---
title: "Why Is Invesco QQQ Trust ETF (QQQ) Inching Higher, 5/7/2026?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285546992.md"
description: "The Invesco QQQ Trust ETF (QQQ) rose 0.06% in pre-market trading, driven by optimism over a potential U.S.-Iran agreement to end the conflict. On Wednesday, QQQ increased by 2.08% following reports of the deal and positive sentiment from Advanced Micro Devices' strong Q1 results, boosting AI chip demand. Over the past five trading sessions, QQQ has gained 5.89% and is up 41% year-to-date."
datetime: "2026-05-07T11:58:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285546992.md)
  - [en](https://longbridge.com/en/news/285546992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285546992.md)
---

# Why Is Invesco QQQ Trust ETF (QQQ) Inching Higher, 5/7/2026?

The Invesco QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100 Index (NDX), was up 0.06% in Thursday's pre-market trading on hopes of the U.S. and Iran reaching an agreement to end the war.

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On Wednesday, QQQ gained 2.08% after _Axios_ reported that the U.S. and Iran are nearing a deal to end the conflict. Also, Advanced Micro Devices' (AMD) stellar Q1 results lifted investor sentiment about AI chips demand.

Overall, the QQQ ETF has gained 5.89% in the past five trading sessions and 41% year-to-date.

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