Nearly 16 points separated the best and worst close across a 390-name watchlist, with Super Micro Computer up 9.56% to $35.58 and AT&T down 6.08% to $22. AI infrastructure and crypto-linked names took the top spots; communications and consumer took the hits.
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The downside is doing the damage at Wednesday's open: Applied Optoelectronics is off 10.13%, with Dell and SanDisk each shedding roughly 9%. The best gainer, Intuit at 5.07%, does not come close to matching it.
Booking's $197 billion in annual gross bookings is the single biggest prize if AI agents start handling trip planning and checkout, and that repricing debate is already hitting travel names.
More than $400B in bookings are spent each year across the leading OTAs. Booking: $197 billion Expedia: $127 billion Airbnb: $100 billion How will AI agents change this? $BKNG $EXPE $ABNB https://t.co/hDpMVywwwT
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Mad Money w/ Jim Cramer 9/29/26
- Cramer says the 30-year Treasury yield is the highest in 24 years, with over 40% of S&P 500 names in a bear market
- Public backlash against AI and data centers is the new narrative risk that could make October ugly
- Goldman Sachs called the most beaten-down of a caller's bank ideas alongside Capital One and BNY Mellon
- Interviews with Meta's Dina Powell McCormick on its AI agent Muse and BWX Technologies on its new long-term strategy
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
Travel took the worst of Wednesday's close, with Expedia down 7.72% and Airbnb close behind at 7.56%. Software ran the other way: Palo Alto Networks led all gainers at 4.87%, with Palantir back near $192.
A 6.8% intraday drop is an outsized single-session move for this travel name, and it lands the same day the company announced a landmark deal. Traders are reading that deal as a cost to the business.
NuScale Power closed 16.8% higher at $11.33, the widest single-name gain across our 111-stock priority list. At the other end, GoPro lost 15%, with Expedia, Shopify, Astera Labs and Baidu all down 7% or more.
A 7.3% intraday slide takes roughly $2.3 billion off the travel booking name's market value in a single session. Moves this size are rare for it, and it is happening in regular trading hours. Keep an eye on where it settles into the close.
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