Nvidia has taken Tesla's crown as the top foreign stock pick for South Korean investors, surpassing Tesla in value held and performance, with South Korean investors holding $11.07 billion worth of Nvidia stocks compared to $10.67 billion in TSLA stocks.
Despite Nvidia surpassing Tesla in value held, Tesla still leads in net purchases with South Korean investors making buy orders worth $1.18 billion in TSLA versus $516 million in Nvidia over the last five months.
Nvidia's stock surge followed Elon Musk's announcement of xAI taking over Open AI, with xAI raising $6 billion in a funding round for product launches, infrastructure, and research & development, hinting at potential growth for Nvidia.
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