Nvidia Stock: Retail Buys Record $111M Dip as Analysts Cut
By Tobi Opeyemi Amure
AI summary of the source article
Retail investors bought a record net $111 million of Nvidia stock in Thursday's opening 30 minutes following Jensen Huang's departure. Analysts cut price targets, while heavy retail leverage poses concentration risks for brokers.
Why it matters
For brokers, the exposure is concentration. One stock taking 61% of a week’s retail net buying, with leverage layered on top, leaves client books tied to two dated events.
Key facts
- Retail traders bought a record net $111 million of Nvidia shares in the first 30 minutes of Thursday's session.
- Nvidia captured 61% of all retail net buying for the week, with $42.5 million invested into six 2x long Nvidia ETFs from Monday to Wednesday.
- Wall Street analysts lowered targets, with Stifel cutting to $205 from $315 and Baird reducing to $200 from $500.
Source excerpt · FinanceFeeds
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…