Avis Budget collapsed 38% in its worst session since 1993.

CAR fell from an intraday high of $848 to $547 in a single session, shedding over $300 per share as the short squeeze that fueled its parabolic rise violently reversed. The same speculative momentum that pushed the stock to extreme valuations became the mechanism of its destruction. With the squeeze likely exhausted, the stock now faces further downside risk as fundamentals reassert themselves.

AI infrastructure chipmakers surged while legacy tech faced skepticism.

Texas Instruments posted $1.55 billion in Q1 profit and guided Q2 revenue above expectations on data center analog chip demand, while TSMC jumped 5.28% after announcing a new Arizona packaging plant and a manufacturing breakthrough that shrinks chips without requiring new ASML equipment. IBM fell 1.44% despite beating Q1 estimates on both revenue and profit, as investors questioned whether AI erodes rather than enhances its consulting and software business. Intel slipped 1.54% with no specific catalyst, leaving it without a clear narrative as competitors define the AI hardware buildout.

Southwest and Tesla absorbed policy and cost headwinds this quarter.

LUV missed Q1 revenue and earnings estimates and guided Q2 profit below expectations, citing higher fuel costs as a structural near-term drag with no quick resolution. Tesla beat earnings expectations after the bell but missed on revenue, with the expiration of U.S. EV tax credits weighing on demand. A genuine bright spot emerged in TSLA's record 1.28 million Full Self-Driving subscriptions, offering a credible software monetization story to offset the top-line pressure.