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Algebris UK Ltd. purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,098 shares of the computer hardware maker’s stock, valued at approximately $2,214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. bought a new stake in shares of NVIDIA during the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA in the first quarter worth approximately $27,000. Langley Wealth Management LLC acquired a new position in NVIDIA in the second quarter valued at approximately $34,000. Phillip James Consulting Co. acquired a new position in NVIDIA in the first quarter valued at approximately $40,000. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Key NVIDIA News Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning. Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution NVIDIA Price Performance NVDA stock opened at $233.95 on Monday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $237.88. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $218.74 and its 200-day moving average is $207.65. The firm has a market capitalization of $5.64 trillion, a PE ratio of 29.58, a P/E/G ratio of 1.81 and a beta of 2.22. NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. NVIDIA’s revenue was up 105.9% compared to the same quarter last year. Sell-side analysts expect that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a stock buyback program on Monday, September 28th that authorizes the company to buyback $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s payout ratio is currently 12.64%.

Insider Transactions at NVIDIA In related news, CFO Colette Kress sold 34,918 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last quarter. 3.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday, August 31st. Piper Sandler started coverage on shares of NVIDIA in a research note on Wednesday, September 9th. They set an “overweight” rating and a $300.00 target price on the stock. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Monday, September 21st. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, KeyCorp reiterated an “overweight” rating and set a $330.00 price objective on shares of NVIDIA in a report on Monday, August 24th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $320.71.

Get Our Latest Analysis on NVDA

NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Featured Stories Five stocks we like better than NVIDIA Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers? MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?

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Oxford Financial Group LTD. LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 23.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,951 shares of the computer hardware maker’s stock after selling 27,153 shares during the period. NVIDIA comprises about 0.9% of Oxford Financial Group LTD. LLC’s holdings, making the stock its 15th largest holding. Oxford Financial Group LTD. LLC’s holdings in NVIDIA were worth $17,598,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NVDA. Kilter Group LLC lifted its position in NVIDIA by 5.9% in the 2nd quarter. Kilter Group LLC now owns 8,795 shares of the computer hardware maker’s stock worth $1,760,000 after buying an additional 491 shares in the last quarter. D L Carlson Investment Group Inc. grew its holdings in shares of NVIDIA by 0.6% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 114,511 shares of the computer hardware maker’s stock valued at $22,912,000 after acquiring an additional 706 shares in the last quarter. Fischer Financial Services Inc. grew its holdings in shares of NVIDIA by 3.0% during the 2nd quarter. Fischer Financial Services Inc. now owns 109,580 shares of the computer hardware maker’s stock valued at $21,926,000 after acquiring an additional 3,197 shares in the last quarter. Ninepoint Partners LP acquired a new position in shares of NVIDIA in the second quarter worth $5,039,000. Finally, SGL Investment Advisors Inc. increased its position in NVIDIA by 1.4% in the 2nd quarter. SGL Investment Advisors Inc. now owns 40,345 shares of the computer hardware maker’s stock worth $8,777,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA News Roundup Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning. Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution Wall Street Analyst Weigh In Several brokerages have recently commented on NVDA. President Capital increased their price target on shares of NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. BMO Capital Markets set a $340.00 price target on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Raymond James Financial set a $515.00 target price on shares of NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday, August 27th. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $320.71. Read Our Latest Analysis on NVIDIA

Insider Activity at NVIDIA In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 over the last ninety days. 3.94% of the stock is owned by insiders.

NVIDIA Stock Performance Shares of NASDAQ:NVDA opened at $233.95 on Monday. The business’s fifty day moving average price is $218.74 and its two-hundred day moving average price is $207.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $237.88. The stock has a market capitalization of $5.64 trillion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 105.9% on a year-over-year basis. As a group, analysts predict that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA’s dividend payout ratio (DPR) is 12.64%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 28th that permits the company to buyback $150.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Read More Five stocks we like better than NVIDIA Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers? MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?

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Silvant Capital Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,174,219 shares of the computer hardware maker’s stock after buying an additional 40,560 shares during the quarter. NVIDIA accounts for 12.7% of Silvant Capital Management LLC’s investment portfolio, making the stock its largest holding. Silvant Capital Management LLC’s holdings in NVIDIA were worth $435,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc increased its stake in shares of NVIDIA by 2.2% during the 2nd quarter. Impax Asset Management Group plc now owns 3,722,756 shares of the computer hardware maker’s stock worth $744,886,000 after purchasing an additional 81,671 shares during the last quarter. KilterHowling LLC raised its stake in shares of NVIDIA by 2.6% in the second quarter. KilterHowling LLC now owns 8,185 shares of the computer hardware maker’s stock valued at $1,638,000 after buying an additional 211 shares during the period. Kilter Group LLC raised its stake in shares of NVIDIA by 5.9% in the second quarter. Kilter Group LLC now owns 8,795 shares of the computer hardware maker’s stock valued at $1,760,000 after buying an additional 491 shares during the period. D L Carlson Investment Group Inc. lifted its position in shares of NVIDIA by 0.6% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 114,511 shares of the computer hardware maker’s stock valued at $22,912,000 after buying an additional 706 shares during the last quarter. Finally, Fischer Financial Services Inc. grew its stake in shares of NVIDIA by 3.0% during the 2nd quarter. Fischer Financial Services Inc. now owns 109,580 shares of the computer hardware maker’s stock worth $21,926,000 after acquiring an additional 3,197 shares during the period. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades Several research firms recently commented on NVDA. Truist Financial raised their price objective on shares of NVIDIA from $307.00 to $346.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Daiwa Securities Group decreased their price objective on shares of NVIDIA from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, September 17th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday. Morgan Stanley set a $230.00 price objective on NVIDIA in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on NVIDIA from $280.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $320.71.

Read Our Latest Analysis on NVIDIA Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning. Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution Insider Buying and Selling In related news, Director Mark Stevens sold 622,239 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last ninety days. Company insiders own 3.94% of the company’s stock.

NVIDIA Stock Performance NASDAQ:NVDA opened at $233.95 on Monday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $237.88. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $218.74 and its 200 day simple moving average is $207.65. The stock has a market cap of $5.64 trillion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. NVIDIA’s revenue was up 105.9% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. NVIDIA’s payout ratio is currently 12.64%.

NVIDIA declared that its board has initiated a stock repurchase plan on Monday, September 28th that allows the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

NVIDIA Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Further Reading Five stocks we like better than NVIDIA Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have It McDonald’s Is Undergoing a Massive New Growth Strategy. Can It Win Back Consumers? MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning? Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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The Pentagon placed a massive bet on a single American company to break China's stranglehold on rare earth magnets, and General Motors is first in line to find out if that wager pays off.

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On July 10, 2025, the Department of Defense agreed to buy $400 million of convertible preferred stock in MP Materials (NYSE:MP), along with a ten-year warrant. The government’s projected ownership stake of 15% made it the company’s largest shareholder. The deal also included a $150 million loan to expand Mountain Pass and a 10-year commitment to buy all of the company’s output at $110/kg for neodymium-praseodymium (NdPr), the key rare earth input in permanent magnets.

General Motors (NYSE:GM | GM Price Prediction) is first in line for MP’s magnets, according to The Business Journals. The Pentagon deal and GM supply agreement fund different facilities on separate schedules.

Pentagon Capital Targets Mountain Pass and a Future Plant Pentagon money funds upgrades at Mountain Pass in California and a separate magnet plant called 10X. Commissioning at 10X is expected around 2028. The Department of War remains MP’s partner on the project.

GM’s Magnets Come From an Already Running Texas Plant GM’s magnets come from a different facility, and MP paid for it. The two companies signed their supply agreement in December 2021 and released the details in April 2022. MP backed the deal with a $700 million investment commitment of its own to supply magnets for GM’s Ultium-platform electric vehicles. MP began commercially producing rare earth metal for GM in 2024. Its Independence facility in Fort Worth has made neodymium-iron-boron magnets since December 2025, according to MP’s fourth-quarter 2025 earnings release filed with the SEC.

Reports on delivery timing conflict. In mid-September, The Business Journals reported that MP delivered its first magnets to GM from Fort Worth. Days later, GM Authority described GM as “About To” take delivery. On MP’s August earnings call, the CFO said regular production deliveries should begin sometime in the fourth quarter of 2026, starting at small volumes. No exact shipment date has been made public. The best reading of the record is that the milestone is underway or very close.

Mine to Magnet Under One Roof Co-founder and CEO James Litinsky said “no single entity” elsewhere handles the entire supply chain under one roof. MP is America’s only fully integrated rare earth producer, from mining and processing through metallization and magnet manufacturing. Its customers include Apple (NASDAQ:AAPL) and U.S. aerospace and defense contractors.

China has dominated rare earths since Deng Xiaoping’s 1992 comment that the Middle East has oil and China has rare earths. MP stopped selling concentrate to China in July 2025.

Stock Already Traded the Pentagon Story MP’s share price at each of its recent filings shows how the market responded. At its May 8, 2025 filing, before the agreement, shares stood at $23.90. At its August 7, 2025 filing, weeks after the deal, they were at $77.05. They were at $72.20 at the May 7, 2026 filing and $48.47 at the August 6, 2026 filing.

The shares closed at $46.98 on Friday, October 2, 2026, up 1.93% for the session. That close left them down 33.81% over one year and 14.13% over one month, for a market value of $8.37 billion. Over ten years, they are up 369.70%.

The stock ran up sharply on Pentagon news, then gave back much of the gain. MP rallied on unrelated headlines, including a 6% surge in late September as traders considered the critical minerals growth story, according to 24/7 Wall St.

China’s grip on the rare earth supply chain is the whole reason the Pentagon wrote the check, and we mapped out why the fix takes years, not weeks, in a free guide here: The Next Nvidia Playbook.

Amin Credits MP’s Pace for the Shorter Timeline GM’s chief supply officer Shilpan Amin said the full development cycle should have taken 8 years. The companies got there in 5 years because of MP’s pace. Litinsky said finding customers who believe in you is the “hardest thing” early on. GM signed as an anchor customer in 2021, before Washington invested capital, and that commitment cut the schedules.

The GM milestone shows Independence works. Government capital depends on 10X, still under construction and expected to begin commissioning around 2028.

Contact [email protected] for any questions or corrections.

Oracle just burned through billions in free cash flow while a $664 billion backlog sits waiting to convert, and Wall Street analysts are betting the gap between those two numbers holds the key to a 67% return.

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Oracle (NYSE:ORCL | ORCL Price Prediction) trades at $142.50. Cash burn today funds AI capacity customers have already signed up to use.

Oracle built its name on database software and enterprise applications. Cloud now drives the story, reaching 60% of total revenue last quarter. The stock is down 50.16% over the past year from a 52-week high of $319.46. Investors pulled back after free cash flow came in at negative $23.7 billion in fiscal 2026 and negative $5.4 billion last quarter.

A $664 Billion Backlog Is Converting Into Revenue Q1 fiscal 2027 revenue rose 29.6% to $19.345 billion, with cloud infrastructure revenue up 121% to $7.39 billion. Remaining performance obligations hit $664 billion, with management expecting “around half of our RPO to convert into sales over the next 36 months.” GPU utilization was 97.9%, and renewed capacity commanded a 20% premium.

Oracle booked over $30 billion in new AI contracts requiring no extra cash, mostly structured as prepayments or bring-your-own-hardware deals. Operating cash flow rose 184% to $23.1 billion. Guidance calls for at least $90 billion in fiscal 2027 revenue and $8.10 in non-GAAP EPS. The stock trades at 18x forward earnings with a PEG ratio of 0.807.

A Ballooning Capex Bill Strains the Balance Sheet Capex reached $28.5 billion in a single quarter, and management expects $90 to $95 billion for the full year. When asked when free cash flow turns positive, management said, “We haven’t given a particular timeframe on that yet.” Interest expense rose 55% to $1.4 billion, and total liabilities stand at $236.06 billion. A completed $20 billion at-the-market equity program diluted existing shareholders.

Software license revenue fell 15%. The backlog is concentrated in a few large AI customers, and new sites in New Mexico and Wisconsin still face regulatory approval and power hurdles (the same power and cooling constraint we broke down across seven AI infrastructure suppliers: here). Shares fell 13% after the Q2 fiscal 2026 revenue miss.

Investor Day Could Settle the Margin Debate Management expects gross margins to flatten as expansion finishes and will detail margins at its upcoming Investor Day. Shares trade under the 200-day moving average of $162.89 and near the 50-day average of $143.59. A firm free cash flow timeline or smooth Vera Rubin delivery would strengthen the bull case. A capex increase without matching prepayments would strengthen the bearish thesis.

Wall Street Sees 67% Upside in a Stock Cut in Half The average analyst target is $237.97, meaning 67% upside. Of 43 analysts covering the stock:

Strong Buy: 7 Buy: 28 Hold: 7 Sell: 1 Oracle trades at 22 times trailing earnings. Over the past year the stock lost 50.16% while the S&P 500 gained 15.01%. Year to date, Oracle is down 26.28% and the index is up 12.86%.

Negative Free Cash Flow Is Funding a Contracted Growth Engine At $142.50, Oracle’s investment case rests on cash flow quality and backlog conversion.

Negative free cash flow exaggerates the problem. After prepayments, Q1 cash capex was $18 billion, below operating cash flow. Management caps full-year net cash capex at 70 billion. Hilary Maxson said scaled projects deliver “a free cash flow conversion ratio of something like 100% to post-tax EBITDA.”

RPO conversion drives upside. Q2 guidance calls for 65-71% cloud growth. Co-founder Larry Ellison also canceled his plan to sell Oracle stock.

The thesis breaks if renewal pricing falls, utilization drops, or the prepayment share shrinks and forces more debt. Those three signals are the key metrics to monitor each quarter.

At 18x forward earnings, Oracle carries a $664 billion signed backlog, with prepayments already offsetting part of its cash burn.

Contact [email protected] for any questions or corrections.

One of the most exciting yet controversial stocks in the market today is no doubt Palantir Technologies (PLTR -0.68%). The stock is up nearly 675% over the past five years, as of this writing, but it has also drawn criticism from respected short-seller Michael Burry. Burry made a name for himself by calling the housing collapse and is one of the key figures in the movie The Big Short, which documented that collapse.

The running joke around Palantir has long been that no one actually knows what the company does, despite the stock's strong performance. The company was formed shortly after the Sept. 11, 2001, terrorist attacks and was backed by PayPal co-founder Peter Thiel, who believed PayPal's fraud-detection framework could be adapted for use by security analysts.

Image source: Getty Images.

Palantir's first commercially successful product, stemming from these efforts, was its Gotham platform. The solution could gather and analyze data from disparate sources and help spot anomalies to detect potential threats. The government used the platform to follow money trails to uncover terrorist activities, and its Foundry solution was later adopted to track COVID-19 cases. Today, its platforms are used for a variety of use cases by the government, including out on the battlefield, helping with military intelligence.

While Foundry is used by the government, it has also helped push the company into the commercial market. Foundry aggregates information from various parts of an organization and unifies it into an ontology that links the data to physical objects and real-world processes. The solution took off after the company built its Artificial Intelligence Platform (AIP) on top of it, serving as an AI orchestration layer. The combination of clean data that can be linked to physical assets and everyday concepts has significantly reduced AI hallucinations in third-party AI models and delivered actionable insights. In essence, this has turned Palantir's AIP into something akin to an AI operating system.

Palantir consistently reports accelerating growth The rise of AI and the launch of Palantir's AIP set in motion huge growth for the company, especially in the U.S. commercial sector. The company's revenue growth has now accelerated for 12 consecutive quarters, culminating in a huge 93% year-over-year surge in Q2 2026.

Metric (YOY)

Q2 2023

Q3 2023

Q4 2024

Q1 2024

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Revenue growth

13%

17%

20%

21%

27%

30%

36%

39%

48%

63%

70%

85%

93%

Source: Company earnings reports. YOY = Year over year.

U.S. commercial revenue has been leading the way, skyrocketing 149% last quarter to $764 million in the quarter, while U.S. commercial remaining deal value soared 124% to $6.24 billion. The company is both adding new customers at a strong clip and seeing rapid growth with existing customers. Last quarter, its U.S. commercial customer count rose by 35% year over year and 6% sequentially. Perhaps the most impressive metric from Palantir's Q2 report, though, was its net revenue retention, which measures revenue growth from existing customers that have been with the company for more than 12 months. This metric came in at an eye-popping 157%.

Despite Palantir's impressive growth, Burry has thrown shade on the stock and has been increasing his short position. The most obvious knock on the stock is its valuation, which currently sits at a forward price-to-sales (P/S) ratio of 37 times 2027 analyst estimates. That's a hefty valuation, although the hypergrowth Palantir is currently experiencing can bring that multiple down pretty quickly if it can be sustained.

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Burry has also argued that Palantir's metrics resemble those of a consulting firm like Accenture rather than a software-as-a-service (SaaS) company, given its mounting receivables. However, the company's 85% gross margin doesn't look like anything close to Accenture's 32% gross margin last quarter, and its receivables are tied directly to how the government pays its customers.

Burry also thinks AI models could threaten Palantir's competitive moat. First, admitting the company has a moat seems to contradict his first argument that it is more akin to a consulting firm, as expressing concern over a threat to a moat implicitly acknowledges that a moat exists in the first place. Meanwhile, the importance of AI-model-agnostic software layers is becoming more evident by the day. AIP does not compete with AI models, and instead is a hugely important orchestration layer that sits on top of them.

Overall, while I agree Palantir stock isn't cheap, I still think it could become one of the largest and most important AI companies in the world over the next decade. This makes the bullish case stronger.

Geoffrey Seiler has positions in PayPal. The Motley Fool has positions in and recommends Accenture Plc, Palantir Technologies, and PayPal. The Motley Fool recommends the following options: long January 2028 $260 calls on Accenture Plc, short December 2026 $62.50 calls on PayPal, and short January 2028 $280 calls on Accenture Plc. The Motley Fool has a disclosure policy.

The Charles Schwab Corporation (NYSE:SCHW) will release earnings for its third quarter before the opening bell on Thursday, Oct. 15.

Analysts expect the Westlake, Texas-based company to report quarterly earnings of $1.67 per share, up from $1.31 per share in the year-ago period. The consensus estimate for SCHWs quarterly revenue is $7.21 billion. It reported $6.13 billion last year, according to Benzinga Pro.

On Oct. 1, Charles Schwab announced it will begin dual listing its common stock on the Texas Stock Exchange (TXSE).

Shares of Charles Schwab fell 1.7% to close at $96.70 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Piper Sandler analyst Patrick Moley maintained the stock with a Neutral rating and cut the price target from $118 to $100 on Oct. 2, 2026. This analyst has an accuracy rate of 79%. Compass Point analyst Ed Engel initiated coverage on the stock with a Buy rating and a price target of $135 on Aug. 3, 2026. This analyst has an accuracy rate of 61%. Morgan Stanley analyst Michael Cyprys maintained the stock with an Overweight rating and raised the price target from $133 to $136 on July 27, 2026. This analyst has an accuracy rate of 67%. Argus Research analyst Stephen Biggar maintained the stock with a Buy rating and raised the price target from $108 to $114 on July 23, 2026. This analyst has an accuracy rate of 72%. UBS analyst Michael Brown maintained the stock with a Buy rating and raised the price target from $122 to $128 on July 22, 2026. This analyst has an accuracy rate of 56%. Considering buying SCHW stock? Here’s what analysts think:

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CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation (TSX: ATH) (“Athabasca”) in a cash and stock transaction with an implied enterprise value of $5.7 billion.

Transaction Highlights

Clear strategic fit with Cenovus’s core oil sands business – Adds approximately 45 thousand barrels of oil equivalent per day (MBOE/d)1, including thermal production proximal to Cenovus’s Christina Lake, May River and Thornbury assets, expanding the company’s position in a core resource fairway.High-quality, long-life resource – Over 75 years of proved plus probable reserves life1, including high-quality oil sands assets at Leismer and Corner, providing significant growth potential and a pathway to accelerate thermal production to 115 thousand barrels per day (Mbbls/d) by 2032.Leverages Cenovus’s SAGD operating expertise – Application of Cenovus's proven SAGD operating model to Athabasca’s assets is expected to enhance reservoir performance, reduce steam-to-oil ratios, and accelerate resource recovery. Together with a differentiated project execution track record, including the profitable completion of over 30 successful oil sands phase expansions to date, Cenovus is uniquely positioned to optimize the value of the acquired SAGD assets.$85 million of annual corporate and commercial synergies – Cenovus expects to realize approximately $85 million per year of corporate and commercial synergies, with the majority captured in the first full year following closing of the transaction.Consolidates scalable Duvernay platform – Consolidates ownership of Duvernay Energy Corporation, a high-quality, oil-weighted position in the Kaybob Duvernay, with the option to accelerate development and grow production to a sustainable 20 MBOE/d. “This transaction strengthens our position in one of the world’s premier oil-producing regions and is a natural extension of our oil sands strategy,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “Athabasca’s high-quality, long-life assets fit well with our portfolio and provide a clear opportunity to apply our scale and operating expertise to improve performance, grow production and create long-term shareholder value.”

1 Production and reserves life based on estimated 2026 production exit rate. See Advisory.

Transaction details

Under the terms of the arrangement agreement, Cenovus will acquire all of the issued and outstanding common shares of Athabasca at a price of $12.00 per share, payable in cash and Cenovus common shares. Each Athabasca shareholder (other than dissenting Athabasca shareholders) will have the option to elect to receive, for each Athabasca common share held: (i) $12.00 in cash; (ii) 0.264 of a Cenovus common share; or (iii) such other proportion of cash and Cenovus shares as specified by the Athabasca shareholder. Shareholders who do not make a valid election will be deemed to have elected to receive cash for each of their Athabasca common shares.

All elections will be subject to pro-ration based on a maximum of $4.3 billion in cash, equivalent to 75% of the total consideration, and a maximum of 44.4 million Cenovus common shares, equivalent to 35% of the total consideration. As a result, the aggregate consideration will comprise between 65% and 75% cash and between 25% and 35% Cenovus shares, based on elections made and deemed to be made by Athabasca shareholders. Depending on a particular shareholder’s election and pro-rationing, an Athabasca shareholder may ultimately receive entirely cash, entirely Cenovus shares or a combination of both.

Transaction funding

The cash portion of the consideration will be funded with cash on hand and certain short-term borrowings. Cenovus’s financial framework and net debt target of $4 billion are to remain unchanged.

Cenovus’s net debt at the end of the third quarter was approximately $3.0 billion. Including the cash component of this transaction, year-end 2026 pro forma net debt is expected to be between $5.0 billion to $5.5 billion2 at strip pricing representing less than 0.5 times adjusted funds flow3.

2 Assumes the maximum aggregate cash consideration of 75% or $4.3 billion and includes estimated transaction costs incurred upon closing. Forecasted at forward strip pricing as of September 30, 2026. Pro forma net debt may differ based on Athabasca shareholder elections and pro-ration.
3 Non-GAAP financial measure. See Advisory.

Timing and approvals

The transaction has been unanimously approved by the Board of Directors of both companies. Athabasca’s directors and executive officers have entered into voting and support agreements with Cenovus, pursuant to which they have agreed, subject to their terms, to vote all Athabasca common shares beneficially owned or controlled by them, representing approximately 2.2% of Athabasca’s issued and outstanding common shares, in favour of the transaction.

Cenovus expects the acquisition to close in December 2026, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval of the transaction by Athabasca shareholders. The transaction is not subject to any financing contingency.

Advisors

CIBC Capital Markets is acting as the exclusive financial advisor to Cenovus. McCarthy Tétrault LLP is acting as legal advisor to Cenovus.

Conference call today

Cenovus will host a conference call today, October 5, 2026, starting at 7 a.m. MT (9 a.m. ET).

For analysts wanting to join the call, please register in advance.

To participate in the live conference call, you must complete the online registration form in advance of the conference call start time. Register ahead of time to receive a unique PIN to access the conference call via telephone. Once registered, participants can dial into the conference call from their telephone via the unique PIN or click on the "Call Me" option to receive an automated call directly.

An audio webcast will also be available and archived for approximately 30 days.

A slide presentation with further details on the transaction can also be accessed in the investor section of our website at cenovus.com.

Advisory

Basis of Presentation
Cenovus reports financial results in Canadian dollars and presents production volumes on a net to Cenovus before royalties basis, unless otherwise stated. Cenovus prepares its financial statements in accordance with International Financial Reporting Standards (IFRS) Accounting Standards.

Forward-looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking information”) within the meaning of applicable securities legislation about Cenovus’s current expectations, estimates and projections about the future of Cenovus, including following the acquisition of Athabasca, based on certain assumptions made in light of Cenovus’s experiences and perceptions of historical trends. Although Cenovus believes that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking information in this news release is identified by words such as “accelerate”, “acquire”, “anticipate”, “consolidate”, “create”, “depend”, “enhance”, “expect”, “leverage”, “maintain”, “may”, “opportunity”, “optimize”, “option”, “position”, “potential”, “realize”, “reduce”, “remain”, “synergy”, “target” and “will” or similar expressions and includes suggestions of future outcomes, including, but not limited to, statements about: acquiring all of the issued and outstanding common shares of Athabasca pursuant to a plan of arrangement (the “Acquisition”); elections of Athabasca shareholders and the associated pro-rations of cash and share consideration; integrating Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; the ownership consolidation of Duvernay Energy Corporation and the benefits therefrom; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; the benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; the funding of consideration; Cenovus's financial framework and net debt target of $4 billion remaining unchanged following the closing of the Acquisition; net debt and pro forma net debt following the closing of the Acquisition; anticipated pro forma net debt relative to adjusted funds flow at strip pricing; and timing of closing of the Acquisition.

Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and Athabasca and others that apply to the industry generally. The factors or assumptions on which the forward-looking information in this news release is based include, but are not limited to: information currently available to Cenovus about itself and Athabasca and the businesses in which they operate; the completion of the Acquisition on anticipated terms and timing; the satisfaction of customary closing conditions and obtaining regulatory and Athabasca shareholder approvals; general economic, market and business conditions; anticipated tax treatment; that actions by third parties do not delay or otherwise adversely affect completion of the Acquisition; that any litigation relating to the Acquisition does not prevent, materially delay or otherwise adversely affect its completion; integrating Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; the ownership consolidation of Duvernay Energy Corporation and the benefits therefrom; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; the benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; the accuracy of the reserve and resource estimates and the operating and development assumptions underlying the anticipated outcomes; that adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, arising from the announcement or completion of the Acquisition, do not materially impair completion, integration or realization of the anticipated benefits; combined company production estimates; the quality of the integrated resource/assets meeting expectations; that there will be no material change to Athabasca’s operations prior to completion of the Acquisition; assumptions regarding Athabasca shareholder elections and the associated rounding and pro-ration of cash and share consideration, including the applicable aggregate limits; the availability of cash on hand and short-term borrowings to fund the cash consideration and Cenovus’s ability to issue the shares required to satisfy the share consideration; Cenovus’s financial framework and net debt target remaining unchanged; the assumptions regarding shareholder elections, commodity prices, operating results, capital spending and funding underlying anticipated net debt, pro forma net debt and pro forma net debt relative to adjusted funds flow at strip pricing; no material changes to laws and regulations adversely affecting Cenovus’s or Athabasca’s operations or the Acquisition; commodity prices; and the assumptions inherent in Cenovus’s updated 2026 corporate guidance available on cenovus.com.

The risk factors and uncertainties that could cause actual results to differ materially from the forward-looking information in this news release include, but are not limited to: changes to general economic, market and business conditions; not completing the Acquisition on anticipated terms and timing, or at all, including failure to satisfy customary closing conditions or obtain required regulatory and Athabasca shareholder approvals; failing to complete the Acquisition on the terms contemplated by the arrangement agreement between Cenovus and Athabasca; differences in Athabasca shareholder elections and the resulting cash and share consideration from those assumed; the combined company’s inability to issue securities; potential litigation relating to the Acquisition that could be instituted against Cenovus or Athabasca; the delay or inability to integrate Cenovus’s and Athabasca’s businesses and operations and realizing the anticipated strategic, operational, commercial, corporate and financial benefits and synergies of the Acquisition and value and timing thereof; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the announcement or completion of the Acquisition; the inability or failure to achieve the anticipated operation and development plans, including but not limited to, integrated development, expansion, existing asset optimization and potential asset integrations; delay or inability to achieve the anticipated benefits from the ownership consolidation of Duvernay Energy Corporation; Cenovus's ability to provide a scalable platform and the associated optionality to accelerate development; delay or inability to achieve the anticipated benefits of the Acquisition and the timing for realizing such benefits, including with respect to SAGD operation scaling, asset fit, thermal production growth, development, steam-to-oil ratio reduction, accelerated resource recovery, reserve and resource life, value optimization of Athabasca’s and Duvernay Energy Corporation's assets, integration of assets, synergies and the sources of such synergies, accretion to adjusted funds flow per share, long-term shareholder value, accretion to asset quality and financial impact; inaccuracies in reserve and resource estimates or in the underlying operating and development assumptions; the quality of the integrated resource/assets failing to meet expectations; changes to Cenovus’s financial framework or net debt target; differences in shareholder elections, commodity prices, operating results, capital spending or funding; net debt, pro forma net debt or pro forma net debt relative to adjusted funds flow differing from anticipated levels; material changes to laws and regulations adversely affecting Cenovus’s or Athabasca’s operations or the Acquisition; the consequences of not completing the Acquisition, including the volatility of the share prices of Cenovus and Athabasca, negative reactions from the investment community and the required payment of certain costs related to the Acquisition; potential undisclosed liabilities in respect of Athabasca unidentified during the due diligence process; inaccuracies in the pro forma financial information of the combined company after the Acquisition; the interpretation of the Acquisition by tax authorities; the focus of management’s time and attention on the Acquisition and other disruptions arising from the Acquisition; volatility of, and other assumptions regarding, commodity prices; product supply and demand; market competition, including from alternative energy sources; inability to maintain relationships with partners or successfully manage and operate integrated businesses; and other risks identified under “Risk Management and Risk Factors” and “Advisory” in Cenovus’s Management’s Discussion and Analysis (MD&A) for the periods ended December 31, 2025 and June 30, 2026 and the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com).

The guidance in respect of Cenovus's expectations of future periods in this news release may be considered to be a financial outlook for the purposes of applicable Canadian securities laws. Such information is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available, and which may become available in the future. These projections constitute forward-looking statements and are based on several material factors and assumptions set out above. Actual results may differ significantly from such projections. See above for a discussion of certain risks that could cause actual results to vary. The financial outlook contained in this news release has been approved by management as of the date of this news release. Readers are cautioned that any such financial outlook contained herein should not be used for purposes other than those for which it is disclosed herein. Cenovus and its management believe that the financial outlook contained in this news release has been prepared based on assumptions that are reasonable in the circumstances, reflecting management's best estimates and judgments, and represents, to the best of management's knowledge and opinion, expected and targeted financial results. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results.

In respect of the net debt disclosure herein, readers are directed to Cenovus’s MD&A for the periods ended December 31, 2025 and June 30, 2026 (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com), which includes a detailed composition of how Cenovus calculates the metric.

Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information. For additional information regarding Cenovus’s material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to “Risk Management and Risk Factors” and “Advisory” in Cenovus’s MD&A for the periods ended December 31, 2025 and June 30, 2026 and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada (available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com).

Specified Financial Measures

Certain financial measures in this news release do not have a standardized meaning as prescribed by IFRS Accounting Standards including Adjusted Funds Flow. These measures may not be comparable to similar measures presented by other issuers and are described and presented in order to provide shareholders and potential investors with additional measures for analyzing our ability to generate funds to finance our operations and information regarding our liquidity. This additional information should not be considered in isolation, or as a substitute for, measures prepared in accordance with IFRS Accounting Standards. Readers are directed to “Advisory – Specified Financial Measures” in Cenovus’s MD&A for the periods ended June 30, 2026 for further information.

Oil and Gas Advisory

Barrels of Oil Equivalent – natural gas volumes are converted to BOE on the basis of six Mcf to one bbl. BOE may be misleading, particularly if used in isolation. A conversion ratio of one bbl to six Mcf is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil compared with natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is not an accurate reflection of value.

This news release makes assumptions relating to future production volumes based on reserve evaluation calculations prepared by third-party independent evaluators. Statements relating to "reserves" are deemed to be forward-looking statements as they involve the implied assessment based on certain estimates and assumptions that the reserves described can be profitably produced in the future. There are numerous uncertainties inherent in estimating quantities of proved and proved plus probable reserves and in projecting future rates of production. The total amount or timing of actual future production may vary significantly from reserves and production estimates.

This press release contains certain oil and gas metrics, such as “reserves life”, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional information regarding Cenovus’s acquisition of Athabasca; however, such measures are not reliable indicators of future performance and future performance may not compare to performance in previous periods and therefore such metrics should not be unduly relied upon.

Athabasca reserves life is calculated using total gross reserves on a 2P basis and dividing them by Athabasca management’s current anticipated 2026 exit production, in each case as included in Athabasca’s public disclosure. Although Cenovus has no knowledge that would indicate that any information contained in the documents filed by Athabasca are untrue or incomplete, Cenovus does not assume any responsibility for the accuracy or completeness of the information contained in such documents, or for any failure by Athabasca to disclose events that may have occurred or that may affect the significance or accuracy of any such information, which are unknown to Cenovus.

Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating sustainability considerations into its business plans. Cenovus common shares are listed on the Toronto and New York stock exchanges. For more information, visit cenovus.com.

Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

Cenovus contacts

Investors
Investor Relations general line
403-766-7711

Media
Media Relations general line
403-766-7751

CX Institutional bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,370 shares of the semiconductor company’s stock, valued at approximately $626,000.

Several other hedge funds have also made changes to their positions in MRVL. Hilton Head Capital Partners LLC raised its stake in shares of Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at $27,000. MidFirst Bank purchased a new stake in shares of Marvell Technology during the 4th quarter worth $28,000. Aberdeen Wealth Management LLC acquired a new stake in Marvell Technology in the second quarter valued at $30,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Investors are anticipating another potential guidance increase on October 6. Marvell’s recent record revenue, 37% year-over-year sales growth and raised fiscal 2027 and 2028 outlooks support expectations for continued momentum. Prediction: This Artificial Intelligence AI Chip Stock Will Make a Big Move in October Positive Sentiment: A reported deal with Google highlights Marvell’s custom AI silicon opportunity with hyperscale customers. Management’s projected custom-chip growth through 2028 is reinforcing the view that AI demand could support further revenue expansion. Marvell’s Custom AI Silicon Deals With Hyperscalers Could Redefine Its Growth Story Positive Sentiment: Analysts and financial commentators remain broadly bullish, with Marvell frequently identified as a major beneficiary of AI infrastructure spending. Its data-center business accounted for 79% of fiscal second-quarter 2027 revenue, while several analysts maintain buy or outperform ratings. Broadcom vs. Marvell: One AI Stock Offers More Bang for the Buck Neutral Sentiment: Marvell affirmed its quarterly dividend of $0.06 per share, providing a modest shareholder return but little impact on the investment case because the annualized yield is approximately 0.1%. The Federal Reserve’s upcoming policy decision also remains relevant because interest rates and liquidity can influence high-growth technology valuations. Is Marvell Technology Fully Valued on Its Dividend Affirmation and AI Run? Negative Sentiment: Valuation is the main risk: MRVL trades at roughly 90 times trailing earnings, far above the broader market. Investors are concerned that reliance on a concentrated group of hyperscale customers could leave revenue vulnerable if AI-related capital spending slows. Should You Be Worried About Marvell Stock? Negative Sentiment: COO Chris Koopmans sold 10,000 shares worth approximately $2.6 million under a pre-arranged Rule 10b5-1 plan. The sale is a mild negative signal, though the executive retained more than 207,000 shares, limiting its significance. Insider Selling: Marvell Technology COO Sells 10,000 Shares Insider Buying and Selling at Marvell Technology In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the sale, the chief operating officer owned 207,941 shares of the company’s stock, valued at $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer owned 775,686 shares in the company, valued at approximately $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,000 shares of company stock valued at $9,904,225 in the last 90 days. Company insiders own 0.12% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on MRVL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Marvell Technology in a research report on Monday, September 28th. Bank of America raised their target price on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group set a $220.00 target price on Marvell Technology in a research note on Friday, August 28th. Needham & Company LLC upped their price target on Marvell Technology from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Citigroup increased their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.00.

Get Our Latest Research Report on Marvell Technology

Marvell Technology Stock Performance Shares of Marvell Technology stock opened at $272.29 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The company has a market capitalization of $238.77 billion, a P/E ratio of 89.86, a PEG ratio of 2.63 and a beta of 2.26. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The company’s fifty day moving average is $227.31 and its two-hundred day moving average is $204.87.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Marvell Technology Profile (Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

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Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced it has been awarded a contract by Axiom Space, a leader in next-generation space infrastructure, to develop and deliver two Roll-Out Solar Array (ROSA) wings for Axiom Station’s secondspace station module.

As previously announced, Redwire is also building the ROSA wings for Axiom Space’s first space station module.

“We are excited and grateful for the opportunity to provide Axiom Space with additional ROSAs,” said Mike Gold, President of Redwire Space. “The unparalleled track record of ROSA supporting the International Space Station (ISS) in low-Earth orbit (LEO) makes it the ideal system to provide the robust power needed to support Axiom Space’s global customers and pioneering commercial space station, Axiom Station. At Redwire, we’re committed to leveraging our proven, heritage systems such as ROSA – with its 100-percent success rate in a wide variety of space environments from LEO, to GEO, and beyond – to be a part of Axiom Space’s mission to revolutionize both space and life on Earth via microgravity research, development, and manufacturing.”

Axiom Station will provide a permanent commercial platform in LEO where nations around the world can conduct microgravity research, develop and eventually manufacture commercial products to return to Earth, and access space uninterrupted, through human spaceflight missions.

“Redwire’s Roll-Out Solar Array hardware is a crucial component necessary for Axiom Space to build a sustainable commercial presence in LEO,” said Dr. Jonathan Cirtain, CEO and President of Axiom Space. “The company’s innovative technology will power our space station and its systems, maintaining and expanding access to LEO for more nations and extending the breakthroughs in science and technology-driven solutions that microgravity provides to benefit everyone, everywhere on Earth.”

Axiom Station’s first module is currently undergoing final assembly at Thales Alenia Space, in Turin, Italy, after which the module will be transferred to Houston for integration and testing and ultimately transferred to the Kennedy Space Center in Florida for launch. Axiom Space is planning to launch the first module in 2028. The second module is preparing to undergo final assembly at Thales Alenia Space and is planned to launch less than a year after the first, where it can loiter on orbit until ready to dock with the first module. Together, these two modules will form a four crew-capable, operational free-flying space station.

Redwire’s power systems have supported some of the world’s most high-impact space missions, from sustaining astronauts aboard the ISS to demonstrating planetary defense with NASA’s Double Asteroid Redirection Test. Building on this proven track record of success, the company’s ROSA and ELSA products are powering a new generation of commercial and national security missions, supporting plans for exploration of the Moon and Mars and paving the way for orbital data centers. With more than 65 solar array wings delivered or in development, Redwire is building the power behind humanity’s ambitions in space.

About Redwire

Redwire Corporation (NYSE: RDW) is an integrated space and defense tech company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems, and multi-domain operations leveraging digital engineering and AI automation. Redwire’s approximately 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

About Axiom Space

Axiom Space is a human space exploration company, building era-defining space infrastructure and delivering technology-driven solutions that will empower civilization to transcend Earth. Beginning with Axiom Station, successor to the International Space Station, the company is pioneering a next-generation orbital settlement that will foster groundbreaking innovation and research in microgravity and drive the global space economy of tomorrow. Today, guided by the vision of leading humanity's expansion off planet, Axiom Space is the principal provider of commercial human spaceflight services and developer of advanced spacesuits for the Moon and beyond. For more information about Axiom Space, visit www.axiomspace.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261005570082/en/

Honda Motor (7267.T) aims to cut costs by as much as a fifth and halve development times under its new partnership ​in India with Tata Technologies (TATE.NS), according to two people familiar with the matter, as pressure from rivals forces the Japanese automaker to rethink its go-it-alone approach.

Reeling from electric vehicle (EV)-related losses that ‌it expects to reach more than $12 billion, Honda is pivoting to gasoline-electric hybrids and slashing expenses. Last month, Reuters reported that it is seeking to cut more than $9 billion in costs over the next four years and has told suppliers to drastically reduce prices.

In May, engineering firm Tata Technologies said it was selected to develop vehicles for a Japanese automaker. It declined to name the partner, but the two people and another person familiar with the matter said it was Honda.

Under the outsourcing agreement, Tata Technologies will develop cars for ​the Indian market, while Honda expects to see up to 20% in cost reductions and halve its development times from around five years at present, two people said.

Honda decided to bring in Tata Technologies ​after the automaker's Japanese and Indian managers failed to agree on which suppliers to use for upcoming vehicles in India, two of the people said.

All three sources declined ⁠to be identified because the information has not been made public. The cost-cutting and development targets in India, as well as the internal deadlock over supplier strategy, are being reported for the first time.

In a statement, Honda said ​it has not been able to offer a sufficient product line-up in India that allows customers "value for money." To that end, it was "redefining" its offerings in India and planned to introduce vehicles that strike a balance between quality ​and price, it said.

It denied there were disagreements between the Japanese and Indian teams over supplier selection.

In a separate statement, Honda India said product development involved close collaboration between different teams, adding that it was inaccurate to characterise collaborative discussions as disagreements.

Tata Technologies did not respond to a request for comment.

STRATEGY DEADLOCK
Japanese managers wanted to retain established suppliers to ensure quality and consistency, while Honda's team in India pushed for greater use of local suppliers to lower costs and speed up development in the world's third-largest car market, ​two of the people said.

Reuters could not determine how long the deadlock lasted but the disagreement was enough to delay work on some products, the two people said. The partnership had been under discussion for about two ​years before being finalised, one of them added.

Tata Technologies, which was spun off from Indian automaker Tata Motors (TAMO.NS), was chosen because of its access to a broad network of local suppliers and because Honda managers believed it could design vehicles in line ‌with consumer tastes ⁠and spending preferences, the person said.

Honda will oversee the process to ensure quality standards are met and will retain control over areas like technology, connectivity and driver-assistance systems, the person added.

FAMOUS INDEPENDENCE
Honda has long carried the imprint of its famously independent late founder, Soichiro Honda. It developed two of the world's best-selling cars, the Civic and the Accord, along with the most popular motorcycle of all time, the Super Cub.

Like other Japanese automakers, Honda faces the difficult balancing act of defending its legacy business in places like the US while developing new technologies to compete with Chinese firms elsewhere. India, a fast-growing market that remains closed to Chinese EV makers, has become more important.

But Honda's market ​share there has slumped to 1.3% from a peak ​of 7.3% more than a decade ago. Its portfolio ⁠has shrunk to four models and it is losing to affordable, feature-packed rivals like Tata Motors and Mahindra (MAHM.NS). It also has little to offer in the biggest and fastest-growing SUV segment.

"Honda is already late and behind competitors," one of the people said.

Honda President Toshihiro Mibe is under pressure to turn around the automaker, which recorded its first-ever ​annual loss in the last financial year.

In May, Mibe said that while India was a "key focus" for Honda, the automaker had not always been successful there.

"We need ​to rebuild the business on ⁠an entirely different footing," he said.

Previously, Honda adapted for India cars that were originally designed for Japan or other global markets. That resulted in it offering vehicles that were seen as over-engineered and pricey.

The first vehicle under development with Tata Technologies is a small SUV that is less than 4 metres (13.1 feet) in length, a segment that accounts for a large portion of India's car market and where Honda has limited presence. It is targeted for launch in 2028, two of the ⁠people said.

A second, ​mid-size SUV is expected to follow, with Honda later trying to revive its strength in sedans, one of them added.

In its statement, ​Honda said it planned to launch vehicles in India in the sub-4-metre category and the larger midsize category from 2028 onwards.

India is Honda's only major emerging market and it wants to make manufacturing and sourcing there more competitive.

If the first product under the deal is successful in ​terms of quality, sales and profitability, it will open opportunities for Honda to export from India, one of the people said.

With a market cap hovering near $60 billion, Argenx SE (ARGX -1.79%) is no longer a new kid on the block in the biopharmaceutical world. However, the drugmaker still has a long way to go before becoming one of the largest healthcare companies.

Quite a few people on Wall Street believe that Argenx will make some headway on that goal in the near future, though. While the biotech stock was priced at roughly $919 as of the market close on Friday, Oct. 2, 2026, 10 analysts predict that it's headed to at least $1,200 over the next 12 months.

Image source: Getty Images.

Wall Street's take on Argenx Two analysts are especially bullish about Argenx. Wells Fargo (WFC +0.25%) and UBS (UBS +0.29%) set 12-month price targets of $1,415 and $1,400, respectively, for the stock, reflecting potential gains of more than 50%.

Another two analysts are only slightly less upbeat. TD Cowen (TD +0.23%) thinks Argenx can climb to $1,353, while Citi (C +1.18%) expects the stock to rise to $1,301.

Six others also have price targets of between $1,200 and $1,300: Citizens JMP (CFG +0.99%), H.C. Wainwright, Jefferies (JEF +1.59%), Piper Sandler (PIPR -0.64%), Morgan Stanley (MS +1.22%), and Stifel Nicolaus (SF -0.09%).

Granted, some analysts aren't as enthusiastic about Argenx. Still, the average price target for the stock is around $1,182, which represents potential upside of roughly 29%. Of the 21 analysts who have rated Argenx in the past three months, all but one rated it a "buy." The sole outlier recommending holding the stock.

Premium Feature

Moneyball Superscore

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Today's Change

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-1.79

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-16.79

Current Price

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What's behind the optimism? It shouldn't be surprising that most analysts are optimistic about Argenx. The company delivered $1.5 billion in global product net sales in its latest quarter, up 60% year over year and 17% quarter over quarter.

Vyvgart and Vyvgart Hytrulo are driving Argenx's growth. Both drugs are approved in the U.S. for the treatment of generalized myasthenia gravis (gMG) and chronic inflammatory demyelinating polyneuropathy (CIDP), autoimmune diseases that affect different parts of the nervous system. Vyvgart is also approved in Japan for the treatment of primary immune thrombocytopenia (ITP).

More approvals for other autoimmune diseases could be on the way. In August 2026, Argenx announced positive results from a late-stage study evaluating Vyvgart Hytrulo for the treatment of adults with autoimmune myositis. The company expects to report data from two other late-stage studies next year, one targeting primary ITP and another targeting Sjogren's disease.

Argenx isn't a two-trick pony, though. Its pipeline also features empasiprubart, which is being evaluated in registrational clinical trials for the treatment of multifocal motor neuropathy (MMN) and CIDP. The company is testing adimanebart as a treatment for congenital myasthenic syndromes (CMS) and spinal muscular atrophy. Argenx recently completed its acquisition of Forte Biosciences, adding promising experimental autoimmune disease therapy FB102 to its quiver.

Wall Street overwhelmingly views Argenx stock as a great stock to buy right now. But are the majority of analysts right? I think so.

It's important not to ignore the potential challenges for the company, though. Argenx's success hinges on positive results from its multiple ongoing Phase 3 clinical studies. Any disappointments from those trials could cause the stock to decline. More than one clinical setback could send Argenx's shares spiraling downward.

Argenx also faces a headwind in China. Net product sales in the country plunged 62% year over year in the second quarter of 2026. Granted, China accounts for only a small percentage of Argenx's total revenue, but it remains an important long-term opportunity.

Whether or not Argenx's share price can soar 30% or more over the next 12 months, as many Wall Street analysts expect, remains to be seen. However, the risk-reward proposition for this biotech growth stock looks attractive.

Photo: Rostislav Uzunov / Pexels

Hyperliquid, a decentralized perpetual futures exchange, has made its perpetual contracts available on the Bloomberg Terminal, according to a report from @coinbureau. This marks a significant step for Hyperliquid, integrating its market data into a major professional workstation. The exchange, built on its own layer-1 blockchain, supports over 100 assets and handles its operations via HyperCore. The inclusion on Bloomberg Terminal suggests increasing institutional interest and represents a potential shift in how traditional finance engages with decentralized platforms.

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Market participants appear to view this development as supportive of scenarios where Hyperliquid’s market reach broadens, potentially influencing price predictions for the asset. Current market pricing on platforms like Polymarket suggests increased optimism about Hyperliquid’s ability to reach its price targets by the end of 2026. This optimism is reflected in the December 31 sub-market, which shows a 71.5% likelihood of Hyperliquid reaching $100, up from 68% just 24 hours ago.

Key Takeaways Hyperliquid’s integration with Bloomberg Terminal appears to enhance its visibility and accessibility to institutional investors. Market pricing suggests increased confidence in Hyperliquid meeting the $100 price target by the end of 2026, with current odds at 71.5% YES. The development may indicate a growing acceptance of decentralized platforms by traditional financial institutions. What to Watch The response from institutional investors and other exchanges could provide further indicators of Hyperliquid’s impact on the broader market. Monitoring Bloomberg’s future coverage and any potential strategic partnerships will be crucial. Additionally, any regulatory developments or changes in market sentiment could affect the outlook for Hyperliquid’s price trajectory as the year-end approaches.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 71.5% — — View market → January 1 2027 2.4% — — View market → January 1 2027 1.4% — — View market → January 1 2027 2.8% — — View market → January 1 2027 2.2% — — View market → January 1 2027 3.9% — — View market → January 1 2027 3.3% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7% — — View market → January 1 2027 10.5% — — View market →

US spot Bitcoin ETFs pulled in $241 million in net inflows for the trading week ending October 2, 2026. That makes three positive weeks in a row.

BlackRock does the heavy lifting The headline number hides a lopsided week. BlackRock’s iShares Bitcoin Trust (IBIT) took in $450 million on its own, according to data compiled largely from SoSoValue, with additional tracking by Farside Investors.

That brings IBIT’s cumulative figure to $65.73 billion. It remains the clear heavyweight of the group, and this week it outperformed the entire category’s net total by a wide margin.

ARK 21Shares’ ARKB added a more modest $25.52 million. The fund’s cumulative total now sits at $1.4 billion.

Fidelity’s FBTC had the opposite experience. It posted the largest outflows of the week, shedding $168 million, though its cumulative asset base still stands at $10.9 billion.

Do the arithmetic and something stands out. IBIT and ARKB together brought in more than the week’s net total, even after FBTC’s losses, which implies the remaining funds were net negative as a group.

The bigger picture: assets, market share and a rebound Total net assets across all spot Bitcoin ETFs reached approximately $108.89 billion. That figure represents 6.42% of Bitcoin’s total market capitalization.

Cumulative net inflows since the funds launched in January 2024 now total approximately $57.79 billion.

Earlier in 2026, the sector absorbed heavy redemptions, leaving a net outflow deficit of about $5.8 billion by mid-July. The recovery started in August and picked up speed in September. The week ending September 25 delivered a record inflow of $2.4 billion, and the positive trend has now carried into October.

Compared with that $2.4 billion week, $241 million is a step down. Still, the direction matters more than the size for a market that spent months watching money walk out the door.

What to watch from here The concentration in IBIT says something about how returning money behaves. If IBIT keeps absorbing the bulk of new money while others see redemptions, the headline numbers may overstate how broad the renewed appetite really is.

At 6.42%, ETF holdings are large enough that sustained buying or selling through these vehicles can influence the broader market’s supply and demand balance. Steady inflows could help support prices, but a return to heavy redemptions would put the same mechanism into reverse, as the first half of the year demonstrated.

For now, the data tells a fairly simple story. After a rough start to 2026, money is flowing back into spot Bitcoin ETFs, cumulative inflows have recovered to approximately $57.79 billion, and BlackRock remains the main beneficiary of that return.

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

Economist: Eurozone services sector growth accelerates, fueling rate hike expectations.

S&P Global Market Intelligence Chief Business Economist Chris Williamson said: "The euro zone’s service sector growth has hit its fastest pace since last November, signaling that the region’s economic recovery is accelerating, with growth momentum spreading from manufacturing to broader sectors. The composite PMI survey signals show the euro zone economy is currently expanding at a quarterly rate of 0.4% and is on track for further growth in the fourth quarter. Service sector activity in both Germany and France saw its first signs of growth since March, marking their respective first service sector expansions this year; Italy, meanwhile, expanded for the fourth consecutive month, outperforming Spain, which also posted its strongest growth in four months. Overall growth in September hit its fastest pace in five years. At the same time, the survey showed input price inflation rose to 4%, indicating the euro zone’s inflation is approaching the European Central Bank’s 2% target ceiling. Combined with the acceleration in economic growth shown by the PMI, these data suggest mounting pressure on the European Central Bank to adopt more aggressive monetary tightening measures."

1 seconds ago

DBS: NVIDIA’s Valuation Remains Low, AI Stocks Far From Being in a Bubble

DBS Group Chief Investment Officer Hou Wey Fook said that Nvidia’s price-to-earnings (P/E) ratio and projected 70% earnings growth next year indicate that AI-driven tech stocks are still far from forming a bubble. Aggregate data shows Nvidia’s current 12-month forward P/E ratio stands at 17x. Hou compared this to Cisco Systems’ valuation of around 100x before the dot-com bubble burst. He told TV interviews: "If we take Nvidia as the representative company in the AI sector, which currently has a P/E ratio of only in the teens, how can we call this a bubble?" He added that semiconductor and AI investments still have "tailwinds". However, Hou recommended adopting a "barbell strategy" to "control overall portfolio volatility": allocating to tech stocks on the growth end, while pairing with investment-grade fixed-income assets to deliver stable returns, and using hedge funds and gold as intermediate risk-diversification tools.

1 seconds ago

Hong Kong’s Financial Services and the Treasury Bureau: Draft ordinance amendment to be submitted within the year, establishing a licensing regime for virtual asset trading and custody services.

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui stated that amid the advancement of fintech innovation, the government will submit a draft ordinance amendment this year to establish a licensing regime for virtual asset trading, custody, advisory, and management services. The Hong Kong Financial Services and the Treasury Bureau, in collaboration with the Hong Kong Monetary Authority (HKMA), is also working on optimizing the legal framework to drive the tech and telecommunications sectors to step up detection and removal of fraud-related content, including AI-generated fraud.

1 seconds ago

某以太坊IC0巨鲸再度卖出1.333万枚ETH

Per Lookonchain monitoring, early Ethereum participant "0xa2F6" sold 13,330 ETH after six months of inactivity, worth roughly $36.37 million. This crypto OG bought 170,000 ETH at a low price of $0.31 via Ethereum's ICO, with a total cost of just $52,700. The batch of ETH is now valued at approximately $461.4 million.

1 seconds ago

Ethereum OG "0xa2F6" Sells 13,330 $ETH ($36.37M) After 6-Month Hold

Ethereum OG "0xa2F6" sold another 13,330 $ETH($36.37M) after 6 months. This OG bought 170,000 $ETH through the ICO at a low price of $0.31 (costing $52.7K, now worth $461.4M).

1 seconds ago

Nikkei 225 index closed up 2.4%

According to Bitget market data, the Nikkei 225 index closed up 1637.40 points, or 2.40%, at 69946.86 points on Monday, October 5.

1 seconds ago

Demand for @Chainlink exposure through regulated investment products is accelerating. Spot $LINK ETFs just wrapped their best week since August, pulling in $8.3 million across five trading days, a sign that institutional appetite for the oracle network is holding firm even as broader crypto markets remain choppy.

A Remarkably Clean Track Record What makes the inflow story notable is not just the headline figure but the consistency behind it. Since launching, spot $LINK ETFs have recorded just two single days of net outflows and only one week in negative territory. For a relatively young product category, that is an unusually clean record and reflects steady, rather than speculative, institutional accumulation.

extending what has become one of the more consistent inflow streaks among non-Bitcoin and non-Ethereum spot crypto ETFs.

CCIP 2.0 Gives Institutions More Control The ETF momentum arrives alongside a significant protocol upgrade.

Launch partners include Amazon Web Services, Google Cloud, ANZ Bank, Fidelity International, Deutsche Boerse Group's Crypto Finance, and DTCC, among others.

For @SergeyNazarov and the broader Chainlink ecosystem, the combination of sustained ETF inflows and a landmark protocol upgrade makes 2026 a defining year. Whether that momentum translates into a sustained price breakout for $LINK remains to be seen, but the structural foundations are strengthening.

Sources:
CoinDesk: Chainlink launches CCIP 2.0
PR Newswire: Chainlink CCIP 2.0 official press release
Cryptonomist: Chainlink ETF inflows signal renewed investor interest

A Zcash-focused advocacy group has filed to lobby in Washington, stepping up the privacy-oriented cryptocurrency ecosystem’s efforts to shape US policy on digital assets.

Pretty Good Policy for Zcash (PGPZ) filed a lobbying registration effective on Oct. 1, naming executive director Divij Pandya as its sole lobbyist. The registration lists the Digital Asset Market Clarity Act and two digital asset tax proposals as among its current and anticipated lobbying issues.

PGPZ was launched in June this year, growing out of Pretty Good Policy for Crypto, which was launched in 2022 by Electric Coin Co. The initiative hosted Washington policy roundtables and organized a congressional briefing on encryption technologies in 2023.

PGPZ founder and chief policy and regulatory officer of ZODL, Paul Brigner, said the goal is to “make sure Zcash has serious, organized, and credible policy engagement in Washington.”

“Policymakers are making decisions that will affect whether privacy-preserving digital cash can exist, be used lawfully, and serve the public interest. PGPZ is about ensuring Zcash is understood, represented, and defended in those conversations,” he said.

In August, the Zcash Community Grants approved a $750,000 grant to fund PGPZ’s first year of work.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

7h05 ▪ 5 min read ▪ by Ariela R.

Summarize this article with:

The NEAR Intents hacker returned the $3.8 million stolen on October 1, 2026, announced Alex Shevchenko, CEO of the crypto exchange protocol, on October 2 on X. The return happened before the expiration of the 48-hour ultimatum set to the attacker, whom the leader claimed to have identified. Cointribune cross-checked this announcement with Bitquery’s on-chain analysis: about one fifth of the loot passed through NEAR Intents itself during the theft.

In brief Night of September 30 to October 1 (UTC): 3.87M USDT withdrawn in five times from a NEAR Intents vault on BNB Chain, according to Bitquery; NEAR Intents mentions about $3.8M. October 2: the hacker returns the funds before the end of the 48-hour deadline (Alex Shevchenko, on X). As of October 1 at 2:30 PM UTC, 76% of the loot was in bitcoin (34.69 BTC) and 21% had reached KuCoin (Bitquery). The stolen amount is about 1% of the $387.5M stolen from Bitget on September 24 (Cointribune calculation, according to Bitget). How did NEAR Intents recover $3.8M in less than 48 hours? The crypto hacker sent back the funds on October 2, before the ultimatum expired, Alex Shevchenko wrote on X. The announcement comes a week after the Bitget hack, which NEAR Intents said it blocked part of the fund transfers from.

The $3.8M NEAR Intents hacking funds were fully returned. We are stopping the investigation.

According to NEAR Intents on X, a bug in the interaction between the Omni layer of deposit and withdrawal and the main smart contract (the code holding the funds) enabled the theft. The service suspended its operations, promised full compensation, and alerted authorities. Our first article about the NEAR Intents hack details these announcements.

Bitquery’s analysis details the sequence: 3,865,000 USDT withdrawn from a vault on BNB Chain, in five withdrawals over about six hours, after two tests of 10 and 11 USDT.

However, this figure does not tell the whole story. The difference with the $3.8 million announced by NEAR Intents could come from the last withdrawal of 35,000 USDT. Moreover, the detailed report promised on October 1 has not been published at this stage.

Where did the funds go after the crypto hack? As of October 1 at 2:30 PM UTC, 76% of the loot was converted into 34.69 BTC distributed across four wallets, and 21% ($802,000) had reached KuCoin deposit addresses, according to Bitquery. Investigator ZachXBT also reported a passage through KuCoin, then a transfer to Bitcoin.

Another fact noted by Bitquery: about $822,000 was exchanged via NEAR Intents during the theft, automated exchanges that do not reveal what the protocol knew, nor when.

Why did the crypto hacker return the funds? The exact reason has not been publicly established. NEAR Intents claimed to have identified the attacker and gave them 48 hours to practice responsible disclosure, meaning reporting a crypto vulnerability rather than exploiting it, in a message on X.

You know better than most people how responsible disclosure works: this is the last window to use it. After 48 hours, this window closes.

A message attached to a transaction, shared by Alex Shevchenko and apparently from the attacker, acknowledges wrongdoing and invites using the bug bounty programs (rewards for reporting vulnerabilities). The crypto hacker’s identity and the identification method have not been disclosed either.

Is the NEAR Intents hack connected to the Bitget one? At this stage, no public evidence establishes that the two crypto hacks were carried out by the same actor. Bitget suspects a North Korean group for its September 24 attack, without independent confirmation.

NEAR Intents says it blocked more than $50 million in transfers attempted by crypto wallets linked to Bitget: $503,000 frozen in execution and $166,000 passed, according to Alex Shevchenko.

NEAR Intents hack: what we know and what remains unknown ItemInformationWithdrawalsNight of September 30 to October 1 (UTC), $3.87M in five withdrawals (Bitquery)Ultimatum48-hour deadline announced by Alex ShevchenkoReturnOctober 2, before deadline, announced by Alex ShevchenkoAttacker’s identityNot public, identification method not detailedReason for the returnNot publicly establishedTechnical reportPromised, not published at the time of article writingLink with BitgetNo public evidence at this stageSources: NEAR Intents, Alex Shevchenko, Bitquery. Information available as of October 5, 2026. The sequel depends on a deadline still undetermined: the detailed report promised by NEAR Intents. It will reveal whether this hack remains an isolated incident or reveals a weakness in its cross-chain infrastructure, which covers 35 blockchains, after the crypto hacks in September.

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

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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.

China's Huawei Technologies (HWT.UL) said on Monday it had agreed a broad multi-year ​patent licence deal with Qualcomm (QCOM.O) covering ‌artificial intelligence, 5G, computing and networking technologies.

Here are some details:

The agreement includes Qualcomm's purchase of ​certain Huawei US patents related to ​computing, AI and networking, Huawei said in ⁠a statement.

It is Huawei's first patent ​licensing deal with Qualcomm that covers 5G ​technologies.

Huawei said the deal is expected to push the total value of its patent licensing agreements ​to more than $6.9 billion once completed.

The ​company said its intellectual property licensing business has generated ‌positive ⁠revenue since 2021, reflecting years of heavy investment in research and development.

Huawei ramped up R&D spending in recent years, as ​US trade ​restrictions since ⁠2019 have limited its ability to buy advanced chips and ​crucial software.

Huawei made its first licensing ​payment ⁠to Qualcomm in 2001, while it received its first licensing income in 2011 ⁠from ​Motorola.

The Qualcomm agreement follows a ​licensing deal with HP Inc (HPQ.N) announced by Huawei in August.

@Hedera's native stablecoin market cap has jumped roughly 71% over the past week, reaching approximately $48 million, according to data cited by @BSCNews. The move is notable for a network that is still building out its decentralized finance presence, and it comes against a backdrop of broad stablecoin expansion across the industry.

Still Climbing the Rankings Despite the sharp weekly gain, Hedera sits at just 39th place globally when chains are ranked by stablecoin market cap. That ranking, however, may not hold for long. The network is now within reach of several established layer-1 blockchains, including @Algorand, @XDCNetwork, and @Cardano, all of which have longer track records in the stablecoin space. A continued run at this pace could see Hedera overtake each of them in the near term.

The growth fits a broader pattern on the network. Earlier in 2026, Hedera's stablecoin supply had already been trending upward, with crypto.news reporting in January that USDC accounts for the vast majority of the total stablecoin supply on the chain. Data from DeFiLlama showed stablecoin supply surging nearly 17% over a single seven-day period earlier this year, driven largely by USDC, which accounted for about 99.8% of the total supply.

Why Stablecoin Supply Matters Rising stablecoin supplies on a network signal greater on-chain liquidity, which in turn can fuel increased investor demand for the native token. For Hedera, that native token is $HBAR, which currently carries a market cap of around $4.5 billion and ranks among the top 30 cryptocurrencies globally, according to CoinGecko data, with roughly 44 billion HBAR tokens in circulation.

The stablecoin surge also reflects a wider industry shift. Total stablecoin market capitalization crossed $310 billion in mid-2026, up from roughly $124 billion at the end of 2023, a 150% increase in under three years. As more capital flows into stablecoins across all chains, networks that can attract and retain that liquidity stand to benefit in terms of activity, fee revenue, and ecosystem growth.

For Hedera, the 71% weekly gain in stablecoin supply is a meaningful signal that on-chain activity is picking up. Whether the network can sustain that momentum and close the gap on its L1 peers remains the key question to watch.

Sources:
crypto.news: Hedera price breaks above crucial support as stablecoin supply grows
CoinGecko: Hedera (HBAR) live market data
Spark Money: Stablecoin supply growth and 2026 projections

Australia's CSL (CSL.AX) said on Monday it had entered ​into an agreement with Switzerland-based Alentis Therapeutics to ‌co-develop and co-promote a treatment for rare kidney and liver diseases, in a deal worth up to $1.6 billion before development ​funding.

Under the partnership, CSL will make an upfront ​payment of $355 million, while Alentis is eligible for ⁠up to $1.2 billion in commercial milestone payments.

The deal ​gives the Australian biotech giant rights to jointly develop ​and commercialise lixudebart, a potential first-in-class treatment being studied for rare kidney and liver diseases.

Lixudebart, formerly known as ALE.F02, is currently ​in a Phase 2 trial for a rare autoimmune ​kidney disease that can cause irreversible kidney damage and end-stage renal ‌disease.

The ⁠drug was granted orphan drug designation — a special status granted by the US FDA to investigational therapies intended to prevent, diagnose, or treat rare diseases or ​conditions — for the ​treatment of ⁠idiopathic pulmonary fibrosis, or chronic lung disease, in 2024.

The companies also plan to advance ​the drug as a potential treatment for ​focal ⁠segmental glomerulosclerosis (FSGS), a chronic kidney disease, and primary sclerosing cholangitis (PSC), a chronic liver disease for which there is ⁠currently ​no approved therapy.

Once commercialised, global profits ​from the drug will be shared 55% to CSL and 45% to ​Alentis.

TLDR: Table of Contents

BlackRock built three model portfolios, covering high income, diversified growth, and high growth.  Ondo turns each strategy into one token, so investors skip managing and rebalancing separate positions.  Tokenized real-world assets near $9 billion in market cap, with equities growing fastest in holders. Partners like Mirae Asset in Korea and SBI in Japan widen access across Asia, Europe, and Australia.  BlackRock tokenized portfolios are now entering the onchain market through a collaboration with Ondo Finance. BlackRock built three model portfolios focused on high income, diversified growth, and high growth.

Ondo then converted each strategy into a single token. The portfolios combine stocks, bonds, and Bitcoin ETFs. Holders can trade the tokens around the clock, including outside traditional market hours. The launch comes as tokenized real-world assets near $9 billion in market capitalization.

How the Ondo Tokenization Model Works Tokenization so far has centered on individual assets. Stocks, bonds, Treasuries, and funds have each been placed onchain separately.

This launch takes a different route by tokenizing a complete investment strategy. As a result, investors can hold one token rather than several separate positions.

Coin Bureau described the structure in a post on X. According to the post, BlackRock designs the portfolio while Ondo turns access into an onchain token.

Blackrock took TOKENIZATION to the NEXT LEVEL

Until now, most tokenization has focused on putting individual assets onchain.

Stocks. Bonds. Treasuries. Funds.

Now BlackRock and Ondo Finance are pushing toward something bigger: putting the entire INVESTMENT STRATEGY onchain.… https://t.co/rRCp2nGqTG

— Coin Bureau (@coinbureau) October 4, 2026

Therefore, investors avoid managing and rebalancing multiple positions by hand. Each token represents one of the three BlackRock strategies.

Because the BlackRock tokenized portfolios exist on blockchain rails, the tokens can move between wallets and platforms. They can also connect with other financial applications. Holders may use them as collateral in onchain apps. This feature extends the use of the tokens beyond simple holding.

Coin Bureau added that this move points toward tokenizing asset management itself. Model portfolios held roughly $9.8 trillion in assets as of June, according to Broadridge.

Consequently, asset managers could distribute full strategies through blockchain infrastructure if part of that market moves onchain.

Market Growth and Global Expansion The launch comes as tokenized real-world assets near $9 billion in market capitalization. Among these assets, equities have seen the fastest growth in holders and trading volume.

Ondo’s portfolio tokens enter this market as a new category of product. BlackRock tokenized portfolios therefore join a market that is already expanding.

Ondo has also secured partnerships across Asia, Europe, and Australia to widen access. In Asia, Mirae Asset in Korea and SBI in Japan are among the partners.

The partnerships expand access to the tokenized portfolios in those regions. Together, these partners broaden the distribution of the tokens.

The Coin Bureau post also looked at what could come next. AI could eventually build personalized portfolios around an investor’s goals, risk tolerance, and tax situation.

Tokenization would then provide access to a much wider range of assets. This scenario remains a possibility rather than a confirmed development.

The post also summarized the progression in three steps. Stablecoins brought cash onchain, while tokenization brought assets onchain.

Now BlackRock and Ondo are bringing entire portfolios onchain. According to Coin Bureau, blockchain could become part of global asset management infrastructure rather than only a settlement layer.

Table of contents

Hyperion DeFi, Inc. (NASDAQ: HYPD), the first publicly listed U.S. company building on the Hyperliquid blockchain, said on October 2 that it repurchased 240,124 HYPD shares and retired roughly $8.6 million of legacy debt, with the paydown partially funded by HYPE token sales, according to a press release filed with the SEC.

The Dallas-based company bought back 240,124 common shares at a weighted average price of $3.21 per share, before costs and fees, and repaid all outstanding principal and interest under its loan agreement with Avenue Capital. The move leaves Hyperion DeFi with no long-term debt outstanding. Chief Executive Officer Hyunsu Jung said September brought raised guidance, the start of buybacks, the debt paydown and several new business announcements, and thanked Avenue Capital for supporting the shift away from the company’s former biotech brand, Eyenovia.

A treasury funded partly by HYPE As of September 30, the company held about $14.5 million in cash, cash equivalents and stablecoins and owned 1.85 million HYPE tokens, with roughly 15.44 million HYPD shares outstanding. HYPE is the native token of Hyperliquid, a layer-one blockchain built for high-frequency trading, and has traded on major venues since Binance listed it with a seed tag in September. The company said more than 47 million HYPE have been autonomously purchased and sequestered by the network from trading fees on its central limit order books. The network settles orders, cancellations and liquidations in 70-millisecond block times and also runs HyperEVM, a smart-contract platform for permissionless DeFi applications, according to the filing. Staking HYPE grants holders lower trading fees and higher referral bonuses on the network.

From biotech to onchain DeFi Hyperion DeFi describes itself as the first U.S.-listed DeFi company on Hyperliquid, offering shareholders exposure to HYPE through staking yield and onchain utility revenue. The business is expanding alongside a broader build-out of the Hyperliquid borrowing and lending services launched this year. The filing’s forward-looking statements, including plans to scale its onchain DeFi businesses and further optimize its capital structure, remain subject to market and regulatory risks, and the company did not set a timetable for additional buybacks. It provides investors with streamlined access to what it describes as one of the fastest-growing blockchains. The company did not disclose a total dollar value for the repurchase beyond the share count and average price.

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Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Peter Schiff says MicroStrategy has pulled its Stretch (STRC) preferred stock back toward its $100 par value. However, he argues the company has lost the issuance channel that funded its Bitcoin purchases.

Even so, Strategy has kept adding Bitcoin, funding its latest purchase with proceeds from common stock sales.

Schiff Credits Buybacks and a Bitcoin Rebound for STRC’s RecoverySchiff, a longtime Bitcoin critic, made the case on his October 2 podcast. He said STRC trades near $99.4, a recovery he admitted surprised him.

MicroStrategy Stretch (STRC) Stock. Soure: TradingViewHe credited Strategy’s weekly STRC buybacks and Bitcoin’s rally for the move. Schiff said that rally may have restored some confidence in the stock or triggered short covering.

The preferred stock had sunk to about $75 earlier this year, which CEO Phong Le blamed on unexpected leverage.

Referring to Executive Chairman Michael Saylor, Schiff argued that the rebound has not reopened Strategy’s key funding route.

“There’s no way that he’s going to be able to start selling more Stretch; that means he’s not going to be able to raise money to really start buying more Bitcoin,” Schiff said.

He added that Strategy has raised enough cash to keep paying STRC dividends a little longer before it runs out. However, he said the company no longer has the machinery to buy more Bitcoin.

Saylor, for his part, pointed to calmer trading in the stock. He said STRC’s 30-day historical volatility stood at 9% as of October 2. That put it below the 10% reading for the SPDR S&P 500 ETF (SPY).

A milestone for Digital Credit: $STRC’s 30-day historical volatility is now 9%, below $SPY. We’re harnessing the power of Bitcoin while reducing price volatility for income investors. This is what financial engineering should do. pic.twitter.com/Jka7oOesa1

— Michael Saylor (@saylor) October 3, 2026
Common Stock Has Funded Most of Strategy’s Bitcoin Buys Since MayStrategy’s weekly filings support part of Schiff’s argument. The company last sold STRC through its at-the-market program between May 11 and 17, raising about $1.95 billion.

Its remaining STRC capacity has held at about $17.51 billion in every filing since, meaning no further shares were sold.

Strategy then paused Bitcoin buying for 10 weeks over the summer, selling coins instead to fund dividends and STRC buybacks. When it resumed in late August, it relied on other funding sources.

It sold class A common stock (MSTR) to fund 4,603 BTC that week and 1,665 BTC in late September. In between, it spent $75.7 million from its USD Cash account on 950 BTC.

Common stock proceeds also flow back into STRC. Between September 21 and 27, Strategy used $103.5 million from MSTR sales to repurchase STRC shares.

Strategy also held a $5.02 billion USD Reserve as of September 27. The company says the pool is meant to support preferred dividends and debt interest.

Schiff expects Bitcoin to roll over once tech stocks pull back. Strategy usually reports purchases on Mondays, so its next filing will show whether common stock sales keep funding its buys.

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Ethereum traded near $2,687 on October 4 after reaching $2,765 briefly the previous day, according to historical data compiled by CoinCodex.

Key price levels and technical landscapeThe $2,700–$2,800 zone marks a critical region for Ethereum, with analysts identifying this range as the dividing line between short-term price consolidation and the potential for a renewed move toward $3,000.

Bulls have repeatedly failed to secure $2,800 as a support level, leaving ETH in a familiar trading range. A sustained close above $2,800 could open the door to $3,000, while further rejection likely puts the $2,600–$2,650 range in focus as the main support area.

Ethereum will need to stabilize above $2,700 and close decisively above $2,800 before a push toward $3,000 becomes plausible, based on current breakout analysis.

Despite periodic attempts to break above resistance, the technical setup for Ethereum remains heavily influenced by both price action and institutional sentiment.

Institutional flows and ETF outflowsRecent data from Farside Investors shows that U.S. spot Ethereum ETFs saw three consecutive days of net outflows through October 2. Investors withdrew $59.6 million on September 30, $55.4 million on October 1, and $17.3 million on October 2, in contrast to stronger demand seen earlier in the quarter.

Coinpaper also reported this divergence, noting that while Ethereum funds moved back to net outflows, Bitcoin-based ETF products showed greater resilience.

ETF/ProductSept. 30 Net FlowOct. 1 Net FlowOct. 2 Net FlowTrendU.S. Spot Ethereum ETF– $59.6M– $55.4M– $17.3MOutflowBitcoin ETFStableStableStableMore resilientThe shift in institutional demand has added headwinds for Ethereum’s rally attempts at key price levels.

Glamsterdam upgrade and price outlookBeyond technicals and fund flows, market attention is turning to the upcoming Glamsterdam upgrade. This major Ethereum network update is set to activate on the Sepolia testnet on October 6 and aims to deliver improvements in Layer-1 scaling, block construction, and gas pricing. Mainnet activation is expected later in the fourth quarter.

Coinpaper has linked the anticipated Glamsterdam upgrade to the possibility of ETH testing the $3,000 mark, should resistance break and positive sentiment build.

Mini dictionary: Glamsterdam Upgrade, the next major Ethereum network update designed to improve core Layer-1 scalability, block production processes, and reduce transaction fees through more efficient gas pricing. Activation will occur first on testnets like Sepolia before mainnet deployment.

Technical analysts have already highlighted a possible connection between the upcoming Glamsterdam upgrade and a renewed attempt by $ETH to break key resistance and approach $3,000.