NASDAQ 100 Caught in Market's AI-Driven Whiplash
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The U.S. equity market's fracture into AI-optimists and skeptics is playing out most visibly within the NASDAQ 100, where mega-cap tech names have driven both the rally and the recent retreat. This bifurcation is producing choppier intraday ranges and higher volatility readings across the index.
With the 10-year Treasury yield posting its largest daily drop since Silicon Valley Bank's collapse, traders are reassessing risk premiums on growth stocks. NASDAQ 100 price action over coming sessions will likely hinge on whether the AI trade stabilizes or extends its current pullback, making key support levels critical watchpoints.