Retail Investors Pour $111 Million Into Nvidia After 14% Drop on Jensen Huang Exit
Updated
Updated · Yahoo Finance · Nov 12
Retail Investors Pour $111 Million Into Nvidia After 14% Drop on Jensen Huang Exit
3 articles · Updated · Yahoo Finance · Nov 12
Summary
$111 million of net retail buying hit Nvidia in the first 30 minutes after Jensen Huang resigned and the stock plunged as much as 14%.
Nvidia later trimmed most of the loss to close about 4% lower, with Vanda calling it the stock's biggest opening retail inflow on record and more than 40 times normal.
Colette Kress has taken over as interim CEO ahead of Tuesday earnings, while retail traders also piled into leveraged bullish funds and largely ignored bearish products.
Technical and historical signals are mixed: shares briefly broke below $153 before rebounding on the heaviest volume in over a year, and similar 10%-plus drop-and-recovery days have usually led to gains a year later.
Wall Street has not broadly abandoned the stock yet, with Rosenblatt and Goldman Sachs both keeping Buy ratings even as Nvidia heads for its worst month since September 2022.