All Roads Lead to Nvidia as Tech Sees Record Inflows, Says BofA
- About $8.7 billion flowed into technology funds in latest week
- Global equity funds have the biggest addition since March
Jensen Huang, co-founder and chief executive officer of Nvidia Corp.
Photographer: Annabelle Chih/Bloomberg
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The ongoing artificial intelligence frenzy that briefly made Nvidia Corp. the world’s most valuable company this week also drove record inflows into tech funds, said Bank of America Corp. strategists.
About $8.7 billion flowed into tech funds in the week through June 19, according to a note from the bank citing EPFR Global data.