Welcome to the November 2024 edition of Sharesight’s monthly trading snapshot for global investors, where we look at the top 20 trades made 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 in November 2024

This month’s top trades were led by NVIDIA (NASDAQ: NVDA), which saw its share price fluctuate throughout November, essentially ending the month at the same price it started at (as at the time of publishing). The top trades were followed by Tesla (NASDAQ: TSLA), with Sharesight users split between buy and sell trades amid surging share prices. Bitcoin also made it into the top 10, hitting all-time highs in the wake of the US election.

It should be noted that the assets in our trading snapshots are ordered by the number of Sharesight users trading that asset, while the size of the bars indicate the actual trade volume. So while there are more customers trading in NVDA, the volume of TSLA trades is higher, meaning that while there are fewer people trading in TSLA, they are making more trades.

Overall, it was a strong month for tech stocks, with 14 of the top 20 trades consisting of stocks belonging to the tech, EV, semiconductor and e-commerce sectors.

Let’s look at the market-moving news behind some of this month’s top stocks:

NVIDIA (NASDAQ: NVDA)

• NVIDIA share price down despite strong quarterly earnings
• Potential upside for NVIDIA stock as Musk plans to spend US$9 billion on AI chips

Tesla (NASDAQ: TSLA)

• Tesla CEO’s net worth hits record high as share price soars post-Election
• Share price jumps on news that Trump wants to relax self-driving laws

Apple (NASDAQ: AAPL)

• Apple offers to increase Indonesian investment by tenfold if iPhone ban is lifted
• Share price rises on Siri development update

Microsoft (NASDAQ: MSFT)

• Microsoft share price dips following disappointing cloud growth forecast
• CEO says company needs an ‘overhaul’ following recent security issues
• Microsoft regains status as most popular stock among hedge funds

Palantir (NYSE: PLTR)

• Palantir share price hits all-time high
• Commercial revenue grows by 54%, driven by AI adoption

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab share price skyrockets following two successful launches in under 24 hours
• Secures almost US$24 million in funding for subsidiary SolAero Technologies

Microstrategy (NASDAQ: MSTR)

• Microstrategy spends US$5.4 billion on Bitcoin as the crypto reaches all-time highs
• Microstrategy share price plummets 16% as short sellers declare company is overvalued