The AI trade is alive, well, and apparently running a $21.44 billion tab.
Global equity funds pulled in $21.44 billion for the week ending June 3, the largest weekly inflow since May 13. The catalyst was straightforward: technology companies kept printing strong earnings numbers, and investors decided that optimism about artificial intelligence was worth backing with real money.
The headline grabber was Dell. Its shares surged 42.6% after reporting financial results that exceeded expectations. HP added a 7.1% gain of its own.
Where the money actually went
European equity funds led all regions, attracting $11.16 billion for the week. U.S. funds were not far behind at $7.43 billion, while Asian equity funds gathered $760 million.
