On Wednesday evening after the New York Stock Exchange closes, American Nvidia – the world's most valuable listed company – will release its figures for the latest quarter. There is great concern ahead of the report. Nvidia shares have been dragged down by the decline in the entire AI sector in recent weeks.
Swedish small savers have also sold.
Savings economist Felicia Schön at the online bank Avanza says that Nvidia was the third most net-sold stock at Avanza both on Tuesday and last week.
In the past month, it's actually the second most net-sold stock, she says.
But at the same time, we see that the number of customers who own Nvidia is increasing.
I interpret it as not choosing to sell everything, but to cut back. That is, choosing to take a profit from the company so that you still have some left, says Schön.
Taking altitude
Schön calls this behavior healthy. Savers take into account, for example, a near-term correction, but still continue to “join in on a potential success story.”
The number of owners in Nvidia on Avanza now amounts to around 93,000. Compared to a year ago, the number of owners has increased by 34 percent – and Schön notes that interest in the company is still high.
At the online broker Nordnet, in turn, the number of Nvidia owners has increased by three percent since last September.
It may sound a little, but there are a lot of people who own Nvidia. It is clear that savers have continued to own Nvidia. It is not that they are selling off, but savers are net buyers, says Bratt.
Have confidence
Nvidia is also the third most net-bought US stock in November. Savers are hoping for a good report.
It remains popular. Although there may not be a rush to the buy button, no one is selling, and people are confident.
According to Bratt, the widespread concern ahead of the report's release is more about smaller companies in the AI sector or companies that have invested a lot of money in AI where no profitability can still be seen.
On Tuesday, the stock fell 2.8 percent.
