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

Here's what's on tap tonight.

A high flyer flop from big tech to the AI leaders to crypto, some of the year's biggest

outperformers coming back down to Earth today.

What the sell-up tells us about how to play the moves.

And a strong foundation builders Builders bucking the

broad market fade as housing starts surge and mortgage rates fullback. Is the group in for more

good times ahead? We'll debate it. Plus, heavy losses for Viking therapeutics as its weight

loss pill disappoints inside a big investment into Intel and a broadcaster buyout. So many things to talk about. Let's dive

into Nextstar's acquisition of Tegna later on. But first, I am Courtney Reagan in this evening for

Melissa Lee coming to you live from Studio B at the NASDA. On the desk tonight, we have Tim Seymour,

Karen Binerman, Dan Nathan, and Guy Adami. Let's start off with big tech's sell-off. Every member of the so-called

Magnificent Seven down today. Not so magnificent dragging the NASDAQ lower by a percent and a half.

Invidia, the biggest loser, seeing its worst day since April on reports it's building a chip

even more powerful than the H20 for the Chinese market. Other chip makers like Marvell,

AMD, Taiwan, semi, and Broadcom also feeling the heat. And it wasn't just mega caps and chips.

Anything tied to the AI trade was also under pressure, including Palantir and G. Vernova,

the two best performing stocks in the S&P year to date. Also getting hit, crypto, and everything related to it, Bitcoin, Ethereum, both sinking from records.

Tom Lee's Bitmine down nearly 10% for its fifth straight day of losses and strategy at its worst level since April.

So what does today's action tell you about the durability of the momentum and tech trade?

I mean, Tim, it seems like maybe just a rotation today was not terribly heavy on the headlines

other than what we told you a little bit there about in video.

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