Retail Investors Buy Nvidia Dip After CEO Resignation

Retail investors are aggressively buying into the GraniteShares 2x Long NVDA Daily ETF (NVDL) despite the fund experiencing a one-month loss of over 53% as of November 13, 2026. This surge in dip buying follows the resignation of Jensen Huang, the former CEO of Nvidia, who stepped down amid scrutiny regarding two extramarital affairs.

Nvidia shares fell sharply on Thursday and continued to decline Friday morning, dropping 4.63%. The leveraged NVDL fund fell 8.89% on Friday, highlighting the impact of volatility decay. Because of Nvidia's massive market capitalization, the price drop has the potential to impact major stock indexes and retirement savings, including 401(k) plans and target-date funds.

Bloomberg Intelligence analyst Eric Balchunas reported a broader trend of equity ETF inflows, with approximately $13 billion entering the market on November 12. Financial experts suggest that while diversified portfolios are generally insulated, those heavily exposed to Nvidia should reassess their holdings. Investors are now awaiting Nvidia's earnings report on November 17 to determine if strong financial fundamentals can offset the leadership crisis.