March 14, 2023 (Investorideas.com Newswire) A new study has revealed that Tesla is the most popular S&P 500 stock, according to Google search data.
The study, conducted by the experts at Trading Browser, analysed Google Keyword data to establish the search volume for each S&P 500 stock in each UK area to determine which is the most popular.
According to the results, the five most Googled S&P 500 stocks in Cardiff are:
Electric car manufacturer Tesla is named the most Googled S&P 500 stock in Aberdeen. Tesla stock is searched for 2,400 times a month on average by Aberdeen residents. Recognised not only for its various electric products but the company’s outlandish CEO Elon Musk, Tesla has rapidly become one of the world’s most valuable companies. As of March 2023, Tesla has a market cap of $621.77 billion which is the seventh highest in the world.
Advanced Micro Devices (AMD)
Advanced Micro Devices is a technology company that specialises in developing computer processors. AMD stock is searched for 390 times a month on average by Aberdeen residents. In 2022, the company’s revenue amounted to $23.6 billion which was an increase of 44% from 2021. It was the fifth most Googled S&P 500 stock in Aberdeen.
NVIDIA ranked as the third most Googled S&P 500 stock in Aberdeen. NVDA stock is searched for 640 times a month on average by Aberdeen residents. The company manufactures high-end graphics units for PCs and game consoles. As of 2023, NVIDIA has just over 26,000 employees worldwide.
Formerly known as Facebook, Meta is Aberdeen’s fourth most Googled S&P 500 stock. META stock is searched for 460 times a month on average by Aberdeen residents. CEO Mark Zuckerberg recently announced a paid monthly subscription to give Facebook and Instagram users a blue verification tick. Meta’s annual revenue for 2022 was $116.6 billion, which was a 1.12% decline from 2021.
General Electric (GE)
Famously founded by Thomas Edison and J.P Morgan along with three others more than 130 years ago, General Electric now has a market cap of $92.2 billion.
A spokesperson for Trading Browser said: “More and more people are becoming interested in stocks, shares and investing in general. With so much information out there, especially on social media, it has become easier than ever to conduct research on the market.
“It’s no surprise to see Tesla top the rankings when it comes to the volume of Google searches. With Elon Musk at the helm, there are always new developments to be aware of before and after investing.
“With companies like these, where the CEO or founder has some sort of celebrity status, it is not uncommon for stocks to fluctuate in response to their actions.
“It’s also no surprise to see some of the biggest tech, manufacturing and oil giants amongst the top spots, as all of these industries are constantly undergoing change both socially and economically.”
For each major city in the UK, Google keywords search volume was acquired for each ticker symbol in the S&P 500.
Terms were suffixed with each of the search terms listed (TSLA Price, TSLA premarket etc). These search volumes were then aggregated by their respective stocks, and the top 5 stocks for each city were determined.
credit to tradingbrowser.com.
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