Retail Buyers Limit Nvidia Stock Rout
Vanda Research said the first half-hour brought a record $111 million in retail buying as investors bet the AI trade still has room to run.
9 Articles
9 Articles
Nvidia shares fell 4.3 percent on the New York Stock Exchange on the day CEO Jensen Huang resigned.
US stocks: Retail buyers limit Nvidia stock rout
Retail investors poured a record $111 million into Nvidia shares during Thursday’s first half-hour of trading, helping the stock trim an opening loss of as much as 14% to about 5%. The dip-buying suggests confidence in the AI trade remains resilient despite CEO Jensen Huang’s departure and Nvidia’s loss of more than $1 trillion in market value over five weeks.
Nvidia Stock Price Today: $165 as Retail Buys Record Dip
Nvidia stock has drawn the largest opening bid from individual investors that Vanda Research has ever recorded, on the morning its founder left. Retail traders bought a net $111 million of the shares in the first 30 minutes of Thursday’s session, more than 40 times a normal open, according to Vanda data cited by CNBC. At 11:59 a.m. Eastern the shares traded at $165.25, down 4.9% on the day but 11% above the $148.80 low. Two readings put that rec…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
