Nasdaq Composite那斯達克綜合

Fading neutral — tech led Nasdaq's slip as climbing yields hit growth stocks' valuations hardest, with the broader risk-off tone from the Iran conflict and Fed hawkishness compounding the pressure. Growth/duration-sensitive names are the first to feel a rate-hike repricing, and that's exactly what's playing out.

Nasdaq rode the AI-chip enthusiasm (Nvidia's guidance did a lot of the heavy lifting) to a near-4% August gain, and the score's strength across every timeframe backs that up — we're bullish, though a market this concentrated in a handful of names is worth remembering when the mood shifts.

Bearish. The Nasdaq handed back a good chunk of its Nvidia-fuelled pop, slipping from Thursday's 26,541 close to 26,402 and fading an intraday advance along the way — two sessions where buyers simply couldn't hold the highs. The AI trade is still the entire story here, and a market where one earnings print does all the lifting is a market with a single point of failure.

Nasdaq jumped over a point-and-a-half on the same Nvidia-fueled AI enthusiasm, with software names roaring back alongside the chip giant. We're sticking with bullish here - the index is riding high in its range - but it's worth remembering this strength is concentrated in a handful of AI-adjacent names rather than broad-based.

Nasdaq's bullish tape continues, tech and communication-services names doing the heavy lifting — the score is only mid-range though, so this is a steady grind higher rather than a blow-off, which honestly is the healthier kind of rally.

Bullish, tracking the chip rally. Nasdaq closed up roughly 0.6% to 26,151 as semiconductor names led the bounce ahead of this week's Nvidia earnings -- that report is the binary event that decides whether this leg higher extends or reverses hard, so treat this call as good until proven otherwise by the print.