Why Meta Platforms Stock Triumphed on Thursday

Meta Platforms (NASDAQ: META) stock had a good Thursday, with its more than 2% price gain topping the S 500 index's 0.6% rise. Investors were encouraged by the company's pronouncements during its annual Meta Connect developers conference.

The conference, a two-day event that concluded on Thursday, saw Meta Platforms introduce several new pieces of hardware and some fresh artificial intelligence (AI) offerings.

Headlining the social media company's first-look gear was its latest virtual reality (VR) headset, Meta Quest 3. As usual, with a new VR headset, the Meta Quest 3 boasts higher resolution and crisper graphics than its predecessor, among other features. It retails for $500, which includes a six-month subscription to the Quest+ VR service.

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Source Fool.com