Robinhood shares surged to record highs today, fueled by booming prediction markets, S&P 500 inclusion, and strong investor demand — though risks around valuation, volatility, and regulation remain in focus.
Robinhood and AppLovin shares jumped on Monday after S&P Dow Jones Indices announced they will join the S&P 500 on Sept. 22, replacing Caesars Entertainment and MarketAxess Holdings.
Robinhood Markets, Inc. (NASDAQ: HOOD) has staged a striking turnaround, evolving from a pandemic-era trading upstart into a serious contender in the financial services sector.