Author: Daniel snow

Smart Ray-Ban Glasses, on June 16, 2024, in Caen, Normandy, France. Nurphoto | Getty ImagesShares of Ray-Ban maker EssilorLuxottica rose over 5% on Wednesday on reports that Meta has taken a minority stake in the company amid growing appetite for AI-powered wearable devices.Meta reportedly bought a stake worth around 3 billion euros ($3.51 billion) in EssilorLuxottica at the current market price and is considering further investments that could expand its share to 5%, Bloomberg reported Tuesday, citing unnamed sources familiar with the matter.Meta declined to comment when contacted by CNBC while EssilorLuxottica did not immediately respond.EssilorLuxottica shares were up 5.3%…

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