Core Insights - Congress Park Capital LLC increased its holdings in Invesco NASDAQ 100 ETF (QQQM) by 10,764 shares, amounting to an estimated $2.54 million trade during Q3 2025, bringing total holdings to 32,844 shares valued at $8.12 million [2][9] Investment Strategy - The Invesco NASDAQ 100 ETF (QQQM) aims to track the performance of the Nasdaq-100 Index by investing at least 90% of its assets in the underlying securities, providing exposure to 100 of the largest nonfinancial companies listed on the Nasdaq Stock Market [4] Performance Metrics - As of October 7, 2025, QQQM shares were priced at $248.85, reflecting a 25.4% increase over the past year, outperforming the S&P 500 by 8.0 percentage points [3] - The fund's total assets under management (AUM) stand at $64.34 billion, with a distribution yield of 0.5% [3] Market Context - The tech-heavy NASDAQ has experienced significant growth, driven by various AI-related companies, including chipmakers and software firms, which have positively impacted QQQM's performance [10] - The rise in Bitcoin value has also contributed to the ETF's attractiveness, as many public companies in the NASDAQ are involved in cryptocurrency [10] Fund Structure - QQQM operates as a passively managed ETF that tracks an index, maintaining a non-diversified structure with a focus on large nonfinancial companies [5][6]

"Chipmakers such as NVIDIA, AMD, and Broadcom have become central beneficiaries of demand for graphics processing units (GPUs) and specialized chips. Cloud providers like Microsoft, Amazon, and Google are spending tens of billions of dollars annually in AI capacity by embedding it into their ecosystems and creating subscription-based revenue stream,†added Schwab. All six of the stocks mentioned above are QQQ/QQQM holdings, and major ones at that. On a related note, the Invesco ETFs hold each of the Magnific ...

Core Insights - The conversation around AI adoption is gaining momentum, particularly in sectors like healthcare, which could significantly benefit from AI integration [1][2]. Healthcare Sector Opportunities - Healthcare is recognized as a credible long-term adopter of AI, with the potential for massive integration in the coming years [2]. - The U.S. healthcare costs are projected to reach a quarter of the GDP by 2050 if unaddressed, highlighting the urgent need for AI solutions [4]. - AI applications in healthcare could lead to savings between $400 billion to $1.5 trillion, according to Morgan Stanley [4]. AI Applications and Savings - AI's role in drug discovery could generate savings of $100 billion to $600 billion over the next 25 years, while hospital-related savings could reach $900 billion [5]. - Hospitals can achieve cost savings of 10% to 20% through AI, translating to potential savings of $300 billion to $900 billion by 2050 [6]. - The broad applications of AI in healthcare, including staffing optimization and supply chain improvements, indicate significant long-term opportunities for ETFs like QQQ and QQQM [5][6]. Political Landscape - There is bipartisan support for reducing healthcare costs, suggesting limited political risk for the adoption of AI in the healthcare sector [6].

Core Insights - The conversation around AI and robotics often includes concerns about negative impacts on the job market, but historical trends suggest technology can reshape work positively [1][5]. Economic Impact - Morgan Stanley estimates that full AI adoption by S&P 500 firms could yield $920 billion in long-term economic benefits and increase market capitalization by $13 trillion to $16 trillion [2]. - AI adoption through ETFs like Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) presents investment opportunities without necessarily supporting job elimination [3]. Job Market Dynamics - Historical evidence indicates that technological revolutions have historically altered job types and employment levels, often leading to net positive job growth despite initial fears of displacement [5]. - The emergence of Agentic AI, a more advanced form of AI, is expected to create higher-value tasks and new job positions rather than simply displacing existing jobs [6][7]. Industry Adoption - Key industries poised to embrace AI for efficiency and profitability include consumer staples, real estate, and transportation, suggesting significant growth potential for QQQ and QQQM investors [8].

Group 1 - The Nasdaq-100 Index (NDX) increased by 1.84% last week, bringing its year-to-date gain to nearly 15%, partly due to market expectations of an interest rate cut by the Federal Reserve [1] - The Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) are likely to benefit from potential rate cuts, as the tech sector has longer-dated cash flows compared to other sectors [2] - Significant advancements in artificial intelligence (AI) are crucial for QQQ and QQQM investors, as these ETFs include many AI leaders [3] Group 2 - Although AI technology is not perfect, ongoing incremental progress is sufficient to drive gains for funds like QQQ and QQQM [4] - The rate of change in AI is described as "unprecedented," indicating that AI leaders within QQQ and QQQM are making substantial advancements [5] - AI-related semiconductor developments are relevant for QQQ and QQQM investors, as these ETFs contain various AI-linked chip companies [6] Group 3 - AI presents opportunities and challenges, particularly concerning privacy and safety, which could benefit cybersecurity companies in the ongoing "cat and mouse battle" between AI attackers and defenders [7]

Core Insights - The upcoming earnings season for S&P 500 firms is expected to be strong, with analysts increasing earnings per share (EPS) forecasts significantly [1][4] Group 1: Earnings Season Expectations - Analysts have boosted EPS forecasts for S&P 500 member firms, indicating a potentially strong earnings season [1] - July and August marked the first time since Q2 2024 that analysts raised aggregate EPS forecasts in the initial two months of a quarter [4] Group 2: ETF Opportunities - Investors may consider Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) as potential beneficiaries of the upcoming earnings season, particularly due to strong performances from Nvidia and Broadcom [2][4] - Nvidia and Broadcom together account for nearly 15% of the holdings in QQQ and QQQM, suggesting these ETFs could be poised for success during earnings updates [2] Group 3: Sector Performance - Five out of eleven sectors saw an increase in their bottom-up EPS estimates for Q3 2025, with Information Technology (+4.4%), Energy (+4.0%), and Communication Services (+2.6%) leading the way [5] - Conversely, the Health Care sector experienced a significant decrease in EPS estimates (-7.2%), while Utilities showed no change [5] - The technology and communication services sectors, which make up about 79% of QQQ and QQQM, are expected to contribute positively to EPS growth [5] Group 4: Full-Year Earnings Revisions - Positive signs for full-year earnings revisions are noted in sectors like communication services and consumer discretionary, which together represent over 29% of the ETFs' portfolios [6][7] - Seven sectors increased their bottom-up EPS estimates for CY 2025, with Communication Services (+4.0%), Financials (+3.3%), and Consumer Discretionary (+3.0%) leading the increases [7]

Core Insights - The adoption of AI is rapidly expanding beyond financial services and healthcare into the global sports industry, which presents significant investment opportunities for AI-focused ETFs like Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) [1] Industry Overview - The global sports industry generated sales of $521 billion, with an annual growth rate of 8%, indicating potential for further AI integration [2] - The industry could increase its annual sales by 25%, or $130 billion, through accelerated technology adoption, including AI [4] Financial Implications - Increased usage of AI and technology can enhance revenue streams for sports franchises and related businesses across various sectors such as media, live events, video games, gambling, and the internet [4] - Events sales, which account for nearly half of the sports industry's total revenue, could rise by 21% with the help of AI [6] Demographic Trends - Younger demographics, particularly fans under 35, are more likely to spend on sports if the experience is digital-first, highlighting the importance of digitization in attracting this audience [5] Technological Advancements - AI can optimize ticket pricing based on factors like weather, league standings, and team popularity, potentially boosting attendance and sales [6] - Smart venues are implementing technologies like facial recognition to enhance customer experience through faster entry and purchases [6]

Core Viewpoint - The Invesco NASDAQ 100 ETF (QQQM) is a passively managed fund designed to provide broad exposure to the Large Cap Growth segment of the US equity market, with significant assets under management and low expense ratios [1][4]. Group 1: Fund Overview - QQQM was launched on October 13, 2020, and has accumulated over $56.89 billion in assets, making it one of the largest ETFs in its category [1]. - The fund is sponsored by Invesco and aims to match the performance of the NASDAQ-100 Index, which includes 100 of the largest non-financial companies listed on Nasdaq [7]. Group 2: Investment Characteristics - Large cap companies, defined as those with market capitalizations above $10 billion, are generally more stable and less volatile than mid and small cap companies [2]. - Growth stocks, which QQQM primarily invests in, exhibit faster growth rates and higher valuations compared to the broader market, although they tend to be more volatile [3]. Group 3: Cost Structure - The annual operating expense ratio for QQQM is 0.15%, positioning it as one of the least expensive ETFs in the market [4]. - The ETF has a 12-month trailing dividend yield of 0.53% [4]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising approximately 53.3% of the portfolio, followed by Telecom and Consumer Discretionary sectors [5]. - Nvidia Corp (NVDA) is the largest holding at about 9.15% of total assets, with the top 10 holdings accounting for approximately 50.54% of total assets under management [6]. Group 5: Performance Metrics - As of August 12, 2025, QQQM has increased by about 12.36% year-to-date and 27.91% over the past year, with a trading range between $171.40 and $236.52 in the last 52 weeks [7]. - The ETF has a beta of 1.15 and a standard deviation of 21.74% over the trailing three-year period, indicating a moderate level of risk [8]. Group 6: Competitive Landscape - QQQM holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong expected performance based on various factors [9]. - Other comparable ETFs include the Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), with VUG having $184.51 billion in assets and an expense ratio of 0.04%, while QQQ has $363.71 billion in assets and charges 0.2% [10]. Group 7: Investment Appeal - Passively managed ETFs like QQQM are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency [11].

Group 1 - Invesco NASDAQ 100 ETF (QQQM) has reached a 52-week high and is up 40% from its 52-week low price of $165.72/share [1] - The ETF provides exposure to 105 of the largest domestic and international non-financial companies listed on Nasdaq, with an annual fee of 15 basis points [1] - The recent surge in the Nasdaq index is attributed to strong earnings from major companies like Alphabet and Meta Platforms, which are increasing their capital spending and investing in artificial intelligence [2] Group 2 - QQQM currently holds a Zacks ETF Rank 1 (Strong Buy), indicating potential for continued outperformance in the coming months [3] - The sectors represented in QQQM have a strong Zacks Industry Rank, suggesting promising opportunities for investors looking to capitalize on the ETF's upward momentum [3]

Market Overview - The Nasdaq Composite Index has been reaching new records, driven by strong corporate earnings, AI optimism, and expectations of Federal Reserve policy support [1] - ETFs tracking the Nasdaq, such as Invesco QQQ and QQQM, have gained momentum alongside the index [1] Earnings Season - The second-quarter earnings season has started strong, with S&P 500 earnings from 62 companies up 9.3% year-over-year, supported by a 5.8% increase in revenues [2] - Approximately 82.3% of companies have beaten EPS estimates, indicating a favorable outlook for future earnings [2] AI Impact - The generative AI trend is a significant growth driver for Nasdaq, with increased demand for data centers, GPUs, and AI-focused software [4] - Companies like Advanced Micro Devices, Broadcom, and Palantir are experiencing heightened investor interest due to their involvement in AI [4] Interest Rate Expectations - Markets are anticipating at least one rate cut by the Federal Reserve later this year, which would benefit high-growth tech stocks sensitive to borrowing costs [5] - Fed Chair Jerome Powell's upcoming speech may provide further insights into monetary policy direction [5] Global Investment Trends - International investors are increasingly returning to U.S. tech stocks, viewing them as a safe haven amid geopolitical tensions and economic uncertainty in other regions [6] - This trend is contributing to capital inflows into Nasdaq-tracking ETFs like QQQ and QQQM [6] ETF Highlights - Invesco QQQ (QQQ) has an AUM of $357.1 billion and an average daily volume of 44 million shares, charging 20 bps in annual fees [7] - Invesco NASDAQ 100 ETF (QQQM) has lower annual fees of 15 bps and an AUM of $55.1 billion, with a focus on the top three firms [9] - First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) has an AUM of $1.9 billion and charges 55 bps in annual fees [10] - Invesco NASDAQ Next Gen 100 ETF (QQQJ) holds 111 securities with an AUM of $629.1 million and charges 15 bps in annual fees [11] - Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has an AUM of $1.2 billion and charges 35 bps in annual fees [12] Conclusion - The momentum of the Nasdaq is likely to be tested with major earnings reports from tech companies, but the current sentiment remains bullish [13]