Invesco QQQ Trust ( $QQQ ) has fallen by 3.53% in the past week. It has experienced a 5-day net inflow of $3.01 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:
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- Nvidia Corporation is experiencing a surge in demand for its new Blackwell chips, driven by the global AI boom. CEO Jensen Huang highlighted the strong demand and the company’s strategic partnerships with major chipmakers like TSMC and SK Hynix to boost supply. Despite export restrictions to China, Nvidia’s revenue is expected to grow significantly, with analysts maintaining a strong buy rating and predicting a 26.2% upside potential.
- Apple Inc has seen a remarkable performance with its iPhone 17, particularly in India and China, contributing to a 37% stock increase over the past six months. The company’s fiscal year ended on a high note with an 8% revenue increase and a 13% rise in earnings per share. Despite a premium valuation, Apple continues to justify its stock price through strategic buybacks and strong service segment growth, maintaining a ‘Moderate Buy’ consensus among analysts.
- Microsoft is advancing in AI, focusing on specialized systems for superhuman-level tasks, particularly in medical diagnostics. Despite a slight dip in stock price, Microsoft’s collaboration with Boeing for flight training and its strong buy consensus from analysts, with a projected 27.6% upside, reflect confidence in its future growth. The company’s strategic AI initiatives and partnerships are expected to bolster its market position.