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Nvidia has become the most-bought stock by retail investors in 2024, with nearly $30 billion in net inflows from everyday traders. The AI chipmaker rivaled Tesla in retail investor interest, fueled by its dominance in artificial intelligence and a meteoric stock price increase of over 180% this year. Retail investors now allocate over 10% of their portfolios to Nvidia, nearly doubling its weight from the start of the year. Analysts note that while retail inflows have cooled, Nvidia’s role in AI innovation keeps investor optimism high.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA has become the most bought stock by retail investors in 2024,
00:06with nearly $30 billion in net inflows from everyday traders.
00:10The AI chipmaker rivaled Tesla in retail investor interest, fueled by its dominance
00:14in artificial intelligence and a meteoric stock price increase of over 180% this year.
00:20Retail investors now allocate over 10% of their portfolios to NVIDIA,
00:24nearly doubling its weight for the start of the year.
00:26Analysts note that while retail inflows have cooled,
00:29NVIDIA's role in AI innovation keeps investor optimism high.

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