---
title: "The Nasdaq hits a new high, is this rebound for real? -- Data from Longbridge Skill"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39958361.md"
description: "Last night, QQQ closed at 637.40. From the low of 558 points at the end of March due to tariff concerns, it has rebounded more than 14% in just 20 trading days, and the components of the Nasdaq index have also collectively recovered. Many Longbridge community members are starting to ask: Is this rebound reaching its peak, or is there a bigger rally ahead? I used Longbridge's skill to pull the data and will share my views. [QQQ daily K-line chart since April, showing the rebound from 558 to 637] 1. The underlying logic of the rebound: Not fundamentals, but a repair of the expectation gap. The drop at the end of March wasn't due to earnings..."
datetime: "2026-04-16T07:00:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39958361.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39958361.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39958361.md)
author: "[悦悦](https://longbridge.com/en/profiles/1450678.md)"
---

# The Nasdaq hits a new high, is this rebound for real? -- Data from Longbridge Skill

Last night, QQQ closed at 637.40. From the low of 558 points at the end of March due to tariff shocks, it has rebounded over 14% in just 20 trading days, with Nasdaq component stocks also collectively recovering. Many Longbridge community members are starting to ask: Is this rebound reaching its peak, or is there a bigger trend ahead? I used Longbridge's skill to pull the data and will share my views.

_\[QQQ daily K-line chart since April, showing the rebound from 558 to 637\]_

**1\. The underlying logic of the rebound: Not fundamentals, but a repair of expectation gaps**

The drop at the end of March wasn't about earnings; it was the pricing of the【worst-case tariff scenario】. When the market began to realize there was still room for trade negotiations, panic receded, and capital naturally flowed back into high-volatility assets like the Nasdaq. QQQ's single-day gain of 3.9% on April 8 corresponded precisely to the news of negotiation progress landing, which is a key turning point.

**2\. Performance of leading stocks: AI hardware leads, Apple catches up**

Yesterday, I used Longbridge to pull quotes for several core component stocks: NVDA 198.87 (intraday high of 200.40, just a step away from its previous high), AAPL 266.43 (+2.9%, showing clear signs of a catch-up rally), META 671.58 (consolidating in the 660-680 range for several days). The sustainability of this Nasdaq rally largely depends on whether NVDA can effectively break through 200.

_\[Comparison of quotes for NVDA / AAPL / META, Longbridge skill screenshot\]_

**3\. Where are the risks? Don't forget the fundamentals haven't been reported yet**

The problem with this rebound is that it's driven by sentiment repair, not earnings. Q1 earnings reports for Nasdaq components haven't been widely disclosed yet, and the actual impact of tariffs remains unknown. If subsequent earnings reports show companies lowering capex or guidance, the market will come under pressure again. Therefore, personally, I wouldn't chase heavily at this level. Instead, I'd hold onto positions already established earlier and wait for the earnings season to provide clearer clues.

In summary, this new high is driven by a combination of sentiment and liquidity; fundamental validation awaits the earnings season. The direction is fine, but the pace requires caution. Welcome, Longbridge community members, to discuss your judgment on this market move, especially regarding the NVDA 200 level—do you think it can break through?

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