Retail Traders Have Been Selling Tesla and Nvidia. What They’ve Been Buying Instead.

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Retail traders were taking a cautious approach by selling stocks like Tesla and Nvidia as the markets gained for a third consecutive day, opting against chasing the rally.

Retail traders—or investors directly buying shares of individual companies on trading platforms—were net sellers of crowd favorites Nvidia (ticker: NVDA) and Tesla (TSLA), with Sell orders outpacing Buy orders by ratios of 1.1:1 and 1.4:1, respectively. Retail investors veered toward Apple (AAPL), Advanced Micro Devices (AMD), and NIO Inc. (NIO), as well…