Nvidia (NASDAQ:NVDA) has taken 2024 by storm, raking in nearly $30 billion in retail inflows, according to Vanda Research. That’s not just dominanceit’s a retail investor coup. Smashing past the SPDR S&P 500 ETF Trust (SPY) and muscling into Tesla’s (TSLA) territory as a fan favorite, Nvidia’s stock has skyrocketed over 180% this year. With its cutting-edge GPU technology fueling AI advancements across industries, Nvidia isn’t just a company; it’s the blueprint for AI’s future. Oh, and did we mention it joined the Dow Jones Industrial Average this year? It’s now the index’s shining star and the second-most valuable company in the U.S.

• Warning! GuruFocus has detected 4 Warning Signs with NVDA.

Everyday investors aren’t just buying inthey’re betting big. Retail portfolios have doubled their Nvidia exposure this year, making it the second-largest holding after Tesla. Whether it’s the company’s record-breaking AI breakthroughs or its jaw-dropping market cap nearly $3.4 trillion, Nvidia is rewriting what it means to lead in tech.

Sure, Nvidia’s stock has faced some recent hiccups, but that hasn’t dulled investor enthusiasm. Experts say this is just the beginning of a long AI cycle, with Nvidia perfectly positioned to dominate. Its role in everything from autonomous vehicles to data centers ensures its relevance for years to come. As one investor put it, Nvidia isn’t just a stockit’s a movement. Retail investors are making their play, and the message is clear: they’re all in on Nvidia’s AI-powered future.

This article first appeared on GuruFocus.