Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Nasdaq 100 hits record high but signals suggest a possible short-term pullback.

Technical Signals
13 May 2026
Seeking Alpha
View Source
Bearish
pluang ai news

The Nasdaq 100 index reached a new record high of 29,390, driven by strong gains in semiconductor and AI-related stocks like Intel and AMD. However, technical indicators such as bearish RSI divergence and price exhaustion above the 20-day moving average suggest a potential short-term correction. This could lead to a pullback below the resistance zone around 29,505 to 29,615. Investors should watch semiconductor stocks closely as their performance strongly influences the broader tech-heavy Nasdaq 100 index.

More News (INTC)

AI in life sciences market set to grow at 20% CAGR, reaching $11.5B by 2034 driven by drug discovery and data analytics.

AI in life sciences market set to grow at 20% CAGR, reaching $11.5B by 2034 driven by drug discovery and data analytics.

The global AI in life sciences market is projected to expand at a compound annual growth rate (CAGR) of about 20% from 2026 to 2034, reaching an estimated value of $11.5 billion. This growth is fueled by increasing demand for faster drug discovery, p...

Market News
Bullish
28 minutes ago
Semiconductor stocks rally surpasses 1999 dot-com bubble, driven by AI demand and strong revenue growth.

Semiconductor stocks rally surpasses 1999 dot-com bubble, driven by AI demand and strong revenue growth.

The semiconductor sector is experiencing a historic rally in 2026, with stock gains surpassing the 1999 dot-com bubble. Companies like SanDisk and Intel have seen massive revenue increases fueled by AI data center demand, with SanDisk's Q3 FY26 reven...

Market News
Bullish
6 hours ago
Intel's stock surges on headline beats, but AMD shows stronger fundamentals and growth in AI sector.

Intel's stock surges on headline beats, but AMD shows stronger fundamentals and growth in AI sector.

Intel's stock has soared over 250% year-to-date, driven by strong headline revenue and earnings beats and AI optimism. However, deeper analysis reveals Intel's turnaround relies heavily on shareholder cash, with significant losses and negative free c...

Market News
Bullish
7 hours ago
Nasdaq 100 rallies 1.5% after volatile day; VIX options gain as traders seek cheap hedges amid oil surge.

Nasdaq 100 rallies 1.5% after volatile day; VIX options gain as traders seek cheap hedges amid oil surge.

The Nasdaq 100 rebounded with a 1.5% rally after a volatile session, avoiding its worst sell-off since March. Despite spikes in individual tech stocks and semiconductor volatility, the S&P 500's VIX index fell, presenting a cheaper hedging opportunit...

Market News
Neutral
8 hours ago
Intel shares soar over 220% YTD but face valuation and profit concerns amid mixed signals.

Intel shares soar over 220% YTD but face valuation and profit concerns amid mixed signals.

Intel's stock has surged 226.9% year to date, driven by strong Q1 revenue beating estimates and growth in Data Center and AI segments. However, the company reported a GAAP net loss and negative free cash flow, with Q2 earnings guidance showing a decl...

Market News
Neutral
10 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App