News Formal

Gen Z investors are ditching meme stocks for the metaverse

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Ireland News News

Youngsters are shifting their focus to electric vehicle start-ups and NFT companies

Enthusiasm around meme stocks has eased for young investors a year on from the GameStop trading frenzy, with Gen Z’s attention shifting to companies in areas such as electric vehicles and the metaverse, according to a new report.

The top stock holding among the Gen Z cohort — people born after 1996 — in the fourth quarter was Tesla, according to the quarterly investor outlook from Apex Fintech Solutions, which provides custody and clearing services for brokers like SoFi, Stash, WeBull and Goldman Sachs Group’s Marcus...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart is the next big company with metaverse plans – and its own cryptocurrencyThe big-box American retailer filed trademark applications in late December to create its own cryptocurrency and NFTs.
Source: BISouthAfrica - 🏆 34. / 51 Read more »