--- title: "NVIDIA plummeted overnight, institutions sold off, and retail investors went on a buying spree?" description: "NVIDIA's intraday price dropped sharply from a 5% increase to a 5% decline, causing significant volatility in the tech sector. However, the real sellers are institutions: Goldman Sachs data shows that" type: "news" locale: "en" url: "https://longbridge.com/en/news/277120102.md" published_at: "2026-02-27T00:32:24.000Z" --- # NVIDIA plummeted overnight, institutions sold off, and retail investors went on a buying spree? > NVIDIA's intraday price dropped sharply from a 5% increase to a 5% decline, causing significant volatility in the tech sector. However, the real sellers are institutions: Goldman Sachs data shows that capital flows are leaning towards the sell side, with long positions being extremely crowded, exacerbating the sell-off. Meanwhile, retail investors have been buying against the trend at the largest scale since 2012, with a net purchase of $360 million in a single stock, including NVIDIA, within the first 80 minutes of trading, surpassing the total buying amount of the previous trading day Overnight, NVIDIA's stock price plummeted, causing a sharp fluctuation in the technology sector. However, the main players behind this round of selling pressure are not retail investors—in fact, the opposite is true, as retail investors are engaging in the largest buying action in history, countering the trend, while the real sellers are institutional investors. On Thursday, during intraday trading, NVIDIA's stock price experienced a dramatic reversal, rising 5% before rapidly falling 5%. This significant volatility directly dragged down the overall performance of large technology stocks. **However, the strong buying from retail investors is providing potential support for the market.** In the first 80 minutes after the market opened, retail investors' net buying of individual stocks, including NVIDIA, reached $360 million, surpassing the total buying amount of the previous trading day ($336 million), indicating a strong risk appetite. In stark contrast to the retail investors' counter-trend buying, Wall Street institutions dominated the selling side during this sharp fluctuation. Due to the crowded long positions in NVIDIA, the concentrated selling by institutions exacerbated the downward pressure on the stock price. ## Retail Investors' Low-Price Buying Hits Record Highs According to data from Vanda Research, **during the decline in NVIDIA's stock price, the market saw the largest retail buying since 2012.** In the first 80 minutes after the market opened, retail buying activity set a historical record, and the funds were not flowing in one direction, which partially explains the dramatic fluctuations in stock prices. Vanda Research noted that despite the initial weak price movement, retail investors overall did not participate in selling. Instead, as the stock price fell, retail investors maintained a continuous net buying position throughout the trading session. **It is noteworthy that retail buying enthusiasm is not limited to NVIDIA.** Vanda Research observed that on Thursday, retail activity spread to other assets, with overflow buying seen in AVGO, IGV, and SOXX. If this momentum continues, that day could become the largest day for retail buying of individual stocks in months. ## Institutional Funds Dominate Market Selling **Behind the retail frenzy of buying, the real driving force of the selling is institutional investors.** According to Goldman Sachs trading desk data, overall trading activity that day was at a moderate level (5/10), but the overall fund flow leaned towards the selling side by about 5%. In terms of specific types of institutions, traditional long-only funds (LOs) tended to sell, with their main supply concentrated in macro products, information technology, consumer discretionary, and healthcare sectors, while there was buying demand in materials and communication services. Meanwhile, hedge funds (HFs) showed a more pronounced selling tendency, with most of the selling concentrated in macro products, followed by industrials and financials; their buying demand was mainly reflected in information technology (primarily short covering in the software sector), consumer discretionary, and healthcare sectors In addition, the extreme distribution of market positions has amplified the impact of this decline. According to Goldman Sachs' flow of funds experts, prior to this sell-off, the market's positioning in NVIDIA was at an extreme level (reaching 8/10). This highly crowded position means that when the trend reverses, market participants will face widespread losses ### Related Stocks - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) - [NVD.US - GraniteShares 2x Short NVDA Daily ETF](https://longbridge.com/en/quote/NVD.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) - [NVDY.US - YieldMax NVDA Option Income Strategy ETF](https://longbridge.com/en/quote/NVDY.US.md) - [NVDX.US - T-Rex 2X Long NVIDIA Daily Target ETF](https://longbridge.com/en/quote/NVDX.US.md) - [NVDS.US - AXS 1.5X NVDA Bear Daily ETF](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US - Direxion Daily NVDA Bull 2X Shares](https://longbridge.com/en/quote/NVDU.US.md) - [NVDQ.US - T-Rex 2X Inverse NVIDIA Daily Target ETF](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 英伟达财报如此 “炸裂”，但为何市场 “冷眼相待”？ | 英伟达已连续 14 个季度营收超出预期，当超预期成为常态，光是业绩好已经远远不够了。市场焦点已转向对 AI 需求可持续性以及英伟达本身供给约束的焦虑，需求侧的巨额长单也因为与客户存在交叉持股而招致批评。此外，尽管英伟达数据中心业务增长强劲， | [Link](https://longbridge.com/en/news/276994346.md) | | AI 需求还强！英伟达 Q4 营收增 73%，Q1 指引 “炸裂” 创新高，黄仁勋上调 5000 亿收入预期 \| 财报见闻 | Q4 英伟达总营收和数据中心收入均创纪录；得益于 Blackwell 放量，毛利率升破 75%、创一年半新高；数据中心收入超预期同比加速增长 75%，其中网络收入增逾 260%；游戏收入逊于预期，因渠道库存影响环比降 13%，英伟达预计，Q | [Link](https://longbridge.com/en/news/276955356.md) | | 英伟达｜10-K：2026 财年营收 2159 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276944533.md) | | Feynman 架构登场？英伟达 GTC 大会或首发 1.6nm 芯片 | 英伟达 GTC 大会或发布下一代算力芯片 “Feynman”。市场传其将独占台积电 1.6nm 先进制程，并集成 Groq LPU 挑战极低延迟。Wccftech 预计 Feynman 将在 2028 启动生产，出货或在 2029-2030 | [Link](https://longbridge.com/en/news/276879294.md) | | 英伟达｜8-K：2026 财年 Q4 营收 681 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276943204.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.