Nvidia Dethrones Tesla as Single-Stock ETF King With 400% Rally
Mon, Jul 8, 2024 8:28 PM

Nvidia Dethrones Tesla as Single-Stock ETF King With 400% Rally

A Flip by Shubhangi Gupta
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Nvidia Corp. has surpassed Tesla Inc. in single-stock ETFs, with over $6 billion in assets, representing more than half of all assets in the sector. Nvidia-focused ETFs have taken in $4.4 billion this year, six times more than last year, driven by the artificial-intelligence boom. Tesla-centric funds, on the other hand, have seen a decline, with only $1 billion in inflows this year.

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