Tech shares see biggest-ever weekly inflow on AI boom-BofA

FILE PHOTO: Nvidia's Grace Hopper superchips are displayed at Gigabyte during COMPUTEX Taipei, one of the world's largest computer and technology trade shows, in Taipei, Taiwan May 30, 2023. REUTERS/Ann Wang/

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

Tech stocks saw $8.5 billion of inflows in the week, BofA said, citing market data provider EPFR. Stocks in general saw $14.8 billion of inflows, the largest weekly inflow since February.