As the US retail market making clients of UBS had a successful month in September, flows were heavily skewed towards two major stocks: Nvidia and Tesla. According to the latest data from UBS, these two companies saw a combined total of $75 million in inflows, with Nvidia experiencing the largest inflows since April volatility. This marks only the second time in September that Nvidia shares were net better to buy, highlighting the renewed confidence among retail investors in the company’s prospects.

The surge in demand for Nvidia and Tesla stocks can be attributed to several factors. For Nvidia, the recent launch of its GeForce RTX 30 series has been well-received by both gamers and investors alike, with the company’s shares rallying over 15% in just two weeks. The new lineup of graphics cards is seen as a major improvement over its predecessor, offering improved performance and power efficiency. This has led to increased interest in Nvidia’s stock, as investors anticipate continued growth in the gaming industry.

Similarly, Tesla has also seen a significant increase in demand, with shares up by over 10% in September alone. The electric vehicle (EV) maker’s recent launch of its Model Y crossover SUV has been well-received, with the company reporting strong pre-orders for the new model. Additionally, Tesla’s ongoing efforts to expand its charging network and improve its autonomous driving technology have also contributed to the renewed interest in the stock.

The acceleration of buying across gold ETFs in September is also worth noting. Gold prices surged over 3% last month, driven by concerns over the COVID-19 pandemic and geopolitical tensions. As a safe-haven asset, gold tends to perform well during times of uncertainty, making it an attractive investment option for retail investors.

Overall, the latest data from UBS highlights the renewed confidence among retail investors in Nvidia and Tesla’s prospects. With both companies continuing to innovate and expand their offerings, it’s no surprise that investors are flocking to their stocks. As always, it’s important for investors to conduct thorough research and due diligence before making any investment decisions.