#XmasCryptoMiracles

This year, net investments by retail investors in Nvidia shares amounted to nearly $30 billion, CNBC reports citing data from Vanda Research.

This made Nvidia the most purchased stock among retail traders based on net purchases in the outgoing year.

Nvidia attracted almost twice as much net investment from this group compared to the SPDR S&P 500 ETF Trust, which tracks a broad benchmark of the US stock market.

The company is also on track to dethrone Tesla, the favorite stock of retail investors, which was the most purchased in 2023.

"Nvidia turned out to be the stock that kind of pulled attention away from Tesla due to impressive price growth," said Marco Iachini, senior vice president of Vanda. "The results speak for themselves."