1/22

Why is TQQQ Up Today After AI Investment

The ProShares UltraPro QQQ ETF (TQQQ) closed on January 22nd at $87.80, marking a 3.88% increase, driven by a surge in tech stocks following President Trump's announcement of a $500 billion investment in AI infrastructure. This initiative, involving OpenAI, Oracle, and Softbank, has significantly boosted investor confidence in the tech sector, overshadowing concerns about potential trade tariffs. The Nasdaq 100, which TQQQ tracks, rose 1.33% to 21,853, breaking out of a falling wedge pattern and surpassing the 21,600 resistance level, reinforcing bullish sentiment. Netflix's impressive fourth-quarter results, with a record 19 million new subscribers, further fueled optimism, contributing to the robust rally in the Nasdaq 100.