Nvidia has overtaken Tesla as the most popular foreign stock among South Korean investors, with a combined holding of $11.07 billion in Nvidia stocks, surpassing the $10.67 billion in Tesla shares. Despite this, Tesla saw higher net purchases over the past five months, with domestic investors placing buy orders worth $1.18 billion in Tesla compared to $516 million in Nvidia. The shift in popularity can be attributed to Tesla's decreased demand for electric vehicles and a 30 percent drop in its stock price, while Nvidia has experienced significant growth, with its market capitalization reaching $2.8 trillion and cementing its position as the third-largest company in the world by market capitalization. Nvidia's surge in valuation, including a 240 percent increase last year and an additional 130 percent this year, has led to the company reaching a new all-time high stock price of $1,148. This growth was further fueled by a stock split announcement and a remarkable 262 percent year-on-year revenue rise in the first quarter. As a result, Nvidia's market capitalization surpassed Amazon's and solidified its position behind Microsoft and Apple. In contrast, Tesla dropped out of the top 10 in March and is currently ranked 14th.