Loss-making small-cap stocks in the Russell 2000 Index have risen 154% since mid-2025, while profitable companies have gained only 34%.

According to BIT (bit.com) market data, the Philadelphia Semiconductor Index has dropped to a more than one-month low, with its decline widening to 4.45%.

The Kobeissi Letter stated that retail investors are cashing in on gains from tech stock rallies. Last week, retail investors net sold $125 million worth of SanDisk stock, marking the largest net sell of any individual stock. They also net sold $120 million of Apple and $105 million of Tesla, respectively. In the same period, retail investors net sold $65 million of Nvidia, $40 million of American Airlines, and $22 million of Meta stock. Over the past two weeks, net sales of Apple and Tesla by retail investors have each reached $200 million. Meanwhile, total retail individual stock trading volume rose to a record $370 billion, up from $220 billion at the start of 2026. Following a historic tech stock rally, retail investors are locking in profits.

T. Rowe Price, which manages approximately $1.9 trillion in assets, has officially launched TKNZ, an actively managed multi-token spot crypto ETF that began trading on the NYSE Arca on Thursday. The asset management firm noted this is the industry’s first actively managed multi-token spot crypto ETF. At launch, TKNZ held around $15 million in assets, with initial allocations including 40.75% Bitcoin, 18.42% Ethereum, 11.01% BNB, 9.44% SOL, 9.37% XRP, and 6.45% HYPE. The fund permits portfolio managers to actively adjust token allocations based on T. Rowe Price’s research and market insights, charging a 0.75% management fee. According to the fund’s prospectus, it will not generate revenue from staking its holdings in the initial phase but retains the option to introduce staking in the future. T. Rowe Price first submitted an application for the fund in October 2025. Blue Macellari, the firm’s head of digital assets, serves as chief portfolio manager, with four co-managers participating in the fund’s management.

Serenity released a report stating that it believes the semiconductor sector may be nearing a market bottom, covering related individual stocks ranging from Intel to Lumentum. It quipped that a notable signal to monitor is whether investors on Reddit have seen their portfolios lose all value.

According to CNBC, a teleprompter operator is under investigation by U.S. federal regulators for allegedly placing bets on U.S. President Donald Trump’s speech content on prediction market platform Kalshi. Robert DeNault, Kalshi’s head of enforcement, said the platform’s monitoring team quickly flagged the relevant trades after an internal investigation and referred them to the U.S. Commodity Futures Trading Commission (CFTC). DeNault added that Kalshi is assisting regulators in their probe and has submitted relevant evidence collected by the platform.

According to market data from BIT (bit.com), the storage sector’s decline has continued to widen: SanDisk fell nearly 11%, SK Hynix and Western Digital dropped around 9% each, Seagate Technology slid over 8%, and Micron declined more than 6%.