Chip stocks are all green today. Every single name in the Philadelphia Semiconductor Index is up.

Except $NVDA.

When the entire sector rallies but the market leader sits it out, that's not random. Either profit-taking after a monster run, or people rotating into cheaper names, or both.

This is what healthy markets look like sometimes — breadth improves, laggards catch up, winners take a breather. Not everything needs to rip every day.