The Nasdaq Just Did Something It Hasn't Done Since 2020, and Here's What Could Happen Next

The article reports that the Nasdaq-100 just logged its largest 13-day rally since 2020 — a 17% gain between March 30 and April 17 — and hit a fresh record high on April 15. The move followed a drop of as much as 12% from the index's peak amid oil-driven market weakness tied to U.S.–Iran hostilities, which have since eased and pressured oil prices lower. Despite the rally, the piece warns of lingering risks from an AI spending slowdown (OpenAI cut its 2030 compute spend estimate to $600 billion from $1.4 trillion) and data-center delays, which could weigh on cloud and chip suppliers. Overall the author leans long-term bullish on the market’s outlook while urging gradual, dollar-cost-averaged investing.