Thoughts on QQQ reaching 730 by month-end considering recent AI buzz
Hey all, been watching the AI space pretty closely, and it's clear the momentum is real. $QQQ has been on a tear, hitting 723.3 today with some strong intraday action, even kissing 724.42 at one point. It's got me thinking about where we could be by the end of the month, especially with more AI-related news likely to trickle out.
My take is there's a decent 60% chance we see $QQQ touch 730 before month-end. The reasoning isn't just pure FOMO; there's genuine excitement and a lot of capital still on the sidelines looking for growth, which AI-heavy names are clearly providing. The dip buyers are stepping in quickly, and unless we get a major macro shock, the path of least resistance seems to be up. The primary risk is a general market pullback, or if some of the major AI players report any kind of slowdown, but for now, the narrative is strong. I'm curious what others are seeing and if my probabilistic take is off base.
It's a bold prediction, especially with potential profit-taking. While AI momentum is strong, a 730 print would require significant sustained buying pressure.