Tech Melt-Up Fuels $3.5T Nasdaq 100 Jump in Four Days

Bullish Gator

Technology earnings and AI optimism sparked a $3.5T surge in Nasdaq 100 market cap—up 9.3% in four days—marking the sharpest rally since April 2025.

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What stands out

For four trading days the Nasdaq 100 swelled by $3.5 trillion, a 9.3% burst Bloomberg tied to AI-fueled earnings from hyperscalers and a fresh dose of investor optimism. Dan Ives of Yorkville & Ives called it an earnings-anchored rerate of AI winners, and that matters for exchange operators like Nasdaq, Inc., because bigger market caps and higher trading activity flow straight into fee, listing and derivatives revenue. The headline number is dramatic, but the real question is breadth: is this a broad-based reacceleration or a concentrated melt-up that will leave exchanges exposed if leadership narrows?