--- title: "Retail investor retreat signals intertwine with institutional undercurrents, NVIDIA faces a critical test at the $170 life-and-death line" type: "News" locale: "en" url: "https://longbridge.com/en/news/280697588.md" description: "This Wednesday, individual investors net sold NVIDIA for the first time, which may indicate a shift in investment sentiment. Although the net sell-off was only $44.9 million, Vanda Research believes that the retreat of retail investors could signal an impending rebound. NVIDIA's stock price fell to $171.24, approaching the $170 support level, and if it breaks below, it may face further downside risk. BTIG analysts pointed out that if the closing price is below $170, it could form a major top, with future risks pointing towards $150" datetime: "2026-03-26T23:14:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280697588.md) - [en](https://longbridge.com/en/news/280697588.md) - [zh-HK](https://longbridge.com/zh-HK/news/280697588.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280697588.md) | [繁體中文](https://longbridge.com/zh-HK/news/280697588.md) # Retail investor retreat signals intertwine with institutional undercurrents, NVIDIA faces a critical test at the $170 life-and-death line According to Zhitong Finance APP, individual investors have been continuously buying Nvidia (NVDA.US) for a long time, making it the largest company by market capitalization in the S&P 500 index. However, this Wednesday, these investors net sold the stock for the first time since July of last year, which may indicate a potential shift in investment sentiment against the backdrop of geopolitical conflicts dragging the market down from the AI-driven rally. According to Vanda Research, the scale of net selling by individual investors is not large, only $44.9 million, which is negligible compared to Nvidia's market capitalization of over $4 trillion. However, the firm believes this could be a positive signal—retail investors are often the last to withdraw their funds, and their exit may actually indicate that a rebound is imminent. In a report to clients on Thursday, Vanda Research wrote: "Historically, this pattern of fund flow usually has positive constructive significance." The last time a similar situation occurred was on July 2, after which Nvidia's stock price rose about 20% over the next six weeks. Vanda Research believes this indicates that "when retail investors sell, it may coincide with institutional demand picking up on the other end." However, BTIG pointed out that the recent decline in the stock has brought it close to a key technical level, which could trigger a rebound or indicate that the stock price may further decline significantly. Amid a broader market decline on Thursday, Nvidia fell more than 4%, closing around $171.24, marking its lowest level since mid-December. BTIG's chief market technician Jonathan Krinsky stated: "Nvidia is approaching the very important support level of $170. If the closing price falls below this level, it could indicate that a major top has formed, with risks pointing towards the $150 level." ![5cdd6690d3ce28b0d921e4d397fc5cd2.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260327/1774566402695297.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Although the S&P 500 index has fallen over 5% this year, the semiconductor sector as a whole has still recorded gains. However, Krinsky also noted a concerning signal: Micron Technology's stock price has fallen for six consecutive trading days, down over 20% from its historical high, despite the company's recent earnings report being generally positive. He pointed out that since 1999, there has not been a case of a stock dropping about 20% from a 52-week high and closing down for six days in a row, adding, "When good news meets selling pressure, caution is warranted." Nvidia's recent pullback may also belong to a similar situation. Krinsky stated: "Nvidia is the largest company by market capitalization globally, and the semiconductor sector is the largest industry sector by weight in the S&P 500 index. If this sector breaks down, it will clearly have a negative transmission effect on the overall market." However, Vanda Research also sees optimistic reasons, as the heavy selling pressure at the beginning of Wednesday's session "gradually turned into net buying by the end of the session." The agency believes that if retail funds show net inflows again on Thursday, it may indicate that "the market's animal spirits have been reignited." 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