SpaceX is not public yet, but retail traders may already be making room for it.
Retail selling across single stocks just hit the heaviest level since November 2023, according to the latest note from Vanda Research, with pressure concentrated in semiconductor names including Micron (MU) and Sandisk (SNDK).
At the same time, retail buying of ****** e stocks has reached its highest level since December 2024.
That does not mean investors are dumping chips to buy ****** eX. Broadcom (AVGO) and Marvell (MRVL) are still drawing retail buying, according to Vanda, making this less a broad semiconductor exit than a test of where retail attention goes next.
The concern is that the next wave of mega-IPOs could drain cash from the trades that have already run. That fear showed up in the tape Tuesday, when the Philadelphia Semiconductor Index (^SOX) sank nearly 9% at the lows before a late-day rally cut the loss to 1.9% by the close.
Retail selling across single stocks just hit the heaviest level since November 2023, according to the latest note from Vanda Research, with pressure concentrated in semiconductor names including Micron (MU) and Sandisk (SNDK).
At the same time, retail buying of ****** e stocks has reached its highest level since December 2024.
That does not mean investors are dumping chips to buy ****** eX. Broadcom (AVGO) and Marvell (MRVL) are still drawing retail buying, according to Vanda, making this less a broad semiconductor exit than a test of where retail attention goes next.
The concern is that the next wave of mega-IPOs could drain cash from the trades that have already run. That fear showed up in the tape Tuesday, when the Philadelphia Semiconductor Index (^SOX) sank nearly 9% at the lows before a late-day rally cut the loss to 1.9% by the close.
5 days ago
