AI Drives #NQ100 Higher Again: NVIDIA and Micron Lead the Sector

The U.S. technology sector received fresh support from artificial intelligence-related companies. On August 12, the Nasdaq gained around 0.5%, although the index remains approximately 0.4% below last Friday’s closing level since the beginning of the current week. At the same time, the Nasdaq rose 5.2% last week, highlighting continued strong interest in the technology sector.

NVIDIA and Micron were at the center of attention. NVIDIA (#NVDIA) shares rose by around 3%, while Micron (#Micron) gained nearly 5%. Investors are increasing their positions in chipmakers again amid sustained demand for data-center equipment and artificial intelligence infrastructure.

Key Drivers of Technology Sector Growth:

1. AI demand remains strong. Major technology companies continue to increase spending on data centers and computing capacity. This supports expectations for further growth in NVIDIA processor sales and demand for Micron server memory.
2. Investors are returning to semiconductor stocks. After the recent correction, chipmakers are once again attracting buyers. The market is becoming more selective, but companies directly benefiting from the expansion of AI infrastructure remain among investors’ favorites.
3. Lower pressure from the Fed. Softer U.S. inflation data reduced the likelihood of a rate hike in September. Lower rate expectations traditionally support high-valued technology stocks and increase demand for #NQ100.

According to FreshForex analysts, the base-case scenario for #NQ100 remains further growth. Demand for AI infrastructure remains strong, while the lower probability of another Fed rate hike provides additional support for the technology sector. If NVIDIA and Micron continue to strengthen, the index could maintain its upward momentum and test new local highs.