Nvidia Dominates Retail Investor Ownership Rates
Nvidia Corporation (NASDAQ:NVDA) is one of the most popular stocks among retail investors, and its upcoming second-quarter financial results are highly anticipated. According to a poll conducted by Benzinga on their 'PreMarket Playbook' episode, 45% of viewers have owned Nvidia stock in the past but no longer do, while 39% currently own shares.
The poll showed that a total of 84% of viewers have owned Nvidia stock at some point. This is significantly higher than the ownership rates for Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL), with 73% and 64%, respectively, having owned Tesla and Apple stocks.
Nvidia's popularity among retail investors may be due in part to its strong financial performance over the past few years. The company has been the top-performing public company in the S&P 500 based on 10-year, 15-year, and 20-year returns, according to Benzinga.