Investors flock back to big U.S. tech stocks, with Nvidia and Microsoft leading the way, as upbeat earnings and improved global sentiment drive investors back into the stock market. According to BofA’s monthly fund manager survey, 45% of participants see the “long Magnificent 7” trade as the most crowded, up from March. Strong earnings have helped tech stocks recover from a tariff-induced dip in April. Investor sentiment is positive, with only 5% preparing for a hard economic landing. A net 14% of surveyed asset managers are overweight global equities, the highest since February.

Read more at Yahoo Finance: “Long Magnificent 7” once again world’s most crowded trade, BofA survey finds