Retail investors have increased their exposure to technology stocks after missing out on the market rally driven this year by artificial intelligence, with many having preferred cash or low-risk money market funds.
Net purchases of US stocks by retail investors hit almost $1.5bn on May 30 and 31, the highest daily figures in three months, data from VandaTrack shows.
Tech stocks were among the main beneficiaries, at the end of a month in which retail interest in AI-associated companies began to broaden and benefit the likes of Palantir, Marvell Technology and UiPath, as well as bigger names like Nvidia and Microsoft.
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