QQQM is trading 2.2% up today as megacap and AI-linked tech stocks extend a strong rally following robust earnings from industry leaders.
- Strong quarterly results from Microsoft, Meta, Alphabet, and Amazon are keeping the Nasdaq and broader tech complex bid.
- A risk-on tone is supported by lower geopolitical risk around Iran, softer oil prices, and upbeat manufacturing data.
- The fund, which is heavily tilted toward the information technology sector, continues to benefit from sustained momentum in AI-related names.