Amidst the turbulence, retail traders grabbed shares of the leading artificial intelligence chipmaker Nvidia, seizing the opportunity presented by the company’s recent sell-off.
The cohort purchased $1.8 billion worth of Nvidia shares during the previous week during the company’s swift decline under Jensen Huang’s leadership.
Retail traders spent $2.1 billion on individual securities last week, almost all of which were at the single-stock level.
After Nvidia briefly overtook Microsoft as the most valued public firm in the United States, the sell-off began last Thursday.
Within three days, there was a 13% decline in its value.
Once those losses were partially recovered, the stock saw a 2% decline this week, and as of right now, shares are down just 2%.
Source (CNBC)
