$SNAP

Snap unveiled its SPECS AR glasses, priced at $2,195 with preorders starting with a $200 deposit. The glasses allow users to interact with digital windows in their environment. Early impressions highlight the potential of spatial computing, but questions remain about battery life, app selection, and productivity use. Shipping is expected to begin in fall 2026.

A German court ruled that Snap Group Limited, the company behind Snapchat, cannot use My AI chatbot data for ads without legal basis, nor use pre-ticked boxes for consent, nor default to alcohol/gambling ads for minors. Violations could incur fines up to 250,000 euros per breach. The ruling is provisionally enforceable, with Snap facing potential penalties and costs.

Tech companies are launching AI-powered gadgets, including Meta's Muse Charm and Microsoft's access badge. Analyst Dan Ives expects significant investment in AI consumer products. Meta also announced AI glasses and a camera-free option, while OpenAI plans a smart speaker.

Snap is set to release Snap Specs, smart glasses with spatial computing capabilities, powered by two Snapdragon processors. The specs feature a bright LCoS display, gesture controls, and a retail price of $2,195. Snap aims to compete with Meta's smart glasses, offering apps for various tasks, including augmented reality experiences.

Snap's new Specs AR glasses, priced at $2,195, feature a conspicuous design to address privacy concerns. They offer augmented reality capabilities, including a see-through display and AI assistance, using dual Qualcomm Snapdragon processors. Snap aims to produce around 100,000 units initially, targeting early adopters and developers.

EU Commission President Ursula von der Leyen proposed the EU Kids Act, restricting social media access for under 13s and requiring platforms to prove age-appropriate safety. The proposal is under review by the European Parliament and Council. Affected companies include Meta Platforms, Alphabet, Pinterest, Reddit, and Snap.

Nasdaq and S&P 500 futures declined early Thursday due to elevated Treasury yields and anticipation of the Trump-Xi meeting. The 10-year Treasury yield hit a 20-year high, increasing Fed rate hike expectations. Meta (META) shares fell over 1% after announcing new VR glasses and AI devices, while Unity (U) rose 5%. Alphabet (GOOGL) is in focus with its Gemini 4 AI model launch. Snap (SNAP) shares dropped nearly 2% due to competition from Meta's smart glasses.

Snap Inc. (SNAP) stock fell 6% Wednesday amid broader market declines and investor scrutiny of its AR hardware push. The company announced enterprise partnerships for its SPECS glasses with NVIDIA (NVDA), Salesforce (CRM), and Amazon (AMZN) via AWS, positioning the device as a workplace tool. Snap shares were trading at $5.27 at the time of publication.

Snap (SNAP) launched SPECS Intelligence, an AI service across iPhone, Mac, and AR glasses. The stock has risen 24.06% over 90 days but is down 33.25% over 1 year and 92.45% over 5 years. Analysts estimate fair value at $7.33, higher than the current $5.62 share price, despite ongoing net losses of $311.24m. Snap's focus on AR and AI aims to boost revenue and margins.

Snap reported Q2 revenue growth of 19% YoY to $1.6B, with adjusted EBITDA rising 505% to $249.62M. Its valuation is lower than peers, with a forward P/E of 9.21x. Analysts have mixed views, with a consensus 'Moderate Buy' rating and a $7.55 price target, suggesting 31% upside.