Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-06-18T13:49:30.000Z
When a company with a sub-$5 stock reveals $2,195 augmented reality glasses… The insight:Snap stock (SNAP) has had a down week following the hyped reveal of the company’s latest AR glasses. Now check out how much these glasses may have cost Snap to bring to life, according to Guggenheim analyst Michael Morris. "We estimate that the company invested about $500 million in Specs development over the past 12 months, and that net investment is likely to increase well into the commercial rollout period," he wrote in a Thursday note. "We see longer-term optionality in the ability to develop a leadership position in wearable AR technology but expect the market will approach the product with caution pending incremental details on longterm cost and demand potential," Morris added. Quick analysis:On
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.