The NASDAQ 100 added $3.5 trillion in market capitalization over four trading days between August 1 and August 5, posting its strongest four-day performance since April 2025 with a 9.3% surge. This rally was driven by earnings that exceeded expectations from major technology firms and renewed enthusiasm for artificial intelligence, with semiconductor stocks leading the charge as the Philadelphia Semiconductor Index gained more than 7% in a single session. Nvidia remains at the center of this momentum, with prediction markets pricing an 84% probability of it becoming the world’s largest company by market capitalization by the end of August 2026. For cryptocurrency investors, the historical correlation between Bitcoin and the NASDAQ 100 suggests potential spillover effects, with AI-related tokens serving as leveraged bets on this broader theme.
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