#NasdaqETFUpdate The NASDAQ ETF (QQQ) is riding a wave of bullish momentum, hitting fresh highs as tech stocks continue to outperform. Driven by gains in AI-related companies, semiconductors, and big tech giants like Apple, Microsoft, and Nvidia, the ETF has shown strong resilience in the face of broader market uncertainty.

Recent economic data, including a cooling labor market and signs of slowing inflation, have fueled speculation around a potential rate cut by the Federal Reserve, which is bullish for growth stocks. This macro backdrop, combined with strong earnings reports in the tech sector, has kept the QQQ on an upward trajectory.

Key Drivers Behind the Surge:

AI & Chip Stocks: Nvidia’s explosive performance and the ongoing AI boom have boosted sentiment across tech ETFs.

Fed Policy Shift: Softer inflation and employment data are increasing the odds of monetary easing.

Tech Earnings Strength: Big names in the index continue to deliver solid results, reinforcing investor confidence.

From a technical standpoint, the QQQ is trading above key moving averages, with the RSI indicating strong momentum but not yet overbought. Traders are watching closely for a potential breakout continuation beyond its previous all-time high, with $450 acting as the next resistance zone.

For investors, this surge suggests continued bullish sentiment in the tech-heavy NASDAQ sector. However, it’s wise to stay cautious of volatility as macroeconomic announcements and earnings reports roll in.