ProShares UltraPro QQQ (TQQQ) was up 3.54% on Thursday alongside a strong rally for the Nasdaq 100 (NDX). This is due to the fact that ProShares UltraPro QQQ is a leveraged exchange-traded fund (ETF) that seeks to mimic the movement of the NDX, though at three times its rise or fall.

Let's dig into the news that has TQQQ and NDX up today below.

• Strong earnings reports from major tech companies, including Nvidia (NVDA), CrowdStrike (CRWD), and Salesforce (CRM) lifted the stock market higher.
• This has had a ripple effect on the stock market, lifting shares of other stocks tied to the AI sector.
• Another high point today came from the Department of Labor, which reported jobless claims of 203,000, which were below the estimated 208,000.
• All of this positive news has outweighed fears of an escalated trade war, as the Trump administration considers additional tariffs of semiconductors.

What Are ProShares UltraPro QQQ's Top Holdings?

Here's a quick breakdown of the top holdings of the ProShares UltraPro QQQ ETF.

• USD_CASH represents 24.59% of the ETF's holdings.
• ProShares GENIUS Money Market ETF (IQMM) makes up 17.89% of its holdings.
• Nvidia represents 3.2% of its holdings.
• Apple (AAPL) represents 2.9% of the ETF's holdings.
• United States Treasury Bills 0.0% 06-OCT-2026 make up 2.8% of its holdings.
• United States Treasury Bills 0.0% 22-SEP-2026 represent 2.38% of its holdings.
• Microsoft (MSFT) represents 2.33% of its holdings.
• United States Treasury Bills 0.0% 03-SEP-2026 make up 2.25% of its holdings.