Despite the fall of the high-tech sector as a whole, according to an expert at TD Ameritrade, a Singapore-based brokerage firm, retail investors continue to buy shares of such firms, CNBC writes.

The world’s largest high-tech companies recently lost more than $1 trillion in 3 trading sessions.

That investors haven’t lost faith in high tech is evidenced by the fact that TD Ameritrade’s [Investor Movement Index] indicates that retail traders are indeed continuing to buy Big Tech stocks on the dip, according to A.J. Kaling, head of international education at TD Ameritrade, who claims the Investor Movement Index is “the world’s first index based on actual investor behavior.”

“One of the interesting things we saw was that technology was still attractive,” he said.

The Nasdaq Composite high-tech index on Wall Street is down more than 27% this year.

Even bigger losses were seen in Asia, where Hong Kong’s Hang Seng Tech Index fell more than 29%. In mainland China, the Star 50 index, a composite of the 50 largest stocks in the high-tech market, fell more than 28% over the same period.

Investors seemed to interpret the pullback in the tech sector as a buying opportunity, the specialist said.

“It looks like investors have an opportunity to buy these stocks that they haven’t had in two years. If you missed the pullback in the COVID-19 era when we had 23 days of declines, this could be your opportunity,” he said.

Kaling said most of the buying occurred at the end of April, not the beginning.

Among the high-tech stocks bought by TD Ameritrade clients were shares of the world’s largest chip maker Taiwan Semiconductor Manufacturing Company and U.S. software firm Adobe.

Meanwhile, shares of TSMC fell to levels not seen since October 2020.