2 weeks ago

Nvidia tops Indian investors' US picks; SpaceX, Micron rise

Nvidia tops Indian investors' US picks; SpaceX, Micron rise
Nvidia Most Bought US Stock Among Indian Investors; SpaceX Gains Strong Interest After Listing · freepressjournal.in

People in India can buy tiny pieces of American companies, like Nvidia, which makes computer chips.

Two apps that help them do this are called Appreciate and Vested Finance.

These apps looked at what Indian people are buying and found that Nvidia is the most popular US stock.

A company called SpaceX, which builds rockets, became very popular very quickly after it started selling shares in June.

But people keep their SpaceX orders small, so it is more like a little extra bet than a main investment.

Lately, investors are buying more memory chips, like those from Micron and SanDisk, instead of just AI chips.

Micron even became the number one stock on one of the apps.

The apps also say it is good to spread your money around the world, not just in India.

They suggest different amounts, like 35-40% or 10-30%, depending on your goals and needs.

Key facts

Most-bought US stock
Nvidia
Nvidia share of Appreciate top-10 buy orders
About one-fifth (1.6x the second-ranked stock)
SpaceX listing date
June 12
SpaceX share of Vested trading since listing
3.8%
SpaceX buy-to-sell ratio
2.41:1
Memory/storage share of Vested volume
About 18%
Appreciate recommended global allocation
35-40%
Vested recommended global allocation
10-15% (starters), 20-30% (experienced)

Quotes

Shlok Srivastav

Co-founder & COO of Appreciate, a brokerage platform

“SpaceX is ranked fifth, behind Alphabet, a broad S&P 500 index fund, SanDisk and Micron — with the average SpaceX order running at roughly a quarter the size of the average Alphabet order. In other words, SpaceX is being treated less like a core holding and more like a small satellite position in an otherwise diversified portfolio.”
financialexpress.com freepressjournal.in
“Micron has overtaken Nvidia as the number one name on its platform since June, and SanDisk — absent from its top ten last year — has now broken in. Memory and storage together make up roughly 18% of all stock volume on the platform.”
financialexpress.com

Financial Express Editorial Team

Publisher’s disclaimer

“The article is based on trading and platform data shared by Appreciate and Vested Finance and reflects their respective assessments of Indian investor behaviour in US markets.”
financialexpress.com

Sources

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