Investing.com — Tesla topped the list of the most-traded stocks on the Robinhood (NASDAQ:HOOD) UK platform in July, according to data from the broker, released on Friday.
The top 10 also included Robinhood, Strategy, Palantir (NASDAQ:PLTR), Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), NVIDIA (NASDAQ:NVDA), Quantumscape, Oscar Health and Coinbase (NASDAQ:COIN).
“The US tariff story didn’t stand in the way of a taste for AI, crypto and tech in general in July,” said Dan Lane, Lead Analyst at Robinhood UK.
Despite a 12% year-on-year revenue drop and a warning from Elon Musk of a “rough few quarters” ahead, Tesla (NASDAQ:TSLA) remained the most popular stock.
Meanwhile, Alphabet exceeded earnings estimates and increased capital spending, while Apple faced pressure in China but saw shares rise.
NVIDIA’s market cap surged past $4 trillion, boosted by renewed AI optimism and the U.S. government’s reversal of chip export restrictions.
“The taste for AI is back,” Lane said, noting Palantir also hit all-time highs after securing a $100 million U.S. government contract.
Strategy, formerly MicroStrategy, rose into the top three after accumulating over 600,000 Bitcoin, reinforcing its status as the largest corporate holder globally.
Coinbase also remained in the top 10 amid progress on crypto regulation and new product announcements.
Newcomers Oscar Health and Quantumscape rounded out the list. Lane noted that OSCR forecast a $228 million Q2 loss, while QS retreated following weak earnings despite earlier momentum from a Volkswagen (ETR:VOWG_p) partnership.
The rankings were based on the total value of buy trades in stocks with a minimum average market cap of $1 billion throughout July.
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