Tech Momentum Builds on Memory/Semiconductor Exponential Demand
Corporate profitability driven by consumption growth and government spending will likely push for further growth in 2026. Earnings growth combined with expected reaccelerating economy likely to push Nasdaq growth further. Nasdaq might see next leg of earnings growth come from memory and semiconductor firms seeing exponential demand, as seen by growth in Micron (MU) and Seagate (STX) earnings beats.
Key Levels: Support at 24,649.30 | Resistance at 25,816.50
Investor Takeaway: RSI at 50 above MA line consistently trending upward; MACD shows emerging buying pressures with memory/semiconductor demand thesis gaining traction.
