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RiskReversal Pod

The Future of QQQ: AI, SpaceX IPO & Mag 7 Dominance with Invesco's Brian Hartigan

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 18 May 2026

⏱️ 59 minutes

🧾️ Download transcript

Summary

In this episode of the Risk Reversal Podcast, Dan Nathan and Guy Adami discuss Friday's stock sell-off, geopolitical tensions, oil and the AI mania. Later, they sit down with Brian Hartigan, Global Head of ETFs & Index Investments at Invesco, to discuss the future of the QQQ, market concentration, passive investing, AI-driven growth, and the next wave of mega IPOs. They dive into Nvidia’s dominance, the role of options in investing, why QQQ has remained a powerful long-term vehicle, and what investors should understand about market structure as AI reshapes the economy. Topics include: • QQQ and the evolution of the Nasdaq 100 • Nvidia, concentration risk & AI winners • Passive investing and market structure • The growing role of options strategies • SpaceX, OpenAI & the next generation of IPOs • Interest rates, fixed income & portfolio construction • Product innovation at Invesco Timecodes: 00:00 Intro: Markets, Trump/Xi Summit & Rising Yields 07:18 Why Bond Yields Could Pressure Stocks 12:08 Is the Consumer Actually Slowing? 16:10 AI Mania, Ford Energy & Speculative Trading 18:50 Cerebras IPO & Peak AI Speculation? 25:05 Brian Hartigan Joins the Podcast 26:35 What Brian Hartigan Does at Invesco 28:15 Inside QQQ: Concentration, Nvidia & Liquidity 30:20 Retail vs Institutional Investors in QQQ 34:05 SpaceX, OpenAI & Fast-Tracking IPOs into Indexes 39:05 Passive Investing & Why Companies Want Into QQQ 42:18 How Investors Use QQQ Options 45:15 Interest Rates, Fixed Income & Portfolio Positioning 47:05 AI, Nvidia & the Future of Market Leadership 50:45 Why QQQ Has Been a Long-Term Winner 52:45 How Invesco Builds New ETF Products 54:40 Georgetown, NCAA Sponsorships & Investor Education 56:45 Final Thoughts & Outro —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Transcript

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0:00.0

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1:01.0

Welcome to the Risk Reversal podcast. I am Dan Nathan. That's Guy Dami. We got a great podcast today.

1:07.2

We have Bryden Hardigan. He is the global head of ETFs and indices over there at Invesco. We go all things, market structure. We talk a lot about the NASDAQ, the QQ, a whole host of other things.

1:13.2

Some of the things we're expecting when some of these monster IPOs come to the market, maybe this year, and what that will mean for indexing.

1:20.5

So stick around for our conversation with Brian Hardigan as he returns to the podcast guide.

1:24.5

I mean, also Friday drop in the Risk Reversal podcast feed in your favorite podcast guide. I mean, also, Friday, drop in the Risk Reversal podcast feed, in your

1:30.0

favorite podcast store. You sat down with Anthony Scaramucci. You guys know him affectionately as

1:35.8

what guy? The mooch. The mooch. And that was a one-two punch because earlier in the week,

1:42.3

we launched our first episode of Standing Table,

1:44.8

a limited series, you and I, sit down with really interesting people at great restaurants

1:49.0

in New York City, have great conversations. So the first one dropped, go find it on YouTube,

1:54.5

Standing Table. That was epic. We got one coming out tomorrow with Rick Heitzman at First Mark

1:59.2

Capitol. We go to Manhattan. That is Danny Myers joint up in the sky down at Wall Street, Guy Dami. I should shut up. No, you should not. I mean, we have a lot going on, as your point. And the Scaramucci conversation was fun. We went from Dante's Inferno to St. Augustin to Bitcoin and to everything in between. So definitely take a listen to that.

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