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Book +1.1 percent, OUST +17.9 leading the enabler tier, ZBRA +12.1 (machine vision doing the retail-automation lift), ROP +9.7, SYK +5.2 on surgical volume. ARM -11.9 the deepest laggard, chip-IP rotation. Humanoid pure-plays still private so we hold the brain (NVDA -3.4, ARM -11.9) and the eyes (OUST, CGNX, ZBRA). Bench (SYM, SERV, ABBNY, FANUY, LAZR) still off-universe. Cash 33k dry powder. Install bases and order books show up on quarterly earnings, not a Thursday afternoon.

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