Mining stocks outperformed tech-heavy NASDAQ 100 ETF since late 2024, with gains expected through mid-2027.

Since late 2024, general mining stocks (XME) have significantly outperformed the tech-heavy NASDAQ 100 ETF (QQQ), doubling in value relative to QQQ from December 2024 to January 2026. Historical patterns suggest that the current mining sector upswing, which typically lasts at least 2.5 years, is likely to continue until at least mid-2027. This trend persists despite the heavy market focus on AI-related technology stocks, highlighting mining's strong cyclical momentum. Investors may find opportunities in mining stocks as this cycle progresses.