Invesco NASDAQ 100 ETF Gains on AI Leaders

Invesco NASDAQ 100 ETF ( $QQQM ) has risen by 5.69% in the past week. It has experienced a 5-day net inflow of $1.62 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation remains a core AI hardware play, with Goldman Sachs reaffirming a Buy rating and a $250 target, arguing the stock trades below its historic valuation despite strong demand for its Blackwell GPUs and Grace Blackwell platforms. Analysts see “Agentic AI” as the next growth wave, with expectations for a beat-and-raise Q1 FY27 and consensus targets implying over 30% upside even as some investors rotate toward faster-growing rivals.
• Apple Inc is back in the spotlight after Wedbush’s Daniel Ives lifted his price target to $400, calling Apple a “sleeping tech giant” poised for an AI-driven growth cycle across its massive device base. Alongside a new AI-centric iPhone roadmap and a China-focused partnership with Alibaba, Apple is easing chip bottlenecks via a fresh Intel foundry deal, though Wall Street’s Moderate Buy stance and modest ~7–10% upside forecasts underscore more measured expectations.
• Microsoft faced mixed signals as shares dipped on news that hedge fund TCI slashed a roughly $8 billion stake, citing AI-driven uncertainty around Office and Azure, and as investors fretted over Windows 11’s reliance on 1990s-era Win32 “bedrock” code. Yet analysts remain firmly positive, highlighting strong cloud and AI revenue growth and assigning a Strong Buy rating with consensus targets near $560, implying mid-30% upside even as hedge funds trim exposure and ownership skews toward public and retail holders.