Retail Doubles Down on Hyperscalers—Chips Left on the Sidelines Ahead of Earnings

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🚨 With the bulk of mega-cap Tech earnings coming this week, what stands out is how bullish retail investors have gotten on the hyperscalers in recent months even as those names have largely struggled. Over the past month, call buying made up 55% of the retail opening activity in the hyperscalers. In contrast, retail sentiment in the chip stocks appears more balanced, with call buying making up 46% of all opening activity, in line with the historical average