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The demand for technology stocks among individual investors is booming:
Individual investors purchased more than $1.1 billion worth of technology hardware stocks in the week ending May 6, marking the second-largest weekly buying volume in history.
This group includes Apple, AAPL, SanDisk, SNDK, Dell, DELL, Super Micro Computer, SMCI, and many other companies.
This is the fifth consecutive week of buying.
The only other week in history with higher purchase volume was in September 2020, with over $1.3 billion.
Meanwhile, SanDisk has surged over 3,731% in the past year, making it the best-performing stock in the Nasdaq 100 index.
This outperforms Qualcomm’s 2,620% increase in 1999, the highest annual return during the entire dot-com bubble era.
A bullish sentiment has emerged.