Shares of Warby Parker Inc (NYSE:WRBY) jumped 15.9% to $20.38 on Tuesday afternoon after the company announced a strategic partnership with Google. The deal includes up to $150 million in total support from Google, split between an equity investment and funding for product development and commercialization.

What To Know: The collaboration aims to create AI-powered smart glasses designed for all-day wear, blending Warby Parker's signature eyewear design with Google's advanced technology and Android XR platform.

The first generation of intelligent eyewear, featuring both prescription and non-prescription lenses, is expected to launch after 2025.

Read Also: Tesla Stock Rises After Musk Reaffirms Leadership And Business Rebound

"Multimodal AI is perfectly suited for glasses," said Warby Parker Co-CEO Dave Gilboa, emphasizing the potential of wearable AI to enhance users’ daily interactions.

Co-CEO Neil Blumenthal added that the partnership reflects a shared vision of merging design, utility, and innovation to elevate everyday experiences.

Google's commitment includes $75 million toward product development and an additional $75 million in optional equity investment, contingent on milestone achievements.

Read Also: Wall Street Falls As 30-Year Treasury Flirts With 5% Yield: What’s Driving Markets Tuesday?

How To Buy WRBY Stock

By now you're likely curious about how to participate in the market for Warby Parker – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Warby Parker, which is trading at $20.38 as of publishing time, $100 would buy you 4.91 shares of stock.

According to data from Benzinga Pro, WRBY has a 52-week high of $28.68 and a 52-week low of $12.46.

Image: Shutterstock