What moved the Nasdaq today?

Nasdaq today benefited from a return to AI leaders and softer oil prices, which eased inflation worries. Megacap tech rallied on renewed demand and Nvidia’s multi-year US$1 trillion AI chip outlook. Traders also cited dip-buying after recent weakness, improving breadth across large, liquid names while geopolitical risks remained a watchpoint.

How do easing oil prices affect tech stocks?

Lower oil prices reduce cost pressures across the economy and can support consumer and enterprise demand. That often helps growth valuations and earnings visibility. When energy cools without hurting global demand, investors may rotate back into high-quality tech, pushing indices like the Nasdaq-100 higher while maintaining selectivity across the sector.

Is Nvidia’s US$1T AI outlook realistic near term?

It is a multi-year target tied to data center buildouts, networking, and software. Near term, supply constraints, cyclical spending, and competition can affect the path. Still, analysts remain broadly positive on Nvidia’s leadership and profitability. We track order signals, gross margins, and data center capex to gauge durability through 2026 and beyond.

What should Canadian investors watch next?

Focus on oil trend, geopolitical risk, and whether breadth improves beyond megacaps. Watch the Nasdaq-100’s mid-Bollinger level for confirmation of follow-through. Nvidia’s May 20, 2026 earnings is a key catalyst. Align US exposure with your CAD or USD view, and use staged entries with clear risk controls to navigate volatility.

Global Market Insights

^NDX Today: March 17 – AI Rally Resumes as Oil Retreats, Megacap Tech Leads

ByDanny Kontos March 17, 2026March 17, 2026

Nasdaq today climbed as the Nasdaq-100 led a renewed tech rebound while oil prices eased. For Canadian investors, the move highlighted how megacap tech can offset energy uncertainty. Nvidia’s multi-year US$1 trillion AI chip revenue outlook helped restore risk appetite. With geopolitics and crude volatility still near the surface, we unpack what powered the bounce, what the charts say, and how to position in CAD. Here is what to know on Monday, March 17.