Billionaires Invest in AI Stock Poised to Dominate the 2030s

Meta Platforms is positioning itself to lead the smart glasses market and dominate the 2030s. This shift is driven by advancements in augmented reality (AR) and artificial intelligence (AI). Mark Zuckerberg envisions smart glasses becoming our primary computing devices, similar to how smartphones revolutionized technology after the launch of the iPhone in 2007.

Billionaires Back Meta’s Ambitious AI and Smart Glasses Plans

Several hedge fund billionaires have shown confidence in Meta by purchasing significant shares in the company during the third quarter. Notable investors include:

• Israel Englander of Millennium Management, who added 793,500 shares, making Meta his eighth-largest holding (excluding options).
• Ken Griffin of Citadel Advisors, who acquired 1.4 million shares, placing it as his fourth-largest holding.
• Philippe Laffont of Coatue Management, who increased his stake by 355,900 shares, now making Meta his largest holding.

These investments reflect a broader belief that Meta could emerge as the “Apple of the 2030s,” especially as its Reality Labs and Superintelligence Labs work together to innovate in smart glasses technology.

The Future of Smart Glasses

In September, Meta unveiled the Meta Ray-Ban Display, its first AR smart glasses equipped with a built-in display on the right lens. These glasses feature Meta AI, an AI assistant designed to enhance user experience. While initial sales expectations are moderate, analysts see these glasses as a crucial milestone leading up to the highly anticipated Orion smart glasses, slated for launch in 2027.

The Orion smart glasses promise to provide a dual-lens display, immersing users in a holographic experience that fuses digital and physical realities. This product will be paired with a superintelligence system that learns from users and aids in achieving their goals. Zuckerberg believes that glasses capable of understanding context will replace smartphones in various applications, similar to how smartphones superseded personal computers.

Market Leadership and Potential Growth

As of early 2025, Meta accounted for 73% of smart glasses shipments, showcasing its market dominance. This figure increased from 66% in late 2024, indicating a growing foothold in the sector. If smart glasses do become our primary devices, Meta’s position could lead to a massive market opportunity.

Investment analysis reveals a positive outlook for Meta Platforms. Analysts forecast a 17% annual growth in earnings over the next three years. With a current valuation at 29 times earnings, the stock appears reasonably priced. The median target price set by analysts stands at $842.50 per share, suggesting a potential upside of 26% from the current share price of $665.

Conclusion

Meta’s strategic focus on AI and smart glasses positions it to reshape how we interact with technology. For investors, this could be a pivotal moment as Meta aims to transition from a social media giant to a leader in consumer electronics by the end of the decade.