↗ Bullish case · Summary unavailable
No case summary was saved for this edition
The bullish narratives below show what this side of the coverage argues.
Archived · 25 August 2026
Equities · NDX
Nasdaq 100
See how coverage of the Nasdaq 100 is changing—and the bullish and bearish arguments behind it.
Sentiment over time
History shown
19% bullish — 19% of the articles that took a side on Nasdaq 100 argued Nasdaq 100 higher, articles published 18–24 August.
Nasdaq 100 · 19% bullish. 19% of the articles that took a side on Nasdaq 100 argued Nasdaq 100 higher, articles published 18–24 August.
| Date | Bullish share (%) |
|---|---|
| 2026-08-19 | 54 |
| 2026-08-20 | 43 |
| 2026-08-21 | 28 |
| 2026-08-22 | 30 |
| 2026-08-23 | 29 |
| 2026-08-24 | 29 |
| 2026-08-25 | 19 |
| Date | Bullish share (%) |
|---|---|
| 2026-07-27 | 35 |
| 2026-07-28 | 31 |
| 2026-07-29 | 10 |
| 2026-07-30 | 9 |
| 2026-07-31 | 28 |
| 2026-08-01 | 43 |
| 2026-08-02 | 44 |
| 2026-08-03 | 46 |
| 2026-08-04 | 50 |
| 2026-08-05 | 67 |
| 2026-08-06 | 78 |
| 2026-08-07 | 70 |
| 2026-08-08 | 70 |
| 2026-08-09 | 69 |
| 2026-08-10 | 69 |
| 2026-08-11 | 63 |
| 2026-08-12 | 48 |
| 2026-08-13 | 59 |
| 2026-08-14 | 73 |
| 2026-08-15 | 66 |
| 2026-08-16 | 66 |
| 2026-08-17 | 66 |
| 2026-08-18 | 70 |
| 2026-08-19 | 54 |
| 2026-08-20 | 43 |
| 2026-08-21 | 28 |
| 2026-08-22 | 30 |
| 2026-08-23 | 29 |
| 2026-08-24 | 29 |
| 2026-08-25 | 19 |
Each point measures the previous seven days of directional articles. It describes coverage, not the probability of a rise in the Nasdaq’s price.Articles published from 18 to 24 August, scored the following mornings.
What mattered · 25 August 2026
Tech and chip stocks are dragging the Nasdaq 100 lower again, and the pessimism has been building steadily for over a week with almost no relief.
What changed
Cloud Hosts AI Revenue Advantage now leads the bullish case — new
AI Chip Stock Selloff Pressure now leads the bearish case — new
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The bullish and bearish cases
↘ Bearish case · Summary unavailable
No case summary was saved for this edition
The bearish narratives below show what this side of the coverage argues.
How the Nasdaq’s narratives are evolving
Start with the highlights, or explore a stage of the narrative lifecycle.
Featured
6 featured narratives · Selected highlights across the lifecycle
Cloud Hosts AI Revenue Advantage
Share of coverage
4.7%
Past 3 days
Sentiment
Bullish
In short
Cloud hosts have sustainable business models for AI because they benefit from multiple revenue sources and margin improvements, unlike AI labs with uncertain economics
NDX Rate-Driven Valuation Compression
Share of coverage
6.7%
Past 3 days
Sentiment
Bearish
In short
Nasdaq 100 ETF volatility during interest rate concerns and technology valuation shifts presents a risk that long-term investors must tolerate
Asia Retail Tech Volatility Spike
Share of coverage
4.7%
Past 3 days
Sentiment
Bearish
In short
Rising volatility in big tech and semiconductor stocks reflects unstable market conditions driven by retail investor participation in Asia
Nasdaq Tech Selloff Pressure
Share of coverage
4.7%
Past 3 days
Sentiment
Bearish
In short
Immediate selling pressure reflects negative investor sentiment towards technology stocks.
Emerging
No emerging narratives for Nasdaq 100 in this edition.
Accelerating
6 accelerating narratives · Already visible and gaining attention
Fading
5 fading narratives · Losing attention
AI Hardware Earnings Growth Momentum
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Strong corporate earnings growth, particularly in cloud computing and semiconductor sectors, will drive equity market gains
AI Quality Earnings Differentiation
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Companies with strong balance sheets, healthy cash flows and sustainable earnings growth will recover faster from any AI valuation correction than those driven primarily by market narratives
Mega-Cap AI Rotation Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
AI trade momentum is driving strength in mega-cap tech stocks and broad US equity indices
Microsoft AI Earnings Confidence Boost
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Microsoft's strong earnings results are reducing concerns about AI investment sustainability and supporting market confidence
Tech Earnings Optimism Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Investors are optimistic about upcoming earnings reports, driving tech stocks higher.
Steady
16 steady narratives · Holding a steady share of attention
NDX Rate-Driven Valuation Compression
Share of coverage
6.7%
Past 3 days
Sentiment
Bearish
In short
Nasdaq 100 ETF volatility during interest rate concerns and technology valuation shifts presents a risk that long-term investors must tolerate
Asia Retail Tech Volatility Spike
Share of coverage
4.7%
Past 3 days
Sentiment
Bearish
In short
Rising volatility in big tech and semiconductor stocks reflects unstable market conditions driven by retail investor participation in Asia
Cloud Hosts AI Revenue Advantage
Share of coverage
4.7%
Past 3 days
Sentiment
Bullish
In short
Cloud hosts have sustainable business models for AI because they benefit from multiple revenue sources and margin improvements, unlike AI labs with uncertain economics
Nasdaq Tech Selloff Pressure
Share of coverage
4.7%
Past 3 days
Sentiment
Bearish
In short
Immediate selling pressure reflects negative investor sentiment towards technology stocks.
AI Bubble Deflation Tech Reset
Share of coverage
2.7%
Past 3 days
Sentiment
Bearish
In short
The AI trade is cooling, leading to a much-needed reset in tech valuations.
Treasury Yield 5% Resistance Risk
Share of coverage
2.7%
Past 3 days
Sentiment
Bearish
In short
Failure to push the 30-year Treasury yield below 5% will trigger a weaker US dollar and a shift away from leveraged risk assets including AI stocks
AI Capex Bubble Valuation Concern
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
The rally driven by artificial-intelligence spending is unsustainable and may lead to a market correction.
AI Capex Debt Sustainability Concerns
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Debt-funded AI spending by hyperscalers is unsustainable and raising concerns about semiconductor capex investments, pressuring chip stocks lower
AI Infrastructure Bubble Collapse Risk
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Massive capital allocation to AI infrastructure represents a bubble that could collapse and cause significantly greater damage than the dot-com crash.
AI Profit Proof Demand
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Investors now demand concrete proof of returns rather than accepting promises of future AI profitability
AI Tech Valuation Correction
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Tech stocks are slowing following huge runs made because of excitement around artificial-intelligence technology, which critics said made them too expensive.
Big Tech Regulatory Risk Caution
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Investors are becoming more cautious about their positions in large tech stocks due to potential regulatory changes.
Fed Rate Hike Pause Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Fed Chair Warsh's recent comments suggesting inflation risks have declined reduce near-term expectations for rate hikes, supporting equity valuations.
Iran Tensions Pressuring US Stocks
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Geopolitical tensions with Iran are causing U.S. stocks to dip.
Semiconductor Profit-Taking Rotation Out
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Profit-taking in semiconductor stocks after strong first-half gains is creating downward pressure on the Nasdaq.
Tech CapEx ROI Skepticism
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Tech companies' capital expenditure efficiency concerns will weigh on stock performance despite broader market strength
More on the Nasdaq and the market
Related assets
See the narratives and sentiment around other assets.
Nasdaq 100 history
Weekly and monthly reviews of Nasdaq 100’s narratives and sentiment are coming; the history page will list them as they are published.