Retail investors are making their voices heard in the stock market, with the biggest net purchases of NVIDIA (NVDA) shares on record. According to Vanda Research, retail investors have been consistently buying NVDA shares throughout the first 80 minutes of trading, despite initial price action being soft. This surge in retail buying is not limited to NVDA, as other names such as AVGO, IGV, and SOXX are also seeing spillover buying.

The total retail turnover in NVDA has been remarkable, with more than $360 million in net buying within the first 80 minutes of trading. This is significantly higher than the $336 million in total retail buying yesterday. The choppy price action can be attributed to both buying and selling forces, but the overall trend is clear: retail investors are eager to jump into the market and drive prices higher.

This increased retail activity has significant implications for the overall risk view. As Vanda Research notes, “If this continues, then we may be on track for one of the biggest days of retail buying of single stocks in months, which matters a lot for the overall risk view.” With so much momentum behind retail buying, it’s likely that this trend will continue throughout the day and potentially beyond.

It’s worth noting that this surge in retail buying is not limited to NVDA alone. Other names such as AVGO, IGV, and SOXX are also seeing spillover buying, indicating a broader shift in sentiment among retail investors. This could be a sign of increased confidence in the market and a willingness to take on risk, which could have far-reaching implications for the overall health of the stock market.