According to the latest statistics from financial data provider Vanda Research, Nvidia has replaced Tesla as the stock with the largest net purchases by retail investors this year, which also means that the net purchases of a single stock have exceeded the S&P 500 ETF for the second consecutive year, reflecting that investors are still chasing the bull market in technology stocks.
Compared with the traditional index fund hot representative S&P 500 ETF, Nvidia's net inflows this year have almost doubled to US$29.8 billion, which is nearly 9 times that of 2021.
"It turns out that Nvidia has somewhat stolen Tesla's limelight because of its impressive price gains," said Marco Iachini, senior vice president of Vanda.