Nvidia Sees First Bout of Retail-Investor Selling Since July

Individual investors have long piled into shares of Nvidia Corp., whose meteoric surge turned it into the biggest company in the S&P 500 Index. But on Wednesday they dumped the stock for the first time since July, signaling a potential shift as the Iran war pulls the market down from its AI-fueled rally.

The net selling wasn’t immense, amouting to $44.9 million, according to Vanda Research — a tiny fraction of Nvidia’s more than $4 trillion market value. Yet to Vanda it may be a positive thing —- with smaller investors often the last to pull back, signaling a rebound may be in store.