There's a new way to make a fortune, lose it all or end up somewhere in between — and it can happen while you're sleeping, exercising, eating or just spacing out.

• 🤖 Robinhood is allowing users to let AI make stock trades and credit card purchases on their behalf.

Zoom in: The platform, which has some 27 million funded customers, just launched "agentic trading" and an "agentic credit card."

⚙️ How it works: Users can bring their own AI agents from anywhere and plug them into Robinhood via its Model Context Protocol (MCP) servers.

• Customers can create a special agentic trading account, separate from the rest of their portfolio, with dedicated funds.
• They'll receive alerts when their agents make a trade, and they can see "a real-time activity feed and P&L directly in the Robinhood apps."

💳 🤖 The "agentic credit card," which must be tied to a Robinhood Gold Card, will come with a "specific spending limit that only you control."

• The company said it will "scan for the best prices, monitor availability and make purchases automatically" based on instructions.

The big question: Can you lose it all with agentic trading?

• Yes. The company acknowledges it could include "the possible loss of your entire investment."
• But Robinhood says it is taking a "safety-always mindset," implementing "spending controls, limited account access and the ability to instantly disable your agents."
• Customers can preview trades if they want, and they can opt to manually approve every credit card transaction.

Reality check: Trusting AI to write an email for you is one thing. Trusting it with your finances is another. Early adopters will probably have high risk tolerance.

Go deeper

Makers of memory chips — once considered a boring, low-margin commodity tech input — have seen their market values moon, Axios' Matt Phillips writes.

Big picture: The surge reflects the seemingly relentless demand for memory chips that hyperscalers and other data-center builders need to manage the flood of data that AI both relies on and produces.

By the numbers: This week, both U.S. memory chip maker Micron and South Korean giant SK Hynix cleared the $1 trillion level in terms of market cap.

• That's rarefied territory that — until recently — had been reserved largely for the most powerful and profitable tech companies on Earth such as Apple, Amazon, Alphabet and Nvidia.
• Other important makers of memory chips — such as South Korea's Samsung Electronics and Taiwan Semiconductor — have cleared the $1 trillion bar as well, with TSMC continuing on through $2 trillion.

The bottom line: Only time will tell if these valuations prove a fleeting highlight amid a wild market bubble or a reflection of a new tech reality.

💼 Lululemon settled a dispute with founder Chip Wilson, agreeing to allow him to appoint two members to the board. The company is struggling with declining interest in its leggings. (WSJ)

🥎 Dick's Sporting Goods posted 6% comparable sales growth for its namesake brand, but the stock declined as the company's recently acquired Foot Locker division weighed on the bottom line. (CNBC)

📈 AI data software company Snowflake delivered a bullish outlook, sending its shares soaring in after-hours trading. The company also announced a deal with Amazon for chips and additional cloud services. (Bloomberg)

Even the commander in chief, a self-professed fan of the New York Knicks, can't contain his excitement about the team's return to the NBA Finals.

State of play: President Trump said today he's aiming to attend one of the team's Finals games in June.

• "I was going to go on Wednesday," Trump said, according to ESPN. "But [the Knicks] closed it out very quickly. ... Boy what a team, they won all their games. They have some great players."

What we're watching: The Knicks will play either the defending champion Oklahoma City Thunder or the up-and-coming San Antonio Spurs — either of which will be the favorite, according to the sportsbooks.

🏀 Nathan's thought bubble: Trump and the rest of the Knicks fandom — including the editor of this prestigious newsletter — should get ready for disappointment.