QQQ is trading 1.9% up today as a sharp rally in Microsoft lifts the tech-heavy index, signaling a recovery from recent macroeconomic and geopolitical volatility.
- Microsoft shares surged nearly 10% following a blowout earnings report, fueled by accelerating Azure cloud revenue and robust AI-related growth.
- The strength in Microsoft is boosting broader large-cap tech and AI sentiment, helping the market bounce back from the prior day’s Fed-driven selloff.
- Gains are being partially tempered by Meta, which remains a drag on the index after reporting an earnings miss and issuing heavy AI capital expenditure guidance.