Jim Cramer Thinks Robinhood Markets, Inc. (HOOD)'s Social Network Is "Exciting"

We recently published 8 Stocks on Jim Cramer’s Radar. Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed.

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer’s favorite companies. He is a fan of the firm’s CEO, Vlad Tenev, and believes that its financial instruments’ trading platform is the most disruptive in the market. Cramer is a believer in Robinhood Markets, Inc. (NASDAQ:HOOD) because he believes not only does the firm’s platform resonate with younger users, but also because it is at the center of an inter-generational wealth transfer in America. His opinion about wealth transfer isn’t small. According to Jim Cramer, estimates show that the wealth transfer is estimated to sit at $100 trillion over the next couple of decades. Year-to-date, Robinhood Markets, Inc. (NASDAQ:HOOD)’s shares have gained 186% year to date and jumped by 15.8% last week. The shares soared after the firm was added to the S&P 500 index. Here is what Cramer said about Robinhood Markets, Inc. (NASDAQ:HOOD):

“Robinhood, by the way, is hosting. . it’s hosting the summit in Vegas. Vegas! How do you like that? There’s something interesting right. It’s unveiling new products for traders, including a new social network that I think is very exciting. I actually do.”

While we acknowledge the potential of 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.