Why Warby Parker Stock Raced 16% Higher on AI News Tuesday
Many investors were seeing vast potential in Warby Parker (NYSE: WRBY) on Tuesday. Collectively, they bid the eyeglass specialist's share price up by 16% on the day, thanks to news of its tie-up with a top name in the tech sector. That performance was particularly impressive, given that the S&P 500 (SNPINDEX: ^GSPC) ended up in the red, falling 0.4% during the trading session. That tech company is none other than Google owner Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Warby Parker revealed in a press release that it is teaming with Google to develop a line of advanced eyeglasses that harness artificial intelligence (AI) technology. These products would be suitable for everyday use. Image source: Getty Images.Continue reading
Many investors were seeing vast potential in Warby Parker (NYSE: WRBY) on Tuesday. Collectively, they bid the eyeglass specialist's share price up by 16% on the day, thanks to news of its tie-up with a top name in the tech sector. That performance was particularly impressive, given that the S&P 500 (SNPINDEX: ^GSPC) ended up in the red, falling 0.4% during the trading session.
That tech company is none other than Google owner Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Warby Parker revealed in a press release that it is teaming with Google to develop a line of advanced eyeglasses that harness artificial intelligence (AI) technology. These products would be suitable for everyday use.
Image source: Getty Images.
