The Nasdaq 100 recorded a 9.3% gain over four trading days through August 5, 2026, adding $3.5 trillion to its total market capitalization. This advance marks the sharpest four-day move since the tariff-driven rebound following April 2025’s so-called Liberation Day. The rally was fueled by strong quarterly earnings from technology companies tied to artificial intelligence and chip manufacturing, with the Philadelphia Semiconductor Index rising more than 7% in a single session. NVIDIA sat at the center of the optimism, with prediction markets pricing in an 84% probability that the company would become the world’s largest by market capitalization before the end of August 2026. For digital assets, the Nasdaq’s trajectory remains significant given the historical correlation between Bitcoin and high-beta tech stocks during risk-on periods.
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