Popular QQQ ETF faces a crucial moment with Nvidia earnings on deck after its rare pullback

MarketWatch

by Christine Idzelis

February 25, 2026

AI-Generated Deep Dive Summary

The popular QQQ ETF, which tracks the Nasdaq-100 Index, has experienced a rare decline over the past 50 days—a downturn that is uncommon for this tech-heavy fund, according to DataTrek Research. This unusual pullback comes as the ETF approaches a critical moment ahead of Nvidia's upcoming earnings report. Investors are closely watching how the market will react to Nvidia's results, given its significant influence on the tech sector and the broader markets. The QQQ ETF has historically shown resilience, with such extended losses being a rare occurrence. This decline reflects broader concerns about the high valuations of technology stocks and potential risks in the financial markets. As one of the largest and most closely watched ETFs, this pullback could signal shifting investor sentiment or increased volatility, particularly as tech companies like Nvidia are expected to play a pivotal role in driving future market performance. With Nvidia's earnings on the horizon, all eyes are on whether the company can meet or exceed expectations, which could either stabilize or further impact the QQQ ETF. Nvidia's results may also provide insights into the health of the broader technology sector and its ability to sustain growth amid economic uncertainties. This makes the upcoming earnings report a key event for investors tracking both the tech sector and the overall markets. The outcome of this pivotal moment for the QQQ ETF will likely have significant implications for financial markets. If Nvidia's earnings fail to meet forecasts, it could exacerbate the ETF's decline and raise concerns about the sustainability of the tech-driven recovery. Conversely, strong results from Nvidia and other key components of the QQQ ETF could help reverse the recent downturn and restore investor confidence in the sector. For readers interested in finance and markets, this situation highlights the interconnectedness of major tech companies

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Originally published on MarketWatch on 2/25/2026