The Nasdaq 100 maintains a cautiously bullish outlook, lifted by Broadcom’s exceptionally strong earnings. AVGO delivered record revenue, accelerating AI semiconductor demand, expanding software margins, and a USD 73B AI backlog—reasserting leadership in the AI infrastructure cycle. Markets responded positively despite ongoing credit concerns around Oracle. The AI spending cycle remains intact, but near-term volatility remains sensitive to macro data.
Key Levels: Support 24,902.9 | Resistance 25,816.5
Investor Takeaway: RSI and MACD both point to strengthening momentum; however, further corrections remain possible absent supportive economic data.
