AI Software + Macro Report Card

Welcome to LazyListen. This is The Daily Rip for today. Stocks pulled back from record highs Wednesday as rising oil prices and stubbornly high bond yields weighed on the market.

Geopolitical tensions flared after Iranian strikes hit Kuwait, damaging an airport and casting doubt on ceasefire hopes. -Iran friction, adding to inflation worries already stoked by the Trump administration’s new tariff proposals. I.

and software earnings, with mixed results shaking up some of the hottest names in tech. Let’s start with the macro picture. The market’s retreat came as oil prices surged on fresh Middle East conflict risks, pushing energy stocks higher but raising concerns about inflation and economic growth.

Meanwhile, Treasury yields remained elevated, keeping pressure on growth stocks and tech multiples. Adding fuel to the inflation debate, the Trump administration unveiled a revamped Section 301 tariff plan targeting Chinese imports, signaling a tougher trade stance that could complicate supply chains and pricing. The Fed’s Beige Book also kept inflation in focus, noting ongoing price pressures across industries.

-related report of the day. The semiconductor and infrastructure software giant beat earnings estimates with adjusted profit of two dollars and forty-four cents per share, slightly above expectations. -related sales more than doubling to nearly eleven billion dollars.

I. I. chip market.

Despite these solid numbers, Broadcom’s stock slipped nearly five percent after hours. The reason? Software revenue missed estimates, and after a huge run-up this year, investors showed less tolerance for anything short of perfection.

I. remains a powerful growth driver, but investors are becoming more discerning about valuation and execution. I.

ai, where the tape was less forgiving. CrowdStrike reported results that disappointed investors, sending its stock down ten percent after hours despite announcing a four-for-one stock split. ServiceNow also fell about ten percent as software stocks broadly sold off.

ai’s shares slipped slightly amid leadership changes and restructuring news, keeping short-squeeze bulls cautious. I. and cybersecurity, they’re no longer willing to pay premium multiples without clear proof of sustained growth and profitability.

ai remains the purest “prove it” name in the group, still needing to demonstrate consistent execution. Shifting gears, a notable SPAC merger is in the works for BOXABL, a company aiming to revolutionize homebuilding with factory-made, foldable houses that ship anywhere and unpack in about an hour. , with the combined company expected to trade on Nasdaq under the ticker BXBL around mid-June.

The SPAC has raised over two hundred thirty million dollars from more than sixty thousand investors since 2020, highlighting strong retail interest. While the concept is innovative, investors should be mindful of the typical SPAC risks, including regulatory hurdles and liquidity concerns. This deal is one to watch for those interested in disruptive housing technologies, but it remains a speculative play at this stage.

Looking at other movers, energy names like Texas Pacific Land surged nearly ten percent, boosted by the oil price spike and strong Permian Basin royalty prospects. S. Department of Health and Human Services, reviving optimism around its pipeline.

I. valuation multiples hit chip leaders. Strategy stock dropped seven percent following its first Bitcoin sale, rattling crypto bulls.

IBM shares declined seven percent after a brief quantum computing rally reversed. I. optics valuations cooled off.

Looking ahead to Thursday, keep an eye on initial jobless claims data due at twelve thirty Eastern, which will provide fresh insight into the labor market’s health. Fed Governor Mary Daly is scheduled to speak late afternoon, and her comments could influence expectations around monetary policy. On the earnings front, pre-market reports include FuelCell Energy, Ciena, Pyxus International, and Orion Energy Systems.

After the close, watch for results from Lululemon, DocuSign, Planet Labs, Advent Technologies, Rubrik, and several others, which could set the tone for tech and consumer sectors heading into the weekend. -driven earnings narratives and broader macro headwinds from inflation, geopolitics, and rising yields. Investors remain bullish on the company's long-term potential but are demanding more concrete proof in quarterly results.

Energy and healthcare sectors showed strength amid geopolitical and vaccine-related developments, while some high-flying tech names faced profit-taking. Keep an eye on tomorrow’s economic data and earnings to gauge whether this cautious tone persists or if the market finds fresh momentum. That’s the market recap for today.

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