Key Insights:
- Retail investors bought $1.6B of Nvidia stock in three days, as the NVDA stock price fell around CEO Jensen Huang’s resignation.
- Leveraged Nvidia ETFs NVDL and NVDU drew $465M combined, while Thursday saw a record $111M opening retail buy.
- Dip buyers rushed in ahead of Tuesday’s crucial Q3 earnings report.
Retail investors bought $1.6 billion in Nvidia (NVDA) shares in three days, The Kobeissi Letter reported. Buying continued as the stock sank amid CEO Jensen Huang’s resignation.
Nvidia Stock Crash Sparks a Record Retail Buying Spree
Retail investors bought $730 million of NVDA on Tuesday. That was their largest daily purchase since March.
Monday saw $590 million in buying, and Wednesday added $300 million. In total, retail bought $1.6 billion over three sessions ending Wednesday. It was their largest three-day purchase in at least 12 months.
Leveraged products also saw heavy demand over the same period:
- The 2x leveraged long Nvidia ETF NVDL drew $401 million. It was on track for its largest weekly intake since November 2025.
- The 2x leveraged long ETF NVDU attracted $64 million. That was on track for its largest weekly inflow since February 2026.
Together, the two funds took in $465 million. The pace did not slow on Thursday. In the first 30 minutes, retail investors bought $455 million of NVDA stock. They also sold $345 million.
Net purchases reached $111 million. Vanda Research data showed this was the largest net buy in the opening half-hour on record. Vanda also reported that Nvidia stock took 61% of all retail buying in U.S. stocks and ETFs that week.
Why the NVDA Stock Price Fell Before Earnings
The Nvidia stock crash followed Huang’s exit on Thursday, November 12. Yahoo Finance reported that Nvidia’s board met Wednesday night and moved to oust him. Reports of extramarital affairs had surfaced earlier in the week.
CFO Colette Kress took over as interim CEO. She would lead the company until the board named a permanent successor. Shares opened near $151 on Thursday, down about 13%. The decline briefly passed 14% before buyers pared the losses.
The NVDA stock price closed at $166.19, down 4.34%, according to Yahoo Finance. Nvidia’s market value fell about $490 billion from the prior Friday. It stood at $4.005 trillion at Thursday’s close.
The slide also extended a rough run for the chip giant. Shares had been under pressure since the record high in October.
At the Thursday low, the stock sat about 38% below that record. It also touched its lowest level since June 2025, according to market data reported by AOL.
The move also pulled in retail attention at scale. The same Vanda data showed that small investors bought heavily across the week. They favored Nvidia over every other U.S. stock and ETF.
Several analysts weighed in after the news. Bernstein kept its Market Perform rating and a $200 price target. The firm said the shares “screen extremely cheap.”
Dip buying carries risk, and leveraged funds raise that risk further. Funds such as NVDL and NVDU reset daily. That could magnify losses during volatile sessions.
What Could Move Nvidia Stock on Tuesday?
All eyes turned to Nvidia’s third-quarter earnings report. The company set its call for Tuesday, November 17, at 5 p.m. ET. Nvidia posted the details on its investor relations page.
The report would be the first since Huang’s departure. Kress would lead the company as interim chief executive.
Market watchers could focus on a few areas:
- Data center revenue and guidance for the next quarter
- Management comments on the CEO transition
- Customer demand for Nvidia’s AI chips
The result might set the tone for how the NVDA stock price traded afterward. Retail traders had already placed large bets before the numbers arrived. Readers could also check our coverage of Bitcoin price action here.
