Aug 13, 2026 · 8 min
Workday jumps as AI expectations reshape stock winners
Workday Soars, Applied Materials Slumps, Tapestry Slides
The episode shows how takeover speculation, demanding AI valuations, and uneven forecasts are driving sharp moves across software, semiconductors, and luxury retail.
- 1Workday surged on reports of potential acquisition talks with private equity firm Silver Lake.
- 2Applied Materials beat quarterly expectations, but high AI-related expectations weighed on its stock reaction.
- 3Tapestry fell after issuing fiscal 2027 forecasts for a portfolio that includes Coach and Kate Spade.
Don't miss
Workday’s extraordinary one-day surge after reports of possible Silver Lake acquisition talks captures the episode’s central tension between rumor and valuation.
The brief
Avalon Purnell joins Carol Massar to examine a record market day, where sharp moves reveal how quickly expectations can outweigh headline results.
Applied Materials beat quarterly expectations, yet its shares fell as investors judged the outlook against elevated hopes for AI-related stocks; Cerebras also enters the discussion.
Workday posted its best one-day leap in more than a decade after reports of possible acquisition talks with Silver Lake, raising broader questions for SaaS companies adapting to AI.
Tapestry slid after issuing fiscal 2027 forecasts, putting renewed focus on the outlook for its brand portfolio, including Coach and Kate Spade.
The episode closes with a brief look at DoorDash’s drone delivery initiatives, extending the market discussion from software and chips into emerging logistics technology.
What was said on this episode
9 statements · 5 positive · 4 negative
Limited upside in earnings or guidance causes investors to hesitate.
“if it doesn't have a lot of upside, it's giving a lot of investors pause.”
Listen at 1:53
Workday has been significantly harmed by the SaaS downturn.
“They've been a major victim of the SaaS apocalypse.”
Listen at 2:49
Many SaaS companies have suffered substantial market declines.
“a lot of these companies have been beat up”
Listen at 3:48
Successfully transforming a company may provide a viable path forward.
“if you come somehow can make the trans. Maybe that is right. A formula for going forward.”
Listen at 3:57
Tapestry shares have risen substantially because of popularity among younger shoppers.
“Tapestry has really been seeing a large pop in shares given that popularity amongst Gen Z and millennial shoppers.”
Listen at 4:36
DoorDash’s drone initiative is intended to reduce delivery times.
“as a way of cutting delivery times”
Listen at 6:20
DoorDash is expanding robotics to reduce reliance on human couriers.
“The effort marks an expansion of DoorDash's in house robotics efforts to reduce reliance on human couriers for some orders”
Listen at 6:31
Human courier wages are a major expense for DoorDash.
“their wages constitute a key expense to the business”
Listen at 6:39
DoorDash drones can reduce delivery times for orders from remote locations.
“Drones are also a way for DoorDash to cut delivery times on orders from more remote locations”
Listen at 6:41
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Applied MaterialsListen to the full episode and explore every guest, topic, and moment on PodLume.