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Mutual Funds Pour Billions into AI and Defense Stocks

6/7/2025

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Summary

Story summary

Major mutual funds significantly invested in AI stocks, with Broadcom (AVGO) attracting $24.49 billion before its earnings report.
Meta Platforms (META) and Nvidia (NVDA) garnered $7.15 billion and $5.26 billion, respectively.
Over $1 billion was invested in 25 additional stocks, including AppLovin (APP) and Netflix (NFLX).
Aerospace and defense stocks, particularly GE Aerospace, gained traction, with many hitting 52-week highs.

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Story summary

Major mutual funds significantly invested in AI stocks, with Broadcom (AVGO) attracting $24.49 billion before its earnings report.
Meta Platforms (META) and Nvidia (NVDA) garnered $7.15 billion and $5.26 billion, respectively.
Over $1 billion was invested in 25 additional stocks, including AppLovin (APP) and Netflix (NFLX).
Aerospace and defense stocks, particularly GE Aerospace, gained traction, with many hitting 52-week highs.