EssilorLuxottica Doubles Down on AI Glasses Lead

Dow Jones09-24

1132 GMT - EssilorLuxottica's new smart eyewear launches with Meta are a sign of confidence in growth opportunities and the group's ability to maintain leadership in the category, Equita SIM's Domenico Ghilotti says. The companies will launch new lines and models featuring artificial intelligence and intend to expand the category into other markets. "[EssilorLuxottica's] commercial response to the market's fears related to the growth opportunities of the category and the growing competition seems very clear and strong," the analyst writes in a research note. Shares in EssilorLuxottica are down 2%.

 

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