1/2 SOXX is up 3.9%. NVDA is up 3.1%. S&P is flat. Bitcoin is chilling at 68k. At the same moment, two completely opposite capital flows. Semiconductors absorbed all the new funds in the U.S. stock market today. It’s not a broad rally; it’s precise inflow. SOXX +3.9%, SMH +3.2%, XLK only followed with +0.8%, SPY didn’t budge. The money isn’t scattered; it’s picking sides. NVDA is up +3.1% since the opening, just 2% away from its 52-week high. Blackwell’s orders are stacked to the ceiling, and TSMC’s CoWoS production lines are undergoing real expansion. This isn’t about "AI narratives making a comeback"; it’s the certainty premium after physical capacity validation.