
Stock Movers 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.
AI Snips
Chapters
Transcript
Episode notes
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.
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.
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.
