QQQ's 46% Annual Return Driven by AI Infrastructure Concentration in Mega-Cap Tech
The Invesco QQQ ETF delivered 46% returns in 2025 and 456% over 10 years, powered by AI infrastructure investments in mega-cap technology companies. The top holding crossed $3 trillion market cap as AI-focused stocks drove index performance, raising concerns about concentration risk and valuation levels reminiscent of the 1995 internet boom.
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