NAS100Nasdaq 100
29,371.6
+2.70%
Past
What happened
Nasdaq 100 gained 2.7% to 29,372 as semiconductor stocks exploded higher -- SMH ETF up 2%, with Nvidia leading the charge on AI demand optimism.
Why
Why it matters
The second wave of AI infrastructure spend is being priced in; Alibaba's AI revenue boom despite margin compression shows the TAM is expanding globally.
Watch
What to watch
Nvidia's price action at $230 resistance is key -- a breakout likely pulls the entire index higher; CPI miss could trigger a rotation out of growth.
HEADLINES