The Invesco QQQ Trust Recently Hit a New All-Time High. Is It Still a Good ETF to Buy Right Now?
The Nasdaq-100 index is full of high-priced tech stocks, which could make it a bit riskier to track these days.
Overview
Investing in the top stocks on the Nasdaq exchange has historically been a great move for long-term investors. The Nasdaq-100 index is popular because it gives investors exposure to the top growth stocks on the exchange, and that has resulted in tremendous gains in recent years.
The Invesco QQQ Trust (NASDAQ:QQQ) tracks the Nasdaq-100, and over the past five years, it has more than doubled in value, outpacing the S&P 500, which has risen at a more modest rate of 77% during that same time frame.
Details
However, recently, the Invesco ETF hit a new all-time high, and it comes at a time when the market is growing concerned about artificial intelligence (AI) stocks and a potential bubble that could burst in the near future. Is the ETF still a good buy right now, or has it gotten too risky?
Source
Originally published at www.fool.com.