Happy Friday! 10 tech giants lost over $500 billion on Thursday in a move that rattled Wall Street. Read on for the full breakdown and see what catalyst is behind the sudden meltdown.

Plus, this legendary hedge fund ramped up stakes in Netflix, Lam Research and ServiceNow. Discover what other stocks they’ve been adding and the ones they’ve sold — the answer may surprise you.

Also, if you’re looking for an investment in electrified aviation and the future of regional air travel, check out today’s sponsor.

Note: The U.S. stock market will be closed Monday in observance of Presidents Day. As a result, there will be no edition of the newsletter. We’ll be back with more market insights and news on Tuesday.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

$500 Billion Wiped Out: The Latest Catalyst Behind Tech’s Sudden Meltdown

Wall Street's tech unwind accelerated Thursday, erasing more than $500 billion in market cap just across 10 heavyweight names.

The speed and breadth of the selloff raised eyebrows across trading desks, especially with so many notable megacaps tumbling.

The concern on Wall Street isn’t just the selloff, but what it may be signaling about the road ahead. Read on for all the insights and full breakdown to help protect your portfolio.

Upgrading Regional Flights With AI, Electrified Aircraft And Surf Air Mobility

Surf Air Mobility Inc. (SRFM), the company looking to revolutionize regional air travel with AI and electrified aircraft, recently invested over $22 million into its Hawaii business to further that effort.

It makes sense. It's a segment of the mobility market in need of attention. Despite the fact that the majority of the U.S. population lives within 30 minutes of a regional airport, the software and infrastructure serving the market are outdated. It's the reason the market is projected to exceed $100 billion by 2035, according to Grand View Research.

SRFM said Hawaii is the perfect place to bring electric aviation to market because flights are short, and the company plans to demonstrate prowess across the entire value chain from software to the planes utilizing it.

Learn all about this innovator here.

This is a paid ad sponsored by Surf Air Mobility Inc. Please see 17b disclosure here for more information.

Yesterday: U.S. indexes closed lower Thursday as concerns over artificial intelligence disruption weighed on the market again, particularly in real estate, trucking, and software sectors. All of the “Magnificent Seven” tech giants ended in the red, with Cisco plunging 12% on weak guidance and Apple falling 5% — marking its worst single-day decline since April 2025. In after-hours trading, semiconductor giant Applied Materials soared, while Pinterest tanked. Investors now await today’s release of the January consumer price index (CPI), which is expected to show a 2.5% year-over-year increase and a 0.3% monthly rise.

On Our Radar: Analysts will be paying attention to today’s U.S. consumer price index for clues on inflation pressure, while also monitoring the Baker Hughes rig count for insights into oil and gas activity. With regards to earnings, all eyes will be on Medtronic (MDT), and Labcorp (LH) which will report before the market opens on Tuesday.

Shares of Crocs (CROX) and Cognex (CGNX) were soaring more than 20% on the day, while AppLovin (APP), Cisco (CSCO), and Robinhood (HOOD) were among the day’s top laggards. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Thursday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Speed Bump: The EV boom may be hitting a speed bump. Read on to see which regions are in the slow lane, the fast lane, and which ones are stuck in neutral.

War Chest: Defense stocks have doubled in the past year — but is the rally just getting started or about to peak? Click to see if this is a long-term upcycle or a short-term surge.

Old School: While AI dominates the news, the ‘old economy’ stocks are coming back into the spotlight. Goldman Sachs warns that investors ignoring these “old” sectors could be missing the next big wave.

Fastly & Furious: Fastly is racing ahead — up 90% after hours — and the numbers are leaving Wall Street in the dust. See what’s behind the surge and how high could shares go?

Stocks Of The Day: Shares of Lyft just hit a key level many traders are watching. Discover why some investors are already lining up to buy before the next move.

Who Did Nancy Pelosi Spend Millions On In January?

A new government disclosure just revealed a multi-million-dollar position in a dividend-paying investment management company. That shift away from high-growth technology is the kind of signal traders want to see before the market reacts. Track congressional trades in real time with Benzinga Pro, now 50% off for President’s Day. 

On This Day In 1981…

Rupert Murdoch completed his acquisition of The Times and The Sunday Times, a deal that strengthened his growing global media empire. He would go on to become a United States citizen in 1985 to meet FCC ownership rules and soon after launched the Fox Broadcasting Company, breaking up the long-standing dominance of the “Big 3” networks (CBS, ABC, NBC). Fox would go on to become the top cable news show over the past two decades and still holds that position today.

QUOTE OF THE DAY

“When you’re investing, always look at the downside before looking at the upside.“

— Ray Dalio

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