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Retail investors rushed into Nvidia
on Thursday following the chipmaker’s latest earnings report, according to VandaTrack.
Mom-and-pop traders recorded their highest levels of net buying in the stock during the first 80 minutes of a trading day going back to at least 2012, according to analyst Viraj Patel. Retail is not behind the selling that led to a lackluster reaction to the blockbuster results, Patel said.
There’s a caveat: Patel said there’s strong selling in addition to buying in the chipmaker. That can help explain the stock’s rocky action in morning trading, he added.
