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Chipmaker Nvidia has surpassed Tesla as the most traded stock on Wall Street, solidifying its position following its ascent to becoming the third-most valuable US company.
Nvidia's prominence in daily stock trading underscores the significance of its AI-related ventures. I Photo: EdTech Stanford University School of Medicine Flickr
This development highlights the growing importance of AI-related investments among investors, according to Noel Randewich's report for Reuters.
Nvidia's prominence in daily stock trading underscores the significance of its AI-related ventures, although heightened trading activity also raises concerns about vulnerability should the chipmaker's revenue growth fail to meet lofty expectations.
Nvidia's upcoming quarterly report is eagerly anticipated by investors, with some strategists suggesting that anything short of stellar results could potentially reverse the significant rally witnessed in the company's stock, which soared by 47% in 2024.
The average daily trading volume of Nvidia shares amounted to approximately $30 billion over the past 30 sessions, surpassing Tesla's average of $22 billion per day during the same period.
Tesla had previously dominated daily US stock trading since 2020, with turnover peaking above $35 billion on several occasions.
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