Robinhood’s market cap soared past $100 billion for the first time after a 3.1% stock jump. The surge is fueled by increased retail trading, options, and crypto offerings, along with new crypto and tokenized stock products boosting user engagement. The company’s share price closed at around $114.63 on Friday, marking a significant increase from the beginning of the month and a market cap of approximately $101.87 billion. Robinhood’s growth has been driven by innovation and a broader transformation from meme-stock volatility to a multifaceted financial platform. The company’s stock has soared 518.3% in the past year.

Read more at Zacks Investment Research: HOOD Jumps 3.1% After its Valuation Crosses Historic $100 Billion Mark – August 11, 2025