Should You Invest in the Invesco NASDAQ Internet ETF (PNQI)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: NASDAQ.COM
Invesco NASDAQ Internet ETF Overview: The Invesco NASDAQ Internet ETF (PNQI) is a passively managed fund that aims to track the performance of the NASDAQ Internet Index, focusing on large U.S.-listed internet companies. It has over $799 million in assets and an expense ratio of 0.60%, making it competitive within its sector.
Performance and Holdings: Year-to-date, PNQI has increased by approximately 19.60% and 39.75% over the past year, with major holdings including Apple, Meta, and Amazon. The ETF is classified as high risk due to its beta of 1.15 and standard deviation of 29.73%, but it offers strong diversification with around 80 holdings.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 242.670
Low
175.00
Averages
280.01
High
325.00
Current: 242.670
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sales Growth Potential: Despite challenges, Amazon reported a 17% year-over-year increase in net sales for Q1, demonstrating its ability to grow even in a 'stretched' consumer environment, while its cloud business's 28% growth further confirms the potential returns from its investments.
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- Business Expansion: Originally focused on selling books online, Amazon quickly diversified into music, videos, and a wide array of consumer goods, successfully transforming into a comprehensive e-commerce platform, significantly enhancing its market share and brand influence.
- Retail Position: According to JPMorgan's update, Amazon surpassed Walmart last year to become the largest retailer in the U.S., marking its dominance in the retail sector and becoming the last retailer to outsell Walmart since Sears.
- AWS Revenue Growth: Amazon Web Services (AWS) generated approximately $129 billion in revenue in 2025, with projections to exceed $140 billion in 2026, showcasing its strong growth potential in the cloud computing sector and further solidifying Amazon's market leadership.
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- Investment Expansion: Amazon's announcement of a $1 billion investment to expand the use of forward deployed engineers not only improves the efficiency of customized solution development for clients but also potentially shortens the time for enterprises to realize AI value, further driving AWS's market share growth.
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- Market Demand Drivers: In the context of increasing demand for AI workloads driven by generative large language models, AWS's forward deployed engineer model provides specialized support to help clients optimize infrastructure and ensure security, positioning AWS to capture a larger share of AI infrastructure spending.
See More
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See More
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