JPM: Retail traders bought the DeepSeek dip

Amid the hair-on-fire quality of Monday’s DeepSeek freak-out, retail investors were doing a bit of bargain hunting, according to JPMorgan analysts in their weekly analysis of retail trading activity.

“Retail investors bought the dip,” they wrote, adding that they observed meaningful inflows of money into a few notable tech stocks, including Broadcom, Nvidia, and TSMC.

In previous reporting, JPM’s analysts had also noted that retail investors bought into the recent weakness of Palantir, which is also receiving a healthy bump on Tuesday after taking a beating on Monday.

But more broadly, it seems the market is taking some comfort from the position of analysts like Wedbush’s Dan Ives. Early today he wrote:

“DeepSeek does not disrupt the $2 trillion of AI Cap-Ex set for the next 3 years with Nvidia, Microsoft, Google, Amazon, Palantir, ServiceNow, Salesforce, Oracle, TSMC, and others front and center poised to benefit.”