Everyday investors appear to be taking profits on some of the most popular artificial intelligence stocks, according to JPMorgan. After subtracting for outflows, JPMorgan's Peng Cheng said retail traders poured nearly $450 million into single stocks over the last week. Cheng cited a continued focus on technology, but emphasized a shake up in which specific names were capturing those dollars.
mountain Nvidia, Advanced Micro Devices and Super Micro Computer, 1 year Nvidia saw the largest net outflows of any equity over the last week, with these investors selling more than $5 billion, JPMorgan found. Advanced Micro had retail net outflows of more than $800 million in the period, while investors sold Super Micro shares to the tune of $301 million, the firm said. To be sure, Wall Street sees divergence ahead for the group.