Prediction markets see Nasdaq-100 rally cooling after AI surge

Prediction markets suggest the Nasdaq-100’s AI-led rally may be losing momentum into year-end. Kalshi pricing shows roughly even odds that the index finishes 2026 above 30,000, implying limited upside from current levels. The article frames this as a shift in sentiment after a strong run in large-cap technology stocks, with traders no longer expecting a straightforward continuation of the surge. The move has market relevance because the Nasdaq-100 is a key barometer for AI and tech leadership; any cooling could pressure sentiment across growth equities and related ETFs such as QQQ. Overall, the piece points to a more cautious, range-bound outlook rather than an extension of the recent momentum trade.