Semis are dragging tech futures into the green hard — Intel is the story this morning.
Semis are dragging tech futures into the green hard — Intel is the story this morning. Intel up 10.64%, sitting at 133.99. That's not a drift — that's a catalyst. Watch for volume confirmation at the open. AMD up 4.86% to 537.37, riding the same wave. Broadcom up 4.7% to 411.35. Nvidia up 2.95% to…
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Semis are dragging tech futures into the green hard — Intel is the story this morning.
Intel up 10.64%, sitting at 133.99. That's not a drift — that's a catalyst. Watch for volume confirmation at the open. AMD up 4.86% to 537.37, riding the same wave. Broadcom up 4.7% to 411.35. Nvidia up 2.95% to 210.69 — smallest move in the group, still green. Four semis, all higher. The sector is speaking.
Amazon up 2.90% to 244.39. No single headline needed — QQQ is pulling everything with a chip or a cloud tag.
Now the red. JPMorgan down 2.47% to 325.22. Financials aren't getting the tech memo. Salesforce down 2.09% to 151.78 — odd given the tape, Salesforce usually follows QQQ up. Exxon down 2.08% to 137.81. Oil is soft, Eli Lilly down 1.21% — risk-on money is rotating hard into tech and out of defensives and commodities.
Futures: QQQ up 2.51%, SPY up 0.78%. That spread tells you exactly where the conviction lives. IWM up 1.97% — small caps joining. DIA down 0.15%, Dow barely breathing. VIX data unavailable. Asian markets unavailable overnight.
Nothing on the economic calendar today. Earnings: Carnival reports before the open, EPS estimate at 34 cents — travel, watch it. EBF also pre-market, estimate near 39 cents. BSFC reports after the close. CARV, CHI, and FRVO also on the board — FRVO expected to lose about 7 cents per share.
The macro read: Eli Lilly and gold both selling off while semis explode is a clean risk-on signal. Traders aren't hedging this morning — they're leaning in.
Numbers don't lie. People do. Trade accordingly.