New Nasdaq 100 ETF to launch soon, BlackRock fund to give investors exposure to AI-driven tech rally

BlackRock's iShares Nasdaq 100 ETF (ticker IQQ) will begin trading on Thursday with an initial NAV of $24 per share, entering a segment dominated by Invesco's QQQ Trust and freshly contested by State Street's recent Nasdaq-100 ETF launch. The debut follows the Nasdaq-100 posting its best quarterly performance since April 2020 in Q2, propelled by continued investor enthusiasm for AI-linked large-cap technology names.