Welcome to Closing Bell. I'm John Ford in for Scott Wapner, and this make or break hour starts with another run at records.

NASDAQ and S&P 500 both touching all-time highs as we head toward this close.

We're also seeing some major moves in the chip stocks again today with names like Micron, Qualcomm, Western Digital, all sharply higher.

We're going to have more on that stock surge coming right up. Elsewhere, oil

is higher on renewed tensions with Iran. And retail names are coming under pressure today with Target,

raw stores, and TJX all trading in the red. And that takes us to our talk of the tape,

how you should position your portfolio with stocks hitting fresh highs.

Let's ask our panel, CNBC contributor, High Tower, Stephanie Link, New Edge Welts, Cameron Dawson,

and Wells Fargo's Scott Wren.

Everybody welcome.

Stephanie, what a run here.

I mean, you were rightly thinking beyond Inidia on this AI stuff early.

But who saw, I mean, I know I gave you a hard time now.

You did.

But who saw Western Digital Seagate, like that derivative play,

started to emerge at beginning of the year with that crunch.

But boy, is it booming now.

It's booming across the board.

And I say you stick with them all, the semiconductor trade.

But I also think you want to stick with the industrials as well that are building out the

infrastructure. They're just as big beneficiaries, and they're not up as much as the

semiconductor space is. But, I mean, the moves have been enormous. I don't think you want to

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