A Bank of America poll shows that in early June, 80% of global investment fund managers said buying and holding semiconductor stocks was the busiest trade in the market, marking the second consecutive month the sector topped the list. This is the second highest level recorded since the survey began in 2014, surpassed only by U.S. tech stock buying in October 2020, which reached 82%. By contrast, only 12% of respondents named the "Magnificent 7" stocks as the busiest trade, a share that fell to about 70% in June after leading the ranking for 23 straight months from 2023 to 2025.