Flows are rotating into ALGM while NXT weakens

🇺🇸 A clear flow shift is underway as inflows into $ALGM (Allegro MicroSystems, Inc.) dominate, contrasting sharply with the broad outflows seen elsewhere. The market is signaling renewed interest in the theme, with ALGM attracting $69M in fresh bids while the largest exit is only $16M from NXT, which remains under pressure. The divergence suggests traders are reallocating away from recent leaders like NXT and SN toward more defensive or value-oriented themes like ALGM and DOW. This shift is confirmed by the inflow count of 193 versus outflows at 87, with ALGM leading the charge. The next test is whether this inflow momentum sustains through the close or if outflows accelerate again. Watch for continued bid strength in ALGM and DOW, which could signal a broader rotation away from momentum plays into more stable, dividend-oriented themes.