Nasdaq 100 ETF net inflow of $10.9 billion in August, reaching a historic high

According to The Kobeissi Letter on X, the Nasdaq 100 ETF (QQQ) had a net inflow of $10.9 billion in August, surpassing the record of $4.9 billion in July and $9.2 billion in March 2022. Semiconductor ETF (SMH) had a net outflow of $2.8 billion in August, while software ETF (IGV) had a net outflow of $610 million during the same period. Funds are shifting from the semiconductor and software sectors to a wider range of technology stocks.