Big investors are dumping shares of Taiwan panel maker Innolux even as small investors rush to buy the dip, and the pros look right so far — the stock is still falling.

• Innolux is pivoting into AI chip packaging, working with TSMC on glass substrate technology, but said the revenue won't show up before 2028.
• That long wait triggered heavy selling: institutions unloaded more than 84,000 lots in two days.
• Foreign money wants returns it can cash in quickly, so it moved to companies already making profits.
• Retail buyers piled in anyway, pushing trading volume past 110,000 lots, but the stock still fell over 2%.
• Analyst Lu Han-wei says the smart move is to wait for real orders and revenue — buying in 2027 would be soon enough.

Outlook: Expect more choppy trading in Innolux until the company can show actual packaging orders and sales, not just a 2028 promise.