Investors poured $14.3 billion into US technology funds during the week ending July 1, making it the second-largest weekly inflow on record.
At this pace, 2026 is projected to deliver $152 billion in total tech fund inflows for the year, which would shatter every previous annual record. The four-week average has hit $9.0 billion per week, a figure that itself is unprecedented.
The great rotation is accelerating
During the exact same week that tech funds absorbed $14.3 billion, broader US equity funds hemorrhaged $17.2 billion in outflows. Investors aren’t just adding to tech. They’re actively pulling money from everything else to fund the bet.
According to data cited by The Kobeissi Letter, drawing on BofA Global Investment Strategy and EPFR flow tracking, inflows into tech-specific products have roughly tripled since mid-April. The Nasdaq-100 ETF (QQQ) alone attracted $15 billion in combined inflows during April and May.
