Retail investors who nailed the market comeback this year have been stacked up in artificial intelligence favourite Nvidia and many other technology names heading into September, according to JPMorgan data. Nvidia has a net inflow of $867 million in the name on its list of the top 10 single stocks with the largest weekly retail order imbalance over the past week, Wall Street Company data shows. Small investors bought a small DIP of AI enablers as they fell more than 2% last week despite the stellar earnings report. Nvidia has issued guidance for the current period that has won quarterly revenue and revenue and exceeded estimates. JPMorgan said it purchased retail purchases around noon after Nvidia’s revenues reached four times that day at the same time. Still, retail enthusiasm around Nvidia had disappeared ahead of Wednesday’s big revenue report. According to Goldman Sachs, the conceptual monthly flow of Jensen Huang’s company, which peaked at around $140 billion in 2024, peaked at around $140 billion in 2024. It seems that other enthusiasm for AI plays is also declining. Advanced Micro Devices and Soundhound AI were among the top 10 shares in the retail cohort, but purchasing power last week was low, JPMorgan said. “Beyond NVDA, retail investors have been involved in AI stories at a slower pace in recent months compared to 1H25,” JPMorgan strategist said in a note to clients. Their second favorite is Palantir. Online retail purchases exceeded $300 million last week, Jpmorgan said. Opendoor has recently been at the heart of Meme Stock Craze and has also been one of retail investors’ favourites for September. Walmart, Coreweave and Snowflake were also on the list.
