Down 11% Last Week, Should You Buy the Robinhood (HOOD) Discount? Here’s What You Need to Know

Easily one of the strongest names in the market this year, Robinhood (HOOD) has delighted investors with its massive return of nearly 188% since the January opener. However, recent volatility — brought on by the fallout in artificial intelligence and the cryptocurrency sector — has raised questions about HOOD stock. In the trailing five sessions, the equity dipped 11%, while in the past month, it’s down roughly 16%.

Still, even with the severe pain, the case for optimism is evident. For one thing, cryptos have effectively opened Pandora’s box, demonstrating that decentralized assets can form and sustain their own viable economies. As such, an eventual recovery wouldn’t be unexpected. Second, Robinhood has become a cultural icon. Thanks to the COVID-19 crisis, it singlehandedly introduced millions to the investment ecosystem.