Snap Shares Up 1% After Qualcomm Deal

Snap Inc. shares rose about 1% after announcing a multi‑year strategic partnership with Qualcomm to power its upcoming Specs smart‑glasses.
The partnership will use Qualcomm’s Snapdragon XR platforms, delivering on‑device AI, low‑power computing and advanced graphics for the new eyewear.
Snap’s subsidiary Specs aims to launch consumer‑focused, see‑through glasses later in 2026, building on over five years of prior collaboration.
CEOs Evan Spiegel (Snap) and Cristiano Amon (Qualcomm) highlighted the deal’s role in advancing context‑aware, multi‑user digital experiences.