Not only are Wall Street institutions watching Nvidia's (NVDA) every move today ahead of its second quarter earnings, but retail investors are joining in on the action as well. According to the Wall Street Journal, $7.4 billion in retail trades were tied to Nvidia on August 1, making it the third-highest daily tally on the Nasdaq (^IXIC) since 2016.

Catalysts anchor Madison Mills breaks down the Nasdaq Data Link Historic Retail Trading Monitor to take a deep dive into the retail trading numbers behind Nvidia before the chip company reports earnings results after Wednesday's market close.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino