Tech funds attract $195 billion in year, top sector inflows

Industry
โดย Yahoo Finance·US·Read original
Summary · why it matters

Wall Street is betting tech stocks can close out the year strong despite concerns about AI capex and higher interest rates, as global technology equity funds have attracted about $195 billion in inflows over the last 12 months, the most of any major sector and more than the next nine sectors combined, according to Deutsche Bank. The earnings engine for big tech continues to run hot, with the Magnificent 7 companies beating second-quarter estimates by 66.2% versus 26.5% for all S&P 500 companies, and their earnings growth hit 118.5%, the highest since at least late 2020, while the other 493 S&P 500 companies grew earnings by 31.8%. The top contributors to S&P 500 earnings growth were Alphabet, Amazon, Micron, Nvidia, and Chevron.

Impact on stocks 11

Artificial Intelligence · 5 stocks
Energy · 1 stocks
Financials · 1 stocks
Cloud & Digital Infrastructure · 1 stocks
Spatial Computing / AR/VR · 1 stocks
Semiconductors · 1 stocks
Electrification & Mobility · 1 stocks