Retail buyers help slow Nvidia’s selloff
In short
Retail investors bought a record $111 million of Nvidia shares in the first half-hour of trading on Thursday. That helped Nvidia reduce an early loss of as much as 14% to about 5%.
The heavy buying shows some investors still believe in the AI trade, even after Nvidia lost more than $1 trillion in market value over five weeks.
What the reporting says
Retail investors poured a record $111 million into Nvidia shares in the first half-hour of trading on Thursday, helping the stock cut an opening loss of as much as 14% to about 5%. The buying came as Nvidia had lost more than $1 trillion in market value over five weeks, even after CEO Jensen Huang’s departure. The move points to continued confidence in the AI trade among small investors.
Why it matters
Retail investors bought a record $111 million of Nvidia stock during the first half-hour of trading on Thursday, helping the shares recover from an opening drop of as much as 14% to about 5%. The stock had already lost more than $1 trillion in market value over five weeks. The trading pattern suggests continued support for AI-linked stocks despite the steep selloff.