Nvidia dethrones Tesla as Wall Street's most traded stock
Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock by value, adding to its prominence after becoming the third-most valuable US company and showing more evidence of how central AI-related bets have become to investors. Reuters Graphics 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. The Santa Clara, California chipmaker's quarterly report late on Wednesday will be one of Wall Street's most watched events of the week. Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia's stock soaring 40% in 2024. Nvidia's stock dropped about 5% on Tuesday, reflecting investors' jitters ahead of the report. About $30 billion worth of Nvi...