According to a report by Jinshi on June 2, Bank of America pointed out that the buzz around AI has investors pouring record amounts of money into technology stocks. Bank of America analyst Michael Hartnett said the "baby bubble" in artificial intelligence was a major market theme in May. Tech funds attracted a record $8.5 billion in inflows in the week ended May 31, the bank said, citing EPFR Global data. "Monopolistic tech companies" are winning through pricing power and squeezing smaller suppliers, Hartnett wrote in a note, noting that the Nasdaq 100 is currently trading at a low relative to the Russell 2000 small-cap index. A record high. The reverse transaction at this time will be to sell AI shares and buy Hong Kong stocks. Optimism over AI-related stocks gave tech shares an extra boost in May, as investors bet the Federal Reserve would stop raising interest rates, with tech stocks having soared 32% this year.