Snap Specs, Taste, Midjourney Hardware, Lunchtime for AI Leaders

Watch on YouTube ↗  |  June 17, 2026 at 21:10  |  3:06:54  |  TBPN
Speakers
John Coogan — Co-Host, TBPN
Mark Gurman — Chief Correspondent, Bloomberg News
Eric Newcomer — Founder, Newcomer
Carter Reum — Co-founder, M13
Dr. Swami Siva Subramanian — VP of Agentic AI, AWS

Summary

TBPN covers Snap's Spectacles AR glasses and the bearish market reaction, plus Midjourney hardware and the Taste Labs AI-slop debate. Guest interviews include Eric Newcomer on media and a skeptical SpaceX valuation, Cursor/Merrill Lutsky on agentic coding and the SpaceX partnership, Carter Reum on M13's venture returns and SpaceX IPO wealth effects, AWS VP Swami on accelerating AI workload adoption, and Mark Gurman on Apple's AI, iPhone, smart home, and wearables roadmap. Key market implications are caution on Snap and Meta's display glasses, bullishness on Apple and AWS AI demand, and a live debate about SpaceX's valuation and possible acquisition currency.

  • Snap Spectacles launch is criticized for price, fit, lack of a killer use case, and weak market reaction.
  • Midjourney hardware and Taste Labs are discussed mostly as private-company stories.
  • Eric Newcomer sees SpaceX shares as psychologically driven and valuation-stretched.
  • Cursor/Graphite's Merrill Lutsky discusses Origin and the SpaceX deal closing.
  • Carter Reum highlights SpaceX as a 150x M13 venture return and expects broad IPO wealth effects.
  • AWS VP Swami reports Bedrock AI workloads surging as enterprises move to production.
  • Mark Gurman is bullish on Apple's Siri AI, iPhone pipeline, and smart home display but skeptical on Meta's HUD glasses.
  • Market news includes Fed rate-increase signals and potential SpaceX acquisition roll-up speculation.
Ideas
John Coogan Co-Host, TBPN 7:54
Snap Spectacles launch unlikely to justify investment.
Snap's $2,200 Spectacles smart glasses look misaligned with Snapchat's core user base, lack a clear killer use case, and have already drawn negative market and activist reaction with the stock down 8.5% in five days. The launch seems unlikely to get enough traction to justify further investment unless Evan Spiegel overrides normal capital discipline, even though Snap's core ads and social network business could be more profitable if run lean.
SNAP MED
Eric Newcomer Founder, Newcomer 42:19
SpaceX valuation feels like lunacy.
Newcomer says SpaceX shares feel like a psychological stock and the current enthusiasm looks like total lunacy because the valuation requires believing an insane TAM story. He thinks even buyers recognize the trade is partly about future money inflows, and he prefers to root coverage in the S-1 and the numbers.
SPCX MED
Dr. Swami Siva Subramanian VP of Agentic AI, AWS 109:24
AWS AI adoption growing explosively.
AWS Bedrock's Q1 request rate alone exceeded all previous years combined, and enterprises are moving AI workloads from proof-of-concept to production. Dr. Swami highlights adoption by GoDaddy, Southwest Airlines, and 3M as evidence that accelerating AI workload demand on AWS has no signs of slowing.
AMZN MED
Mark Gurman Chief Correspondent, Bloomberg News 134:06
New Siri AI works; most users covered.
Apple's long-delayed Siri personal-context features are now genuinely good. After using the new betas, Gurman argues that 95% of the population will not need ChatGPT on their phone because pre-installed Siri AI now works as a functional baseline for search, email, calendar, messaging, and edits, while advanced users may still subscribe to ChatGPT, Claude, or Gemini for pro-level research and analysis.
AAPL HIGH
Mark Gurman Chief Correspondent, Bloomberg News 157:30
Meta's display smart glasses are not compelling.
Gurman argues Meta's smart-glasses strategy only truly works at the non-display Ray-Ban tier powered by Luxottica. He believes the HUD/display mid-tier, including the Meta Ray-Ban displays at $800, is losing money and not compelling enough to drive purchases, while true AR glasses remain far off.
META MED
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This TBPN video, published June 17, 2026, features John Coogan, Eric Newcomer, Dr. Swami Siva Subramanian, Mark Gurman discussing SNAP, SPCX, AMZN, AAPL, META. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Coogan, Eric Newcomer, Dr. Swami Siva Subramanian, Mark Gurman  · Tickers: SNAP, SPCX, AMZN, AAPL, META