August 14, 2024 – The burgeoning market for AI glasses and VR technology has seen a notable surge in stock prices, with prominent technology giants such as Meta, Apple, and Google making significant moves in this emerging field.
As of today, stocks related to AI glasses and VR concepts have experienced substantial gains. Dr. Glasses (300622.SZ) has surged by 20%, marking a remarkable increase of over 100% since late July. Shuobei (300322.SZ) and Mingyue Lens (301101.SZ) have also seen notable rises of 20% and 16.5%, respectively. Additionally, Yidao Information (001314.SZ) climbed 10%, Zoyi Technology (002369.SZ) grew by 9.91%, and Jiahe Intelligent (300793.SZ) rose by 8.71%. Other companies, including Longqi Technology (603341.SH) and Changying Precision (300115.SZ), also experienced gains of over 7% and 3%, respectively.
The gaming sector mirrored this positive trend, with Caesar Culture (002425.SZ) up by 10%, Gigabit (603444.SH) rising 8.11%, and Kunlun Wanwei (300418.SZ) increasing by 7.75%.
This surge in stock values comes as major tech companies seek to capitalize on the saturation of the smartphone market by exploring new computing platforms. The rapid advancements in generative AI and mixed reality (MR) technologies have positioned AI glasses and smart glasses as the next big opportunity in tech innovation.
Meta is making significant strides in this area. Historically, smart glasses have been a niche market plagued by issues related to weight, cost, and performance. However, Meta’s recent collaboration with Ray-Ban led to the release of the second generation Meta Ray-Ban glasses last September. Weighing under 50 grams and starting at $299, these glasses feature enhanced chips, storage, cameras, and battery life. They also introduced AI functionalities earlier this year. Analysts predict that Meta Ray-Ban could sell up to 2 million units this year, signaling its potential to become a major success.
At the SIGGRAPH conference, Meta CEO Mark Zuckerberg forecasted that smart glasses would become the “mobile version” of the next generation of computing platforms, with Meta set to launch AR smart glasses by the end of 2024.
Apple, a leader in consumer electronics, made headlines last June with its Vision Pro MR headset. Although the Vision Pro impressed with its advanced technology, its high price point deterred many potential buyers. Apple columnist Mark Gurman recently disclosed that Apple is working on several smart glasses prototypes, including a more affordable Vision Pro model expected next year. This news has fueled investor enthusiasm for MR and smart glasses concepts.
Huafu Securities’ research report emphasizes that smart glasses are poised to become the ideal platform for AI Agents. Apple’s involvement, alongside Meta’s Ray-Ban, highlights the growing significance of AI glasses. The development trajectory is expected to evolve from “AI voice glasses” to “AI smart glasses” with cameras, and eventually to “AI+AR glasses,” which could achieve substantial market penetration.
Industry experts note that smart glasses offer a superior platform for AI compared to traditional smartphones, transitioning from a 2D to a 3D experience. All smartphone functions could eventually be replicated by smart glasses, providing a more immersive and interactive interface.
The AI glasses market is anticipated to experience explosive growth, with IDC forecasting a 101% increase in shipments in China for 2024, bolstering industry confidence.
Google is also intensifying its efforts in the AR space. The company recently restructured its AR team to accelerate smart glasses development. On August 13, Google showcased its latest products, including the Pixel 9 series and the Pixel 9 Pro Fold, at a new product launch event. The company introduced the Gemini Advanced subscription with Pro series phones and unveiled Pixel Studio, a text-to-image software. Google’s competitive edge in AI has sparked concern among analysts regarding Apple’s position, suggesting that the race among tech giants in AI glasses and smart glasses will continue, presenting investment opportunities across the industry and benefiting domestic suppliers.
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