BofA sees 'trouble' ahead for tech stocks despite big inflows

📆 26/08/2023 03.29.00
📰 YahooFinanceCA

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Strategists at BofA Global Research see second-half 'trouble' for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.

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