Nvidia Becomes Most Traded Stock of 2024. In 2024, retail investors poured a record $30 billion into Nvidia shares, according to CNBC, citing data from Vanda Research. This made Nvidia the most popular stock among retail traders by net purchases this year.

Nvidia Becomes Most Traded Stock of 2024. In 2024, retail investors poured a record $30 billion into Nvidia shares, according to CNBC, citing data from Vanda Research. This made Nvidia the most popular stock among retail traders by net purchases this year.

For comparison, investments in the SPDR S&P 500 ETF Trust, which tracks the broad U.S. stock market benchmark, were almost half the amount directed toward Nvidia.

The company is also on track to dethrone Tesla, the previous favorite of retail investors. Nvidia’s impressive stock growth has drawn traders’ attention away from Tesla. “Nvidia has shifted focus away from Tesla thanks to its remarkable price performance. The results speak for themselves,” said Marco Iachini, Senior Vice President at Vanda Research.

Net inflows into Nvidia shares have grown ninefold compared to 2021, reflecting retail investors’ confidence in the company and its future prospects.

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