AI, crypto and tech stocks lead Robinhood U.K. trading in June

Investing.com -- AI-related stocks topped trading activity on Robinhood U.K. in June, led by Nvidia (NASDAQ:NVDA), CoreWeave and Applied Digital, according to the platform’s monthly report.

Nvidia became the world’s most valuable company during the month, overtaking Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). 

The chipmaker’s stock remained active on Robinhood UK despite reports of potential chip export restrictions.

CoreWeave, a cloud computing firm focused on AI infrastructure, was also among the most traded. 

The company, which is not profitable, projected 2025 revenue of $5 billion, above analyst expectations of $4.65 billion.

Applied Digital announced a 15-year lease agreement with CoreWeave worth $7 billion. 

Under the deal, Applied Digital will provide data services for AI and high-performance computing.

Palantir (NASDAQ:PLTR) remained in focus following a $100 million agreement with a company called Nuclear Company to co-develop software for nuclear reactor construction using AI systems.

Health-tech companies Tempus AI and Hims & Hers Health also appeared in the top 10. 

Tempus AI launched a tool designed to monitor immunotherapy response among cancer patients using AI. 

The company also drew attention for possible “AI-washing,” following claims it had overstated its AI capabilities.

Hims & Hers Health saw increased trading after its partnership with Novo Nordisk (NYSE:NVO) ended. 

The Danish pharmaceutical company reportedly objected to Hims stocking other GLP-1 weight-loss drugs alongside its product, Wegovy.

Tesla (NASDAQ:TSLA) made the list following the public debut of its Model Y vehicle. CEO Elon Musk described the car’s capabilities as “FULLY autonomous” in a post on X. 

In China, the company continued to face competition, including from electronics firm Xiaomi (OTC:XIACF), which entered the EV market.

Coinbase (NASDAQ:COIN) was actively traded after announcing plans to expand into crypto futures contracts. Bitcoin prices fluctuated throughout June and ended largely unchanged.

Apple remained on the list despite limited movement in its share price. Reports of possible new tariffs contributed to a flat performance. 

Speculation also surfaced over a potential acquisition of AI firm Perplexity AI, though no deal had been confirmed. Other stocks on Robinhood UK’s top 10 list included Robinhood Markets (NASDAQ:HOOD) and Palantir.

“Investors kept their appetite for AI, crypto and tech in general over the past month, with some new names joining stalwart popular stocks on Robinhood UK,” Dan Lane, lead analyst at Robinhood UK, said in a note.