Retail investors bought more than $562 million worth of Nvidia stock on balance during the rout, data shows.
Retail investors put more than $562 million into Nvidia shares on a net basis on Monday amid the chipmaker's historic sell-off, according to Vanda Research.on Monday, signaling Main Street support for the chipmaker despite the emergence of an artificial intelligence model from China that battered its shares and caused
Everyday traders bought more than $562 million worth of Nvidia shares on balance Monday, according to data from Vanda Research that subtracts total outflows from inflows. That marked a record for daily net inflows into Nvidia as mom-and-pop investors bucked their institutional counterparts, who dumped the stock en masse.The development raised doubts about the U.S.
"In my opinion, you will see much higher adoption of reasoning AI models," Patel said. "With adoption, you need more compute, and so you'll need more Nvidia chips basically." The show of support from small-scale traders is the latest example of retail investors diverging from monolithic Wall Street, as happened duringthat captivated U.S. markets during the pandemic. The difference now being that individuals can't swing the price of Nvidia, with a market value Tuesday near $3 trillion, the way they could small-cap stocks such as video game retailer
Despite the contrast in size, there were similar overtones on Monday, however. Nvidia was the most-mentioned stock on the popularover the past 24 hours, with mentions surging more than 175% as its shares plunged, according to Quiver Quantitative data as of Tuesday morning.a photo of their Nvidia position on the WallStreetBets forum with the title "in Huang we trust," a reference to Nvidia CEO Jensen Huang.
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