Semis are running the table this morning and the QQQ is up 1.7% before the bell even rings.

Semis are running the table this morning and the QQQ is up 1.7% before the bell even rings.

QQQ plus 1.7%. SPY plus 0.78%. IWM plus 0.49%. DIA barely breathing at plus 0.14%. Small caps and the Dow are tagging along. This is a tech-led morning, full stop.

VIX sitting at 16.67. Market isn't scared. Gold up half a percent — mild hedge, nothing dramatic.

Asian markets unavailable overnight. Trading blind on that front. Nothing scheduled on the economic calendar today. Clean macro tape.

Now the stocks.

AMD up 7.68% at 580.91. That's your headline. Semis catching a serious bid and AMD is leading the charge. INTC up 6.01% at 139.63 — Intel tagging right behind, sector momentum carrying it. Nvidia up 2.63% at 200.09, quieter than its peers but still green.

AAPL up 2.7% at 289.36. Not a semi but benefiting from the same risk-on tone. TSLA up 2.13% at 420.6 — moving with the tape, nothing stock-specific visible.

Now the red.

NFLX down 3.23% at 71.4. That's a real divergence on a green morning — watch it. LLY down 2.48% at 1199.43. Pharma selling off while everything else rallies is a rotation signal worth noting. BAC down 1.55% at 56.98. Financials soft, DIA confirms it — banks are not participating today.

MSFT up 1.21%, Broadcom up 1.42%, GOOGL up 1% — the rest of big tech is green but orderly. No fireworks there, just confirmation the bid is broad across the sector.

COST and WMT both off over 1%. Consumer staples fading on a risk-on day — money is moving toward growth, not safety.

On earnings: before the open, LNN reports with an EPS estimate of 1.22. PKE estimates at 0.14. BABB and EACO also reporting, no estimates posted. After the close, BSET estimates 0.20, CULP is projecting a loss at negative 0.11. None of these are market movers, but they're on the tape.

Bottom line — this is a semi-driven, tech-heavy setup. The divergences in NFLX, LLY, and BAC on an otherwise green morning are the only wrinkles worth watching.

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