US Tech Stocks See Largest 5-Week Inflow in History: Can Nasdaq Break Its Downtrend?

Tech stocks have attracted their largest five-week inflow in history, fresh fund flow data shows. The Nasdaq Composite has climbed for three straight sessions and now presses against a trendline that has capped it since June.

The surge reverses a sharp July correction across megacap technology names. Fund flows and chart structure now point the same way, although key resistance levels remain unbroken.

Tech Stocks Attract Record Inflows as Rotation Gathers Pace

Weekly flows into tech funds spiked to roughly $19 billion, the highest single-week reading since at least 2017, according to Barchart. The four-week moving average has turned nearly vertical, capping the strongest five-week stretch on record.

Deutsche Bank strategists led by Parag Thatte counted $15.6 billion in tech fund inflows last week alone. The team argues the rotation is just getting started. It sees hyperscalers as the best risk-reward on offer, with their performance relative to the S&P 500 near a three-year trough.

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