According to TheStreet's Jim Cramer, don't bet on either one occurring.
Speaking on CNBC's "Stop Trading" segment, Cramer referenced two separate M&A pieces that gave a boost to several stocks.
Wayfair stock nearly hit $87 is in Thursday's session, but closed with gains of just 0.86%, ending the day at $$85.37. Snap stock opened higher by about 1%, but turned negative and ended lower by 2.05% at $17.65 Thursday.
Wayfair, the online furniture platform, could make for a good fit with Amazon, according to Loop Capital.
For an Apple-Snap tie-up, Vanity Fair's Nick Bilton notes Apple's lack of a social media network and CEO Tim Cook's optimism toward augmented reality.
While buying Snap and building out its AR capabilities could help boost iPhone sales down the road, one could also argue that Apple probably doesn't need to buy Snap in order for this to happen.
Further, given that Apple's largest acquisition to date was about $3 billion for Beats in 2014, it's hard to see the company doling out the necessary funds to buy Snap. The social media company currently sports a market cap of $21.8 billion.
"That's not going to happen," says Cramer, who also manages the Action Alerts PLUS charitable trust portfolio.