Zacks Investment Ideas feature highlights: QQQ, NVIDIA, CoreWeave, Nebius, TeraWulf, Cipher and IREN

For Immediate Release

Chicago, IL – August 28, 2026 – Today, Zacks Investment Ideas features Nasdaq 100 Index ETF QQQ, NVIDIA NVDA, CoreWeave CRWV, Nebius Group NBIS, TeraWulf WULF, Cipher Digital CIFR and IREN IREN

Why the Summer Slump Is Setting Up Wall Street's Next Rally

Choppy summer trading is nothing new on Wall Street, so it’s no surprise to seasoned investors that it once again occurred in 2026. However, three strong signals are emerging that the bull market is set to begin its second half advance, including:

QQQ Bullish Open/Close Historical Data

X user OddStats (@OddStats) just revealed an “odd stat” about the Nasdaq 100 Index ETF. QQQ just registered its 8th consecutive session closing below where it opened. While this may sound like a market ready to continue a bearish downtrend, the historical data suggests otherwise. In fact, in such instances in the past, the one-month, six-month, and one-year forward returns were positive 100% of the time. Additionally, forward returns were much higher than the average returns. For instance, the median one-year forward return was a juicy 30.59%.

AAII Sentiment Survey: A Contrarian Indicator

The American Association of Individual Investors has conducted the AAII Sentiment Survey since 1987. The survey asks individual investors where they think the market is heading over the next six months and has done so since 1987. Bearish sentiment has now outweighed bullish sentiment for six consecutive weeks. The last time bearish sentiment outweighed bullish sentiment was in April, just before equities enjoyed a multi-week run.

NVIDIA Crushes Wall Street Expectations

NVIDIAis not only the largest company on the planet; it is also a bellwether for the most important and fastest-growing industry – artificial intelligence. Last night, NVIDIA smashed Wall Street estimates despite lofty expectations. Revenue of $96.2B beat Wall Street estimates of $91.9B while EPS of $2.22 beat estimates of $2.09. Meanwhile, NVIDIA announced that Neocloud partners are expected to scale from ~3GW to 8GW of installed capacity this year. CoreWeave, Nebius Group, TeraWulf, Cipher Digital and IREN  jumped on the news.

Bottom Line

Despite the seasonal summer volatility, underlying technical trends, sentiment metrics, and tech fundamentals continue to build a strong foundation for equities.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

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