Investors Eyeing a New Chip Champion, Leaving Nvidia Behind

Retail investors are shifting their focus from crypto stocks to the semiconductor sector, particularly chip stocks, as they search for opportunities among Nvidia's competitors. Advanced Micro Devices (AMD) has been leading the charge, with its shares experiencing record inflows and gaining 100% in 2023. If the momentum in semiconductor stocks continues, individual traders may make AMD their new top pick to close the gap with Nvidia, which has seen a 172% gain in 2023. Other chip names like Broadcom are also seeing increased retail appetite, but there is a caution about heightened volatility due to a surge in out-of-the-money option call turnover.