Invesco NASDAQ 100 ETF Sees Inflows Amid Mixed Performance

Invesco NASDAQ 100 ETF ( $QQQM ) has fallen by 0.62% in the past week. It has experienced a 5-day net inflow of $1.49 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation heads into its May 20 fiscal Q1 earnings with strong momentum, up about 22% year-to-date and backed by soaring AI GPU demand. Wall Street expects EPS to jump 116% and revenue 79%, while analysts maintain a Strong Buy rating and see roughly 24% upside, making this earnings call a key test of its AI leadership.
• Nvidia Corporation is also tightening its grip on the AI supply chain with big stakes in AI cloud player CoreWeave and chip‑materials supplier Coherent, moves aimed at reducing supply risk and extending growth beyond chip sales. Regulatory approval for Chinese firms to buy its H200 chips recently lifted the stock, reinforcing broad investor confidence and deep institutional ownership.
• Apple Inc has surged to fresh record highs after a weak start to the year, helped by strong earnings, an upcoming CEO transition to hardware chief John Ternus, and rising expectations for new AI features like an upgraded Siri. Evercore ISI’s Amit Daryanani lifted his price target and even mapped a bull case toward $500 per share, arguing Apple’s services, premium hardware and AI upsell potential are still underappreciated.
• Apple Inc is cutting prices on select iPhone 17 models in China ahead of the 618 shopping festival, leaning on trade‑in subsidies to keep users locked into its ecosystem as it prepares an AI overhaul. Despite softer iPhone concerns and intense local competition, Wall Street maintains a Moderate Buy view, with average targets implying mid‑single‑digit upside as investors bet on services, AI and potential foldable iPhones to drive the next leg of growth.
• Microsoft has attracted a high‑profile endorsement from Bill Ackman, whose Pershing Square funds have made the stock a core holding, calling its valuation “highly compelling” after a double‑digit pullback. His thesis centers on the resilience of Microsoft 365 and Azure, which generate about 70% of revenue, plus underappreciated assets like LinkedIn, Xbox, Activision Blizzard and a 27% OpenAI stake supporting a long AI growth runway.
• Microsoft is also moving to shore up product quality and expand its gaming ecosystem, unveiling a cloud‑based driver recovery tool that automatically rolls back bad updates and a slimmer Wi‑Fi cloud controller with a rechargeable battery. Analysts remain firmly bullish with a Strong Buy consensus and average price targets around $560 per share, implying roughly 30%–37% upside as the company ramps an aggressive $190 billion AI‑focused capex plan for 2026.