---
title: "U.S. Stock Movement | Meta rises nearly 2% as the company reportedly invests $3.5 billion to enhance its AI smart glasses business"
description: "On Wednesday, Meta rose nearly 2%, closing at $734.34. On July 9, sources revealed that Meta spent €3 billion (approximately $3.5 billion) to acquire about 3% of the shares of EssilorLuxottica, the pa"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/247847910.md"
published_at: "2025-07-09T14:11:02.000Z"
---

# U.S. Stock Movement | Meta rises nearly 2% as the company reportedly invests $3.5 billion to enhance its AI smart glasses business

> On Wednesday, Meta rose nearly 2%, closing at $734.34. On July 9, sources revealed that Meta spent €3 billion (approximately $3.5 billion) to acquire about 3% of the shares of EssilorLuxottica, the parent company of Ray-Ban glasses, to strengthen its AI smart glasses business. The sources also disclosed that Meta is considering further increasing its stake to about 5% in the future, but this plan may still change. Meta CEO Mark Zuckerberg has stated that smart glasses will be a key vehicle for the company's development of artificial intelligence and immersive experiences

According to Zhitong Finance APP, on Wednesday, Meta (META.US) rose nearly 2%, closing at $734.34. On July 9, sources revealed that Meta spent €3 billion (approximately $3.5 billion) to acquire about 3% of the shares of EssilorLuxottica, the parent company of Ray-Ban glasses, to strengthen its AI smart glasses business. Sources also disclosed that Meta is considering further increasing its stake to about 5% in the future, but this plan may still change. Meta CEO Mark Zuckerberg has stated that smart glasses will be a key vehicle for the company's development of artificial intelligence and immersive experiences

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