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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
595 Following    2.6M Followers
Retail investors are piling into Nvidia after the company's record quarter. Retail investors purchased ~$250 million in Nvidia, $NVDA, shares on Wednesday, their 3rd-largest daily purchase since mid-May. This extended the buying streak to 15 consecutive trading sessions. Over this time, retail investors acquired +$2.5 billion in $NVDA shares. By comparison, the largest retail daily purchase was recorded in late February, at +$1.0 billion. Over the last 12 months, retail investors have purchased +$30.0 billion in Nvidia stock, the most among all Magnificent 7 companies. For retail investors, Nvidia remains at the center of the AI trade.
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