Semis got wrecked today and tech is split right down the middle — that's your Wednesday in one breath.

Semis got wrecked today and tech is split right down the middle — that's your Wednesday in one breath.

AMD down 8.15% to 454.62. Ugly. Intel down 5.86% to 86.30. Semis took the hit across the board — that sector had a rough afternoon and QQQ felt every bit of it.

Now the other side. Salesforce up 4.55% to 181.50. Cloud holding while chips burn. Netflix up 2.83% to 72.39. Streaming keeps grinding. UnitedHealth up 2.67% to 428.79. Defensive money moving in. Alphabet up 2.19% to 333.71. Quietly steady. Eli Lilly up 1.93% to 1,220.66. GLP-1 trade alive. Costco up 1.58% to 966.58. Consumer staples bid.

The split is real — semis down hard, everything else catching a rotation bid. That's not a healthy broad rally. That's sector rotation with a chip-shaped hole in it.

ETFs confirm the story. SPY plus 0.24% — market held. DIA up 1.08% — Dow outperformed everything. IWM up 0.16% — small caps barely there. QQQ down 0.97% — tech drag courtesy of AMD and Intel. VIX sitting at 18.21. Not panicking, not calm.

Gold data unavailable today. Skip it.

Asian markets — no data tonight. Going in blind on overnight.

Nothing on the economic calendar tomorrow. The macro story is earnings.

Speaking of — Apple reports after the close tonight. EPS estimate 1.9271. That's your number to watch. Apple moves markets. If they miss on services revenue or give soft guidance, QQQ opens ugly tomorrow. ACCO also after the close, estimate 0.272. AAMI reported before the open today, estimate was 1.0455. ABUS and ACIU both small biotech names with negative estimates — noise unless you're in the trade.

Apple is the only one that matters for broad market tomorrow morning. Watch it.

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