TQQQ Drops 14.28% as Qqq Stock Sinks on Friday
TQQQ fell 14.28% on Friday, with qqq stock sliding 4.8% in the same session as weak AI revenue guidance from Broadcom hit the Nasdaq-100. The move cut a $10,000 position in ProShares UltraPro QQQ to about $8,570 by the close.
Friday's 4.8% QQQ slide
4.8% was the drop in Invesco QQQ Trust, which had its worst day since April 2025. Broadcom's light AI revenue guidance helped trigger the selloff, and the Nasdaq-100 finished Friday with 35 advancers and 65 decliners. That left leveraged holders taking a much larger hit than the index itself.
3x is the daily leverage built into TQQQ before fees, and its 0.82% expense ratio sits on top of that structure. When the Nasdaq-100 weakens in a single session, the fund is built to magnify the move both ways; on Friday, that meant a decline more than three times QQQ's loss. The fund opened near $85.22 and finished at $73.05.
May payrolls and rate pressure
172,000 payrolls printed in May against an 80,000 estimate, adding to the pressure already building around growth and rates. The 2-year Treasury yield closed the week at 4.05% after touching 4.13% on May 22, while the 10-year yield stood at 4.47%. Those rates left rate-sensitive parts of the market less forgiving when the tech-heavy benchmark cracked.
5.57% of QQQ sits in Broadcom, with NVIDIA at 9.74%, Microsoft at 8.63%, and Apple at 7.95%. That concentration means one weak reading from a major AI supplier can filter quickly through the index and then into leveraged products tied to it. QQQ is up 14.77% year-to-date and 34.35% over the past year, but that longer run did little to soften Friday's tape.
TQQQ's longer record
13.61% is TQQQ's loss over the past week, compared with QQQ's 4.5% decline over the same stretch. Even after that pullback, TQQQ remains up 38.79% year-to-date and 103.9% over the past year, versus 14.77% and 34.35% for QQQ. A $10,000 stake in TQQQ from June 2016 is now worth roughly $353,789.
June 11 is the next catalyst flagged in the market backdrop, with the CPI print set to test whether Friday's damage gets retraced or extended. A soft reading could ease rate pressure; a hot one would keep the same group of names under the microscope, and TQQQ holders would feel that first.
