Market Signal Briefing

CEO Calvin McDonald is stepping down in January. New leadership could help the stock rebound.

Calvin McDonald's nearly seven-year tenure as the chief executive officer of Lululemon Athletica (LULU 2.63%) can be compared to a pair of luxury yoga pants that don't quite fit: Uncomfortable at best, and an expensive mistake at worst. McDonald will step down from the company's helm at the end of January 2026, and, thus far, the stock has responded positively to this announced change in leadership. Shares of Lululemon surged more than 6.5% from the announcement as of close on Dec. 17.

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A lot of criticism and calls for change
A renewed energy is now benefiting Lululemon. Elliott Investment Management even went so far as to build its equity stake in the company to more than $1 billion after the announcement of McDonald's resignation. The private-equity fund is pushing its own candidate, former Ralph Lauren executive Jane Nielsen, to take over as CEO in the new year. The activist founder of Lululemon, Chip Wilson, has also been outspoken in his criticisms of the company, claiming that "years of bad decisions" regarding product and execution have eroded the brand and shareholder value.

Image source: Getty Images.

Lululemon stock has declined by more than 40% over the past five years. The premium athleisure retailer has struggled to maintain market share in an increasingly competitive landscape.

Lululemon needs to reclaim its cool
It's not all bad news, though. Lululemon's balance sheet is quite strong. Its revenues far exceed its debt load, and it expects to end 2025 with approximately $11 billion in net revenue.

Lululemon's stock remains attractive compared to other sports brands, such as Nike and Adidas. Lululemon has a higher earnings per share (EPS), hovering around $14, and a lower price-to-earnings (P/E) ratio of about 15 than both Nike and Adidas. The stock is currently trading about halfway between its 52-week low and high.

Ultimately, whether Lululemon stock is a buy now depends on execution risk. If the company and a new CEO can recapture its essence as the leader of "cool" in athleisure, a rebound in the stock could be imminent.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica Inc. and Nike. The Motley Fool has a disclosure policy.

Highlights:

Gold bar weighing 2.64 kilograms (85 oz) poured in the first smelt on site at the Kiniéro Gold Project, Guinea.First gold delivered on schedule and within budget.Nearly 5 million hours worked without a Lost Time Injury (LTI).Ramp-up progressing smoothly; plant achieving recoveries in line with expectations.Kiniéro plant expected to reach nameplate capacity in early Q1 CY2026.Open-pit mining ramping up from South Sabali starter pit, with ore stockpiles continuing to build on the ROM pad.Matthew Wilcox appointed Managing Director & CEO in May 2024; construction team mobilised July 2024. Construction completed in 17 months—the team’s sixth successful build in 15 years, all delivered on time and on budget.Robex secures exclusive option to buy back and fully extinguish the Mansounia royalties.Kiniéro becomes Robex’s second producing asset, alongside Nampala in Mali (guidance of 46,000 to 48,000 oz/year).Successful delivery of Kiniéro by the Robex team underscores the compelling rationale for the proposed merger with Predictive Discovery ahead of construction of its Bankan Gold Project, Guinea, located within 25km of Kiniéro.The proposed merger will create West Africa’s next tier-1 gold mining hub, combining Kiniéro and Bankan with projected 400koz+ annual production by 2029 and combined resources of ~9.5Moz Au.

Figure 1: Robex construction team with Managing Director & CEO Matthew Wilcox and Chief Financial Officer Alain William celebrating the first gold pour at Kiniero.

QUEBEC CITY, Dec. 21, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc (“Robex” or the “Company”) (ASX: RXR | TSX-V: RBX) is pleased to report it has poured first gold on schedule and within budget at its Kiniéro Gold Project (“Kiniéro”) in Guinea, West Africa.

Robex’s Managing Director and Chief Executive Officer Matthew Wilcox said:

“This is a major milestone for Robex, and every member of our team should be proud of what we have accomplished together at Kiniéro. Completing construction and commencing gold production is the culmination of 17 months of dedication and hard work, delivered safely and responsibly with nearly 5 million hours worked without a lost time injury.

Pouring first gold at Kiniéro reflects the calibre of our people, the strength of our execution and is the sixth successful build in the last 15 years by this construction team, all on time and on budget. This exceptional track record, combined with recent Guinea construction experience, gives us absolute confidence that this is the best team in the industry right now to bring Bankan into production and deliver another world-class West African gold project.

We are looking forward to completing our merger with Predictive, and the combined company is positioned to become West Africa’s next mid-tier gold producer and establish a tier-1 gold mining hub in Guinea.”

Operational Update

Commissioning activities at Kiniéro’s processing plant are progressing in line with expectations. Mechanical, electrical, and instrumentation systems are performing to design specifications.Ore delivery to the mill commenced earlier this month, and the plant is achieving recoveries consistent with feasibility study assumptions.Open-pit mining has ramped up at the South Sabali starter pit, with drilling and blasting underway and ore stockpiles building on the ROM pad.These activities will support a smooth transition to commercial production, targeted for Q1 CY2026.

Figure 2: Aerial View of the Kiniéro Gold Project – Ore Delivered to Train A CIL Tanks

Operational Activities at the Kiniéro Gold Project:

Figure 3: Haulage Operations at Kiniéro Site

Figure 4: Ore Feed to Saprolite Crusher

Figure 5: First Ore Processed through Saprolite Crusher

Figure 6: Material Delivered to the Mill Circuit

Figure 7: Train A CIL Tanks Gold Processing

Figure 8: Water Treatment Facility

Mansounia Royalty Buyback – Penta Goldfields Company

Robex has secured an exclusive option to buy back and extinguish the Mansounia royalty, which currently stands at:

3% NSR for the first 150,000 oz of gold produced from the Mansounia exploitation permits,3.25% NSR for 150,000–300,000 oz,3.5% NSR for production above 300,000 oz.
Under the executed agreement:

Robex paid a US$1 million non-refundable option fee.Upon exercise, Robex will pay US$5 million in cash plus US$15 million in equity to fully extinguish the royalty. Oragem Royalty

In addition, Robex has secured an exclusive option to buy back and extinguish the Oragem Royalty, which currently stands at 0.5% NSR from the Mansounia permit.

Robex has paid a non-refundable option fee of US$250,000. Upon exercise of the option, Robex will pay US$3.5 million in cash to fully extinguish the Oragem Royalty.

Conditions precedent

The options to buy back and extinguish the Mansounia Royalties are subject to conditions precedent, notably the grant of Mansounia exploitation permits, and will remain valid until the Permit Long Stop Date (10 years from execution).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This announcement was approved by the Managing Director.

Robex Resources Inc.
Matthew Wilcox, Managing Director and Chief Executive Officer
Alain William, Chief Financial Officer
Email: [email protected]
www.robexgold.com

Investors and Media:
Michael Vaughan, Fivemark Partners
Phone: +61 422 602 720
Email: [email protected]

ABOUT ROBEX RESOURCES INC.

Robex Resources is a Canadian gold mining company listed on the TSX-V and ASX, and headquartered in Quebec, Canada. Robex’s material properties consist of the Nampala Project in Mali and the Kiniero Project in Guinea.

Not an Offer

No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

Forward-looking Statements

This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “Forward-looking Information”). These include statements regarding future outlook and anticipated events, such as the consummation and timing of the Transaction and the satisfaction of the closing conditions under the Arrangement Agreement; the timing of the Meeting and of the Revised Proxy Deadline and Revised CDI VIF Deadline; the filing and delivery of the Addendum, press release and any other ancillary materials; pro forma ownership of the Combined Company; and future plans, projections, objectives, estimates and forecasts and the timing related thereto. All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could or may or will occur are Forward-looking Information. Forward-looking Information is generally identified by the use of words like “will”, “create”, “enhance”, “improve”, “potential”, “expect”, “upside”, “growth”, “estimate”, “anticipate” and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative or grammatical variations of such terms, are intended to identify Forward-looking Information. Although Robex believes that the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward- looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Robex as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors may include, but are not limited to, risks related to the closing of the Arrangement, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary approvals, licenses and permits and diminishing quantities or grades of reserves, political and social risks (including, but not limited to, in Guinea, Ivory Coast, Mali and West Africa more broadly), changes to the legal and regulatory framework within which Robex operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation, as well as the risks identified in the section titled “Risk Factors” in Robex’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca. Forward-looking Information is designed to help readers understand Robex' views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Robex assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Robex updates any Forward-looking Information, no inference should be drawn that Robex will make additional updates with respect to such or other Forward-looking Information. All Forward-Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary statement.

JORC CODE AND CIM DEFINITION STANDARDS
The term “Ore Reserve” defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (“JORC Code”) is equivalent to the term “Mineral Reserve” defined by the CIM Definition Standards for Mineral Resources & Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum May 19, 2014 (“CIM Definition Standards”). “Inferred Mineral Resources”, “Indicated Mineral Resources” and “Measured Mineral Resources” have the same meaning under both the JORC Code and CIM Definition Standards. “Proved Mineral Reserves” under the JORC Code has the same meaning as “Proven Mineral Reserves” under the CIM Definition Standards, and “Probable Mineral Reserves” under the JORC Code has the same meaning as “Probable Mineral Reserves” under the CIM Definition Standards. The JORC Code is an acceptable foreign code under NI 43-101.

Mineral Resources and Ore Reserve Estimates, and Production Targets
This announcement refers to PDI and Robex having combined Mineral Resource and Ore Reserve estimates of approximately 9.5Moz Au and approximately 4.5Moz Au respectively. Further information regarding the individual Mineral Resource and Ore Reserve estimates of each of PDI and Robex is set out below.

PDI

Mineral Resource and Ore Reserve Estimates
The Mineral Resource estimates for the NEB and BC projects were released to ASX on 7 August 2023 in an announcement by PDI titled “Bankan Mineral Resource Increases to 5.38Moz” and the Mineral Resource estimates in respect of the Fouwagbe and Sounsoun projects were released to the ASX on 23 April 2025 in an announcement by PDI titled “Maiden Argo Mineral Resource Estimate of 153koz”. The Ore Reserve estimate in respect of the Bankan Project was released to ASX on 25 June 2025 in an announcement by PDI titled “Bankan DFS Confirms Outstanding Project Economics”. PDI confirms it is not aware of any new information or data that materially affects the Mineral Resource or Ore Reserve estimates and all material assumptions and technical parameters underpinning the Mineral Resource and Ore Reserve estimates in the relevant market announcement continue to apply and have not materially changed, noting that PDI intends to appeal the Argo (and Bokoro) revocations announced on 28 May 2025 in accordance with the Mining Code, and that the Argo Inferred Mineral Resources account for just 2.8% of PDI’s overall Mineral Resource.

Production Targets
The Production Targets and forecast financial information in respect of the Bankan Project were released to the ASX on 25 June 2025 in an announcement by PDI titled “Bankan DFS Confirms Outstanding Project Economics”. PDI confirms that all the material assumptions underpinning the Production Targets and forecast financial information derived from the Production Targets in the previous announcement continue to apply and have not materially changed.

Robex

Mineral Resource and Ore Reserve Estimates
The Mineral Resource and Ore Reserve estimates in respect of Robex’s Kiniero Project were released to ASX on 22 August 2025 in an announcement by Robex titled “Amendment to Kiniero Gold Project Technical Report”, and in respect of the Nampala Project in an ASX announcement by Robex dated 6 May 2025 titled “Replacement Prospectus”. Robex confirms that it is not aware of any new information or data that materially affects the Mineral Resource and Ore Reserve estimates included in the relevant market announcement and all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed.

Production Targets
The production targets and forecast financial information in respect of Robex’s Kiniero Project was released to ASX on 22 August 2025 in an announcement by Robex titled “Amendment to Kiniero Gold Project Technical Report”, and in respect of the Nampala Project in an ASX announcement by Robex dated 6 May 2025 titled “Replacement Prospectus”. Robex confirms that all the material assumptions underpinning the production targets and forecast financial information derived from the production targets in the relevant market announcement continue to apply and have not materially changed.

National Instrument 43-101
All scientific and technical information in this presentation relating to Robex has been reviewed and approved by Mr. Jeames McKibben, a Chartered Professional Fellow of the Australian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists, and a “qualified person” as defined in NI 43-101.

Readers are referred to the technical report for the Nampala Project entitled “Independent Technical Report on the Nampala, Mininko, Gladie and Kamasso Permits and a Mineral Resource and Reserve Estimate of the Nampala Gold Mine, Mali, West Africa” effective September 30, 2024 (the “Nampala Technical Report), and the amended and restated technical report for the Kiniero Project entitled “Technical Report, Kiniero Gold Project, Guinea (Amended)” with an effective date of December 6, 2024, as amended and restated on June 12, 2025 (the “Kiniero Technical Report”), each of which has been prepared in accordance with NI 43-101 and is available on Robex’s profile on SEDAR+ at www.sedarplus.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PDI Ore Reserve and Mineral Resource Statement
Bankan Ore Reserve Statement1,2

DepositMining MethodClassificationTonnage
(Mt)Gold Grade
(g/t Au)Contained
(Koz Au)NEBOpen PitProbable40.21.361,751UndergroundProbable7.93.951,002Total 48.11.782,753BC Open PitOpen PitProbable3.51.78200Total 3.51.78200Total Open Pit  43.71.391,951Total Underground  7.93.951,002Total Bankan Project  51.61.782,953
Bankan Mineral Resource Estimate3,4

DepositClassificationTonnage
(Mt)Gold Grade
(g/t Au)Contained
(Koz Au)NEB Open PitIndicated78.41.553,900Inferred3.10.9192Total81.41.533,993NEB UndergroundInferred6.84.07896NEB Total 88.31.724,888BC Open PitIndicated5.31.42244Inferred6.91.09243BC Total 12.21.24487NEB Area Total 100.51.665,376FouwagbeInferred2.21.68119SounsounInferred0.91.1934Argo Area Total 3.11.54153Total Bankan Project 103.61.665,528
Robex Mineral Reserve and Resource Statement
Kiniero Mineral Reserve and Resource Statement5,6

DepositTonnage
(Mt)Gold Grade
(g/t Au)Contained
(Moz Au)Probable   Jean4.21.530.20SGA5.11.520.25SGD3.41.340.14Sabali South7.40.890.21Sabali North and Central1.50.960.05Mansounia17.70.810.46Stockpiles6.30.480.10Total45.50.971.41Indicated   SGA12.11.460.57Jean4.71.690.26Sabali North and Central3.71.210.14Sabali South11.10.910.32West Balan3.01.450.14Banfara0.91.000.03Mansounia Central24.00.780.60Stockpiles11.60.370.14Total71.20.962.20Inferred   SGA10.61.430.49Jean2.21.470.1Sabali North and Central0.71.390.03Sabali South2.71.010.09West Balan2.01.270.08Banfara0.71.450.03Mansounia Central26.30.820.7Stockpiles0.21.310.01Total45.31.051.53
Nampala Mineral Reserve and Resource Statement7,8

Weathering TypeTonnage
(Mt)Gold Grade
(g/t Au)Contained
(Koz Au)Probable   Oxide3.30.9094.6Transition0.81.0626.4Total4.00.93121.0Indicated   Oxide5.90.84158.3Transition2.11.1376.0Fresh0.13.009.4Total8.00.94243.7Inferred   Oxide0.30.798.1Transition0.21.628.5Fresh0.012.530.4Total0.60.9517.0 1 Refer to PDI ASX release “Bankan DFS Confirms Outstanding Project Economics” dated 25 June 2025.
2 Reserve cut-off: Open Pit 0.38-0.48 g/t Au, Underground 2.0 g/t Au.
3 Resource cut-off: NEB Open Pit indicated & inferred 0.5 g/t Au, NEB Underground inferred 2.0 g/t Au, BC Open Pit indicated and inferred 0.4 g/t Au, Fouwagbe and Sounsoun inferred 0.5 g/t Au.
4 In relation to the Fouwagbe and Sounsoun deposits (Argo Permit), PDI intends to appeal the Argo and Bokoro revocations announced on 28 May 2025 in accordance with the Mining Code. Refer to PDI ASX release “Argo and Bokoro Exploration Permits Update” dated 28 May 2025.
5 Refer to Robex announcement titled “Amendment to Kiniero Gold Project Technical Report” dated 22 August 2025 and the Kiniero Technical Report.
6 Resource/reserve cut-off grade (Resource at US$2,200/oz, reserves at US$1,800/oz): SGA, Jean and Banfara: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, fresh 0.4 g/t Au; Sabali South: laterite 0.3 g/t Au, mottled zone/saprolite/lower saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.5 g/t Au, fresh 0.6 g/t Au; Sabali North and Central: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.6 g/t Au, fresh 0.6 g/t Au; West Balan: laterite 0.3 g/t Au, saprolite (oxide) 0.3 g/t Au, saprock (transition) 0.3 g/t Au, fresh 0.5 g/t Au; Stockpiles reported as Mineral Resources have been limited to those dumps which exhibit an average grade >0.3 g/t Au for the entire stockpile assuming no selectivity.
7 Refer to Robex announcement titled “Replacement Prospectus” dated 6 May 2025 and the Nampala Technical Report.
8 Resource cut-off grade (at US$2,200/oz): Laterite 0.35 g/t Au, Oxide 0.35 g/t Au, Transition 0.43 g/t Au, Fresh 1.89 g/t Au; Reserve cut-off grade (at US$1,800/oz): 0.4 g/t Au (laterite, mottled zone, saprolite and transition).

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Secures the company's first U.S.-based manufacturing site, strengthening and diversifying its global supply network
Additional investments planned to expand the site's capacity (currently at 60,000 liters of drug substance) and capabilities to support growing manufacturing programs
Underscores Samsung Biologics' long-term dedication to the U.S. biopharmaceutical industry and supply chain
, /PRNewswire/ -- Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), today announced that its wholly owned U.S. subsidiary, Samsung Biologics America, has entered into a definitive agreement to acquire 100% of Human Genome Sciences from GSK (LSE/NYSE: GSK). This strategic move secures Samsung Biologics' first U.S.-based manufacturing site, a significant expansion of the company's global footprint and its long-term commitment to the U.S. market.

Samsung Biologics Expands U.S. Manufacturing Capabilities with Strategic Acquisition of Human Genome Sciences from GSK

Located in Rockville, Maryland, the facility sits at the center of one of the key U.S. bio-clusters and encompasses two cGMP manufacturing plants with a combined 60,000 liters of drug substance capacity, supporting both clinical and commercial production from small to large scale. Existing products will continue to be manufactured at the site, and Samsung Biologics plans to make additional investments to expand the site's capacity and upgrade technology to further support a more resilient U.S. supply chain for critical biologic medicines.

Under the terms of the agreement, with closing anticipated toward the end of Q1 of 2026, Samsung Biologics will acquire the Rockville assets for USD 280 million. The company will also retain more than 500 employees at the site to ensure operational continuity and stability. By integrating this facility into our global network, Samsung Biologics will provide clients with flexible, multi-site options in both the U.S. and Korea to ensure that live-saving therapeutics are reliably available to American patients.

Samsung Biologics has established a proven track record of operational and construction excellence through on-time completion of its Bio Campus I and II, and also recently secured land for Bio Campus III, which will house distinct R&D and manufacturing programs for new modalities. With 785,000 liters of capacity across five plants, the industry's leading capacity, Samsung Biologics continues to advance its diversified portfolio spanning monoclonal antibodies, antibody-drug conjugates (ADCs), mRNA, organoid-based services, and next-generation therapies.

"This landmark acquisition is a testament to our unwavering commitment to advancing global healthcare and bolstering our manufacturing capabilities in the U.S. The investment will enable us to deepen our collaboration with federal, state, and local stakeholders to best serve our customers and partners while ensuring a reliable and stable supply of life-saving therapeutics," said John Rim, CEO and President of Samsung Biologics. "This marks an important step forward in our mission to achieve a better life through biomedicines, and we look forward to building on the legacy of this facility as we welcome experienced colleagues to the Samsung Biologics family and continue delivering innovative solutions that make a meaningful impact."

Regis Simard, President, Global Supply Chain, GSK, said: "Today's agreement to divest the Rockville manufacturing site to our valued long-term partner, Samsung Biologics, will secure the manufacture of two important medicines on US soil for US patients and further build GSK's supply chain resilience. Along with GSK's recent commitment to invest $30bn in R&D and manufacturing in the US over the next 5 years, this deal enables us to further focus on building the agility, capacity and capability needed in our manufacturing network to deliver the next generation of specialty medicines and vaccines. I am confident in a positive partnership and future for the Rockville site."  

About Samsung Biologics

Samsung Biologics (KRX: 207940.KS) is a leading contract development and manufacturing organization (CDMO), offering end-to-end integrated services that range from late discovery to commercial manufacturing.

With a combined biomanufacturing capacity of 785,000 liters across Bio Campus I and II, Samsung Biologics leverages cutting-edge technologies and expertise to advance diverse modalities, including multispecific antibodies, fusion proteins, antibody-drug conjugates, and mRNA therapeutics.

By implementing the ExellenS™ framework across its manufacturing network with standardized designs, unified processes, and advanced digitalization, Samsung Biologics ensures plant equivalency and speed for manufacturing continuity.

Samsung Biologics also operates commercial offices in Korea, the U.S., and Japan. Samsung Biologics America supports clients based in the U.S. and Europe, while its Tokyo sales office serves the APAC region.

Samsung Biologics continues to invest in new capabilities to maximize operational and quality excellence, ensuring flexibility and agility for clients. The company is committed to the on-time, in-full delivery of safe, high-quality biomedicines, as well as to making sustainable business decisions for the betterment of society and global health.

For more information, visit https://samsungbiologics.com/

Media Contact at Samsung Biologics:

Claire Kim, Senior Director [email protected] 

SOURCE Samsung Biologics

The generative artificial intelligence (AI) megatrend has allowed many older technology companies to rise from relative obscurity. And with its shares up by a whopping 170% year to date, Micron Technology (MU +6.99%) is an excellent example. Like the industry leader Nvidia, it serves the pick-and-shovel side of AI, supplying hardware that other companies will need to create consumer-facing software and services.

Let's dig deeper to see if it still has millionaire-maker potential.

Why is Micron booming?
While the AI hardware narrative tends to focus on graphics processing units (GPUs), which do the brunt of the work of running and training large language models (LLMs) like ChatGPT, there are other computer components that make the technology possible. Micron's high-bandwidth memory devices, such as DRAM and NAND flash, play a crucial role.

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The vast libraries of AI training data need to be stored somewhere. Furthermore, these algorithms rely on powerful working memory to access data in real time and answer users' questions. Micron is America's largest computer memory specialist, so it was only a matter of time before investor capital began flowing in. And the stock's growth isn't just based on hype. Operational results are also showing significant progress.

Fiscal fourth-quarter revenue surged 49% year over year to $37.38, driven by an explosion of demand from data center clients, which tend to focus on AI-related workloads. Micron is also seeing a sustained rise in gross margins (which are up from 35.3% to 44.7% year over year) as its product mix shifts toward higher-end memory products, which can command better pricing. There is still potential for continued improvements.

Can Micron's boom continue in 2026?
Historically, computer memory has been a highly cyclical industry prone to boom-and-bust cycles. This trend occurs because the products are generally commoditized and poorly differentiated from each other while having high fixed production costs and slow manufacturing lead times. When demand is high, producers invest in expanding their production capacity, leading to a glut when supply outstrips demand and pricing strategies become a race to the bottom.

These are fundamental characteristics of the industry. And unfortunately for Micron, there is no reason to believe that things will change anytime soon. That said, generative AI is already sparking a massive boom cycle for memory hardware that is very likely to continue in 2026 and beyond.

Image source: Getty Images.

Reuters reports that the ravenous generative AI demand is leading to shortages all across the computer memory industry as producers shift production capacity to higher-demand products. This trend means Micron may be able to command higher prices across its product line (which includes memory for devices ranging from smartphones to automobiles) as demand begins to outstrip supply.

Furthermore, analysts at Wells Fargo believe DRAM industry revenue could double in 2026, setting the company up for a huge amount of profit it can return to shareholders.

With a forward price-to-earnings (P/E) multiple of just 14, Micron stock is still remarkably cheap, despite its legendary rally in 2025. And memory hardware shortages could help the company maintain its outstanding momentum. While Micron probably won't make you a millionaire (because the current memory boom probably won't last forever), it looks poised for continued market-beating performance in 2026 and beyond.

The company will likely return a large portion of its growing profits to shareholders through its buyback program, which it resumed last year.  While buybacks can feel less tangible than cash dividends, they are a better way to reward shareholders because they come with tax advantages. Dividends are taxed as ordinary income, while stock price appreciation is not taxed until you sell.

Furthermore, a buyback strategy could help smooth out the inherent cyclicality of Micron's business model by reducing the number of shares outstanding relative to future earnings.

Expense ratios, portfolio breadth, and sector focus set these two tech ETFs apart. See how their differences could impact your strategy.

The Vanguard Information Technology ETF (VGT +2.02%) offers broader sector exposure, while the iShares Semiconductor ETF (SOXX +2.66%) focuses tightly on U.S. semiconductor stocks.

Both funds provide exposure to U.S. technology. However, VGT casts a much wider net, with over 300 tech-related holdings, while SOXX targets just 30 leading semiconductor stocks. This comparison may appeal to those weighing concentrated industry bets against diversified sector coverage.

Snapshot (cost & size)MetricSOXXVGTIssueriSharesVanguardExpense ratio0.34%0.09%1-yr return (as of Dec. 16, 2025)41.81%16.10%Dividend yield0.55%0.41%Beta (5Y monthly)1.771.33AUM$16.7 billion$130.0 billionBeta measures price volatility relative to the S&P 500. The 1-yr return represents total return over the trailing 12 months.

SOXX's higher dividend yield could be appealing to income-driven investors, while VGT's lower expense ratio gives it an edge for those focused on reducing costs.

Performance & risk comparisonMetricSOXXVGTMax drawdown (5 y)-45.75%-35.08%Growth of $1,000 over 5 years$2,346$2,154What's insideVGT delivers exposure to the broader technology sector, spanning 322 stocks. Its top holdings -- Nvidia, Apple, and Microsoft -- account for a substantial portion of assets, and the fund’s nearly 22-year history reflects long-term stability. With no leverage, currency hedge, or ESG overlays, VGT offers standard tech exposure.

By contrast, SOXX is a pure-play semiconductor tracker, currently holding 30 companies and allocating heavily to Broadcom, Advanced Micro Devices, and Nvidia. Investors looking for precise exposure to U.S. chipmakers may favor SOXX’s tight industry tilt.

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

What this means for investorsVGT and SOXX offer distinct strategies with their varied exposure to the technology sector.

VGT is far more diversified, holding more than 10 times the number of stocks as SOXX. While it's solely focused on tech stocks, it includes companies from all corners of the technology industry. SOXX is much more niche, targeting only 30 semiconductor stocks.

Greater diversification can be both an asset and a hindrance with ETFs. VGT has experienced less price volatility in recent years, with a milder max drawdown and lower beta. That can give it an edge if the market stumbles, as you're less likely to see significant ups and downs with this ETF.

At the same time, though, more diversification can sometimes result in lower-performing stocks dragging down the fund's total returns. SOXX has a much stronger one-year performance, nearly tripling the returns of VGT.

Each ETF has its own unique strengths and weaknesses, so neither is necessarily the better option. Where you choose to buy will depend on whether you're looking for diversified tech exposure or highly targeted access to semiconductor stocks. Just be sure you understand the risk and reward tradeoff when considering these two particular funds.

GlossaryExpense ratio: The annual fee, as a percentage of assets, that a fund charges its investors.
ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding a basket of assets like stocks or bonds.
Semiconductor: A material or company involved in making chips essential for electronic devices and computing.
Portfolio breadth: The range or diversity of different holdings within an investment fund.
Dividend yield: Annual dividends paid by a fund or stock divided by its current price, shown as a percentage.
Beta: A measure of an investment’s volatility compared to the overall market, typically the S&P 500.
AUM (Assets Under Management): The total market value of assets that a fund manages on behalf of investors.
Max drawdown: The largest percentage drop from a fund’s peak value to its lowest point over a specific period.
Growth of $1,000: The value $1,000 would reach if invested over a specified period, reflecting total returns.
Leverage: The use of borrowed money to increase the potential return (and risk) of an investment.
Currency hedge: A strategy to reduce the impact of currency exchange rate fluctuations on investment returns.

Katie Brockman has positions in Vanguard Information Technology ETF. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Microsoft, Nvidia, and iShares Trust - iShares Semiconductor ETF. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

The answer depends on what you believe about the artificial intelligence spending cycle.

Shares of Nvidia (NVDA +3.80%) have begun to sputter. The stock is close to flat since this summer, with investors worried about peak spending on artificial intelligence (AI) computer chips. With a share price that has risen over 1,000% in the last five years, who can blame them? Nvidia is now the largest company by market cap in the world, and while it is growing its revenue and earnings at an incredible rate right now, that could come to a halt if the AI spending boom collapses.

Does that mean Nvidia stock is set to crash next year?

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Massive current growth, cyclicality risks
There is no denying that Nvidia is growing rapidly right now. It has a lock on the AI computer chip market, meaning that virtually every large technology provider or start-up building AI models needs to buy its products. Last quarter, revenue grew 62% year over year to $57 billion, with data center revenue growing even faster.

Management says that its upcoming Blackwell computer chip is selling out of its upcoming supply, which is a good near-term determination of future growth. Profit margins are off the charts, with operating margin up to 63% last quarter.

If current growth rates continue, then Nvidia will do well for shareholders in 2026. But eventually, the AI computer chip supply will start to match demand, as it does in any spending supercycle. This will lower Nvidia's revenue growth rate, and could make it even turn negative for a short while. Profit margins are going to fall once the company loses its pricing power, especially if competition keeps rising from Alphabet's TPU chip and Amazon's Trainium chip.

A downside scenario such as this could risk Nvidia's earnings power being lower 12 months from now.

Image source: Nvidia.

A valuation that is demanding
Another reason to be concerned about Nvidia's stock in 2026 is its demanding valuation. The stock currently has a price-to-earnings ratio (P/E) of 43, which is well above the market average at a time when the market's average P/E ratio is close to an all-time high.

What does this mean? Investors buying or holding Nvidia stock in 2026 need to expect strong earnings growth in the next few quarters. Nvidia is now one of the largest companies in the world by revenue, with incredibly strong profit margins. It cannot grow revenue at 62% year over year forever with over $50 billion in quarterly revenue; there is simply not that much capital in the world capable of making these large upfront investments into Nvidia computer chips.

Data by YCharts.

Will Nvidia stock crash next year?
It is impossible to have 100% certainty regarding Nvidia's stock price trajectory in 2026. If anyone did, they could become a millionaire rather quickly.

What an investor needs to analyze is how likely it is that Nvidia's stock crashes next year. Right now, spending on AI infrastructure is growing rapidly, which is leading to huge demand for Nvidia computer chips. But there are some signs of cracks showing up in the spending plans for players such as OpenAI, Microsoft, and Oracle. Microsoft is beginning to slow its plans for data center development. OpenAI is trying to spend hundreds of billions of dollars that it doesn't have today. Oracle is turning deeply free-cash-flow-negative to build out cloud computing data centers, and investors are not happy about it.

All of these variables point to risks for Nvidia's demand in 2026. Combined with its high P/E ratio and above-average profit margins, Nvidia stock could definitely crash in 2026. I'm not saying it is guaranteed to happen, but it is something that any Nvidia shareholder needs to consider as a possibility next year.

Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

The streaming giant's returns have beaten the market by a wide margin.

Netflix (NFLX +0.35%) has been back in the news recently with its bid to acquire the majority of Warner Bros. Discovery's assets. Although there's a way to go until that massive deal closes (or falls apart), it represents a new direction for the streaming king.

Netflix has done this several times before -- pivoting into an adjacent business and pioneering new media directions. And if you had invested $500 in its stock 10 years ago, back when it was a different operation, the shares you bought would be worth a lot more today.

Image source: Netflix.

The new Netflix
Netflix, as most readers will know, began as a DVD-by-mail rental service, but it segued into streaming as the technological foundation required to support such services developed. It started offering streaming video subscriptions in 2007, and created its first original content in 2012. By 2015, Netflix was already a household name with a fast-growing business, and smart investors could have easily seen its potential.

If you had invested $500 in late 2015 and held on through the ups and downs that followed, your stake would be worth $3,869 today. That's a 674% gain. For reference, the S&P 500 had a total return of 301% over that decade.

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Could Netflix do that again over the next 10 years? It's unlikely. Netflix is no longer the young and comparatively small company it was 10 years ago. However, it has demonstrated time and time again that it can dictate trends and change the media scene, and it should be able to keep growing. It could still be a strong addition to a well-rounded investment portfolio.

Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix and Warner Bros. Discovery. The Motley Fool has a disclosure policy.

If you are seeking multibagger returns over the long term, this group of five growth stocks may offer some potential.

As we approach a new year, it is the perfect time to add some new money to some of the most promising growth stocks on the market. While the broader S&P 500 index remains within a couple of percentage points of its all-time high, the stocks in this article are down between 22% and 55% from their 52-week highs.

Despite their recent declines, these businesses have exhibited strong past price appreciation (over the longer term) and delivered revenue growth between 16% and 48% in the last quarter. Furthermore, each stock is powered by what could be decades-long megatrends, making them five of the best growth stocks to double down on in 2026.

Image source: Getty Images.

1. Rocket Lab USA
Since its initial public offering (IPO) in 2021, end-to-end space company Rocket Lab USA (RKLB +17.57%) has quickly become a five-bagger for investors. Over the same time, though, its sales have risen nearly tenfold, so I don't believe investors have "missed their chance."

Powered by this growth, the founder-led company has become the No. 3 player in the launch services and space systems industry, trailing only SpaceX and Blue Origin. However, with its first medium-launcher Neutron rocket set for blastoff in Q1 next year, Rocket Lab could become a bigger competitor to its larger peers.

Vertically integrated, Rocket Lab is positioned for decades of growth across its business segments: launch, spacecraft, and payloads. Furthermore, the company's operations continue to scale beautifully.

Data by YCharts.

With McKinsey and Company projecting the space industry to grow from $630 billion in 2023 to $1.8 trillion by 2035, Rocket Lab could outgrow its relatively minuscule market cap of $28 billion. Ultimately, the company's growth optionality is unfathomably considerable as mega-cap tech companies and governments experiment with new space concepts.

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As long as Rocket Lab's sales growth and scaling margins persist, I'm happy to continue adding to the company over time -- especially with shares 20% below their high.

2. Kinsale Capital
If space companies don't interest you, let's try the opposite side of the excitement spectrum and look at Kinsale Capital Group (KNSL +0.32%) and its best-in-class excess and surplus insurance operations. Compounding total returns for investors by 39% since its 2016 IPO, Kinsale may be the most efficient insurer on the market.

With a combined ratio of 77%, the company's profitability is superior to its peers, who maintain an average combined ratio of 92%. What makes this industry-leading profitability even more incredible is that Kinsale produced it while delivering revenue growth of 39% annually over the last decade.

Focusing on small, hard-to-assess risks that its mega-peers typically try to avoid, Kinsale has carved out a lucrative niche for itself. That said, Kinsale's revenue growth slowed to 19% in the latest quarter, as pricing competition intensified and management opted to prioritize profitability over sales growth.

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With its stock down 24% on this growth slowdown, it looks like the perfect time to buy this growth stock.

3. MercadoLibre
Since its IPO in 2007, Latin American e-commerce and fintech juggernaut MercadoLibre (MELI +1.63%) has become a 70-bagger. Over the same time, the company's sales grew from $85 million to $26 billion today. Despite this market-trouncing run, MercadoLibre's brightest days may still lie ahead, even though it is already Latin America's largest business.

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While the company has become synonymous with e-commerce in the countries it serves, the online buying penetration rate in Latin America is still only half that of the U.S.Furthermore, Brazil, Mexico, and Argentina account for 96% of MercadoLibre's sales, showing that there are many more chapters left in the company's growth story as it experiments in new countries.

Home to a massive flywheel that supports its logistics network, which in turn facilitates e-commerce transactions, generating payments for its fintech unit, which helps feed its credit business, and so on, MercadoLibre remains my favorite growth stock to buy after its 23% dip from July 2025 highs.

4. SPS Commerce
SPS Commerce (SPSC 1.01%) is a leading supply chain cloud services provider that has delivered 18% annualized returns for investors since 2010. Growing its sales by 26 times in value over that time, the company's solutions have become mandatory for many retailers, third-party logistics providers, and suppliers as the world continues to shift toward omnichannel sales.

SPS's offerings have become so popular that the company has gone 99 consecutive quarters with positive sales growth. However, after seeing its sales growth rate decelerate slightly and guiding for "only" 8% sales growth in 2026, the company's shares have plummeted over 55% over the last year.

Ultimately, I think this drop is a byproduct of the company being previously priced for perfection at over 70 times free cash flow (FCF).

Data by YCharts.

Now available at just 23 times FCF, and planning to buy back shares with at least half of the FCF it generates, this niche-leading market outperformer looks like a steal.

Image source: Dutch Bros.

5. Dutch Bros
Burgeoning handcrafted beverages chain Dutch Bros (BROS 0.21%) has seen its stock price rise by 14% annually since 2021. Home to 1,089 locations across 17 states, Dutch Bros commands a cult-like following and is rapidly expanding throughout the rest of the U.S. Management's stretch goal for the company is to reach 2,029 locations by 2029 -- and they are well on their way after growing store count by 14% in 2025.

However, Dutch Bros isn't just an expansion story. Its same-store sales have grown for 10 straight quarters, and the company now funds expansion plans almost entirely in-house from the cash generated by its operations. This marks a significant turning point for the company, as it previously relied on issuing new shares to grow, thereby diluting shareholder value.

Trading at 40 times cash from operations, Dutch Bros stock isn't cheap. Yet, if it lands anywhere close to its 2,029 stores by 2029 goal, it could be on its way to becoming a multibagger of its own.

Andrew Gibb is a long-term bull when it comes to cryptocurrencies. Not only does he see institutional investing adding long-term muscles to the trade, but Andrew makes the case for Bitcoin's "amazing narrative" making long-lasting impacts.

Investors are becoming more comfortable with Micron stock, despite its large capital expenditures.

Micron (MU +6.99%) reported fantastic quarterly financial results that sent the stock price higher.

*Stock prices used were the afternoon prices of Dec. 17, 2025. The video was published on Dec. 19, 2025.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Macroeconomic headwinds have investors concerned about Costco stock.

Costco (COST 0.21%) stock is experiencing a rare underperformance in 2025.

*Stock prices used were the afternoon prices of Dec. 17, 2025. The video was published on Dec. 19, 2025.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

MELBOURNE, Australia and INDIANAPOLIS, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) today provides a precision medicine portfolio update in relation to:

The US dollar’s global reserve share dropped to 56.32% in Q2 2025, but 92% of that decline was driven by exchange-rate effects, not central bank portfolio changes. Currency adjustments show a marginal decline to just 57.67%, indicating central banks largely maintained their USD holdings.

The International Monetary Fund’s new Currency Composition of Official Foreign Exchange Reserves (COFER) report provides important insights for crypto investors tracking macroeconomic trends. The data reveals that central banks kept dollar allocations steady, even amid notable currency swings during the quarter.

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IMF: Central Banks Stayed Dollar-Heavy Despite DepreciationThe IMF’s COFER dataset tracks currency reserves from 149 economies in US dollars. In Q2 2025, major currency movements gave the impression of large portfolio reallocations.

According to the report, the DXY index declined by more than 10% in the first half of 2025, its biggest drop since 1973.

The US dollar declined 7.9% against the euro and 9.6% against the Swiss franc in Q2. These swings lowered the USD reserve share from 57.79% to 56.32%. However, this reduction reflected exchange-rate effects rather than active reallocation.

Adjusted for constant exchange rates, the dollar’s reserve share edged down only 0.12% to 57.67%. This indicates that central banks made minimal changes to their dollar reserves during the quarter, challenging stories of global dedollarization.

Similarly, the euro’s reserve share appeared to rise to 21.13%, an increase of 1.13 points. Yet, this was also driven entirely by currency valuations.

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At constant exchange rates, the euro’s share declined slightly by 0.04 points, showing central banks actually trimmed euro holdings.

IMF bar chart showing exchange rate valuations explain almost all the change in the US dollar’s reserve share in Q2 2025, attributed to IMFWhat This Means for Bitcoin and AltcoinsThis analysis offers muted macro signals for Bitcoin and other digital assets marketed as hedges against US dollar weakness. Central banks did not diversify away from the dollar even as the currency depreciated significantly.

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Dedollarization trends are often highlighted as possible drivers of institutional adoption of crypto. However, the COFER data, once adjusted for exchange rates, suggest that these trends can be misleading without proper context.

The British pound also saw its reserve share appear to grow in Q2, but this was another valuation effect covering up a real decrease in holdings. These findings demonstrate why investors should look beyond headline numbers to understand the actual shifts in liquidity.

The IMF’s study provides investors a more accurate view of monetary policy during volatile markets. By distinguishing between true policy moves and temporary valuation changes, crypto investors can better evaluate global macro trends.

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Central Bank Reserve Strategies and OutlookDollar holdings remained stable in Q2 2025, showing central banks still rely on traditional currencies even as digital alternatives gain attention. The IMF emphasized that exchange-rate adjustments are crucial for understanding reserve shifts accurately.

Central banks prioritize liquidity, returns, and risk when managing reserves. The dollar’s strong position is linked to deep markets, high transaction utility, and established systems. These aspects are still hurdles for digital assets to overcome.

The IMF’s methodology reveals how currency changes can distort reserve data. In Q2, nearly all reported shifts in major currencies resulted from valuation swings, not actual portfolio rebalancing. Central banks maintained a careful stance during the market’s turbulence.

These findings help clarify global trends shaping crypto markets. Investors interested in dedollarization as a Bitcoin catalyst should rely on exchange-rate-adjusted numbers.

Bitcoin venture capitalist Nic Carter has reignited the debate over Bitcoin's long-term security with a sweeping report on quantum computing risk, arguing that the real danger is not just cryptography, but how the Bitcoin community responds under pressure.

In brief
Charles Hoskinson said quantum-resistant cryptography is already standardized, but remains too slow for widespread use.
He pointed to DARPA’s quantum benchmarking program as a key reference for when cryptographic risk becomes practical.
Hoskinson said Cardano is exploring staged mitigations while waiting for hardware acceleration to mature.
As blockchain developers debate protocol updates to counter possible future quantum attacks, Cardano founder Charles Hoskinson said the central issue is timing and not what changes to make, warning that moving too soon could carry a high cost for blockchain networks.

According to Hoskinson, the cryptographic tools needed to protect blockchains from future quantum attacks already exist, pointing to post-quantum standards released by the U.S. National Institute of Standards and Technology in 2024. The problem Hoskinson explained is what it would cost if the new protocols are implemented before miners and validators are ready.

“Post-quantum crypto oftentimes it’s about 10 times slower, 10 times larger proof sizes, and 10 times more inefficient,” Hoskinson told Decrypt. “So if you adopt it, what you’re basically doing is taking the throughput of your blockchain and reducing it by cutting off a zero.”

While researchers broadly agree that sufficiently powerful quantum computers could one day break today’s cryptography, there is far less agreement on when that threat becomes real. Estimates place the arrival of a practical quantum computing anywhere from a few years to more than a decade away.

Hoskinson said instead of focusing on hype and corporate timelines when judging how quickly the threat might arrive, paying attention to DARPA’s Quantum Benchmarking Initiative, which is testing whether different quantum computing approaches can deliver useful results, would be a better option.

“It’s the best independent, objective benchmark that can be referenced for whether quantum computers are going to be real or not, and when they’re going to hit and who’s going to make them,” he said.

DARPA has set 2033 as a target year for determining whether utility-scale quantum computing is feasible.

Like most major networks, including Bitcoin, Ethereum, and Solana, Cardano relies on elliptic-curve cryptography, which could theoretically be broken by Shor’s algorithm if sufficiently powerful quantum computers emerge. Hoskinson said the industry already knows how to address that vulnerability, but said the debate came down to a choice between two competing cryptographic approaches.

“There’s two big bets you can make,” Hoskinson said. “Hashes, which is what Ethereum is making, and lattices, which is what we’re making.”

Hash-based cryptography uses cryptographic hash functions to create digital signatures that are widely seen as safe from future quantum attacks. These systems are simple, well-studied, and conservative by design, but they are mainly used for signing data and are not suited for general-purpose encryption.

Lattice-based cryptography relies on hard mathematical problems that are expected to remain difficult even for quantum computers. Lattice cryptography supports not just digital signatures but also encryption, and more advanced cryptographic tools, which proponents say make it better suited for a post-quantum world.

“You can do all your crypto operations on your graphics card, like you would an AI operation,” he said. “So you get to reuse hundreds of billions of dollars of AI computers, and you don't have to build ASICs to accelerate these things.”

Hoskinson, however, did not call for an immediate protocol-wide change in favor of one method or another. Instead, he described a staged mitigation approach. One option he noted involved creating post-quantum-signed checkpoints of Cardano’s ledger history using systems such as Mithril and the privacy-focused Midnight sidechain.

“There are always trade-offs with these systems,” he said. “You can't go from instant finality to probabilistic finality. Once you've made that decision, you've made that decision, and you live with the consequences.”

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

TLDR:

Dogecoin broke multi-year ascending trendline that provided reliable support throughout 2024 cycle
Current support at $0.128 represents last defense before potential 30% decline to $0.090 target
Ichimoku cloud analysis triggered bearish signals preceding 16% price decline in recent sessions
Price action shows lower highs and sharp rejections at $0.285 and $0.210 resistance levels

Dogecoin faces a pivotal moment as the cryptocurrency tests crucial support at $0.128 following the breakdown of a multi-year ascending trendline. 

Technical analysts warn that failure to hold this level could send the meme coin toward $0.090, representing an additional 30% decline from current prices. 

Market observers note mounting selling pressure as DOGE struggles to maintain its position after breaking through long-standing support structures.

Technical Breakdown Signals Bearish Shift
The price chart reveals a concerning pattern for Dogecoin holders. A multi-year ascending trendline that served as reliable support throughout 2024 has been decisively broken. 

This trendline connected multiple low points and marked successful bounce areas during previous corrections.  The breach of this critical support level represents a textbook technical breakdown that typically signals a shift in market sentiment from bullish to bearish.

Analyst Ali Charts highlighted the precarious position in recent commentary. The cryptocurrency reached a peak near $0.467 during the 2024 bull run but has since been grinding lower through a series of lower highs. 

Recent price action shows increasing volatility with sharp rejections occurring at the $0.285 and $0.210 resistance zones. These rejections suggest sellers are overwhelming buyers at elevated price levels.

The current support at $0.128 now serves as the last line of defense before a potential deeper correction. Technical indicators point to deteriorating momentum, with the price structure showing consistent weakness. 

If selling pressure continues to build at current levels, the next major support zone sits at $0.090. This would represent a complete retracement of the trendline support and could trigger capitulation from weaker hands in the market.

Multiple Bearish Signals Converge
Beyond the broken trendline, additional technical indicators paint a bearish picture for Dogecoin. Trader Tardigrade noted that the cryptocurrency has triggered bearish signals from Ichimoku cloud analysis. 

The analyst pointed to a Kumo bearish breakout and a strong bearish cross where price fell below the Kijun-sen line beneath the Kumo cloud. Following these precise bearish signals, DOGE tanked approximately 16%, confirming the technical setup.

However, some analysts identify potential counter-trend patterns developing on shorter timeframes. 

Trader Tardigrade observed an inverse head and shoulders pattern forming on the two-hour chart. This pattern features a shallow right shoulder, which could provide temporary relief if validated. 

Nevertheless, such short-term patterns carry less weight when confronting the breakdown of multi-year support structures and prevailing bearish momentum on higher timeframes.

The confluence of technical factors creates a challenging environment for Dogecoin bulls. Lower highs continue to form, momentum indicators show weakness, and the broken trendline support removes a key psychological safety net. 

Unless buyers step in aggressively to defend the $0.128 level, the cryptocurrency appears headed toward the $0.090 target. This represents a critical moment for the medium-term trajectory of the meme coin.

10 minutes ago

Bitcoin is a decentralized software protocol that has a collective action problem, unlike centralized companies, according to Jameson Lopp.

Migrating Bitcoin (BTC) to post-quantum standards will take at least 5-10 years, according to Bitcoin core developer and co-founder of crypto custody company Casa, Jameson Lopp, who weighed in on the ongoing quantum computer debate.

Lopp agreed with Adam Back, the CEO of crypto infrastructure company Blockstream, that there is no near-term threat to Bitcoin from quantum computers. Lopp said in an X post.

“Quantum computers won't break Bitcoin in the near future. We'll keep observing their evolution. Yet, making thoughtful changes to the protocol and an unprecedented migration of funds could easily take 5 to 10 years. Source: Jameson LoppWe should hope for the best, but prepare for the worst,” he added. In a separate post, he said the Bitcoin protocol is more challenging to upgrade to post-quantum standards than centralized software because of its distributed consensus model.

The debate over the quantum threat and possible solutions continues to be a major topic of discussion in the Bitcoin community, with a growing schism between Bitcoin maximalists, who urge caution in prompting changes to the protocol, and venture capitalists (VCs), who say the quantum threat is imminent.

Bitcoin OGs, developers and whales clash with venture capitalists“Quantum-resistance solutions are affordable enough to be financed by non-profits and VCs,” Bitcoin maximalist Pierre Rochard said.

Rochard added that it would be so expensive to attack Bitcoin through quantum computers that the government would be forced to “subsidize it as a collective action problem.” 

Source: Pierre RochardSamson Mow, a Bitcoin investor and CEO of wallet company and advocacy group JAN3, also cast doubt on the ability of a quantum computer to crack Bitcoin’s security.

“In reality, quantum computers can’t factor the number 21 — not 21 million — 21, without heavy customization to the algorithm,” Mow said.

Despite this, venture capitalists and other investment firms warn that BTC’s price is being impacted by the threat, or perceived threat, from quantum computers.

The price of BTC could dip below $50,000 if the protocol is not quantum-ready by 2028, according to Charles Edwards, the founder of digital asset investment fund Capriole.

Edwards called for Bitcoin node operators to enforce Bitcoin Improvement Proposal (BIP) 360, which introduces a quantum-ready signature scheme for BTC.

Magazine: Quantum attacking Bitcoin would be a waste of time: Kevin O’Leary

Chevron has done well, but ConocoPhillips offers investors the opportunity for both growth and income.

Chevron (CVX +0.01%), the major energy company based in Houston, Texas, has performed fairly well this year. The company's stock is up approximately 3% year to date, and its quarterly dividend of $1.71 has made it a steady value company for the past several years. However, if you're an investor looking for a bit more in the way of growth opportunities in the oil field, then ConocoPhillips (COP 0.40%) is a more attractive buy as we enter into the new year.

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Chevron is a much bigger company with a market capitalization nearly triple that of ConocoPhillips. Chevron can provide a lot of stability and has increased its dividend for 38 consecutive years.

Image source: Getty Images.

ConocoPhillips primed for more growth
So, why would an investor choose ConocoPhillips over Chevron? Shares of COP are down 4.25% as of Dec. 17. When thinking long-term about the trajectory of the two companies over the next decade, ConocoPhillips has similar income opportunities with its dividend, but more to offer investors in the way of growth.

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ConocoPhillips' growth plans include acquisitions, such as its addition of Marathon Oil at the end of 2024, as well as its Willow Project in Alaska, which is expected to produce 180,000 barrels per day starting in early 2029. ConocoPhillips is expanding its Liquefied Natural Gas (LNG) portfolio via equity stakes and acquisitions, too.

ConocoPhillips is committed to reducing costs by up to $1 billion annually. The company has mostly achieved this through workforce reductions. In September of 2025, ConocoPhillips announced layoffs of up to 25% of its global employees. Lastly, ConocoPhillips is disposing of assets, with a goal of $5 billion in dispositions by the end of 2026. This will give the company a tremendous amount of cash on the balance sheet.

ConocoPhillips is executing on its vision and will continue to grow over the next decade. On the income side, COP's dividend isn't quite as robust as Chevron's and is a bit more volatile. Still, the company raised its dividend to $0.84 per share in the most recent quarter. For investors wanting both income and growth, ConocoPhillips more than checks the necessary boxes.

Shares are trading at a fair price
Right now, ConocoPhillips is priced more fairly than Chevron. ConocoPhillips is trading with a price-to-earnings ratio hovering around 13. Chevron is slightly more expensive, with a ratio above 20.

The consensus among analysts is that ConocoPhillips is a buy. For investors on the hunt for dividend-producing stocks with significant growth upside, shares of COP are the way to go.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron. The Motley Fool recommends ConocoPhillips. The Motley Fool has a disclosure policy.

, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against StubHub Holdings, Inc. ("StubHub") (NYSE: STUB) on behalf of those who purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Offering Documents") issued in connection with StubHub's September 2025 initial public offering. The lead plaintiff deadline is January 23, 2026.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you suffered StubHub losses, contact KTMC at: https://www.ktmc.com/new-cases/stubhub-holdings-inc?utm_source=PR_Newswire&mktm=PR 

You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. 

DEFENDANTS' ALLEGED MISCONDUCT:
The complaint alleges that, in the Offering Documents, Defendants made false and/or misleading statements and/or failed to disclose that: (1) StubHub was experiencing changes in the timing of payments to vendors; (2) those changes had a significant adverse impact on StubHub's free cash flow, including trailing 12 months free cash flow; (3) as a result, StubHub's free cash flow reports were materially misleading; and (4) that, as a result of the foregoing, Defendants' positive statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

YouTube Video: https://youtube.com/shorts/OdXl5OZsZXE?feature=share

THE LEAD PLAINTIFF PROCESS:
StubHub investors may, no later than January 23, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages StubHub investors who have suffered significant losses to contact the firm directly to acquire more information.

SIGN UP FOR THE STUBHUB CASE AT: https://www.ktmc.com/new-cases/stubhub-holdings-inc?utm_source=PR_Newswire&mktm=PR

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

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

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

SOURCE Kessler Topaz Meltzer & Check, LLP

Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon.

"We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage," a Waymo spokesperson tells CNBC. "Our teams are working diligently and in close coordination with city officials, and we are hopeful to bring our services back online soon. We appreciate your patience and will provide further updates as soon as they are available."

As power outages spread yesterday, videos shared on social media appeared to show multiple Waymo vehicles stalled in traffic in different parts of the city.

San Francisco resident Matt Schoolfield said he saw at least three Waymo autonomous vehicles stopped in traffic Saturday around 9:45 p.m. local time, including one he photographed near Arguello Boulevard and Geary Street.

"They were just stopping in the middle of the street," Schoolfield said.

The power outages began around 1:09 p.m. Saturday and peaked roughly two hours later, affecting about 130,000 customers, according to Pacific Gas and Electric. As of Sunday morning, about 21,000 customers remained without power, mainly in the Presidio, the Richmond District, Golden Gate Park and parts of downtown San Francisco.

PG&E said the outage was caused by a fire at a substation that resulted in "significant and extensive" damage, and said it could not yet provide a precise timeline for full restoration.

San Francisco Mayor Daniel Lurie said in a 9 p.m. update on X that police officers, fire crews, parking control officers and city ambassadors were deployed across affected neighborhoods as transit service gradually resumed. "Waymo has also paused service," Lurie said.

Amid the disruption, Tesla CEO Elon Musk posted on X: "Tesla Robotaxis were unaffected by the SF power outage."

Unlike Waymo, Tesla does not operate a driverless robotaxi service in San Francisco.

Tesla's local ride-hailing service uses vehicles equipped with "FSD (Supervised)," a premium driver assistance system. The service requires a human driver behind the wheel at all times.

According to state regulators — including the California Department of Motor Vehicles and California Public Utilities Commission — Tesla has not obtained permits to conduct driverless testing or services in the state without human safety supervisors behind the wheel, ready to steer or brake at any time.

Tesla is vying to become a robotaxi titan, but does not yet operate commercial, driverless services. Tesla's Robotaxi app allows users to hail a ride; however, its vehicles currently have human safety supervisors or drivers on board, even in states where the company has obtained permits for driverless operations.

Waymo, which leads the nascent industry in the West, is Tesla's chief competitor in AVs, along with Chinese players like Baidu-owned Apollo Go.

The outage-related disruptions in San Francisco come as robotaxi services are becoming more common in other major U.S. cities. Waymo is among a small number of companies operating fully driverless ride-hailing services for the public, even as unease about autonomous vehicles remains high.

A survey by the American Automobile Association earlier this year found that about two-thirds of U.S. drivers said they were fearful of autonomous vehicles.

The Waymo pause in San Francisco indicates cities are not yet ready for highly automated vehicles to inundate their streets, said Bryan Reimer, a research scientist at the MIT Center for Transportation and co-author of "How to Make AI Useful."

"Something in the design and development of this technology was missed that clearly illustrates it was not the robust solution many would like to believe it is," he said.

Reimer noted that power outages are entirely predictable. "Not for eternity, but in the foreseeable future, we will need to mix human and machine intelligence, and have human backup systems in place around highly automated systems, including robotaxis," he said.

State and city regulators will need to consider what the maximum penetration of highly automated vehicles should be in their region, Reimer added, and AV developers should be held responsible for "chaos gridlock," just as human drivers would be held responsible for how they drive during a blackout.

Waymo did not say when its service would resume and did not specify whether collisions involving its vehicles had occurred during the blackout.

Tesla and the National Highway Traffic Safety Administration did not immediately respond to requests for comment.

This is a developing story. Please check back for updates.

— CNBC's Riya Bhattacharjee contributed reporting.

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of New Era Energy & Digital, Inc. (NASDAQ: NUAI) resulting from allegations that New Era Energy & Digital may have issued materially misleading business information to the investing public.

So What: If you purchased New Era Energy & Digital securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=49293 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On December 12, 2025, Investing.com published an article entitled "New Era Energy & Digital stock falls after Fuzzy Panda short report." The article stated that New Era Energy & Digital stock "tumbled" after "short seller Fuzzy Panda Research released a scathing report targeting the company." Further, the article stated that Fuzzy Panda's short report, "titled 'NUAI: Serial Penny Stock CEO Combined Bad Gas Assets, Paid Stock Promo, Renamed Co & Added 'AI',' alleges that the company spent 2.5 times more on stock promotions than on operating its oil and gas wells. Fuzzy Panda claims CEO E. Will Gray II has a history of running penny stock companies "into the ground" over approximately 20 years."

On this news, New Era Energy & Digital stock fell 6.9% on December 12, 2025.

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

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

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

Contact Information:

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

SOURCE THE ROSEN LAW FIRM, P. A.

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The hardest part about investing in artificial intelligence isn’t believing in the technology—it’s deciding which companies will actually profit from it. Will chip makers dominate? Cloud providers? Software platforms? Infrastructure builders? The answer is probably all of them, which is why iShares Future AI & Tech ETF (NYSEARCA:ARTY) has become popular for investors wanting broad AI exposure without concentrated bets.

What ARTY Actually Does
ARTY provides exposure to the entire AI value chain through a single ticker. With $1.9 billion in assets and a 0.47% expense ratio, the fund holds 67 companies spanning semiconductors, data center infrastructure, cloud platforms, and AI software. The portfolio tilts heavily toward technology at 66.4%, but captures less obvious AI plays. Vertiv Holdings (NYSE:VRT), a data center infrastructure company, is the fund’s largest holding at 5.95%—bigger than NVIDIA (NASDAQ:NVDA)’s 4.3%, revealing a sophisticated thesis: AI needs massive physical infrastructure most investors overlook.

The diversification is real. No single holding exceeds 6%, and the top 10 include chip designers (Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), NVIDIA), networking equipment (Arista Networks (NYSE:ANET)), AI platforms (Palantir Technologies (NYSE:PLTR), MongoDB (NASDAQ:MDB)), and hyperscalers (Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN)). One Reddit user on r/ETFs discussed AI-focused ETFs, writing: “ARTY is a good choice if you want exposure to the entire AI stack – from infrastructure (data centers, chips) to software and applications. It’s more balanced than just buying NVIDIA or pure-play chip ETFs.” This observation highlights how ARTY balances infrastructure with software layers of the AI stack.

This infographic details how ARTY provides broad AI exposure across the entire AI value chain, from infrastructure to software, outlining its benefits and drawbacks as a satellite investment.

Performance That Justifies the Thesis
ARTY delivered a 28.6% return year-to-date through December 2025, crushing both the S&P 500’s 16.1% and the Nasdaq-100’s 20.7%. That’s over 12 percentage points of alpha versus the broad market and nearly 8 points versus a tech-heavy benchmark.

The fund’s 119% portfolio turnover reflects active management, allowing repositioning as the AI landscape evolves.

The Tradeoffs You’re Accepting
ARTY is a concentrated sector bet. With two-thirds in technology, you’re exposed to tech sector volatility and valuation risk. When AI enthusiasm cools or interest rates spike, this fund will feel it harder than a diversified portfolio. The 1.52 equity beta confirms higher volatility than the broader market.

You’re also accepting negligible dividend income. The fund’s yield is essentially zero, making this purely a capital appreciation play.

Who Should Skip This
Conservative investors nearing retirement should avoid ARTY. The volatility and lack of income make it unsuitable for capital preservation. Investors with significant direct holdings in NVIDIA, Microsoft, or other mega-cap tech names may find they’re doubling down on existing positions, negating the diversification benefit.

Consider BOTZ as an Alternative
Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) offers a different angle with $3 billion in assets and broader sector exposure. While BOTZ charges a higher 0.68% expense ratio, it allocates only 26.5% to technology, spreading risk across healthcare robotics, industrial automation, and international companies. The tradeoff? BOTZ has significantly underperformed, gaining just 12.8% year-to-date versus ARTY’s 28.6%. If you want lower concentration risk and don’t mind sacrificing returns, BOTZ provides more defensive positioning.

ARTY works best as a satellite position for investors who believe AI infrastructure and software will drive the next decade of tech growth but don’t want to pick individual winners. Just understand you’re accepting higher volatility in exchange for concentrated exposure to one of the market’s most compelling themes.

BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN) (“CWAN” or the “Company”), announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus-led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners. After a thorough process including engaging with certain strategics and financial sponsors, the Special Committe.

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Institutional demand for Solana (SOL) has reached frenetic levels in recent weeks, reaching peak hysteria after Breakpoint 2025. Alongside the rising appetite for SOL, Bitwise’s Solana exchange-traded fund (ETF) recorded positive inflows for 33 consecutive days, setting a new record for the offering.

Bitwise Solana ETF Underscores Rising Institutional Demand
According to data from SosoValue, the Bitwise Solana Staking ETF (BSOL) has raked in 33 straight days of positive inflows since its launch, setting a record high for ETFs. Per the report, the steady inflows have sent BSOL’s market value to $661 million in less than two months since going live.

The ETF holds 5,026,203 SOL in trust for investors, underscoring a rising interest in the ETF. As of the latest trading session, BSOL is priced at $17.33, closely tracking its net asset value (NAV) of $17.31.

The sustained inflows position Bitwise Solana ETF among the fastest-growing crypto ETFs, reinforcing SOL’s emergence as a preferred asset class on par with Ethereum. Furthermore, market observers have opined that the ETF’s ability to attract steady inflows suggests that demand is driven by strategic positioning rather than short-term price speculation.

The inflows come amid a rocky patch for SOL, with the asset shedding nearly 3% of its market value over the last day. On the weekly chart, SOL has lost 5%, with BSOL’s inflows in the last seven days still in the green.

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Meanwhile, Solana founder Anatoly Yakovenko reacted to the ETF data, posting a headblown emoji on X (formerly Twitter). While BSOL has enjoyed a fine run of form, spot XRP ETFs are pulling in similar figures, braving the broader market headwinds.

Solana Demand Surges To New Highs
Amid the glowing ETF figures for BSOL, institutional interest in Solana has spiked in recent weeks. XRP has gone live on Solana, with several Solana teams announcing product launches during Breakpoint 2025.

In terms of network metrics, stablecoin supply climbed past $16 billion while daily trading volume is up by $107% at $5.11 billion. Furthermore, a handful of ecosystem projects have posted glowing numbers with HumidiFi and Asgard Finance recording impressive on-chain raises.

Furthermore, Solana-based America.fun and Marinade Finance have set all-time highs for daily trading volumes in the days leading up to Breakpoint 2025.