From Nasdaq:

The Invesco QQQ Trust saw a 54% surge in 2023, outpacing the S&P 500. Trends like AI tech and cost-cutting moves bolstered big tech. Stock prices tripled for companies like Nvidia and Meta Platforms while companies like Tesla and major tech players like Microsoft and Apple also saw significant increases. The QQQ ETF rose 54% in 2023, doing much better than the S&P 500. Tech stocks have boomed, but the ETF’s price-to-earnings ratio is significantly higher than the S&P 500. The Motley Fool Stock Advisor team believes that now might not be the best time to invest in the Invesco QQQ Trust ETF.



Read more: Why the Invesco QQQ ETF Jumped 54% in 2023