Nasdaq dropped sharply on Trump’s tariff escalation, with investors concerned about supply chain bottlenecks for AI infrastructure. While the AI CapEx supercycle remains intact, margin pressures could rise if trade tensions persist.
Key Levels: Support at 24,221.3 | Resistance at 24,998.0
Investor Takeaway: RSI above MA line, trending sideways; MACD emerging buying pressures. Pullback seen as potentially technical rather than structural.