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LIVE MARKETS-Retail traders bought the dip as Nvidia saw its biggest wipeout on record

ReutersJan 30, 2025 5:16 PM
  • S&P 500, Dow gain slightly; Nasdaq dips
  • Real estate best S&P performing sector; Tech sole decliner
  • Euro STOXX 600 index up ~0.9%
  • Dollar flat; crude gains; gold up >1%; bitcoin up 1.5%
  • U.S. 10-Year Treasury yield falls to ~4.53%

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RETAIL TRADERS BOUGHT THE DIP AS NVIDIA SAW ITS BIGGEST WIPEOUT ON RECORD

While Nvidia saw a record market wipeout earlier this week, retail investors took the opportunity to buy into the chipmaker, with one of every three dollars of retail capital flowing into its shares so far this week till Tuesday, as per Vanda Research.

Nvidia NVDA.O had dropped almost 17% on Monday, wiping off $593 billion off its market value in the biggest single-session loss for any company ever.

Retail traders dumped $562.2 million in Nvidia stock that day, a new daily record as per Vanda. They further bought $359.7 million worth of Nvidia stock on Tuesday, lifting the Friday-to-Tuesday total to over $1 billion of net new retail capital into the stock.

Between Friday and Tuesday's close, mom-and-pop-traders poured roughly $4.25 billion of new capital into US financial markets in the form of stocks and ETFs, as per Vanda Research data.

Monday saw the bulk of inflows - about $1.85 bln - a day when most artificial intelligence linked shares in the United States tumbled following the soaring popularity of an inexpensive Chinese artificial intelligence model developed by startup DeepSeek.

(Shashwat Chauhan)

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