Retail Investors Dump Nvidia Stock; Will They Turn to Bitcoin?

Several reports indicate that retail investors who bought into Nvidia’s dip are now selling. These traders are pondering if they will use their profits to invest in crypto, following a trend of shifts in investor sentiment. 2023 and 2024 have seen significant gains for many retail investors from their Nvidia investments. However, this period is accompanied by a sharp decline in retail sentiment about Nvidia as per a report from Vanda Research. This downward shift has led to a significant drop in retail optimism, with the sentiment dropping sharply from 10 points leaning towards buying to over 15 points leaning towards selling.