In its weekly fund flow report released on Friday, Bank of America stated that tech stocks are still expected to see a record $75 billion in inflows in 2025. The report emphasized that despite the pressure on the tech sector due to overvaluation, market demand remains strong. Tech stocks have continued to strengthen for most of the year, with the Nasdaq Composite Index rising approximately 14% cumulatively and reaching a record high in late October. However, the trend has since come under pressure, with a 2% decline on November 20. Nevertheless, during the week ending November 19, tech stocks still attracted $4.4 billion in inflows. Additionally, cryptocurrency funds saw an outflow of $2.2 billion that week, marking the second-largest single-week outflow on record, with Bitcoin and Ethereum both falling to multi-month lows on November 21. U.S. Treasuries saw an inflow of $8.8 billion that week, the largest single-week inflow since April 2025.