We recently published 10 Stocks Wall Street is Watching Heading into October. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Wall Street is watching.

Anshel Sag, Principal Analyst at Moor Insights & Strategy, recently argued during a program on CNBC that Meta’s smart glasses will help improve people’s lives by helping them look at their phones “less.” However, the analyst said these producers are not likely to generate significant revenues or profits for the company.

“This is a product that kind of paves the way for the industry, which is what Meta has done in the XR space overall. You kind of saw them do this with their VR headsets as well. But I would say that this is a fairly low volume product and is very much a thought-processing and thought-provoking product more than it will be something that will generate significant revenues or profits.”

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Alger Spectra Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its second quarter 2025 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) is the world’s largest social-media company, spanning Facebook, Instagram, WhatsApp and Messenger, and its Reality Labs arm pursues next-generation augmented- and virtual-reality hardware. Its Family of Apps averaged 3.4 billion daily active users in March 2025, highlighting the unrivalled scale that underpins its advertising franchise. The company’s AI powered ad-delivery tools are driving higher pricing and better campaign performance, while new initiatives—such as the rollout of ads in WhatsApp—have the potential to unlock fresh revenue streams and are supported by a cash-rich balance-sheet that now includes a quarterly dividend. Shares rose during the quarter after fiscal first-quarter results came in better-than-expected due to strong revenue growth and operating margin expansion. Additionally, management guided fiscal second-quarter revenue above consensus and trimmed full-year expense guidance even as it lifted capital-expenditure plans to accelerate AI-infrastructure build-out.”

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.