Invesco QQQ rose 2.1% on Feb. 6, 2026, on Fed rate cut hopes and strong analyst sentiment, despite concerns over AI spending and economic risks.

Invesco QQQ (QQQ) rose 2.1% to $609.65 on February 6, 2026, driven by expectations of Federal Reserve rate cuts and bullish analyst sentiment, though gains were tempered by concerns over Alphabet’s rising AI spending, a market shift to value and defensive sectors, and broader macroeconomic risks including recession fears and AI hype fatigue. The ETF, which tracks the Nasdaq-100 Index, posted a 12-month range of $402.39 to $637.01, with a 50-day moving average of $619.69 and a 200-day average of $602.00. It raised its quarterly dividend to $0.7941, yielding 0.5% annually. Institutional ownership stood at 44.58%, with several firms adjusting their stakes, including Bessemer Group reducing its position and Ironwood Investment Counsel increasing its holding by 43.7%.