US retail investors are on a buying spree, with record levels of trading activity observed in two major technology stocks – Oracle and Broadcom. According to UBS’s US retail market making clients, there were $44 million worth of inflows into equity ETFs and single stocks on Thursday, outweighing broader outflows across all single stock sectors.

Within the technology sector, Oracle saw a record level of trading volume since 2013, with net inflows of $22 million. This marks the third consecutive day of net buying by UBS’s retail clients for Oracle, bringing the total amount invested to $99 million over the past seven days. Making it the most-bought single stock name in December.

Broadcom also saw $22 million worth of net buying on Thursday, indicating that investors are optimistic about the company’s prospects in the rapidly growing field of 5G technology. The company recently announced a partnership with Nokia to develop 5G-related products and services, which may have contributed to the increased interest in its shares.

The surge in buying activity in these two stocks suggests that retail investors are becoming more confident in the prospects of technology companies, particularly those with a strong presence in emerging technologies such as 5G. This trend could continue in the coming months, as investors look to capitalize on the growth potential of these companies.