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Nasdaq 100 Consolidates Below Resistance at 24,813 – Breakout Watch

NASDAQ was up on Tuesday morning after testing the low level of 24498 in the last trading session as the Nasdaq gained 0.48%, led by tech and AI-focused companies such as Nvidia (+2.1%), AMD (+1.2%) and Micron Technology (+4.2%). Last week, equities came under pressure on worries over the circular nature of AI-linked deals and potential hurdles such as mounting debt and limited energy capacity.