Tech got hit with a shovel today and AVGO somehow didn't get the memo.

Tech got hit with a shovel today and AVGO somehow didn't get the memo.

META down 5.44%, sitting at 567.58. Biggest loser in the room. CRM down 4.14% at 155.02. MSFT down 3.79%, 378.91. AMZN off 3.46%, 237.50. That's four mega-caps bleeding in unison — this wasn't stock-specific, this was a sector flush.

Broadcom up 4.3% to 392.90. Earnings catalyst. Intel up 3.46% to 121.10. Relief bounce. Those two are the exceptions, not the trend.

ORCL down 2.55% at 183.53. GOOGL down 2.53% at 363.79. WMT off 2.4% at 118.13. NFLX down 2.24% at 76.96. COST down 2.14% at 965.59. TSLA down 2.05% at 396.38. The damage wasn't isolated to the top of the board — it ran deep.

SPY closed down 1.25%. QQQ down 1.01%. IWM down 0.75%. DIA down 0.99%. Broad-based. Small caps held up best, which is the one mildly interesting data point in an otherwise ugly tape.

VIX at 18.44. Not panic — but traders aren't sleeping easy either.

Gold data wasn't available today. Skip.

Nothing on the economic calendar. No Fed speakers, no data prints. This selling had no macro headline to hide behind.

After the close: ADN, AUSI, BANX, BTOG, KOAN, SKKY reporting. Small names. Watch for gap setups tomorrow if anything surprises.

The read here is straightforward — AI-adjacent tech took the brunt. MSFT, CRM, META, GOOGL, AMZN — all red, all meaningful. Meanwhile the semiconductor side split: Broadcom ripped on results, Intel caught a bid. One sector, two completely different stories.

Numbers don't lie. People do. Trade accordingly.