NVDA reported Wednesday AMC. The options market priced for ±5.9%. It printed +4.7%. The move landed inside the number. The distribution didn't. NVDA continues to prove itself as an anchor to reprice the AI market. Going in, NVDA was the one name holding the line, under 10% off its June high while ARM sat 44% below it, INTC 38%, BE 38%. It still got sold into its own print, down 1.6%, while ARM rallied 3.9% and LITE 6.0% the same afternoon. Then the print hit and the complex moved overnight. NBIS +4.1%. ARM +2.3%. MRVL +2.6%. MU +2.1%. The five largest names in tech moved an average of +0.2%. MRVL reports Thursday after the close, priced for ±10.3%. On Coinbase, the perps keep trading the reaction live, 24/7.