Nvidia sees 'remarkable' influx of retail investor dollars as traders flock to AI darling [MSNBC.com]
Tesla, Inc. (TSLA)
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Source: MSNBC.com
As Michael MacGillivray saw artificial intelligence becoming more ubiquitous in everyday life, the 25-year-old wanted his investments to reflect that. It didn’t take long to figure out how he wanted to play the trend.“Whenever you look at AI, it’s like, all the roads lead toNvidiaMacGillivray’s purchases have contributed to the nearly $30 billion poured into Nvidia on balance by everyday investors this year, according to data from Vanda Research. That has made it the most-bought equity by retail traders on net in 2024, as of Dec. 17.More from Nvidia has seen almost double the amount of net inflows from this group compared with theSPDR S&P 500 ETF Trust (SPY)Teslamost-bought title in 2023.“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.”‘Up and up and up’It’s the latest feather in the cap for Nvidia. The AI titan has enamored investors
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