Indians Lead Global Buying: Nvidia and Alphabet Top US Stock Picks in Q2

Nvidia Corporation, the chip giant recently to have crossed a $4 trillion market capitalisation threshold, led the list of most-traded US stocks among Indians in the April–June quarter (Q2 2025), Vested Finance's latest Global Investing Behaviour Report finds.

The report showed that Nvidia led trading activity, with 6.4% of total buy volumes and an impressive 8.3% of sell volumes on the Vested platform. This indicates a twin trend of sustained buying interest as well as profit-taking by retail investors.

Concurrently, Alphabet Inc., which is the parent of Google, saw the largest net inflows for the quarter. The stock also saw its unique Indian investors surge 113% during the period, which is indicative of increased confidence in large-cap tech as global markets shift.

Other high-growing, innovation-driven firms like Tesla, Advanced Micro Devices (AMD), and Apple also attracted significant attention. Language-learning platform Duolingo witnessed a remarkable 2,255% growth in its investor community, while healthcare giants UnitedHealth Group and Novo Nordisk had their Indian investor numbers rise by more than 500%.

The report added that Indian retail investors responded positively to global market volatility—including US tariff disruptions and S&P 500 fluctuations—by making their international exposure. Buy volumes on Vested's platform increased by 20.47% QoQ, while assets under management (AUM) grew a whopping 35.4% QoQ and 140% YoY.

Exchange-traded funds (ETFs) picked up considerable momentum in the period. Investors diversified through popular funds like:

Invesco NASDAQ 100 ETF (QQQM) – investor base up 131%
iShares Semiconductor ETF (SOXX) – investor base up 101%
Vanguard S&P 500 ETF (VOO) – investor base up 47%

Smaller-cap ETFs, in turn, experienced growth that was astronomical. The iShares Russell 2000 ETF (IWM) experienced a 622% increase in investor engagement, and the iShares Core S&P Small-Cap ETF (IJR) increased by 222%.

The report indicated towards growing favor for geographic diversification as well. While the US dollar came under pressure and monetary policies of the world started diverging, Indian investors started looking outside North America, seeking equity opportunities in economies like Europe, China, and Brazil using ETFs.

Specifically, Vested Finance noted that Q2 was not defined by reactive investing. Rather, it represented a time of reflective re-entry into international markets. Investors were building conviction-driven portfolios, aimed at sectors such as artificial intelligence, healthcare, semiconductors, and small-caps, instead of merely responding to short-term news cycles.