QQQ Stock Recent News

Nvidia is one of the most expensive stocks in the world, and that can make it difficult to earn a high return. Growing your portfolio to 40x its value can be possible through an exchange-traded option.

As we head into the final stretch of the year, there are growing signals of a potential year-end rally in equities. The  QQQ  ETF, which tracks the Nasdaq-100 Index, appears particularly poised for a breakout as the price action aligns with favorable market conditions and tech stocks again find bullish catalysts.

NEW YORK--(BUSINESS WIRE)-- #NYCWFF--The Food Network New York City Wine & Food Festival presented by Invesco QQQ (NYCWFF) returns to celebrate its 17th year from October 17 to 20, 2024 with a dynamic array of over 80 events across New York City. From margarita-fueled river cruises and dazzling midnight parties to dessert extravaganzas and beloved marquee events at the Invesco QQQ Festival Campus at Brooklyn Army Terminal, NYCWFF 2024 promises an unforgettable experience for every type of food lover.

While the S&P 500 finished the week once again testing new all-time highs around 5650, the Nasdaq 100 remains rangebound in a symmetrical triangle or “coil” pattern. While this pattern does not necessarily suggest a potential next move for the QQQ, it did lead me to think about four different scenarios that could play out over the next six to eight weeks.

The Invesco QQQ has ridden large technology stocks to massive long-term gains. Growth opportunities in end markets like AI and cloud computing remain intact.

The Nasdaq Composite Index has outperformed last week on looming rate cuts. We have highlighted five best-performing stocks of QQQ that led the way higher.

Several hedge fund managers sold Nvidia stock in the second quarter, while purchasing shares of the Invesco QQQ Trust. The Invesco QQQ Trust tracks several companies well positioned to monetize artificial intelligence, including Microsoft, Amazon, and Alphabet.

VGT offers a competitive investment strategy with a lower expense ratio (10bps) and higher yield (0.65%) compared to QQQ, making it a strong buy for tech sector exposure. VGT's portfolio is highly concentrated, with top holdings Apple, Microsoft, and Nvidia making up 47.08% of the total weight, providing focused tech exposure. Despite concentration risks, VGT performs similarly to QQQ but with lower fees, making it ideal for long-term, buy-and-hold investors.

Inflation in the United States increases at the slowest pace in three years in August. Investors seeking to capitalize on this trend could invest in growth ETFs.

With Nvidia (NVDA) ranking as the primary culprit, AI stocks have pulled back of late. That retrenchment has sparked jitters among some investors.