AI wave boosts tech stocks, global equity funds see eighth consecutive week of inflows
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Driven by optimism over strong chip manufacturing performance, investors are shrugging off inflation concerns and continuing to pursue AI-driven tech stocks. According to data from London Stock Exchange Group (LSEG Lipper), global equity funds saw a net inflow of $39.15 billion in the past week, marking the largest single-week net inflow since April 22 (which was $48.55 billion).
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