[JPMorgan: Retail Investors Sell Tech ETFs, Contrarian Buying in Semiconductor Stocks] According to Deep Tide TechFlow, citing research from Trend Research, JPMorgan's Retail Radar on October 14, 2026, indicated that retail investors had a net inflow of $3.4 billion this week, below the 12-month average of $6.7 billion. Tech ETFs dropped from the 73rd percentile last week to the 4th percentile, while semiconductor ETFs saw outflows of 2.1 standard deviations. At the individual stock level, NVIDIA received $942 million in net buying, SanDisk received $238 million, while Micron saw $123 million in net selling, and AMD experienced $70 million in net selling. JPMorgan assesses that retail investors have lost confidence in tech ETFs but are engaging in contrarian buying of semiconductor stocks, contrasting with institutional positioning. The crowding level in semiconductors is at the 96.1st percentile. In the upcoming seven days of earnings season, 62 S&P 500 companies, representing 14% of market capitalization, are set to release earnings reports, with a focus on the financial and industrial sectors.