Tech shares see biggest ever weekly inflow on AI boom-BofA
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2023-06-02 17:47
LONDON Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by

LONDON Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by a surge in investor interest in artificial intelligence, according to BofA Global Research released on Friday.

Tech stocks saw $8.5 billion of inflows in the week to Wednesday, the most on record, BoFa said, citing EPFR data.

Part of that swell was thanks to a 30% rise in shares of chipmaker Nvidia in just three sessions that pushed its market valuation above $1 trillion.

(Reporting by Alun John; Editing by Amanda Cooper)

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