Nasdaq 100 Extends Gains to 0.5%, Hits Intraday High

The leadership is narrow and thematic: cybersecurity and semis are doing the heavy lifting while software, consumer staples and telecom lag, which points to a rotation within tech rather than broad risk appetite. That divergence matters because it suggests the index high is being carried by a handful of AI-adjacent and security names rather than earnings breadth. For crypto and RWA markets, the read-through is indirect — semis strength is a decent proxy for risk sentiment, but there is no digital-asset-specific catalyst here. Whether the semiconductor bid holds once the cybersecurity pop fades is the open question.