Here's your afternoon TNB Tech Minute for Friday, April 10th. I'm Julie Chang for the Wall Street Journal.

Snap's augmented reality glasses subsidiary, Spex, has entered a multi-year partnership with Qualcomm Technologies.

Spex's upcoming glasses will run using Qualcomm's Snapdragon system on a chip, with both companies collaborating on

integrating on device AI, advanced graphics, and other features. Qualcomm CEO Cristiano Amon

said the integration aims to deliver agentic experiences into daily life. Qualcomm powered the precursors

to specs. The partnership signals that Snap CEO Evan Spiegel is committed to the AR Glasses business,

despite an activist investor's request to shudder or divest from specs.

Palantir stock paired some of its losses today after President Trump praised the data analytics company on Truth Social.

Trump wrote this morning that the company has,

quote, proven to have great warfighting capabilities and equipment. Just ask our enemies. Palantir

had fallen over 7% yesterday and was down another nearly 6% in morning trading before the post.

It was recently sitting about 2% lower. The company has been plagued by

fears that newer AI technology will leave it behind, despite reporting record revenue in the fourth quarter.

And shares of European semiconductor companies rose after TSM posted better than expected

revenue for the first quarter. TSM is the world-largest contract chipmaker and a than expected revenue for the first quarter.

TSMC is the world-largest contract chipmaker and a bell weather for the industry and AI demand. It reported a revenue increase of over 35% from the first quarter of 2025, beating

forecasts. Shares of Dutch semiconductor equipment maker, ASML holding, and small arrival ASM international are both up over 2%.

German shipmaker Infinidian Technologies is up about 1%.

And ST Microelectronics shares are up about 3.7%.

And that's your TMB Tech Minutes. Check back in the morning for another quick tech update.