Investors Pour $22.37B into U.S. Equities for Three-Week High on Chip Rally

U.S. equity funds saw their largest weekly net inflow in three weeks at $22.37 billion for the week to May 13, propelled by strong Q1 earnings beats and upbeat revenue guidance from chipmakers like AMD and Microchip. This buying pressure lifted the S&P 500 to a record 7,517.12 on Thursday, with 83% of 455 constituents surpassing profit estimates. Flows concentrated in large-caps ($17.06bn, six-week high) and technology ($8.51bn weekly record), alongside $12.9bn into bonds, signaling bullish positioning in big tech despite rising inflation.