Retail enthusiasm around Nvidia has faded ahead of Wednesday's big earnings report. Institutional investors remain bullish on Wall Street's biggest artificial intelligence play, with more than 70% convinced the chipmaker will beat expectations when it reports earnings post-market Wednesday for its fiscal quarter ended in July, according to a note from the global investment research team at Goldman Sachs. But retail spending on Nvidia has fallen off a cliff in recent months, the bank found. Notional monthly flows into Jensen Huang's company, which peaked at around $140 billion in 2024 have since slumped to roughly $50 billion, Goldman said. Nvidia's latest earnings could reveal whether the so-called dumb money can retain its edge. Turns out that retail investors — who returned to the market
Street convinced Nvidia will rally on earnings. Retail investors skeptical

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