eToro sees rising interest in healthcare and AI stocks
UnitedHealth holders on eToro surge 148%
Retail investors on eToro, the global trading and investment platform, took advantage of Q2 market volatility by actively accumulating shares in healthcare and artificial intelligence companies. According to the latest data, UnitedHealth and Lululemon emerged as investor favorites.
eToro’s report revealed that the number of UnitedHealth shareholders on the platform rose by an impressive 148%, despite a 42% plunge in its stock price. The company faced a series of setbacks—from the CEO’s resignation and a downgraded 2025 earnings forecast to legal battles over alleged Medicare fraud. Nevertheless, investors saw the dip as a buying opportunity in the largest U.S. health insurer.
Lululemon ranked second among the fastest-growing stocks, gaining 43% in investor count. The brand’s shares dropped 19% in Q2 amid concerns over U.S. tariffs on Asian imports and weakening consumer demand. In June, Lululemon cut its full-year profit forecast, triggering a broad sell-off. However, investors remained confident in the company’s long-term potential.
Growing interest in healthcare and alternative AI players
Lale Akoner, Global Market Analyst at eToro, commented:
“Rather than shying away from massive price drawdowns, traders saw value in stocks like UnitedHealth and Lululemon. UnitedHealth remains the leading player in U.S. health insurance, while Lululemon reflects investors’ confidence that luxury demand can return. April 2025 will go down in history as one of the biggest ‘sales’ in the stock market ever—and those who had the conviction to buy and hold then are likely reaping rewards now.”
Other notable healthcare gainers included Thermo Fisher Scientific (+39%), Hims & Hers Health (+32%), and Novo Nordisk (+21%), despite price drops. Novo Nordisk, for instance, fell after terminating its partnership with Hims & Hers and amid rising doubts over the efficacy of its weight-loss drugs.
At the same time, eToro retail investors diversified their AI exposure, steering clear of global tech giants heavily exposed to trade risks. Nvidia-backed Applied Digital saw a 42% rise in holders after it signed a 15-year contract with CoreWeave. Bigbear.ai, a provider of AI for government defense projects, gained 39%.
Profit-taking, strategic adjustments, and investor maturity
Take Two Interactive also drew investor attention (+30%) amid heightened anticipation for the delayed release of GTA 6.
Akoner noted that healthcare stocks have lagged behind broader markets for years, and investors are now betting on a reversal. At the same time, emerging AI companies are offering growth potential with limited exposure to global trade uncertainties.
Despite the overall buying trend, some investors also locked in profits. TransMedics (-55%), Itaú Unibanco (-26%), and Zscaler (-18%) led the list of stocks with the largest drop in holder numbers.
eToro’s top 10 most held stocks remained largely unchanged, with Nvidia, Tesla, and Amazon maintaining their leading positions. Alphabet and Nio merely swapped places, now ranking sixth and seventh, respectively.
In conclusion, Akoner emphasized:
“It’s encouraging to see that retail investors aren’t just buying the dip—they’re also selling at the right time to secure their gains.”
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