Retail investors are making big changes to their portfolios! Robinhood is withdrawing funds from the "tech seven giants" and shifting towards oversold high-quality stocks.
According to the financial news app Zhitong Finance, online brokerage Robinhood has disclosed that retail investors are gradually withdrawing funds from the "Big Seven Tech Stocks" (Apple, Microsoft, Amazon, Google, Meta, Nvidia, Tesla) and instead investing in companies that have good performance but declining stock prices. Robinhood's Chief Brokerage Officer Steve Quirk stated in an interview that despite the recent stability in trading of these tech giants, Nvidia remains the top stock being sold off by retail investors, indicating that they are adjusting their investment strategies.
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