The CEO of the world’s biggest retail trading platform says that everyday investors are doubling down on their bets despite tensions in the Middle East and other geopolitical uncertainty.
In a new interview on CNBC, Vlad Tenev says retail traders appear to be taking the recent uncertainty as an opportunity to continue buying the familiar names they had already accumulated in the past, such as Nvidia (NVDA), Tesla (TSLA), and crypto-related equities.
“I was a little bit surprised that over the weekend, when all this was happening, the markets didn’t move so much in the overnight. I don’t know if you were surprised by that, but I feel like if this had happened a year or two years ago, we would have had a huge move, but markets were flat to even a little bit up. And if we look at retail, retail has pretty much continued to buy the names that they were buying previously. So heavy in the AI space with companies like Nvidia, Tesla, electric vehicles, big in crypto and fintech-related companies.
So it’s very much long innovation. Some companies like Palantir, obviously in the defense space, continue to be retail favorites, but that was always the case, that’s been the case for many, many years. So I would interpret it as retail is sort of moving on ahead investing.”
Besides the top ten biggest stocks, Tanev also says there’s been interest in stablecoin issuer Circle (CRCL), telehealth company Hims and Hers (HIMS), and oil futures.
“There’s been a lot of interest in Circle (CRCL), I think that [Hims and Hers (HIMS)] had a big move yesterday – when you have a big move like that around news, you always have retail and institutional jumping in – so I wouldn’t say it’s just the top ten, there’s new things coming all the time, and now we have futures trading, so we did see some heightened activity around crude oil.
But the futures traders have always been trading that, so I would say, broad-based equities and crypto, it’s pretty similar to how it was last week. High volumes, but no huge shifts as a result of the conflict.”
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The post Robinhood CEO Vlad Tanev Says Retail Investors Unfazed by Middle East Tensions, Still Heavy in AI, Crypto, Fintech and More appeared first on The Daily Hodl.
This articles is written by : Fady Askharoun Samy Askharoun
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