Jason Lemkin

The media, if you just read in the last 30 days, it's great.

The media, if you just read in the last 30 days, it's great.

Depending on what basket you use, I have a slightly more optimistic basket, but my basket of cloud stocks, software stocks is up 5% this year after today when we record this, another great day, right, in this run.

Depending on what basket you use, I have a slightly more optimistic basket, but my basket of cloud stocks, software stocks is up 5% this year after today when we record this, another great day, right, in this run.

But NASDAQ's up 21%, and I think semis are in the triple digits are close.

But NASDAQ's up 21%, and I think semis are in the triple digits are close.

So great that the overcorrection is over, but the fundamental concerns are all there, right?

So great that the overcorrection is over, but the fundamental concerns are all there, right?

I think our only learning is that there was a, I never understood the total panic of the spocalypse.

I think our only learning is that there was a, I never understood the total panic of the spocalypse.

It couldn't all be vibe coding, right?

It couldn't all be vibe coding, right?

notwithstanding Harry's show where they all want a vibe code, they're all serum.

notwithstanding Harry's show where they all want a vibe code, they're all serum.

It didn't make sense.

It didn't make sense.

But the meta issues of seat contractions, of the fact that AI software spend, according to Gartner, will be up 60% this year.

But the meta issues of seat contractions, of the fact that AI software spend, according to Gartner, will be up 60% this year.

So that means it's got to be cut somewhere else.

So that means it's got to be cut somewhere else.