A record number of tech stock insiders are buying their own shares in 2026
Brian Sozzi· Executive Editor
Fri, July 10, 2026 at 7:08 PM GMT+5:30
2 min read
- XLK
-0.14%
Tech insiders are buying into the summer weakness in their stock prices, while the rest of the market remains more cautious
Corporate insiders are buying tech stocks at a robust pace: 28 executives at companies within the State Street Technology Select Sector SPDR ETF (XLK)have purchased their own stock on the open market over the past six months. That’s the highest count on record, according to analysis from the team at SentimenTrader (see chart below)
This figure has doubled since the start of 2026
The figure aligns with many well-known tech stocks dropping noticeably from their mid-May highs or flat-out lagging in 2026 (see the “Magnificent Seven”)
Tech stocks have retreated from their highs as investors take a more measured view on valuations after an AI-fueled rally. Enthusiasm around artificial intelligence remains strong. But Wall Street is increasingly focused on whether massive spending on data centers, chips, and infrastructure will translate into meaningful earnings growth over the next several years
Fears of higher interest rates have also put pressure on richly valued growth stocks as future profits become less valuable when borrowing costs remain elevated
At the same time, some investors have rotated into sectors that have lagged the market. They have also poured into AI-derivative trades such as Micron (MU) and Sandisk (SNDK), as opposed to just being invested in Nvidia (NVDA)
“I still believe there are better opportunities within the AI ecosystem [than Nvidia]. To me, the AI revolution comes to a screeching halt without memory and without power. And when I think about memory, I think about Micron, who’s still trading at just six times forward earnings,” Hennion & Walsh chief investment officer Kevin Mahn said on Yahoo Finance’s Opening Bid
“For every time Micron comes out and says that we can’t keep up with demand, well, who’s going to benefit from them turning away business? It’s going to be SK Hynix (000660.KS),” he added
Brian Sozziis Yahoo Finance’s Executive Editor, host of thePower Players with Brian Sozzipodcast, and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X@BrianSozzi,Instagram, andLinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com
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