Outlook: Cautiously Bullish | Timeframe: 1 Day
Technology equities remain volatile as fears of weak labor data and inflation weigh on sentiment. Hyperscalers and AI infrastructure stocks have corrected sharply, driven by debt concerns (ORCL) and revenue uncertainty tied to OpenAI commercialization.
However, commentary from Goldman Sachs suggesting ~90% of AI capex in 2026 will be funded through operating cash flow materially reduces systemic balance-sheet risk. While highly leveraged names such as CRWV and ORCL remain vulnerable, broader AI infrastructure risk appears more contained.
Key Levels:
Support: 24,902.9 | Resistance: 25,816.5
Investor Takeaway:
Near-term volatility remains elevated, but reduced capex financing risk supports selective upside if macro conditions stabilize.
