Chips got demolished today while energy and pharma quietly printed green — that's the split tape in one sentence.

Chips got demolished today while energy and pharma quietly printed green — that's the split tape in one sentence.

Intel down 9.66% to 110.39. Ugly. AMD down 6.51% to 516.11, dragged into the same hole. Semiconductors had a rough Wednesday — full stop.

Tesla down 4.02% to 402.90. No single catalyst, just pressure.

Now the other side. Exxon up 3.85% to 141.69 — energy finding buyers while tech bleeds. Eli Lilly up 2.96% to 1,235.56, weight-loss trade still has legs. Meta up 2.55% to 615.58, quiet strength. UnitedHealth up 2.44% to 428.19, defensives catching a bid. Salesforce up 2.34% to 169.52, software holding its ground while chips burned.

Futures: SPY off 0.48%, QQQ off 1.85%. That gap between the two tells you exactly where the pain was concentrated — Nasdaq heavy. VIX sitting at 16.13, not screaming panic, but not relaxed either. Gold data unavailable tonight.

ETFs confirm the damage map. QQQ down 1.85%, IWM down 0.91%, DIA down just 0.31%. Large-cap tech absorbed the hit. Small caps felt it. Dow barely moved. Classic rotation session.

Asian overnight data unavailable. Nothing from the economic calendar today — no Fed speakers, no data prints. Clean macro tape. The moves were purely stock-driven.

Earnings on deck: Byrn reports before the open, EPS estimate negative 11.99 cents. CCEL reports before the open, estimate at zero. EDUC after the close. CBFC, CIBH, CNBB also on the calendar — no estimates posted on those.

One gap in tonight's coverage: Broadcom slipped 0.83% and Oracle dropped 1.5% — both names worth watching when the chip tape is already this raw. Nvidia, Amazon, and Walmart all had modest moves but held positive. That's the full picture.

Light earnings slate, no macro triggers scheduled. Tomorrow's direction lives or dies on whether that chip selloff was a flush or just the start.

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