Nvidia's dominance in the artificial intelligence sector has fueled a surge in retail investment, with everyday investors pouring nearly $30 billion into the company's shares this year. This makes Nvidia the most-bought equity by retail traders in 2024, surpassing even Tesla in popularity. Vanda Research data reveals that Nvidia now constitutes over 10% of the average retail investor's portfolio, highlighting the stock's significant impact on individual investors' holdings.
Retail traders sent almost $30 billion into Nvidia shares this year on balance, according to Vanda Research.
"Nvidia turned out to be the one stock that kind of stole the show from Tesla because of impressive price gains," said Marco Iachini, senior vice president at Vanda."The performance speaks for itself."It's the latest feather in the cap for Nvidia. The AI titan has enamored investors big and small for more than a year. The chipmakerstock is tracking to finish 2024 higher by more than 180%.
"Nvidia really stands out in terms of how quickly retail investors became such a big part of the ownership stake," said Gil Luria, head of technology research at D.A. Davidson, an investment bank."The ascent was remarkable." Despite this recent volatility, individual investors such as Prajeet Tripathy remain optimistic over the company's leadership within AI and focus on innovation."I think that it's only going to keep rising exponentially," said Tripathy, a recent college graduate.
Notwithstanding strong returns, Iachini said, Nvidia can be a surprising pick for the typical at-home investor. Despite Nvidia CEO Jensen Huang's signature leather jacket, the company lacks a"God-like" personality that can garner retail investor attention, Iachini said.
INVESTMENT RETAIL TRADERS NVIDIA ARTIFICIAL INTELLIGENCE STOCK MARKET
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Skarsgård's Rotten Tomatoes Cold Streak Is Officially Over Thanks To Acclaimed Upcoming Horror MovieBill Skarsgard in the posters for The Crow (2024), Boy Kills World (2024), and Nosferatu (2024)
Read more »
Black Friday Kindle deals slash $30 off the price of the 2024 PaperwhiteWill Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
Read more »
Black Friday 2024: The 45 best deals we found under $30Believe it or not, there are plenty of cheap Black Friday deals available for under $30. Here, we rounded up games, speakers, mobile gear, and other fun sub-$30 gadgets.
Read more »
Black Friday Kindle deals are still available: Get $30 off the 2024 PaperwhiteWill Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
Read more »
Retail in Center City is thriving in 2024 according to its annual retail reportRetail is thriving in Philadelphia's Center City, according to its annual report. FOX 29's JoAnn Pileggi has the details.
Read more »
See How and What You Photographed in 2024 With Google Photos’ 2024 RecapGoogle Photos' new AI-powered year-in-review, 2024 Recap, shows users how and what they photographed in 2024.
Read more »