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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
It is also on pace to dethrone Tesla , the retail investor favorite that earned the most-bought title in 2023. Additionally, Nvidia's retail inflows on net in 2024 are more than 885% larger than the amount seen just three years prior. 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: Jensen Huang, Tom Williams, Michael MacGillivray, MacGillivray, who's, Tesla, Marco Iachini, Vanda, It's, Gil Luria, Davidson, Genevieve Khoury, Khoury, Vanda's, Davidson's Luria, Luria, hasn't, Brian Colello, Colello, Iachini, Jensen, Elon Musk, Donald Trump, Alex Karp, Arnd Wiegmann Organizations: Nvidia, CQ, Inc, Getty, Vanda Research, Trust, Dow, U.S . Stock, Vanda, Tesla, Morningstar, Palantir Technologies, Reuters Locations: Michigan, Los Angeles, New York City, Davos, Switzerland
REUTERS/Jorge SilvaBANGKOK/NEW DELHI, July 17 (Reuters) - Indian tourists are streaming into Southeast Asia, cementing the world most populous country's position as a key growth market for a travel and tourism sector that is feeling the pinch of China's slower-than-expected re-opening. "Southeast Asia is obviously very well positioned for a lot of the growth that is inevitably going to come from India," aviation analyst Brendan Sobie told an industry conference last month. Tanes Petsuwan, deputy governor of the Tourism Authority of Thailand said 1.6 million Indians were expected to visit the kingdom this year. Indians are helping to sustain a post-pandemic rebound for hospitality chains, including Minor Hotels, which has 45 properties in Southeast Asia with more than 6,000 rooms. Thailand's central bank expects 29 million visitors this year and 35.5 million in 2024.
Persons: Jorge Silva, Brendan Sobie, Tanes Petsuwan, Chai Eamsiri, Chai, Vinay Malhotra, IndiGo's, Sobie, Dillip, Pratyush Tripathy, That's, Somsong Sachaphimukh, Somsong, Pasit, Stefanno Sulaiman, Neil Jerome Morales, Robert Birsel Organizations: REUTERS, Jorge Silva BANGKOK, Thai Airways, Organisation for Economic Cooperation, Reuters, Asian Development Bank, Tourism Authority, IndiGo, Airbus, Minor, Bank of, Tourism Council of, Thomson Locations: India, Thailand, Patong, Phuket, DELHI, Asia, China, Thai, Singapore, Indonesia, Southeast Asia, Jakarta, Bangkok, Kolkata, Pattaya, Europe, United States, Thailand's, Bank of Thailand, Tourism Council of Thailand, BANGKOK, JAKARTA, MANILA
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