Nvidia's strong sales forecast attracts attention from retail investors

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic

(Reuters) - Nvidia Corp was the most traded stock by retail investors, J.P.Morgan data showed on Thursday, as the chip designer inched closer to a $1 trillion market capitalization following a stellar forecast.

The company's outlook indicated that Wall Street has yet to price in the game-changing potential of artificial intelligence spending.