UAE retail investors choose AI over Big Tech; Pharma loses momentum: Q2 Top Stocks

Table 1: Shows stocks most widely held by eToro users in the UAE and their position last quarter

Company Ranking at end of Q2 2024 Ranking at end of Q1 2024
Tesla 1 1
NVIDIA 2 5
Amazon 3 3
Apple 4 2
Nio 5 4
Microsoft 6 6
Meta 7 8
Alphabet 8 9
Alibaba 9 7
Advanced Micro Devices Inc 10 12

 

Table 2: Shows which stocks have seen the biggest proportional increase and decrease in holders on the eToro platform quarter on quarter

Biggest risers among eToro users  in the UAE Biggest fallers among eToro users in the UAE
Rank Company Increase in holders QoQ Company Decrease in holders QoQ
1 Shopify Inc.Air Liquide 139% Snapchat IncReddit -40%
2 Dell Technologies 45% ZIM Shipping Services -23%
3 Lululemon Athletica 42% PUMA -16%
4 Broadcom 33% Crocs -15%
5 Banco Santander 32% Glencore -15%
6 Super Micro Computer 31% Hasbro -14%
7 Atos SE 28% Newmont Mining -13%
8 Micron Technology 27% Delta Air Lines -13%
9 Repsol 26% NextEra Energy -13%
10 MongoDB 24% Texas Instruments -12%