Market Performance

• S&P 500: 6,881 ⬆️ 0.56%

• Nasdaq: 22,753 ⬇️ 0.78%

• Dow Jones: 49,662 ⬆️ 0.28%

It’s time to take a closer look.

AI disruption is real. But not every software company is equally exposed.

In the recent selloff, investors appear to have punished entire business models — rather than separating structural risk from temporary fear.

After falling 41%, 49% and 30% respectively from their recent highs, Veeva, ServiceNow and Autodesk now trade at levels that look far more reasonable relative to their fundamentals.

Veeva sits at the core of life sciences compliance and regulated data workflows, where switching costs are high and validation requirements are strict. This is not a business being displaced — it’s one AI is more likely to strengthen than replace. VEEV trades at just 22x forward earning with analyst consensus seeing 76% upside.

ServiceNow is the control tower for enterprise workflows — the layer AI agents plug into, not replace. At just 25x forward earnings, this looks less like a company being structurally disrupted and more like one being repriced by AI fear.

Autodesk sits at the core of global design and engineering workflows — where AI can accelerate modeling, but still depends on structured CAD and compliance systems. At just 22x forward earnings, the stock is priced more like a cyclical tool vendor than a mission-critical platform benefiting from AI enhancement.

Our Takeaway

These companies are not being disrupted — they are being stress-tested by narrative.
And when structurally embedded, high-margin platforms sell off alongside genuinely vulnerable SaaS names, attractive entry levels can emerge.

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Market Overview 📈

U.S. equity markets trended higher, with the Nasdaq leading gains as investors maintained a selective appetite for high-growth technology sectors.

In the energy markets, WTI crude oil surged over 3% to surpass $65 per barrel, fueled by heightened geopolitical tensions in the Middle East and stalling negotiations between the U.S. and Iran.

Meanwhile, the digital asset space faced a distinct "risk-off" mood, with Bitcoin sliding more than 2% to trade below $67,000 amid a rotation of capital back into traditional equities. This divergence highlighted a session where traders prioritized established tech-driven growth over more speculative assets like crypto.

Finally, the broader market entered a holding pattern late in the day as investors parsed the newly released FOMC minutes for clues on the potential for interest rate cuts this spring..

Stock Moves Deciphered 💥

🚀 Garmin (GRMN)

Garmin's stock is up today because the company delivered a "double beat" in its Q4 2025 earnings report, reporting record revenue of $2.12 billion and earnings per share of $2.79—both significantly higher than Wall Street expected.

Investor enthusiasm is further fueled by an aggressive 2026 outlook that projects $7.9 billion in revenue, far outstripping previous analyst forecasts.

Finally, management signaled extreme confidence in its financial health by announcing a 17% dividend increase and a fresh $500 million share buyback program.

🏥 Micron (MU)

Micron Technology (MU) stock was up roughly 5% as investors shrug off initial concerns regarding a massive $50 billion factory expansion in Idaho to focus on the company's dominant position in the AI memory market.

The rally is being driven by the announcement that Micron has entered volume production for its next-generation HBM4 memory a full quarter ahead of schedule, with its entire 2026 production capacity already 100% sold out.

Further boosting confidence, recent filings revealed that major institutional investors, including David Tepper’s Appaloosa hedge fund, significantly increased their stakes in the company, signaling a strong "buy the dip" sentiment following recent volatility.

⌗ Fiserv (FISV)

Fiserv rose 7% following reports that activist investor Jana Partners has built a significant stake in the company to push for management changes.

The unexpected leadership change—with no detailed succession plan announced—raised serious questions about internal stability and strategic direction during a critical recovery period for the cruise industry.

Explore our stock screener to identify undervalued stocks trading at a discount right now >>>

Headlines You Can't Miss 👀

🤝 Nvidia (NVDA and Meta Platforms (META) announced a massive AI infrastructure partnership. The deal involves Meta deploying millions of Nvidia chips for its next-generation data centers. It sent Nvidia shares up over 2%. This news has shifted the market narrative back toward "AI optimism" after a week of jitters regarding the actual return on investment for AI spending.

🏦 Kenvue (KVUE): Shares of the consumer health giant rose 2.5% after reporting a Q4 earnings beat and providing details on its pending $48.7 billion merger with Kimberly-Clark.

💊 Moderna (MRNA) climbed nearly 6% after the FDA accepted its application for a new seasonal flu vaccine for review, signaling a potential expansion beyond its COVID-19 portfolio.

📈 Palantir (PLTR) reaches new heights with shares jumping over 5% following a major analyst upgrade to "Outperform" with a $195 price target, citing the company's accelerating commercial AI revenue.

🏗️ Nordson Corporation (NDSN) boosts guidance. The industrial technology firm reported record Q1 results and hiked its full-year outlook, driven by strong demand for its semiconductor manufacturing equipment.

Trending Stocks 📊

⬆️ Global Payments (GPN)

After completing the acquisition of Worldpay, the company announced a gargantuan share repurchase authorization of $2.5 billion.

💻 Cadence Design Systems (CDNS)

Cadence Design Systems jumped 9.1% after posting record revenue and profit that crushed analyst expectations.

🚘 Genuine Parts (GPC)

Genuine Parts was the day’s biggest laggard, plunging 14.6% after a massive earnings miss and weak 2026 guidance.

Key market and macro news 👇

🏦 Federal Reserve officials signaled renewed worries over inflation with several policymakers suggesting the central bank may need to raise interest rates if inflation stays above their goal.

🛢️US-Iran Tensions: WTI crude oil surged 4.5% to over $65 a barrel after the U.S. signaled that "all military options" remain on the table despite ongoing nuclear negotiations in Geneva.

🤝 US-Japan Trade Deal: Japan committed to a massive $36 billion investment in U.S. critical minerals and energy facilities, the first tranche of a promised $550 billion pledge under a newly finalized trade agreement.

🤔 Record Global Uncertainty: The World Uncertainty Index hit an all-time high today, surpassing levels seen during the 9/11 attacks and the COVID-19 pandemic, primarily driven by extreme trade policy volatility.

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DISCLAIMER: None of this is financial advice. The newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please exercise caution and conduct your own research.