Retail investors have been buying up Nvidia (NVDA) and favoring single stocks over 澳洲幸运5官方开奖结果体彩网:exchange-traded funds lately. ♎That could indi🐼cate optimism about the markets.

According to Vanda Research, which tracks investment flows from retail buyers and sellers, net retail purchases of Nvidia totaled more than $1.1 billion between Oct. 17 and Oct. 23. Retail investors had inflows totaling $885 million into single stocks versus $497 million into ETFs during that period, Vanda said.

"The recent uptick in single stock purchases suggests that confidence levels remain relatively optimistic," wrote Vanda analysts in a Thursday note. "In a more cautious environment we would see purchases of ETFs increase as individuals generally like to stay invested but scale down risk levels by broadening exposure outside of concentrated single-name bets."

Retail Investors Are Also E🌳xcited About Tesla, Trump Media Stock

Tesla (TSLA) was a not-so-close second to Nvidia, attracting more than $353 million of retail investors' dollars beꦐtween Oct. 17 and Oct. 23.

Tesla reported earnings that 澳洲幸运5官方开奖结果体彩网:beat expectations after the ball on the 23rd, causing its shares to 澳洲幸运5官方开奖结果体彩网:rise 22% in yesterday's session. The EV maker's results and outlook rejuvenated interest in the shares, Vanda 💝said, writing that a recent robotaxi event "failed to meet lofty expectations and retail investors began to flock back into their semiconductor darling" — meaning Nvidia.

Nvidia's results are due next month.

While retail investors are still putting their money in big tech companies like Nvidia, Tesla, Apple (AAPL) and Microsoft (MSFT), they're also betting on Trump Media & Technology Group (DJT) ahead of election day in the United Staᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚtes. There were $34 million worth of net retail purchases of "DJT" between Oct. 17 and Oct. 23, Vanda said.

"DJT has historically been regarded as a 'meme stock', but now it’s increasingly being used by retail speculators as a vehicle to bet on a Trump win at the upcoming US election," wrote Vanda analysts.