Retailers seized the chance presented by Nvidia’s recent sell-off to acquire shares of the leading artificial intelligence chipmaker despite the market’s instability.
During the course of the last week, the cohort purchased $1.8 billion worth of Nvidia shares while the Jensen Huang-led company experienced a sharp decline.
Retail traders spent $2.1 billion on individual securities last week, almost all of which was at the single-stock level.
Last Thursday marked the beginning of Nvidia’s sell-off, following its brief overtake of Microsoft as the most valuable public corporation in the United States.
It then had a 13% decline in just three days. Subsequently, the stock recovered a portion of those losses, and as of now, the shares have lost just 2% this week.
Source (CNBC)
