Chips are running the table this morning, and the rest of tech better keep up.

Chips are running the table this morning, and the rest of tech better keep up.

Futures first. SPY up 1.13%. QQQ leading at 1.73%. VIX sitting at 15.36 — fear is quiet. Gold adding 0.36%. Risk is on.

ETFs confirm it. QQQ up 1.73%. IWM up 0.53%. DIA up 0.61%. Growth is outpacing everything else this morning.

Now the stocks.

Intel up 7.67% to 108.80. That's the biggest move on the board and it's not close. Something structural shifted overnight — watch it.

AMD up 6.36% to 545.09. Chips are coordinated. Intel and AMD moving together like this isn't random.

Oracle up 5.19% to 150.59. Cloud numbers keep printing and the market keeps rewarding it.

Salesforce down 3.07% to 242.85. Only red name on the list. Diverging hard from the rest of enterprise software — that spread is worth watching.

Nvidia up 2.54% to 219.34. Still moving, just not leading today. Intel and AMD are stealing the headline.

Broadcom up 2.29% to 347.30. Quiet and steady. Semi infrastructure doing its job.

Tesla up 2.27% to 366.20. No catalyst, just momentum.

Amazon up 2.13% to 251.19. Broad risk-on lift, cloud tailwind from Oracle doesn't hurt.

Microsoft up 1.52% to 497.75. Steady with the rest of the mega-cap bid — nothing to chase, nothing to fade.

Apple up 1.38% to 337. Riding the risk-on wave, not leading it.

Meta up 1.34% to 682.31. Mega-cap participation is broad this morning — this isn't a one-stock rally.

Netflix down 1.44% to 75.31. Consumer discretionary sitting out while growth names run. Worth noting alongside the Salesforce weakness — two different pockets of selling in an otherwise green tape.

Semiconductor sector is the story today, full stop. Intel's move alone would make this a notable session — paired with AMD and Broadcom, it's a sector-wide push.

Economic calendar is empty. Nothing scheduled. Price action is driving this, not data.

Earnings today: AMEN, BIOQ, and UPXI reporting. UPXI consensus EPS at negative 12 cents. Small caps, low visibility — not moving the macro needle.

Asian markets data unavailable this morning — flying blind on the overnight international read, so lean harder on the futures for your directional signal.

Bottom line: tech is set up for a strong open, chips are leading, and the two outliers are Salesforce and Netflix. Watch that divergence.

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