EXCLUSIVE | Webull CEO: Retail AI Trade Moves Beyond Stocks Like AMD, Micron, Nvidia

Webull CEO Anthony Denier says retail investors are widening their AI exposure beyond headline chip names like Nvidia, moving into the broader AI supply chain (memory, equipment, data centers, networking, power, foundries, packaging and cooling). Webull data show roughly 9% of users now hold at least one semiconductor or AI-related stock, up from 3% two years ago, and retail activity shows a net buying bias with dip-buying behavior. The shift suggests more research-driven, diversified retail flows that could support demand across semiconductors and infrastructure names, though Denier warns about concentration risk after multiyear gains. Webull’s own stock (BULL) was trading lower at publication, and the report uses the S&P 500 as a performance benchmark. Overall the piece signals bullish structural tailwinds for AI-related equities driven by broadened retail participation, tempered by caution about clustering in a few large names.