Retail Investors Net Buy $216M in Tesla Over Past Week Amid Slowed Nvidia Purchases in 2024

# Retail Traders Shift Focus to Tesla Amid Nvidia Sell-Off Retail traders are buying the year-to-date dip in Tesla stock, which is down 15% year-to-date in 2024. Over the past five days, TSLA has seen $216 million of net buying, according to Vanda Research. This activity marks a rotation by individual investors away from Nvidia stock.

Retail traders have slowed their buying of Nvidia stock, with NVDA seeing sustained retail outflows after an extended period of buying. The stock has experienced multiple successive sessions of net selling. The last time the five-day net buying for NVDA was this weak at -$294 million was in May 2023.

Recent Retail Investor Trends Retail investors became net sellers of stocks for the first time in three years last month amid volatility from the Iran war.

Since becoming net sellers last month, retail investors have resumed buying stocks. One million rolling retail flows have moved to their highest since late October 2023. Individual investors are rotating away from Nvidia stock following a slowdown in purchases.

This shift comes after retail traders pulled out of Nvidia following the market rally after Donald Trump's Liberation Day tariff announcements in 2023. Retail traders quickly returned to Nvidia and resumed heavy buying after pulling out in 2023.

Historical Context for Nvidia Flows NVDA's sustained retail outflows represent a change from prior patterns.

In 2023, after the initial pullout tied to tariff announcements, buying resumed heavily. The current five-day net selling of -$294 million echoes levels from May 2023, per Vanda Research data. Insider reported on these trends based on Vanda Research analysis.

The rotation to Tesla reflects broader resumption of stock buying by retail investors. Volatility from the Iran war last month prompted the brief net selling period.