From Yahoo Finance: 2025-06-05 13:00:00

Robinhood stock surges towards S&P 500, with CNBC’s Jim Cramer reacting with one word: “Memed.” The spike comes as Robinhood hits $72.27, climbing 2% to $73.75. Bank of America analysts name it a “prime candidate” for S&P 500 inclusion, expecting increased buying activity from passive funds.

Robinhood, known for retail trading, has expanded into crypto, offering trading for Bitcoin, Ethereum, and more. Its crypto arm has grown as digital assets surge, leading to record highs reminiscent of its IPO frenzy. Investors wonder if Robinhood will follow Coinbase’s S&P 500 boost.

Coinbase, added to the S&P 500 in May, saw a 34% surge in shares despite regulatory scrutiny and a hack. The exchange acquired Deribit in May for $2.9 billion. Investors question if Robinhood will see a similar boost, with some pointing to frothy momentum and echoes of meme stock mania driving the rise.

Read more: Jim Cramer has one-word response as Robinhood stock surges toward S&P 500