---
title: "Bank of America is optimistic about the long-term performance of Chinese and European stocks, while U.S. tech giants fade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231169830.md"
description: "Bank of America strategist Michael Hartnett stated that he expects the Chinese and European stock markets to perform well in the long term. Data shows that European stock markets attracted $4.1 billion in capital inflows, the largest inflow since February 2022. Technology stocks have underperformed, with the Nasdaq index down more than 10% from last year's peak. The seven largest technology companies in the U.S. are referred to as the \"Lagnificent 7,\" and are expected to underperform the market"
datetime: "2025-03-10T07:01:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231169830.md)
  - [en](https://longbridge.com/en/news/231169830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231169830.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/231169830.md) | [繁體中文](https://longbridge.com/zh-HK/news/231169830.md)


# Bank of America is optimistic about the long-term performance of Chinese and European stocks, while U.S. tech giants fade

According to the Zhitong Finance APP, Bank of America cited EPFR data last Friday, indicating that for the week ending last Wednesday, investors continued to pour funds into European stock markets, as the region has outperformed the U.S. stock market this year. Bank of America strategist Michael Hartnett stated, "This is the year of internationalization. We are optimistic about the long-term performance of the stock markets in China and the European Union."

Data shows that European stock markets attracted $4.1 billion in inflows, the largest since the Russia-Ukraine conflict began in February 2022. Over the past four weeks, inflows reached $12 billion, the highest level since August 2015.

It is understood that equity funds overall attracted $22.9 billion in inflows, with U.S. equity funds attracting $8.5 billion, and emerging market funds attracting $2.4 billion. Technology funds attracted $2.6 billion in inflows, marking the first inflow in five weeks.

This year, technology stocks have lagged, with the Nasdaq closing down more than 10% from its peak in December last year, confirming signs of a pullback.

Hartnett from Bank of America noted that the seven largest tech companies by market capitalization in the U.S.—Apple (AAPL.US), Microsoft (MSFT.US), Amazon (AMZN.US), Google (GOOGL.US), Meta (META.US), NVIDIA (NVDA.US), and Tesla (TSLA.US)—are now referred to as the "Lagnificent 7," as he believes these companies may lose their previous luster this year and underperform the market.

Bond funds saw inflows of $12 billion, but government bond funds experienced outflows of $1.2 billion, the largest outflow in 11 weeks

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