Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight. Unstoppable Intel, the semi-giant, hitting another all-time high today.

It's now nearly doubled in just the past month. Can the run continue? And what chip name would be the trader's bet on now?

We'll break down the action in reading the pulse of the retail trader with markets near records, but volatility is still high.

We'll find out how investors are positioning themselves now and what it says about stocks, next move.

Plus, the OIH trading near eight-year highs, dominoes fails to deliver on time.

And a downgrade for GE-Vernova, why one animal says the red-hot AI energy play might have gotten ahead of itself. I'm Melissa Lee, coming to you live from studio at the Nazak on the desk tonight. Tim Seymour, Steve Grasso, Dan Nathan, and Guy Adami. We start off with all the moves and chipmakers today. The SOX semi-ETF, I should say index, taking a breather, after 18 straight days of games, ending its longest ever winning street,

thanks in large part to Marvell, AMD, and Broadcom, but it is still pacing for its best month on record,

up 37% so far in April.

24 of the index's 30 stocks have hit 52-week highs or better in the past week.

And that includes Intel, which closed at a record again today.

Those shares have nearly doubled just this month and in the two days since its earnings report.

On Thursday, the longtime laggard has soared 30 percent. Invita, by the way, also closing at

records. It has gained almost a trillion dollars in market value this month alone

is now solidly back above the $5 trillion mark again. Memory makers also surging led by Micron

and Sandisk, those names ripping to fresh highs after Mellius research initiated both with a

buy rating citing high demand through the end of the decade. So what should we make of these

staggering moves higher? Can they continue? Would you continue to bet on them, Guy? Momentum is a powerful thing. And listen, I would have said sell Intel $30 ago, and I probably did. So here we are at all-time highs, trading it. I don't know, if you want to be generous 80 times this year's numbers now, you can say, you know what,

guy, they're going to have 45% EPS growth. Yeah, that's true, but less than 10% revenue growth. Margin's okay. You're making the bet that they're able to sort of transition from the CPU side of things to the GPU side of things or vice versa. And I think that's what the market is saying. And they're also saying, you know what, we're not going to make the same mistake in Intel that we made with Micron and Sandus, understanding it's entirely different, betting on momentum to continue. But you're in the deep end of the pool here for sure. Yeah. You're skeptical, too, last week. I was. I remain skeptical. I mean, what we're involved in is a full-on mania. I mean, make no mistake about it, and there's a lot of money to be made in a mania,

and you know, you hear that term, I was. I remain skeptical. I mean, what we're involved in, there's a full-on mania. I mean, make

no mistake about it. And there's a lot of money to be made in a mania. And, you know, you hear that term bubble all the time. This is a bubble. If it's a mania, it's a bubble. And, you know, at some point it's going to burst. And, you know, they say, you know, let your profits run and take your losses kind of quickly. And if you keep doing that, you keep raising stops, even if it's just a

mental sort of thing. There's a lot of money that has been made. I just don't know when you have a parabolic move like that based on fundamentals that were pretty well aware of, you know? And Guy was just talking about Intel. I mean, you know, this is a company that is expected to earn one, I don't know, $110 this year. And last time it was trading above 70 was in 2021 when it had $5.50 in earnings, you know, and just when you think about that, it's pretty astounding. And then you go over to Nvidia, which was the clear winner over the last three and a half years or so. It was in the doghouse for about seven months or so, and all of a sudden, it's gained

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