Overview of the current situation
1. The Nasdaq Composite turned 'green' in 2025
After the crash in the early stages of the year, Nasdaq has returned to positive territory, rising due to optimism in the technology sector and easing trade risks.
2. Key growth drivers
AI and semiconductors: NVIDIA and Broadcom are key catalysts, especially in light of strong quarterly reports.
Easing trade tensions: The US announced a temporary reduction in tariffs regarding China, the EU, and the UK.
3. Capital flows into ETFs
Invesco QQQ and QQQM have significantly risen — investors are flocking into NASDAQ-100 funds.
SPDR Portfolio S&P 500 (SPLG) attracted $708.8 million in inflows — indicating capital distribution across the broad market.
The correction came earlier, but stabilization is now observed — positioning is becoming more confident.
What this means for investors
1. The technical picture is positive
QQQ is trading around $532, close to yearly highs. Volumes support this level, signaling sustained interest.
2. The AI sector is a key catalyst
The ongoing growth of companies like NVIDIA creates a foundation for a future rally in the technology sector.
3. Trading environment
The temporary easing of tariffs allows risky assets (including Nasdaq ETFs) to return to investors' focus.
4. Portfolio balance
Inflows into SPLG indicate that part of the capital is being redistributed into less volatile assets — a form of 'cooling' risk.