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Golden Ten Data June 16 ｜ Qualcomm's pre-market gains have expanded to 5%. According to reports, the company is in talks to acquire the AI chip startup Tenstorrent.

(1) The latest global fund manager survey by Bank of America shows that the vast majority of investors believe that going long on global semiconductor stocks is currently the most crowded trade in the market—up to four-fifths of fund managers hold this view, setting a record high for this survey. (2) The so-called "crowded trade" refers to a situation where a large number of investors hold similar positions. Once the market turns, these investors may sell off simultaneously, significantly increasing the risk of a sharp correction in asset prices. (3) So far this year, an index measuring the semiconductor sector has more than doubled, and in the past three trading days alone, it has climbed nearly 15% further, highlighting the sector’s current extreme popularity and potential vulnerability.

On June 16, Vanda Research reported that retail investors are the key drivers of SpaceX's recent surge, with their purchase volume in the first two days of SpaceX's stock listing equivalent to their total purchase volume in the U.S. stock market last week.