All roads lead to Nvidia as tech sees record inflows, Says BofA

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.

“The ‘all roads lead to Nvidia’ trade is once again bolstered” as Europe falters amid the political turmoil in France, strategist Michael Hartnett said.