The Invesco QQQ ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was down 0.24% in Wednesday’s pre-market trading amid persistent concerns about an artificial intelligence (AI) bubble.
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The QQQ ETF fell 0.23% on Tuesday, as all major indices closed in the red, reflecting continued worries about the valuations of tech and AI stocks.
Notably, the QQQ ETF has declined 0.03% over the past five days, but is up about 22.1% year-to-date. Overall, the QQQ had a strong run in 2025 despite the recent pressures on tech stocks. It is worth noting that the QQQ ETF recently converted from a unit investment trust to an open-end fund. Also, it lowered the annual fee to 0.18% from 0.20%.
QQQ’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, QQQ is a Moderate Buy. The Street’s average price target of $736.39 for the QQQ ETF implies an upside potential of about 19%.
Currently, QQQ’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Warner Bros. Discovery (WBD)
- Tesla (TSLA)
- Marriott International (MAR)
- Paccar (PCAR)
- Old Dominion Freight Line (ODFL)
Revealingly, QQQ ETF’s Smart Score is eight, implying that this ETF is expected to outperform the broader market over the long term.
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