Top trades by global Sharesight users in 2024
Welcome to the 2024 edition of our global trading snapshot, where we dive into this year’s top trades by Sharesight users around the world, excluding Australia and New Zealand (which we cover separately). Below we will reveal the top trades by our global userbase, highlighting some of the most popular stocks and the market-moving news behind them.
Top trades by global investors in 2024
Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).
In 2024, the top trades were strongly led by buy trades in NVIDIA (NASDAQ: NVDA), followed by Tesla (NASDAQ: TSLA). It was a strong year for tech stocks overall, with 15 of the top 20 trades consisting of stocks belonging to the tech, EV, semiconductor and e-commerce sectors. This is reflective of a broader market sentiment favouring tech stocks, especially those that stand to benefit from the rise of AI.
NVIDIA (NASDAQ: NVDA)
- January: NVIDIA share price hits record high
- February: Market cap has gained US $1.5 trillion, surpassing FAANG stocks
- March: NVIDIA leads the ‘Magnificent Seven’ stocks in 2024
- April: Shares plummet 10% as tech stocks fall out of favour with investors
- May: Share price rally exceeds US$460 billion following earnings report
- July: NVIDIA among tech companies using controversial methods to train their AI models
- August: NVIDIA share price drops despite record sales; investors concerned about slowing rate of growth
- September: NVIDIA surpasses US$3 trillion market cap once again
- October: Briefly surpasses Apple as world’s most valuable company
- November: Share price down despite strong quarterly earnings
- December: NVIDIA shares enter technical correction zone, however analysts remain bullish
Tesla (NASDAQ: TSLA)
- January: Share price drops as Tesla’s Q4 revenue and earnings miss expectations
- February: Tesla shares sink to 9-month low while rivals gain
- March: Tesla shares rise on news that US customers will receive full self-driving software trial
- April: Tesla shares sink on news of YoY sales decline
- May: Musk recruits xAI staff following US$6 billion capital raise
- July: Analysts impressed by Tesla’s latest update to its Full Self-Driving tech
- September: Tesla share price hits 2-month high with Q3 results and robotaxi event soon to come
- October: Shares rise to highest price in 13 months in post-earnings rally
- November: Share price jumps on news that Trump wants to relax self-driving laws
- December: Tesla CEO Elon Musk becomes first person to reach US$400 billion net worth
Apple (NASDAQ: AAPL)
- January: Apple shares plummet following broker downgrades linked to iPhone sales concerns
- February: Apple cancels electric car project after a decade of investment; share price rises
- March: Share price has declined over 11% in 2024
- May: Apple reports weakening global demand, iPhone sales slump
- July: Share price hits new high ahead of Apple Intelligence release for iPhones; analysts predict US$5 trillion valuation
- August: Apple announces new CFO Kevan Parekh
- October: Apple barred from selling iPhone 16 in Indonesia
- November: Apple offers to increase Indonesian investment by tenfold if iPhone ban is lifted
- December: Apple Intelligence fails to drive iPhone sales
Microsoft (NASDAQ: MSFT)
- January: Microsoft cuts 1,900 employees and hits US$3 trillion market cap
- February: Microsoft invests US$16 million in Mistral AI
- March: Appoints DeepMind co-founder as CEO of new AI unit
- April: Makes US$1.5 billion investment in UAE-based AI firm
- July: Microsoft share price drops following latest earnings report; investors concerned about slow cloud business growth
- September: Microsoft to invest US$1.3 billion in cloud and AI tech in Mexico
- October: CEO gets 63% pay increase despite allegedly requesting a reduction
- November: CEO says company needs an ‘overhaul’ following recent security issues
- December: Microsoft shareholders vote against company’s plan to invest in Bitcoin
Amazon (NASDAQ: AMZN)
- January: Analysts across the board name Amazon as one of their top stock picks of 2024
- February: Amazon profit jumps amid strong trading season and cloud computing growth
- March: Amazon completes US$4 billion investment in AI startup Anthropic
- April: Share price reaches record high; valuation on the cusp of US$2 trillion
- May: Amazon sales rise on boost from AI and advertising
- July: Amazon share price on watch ahead of Q2 earnings; analysts expect gains from eCommerce and cloud business
- August: Amazon downgraded by Wall St analysts after falling short of market expectations in Q2 results
- September: Share price declines as investors concerned over US hiring data
- October: Is Amazon spending too much on AI?
- December: Analysts name Amazon as top pick for 2025
Advanced Micro Devices (NASDAQ: AMD)
- April: AMD shares drop as interest-rate-sensitive investors reassess stock’s outlook
- August: AMD beats analysts’ expectations in Q2 sales, fuelled by record data centre revenue
- October: Teams up with Intel to combat rising competition from Arm Holdings
Meta (NASDAQ: FB)
- January: Meta spends billions on NVIDIA chips to boost AI infrastructure
- February: Meta exceeds quarterly earnings expectations
- March: Meta shares see their worst day in eight months
- April: Share price tumbles 15% after news of aggressive AI spending plans
- August: Meta share price soars following higher-than-expected profit of US$13.5 billion
- September: Meta among companies accused of ‘undermining democracy’
- December: Share price rises on news of potential TikTok ban in the US
Track your investment portfolio with Sharesight
Get access to insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you, with Sharesight you can:
- Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency
- Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
- Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis, exposure, multi-period, multi-currency valuation and future income
- Run tax reports including taxable income (dividends/distributions), Capital Gains Tax (Australia and Canada), Traders Tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)
Sign up for a FREE Sharesight account and get started tracking your investments today.
Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.
FURTHER READING
How SMSF trustees can get EOFY-ready
In this article, we discuss how Sharesight saves SMSF trustees time and money at tax time, and how trustees can get EOFY-ready with Sharesight.
Sharesight product updates – June 2025
This month's focus was on earning SOC 2 Type 1 certification, expanding exposure reporting to European markets and improving the future income report.
Record-keeping requirements for Australian investors
Find out which records the ATO requires Australian investors to keep, and how to stay on top of your investment portfolio record-keeping with Sharesight.