Posted 4/9/2024, 12:00:00 PM
Schwab Investors Flock to Big Tech and Speculative AI Stocks Amid Market Swings
- Schwab investors are buying tech stocks like Nvidia, Apple, AMD, and Palo Alto Networks
- They are also purchasing shares of lesser known AI stock SoundHound AI, which is up 67% since March
- Despite recent underperformance, Schwab investors continue buying Tesla stock
- Buying activity ranked "middle" compared to historical averages per Schwab's Trading Activity Index
- Other top buys include Amazon, Alphabet, Microsoft, NVDA up 275%, and SOUN highly speculative