Happy Wednesday, where the market found more green, fueled by continued ‘the war might end’ talk. The memory sector staged a ferocious single-session reversal, turning last week's TurboQuant panic into what looked a lot like a buying opportunity in hindsight.

Industrials led all sectors up +1.7% while energy was the day's only red pocket, falling -3.7% as oil pulled back on fresh ceasefire optimism ahead of the April 6 deadline. Both the U.S. and Iranian presidents seem content on ending the violence, though they need to agree on who gets to own the most important oil artery in the world. Trump speaks tonight at 9PM, catch it live on Stocktwits.

Nike was the session's most painful single-stock story, cratering -15.5% with 134,000 Stocktwits watchers tracking the collapse. The company reported earnings after the bell and the numbers were bad enough that the Allbirds inventory sell-off almost looked like a win. The consumer spending pressure and tariff costs that have been building across every discretionary category for six weeks finally hit the most visible athletic brand on the planet.

SpaceX finally filed confidentially for IPO, according to Bloomberg and other sources, and the wait is on until regular retail investors can learn more about the specifics. It may well be the largest IPO in history, valued at near $1.25T.

It’s going to be a long holiday weekend, a well-known time that Trump likes to go on golfing trips and sometimes on unhinged tweet storms. Coming up on the anniversary of Liberation Day next week, let’s hope the spring air does not halt peace talks. 👀

It’s been one year since I started writing the Daily Rip. Thank you all for reading and writing me feedback! I hope we help you make great investment decisions in Q2! 💌

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Tilray Proves the International Cannabis Trade Is Real: The cannabis company that most people wrote off as a US rescheduling story delivered its strongest quarter ever on Wednesday, April 1, with record revenue driven almost entirely by international expansion while its US craft beer business continues to be the drag nobody wants to talk about. $TLRY ( ▼ 5.1% ) the stock still fell 5%.

The RIP: Q3 FY2026 net revenue $206.7M vs. $201.4M estimate, up +11% year-over-year; gross profit $55M up +6%; international cannabis revenue up +73% year-over-year; BrewDog acquisition for approximately £40M closed after quarter end.

The EPS miss matters because the cost of turning a cannabis company into a global consumer packaged goods empire is not cheap, and the craft beer segment is dragging margins while the international cannabis segment carries the growth. Holders of $TLRY should watch Q4 for whether the BrewDog integration adds costs faster than it adds revenue, and whether US Schedule III rescheduling actually comes to be. 🌿

ZenaTech Misses on Both Lines and Nobody Is Surprised: The AI drone software company reported Q4 2025 results on Tuesday, March 31, and delivered what a $46M market cap firm has the chance to do: a miss with smaller revenue number than expected, and a loss wider than the estimate.

The RIP: Q4 2025 EPS -$0.24 vs. -$0.09 estimate; revenue $3.10M vs. $4.19M estimate; shares outstanding increased +92% in one year via dilution; 52-week range $1.82 to $7.11; current price near $2.06; market cap approximately $46M; average analyst price target $9.00, implying +258% priced-in upside.

ZenaTech is a Drone-as-a-Service and enterprise software play trying to compete in a defense drone market that is suddenly very crowded and very well funded. Retail holders should watch the April 8 earnings call for any commentary on the contract pipeline and whether the defense drone pivot is converting into actual bookings rather than press releases. 🚁

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The most recognized athletic brand on the planet reported earnings Tuesday night and the market responded Wednesday by sending $NKE ( ▼ 15.51% ) to price levels not seen since 2012, a single-session collapse that had 134,000 Stocktwits watchers flooding the board with one unified message: back up the truck.

The RIP: EPS $0.35 and revenue $11.28B beat consensus; China sales down -20%; gross margins compressed to 40.2% on North American tariff pressure; Nike Direct sales down -4%, the stock traded at 12-year lows, roughly 624 weeks of price destruction.

Stocktwits sentiment turned sharply bullish on 134,000 watchers as retail dip buyers piled in throughout the session, with traders calling it a generational buying opportunity and referencing the 2016 post-earnings dip as the comp.

The bull case is straightforward: it’s a heritage brand with a 3.66% dividend yield, sitting at 12-year lows, with a CEO who is just six months into a turnaround push. The bear case is that China is down, digital traffic is still declining, and tariffs have not peaked. Holders watching the turnaround thesis should treat the next quarter's gross margin print as the single most important number, because that is what tells you whether Elliott Hill's "direction" is translating into actual economics. 👟

Intel led the way in the chip and semi world, already rebounding from a change from fear over Google’s compression algorithm, to hope that means more chips will fly off the shelves. Intel’s news Wednesday though stole the show, it is issuing $6.5B in debt to Apollo Global Mgmt. to fundraise for an Ireland chip factory.

The TurboQuant panic that wiped billions off memory and chip stocks last week turned into one of the cleanest single-session reversals of the year Wednesday, with traders who sold the compression algorithm headline apparently deciding they had overreacted to a year-old research paper that won't ship to production for months.

The RIP: $WDC up +10%; $SNDK up +9%; $MU up +9%; $INTC up +9%; $STX up +8%; $MRVL up +8%; $CIEN up +7%; $TER up +5%; memory sector had fallen between -8% and -10% in the prior session on Google's compression announcement.

The real idea that won the day is cheaper memory per query leads to more total AI deployment, not less hardware demand. 💾

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EXCLUSIVE: The Man Who Predicted The Oil Shock, Iran Strikes Says Markets Could Fall Another 18%

INTC Stock Gains As Intel Strikes A Massive $14.2B Deal To Fuel Its AI Ambitions

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

Macro: Continuing Jobless Claims (8:30 AM ET), Exports (Feb) (8:30 AM ET), Goods Trade Balance (Feb) (8:30 AM ET), Imports (Feb) (8:30 AM ET), Atlanta Fed GDPNow (Q1) (11:30 AM ET), +1 more. 📊
Pre-Market Earnings: $AYI Acuity Brands, Inc., $ANGO Angiodynamics Inc, $APOG Apogee Enterprises Inc, $LNN Lindsay Corp. ☀️
After-Market Earnings: $GES, $HIND Vyome Holdings Inc., $AEHR Aehr Test Systems, $CRTD Creatd Inc, $RDUS Radius Recycling, +1 more. 🌙

P.S. You can listen to all of these earnings calls on Stocktwits.

🤑 SpaceX confidentially files for IPO

😨 Iran denies Trump's claim it requested ceasefire, calling it 'false and baseless'

🏠 Republican leaders announce two-track plan to end the DHS shutdown

🤖 Robotaxi companies refuse to say how often their AVs need remote help

📺 Trump threatens NATO exit, scaling up tensions with allies

👀 Supreme Court majority seems inclined to rule against Trump on birthright citizenship

Want to see some change? Email Kevin Travers feedback, follow him on Stocktwits.

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