Fidelity retail traders buy the dip after Nvidia CEO steps down
NVDA•Buy orders for Nvidia on Fidelity’s retail platform outnumbered sell orders by almost 5 to 1 on Thursday, as the stock trimmed losses and was last down 4.5%. More than 400,000 Nvidia buy orders were executed.
1. Nvidia leads Fidelity trades
Fidelity retail investors placed 405,352 buy orders and 83,153 sell orders for Nvidia on Thursday, making it the platform’s most popular trade. Nvidia shares were last down 4.5% at about $166, after recovering from a session low of $148.80.
2. Other popular trades
The next-largest trade was Nvidia selling, followed by 25,651 buy orders for Advanced Micro Devices. Micron Technology and Nebius also had more buy than sell orders. Jensen Huang stepped down after revelations of two extramarital affairs, including one involving an alleged Chinese spy.
