Innovative Eyewear (LUCY:NSD) shares increased by more than 100 percent during today’s trading session, following the introduction of its new app, Lucyd. The application enables a voice interface for ChatGPT on smart eyewear and other devices like AirPods. Users can now pose queries to ChatGPT via their microphones and receive responses via their headphones or speakers.
LUCY Stock Analysis:
The impact of this news on LUCY stock over the past five days has been considerable, with shares experiencing a downward trend until today’s announcement pushed them up by more than 140% relative to yesterday’s closing price. Consequently, investors who held LUCY stock during this time period have gained more than 126%.
Innovative Eyewear, Inc. develops and sells smart eyeglasses and sunglasses. The company’s flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free.
It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice. The company sells its products through various e-commerce and retail distribution channels.
Innovative Eyewear, Inc. has a license agreement with Lucyd Ltd. The company was incorporated in 2019 and is headquartered in North Miami, Florida. Innovative Eyewear, Inc. operates as a subsidiary of Lucyd Ltd.