EssilorLuxottica falls as competition from Google on AI glasses heats up
Shares in EssilorLuxottica ESLX.PA fall 4.6%, trailing at the bottom of France's benchmark CAC 40 .FCHI index, as traders point to competition from Alphabet's GOOGL.O Google heating up
Google plans to launch artificial intelligence-powered glasses in 2026 with Warby Parker WRBY.N
The initiative includes two types of AI devices: one with an in-lens display and another offering screen-free assistance, similar to products from Meta and EssilorLuxottica
Still, the threat is not new, and EssilorLuxottica and Meta are not resting on their laurels, says Cedric Rossi, analyst at Stifel
If losses hold, EssilorLuxottica will post their biggest daily drop since May 23, wiping more than 6 billion euros ($6.99 billion) off its market value
($1 = 0.8588 euros)
Related Articles
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026
TradingKey - Amid escalating global economic uncertainty, gold is experiencing its best performance since 1979, achieving its largest increase in 46 years. As 2025 draws to a close, major Wall Street institutions have confirmed gold's status as the best safe-haven asset, with a consensus forming tha
TradingKey 2025 Markets Recap & Outlook | Bitcoin Price Repeatedly Hits New Highs, 2026 Can BTC Write Another Legend?
Multiple tailwinds in 2025 propelled Bitcoin to new highs, but many of these positives have already been priced in. In 2026, Bitcoin faces challenges such as liquidity tightening, as well as regulatory and monetary policy uncertainties. Wall Street is divided on Bitcoin's future outlook, with target
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2026 amid Post‑Easing Recovery and Diverging Paths
TradingKey - In 2025, major global central banks will largely maintain an accommodative stance, but the policy pace will decelerate notably. As the easing cycle draws to a close, how will global monetary policy evolve?
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
