Nvidia topples Tesla as Wall Street’s most traded stock

Chipmaker Nvidia has replaced Tesla as Wall Street’s most traded stock by value.

Nvidia recently becoming the third-most valuable U.S. company, beating Google’s parent Alphabet to the seat.

Investors are riding the bull of AI-related bets but Nvidia’s outsized value in day-to-day stock trading could leave investors more vulnerable should the chipmaker’s revenue growth fail to meet investors’ high expectations.

Nvidia will make its quarterly report on Wednesday in what will be one of Wall Street’s most watched events of the week.

About $30 billion worth of Nvidia shares changed hands daily on average over the past 30 sessions, pulling ahead of Elon Musk’s electric car maker, which averaged $22 billion per day over the same period, Reuters reports.

Tesla had dominated U.S stock trading since 2020, peaking above $35 billion several times in recent years.

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