Neil Freiman

And then when we're talking about OpenAI, Sam Altman, the CEO there, has been far more direct in how rough things are going to get than NVIDIA, which has adopted this strange defensive position.

He did tell employees that Google's surge could create some temporary economic headwinds for our company.

And in a sign of how the vibes have shifted, remember a few months ago when OpenAI would ink a deal with any company and that company's share price would surge significantly?

10, 20, 30%.

Think back to Oracle when they announced a deal and Oracle popped 30%.

Well, now instead of being a kingmaker, OpenAI is now an albatross around all these companies next that are doing business with it or investing in it.

SoftBank, which is the huge Japanese investor, fell to a two-month low.

Its share price dropped 9.9% on Monday and 10.8% on Tuesday.

And that's because

It is about to own 11% of OpenAI and investors are fleeing OpenAI right now.

And we also have to talk about Oracle, which has lost $400 billion in market value since its peak over the summer.

It announced that it had this massive revenue backlog of $317 billion, which investors were like, that is insane.

We love you.

They sent shares up 30% that particular day.

The Wall Street Journal later revealed that $300 billion of that $317 billion was invested

in a deal with OpenAI, and now Oracle has come crashing down as investors get a little skittish about what Sam Altman is up to.

Yeah, definitely a little confusing, definitely some mixed messages, but I'm going to take the glass half full approach here because there were a lot of warning signs that people were pulling back on spending.

We had some companies say that in earnings earlier this earnings season, but yesterday

Most of these companies did really well.

Best Buy, Abercrombie, Dick's, Kohl's all improved their guidance, which is surprising given all of the news headlines we've been hearing.