What is driving the Nasdaq 100 today?

AI disruption fears are shifting spending towards data centers and GPUs, which hurts some software and hardware names. A softer ADP jobs report also cooled risk appetite. Markets are waiting for Alphabet earnings and capex guidance, which can influence semis, cloud, and broader tech sentiment into the next sessions.

How can UK investors manage risk in a tech stocks selloff?

Scale in with small tranches, use stop losses sized around daily ranges, and trim concentrated positions. Add diversified tech exposure and short-duration bonds to reduce swings. Keep a cash buffer for opportunities if volatility spikes around Alphabet earnings. Review FX hedging, as GBP moves affect USD-denominated returns.

Which technical levels matter right now?

First supports cluster near the 50-day average around 25,371.66 and the Bollinger middle band at 25,393.26. Resistance is near the upper band at 25,946.86. Momentum is moderate (RSI ~57.89) and trend strength is weak (ADX 13.58), so range trading may work until a decisive breakout.

Why do Alphabet earnings matter for Nasdaq 100 today?

Alphabet’s capex plans for AI, data centers, and model costs influence semiconductors, cloud margins, and software budgets. Strong guidance could lift risk appetite, while cautious spending might extend selling. As Alphabet is a top benchmark constituent, its moves carry outsized impact on index direction and sector leadership.

Global Market Insights

^NDX Today, February 5: AI Jitters Drive Tech Rout Before Alphabet

ByDanny Kontos February 5, 2026February 5, 2026

Nasdaq 100 today is under pressure as AI disruption fears spark a tech stocks selloff ahead of Alphabet earnings. Software and chipmakers led declines, with traders watching capex guidance for AI. A softer ADP jobs report added to risk-off mood and lifted volatility. For UK investors, dollar moves and US earnings can sway ISA and SIPP returns. We break down what is driving Nasdaq 100 today, the key levels to watch, and simple steps to protect portfolios.