Retail demand for tech stocks is exploding:
Individual investors bought +$1.1 billion of tech hardware stocks in the week ending May 6th, the 2nd-largest weekly purchase on record.
This group includes Apple, $AAPL, SanDisk, $SNDK, Dell, $DELL, Super Micro Computer, $SMCI, and others.
This marks the 5th consecutive weekly purchase.
The only other week in history with a higher number of purchases was in September 2020, at +$1.3 billion.
Meanwhile, SanDisk is up +3,731% over the last year, the best-performing stock of the Nasdaq 100 index.
This exceeds Qualcomm's gain of +2,620% in 1999, the strongest annual return of the entire Dot-Com Bubble era.
Euphoric sentiment has arrived.