Robinhood Rallies, Palantir Surges: Reddit’s Top Stock Picks in May

June 3, 8:44 am

Reddit has become a powerful force in the stock market. What was once a fringe forum for retail traders has now evolved into a major source of stock buzz, often driving huge volumes and sudden price movements. When thousands of investors start talking about a company, it tends to get noticed – and not just by fellow Redditors. Institutional investors, analysts, and financial media also pay close attention.

At AltIndex, we believe Reddit discussions are more than just noise – they’re a leading indicator. By tracking Reddit mentions and analyzing the sentiment behind them, we can often detect shifts in investor interest before they show up in the stock price. That's why we provide Reddit insights and sentiment scores for thousands of stocks, as well as alerts when a stock goes viral on Reddit.

Here’s a look at the top 10 most mentioned stocks on Reddit in May and a deeper dive into a few key names that drove the conversation.

Top 10 Most Mentioned Stocks on Reddit in May

Company		Mentions	Sentiment	Price	AI Score
	Tesla TSLA	17,432 46.9%	Bearish	$303.10 8%	38
	GameStop GME	16,246 25.5%	Bullish	$30.04 9.5%	45
	NVIDIA NVDA	12,766 8.7%	Bullish	$141.43 26.7%	54
	UnitedHealth UNH	12,309 1365.4%	Bullish	$298.36 25.5%	59
	Google GOOG	11,653 74.7%	Bullish	$171.74 5.5%	58
	Apple AAPL	6,522 10.2%	Bullish	$202.74 4.8%	46
	Walmart WMT	5,110 76%	Neutral	$98.18 1%	54
	Palantir PLTR	4,307 110.6%	Bullish	$121.96 5%	50
	Amazon AMZN	4,205 33.8%	Bullish	$210.61 10.7%	45
	Robinhood HOOD	3,553 22.4%	Bullish	$73.61 57.9%	51

Robinhood: A Breakout Month After a Strong Earnings Report

Robinhood ($HOOD) was one of the biggest winners in May, both in stock performance and investor sentiment. The stock soared 55% over the month after the company reported a 26% year-over-year revenue increase, fueled by rising crypto and options trading volumes. Reddit users responded positively, with a surge in bullish comments and renewed interest in Robinhood as a comeback story.

To further boost investor confidence, Robinhood expanded its share repurchase program to $1.5 billion. That move signaled the company’s confidence in its long-term trajectory and added fuel to the online chatter.

Palantir: The “Messi of AI” Makes Headlines

Palantir ($PLTR) saw Reddit mentions more than double in May, as investors reacted to a mix of strong earnings and new AI contracts. The company landed a key deal with NATO to provide its Maven Smart System, boosting its credentials as a defense-focused AI leader. At the same time, analysts and Reddit traders alike dubbed Palantir the “Messi of AI,” citing its potential to dominate the enterprise AI landscape in 2025 and beyond.

The bullish sentiment matched the stock’s performance, which climbed 7% in May. The growing Reddit momentum suggests continued interest in Palantir’s role in the AI arms race.

Tesla: Strong Stock, Weak Sentiment

Tesla ($TSLA) remained the most mentioned stock on Reddit, despite a 47% drop in mentions compared to April. Interestingly, sentiment was bearish even as the stock gained 9%. Some of the discussion centered around ongoing protests against Elon Musk’s political influence, particularly the so-called “Tesla Takedown” movement. Still, the price action showed investors are far from giving up on the EV giant.

Why Reddit Mentions Matter

Tracking Reddit discussions isn't just about spotting memes or hype. It's about understanding where retail investor attention is going — and where capital might follow. Stocks with sudden spikes in Reddit mentions often experience increased trading volume and price volatility. Positive sentiment can turn into buying pressure, while negative sentiment may foreshadow selloffs.

At AltIndex, we make it easy to stay on top of Reddit stock trends. We track daily mentions and sentiment for thousands of stocks, providing real-time dashboards and alerts when a company goes viral. Whether you're looking for a momentum play, a short squeeze candidate, or an early sign of trouble, Reddit data is a powerful tool — and we bring it to your fingertips.

For more insights, check our Reddit stock alerts or Trending Reddit Stocks.

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