The bell is bringing an end to the trading day at the NYSC, darling ingredients, and at the NASAC form factor. CEO, Mike Schleser. I'll speak with him coming up on fast money. Welcome to closing bell overtime. We're Lash in studio be at the NASAC market site. I'm Melissa Lee along with Mike Santoli. Sox with small gains today. The Dow up less than 100 points. The SB 500 gaining a 10th of a percent. The NASAC up just barely, but adding onto a record rally more in the market straight ahead.

And the big question. less than 100 points. The SB 500 gaining a tenth of a percent. The NASAC up just barely, but adding

onto a record rally more than markets straight ahead. And the big question we're going to be

asking throughout the hour, does the AI rally still have legs or is it a bubble about to pop?

We'll also look at a couple of areas of concern. Consumer weakness, continuing, and a technician

is going to be looking at the potential cracks in the bank stocks.

And, of course, we've got some earnings reports due out at this hour as well. We'll get to those as soon as we have them.

But I feel like it's a broken record. You know, it's quiet on the surface. But again, we're seeing new highs in a lot of the memory names and the chip names, Envidia, Seagay and Micron.

A deeply bifurcated market, and it is almost now narrowing down to semis versus the rest.

So you had the indexes up gently, weak breath underneath it, also oil up, also treasury yields up, also the volatility index up.

So it tells you the market is maybe sort of modestly clenching up in advance of maybe we're not sure if this, also the volatility index up. So it tells you the market is maybe sort of modestly

clenching up in advance of maybe we're not sure if this kind of can be pulled any farther

here in the near term. So I think that's one thing to keep in mind. Positioning, probably getting

pretty full. Strategists are chasing it. A few of them raising their S&P targets because they

were left behind in the rally. On the other hand, earnings are still moving in the right direction. The stock's going up the most to have the best earnings revision. So you have this bull case that it's fundamentally anchored and also overall S&P valuations are not back to where they were late last year. So, I guess you kind of pick your relevant data point there. I mean, the political rhetoric at the beginning of the day, at least, you know, Trump's saying effectively that talks with Iran on life support, you would think that WTI would move more. But, I mean, it seemed well under 100, like firmly under 100 the entire day, no bit above that. It feels a little bit like we're in this period where until Trump and she meet, we may be

sort of in this limbo where our upside's not going to be great, but our downside isn't going to be either.

Without a doubt, the market is, I think, leaning on this idea that all the incentives go in the

direction of reopening at some level, and in fact, that the downside would be significant if there was a near term reopening. And also, we're not making new highs. And as long as we don't make new highs and crude, yeah, the consumer stocks definitely suffer, but the rest of the market can seemingly handle it. All right. As we mentioned, momentum continued today for some hot stocks. Let's bring in Sima Modi for more on those.

Hi, Seema.

Mike and Melissa, the rally and chips seemed unstoppable with the I-share semiconductor ETF,

seeing back-to-back gains with Intel up another 6% on the day.

Actually, around 3.6% at the end of the day on more reports of new customers.

...