Snap’s 30% Surge Leads Positive CE 100 Index’s Momentum

All pillars in the CE 100 Index posted gains for the week, as earnings spurred broad-based rallies.

Snap was up 30.1%, helping drive the Communications pillar up by 12.5%.

Snap Leads the Pack

As reported last week, Evan Spiegel, CEO, said that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.”  The remarks were made during the company’s earnings call, and management noted that, per presentation materials, 70%...