The Invesco QQQ Trust (QQQ) closed on January 6th at $524.54, up 1.15%, as the Nasdaq 100 Index rose 1.09% to 21,559.50, driven by strong performances in the technology sector. Chip stocks led the charge, with Nvidia and Micron posting significant gains following Foxconn's record-breaking revenue report, which highlighted robust demand for AI technologies. Nvidia's shares rose 3.4% ahead of CEO Jensen Huang's keynote speech at a major consumer electronics trade show, further boosting investor sentiment. Additionally, Qualcomm's introduction of new AI-capable chips for personal computers and Microsoft's announcement of an $80 billion investment in AI-enabled data centers fueled optimism. The broader tech rally was supported by easing tariff concerns and positive upgrades in the airline sector, contributing to the overall market uplift.