Big Tech Ushering in 2020’s Stock Market Glitz
When the pandemic hit, investors suddenly found a new best friend: the glowing screens of tech giants. The eToro data reveals that every single one of the top ten most‑sought‑after shares this year belong to either a Silicon Valley titan or a Chinese powerhouse.
Nio’s Rocket‑Fueled Rise
Out of the universe, the electric‑car maker Nio Inc. outshone all others, captivating 17 million eToro users. Buy orders for the Chinese brand surged by a mind‑blowing 27,000 % YoY—so much so that even your grandma’s savings account would look like a splash‑page.
The Unstoppable Top Five
- Apple
- Amazon
- Microsoft
- Tesla
- —and tick‑tock, Nio are the star‑studded quintet that made 2020 a tech‑tastic year.
Why Tech Became the Household Hotline
eToro joined forces with the Centre for Economics and Business Research (Cebr) to ask 18,000 Europeans about their digital habits during the lockdown.
Key findings:
- 36 % of Brits reported boosted technology use.
- Zoom, Teams, Slack turned from occasional side‑kick to lifeline.
- Stock prices of the big tech crawl up as year‑end approaches—investors are basically saying, “Keep shining, 2021.”
And the sentiment is unmistakable: 60 % want more online banking, over 70 % would gladly power‑up their home energy remotely, while 52 % welcome virtual GP visits. Entertainment? 62 % love streaming, retail? 61 % are already eye‑rolling at clicks.
Analyst Note from Adam Vettese
“Retail investors love disruptive tech, and the pandemic pushed a lot of us into the digital realm,” Adam says. “As more people adopt tech, the boom continues—whether we’re truly timing the market or just riding the hype, the net‑gain is still impressive.”
He adds that the potential for real breakthroughs in health, energy, and finance keeps investors on their toes.
Takeaway
2020 has proven that tech isn’t just a side story—it’s the headline. Stay tuned, because this digital wave is not going to subside any time soon.
