Episode Details

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Warm-Up
- Another good month - investors are giddy
- Oil - CRITICALLY LOW inventory (Inside Baseball)
- Fed governor admits inflation is hard to control
- A major name says they are reducing stocks - but are they really?
- Announcing the Winner of the CTP for Salesforce

Markets
- Huge reversal in Software stocks
- A few names on the move - and moving BIG!
- SpaceX IPO - could drain markets
- More AI valuations through the roof

Pizza Mouth !

Reversal
- Software stocks bounced this week on strong results from Snowflake and Okta, which both recorded their best days on record.
- The results signal that investors may have been too quick to declare the end of software with the emergence of artificial intelligence.
- Even as AI displaces certain tools and job functions, many software companies continue to show growth, assisted by their own AI products.
- The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001.
- With this month’s rally, the iShares software ETF is only down 3.8% for the year, still badly trailing the Nasdaq, which has gained 18% in 2026.

Snowflake
- Amazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company’s custom silicon and chips for artificial intelligence.
- Snowflake’s purchase of services and technology from Amazon Web Services will occur over five years, according to a press release about the agreement.
- Snowflake intends to expand its use of Amazon’s Graviton general-purpose chips, as well as cloud-based graphics processi