Retail investors are cashing out of Apple, Tesla, Nvidia, and chip stocks while rotating into newer stories, according to VandaTrack data. SanDisk, Apple, Tesla, and Nvidia led retail outflows last week, with Western Digital, Meta, and American Airlines also seeing selling. Vanda described the pattern as more consistent with rotation than outright de-risking, noting retail trading activity remains near records but selling nearly matches buying. The Magnificent Seven is no longer a single retail position, with Microsoft and Nvidia attracting net buying over a 10-day window while Apple and Tesla became sources of cash. The broader market has not followed retail selling lower, as the S&P 500 advance-decline line reached a record, and analysts see resilient profits potentially supporting further rotation.
SK Hynix Inc
Sandisk Corp
American Airlines Group
Meta Platforms Inc.
Tesla Inc
Western Digital Corporation
