Robinhood missed earnings and crypto weakness didn't shake Wall Street's bullish view. The tape is forgiving the near-term miss and paying for the recovery story. $HOOD

What happened: Robinhood's earnings missed estimates, and its crypto business showed weakness, but Wall Street kept a bullish outlook on the stock. Why it matters: Bernstein expects Robinhood's crypto business to shift toward infrastructure as newer products such as prediction markets and perps gain ground.

Robinhood's earnings missed estimates, and its crypto business showed weakness, but Wall Street kept a bullish outlook on the stock.

Bernstein expects Robinhood's crypto business to shift toward infrastructure as newer products such as prediction markets and perps gain ground.