Home / Business and Economy / Record Nvidia Buying as Stock Plummets
Record Nvidia Buying as Stock Plummets
13 Nov
Summary
- Investors bought a record $111 million in Nvidia shares Thursday.
- Nvidia's market value dropped $550 billion this week.
- Fidelity saw more Nvidia buy orders than next nine stocks combined.
Individual investors demonstrated a strong buy-the-dip strategy on Thursday, snapping up a record $111 million in Nvidia shares during the opening 30 minutes of trading. This significant buying activity occurred despite a sharp market selloff that has reduced Nvidia's market capitalization by $550 billion this week. The recent volatility began with questions surrounding CEO Jensen Huang's alleged ties to a woman suspected of spying for China.
Data from Fidelity Investments revealed a pronounced investor interest, with customers placing 394,818 buy orders for Nvidia by noon ET, compared to 80,088 sell orders. This volume far surpassed the combined buy orders for the next nine most-traded stocks on the platform, including Advanced Micro Devices and Nebius. Investors are now keenly watching Nvidia's upcoming earnings call on November 17 for further market direction clues.
