A recent interesting data point has emerged. Last month, investor enthusiasm for several top tech companies in the US noticeably declined, and this change is quite worth pondering.

According to statistics, over the past month, investors invested approximately $3.66 billion in seven giants: Apple, Amazon, Alphabet (Google's parent company), Microsoft, Meta, Tesla, and Nvidia. It sounds like a lot, but compared to $5.15 billion the previous month, it shrank by nearly 30%. This decline is indeed quite significant.

What more clearly illustrates the issue is their share of total US stock market investment. These tech giants originally accounted for 17.78% of total US stock investments, but now it has dropped to 14.21%, a decrease of 3.57 percentage points. Investors' attention is clearly shifting elsewhere.

A closer look at each company's situation is even more interesting. Tesla experienced a net sell of $149 million, and Apple also sold nearly $50 million worth of holdings. This indicates that some investors are starting to reduce their positions, either because they think valuations are a bit high or because they want to reallocate assets with a different approach. Behind this shift in mindset, it likely reflects a market reassessment of these companies' growth potential.