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Nasdaq 100 — Under Its September Low; Health Care Leads, the AI Builders Retest Theirs

Two stories in one week. The first is relative strength

Thomas Look's avatar
Thomas Look
Nov 01, 2026

Two stories in one week. The first is relative strength — health care rose 3.1 percent and topped the eleven sectors, the index of companies that use AI sits 1.4 percent under a new high, and the four large builders the books hold (Nvidia, TSMC, SK Hynix, Advantest) held up better than the rest. The second is a bottom — the AI build-out index came back …

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