The UK arm of US low-cost broker Robinhood has released the top stocks traded by its clients in May.
The data highlights ongoing interest in the world’s leading technology shares, with Nvidia topping the list and companies such as Tesla and Palantir claiming a spot.
Robinhood UK’s top ten stocks traded in May:
- NVIDIA (NVDA)
- Tesla (TSLA)
- Hims & Hers Health (HIMS)
- Strategy (MSTR)
- Super Micro Computer (SMCI)
- Robinhood (HOOD)
- Coinbase (COIN)
- Palantir (PLTR)
- CoreWeave (CRWV)
- Apple (AAPL)
“The tech-dominant team sheet got a few new names in May’s buy list. AI and crypto were still the leading themes behind the top 10 stock buys last month on Robinhood UK, but the mix looks a bit different with Palantir dropping down the ranks, Tempus AI dropping out, and Apple sneaking into the party,” said Dan Lane, Lead Analyst at Robinhood UK.
“Strong Q1 earnings and continued demand for AI chips boosted NVIDIA’s stock through May. The month wasn’t without its challenges though and US export restrictions prompted the company to write down its inventory by $5.5bn. Still, a $40bn deal with Oracle to supply NVIDIA chips for a giant US data centre in Texas, as part of the Stargate AI project, kept investors on board.
“Tesla stock picked up at the end of April and powered through May, even with European sales suffering. April marked the fourth consecutive month of declining sales in the region, down by 49% year on year, with EV fans opting for cheaper brands. But, it’s the robotaxi rollout investors are clearly more interested in – the market will be on the lookout for the new Model Y this summer too.”