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Vanda data shows retail sold stocks 3 straight days as SpaceX IPO reportedly draws over $70B in orders

Retail traders have been cutting exposure to AI and chip stocks ahead of SpaceX's long awaited IPO, Bloomberg reported citing Vanda Research. Vanda data showed three straight days of net retail selling through Wednesday, while reports say SpaceX has drawn more than $70 billion in retail orders and may allocate at least 20% of shares to individuals.
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