Bank of America (BofA) stated in its weekly fund flow report released on Friday that technology stocks could still achieve a record $75 billion in inflows in 2025. The report emphasized that despite concerns over overvaluation pressuring the sector, market demand remains strong.

For most of this year, tech stocks have continued to rally, with the Nasdaq Composite Index (^IXIC) gaining approximately 14% and hitting an all-time high in late October.

However, the sector has since faced downward pressure, with the tech-heavy index dropping 2% on Thursday, November 20.

Nevertheless, BofA noted in its weekly summary of global market inflows and outflows that tech stocks still attracted $4.4 billion in inflows for the week ending Wednesday, November 19.

Additionally, the report showed that cryptocurrency funds saw outflows of $2.2 billion during the same week, marking the second-largest weekly outflow on record. Cryptocurrencies are currently experiencing a broad sell-off in risk assets, with Bitcoin and Ethereum both falling to multi-month lows on Friday, November 21.

The BofA report also highlighted that U.S. Treasuries saw inflows of $8.8 billion for the week, the largest weekly inflow since April 2025—when former U.S. President Donald Trump's "Liberation Day Tariffs" triggered global market turbulence.