So AI beneficiaries and then these riskier EDFs appear to be pretty much the only thing that individual investors are chasing right now on balance.

So-called retail traders actually been under-participating in the market turnover for this group which is essentially

total buys and sells is at the lowest level we've seen since before the pandemic that's

according to data from Vanda research they're concentrating on just a few pockets of big tech.

You got the MAG-7, NVIDIA, and then these turbo-charged

NVIDIA plays through leveraged semiconductor EDFs. And when it comes to

Mega Caps, Vanda shows a roughly 29% uptick in purchases of the Mag 7 as a percentage of total trading.

This is an increasingly crowded position, according to Bank of America's Global Fund Manager survey.

Long Mag 7 is now the most crowded trade on record.

Retail traders are also over-index to NVIDIA, the AI Darling of, and the most valuable name on the market.

Also, the most widely held by individuals.

Above Apple and Tesla at this point, again, according to Vanda there, but owning

NVIDIA, it's not enough for some people

they're looking to amplify that upside.

You can see that dynamic with the popularity

of long-levered ETS right now.

There's the NVIDIA D.L.

ETF, which is a two times NVIDIA Leverage Fund up 500% this year roughly 4 billion dollar market cap and then there's

S.O. Excel which offers three times leverage of the total chip sector that's roughly doubled in this leverage

of course also amplifies the potential downside crowding into these names has

also been attracting the interest of short sellers guys all of this course

goes against the conventional wisdom to diversify your portfolio, but right now,

...