AI trading frenzy cools down, technology funds see record net outflow of $9.3 billion, first weekly outflow in three months for US stocks.
According to the Wisdom Financial APP, U.S. stock funds experienced a net outflow of approximately $8.5 billion in the week ending June 24, the first weekly outflow in three months. Among them, technology sector funds led the decline with a record $9.3 billion in net redemptions, indicating a cooling trend in the artificial intelligence trading frenzy.
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