New York, May 29, 2026, 10:08 (EDT)
- Robinhood shares climbed 3.9% to $88.14 in regular trading, ahead of other brokerage and crypto stocks.
- Trump Accounts debuted recently, and Robinhood has started up its AI-agent trading and card tools.
- Main risk is that the new products are still early, they’re regulated, and there are ongoing execution issues, as well as exposure to crypto weakness and possible AI trading losses.
Robinhood Markets shares climbed early Friday, tacking on gains after a recent run as the company caught attention for government-supported child investment accounts and new AI-powered trading tools.
The stock traded at $88.14, up 3.9%. It opened at $85.81 and hit a session high of $89.015, market data showed. Latest figures put volume near 8.8 million shares.
Timing is in focus. Over roughly two days, Robinhood managed to steer the market’s eye off a tough first-quarter crypto pullback and toward two growth ideas: a Treasury-tied app meant to reach families, plus AI-agent tools aimed at its core of active, tech-heavy users.
Trump Accounts app now available across the U.S., the Treasury said Thursday. The app is on big app stores and will start taking contributions July 4. Kids who qualify get a $1,000 Treasury contribution. “Tax-advantaged” here means taxes are put off or lowered based on account rules. U.S. Department of the Treasury
Robinhood said kids born from 2025 to 2028 can get a $1,000 starter deposit. Friends, family, and employers can pitch in up to $5,000 per year. Contributions will go automatically into a low-cost index fund, the company said. The fund will track a broad market benchmark, not individual picks.
Robinhood is letting customers set up accounts just for AI agents that can handle stock trades for them, the company said. These agents, which are software helpers that do tasks with little input, will first be able to trade equities. Robinhood said it aims to add support for derivatives, crypto and prediction markets next.
Robinhood CEO Vlad Tenev said the firm’s mission “extends to AI agents” now. Abhishek Fatehpuria, a product VP at Robinhood, called the initial target “early adopters of agents.” That choice of words points to a product aimed at niche users, not the wider banking market yet. Fortune
Robinhood stands out in a crowded field. Coinbase, Interactive Brokers and Charles Schwab were also up early Friday, but Robinhood’s gain outpaced them. That points to a move driven by something specific to Robinhood, not just a sector lift.
Goldman Sachs kept its Buy rating and $94 target on the stock after the AI announcement, according to Investing.com. Analysts called the market for agentic banking and brokerage products tough to measure since it’s a new space. That’s the main bull argument, but it hasn’t been tested yet.
Robinhood’s first-quarter numbers paint a mixed picture. The company said revenue hit $1.07 billion, with diluted EPS at 38 cents, but crypto revenue dropped 47% to $134 million. Gold subscribers jumped 36% to 4.3 million. Total platform assets climbed 39% to $307 billion.
Investors may be outpacing the products themselves. Robinhood warns agentic trading could wipe out a user’s investment, with AI agents at risk of misreading instructions or relying on old information. Trades could also be tough to track or halt in real time, according to its disclosure. Crypto is still an issue after the first-quarter slide, particularly if retail trading slows.
Stocks got a boost from the open. U.S. indexes started the day up Friday as traders watched new signals from U.S.-Iran negotiations, following record closes for the major benchmarks the previous session. Growth and fintech names saw firmer footing in early deals.
Robinhood faces new tests now as it waits to see if families will sign up for Trump Accounts before July 4, if AI agent trading runs as expected within limits, and if the company can keep adding new business lines before crypto volumes put pressure back on growth.
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