PARIS, April 23 -- Shares in EssilorLuxottica, the world's top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses.

The French-Italian company has pushed hard into wearable tech and has a tie-up with Meta for its Ray-Ban AI glasses.

The nearly five per cent drop in morning trading in Paris, whose overall market was up 0.1 per cent, came despite the company posting Wednesday evening a 4.1 per cent increase in first quarter sales to €7.1 billion (US$8.3 billion; RM32.9 billion).

EssilorLuxottica did not provide a breakdown of AI glasses, but said they supported growth and the launch of Ray-Ban Meta's new optical-first styles had been a success.

EssilorLuxottica's foray into "AI glasses i...