Nasdaq Hits Record High as Trump Rebrands AI as Super Intelligence

Key Facts

1The Nasdaq closed at a record high for the second consecutive session while the Dow slipped and the S&P 500 finished flat.

2President Trump told the UN General Assembly that US documents will replace the term 'artificial intelligence' with 'super intelligence'.

In a move reflecting sustained momentum in the technology sector, the Nasdaq Composite reached a new record closing high for the second consecutive session. According to reports, major indices showed mixed performance as the S&P 500 finished flat while the Dow Jones Industrial Average trended lower. This record-breaking run highlights the continued investor appetite for tech-heavy growth stocks.

On the policy front, President Trump informed the UN General Assembly of a shift in US terminology, replacing 'artificial intelligence' with 'super intelligence' in official documents. Trump argued that the term 'artificial' sounds fake, preferring 'super' to characterize American technological advancements. Per market data, NDAQ shares closed at $94.69 (close September 21, 2026).

Looking ahead, investors are monitoring technical levels following the new peak, with NDAQ reaching a daily high of $94.89 (close September 21, 2026). In the absence of immediate major economic catalysts in the upcoming calendar, market focus remains on whether this technical momentum can be sustained alongside the administration's rhetorical shift regarding the tech sector.