Finance

Nasdaq 100 Rally Hits Four-Week High as Chips Lead

The Nasdaq 100 rose for a fourth straight week, up about 18% over the last 20 sessions, marking the strongest four-week run since April 2020. Semiconductors led the charge, with AI-focused hardware names and related capex plays pushing the market higher.

📅 April 24, 2026
⏱️ 2 min read
Nasdaq 100 Rally Hits Four-Week High as Chips Lead

Key Takeaways

  • Nasdaq 100 rose for a fourth straight week, up ~18% over the last 20 sessions
  • Intel led the rally, up ~18.9% for the week and on pace for a record month with +80% MTD
  • AMD surged ~24.6% over five days, with ~70% MTD, best month since 2001
  • SOXX posted 18 straight sessions of gains, the longest streak on record
  • Market breadth showed ~88% of reporting companies beat estimates, above the 10-year average of 76%

People Involved

  • Pat Gelsinger CEO, Intel Corp.
  • Lisa Su CEO, Advanced Micro Devices (AMD)

Entities Involved

  • Intel Corp. (INTC) Semiconductor company
  • Advanced Micro Devices, Inc. (AMD) Semiconductor company
  • Texas Instruments Inc. (TXN) Semiconductor company
  • iShares PHLX Semiconductor ETF (SOXX) Semiconductor-focused ETF
  • Nasdaq 100 Index tracking the largest Nasdaq-listed non-financial companies

MarketMoodz Analysis

The rally underscores the market's shift toward AI hardware exposure and the broader capex cycle, with semiconductors and related equipment taking leadership. If AI-driven demand sustains, investors may overweight AI hardware names, though concentration risk remains a key consideration for portfolio diversification.

Historically, AI-driven tech rallies have featured leadership concentration in semiconductors during waves of capex and supply-chain normalization. This cycle mirrors some post-2020 dynamics but unfolds in a higher-rate, more inflation-aware environment, demanding tighter risk controls and clearer exit plans as earnings visibility evolves.

Next up, earnings reports, Fed guidance, and macro signals—from geopolitics to oil—will shape whether this leadership streak broadens or broadens into a more dispersed rotation. Watch for breadth confirmation, supply-chain normalization data, and capital spending plans from major chipmakers.

Source: Original Article

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