Since then, that flow has slowed to roughly $100 million on a 10-DMA through May.Īnd while the arrival of ChatGPT may be seen as a transformative, black swan event, the AI trend is still relatively small compared with the meme-stock trading phenomenon, Vanda added. Net retail flow into the buzzy pocket of the equity market reached roughly $250 million on a 10-day moving average late last year as news mentions of AI ramped up. retail flows into AI-linked stocks and ETF shows that individual traders are thinking twice before jumping into some of these names." Theyre all singing the same refrain: they like. "The craze seems to have only sparked a marginal increase in retail buys, at least for now," Marco Iachini, Vanda's senior vice president of research, said in the note. Nvidia is up 172 this year, and high-profile investors have been cashing in their gains. ![]() ![]() Vanda, which monitors activity among nonprofessional investors, looked at media mentions about AI since October alongside net purchases of AI-sensitive stocks by individual investors. But that hasn't spilled over to the retail side.
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