Market Signal Briefing

The Ethereum Foundation announced today it executed an OTC sale of 5,000 ETH to Bitmine, the largest Ethereum treasury firm led by Thomas “Tom” Lee.

0/ Today, the Ethereum Foundation finalized the terms of a 5,000 ETH sale at an average price of $2,042.96 via OTC.

For this sale, our OTC counterparty was @BitMNR.

— Ethereum Foundation (@ethereumfndn) March 14, 2026

The EF plans to use proceeds from the sale to support its ongoing activities, including protocol research and development, ecosystem growth initiatives, and community grant programs.

The Foundation still holds approximately 170,000 ETH worth around $356 million, according to Arkham Intelligence data. The entity has begun staking its treasury ETH, starting with 2,016 in February and planning to stake about 70,000 ETH in total.

Bitmine has steadily accumulated ETH since launching its treasury strategy last June. The company’s holdings have exceeded 4.5 million units, valued at $9.5 billion at current market prices.

Over 3 million ETH is currently staked, producing annualized staking revenues of roughly $174 million, with potential to reach $259 million when fully deployed through its upcoming MAVAN validator network.

Ethereum Foundation outlines mission and principles in new EF Mandate The sale follows the Foundation’s recent release of the EF Mandate, a document defining its role and guiding philosophy in supporting the development of Ethereum.

The foundation said its primary responsibility is safeguarding Ethereum’s commitment to user self-sovereignty.

The mandate says the network must remain censorship-resistant, open source, private, and secure, while emphasizing that the foundation is one steward among many, not the network’s authority.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

With all eyes on the ongoing conflict in the Middle East, United Parcel Service (UPS 0.69%) investors will be wondering how the conflict could affect the company in 2026. The answer is that there could be a significant impact, but perhaps not in the way that many investors think. Here are five things investors should keep in mind about UPS.

1. and 2. UPS, oil prices, and fuel surcharges With oil prices spiking due to the conflict, it's natural that investors might be concerned about UPS' fuel costs. In reality, UPS does have exposure to fuel costs, but perhaps not in the way most investors think. First, fuel costs of $4.3 billion in 2025 accounted for only 5.3% of its total operating expenses of $80.8 billion.

Image source: Getty Images.

Second, UPS applies fuel surcharges weekly based on jet, kerosene, and diesel fuel prices. Moreover, in recent years, the fuel surcharge has more than offset fuel costs. In other words, UPS fuel surcharges aren't just reflecting fuel cost changes; they've become a net contributor to profit margins.

If that continues in the current environment, then higher fuel prices, all things being equal, could be a net benefit to UPS.

UPS Metric

2024

2025

Fuel cost change

($409 million)

($50 million)

Fuel surcharge change*

($270 million)

$282 million

Difference

$139 million

$332 million

Data source: UPS SEC filings. *Domestic segment surcharges.

3. All things are not being equal While direct fuel costs aren't a major problem, UPS is likely to suffer in the current environment. The company purchases transportation from third-party carriers, which accounted for 13.1% of its costs in 2025. Given a protracted increase in fuel costs, these carriers will likely raise their surcharges, leading to a corresponding increase in purchased transportation costs.

4. Rerouting traffic will also increase costs Disruptions in the Strait of Hormuz and other key Middle Eastern transport corridors, including the Jebel Ali port in Dubai, will likely increase UPS's costs, primarily through higher purchased transportation expenses.

5. UPS could see demand destruction Global trade conflicts, specifically those that cause inflation, are not good news for package delivery companies. Of particular note, UPS's small- and medium-size-business customers are already experiencing the impacts of tariffs on their businesses as they adjust product sourcing.

Today's Change

(

-0.69

%) $

-0.68

Current Price

$

97.21

Moreover, many of them will have reduced previously acquired inventory through 2025, and the last thing they need right now is more trade disruptions amid inflation. Consequently, UPS could see some impact on delivery volume in the quarter.

UPS in 2026 The conflict is highly likely to adversely affect UPS stock in 2026, but it's hard to tell how lasting the impact will be. On a positive note, UPS could likely handle relatively high oil prices if trade lanes reopen and inflationary pressures abate, but a combination of all three difficulties will hurt its volume and profitability, making it a stock exposed to a protracted conflict.

New York, New York--(Newsfile Corp. - March 14, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of NuScale Power Corporation (NYSE: SMR) between May 13, 2025 and November 6, 2025, inclusive (the "Class Period"), of the important April 20, 2026 lead plaintiff deadline.

SO WHAT: If you purchased NuScale Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the NuScale class action, go to https://rosenlegal.com/submit-form/?case_id=19967 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 20, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) ENTRA1 Energy LLC ("ENTRA1") had never built, financed, or operated any significant projects- let alone projects in the highly technical and complicated field of nuclear power generation during its entire operating history; (2) NuScale had entrusted its commercialization, distribution, and deployment of its NuScale Power Module ("NPMs") and hundreds of millions of dollars of NuScale capital to an entity that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities; (3) the purported experience and qualifications attributed to ENTRA1 by defendants during the Class Period in fact referred to the purported experience and qualifications of the principals of the Habboush Group, a distinct entity without significant experience in the field of nuclear power generation; and (4) as a result, NuScale's commercialization strategy was exposed to material, undisclosed risks of failure, delays, regulatory challenges, or other negative setbacks. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NuScale class action, go to https://rosenlegal.com/submit-form/?case_id=19967 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288555

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Nuclear energy has been enjoying something of a renaissance in recent years. The United States, Japan, South Korea, China, and India are all investing heavily in expanding their nuclear reactor fleets and/or resuscitating decommissioned reactors.

Thus far, that demand for nuclear power was in large part driven by the power needs of data centers.

But the current volatility with oil due to the possibility of the Strait of Hormuz being closed or even possibly mined likely has many more countries looking into more nuclear power if they weren't already.

Fortunately for investors tired of oil volatility, there are several companies operating in the nuclear industry that are worth a look. Here are some of the best.

Image source: Getty Images.

Fueling the future Up first is Canada's Cameco (CCJ 6.40%), which is one of the largest uranium miners in the world.

It was responsible for 15% of all the uranium produced globally last year. It's the second-largest uranium miner in the world, behind only Kazatomprom, Kazakhstan's state-run miner.

Cameco operates both the largest high-grade uranium mine in the world at McArthur River and has one of the highest-grade uranium mines in the world at Cigar Lake.

On the back of uranium's 34% price growth over the past year, Cameco generated revenue of $3.4 billion, up 11% over 2024. It's also worth nothing that prior to the Iran conflict, uranium was the only energy resource that had gone up over the past year.

And, for operating in an industry as capital-intensive as mining is, Cameco still manages a net profit margin of 16.9% and has a very healthy debt-to-equity ratio of 0.14.

But Cameco does more than just mine uranium, though that is the core of its business and where it generates the bulk of its revenue.

The company also operates a uranium refinery and fuel production facilities, and it holds 49% of Westinghouse.

Westinghouse, which Cameco holds as a joint venture with Brookfield Asset Management, is an engineering company that designs and builds nuclear reactors like the AP1000, which is the most advanced commercially available reactor on the market.

With Cameco you have an investment in almost every part of the nuclear fuel production cycle, from the mines to the reactors to the uranium powers.

Today's Change

(

-6.40

%) $

-7.38

Current Price

$

107.92

Pint-sized power plants One of the most interesting developments in nuclear technology in recent years has been small modular reactors (SMRs), which are miniaturized nuclear power plants that could potentially power data center clusters and remote facilities.

And one of the best companies working on SMRs has over seven decades of experience building small-scale nuclear reactors: BWX Technologies (BWXT 1.68%).

Since the 1950s, when it designed components for America's first nuclear submarine, BWX has produced over 400 naval nuclear reactors. And, while there are currently no SMRs up and running anywhere in the world, BWX's BANR power plant is one of the most promising prototypes and would be capable of generating 50 megawatts of power from a factory-built plant a fraction of the size of a conventional nuclear plant.

There are other SMR companies developing the technology, but many of them are small companies that are solely focused on SMR technology. For BWX it's a project and not the core of its business.

So, BWX has reliable and growing revenue and is not reliant on an influx of investor dollars or a contract coming through to build its SMRs. That makes it a less risky prospect than pure-play SMR companies.

Speaking of, that revenue came in at $3.19 billion last year, up 18% over 2024 and the company's earnings per share (EPS) grew 20% over the same period. The company also maintains a strong net margin of 10.3%.

BWX is a leader in small reactor technology and a safer way to play the potential of SMRs than many of its competitors.

Today's Change

(

-1.68

%) $

-3.32

Current Price

$

194.50

Star power Finally, there's Constellation Energy (CEG +0.18%), which is the largest green energy producer in the United States and the country's largest producer of nuclear power.

There are currently 94 nuclear reactors in the United States spread across 54 power plants that collectively generate 20% of the country's electricity. Constellation operates 21 of them, or a little over 1/5 of America's entire nuclear reactor fleet.

For 2025, Constellation saw a solid revenue increase of 8% over 2024 and the company's adjusted operating EPS also grew 8%. It also maintains a net margin of 9.1% and pays a dividend that yields 0.83% at current prices.

And, the company announced a 10% increase in its dividend per share at the end of 2025 with another 10% increase planned this year.

With these three stocks, you give your portfolio exposure to every part of the nuclear industry, from the uranium mine to the reactor to the generation of power, and you'll be set to profit from nuclear energy's renaissance.

Today's Change

(

-6.40

%) $

-7.38

Current Price

$

107.92

Did you buy DRVN common stock between May 9, 2023, and February 24, 2026?

Affected Driven Brands Holdings Inc. Investor Summary

Who: Driven Brands Holdings Inc. (NASDAQ: DRVN) What: Securities fraud class action lawsuit filed Class Period: May 9, 2023, through February 24, 2026 Deadline to Seek Lead Plaintiff Status: May 8, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's accounting and internal controls over financial report. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options at no cost to investor , /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Driven Brands Holdings Inc. (Driven Brands) (NASDAQ: DRVN) on behalf of those who purchased or acquired Driven Brands common stock between May 9, 2023, and February 24, 2026, inclusive. The lawsuit is filed in the United States District Court for the Southern District of New York and is captioned Clark v. Driven Brands Holdings Inc., et al, Case No. 1:26-cv-01902 (S.D.N.Y.). Investors have until May 8, 2026, to file for lead plaintiff status. 

CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Driven Brands common stock and have lost money on your investment, you are encouraged to contact KTMC attorney Jonathan Naji, Esq. at:

(484) 270-1453
[email protected]
https://www.ktmc.com/drvn-driven-brands-holdings-inc-class-action-lawsuit?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=drvn&mktm=PR

There is no cost or obligation to speak with an attorney.

DRIVEN BRANDS HOLDINGS INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Driven Brands' business and operations. Specifically, Defendants misrepresented and/or failed to disclose that: (1) there were errors relating to the recording of leases which primarily impacted Driven Brands' right of use assets and right of use liabilities recorded in the company's consolidated balance sheet as of December 28, 2024, and September 27, 2025; (2) there were errors in Driven Brands' reporting of opening and ending cash balances and operating cash flows, which resulted in overstatements of cash and revenue, and understatement of selling, general and administrative expense in consolidated statement of operations for fiscal years 2023 and 2024; (3) Driven Brands' supply and other expenses were improperly presented as company-operated store expenses in fiscal years 2023 and 2024; (4) Driven Brands identified other errors relating to the company's income tax provision, supply and other revenue, fixed assets, cloud computing, lease cash applications, balance sheet and income statement misclassifications, and improperly recognized revenue in Driven Brands' ATI business primarily related to fiscal year 2025; and (5) as a result of the foregoing, Defendants statements about the company's business, operations, and prospects were materially false and misleading at all relevant times.

Why did Driven Brands' Stock Drop?
On February 25, 2026, Driven Brands disclosed that the company would restate its financial statements for fiscal years 2023 and 2024, as well as quarterly and year-to-date financials for 2025, after identifying numerous material accounting errors. Driven Brands further revealed material weaknesses in its internal controls over financial reporting and delayed the filing of its 2025 Form 10-K. On this news, Driven Brands' stock price fell $5.01 per share, or nearly 40%, from a close of $16.61 per share on February 24, 2026, to close at $11.60 per share on February 25, 2026.

WHAT DRVN INVESTORS CAN DO NOW:

File to be lead plaintiff by May 8, 2026. Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you. Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR DRIVEN BRANDS HOLDINGS INC. INVESTORS:
Driven Brands investors may, no later than May 8, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Driven Brands investors to contact the firm for more information.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. The complaint in this matter was not filed by KTMC.

CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP

You may soon be able to invest in Bill Ackman's hedge fund. The billionaire filed to make Pershing Square shares publicly traded in a dual initial public offering (IPO) of the hedge fund and a new closed-end fund. You could get a small stake in the hedge fund management company if you commit to buying a share of the new closed-end fund. The incentive is designed to offset the likely drop in the fund's share price once it starts trading. Most closed-end funds trade at a discount to their net asset value.

But you don't have to wait for Ackman's IPO to follow the billionaire's investments. His strategy involves buying and holding a concentrated portfolio of undervalued companies for relatively long periods. So investors can use recent filings to reasonably guess what Ackman's currently holding in Pershing Square's portfolio.

Based on the company's most recent disclosures, including its annual report from last month, about 48% Ackman's managed stock portfolio is invested in just three outstanding companies.

Image source: Getty Images.

1. Brookfield Corp. (17.5%) Ackman sees two important factors to like about Canadian conglomerate Brookfield Corp. (BN 1.01%).

First, it has a burgeoning annuities and insurance business, Brookfield Wealth Solutions. The business is an investment-led insurance group in much the same vein as Berkshire Hathaway or what Ackman aims to build at Howard Hughes Holdings. With $120 billion in invested assets as of the end of 2025, management plans to grow that amount to $600 billion over time. The recent addition of Just Group will push it to about $180 billion.

Today's Change

(

-1.01

%) $

-0.39

Current Price

$

38.37

The second factor is the expected step-up in carried interest income from its asset management business. Brookfield doesn't recognize profits on its assets under management until after it's returned all invested capital to each new fund's shareholders and delivered a preferred return on that capital. That creates a waterfall of carried interest income years after a fund's initial launch. This year is expected to see a meaningful step-up in carried interest for Brookfield, leading to a significant increase in distributable earnings for the business.

Ackman expects Brookfield's total distributable earnings to climb 25% this year, in line with management's annualized target from its investor day in September. With the stock trading for just 18 times last year's distributable earnings, shares still look like a bargain at their current price.

2. Uber (15.9%) Uber (UBER +0.51%) stock has been weighed down by the potential disruption of its business from self-driving cars and robotaxi services. However, Ackman believes those fears are overblown, leading the stock to trade at an attractive valuation.

Indeed, Uber appears to be a key partner for autonomous vehicle companies. It's signed multiple deals with Alphabet's (GOOG 0.56%) (GOOGL 0.42%) Waymo, to launch robotaxis on its platform in multiple cities. It recently signed a deal with Amazon's Zoox to bring its cars onto its platform in Las Vegas and Los Angeles. Early results from Uber show incremental use when it launches autonomous vehicles on its platform, suggesting its partnerships are mutually beneficial.

Today's Change

(

0.51

%) $

0.37

Current Price

$

73.34

In the meantime, Uber's core ridesharing and delivery business is showing the strength of its network. Trips climbed 22% year over year last quarter, driven by user growth and increased trip frequency. The business continues to show operating leverage as it s, with earnings before interest, taxes, depreciation, and amortization (EBITDA) margin rising to 4.6%, driving 35% year-over-year EBITDA growth. Management expects similar improvements in the current quarter.

Uber shares currently trade at less than 23 times analysts' estimates for this year's earnings. Considering the company is set to grow revenue by about 20%, and show continued operating leverage, that price reflects the questionability of Uber's earnings durability. Ackman's betting that the autonomous vehicle industry won't be a winner-take-all market, and that Uber will play an important role as a demand aggregator for self-driving cars.

3. Alphabet (14.8%) Alphabet has been one of the biggest beneficiaries of the recent advancements in artificial intelligence.

The core Google search business has benefited in a couple of key ways. First, Alphabet has been able to implement AI Overviews into more and more search results over time. The product provides an AI-generated response to a search query and has increased engagement with the search engine since launch. Importantly, management says search queries with AI Overviews monetize at the same rate as those without it.

On top of that, generative AI tools can help its advertising business. Management says its Gemini models are better at understanding search intent, improving the effectiveness of its ad targeting. Additionally, it's providing tools to marketers to help generate new ad campaigns. As a result, Google Search ad revenue accelerated throughout 2025.

Today's Change

(

-0.56

%) $

-1.69

Current Price

$

301.52

Alphabet's Google Cloud platform has seen a huge increase in demand for compute amid the AI boom. Alphabet has been developing its Tensor Processing Unit (TPU) custom AI accelerator chips for years, and it's seeing strong customer demand. Anthropic even contracted to use the custom chips in its own data centers. Google Cloud revenue grew 48% year over year in the final quarter of 2025 and showed strong operating leverage. Operating margin expanded to 24% in the most recent quarter.

Alphabet is spending heavily to meet demand for its cloud computing services and its own compute requirements. Management guided for $175 billion to $185 billion in capex for 2026. That will weigh on its free cash flow, and it could slow its share repurchases. However, with the stock currently trading for 27 times earnings, it looks like a fair price to pay for the company.

Optimism around BYD Company Ltd (BYDDY 0.89%) often centers on scale, exports, and technological ambition. But scale alone doesn't guarantee shareholder returns.

Since we have looked at the base and bull cases for BYD, let's now consider the final scenario. The bear case for the next three years isn't a dramatic collapse -- it's something quieter and potentially more damaging: structural margin compression, underwhelming overseas execution, and optionality that fails to translate into profits.

Image source: Getty Images.

Price wars become structural, not temporary. The most significant risk to BYD isn't declining demand. It's persistent margin pressure.

If China's EV market remains oversupplied and competitive -- new entrants continue to undercut on price and established players fight for market share, BYD will have no choice but to follow suit. Worse, if such environment persist, consumers may grow accustomed to discounts, making future price raising decisions difficult.

In that environment, BYD's cost leadership -- due to economies of scale -- may protect it from losses, but not from margin erosion. Consequently, net profit margin could remain at low single digits or fall even lower if competition worsen. In the latter scenario, even higher sales volume may fail to grow profits since margin compression will offset revenue growth.

While it may be overly pessimistic to imagine an environment of ongoing brutal competition, investors should be reminded that the Chinese market is extremely competitive, so there is a possibility for that to happen.

Today's Change

(

-0.89

%) $

-0.11

Current Price

$

12.28

Overseas expansion proves more challenging than expected Global expansion looks compelling on paper. But in the bear case, BYD's execution fails to keep up with ambition -- a possible scenario since the company has to compete in unfamiliar markets.

In this scenario, overseas factories fail to ramp up as planned. Meanwhile, factory utilization rates may also remain low due to slower than expected local demand growth.

Here, instead of diversifying risk, global expansion introduces new cost burdens. Higher labor expenses, compliance costs, and political friction offset logistical savings. Returns on invested capital weaken as capex rises faster than earnings.

In this bear scenario, global growth doesn't break the China dependency; it adds complexity without delivering sufficient profit uplift.

Software and energy fail to move the needle Another area to consider is BYD's software and energy businesses. The bull case assumes that software monetization and energy storage become meaningful profit drivers. Here, the bear case assumes they don't.

In this scenario, advanced driver-assistance systems (ADAS) remain bundled at low cost to defend market share. Consumers resist subscription pricing, and recurring revenue stays minimal. This outcome is possible, given that BYD has offered its ADAS for free currently, so it may find it difficult to convince customers to pay in the future.

Meanwhile, the energy storage business may face challenge in growing its share in the next few years as it operates in a increasingly more competitive and capital intensive market.

In short, BYD remains diversified with these new ventures, but not differentiated. And without differentiation, the company's margin (and earnings) profile stays tightly tied to vehicle economics.

What does it mean for investors? The bear case for BYD isn't about failure. It's about stagnation. The company continues selling millions of vehicles. It remains globally relevant. But margins and return on capital remain low.

Personally, I think the bear case is probably too pessimistic, while the bull case overly optimistic. What is more likely to unfold is something in between.

Still, as investors, we must be able to envision different scenarios and prepare to embrace either of them. Only then we can make the most rational decision on whether to buy, hold, or sell the stock.

If I had $1,000 to invest right now -- or $100 or $100,000 -- two stocks that would be very high on my consideration list are Nvidia (NVDA 1.56%) and Broadcom (AVGO 4.11%).

Both are specialists in semiconductors, and semiconductors have been on a tear in recent years, in large part because of the rapid proliferation of artificial intelligence (AI) and the buildout of gobs of data centers to facilitate AI processing.

Image source: The Motley Fool.

Check out the average annual returns of these stocks:

Time period

Nvidia

Broadcom

Past 1 year

72.75%

87.04%

Past 3 years

100.41%

78.40%

Past 5 years

71.48%

51.76%

Past 10 years

72.52%

37.79%

Past 15 years

49.41%

37.21%

Data source: Morningstar. Data as of March 10, 2026.

Meet Nvidia Nvidia has become a very popular stock for good reason. It has switched its main focus from gaming chips to chips used in data centers for AI. It's also broadening its offerings these days via software, networking, and related services -- such as its recent move into AI agents.

Today's Change

(

-1.56

%) $

-2.87

Current Price

$

180.28

The company, a prodigious producer of cash, is also buying back shares at a rapid clip, deploying $41 billion in its last fiscal year and aiming to spend another $58 billion at least. This is another way to reward shareholders, as repurchased shares are essentially retired, leaving remaining shares with a bigger claim on earnings -- essentially a bigger piece of the pie.

Meet Broadcom Broadcom is a semiconductor company and a software company -- and a leader in networking equipment. The boom in AI has been a great tailwind for the company, as AI requires chips and software.

Today's Change

(

-4.11

%) $

-13.81

Current Price

$

322.16

Broadcom offers customizable AI accelerators for data centers, and its AI division has been growing more briskly than Nvidia's.

Both companies have quite promising futures, as the biggest tech companies are planning to spend hundreds of billions of dollars building out AI infrastructure -- in 2026 alone.

Should you invest in Nvidia and/or Broadcom? Both stocks feature pretty eye-popping average annual gains -- which may have you suspecting that you missed the boat on these stocks and that they're overvalued by now. But not so fast -- consider that Nvidia's recent forward-looking price-to-earnings (P/E) ratio of 22.75 is well below its five-year average of 36.94, and its price-to-sales ratio of 20.74 is below the five-year average of 23.91. (Those are both steep price-to-sales ratios, though.)

Broadcom, meanwhile, looks more richly valued, with a forward P/E of 32.40 topping its five-year average of 19.97 and a price-to-sales ratio of 24.64, more than double its five-year average. Still, if you plan to hold on to the stock for many years, buying now could still work out well. Or, if you're not sure, perhaps buy in increments over time.

Do note, of course, that there are other compelling growth stocks out there, as well, should these companies not interest you enough.

Inside a Chinese bitcoin mine

The Washington Post via Getty Images

When most people picture bitcoin mining, they see warehouses in Texas or shipping containers in Kazakhstan. Governments don't usually enter the frame.

Maybe they should. VanEck, the asset manager behind the HODL spot bitcoin ETF, estimates that as many as 13 national governments are running or directly supporting bitcoin mining operations. The figure surfaced in the firm's mid-December 2025 Bitcoin ChainCheck, flagged by Matthew Sigel, VanEck's head of digital assets research. Blockchain analytics firm Arkham Intelligence ran its own on-chain forensics and came up with 11.

The reasons behind this are messier than any single narrative can hold. Surplus energy monetization. Quiet reserve-building. Sanctions evasion through a channel that traditional finance has no obvious mechanism to block. Often more than one at once.

The Confirmed Bitcoin MinersFour countries have either publicly acknowledged or been credibly documented as running state-backed bitcoin mining operations.

Bhutan is probably the most surprising. Druk Holding & Investments, the investment arm of the Bhutanese monarchy, has been mining bitcoin since at least 2018 on cheap Himalayan hydropower. The program ran quietly for years, until Arkham deanonymized the associated wallets in 2023 and found an estimated 12,000 to 13,000 bitcoin sitting there. That's a remarkable sum for a country with a GDP of roughly $3 billion.

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El Salvador was never quiet about it. After President Nayib Bukele made bitcoin legal tender in 2021, the government stood up a geothermal mining facility run off the Tecapa volcano. El Salvador now holds approximately 7,517 bitcoin in total; about 474 came from domestic mining, the rest purchased on the open market.

Iran took a more coercive approach. The country legalized bitcoin mining in 2019 and requires licensed miners to sell their output directly to the Central Bank of Iran. Iran accounts for an estimated 4.2% of global bitcoin hashrate. Chainalysis and the Cambridge Centre for Alternative Finance have described this as a mechanism for generating dollar-equivalent revenue outside the conventional banking system, a system that U.S. sanctions have made effectively off-limits for Tehran.

Russia is harder to place cleanly. A 2024 law legalized bitcoin mining and authorized cross-border cryptocurrency settlements. BitRiver, a Russian mining company, operates 533 megawatts of capacity within a state-sanctioned framework. Whether the Russian government mines directly is genuinely unclear, but the legal architecture is built to channel mining activity toward national objectives.

The Emerging Countries In Bitcoin MiningBeyond those four, Arkham's research turned up several additional nations with verifiable on-chain evidence of state-linked mining activity. The evidence is thinner in some cases than others.

Take the UAE. Arkham identified approximately $700 million in bitcoin tied to mining operations with links to Abu Dhabi-based entities. Marathon Digital, a publicly traded U.S. mining company, has formed partnerships with state-linked firms in the Emirates, including Zero Two, a technology venture backed by Abu Dhabi's sovereign wealth ecosystem.

Ethiopia has scaled faster than almost anyone anticipated. Phoenix Group, a UAE-based miner, locked in 132 megawatts of capacity through agreements with Ethiopia's national power company. The country barely registered on the global hashrate map in 2021; by the fourth quarter of 2024, it had climbed to roughly 1.94% of global bitcoin hashrate, driven by cheap hydroelectric power and electricity costs that undercut most competitors.

In Argentina, provincial utilities in Patagonia have been channeling surplus natural gas (gas that would otherwise be flared) into bitcoin mining. It's less a centralized state program than a loose collection of public-private arrangements happening at the regional level.

Arkham’s count also includes Oman and Kenya, though the evidence for direct state involvement is thinner in both cases. Japan has also been linked to state-utility bitcoin mining through a reported collaboration with hardware maker Canaan, according to PANews.

The Number Of Countries Mining BitcoinThe two numbers VanEck’s 13, Arkham's 11 , don't match, and neither firm has shown its work. That probably comes down to where you draw the line. When Iran licenses private miners but forces them to hand over bitcoin to the central bank, is the government mining? When Argentina's state-owned gas utility pipes fuel to private rigs in Patagonia, does that count? There is no consensus.

And maybe that's the point. This isn't one thing. Bhutan and El Salvador run their own rigs. Iran and Russia built legal frameworks to siphon off private mining output. Ethiopia and Argentina are energy plays. Others are just wallet clusters on the blockchain with no press release attached.

Central banks were barely studying bitcoin five years ago. Now at least 11 governments have mining operations tied to on-chain evidence. The exact count matters less than the direction.

What Comes Next For Bitcoin Mining CountriesMining is one thing. Holding is another. Bhutan and El Salvador are accumulating bitcoin on their balance sheets. Iran takes it from licensed miners. Russia’s framework points toward strategic use but the details are opaque. For most of the newer entrants ( the UAE, Ethiopia) nobody outside those governments knows if the mined bitcoin gets held or sold.

That matters for price. When BlackRock buys bitcoin for its ETF, everyone sees it in SEC filings. When a sovereign mines bitcoin and keeps it, there is no 13-F, no quarterly report. Just a wallet on the blockchain. If even a handful of these governments are building permanent positions, there is more bitcoin locked up than the market realizes.

President Trump's executive order establishing a Strategic Bitcoin Reserve put the U.S. on that path too, at least symbolically. The reserve so far holds only seized assets. Whether Congress authorizes domestic mining to expand it is an open question. If it does, 13 won't be the final number.

Solana’s [SOL] SuperTrend indicator has turned bullish for the first time since early January, signaling a possible trend shift after weeks of persistent downside pressure. This development appears on the daily chart as the price stabilizes near the $88 region following an extended correction. 

Earlier selling pressure pushed SOL from levels above $200 toward the $80 area, creating a prolonged bearish structure. However, the recent SuperTrend flip now reflects a potential shift in directional control. 

The indicator has historically responded to shifts in volatility rather than to short-term noise. Therefore, its bullish reversal suggests that the previous downtrend may have lost dominance. 

Is Solana quietly forming an accumulation base? The price structure currently indicates that Solana is consolidating within a well-defined accumulation range following its extended decline. The daily chart highlights repeated reactions between the $78.50 support zone and the $93.26 resistance level. 

Buyers have consistently defended the lower boundary of this range, preventing further breakdown toward deeper levels. 

Meanwhile, sellers have struggled to regain strong control over the mid-range. This sideways movement often reflects a transitional phase where markets absorb prior selling pressure. As a result, the consolidation suggests that market participants may be gradually rebuilding positions. 

At press time, the Directional Movement Index indicated that the +DI line was near 25.80, while the -DI line was around 20.53, indicating that buying pressure currently exceeds selling pressure. At the same time, the ADX was near 21, indicating a developing trend rather than a fully established one. 

Alongside this signal, the Parabolic SAR dots sat below the current price near $82.34. This positioning typically indicates a shift toward bullish control after a prolonged decline. 

Source: TradingView Buy pressure grows as Solana leaves exchanges Spot Taker CVD showed buy dominance as of writing, indicating that aggressive market orders have increasingly favored buyers over sellers. 

Additionally, exchange flow data revealed continued withdrawals from trading platforms. The most recent data point indicated a net flow of approximately -$1.97 million, extending a broader trend of persistent outflows. 

Such movements often signal accumulation because investors move assets out of exchanges for holding rather than for immediate sale. Meanwhile, this combination of buy-side order flow and exchange withdrawals reflects underlying strengthening demand. 

Source: CryptoQuant Binance top traders lean heavily long At the time of writing, Binance’s top-trader Long/Short Ratio indicated approximately 69.24% long accounts and about 30.76% short accounts. This imbalance produced a Long/Short Ratio of approximately 2.25, indicating strong bullish positioning among top traders. 

Such positioning often reflects expectations for upward price movement. However, concentrated long exposure can also introduce volatility if prices move sharply against these positions. 

This strong long bias aligns with the recent SuperTrend shift and improving directional indicators. Therefore, derivatives sentiment currently supports the narrative of gradual recovery within the broader market structure.

Source: CoinGlass Solana is currently showing early signals of recovery rather than a confirmed breakout phase. SuperTrend reversal, bullish directional indicators, exchange outflows, and strong long positioning all support stabilization. 

However, the $93 resistance remains critical. A sustained move above this level would likely confirm a stronger recovery trend.

Final Summary Solana now exhibits early recovery signals, with buyers defending support and gradually challenging resistance within its developing consolidation pattern. If accumulation continues and resistance weakens, SOL could transition from stabilization toward a sustained recovery phase soon.

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Shiba Inu is regaining bullish momentum as it nears the key resistance of $0.0000062, with the current price around $0.0000059.

Market analyst Gain Muse notes that this level could be pivotal in determining the token’s next major move, signaling growing buyer strength after recent consolidation.

Source: GainMuse After a prolonged bearish phase, Shiba Inu is showing signs of recovery as buyers gradually regain control.

The formation of higher lows signals potential accumulation, with investors stepping in during dips to push prices upward. Notably, the recent movement of 117 billion SHIB off exchanges has ignited a bullish alert, hinting at growing market confidence.

What does this mean from a technical perspective? Well, $0.0000062 has become a crucial resistance level for Shiba Inu. Such zones often trigger strong market reactions, as selling pressure historically outweighs buying.

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A decisive break above this barrier on high volume could spark a sustained bullish rally, drawing in sidelined traders and amplifying momentum.

Shibarium Progress Boosts Investor Confidence Shiba Inu’s ecosystem development is fueling investor confidence alongside price action. According to Shibariumscan, 42% of Shibarium blocks are already indexed, highlighting steady progress in the network’s infrastructure and ongoing growth.

Shibarium, Shiba Inu’s Layer-2 blockchain, enhances scalability, lowers transaction costs, and powers decentralized applications within the SHIB ecosystem.

With 42% of blocks already indexed, network transparency and usability are steadily improving, paving the way for wider developer adoption.

This infrastructure progress is crucial, as long-term crypto value increasingly hinges on real-world utility rather than speculation, which could boost confidence and demand for SHIB over time.

The XRP price has been trending downward for several months now, falling from a yearly high above $3 in 2025 to under $1.4 at the time of writing. With the crypto market facing strong bearish headwinds, XRP’s next move remains uncertain. While some hope for a recovery, others project further downside. For her bearish forecast, crypto analyst CasiTrades suggests that XRP’s consolidation phase may not be over. She projects that the cryptocurrency could still crash further to $0.87 before the current bear market ends. 

XRP Price Faces $0.87 Crash CasiTrades has presented a fresh technical update on XRP’s price action, outlining a short-term bearish scenario which could see the cryptocurrency decline significantly to $0.87 before any meaningful recovery begins. Posting on X, she notes that XRP has now spent 34 days inside Wave 4 of an Elliott Wave structure. During this period, price movement has been unusually slow, and overall volatility across the pair has dropped considerably.

According to the chart, XRP is currently trading around $1.39 and remains trapped within a corrective structure that has been moving sideways since early February. CasiTrades noted that this pattern was typical of Wave 4 behavior, often accompanied by a prolonged, muted consolidation that slowly exhausts market participants and frustrates both bulls and bears.

Source: Chart from CasiTrades on X CasiTrades has highlighted two key price levels that will likely determine XRP’s next move. The first is the $0.87 level, which aligns with the 0.854 Fibonacci retracement shown on the chart. If XRP crashes to this level, the analyst expects it to act as a strong support area where the cryptocurrency’s ongoing correction could complete, and a recovery could begin. 

The second level is the resistance around $1.65, which closely corresponds to the 0.618 Fibonacci extension. CasiTrades suggests that if XRP moves higher and breaks above this level, then holds it as support, it would invalidate the cryptocurrency’s bearish outlook and signal a potential shift back to bullish momentum. 

XRP Recovery Expected After Wave 4 Bottom If XRP follows the bearish scenario, CasiTrades chart suggests that once Wave 4 completes near the $0.87 support zone, the market could transition into Wave 5, a projected strong recovery phase. The green line on the chart illustrates this expected rebound, pointing significantly higher after XRP’s corrective phase ends.

Following the projected trajectory of the green line, XRP is expected to rebound sharply from $0.87 and move toward the next intermediate zone near the 0.786 Fibonacci Retracement around $1.085. From there, the price is projected to revisit its previous resistance area near $1.65, before potentially climbing to a second resistance level around $1.78. If the cryptocurrency breaks above this level with bullish momentum, the chart suggests a further surge that could propel XRP beyond $1.9.

XRP trading at $1.39 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com

The market is entering a phase that calls for “strategic” accumulation.

From a technical perspective, crypto has now been navigating the West Asian conflict for two weeks. So far, it has shrugged off significant downside, with most large-cap assets chopping within tight ranges, ranges that, historically, have acted as key psychological support.

Looking at the bigger picture, however, most high-cap assets have been range-bound for over four weeks. This means that, despite the war-driven volatility, these assets are holding close to their pre-conflict consolidation levels. In this context, Ethereum’s [ETH] $2k level acts as a strong psychological support.

Source: TradingView (ETH/USDT) Historically, setups like this tend to spark speculation. 

The logic is simple: during consolidation, traders increase bets on the next move. Ongoing geopolitical uncertainty is amplifying this, driving aggressive hedging and positioning for potential breakouts or breakdowns, which in turn heightens volatility around key levels.

Notably, positioning around Ethereum is following this playbook. On the derivatives side, Ethereum’s Estimated Leverage Ratio (ELR) is up nearly 15% over the past two weeks, while its Open Interest (OI) has grown by roughly $3.5 billion, signaling that traders are stacking risk anticipating a major move.

Looking at the bigger picture, tight range-bound price action and elevated leverage bets often set the stage for a volatility squeeze in either direction. That said, if accumulation shows up, could Ethereum’s chop around $2k turn into a textbook bear trap?

Ethereum staking surges as short liquidity clusters face risk  Nothing illustrates underlying conviction in an asset better than when it’s stacked for yield. 

Notably, Ethereum’s current staking metrics reinforce this setup. Lookonchain recently flagged that Grayscale’s Ethereum Mini Trust staked 57,600 ETH (roughly $121.6 million). From an economic standpoint, high staking levels affect supply dynamics, as more ETH gets locked, thus reducing circulating supply.

Building on this momentum, CryptoQuant data shows that Ethereum’s Total Value Staked (TVS) has hit a new all-time high of 37.8 million ETH. That’s nearly 180,000 ETH added to the staking pool over the last two weeks alone. Zooming out, staking has grown by roughly 1.9 million ETH so far in 2026.

Source: CryptoQuant Sure, high-staking levels reinforce long-term conviction, but the market has yet to respond, with ETH down 30% year-to-date. However, that’s where inflows start to matter. AMBCrypto reports that over $200 million has flowed into ETH ETFs over the last four days, highlighting continued demand even in a weak market.

From a strategic perspective, timing matters.

According to CoinGlass, Ethereum’s 24-hour liquidation heatmap shows massive short liquidity clusters forming, with the largest around $2,180 holding roughly $50 million in short leverage. Against this backdrop, the weekly wave of accumulation looks more deliberate than random.

With high staking volume and ETF inflows, smart money appears to be targeting these short liquidity clusters, potentially turning ETH’s chop around $2k into a classic bear trap. This could catch traders betting against Ethereum off guard once the market shifts back to risk-on.

Final Summary Staking hits a new all-time high at 37.8 million ETH, with Grayscale adding 57,600 ETH, while ETF inflows of $215 million highlight continued demand despite Ethereum being down 30% YTD. Tight range-bound price action, elevated leverage, and concentrated short liquidity clusters suggest smart money could trigger a classic bear trap.

The price of Bitcoin put in another interesting performance over the past week, as the global uncertainty continued in the broader financial markets. However, the $74,000 resistance level proved to be unyielding yet again, as the premier cryptocurrency made a fresh play for it as the weekend approached.

The investor sentiment in the Bitcoin market seems to be worsening with time, while the bullish momentum appears to be waning after the latest rejection. In fact, recent on-chain data shows that the sentiment is at a low not seen in nearly four years.

BTC Fear & Greed Index Falls To 10% For First Time Since 2022 In a March 13 post on the X platform, crypto analyst Axel Adler Jr revealed that the Bitcoin Fear and Greed Index has continued its descent over the past few weeks. The Fear and Greed Index is an on-chain indicator that measures sentiment in the crypto market and reflects some aspect of investor behavior.

Typically, the index ranges from 0 to 100 (often in percentage), with higher values often signaling extreme greed and overheating market conditions. Meanwhile, a lower value of the Bitcoin Fear & Greed Index suggests extreme fear and skepticism among investors.

According to CryptoQuant’s data shared by Adler Jr, the 30-day average Fear and Greed Index has fallen to 10%, a level of pessimism seen during the market-wide crash brought about by the COVID-19 pandemic and the Terra (LUNA) ecosystem collapse. As observed in the chart below, the metric has been on a downturn since reaching a peak above the 75th percentile in late 2025.

Source: @AxelAdlerJr on X Adler Jr. wrote on X:

Sentiment is now deeply compressed. For market structure to stabilize, Bitcoin likely needs to reclaim higher price levels.

While an upturn in price performance might be critical in improving the market sentiment, the current level of the Fear and Greed Index might provide insight into Bitcoin’s near-term trajectory. From a historical perspective, the premier cryptocurrency has often shown the tendency to bounce back when the market sentiment is at its lowest.

During the COVID-19 crash, the Bitcoin price rebounded from around $5,000 to a new all-time high after the Fear and Greed Index fell to around 10%. In 2022, though, the price of BTC did not reach a bottom until after the collapse of the FTX exchange (a few months after the index reached the 10% level).

In essence, the Fear and Greed Index being this low could imply that the market leader has either reached or is near its bottom.

Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $71,262, reflecting an over 1% jump in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from DALL-E, chart from TradingView

Former UK Prime Minister Boris Johnson has sparked fresh debate in the cryptocurrency world after publicly labeling Bitcoin a "giant Ponzi scheme" in a column published in the Daily Mail and shared on X. Johnson argued that Bitcoin lacks real-world value, claiming it depends on a steady stream of new, trusting investors rather than any tangible foundation.

To support his point, Johnson referenced a story from his Oxfordshire village, where a retired local lost approximately £20,000 after handing over £500 to someone in a pub who promised to double his money through Bitcoin. Johnson also drew comparisons between Bitcoin and traditional assets like gold or even Pokémon cards, arguing that both carry cultural or physical worth — something he believes Bitcoin fundamentally lacks. He further questioned the credibility of a financial system built by the anonymous figure Satoshi Nakamoto, asking who investors could turn to if something went wrong.

The crypto community wasted no time pushing back. Michael Saylor, Executive Chairman of Strategy — the world's largest corporate Bitcoin holder — directly challenged Johnson's characterization, explaining that a true Ponzi scheme requires a central operator who pays early investors using funds from newer ones. Bitcoin, Saylor emphasized, operates without an issuer, promoter, or guaranteed returns, functioning instead as an open, decentralized network governed entirely by code and market forces.

On X, community contributors echoed similar sentiments, noting that Bitcoin's value is driven purely by free-market demand, its source code is publicly accessible, and participation is entirely voluntary. BitMEX Research added bluntly that no single entity controls the network.

Beyond technical rebuttals, some users criticized central banks for expanding the money supply during the pandemic, framing Bitcoin's fixed supply as a direct contrast to traditional monetary systems. The debate reflects an ongoing tension between mainstream skepticism and growing institutional confidence in cryptocurrency as a legitimate asset class.

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Bitcoin's outperformance against U.S. equities is reviving bullish sentiment across crypto markets, with Coinbase Institutional signaling that the industry may be moving beyond what it described as peak pessimism as participation and macro conditions begin shifting. Bitcoin Strength Sparks Institutional Optimism as Crypto Markets Eye Sustained Breakout Renewed strength in bitcoin relative to U.S.

L2 Unity, an emerging cross-chain liquidity protocol connecting Arbitrum and Optimism, has launched a major 50 million token airdrop targeting early Layer 2 adopters. With distribution capped at 100,000 eligible wallets and claims already live, this event is drawing significant attention from the DeFi community ahead of the protocol's anticipated Q2 2026 mainnet launch.

The airdrop goes beyond simple reward mechanics. L2 Unity is designed to bootstrap governance participation and encourage cross-chain liquidity provision at scale. What sets this distribution apart from earlier Layer 2 airdrops is its hybrid eligibility model, which evaluates wallet activity, bridge usage, and DeFi interactions across both Arbitrum and Optimism networks rather than relying on transaction history alone.

Claiming tokens is a straightforward process. Users visit the official portal, connect a supported wallet such as MetaMask, WalletConnect, or Coinbase Wallet, and the system automatically verifies on-chain eligibility. No upfront payment or gas deposit is required to check eligibility, and eligible wallets can claim immediately with no vesting period — only standard network gas fees apply at the time of the claim transaction.

The 50 million token pool is distributed across three user segments: 60% allocated to wallets with cross-chain bridge activity between the two networks, 25% reserved for active DeFi participants including lenders, swappers, and liquidity providers, and the remaining 15% directed toward early community members and testnet contributors. Individual allocations range from 200 to 12,500 tokens depending on each wallet's computed activity score.

This launch reflects a broader momentum in Layer 2 token distribution strategies. Following Arbitrum's landmark ARB airdrop in 2023 and Optimism's multiple OP distribution rounds, protocols are increasingly leveraging airdrops to drive community ownership. With Ethereum's Layer 2 ecosystem now exceeding 40 billion dollars in total value locked, L2 Unity is positioning itself to compete for cross-chain liquidity at the forefront of rollup-based DeFi growth.

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Market sentiment toward artificial intelligence (AI) is currently mixed. While it was the premier sector to invest in during 2023 through 2025, investors are a bit more selective and skeptical in 2026. They see the AI hyperscalers spending record-setting amounts on capital improvements, yet returns on this spending are still to come (if they come at all).

Investors considering AI stocks need to be patient. The reality is, most companies haven't started using AI on a day-to-day basis. Once they do, they're going to need a lot more computing capacity than is available right now. Those who are bullish on the AI trend should look at this short-term skepticism as a long-term AI buying opportunity.

Image source: Getty Images.

Less than 20% of companies are using AI AI usage is rapidly growing, but there's still a large majority of the population that isn't using it. Businesses are even worse, and according to research done by The Motley Fool, only 18% of businesses are currently using AI. That figure is expected to rise to 22% in the next few months, showing rapid adoption. But businesses are still a long way away from an AI-first approach that we keep hearing about.

Larger firms are a bit more tech savvy and have a 27% usage rate, but that's still way under half. There is clearly more room to use AI. AI computing resources are still constrained right now, even with relatively minor usage among the business community. As a result, there is still a huge investment opportunity in AI.

We're going to need a lot more infrastructure, and that brings to mind three stock picks that could thrive.

There are several ways to profit from this massive build-out By 2030, McKinsey & Company projects that about $7 trillion in data center capital expenditures will be needed to meet AI computing demand. For reference, the AI hyperscalers are expected to spend about $650 billion this year, so there's still a long way to go to meet the threshold necessary to achieve this goal.

Two companies that will thrive from continued build-out are Nvidia (NVDA 1.56%) and Taiwan Semiconductor Manufacturing (TSM +0.42%). Nvidia makes graphics processing units (GPUs), which have become the go-to computing unit of choice for facilitating AI workflows. While there are alternatives out there, none have the full-stack capabilities that Nvidia's GPUs have and the ability to move workloads from provider to provider. An investment in Nvidia is a bet that more GPUs are needed to process all of the AI workload yet to come online -- a pretty safe bet.

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TSMC is similar, as it makes most of the logic chips that go into advanced computing devices commonly deployed in AI applications. While TSMC is Nvidia's primary chip supplier, it also produces chips for its competitors. This makes TSMC the ultimate neutral investment in the AI sector, as it's a bet that spending will continue rising, and there may be different computing unit providers that emerge as better options than Nvidia, although that isn't the case right now.

Another stock I'm bullish on is Microsoft (MSFT 1.57%). Microsoft provides a lot of different software applications that include AI capabilities, and its platform will naturally be a way for many companies to increase their AI usage. It also has one of the top cloud computing platforms, Azure. Azure is where developers can build AI models and host them via the cloud, and this business unit has delivered impressive growth for Microsoft for many years. I don't see that slowing down anytime soon, due to rising AI demand, making its stock an excellent pick.

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Businesses and consumers haven't come close to maximizing AI usage, and that bodes well for several AI investments. I think investors should use the current AI investing lull to load up on stocks, as there has seldom been a better time to buy some of these now-discounted stocks than right now.

Keithen Drury has positions in Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

Tilman J. Fertitta speaks at a panel for the television series "Billion Dollar Buyer" during the NBCUniversal summer press day in Westlake Village, California, April 1, 2016. REUTERS/Mario... Purchase Licensing Rights, opens new tab Read more

March 14 (Reuters) - Tilman Fertitta's Fertitta Entertainment is negotiating ​to buy Caesars Entertainment (CZR.O), opens new tab for $32 ‌per share, at an equity value of $6.5 billion, CNBC reported on ​Saturday, citing sources close ​to the situation.

Fertitta's terms for ⁠Caesars include an enterprise value ​of $31.5 billion, given the gaming ​company's substantial debt, the report said.

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.

Reuters could not immediately verify the report. ​Fertitta Entertainment and Caesars Entertainment ​did not immediately respond to Reuters' requests ‌for ⁠comment outside regular business hours.

Deal talks are taking place within a 45-day exclusive window, ​this weekend ​at ⁠Fertitta's headquarters in Houston, CNBC added.

The Wall Street ​Journal reported earlier this ​week ⁠that Fertitta Entertainment has been discussing paying around $34 a share for ⁠Caesars, ​giving it a ​value of roughly $7 billion.

Reporting by Ananya Palyekar ​in Bengaluru; Editing by Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles., opens new tab

FOX Business' Lydia Hu reports from Goose Creek, S.C., inside a Century Aluminum smelting factory detailing how Trump tariffs created jobs and boosted manufacturing capacity on 'Varney & Co.'

Four times a year, investors get a golden opportunity: The chance to check out the latest investing moves of experts. How does this happen? Managers of more than $100 million in securities must file their latest trades on Form 13F with the Securities and Exchange Commission. These forms are available to the public, allowing any of us to take a peek -- and potentially gain investing inspiration.

In the latest quarter, billionaire Dan Loeb made a striking move, selling shares of several artificial intelligence (AI) leaders -- but adding to his position in a key AI stock, one that's soared about 453,000% since its initial public offering. Clearly, Loeb thinks this winning player has more room to run, even after such extraordinary gains. Let's take a closer look at the AI moves of this investing giant.

Image source: Getty Images.

AI stocks encounter turbulence First, though, it's important to consider the general market environment when Loeb made these moves. This concerns the fourth quarter of last year, and early in that period, AI stocks, the players that have been driving stock market gains, continued to climb -- but by the middle of the quarter, concerns mounted regarding the high valuations of AI stocks and the possibility of a bubble taking shape. And that resulted in declines in many of these stocks in November.

Loeb, who oversees $7.2 billion in 13F securities at Third Point, invests significantly in technology stocks, with these players in three of the top five positions in his fund. Technology stocks also have been among his biggest investment areas over the past year.

Now, let's check out the moves Loeb made in the fourth quarter.

Loeb closed his position in Meta Platforms (META 3.77%), a stock he had held since the third quarter of 2023. In the third quarter of last year, it accounted for 1.8% of the portfolio. The billionaire reduced his Amazon (AMZN 0.87%) holding by 22%. It's still a major position, though, ranked No. 3 with a 6.8% weight in the portfolio. He's held the stock since the second quarter of 2023. Loeb cut his position in Microsoft (MSFT 1.57%) by 15%. This stock, too, remains a significant holding with a weight of 6.1%. It's the fourth-biggest holding and has been part of the portfolio since the fourth quarter of 2022. The investing giant added to his Nvidia (NVDA 1.56%) position, increasing it by just under 4%. It now represents more than 7% of the portfolio and is Loeb's second-biggest holding. He's owned the stock since the first quarter of last year. A stock well-positioned for growth We don't know the exact reasons behind Loeb's moves, but it's clear that he believes Nvidia may have further to go, even after its massive gains since its 1999 IPO, and is well-positioned to benefit from the current and next stages of AI growth.

It's important to remember that, as the infrastructure build-out stage unfolds, Nvidia should continue to see explosive demand. This spending, which the company forecasts may reach $4 trillion by the end of the decade, will power the ramp-up of data centers, and a key element here is the AI chip. And that's fantastic news for Nvidia, which, as the AI chip leader, sells the world's most powerful graphics processing units (GPUs).

And this market giant also should benefit as these data centers open up capacity, as customers will need the best and latest chips to power the application of AI to real-world problems. For example, GPUs are needed for inference, or the "thinking" process a model uses to do its job.

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Meanwhile, Loeb hasn't given up on Amazon and Microsoft, leading cloud providers that should generate growth over the long term as customers rush to them for their AI projects. At these cloud providers, customers can find Nvidia products as well as a broad range of other AI products and services.

As for Meta, the stock climbed about 140% while it was in Loeb's portfolio, and though it may have room to run, some investors have worried about the company's aggressive spending on AI.

In any case, Loeb's moves in the quarter show ongoing commitment to the AI story, and if the billionaire is right, many AI stocks still could have plenty of room to run over time.

NEW YORK, March 14, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of Endeavor Group Holdings, Inc. (NYSE: EDR) Class A common stock between January 15, 2025 and March 24, 2025, both dates inclusive (the “Class Period”), of the important March 18, 2026 lead plaintiff deadline.

SO WHAT: If you sold Endeavor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit seeks to recover damages on behalf of investors that were damaged as a result of allegedly false and misleading statements and omissions of material facts in the January 15, 2025 Information Statement (filed with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the securities laws) and subsequent amendment issued by defendants, and related filings with the SEC. Among other things, the complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor’s shares, failed to adequately disclose the earnings of Endeavor’s executives under the terms of the Merger (a take-private merger), and failed to disclose conflicts of interests with Endeavor’s special committee and financial advisor.

To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

New York, New York--(Newsfile Corp. - March 14, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Paysafe Limited (NYSE: PSFE) between March 4, 2025 and November 12, 2025, inclusive (the "Class Period"), of the important April 7, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Paysafe securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Paysafe's ecommerce business had significant exposure to a single high risk client; (2) as a result, Paysafe's credit loss reserves and/or write-offs were understated; (3) Paysafe had an undisclosed issue with higher risk Merchant Category Codes, making its client services difficult to bank; (4) the foregoing issues were likely to have a material negative impact on Paysafe's revenue growth and overall revenue mix; (5) as a result, Paysafe was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and (6) as a result of the foregoing, defendants' positive statements about Paysafe's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288559

Source: The Rosen Law Firm PA

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The ProShares - Ultra S&P 500 ETF (SSO 1.16%) and the Direxion Daily S&P 500 Bull 3X ETF (SPXL 1.78%) are both designed for investors seeking magnified daily moves of the S&P 500, using derivatives to achieve 2x and 3x daily returns, respectively.

This comparison highlights how the two funds stack up in terms of cost, risk, performance, and portfolio makeup for anyone considering leveraged S&P 500 exposure.

Snapshot (cost & size)MetricSSOSPXLIssuerProSharesDirexionExpense ratio0.87%0.84%1-yr return (as of March 14, 2026)33.75%45.08%Dividend yield0.68%0.69%Beta (5Y monthly)2.033.09AUM$6.8 billion$5.6 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months.

SPXL has the advantage on fees and income, with a marginally lower expense ratio and higher dividend yield. While these are factors to consider with any investment, they may be less important considerations for short-term trades like leveraged ETFs.

Performance & risk comparisonMetricSSOSPXLMax drawdown (5 y)-46.73%-63.80%Growth of $1,000 over 5 years$2,140$2,367What's insideSPXL is built for aggressive traders, aiming for three times the daily movement of the S&P 500. Its top holdings are in line with the S&P 500, with Nvidia, Apple, and Microsoft rounding out the top three. Like SSO, SPXL resets its leverage daily, which can cause its performance to diverge from the index over longer periods.

SSO, meanwhile, uses a similar leveraged strategy but targets 2x daily returns on the S&P 500. Both funds are designed for tactical trading — not long-term buy-and-hold investing — due to the compounding effects of daily leverage resets.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsBoth SSO and SPXL offer leveraged exposure to the S&P 500, increasing earning potential compared to a standard S&P 500 ETF that delivers returns in line with the index. However, they differ significantly in terms of their risk and reward profiles.

SPXL aims for triple the daily returns of the S&P 500, while SSO targets double the daily returns. This gives SPXL more potential for lucrative earnings, but it also carries much more risk.

Leveraged ETFs function best as very short-term investments. Typically, investors only hold them for a single trading day, or a few days at most. Because both funds reset their leverage daily, longer holds can substantially increase volatility.

If the S&P 500 is performing particularly well while you’re holding one of these ETFs, SPXL could maximize those earnings with its 3x daily leverage. But if the index performs poorly, you could see much steeper drawdowns with SPXL than you would with SSO.

When choosing between these two ETFs, the deciding factor will likely be how much risk you’re comfortable taking. If you’re willing to take a big swing in hopes of increasing your earning potential, SPXL could be the more lucrative of the two. For those looking to limit risk with a leveraged ETF, SSO could be the better option.

Katie Brockman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia and is short shares of Apple. The Motley Fool has a disclosure policy.

Founder-led digital healthcare upstart Omada Health (OMDA +3.64%) was launched to deliver between-visit guidance to patients with chronic conditions such as hypertension, high cholesterol, diabetes, obesity, or musculoskeletal problems. It went public in June 2025, and its shares have mostly struggled to get out of the gate -- which is fairly common among new initial public offerings. That said, the stock with an $800 million market cap offers multibagger prospects, with the potential to help make investors millionaires.

Helping with the "in between" What goes on between your visits to the doctor has a bigger impact on health than the appointments themselves. Things like poor eating habits, high prescription costs, lack of exercise, misunderstanding of care requirements, imperfect prescription adherence, and lack of community are all pitfalls that Omada's digital healthcare platform can help patients avoid. The company's mobile app has surpassed 40,000 monthly global downloads, quickly becoming the No. 1 app in this healthcare niche. Omada's app and programs offer access to health coaches, therapists, specialists, medical devices, one-on-one video calls and coaching, and food and exercise tracking and planning.

Image source: Getty Images.

While I was originally skeptical of these services, given the typically dismal adherence to programs like these, Omada has a growing array of data supporting its successful outcomes, such as:

Customer retention and satisfaction of 90%. Fifty percent member engagement after two years, which far exceeds that of other well-being programs. Its GLP-1-using members have documented 28% more weight loss than those not using Omada. Twice the number of GLP-1-using members who lost 5% of their body weight, as opposed to just a GLP-1 treatment alone. Similarly, members who stopped using a GLP-1 but continued using Omada regained only 1% of their body weight after a year, compared to 11% for non-Omada users. Omada grew sales by 53% in 2025 and saw profit margins rise from -16% to 6% in the fourth quarter, yet only trades at 3 times sales, making it a promising growth stock. It's never wise to bet on just one stock making you a millionaire, but this one sure looks like it could help you get rich.

Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Omada Health. The Motley Fool has a disclosure policy.