The Kobeissi Letter(@KobeissiLetter):Retail is piling into chip stocks: Retail investors have purchased a massive +$22.5 billion of US-listed semiconductor ETFs year-to-date. This figure has surged more than +1,000% since early April. Over the last month alone, retail purchases rose to +$12.0 billion, the highest monthly purchase on record. To put this into perspective, monthly retail purchases of US-listed semiconductor ETFs did not exceed +$2.0 billion in any month of 2024 and 2025. Meanwhile, retail has spent an average of $1.9 billion per day on semiconductor options contracts so far in June, up +16% from the previous record of $1.6 billion set in May. Retail investors are chasing the chip rally.

2026.06.26 15:00

Retail is piling into chip stocks: Retail investors have purchased a massive +$22.5 billion of US-listed semiconductor ETFs year-to-date. This figure has surged more than +1,000% since early April. Over the last month alone, retail purchases rose to +$12.0 billion, the highest monthly purchase on record. To put this into perspective, monthly retail purchases of US-listed semiconductor ETFs did not exceed +$2.0 billion in any month of 2024 and 2025. Meanwhile, retail has spent an average of $1.9 billion per day on semiconductor options contracts so far in June, up +16% from the previous record of $1.6 billion set in May. Retail investors are chasing the chip rally.