Indian investors are going all-in on NVIDIA, with trading on Vested Finance's platform jumping nearly 400% by early November, even though NVIDIA's stock dropped after the US midterm elections.
Over the last 10 sessions, NVIDIA made up about 70% of all trades by Indians using the app, showing just how much attention it's getting right now.
Jensen Huang allegations, NVIDIA loses $430B
A lot of this buzz is tied to drama around NVIDIA's CEO, Jensen Huang, who's facing allegations linking him to a Chinese intelligence operative and a top company executive.
The news hit NVIDIA hard: a 9.51% drop wiped out $430 billion in value in just 2 days.
Vested's Founder and CEO, Viram Shah, reminded everyone that "This also highlights the importance of looking beyond individual technology stocks when investing in US markets," especially when one company dominates so much attention.