Šéf společnosti Canary Capital Steven McClurg očekává, že výnos desetiletých amerických státních dluhopisů může během čtyř let dosáhnout 8 %, což by podle něj podpořilo zájem o Bitcoin ETF.
Canary Capital CEO Steven McClurg sees an opportunity in Bitcoin (CRYPTO:BTC) and other alternative assets even as he warns that 10-year U.S. Treasury yields could reach 8% within four years. His argument: rising borrowing costs could pressure debt-dependent companies and long-duration bonds, encouraging investors to seek alternatives — including cryptocurrency.
"The alternatives are TIPS, well-capitalized companies, commodities, and crypto (which do not issue debt)," McClurg said in an interview with Benzinga.
In his investment thesis, McClurg argues that persistent government borrowing, defense spending and the capital-intensive AI build-out could sustain upward pressure on long-term yields.
Why McClurg Is Watching BitcoinHigher interest rates can weigh on companies that rely on borrowing to fund operations and expansion. Meanwhile, rising yields can hurt existing bond prices, particularly those of longer-duration securities.
McClurg believes investors could look beyond these traditional investments toward assets that do not carry the same debt obligations.
His Bitcoin thesis also rests on global liquidity rather than a simple comparison with equities.
"Bitcoin has time periods correlated to equities, but most time periods are not. The greater correlation is to Global M2 money supply, which is currently growing at a 7% clip, and could grow more if central banks have to print their way out of debt," he said.
That distinction matters because higher interest rates do not automatically benefit Bitcoin. If tighter financial conditions strengthen the dollar, raise real yields or reduce investors’ appetite for risk, cryptocurrency prices could come under pressure even as government debt expands.
Bitcoin ETFs Offer a Regulated Investment RouteInvestors looking for exchange-traded exposure to Bitcoin could examine the iShares Bitcoin Trust ETF (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC). Both seek to track Bitcoin’s price, allowing investors to gain exposure through brokerage accounts without directly managing cryptocurrency custody, and both carry a 0.25% sponsor fee.
Asked wthether he would rather own Bitcoin directly through a spot ETF or does he see a stronger opportunity elsewhere in the digital-asset ecosystem, if his higher-rate scenario plays out, he said that he prefers ETFs.
"ETFs generally charge no fees to trade with a $.01-.02 spread (2-4bps)," he said, contrasting them with exchange trading fees that he said could reach 40–150 basis points at Coinbase Global Inc (NASDAQ:COIN). Actual costs vary by platform, transaction size and market conditions, and ETF investors still pay fund expenses and bid-ask spreads.
The Liquidity QuestionMcClurg’s outlook ultimately depends partly on how global money supply evolves. If central banks expand liquidity to manage mounting debt burdens, Bitcoin could benefit under his thesis. But that outcome is not guaranteed, and Bitcoin remains a volatile asset rather than a dependable hedge against rising rates.
For ETF investors, the key question is whether expanding global liquidity can support Bitcoin even as higher Treasury yields make conventional income-producing investments more attractive.
On-chain burza perpetuálních futures Papertrade po spuštění zaznamenala během necelých 10 minut otevřený zájem v bitcoinových futures ve výši 3 miliard USD a objem obchodů 14,4 miliardy USD.
Papertrade, a fully on-chain perpetual futures exchange built on HyperEVM, went live on October 10, 2026. Bitcoin futures open interest on the platform climbed to $3 billion shortly after launch.
A fast start, measured in notional dollars Trading opened at 10 a.m. ET, or 14:00 UTC. In under 10 minutes, the exchange had recorded $14.4 billion in notional trading volume.
Ether futures open interest reached $2.66 billion, trailing Bitcoin’s $3 billion. Activity was concentrated almost entirely in those two markets.
Open interest is the total value of positions still open at a given moment. Volume counts every trade, including positions opened and closed seconds later. Both figures are notional, meaning they reflect the full size of leveraged bets rather than the cash traders actually posted.
That distinction matters a lot here. Papertrade offers leverage of up to 1,000x on its synthetic perpetual contracts.
At 1,000x, a trader can control $1,000 of exposure with $1 of margin. So billions in notional activity can rest on a far smaller pool of real deposits.
Before launch, the exchange collected pre-deposits estimated at approximately $85 million to $138 million. That money came from more than 11,000 addresses.
How the machine is built Papertrade does not use a traditional orderbook. Positions open and close atomically, in a single step, rather than being matched against resting orders from other traders.
Prices are pulled from the midpoint of Hyperliquid’s best bid and offer. The design aims to avoid slippage and conventional trading fees.
To handle expected launch-day congestion, initial trades were routed through Papertrade’s own frontend. Whitelisted relayers supported that flow.
Risk limits are built in. Each market side carries $1 billion in open-interest headroom, and individual positions are capped at $10 million in atomic size.
The house starts with nothing The most unusual feature sits on the other side of every trade. Papertrade’s house liquidity pool began empty.
That pool is meant to grow as traders lose money. Losing positions feed the house, and the house pays out winners.
The model therefore leans on trader losses or delayed settlement to fund payouts. Combined trader balances and house liquidity are not all available to pay winning trades.
The exchange also carries a profit haircut, or asymmetric profit-and-loss fee, inherited from earlier trading models. In plain terms, winners may not walk away with their full gross gain.
A token minted from losses Papertrade’s native token, PAPER, launched with no initial supply. It comes into existence only when traders realize losses.
While the liquidity pool holds less than $2 million, the protocol mints 100 PAPER for every $1 lost. That rate declines as the pool grows.
Transfers are restricted. Initially, PAPER can only be moved for staking.
What this means for traders and rival venues Papertrade runs on HyperEVM and prices off Hyperliquid, so it is effectively layering a new risk model on top of an existing market’s price discovery. Pricing is only as reliable as the reference market, and any disruption on Hyperliquid’s side could flow straight into Papertrade’s contracts.
The house liquidity pool starts at zero and is fine when traders lose on aggregate. A sharp, one-directional move in Bitcoin or Ether could flip that, with payouts depending on delayed settlement and the haircut mechanics.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Sentiment institucionálních investorů vůči XRP na burzách Binance a Bybit klesl do extrémně medvědího pásma; objem krátkých taker obchodů s futures za posledních 24 hodin dosáhl 1,18 miliardy USD, což představovalo 52,23 % celkové taker aktivity.
XRP smart money sentiment on Binance and Bybit has turned bearish, while the market attempts to recover from recent lows.
Coinglass data shows that smart money sentiment on both derivatives exchanges has fallen to extremely bearish levels, which has raised concerns about whether XRP can maintain its latest recovery.
The bearish outlook comes as XRP regains the $1.40 price level after losing approximately 14% of its value in just 48 hours. Although buyers have started pushing prices higher, smart money traders are doubtful that the recovery will last.
OKX is the only exception among the three major derivatives exchanges, as its smart money sentiment remains neutral. This presents some relief, but the overall picture remains negative.
XRP Smart Money Sentiment flips Extremely Bearish on Binance and OKX XRP Retail and Whale Traders Remain Bullish Retail traders and whale accounts across Binance, OKX, and Bybit show a different outlook, with several groups maintaining bullish positions despite the negative XRP smart money standing.
On Binance, retail traders have a long/short ratio of 2.41, which Coinglass classifies as bullish. Whale accounts are even more optimistic, with a 2.82 ratio, indicating extremely bullish sentiment. Binance whale position holders also maintain a bullish outlook, with a long/short ratio of 1.82.
OKX has a more mixed trend. Retail traders record a long/short ratio of 3.06, which translates to extreme bullishness.
However, whale accounts have a ratio of 0.92, suggesting a nearly neutral outlook. Whale positions are even more bearish, with the ratio falling to 0.37, a level Coinglass classifies as extremely bearish.
Bybit records strong bullish sentiment among both retail traders and whale accounts. Retail traders have a long/short ratio of 3.80, while whale accounts post a reading of 3.78. Coinglass rates both figures as extremely bullish.
However, Bybit whale positions show a more balanced outlook, with a ratio of 0.97, which falls within the neutral range.
XRP Futures Short Volume Moves Ahead of Long Volume XRP futures trading data also shows continued selling pressure. Over the past 24 hours, short taker volume reached $1.18 billion, accounting for 52.23% of total taker activity. Long taker volume stood at $1.08 billion, representing the remaining 47.77%.
Although the difference between the two sides is relatively small, short sellers currently hold the advantage. This trend also aligns with the bearish signals from smart money traders on Binance and Bybit.
XRP Recovers to $1.41 After Sudden Correction This comes despite the recent recovery attempt. For context, XRP fell from $1.52 on Oct. 6 to a local low of $1.31 on Oct. 8, losing about 14% of its value within 48 hours. The decline put pressure on the token before buyers stepped in and helped it recover.
XRP has since climbed to $1.4075. It has recorded four consecutive green four-hour candlesticks over the last 16 hours, which shows that buying activity has picked up, allowing the token to regain the $1.40 level.
XRP breaks above descending channel on 4hr chart The recovery has also pushed XRP above the upper trendline of the descending channel that formed during the Oct. 6-8 correction. This move could support further gains if buyers maintain their momentum.
However, the recovery remains at risk if buying pressure weakens. XRP could fall toward $1.37, a level near the upper trendline of the former descending channel. A break below $1.37 would push the token back inside the channel and could lead to further losses.
DMI Shows Bears Still Have the Advantage The Directional Movement Index (DMI) also shows continued bearish pressure on XRP, although the latest readings suggest that selling momentum is starting to ease.
The positive directional indicator (+DI) stands at 15.13 and is moving higher, suggesting that buyers are beginning to gain some control over price action. However, the negative directional indicator (-DI) remains much higher at 31.46.
Meanwhile, the Average Directional Index (ADX) stands at 41.11, which indicates that the prevailing trend remains strong. However, both the -DI and ADX are declining, suggesting that bearish pressure is gradually weakening.
For XRP bulls to strengthen the recovery and challenge the bearish smart money outlook, the token must hold above the $1.37 support level. Buyers would also need to push the +DI decisively above the -DI to confirm a change in momentum.
Agentic payments on the XRP Ledger (XRPL) have recorded a rapid surge, surpassing 13 million transactions, according to Chandler Fang, cofounder of t54ai and previously a product lead at Ripple. Fang noted this growth in a recent X post, describing faster-than-anticipated adoption of agent-driven payments across the XRPL ecosystem.
Transaction growth and merchant adoptionFang pointed out that agentic payment volumes have soared from roughly 1 million transactions in July to over 13 million as of early October. This sharp rise highlights strong momentum in onchain settlement facilitated by merchant agents on XRPL.
Ripplex is a core developer arm within Ripple focusing on the expansion and technical advancement of the XRP Ledger, a decentralized blockchain network designed for fast, low-fee value transfer between currencies.
J.A. Akinyele, RippleX head of engineering, stated that the XRPL has processed 13,489,468 agentic transactions supported by 168 participating x402 merchants at present. These transactions have collectively settled 6,982.32 XRP and 12,009.98 RLUSD, Ripple’s stablecoin pegged to the US dollar.
Akinyele had previously predicted that agentic transactions would cross 10 million, a benchmark now significantly exceeded. He now sees 100 million agentic transactions as a “sooner-than-expected” milestone for the XRPL network.
Mini dictionary: x402 merchants are service providers authorized on the XRPL to facilitate agentic onchain payments using the x402 protocol, which enables autonomous agents to transact with digital assets automatically.
Date/PeriodTransactionsx402 MerchantsXRP SettledRLUSD SettledJuly 2024~1,000,000Not specifiedNot specifiedNot specifiedCurrent (Oct 2026)13,489,4681686,982.3212,009.98Real-world usage and future outlookFang envisions that with the 13 million transaction milestone achieved, the next stage for agentic payments will bring more real-world merchants and services onto the blockchain. He anticipates this growth will be supported by autonomous agents handling payments in both XRP and RLUSD, settling transactions via the x402 protocol directly on the XRPL.
Developers and agents are already utilizing XRP Ledger’s AI toolkit to pay for APIs, data access, and compute resources, which enables the creation of new onchain products and services.
Agentic payments on the XRP Ledger have grown from 1 million to over 13 million in just a few months, with hundreds of merchants now participating and settling in XRP and RLUSD.
Akinyele discussed these developments at the XRP Seoul 2026 conference, which convened last week. In his keynote, he focused on the expanding role of the AI Agent Economy and its potential to impact not just payments but also broader digital services running on the XRPL.
Akinyele also stated that these agentic payments now represent approximately 25% of all activities recorded on the XRP Ledger, underlining the growing importance of automated agents within the network.
Infrastructure advancements to support growthIn response to surging demand, Ripple is actively developing infrastructure customized for agents. According to Akinyele, these features include verifiable digital identities, strict permission and spending rule enforcement, and secure smart wallets. These enhancements are intended to facilitate safe and efficient settlement for both XRP and RLUSD, with confirmation typically completed in 3 to 5 seconds.
Ripple is building specialized agent infrastructure for verifiable identities, compliance controls, and fast-settling digital wallets to meet demand for agentic payments.
As autonomous payments and the integration of artificial intelligence accelerate, XRPL appears positioned to capture more real-world use cases, especially as network participation broadens and merchant integrations expand through agentic solutions.
Kripto para piyasasında meme coinlere yönelik ilginin azalması, Ethereum tabanlı Layer-2 ağı Robinhood Chain üzerinde ciddi bir hareketlilik kaybına neden oldu. Temmuz ayında faaliyete geçen ağda işlem hacmi yüzde 40’tan fazla gerilerken günlük işlem ücretlerinde yaklaşık yüzde 99’luk düşüş yaşandı. Özellikle meme coin işlemlerindeki yavaşlama, ağın sürdürülebilir büyümesine ilişkin soru işaretlerini artırırken yatırımcıların dikkatini blockchain üzerindeki güncel verilere çevirdi.
Robinhood Chain’de İşlem Hacmi Neden Düşüyor? Robinhood Chain, 1 Temmuz’daki lansmanının ardından kısa sürede yüksek işlem aktivitesine ulaşarak kripto para piyasasında dikkat çekmişti. Özellikle meme coin işlemlerine yönelik yoğun ilgi, ağdaki işlem sayısının ve işlem ücretlerinin hızla yükselmesini sağladı. Ancak son veriler, başlangıç dönemindeki güçlü hareketliliğin önemli ölçüde zayıfladığını gösteriyor. Ağ üzerindeki işlem hacminin yüzde 40’tan fazla gerilemesi, kullanıcı faaliyetlerinde belirgin bir yavaşlama yaşandığına işaret ediyor. Bu düşüşte meme coin piyasasındaki spekülatif işlemlerin azalması önemli bir etken olarak öne çıkıyor. Ağın gelecekteki performansı açısından kullanıcı ilgisinin yeniden artıp artmayacağı kritik önem taşıyor.
İlginizi Çekebilir: Standard Chartered Favorilerini Açıkladı: İşte 6 Altcoin!
Robinhood Chain üzerindeki gerilemenin en dikkat çekici göstergelerinden biri günlük işlem ücretlerinde yaşandı. Eylül ayının başında yaklaşık 8 milyon dolara ulaşan günlük işlem ücretleri, son dönemde 40 bin dolar seviyelerine kadar geriledi. Bu değişim, ağın günlük işlem ücretlerinde yaklaşık yüzde 99,5 oranında düşüş yaşandığını ortaya koyuyor. Aynı dönemde günlük işlem sayısı da 13,1 milyondan 6,5 milyona gerileyerek yaklaşık yüzde 50 azaldı. İşlem ücretlerindeki sert düşüş, ağ üzerindeki ekonomik faaliyetin önemli ölçüde yavaşladığını gösteriyor. Ancak ücret gelirlerindeki gerilemenin tamamını işlem sayısındaki azalmayla açıklamak mümkün değil. İşlem başına ödenen ücretlerdeki değişimler de toplam gelir üzerinde etkili olabilir.
Meme Coin Platformu Pons’ta İşlemler Yüzde 37 Azaldı Robinhood Chain ekosisteminde faaliyet gösteren meme coin platformu Pons da kripto para piyasasındaki yavaşlamadan önemli ölçüde etkilendi. Paylaşılan verilere göre platformun haftalık meme coin işlem hacmi yüzde 37 oranında gerileyerek yatırımcı ilgisindeki zayıflamayı ortaya koydu. Bu gelişme, meme coinlere yönelik talebin azalmasıyla Robinhood Chain üzerindeki işlem aktivitesindeki düşüşün aynı dönemde gerçekleştiğini gösteriyor. Özellikle ağın ilk dönemlerinde yoğun ilgi gören spekülatif işlemlerin azalması, platformdaki hareketliliğin önceki seviyelerin altında kalmasına neden oldu.
Kısa vadeli kazanç beklentisiyle gerçekleştirilen spekülatif işlemlerin azalması, meme coin odaklı platformların işlem hacimlerini ve ağ üzerindeki ekonomik faaliyetleri olumsuz etkileyebilir. Ayrıca yatırımcıların daha temkinli hareket etmesi ve yüksek riskli kripto varlıklara yönelik talebin zayıflaması, işlem aktivitesindeki toparlanmayı geciktirebilir. Bununla birlikte Pons üzerindeki yüzde 37’lik düşüş, tüm meme coin piyasasında aynı ölçüde gerileme yaşandığı anlamına gelmiyor. Önümüzdeki dönemde yatırımcı ilgisinin yeniden artması ve işlem hacimlerinin toparlanması, Robinhood Chain ekosisteminin kısa vadeli performansı açısından belirleyici olabilir.
Meme Coin Piyasasında Düşüş Devam Edecek mi? Robinhood Chain üzerindeki son veriler, meme coin odaklı işlem hareketliliğinin sürdürülebilirliği konusunda önemli soru işaretleri oluşturuyor. Ağın işlem hacmindeki yüzde 40’ı aşan düşüş ve günlük ücretlerdeki yaklaşık yüzde 99’luk gerileme, ilk dönemlerde görülen yoğun ilginin önemli ölçüde azaldığına işaret ediyor. Genel değerlendirmede Robinhood Chain’in yeniden güçlü bir büyüme ivmesi yakalayabilmesi için işlem aktivitesinin toparlanması ve kullanıcı talebinin artması gerekiyor. Özellikle meme coin platformlarındaki işlem hacimleri, günlük aktif kullanıcı sayısı ve ağ ücretlerindeki değişimler, önümüzdeki dönemde yakından takip edilecek göstergeler arasında bulunuyor. Ancak mevcut veriler, meme coin piyasasındaki düşüşün kalıcı olduğunu söylemek için tek başına yeterli değil.
Son Dakika kripto para haberleri için hemen tıkla.
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Extreme bullish positioning in the derivatives market can cut both ways.
Notably, Ethereum’s [ETH] current market structure is a good example. According to the data from CoinGlass, over $177 million in ETH long positions were liquidated on the 8th of October, which marked the largest long squeeze since early June.
With this in mind, ETH’s derivatives market may be set up for another squeeze. Lookonchain recently highlighted that smart trader, with a reported 100% win rate and $9.26 million in total profits, is back in action. After the market dip, the trader opened a 20x leveraged long position on 12,000 ETH worth $29.88 million. The position is now sitting on an unrealized profit of $626,000.
Source: X The key takeaway? Other traders are leaning bullish too.
Bitfinex whales’ ETH long positions are rising, while the Ethereum Long/Short Ratio crossed above 1 for the first time after three days of negative readings. This points to a shift toward bullish positioning. However, if too many traders crowd into long, another sharp move lower could trigger a fresh wave of liquidations.
From a technical lens, with Ethereum [ETH] down 8% this week, the violent bullish positioning may lead to another bull trap, potentially pushing the price toward $2.1k if support breaks. But does this aggressive long positioning mean that traders are anticipating a catalyst that the broader market has yet to price in?
Ethereum: Hidden catalyst or crowded trade? Ethereum’s recent weakness may not be ETH-specific, as altcoin rotation could be behind the sell-off too.
Technically speaking, ETH is down almost 8% in the week, while Solana [SOL] has corrected by over 9%. Moreover, Bitcoin dominance has climbed back above 60%, putting pressure on the altcoins. However, if BTC.D fails to break through this resistance again; it could clear the path for an altcoin recovery, which may explain why traders are still building bullish Ethereum positions.
On the supply side note, Binance’s ETH reserves have reduced from nearly 4 million to below 3.5 million, thus recording a 6-month low. The drop in the ETH reserves on Binance may add to upward pressure on the price if Bitcoin dominance fails to rise and capital rotation begins to take place back into altcoins.
Source: CryptoQuant Given this setup, Ethereum’s bullish positioning could be more than a fluke.
On-chain liquidity across Ethereum also remains strong. According to Token Terminal, Ethereum added $243.4 million in stablecoin market cap over the last seven days, leading all networks. This could encourage fresh buying activity, particularly with ETH reserves on exchanges continuing to deplete, which could reduce selling pressure, giving bulls more breathing room to rally prices.
This makes the current setup different from the previous extended squeeze. If capital continues to flow into ETH, a breakout in the ETH/BTC pair could serve as the next catalyst for upside. This indicates that traders are positioning ahead of a potential shift in momentum that the broader market has yet to price in.
Final Summary Rising ETH longs increase liquidation risks, but falling exchange reserves could support a recovery. Growing stablecoin liquidity and a possible drop in Bitcoin dominance could boost ETH if capital flows back into altcoins.
Výzkumník Etherea Justin Drake varoval, že AI by v nejhorším případě mohla během několika měsíců prolomit matematiku a kryptografické podpisy chránící peněženky Bitcoinu i Etherea.
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This week, Ethereum researchers warned AI could break the signatures securing Bitcoin and Ethereum "in months, not years" in the worst case, well before quantum computers arrive.
This information didn't sit well with early Bitcoin pioneer and Blockstream CEO Adam Back, who criticized Ethereum's early design decisions in an X post.
Back was particularly critical of Ethereum's early developers, describing them as inexperienced, saying that they "reimplemented around an obviously broken architecture" despite warning attempts.
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The Blockstream CEO believes Bitcoin's pseudonymous creator Satoshi Nakamoto's choice of the Unspent Transaction Output (UTXO) model for the BTC network reflected a deeper understanding of distributed systems and peer-to-peer network design.
"It's almost like Satoshi knew something about distributed systems," Back said in support of Bitcoin's UTXO model.
@seal_kiman @UtxoSaint It's almost like Satoshi knew something about distributed systems (or network / p2p programming) as the UTXO model is well-designed for avoiding them. .eth's were young, naive, no experience/wisdom, reimplemented around an obviously broken architecture. Tried to warn them 🤷♂️
— Adam Back (@adam3us) October 10, 2026 UTXO in this context is short for "Unspent Transaction Output" model, which works like physical cash, where discrete coins or outputs are spent and new ones are created, used by blockchains such as Bitcoin and Cardano.
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Ethereum does not use UTXO but rather utilizes an account-based model (similar to a traditional bank ledger), where each user or smart contract has a persistent balance and state that updates directly with each transaction.
While Ethereum currently relies on accounts, ETH researchers have proposed experimental frameworks to introduce optional UTXO-style features, such as Ethereum Improvement Proposal EIP-8141, which introduces a new transaction type (0x06, or Frame Transactions) designed to achieve native account abstraction and post-quantum readiness.
What happened?Ethereum researcher Justin Drake, in an X post on Wednesday, told the crypto industry to start preparing for "bunker mode," warning that artificial intelligence could find a way to break the mathematics protecting Bitcoin and Ethereum wallets in the worst case "in months, not years."
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Accordingly, Drake urged large holders to begin a gradual move of their funds to fresh addresses.
Ethereum co-founder Vitalik Buterin weighed in on Drake's take, saying he wouldn't recommend anyone scramble to move their funds to new wallets at the moment, but added that the risk from AI-accelerated math remains something that should be taken seriously.
"I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography but also potentially AI-vulnerable cryptography," Buterin wrote on X.
Cardano zaznamenalo 27 500, respektive 27 200 denně aktivních adres, což je zhruba o 70 % více než zářijový průměr ve všední dny. Kumulativní počet transakcí překročil 125 milionů.
Cardano price rose 6.80% to $0.257 over 24 hours on Saturday, outperforming Bitcoin as network activity increased.
ADA is above $0.25, placing the $0.30 mark back in the spotlight following 20% gains in the last month.
On October 7 and 8, Santiment recorded 27,500 and 27,200 daily active addresses, respectively. Both readings were roughly 70% above September’s weekday average, reflecting a rise in addresses sending or receiving ADA.
Bitcoin price remained close to $82,800, Ethereum price was close to $2,494, and XRP was close to $1.40.
Cardano’s On-Chain Activity Surges as Active Addresses Jump The Cardano network is experiencing increased activity, with the number of daily active addresses increasing significantly above the weekday average in September. On the 7th and 8th of October, Santiment reported about 27,500 active addresses and 27,200, respectively. Both the readings were approximately 1.7 times the September weekday readings, which was more interaction of the public blockchain.
Another milestone of the network, which was launched in 2017, is the data indicated by CardanoScan, which is that cumulative transactions have surpassed 125 million. A previous snapshot had epoch 660 transactions close to 450,000, as compared to 130,000 to 160,000 in recent epochs.
In the meantime, a report on October 3 with reference to DeFiLlama pegged the volume of the weekly decentralized exchanges at 37.14 million, which is 112% higher. SundaeSwap recorded $23.51 million and Minswap recorded $6.59 million in the same seven days period.
Will Cardano Price Reach $0.30 After Reclaiming $0.25? The ADA price surged to $0.256 on October 10, with its latest four-hour candle showing a 0.79% gain. The cardano price has regained its position above the $0.230 level and has surged again above the highlighted $0.250 level.
The first resistance target is at $0.27. Four consecutive hours in the close position above that might open up a retest of the recent level of $0.280. The ADA long-range prediction target is at $0.300, which is equal to the upper horizontal level and upward projection.
The support level of $0.250 offers a starting point of support following the rebound that crossed the level. A lower level would reexpose the area of $0.230 and undermine the short term recovery situation.
Source: TradingView The MACD line was close to minus 0.002 above its signal line, which is around minus 0.004. Its positive 0.002 histogram indicates the momentum can be improved. The two lines were however, below zero, and the momentum recovery was not complete.
The Chaikin Money Flow also increased to 0.09 having fallen to the negative side.
TLDR: Cardano price rose nearly 7% on Oct. 10 and reached about $0.256 after a short-window rebound. ADA reclaimed the $0.2353 moving average and $0.2359 Fibonacci level, while reported volume fell 34.86%, leaving the breakout short of strong confirmation. Daily active addresses reached 27,500 and 27,200 on Oct. 7–8 after CIP-0113 launched, but ADA fell roughly 13% over that same period. Analyst Andreou’s $0.90 scenario remains conditional: ADA must hold the 0.22–0.25 base, reclaim 0.30–0.35, then clear higher resistance zones. Cardano’s ADA token climbed 7% on Oct. 10, trading near $0.256 as buyers returned to the market. The Cardano price gain outpaced major cryptocurrencies during the session. The rebound followed an October decline, making this a recovery attempt rather than a confirmed trend reversal.
Cardano price analysis reveal ADA reclaimed its 30-day average near $0.2353 and the 50% Fibonacci level around $0.2359. But reported trading volume fell 34.86%, leaving buyers to prove they can defend the breakout. Network activity had increased earlier in the week.
Cardano (ADA) Price Cardano Price Rebound Tests Support as Volume Remains Thin The reclaimed average and retracement level now form a short-term checkpoint. A drop below them would weaken the breakout case. The support band extends from $0.2359 to $0.2276.
Holding that area could leave room for a test of weekly Supertrend resistance near $0.2762. The Cardano price would need a daily close above $0.256 to show that buyers can sustain the bounce. A rejection at that level would raise the risk of a false breakout.
Volume remains a key concern. The 34.86% decline suggests the rally drew less participation than its price move implied. The figure varies by exchange and measurement window, but the direction argues for caution. The Altcoin Season Index rose 5.17% to 61, pointing to stronger relative demand for alternative tokens. That measure describes rotation; it does not prove capital will stay in ADA.
Bitcoin traded near $82,800, a level that matters for altcoins. Spot Bitcoin ETFs shed $729 million over two days, adding pressure to risk assets. Renewed selling could again put ADA support levels under strain.
The immediate test is twofold: defend reclaimed levels and attract stronger spot volume. Until both happen, the Cardano price recovery remains technically constructive but unconfirmed.
Source: Santiment ADA Active Addresses Rose After CIP-0113, Then Price Fell Santiment reported about 27,500 daily active Cardano addresses on Oct. 7 and 27,200 on Oct. 8, around 1.7 times September’s weekday average. The increase coincided with CIP-0113 going live on mainnet on Oct. 7. The standard enables programmable tokens with issuer-defined rules. The Cardano Foundation says issuers can add KYC checks, sanctions screening, and transfer restrictions to native tokens. Wallets and explorers can handle these assets like other Cardano tokens. The standard required no protocol hard fork.
Coincidence does not establish that the upgrade caused the address spike. Santiment’s figures also showed Bitcoin and Ethereum addresses at or below September averages. Active addresses measure participation, not intent.
They cannot show whether users bought ADA, moved tokens, staked, or used applications. The Cardano price fell about 13% from the Oct. 6 close through Oct. 8, despite the increase. That divergence shows network use did not translate into immediate buying pressure.
The Cardano price bounce came on October 10, after both the activity increase and the selloff. It should not be attributed to CIP-0113 without evidence linking buyers to the upgrade. A lasting signal would require elevated addresses to persist beyond launch.
Source: X Analyst Giannis Andreou says initial support is present at 0.22–0.25 and first resistance at 0.30–0.35. A weekly reclaim and successful retest would strengthen that recovery case. Higher zones sit at 0.40–0.45 and 0.55–0.65. The $0.90 scenario depends on clearing each barrier, so it remains conditional. A sustained break below $0.22 would weaken the setup.
Cardano-linked privacy network Midnight expands its foothold in Japan following the listing of the NIGHT token on OKCoinJapan (OKJ), the Japan branch of OK Group, a global cryptocurrency exchange conglomerate that includes OKX and OKCoin.
In an X post that shared Midnight's X account's initial post, Input Output highlighted that more access is coming for Midnight in Japan, as the NIGHT token will be available on OKCoinJapan starting October 13, 2026.
More access to NIGHT in Japan. 🇯🇵 From October 13, NIGHT will be available on @OKCoinJapan, another step forward for @MidnightNtwrk's growing presence in Japan and its work to bring programmable privacy to everyone.
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— Input Output Group (@IOGroup) October 10, 2026 OKJ expands access to NIGHT in one of the world's most established digital asset markets, being a registered crypto-asset exchange in Japan. Following Midnight's listing on S.BLOX, this marks another step in Midnight's growing presence in Japan, bringing NIGHT to more users looking to explore privacy-enhancing infrastructure.
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In August 2026, Midnight's NIGHT token was listed on S.BLOX, a Sony Group company and the first exchange to support it in Japan. The new listing on OKJ is a major milestone for Midnight's expansion into the Japanese market, as it gives local users another way to access NIGHT.
This week, permissionless smart contract deployment went live on the Midnight mainnet, giving builders more freedom to deploy contracts directly and enabling applications to deploy contracts on behalf of users.
Cardano onchain activity picks upIn a recent post, Santiment corroborated that onchain activity for Cardano is picking up.
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ADA daily active addresses reached 27,500 on October 7, 2026, and 27,200 on October 8, about 1.7x the September weekday average, though still below the late August peak. The jump lined up with the CIP-0113 token standard going live on mainnet on October 7.
Cardano settled 542,551 transactions on October 8, according to Chainspect, which averages 6.28 TPS on its busiest day of the past seven days. In a major network milestone, Cardano has surpassed 125 million transactions on mainnet; almost 1 million transactions were added in the current epoch alone.
At the time of writing, Cardano's ADA was up 6.47% in the last 24 hours to $0.244 and up 4.07% weekly, according to CoinMarketCap data; Midnight was up 9% in the last 24 hours to $0.049 following the listing news.
Berkshire Hathaway zvýšila svůj podíl ve společnosti Lennar na zhruba 12 % v hodnotě asi 2,2 mld. USD, přestože tržby stavební firmy ve třetím čtvrtletí klesly o 8,5 %.
Berkshire Hathaway just spent nearly $200 million buying into a homebuilder whose CEO admits conditions have deteriorated, margins are shrinking, and almost half of visitors can't qualify for a mortgage. What does Warren Buffett's successor see that the market clearly…
On Oct. 1 and 2, as mortgage rates rose toward a three-year high, Berkshire Hathaway (NYSE:BRK-A | BRK-A Price Prediction)(NYSE:BRK-B) bought roughly 2.42 million more shares of Lennar (NYSE:LEN) for about $193 million, according to a Form 4 filed with the Securities and Exchange Commission. Berkshire now holds about 29 million Class A and Class B shares, a stake of roughly 12% worth about $2.2 billion.
Days later, Freddie Mac put the average 30-year fixed mortgage rate at 7.40%, its highest since November 2023 and the seventh straight weekly increase. Lennar closed Friday at $76.68, down 33.23% over the past year, after Barron’s flagged its worst drop since 2024. Short-seller Hunterbrook has also published a critical report on Lennar’s transactions with Millrose Properties (NYSE:MRP).
Berkshire hasn’t explained the purchase. My read: it is buying a homebuilder engineered to survive a long slump, at a price that already assumes one (we sorted Berkshire’s holdings by valuation and pulled the cheapest dividend payers into a free report).
America’s Biggest Builder Is Bleeding Margin Lennar’s third quarter was rough. Revenue fell 8.5% to $8.05 billion, and adjusted EPS of $1.23 missed the $1.30 consensus. Net income dropped 51.96%. Gross margin on home sales slipped to 15.8% from 17.5% a year earlier, even with incentives near 12% of price. Management cut full-year deliveries to 80,000 to 81,000 homes.
Stuart Miller, Lennar’s chief executive, said conditions had “deteriorated since our last earnings call.” The buyer’s math explains why. The 10-year Treasury yield hit 5.22% this week, and consumer sentiment came in at 51.7. In many Lennar markets, “almost 50% of our visitors cannot immediately qualify.”
Why Lennar Owns Almost None of Its Land Land is what bankrupted builders in 2008. They bought lots at peak prices, then wrote them down when demand collapsed. Lennar owns roughly 2% of its homesites and controls about 476,000 through third parties, mainly land bankers such as Millrose. Homebuilding debt is just 16.6% of total capital.
That turns Lennar into something closer to a manufacturer. Build time fell to a record 116 days, and construction costs are down 14% since late 2023. Miller says the entire margin gap comes from land contracted under older, costlier assumptions. Accepting thin margins, he argued, “we are buying volume” and “buying time,” working through a land challenge that is “finite” and “visible.”
The weak spot is the same structure. Land-light still costs money: option fees are rising as land-bank holding periods stretch, and deposits and pre-acquisition costs have reached $7.3 billion. That is exactly where Hunterbrook aimed its criticism.
Signals That Will Test Berkshire’s Conviction Lennar guided fourth-quarter gross margin to 15.5% to 16.0%, with 19,500 to 20,500 new orders. That outlook assumed mortgage rates near 6.8%. Rates are now well above that.
Keep an eye on three numbers in the next earnings report. If orders land inside guidance with rates above 7%, the volume machine is doing its job. If margin slips below 15.5%, it means rates are hitting faster than Lennar can work off old land. And if deposits keep rising while land-bank purchases are paused, the off-balance-sheet risk is getting bigger instead of contracting.
Berkshire’s money tells you a patient investor likes the design. It does not tell you the housing market has hit bottom. For the families who can’t qualify today, the trigger is the same one Lennar needs: lower rates.
Contact [email protected] for any questions or corrections.
Společnost Lumentum Holdings dosáhla hrubé marže 50 % při tržbách ve výši 1 mld. USD, čímž překonala dřívější cíle díky růstu objemu výroby, vysoké efektivitě výroby a silné cenotvorbě.
SummaryLumentum Holdings demonstrates accelerating revenue growth and margin expansion, driven by premium product offerings and operational efficiencies.LITE's Systems segment is outpacing Components, with key drivers including OCS solutions, 1.6T transceivers, and high-power lasers for CPO/NPO architectures.Gross margin reached 50% at $1B revenue—well ahead of previous targets—supported by scale, high manufacturing yields, and pricing power in a duopoly market.I maintain a BUY rating, citing strong growth catalysts from CPO/NPO, expanding optical TAM, and margin momentum despite elevated valuation and customer concentration risks. EschCollection/DigitalVision via Getty Images
Investment Thesis Since my last article about Lumentum Holdings (LITE), in which I detailed the company’s products and business lines, the stock price is up 15%. I pointed out that LITE has two growth cycles.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in LITE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
TRON nasadil na testovací síti Nile postkvantové podpisy a Justin Sun uvedl, že ochranu odolnou vůči kvantovým počítačům může kdykoli zavést na hlavní síti.
TRON had advanced its post-quantum security efforts, including deploying end-to-end post-quantum signature support on the Nile testnet, TRON founder Justin Sun said during a fireside chat with When Shift Happens founder Kevin Follonier.
The crypto entrepreneur said the network is closely following progress in quantum computing and AI and can bring quantum-resistant protections to mainnet at any time.
TRON's post-quantum cryptography is now live on testnet. We're closely tracking progress in quantum computing and AI, and we're ready to bring quantum resistance to mainnet at any time.
We're committed to keeping user assets secure, and TRON is set to be one of the few major…
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) October 10, 2026
He added that TRON aims to become one of the few major blockchains to implement quantum resistance before Q-Day, when sufficiently advanced quantum computers could potentially derive private keys from exposed public keys.
TRON’s Nile testnet enabled its first post-quantum signature algorithm, FN-DSA-512, earlier this year, opening the feature to developers for testing, Sun disclosed in July.
TRON plans to upgrade its entire network to quantum-resistant security by the end of 2026, Sun said at Bitcoin Asia 2026 in Hong Kong in August. Sun said the network had spent the previous year developing quantum-resistant mechanisms and released a quantum-resistant address solution in the first half of 2026.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
TRON ve 3. čtvrtletí 2026 zpracoval karetní transakce ve stablecoinech v hodnotě zhruba 998 milionů USD, což představovalo 23,2 % celkového objemu 4,31 miliardy USD.
Stablecoin card spending reached $4.31 billion in Q3 2026, and one network handled nearly a quarter of it. TRON processed approximately $998 million in card transactions, or 23.2% of the total, according to data from CryptoRank and Paymentscan reported on October 9, 2026.
The quarter by the numbers Total stablecoin card volume rose 33% from $3.24 billion in Q2 to $4.31 billion in Q3.
TRON led the pack with its roughly $998 million. The Base network came in second at around $636 million, and BNB Chain took third with about $469 million.
Together, those three networks accounted for nearly half of all stablecoin card volume during the quarter.
The most dramatic move came from further down the list. Tether’s Plasma payment network generated roughly $236 million in card volume, up about 250% from the prior quarter.
Why TRON keeps showing up in payments data A stablecoin card works like a prepaid or debit card, except the balance behind it is held in a dollar-pegged token such as USDT or USDC. When the user pays at a store, the card spends from that stablecoin balance. The underlying blockchain is where the money actually settles, which is why the CryptoRank and Paymentscan data breaks volume down by chain.
The research describes TRON as a pivotal liquidity and settlement layer for USDT, Tether’s dollar-pegged token. If a large share of the USDT supply already lives on TRON, card programs built around that token naturally route activity there.
What this means for the stablecoin payments race The research ties this growth to continued expansion in stablecoin card usage, notably USDT and USDC, amid persistent market volatility since 2024.
TRON’s position looks solid on paper, but a 23.2% share is a lead, not a lock. Base and BNB Chain together still outpaced TRON’s volume.
Plasma is the wildcard worth watching. A network backed by Tether, the issuer of USDT, posting roughly 250% quarterly growth hints that the stablecoin issuer itself may want a bigger role in payment rails.
There are also limits to what one quarter of data can tell anyone. Card volume is a single slice of stablecoin activity, and quarterly figures can swing with new product launches, promotions, or shifts in which issuers report through data providers.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Americké ministerstvo spravedlnosti prověřuje, zda společnost Binance porušila podmínky dohody z roku 2023, na jejímž základě burza souhlasila se zaplacením pokuty ve výši 4,3 miliardy USD.
Binance Coin (BNB) price is in focus after reports that the US Department of Justice (DOJ) is investigating whether Binance complied with a 2023 settlement deal. At press time, BNB traded at $748 with $1.12 billion in 24-hour trading volume.
DoJ Investigates Binance Compliance Agreement A report by Bloomberg noted that the US Department of Justice (DOJ is looking into whether Binance violated its settlement agreement with the US government.
The agreement included Binance paying a $4.3 billion fine to the US government. The exchange pleaded guilty to violating banking guidelines and also agreed to increase compliance controls.
“There is an ongoing investigation there that we are involved with… we’re not going to get into specifics about exactly what the status of the facts are, how it’s developing,” said the head of the DOJ’s criminal division, Tysen Duva.
The DOJ probe comes shortly after we reported that Binance is under fresh scrutiny for violating Iran sanctions by allowing certain trading on the exchange. However, Binance CEO Richard Teng criticised the accusations, saying the exchange has zero tolerance for sanctions violations.
Analysts Weigh in on BNB Price as ETF Inflows Spike Analyst Crypto Patel on X notes that BNB price currently trades above its accumulation zone between $350 and $525. He notes that the bullish leg after this breakout could push BNB price to $2,000.
However, other analysts note Binance Coin price is headed for a downtrend. Analyst Jesse Olson notes that the altcoin has created a sell signal on the daily chart that could trigger a drop to the $600 zone.
Another analyst dubbed Cryptorphic on X also notes that the short-term future BNB outlook is under pressure. If the price fails to reclaim the $746 zone, the analyst warns of a steeper drop to $674.
The mixed outlook comes as BNB ETFs record $98.89 million in inflows month-to-date. This marks the best-performing month for the ETFs since launching in May 2026.
Source: SoSoValue The rising inflows come after VanEck updated its spot BNB ETF to include staking, as earlier reported by CoinGape.
BNB Price Prediction: Key Levels to Watch The one-day chart shows that BNB price has dropped below the lower trendline of an ascending parallel channel. This drop suggests that the bullish momentum is becoming weak, and BNB price may record a trend reversal to the downside.
BNB now faces crucial support at the 61.8% Fib of $730. Breaking below this support could push Binance Coin to $681.
The AO bars also support a bearish price outlook. The RSI reading at 47 also shows that bears have a slight upper hand.
Source: TradingView BNB will confirm a resumption of the uptrend if it closes above the resistance at the midline of the ascending channel, with such a move set to pave the way for a move to $809.
Polkadot [DOT] has extended its bullish recovery by recording a 10.93% to $1.27 over the last 24 hours. The move comes just two days after the token price action rebounded from key EMA support at around $1.02.
Interestingly, the bullish advances follow a 54% reduction in annual token issuance and the launch of a native stablecoin, two developments that could strengthen the network’s long-term outlook.
At the same time, the network’s increasing Open Interest (OI) and a growing preference for leveraged long positions also point to increased trader participation. Could the token’s sustained buying pressure turn these developments into a lasting DOT recovery?
Tokenomics changes strengthen Polkadot’s outlook The reduction in annual token issuance marks a significant shift in Polkadot’s tokenomics. Fewer new tokens entering circulation equates to reduced selling pressure. Its circulating supply currently ranks 36th among the L1 tokens.
Source: Token Terminal Meanwhile, the launch of a native stablecoin could expand activity across the ecosystem. Stablecoins support payments, decentralized finance (DeFi) applications, and liquidity, potentially creating new use cases for Polkadot.
Together, these developments offer investors additional reasons to reassess DOT’s prospects after its prolonged price weakness.
Derivatives data reveals a strong preference for longs Zooming down to the Polkadot’s derivative data, its OI has also increased 15% to $78 million as of writing, suggesting traders are opening new positions as the token advances.
Source: Coinalyze Notably, long accounts now represent 73% of total leveraged positions, according to the recent Polkadot’s Long/Short data, suggesting that most traders and investors are betting on further gains for the token.
Source: Coinalyze Can DOT sustain its recovery above $1.27? On the daily chart, DOT has rebounded from support near $1.02 to reach $1.27, marking a notable improvement in its short-term structure. Besides, the token is now trading above all its key EMA support, pointing to potential buyer dominance continuation in the short run.
Holding above reclaimed support could strengthen the case for further gains, while renewed selling could expose the token to another test of lower levels.
All in all, Polkadot’s issuance reduction, stablecoin launch, and increased derivatives activity provide potential catalysts for continued price appreciation to $1.75.
Source: TradingView Final Summary DOT prices have jumped by 10.93% to $1.27, extending its two-day recovery from EMA support near $1.02. The recent network upgrade paired with surging open interests and buyer dominance, points to a continuation rally.
Hedera has expanded its real-world asset (RWA) ecosystem with the introduction of tokenized stocks, now accessible via HashPack and SODAX. This development offers users direct access to blockchain-based equity products, adding to the network’s growing presence in the RWA sector as tokenization of financial assets becomes more prominent in the global market.
Tokenized stocks debut on HederaThe RWA Foundation confirmed that tokenized stocks are available on the Hedera blockchain, allowing users to interact with the products through supported platforms such as HashPack and SODAX. Tokenization involves representing traditional assets like company shares on blockchain infrastructure, potentially enabling digital proof of ownership and settlement on a decentralized network.
With this rollout, Hedera aims to provide its community greater exposure to innovative financial products within its ecosystem. The announcement highlights Hedera’s move toward integrating real-world assets with blockchain technology, although specific details regarding the available stocks, trading parameters, and initial user demand remain undisclosed.
The addition of tokenized stocks is seen as a strategic effort to broaden the use cases of the Hedera network, which has focused on expanding beyond the confines of pure cryptocurrencies. Market observers will be watching closely to see how the offering is received and whether it drives further adoption.
Network activity hits weekly peakRecent data from Chainspect indicates that Hedera processed 807,383 transactions on October 8, reaching an average rate of 9.35 transactions per second. This figure represents the highest transaction activity recorded for the network within the past week.
Chainspect emphasized that on October 8, Hedera experienced its busiest day in terms of transaction volume for the week, with over 800,000 transactions processed at a steady pace.
Consistent growth in transaction numbers may point to sustained usage of the Hedera network, reflecting ongoing development within its application ecosystem. However, the report notes that transaction volume alone does not directly represent the actual trading of newly launched tokenized stocks or other applications on the platform.
For HBAR, the network’s native token, consistent network activity underscores its adoption trajectory, but it does not automatically translate to increased demand or price appreciation, since the nature of the underlying transactions is also a key factor.
HBAR price outlook and technical levelsAnalyst Giannis Andreou pointed out that the $0.0805–$0.0835 price range is a likely stability zone for HBAR, following a failed attempt to break above $0.131. He expects the cryptocurrency to consolidate within this band before any potential upward move.
Andreou sees initial consolidation in the $0.0805–$0.0835 band, with breakout levels at $0.0945, $0.1015, and $0.1085. If a higher move materializes, targets include $0.122, provided strong support forms first. A drop below $0.072 would reduce the likelihood of further upward movement.
The immediate outlook relies on whether HBAR can maintain key support. Establishing a firm price base is critical for any sustained recovery, and a fall below the designated invalidation level would challenge prospects for a reversal.
As price action and support levels play a defining role for HBAR, many investors are focusing on technological developments and macro signals. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Market observers continue to highlight that adoption and network activity, while positive, are only part of the equation. Ultimately, the direction for HBAR will depend on its price action in the coming sessions.
Obchodník převedl 1,79 milionu UNI v hodnotě 13,18 milionu USD z Venus Protocol na Binance; při tehdejší ceně by prodej znamenal ztrátu asi 3 milionů USD.
Since falling to a low of $7.00, Uniswap has exhibited upside momentum on the charts, closing at higher highs for two consecutive days.
In doing so, the altcoin rose to a local high of $7.54 before a slight slip. At the time of writing, Uniswap was trading at around $7.52 after rising slightly by 1.26%.
However, trading volume continued to decline, dropping by 47%. This hinted at reduced market activity as investors waited for a clear market direction across the board.
Uniswap whale transfers $13.18 million in UNI With Uniswap on its back foot, some whales may be choosing to exit too. According to Lookonchain, for instance, a trader withdrew 1.79 million UNI, worth $13.18 million, from Venus Protocol and deposited it on Binance.
The trader bought UNI a year ago at an average price of $9. After the recent rally, these holdings saw significant gains.
Source: Arkham However, following the latest trend reversal, the trader’s holdings were sitting at a loss at press time. If sold at the press time levels, he would realize approximately $3 million in losses.
The trader’s decision to make such a transfer could allude to a lack of confidence in the market. However, the transfer alone is not a confirmation that a sale occurred.
Typically, selling by large holders increases the available supply and can add further downside pressure.
Is the pressure cooling down? Despite the potential selling pressure from the trader, other investors, particularly in the spot market, appeared to have a different view of the market.
Source: Cryptoquant While Uniswap traded below $8, traders continued to accumulate the altcoin. According to CryptoQuant’s Exchange Netflow data, the metric remained negative for three consecutive days and continued to fall.
Over the past day, for example, the altcoin’s Exchange Netflow fell to a low of -624K. The declining Netflow suggested that more assets have recently left exchanges.
Source: Cryptoquant Spot Taker CVD further seemed to support this observation. The altcoin’s Taker CVD remained positive over the past week, suggesting that buyers extended their dominance.
Typically, sustained spot buying can absorb some of the selling pressure and help prevent further price declines.
What’s next for UNI? Although some buying activity has returned, the renewed demand has not been strong enough to trigger a trend reversal.
At the time of writing, the market was still leaning bearish. For instance, Uniswap’s Relative Strength Index (RSI) remained in bearish territory at 46.
At the same time, UNI traded below the 20-day EMA and was testing the 50-day EMA. Holding below the short-term MA could hint at the prevailing pressure, but the 50-day EMA could sit as a strong support.
Source: Tradingview The prevailing market conditions suggested that demand remains insufficient to trigger a notable rebound. This leaves the altcoin at a risk of further price drop or extended consolidation.
Having said that, Uniswap is likely to hover between $7.1 and $7.5. On the other side, if demand strengthens enough, the altcoin could reclaim $8 and target $8.2.
Final summary A trader withdrew 1.79 million UNI, worth $13.18 million, from Venus Protocol and then deposited it on Binance. Uniswap [UNI] rose slightly to $7.5, but the market momentum is still leaning bearish.
Injective's Trench Treasury Makes Its First BuyThe @injective Trench Treasury has made its first open-market purchase, acquiring 10% of the total supply of @NinjaCatSF $NINJACAT tokens. The move signals a deliberate cross-chain strategy from the Injective Foundation, which launched the treasury on October 5, 2026.
The NinjaCat purchase on October 8 marked the first time the treasury deployed capital into an actual token position.
A Solana Memecoin That Pays Out in INJNinjaCat is a cross-chain project with an unusual design. , creating a direct financial link between Solana-native token activity and the Injective ecosystem.
, rather than simply supporting projects for visibility alone.
The broader context matters here. The NinjaCat buy fits neatly into that strategy, using the Trench Treasury as an active instrument to deepen those cross-chain ties.
At the time of writing,
Sources:
Crypto Briefing: Injective Trench Treasury goes live with first INJ rewards
Injective Blog: How to Launch and Find Tokens with INJ on StonkFun
CoinMarketCap: Injective (INJ) Surges Amid Multiple Catalysts
Solana za sedm dní vygenerovala z dApps tržby ve výši 38,2 milionu USD, oproti 11,7 milionu USD na Ethereu; součet Etherea, Base, Polygonu a OP Mainnet přitom činil jen 21,2 milionu USD.
Solana generates $38.2 million in revenue on dApps in seven days, compared to Ethereum’s poor performance which no longer holds up, even when adding up its entire ecosystem. Are we witnessing the beginning of a new era in the crypto market?
In brief $38.2 million revenue on dApps for Solana in seven days, compared to $11.7 million for Ethereum. Ethereum, Base, Polygon and OP Mainnet combined make $21.2 million, compared to $38.2 million for Solana. In August 2026, Solana was already number 1 for the month with $143 million, or 38% of the total onchain according to DefiLlama. See you on October 31, 2026, for the month’s closing which will tell if this crypto lead still holds. Solana Outperforms Ethereum on dApps in 7 Days Solana earns more than three times what Ethereum earns on dApps in 7 days, $38.2 million versus $11.7 million according to Token Terminal, in a ranking published by Solana Hub on October 10, 2026. Hyperliquid, a very fast crypto trading platform, comes second with $14.8 million. Ethereum still makes the podium but not on the highest step.
Why follow this figure? Because it can signal strong activity that generates money for the crypto network, beyond the tokens we buy hoping for an increase. However, it does not count the number of orders placed. Also watch the scope because the ranking follows entities of different natures (blockchains, platforms, ecosystems), it does not compare ten identical blockchains.
RankNetworkApplication revenue over 7 days (million dollars)1Solana38.22Hyperliquid14.83Ethereum11.74BNB Chain6.65Base4.36Robinhood4.27Polygon4.08OP Mainnet1.29Avalanche0.87410Near0.665Source: Token Terminal, ranking published by Solana Hub on X, data from the last 7 days as of October 10, 2026. Why do Crypto Users and Developers Choose Solana? Because crypto transactions cost very little there and go through quickly, which allows trading applications to operate at large scale. In August 2026, two trading terminals, Axiom (about $24 million) and FOMO (about $14.6 million), generated nearly $38.6 million of the $143 million of application revenue for the month, according to DefiLlama. According to our calculations, that represents 27% of the total.
The effect is like a snowball because the more crypto traders trade, the more applications (dApps) earn. The more they earn, the more other teams come to build in the same place. Solana is also called monolithic; everything happens on a single chain, with a single reserve of money available for exchange. This can facilitate liquidity flow and transaction execution.
Is the Ethereum Ecosystem Underestimated by its Main Network? Partly. Over seven days, Ethereum with its $11.7 million, represents only a part of its ecosystem’s activity. Base ($4.3 million) and OP Mainnet ($1.2 million) are Ethereum Layer 2s, and Polygon ($4.0 million) is a neighboring network, whose PoS network has a distinct technical status from a classic Layer 2. According to our calculations, this extended scope totals $21.2 million. But even with this extended scope, Solana still holds a $17 million lead.
Crypto : Has Solana Definitively Beaten Ethereum? Not yet… A seven-day ranking does not prove a lasting reversal. Except that Solana is not new to success against Ethereum because in August 2026, it was already number 1 in dApp revenues, and the official crypto network account made this known on X:
Solana is number 1 for application revenues in August with $143M. 38% of all onchain application revenues.
But revenues don’t tell everything. They do not measure liquidity, security, value locked in applications (TVL), or the number of active users. Especially since Solana still has points to prove. These revenues mainly come from trading, so from an activity that follows the appetite for risky assets. So these performances will have to be watched over three to six months to know if they last.
The competition between Solana and Ethereum pushes the entire crypto sector to move faster, and Solana is no longer a mere challenger on dApp revenues. The real test will come at the month’s close, October 31, 2026. In your opinion, will Ethereum regain first place thanks to its Layer 2s, or is SOL the new king of dApps?
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Over the last few days, momentum across the broad crypto market has turned extremely bearish and Solana has also had its share of the downturn.
Amid the sudden market volatility, Solana and other major crypto assets have continued to record notable sell-off activity. Whale Alert has showcased data for one of such transactions, which may have just been a massive whale sellout.
Solana demand stallsAccording to the data, an unknown address has moved a total of 470,087 SOL worth over $51 million at Solana's current price to leading U.S. crypto exchange Coinbase.
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The large Solana transaction, which happened in a single transfer, did not go unnoticed, especially considering its timing, drawing attention from market analysts.
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Although the intention behind the transfer was not stated, market participants perceive the move as an attempt to sell, as tokens are often transferred to trading platforms like Coinbase for selling purposes.
The timing of the transfer also stirred speculation that the trader may be exiting the market out of caution amid the ongoing market volatility.
Solana remains under $110Despite surging to a high of around $123 earlier this month, momentum in the Solana ecosystem has weakened significantly after its price suddenly saw a sharp downturn, causing it to fall as low as $105 about two days ago.
Since this massive price drop, Solana has continued to trade below the $110 mark, as the sudden price reversal has stirred fear among traders who have continued to exit their positions.
While the market has continued to see large and small amounts of Solana returned to exchanges, Solana's chances of reclaiming its recent highs keep getting slimmer.
Celo na volném trhu odkoupilo přibližně 9,1 milionu tokenů CELO, včetně 600 000 tokenů za minulý týden. Na nákupy směřuje 100 % čistých příjmů sekvenceru a poplatků za plyn u stablecoinů.
Celo's Buyback Engine Keeps Running@Celo has now repurchased approximately 9,100,000 $CELO tokens from the open market, with around 600,000 of those tokens bought back in the past week alone. The pace underscores just how much momentum the protocol has built since its tokenomics overhaul earlier this year.
The buybacks stem directly from the CELOccelerate proposal, which , making it one of the most decisive votes in the network's history.
How the Mechanism WorksThe mechanics are straightforward. In practice, this means 100% of net sequencer revenue and stablecoin gas fees are continuously converted into $CELO purchases for the Community Fund.
The results have been notable beyond the buyback figures.
With buybacks compounding week over week and fee revenue continuing to climb, the CELOccelerate framework is increasingly looking like a model for how L2 protocols can tie token value directly to real network usage.
Sources:
CELOccelerate Tokenomics Proposal, Celo Governance Forum
Initiating Ongoing Celo Chain Revenue Transactions, Celo Governance Forum
Celo Token Transparency Filing, Blockworks
Conventional computers process information using bits, often represented as lines of binary code (0 or 1). Quantum computers use qubits to perform certain calculations in fundamentally different ways. Through a property known as superposition, qubits can exist in multiple states at the same time.
Quantum computing technology is promising to transform drug discovery, materials science, financial modeling, cybersecurity, and more. Given its various use cases, McKinsey estimates the quantum computing market could reach between $43 billion and $71 billion by 2035.
That opportunity has attracted enormous attention to pure-play quantum developers such as Rigetti Computing (RGTI -0.78%). Smart investors understand the difference between a revolutionary technology and buying a stock at an attractive valuation.
As of this writing (Oct. 8), Rigetti commands a market capitalization of roughly $4.7 billion despite generating relatively little revenue and no profits. Let's consider what Rigetti could look like in five years to assess if now is a good opportunity to buy the stock.
Image source: Getty Images.
Rigetti has promising technology, but lots of competition Rigetti specializes in superconducting quantum computers, an approach also being explored by technology giants such as Alphabet and IBM. This strategy centers on building quantum processors with modular chiplets, enabling multiple components to work together as systems scale.
Rigetti also operates its own fabrication facility and provides access to quantum computing through cloud-based services. This vertical integration gives the company considerable control over its technology stack.
Rigetti has also garnered the attention of major artificial intelligence (AI) infrastructure suppliers such as Hewlett Packard Enterprise, with which it is developing hybrid quantum-classical computing workflows. While these developments are encouraging, Rigetti faces stiff competition from IonQ, D-Wave Quantum, IBM, Google, and other quantum developers pursuing different technological approaches. Given the nascent state of quantum computing, no one knows which architecture will ultimately dominate.
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Rigetti's financials reveal a glaring problem Rigetti generated just $5.1 million in revenue during the second quarter while reporting an operating loss of $28.1 million. The company's net loss reached $52.6 million, although most of it was attributable to noncash accounting adjustments.
The company finished June with approximately $541 million in cash and investments and no debt besides some minor operating leases. That's reassuring, given that quantum computing requires substantial spending on research and development (R&D) and engineering.
Nevertheless, the company trades at a price-to-sales (P/S) ratio of 394. That's an unsustainable valuation for any business, let alone one without consistent profitability.
That leads me to my next concern: liquidity. Rigetti has been issuing stock over the past year to help fund the operation. If the company's outstanding share count continues to balloon to fund research, existing investors will own progressively smaller percentages of the business. This means the technology could succeed without shareholders necessarily enjoying equally spectacular returns.
RGTI Shares Outstanding (Quarterly) data by YCharts
Where could Rigetti stock be in 2031? Let's consider two scenarios. Suppose Rigetti generates $500 million in annual revenue by 2031 and commands a more mature valuation of 10 times sales. That produces a $5 billion market capitalization. In other words, Rigetti could increase annual revenue by nearly 7x compared to its trailing-12-month sales and still trade around today's valuation.
Now, imagine quantum computing becomes a major commercial opportunity by the next decade, and Rigetti evolves into a key supplier. If the company reaches $1 billion in revenue and still trades at 10 times sales, the company's market capitalization would reach $10 billion. This implies roughly 113% upside from today's level. With shares currently trading around $14, that bullish scenario implies a future stock price around $30.
While the math shows Rigetti's stock could double, both scenarios require exceptional execution and broader adoption of quantum computing within a relatively tight time frame. This is precisely why I wouldn't chase Rigetti simply because quantum computing sounds like an exciting opportunity.
This analysis is meant to show how Rigetti's valuation already prices in significant commercial success. For investors willing to tolerate volatility and uncertainty, Rigetti stock could be a speculative hold rather than a compelling long-term buy at today's price. For investors seeking broader exposure to artificial intelligence (AI) and who want to participate in the potential upside of quantum computing, blue chip stocks like Alphabet or IBM are a better bet.
Pound to Dollar Forecast: UBS Targets $1.41 as Goldman Sachs Sees $1.28 UBS expects the Pound to recover against the US Dollar, but Goldman Sachs sees renewed weakness as banks diverge over Sterling's prospects for 2027. UBS and Goldman Sachs are pointing in opposite directions for the Pound to Dollar exchange rate in 2027, with targets of $1.41 and $1.28 exposing a disagreement over Sterling's ability to recover.
GBP/USD ended Friday near $1.3233, after losing 2.1% in September.
UBS's 8 October forecasts put the pair at 1.38 in December 2026 and 1.41 in both June and September 2027.
Goldman's 7 October projections allow for little immediate progress, with 1.33 at three months, around January 2027, followed by 1.28 at 12 months, around October 2027.
The longer targets are approximately comparable rather than identical dates, but the disagreement is already evident near the turn of the year.
Crédit Agricole adds a different path: weakness to 1.31 in December 2026 before a recovery to 1.39 by December 2027.
Image: GBP to USD weekly exchange rate chart (5-9 October) UBS recovery depends on a weaker Dollar The latest UBS projections retain the path outlined in our September coverage of its Sterling recovery call.
Its currency table points to a broad retreat in the Dollar, with the Euro also appreciating against the US currency while the Pound makes little lasting progress against the Euro.
Our reading is that the $1.41 target requires a change in the Dollar's fortunes more than a broad reassessment of Sterling alone.
UBS also expects the Bank of England to raise rates to 4.25% by March 2027 and hold them there through September, when its projected Federal Reserve rate midpoint falls to 3.88%.
That would turn the present small US policy-rate advantage into a UK advantage, making Sterling's relative return more attractive.
The BoE's September decision left Bank Rate at 3.75%, although three of its nine policymakers already wanted an increase.
Goldman's lower currency target nevertheless sits alongside a fairly restrained Fed outlook, rather than an expectation of repeated US tightening.
Goldman says: "We expect the Fed to deliver one more 25bp hike in December to a peak policy rate range of 4.00-4.25%, though we see a strong chance that the Fed will ultimately conclude that additional rate hikes are unnecessary."
It also expects US activity to remain resilient: "In the US, we expect real GDP growth of 2.3% on a Q4/Q4 basis in 2026, largely reflecting the continued boost from the AI boom."
UBS and Goldman therefore share a similar near-term Fed peak despite opposite Sterling calls, showing how little the interest-rate forecast alone resolves their currency disagreement.
Crédit Agricole sees UK risks delaying the rebound Crédit Agricole's 9 October assessment is more explicit about why Sterling could struggle first.
"We maintain a cautious GBP/USD outlook from current levels that is consistent with our constructive USD outlook. The GBP could remain a pressure valve for anxious market participants fretting about the impact of persistent stagflation risks on the UK economic, monetary and fiscal outlook."
Weak growth alongside persistent inflation leaves the UK facing a difficult combination: tighter policy can support Sterling's interest-rate appeal while increasing pressure on borrowers and public finances.
The bank sees a near-term test in the coming week's UK output figures: "For starters, we believe that incoming UK data like next week's GDP data for August could highlight the fragility of the economy to tightening financial conditions and persistent stagflationary headwinds."
It nevertheless sees reasons that pessimism may eventually become excessive.
"We also believe that some negatives are already priced into the GBP, especially vs the EUR, however, given that the Eurozone would have to deal with the consequences from the negative energy supply shock in the wake of the Iran war as well. We further note that the GBP is already looking oversold while global investors seem underinvested in UK assets."
On the Dollar side, Crédit Agricole links continued support to investment demand, rather than interest rates alone.
"The USD should remain supported also by persistent portfolio flows linked to the US economic outperformance vs other major economies in Asia and Europe. Robust economic outlook & sticky inflation have already boosted Fed policy rate expectations and the USD's rate appeal, suggesting that positives are already in the price and this could limit the currency upside."
"US policy uncertainty could linger and fiscal dominance fears could resurface as well, but not before the US economy starts to cool down in 2027. Such risks are still more than offset by the AI boom & thus the US exceptionalism narrative and could keep the USD in demand in the next three to six months."
Microsoft ve fiskálním roce 2026 zvýšil kapitálové výdaje na 116 mld. USD, zatímco celkové tržby vzrostly meziročně o 17 % a tržby Microsoft Cloud o 27 %.
Few can dispute the success that Satya Nadella has had as CEO of Microsoft (MSFT +2.38%). Since he took the top job at the company in February 2014, its stock price has increased by about 1,360%. Factor in the value of reinvested dividends during that time, and Microsoft's total return was about 1,670%.
Nonetheless, thanks to the massive capital expenditures required to stay competitive in the AI and cloud computing realms, its near-term outlook seems more unpredictable. Should investors expect lower returns in the years to come, or could that heavy spending maintain or accelerate this cloud stock's gains?
Image source: The Motley Fool.
One need only look at the trend in its capex figures to become concerned about this issue. In Microsoft's fiscal 2026 (which ended June 30), its capex was $116 billion, well above the $65 billion in the prior fiscal year or the $44 billion in fiscal 2024.
This rapidly climbing spending is not unique to Microsoft, which has the second-largest share of the global cloud infrastructure market. Its largest cloud competitor, Amazon, is on track to spend $220 billion in capex in 2026, while Alphabet, owner of third-place player Google Cloud, plans to spend approximately $200 billion.
However, in Microsoft's case, the improvements may be marginal. In fiscal 2026, revenue increased by 17%. That was only slightly above its 15% gain in fiscal 2025.
Moreover, Microsoft Cloud increased revenue by 27% year over year in fiscal 2026, a level unchanged from the prior year. And despite those gains, Microsoft's share price performance is on track to lag the S&P 500 (^GSPC +0.59%) for a third straight year.
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Microsoft's revenue growth also compares unfavorably with its peers, at least so far this fiscal year. In the first half of 2026, Amazon Web Services' revenue grew by 31% year over year, compared with 17% growth in the first two quarters of 2025. During the same periods, Google Cloud experienced a 73% revenue gain, far above its 30% increase in the prior-year period.
To be fair, Microsoft has not published Azure's revenue growth in the past, something it plans to do in the future. Nonetheless, we know that it has surpassed $100 billion for the first time on an annual basis, and in fiscal Q4, it increased by 43%. That indicates its investment may have gained more traction than the Microsoft Cloud numbers imply.
In terms of P/E ratios, Microsoft is the highest, though Amazon's and Alphabet's earnings multiples were skewed lower by one-time benefits relating to their gains on investments in other companies. Microsoft's forward P/E is the lowest at 27, but given the fact that its peers trade at only a slight premium, that may not be enough to lead investors to choose Microsoft stock.
CompanyP/E Ratio (TTM)P/E Ratio (Forward)Microsoft3027Amazon2131Alphabet1829 Data source: YCharts. TTM = trailing 12 months.
Microsoft's AI spending Given the effects of AI spending, investors should probably expect continued increases, though not at the same pace. Indeed, its growth rates remain brisk, and early indications suggest Microsoft has seen some increases.
However, Microsoft has underperformed the S&P 500 in recent years. Additionally, given the numbers revealed to the public, one has to assume Amazon and Alphabet have gained more traction from their AI spending. When their valuations are factored in, Microsoft's largest cloud peers are likely better buys right now.
Adobe letos očekává upravený zisk na akcii ve výši 24,45 až 24,50 USD a tržby kolem 26,6 mld. USD; akcie se obchodují zhruba 65 % pod listopadovým maximem z roku 2021.
A decade ago, shares of Adobe (ADBE +0.51%) closed at about $109. Today, they trade near $243 as I write. That's a rise of about 123%, enough to turn a $10,000 investment into about $22,300.
It seems OK until you compare it to the market. In the same period, $10,000 in an S&P 500 (^GSPC +0.59%) index fund (with dividends reinvested) rose to around $42,100, a gain of about 321%.
And because Adobe doesn't pay a dividend, its stock price is the full return.
In other words, the creative software company has returned less than half as much as the broad market over the last decade. But its business kept growing all along. I think the gap boils down to how much investors were paying for Adobe's profits -- not the profits themselves.
Image source: The Motley Fool.
The lag is all from the past five yearsIn the first half of the decade, Adobe was one of the market's big winners. The stock closed at a record $688.37 in November 2021, more than six times its October 2016 price.
An S&P 500 index fund climbed around 138% over the same stretch.
Since then, the two have switched places. The index fund is up about 77% from that November 2021 close, but Adobe stock is about 65% off its peak.
Shares have dropped about 31% in 2026 alone, from roughly $350 when last year ended.
Much of this year's slide came as investors worried that artificial intelligence (AI) might disrupt software companies. AI agents could take over some of the work businesses pay for one seat at a time, and Adobe sells many of its subscriptions that way. By mid-January, Adobe was already among the S&P 500's worst performers of 2026 as software stocks sold off on these fears.
Earnings kept risingShowing how much Adobe grew under the surface, the company made $3.01 a share on a non-GAAP (adjusted) basis in fiscal 2016. Five years later, that number was $12.48, and revenue had almost tripled, from $5.85 billion to $15.79 billion. For this fiscal year, management's target calls for adjusted earnings per share between $24.45 and $24.50, on around $26.6 billion in revenue. That's about eight times the fiscal 2016 level.
True, growth has slowed. Adjusted earnings per share compounded at around 33% a year from fiscal 2016 to fiscal 2021, versus about 14% a year since then if Adobe reaches this year's target.
Part of the fall in the stock's valuation was arguably deserved. But the slowdown hasn't become a decline. Revenue has grown 12% to 13% year over year in all three quarters Adobe has reported this fiscal year.
And in the fiscal third quarter of 2026 (the period ended Aug. 28, 2026), Adobe's adjusted earnings per share rose 15% over the year-ago quarter, to $6.13. Annualized recurring revenue from its AI-first products grew more than 150%.
The valuation is where the decade went. In October 2016, investors paid around 36 times Adobe's fiscal 2016 adjusted earnings per share. At the November 2021 high, the stock cost about 55 times its fiscal 2021 adjusted earnings.
Today's price is around 10 times this year's adjusted earnings target.
In other words, earnings per share are on track to grow about eightfold, while the price of each dollar of those earnings has fallen by about 73%. Together, these two numbers explain the stock's 123% gain.
What does 10 times earnings ask of Adobe?I'd say a valuation of around 10 times adjusted earnings asks very little of Adobe. It's the sort of price the market tends to put on a business it expects to stall or shrink.
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Adobe's earnings per share are still growing at a double-digit rate. If its valuation multiple just stays around 10 times adjusted earnings, shares may climb about as fast as earnings per share from here.
Sure, the risk is that AI one day does to Adobe's growth what the market fears. Management's own target already calls for total annualized recurring revenue to climb 10.2% this year, a little slower than revenue. If that rate keeps falling toward the low single digits, today's price-to-earnings ratio might turn out to be fair.
In the end, I think the past decade says more about the price investors paid in 2021 than about the business. Back then, Adobe stock cost over 50 times adjusted earnings and needed almost everything to go right. Today it needs much less.
I'd consider buying Adobe stock today. But with AI's long-term impact on Adobe's customers still unknown, I'd start with a small position.
Americká administrativa pozastavila Microsoftu a dalším technologickým firmám přístup k programu ministerstva práce, který umožňuje sponzorovat zahraniční pracovníky při získávání trvalého pobytu.
JD Vance froze Microsoft and several tech giants from a key immigration program, citing a pattern of bad-faith hiring that he says replaced American workers with foreign ones. Then, hours later, President Trump handed Microsoft's CEO a medal at the…
The Associated Press reported the announcement. Vice President JD Vance announced on Thursday, October 8, 2026 that the administration is freezing Microsoft (NASDAQ:MSFT | MSFT Price Prediction) and several other firms from a Labor Department program used to sponsor foreign workers for permanent residency. He spoke at a news conference of the administration’s Fraud Task Force at the Eisenhower Executive Office Building. Labor Secretary Keith Sonderling, White House deputy chief of staff Stephen Miller and Attorney General Todd Blanche also attended.
AP News reported that besides Microsoft, Vance named Adobe (NASDAQ:ADBE) and six tech consulting firms: Cognizant (NASDAQ:CTSH), Infosys (NYSE:INFY), Tata, Wipro, HCL and Capgemini.
How the Green Card Program Works and What Vance Alleges Before a company can apply to the Labor Department to sponsor a foreign worker for a green card, the program requires it to advertise the job in the United States. The point is to show that no American workers are available. This is the first step toward an employer-sponsored green card. It is separate from H-1B visas, which are temporary, and the suspension applies only to the green card sponsorship program.
JD Vance described how he says the advertising step is abused: “They’ll put an advertisement in a small-town newspaper. They’ll go out there and say that ‘We have advertised for a position with our company, and nobody is responding to it.’ And they will use that lack of response to then go and replace American workers with what is effectively foreign indentured servants.”
The fraud claim rests on that mechanism. Vance focused his objection on the hiring process. His claim is that the search for American applicants was run in bad faith, and he explained his phrase by saying these workers must leave the country if they lose their jobs, and they earn less than Americans in the same position.
Vance’s Numbers Compared With Government Data AP News reported that Vance said Microsoft laid off 6,000 American workers in the year he cited, while obtaining 6,300 H-1B visas and almost 3,000 green cards. JD Vance addressed the layoffs. He said that for every worker laid off, Microsoft brought in “one and a half foreign indentured servants.” He added that “there has been no company in the United States, unfortunately, that has used this system more than Microsoft.”
AP News checked that claim. Citing US Citizenship and Immigration Services data, AP News reported that Microsoft ranks No. 5 among US employers in H-1B usage and Amazon (NASDAQ:AMZN) ranks No. 1. That ranking measures H-1B usage, while Vance was talking about the green card sponsorship program, and the two do not line up exactly, so the ranking tests his claim without ruling it out.
Microsoft’s Response Microsoft said that 80% of the approximately 6,000 H-1B applications it filed in its most recent fiscal year were to extend or change the status of existing employees. Microsoft said the rest went to people already legally in the United States, equal to 1% of its US workforce. “They are not new arrivals to our country,” the company said. Microsoft added that it “only files H-1B petitions for those who meet the rigorous standards of this visa category.”
The two sides are counting different things. A visa renewal for an engineer who has worked at Microsoft for years shows up in the same statistic as a new hire from abroad.
Criticism From Both Sides Doug Rand, a former senior adviser at US Citizenship and Immigration Services, called the announcement “incoherent.” His reasoning: “Once you have a green card, you’re no longer dependent on your employer for your immigration status.”
Ron Hira, a Howard University professor, called the move “very significant.” He pointed to an executive order issued in September 2026 that tells agencies to protect American workers from abuse of the program. On worker protections, he said: “That’s never been enforced.”
Universities and Visa Fees Are Also Targets AP News reported that Vance named nine universities he said deserved investigation for J-1 visa fraud: Harvard, Yale, Stanford, Brown, the University of Pittsburgh, UC Davis, Caltech, Arizona State and MIT. Several have received subpoenas. Others said they would comply or review documents.
On October 7, 2026, the Department of Homeland Security proposed a $70,000 fee for international students seeking to work in the US, AP News reported. AP News reported that an earlier attempt to raise the H-1B fee to $100,000 was struck down by a federal judge in June. Per AP News, a proposed $103,265 replacement fee is not yet final and is expected to face a legal challenge.
Same-Day White House Medal for Microsoft’s CEO AP News reported that hours after the announcement, President Donald Trump awarded Microsoft CEO Satya Nadella the National Medal of Technology and Innovation at a White House event honoring several technology executives.
What Is Still Unknown? None of the coverage we reviewed identified the legal authority behind the suspension or said how long it will last. AP reported that the other companies did not immediately answering to its messages. It is also unclear whether any company will challenge the suspension in court.
Contact [email protected] for any questions or corrections.
SummaryT-Mobile is rated BUY with Moderate–High Confidence, offering 30–40% upside to a $220 YE2028 fair value.TMUS trades at ~9.7x 2026E adj. FCF, with a 2.8% dividend yield and robust share buybacks supporting per-share value creation.Growth is moderating, but TMUS remains the industry leader in cash flow growth, leveraging network advantages and efficiency initiatives.Key risks include intensifying competition, rising churn, and the need for disciplined capital allocation amid elevated debt levels. Getty Images
Summary BUY | Confidence: Moderate to High (75%)
T-Mobile (TMUS) closed trading at $167.65 per share (+1.04% on the day) as of market close today, October 7, 2026.
While TMUS no longer screens as cheap versus peers (nor
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
SummaryAccenture is undervalued at $203, trading at 14x FY2027 EPS guidance, despite AI-driven fears and resilient financials.AI poses real disruption, but ACN is adapting, growing advanced AI bookings, and shifting to fixed-price, outcome-based contracts.FY2026 saw $74.2B revenue, $84.5B in bookings, 3% organic growth, expanding margins, and $11.6B in FCF; management guides for continued growth.My base-case fair value is $280, reflecting a 38% upside, as ACN only needs to stabilize, not return to historical growth rates. ABRAHAM GONZALEZ FERNANDEZ/E+ via Getty Images
Accenture plc (ACN) has crashed over the last few years. It trades around 2019 levels because investors seem to think that in the age of AI, no one needs consultants.
It's a given
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ACN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
According to Salus monitoring, the attacker behind the Triple-A breach has transferred 4,970 ETH to Tornado Cash, worth around $12.4 million. The attacker routed two separate fund streams through a single wallet, depositing the funds into Tornado Cash via 49 transactions of 100 ETH each and 7 transactions of 10 ETH each. One of the streams includes funds that were previously withdrawn from a mixer. On July 27, stablecoin payment infrastructure Triple-A was hacked, with total losses totaling approximately $11.8 million.
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Trump: I have made enormous contributions to world peace, and it is unbelievable that I was not selected for the Nobel Peace Prize.
Trump posted on Truth Social, stating: "I ended 8 wars, and 2 more are set to end or be resolved. I freed all Israeli hostages, including the last 28 survivors and victims. I released hundreds of hostages from around the world and sent them back home. I won the Venezuela conflict, captured the dictator who tyrannically ruled the country, and prevented Iran—the world’s leading state sponsor of terrorism—from acquiring nuclear weapons—wait a minute! Yet despite all I and the U.S. have accomplished, I did not receive the Nobel Peace Prize. It’s truly unbelievable!"
BWX Technologies získala kontrakt v hodnotě 189 milionů USD na výrobu a dodávky paliva pro jaderné reaktory amerického námořnictva, jehož plnění potrvá do srpna 2027.
As electricity demand rises and energy security becomes more important, the Department of Energy is creating a pathway for advanced small modular reactors, microreactors, and the specialized fuel they need. As nuclear energy stages a comeback, investors have an excellent opportunity to invest in the growing nuclear industry.
BWX Technologies (BWXT +1.13%) doesn't need to wait for the next generation of reactors to succeed. The company has spent decades manufacturing critical nuclear components and nuclear fuel for the U.S. Navy. Its latest $189 million contract reminds us that BWXT can win by doing what it has long done best.
Image source: Getty Images.
BWX Technologies has been working on compact nuclear reactors for decades Nuclear energy is enjoying a comeback, and small modular reactor (SMR) developers have been a top focus for investors. That's because SMRs could change how nuclear energy is deployed and provide off-grid power for data centers and industrial operators.
Companies like Oklo, NuScale, and X-Energy are actively working with regulators to create a pathway for these next-generation nuclear technologies. While SMRs could change nuclear energy, the technology won't be widely available commercially until the 2030s.
The concept of small, modular nuclear power is rooted in the Navy, where space constraints and durability requirements demanded compact reactor cores. U.S. Navy submarines, including Virginia-class attack vessels and Ohio-class ballistic missile submarines, rely on these specialized naval reactors to operate for decades without refueling. BWX Technologies has spent decades manufacturing these compact reactor components for the U.S. military.
BWXT is the only company that manufactures fuel for the U.S. Navy BWXT holds a unique position as the only company licensed to manufacture both naval nuclear reactor components and specialized fuel for the entire U.S. Navy fleet of submarines and aircraft carriers.
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Unlike commercial SMRs, which utilize low-enriched uranium (LEU) or high-assay low-enriched uranium (HALEU), the naval program uses weapons-grade, highly enriched uranium containing roughly 93% uranium-235.
Because of the sensitive nature of this nuclear fuel, regulatory oversight is stringent, and a special security clearance is required. Through its Nuclear Fuel Services subsidiary in Erwin, Tennessee, BWXT processes this fuel and fabricates reactor cores, giving the company an unrivaled industrial base.
BWXT's recent contract win builds on its strong backlog On Oct. 1, the U.S. Naval Nuclear Propulsion Program awarded BWXT a contract worth about $189 million for Nuclear Fuel Services to manufacture and deliver naval reactor fuel through August 2027. This fuel directly supports propulsion systems aboard active and next-generation vessels, including Virginia-class attack submarines, incoming Columbia-class ballistic missile submarines, and Gerald R. Ford-class supercarriers.
BWX Technologies is in an enviable position as the only nuclear component and fuel supplier for the U.S. Navy and has been working on compact reactors for decades. Its massive defense backlog helps insulate it from economic downturns and provides revenue visibility for years to come.
For investors looking for exposure to the growing nuclear industry, BWX Technologies is a more compelling option than speculative SMR start-ups right now.
Arbitrum recorded the largest increase in stablecoin market capitalization among blockchain networks within the past 24 hours, adding $127 million. This surge points to rising stablecoin liquidity on the network, which analysts say could stimulate trading activity and expand decentralized finance (DeFi) participation.
Stablecoin growth and DeFi implicationsFigures shared by RWA Foundation, an organization focused on advancing real-world asset adoption in blockchain, show Arbitrum outpacing other major blockchain networks in stablecoin market-cap growth during the latest daily period. Stablecoins, which are digital tokens pegged to the value of fiat currencies such as the US dollar, serve as a backbone for DeFi, supporting trading, lending, and value transfers.
Rising stablecoin availability on Arbitrum may enhance the capital pool accessible to decentralized exchanges and lending protocols. This development could also make the network more appealing for users seeking lower transaction fees compared to some alternative blockchains.
However, growth in stablecoin capitalization does not guarantee immediate or sustained network activity. The reported increase reflects a climb in stablecoin supply rather than confirmed inflows or active usage of the Arbitrum ecosystem.
Stablecoin liquidity remains a vital component of DeFi services, as users often rely on these dollar-pegged assets to protect against volatility and to facilitate trades efficiently.
A broader stablecoin base allows decentralized applications on Arbitrum to tap into larger reserves of capital, which could foster deeper participation and more robust market activity. Analysts note that if stablecoin growth is paired with elevated transaction and lending volumes, it would indicate more active ecosystem engagement.
Importantly, the presence of additional liquidity on Arbitrum does not necessarily mean immediate value accrual for its governance token, ARB. The ecosystem could expand operationally even if direct demand for ARB remains unchanged.
Sustained growth in both stablecoins and on-chain applications would present a stronger case for long-term network adoption compared to a single day’s metric.
Mini dictionary: RWA Foundation — A non-profit group driving the integration of real-world assets such as stablecoins and tokenized securities with blockchain technology, aiming to bridge traditional and digital finance.
Analyst view: Key technical level for ARBCrypto analyst Bitcoinmeraklsi identified a potential inverse head-and-shoulders pattern emerging on the ARB token’s chart. In this technical setup, the neckline acts as a key resistance, and Bitcoinmeraklsi highlighted $0.23 as the level to watch.
The analyst noted that ARB has tested the presumed right-shoulder support and responded positively. If ARB manages to break above the $0.23 resistance, a bullish confirmation could follow, potentially attracting more buyers.
Bitcoinmeraklsi points to $0.23 as the neckline for an inverse head-and-shoulders formation, stressing that a decisive breakout could give bulls the upper hand and improve the technical setup for ARB.
However, failure to clear this resistance would leave the pattern unconfirmed. A decline through the right-shoulder support would weaken the optimistic scenario, emphasizing the technical importance of the $0.23 area for ARB’s direction.
TokenResistance LevelPattern TypeIndicatorARB$0.23Inverse head-and-shouldersBreakout needed for confirmationNetwork adoption outlookArbitrum’s increase in stablecoin assets highlights a positive development within its ecosystem. However, for ARB’s price prospects, analysts are monitoring whether the token can definitively surpass the resistance identified in technical analysis.
If stablecoin growth supports higher and lasting DeFi participation, it could reinforce the case for wider network adoption. Still, for ARB itself, a convincing move above $0.23 would provide a clearer signal to the market.
Until any breakout materializes, sector observers suggest stablecoin momentum and price structure should be viewed separately—one demonstrates network usage potential, while the other reveals investor appetite for the ARB token.
Jamie Dimon označil kybernetická rizika spojená s AI za jednu z největších hrozeb pro JPMorgan. SentinelOne zvýšil ARR o 22 % na 1,2 miliardy USD, zatímco ARR z produktů s AI se téměř ztrojilo.
With a market capitalization of almost $900 billion, JPMorgan Chase (JPM +0.47%) is the world's largest investment bank by a wide margin. Chief executive officer Jamie Dimon has been at the helm for over 20 years, successfully steering the bank through the global financial crisis, the European debt crisis, the COVID-19 pandemic, and many other economic shocks.
In a letter to shareholders released in April, Dimon named cyber risk as one of the biggest threats to JPMorgan, primarily because artificial intelligence (AI) is laying the foundation for increasingly sophisticated attacks. He reiterated his stance in an interview with Bloomberg last Tuesday but said cyber risk has increased tenfold since his letter, following the release of Anthropic's Mythos AI models, which can autonomously uncover vulnerabilities in any corporate network.
Cybersecurity stocks are soaring this year as investors price in much higher demand. SentinelOne (S +3.42%) developed a holistic AI-powered platform called Singularity, which protects enterprises from top to bottom. Its stock is still one of the cheapest in the industry.
Here's why it could be a great buy as the cybersecurity industry tackles the AI threat.
Image source: Getty Images.
AI is creating multidimensional risks AI can be a powerful tool for enterprises, helping improve productivity, but it also creates new attack surfaces. Every time businesses deploy chatbots, agents, or other applications, they leave their sensitive internal data and valuable digital assets exposed to cyber threats, underscoring the importance of modern cybersecurity.
SentinelOne's Singularity platform protects cloud networks, employee identities, endpoints (computers and devices), and everything in between. Its priority is to prevent breaches, but it also includes several remediation tools to help enterprises restore their digital infrastructure in the event of a successful attack, thereby minimizing downtime. Singularity also features a built-in AI assistant called Purple AI, which uses advanced reasoning to autonomously investigate threats and take action when necessary.
SentinelOne has developed a portfolio of new tools specifically designed to protect enterprises during AI deployments. Prompt Security, for example, defends against a new technique called prompt injection, where hackers try to trick chatbots and agents into handing over sensitive data by disguising their malicious requests as legitimate commands. Prompt Security also logs every AI application used internally, so it immediately knows if an unauthorized app is circulating on the corporate network.
Revenue from AI-related products is soaring SentinelOne saw $1.2 billion in annual recurring revenue (ARR) at the end of its fiscal 2027 second quarter (which concluded on July 31), a 22% increase from the year-ago period. However, the ARR attributed to its AI products, such as Prompt Security and Purple AI, almost tripled, indicating that customers are clearly investing heavily in next-generation protection.
A notable portion of that growth appears to have been organic, because SentinelOne actually decreased its sales and marketing spending during the second quarter. In other words, it seems customers were actively seeking AI-related protection, which bodes well for demand going forward.
Although SentinelOne trimmed its marketing costs in the second quarter, it ramped up its research and development spending by 27% to fund its innovation pipeline. As a result, its operating costs increased overall, leading to a generally accepted accounting principles (GAAP) net loss of $93.4 million.
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Shareholders might be willing to endure SentinelOne's losses as long as they are paying off in the form of blistering fast AI-related revenue growth. But profits will have to follow in the future, or the company might have to raise more money through debt or equity financing, which could be a headwind for investors' returns.
SentinelOne is much cheaper than its peers SentinelOne stock is trading at a price-to-sales (P/S) ratio of 7.7 as I write this (Oct. 7), making it significantly cheaper than its rivals Palo Alto Networks and CrowdStrike, which have P/S ratios of 26.8 and 50.5, respectively.
CRWD PS Ratio data by YCharts
Both Palo Alto and CrowdStrike generate significantly more revenue than SentinelOne, so they have a much bigger market share. And CrowdStrike specifically is growing faster; its ARR jumped 25% to $5.8 billion in its most recent quarter. As a result, these vendors deserve to trade at premium valuations.
However, I would argue that the valuation gap is currently too wide, given the momentum in SentinelOne's AI product portfolio. I'm not suggesting it will ever match the valuations of Palo Alto or CrowdStrike, but there is certainly some room for upside.
After all, Jamie Dimon is definitely not the only CEO of a major company making cybersecurity a top priority right now. AI-related threats could force every public and private organization to spend more on protection in the coming years, making this the biggest opportunity in SentinelOne's history.
Synopsys uzavřel s Amazonem smlouvu v hodnotě více než 1 miliardy USD na licencování IP pro čipy a zvýšil výhled růstu tržeb do FY2030 na složené roční tempo růstu ve středních „náctých“ procentech.
Electronic design automation (EDA) company Synopsys NASDAQ: SNPS has recently experienced a resurgence in investor sentiment. Through mid-September, Synopsys shares were down more than 20% year-to-date (YTD). Since hitting its September low, the stock has surged more than 30%, putting shares in the green for the year.
Several key developments have aided the stock’s recovery, including an over $1 billion deal with Amazon NASDAQ: AMZN and a development deal with OpenAI. These events signal a potential inflection point in the stock’s trajectory, as Synopsys has so far been a chronic underperformer during the AI investment wave.
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Understanding Synopsys’ UnderperformanceSynopsys’ poor 2026 performance has been a microcosm of its longer-term underperformance during the AI investment era. From the beginning of 2023 through its September low, Synopsys shares returned just 15%. The stock’s recent surge lifts this figure to approximately 56%, but this is still far from impressive. Over the same period, the S&P 500’s return is approximately 110%, and the S&P 500 tech sector has returned around 225%.
Synopsys, Inc. (SNPS) Price Chart for Saturday, October, 10, 2026
Synopsys’ underperformance has been due to several factors. This includes weakness at Intel’s NASDAQ: INTC Foundry business, which has faced delays and has struggled to secure large contracts for its most advanced nodes. This hurts Synopsys’ intellectual property (IP) business because it invested significantly in developing these chips, but it only receives payment once customers commit to Intel’s technology.
There has also been a fear among some investors that AI tools could supplant current EDA tools, hurting demand longer-term. Luckily for Synopsys, the firm’s latest developments push back on these risks.
Synopsys Unlocks New IP Demand With AmazonSynopsys has signed an over $1 billion deal with Amazon, primarily based around its IP business. The deal includes a $1 billion license fee that allows Amazon to use Synopsys’ IP across multiple generations of its Graviton, Trainium, and Nitro chips. On top of this, Synopsys will receive a customization fee and royalties, which are part of its new application optimized IP (AoIP) business model. Synopsys’ traditional standards-based IP model only includes licensing and nonrecurring engineering fees.
With the AoIP model, Synopsys’ goal is that royalties, where it receives payment for each chip produced, will exceed license fees long-term. This provides much more upside to each AoIP agreement. The Amazon deal also helps mitigate the weakness at Intel’s Foundry because Amazon is already deploying its custom chips at scale, providing more certainty around royalty revenue. However, this applies to future generation chips, meaning royalties will not kick in for over a year from now.
By fiscal year 2030 (FY2030), Synopsys expects to generate $1 billion in AoIP revenue. Importantly, it bases this forecast only on current contracts and commitments, implying room for long-term upside potential. This deal demonstrates the importance of Synopsys’ IP for businesses pursuing long-term custom chip roadmaps. Additionally, the new AoIP model shows the company is exerting pricing power through customization and royalties, a strong positive signal.
OpenAI and Synopsys Partner to Accelerate Chip DevelopmentThe company’s deal with OpenAI also has significant implications. Together, the two firms will develop GPT-Synopsys, “a specialized model for chip design that brings together OpenAI's frontier AI with Synopsys' trusted EDA tools and chip design expertise.” Essentially, the companies will train a model that can operate Synopsys’ EDA tools, thereby accelerating the chip development process.
This is important because chip design involves running many experiments and then iterating until engineers find the best design. This creates a bottleneck where humans can only run so many experiments at once. By allowing engineers to autonomously explore a much greater range of designs, OpenAI co-founder Greg Brockman argues that companies can shave weeks or months off the design process.
Synopsys argues that this will expand its total addressable market because AI will use more of its EDA tools. This could also accelerate its IP business, as companies can bring newer chips into production faster. The deal also directly pushes back on the idea that AI models will displace EDA tools, as OpenAI itself clearly sees a need to leverage Synopsys’ expertise.
Synopsys Raises Outlook After Finding New Growth VectorsAmid these developments, Synopsys significantly raised its long-term guidance. Through FY2030, it now expects revenue to increase by a mid-teens compound annual growth rate, up from "double digits" before. The firm also targets an adjusted operating margin of 50% by FY2030, a significant improvement from its prior mid-40% expectation. This implies a large expansion over the coming years, with Synopsys guiding for a 41.5% adjusted operating margin in fiscal year 2026.
Synopsys’ deal with Amazon and its partnership with OpenAI represent two new ways the firm can benefit from AI development. Looking into 2027, it will be important to monitor whether Synopsys sees an uptick in its EDA growth through the OpenAI deal, and if the company can secure more large AoIP customers outside of Amazon. Should the company continue to gain momentum in these areas, it could provide considerable tailwinds for its financials and share price.
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Nvidia očekává ve čtvrtletí končícím v říjnu tržby ve výši 108 miliard USD, což představuje meziroční nárůst o 89 %, protože poptávka po GPU pro AI zůstává silná.
Nvidia GPUs are the most sought-after processors in AI, and they're in such demand that the chipmaker's stock climbed to yet another record this week, lifting its market cap close to $6 trillion.
Customers can now shop around for access to the chips at the giant clouds from Amazon, Microsoft and Google, as well as at so-called neoclouds like CoreWeave. They can also go to various online marketplaces or even buy the costly hardware directly.
For Nvidia, it all adds up to unrelenting growth, as management anticipates $108 billion in revenue for the October quarter, which would mark an 89% year-over-year jump.
But the paradox of choice can be a headache for companies needing computing power yesterday.
While cloud infrastructure providers have ranked at the top of Nvidia's customer list for several years, the business is diversifying. Five clients accounted for at least 10% of Nvidia's accounts receivable in July quarter, up from three in January, according to a filing.
Industry research firm SemiAnalysis counted 323 Nvidia GPU providers as of September, up from 209 less than 11 months earlier.
"You're going to see a whole new crop of really, really exciting neoclouds with hundreds of billions of dollars backlog together," Nvidia CEO Jensen Huang said at a Goldman Sachs tech conference in San Francisco last month.
Here's a rundown of the various options for accessing GPUs, and why each might make sense:
HyperscalersMany big companies spend tens of millions of dollars per year on a smorgasbord of cloud services from Amazon, Google and Microsoft. Since the 2022 launch of ChatGPT, companies have increasingly turned to the hyperscalers for GPUs so they can run generative AI workloads.
The top cloud providers come with a reputation advantage. If a software company relies on Amazon and Microsoft for GPUs and other capabilities, it won't need to panic about prospective customers questioning its suppliers.
"When you're talking to enterprises, your subprocessor had better be Azure," said Bindu Reddy, CEO of AI assistant startup Abacus, referring to Microsoft's cloud infrastructure.
In the past year, leading AI labs Anthropic and OpenAI have committed to spending over $500 billion between Amazon and Microsoft, which controlled 59% of the cloud infrastructure market in 2025, according to industry researcher Gartner.
"Hyperscalers are in a good position to show trust to the enterprises because of their 10-plus years of full-stack capabilities," said Gartner analyst Hardeep Singh. But hyperscalers don't always have as many GPUs as enterprises require, he said.
Andy Jassy, Amazon's CEO, told analysts in July that the retailer and cloud pioneer won't be able to serve all the demand it foresees this year.
"I believe this dynamic will also be true in 2027," he said.
Flagship neocloudsIf the hyperscalers were adequate, neoclouds wouldn't be proliferating.
Modal, a startup operating virtual sandboxes where AI agents work independent of main IT environments, went from running on the hyperscalers to signing up with the major neoclouds, and now it uses 25 of them, said CEO Erik Bernhardsson.
"You can get a few hundred GPUs or maybe a thousand, but at our scale, we needed way more GPUs," he said.
The hyperscalers themselves are also chasing the neoclouds. Google and Microsoft have started tapping CoreWeave, even as they all compete with one another.
"Some of the hyperscalers have approached us about taking care of customers they're worried about because they don't have the ability to service those customers when they need it," said Marc Boroditsky, chief revenue officer of Nebius, a Netherlands-based neocloud with operations in the U.S.
Video generation startup Reactor uses GPUs through Nebius and hyperscalers, said CEO Alberto Taiuti. The location of data centers matters, he said, because Reactor wants user-created videos to show up right away. Nebius delivers the specific GPUs Reactor needs, solid customer service and sufficient hardware and software, at a good price, Taiuti said.
The most visible neoclouds can require some upfront payment, and chips might not come online for months, because providers raise funding based on contracts and set up the data center equipment, Bernhardsson said.
It would be difficult for CoreWeave to turn over 10,000 GPUs to a new customer with one day's notice, said Chen Goldberg, an executive vice president. CoreWeave's near-term capacity remains essentially sold out, CEO Mike Intrator said on the company's August earnings call.
Baby neocloudsIf companies want GPUs immediately, they might have to go beyond the name brands. Some neoclouds aren't household names because they target specific countries, which can be viable in certain cases.
"Capacity right now is tight, and your relationships with your suppliers is actually one of the most closely guarded secrets for companies like ours," said Zhen Lu, CEO of Runpod.
Specialist neoclouds can offer more flexibility than the larger GPU clouds, which often require upfront payments and long-term commitments. Some sell so-called bare-metal GPUs, which give customers more control but also require them to manage more of the technical work themselves.
Companies using these smaller neoclouds share the same concerns: When can they get the GPUs, and at what price? Sunny Smith, co-founder and technology chief at Massed Compute, said customers are often willing to commit to capacity when they expect prices to rise.
Bring your ownOracle, one of the world's largest cloud providers, is letting clients bring in their own GPUs. The software maker has more debt than Amazon or Microsoft, and its credit rating is lower so it has less flexibility to go on a GPU spending spree. But it's happy to operate the technology.
"As we're generally able to preserve and improve margins in the case of things like bring-your-own-hardware, the ROIC for those types of structures will be even higher," Oracle CFO Hilary Maxson told analysts on a June earnings call, using the acronym for return on invested capital.
Oracle hasn't disclosed the names of companies that choose this path. John DiFucci, a Guggenheim Securities analyst who recommends buying Oracle shares, said it would make sense for Advanced Micro Devices and Nvidia, the top two producers of GPUs, to bring their own to Oracle.
Instead of buying thousands of GPUs, early-stage startups with limited capital can borrow them for hours at a time for less through clouds. And for companies with heavy-duty computing needs, Oracle's new route might be more attractive than building whole data centers. OpenAI committed to spending over $300 billion with Oracle over five years, but it hasn't mentioned anything about bringing in GPUs.
OpenAI declined to comment.
The method might make sense for companies that have the capital to purchase AI chips but don't have enough power, data center space or skilled labor. Like its hyperscaler peers, Oracle works hard to secure all three in healthy quantities.
Tactical dealsAnother emerging option is to cut large deals with firms that have truckloads of GPUs for rent.
SpaceX arranged to turn over excess capacity in separate deals with hyperscaler Google and open-source startup Reflection.
In April, SpaceX agreed to provide Cursor with GPUs and then bought the AI coding startup outright for $60 billion. And in May, SpaceX landed a deal to rent GPUs to Anthropic for $1.25 billion each month through mid-2029. That's more than what most startups can afford.
For SpaceX, though, the numbers work out nicely.
"The current economics have translated into a less than one-year payback on our new capital deployments for compute," Bret Johnsen, the company's finance chief, told analysts in August.
It's not only SpaceX. In July CNBC reported that Meta was working to form a cloud unit that could sell AI computing power.
Going old schoolMeanwhile, companies continue to install GPU-filled servers in on-premises data centers the old-school way as CEOs work to balance capability with cost control.
Revenue nearly doubled in the enterprise and small and medium business parts of hardware maker Lenovo's Infrastructure Solutions Group during the June quarter. "We're seeing more and more enterprises now starting to say, 'How do I bring AI into my four walls?'" said Vlad Rozanovich, a senior vice president.
The hourly spot price for an Nvidia B200 GPU has more than doubled since March, according to data from Ornn, a startup that maintains indexes.
Collaboration software maker Dropbox relies on GPUs in its data centers, CEO Ashraf Alkarmi said.
"If we want to do a lot more, I think our supply chain connections will still be beneficial and a structural advantage," he said.
Everpure, which sells data center storage hardware and software, has acquired its own GPUs, to run open-weight AI models for the company's software engineers, said CEO Charlie Giancarlo.
"In a very dynamic pricing environment, it's always good to have multiple sources that you can go to," he said.
PayPal zavádí čtvrtletní dividendu ve výši 0,14 USD na akcii a plánuje vracet akcionářům 70–80 % volných peněžních toků, převážně prostřednictvím zpětných odkupů akcií.
Despite some gains over the last few months, PayPal (PYPL +0.93%) stock has been a huge underperformer over the last five years. The company's share price has fallen roughly 79% over the stretch. Meanwhile, the S&P 500 and the Nasdaq Composite indexes have risen 79% and 90%, respectively.
On the other hand, PayPal has continued to generate substantial profits -- and it's making a big push to return cash to shareholders. With the company now paying a dividend and moving forward with a large share repurchasing plan, where will PayPal stock be in five years?
Image source: Getty Images.
What's PayPal doing with dividends and buybacks? Last October, PayPal announced that it would begin paying a dividend. The company started its quarterly dividend at $0.14 per share and has maintained it at that level, with management stating it targets a long-term payout ratio of roughly 10%. In other words, the company plans to return roughly 10% of its non-GAAP (adjusted) net income to shareholders as cash payouts.
Whether that means the company will be paying a variable dividend tied to that level -- which could result in lower distributions if earnings slip -- remains to be seen. However, there's a good chance that management will maintain the current dividend in the near term, and it plans to deliver steady payout increases in conjunction with earnings growth. PayPal's dividend currently yields roughly 1.1%.
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While dividends are now a priority for PayPal, returning cash to shareholders through stock buybacks is a much bigger part of the company's capital return policy. Management has said it expects to return between 70% and 80% of free cash flow (FCF) to shareholders, with the vast majority going toward stock buybacks. Companies typically retire shares when they buy back their own stock, thereby boosting earnings per share and supporting the stock price.
With PayPal making efforts to reenergize growth, continuing with efficiency initiatives to improve profitability, and returning cash to shareholders, the beaten-down stock could wind up seeing strong rebound momentum over the next five years. On the other hand, there's another potential catalyst that could send the stock higher.
PayPal might not be a stand-alone company five years from now Over the last year, reports have swirled suggesting that PayPal could be an acquisition target. With the company trading at just 10 times this year's expected earnings, the fintech player looks cheaply valued and could attract real interest from multiple prospective buyers.
While the company has been facing some substantial competitive pressures, PayPal still has strong foundations and resources in the fintech space that could create strong synergies if folded into another fintech business or a technology company with a substantial focus on the consumer market. With that in mind, I think there's a very good chance that PayPal will be acquired within the next five years.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short December 2026 $62.50 calls on PayPal. The Motley Fool has a disclosure policy.
Chevron při ceně ropy Brent 64 USD pokryla dividendy volným peněžním tokem; za celý rok 2025 volný peněžní tok ve výši 16,60 mld. USD převýšil dividendy o 3,849 mld. USD.
Chevron has raised its dividend for 39 straight years through oil booms, price collapses, and a pandemic quarter that brought in almost nothing. The next test is already visible on the horizon, and the math gets uncomfortable fast.
Chevron (NYSE:CVX | CVX Price Prediction) pays an annualized forward dividend of $7.12 a share, yielding 3.07%. The company reported $18.10 billion in free cash flow last quarter. WTI crude sat at $96.24 on October 6, with shares up 43.46% year to date. The payout looks secure now, but the test comes when crude falls. The EIA projects Brent at $89 in the fourth quarter and $79 in 2027.
One Quarter Showed the Dividend Relying on the Balance Sheet Oil majors sell a commodity they cannot control, so dividend coverage swings with crude prices. Chevron’s 2026 shows how wide those swings can be.
In the first quarter, operating cash flow was only $2.514 billion, while dividends cost $3.526 billion. Free cash flow came in at -$1.549 billion, dragged down by about $2.9 billion of negative timing effects. Chevron still bought back $2.5 billion of stock, and its net debt ratio rose to 17.9% from 15.6%. For that quarter, the balance sheet paid shareholders.
The second quarter reversed the picture. Operating cash flow reached $22.63 billion against $3.504 billion in dividends, and Chevron cut debt by $8.41 billion. CFO Eimear Bonner said:
“Our net debt coverage ratio improved, reflecting strong cash generation in the quarter.”
What Crude Price Does the Dividend Need? Chevron’s Q4 2025 results offer a breakeven test. Brent averaged $64. Operating cash flow of $10.789 billion covered $5.264 billion in capex and $3.404 billion in dividends with $2,121 million left over. For all of 2025, free cash flow of $16.60 billion beat dividends by $3.849 billion. Total shareholder returns were $27.1 billion, with buybacks making up the difference.
Management plans for prices below today’s. CEO Mike Wirth reaffirmed “our $6 billion guidance at $70 Brent” for affiliate distributions. Bonner said 2030 targets hold:
“…adjusted free cash flow growth, averaging greater than 10% per year, and more than 3% improvement on return on capital employed, all at flat commodity prices that are lower than today.”
The Hess acquisition helps. Wirth said those assets produce free cash flow “roughly double the incremental dividends.”
A 39-Year Raise Streak Helps Holders and Limits Management The 4% raise in January was Chevron’s 39th consecutive annual increase, putting it in rare company with the longest-streak dividend payers (we ranked ten of them by valuation in a free Dividend Kings report). Past crashes tested that run. In 2020, operating cash flow of $10.6 billion just covered $9.7 billion of dividends and did not cover capex on top of them. Q2 2020 brought in only $80 million. Even so, the quarterly rate stayed at $1.29, up from $1.19 in 2019. In 2015 the rate stayed at $1.07 for all four payments. The run gives holders confidence. It also means management keeps paying through downturns and covers the gap with debt.
How ExxonMobil and ConocoPhillips Compare ExxonMobil (NYSE:XOM) has a 43-year streak of increases and a $20 billion buyback plan for 2026. ConocoPhillips (NYSE:COP) ties payouts to cash flow, targeting 45% of CFO to shareholders. That approach reduces payouts when oil falls. Chevron must decide what to cut.
Verdict: The Dividend Is Covered by Cash, With the Balance Sheet as Backup At the current crude prices, Chevron covers its dividend with operating cash flow. The Q1 shortfall reversed when working capital unwound by $2.9 billion. The dividend stayed covered at $64 Brent, below the EIA’s 2027 forecast. The buyback would be cut first. With net debt at 0.6 times cash flow, Chevron can keep the dividend through this downturn.
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Berkshire Hathaway v roce 2022 prodala Wells Fargo po skandálu s přibližně 2 miliony neoprávněně založených účtů; riziko poškození pověsti je pro banky zásadní.
Through decades of investing, Warren Buffett has made more than a few interesting investments. Some stocks Buffett bought in the 1980s remain in Berkshire Hathaway's large stock portfolio today, even though Buffett has now officially left the company.
Even Buffett will admit that he's made mistakes, despite his incredible track record. Wells Fargo (WFC +1.85%) is an interesting case study in Buffett's investments.
Buffett began buying the large bank stock in 1989. But after an extraordinary scandal at the bank, Berkshire eventually exited the position in 2022. Here's what bank investors can learn from this.
Image source: The Motley Fool.
It was initially a love affair At their core, Buffett and Berkshire are value investors who seek to purchase stocks trading below their intrinsic value. In a 1990 letter to shareholders, Buffett wrote, "Lethargy bordering on sloth remains the cornerstone of our investment style."
In the same letter, Buffett also noted that the company had increased its stake in Wells Fargo to just below 10% that year. The savings and loan crisis had just begun a few years prior, making investors incredibly bearish on the banking sector, an environment that Buffett and his team thrived in and took advantage of:
As one huge loss after another was unveiled -- often on the heels of managerial assurances that all was well -- investors understandably concluded that no bank's numbers were to be trusted... Wells Fargo is big -- it has $56 billion in assets -- and has been earning more than 20% on equity and 1.25% on assets. Our purchase of one-tenth of the bank may be thought of as roughly equivalent to our buying 100% of a $5 billion bank with identical financial characteristics. But were we to make such a purchase, we would have to pay about twice the $290 million we paid for Wells Fargo.
Wells Fargo would remain a core part of Berkshire's portfolio for nearly three decades. However, in 2016, media outlets began reporting on a major scandal at the bank, in which employees had opened roughly 2 million deposit and credit card accounts without customers' consent. The scandal blew up, putting Wells Fargo in the reputational and regulatory hot seat.
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In the years after the scandal, the bank would go on to fire many employees and replace top executives and board members. Wells Fargo would also pay billions in fines, undertake a lengthy overhaul of its regulatory infrastructure, and be subject to an asset cap for seven years.
The cap prevented the bank from expanding its balance sheet, a key way banks make money. Buffett began to openly criticize Wells Fargo in 2017, trimming his position.
By 2020, the Oracle of Omaha was calling it a "total disaster," and by 2022, Berkshire had exited the stock. Some reports suggest that Buffett became frustrated with Wells Fargo's board when they ignored his advice and hired banking veteran Charlie Scharf to run the bank.
Several lessons to learn from Buffett's experience with Wells Fargo The interesting thing about Wells Fargo after Buffett exited the stock is that Scharf did a good job of turning the bank around and correcting its regulatory deficiencies.
WFC data by YCharts
In fairness to Buffett, the bank may have gotten some help from the Trump administration, which quickly ended many of the remaining consent orders and the bank's asset cap in 2025. It would have happened eventually, but likely not as quickly.
Scharf also made many operational changes at the bank, and Buffett may not have shared in his long-term vision. Wells Fargo's returns also lagged behind its peers for some time as it dealt with regulatory issues.
The first lesson for bank investors is that reputation is immensely important in the sector. Businesses and consumers are less likely to do business with a bank when it suffers reputational damage.
Another lesson is where Buffett may have missed the mark. Even though the stock certainly struggled during periods when it was dealing with regulatory issues, when Scharf came aboard, he frequently spoke about opportunities to make the bank more efficient and to scale capital-light businesses.
Scharf laid out a turnaround plan and executed it. Having followed the bank during this time, I thought he made a clear, compelling case for the stock and ultimately proved that he was the right man for the job.
Buffett's typical investing style is to buy stocks when they are out of style, as long as the thesis makes sense, so I was confused why he was so keen to exit at the time.
I can certainly understand Buffett's frustration. He had held Wells Fargo for years amid the regulatory mess, and it was impossible to tell when the asset cap and other consent orders would be lifted, so he may have felt he couldn't see what the long-term future would look like.
But the other lesson is one Buffett frequently preached throughout his career: Find beaten-down stocks and see if there is a viable long-term turnaround plan. This is one of the most challenging parts of investing, but it can also be the most rewarding.
Technická analýza společnosti TradingShot naznačuje, že Micron (MU) by mohl na začátku června 2027 klesnout na 400 USD, což by představovalo pokles o 61,1 % oproti poslední závěrečné ceně 1 029 USD.
Micron Technology (NASDAQ: MU) could plunge to $400 in early June 2027 if its current rally repeats a price pattern from the Dot-com bubble.
The target implies a 61.1% decline from Micron’s last closing price of $1,029.
According to analysis by TradingShot outlined in a TradingView post on October 9, the correction could precede another rally that extends the artificial intelligence (AI) bull cycle toward 2030.
MU stock price analysis. Source: TradingView The analysis compared Micron’s current AI-driven rally with its advance in the 1990s. Both periods feature a long-term trendline of higher highs, followed by an upward breakout and a parabolic rally.
After peaking in September 1995, Micron corrected sharply toward its monthly 50-period moving average (MA), bottoming near the 0.382 Fibonacci retracement level.
TradingShot suggested a similar pullback could take the stock to $400 before it resumes its upward trajectory.
MU stock momentum The monthly relative strength index (RSI) also shows similarities between the two cycles. Micron’s RSI recently reached 92.75, compared with 97 at the September 1995 peak, indicating exceptionally strong momentum and potentially overbought conditions.
TradingShot also highlighted the monthly 100-period moving average, which supported Micron through much of its previous decade-long advance.
However, the historical comparison does not guarantee a repeat, and the projected June 2027 low remains a technical scenario.
Meanwhile, Micron’s fundamentals remain strong. Fiscal Q4 2026 revenue reached a record $54.23 billion, up 31% quarter over quarter and 379% year over year. Non-GAAP earnings per share of $33.42 beat estimates of $31.6, while non-GAAP gross margin reached 87%.
DRAM revenue hit a record $39.8 billion, while NAND generated $14.1 billion. The core Data Center Business Unit brought in $18 billion, up 56% sequentially, driven by AI demand for high-bandwidth memory (HBM), DRAM and data center storage.
For fiscal 2026, revenue surged 256% to $133.19 billion, while non-GAAP net income reached $86.76 billion, or $75.52 per share.
For Q1 fiscal 2027, Micron forecasts revenue of $61.5 billion, plus or minus $1.5 billion, non-GAAP EPS of $38.15, plus or minus $1.00, and a gross margin of approximately 86.25%.
Micron stock fundamentals The outlook is supported by tight memory supply and sustained AI demand. More than 75% of fiscal 2027 shipments were already committed, customers were discussing 2028 allocations, and much of next year’s HBM output had been sold at higher prices.
Additionally, Micron has signed 26 multiyear strategic customer agreements, some extending into 2030–2031, while ramping HBM4 production and expanding manufacturing capacity.
However, the technology company still faces risks, including industry cyclicality, rising capacity, slower AI spending, and customer concentration.
The company recently settled a patent dispute with Netlist for $600 million, including a five-year license, while a Taiwan workers’ union authorized a strike over bonuses.
Following its sharp rally, Micron is also vulnerable to profit-taking and valuation concerns.
SummaryCredo Technology is rated a cautious Buy with a FY2029 target of $274, implying 26% upside.CRDO's core AI connectivity business is delivering triple-digit revenue growth, with Q1 FY2027 revenue up 115% year-over-year.OmniConnect, CRDO's new memory-connectivity platform, presents significant optional upside but is not yet included in valuation due to limited deployment visibility.Stock-based compensation remains high at 18% of revenue, warranting close monitoring alongside optical revenue targets and OmniConnect adoption. sankai/E+ via Getty Images
At $216.83, Credo Technology (CRDO) trades at 34.4x FY2027 earnings, but only 22.4x FY2028 and 17.4x FY2029. This is happening because Credo is growing very fast. Revenue is expected to grow 87% in FY2027 and 55% in FY2028. The
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SoFi Technologies (SOFI +1.22%) is a fast-growing online bank, and despite demonstrating outstanding growth so far in 2026, its share price has fallen 41% this year. It seems that each quarter, while the general trajectory is fantastic, something the market didn't like has sent the stock down.
The next update comes on Oct. 27 when SoFi releases third-quarter earnings. Here's what to expect.
The cross-selling strategy is working SoFi is an all-digital bank aiming to become one of the largest banks in the U.S. Its core business is lending, but it offers a wide range of financial products and services, and its strategy involves cross-selling products to deepen engagement. Today, its repertoire includes basic banking products such as savings accounts and credit cards, as well as innovative offerings such as blockchain-based international wire transfers and a SoFi U.S.-dollar-backed stablecoin.
Image source: Getty Images.
The strategy is starting to take off. Products per member as a metric has accelerated over the last two quarters, and for the first time, products added were twice the number of members added in Q2. That's quite a feat, especially since it added so many new members -- 1.1 million, a 35% increase year over year. "We are starting to hit escape velocity on our path to be the winner that takes most in digital financial services," said CEO Anthony Noto.
Cross-buy is also increasing at 51% of new products coming from existing members, up from 43% in the previous quarter. Investors should take note of product growth relative to member growth in the Q3 update.
Much of market sentiment will hinge on interest rates SoFi is a growing fintech company, but it's also a bank, which means it moves with traditional bank stocks in some ways. It's highly exposed to interest rates, like any bank stock, and it's been moving lower as the Federal Reserve implies a coming rate hike. Its credit metrics have been improving, with a 3.7% personal loan charge-off rate in Q2, 0.7 percentage points lower than the prior quarter, and a 0.61% student loan charge-off rate, down 0.04 percentage points from the prior year. This is also an important metric to track in Q3.
Management didn't provide an outlook for Q3, but Wall Street is expecting $1.26 billion in revenue, a 32.7% increase over last year, and $0.17 in earnings per share (EPS), up from $0.10 last year.
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It's really anyone's guess how the stock will react. If credit metrics get worse or results don't meet expectations, the stock is likely to drop again. However, at the current, lower price, the stock can absorb some news the market doesn't like if the report is solid.
Long term, SoFi has a clear path toward continued growth, and if you can hold for a few years, this could be a good time to buy the stock.
OUTFRONT Media Inc. (NYSE:OUT – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $29.35 and traded as high as $30.16. OUTFRONT Media shares last traded at $30.0090, with a volume of 1,084,310 shares traded.
Analysts Set New Price Targets A number of equities research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of OUTFRONT Media in a report on Tuesday, September 8th. Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $38.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Finally, TD Cowen restated a “buy” rating and issued a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.
Get Our Latest Stock Analysis on OUT
OUTFRONT Media Stock Performance The company has a 50-day moving average price of $29.35 and a two-hundred day moving average price of $30.48. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $5.29 billion, a P/E ratio of 21.59 and a beta of 1.53. OUTFRONT Media (NYSE:OUT – Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.38 by $0.30. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%. The company had revenue of $522.50 million for the quarter, compared to analyst estimates of $509.61 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that OUTFRONT Media Inc. will post 2.18 earnings per share for the current year.
OUTFRONT Media Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.4%. This is a boost from OUTFRONT Media’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, September 4th. OUTFRONT Media’s payout ratio is presently 94.96%.
Insider Buying and Selling at OUTFRONT Media In other OUTFRONT Media news, EVP Matthew Siegel sold 25,000 shares of OUTFRONT Media stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.84, for a total value of $696,000.00. Following the completion of the sale, the executive vice president directly owned 264,925 shares of the company’s stock, valued at approximately $7,375,512. The trade was a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Emilio Bonanni sold 3,385 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total transaction of $100,940.70. Following the transaction, the executive vice president directly owned 10,420 shares in the company, valued at $310,724.40. This trade represents a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.45% of the company’s stock.
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its stake in OUTFRONT Media by 2.2% in the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after acquiring an additional 486,192 shares during the period. Dimensional Fund Advisors LP grew its position in OUTFRONT Media by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,211,619 shares of the financial services provider’s stock valued at $58,603,000 after purchasing an additional 133,960 shares during the period. Bank of New York Mellon Corp bought a new stake in OUTFRONT Media during the 2nd quarter valued at $56,839,000. Sei Investments Co. raised its holdings in OUTFRONT Media by 13.8% during the first quarter. Sei Investments Co. now owns 872,450 shares of the financial services provider’s stock worth $23,120,000 after buying an additional 105,946 shares during the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of OUTFRONT Media in the second quarter valued at $18,702,000.
About OUTFRONT Media (Get Free Report)
OUTFRONT Media Inc is an out-of-home advertising company that provides brands and agencies with advertising space across physical and digital displays. Its offerings include traditional and digital billboards, urban panels, street furniture, transit advertising, and other display formats designed to reach consumers in public spaces.
The company’s advertising inventory is used across major metropolitan areas and transportation systems in the United States. OUTFRONT combines its media assets with audience measurement, data and analytics, creative services, and digital advertising capabilities to help advertisers plan, deliver, and evaluate campaigns.
OUTFRONT Media was formed from the former CBS Outdoor Americas business and adopted its current name in 2014 following its separation from CBS Corporation.
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Ledger vyšetřuje tvrzení o krádeži kryptoměn v hodnotě přesahující 86 milionů USD, která údajně souvisí se zařízeními zakoupenými od prodejce CryptoBilis. Důkazy o prolomení bezpečnosti všech zařízení Ledger zatím chybějí.
Kripto para piyasasında güvenlik endişelerini artıran yeni bir hack iddiası gündeme geldi. Dünyanın önde gelen donanım cüzdanı üreticilerinden Ledger, bazı kullanıcıların kripto varlıklarının çalındığına yönelik iddiaların ardından soruşturma başlattı. Zincir üstü araştırmalara göre toplam kaybın 86 milyon doları aşmış olabileceği belirtilirken, Binance kurucusu Changpeng Zhao (CZ) da yatırımcıları dikkatli olmaları konusunda uyardı.
86 Milyon Dolarlık Kripto Para Çalındı mı? Güneydoğu Asya’daki bazı Ledger kullanıcılarının kripto para varlıklarını kaybettiğine yönelik iddialar, sektörde büyük yankı uyandırdı. Zincir üstü araştırmacı Specter, Ethereum, TRON ve Bitcoin ağlarında yüzlerce cüzdandan şüpheli adreslere gerçekleştirilen transferleri takip ettiğini açıkladı. Specter’ın tahminlerine göre olayla bağlantılı toplam kayıp 86 milyon doların üzerine çıkmış olabilir. Ancak saldırıların hangi yöntemle gerçekleştirildiği henüz kesinleşmedi. Ledger cihazlarının temel güvenlik altyapısının doğrudan ele geçirildiğine ilişkin doğrulanmış bir kanıt bulunmadığı belirtiliyor.
İlginizi Çekebilir: Bitcoin’in Kaderi Bu Seviyeye Bağlı!
Ledger, güvenlik iddialarının CryptoBilis adlı satıcı üzerinden satın alınan cihazlarla bağlantılı olabileceğini değerlendiriyor. Şirket, soruşturma tamamlanana kadar ilgili satıcının satış ve sevkiyat faaliyetlerini durdurmasını istedi. Ayrıca son 90 gün içerisinde CryptoBilis üzerinden Ledger cihazı satın alan kullanıcıların cihazlarını henüz kurmamaları gerektiği bildirildi. Cihazlarını daha önce kullanmaya başlayan kişilere ise yeni bir kurtarma ifadesi oluşturarak varlıklarını güvenilir yeni bir Ledger cihazına taşımaları tavsiye edildi. Bu uyarılar, donanım cüzdanlarının güvenliğinin yalnızca yazılımsal korumaya değil, cihazların güvenilir kaynaklardan temin edilmesine de bağlı olduğunu yeniden gündeme taşıdı.
Binance Kurucusu CZ’den Ledger Açıklaması Binance’in kurucusu Changpeng Zhao (CZ), olayla ilgili ilk bulguların olası bir tedarik zinciri saldırısına işaret ettiğini belirtti. Zhao’ya göre bazı kullanıcılar, orijinal cihazlar yerine üzerinde değişiklik yapılmış veya sahte Ledger ürünleri satın almış olabilir.
CZ, Ledger’ın kripto para sektörünün en köklü donanım cüzdanı üreticilerinden biri olduğunu vurgularken, olayın şirketin tüm cihazlarının güvenliğinin ihlal edildiği anlamına gelmediğine dikkat çekti.
Zhao ayrıca BNB ekosistemindeki katılımcıların ve sektörün diğer aktörlerinin çalınan kripto varlıkların izlenmesi ve geri alınması konusunda destek sağlayabileceğini ifade etti.
Kripto Para Yatırımcılarını Nasıl Etkileyebilir? Ledger hakkındaki güvenlik iddiaları, kripto para yatırımcılarının donanım cüzdanı kullanırken dikkat etmesi gereken riskleri yeniden gündeme getirdi. Özellikle üçüncü taraf satıcılardan temin edilen cihazların güvenilirliği ve kurtarma ifadelerinin korunması kritik önem taşıyor. Genel değerlendirmede 86 milyon dolarlık kayıp iddiasının henüz kesinleşmemiş olması ve saldırı yönteminin tam olarak belirlenememesi, soruşturmanın sonuçlarını önemli hale getiriyor. Ledger’ın yapacağı yeni açıklamalar, olayın kapsamının netleşmesi ve etkilenen kullanıcıların belirlenmesi açısından yakından takip edilecek.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Akeso zahájila klinickou studii fáze III s cadonilimabem u operabilního karcinomu tlustého střeva MSI-H/dMMR; jde o 13. registrační klinickou studii tohoto léku na světě.
, /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") announced that the first patient has been dosed in a Phase III clinical study (COMPASSION-40/AK104-313) evaluating cadonilimab, its first-in-class PD-1/CTLA-4 bispecific antibody, as monotherapy in the neoadjuvant/adjuvant (perioperative) treatment of resectable microsatellite instability-high (MSI-H) or mismatch repair-deficient (dMMR) colon cancer.
This marks a significant new indication for cadonilimab beyond gastric, lung, and cervical cancers, and represents the 13th Phase III/registrational study of the therapy conducted globally. Cadonilimab has moved from later-line to first-line treatment of advanced disease and is now being evaluated in the perioperative setting, further broadening its clinical footprint in immuno-oncology (IO) 2.0.
Colorectal cancer is among the malignancies with the highest incidence and mortality worldwide, with colon cancer accounting for most cases. Perioperative outcomes are a major determinant of long-term prognosis. Patients with MSI-H/dMMR colon cancer derive limited benefit from conventional perioperative chemotherapy, with pathological response rates of only approximately 7%—a persistent and significant unmet medical need.
In metastatic MSI-H/dMMR colorectal cancer, immune checkpoint inhibitors are already established as the standard of care. In localized disease, perioperative treatment holds the potential for curative intent and the prospect of durable clinical cure—an area of substantial clinical importance and patient value. While multiple exploratory studies of PD-(L)1 monoclonal antibodies in this setting have shown encouraging efficacy signals, no immunotherapy has yet been approved anywhere for the perioperative treatment of localized MSI-H/dMMR colon cancer.
MSI-H/dMMR colon cancer is highly responsive to immunotherapy due to its high tumor mutational burden and inflamed immune microenvironment. However, single-target immune checkpoint inhibitors still leave room for improved outcomes. By dual blockade of the PD-1 and CTLA-4 pathways, cadonilimab is designed to more effectively activate and sustain antitumor immune responses in the perioperative setting. This approach has the potential to increase rates of major pathological response (MPR) and pathological complete response (pCR), thereby lowering the risk of postoperative recurrence and improving long-term survival.
Supporting evidence comes from a prior Phase II study of cadonilimab monotherapy as neoadjuvant treatment in patients with MSI-H/dMMR colorectal cancer. Data presented at the 2024 ESMO Immuno-Oncology Congress showed a pathological complete response (pCR) rate of 84.6% and a major pathological response (MPR) rate of 100% among patients who proceeded to surgery, with a manageable safety profile.
As the first approved checkpoint bispecific antibody for cancer, cadonilimab has shown consistent clinical benefit across a broad range of patients, including both PD-L1-positive and PD-L1-negative individuals, in extensive real-world use and multiple Phase III trials. It is increasingly recognized as a foundational therapy in the immuno-oncology (IO) 2.0 era. Cadonilimab is currently being evaluated in 13 Phase III/registrational studies worldwide across major indications such as lung, gastric, cervical, liver and colon cancers, spanning first-line, second-line, perioperative, adjuvant and consolidation settings.
About Cadonilimab
Cadonilimab is a first-in-class PD-1/CTLA-4 bispecific antibody developed by Akeso for cancer immunotherapy. In June 2022, it received initial marketing approval from China's National Medical Products Administration (NMPA) for the treatment of patients with relapsed or metastatic cervical cancer who had progressed on or after platinum-based chemotherapy. In September 2024, cadonilimab was approved in combination with fluoropyrimidine- and platinum-based chemotherapy for the first-line treatment of patients with locally advanced unresectable or metastatic gastric or gastroesophageal junction (G/GEJ) adenocarcinoma. In May 2025, cadonilimab plus platinum-based chemotherapy, with or without bevacizumab, was approved for the first-line treatment of persistent, recurrent, or metastatic cervical cancer.
By simultaneously targeting PD-1 and CTLA-4, cadonilimab delivers synergistic antitumor activity. It has shown robust efficacy with markedly lower toxicity and improved tolerability compared with conventional combination regimens, demonstrating potent activity across multiple tumor types independent of PD-L1 expression and offering breakthrough clinical value in immunotherapy-resistant and "cold" tumors.
To date, cadonilimab has been evaluated in more than 40 clinical studies spanning over 20 indications, including gastric, lung, liver, cervical, and pancreatic cancers. Thirteen Phase III/registrational studies are ongoing; three have met their primary endpoints; and two global Phase III/registrational trials are advancing.
About Akeso
Akeso (HKEX: 9926.HK) is a leading biopharmaceutical company committed to the research, development, manufacturing and commercialization of the world's first or best-in-class innovative biological medicines. Founded in 2012, Akeso has built a comprehensive R&D innovation ecosystem anchored by its proprietary Tetrabody antibody technology platform, AI-powered drug R&D platform, Dual-Shield ADC technology platform, Dual-Lock T-cell engager (TCE) technology platform, Tissue-Smart siRNA/mRNA technology platform, and cell therapy technology platforms.
Backed by world-class GMP manufacturing facilities and a highly efficient, integrated commercialization system, Akeso has developed into a globally competitive biopharmaceutical enterprise. Leveraging its fully integrated, multi-functional platform, the Company maintains a robust pipeline of more than 50 innovative assets targeting cancer, autoimmune diseases, inflammation, metabolic disorders, and other major therapeutic areas. Of these, nearly 30 candidates have advanced into clinical trials, including 15 bispecific or multi-specific antibodies and bispecific ADCs. Eight innovative drugs are commercially available, and two additional drugs with three indications are currently under regulatory review for marketing approval.
Akeso is committed to becoming a global leader in biopharmaceuticals through efficient and breakthrough innovation in R&D, developing novel therapies that are first-in-class or best-in-class, and providing better disease solutions for patients around the world.
Forward-Looking Statements
This announcement by Akeso, Inc. (9926.HK, "Akeso") contains "forward-looking statements". These statements reflect the current beliefs and expectations of Akeso's management and are subject to significant risks and uncertainties. These statements are not intended to form the basis of any investment decision or any decision to purchase securities of Akeso. There can be no assurance that the drug candidate(s) indicated in this announcement or Akeso's other pipeline candidates will obtain the required regulatory approvals or achieve commercial success. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the P.R. China, the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Akeso's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of Akeso's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.
Akeso does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.
SpaceX se poprvé podařilo dostat Starship na oběžnou dráhu a vypustit 26 satelitů Starlink V3, ale ekonomická návratnost projektu závisí na opětovném použití obou stupňů rakety.
SpaceX (SPCX +1.25%) finally got Starship to orbit. On Sept. 28, on its 14th test flight, the huge rocket's upper stage reached orbit for the first time and deployed 26 next-generation Starlink V3 satellites.
Yet the growth stock closed around 2% lower that day.
I don't think the market missed anything. Reaching orbit showed Starship can deliver satellites. But both halves of the rocket ended the flight in the ocean, and the economics SpaceX has promised rest on getting them back and flying them again. That test is still ahead, and it's the one more likely to change SpaceX's numbers.
Image source: Getty Images.
Both stages ended in the oceanThe Super Heavy booster splashed down in the Gulf, where its flight termination system was triggered as a planned safety demonstration. The ship splashed down in the northern Pacific after controllers shortened its time in orbit because one of its engines had shut down early.
But a rocket used up on every launch isn't the vehicle SpaceX has been describing to investors.
Bret Johnsen, SpaceX's chief financial officer, said in August that Starship aims to quadruple payload capacity and cut launch costs tenfold compared to Falcon 9. The company's initial public offering (IPO) prospectus is just as clear about how. It says having reusable first and second stages is "critical to reducing launch costs and increasing launch cadence."
The booster half is partly proven: SpaceX has caught Super Heavy boosters with its launch tower on three past test flights and reflown two of them. It's never caught a ship.
Starlink pays for the launchesI'd say cheaper launches could help Starlink more than the launch business. Notably, SpaceX books no revenue from launching its own satellites. Instead, these launch costs are added to the satellites' cost on the balance sheet and then expensed as depreciation in the connectivity segment.
And this expense keeps rising. In the second quarter of 2026, connectivity depreciation and amortization was $805 million, up 41% year over year and above the first quarter's $783 million. Still, the segment's operating income rose 79% year over year to $1.7 billion, faster than its 66% revenue growth, so its margins are widening. Every satellite launched on a reused rocket could carry a lower cost onto the books -- plus less depreciation against this profit for years to come.
How many flights does Starlink need?Each V3 satellite is designed for 1 terabit per second of downlink capacity, about a tenfold increase over a V2 satellite. SpaceX expects one Starship to eventually carry up to 60 of them, according to its IPO prospectus, so Flight 14's 26 satellites were under half a full load.
Musk has said V3 satellites won't noticeably improve service until the network has roughly 1,000 of them, which he expects around the second quarter of 2027. At 26 per flight, that's about 37 more Starship launches. Even at 60 per flight, it's at least 17. The program has made 14 flights in its entire history.
Building a new ship and booster for each of these flights might get really costly, so reuse is arguably what makes that many launches doable on that schedule.
And capacity matters because of how Starlink is growing. Subscribers doubled year over year to 12.0 million by the end of June, while average revenue per user dropped from $85 a month to $66. Put simply, Starlink is gaining customers that pay less on average, and more customers need more capacity.
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The first reflight could be months awayOn Aug. 20, Musk wrote on X that a ship catch would likely happen in a few months, with the first ship reflight late this year or early next. Flight 15 might include the first catch attempt.
Then again, Musk's dates slip. On the Aug. 4 earnings call, he said SpaceX would try to catch the ship on Flight 14.
At around $168 as I write, SpaceX has a market value over $2.2 trillion -- a valuation of more than 70 times sales, using annualized second-quarter revenue. A price like that already assumes Starship becomes the cheap, reusable rocket SpaceX describes.
Reaching orbit didn't prove that. A catch and a reflight would go a long way toward it. Until a Starship upper stage flies again, I think investors are paying for a cost advantage SpaceX hasn't shown yet.
Elon Musk says SpaceX could one day be worth vastly more than Earth's economy. Here's what that would take. By You're currently following this author! Click to unsubscribe from email alerts.
Elon Musk is known for making outlandish predictions. Chip Somodevilla/Getty Images Elon Musk is known for having planet-sized ambitions, and his latest pronouncement lives up to that billing.
"This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy," the Tesla and SpaceX CEO wrote in a Thursday post on X.
The International Monetary Fund projected in April that the total value of world output, measured at market exchange rates, would hit $126 trillion this year.
SpaceX had a $2.2 trillion market capitalization at Thursday's close, meaning the global economy is worth roughly 57 times more.
Musk's vision of SpaceX becoming at least two orders of magnitude — 100 times — more valuable suggests it will one day have a market cap in excess of $12 quadrillion.
All else being equal, SpaceX's stock price would have to rise 5,500-fold to achieve that valuation, meaning $1,000 invested today would skyrocket in value to $5.5 million.
This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy
— Elon Musk (@elonmusk) October 8, 2026 Musk elaborated on his statement in a Friday post.
"'Seeing a path' is not a statement of extreme confidence that we will achieve that outcome," he wrote. "Just means that I believe there is such a path and the probability of achieving it is not zero."
SpaceX's revenue amounted to $7.8 billion in the second quarter, up 92% from the same period last year. The maker of rockets, spacecraft, and satellites recorded a $541 million net loss, down from $1 billion 12 months earlier.
Musk told Wall Street analysts in August that SpaceX was internally projecting $1 trillion of revenue in 2030, and there was a "non-zero chance" it could reach that milestone in 2029.
But even if the company hits that mark, then grows revenue 100-fold from there to $100 trillion, that would still be less than 1% of the minimum company valuation Musk envisions.
"I guess his idea is that SpaceX will open up new colonies or human civilizations beyond the Earth, and thus tap into minerals, energy, and growth beyond what we are capable of with the finite resources we have available to us here," Russ Mould, AJ Bell's investment director, told Business Insider by email.
Yet there are likely to be "considerable risks and obstacles" when it comes to operating in space or on other planets, he continued, "not to mention considerable expense."
Those challenges mean that an investor using a discounted cash flow to value SpaceX today should apply an "extremely high" discount rate to those potential cash flows, Mould said, so the "theoretical value of SpaceX equity may not be as high as some might think."
Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, echoed Mould's point about SpaceX likely having to spend huge sums to travel to other planets and capitalize on their resources.
"What he doesn't say is how much it will cost to get there!" she told Business Insider by email.
Other analysts took a more measured view.
"Musk is a believer and a stargazer!" Neil Wilson, investor strategist at Saxo UK, told Business Insider by email, adding that SpaceX stock could be seen as a "bet on the future of mankind."
He's "obviously overegging it," Wilson continued, before noting that "even a tiny fraction of that amount makes SpaceX incredibly valuable."
However, Wilson added that SpaceX is "massively exposed to AI bubble risk and relies on the debt financing bandwagon to keep rolling."
He recommended investors treat the X post as a "bit of classic Musk hype and theatre," and instead "focus on what's going on under the hood."
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Theron Mohamed You're currently following this author! Click to unsubscribe from email alerts.
Theron Mohamed is a London-based correspondent on the International team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team then the broader International team. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, and other elite investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.
Finance Elon Musk SpaceX More GDP Billionaires Stocks Investing
Altar Rock LLC ve druhém čtvrtletí snížila svůj podíl v Amazon.com, Inc. o 59,8 % prodejem 6 699 akcií; nadále drží 4 500 akcií v hodnotě 1,073 milionu USD.
Altar Rock LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 59.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the e-commerce giant’s stock after selling 6,699 shares during the period. Amazon.com makes up approximately 1.5% of Altar Rock LLC’s holdings, making the stock its 18th biggest position. Altar Rock LLC’s holdings in Amazon.com were worth $1,073,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Premier Financial Group bought a new stake in Amazon.com in the second quarter valued at about $315,000. Security National Bank of Sioux City Iowa IA boosted its holdings in Amazon.com by 44.9% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 12,849 shares of the e-commerce giant’s stock valued at $3,062,000 after purchasing an additional 3,980 shares in the last quarter. Wellington Altus USA Inc. boosted its holdings in Amazon.com by 2.3% during the second quarter. Wellington Altus USA Inc. now owns 7,569 shares of the e-commerce giant’s stock valued at $1,804,000 after purchasing an additional 171 shares in the last quarter. Reynders McVeigh Capital Management LLC grew its stake in shares of Amazon.com by 0.6% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 166,954 shares of the e-commerce giant’s stock valued at $39,792,000 after purchasing an additional 1,003 shares during the period. Finally, Bullseye Investment Management LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $2,688,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com News Roundup Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors. Amazon.com Stock Performance Shares of Amazon.com stock opened at $262.43 on Friday. The firm has a fifty day moving average of $258.83 and a two-hundred day moving average of $249.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.
Analysts Set New Price Targets AMZN has been the subject of several analyst reports. Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Barclays reiterated an “overweight” rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Susquehanna reiterated a “positive” rating on shares of Amazon.com in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Oppenheimer restated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $322.86.
Read Our Latest Report on AMZN
Insider Activity In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by company insiders.
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.
Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.
Featured Stories Five stocks we like better than Amazon.com Alphabet Introduces Gemini Agent—Can It Trigger a Breakout? Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform Arista Networks Plugs Into All-Time Highs Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Alpine Woods Capital Investors LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,099 shares of the software giant’s stock after buying an additional 3,671 shares during the period. Microsoft accounts for about 1.8% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 10th biggest holding. Alpine Woods Capital Investors LLC’s holdings in Microsoft were worth $8,243,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Gould Capital LLC raised its stake in Microsoft by 19.9% in the second quarter. Gould Capital LLC now owns 12,223 shares of the software giant’s stock valued at $4,560,000 after buying an additional 2,029 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Microsoft by 4.6% during the second quarter. Meeder Advisory Services Inc. now owns 169,135 shares of the software giant’s stock worth $63,091,000 after acquiring an additional 7,479 shares during the last quarter. Harborfront Financial Group LLC acquired a new position in shares of Microsoft during the second quarter valued at about $328,000. Meeder Asset Management Inc. increased its holdings in shares of Microsoft by 5.2% during the second quarter. Meeder Asset Management Inc. now owns 273,833 shares of the software giant’s stock valued at $102,145,000 after acquiring an additional 13,583 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. raised its position in shares of Microsoft by 4.3% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 6,814 shares of the software giant’s stock valued at $2,542,000 after purchasing an additional 278 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
More Microsoft News Here are the key news stories impacting Microsoft this week:
Positive Sentiment: Microsoft introduced Microsoft-Decision-1, an AI model it says makes decisions substantially faster than GPT-6 Sol. The launch reinforces Microsoft’s competitive position in enterprise AI and could support demand for Azure and Copilot services. Microsoft launches Microsoft-Decision-1 Positive Sentiment: Analyst and investor commentary remains bullish on Microsoft’s AI stack, Azure acceleration, Copilot adoption and a large reported backlog. Wells Fargo reportedly raised its price target to $725, while Morgan Stanley reaffirmed a Buy rating with a $600 target. Morgan Stanley rating Positive Sentiment: Microsoft is attempting to revive Windows and expand on-device AI with new Nvidia-powered Surface hardware, including the premium Surface Laptop Ultra. Local AI processing could strengthen the Windows ecosystem and stimulate higher-value PC sales. Surface Laptop Ultra Positive Sentiment: The company is nearing a $4 trillion market capitalization after a strong earnings beat, with revenue and earnings growth continuing to support the recent rally. The next major test is Microsoft’s expected October 28 earnings report. Microsoft approaches $4 trillion valuation Neutral Sentiment: Microsoft’s new Xbox division, focused on film, television, events and theme parks, could expand the reach of its gaming franchises, although the strategy is unlikely to materially affect near-term financial results. Microsoft forms new Xbox unit Negative Sentiment: The U.S. suspension of Microsoft’s PERM green-card sponsorship program creates hiring and retention uncertainty, particularly for specialized AI and engineering workers. Investors are weighing potential compliance costs and the risk of an “AI brain drain.” U.S. suspends Microsoft green-card program Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned game companies over virtual currencies, adding regulatory risk to the gaming business. Italy gaming investigation Insiders Place Their Bets In other Microsoft news, CEO Satya Nadella sold 86,525 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the transaction, the chief executive officer owned 486,763 shares in the company, valued at approximately $244,092,173.98. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total value of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares of the company’s stock, valued at $21,188,276.96. This trade represents a 10.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 143,009 shares of company stock worth $71,420,699. 0.03% of the stock is owned by company insiders. Analyst Ratings Changes MSFT has been the topic of several research analyst reports. Needham & Company LLC assumed coverage on shares of Microsoft in a research report on Wednesday, September 23rd. They set a “buy” rating on the stock. Raymond James Financial downgraded shares of Microsoft from a “moderate buy” rating to a “strong sell” rating in a research note on Wednesday, September 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Microsoft in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Microsoft in a research report on Monday, July 20th. Finally, Guggenheim reissued a “buy” rating and issued a $586.00 price objective on shares of Microsoft in a report on Monday, July 27th. Forty-two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $578.73.
Get Our Latest Analysis on Microsoft
Microsoft Trading Up 2.4% Shares of NASDAQ:MSFT opened at $535.07 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $553.72. The business has a 50 day moving average of $501.15 and a two-hundred day moving average of $434.73. The company has a market capitalization of $3.97 trillion, a PE ratio of 29.79, a PEG ratio of 1.68 and a beta of 1.10.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.50. The firm had revenue of $90.01 billion during the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.65 EPS. As a group, analysts forecast that Microsoft Corporation will post 19.65 EPS for the current year.
Microsoft Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.98 dividend. The ex-dividend date is Thursday, November 19th. This represents a $3.92 annualized dividend and a dividend yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio (DPR) is presently 20.27%.
About Microsoft (Free Report)
Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.
Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.
Read More Five stocks we like better than Microsoft Alphabet Introduces Gemini Agent—Can It Trigger a Breakout? Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform Arista Networks Plugs Into All-Time Highs Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
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SummaryAzure grew 43%, but Microsoft’s $115.9 billion FY2026 capex increasingly makes AI infrastructure economics the central investment question.Hybrid intelligence could shift inference toward customer-owned hardware while Microsoft monetizes Copilot, identity, security, data, and enterprise workflows.Microsoft’s model-agnostic architecture makes compute increasingly replaceable, potentially improving AI revenue generated per dollar of company-owned infrastructure.At $530, MSFT trades around 26.4 times FY2027 earnings, with my scenarios ranging from approximately $400 to $702. tupungato/iStock Editorial via Getty Images
Microsoft (MSFT) has traditionally been seen as a rather straightforward investment in AI: build expensive infrastructure, grow Azure, generate cash through Copilot, and then let operating leverage do the rest. I believe that recent developments suggest
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Nvidia očekává hrubou marži ve výši 71–72 % ve fiskálním čtvrtém čtvrtletí; pokles pod 70 % bez jednorázového nákladu by mohl signalizovat oslabení cenové síly.
I think Nvidia (NVDA -0.52%) stock is a buy. Its price-to-earnings ratio is around 15 using analysts' consensus estimate for its next fiscal year (ending January 2028). For a company whose revenue more than doubled year over year last quarter, that price looks fair to me.
But it pays to know beforehand what would change that view. Nvidia is worth about $5.8 trillion, with shares trading around $239 as I write, near their all-time high. Investors paying that much are relying on Nvidia to keep charging buyers a premium for its chips.
There's one number Nvidia reports every quarter that I watch most closely: gross margin, or the share of revenue left after the direct cost of making what it sells. If it drops under 70% in a quarter with no one-time charge to explain it, I'd no longer call the stock a buy.
Why not revenue growth?Revenue growth may look like the better number to watch. But it's a weak early warning for Nvidia right now, because the company has already told investors it should slow.
Nvidia's revenue climbed 106% year over year to $96.2 billion for its fiscal second quarter of 2027 (the three months ending July 26, 2026). Management's fiscal third-quarter guidance of around $108 billion would mean growth easing to about 89%.
And on the earnings call, chief financial officer Colette Kress said the company's preliminary expectation for fiscal 2028 is revenue growth of about 70%. Even after slowing, in other words, growth could still be remarkable.
Revenue can also keep climbing even if Nvidia needs to cut prices, because customers might just buy more chips at lower prices.
Gross margin, though, says more about how much buyers are still willing to pay for Nvidia's tech. If customers ever find options good enough to push prices down, this is arguably where the pressure might show up first.
Nvidia rarely falls below 70%Showing how much pricing power Nvidia has kept through the artificial intelligence (AI) boom, its gross margin has been at least 70% for 12 of its past 13 quarters. This run started with a 70.1% margin for the quarter ending in July 2023. It peaked at 78.4% in the first quarter of fiscal 2025, before sales of Nvidia's newer Blackwell chips started. Since then, it has mostly held between around 72% and 75%.
Just one quarter in this period fell short. In the first quarter of fiscal 2026, Nvidia took a $4.5 billion charge on H20 chips it could no longer ship to China without a license, and gross margin dropped to 60.5%. But that was a charge linked to export rules, not a sign customers were paying less.
A margin below 70% with no charge attached, then, would be the first in over three years. I'd read it as evidence that something about Nvidia's pricing power had changed.
A drop to 72% wouldn't bother meSure, Nvidia's margin is already due to come down. Management forecast a fiscal third-quarter gross margin of 74%, plus or minus half a percentage point, after 75% in fiscal Q2.
Memory prices have risen more than Nvidia expected, Kress said, so gross margin should bottom out at 71% to 72% in the fiscal fourth quarter. She expects it to settle at 72% to 73% in fiscal 2028, when price increases Nvidia has already put in place kick in.
"Tighter memory supply is a symptom of the same demand surge that's driving our own growth," Kress said.
In short, this drop has a known cause and a stated recovery plan. A margin under 70% is a different story. It might mean memory costs kept outpacing Nvidia's price increases, or that customers pushed back against those increases.
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And with the fiscal third quarter's guided revenue of around $108 billion, the gap between a 75% gross margin and a 70% one is about $5.4 billion in gross profit each quarter.
A price-to-earnings ratio of 15 only looks cheap if the expected earnings show up, and gross margin is a big part of what turns Nvidia's revenue into them.
For now, Nvidia's margin is landing around where management said it would. The fiscal fourth-quarter report, probably due early next year, should show if the bottom holds at 71% to 72%.
If the margin falls below 70% without a charge to blame, I'd consider selling the stock. Until then, I think shares are still worth buying at this price.
