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.
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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Source: The Print
