Retail investors bought a record number of Nvidia shares on Monday after concerns about a cheap artificial intelligence model from Chinese startup DeepSeek stripped the company of 17% of its shares, or $593 billion, from its market value. About this write Reuters.
Data from Vanda Research shows that retail purchases of Nvidia shares on Monday amounted to $562,2 million, the largest amount in all time since 2014.
Retail investors have been buying Nvidia stock steadily over the past few years. They bought about $7,3 billion worth of shares in the most recent quarter, according to a New York-based market research firm. But that's nearly half the peak quarterly buying seen in September 2024.
Global technology stocks regained some balance on Tuesday but remained vulnerable after a rout over the emergence of a cheap Chinese AI model forced investors to question the skyrocketing valuations and dominance of AI leaders.
This was preceded by
US technology stocks fell significantly in pre-market trading on the back of a breakthrough by Chinese artificial intelligence startup DeepSeek.
Chinese artificial intelligence startup DeepSeek sent global tech stocks plummeting on Monday, casting doubt on America's technological dominance.
The AI assistant from Chinese startup DeepSeek on Monday overtook competitor ChatGPT to become the highest-rated free app available on the Apple App Store in the US.
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