This week, individual investors took advantage of the market downturn by purchasing shares of Nvidia and Microsoft.

This week, retail investors took advantage of a significant market dip by purchasing shares of major technology companies that had seen substantial declines. Data from JPMorgan indicates that these individual investors were net buyers on Tuesday and Wednesday, following a global market downturn on Monday caused by recession fears and the unwinding of a hedge fund trade. Over the past week, retail traders bought $302 million worth of stocks, a stark contrast to the $2 billion in net sales the previous week. These investors might be wagering that the bull market remains strong despite the sharp sell-off earlier in the week. On Monday, the Dow Jones Industrial Average and the S&P 500 experienced their largest daily losses since September 2022, while Japan’s stock market suffered its worst drop since the 1987 Black Monday, heightening concerns of global instability. However, the markets have since recovered a significant portion of those losses, with the S&P 500 down only about 0.8% for the week as of Thursday.

Retail investors particularly focused on Nvidia and Microsoft, which saw retail inflows of $552 million and $471 million, respectively, over the past week. Nvidia’s stock had fallen by 5.2% on Monday, and Microsoft’s by 3.3%. Other companies like Broadcom, CrowdStrike, and MicroStrategy also attracted increased retail buying amid the market volatility. Conversely, retail investors sold off health care stocks during this period. Notably, they sold shares of PetIQ following the announcement of its acquisition by private equity firm Bansk Group.