That has made it the most-bought equity by retail traders on net in 2024, as of Dec. 17.
Naturally, this push into Nvidia shares has resulted in the stock playing a larger role in the average investor’s holdings.
Retail investors also bought in during an early August dip, which coincided with a broader market sell-off.
This event came within months of the stock’s 10-to-1split, a move that’s typically done to incentivize retail investors.
The past two years of high inflows into megcap tech names can instead reflect traders chasing the ongoing bull market, Iachini said.
Persons:
Michael MacGillivray, ”, MacGillivray, who’s, Tesla, Marco Iachini, “, It’s, Gil Luria, Davidson, Genevieve Khoury, Khoury, “ I’m, Vanda’s, Davidson’s Luria, Luria, Tripathy, hasn’t, Brian Colello, ” Colello, Iachini, Jensen, Elon Musk, Donald Trump, Palantir, Alex Karp, ” Karp, ” “
Organizations:
Nvidia, Vanda Research, Trust, Vanda, Dow, Tesla, Morningstar, Microsoft
Locations:
Michigan, U.S, Los Angeles, New York City, Vanda, California