In this article, we’ll take a look at the top 5 Most Searched Stocks on Google. For a detailed overview of the top 20 along with insights into the stock market and search trends, read 20 Most Searched Stocks on Google.
5. Apple Inc. (NASDAQ:AAPL)
Average monthly search volume: 2,740,000
Apple (NASDAQ:AAPL)’s consistent performance, even in Q3 2023, underscores why its stock remains a favorite among investors. Despite a minor 1% dip in revenue, reaching $81.8 billion, the company showcased resilience with a 5% increase in earnings per share to $1.26. One of Apple (NASDAQ:AAPL)’s crowning achievements was the record-breaking revenue in services, attributed to its staggering 1 billion paid subscriptions. This growth, combined with robust iPhone sales in emerging markets, shows Apple (NASDAQ:AAPL)’s ability to diversify its income streams. Apple (NASDAQ:AAPL) is also the largest stock by market cap, which currently stands at $2.70 trillion.
In Q3 Earnings Call, Apple CEO Tim Cook expressed:
Today, Apple is reporting revenue of $81.8 billion for the June quarter, better than our expectations. We continued to see strong results in emerging markets, driven by robust sales of iPhone with June quarter total revenue records in India, Indonesia, Mexico, the Philippines, Poland, Saudi Arabia, Turkey and the UAE. We set June quarter records in a number of other countries as well, including France, the Netherlands and Austria. And we set an all-time revenue record in Services driven by more than $1 billion paid subscriptions. We continued to face an uneven macroeconomic environment, including nearly 4 percentage points of foreign exchange headwinds.
4. AMC Entertainment Holdings, Inc. (NYSE:AMC)
Average monthly search volume: 2,740,000
AMC Entertainment Holdings, Inc. (NYSE:AMC) became a buzz in early 2021, primarily due to its ‘meme stock’ status. By Q2 2023, AMC (NYSE:AMC)’s revenue jumped 15.6% to $1,347.9 million compared to Q2 2022. Its diluted earnings per share turned positive at $0.01, contrasting a loss of $0.12 in Q2 2022.
3. SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
Average monthly search volume: 2,740,000
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) remains dominant in the world of exchange-traded fund (ETFs). As of the close of Q1 2023, SPDR S&P 500 ETF Trust (NYSEARCA:SPY) reported net assets of approximately $371.98 billion. On an average trading day in September 2023, the daily trading volume of SPDR S&P ETF Trust (NYSEARCA:SPY) stands at around 75 million. This immense liquidity makes it an attractive option for both short-term traders and long-term investors.
2. NVIDIA Corporation (NASDAQ:NVDA)
Average monthly search volume: 3,350,000
In Q2 2023, NVIDIA (NASDAQ:NVDA) achieved a revenue of $13.51 billion, marking a substantial growth of 101% compared to the same period the previous year and an 88% increase from the preceding quarter. This growth is underscored by its Data Center segment which itself pulled in a record $10.32 billion, experiencing an impressive surge of 171% year-over-year and 141% from Q1. The Non-GAAP earnings per diluted share stood at $2.70, which is a 429% increase year-over-year. Further showcasing its financial strength, NVIDIA (NASDAQ:NVDA) repurchased 7.5 million of its shares for $3.28 billion and returned a total of $3.38 billion to its shareholders in the quarter. NVIDIA (NASDAQ:NVDA)’s current market cap stands at a staggering $1.06 trillion.
1. Tesla, Inc. (NASDAQ:TSLA)
Average monthly search volume: 9,140,000
With vehicle deliveries soaring to over 1.31 million by the end of 2022, Tesla (NASDAQ:TSLA) has shown consistent growth in the electric vehicle sector. Tesla (NASDAQ:TSLA) reported revenue of $24.9 billion for Q2 2023, with a 46% year-over-year increase. Its non-GAAP earnings per share in Q2 also witnessed a year-over-year increase of 20% at $0.91, reflecting the company’s profitability. The company’s current market capitalization stands at around $769 billion, solidifying Tesla (NASDAQ:TSLA)’s place among the elite companies globally.
In Q2 Earnings Call, Tesla CEO Elon Musk said:
In Q2 we achieved record vehicle production and deliveries, and record revenue of about $25 billion in a single quarter. And Model Y became the bestselling vehicle of any kind globally in Q1, surpassing the likes of Corolla and Golf. So, it was the number one vehicle of any kind, including vehicles that are sold at a far lower price. This is, I think, an incredible achievement by the Tesla team, and just a huge thank you to our customers for their support. And this came in spite of high interest rates and a lot of macro uncertainty. And nonetheless, we managed to achieve operating margin of about 10%. We continue to target 1.8 million vehicle deliveries this year. Although, we expect that Q3 production will be a little bit down because we’ve got summer shutdowns to — for a lot of factory upgrades.
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