Retail Traders Dump Big Tech to Raise ‘Dry Powder’ to Buy…

This report discusses the shifting focus of retail traders in the stock market as they sell off shares in high-flying semiconductor and AI-related stocks to raise capital for the anticipated IPO of SpaceX. Data from Vanda Research indicates that this trend reflects a broader strategy among retail investors to prepare for the upcoming public offering, signaling a shift away from prior investments in tech stocks.

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A visitor looks at the launch site of the SpaceX Starship rocket near Boca Chica, Texas.

Photographer: Sergio Flores/AFP/Getty Images

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By Geoffrey Morgan and Felice Maranz

June 11, 2026 at 11:35 AM UTC

Updated on June 11, 2026 at 1:20 PM UTC

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Retail traders’ infatuation with high-flying computer memory and storage companies is fading now that the next big thing — SpaceX’s initial public offering — is on the way.

The do-it-yourself crowd has been paring its exposure in semiconductor stocks and refraining from buying dips elsewhere, according to data compiled by Vanda Research Ltd. While the sellers may be merely ditching AI-linked stocks after big gains, some analysts see it as a sign the group is gathering dry powder for SpaceX’s public debut.

Read Original at Bloomberg.com →

Retail Traders Dump Big Tech to Raise ‘Dry Powder’ to Buy SpaceX