The Kobeissi Letter(@KobeissiLetter):Retail investors sold chip stocks at a historic pace last week: Retail investors sold ~20 times more semiconductor and memory stocks than the 2-year average weekly flow in the week ended July 30th. This marks the 3rd weekly sale over the last 4 weeks, following 10 consecutive weekly purchases. Over the last 2 years, weekly sales have never exceeded 5 times the 2-year average. Even during the March pullback, retail investors sold just 3 times the average level at most. By comparison, retail purchases of semiconductor and memory stocks surged to 23 times the 2-year average weekly level in June. Retail sentiment is more volatile than ever.

2026.08.04 18:14

Retail investors sold chip stocks at a historic pace last week: Retail investors sold ~20 times more semiconductor and memory stocks than the 2-year average weekly flow in the week ended July 30th. This marks the 3rd weekly sale over the last 4 weeks, following 10 consecutive weekly purchases. Over the last 2 years, weekly sales have never exceeded 5 times the 2-year average. Even during the March pullback, retail investors sold just 3 times the average level at most. By comparison, retail purchases of semiconductor and memory stocks surged to 23 times the 2-year average weekly level in June. Retail sentiment is more volatile than ever.