NAS100: AI Monetisation Scrutiny and Yield Pressures Cap Relief US Tech 100 IndexPEPPERSTONE:NAS100Sifiso_NtshingilaThe Nasdaq-100's relief rally back to 28,106 faces a strict fundamental headwind as investors pivot away from blindly rewarding artificial intelligence exposure, creating a high-stakes battleground for the index. While top Wall Street institutions maintain a long-term bullish bias targeting 30,000+ based on solid corporate earnings, near-term upside is heavily capped by an intense "AI reality check," where the market is actively penalising mega-cap tech giants for massive infrastructure expenditures that lack immediate proof of revenue. Compounding this pressure is a persistent macro drag from rising US 10-year Treasury yields flirting with 4.6%, which compresses growth stock valuations by pulling institutional capital out of high-multiple equities and into fixed income. With capital visibly rotating out of tech and into laggard value sectors, this rally lacks the broad-based fundamental backing needed for a sustained push toward descending trendline resistance at 29,200 – 29,500, making a clean structural break above 28,200 necessary to confirm that macroeconomic fears have truly subsided.