Invesco NASDAQ 100 ETF Sees Outflows Amid AI Volatility

Invesco NASDAQ 100 ETF ( $QQQM ) has fallen by 1.35% in the past week. It has experienced a 5-day net inflow of $318.52 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 as Tigress Financial lifted its target to $360, citing record Q4 FY26 revenue of $68.1 billion, explosive Data Center growth, and rapid adoption of its Blackwell and Vera Rubin GPU platforms. Despite U.S. export‑control risks and Middle East tensions that forced a temporary Dubai office closure, Nvidia retains a Strong Buy rating, with average targets near $272 implying about 50% upside and strong retail investor interest.
• Apple Inc pushed deeper into AI hardware, unveiling M5‑powered MacBook Air, Pro, and the lower‑priced MacBook Neo, plus an iPhone 17e and new iPad Air, aiming to spark a fresh upgrade cycle and attract first‑time Mac buyers. Wedbush and other analysts raised bullish targets as Apple offset higher memory costs with price increases, leaving the stock rated a Moderate Buy with an average goal around $306–$307 and Street‑high calls up to $350–$340 despite recent share underperformance.
• Microsoft shares weakened as investors digested the reveal of “Project Helix,” a high‑end next‑generation Xbox expected around 2027 that can run both Xbox and PC games but arrived without pricing or firm specs. At the same time, markets are grappling with Microsoft’s aggressive AI and cloud capex—set to reach $175–$185 billion in 2026—even as Azure growth, Microsoft 365 Copilot and the Maia 200 AI chip underpin forecasts, with Wall Street maintaining a Strong Buy and average price targets near $594, implying roughly 45%–47% upside.