Nvidia (NVDA) is the most common first stock trade among the youngest and smallest equity accounts on Binance. The stock took 20% of first trades, according to a Binance Research report.

The finding covers a segment that Binance labels Next Gen Users. These are Gen Z customers in emerging markets holding under $2,000 in equity assets under management.

Semiconductor Stocks Dominate the First Trade List

Micron Technology (MU) ranks second at 8%, according to the report. Tesla (TSLA), Apple (AAPL), and the Nasdaq-100 exchange-traded fund (ETF) appear further down the list.

“Across the wider equity base, the same discipline is visible at portfolio level: users allocate…