Snap (SNAP.US) stock surges more than nearly 25% after the social media company posted surprisingly strong quarterly results. The company which developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji earned an adjusted 10 cents per share in the latest quarter well above analysts' expectation of 1 cent per share loss. Revenue also topped market estimates. Company also reported higher-than-expected daily user metrics and issued an upbeat revenue forecast.
Snap (SNAP.US) stock launched today's session with a massive bullish price gap and reached a new all-time high at 78.70 after which price pulled back slightly towards the earlier broken upper limit of the wedge formation which now acts as the first line of support. Source: xStation5
Morning Wrap: AI Fuels the Rebound. Technology Makes a Strong Comeback
Apple is still impressive, but the market is no longer impressed
Amazon’s massive AI bet is starting to pay off
Daily Summary: Equities rally on not-so-hawkish Fed and AI trade revival, Yen dominates FX, oil retreats (30.07.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
