**"AI Trade Reignites: Nasdaq Surges as Big Tech Earnings Fuel 8-Day Rally – What’s Next for Investors?"**amzn stock

The **Nasdaq** soared today as the **AI trade roared back to life**, powered by blockbuster earnings from Big Tech. The **S&P 500 and Dow** extended their winning streak to **8 straight days**, signaling renewed Wall Street optimism. Here’s what’s driving the rally—and whether it can last.  

**Key Market Drivers**  

✅ **Big Tech Earnings Beat**: AI leaders like **Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOGL)** posted stronger-than-expected profits, reigniting the AI investment frenzy.  

✅ **Fed Rate Cut Hopes**: Softening inflation data kept **2024 rate cuts** on the table, boosting risk appetite.  

✅ **Sector Rotation**: Money flowed back into tech after a brief pullback, with the **Nasdaq up 1.8%** intraday.  

 **What’s Next?**  

🔮 **AI Momentum Test**: Can the rally hold post-earnings? Watch **AMD (AMD)** and **Amazon (AMZN)** reports this week.  

⚠️ **Overbought Signals**: The S&P 500’s **RSI near 70** suggests a short-term pullback risk.  

📉 **Bond Market Watch**: 10-year Treasury yields **below 4.3%** support equities—for now.  

**Investor Takeaways**  

- **AI Stocks to Watch**: NVDA, MSFT, GOOGL (check my [AI Portfolio Deep Dive](https://qalamakaar.blogspot.com/ai-stocks-2024))  

- **Defensive Plays**: Consider healthcare (XLV) if tech stalls.  

- **Fed Impact**: Track **June CPI data** (July 11) for rate clues.  

***Nasdaq surge today, AI stocks rally, Big Tech earnings 2024, S&P 500 record high, Fed rate cut impact, best AI investments*  

- [Yahoo Finance Live](https://finance.yahoo.com/news/live/) (source)  

- [Federal Reserve Updates](https://www.federalreserve.gov)  

- [Nasdaq Composite Index](https://www.nasdaq.com/market-activity/index/comp)  

**For More**: See my [Market Trends Blog](https://qalamakaar.blogspot.com) for real-time updates.