Investing.com -- In a month where investors in the U.K. continued to show strong appetite for technology and innovation-focused companies, Robinhood U.K. users once again leaned heavily into tech names like NVIDIA, Tesla, and Palantir (NASDAQ:PLTR), with lead analyst Dan Lane attributing the surge in demand to persistent enthusiasm around artificial intelligence and cryptocurrency.

NVIDIA Corporation (NASDAQ:NVDA), the chip giant, was the most purchased stock, despite a tumultuous month due to U.S.-China trade tensions and increased scrutiny from Washington. Investors are hopeful that NVIDIA can navigate these challenges through the development of new products, as it did with the H20 chip in 2022.

Tesla Inc’s (NASDAQ:TSLA) shares also saw significant activity, despite a 20% drop in automotive revenue and a 71% decrease in earnings per share. Investors remained supportive of CEO Elon Musk as he announced his decision to step down from his U.S. government role to refocus on the company. The forthcoming Model Y and Musk’s return to the helm are expected to address the company’s challenges, which include a tarnished brand image, growing competition from Chinese EV maker BYD (SZ:002594), and disappointing Q1 earnings.

Palantir Technologies Inc’s (ETR:PTXG) shares experienced a surge in April after the announcement that NATO would utilize its AI system for defense operations. Despite concerns over the company’s valuation, Robinhood U.K. investors continue to back the firm, encouraged by a 54% increase in U.S. commercial revenue and a 30% rise in government sales in 2024.

Meta Platforms Inc (NASDAQ:META), despite a down trend since February and a €200m fine from the EU, ended the month on a better note. Robinhood U.K. investors remained interested, likely due to the company’s substantial investments in AI, which it anticipates will enhance advertising revenues and user engagement.

Cryptocurrency’s resurgence lifted both MicroStrategy Incorporated (NASDAQ:MSTR) and Coinbase Global Inc (NASDAQ:COIN), keeping them among the top picks. Near the end of April, MicroStrategy invested an additional $1.4bn in 15,355 BTC.

Robinhood Markets Inc (NASDAQ:HOOD), the trading platform itself, also made it into the top 10 list.

Tempus AI Inc (NASDAQ:TEM) also witnessed a boost in stock purchases towards the end of the month, following new partnerships with AstraZeneca (LON:AZN) and Pathos AI. Despite recent volatility, investors are optimistic about the telehealth firm’s Q1 results due in early May.

Super Micro Computer (NASDAQ:SMCI) had a steadier April, despite being well below its February high. Despite past accounting irregularities leading to the resignation of its auditor, Robinhood U.K. investors remain hopeful for a sustained increase in its shares.

Alibaba (NYSE:BABA) Group Holding Ltd (BCBA:BABAm)showed signs of recovery later in April after initial setbacks due to the threat of US tariffs. Investors were likely encouraged by the company’s commitment to AI-driven growth, strong Q3 earnings, and overall positive performance in 2025.

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