NVIDIA's AI-Powered Sales and Market Cap Surge, Making It Most Popular Stock Among Retail Investors

The recent Dell Technologies World 2024 event in Las Vegas brought together business leaders and technology experts to discuss the current prominence of AI in the news and stock market. NVIDIA's CEO, Jensen Huang, was a key figure at the event, as the company's sales have been boosted by AI and its market cap now exceeds $2.5 trillion, making it the world's third most valuable company. NVIDIA has announced a quarterly dividend boost and a 10-for-1 stock split to attract more retail investors, and is now the most popular stock among retail investors, representing 9.3% of investors' portfolios on average. The rise of AI and Blockchain technology is driving demand for powerful computing, which is linked to the growth of Bitcoin, and investors are also turning to gold due to geopolitical uncertainty and anticipation of a rate cut by the Federal Reserve.