Invesco NASDAQ 100 ETF Gains on AI Leaders

Invesco NASDAQ 100 ETF ( $QQQM ) has risen by 4.78% in the past week. It has experienced a 5-day net inflow of $375.75 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation stayed at the center of the AI trade this week, with its stock up about 74% over 12 months and analysts still calling it a Strong Buy despite bubble worries. New research highlights surging demand for its Hopper, Blackwell, and future Rubin chips, with some forecasts seeing data center sales topping $200 billion in FY2026 and even the lowest price targets still implying solid upside.
• For Nvidia Corporation, Wall Street targets now range from roughly $220 to $380 per share, with an average near $274 implying more than 50% potential gains from current levels. However, investors are watching May’s earnings closely, as expectations for nearly 78% revenue growth leave little room for a miss, and big customers like Amazon and Microsoft developing in-house chips could slowly chip away at Nvidia’s pricing power.
• Apple Inc is leaning heavily into AI as it prepares a major Siri overhaul for iOS, iPadOS, and macOS 27, aiming to turn the assistant into a more capable chatbot that can handle multi-step commands and summarize web content. These upgrades are meant to narrow the gap with tools like ChatGPT and Gemini, while tighter integration with third‑party apps and smarter typing features could drive deeper engagement across Apple’s hardware base.
• On the financial side, Apple Inc continues to shrug off tariff and supply-chain risks, having absorbed an estimated $3.3 billion tariff hit while still delivering record quarterly revenue and double‑digit iPhone growth. The stock carries a Moderate Buy rating, with an average target around $304 implying roughly 20% upside, and remains a cornerstone holding for investors such as Warren Buffett, who has signaled willingness to add on weakness.
• Microsoft is emerging as a key way to play the AI boom even after a 23% year‑to‑date share-price slide, as its Copilot strategy shifts from free bundling to paid subscriptions and early “audacious” sales goals are being met. Analysts see Copilot’s integration across Microsoft 365, security, and data tools as a powerful driver of higher revenue per user, underpinning a Strong Buy consensus and average targets near $582, or about 56% upside.
• At the same time, Microsoft is investing aggressively for long-term AI growth, unveiling a $10 billion plan to expand data centers and train workers in Japan while warning of new threats like “AI recommendation poisoning” that could undermine trust in AI tools. By pairing global infrastructure buildouts with a high-profile security stance, the company is positioning its cloud and AI platforms to remain core holdings for investors seeking durable exposure to the next wave of tech spending.