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Bargain-hunting funds pour in as 英伟达's market cap returns above $4 trillion

Source: IT之家 Published: Business & Funding 中文
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IT之家 reported on Nov 13 that 英伟达's share price rebounded noticeably in intraday trading on Nov 12 local time; after an earlier drop of about 14% and a market value loss of nearly $600 billion, bargain-hunting funds entered and helped narrow the decline. By the U.S. market close that day, the decline in 英伟达 shares had narrowed to about 4.34% at $166.19 per share, returning its total market capitalization above $4 trillion (IT之家 note: about RMB 26.74 trillion at current exchange rates), and the stock continued to rise after hours; Reuters reported that retail investors actively bought 英伟达 shares after the sharp drop, with Vanda Research estimating that retail investors bought about $111 million of 英伟达 shares in the first half hour after the open, the highest level in the firm's records, while Fidelity Investments clients had submitted nearly 395,000 buy orders for 英伟达 by midday, nearly five times the number of sell orders, and the concentrated inflow of retail funds somewhat cushioned the stock's decline. Earlier, 英伟达's share price had fallen about 14% intraday and its market value had shrunk sharply; the Associated Press reported that the stock later recovered some losses but still

Translation(model translation, not the source's own text)

Bargain Hunters Pile In as 英伟达's Market Cap Returns Above $4 Trillion

IT之家, November 13 — 英伟达's share price staged a clear rebound in intraday trading on November 12 local time. After an earlier plunge of about 14% that wiped nearly $600 billion off its market value, bargain-hunting funds stepped in, helping the stock narrow its losses.

As of the U.S. market close that day, 英伟达's decline narrowed to about 4.34%, closing at $166.19 per share, and the company's total market capitalization moved back above $4 trillion (IT之家 note: roughly 26.74 trillion yuan at current exchange rates), with the stock continuing to rise in after-hours trading.

According to Reuters, retail investors actively bought 英伟达 shares after the sharp drop. Market research firm Vanda Research estimates that retail investors bought about $111 million of 英伟达 stock in the first half hour after the market opened that day, the highest level in the firm's records.

By midday that day, Fidelity Investments clients had submitted nearly 395,000 buy orders for 英伟达, close to five times the number of sell orders. The concentrated inflow of retail money cushioned 英伟达's share price decline to some extent.

Earlier, 英伟达's stock had fallen about 14% intraday, sharply shrinking the company's market value. The Associated Press reported that the stock later recovered some ground but still closed down about 4.5% that day.

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