Zaid

Analysts are calling this the SaaSpocalypse.

We even did a deep dive on it a few weeks ago.

Now, because of the war with Iran over the last few weeks, not as many people are talking about the software sell-off, but things really haven't improved.

Many software names are trading near their lows for the year.

You know, we'll have to see the narrative changes moving forward.

Personally, I'm still pretty bullish because I don't think these big software companies like Salesforce or ServiceNow are going to be replaced by AI anytime soon.

But the market isn't willing to give these companies high multiples anymore.

Next up, let's talk about Robinhood.

Shares of the finance company fell 39% in Q1.

Robinhood came into 2026 riding a ton of momentum.

2025 was a monster year for the company with the stock jumping 200% off the back of strong growth.

Revenue for the company was up 50% last year and total assets under management grew to $324 billion, which is more than double from their 2021 levels.

But you know, Q1 was rough.

And a big reason for that is the crypto bear market.

Here's the thing about Robinhood that a lot of people don't realize.

Crypto trading is their biggest revenue driver.

Crypto generates more revenues than equities and options trading.

So when the crypto market is doing well, Robinhood tends to do well.

And when crypto is doing bad like it is right now, Robinhood tends to take a hit.

Crypto has had a brutal start to 2026.