Yahoo Finance Executive Editor Brian Sozzi sat down with Robinhood (HOOD) CEO Vlad Tenev at the Goldman Sachs Communicopia and Tech Conference to discuss how...
) CEO Vlad Tenev at the Goldman Sachs Communicopia and Tech Conference to discuss how artificial intelligence and crypto could change investing and how the online brokerage's customers are trading.
"For customers that are more buy and hold, they tend to see corrections in the market or volatility as buying opportunities because the thesis for these customers is that AI, and to some extent, cryptocurrency, is a transformative force, and that's going to play out over the long run," Tenev told Yahoo Finance, noting that recent market volatility has allowed some customers to buy big-name stocks"at a discounted price.
Uh, we think that there's a huge opportunity with, uh owning the the financials of an entire generation.Um, that continues to Gen. Z as well. So over time, I you think you'll see us branching more out into serving other types of customers, not just retail, but also businesses and institutions. Eight business lines that, um, eight business lines that are generating more than 100 million in annual revenue.
And so, I I think on balance, um, the business will will continue to do well, perhaps might be might be stronger with that macro, uh, and we will continue to diversify.
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