Schwab investors are showing increased interest in SoundHound AI and Tesla stock, according to the Schwab Trading Activity Index. The index reveals higher exposure to stocks in the information technology, healthcare, and consumer goods sectors. In addition to SoundHound AI and Tesla, investors are also purchasing shares of other technology stocks such as Nvidia, Apple, AMD, and Palo Alto Networks. SoundHound AI, a lesser-known AI stock, has experienced a 67% increase in shares since March. Despite a 16% decline in Tesla stock, Schwab investors continue to buy it. The Schwab Trading Activity Index is currently ranked in the 'middle' compared to historical averages. The index increased slightly to 49.05 in May from 48.87 in April. Schwab clients were net buyers of equities during the five-week period ended May 31, 2024. Clients increased their exposure to technology-linked names, especially those pertaining to artificial intelligence chipmakers. Interest in meme stocks was significantly greater among Schwab's younger clients. Popular names bought by Schwab clients included Nvidia, Advanced Micro Devices, and Microsoft. Names net sold featured Apple, Alibaba Group, Bank of America, and Exxon Mobil.