AI frenzy swept the fund market! Nvidia (NVDA.US) beat Tesla (TSLA.US) to become the most popular single-stock ETF asset.

According to the Wise Finance APP, a new player has taken the lead in the speculative field of ETF investments. Thanks to the continuous prosperity of artificial intelligence, Nvidia (NVDA.US) now dominates the ETF tracking of a company, occupying more than half of the assets of the so-called single-stock ETF, with a total amount exceeding $6 billion. Meanwhile, according to data from JPMorgan and Bloomberg Intelligence, Tesla (TSLA.US)-centered funds account for only one-fifth of all assets in the industry, down from two-thirds last year.

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