It integrates various visual components for next-generation smart glasses, addressing challenges in the fragmented smart glasses market.This news comes during a day when the broader technology sector is also performing well, with the Technology Select Sector SPDR Fund (NYSE:XLK) gaining about 1.38%.Unveils SENZ Platform For AI Smart GlassesApplied Materials has launched SENZ, an integrated ambient visual platform designed for AI-powered smart glasses, combining waveguide optics, light engine, and other technologies into a single system.This innovation aims to streamline manufacturing processes and enhance product design flexibility, which could significantly reduce time-to-market for brand partners.Apart from this, to strengthen its foothold in the smart glasses market, Applied Materials signed a deal with a major eyewear company, too. Partnership With EssilorLuxottica On Tuesday, the company penned a long-term joint development agreement with EssilorLuxottica to advance next-generation intelligent optical systems for AR and AI-powered smart eyewear.The partnership brings together EssilorLuxottica's leadership in lenses, frames, and eyewear with Applied Materials' expertise in materials engineering and waveguide technology to develop scalable optical platforms for lightweight, high-performance visual experiences in future computing devices.AMAT Technical Outlook: Momentum And Key Chart LevelsThe stock's recent performance reflects strong momentum, with shares currently trading at $592.84, significantly above key moving averages. The 20-day simple moving average (SMA) is at $483.11, placing the stock approximately 26% above this level, indicating a bullish trend. The relative strength index (RSI) is at 70.72, suggesting the stock is in overbought territory, which may indicate a potential pullback in the near term.