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


FILE PHOTO Nvidias Grace Hopper superchips are displayed at Gigabyte during COMPUTEX Taipei one of the worlds largest computer and technology trade shows in Taipei Taiwan May 30 2023. REUTERSAnn Wang

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 (Reuters) -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. Stocks in general saw $14.8 billion of inflows the largest weekly inflow since February.

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