US tech funds pull in $14B in a single week, putting 2026 on pace for a record $152B in inflows
Investors are dumping traditional equity funds and piling into tech at a pace never seen before, with AI hype driving a historic reallocation of capital.
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.
Just two weeks before the $14.3 billion week, tech funds posted a record $19.2 billion inflow. Then the following week saw $9.3 billion rush back out the door.
What investors should be watching
The projected $152 billion in annual tech fund inflows would represent a landmark year, but projections based on recent weekly averages deserve some skepticism. The wild week-to-week swings, from positive $19.2 billion to negative $9.3 billion in back-to-back weeks, show how quickly sentiment can reverse.
The concentration risk is real. When $14.3 billion flows into one sector in one week while $17.2 billion exits the broader market, you’re looking at a historically narrow bet.