NSDQ100 trend remains bullish supported by AIUS Tech 100TRADENATION:USTECTradeNationThe Nasdaq 100 remains strongly supported by AI-driven momentum, with renewed optimism around semiconductors pushing tech shares higher despite lingering geopolitical uncertainty around Iran. The main bullish catalyst was another powerful rally in chipmakers, with the Philadelphia Semiconductor Index surging over 5% as investors continued rotating into AI-linked names. Strength in memory and AI infrastructure stocks helped lift the Nasdaq, while enthusiasm around the broader AI trade continues to dominate market sentiment. The S&P 500 reached another record high and futures remain firm as investors increasingly price in stronger earnings growth from large-cap technology companies. Analysts from major banks are also becoming more bullish on US equities, reinforcing momentum-driven buying in growth sectors. For Nasdaq 100 trading, semiconductor stocks remain the key driver. Strong AI demand expectations continue to outweigh concerns about elevated valuations, keeping upward momentum intact. However, market breadth remains narrow, suggesting leadership is concentrated in a small number of mega-cap and AI-related names. Geopolitically, uncertainty around a potential US-Iran agreement remains important for risk sentiment and oil prices. Brent crude recovered part of Monday’s sharp decline as doubts emerged over how quickly a deal could be finalized and whether Strait of Hormuz shipping risks are fully resolved. Higher oil prices could eventually pressure inflation expectations and bond yields, which would become a headwind for high-growth technology stocks if sustained. Another risk factor for the Nasdaq is rising scrutiny around semiconductor exports to China. Reports that advanced AI chips may have been smuggled through third countries highlight ongoing challenges around US export controls and could increase regulatory pressure on the semiconductor supply chain. Overall, the Nasdaq 100 trend remains bullish in the near term, supported by strong AI enthusiasm, semiconductor leadership, and record equity momentum. However, traders should monitor oil prices, Treasury yields, and geopolitical developments closely, as any renewed inflation or policy concerns could trigger volatility in richly valued tech stocks. Key Support and Resistance Levels Resistance Level 1: 30550 Resistance Level 2: 30800 Resistance Level 3: 30990 Support Level 1: 29880 Support Level 2: 29650 Support Level 3: 29230 The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.