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Robinhood Expands Desktop Trading Platform to UK

Robinhood Markets, Inc. (NASDAQ:HOOD) launched its desktop trading platform in the UK on May 28. This move extends the company’s advanced trading tools to 11 million traders in the country, and comes months after Robinhood Legend was unveiled for American users in October 2024.

Source: unsplash

According to the company, the desktop platform addresses growing demand from retail investors who view trading as a wealth-building strategy rather than a hobby. Unlike web-based and mobile platforms, desktop platforms allow users to monitor multiple charts simultaneously and execute trades faster, the company said.

Jordan Sinclair, head of Robinhood UK, stated that “retail customers are a lot more engaged in the market, a lot more thoughtful about what they’re invested in, more interested in the news and movements and passionate about the names they hold.” He noted that many traders recognize trading offers a more efficient path to financial goals than traditional low-interest savings accounts.

The UK launch is part of Robinhood’s broader strategy to expand beyond its core trading business. The company launched wealth management and private banking services in March, aiming to become a more comprehensive financial services provider for customers.

Robinhood Markets Inc (NASDAQ:HOOD) is a financial technology company. It provides commission-free trading of stocks, ETFs, options, futures, and cryptocurrencies. The company also offers wealth management, credit cards, banking services, and a news platform.

While we acknowledge the potential of Robinhood (NASDAQ:HOOD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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