The rising trend is becoming more extreme, retail investors are flocking to chip stocks in an "overheated market."

Retail investors were basically absent in the record-breaking chip stock rally in April, but are now starting to pour in as concerns rise in the market about the possible weakening of the sector's uptrend. According to JPMorgan's position data, last week individual investors' buying activity in tech stocks rose to the highest level in a year, with storage chip companies benefiting from the development of artificial intelligence being most favored. Hardware companies also recorded the second largest inflow of funds on record. Despite no clear factors to stop the sector from continuing to rise, the Philadelphia semiconductor index has surged 60% in the past six weeks, with almost all valuation indicators appearing to be on the high side. For retail investors who entered the market only in May, this means that they could face the risk of losses if market momentum suddenly shifts.