Jeff Lawson

Yeah, I think what it really shows here is that kind of everyone's at risk, right?

Investors have been so quick to punish the shares of companies that might be in the crosshairs here of any new innovation or disruption from AI.

And it really marks kind of a shift or sort of two truths that are happening in the market right now.

One, this fear of an AI bubble and sort of overspending and that the technology won't live up to the hype.

And then on the flip side,

that the technology, it's here and it's really good and it's going to disrupt entire parts of the market.

So we're seeing these little pockets sell off on these new things that are coming out.

And investors are really just trying to see what's next.

Yeah, so some of the ones that were most impacted yesterday, you know, Charles Schwab was one, Raymond James, LPL Financial.

But then we've also seen, you know, some stocks across Europe also get hit.

Not, you know, super high profile, I think, for some of us here in the U.S.

But, you know, last week it was things, you know, Intuit saw a little bit of a sell-off.

Also tax, you know, programming.

Just really all over, sort of across the board, insurers, hedge funds.

you know, had a little bit of a sell-off as well.

So it's a very broad range of stocks that we're seeing here get hit.

And there is not, there's not an easy way to really think about what could be next.

Carmen Reinecke, she's going to be writing what's next.

We so appreciate it.

For more on the software sell-off, but still the demand for hardware, we're joined by Ankur Crawford, EVP, Portfolio Manager over at Aljo.