macan.hl - borrowed conviction

$USDC #USTechFundFlows As of **February 10, 2026**, the US technology sector is experiencing a period of significant "re-rotation." After a rocky start to the year characterized by a "software-mageddon" sell-off in late January, capital is beginning to flow back into high-conviction AI and semiconductor plays. Here is the current state of **#USTechFundFlows**: ### 1. Weekly Flow Highlights (Early February 2026) Institutional and retail sentiment has shifted from defensive to opportunistic following a mid-week dip. * **Tech Sector Inflows:** US technology funds saw a massive **$6 billion inflow** last week, the largest in eight weeks. * **Broad Market Context:** This tech surge occurred alongside $34.6 billion in total equity inflows, though investors remain cautious, keeping nearly **$9.1 trillion in money market funds** (cash) on the sidelines. * **Software vs. Chips:** While software and data services ETFs saw outflows in late January due to "AI disruption" fears, they have recently rebounded, with some software-focused ETFs gaining nearly **7%** in just two sessions. --- ### 2. Major Drivers of Capital Movement The flow of funds is currently being dictated by three primary "magnets": * **The AI Bond Spree:** Major players like Alphabet (Google) have embarked on global bond issuances to fund AI infrastructure. High-tech bond issuance reached approximately **$260 billion** between September 2025 and February 2026. * **The "Attractive Entry Point" Narrative:** Analysts from Morgan Stanley and RBC have noted that the January volatility reset valuations to more "digestible" levels, triggering systematic buying. * **Capex Verification:** Investors are moving away from "AI hype" and toward companies with verifiable **inference workloads** (real-world AI usage) rather than just hardware training. --- ### 3. ETF Performance & Positioning | Ticker | ETF Name | YTD Return (as of Feb 6, 2026) | Key Holding Weight | | --- | --- | --- | --- | | **IYW** | iShares US Technology | **-3.07%** | NVIDIA (17.29%), Apple (16.17%) | | **XLK** | Tech Selec