Tech is green across the board and AMD is leading the charge hard.
Tech is green across the board and AMD is leading the charge hard. AMD up four point nine one percent to four seventy nine. AI momentum, no catalyst needed. Netflix up two point seven seven to eighty two twenty three — streaming holding its own in a risk-on tape. Nvidia up two point one nine to two…
Transcript
Tech is green across the board and AMD is leading the charge hard.
AMD up four point nine one percent to four seventy nine. AI momentum, no catalyst needed. Netflix up two point seven seven to eighty two twenty three — streaming holding its own in a risk-on tape. Nvidia up two point one nine to two thirteen. The floor keeps rising. Meta up one point nine seven to five seventy. Ad revenue narrative still intact. Oracle up one point six two to one forty four seventy six — cloud grinding higher, slow and steady. Salesforce down one point six one to two oh five sixty nine. Enterprise software getting sold into strength elsewhere. Costco down one point one seven to nine sixty. Rotation out of defensives, plain and simple. Exxon down two point oh eight to one sixty sixty four — energy getting hit while tech rips. That spread says a lot about where risk appetite sits right now.
Futures are constructive. SPY up zero point three two. QQQ up zero point six two — Nasdaq leading, tech leading, no surprises there. VIX at fifteen point six six, calm. Gold up zero point seven seven, still a quiet bid underneath.
ETFs confirm the tone. QQQ outpacing SPY. IWM up zero point four two — small caps participating, which keeps the rally broad enough to take seriously. DIA up zero point three zero, lagging but present.
No economic calendar today. Nothing on the docket.
Earnings to watch. Best Buy reports before the open — estimate one thirty five. Watch consumer discretionary reaction. Bilibili also before the open — estimate one fifty four. Then after the close: Autodesk at three eighteen, Affirm at thirty five cents. Autodesk will be the one to watch for enterprise software sentiment, especially with Salesforce already weak. ADNH and AWF also reporting, no estimates in the feed.
Asian markets unavailable overnight.
Bottom line: tech leads, energy lags, volatility is quiet, and the tape wants to move higher into the open.
Numbers don't lie. People do. Trade accordingly.