Invesco QQQ ETF jumps toward 13-month high, as Nvidia shares soar toward best gain in 7 years

The Invesco QQQ Trust Series exchange-traded fund
QQQ,
+2.43%,
which tracks the technology-heavy Nasdaq 100
NDX,
+2.46%,
jumped 2.3% toward a 13-month high in premarket trading Thursday, with a big rally in Nvidia Corp. shares
NVDA,
+24.37%
providing a boost. The QQQs rally comes even as 57 of its components were traded down ahead of the open. Meanwhile, Nvidia’s stock rocketed 29.3% to pace the gainers, which put it on track for the biggest one-day percentage gain since it soared 29.8% on Nov. 11, 2016, after the semiconductor maker’s blow out earnings report. Nvidia was the fourth-highest weighted QQQ component at 5.23% as of March 31. The highest weighted components are Microsoft Corp.
MSFT,
+3.85%
at 12.57%, Apple Inc.
AAPL,
+0.67%
at 12.34% and Amazon.com Inc.
AMZN,
-1.50%
at 6.22%. In Thursday’s premarket, shares of Microsoft rallied 2.9%, Apple tacked on 0.2% and Amazon slipped 0.3%. The QQQs’ rally comes as futures for the S&P 500 gained 0.8%.