Preeti
Robinhood, a US-based platform known for stock trading, expanded into the cryptocurrency market and saw significant profits during the surge of Dogecoin, influenced by Elon Musk. To enhance its crypto ventures, Robinhood acquired Pluto Capital, an AI-powered investment research platform, on July 1, 2024. Pluto Capital offers customised investment strategies based on customer needs and financial goals by analysing global financial data in real-time.
The AI tool from Pluto Capital provides insights on stock prices, news, company financials, and SEC filings, giving Robinhood customers an edge in identifying market trends and opportunities. It assesses risk tolerance, investment objectives, and past trades to create personalised investment strategies aligned with users’ financial goals. By continuously monitoring portfolios and market conditions, the AI tool offers real-time recommendations and adjustments for optimized performance and risk management.
Additionally, Robinhood’s stock (HOOD) is currently trading at $22.79, showing a 7.1% increase over the last 30 months. The acquisition of Pluto Capital aims to provide Robinhood customers with advanced AI tools for smarter investments in the cryptocurrency market. This move reflects Robinhood’s commitment to innovation and enhancing the trading experience for its users.
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Source link: https://bitcoinik.com/robinhood-launches-ai-powered-crypto-tools-for-smarter-investments/
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