Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock, adding to its prominence after becoming the third-most valuable United States company and showing more evidence of how central AI-related bets have become to investors.
Nvidia’s outsized representation in day-to-day stock trading could leave investors more vulnerable should the chipmaker’s revenue growth fail to meet investors’ high expectations and puncture a Wall Street rally that has been fueled by euphoria about artificial intelligence.
Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia’s stock soaring forty-seven percent in 2024.
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