Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO

Retail investors are liquidating semiconductor and AI stocks to raise cash for SpaceX's IPO on Friday, which is priced at $135 per share with a $1.75 trillion valuation. Data shows individual investors net sold equities for three consecutive days through Wednesday, with the heaviest selling pressure on chip stocks like Micron and AMD. BNP Paribas estimates retail and passive flows into SpaceX could reach $50 billion, potentially amplifying selling pressure through unwinding leveraged ETF positions.