Jan 30 (Reuters) - Individual investors responded to the
market selloff earlier this week triggered by concerns regarding
a Chinese artificial intelligence startup by buying a wide array
of technology stocks, according to data released by Vanda
Research on Wednesday.
Retail investors poured one out of every three dollars of
their investments into Nvidia ( NVDA ) shares in the first days
of this week when the AI chipmaker suffered a record one-day
loss in market value, according to market tracking firm Vanda.
It also reported retail investors were eager purchasers of
Tesla, Broadcom ( AVGO ) and Apple ( AAPL ). Investors
also snapped up tech-focused exchange-traded funds like the
Invesco QQQ Trust and a leveraged ETF offering three
times the daily return of the Nasdaq 100 Index.
"This buy-the-dip opportunity is proving to be too
attractive for individual investors to pass up on," said the
VandaTrack report's authors, Marco Iachini, the firm's senior
vice president, and Lucas Mantle, vice president.
In total, Vanda estimated that between Friday and the
market's close on Tuesday, traders poured roughly $4.25 billion
of new capital into U.S. financial markets.
That boosted the trailing five-day retail inflow average to
about $1.3 billion a day, levels not seen since the immediate
aftermath of the U.S. presidential election in November.