Retail investors may be chilling about the dramatic rise in recent months in stocks tied to artificial intelligence. Vanda Research senior vice president Marco Iachini said in a note to clients on Thursday that retail traders are trimming their positions on some hot stocks. “Retail traders appear to have made some gains as stock prices continue to rise. AI and automation ETFs like BOTZ have continued to move higher over the past days, posting gains of +43 % YTD However, retail investors have managed to lock in some profits, especially in popular smaller-cap names like [ C3.ai] And [ Palantir ]”However, the overall flow into this topic is and will remain strong as US consumers hold their ground.” Both stocks are big winners in this regard. C3.ai shares are up more than 300% year-to-date, while Palantir is up more than 150%,” according to Vanda data. And larger AI stocks are still going strong, according to Vanda. Nvidia is still seeing strong capital inflows and Tesla has been the most popular stock among retail traders lately.” from a retail perspective… so we can say with confidence that Retail investors see TSLA as an AI representation rather than an electric vehicle story, at least for now,” the note said.