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Investing.com -- Retail investors have set a new record by purchasing a net $562.2 million worth of Nvidia (NASDAQ:NVDA) stock on Monday, Reuters reported.
This surge in buying occurred after the company's shares dropped 17%, due to worries about a low-cost artificial intelligence (AI) model from Chinese startup DeepSeek. The fall erased $593 billion from Nvidia's market value.
Data revealed by Vanda (NASDAQ:VNDA) Research indicates that this is the highest amount of retail purchases of Nvidia shares since records began in 2014. Retail investors have been steadily buying Nvidia shares over the past few years.
In the last quarter, they bought around $7.3 billion worth of shares, according to the New York-based market research and analysis firm. This amount, however, is nearly half the peak in quarterly purchases recorded in September 2024.
Global technology shares regained some stability on Tuesday. Nvidia stock opened about 4% higher in premarket trade Tuesday.
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