Amongst the most held stocks, Q2 saw a significant shift in the rankings, with NVIDIA rising to become the second-most popular stock on the eToro platform, behind only Tesla. The AI market leader ranked fifth at the end of Q1 and ninth three months earlier, and has continued to attract new users fuelled by another 37% surge in its share price over the latest quarterly period. Semiconductor company Advanced Micro Devices – AMD (+29%) also saw significant growth in users, as did Intel (+21%), which recently unveiled new AI chips in a bid to reclaim market share from NVIDIA and AMD. In addition, Palantir Technologies and Taiwan Semiconductor Manufacturing Company rose by 16% to feature among the top 10.
On the other hand, global technology companies such as Snapchat (-11%), Adobe (-16%), Netflix (-5%), and Apple (-5%) witnessed a decline in investor interest with workforce reductions reported across the sector.
