Investors Still Can’t Get Enough of US Tech Stocks
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Dip buyers in the world of exchange-traded funds are keeping the faith, brushing off AI-related fears that battered markets from New York to Tokyo at the start of the week.
The insatiable buying demand is on full display in famous funds like QQQ, the biggest ETF tracking the Nasdaq 100. Even as the tech-heavy gauge fell nearly 3% Monday, QQQ notched its biggest one-day inflow since 2021 with more than $4.3 billion. A triple-leveraged semiconductor ETF known as SOXL also witnessed the biggest daily intake in at least five months.