Stocks are higher this afternoon, as traders brush off the latest tariff threat from President Donald Trump and eye upcoming inflation data. Mega cap tech names are moving higher, as semiconductor stocks rally from their January selloff. In response, the Nasdaq Composite (IXIC) is outperforming -- up more than 200 points -- while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are more modestly higher.

Options traders are eyeing Super Micro Computer Inc (Nasdaq: SMCI) ahead of the chip giant's fiscal second-quarter earnings report, due out after the close tomorrow, Feb. 11. So far, 125,000 calls and 54,000 puts have crossed the tape, which is double the average daily options volume. The weekly 2/14 40-strike call is the most popular, followed closely by the 45-strike call in the same series. At last glance, SMCI is up 7.6% at $39.04, breaking above recent pressure at its 100-day moving average and taking its year-to-date lead up to 25%.

Shares of Monday.com Ltd (Nasdaq: MNDY) are some of the best on the Nasdaq this afternoon, up 29.1% at $333.30 at last check, after the cloud platform shared fourth-quarter earnings and revenue that beat expectations. Adding to today's momentum, the company's 2025 revenue guidance was above estimates. Over the last nine months, MNDY had added 83.6%.

Semiconductor manufacturing stock Semtech Corp (Nasdaq: SMTC) is one of the worst performers on the Nasdaq today, down 33.4% at $36.29 at last check, after the company warned of fiscal 2026 troubles. In an 8-k filing, Semtech saidnet sales from its CopperEdge products are at risk "due to rack architecture changes." Already in 2025, SMTC is down nearly 40%.

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