Live from the NASDAQ markets, I'm in the heart of New York City's Times Square. This is

Fast Money. Here's what's on tap tonight. A semi-surge. The chip stocks have rallied more than 50%

from their April lows, but can the group power the market back to new records? We'll debate that.

And healthy gains of biopharmistock surging to 25-year highs on the back of its hypertension drug

trials.

We'll talk to the CEO to find out what is next for this company.

Plus oil stocks get energized and lead the markets higher.

The CEO of a company trying to blaze a trail in AI drug development and a McChryspy taste test by Wall Street hasn't been impressed by McDonald's latest offering.

What will mean for the stock?

I'm Melissa Lee. I'm Melissa Lee. I'm talking to you live from studio, Biet the NASDAQ on the desk tonight.

Courtney Garcia, Karen Feinerman, Dan Nathan, and Guy Adami.

We start off with stocks inching back toward records.

The SB 500 less than 2% off all-time highs as investors hope for a positive outcome in the trade talks between the U.S. and China. And it's been the chip trade leading us back to these levels, the SMH Semiconductor

ETF, at its highest level since February.

Names like Broadcom, OnSemi, NVIDIA, Micron, AMD, some of the top performers this quarter.

Crypto has also been on a tear.

Bitcoin flirts with its recent all-time highs.

It's now held above $100,000 for 30 days in a row.

That's its longest stretch ever. Robin Hood, Coinbase, riot platforms, and strategy, all seeing huge gains in Q2.

And stablecoin stock circle, internet, soaring nearly 250% since its Thursday debut. So will these be the trades and take the markets to new highs guy?

Yes, Mel.

Well, it better be because that's the biggest waiting, right?

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