Robinhood $HOOD is cutting 10% of its full-time workforce to stay lean and speed up product execution.
The company says the move comes despite strong momentum, including record year-to-date trading volumes. It expects about $28 million in Q2 restructuring charges.
⚡️ $AMD price target raised to $600 from $525 at Bernstein
Bernstein raised the firm's price target on AMD to $600 from $525 and keeps an Outperform rating on the shares.
The firm believes the company should benefit from stronger server demand. Bernstein's existing AMD model was already consistent with a stronger server CPU environment and estimates move marginally.
The Top 10 investments across Robinhood just got updated for June.
All 10 of the top held assets are the same except for one...
$AMD.
AMD replaces $NFLX (which was in the top 10 for the past few months) as one of the top 10 held stocks across the platform on $HOOD Robinhood.
$AMD is up 118% YTD and has been a massive winner for retail investors that bet on Lisa Su over the past few years.
The other 9 most held on Robinhood:
$META $GOOGL $AMZN $MSFT $NVDA $PLTR $F $MSFT $TSLA
Watching $URA for a FAKE BREAKDOWN (Trendline break + reclaim) on Uranium ETF. Its finally time...
Uranium longs have a good fundamental thesis but have gotten SPANKED by bad price action. Now that many are bagged it can finally go