QQQ Jumps 2.77% as AI Stocks Rally and Yields Drop
The tech ETF extended its winning streak to four sessions, closing at $741.47. AMD hit a $1 trillion valuation while Meta shares surged 11.4%.
Key points
- QQQ rose 2.77% to close at $741.47, extending a four-session winning streak.
- AMD reached a $1 trillion market cap while Meta shares surged 11.4% on an upgrade.
- US Treasury yields fell below 5%, and oil prices declined, supporting tech stocks.
The Invesco QQQ Trust closed Monday at $741.47, marking a 2.77% gain. This move extended the ETF's winning streak to four consecutive trading sessions.
Investors returned to artificial intelligence stocks as US Treasury yields fell below the 5% threshold. The rally brought QQQ to within 1% of its 52-week high.
Chipmakers and social platforms lead the surge
Advanced Micro Devices briefly reached a $1 trillion market capitalization for the first time. This milestone reflected strong investor demand for AI computing infrastructure.
Meta Platforms shares jumped 11.4% after receiving a positive price-target upgrade. The move highlighted growing optimism regarding the company's AI strategy.
The Philadelphia Semiconductor Index climbed 4.3%, signaling robust demand for chip stocks. These gains directly supported the broader performance of the Nasdaq-100 index.
Falling yields and oil prices support growth
Lower bond yields made growth stocks more attractive to investors. This shift favored companies with long-term revenue expectations over fixed income.
Declining oil prices reduced concerns about persistent inflation. This provided additional relief for technology stocks following the recent Federal Reserve rate hike.
Modest growth expected in the coming quarter
StockInvest.us upgraded its QQQ rating from Hold to Buy on Monday. However, the model projects only a 0.42% rise over the next three months.
The ETF remains up 20.7% in 2026, driven by major holdings. These include Nvidia, Apple, Microsoft, and other leading technology firms.
