Value

2026

Tesla

Oracle

UAE investors shifted toward software and AI infrastructure shares in Q1 2026, according to eToro data. The press release documents which stocks saw the largest gains and how UAE holders responded to ongoing market volatility, including a notable jump in holders for ServiceNow and Adobe as their prices trended lower. It also highlights AI hardware and memory players such as Super Micro Computer, Micron, and Oracle as popular buys, and notes ongoing attention to mega-cap tech. The release frames these moves as selective conviction rather than broad risk-off behavior, with comments from eToro’s MENA MD.
<h2 id="key-points">Key points</h2>
<ul>
 <li>ServiceNow led Q1 2026 risers with a 125% increase in holders as the stock fell about 32%, while announcing partnerships with OpenAI and Anthropic.</li>
 <li>AI infrastructure names Super Micro Computer (+65%), Micron (+39%), and Oracle (+38%) also saw notable holder increases in Q1 2026.</li>
 <li>Adobe rose 54% in holders despite roughly 25% price decline and CEO leadership changes noted in the period.</li>
 <li>Micron exception: posted stock gains driven by momentum in AI memory demand and limited new supply.</li>
 <li>Top holdings snapshot: <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-NVIDIA.aspx?TargetURL=https://www.etoro.com/markets/NVDA" rel="noopener noreferrer nofollow">NVIDIA</a> remained first; <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-amazon.aspx?TargetURL=https://www.etoro.com/markets/amzn" rel="noopener noreferrer nofollow">Amazon</a> rose to second; Tesla third; <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Microsoft.aspx?TargetURL=https://www.etoro.com/markets/MSFT" rel="noopener noreferrer nofollow">Microsoft</a> fourth; Apple fifth in the rankings.</li>
</ul>
<h2 id="why-it-matters">Why it matters</h2>
These data points suggest UAE investors are selectively engaging with AI and enterprise tech, seeking long-term value amid volatility. The dip-buying pattern in software and AI infrastructure hints at confidence in AI-enabled growth, rather than a blanket risk-off stance. For readers tracking regional sentiment, the mix of mega-cap leaders and niche AI names indicates which parts of the tech value chain are drawing attention in the UAE at the start of 2026.
<h2 id="what-to-watch">What to watch</h2>
<ul>
 <li>Updated data after 31 March 2026 will show whether the tilt toward software and AI infrastructure persists.</li>
 <li>ServiceNow’s partnerships with OpenAI and Anthropic may influence investor sentiment.</li>
 <li>Watch for changes in the top held rankings (NVIDIA, Amazon, <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Tesla.aspx?TargetURL=https://www.etoro.com/markets/TSLA" rel="noopener noreferrer nofollow">Tesla</a>, Microsoft, <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-apple.aspx?TargetURL=https://www.etoro.com/markets/aapl" rel="noopener noreferrer nofollow">Apple</a>) in upcoming quarters.</li>
</ul>
Disclosure: The content below is a press release provided by the company or its PR representative. It is published for informational purposes.
<h2 id="uae-investors-hunt-value-in-ai-and-enterprise-tech-amid-market-volatility">UAE Investors Hunt Value in AI and Enterprise Tech Amid Market Volatility</h2>
Abu Dhabi, United Arab Emirates – April 15, 2026: Against a backdrop of geopolitical conflict in the Gulf and rising investments in AI, retail investors increased their exposure to software and AI infrastructure stocks whose share prices have taken a hit in the first quarter of 2026, according to the latest data from trading and investing platform, eToro.
eToro looked at which companies saw the largest proportional change in holders quarter-on-quarter (table 1) and also examined the 10 most held stocks on the platform among users based in the UAE (table 2).
Software and SaaS names featured prominently in the Q1 top risers list, suggesting UAE investors used the sector-wide sell-off to buy the dip. ServiceNow topped the list with a 125% jump in holders as its share price fell around 32% in Q1, although in the same quarter it announced partnerships with AI heavyweights OpenAI and Anthropic. Adobe ranked third (54% increase in holders) even as the stock came under pressure over concerns about its ability to defend its core software business against AI disruption. Shares were down about 25% by mid-March, along with news that the chief executive would step down, suggesting UAE investors were buying during the pullback.
AI infrastructure was another clear theme in Q1: Super Micro Computer (+65%) in second place, followed by Micron (+39%) in fifth, and Oracle (+38%) in sixth. Investors appear to have bought into a late-quarter sell-off with Super Micro Computer. The stock had traded largely sideways before tumbling 33% after US prosecutors charged the co-founder over an alleged scheme to smuggle Nvidia-powered servers to China. Oracle also fits the buy-the-dip theme. The stock has been volatile amid concerns about spending tied to its AI cloud expansion.
The standout exception was Micron, one of the few names in the group to post stock price gains over the quarter. The move was driven by stronger momentum from surging demand for AI memory chips and limited new supply.
<figure class="wp-caption alignright"><img title="George Naddaf Managing Director Mena At Etoro" src="https://www.cryptobreaking.com/wp-content/uploads/2026/04/George-Naddaf-Managing-Director-MENA-at-eToro-300x200.jpg" alt="George Naddaf Managing Director Mena At Etoro" width="300" height="200">
 <figcaption>
 George Naddaf Managing Director Mena At <a href="https://med.etoro.com/B12087_A127826_TClick_Scryptobreaking.aspx" rel="noopener noreferrer nofollow">Etoro</a>
 </figcaption>
</figure>
<blockquote>
 George Naddaf, Managing Director at eToro (MENA), said: “In Q1, UAE investors approached technology with selectivity and opportunism. Some of the companies that drew the strongest increase in holders had fallen to around 25% to 33%, suggesting investors were willing to buy into the sell-off where they still saw long-term value.”
 He added: “Despite talk about the ‘Saaspocalypse’, the idea that AI will dismantle traditional SaaS business models, UAE investors showed sustained interest in software. They are honing in on companies that they believe have a clear role in the tech value chain and potential for monetisation. While geopolitical tensions added to market volatility, the pattern in holdings suggests UAE investors were driven more by sector conviction than by a broad risk-off mindset.”
</blockquote>
Other Q1 risers spanned multiple sectors. Investors pushed e.l.f. Beauty to fourth place by increasing holdings 52%. They also drove gains in Duolingo, Gorilla Technology, Hims &amp; Hers Health, and SoFi Technologies, highlighting interest in companies across digital education, IT services, telehealth, and fintech.
Q1’s ‘top fallers’ list featured a mix of industries. Twist Bioscience Corporation led the pack with a 90% decrease in holders, followed by Okta (-49%) and CoreWeave (-47%). BioMarin Pharmaceuticals also saw a big decline, with holders down 35% QoQ.
The most widely held stocks were largely unchanged from last quarter, with only minor reshuffles in the top half. NVIDIA held onto first place, while Amazon rose to second, and <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Microsoft.aspx?TargetURL=https://www.etoro.com/markets/MSFT" rel="noopener noreferrer nofollow">Microsoft</a> to fourth. <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Tesla.aspx?TargetURL=https://www.etoro.com/markets/TSLA" rel="noopener noreferrer nofollow">Tesla</a> slipped to third and <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-apple.aspx?TargetURL=https://www.etoro.com/markets/aapl" rel="noopener noreferrer nofollow">Apple</a> to fifth, while positions six to ten remain unchanged.
<blockquote>
 Naddaf remarked: “Local investors’ selective approach to technology is further evidenced by the fact that AI and tech companies feature in both the risers and fallers lists. They appear to be making efforts to distinguish between the winners and laggards of the AI revolution.”
 Looking at the most held ranking, he added: “It suggests UAE investors are continuing to treat these names as core positions rather than short-term trades. <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-NVIDIA.aspx?TargetURL=https://www.etoro.com/markets/NVDA" rel="noopener noreferrer nofollow">NVIDIA</a> held onto the top spot, while <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-amazon.aspx?TargetURL=https://www.etoro.com/markets/amzn" rel="noopener noreferrer nofollow">Amazon</a> moved up to second and Microsoft climbed to fourth, but the ranking is largely unchanged. This points to continued conviction in mega-cap technology companies contributing to AI infrastructure and enterprise applications. In a quarter marked by uncertainty, that kind of stability points to a confidence in scale, earnings visibility, and relevance.”
</blockquote>
Table 1: Shows which stocks have seen the biggest proportional increase and decrease in holders on the eToro platform in the UAE, quarter-on-quarter.
<figure class="wp-caption alignnone"><img title="Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility" src="https://www.cryptobreaking.com/wp-content/uploads/2026/04/Table-1-eToro-15-April-2026.jpg" alt="Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility" width="862" height="514">
 <figcaption>
 Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility
 </figcaption>
</figure>
Table 2: Shows stocks most widely held by eToro users in the UAE, and their position last quarter.
<figure class="wp-caption alignnone"><img title="Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility" src="https://www.cryptobreaking.com/wp-content/uploads/2026/04/Table-2-eToro-15-April-2026.jpg" alt="Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility" width="862" height="471">
 <figcaption>
 Uae Investors Hunt Value In Ai And Enterprise Tech Amid Volatility
 </figcaption>
</figure>
Notes:
Past performance is not an indication of future results.
The tables compare data from the eToro platform on the final day of Q1 2026 with the final day of Q4 2025. The data refers to funded accounts of eToro users in the UAE.
The data in the first table shows the 10 stocks that have seen the largest proportional increases and decreases in holders on the eToro platform quarter-on-quarter (Q1 2026 vs Q4 2025).
The data in the second table shows the top 10 most-held stock positions (open positions) by investors on the eToro platform at the end of Q1 2026. As the vast majority of stocks traded on <a href="https://med.etoro.com/B12087_A127826_TClick_Scryptobreaking.aspx" rel="noopener noreferrer nofollow">eToro</a> are real assets, this data does not include positions held as CFDs.
Stock price data from <a href="https://finance.yahoo.com/markets/stocks/articles/servicenow-drops-32-date-still-163100612.html" rel="noopener noreferrer nofollow">Yahoo Finance</a>.
All data accurate as of after market close on 31 March 2026.
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UAE Investors Hunt Value in AI and Enterprise Tech Amid Volatility

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