Users of the Robinhood trading app have upped their holdings in AMD, following the company's announcement that its processing chips have finally taken the performance crown from arch-rival Intel. Robinhood, which offers fee-free trading , is popular with younger investors with the average account holder aging 32.

The number of accounts holding AMD leapt by 4% over the last week, rising to 166,000. AMD is the ninth-most-popular stock on the platform while Intel lags in the 39th spot. Fellow chipmaker Nvidia is in the 25th spot with 101,000 users.

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"This announcement represents the first time AMD has taken the desktop CPU process-technology and performance lead from Intel in its 50-year history," said Stifel analyst Kevin Cassidy.

Su said the project is expected to boost the chip giant's competitiveness in important areas.

"High performance computing and AI are very important for AMD from a strategic standpoint," Su told Business Insider . "This is the largest supercomputing deal we've had."

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Robinhood accounts users appear to be keeping the faith in the electric vehicle maker. The number of accounts holding Tesla has risen by more than 10% in May alone. Tesla is now held in 161,000 accounts, securing its spot in the top 10 most widely held stocks.

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