April 13, 2026 · Market Brief

Pre-Market · April 13, 2026

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The market is embracing a tech-led rally fueled by AI infrastructure momentum, with semiconductor and software stocks dominating overnight gains. ORCL (+12.0%) and SNDK (+11.0%) led the charge on AI tools and index inclusion tailwinds, while design software names CDNS (+7.8%), SNPS (+6.1%), and ARM (+5.1%) rallied on expanded AI partnerships with Nvidia. Enterprise software benefited from "buy the dip" calls—NOW, WDAY, and CRWD all gained 6%+—and fintech benefited from PayPal's Canva partnership (+5.6%) and FIS's prediction market clearing product (+6.4%). The lone casualty was FAST (-6.8%), which fell despite beating sales despite meeting earnings, signaling that margin concerns override headline beats.

Recommendation

Buy the semiconductor-AI nexus (CDNS, SNPS, ARM) and oversold enterprise software on weakness (NOW, WDAY), but trim ORCL and SNDK after 12% and 11% overnight surges—momentum-driven index flows may reverse. Avoid FAST and watch financial services for rotation exhaustion; while KKR, BX, and ARES rallied, redemption pressures and valuation resets remain structural headwinds. Position into quality defensive names (FICO +8.2%) only if geopolitical concerns persist.

Indices & ETFs

SPY$683.71

▲ 0.63%

7D ▲ 3.8%30D ▲ 3.2%6M ▲ 3.1%

QQQ$615.24

▲ 0.68%

7D ▲ 4.5%30D ▲ 3.6%6M ▲ 2.2%

TQQQ$50.17

▲ 2.04%

7D ▲ 13.8%30D ▲ 9.2%6M ▼ 2.8%

SOXL$79.74

▲ 4.39%

7D ▲ 45.5%30D ▲ 57.2%6M ▲ 103.7%

SPX$6860.82

▲ 0.64%

7D ▲ 3.8%30D ▲ 3.4%6M ▲ 3.1%

Top Movers25 movers

ORCLOracle Corporation▲ 12.0%

Oracle surged 12% today as investors embraced its new AI tools for utilities amid broader tech sector enthusiasm.

Price

$138.09 → $154.60

Mkt Cap

$444.8B

P/E

27.8x

▲ 6.2%

30D

▼ 0.3%

▼ 49.8%

SNDKSandisk Corporation▲ 11.0%

Sandisk surged 11% today after being added to the Nasdaq-100 index, benefiting from strong AI data-center demand.

Price

$851.77 → $945.49

Mkt Cap

$139.5B

P/E

N/A

▲ 30.5%

30D

▲ 42.9%

▲ 602.4%

FICOFair Isaac Corporation▲ 8.2%

FICO likely surged 8.2% today as investors rotated into defensive financial services stocks amid geopolitical tensions and inflation concerns driving broader market uncertainty.

Price

$922.37 → $997.68

Mkt Cap

$23.7B

P/E

36.9x

▼ 8.8%

30D

▼ 11.8%

▼ 39.5%

CDNSCadence Design Systems, Inc.▲ 7.8%

Cadence expanded its agentic AI collaboration with Nvidia, launching new semiconductor design solutions for Grace CPUs and Blackwell GPUs.

Price

$265.66 → $286.28

Mkt Cap

$79.1B

P/E

70.5x

▲ 2.5%

30D

▼ 0.3%

▼ 13.8%

FASTFastenal Company▼ 6.8%

Fastenal's stock declined despite meeting earnings estimates and beating sales forecasts, suggesting investor disappointment with forward guidance or margin concerns.

Price

$49.17 → $45.85

Mkt Cap

$52.6B

P/E

42.1x

▼ 0.1%

30D

▲ 0.8%

▲ 8.3%

FDSFactSet Research Systems Inc.▲ 6.7%

FactSet's 6.7% gain likely reflects short-covering rally activity amid recent valuation reset concerns and AI competition worries.

Price

$211.60 → $225.85

Mkt Cap

$8.4B

P/E

14.5x

▼ 2.2%

30D

▲ 9.8%

▼ 21.0%

KKRKKR & Co. Inc.▲ 6.7%

KKR rose 6.7% likely due to broad financial sector strength, though redemption pressures in its credit funds remain a concern.

Price

$91.22 → $97.30

Mkt Cap

$90.1B

P/E

41.6x

▲ 6.9%

30D

▲ 13.2%

▼ 19.2%

NOWServiceNow, Inc.▲ 6.6%

ServiceNow rallied 6.6% as oversold SaaS stocks recovered amid analyst calls to "buy the dip," with Wedbush noting recent sell-offs were disconnected from AI monetization opportunities.

Price

$83.00 → $88.50

Mkt Cap

$92.6B

P/E

53.0x

▼ 13.6%

30D

▼ 22.1%

▼ 52.1%

TEAMAtlassian Corporation▲ 6.5%

Atlassian was removed from the Nasdaq-100 index to make room for Sandisk, triggering automatic selling pressure from index funds.

Price

$57.15 → $60.88

Mkt Cap

$16.1B

P/E

N/A

▼ 10.6%

30D

▼ 19.0%

▼ 59.2%

WDAYWorkday, Inc.▲ 6.5%

Workday likely rose 6.5% today as investors reassessed the stock after recent declines, with the OnePay partnership demonstrating AI-driven expansion into financial wellness technology.

Price

$112.50 → $119.79

Mkt Cap

$31.5B

P/E

46.3x

▼ 7.7%

30D

▼ 10.0%

▼ 49.4%

ITGartner, Inc.▲ 6.5%

Gartner rose 6.5% likely due to strong AI chip demand signals from TSMC's 35% Q1 revenue growth, boosting tech advisory demand.

Price

$143.72 → $153.01

Mkt Cap

$11.0B

P/E

15.9x

▼ 1.8%

30D

▼ 8.2%

▼ 37.6%

FISFidelity National Information Services, Inc.▲ 6.4%

FIS surged 6.4% likely due to investor optimism over its new clearing product for regulated prediction markets and renewed analyst attention as a undervalued fintech turnaround opportunity.

Price

$43.37 → $46.15

Mkt Cap

$23.9B

P/E

63.2x

▼ 1.1%

30D

▼ 7.2%

▼ 31.4%

ALBAlbemarle Corporation▲ 6.1%

Albemarle surged 6.1% as lithium price rebound and anticipated triple-digit EPS growth drive investor optimism ahead of Q1 earnings.

Price

$173.64 → $184.31

Mkt Cap

$21.7B

P/E

N/A

▲ 6.5%

30D

▲ 16.5%

▲ 91.3%

SNPSSynopsys, Inc.▲ 6.1%

Synopsys expanded its embedded security and AI capabilities through a strategic OmniTrust partnership, addressing market demand for earlier vulnerability detection in automotive and industrial applications.

Price

$392.24 → $416.11

Mkt Cap

$79.7B

P/E

63.9x

▲ 4.8%

30D

▲ 0.8%

▼ 7.1%

ACNAccenture plc▲ 6.0%

UBS analyst reaffirmed Buy rating with $320 price target, citing federal contract wins strengthening Accenture's long-term growth visibility.

Price

$179.53 → $190.23

Mkt Cap

$117.1B

P/E

15.6x

▼ 4.4%

30D

▼ 3.3%

▼ 21.9%

CRWDCrowdStrike Holdings, Inc.▲ 5.9%

Wedbush identified cybersecurity as a "buy the dip" opportunity amid tech volatility, with CrowdStrike highlighted as a top AI cybersecurity winner.

Price

$379.02 → $401.32

Mkt Cap

$101.8B

P/E

N/A

▲ 0.7%

30D

▼ 9.2%

▼ 21.1%

PYPLPayPal Holdings, Inc.▲ 5.6%

PayPal's integration of Payment Links into Canva's 265 million users enables seamless in-app checkout, expanding its commerce reach significantly.

Price

$45.24 → $47.78

Mkt Cap

$44.0B

P/E

8.8x

▲ 5.0%

30D

▲ 6.4%

▼ 30.6%

ARESAres Management Corporation▲ 5.6%

ARES rallied 5.6% likely due to strong AI-driven credit demand offsetting broader financial sector weakness and BDC redemption concerns.

Price

$100.46 → $106.07

Mkt Cap

$35.1B

P/E

62.1x

▲ 3.2%

30D

▲ 4.2%

▼ 26.1%

BXBlackstone Inc.▲ 5.5%

Oppenheimer upgraded Blackstone to Outperform, citing attractive valuation after recent weakness and its premier franchise position.

Price

$114.83 → $121.20

Mkt Cap

$148.2B

P/E

31.3x

▲ 8.0%

30D

▲ 13.5%

▼ 23.4%

DELLDell Technologies Inc.▲ 5.5%

Dell surged 5.5% on speculation that Nvidia is negotiating to acquire a major PC manufacturer, potentially reshaping the industry landscape.

Price

$177.80 → $187.51

Mkt Cap

$124.4B

P/E

21.6x

▲ 8.3%

30D

▲ 23.7%

▲ 22.2%

APPAppLovin Corporation▲ 5.4%

Wall Street's bullish outlook with 88% Buy ratings and strong insider ownership drove AppLovin's 5.4% gain amid robust market conditions.

Price

$391.38 → $412.65

Mkt Cap

$139.6B

P/E

41.1x

▼ 0.0%

30D

▼ 10.0%

▼ 30.1%

TTDThe Trade Desk, Inc.▲ 5.3%

Trade Desk gained on strengthening Joint Business Plans momentum, which now represent over half its business, despite recent analyst concerns and competitor AppLovin's competitive threats.

Price

$20.09 → $21.16

Mkt Cap

$10.1B

P/E

23.5x

▼ 4.7%

30D

▼ 22.6%

▼ 58.7%

CVNACarvana Co.▲ 5.1%

JPMorgan's maintained Overweight rating despite cutting price targets likely sparked modest buying, offsetting earlier bearish sentiment from Bank of America's downgrade.

Price

$336.31 → $353.51

Mkt Cap

$77.8B

P/E

41.8x

▲ 11.6%

30D

▲ 17.8%

▲ 4.5%

ARMArm Holdings plc▲ 5.1%

ARM's new AGI CPU for large-scale AI workloads and expanding partner ecosystem are driving investor optimism about significant revenue growth opportunities.

Price

$148.93 → $156.51

Mkt Cap

$166.2B

P/E

211.5x

▲ 5.2%

30D

▲ 35.2%

▼ 9.0%

APOApollo Global Management, Inc.▲ 5.0%

Apollo Global Management's 5.0% gain likely reflects investor enthusiasm over its strategic investments in high-growth sectors like AI chips through SiFive and aviation leasing expansion.

Price

$104.28 → $109.54

Mkt Cap

$63.6B

P/E

19.8x

▲ 3.2%

30D

▲ 4.9%

▼ 10.5%

All Reports

Updated 12:31 PM · Apr 13, 2026