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Stock impact report

Warby Parker (WRBY) Soars 9.4% on Strong AI Glasses Demand [Yahoo! Finance]

Warby Parker Inc. (WRBY) 
Company Research Source: Yahoo! Finance
Warby Parker bounced back by 9.44 percent on Tuesday to close at $29.09 apiece, as news of strong demand for artificial intelligence glasses spilled over to its stock. At intra-day trading, Warby Parker Inc. (NYSE:WRBY) climbed to as much as $30, just $1 shy of its 52-week high of $31, following news that Meta Platforms and EssilorLuxottica are ramping up production for their AI-powered glasses by the end of the year to meet strong demand. Optimism dribbled into Warby Parker Inc. (NYSE:WRB), which is also set to unveil its own AI glasses, in partnership with Google, sometime this year. The product would incorporate multimodal AI with prescription and non-prescription lenses. Under its agreement with Google, the eyewear maker would design and develop the AI glasses, while Google would finance the product development for $75 million, alongside an optional investment in the former for another $75 million, subject to the achievement of certain milestones. In other news, Warby Par Show less Read more
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