Zaid Admani

Now, while AI has been great for CoreWeave stock, it's been terrible for software stocks.

Software stocks got crushed yesterday and continue to fall this morning, especially ServiceNow, which is down 7% after UBS downgraded the stock.

UBS says that the enterprise budget for non-AI software is getting squeezed as companies shift spending towards AI tools.

So there is no signs of the SaaSpocalypse slowing down.

Names like ServiceNow, Adobe, Salesforce, and Intuit are all down 30% this year and trading near their 52-week lows.

Let's wrap the show with a fun fact.

The NFL is under investigation by the Department of Justice.

The DOJ is looking into the NFL over potential antitrust violations, specifically around how the league handles media rights.

Basically, the government wants to know if the way the NFL sells its broadcast rights is making it more expensive for fans to watch football.

This is something that sports fans have been complaining about for years now, not just with the NFL, but also other leagues as well, where you need to have multiple streaming apps to watch all the games.

And the experience is just not great for consumers.

I mean, it's great for the leagues because they make more money, but not great for sports fans.

Now, the details around this DOJ investigation are pretty light, but if they make the experience better for sports fans, I'm all for it.

Now, the NFL did say that 87% of its games are still on free broadcast TV, so they're pushing back hard on this.

So we'll see where this investigation ends up going.

As a sports fan, though, I just wish there was like a sports super app that would have all the sports on so we wouldn't have to shuffle through all the apps to find the games we want to watch.

I think the NBA is the worst at this.

There's games on so many different apps and I can't even watch my local Houston Rockets because I have to subscribe to a cable package.

Like there's no streaming option.

It's just very frustrating for sports fans.