Buy the dip.

That’s what they were doing on Wall Street Monday. I don’t know who “they” were. Everybody, apparently. Because stocks were up “bigly” with the glaring exception of Nvidia, which was lower on concerns that the woman Jensen Huang’s been cheating with might’ve been Xi Jinping in a wig.

Jensen should’ve known something was up when Alice said, “Realizing our great dream demands a great struggle” during breakfast in bed one morning. Or the night before when she kept screaming, “East, west, south, north, center!”

Anyway, the “correction” — all ~5.5% of it on the S&P — is “entering its final phase.” That’s according to Morgan Stanley’s Mike Wilson, who… I don’t know. I don’t have any good Mike Wilson jokes today. (You’re welcome, Mike. You were due a reprieve.)

As the figure shows, the pullback for big-tech was considerably more pronounced, at nearly 14% as of Friday’s close. The Nasdaq 100 was on track Monday for a hefty 3% advance.

Wilson, who for weeks has pegged the floor for the S&P at anywhere between 7100 and 7300, said that although we could see “a final retest of last week’s lows,” that’d “likely set up a year-end rally.” He still likes “quality cyclicals with strong EPS revisions.”

Speaking of quality cyclicals with strong EPS revisions, AMD was the biggest beneficiary of the Huang affair. The shares soared more than 12% on Monday after jumping 11% on Friday.

At almost 26%, the two-session gain was on pace to be the sixth-largest in a decade.

The stock also got a boost from Oppenheimer, where analyst Richard Schafer raised his price target to $600, citing “another bullish earnings call.” “We see favorable pricing trends as AMD negotiates next-gen deals as an incumbent,” Schafer wrote.

Hopefully, Lisa Su’s not sleeping with Sergei Lavrov.

That’s mordant humor, but it’s not entirely in jest. Just ask Seaport’s Jay Goldberg who, in remarks to MarketWatch on Monday, suggested AMD and Broadcom may implement “honeypot training” for top executives going forward.

“Every company is at risk of this,” Goldberg said, referring to Huang’s predicament.