What Stocks Were Saxo Clients Buying and Selling Last Week?

A ceasefire deal to pause the US-Iran war took the heat out of the geopolitical focus in stock markets last week and investors started to look again at areas like tech, semis and AI disruption.

Software stocks sold off last week after AI start-up Anthropic released its new Mythos model – raising fresh fears that AI could replace proprietary systems in areas such as cyber security. 

The biggest increase in activity from the prior week was in Palantir, which last week said it would phase out its use of Anthropic models as investors bet that the fast-growing AI start-up is going to eat Palantir’s lunch with its AI tools. The stock suffered its biggest weekly loss in a year but bounced Friday after a supportive message from Donald Trump. “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,” Trump posted on Truth Social. “Just ask our enemies!!!”

PLTR jumped up the leaderboard to take fifth spot in the most traded rankings with a net 72% buys showing strong client interest to lean into the recent weakness.

Meanwhile, CoreWeave made the list of most traded stocks after its shares soared on Friday following news of a cloud infrastructure deal with Anthropic.

Nvidia took its usual crown as the most traded stock but with a 45% buy ratio was not among the most popular as clients trimmed exposure to the AI darling.

Among the most popular single stocks were Apple, Nike and Berkshire Hathaway.

Elsewhere, clients were buyers of diversified equity ETFs such as the Vanguard FTSE All-World UCITS Acc ETF, and were buyers of US stocks via a range of ETFs including the iShares Core S&P 500 (Acc) UCITS ETF and Vanguard S&P 500 Acc UCITS ETF.

As far as UK listed names – clients bought the index with 76% net buys for the Vanguard FTSE 100 UCITS ETF but were net sellers of popular names such as BP, Shell and EasyJet, while Lloyds was among the most popular single stocks last week with a 71% net buy ratio.