Tech
Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom
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Shares in Ray-Ban maker EssilorLuxottica rose 14% to hit an all-time high on Friday, adding nearly $20 billion in market value as investor enthusiasm for its AI-powered Ray-Ban Meta glasses gathered momentum.
The Paris-listed group, founded by late Italian entrepreneur Leonardo Del Vecchio and a possible contender in the race to buy fashion group Armani, reported on Thursday
The results beat expectations and marked the company’s best quarterly performance ever amid strong demand for wearable products such as the smart glasses it has been developing…
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