Wearable Devices Stock Surges Over 60% on U.S. Patent Approval for Gesture-Control Technology

Shares of Wearable Devices Ltd. (WLDS) skyrocketed more than 60% on Thursday, reaching over $8 after trading NEAR $1 earlier this week. The surge follows the company's receipt of a U.S. patent for its neural interface technology that enables touch-free control of smart devices through gestures and voice commands.

The Israel-based firm's breakthrough has significant implications for both consumer electronics and enterprise applications. Its technology integrates with augmented reality glasses, VIRTUAL reality headsets, drones, and robotics systems. A previous patent for neural interface controls—translating subtle finger movements into device commands—already demonstrated potential for accessibility solutions in assistive technologies.

Market enthusiasm coincides with Wearable Devices' recent equity offering of 1 million shares. Investors appear bullish about the company's potential to disrupt human-machine interaction paradigms, though the technology remains in early adoption phases.