Top US Stocks Held by Korean Investors: Tesla, NVIDIA, and Apple

According to data from the Korea Securities Depository, Tesla, NVIDIA, and Apple are the most popular US stocks held by Korean investors as of September 11. These stocks are continuing to grow in the global market based on their innovative technologies and strong brand power, and are receiving steady attention from Korean investors.

Source: Korea Deposit Insurance Corporation

NVIDIA has once again been in the spotlight, especially after its stock price soared following recent comments from CEO Jensen Huang. Huang raised investor expectations by presenting a positive outlook on the company’s AI technology and the future vision of the semiconductor industry. This has further strengthened NVIDIA’s leading position in the AI and data center markets.

Apple has also recently released the iPhone 16, drawing attention from not only global investors but also Korean investors. The iPhone 16 has been well-received for its upgraded camera features, innovative chipset, and longer battery life, which has also had a positive effect on Apple’s stock price.

Tesla continues to be loved by Korean investors based on its overwhelming market share in the electric vehicle market. With Elon Musk’s challenging leadership and innovative business model, Tesla is positioned as a key company in the future mobility industry, including autonomous driving and battery technology. Recently, it is once again receiving attention as it is about to announce the Cybertruck and new battery technology.

Tesla (NASDAQ: TSLA)

Tesla is an electric vehicle and clean energy company led by Elon Musk, founded in 2003. Tesla is a leader in the electric vehicle market, and is also focusing heavily on autonomous driving technology, battery innovation, and energy storage solutions.

Recently, Tesla (TSLA) stock price has fallen -15.29% over the past year and is trading at $229.81 as of the closing price on September 12. The stock showed a strong upward trend with the stock price more than doubling in 2023, but it is continuing a somewhat sluggish trend in 2024.

Source: InvestingPro

Fair value of Investing Pro: The investment model target price is $214.72 and the analyst target price is $207.90, which is slightly lower than the current price of $229.81.

Source: InvestingPro

NVIDIA (NASDAQ: NVDA)

NVIDIA is an American semiconductor and technology company founded in 1993 by Jensen Huang and others. NVIDIA is a company that primarily designs and manufactures graphics processing units (GPUs), and although it was initially used primarily in the video game industry, it now plays an important role in various technology fields such as artificial intelligence (AI), data centers, self-driving cars, and healthcare. Beyond the semiconductor market, NVIDIA is leading various innovative technologies such as AI, autonomous driving, and cloud computing.

Nvidia shares rose 8% after CEO Jensen Huang said at the Goldman Sachs technology conference that demand for its AI chips was “very strong,” and that “all of them are sold out.” Nvidia shares are up 162.01% over the past year and are currently trading at $119.14.

Source: InvestingPro

Investing Pro’s fair value: The market analyst target is $149.62, which is higher than the current market price, but in the case of the investment model, the target is $105.25, so we can see that there is a downside potential of 11.7%.

Source: InvestingPro

Apple (NASDAQ: AAPL)

Apple Inc. is an American multinational technology company founded in 1976 by Steve Jobs and others, and is one of the most influential and valuable companies in the world. Apple has built a strong brand power and customer loyalty in the technology industry through design, user experience, security, and unique marketing strategies. Apple has achieved continuous growth in the global market, and as of the end of 2023, its market capitalization exceeded $2.5 trillion.

Since the announcement of the iPhone 16, there have been mixed reactions in the market, but Apple’s continued high sales and profits are being evaluated positively. In particular, the introduction of AI-related functions is expected to play an important role in future growth, and Apple’s service sector is also considered one of the company’s key driving forces due to its high profit margin.

Apple’s stock price has increased 28.53% over the past year and is currently trading at $222.77.

Source: InvestingPro

Investing Pro’s fair value: The analyst target is $237.99, which is slightly higher than the current price of $222.77, but it should be noted that investment models are expecting a drop of a whopping 19.5% to $179.25.

Source: InvestingPro

Tesla, NVIDIA, and Apple are all companies with long-term growth potential based on strong technological foundations and innovative leadership. However, the investment outlook related to the current stock price is somewhat mixed. Investors should carefully consider each company’s financial status and market conditions when making investment decisions, and it is essential to evaluate whether it is suitable for investment purposes from a long-term perspective.