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

Here's what's on tap tonight.

Envidia's big reversal from a post-market pop to a 5.5% loss at the close.

How the stock impacted the market today and how traders should make sense of the moves.

And the latest in the battle for Warner Brothers, what we know now about Netflix's pitched for the White House and how Warner views a sweetened bid for Paramount Skydance. Plus, what the move in Smunker's stock says about the state of Staples, why Chinese tech stocks were under pressure today and the foundation for housing, what the chartmaster sees and the technicals that tells him where the stocks are heading. I'm Melissa Leco.

I'm D.O.L.L. From studio, be at the NASDAQ on the desk tonight. Tim Seymourke, Carter, Braxtonworth, Dan Nathan, and Guy Adami. We are back. Full force. Full death tonight. We start off with the fall until day on Wall Street, major averages closing off their worst levels, but still digesting a major negative reaction to NVIDIA results.

So NASDAQ down more than 2% out of its lows.

Close the day to... is closing off their worst levels, but still digesting a major negative reaction to

NVIDIA results.

NASDAQ down more than 2% at its lows, close the day down just over a percent, the S&B

500 shedding half a percent, while the Dow managed to eke out a gain of 17 points.

The aforementioned Nvidia, sinking 5.5 percent despite a blowout quarter in guidance

raise.

The result seemingly not enough to quell

concerns over hyperscalor spending and the stability of the AI trade. Invita shares losing almost

$260 billion in market value today, roughly equal to the size of a United Health. The results

weighing down other chip makers, Taiwan semi, AMD, broadcom applied materials,

all among the biggest laggards there. On the other hand, the beaten down software sector is measured

by the IGV managed to rise 2%. A strong quarter from Salesforce helping boost those stocks, even

though the company gave weak guidance for fiscal 2027, CRM closing 4% higher. So what is the action signaling about the market's direction and the AI trade more broadly, Guy? One day does not a trend make, as we've said a number of times. But today could be one of those days you'll come back to and say, okay, the IGV, the software ETF traded down the April lows. We almost traded down the lows we saw back in 24. So you can understand where that could potentially be a bottom and we've bounced. The SMH, which has been on a rocket ship, is starting to turn a little bit. We're going to learn a lot more next week with Broadcom, AVGO. However, you can start to make the case that, you know, maybe the turn is in. Now, a lot of, I'm not calling that, by the way, but today's one of those things you want to just call the turn? What did I just say? Oh, sorry. What did I just say? However, I think even Tim would agree that it's an interesting day to sort a bookmark and say, okay, let's see how this plays out over the next couple days, because if, in fact, that was the low in the IGV, it means it probably has another significant leg higher, especially if Microsoft participates. So I bet Carter's going to agree with me. So what it does mean is that nothing changed fundamentally. What we do know is that we got, on the fundamental side, we got nothing new from that call.

We had everything in line. We had a great number. We had this and that. What we do know is that hedge funds and long-onlys did a lot today, the same way they did a lot yesterday and have been going into this.

Invidient to me, if anything, has been a shorting vehicle while these guys went long memory, why they went

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