Invesco QQQ Trust’s AI Holdings Drive 616% Decade Surge as Emerging Markets ETF Hits 25%
QQQ•Invesco QQQ Trust’s AI-focused holdings in Nvidia, Apple, Microsoft, Amazon and Micron account for over 30% and have fueled a 616% gain over the past decade. The iShares MSCI Emerging Markets ETF has risen 25% year-to-date, driven by Asian semiconductor names comprising nearly 28% of its portfolio and surpassing QQQ.
1. QQQ’s AI Portfolio Concentration
Invesco QQQ Trust’s top five holdings—Nvidia, Apple, Microsoft, Amazon and Micron—collectively represent more than 30% of the ETF’s total assets, reflecting its heavy exposure to artificial intelligence and cloud computing themes.
2. Decade-Long Performance
Over the past decade, Invesco QQQ Trust has delivered a cumulative return exceeding 616%, equating to a 6.5-fold increase in net asset value, underscoring its dominance in long-term growth strategies.
3. Emerging Markets ETF Soars in 2026
The iShares MSCI Emerging Markets ETF has risen 25% year-to-date as of May 2026, propelled by Asian semiconductor giants that account for nearly 28% of its portfolio, with Taiwan Semiconductor Manufacturing alone representing 14.28%.
4. Asian Semiconductor Rally Shifts Market
South Korean and Taiwanese equity markets, pivotal to the AI hardware supply chain, have surged 87.2% and 52.4% respectively this year, elevating Taiwan to the fifth-largest stock market globally and boosting its chipmakers’ valuations.
