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DraftKings, Expedia Sink; Applied Materials Surges

Feb 13, 2026
Stocks swing on big tech and travel headlines. DraftKings tumbles after a weak multi-year sales and profit forecast. Expedia sinks amid fears AI could upend online booking platforms. Applied Materials soars on a strong sales outlook tied to AI and memory chip equipment demand.
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INSIGHT

Prediction Markets Threaten Betting Incumbents

  • Prediction markets pose a real competitive threat to traditional sports-betting platforms like DraftKings.
  • Tim Stenovec and Carol Massar note regulators and product scope shape whether prediction markets cannibalize incumbents.
INSIGHT

Forecast Miss Sparks Large DKNG Drop

  • DraftKings reported a 2026 revenue forecast that missed Wall Street expectations and sent the stock sharply lower.
  • Carol Massar highlights investors' concern about prediction markets and regulatory uncertainty amplifying the sell-off.
INSIGHT

AI Fears Hammer Online Travel Stocks

  • AI tools that plan travel create an existential worry for online travel agents like Expedia.
  • Carol Massar and Tim Stenovec say AI has introduced a sector-wide 'AI scare' that hit EXPE despite strong earnings.
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