These 10 Firms Just Beat the Market Today

4. Warby Parker Inc. (WRBY)

Warby Parker Inc. saw its share prices surge by 15.63 percent on Tuesday to close at $20.34 apiece as investor sentiment was buoyed by news that it secured a $75-million investment from technology giant Google, in line with plans to jointly develop Artificial Intelligence-powered glasses.

In a statement, Warby Parker Inc. (WRBY) said that Google committed to investing the said amount in the company at its option, subject to reaching certain collaboration milestones. Additionally, it secured another $75 million to fund expenses needed for product development and commercialization.

Upon completion, Warby Parker Inc. (WRBY) said they intend to officially launch the smart glasses to the market after this year.

“We believe multimodal AI is perfectly suited for glasses, enabling real-time context and intelligence to augment a wearer’s surroundings as they move through the world. We couldn’t be more excited to be partnering with Google to bring together the best of AI and the best of eyewear,” said Warby Parker Inc. (WRBY) co-founder and co-CEO Dave Gilboa.