Software Sits Out Of The Rally… And Inflation Data Impact On Next Fed Decision 4/9/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 9 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Software stocks sitting out of today’s market move higher, as Anthropic’s latest AI model becomes the latest thorn in the group’s side. The names getting hit the hardest, and the latest developments out of the Middle East sparking today’s rally. Plus, Google and Intel expand their AI chip partnership, Disney plans layoffs under its new chief, and how today’s inflation data could impact the Fed’s next rate decision. Fast Money Disclaimer

Transcript

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0:00.0	Live for the NASDAQ market site, the heart of New York City's Times Square.
0:06.5	This is fast money.
0:07.7	Here's what's ahead.
0:09.0	No ships in the straight?
0:10.6	No problem.
0:11.9	Markets up again.
0:13.1	The S&B and NASDAQ, both on seven-day win streaks, the big themes to watch ahead.
0:18.0	But one notable group sitting out today's rally, what is Wang on software? Again,
0:24.2	we're going to dig into a sector with some hard, lock, plus Intel's quiet run, Amazon CEO making
0:31.2	the case for some big AI spend and a big booze maker popping on talk of a possible deal.
0:39.2	Hi, everybody.
0:39.8	We all might be ready for an adult beverage very soon.
0:42.7	If we're not already, I am Brian Sullivan, in from Melissa Lee,
0:45.4	live from Studio B at the NASDAQ and on your desk tonight, Tim Seymour,
0:49.5	Karen Feynman, Dan Nathan, and Guy Adami.
0:52.1	We've got another big hour ahead.
0:59.6	And we're going to bring you the news that sparked today's big midday turnaround in just a moment.
1:09.7	But we're going to actually start somewhere else tonight with a group that got a ton of focus before the war began and is back in focus again.
1:13.4	That is software. It was another slump for the group today on, you guessed it, fear that AI will kill software and others in the space. Cybersecurity
1:20.8	names are cloud fire and crowd strike among the biggest decliners. Autodes, Service Now, and Okta also
1:27.3	seeing big drops.
1:29.3	And a company we don't talk about much, it's called GitLab.
	...

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