Wall Street had a rough week. Investors bought anyway. A lot.

The 10 largest U.S. equity ETFs attracted more than $37.5 billion over the five trading sessions ending Nov. 10, according to The Kobeissi Letter. That is an unprecedented pace of dip-buying, and it happened even as Nvidia Corp. (NVDA) shares plunged nearly 11% this week amid a leadership crisis.

VOO Leads the Charge

The Vanguard S&P 500 ETF (VOO) dominated the flows, pulling in more than $16.9 billion over the five-day stretch. The Invesco QQQ Trust (QQQ) followed with $5.3 billion, while the Vanguard Total Stock Market ETF (VTI) gathered another $3.3 billion.

Other big winners included the State Street SPDR Portfolio S&P 500 ETF (SPYM), which attracted over $2.6 billion, and the Invesco NASDAQ 100 ETF (QQQM), with more than $2.2 billion in inflows.

The concentration in broad-market and Nasdaq-tracking funds tells a simple story: investors are using the weakness to add exposure to U.S. equities, not running for the exits.

Leveraged Bets Get Aggressive

But the most eye-catching flows came from leveraged products.

The Direxion Daily Semiconductor Bull 3X ETF (SOXL) attracted more than $2.1 billion, while the ProShares UltraPro QQQ (TQQQ) recorded inflows exceeding $1.4 billion over the same period. Together, the two funds drew roughly $3.5 billion, a sign that investors are also positioning for an amplified rebound in semiconductor and technology stocks.

SOXL's haul is especially notable given Nvidia's nearly 11% weekly decline. The semiconductor sector has faced extra uncertainty following CEO Jensen Huang's resignation, though analysts have suggested the leadership transition may not immediately disrupt the company's product roadmap or competitive position.

Both SOXL and TQQQ aim to deliver three times the daily performance of their underlying indexes, which makes them particularly sensitive to market swings. Their inflows point to growing demand for leveraged exposure, though flows alone do not establish investors' motivations.

Wall Street Rebounds Despite Nvidia Turmoil

The buying spree comes as all three major U.S. benchmark indexes head toward their strongest weekly performance since August. The S&P 500 and Nasdaq Composite are on track to gain approximately 3%, while the Dow Jones Industrial Average is headed toward a nearly 2% advance.

With Nvidia scheduled to report its third-quarter results on Tuesday, investors now face another major test of market sentiment.