Skip to playerSkip to main content
  • 6 minutes ago
Snap shares fell as investors weighed risk-off market pressure and the company’s push into $2,195 enterprise augmented-reality glasses through partnerships with Nvidia, Salesforce and Amazon Web Services.

Category

🗞
News
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Snap shares fell nearly 6% Wednesday as broader risk-off pressure weighed on growth stocks
00:07and investors assessed the company's push into high-priced augmented reality hardware,
00:11according to Benzinga. The company announced partnerships with NVIDIA,
00:15Salesforce, and Amazon Web Services to bring its $2,195 Spex glasses into enterprise workflows.
00:22Snap is positioning Spex as a new computer rather than a traditional consumer smart glasses product.
00:27The company plans to use NVIDIA's XRAI technology to support AI agents that process live camera and microphone inputs.
00:35The technology can interpret a worker's surroundings and provide real-time guidance.
00:39Shares were down 6.14% to $5.27 at the time of publication on Wednesday, according to Benzinga Prodata.
00:50For all things money, visit Benzinga.com.

Recommended