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stocksAug 3, 2026, 6:51 AM

Nasdaq 100 Rebounds as AI Optimism Gets Reassessed

The Nasdaq 100 index (USTEC) recovered from earlier volatility to close higher as investors took a fresh look at artificial intelligence prospects after another round of major technology developments.

USTEC

The Nasdaq 100 recovered after a choppy session, with USTEC turning positive as traders reassessed the outlook for artificial intelligence.

Markets had been under pressure, but bargain hunting emerged amid continued debate over whether AI-driven growth can sustain valuations. The rebound came following the latest batch of technology sector news, which prompted a recalibration of sentiment.

No single catalyst was cited, but the move reflects ongoing sensitivity to AI narratives in a market still weighing risks to stretched big-tech positioning.

Source: FXStreet Forex News