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

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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

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• Top trades by global Sharesight users — November 2024
• Sharesight users' top 20 trades in US stocks for 2023