Foreign purchases of U.S. stocks and fund shares hit record $426 billion in Q2, Blend Financial says
SPY•Foreign investors bought a record $426 billion in U.S. stocks and investment fund shares in the second quarter of 2026, as annual AI capital expenditures were projected at $765 billion.
1. Record foreign purchases
Foreign investors bought a record $426 billion in U.S. stocks and investment fund shares in the second quarter of 2026. The Shiller CAPE ratio approached 41, compared with a long-run average near 17, while annual AI capital expenditures were projected at $765 billion.
2. Risks to watch
The brief said growing foreign exposure to U.S. technology shares raises cross-border financial risks if AI earnings disappoint. CoreWeave bond yields exceeded 15% as investors questioned whether its debt-funded expansion could generate enough cash to meet obligations.
