Retail traders were out in force to buy the dip in AI darling Nvidia

[Pelican Press 0]

Retail traders were out in force to buy the dip in AI darling Nvidia

This is the hidden content, please

• Sign In
• or
• Sign Up

as the most valuable public company in the U.S. It went on to see a 13% slump in the span of just three days. The stock has since recouped some of those losses, and the shares are now off just 2% so far this week. Nvidia makes valuable AI graphics processing units (GPUs) that are being sold to

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

, Oracle and Meta Platforms to power their data centers and cloud services. Despite the latest decline, Nvidia has more than doubled in 2024, climbing 150% on top of last year’s 239% rally. The chipmaker, which has passed a $3 trillion valuation, has become so prominent that it’s now a market bellwether that can sway the direction of the entire stock market. JPMorgan estimated that retail investors are up 179% trading Nvidia this year, topping the stock’s year-to-date performance. Meanwhile, other megacap tech stocks fared poorly among individual investors last week, JPMorgan said. Advanced Micro Devices saw net sales of $163 million,

This is the hidden content, please

• Sign In
• or
• Sign Up

had a net drawdown of $158 million and Tesla $122 million.

This is the hidden content, please

• Sign In
• or
• Sign Up

regwall-pro,Markets,Stock markets,Wall Street,Investment strategy,Breaking News: Business,Breaking News: Investing,Breaking News: Markets,NVIDIA Corp,

This is the hidden content, please

• Sign In
• or
• Sign Up

Corp,Meta Platforms Inc,business news
#Retail #traders #force #buy #dip #darling #Nvidia

This is the hidden content, please

• Sign In
• or
• Sign Up