It was a big day for Meta Platforms (NASDAQ: META) as the tech giant unveiled its new Meta Quest 3, launched new smart glasses with Ray-Ban, and announced updates to its AI products.

Investors seemed to initially balk at the news, sending the stock down by as much as 4.1% shortly after CEO Mark Zuckerberg gave his keynote address, but it rebounded nearly as quickly as some investors sensed a buying opportunity in the sell-off.

After whipsawing in the afternoon, Meta stock closed today's session down 0.4%.

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Source Fool.com