What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflow...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Rapid7 (RPD) Rapid7’s shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 13 days ago when the stock gained 4.8% on the news that President Trump's state vi...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflow...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Dynatrace (DT) Dynatrace’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 4.7% on the news that Treasury yields cooled ...
Vlad Antonov/iStock via Getty Images Introduction When I last covered CubeSmart ( CUBE ) back in March, I reiterated this high-quality self-storage REIT's Buy rating, as the stock continued to trade at attractive levels that implied a solid dividend yield, falling at the time due to broader macro pressure and a weak Q4 report while supply headwinds were expected to slow down. Right now, I believe ...
Vlad Antonov/iStock via Getty Images Introduction When I last covered CubeSmart ( CUBE ) back in March, I reiterated this high-quality self-storage REIT's Buy rating, as the stock continued to trade at attractive levels that implied a solid dividend yield, falling at the time due to broader macro pressure and a weak Q4 report while supply headwinds were expected to slow down. Right now, I believe CUBE trades very closely to what I'd call a fair value in this environment, as the overall business quality, solid dividend, and great long-term growth potential are balanced by the broader macro pressure, leading to a downgrade to Hold. Early Signs of an Inflection CUBE's latest report was fine overall, with a slight beat on revenue and FFO in line with the market's expectations , announcing that same-store revenue growth inflected to positive, with occupancy at 89% during the quarter, with the company expecting the rest of the year to come with gradual improvements. Due to a mix of higher expenses such as labor, advertising, and even seasonal costs due to the winter, the company's same-store operating costs also grew by a significant 5.8% (in line with their expectations), with the CFO mentioning during their Q1 Earnings Call : After 4 straight years leading the industry in expense control, our expectation is for more inflationary type growth this year with some particularly tough comps early in the year leading to outsized growth in the quarter. They also announced closing on the first store as part of the $250 million joint venture with CBRE IM to invest in high-growth markets for $13.6 million (note that CUBE has 15% of the JV). CubeSmart IR In terms of quality, I'll also highlight again that the company continues to have a solid nationwide footprint and exposure to great long-term properties, with CUBE even highlighting the significantly better average 3-mile population density and median household income, while their strategic focus on submarkets with attractive demo...
(RTTNews) - Indian shares were slightly higher in early trade on Friday after reports suggested that the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz and begin negotiations over Tehran's nuclear program. The benchmark BSE Sensex was up 150 points, or 0.20 percent, at 76,019 while the broader NSE Ni...
(RTTNews) - Indian shares were slightly higher in early trade on Friday after reports suggested that the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz and begin negotiations over Tehran's nuclear program. The benchmark BSE Sensex was up 150 points, or 0.20 percent, at 76,019 while the broader NSE Nifty index edged up by 35 points, or 0.2 percent, to 23,942. Wipro rallied 2.3 percent after announcing an expanded partnership with ServiceNow to implement and scale agentic AI workflows across enterprise functions. Peers Infosys, TCS and HCL Technologies were up 2-4 percent. Tata Elxsi gained 1.1 percent after it unveiled an AI-native software development platform for healthcare and medical technology companies. Alkem Laboratories jumped 4 percent despite reporting a 23 percent year-on-year decline in its Q4 consolidated net profit. PC Jeweler soared 13 percent as it reported a 61 percent jump in Q4 consolidated net profit. GMR Airports climbed 5 percent on posting turnaround results for the fourth quarter ended March. Ashok Leyland fell 2.3 percent despite reporting its higher ever quarterly profit. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sven Piper/iStock Editorial via Getty Images SpaceX ( SPCX ) is targeting a valuation of at least $1.8T for its upcoming IPO, Bloomberg reported, citing people familiar with the matter. The target is below the more than $2T valuation reported earlier in April, reflecting feedback from advisers and prospective investors during the IPO planning process, the people said. Valuation and deal size remai...
Sven Piper/iStock Editorial via Getty Images SpaceX ( SPCX ) is targeting a valuation of at least $1.8T for its upcoming IPO, Bloomberg reported, citing people familiar with the matter. The target is below the more than $2T valuation reported earlier in April, reflecting feedback from advisers and prospective investors during the IPO planning process, the people said. Valuation and deal size remain subject to change as marketing progresses. The company is seeking to raise as much as $75B, which would make the offering the largest IPO on record, according to people familiar with the plans. Formal marketing of the IPO could begin as early as June 4, with pricing potentially taking place around June 11, Bloomberg News previously reported. However, the timetable could shift by several days. The IPO is being led by Goldman Sachs ( GS ), Morgan Stanley ( MS ), Bank of America ( BAC ), Citigroup ( C ), and JPMorgan Chase ( JPM ), alongside 18 additional underwriting banks. SpaceX, formally known as Space Exploration Technologies Corp., plans to list on Nasdaq and Nasdaq Texas under the ticker symbol SPCX. It generated $18.7B in revenue in 2025, and its IPO materials highlight the company's transformation from a space and satellite communications provider into a broader AI and infrastructure platform targeting an estimated $28.5T total addressable market. More on SpaceX SpaceX: Possibly The Most Hyped IPO Of All Time SpaceX IPO Day Preview - Musk's Trillionaire Path And S-1 Highlights The SpaceX Problem: More AI Than Aerospace Chatbot wars: OpenAI growth slows but still leads rivals in total usage, says Sensor Tower SpaceX IPO could pressure legacy defense contractors, BNP Paribas says
QUALCOMM (QCOM) is in focus after securing a high profile deal to supply millions of custom ASIC chips to ByteDance for AI data centers. This move pushed the stock to record highs. The ByteDance ASIC deal comes on top of a strong run in QUALCOMM’s share price, with a 30 day share price return of 62.19% and a year to date share price return of 40.65%, while the 1 year total shareholder return of 67...
QUALCOMM (QCOM) is in focus after securing a high profile deal to supply millions of custom ASIC chips to ByteDance for AI data centers. This move pushed the stock to record highs. The ByteDance ASIC deal comes on top of a strong run in QUALCOMM’s share price, with a 30 day share price return of 62.19% and a year to date share price return of 40.65%, while the 1 year total shareholder return of 67.85% and 3 year total shareholder return of 123.35% point to momentum that investors are now tying more directly to data center and automotive developments rather than just smartphones. If QUALCOMM’s AI push has your attention, it could be a good moment to look across the sector and scan With QUALCOMM now trading well above its stated analyst price target and intrinsic value estimate, the key question is simple: are you looking at an overheated AI story, or is the market only starting to price in future growth? Advertisement Most Popular Narrative: 18.9% Undervalued Compared with QUALCOMM's last close of $243.29, the most followed narrative sets a fair value at $300, implying a meaningful valuation gap that investors are watching closely. Qualcomm (QCOM) delivered a strong start to FY2025, posting record revenues of $11.7 billion (+18% YoY) and EPS growth of 24% YoY to $3.41. The company’s handset, automotive (+61% YoY), and IoT (+36% YoY) segments drove top-line expansion, while $2.7 billion was returned to shareholders through buybacks and dividends. Want to understand why this narrative leans toward a higher fair value? It leans heavily on segment momentum, margin strength and a richer earnings multiple. Curious which assumptions matter most for that $300 figure? The full narrative lays out the playbook in detail. Result: Fair Value of $300 (UNDERVALUED) However, there are still clear risks, including QUALCOMM’s recent share price surge outpacing its analyst target and intrinsic estimate, and a decline in annual net income growth. Another View: Our DCF Model Points The O...
Chagee Holdings Limited press release ( CHA ): Q1 Non-GAAP EPS of $0.38 beats by $0.10 . Revenue of $514.06M (+4.72% Y/Y) beats by $39.25M . As of March 31, 2026, there were 7,531 teahouses within the Company’s teahouse network in Greater China and overseas, representing a 12.7% increase in the number of teahouses as of March 31, 2025. Total GMV generated in the first quarter of 2026 was RMB7,917....
Chagee Holdings Limited press release ( CHA ): Q1 Non-GAAP EPS of $0.38 beats by $0.10 . Revenue of $514.06M (+4.72% Y/Y) beats by $39.25M . As of March 31, 2026, there were 7,531 teahouses within the Company’s teahouse network in Greater China and overseas, representing a 12.7% increase in the number of teahouses as of March 31, 2025. Total GMV generated in the first quarter of 2026 was RMB7,917.8 million. Average monthly GMV per teahouse in Greater China was RMB356,080 in the first quarter of 2026, representing a 5.5% increase from RMB337,358 in the fourth quarter of 2025. Chagee had 50.0 million active members in the first quarter of 2026, representing an 11.7% increase from the fourth quarter of 2025. Cash and cash equivalents, restricted cash, and time deposits were RMB7,146.3 million (US$1,036.0 million) as of March 31, 2026, compared to RMB7,892.4 million as of December 31, 2025. More on Chagee Holdings Limited Chagee: Burden Of Proof Is High Chagee Holdings Limited 2025 Q4 - Results - Earnings Call Presentation Chagee: A Divergence In Short-Term And Long-Term Prospects Coatue adds ASML, exits Chagee, boosts NuBank stake, among Q1 trades Chagee jumps after JPMorgan pitches the bull case
What Happened? Shares of cloud security platform Zscaler (NASDAQ:ZS) jumped 4.7% in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platfo...
What Happened? Shares of cloud security platform Zscaler (NASDAQ:ZS) jumped 4.7% in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The shares closed the day at $130.06, up 2.9% from the previous close. Is now the time to buy Zscaler? Access our full analysis report here, it’s free. What Is The Market Telling Us Zscaler’s shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock dropped 31.5% on the news that t...