Owning expensive growth cost you today: AppLovin closed down 19.9%, with Axon and Duolingo double-digit and near double-digit losers alongside it. The money rotated into AI hardware, where Astera Labs and Fabrinet both finished higher.

Software and entertainment stocks powered the close as SanDisk cratered 11.13% on what looks like broad chip sector fatigue hitting even memory makers.

AI infrastructure and optical networking stocks charged into the close, with Applied Optoelectronics and Coherent leading a 14.7% and 10.9% surge. AMC Entertainment fell 7.7% as retail favoritism faded.

Lucid rocketed 15% into the close while Netflix crashed 7.6%, exposing a massive risk appetite reset across mega-cap tech and speculative plays on the same Friday.

Tech stocks split wide open as AppLovin and SanDisk cratered over 12% each while Salesforce and fuboTV rallied, exposing which names traders still want to own in a geopolitically volatile market.

Digital Turbine and Astera Labs surged 15% and 14% respectively at Monday's close, while Super Micro Computer and Ulta Beauty skidded lower in a split session.

SanDisk surged 20% as memory demand hits record levels, a stunning reversal from retail stalwarts AMC and Duolingo both tanking over 8% in the same session.