All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

This make or break hour begins with this attempted tech turn. The sector hit pretty good lately, as you know. It is getting a much needed bounce today. Let's show you the majors with 60 to go in regulation. NASDAQ is leading the way. Haven't said that too much lately, have we? Thanks to Micron's earnings, just what the doctor ordered.

That stock is surging the most since April today, and so are many other chip names. They're higher as a result as well. That one's good for about 11%. Lulu shares, they are higher on Word. Elliot has an activist stake. We'll have more coming up. Comes ahead of Nike's earnings and overtime. We'll take a look at all of this.

Coinbase is joining the club and making a move into prediction markets, which are booming,

as you know, will tell you exactly how much. There's some very big numbers being thrown around

there. It does take us to our talk of the tape. The final stretch of 2025, whether a Santa

rally is still possible,

and what this choppy end of year trade means for the start of next year. Let's ask our panel.

Partners groups, Anastasia Amorroso, CBC contributor, Payne Capitalist, Courtney Garcia, Robin Hood, Stephanie Gild.

It's good to have everybody with us. Anastasia, I'll start with you.

The tape feels still kind of heavy. I mean, we're getting a nice bounce today in the national Stephanie Gild. It's good to have everybody with us. Anastasia, I'll start with you. Good to see you.

How the tape feels still kind of heavy. I mean, we're getting a nice bounce today in the NASDAQ. It's much needed. I don't know how much conviction is behind it though in the near term. How do you feel? Look, I don't know. Near term, I think people may want to lock in some of the gains in what has been such a great trade all year, which is the AI trade.

But I do think we did get a couple of pieces of really good news overnight and also this morning. First of all, the Micron News. It's been a while since you had a memory chip company say that their demand is outpacing supply. So that's all due to AI. So that re-underites that conviction there. And then the second piece of good news is,

of course, the CPI number and the fact that the services inflation is now running at 2.3% year over year. So you take those two things together, and I think they do give investors some

sort of a conviction. And I will say more broadly, Scott, that I think, you know, AI trade had a bit of a pullback,

had a little bit of consolidation. But if you look at the adoption of artificial intelligence,

if you look at the productivity gains behind AI, and if you actually look at monetization,

all those things are progressing in the right direction. So maybe this is some pause, some weakness,

but I would actually step in and buy with the expectations for continued strength into 2026.

Well, you would. So, Cort, Jonathan Krinsky is out today, says, well, it's premature to say this is the top for AI stocks.

Evidence is growing that it's more than just a speed bump. You agree with that or disagree?

Yeah, I don't think this is like a bubble that's bursting right now by any means. I know that's become a continued conversation here on Wall Street. And yes, it is getting expensive and I do think you want to start to broaden out your portfolio. But I think when we're looking at earnings growth next year, technology is still expected to have like 28% earnings growth going into 2026. But when you're looking at like materials are also over 20%, industrials are supposed to be over 15%. There's plenty of other places to put your money right now. I think you bring up a good point. People are looking into lock into some of these profits after such a good year that we've had. And I think it's smart to do so. So I don't want to get out of AI, but if you haven't made any changes into your portfolio and a lot of people have not, you are really overweight right now. And when you're looking at tech and communication services, that's over 45% of the S&P 500. There's a lot of concentration risk right now. And I think you want to be aware of that. I feel like you've been one who's been out there saying on this program and maybe elsewhere

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