Look, investors didn't get what they wanted to hear last night. I think that it was pretty straightforward that there were a lot of people buying stocks, betting that this was going to be the official wind-down. Not more bombing.
Arm Holdings is poised to make a big splash in the chip game, perhaps a bigger one than initially expected, with $15 billion in annual revenue from the new chip currently being projected through 2031.
Once election outcomes are determined and uncertainty is resolved, markets have historically staged powerful rallies. Historical data shows the S&P 500 has produced an average return of 19% in the 12 months following midterm elections, with no negative annual return recorded since 1939.
Robinhood Chain, which the company teased last June, is currently in the so-called testnet phase. That means it is publicly visible but restricted to a limited number of partners and participants who can test its infrastructure, and introduce experimental features. In coming months, the "mainnet" version of Robinhood Chain will go live and be used to process customer transactions.