Retail Traders Loaded Up on AI Spending Winners Before Selloff

Retail Traders Loaded Up on AI Spending Winners Before Selloff Retail investors who spent the past week loading up on semiconductor stocks at the center of the artificial intelligence trade are getting pummeled amid Thursday’s rout. Over the past week, individual investors increased their purchases of chipmakers as well as companies that provide neocloud services and manufacture memory devices, while buying of the so-called Magnificent Seven technology stocks weakened, according to JPMorgan Chase & Co. strategist Arun Jain, who cited trading flows from last Thursday through Wednesday. Single-stock technology buying reached its highest level since the start of the momentum unwind in July, he wrote in a note to clients on Wednesday.