The ProShares UltraPro QQQ ETF (TQQQ) closed at $80.68 on January 8, 2025, up 0.07% as technology stocks saw renewed interest from hedge funds and positive sector flows. The Nasdaq 100, which TQQQ tracks, experienced a modest gain of 0.04% to 21,180.97, buoyed by a favorable upgrade of the Nasdaq exchange by Deutsche Bank, which helped lift tech stocks. Hedge funds were net buyers of technology shares, contributing to the sector's resilience despite recent volatility. The "Magnificent Seven" tech giants, including Nvidia and Tesla, showed mixed performances, with Nvidia gaining 1.7% and Tesla up 0.8%, adding to the sector's strength. Additionally, the market's current regime, described as "tech-friendly," further supported the tech sector's outperformance.