Tesla shares have a dangerous competitor – Nvidia

According to Vanda Research, Nvidia shares attracted record investments of almost $30 billion in 2024. This has made them the most popular among private investors.

As of the end of December, Nvidia shares are on track to overtake the popularity of Tesla shares, which were the leaders in 2023. «Nvidia kind of stole the show from Tesla because of the impressive price increase. The results speak for themselves,» said Marco Iacini, Senior Vice President of Vanda. 

However, as previously reported, Nvidia shares fell by 2.55% on December 9 after the Chinese authorities announced the launch of an antitrust investigation into the company. 

Experts believe that Nvidia is «caught in the crossfire» of the battle for technological supremacy between the United States and China, as Washington has banned the company from selling advanced semiconductors to Chinese companies.