All right, guys. Thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9, here at the New York Stock Exchange. This make-or break hour begins with the wait for Nvidia, the chip dip, and what to make of rising rates and the impact they could have on this record-setting rally. We'll ask our experts over the final stretch. The scorecard looks like that. With 60 to go and regulation today, it's been a mostly red day, modestly so.

You can see not big losses across the board.

Investors are watching the bond market, though.

Yields at the long end continue their rise.

That's perhaps making some investors a little uneasy.

There's been some buying back of semiconductor stocks today.

Micron's getting a lift.

So is Marvel. Look at that 5% Intel,

NXP, and VITDA's earnings. Yep, they're tomorrow in overtime. Definitely a bit of wait and see

hanging over that trade as well. We'll talk more about it. It does take us to our talk of the tape.

The markets melt up in whether the momentum trade is in jeopardy of further declines.

That's what investors in the

chip space are wondering. We begin there with our Christina Parts of Nevelos. What do we think about this?

Well, let's start with the fact that they're staging a comeback because that really signals just the

sentiment. And this is after an earlier sell-off this morning. But just not everything is is in the green

right now. So the Bannock semiconductor up for about half a percent, not even.

You mentioned micron, Intel, even AMD, but not quite there,

trying to claw back after falling roughly 10 percent just over the last week.

But the optical names are a different story.

High momentum stocks like coherent, the applied optical electronics,

you can just see red across the board. And they're prime targets in the unwind that we've seen

over the last few business days. The lack of broader panic does kind of make sense. The SMH is still

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