces challenges in its mixed-reality roadmap. Meta is pushing back the launch of its Phoenix MR glasses to 2027. Business Insider reported that executives Gabriel Aul and Ryan Cairns said the additional time allows the team to refine the device. The headset reportedly weighs around 100 grams and features lower-resolution displays compared with Apple’s Vision Pro.
Meta continues to restructure Reality Labs, its hardware division, with reports indicating budget cuts of up to 30%. The group produces Meta’s Quest headsets, Ray-Ban smart glasses, and upcoming AR devices.
Technical Analysis: META Charts Show a Deep Pullback
META trades near $673 after a steep decline from the $796 resistance level. The chart shows a clear rejection at the top, followed by several strong red candles. Volume increased during the selloff, showing heavy activity during the decline. The stock now attempts a rebound, but short-term momentum still appears weak because the price sits below the 9-day moving average at $628.61.
A long-term ascending trendline stretches through 2024 and 2025. This trendline forms the main support for META. The recent move brought the price close to this area. The chart suggests a possible retest of the $550–$580 support region if the current bounce loses momentum. This region aligns with the rising trendline and previous accumulation zones.
RSI sits near 48, which signals stabilization after oversold readings. MACD also shows signs of improvement, but it remains in negative territory. These indicators show weakening downward momentum but no confirmed trend reversal. The current bounce fits a relief pattern after a sharp drop rather than a clear shift toward an uptrend.
META needs a strong reclaim of the channel formed by recent lower highs before buyers gain confidence. The key resistance now stands near $700, where the price broke down earlier. A move above this region would change short-term sentiment.
Is Now the Time to Buy?
META trades between a major support trendline and strong overhead resistance. The long-term trend remains intact, but the short-term trend shows weakness after a sharp correction. The stock sits between sellers at higher levels and buyers defending the trendline. The chart shows no confirmed breakout, and the next move may depend on whether the price returns to the trendline or attempts to recover toward resistance.
META’s position reflects a transitional phase as investors monitor product progress, hardware delays, and AI expansion plans. The stock now trades in a zone where both risk and opportunity exist, and market participants will watch technical levels closely as Meta advances its AI wearables strategy.
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