Chips ran the whole show today, and if you missed the semiconductor surge, you missed the session.

Chips ran the whole show today, and if you missed the semiconductor surge, you missed the session.

Intel up 10.64%, $133.99 — biggest mover, catalyst-driven. AMD up 4.86%, $537.37 — rode the wave. Broadcom up 4.7%, $411.35 — same trade, different ticker. Nvidia up 2.95%, $210.69 — lagged its peers but still green.

Tech lifted the broader tape. Amazon up 2.9%, $244.39 — cloud bid. Meta up 1.7%, $577.22 — ad platform holding with the risk-on tone. Google up 1.17%, $368.03 — quiet but green. Then the losers: JPMorgan down 2.47%, $325.22 — financials faded. Salesforce down 2.09%, $151.78 — enterprise software unwanted. Exxon down 2.08%, $137.81 — energy sold off. Costco down 1.46%, $951.45 — consumer staples got no love. Eli Lilly down 1.21%, $1,098.57 — even the pharma darling bled.

Rotation was clean. Out of banks, oil, and defensives — into silicon.

QQQ closed up 2.51% — tech ETFs did the heavy lifting. SPY up 0.78% — broad market followed, didn't lead. IWM up 1.97% — small caps tagged along. DIA down 0.15% — Dow barely moved. VIX at 16.4 — fear is low, positioning is loose. Gold data unavailable.

Nothing on the economic calendar today. No major macro print to trade around.

Earnings on deck after the close: ADN, AUSI, BANX, BTOG, KOAN, SKKY. Small names, light volume — manage size accordingly. Asian market data was unavailable overnight.

Today belonged to semiconductors, full stop.

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