Software Jumps, Momo Slumps, & AI Dumps Most Since 'DeepSeek'; Bonds & Bullion Bid

Tl;dr: Huang & Hegseth dominated markets today. NVDA reversing dramatically (dragging the entire AI stack lower) as software stocks squeezed higher for the 3rd day amid Anthropic tensions with DoW. Momo melted down. Oil was very choppy as traders parsed competing headlines on the status of negotiations between the US and Iran. Dollar rallied along with bonds. Crypto slipped with the tech wreck. PMs were mixed.