AI revolution in financial markets led to top securities like NVIDIA, SPY, Tesla, QQQ, and AMD.

From Nasdaq: 2024-12-26 10:00:00

In 2024, AI continued to shape the financial markets, with top securities reflecting the AI revolution. NVIDIA led the pack with $29.8 billion in inflows, followed by SPY, Tesla, QQQ, and AMD. Themes of AI dominance and ETF investing were prevalent, signaling AI’s reign in 2024.

NVIDIA emerged as the darling of retail investors in 2024, attracting nearly $30 billion in net inflows. Its AI hardware and software solutions fueled a 180% surge in shares, solidifying its position in AI infrastructure and market leadership.

SPY, tracking the S&P 500, remained a stable choice for investors, securing $15.3 billion in net inflows. With exposure to top U.S. companies and tech giants like NVIDIA and Tesla, SPY offered a balanced investment option in a volatile market.

Tesla maintained its appeal with $14.7 billion in net inflows, blending EV leadership and AI integration. CEO Elon Musk’s support of AI and the “Trump Bump” post the 2024 election boosted investor confidence in Tesla, positioning it as a visionary tech player.

QQQ, tracking the Nasdaq-100, tied with AMD for fourth place with $9.8 billion in net inflows. With a tech-heavy focus on AI-driven market rallies, QQQ represented a safer bet for investors seeking tech sector exposure.

AMD, also drawing $9.8 billion in net inflows, positioned itself as a strong AI competitor to NVIDIA. Innovations in AI chips and gaming technologies solidified AMD’s role as a tech leader in the market.



Read more at Nasdaq: 5 Most-Bought Stocks & ETFs of 2024: AI Rules