Why Robinhood Markets Inc. (HOOD) Soared Last Week?

We recently published a list of 10 Firms Defy Market Slump, Record Double-Digit Gains Last Week. In this article, we are going to take a look at where Robinhood Markets Inc. (NASDAQ:HOOD) stands against other firms that defied the market slump and recorded double-digit gains last week.

The stock market may have taken a beating for most of the week, but it was able to recover losses on Friday, as investors gobbled up shares while weighing the impact of the US-China trade war.

Among all major indices, the tech-heavy Nasdaq registered the highest gain, up 7.29 percent, followed by the S&P 500 with 5.7 percent, and the Dow Jones by 4.95 percent.

Ten companies, predominantly in the gold and biopharmaceutical sectors, were the week’s top performers as investors sought haven from their stocks amid market uncertainties.

In this article, we have identified last week’s 10 highest gainers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

The week-on-week prices were based on the companies’ closing prices on Friday as against on April 4, or a week earlier.

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Shares of Robinhood Markets surged by 26.6 percent on Friday to finish at $43.68 versus the $34.51 closing price on April 4 as investors snapped up shares in the company amid the volatile market environment.

A volatile trading equates to higher trading activity on the market and thus would benefit HOOD whose revenue streams are closely tied to trading volume.

In recent news, HOOD said it officially made a foray into the betting market platform through integrating the predictions market hub into its application which will allow investors to trade on the outcomes of some of the world’s biggest events.

At launch, the hub will allow customers to trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments.

The prediction markets hub and corresponding contracts will initially be available across the US through KalshiEX LLC, a CFTC-regulated exchange.

Overall, HOOD ranks 8th on our list of firms that defied the market slump and recorded double-digit gains last week. While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as HOOD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.