Nasdaq 100 Pre-Market Indicator Up 174.24, Most Active Stocks: INTC, NVO, TSLL, SQQQ, QBTS, PTON, NVDA, TQQQ, LLY, IONQ, BBAI, JOBY

The NASDAQ 100 Pre-Market Indicator is up 174.24 to 23,489.28. The most active stocks for the pre-market session include Intel Corporation (INTC), Novo Nordisk A/S (NVO), Direxion Daily TSLA Bull 2X Shares (TSLL), ProShares UltraPro Short QQQ (SQQQ), D-Wave Quantum Inc. (QBTS), Peloton Interactive, Inc. (PTON), NVIDIA Corporation (NVDA), ProShares UltraPro QQQ (TQQQ), Eli Lilly and Company (LLY), IonQ, Inc. (IONQ), BigBear.ai, Inc. (BBAI), and Joby Aviation, Inc. (JOBY).

The Nasdaq 100 Pre-Market Indicator opened strong on July 2, 2025, surging by 174.24 points to 23,489.28. This upward trend is driven by optimism around the US technology sector, particularly in Artificial Intelligence (AI) and semiconductor markets. Key events and developments have contributed to the positive sentiment.

Intel Corporation (INTC) was one of the most active stocks in the pre-market session. President Donald Trump has called on Intel CEO Tan Lip-Bu to resign due to potential conflicts of interest, citing concerns about Tan's ties to Cadence Design Systems, which pleaded guilty to violating US export controls by selling hardware and software to China's National University of Defense Technology [3]. Despite the controversy, Intel shares fell only 3.14% at close but were up slightly in extended trading.

Novo Nordisk A/S (NVO), a Danish multinational pharmaceutical company, and Eli Lilly and Company (LLY) also saw increased activity. Novo Nordisk has been making strides in diabetes care solutions, while Eli Lilly has been focusing on innovative medicines and vaccines.

Other notable mentions include Direxion Daily TSLA Bull 2X Shares (TSLL) and ProShares UltraPro Short QQQ (SQQQ), which are leveraged ETFs that track the performance of Tesla Inc. (TSLA) and the inverse performance of the NASDAQ 100, respectively. These ETFs reflect the broader market sentiment towards tech stocks.

D-Wave Quantum Inc. (QBTS), Peloton Interactive, Inc. (PTON), NVIDIA Corporation (NVDA), ProShares UltraPro QQQ (TQQQ), and Joby Aviation, Inc. (JOBY) also saw increased activity. These companies are at the forefront of technological advancements, including quantum computing, fitness technology, electric vehicles, and AI.

The pre-market rally is supported by positive news around AI and the semiconductor sector. OpenAI, the creator of ChatGPT, is considering a stock sale that could value the company at $500 billion, a significant leap from its current $300 billion valuation [1]. Meanwhile, the US Treasury yield curve has flattened, suggesting falling US interest rates and driving investors into the stock market [1].

The Nasdaq 100 CFD Index is expected to continue its medium-term uptrend, with key support levels at 22,945 and potential resistance levels at 23,820 and 24,164/24,220 [1]. The S&P 500 Momentum factor ETF has continued to outperform the S&P 500 ETF, supporting the medium-term and major uptrend phases of the Nasdaq 100 CFD Index [1].

In summary, the Nasdaq 100 Pre-Market Indicator's surge reflects optimism in the tech sector, particularly AI and semiconductors. Key events, such as the potential stock sale by OpenAI and President Trump's call for Intel's CEO resignation, have contributed to the market's sentiment. The medium-term uptrend of the Nasdaq 100 CFD Index is expected to continue, supported by positive technical indicators and the flattening US Treasury yield curve.

References:
[1] https://www.marketpulse.com/markets/nasdaq-100-technical-eyeing-a-new-fresh-all-time-high-supported-by-momentum-and-flattening-us-treasury-yield-curve/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TZ0L3:0-zurich-insurance-seen-up-2-pre-market-after-good-h1-results/
[3] https://www.businesstimes.com.sg/international/trump-asks-intel-boss-tan-lip-bu-resign-what-you-need-know-about-singapore-raised-veteran