Semis are running the show this morning and if you slept through pre-market, you've got catching up to do.
Semis are running the show this morning and if you slept through pre-market, you've got catching up to do. QQQ futures up 3.4%. SPY up 1.8%. VIX sitting at 16.66 — fear is cooling. Gold up 3.7%, which means someone somewhere is still hedging hard. Broad market is green across the board. IWM up…
Transcript
Semis are running the show this morning and if you slept through pre-market, you've got catching up to do.
QQQ futures up 3.4%. SPY up 1.8%. VIX sitting at 16.66 — fear is cooling. Gold up 3.7%, which means someone somewhere is still hedging hard. Broad market is green across the board. IWM up 1.85%. DIA up 1.73%. Tech is leading the charge.
Asian markets — no data available. We're flying blind on overnight context.
Now the stocks.
Intel up 10.84% to 100.86. That's the lead. Whatever catalyst hit, the market bought it hard. AMD up 7% to 518.58 — semis moving in a pack. Broadcom up 6.61% to 418.16, same trade. These three together are not a coincidence — this is a sector rotation or a macro catalyst lifting chips wholesale.
Nvidia up 2.56% to 211.94. Smaller move than peers, worth noting. Oracle up 2.74% to 145.74. Salesforce up 2.71% to 190.99. Enterprise software catching a bid quietly.
Amazon down 2.32% to 277.42. Only red name on the board. Everything else is green and Amazon is fading — that's a divergence you track.
Apple up 1.96% to 309.38. Steady, not spectacular. Tesla up 1.64% to 327.35. JPMorgan up 1.38% to 357.52. Google up 1.11% — financials and mega-cap tech tagging along for the ride.
UnitedHealth down 1.88% to 407.55. Two names bleeding in a green tape — Amazon and UnitedHealth. Different sectors, same signal: not everything is buying this rally.
Nothing on the economic calendar today. No Fed speakers, no data drops. Price action runs clean.
After the close watch ABNB — consensus expects 1.28 EPS. That's a high bar. Also on the AMC docket: ABX at 0.24 EPS est and AAOI at essentially zero. ACDC reports before the open with a projected loss of 0.30 — already priced for pain.
Bottom line: semis are the story. Intel leading a chip rally with AMD and Broadcom right behind it. Amazon and UnitedHealth the lone holdouts in a green tape. No macro events to disrupt flow. Earnings tonight could reset sentiment depending on ABNB.
Numbers don't lie. People do. Trade accordingly.