Super Micro Computer po silném čtvrtletí znovu stojí na rozcestí; tržby ve 4. čtvrtletí vzrostly meziročně o 93,16 % na 11,12 miliardy USD a hrubá marže podle GAAP se zvedla na 17,5 %.
Super Micro Computer has swung from accounting scandal fears to record AI orders, and after a blowout quarter that sent shares surging nearly 30% in a single month, our model now points to a setup where the upside and downside…
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Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) has spent the past year whipsawing investors between record AI orders and margin scares. After a blowout Q4 that saw non-GAAP EPS of $1.70 against a $0.9575 consensus, the stock is once again at a crossroads. Our proprietary model says the next move points higher.
The 24/7 Wall St. price target for Super Micro is $44.20 over the next 12 months. With shares trading around $36.42, that implies roughly 21.7% upside. Our recommendation is buy, with high model confidence at 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $36.42 24/7 Wall St. Price Target $44.20 Upside 21.7% Recommendation BUY Confidence Level 90% A Volatile Year Into a Record Backlog SMCI has been a whipsaw. Shares are up 29.26% over the past month and 25.42% year-to-date, yet still sit 11.63% below their year-ago level and well off the $58.78 52-week high.
The August 11 fiscal Q4 report was the catalyst behind the recent bounce: revenue of $11.12 billion grew 93.16% year over year while missing the $11.56 billion consensus by 3.83%.
The bigger story was margin recovery. GAAP gross margin snapped back to 17.5% from 9.5% a year earlier as enterprise mix improved. CEO Charles Liang disclosed more than $60 billion in new orders during FY2026 and record backlog entering FY2027, with FY2027 revenue guided to $65 billion to $72 billion.
Why Bulls See a Path to $50 and Beyond The bull case is straightforward: SMCI is a direct beneficiary of the Blackwell Ultra and Rubin GPU cycles, with manufacturing capacity ramping toward 6,000 racks per month. Enterprise and channel revenue grew 172% year over year in Q4, and management expects DCBBS to be a long-term margin tailwind.
SMCI is one of the picks-and-shovels names behind the AI buildout (we profiled seven suppliers powering the data-center wave, from cooling to networking, in a free report you can grab here).
Our model’s bull case forecast targets $50.34, a 38.6% return. If FY2027 lands at the high end of guidance, forward EPS of $3.94 at a modest re-rating to 15x could support even higher levels.
What Could Go Wrong The bear case centers on cash and governance. FY2026 operating cash flow was negative $6.81 billion, and the board’s independent review of export-control-related transactions remains open.
Q4 revenue also missed consensus, and management flagged that lower inventory reserves and tariff costs were a non-recurring event. Bulls counter that the cash burn reflects working-capital build for the record backlog. Our model’s bear case is $34.66, only 4.56% below spot, suggesting downside is contained relative to the upside skew.
How SMCI Compares to Dell and HPE Dell Technologies (NYSE:DELL) is the most direct comp on AI servers. It just posted Q2 FY2027 revenue of $46.97 billion, with a record $95 billion AI backlog and full-year guidance of $192 billion. Dell trades at a trailing P/E of 23 versus SMCI at 11. On that gap alone, our $44.20 target looks conservative.
Hewlett Packard Enterprise (NYSE:HPE) is the third leg of the AI server stool, with FY2026 non-GAAP EPS guidance of $3.35 to $3.45. HPE’s growth is Juniper-boosted rather than organic AI-driven, which is why SMCI’s forward P/E of 9 looks unusually cheap against a peer group re-rating to the high teens.
SMCI Price Prediction 2026-2030 The 24/7 Wall St. price target is $44.20, our recommendation is buy, and confidence is 90%. The tipping factor is valuation: a company guiding to 66% to 84% revenue growth should not trade at 9x forward earnings.
The setup improves if the board’s export-control review closes cleanly and Q1 FY2027 tracks within the $14.5 billion to $15.5 billion range. The setup deteriorates if working capital continues to bleed cash into a slowing order book.
Year 24/7 Wall St. Price Target 2026 $44.20 2027 $45.85 2028 $49.50 2029 $54.53 2030 $60.02 These projections assume SMCI executes on its DCBBS strategy and enterprise mix continues shifting the margin profile higher. Significant upside or downside could come from GPU platform transitions, the outcome of the board inquiry, or tariff policy shifts.
Contact [email protected] for any questions or corrections.
Spoluzakladatel Offchain Labs Steven Goldfeder uvedl, že Robinhood na svém chainu drží zhruba 90 % čistých příjmů z protokolu. Robinhood Chain za 24 hodin vybral na poplatcích 6,04 milionu USD a ponechal si asi 5,44 milionu USD.
Offchain Labs co-founder Steven Goldfeder and Solana co-founder Anatoly Yakovenko exchanged competing views on Sept. 6 over why Robinhood built its blockchain using Arbitrum technology instead of operating applications directly on Solana.
Summary
Offchain Labs co-founder Steven Goldfeder said Robinhood retains roughly 90% of net chain revenue generated. Solana co-founder Anatoly Yakovenko argued Robinhood could instead monetize users through application-level fees directly itself. Robinhood Chain routes 10% of net protocol revenue to the broader Arbitrum ecosystem under agreements. Eight percentage points go to Arbitrum DAO, while two support its developer guild funding program. Robinhood Chain recorded $6.04 million daily fees, retaining approximately $5.44 million after costs and sharing. Goldfeder argued that Robinhood can retain roughly 90% of its chain revenue under the Arbitrum Expansion Program. A Solana-based application would pay network fees without receiving the underlying chain’s revenue, he said.
“Robinhood chose Arbitrum so they could be a landlord and not a tenant,” Goldfeder wrote. His comment responded to Yakovenko’s position that Robinhood could subsidize Solana transaction fees while charging users through its own application.
The debate followed a sharp rise in Robinhood Chain activity. The network recently collected $6.04 million in daily transaction fees and retained about $5.44 million after expenses and its Arbitrum revenue-sharing obligation.
I have a ton of respect for @toly but this is a ridiculous take. On Arbitrum, Robinhood keeps 90% of gas fees. On Solana they would retain 0 and any gas fees they subsidized would come out of pocket.
Robinhood chose Arbitrum so they could be a landlord and not a tenant. https://t.co/vWjBtn9PYh
— Steven Goldfeder (@sgoldfed) September 5, 2026 Robinhood keeps 90% of net revenue, not gross fees Goldfeder’s 90% figure reflects the Arbitrum Expansion Program’s share of net protocol revenue. It should not be interpreted as Robinhood automatically retaining 90% of every gross fee paid by users.
Under the program, Robinhood Chain sends 10% of its net protocol revenue to the Arbitrum ecosystem. Eight percentage points go to the Arbitrum DAO treasury, while two percentage points fund the Arbitrum Developer Guild.
Net revenue is calculated after relevant network expenses, including the cost of posting transaction data to Ethereum. Robinhood’s actual retained amount therefore depends on gross transaction fees, Ethereum data costs, infrastructure expenses and the Arbitrum payment.
The arrangement has already produced measurable results. Robinhood Chain collected a record $6.04 million in transaction fees during its latest 24-hour reporting period and retained approximately $5.44 million. The figures show the network keeping about 90% after associated costs and allocations.
The network also generated $20.33 million in revenue over seven days. Maintaining that rate for a full year would produce approximately $1.06 billion, but such annualization is only a projection based on a brief period of unusually high activity.
The latest Robinhood Chain fee record followed rapid growth in memecoin trading, token launches and decentralized exchange volume. GMGN, Pons and Uniswap accounted for much of the application activity.
Yakovenko says applications can collect fees on Solana Yakovenko’s argument focuses on the application layer. Robinhood could deploy its services on Solana, subsidize transaction costs and charge customers through its interface, avoiding the expense of operating a separate Layer 2 network.
This approach could work for transactions initiated through Robinhood’s application. Brokerages can charge commissions, spreads, subscription fees or service fees without controlling the blockchain underneath their products.
Goldfeder countered that this model would not capture value from activity occurring outside Robinhood’s interface. Third-party wallets, trading bots, decentralized exchanges and token launchpads can interact directly with blockchain contracts.
Robinhood would pay to subsidize transactions initiated by its customers on Solana but would receive none of the network fees produced by independent users. Solana validators and stakers would receive those fees instead.
On Robinhood Chain, the company operates the network’s sequencing infrastructure. This allows it to collect transaction fees from activity across the chain, including transactions that bypass Robinhood’s front end.
Recent data supports Goldfeder’s point about outside activity. Memecoin launchpad Pons and trading platform GMGN have become large contributors to Robinhood Chain’s traffic. Many transactions generated by those applications do not originate through Robinhood’s brokerage interface.
The economic distinction is therefore broader than the cost of individual transactions. Yakovenko’s model lets Robinhood monetize its customers at the application level. Goldfeder’s model lets Robinhood capture revenue generated across an entire network.
Robinhood Chain still pays Ethereum and Arbitrum Robinhood does not retain all the value generated by its blockchain. Robinhood Chain is an Ethereum Layer 2 built using Arbitrum Orbit, rather than an independent Layer 1.
The network uses ETH as its native gas token and posts transaction data to Ethereum using blobs, according to Robinhood’s documentation. Each transaction includes an execution component and a data-availability component.
The L2 execution fee covers computation performed on Robinhood Chain. The L1 data fee pays for publishing transaction information to Ethereum. Both components are bundled into the amount presented to users.
Robinhood also pays the Arbitrum ecosystem’s 10% share of net protocol revenue. Consequently, the “landlord” description refers to Robinhood’s control over its own chain and sequencer, not complete independence from outside infrastructure.
As an earlier examination of the revenue-sharing arrangement reported, Robinhood received a branded network, EVM compatibility, existing Ethereum tools and technical support in exchange for part of its net revenue.
Building a new Layer 1 could theoretically allow Robinhood to retain more revenue. It would also require the company to develop and maintain its own execution, consensus, bridging and security infrastructure.
Using Solana would remove the need to operate those components. However, Robinhood would become an application on infrastructure it did not control and would not collect the network’s transaction fees.
Gas subsidies complicate the revenue comparison Robinhood launched its chain with a 90-day gas subsidy for transactions conducted through Robinhood Wallet. The subsidy is scheduled to expire on Sept. 29.
The promotion means eligible wallet users do not directly pay gas during the subsidy period. Robinhood covers those costs. However, the subsidy does not necessarily cover every transaction conducted by independent applications and wallets across the network.
That distinction is central to the founders’ debate. Goldfeder argued that much of Robinhood Chain’s activity now occurs beyond the Robinhood front end. The company can collect fees from those transactions because it operates the underlying chain.
Robinhood Chain’s activity increased rapidly during the subsidy. Its daily decentralized exchange volume recently reached approximately $1.71 billion, while total value locked in native protocols stood near $1.17 billion.
The network has also exceeded Solana in daily chain revenue during some reporting periods. However, direct comparisons require caution because the networks have different cost structures, subsidies, fee markets and validator arrangements.
The Robinhood Chain and Solana comparison identified the subsidy’s expiration as a major test. User activity could fall when customers begin paying gas, or Robinhood could extend or restructure the program.
The fee debate will become clearer after Sept. 29 The first major test arrives when the gas subsidy expires. Post-subsidy data will show how many Robinhood Wallet users continue transacting when they must pay their own network costs.
It will also show whether independent activity from Pons, GMGN, Uniswap and other applications remains strong. These applications have contributed heavily to the network’s recent fee growth.
A detailed onchain investigation by Bitquery found that Robinhood Chain’s gas price increased roughly 25-fold within 11 days. The report attributed much of the additional demand to a limited group of heavily active wallets.
The concentration creates uncertainty over whether current fee revenue is sustainable. A decline in activity from several large addresses could reduce transaction fees even if total user numbers continue rising.
Robinhood has not publicly announced whether it will extend the subsidy beyond Sept. 29. It also has not disclosed how network revenue will appear in its financial reporting.
There was no verified movement in HOOD, SOL, ETH or ARB directly attributable to the founders’ exchange. Linking broader market fluctuations to their comments without additional evidence would be speculative.
The commercial question will remain whether owning a Layer 2 produces more value than deploying an application on an existing Layer 1. Robinhood Chain’s first unsubsidized operating period will provide the clearest evidence.
BNB Chain, the leading smart contract blockchain platform developed by Binance, has revised its transaction fee policy after years of concentrating on minimizing costs for users and developers.
Pivot in Fee Policy and Sustainable GrowthNina Rong, Growth Director at BNB Chain, stated in a recent presentation that reducing gas fees is no longer the network’s primary objective. Rong emphasized the importance of sustainable business models within blockchain projects, noting that generating consistent revenue through gas fees and revenue-sharing programs is now a priority for the platform’s development and infrastructure upkeep.
Previously, BNB Chain drove efforts to drastically lower transaction costs, managing to decrease fees by up to 0.05 Gwei. This strategy led to a more than 90% reduction in transaction expenses from earlier levels, attracting a surge of users and developers to the platform.
However, Rong highlighted the need for the industry to adopt a different direction, suggesting reliance solely on grants and continual fee reductions may not provide adequate resources for long-term blockchain growth.
Rong described blockchain sustainability as hinging on “a viable business model that supports ongoing infrastructure by generating revenue through transaction fees and strategic revenue sharing.”
Robinhood Chain’s Revenue Sharing Model Sparks DebateRong’s comments come as discussions intensify around transaction fees on the recently launched Robinhood Chain. This blockchain, operated by Robinhood Markets, has faced criticism for transaction fees reaching $0.40 per transfer, prompting debate over the appropriate balance between affordability and sustainability in the sector.
Robinhood Chain has responded by highlighting its income-sharing arrangement with the Arbitrum ecosystem, a prominent Ethereum layer-2 scaling solution. Within this framework, Robinhood Chain splits 10% of its revenue: 8% is allocated to the Arbitrum DAO treasury, while 2% supports ongoing development.
Mini dictionary: Arbitrum DAO, a decentralized autonomous organization supporting the Arbitrum network, decides on funding and governance for ecosystem projects.
BlockchainTransaction FeeRevenue SharingBeneficiariesBNB ChainAs low as 0.05 GweiTransitioning to revenue sharingNetwork development & infrastructureRobinhood ChainUp to $0.4010%: 8% Arbitrum DAO, 2% DevelopmentArbitrum DAO & DevelopersThrough this program, Robinhood Chain links the financial success of its blockchain to the wider Arbitrum ecosystem, creating shared incentives for both governance participants and developers.
Industry Prospects and the Future of Gas FeesIndustry experts see BNB Chain’s strategic shift as a practical response to having already captured much of the user base attracted by low fees. Additional fee reductions may offer diminishing returns, while a focus on sustainability could deliver longer-term benefits to blockchain networks and their communities.
As the sector evolves, competition may intensify around which platforms can sustain their growth and reward stakeholders, rather than simply offering the lowest fees.
Some analysts predict that if this approach gains traction, users could begin to view gas fees not just as a cost, but as a contributor to ecosystem growth and shared network progress.
The move by BNB Chain signals a potential turning point in how transaction fees are perceived across the industry, with revenue sharing emerging as a key consideration for blockchain business models.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
ARB za poslední měsíc vyskočil o více než 120 % díky růstu Robinhood Chain, která za 24 hodin vygenerovala přes 2 miliony USD na transakčních příjmech. RSI je kolem 85, což zvyšuje riziko krátkodobé korekce.
Arbitrum (ARB) surged from approximately $0.08 in late August to nearly $0.20 in September, marking one of its largest rallies in 2025. This move represents an increase of more than 120% from its recent low. The latest daily trading session alone saw an almost 10% jump in ARB price.
Robinhood Chain delivers revenue surgeRobinhood Chain, a dedicated Arbitrum-based network created by the trading platform Robinhood, appeared to drive the latest momentum. Over a 24-hour period, Robinhood Chain generated more than $2 million in transaction revenue, and 10% of its net protocol revenue is redirected to the Arbitrum ecosystem. If activity remains consistent, Arbitrum’s share could translate into an estimated annualized income of $73 million.
In late August, Robinhood Chain’s gross revenue sharply increased from about $54,700 on August 22 to more than $1.08 million by August 30. During the same period, Arbitrum’s matching stake grew from roughly $5,400 to $108,000. Key metrics across the Arbitrum ecosystem also showed notable improvement.
Mini dictionary: Robinhood Chain, a blockchain developed as part of Robinhood’s expansion into decentralized finance (DeFi), leverages Arbitrum’s technology to offer users faster and cheaper transactions compared to Ethereum mainnet.
Arbitrum ecosystem demonstrates rapid growthThe Arbitrum Foundation reported that its networks handled 478 million transactions during the first half of 2025. Stablecoin transfers on Arbitrum networks exceeded a monthly average of $70 billion. In the same period, ArbitrumDAO, the project’s decentralized autonomous organization, earned $6.19 million. In July, which marked Robinhood Chain’s first full month on mainnet, license fees from the Expansion Program made up 35% of the DAO’s revenue.
MetricValueTransactions (H1 2025)478 millionMonthly stablecoin transfer volume$70 billionArbitrumDAO earnings (H1 2025)$6.19 millionExpansion Program share (July)35% of DAO revenueMarket sentiment and technical outlookIntense speculative activity has added further energy to the rally. Open interest in ARB futures contracts rose sharply during the initial breakout phase as traders increased their exposure through new long positions. Since August 31, open interest climbed by an estimated 30%, magnifying leverage in an already expanding spot market.
Currently, ARB trades near $0.195 on the daily chart after reaching an intraday peak close to $0.206. The Relative Strength Index (RSI) stands near 85, well above typical overbought thresholds. This overextension in technical indicators suggests the risk of a short-term correction despite strong fundamentals stemming from Robinhood Chain’s performance.
Presently, the rally is fundamentally supported by growth in Robinhood Chain, but the pace of ARB’s rise increases the possibility of a market correction as technical factors indicate overbought conditions.
The 200-day moving average sits near $0.119, highlighting ARB’s significant overperformance relative to its long-term trend. Maintained support at the $0.17–$0.18 range could sustain the breakout structure. However, a breakdown below this zone may trigger a deeper retracement after the notable 120% climb.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitwiseův HYPE ETF BHYP po čtyřdenní pauze obnovil nákupy a podle Arkham přikoupil HYPE za zhruba 10,5 milionu dolarů. Šlo o největší sledovaný nákup od 23,2 milionu dolarů 27. srpna.
Bitwise’s Hyperliquid exchange-traded fund resumed accumulating HYPE on Sept. 4 after four days without a tracked purchase.
Summary
Arkham tracked Bitwise-linked wallets purchasing approximately $10.5 million in HYPE after four inactive trading days. BHYP’s tracked HYPE purchases reached $166.3 million since launch, according to Arkham’s on-chain address attribution. Friday’s allocation was the fund’s largest tracked purchase since buying $23.2 million on August 27. Bitwise launched BHYP on NYSE Arca in May, providing direct exposure to the HYPE token. The trust uses Anchorage Digital Bank for custody and targets staking 70% of its assets. Wallets linked to the fund acquired approximately $10.5 million of the token, according to blockchain intelligence platform Arkham.
The allocation was BHYP’s largest tracked purchase since a $23.2 million transaction on Aug. 27, Arkham reported on Sept. 6. The platform estimates that Bitwise-linked addresses have accumulated about $166.3 million in HYPE since the product launched.
Arkham described BHYP as the “largest HYPE ETF.” That ranking relies on addresses identified by its analysts and the market value of tokens attributed to each product. Bitwise has not issued a matching announcement confirming the $166.3 million figure.
BITWISE IS BUYING HYPE AGAIN
Bitwise’s BHYP clients didn’t buy any HYPE for 4 days straight. On Friday they bought $10.5M, the biggest day for BHYP since buying $23.2M on August 27.
Bitwise has now bought $166.3M since launch, making it the LARGEST HYPE ETF. pic.twitter.com/l8J01rwinf
— Arkham (@arkham) September 5, 2026 Bitwise HYPE ETF resumed buying after four inactive days The $10.5 million transaction ended the longest recent gap in BHYP-linked accumulation reported by Arkham. However, the movement should not automatically be interpreted as one investor purchasing $10.5 million of fund shares.
Exchange-traded crypto products create and redeem shares through authorized participants. The trust may receive cash or tokens as part of that process, depending on its operating structure. Its HYPE acquisitions can therefore reflect net share creations, liquidity management or settlement activity involving several investors.
Blockchain data can identify transfers between labeled addresses. It cannot always reveal the commercial purpose of every transfer. Address ownership may also change, while internal custody movements can resemble purchases unless analysts identify the sending address and transaction route.
Arkham’s figures should consequently be treated as third-party estimates rather than audited fund-flow data. The reported four-day pause refers to activity involving wallets recognized by Arkham. It does not prove that the fund received no investor orders during that period.
Official filings confirm BHYP holds HYPE directly Bitwise announced BHYP in May as a U.S.-listed product designed to hold HYPE rather than derivatives tracking its price. The fund began trading on NYSE Arca on May 15 after commencing operations one day earlier.
Its SEC registration documents state that the trust primarily seeks to reflect the value of its HYPE holdings, minus operating expenses and liabilities. Bitwise markets the vehicle as an ETF, while its regulatory documents describe it as a Delaware statutory trust issuing exchange-traded shares.
The structure gives brokerage customers regulated exposure to HYPE without requiring them to maintain a crypto wallet or interact directly with Hyperliquid. Investors still face the token’s price risk, fund expenses, potential tracking differences and risks associated with crypto custody.
BHYP’s quarterly report names Anchorage Digital Bank as the trust’s HYPE custodian. The filing also confirms that part of the fund’s holdings can be staked to generate rewards.
Bitwise’s fund website lists a target of staking 70% of the trust’s assets. The BHYP product page reported a 2.25% gross staking reward rate and a 1.18% net rate in early September. Those rates can change and do not represent guaranteed returns.
The $166 million ranking depends on wallet attribution Arkham’s description of BHYP as the largest HYPE ETF is broadly consistent with the fund’s strong early demand. Still, the $166.3 million estimate should not be presented as official assets under management unless Bitwise publishes an equivalent figure.
Tracked token value can differ from a fund’s net assets. An ETF’s reported net asset value incorporates liabilities, cash, accrued fees and other accounting items. The dollar value of an identified wallet also moves continuously with HYPE’s market price.
Comparisons between HYPE products require consistent timestamps and valuation methods. Bitwise competes with products from 21Shares and Grayscale, among others. Grayscale prepared a fund carrying the HYPG ticker and a proposed 0.29% fee, according to coverage of the expanding HYPE ETF market.
BHYP attracted substantial demand soon after launching. Bitwise CEO Hunter Horsley reported approximately $19 million in daily inflows during May, when the fund recorded its strongest session at that time. That inflow helped BHYP take an early lead among HYPE products, as crypto.news reported.
HYPE-linked products collectively surpassed $100 million in reported inflows during their first ten trading sessions. The early total showed that regulated funds were becoming a measurable source of token demand, according to related coverage of institutional HYPE purchases.
ETF purchases are separate from Hyperliquid’s buybacks BHYP’s purchases form only one part of HYPE’s demand structure. Hyperliquid also operates a protocol mechanism that uses revenue from trading fees to acquire HYPE through its Assistance Fund.
Those purchases are not ETF inflows. They originate from activity on Hyperliquid’s trading platform and continue according to the protocol’s fee-allocation rules. Combining them with BHYP’s activity would overstate demand from investment products.
Hyperliquid had used more than $1.16 billion in fee revenue for HYPE purchases by late May, according to reporting on its automated buyback mechanism. The mechanism links HYPE demand to platform revenue, while ETF buying depends on investor creations and redemptions.
Bitwise has created another, smaller connection between its business and the token. The manager pledged to use 10% of BHYP’s management fees to purchase and hold HYPE on its corporate balance sheet. Those purchases belong to Bitwise rather than the ETF trust, making them distinct from the assets backing BHYP shares. The management-fee commitment therefore should not be counted as fund holdings.
What the next disclosures can confirm Bitwise’s official holdings, net asset value and shares outstanding offer the clearest way to test Arkham’s estimate. Changes in those figures can show whether the reported wallet accumulation corresponded with new ETF share creation.
Later SEC reports will provide audited or reviewed accounting information, although quarterly filings arrive after the transactions they cover. Daily fund disclosures may provide more current figures, but they can use valuation times that differ from Arkham’s live blockchain calculations.
Investors should also watch for revisions to Arkham’s address labels. A custody transfer, staking movement or newly identified address could change the platform’s estimate without representing fresh investor demand.
No evidence presented by Arkham establishes that the $10.5 million purchase caused a particular movement in HYPE’s price. Token prices respond simultaneously to broader crypto conditions, derivatives positioning, protocol buybacks and trading activity. Any claim assigning a specific price move to BHYP alone would remain speculative.
Snowflake ve 2. fiskálním čtvrtletí zvýšila tržby o 35 % na 1,55 miliardy USD a zvedla výhled na celoroční produktové tržby na zhruba 6,07 miliardy USD. Upravil také výhled provozní marže na 14,5 %.
It wasn't too long ago that Snowflake (SNOW -5.41%) was viewed as a potential AI loser. Today, the company looks to be one of the biggest AI winners outside the infrastructure space. The stock recently surged 16.6% the session following its fiscal second-quarter earnings report and is now up nearly 70% on the year.
The cloud-based data warehousing and analytics company's architecture, which separates storage from compute to allow customers to store data and then process it across multiple cloud computing providers, is proving integral in the age of AI. Its solution has become an important system of record for agentic AI and also, importantly, allows for model choice.
Let's take a closer look at Snowflake's fiscal Q2 results to see whether the growth stock can keep its momentum or if it's too late to buy the rally.
Image source: The Motley Fool.
Snowflake's strong momentum continues AI continues to be a big growth driver for Snowflake, with the company saying that it is at the center of the push toward enterprise agentic AI, as its platform "provides that trusted foundation." It's seeing rapid adoption of its AI coding agent CoCo and ready-to-use agentic app CoWork, while noting that its flexible model approach, which lets customers switch models and optimize costs, is a competitive advantage.
During the quarter, which ended July 31, the company's revenue climbed 35% year over year to $1.55 billion, topping the $1.48 billion analyst consensus. Product revenue, meanwhile, jumped 37% to $1.49 billion, its third-straight quarter of acceleration. Adjusted earnings per share (EPS) surged to $0.62 from $0.35 a year ago, easily surpassing the $0.45 consensus.
Snowflake continues to see strong expansion within its existing customer base, with net revenue retention rate coming in at 126% over the past 12 months, the same as in Q1. A number more than 100% indicates that existing customer usage is increasing after accounting for customer churn.
Snowflake also added 692 new customers in the quarter, including 14 Global 2000 companies. That was a 32% increase in net additions year over year. Meanwhile, it now has 828 customers who spend more than $1 million annually.
Snowflake raised its forecast for full-year product revenue to approximately $6.07 billion, up from previous guidance of $5.84 billion. The new outlook represents year-over-year growth of 36%. The company also raised guidance for its adjusted operating margin to 14.5% from 13.5%.
For fiscal Q3, it forecast product revenue between $1.588 billion and $1.593 billion, representing growth of 37% to 38%. It's looking for adjusted operating margin of 15.5%.
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Snowflake continues to fire on all cylinders. It continues to see great growth with existing customers, despite its large size, while it is also doing a great job of bringing on new customers.
It's truly positioned itself as an important model-agnostic platform that is paramount for the deployment of enterprise AI. With agentic AI still in the very early innings and the company continuing to build its own strong pipeline of AI products, Snowflake should have many years of strong growth in front of it.
The stock's valuation, though, is another story. With its strong performance this year, the stock now trades at a forward price-to-sales (P/S) multiple of 20 times this fiscal year's analyst estimates and 16 times fiscal 2028 (ending January 2028). That's toward the high end of its range since 2024, with similar to slightly higher revenue growth.
While I think Snowflake is positioned to be a long-term winner, its valuation could cap its near- to medium-term upside. As such, I wouldn't chase the stock here, but investors should be on the lookout to add shares on any meaningful pullback.
GitLab v srpnu vzrostl o 34,9 %, protože obavy, že AI nahradí software, polevily. Tržby za 2. fiskální čtvrtletí meziročně vzrostly o 21 % na 286,3 mil. USD.
Shares of GitLab (GTLB +1.05%) skyrocketed in August, gaining 34.9%, according to data supplied by S&P Global Market Intelligence. That's 90-fold higher than the 2.6% gains of the S&P 500.
It turns out the threat of artificial intelligence (AI) to the software sector wasn't as bad as some feared.
Image source: The Motley Fool.
Wall Street (and investors) have a change of heartOver the past few months, enterprise and software-as-a-service (SaaS) stocks have taken a beating, with the phenomenon labeled the "SaaSpocalypse." The main talking point held that AI agents would take over many of the tasks now accomplished by traditional enterprise software, making those offerings obsolete. The ensuing panic took down a large cross-section of software stocks, and GitLab wasn't spared, losing 48% of its value between early January and early April.
More recently, however, investors have been revisiting those dire predictions and concluding that the truth is more nuanced. Sure, AI agents can automate certain tasks, but it's unlikely they will be able to completely replace complex software deeply integrated into existing business systems.
GitLab's DevSecOps (software development, operations, and security) coding platform, for example, provides a secure environment for software creation. The company stands to benefit from the proliferation of AI, as humans increasingly interact with agents to build software.
Following that realization, there was a flurry of activity on Wall Street, as analysts revised their models and their price targets. After careful consideration, many investment banks decided that the end wasn't nye. In August, a host of analysts raised their price targets on GitLab:
BTIG analyst Nick Altman maintained a buy rating and assigned a $52 price target, up from $36. The analyst argued that far from being displaced by AI agents, the trend was a tailwind for GitLab.RBC Capital analyst Matthew Hedberg maintained a hold rating on GitLab while increasing his price target to $46 from $29. The analyst cited recent financial results from other software providers that left him more optimistic about the future.BofA analyst Koji Ikeda maintained a neutral (hold) rating but increased his price target on GitLab to $45 from $38 (the second such increase in August). The analyst cited multiple expansion in the software sector, improving growth, and the easing of AI-disruption fears for his increased optimism.There were many more, but you get the drift.
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PostscriptJust as September dawned, GitLab reported the results of its fiscal 2027 second quarter (ended July 31) and confirmed what Wall Street had predicted. Revenue of $286.3 million rose 21% year over year, the company's adjusted operating margin ticked higher to 15% from 14% in Q1, and adjusted earnings per share (EPS) of $0.25 was flat. This was well ahead of analysts' consensus estimates of revenue of $273.1 million and adjusted EPS of $0.18.
Other metrics were equally robust. Remaining performance obligation (RPO) -- or contractually obligated revenue that hasn't yet been recognized -- climbed 16% to $1.2 billion, while current RPO (which will be recognized within 12 months) jumped 20% to $744.7 million. This was all far from the SaaSpocalypse-related carnage investors had expected.
GitLab's rebound has had a commensurate impact on its valuation. The stock now sells for 57 times forward earnings and 48 times next year's expected earnings -- so it isn't exactly cheap. However, now that the SaaSpocalypse is in the rearview mirror, the future looks bright.
30 institucí drželo k 30. červnu zhruba 74,9 mil. USD v Hyperliquid ETF. Největším zveřejněným držitelem byla Wealth High Governance Asset Management s asi 23,95 mil. USD v THYP.
Thirty institutional investors collectively held roughly $74.9 million in Hyperliquid ETF products as of June 30, according to the latest round of quarterly 13F filings. The disclosures represent the first window into who exactly has been buying into one of crypto’s more unconventional ETF bets: a fund tracking the native token of a decentralized perpetual exchange.
Bloomberg Intelligence ETF analyst James Seyffart flagged the data, which shows a mix of asset managers, banks, and trading firms staking early positions in the newly launched products.
Who’s buying, and how much The largest disclosed holder is Wealth High Governance Asset Management, a Brazil-based firm that reported approximately $23.95 million in 21Shares’ THYP fund. That translates to 632,614 shares, making it the single dominant position in the entire filing cohort.
Behind Wealth High Governance, the roster gets more recognizable. OLP Capital Management disclosed roughly $10.5M in holdings. UBS followed at $7.5M, Bank of Montreal at $6.7M, and Jane Street at $4.4M.
Those top five holders account for about 70.8% of the total reported exposure, or roughly $53M. The remaining 25 institutions split the other $22M or so among themselves.
The products themselves Three Hyperliquid ETFs have launched in quick succession this year. 21Shares’ THYP began trading on May 12, 2026. Bitwise’s BHYP followed three days later on May 15. Grayscale rounded out the trio with a staking-focused Hyperliquid ETF on June 3.
By June 30, Bitwise’s BHYP fund alone reported $128M in net assets, holding approximately 1.96 million HYPE tokens. That figure captures total fund size, not just what shows up in 13F filings, since many holders either fall below the $100M reporting threshold or hold through structures that aren’t captured in the mandatory quarterly disclosures.
The gap between BHYP’s $128M in total net assets and the $74.9M reported across all three products in 13F filings suggests a significant chunk of demand is coming from retail investors or smaller institutions that don’t file 13Fs.
Context and precedent The Hyperliquid ETF launch followed a now-familiar playbook that Bitcoin and Ethereum ETFs established. Spot Bitcoin ETFs launched in January 2024 and attracted billions in their first weeks. Ethereum spot ETFs followed later that year.
What makes Hyperliquid different is the underlying asset. Bitcoin and Ethereum are broadly recognized, even by people who couldn’t explain a hash function. HYPE, by contrast, is the governance and utility token for a specific decentralized exchange that specializes in perpetual futures trading.
What this means going forward The fact that Jane Street, a quantitative trading firm known for its market-making activity, already appears in the filings hints at healthy secondary market liquidity. Among the three issuers, 21Shares attracted the single largest institutional holder, but Bitwise’s BHYP has the largest total fund size at $128M. Grayscale’s staking ETF offers a differentiated value proposition by passing through staking rewards.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Dlouhodobí držitelé Bitcoinu zvýšili aktivitu: 90denní průměr mincí přesunutých z peněženek neaktivních déle než pět let vzrostl na 1 500 BTC. Cena přitom zůstává pod 80 000 USD.
Long-term Bitcoin holders, often referred to as “OGs,” have sharply increased their transaction activity since May, with data showing the 90-day average of coins moved from wallets dormant for over five years now reaching 1,500 BTC. This trend comes as Bitcoin’s price trades in a tight range near $80,000, showing little momentum to break above this threshold.
Bitcoin OG transaction activity jumpsAccording to new research from CryptoQuant’s analyst Darkfost, veteran Bitcoin holders more than doubled their average spending activity compared to June, when the measure dropped to 962 BTC—its lowest in almost two years. This was also the first time since November 2024 that the figure fell below 1,000 BTC.
The 90-day moving average is used for this metric instead of daily readings, helping to reduce noise from large, individual transactions and giving a clearer view of shifts within the longstanding holder group.
Darkfost noted that “OG Bitcoin holder activity has intensified during this consolidation phase. The 90-day moving average of spent UTXOs from holders who have held BTC for more than five years just climbed to 1,500 BTC.”
Bitcoin traded at $79,901 at the time of reporting, up about 0.33% in the previous 24 hours, but continued to experience sharp swings between $78,723 and $81,370. The price remained pinned below $80,000 despite this increased on-chain activity.
Understanding OG movements and wallet transfersWhile increased wallet usage by veteran holders often raises concerns around potential selling pressure, analysts caution against assuming all such movements are sales. Some transactions may represent shifting assets to more secure storage following security incidents, rather than liquidations.
A spent UTXO means a previously unspent output is used as an input in a new transaction. Bitcoin tracks transfers based on UTXO movements, rather than conventional account balances.
Address labels can indicate whether coins are flowing to exchanges, custodians, or self-custody. Even so, deposits to exchanges don’t guarantee that sales occur, as some activity may simply reflect internal restructuring or improved storage security.
Recent blockchain data shows that, over a 10-day period in August, six ancient wallets moved 553.59 BTC valued at $40.15 million. These wallets had not been active in 12 to 15 years prior to these transactions.
Five of these wallets transferred funds to unknown private wallets, while one sent 40 BTC to Boerse Stuttgart Digital, a company providing digital asset custody and trading services, making the nature of the transfer—sale, custody change, or restructuring—uncertain.
Boerse Stuttgart Digital is a German institution specializing in secure crypto custody and trading infrastructure for institutional and retail investors.
Mini dictionary: Boerse Stuttgart Digital, a digital asset division of Boerse Stuttgart Group, offers regulated custody and trading services for cryptocurrencies, catering mainly to the European market.
Impact of Coldcard security issuesA major driver behind recent dormant wallet transfers was the Coldcard hardware wallet security breach. The device suffered a vulnerability that potentially exposed the seed phrases of affected wallets, putting user holdings at risk.
Following the issue, at least 28 wallets dormant since 2014 moved a total of 1,314.41 BTC on August 20, with over 1,200 BTC traced to 2014-era wallets. Owners responded to security advice by generating new seeds and moving coins, sometimes even after security software updates failed to resolve all problems.
Coldcard is a Bitcoin-focused hardware wallet brand, popular for its advanced security features targeting long-term holders.
Mini dictionary: Coldcard, a hardware wallet for Bitcoin, allows users to store their private keys securely offline, but flaws in firmware can jeopardize stored funds, as recently seen with seed phrase vulnerabilities.
Network activity rises amid price stagnationK33 Research estimates that almost 890,000 BTC changed hands during a seven-day period in early August, marking the highest weekly active supply level so far in 2026. This surge in activity occurred even as Bitcoin traded within one of its narrowest 30-day price ranges since 2023.
PeriodActive SupplyPrice RangeOG Holder Spent OutputEarly August 2026 (7 days)890,000 BTC$78,723–$81,3701,500 BTC (90-day avg)June 24, 2026Not statedNot stated962 BTC (90-day avg)This uptick in supply movement did not coincide with a decisive price rally, reflecting how on-chain signals can sometimes differ from market trends.
Galaxy Research reported that 1,596 BTC had been stolen in three major crypto theft waves as of August 5, involving around 7,300 affected addresses. The group estimated that total losses could rise to 2,055 BTC if a suspected fourth wave is confirmed, representing a value of approximately $130 million at the time. Despite these high-profile raids, nearly 90% of the stolen funds remained dormant on the blockchain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
HYPE se dostal do Nasdaq Crypto Index US ETF od Hashdexu, poprvé v americky obchodovaném crypto ETF. Současně velryba nakoupila 343 000 HYPE a celý balík stakovala.
The Hyperliquid (HYPE) token continues to gain traction, with bullish sentiment strengthening as institutional interest, staking activity, and significant whale accumulation lend support to the price action. At press time, HYPE trades at $85.36 with a 24-hour trading volume of $793.73 million and a market capitalization of $21.47 billion, having risen 1.36% within the last day.
Whale accumulation and staking activityA large investor known for operating the wallet “0x6436” has recently acquired 343,000 HYPE tokens valued at approximately $29.09 million, according to on-chain data shared by the market watcher Lookonchain. This move increases the whale’s position to 3.24 million HYPE tokens, collectively worth around $252 million.
Lookonchain added that this wallet has staked its entire HYPE holdings, indicating a long-term commitment to the project rather than seeking short-term gains. The ongoing accumulation by this major holder has drawn attention among traders, raising confidence in the token’s outlook.
Lookonchain emphasized that the magnitude of accumulation reflects substantial belief in HYPE’s long-term prospects, particularly since the tokens are now held in staking rather than entering the market for sale.
Mini dictionary: Lookonchain is a cryptocurrency analytics platform that tracks large transactions, whale holdings, and on-chain activity to provide insights into market dynamics.
Technical indicators and analyst outlookTechnical analysis on TradingView reveals an ongoing uptrend for HYPE, which climbed to $85.66 after recovering from a low near $50.00. The token is currently supported by a bullish alignment of exponential moving averages, with the 20 EMA at $78.29, the 50 EMA at $70.24, the 100 EMA at $64.14, and the 200 EMA at $56.11. This sequence signals continued positive momentum in the near term.
The MACD technical indicator shows a reading of 6.07, slightly above the signal line at 6.06, with green histogram bars indicating ongoing buyer strength. The price remains above all key moving averages, reinforcing the bullish trend.
Moving AverageLevel20 EMA$78.2950 EMA$70.24100 EMA$64.14200 EMA$56.11Crypto analyst Hov has underlined that the HYPE token’s rally produced notable gains for various entry points. Early buyers at $26 have seen approximately 240% returns, while positions taken near $55 are up over 50%.
ETF inclusion and institutional exposureRecent data from Hyperliquid Daily shows that HYPE has debuted in the Nasdaq Crypto Index US ETF, managed by Hashdex, a crypto asset management firm. This marks HYPE’s first inclusion in a US-listed crypto exchange-traded fund (ETF).
With a 3.4% allocation, HYPE is now the fifth largest holding in the fund, following Bitcoin, Ethereum, XRP, and Solana. The addition comes as the fund adjusts its holdings composition, reflecting a decreased weighting for Bitcoin and the inclusion of new assets as they grow in size and liquidity.
For Hyperliquid, the appearance in such a product could signal rising credibility and broader visibility among institutional and traditional investors. The project, initially focused on decentralized perpetual markets, now expands its presence as more investment vehicles take note.
Future changes in HYPE’s ETF allocation are likely to depend on continued growth and liquidity development in the protocol itself.
Inclusion in the Nasdaq Crypto Index US ETF positions HYPE closer to established cryptocurrencies as institutional interest accelerates.
The next directional move for the HYPE price will depend on buyers’ ability to sustain gains above key resistance points. While signs point to continued bullish momentum, profit-taking and volatility may follow after the recent sharp advance. If buyers maintain support, a breakout could drive prices toward the $105 target noted in technical setups.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum dostává EIP-8141, nový typ transakce „Frame Transaction“, který rozdělí jednu transakci až na 64 programovatelných framů. Návrh má přinést nativní account abstraction, batching i možnost platit gas jinými tokeny.
Ethereum is getting a new transaction primitive that could reshape how wallets, dApps, and smart contracts interact with the network. EIP-8141 introduces what’s called a “Frame Transaction,” a single transaction that can be broken into up to 64 programmable sub-units called frames, each capable of performing distinct operations within one atomic execution.
The proposal, co-authored by Vitalik Buterin and several core contributors, was first put forward on January 29, 2026. It has since been moved to “Scheduled” status for inclusion in the 2027 Hegotá hard fork.
What frame transactions actually do The new transaction type, designated 0x06, lets each frame operate in one of three modes. DEFAULT handles standard transaction deployment. VERIFY runs read-only validation, useful for checking conditions without changing state. SENDER executes in the context of the transaction’s sender, enabling patterns that previously required deploying dedicated smart contract wallets.
Each frame carries an intrinsic cost of 12,000 gas plus 475 gas per frame. For context, a basic Ethereum transfer today costs 21,000 gas, so the overhead per frame is relatively modest considering the functionality it unlocks.
The proposal also introduces several new opcodes. The APPROVE opcode (0xaa) handles authorization logic, while a suite of TXPARAM, FRAME, and SIG opcodes give developers granular control over how frames reference each other, pass parameters, and verify signatures.
Why this matters: native account abstraction without the workarounds The ecosystem has been building toward account abstraction through proposals like ERC-4337, which created an “alternative mempool” for account-abstracted transactions without changing the protocol itself. EIP-7702 took a different approach, allowing EOAs to temporarily delegate to smart contract code. ERC-4337 adds infrastructure complexity with bundlers and paymasters. EIP-7702 requires persistent delegation setups.
EIP-8141 takes a third path by baking these capabilities directly into the transaction format. A single frame transaction can include a verification step, an approval, and an execution, all without requiring the user to deploy a smart contract wallet or rely on third-party bundler infrastructure.
The proposal explicitly complements rather than replaces EIP-7702 and ERC-4337. Developers who’ve already built on those standards won’t need to rip anything out.
Gas sponsorship and atomic batching With frame transactions, a third party can cover gas costs within the same transaction structure. A dApp could onboard new users who hold zero ETH by sponsoring their first interactions, all without external relayer networks or off-chain signature schemes.
Atomic batching allows bundling approve-and-swap into a single atomic operation: either everything executes or nothing does, eliminating the current risk where a successful approval and a failed swap leaves a contract authorized to spend tokens.
ERC-20 fee payment is another notable inclusion. Users could pay transaction fees in stablecoins or other tokens rather than ETH, with a frame handling the conversion or payment logic inline.
Users can also create temporary, purpose-specific accounts for individual transactions without deploying persistent smart accounts or setting up delegation.
Post-quantum implications and long-term positioning Frame transactions create a natural structure for introducing post-quantum signature schemes. Because each frame can carry its own signature verification logic, the network could support quantum-resistant algorithms alongside existing ECDSA signatures without requiring a hard switch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
For half a decade, blockchain networks have been locked in a race to the bottom on gas fees. BNB Chain just stepped off the track.
Nina Rong, BNB Chain’s Growth Director, said on September 6 that the network’s priority is no longer reducing transaction costs. Instead, she argued the industry needs to build sustainable business models that incorporate gas fees, revenue sharing, and commercial agreements, essentially the boring-but-necessary financial plumbing that keeps infrastructure projects alive long-term.
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The fee wars are over, apparently BNB Chain has been one of the more aggressive fee cutters in the space. The network slashed gas costs to as low as 0.05 Gwei and achieved reductions exceeding 90% over historical trends.
But Rong’s message was clear: the next five years should look nothing like the last five. The emphasis needs to shift away from grants and fee reductions toward structures that actually generate revenue.
Her comments landed in the middle of a heated debate about Robinhood Chain’s transaction costs. The newly launched chain has drawn criticism for fees that can peak around $0.40 per transaction. But Robinhood Chain has a counterargument: it shares approximately 10% of its net revenue with the Arbitrum ecosystem, directing 8% to the DAO treasury and 2% toward development initiatives.
What this means for the competitive landscape Robinhood Chain’s revenue-sharing model with Arbitrum offers one template. By allocating a fixed percentage of net revenue back to the broader ecosystem, it creates alignment between the chain’s commercial success and the health of the network it builds on. The 8% DAO treasury allocation and 2% development fund split give stakeholders a direct financial interest in the chain’s transaction volume rather than just its token price.
For BNB Chain specifically, the pivot makes strategic sense. The network has already captured significant market share through years of aggressive fee cuts. Continuing to slash prices offers diminishing returns.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Halper Sadeh LLC prověřuje fúzi Fulcrum Therapeutics se Slate Medicines, zda Fulcrum pro akcionáře získává spravedlivou cenu. Po uzavření transakce mají akcionáři Fulcrum vlastnit 5,0 % spojené firmy.
FULC Stock Alert: Halper Sadeh LLC is Investigating Whether Fulcrum Therapeutics, Inc. is Obtaining a Fair Price for its Shareholders Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Fulcrum Therapeutics, Inc. (NASDAQ: FULC) and Slate Medicines, Inc. Upon closing of the proposed transaction, Fulcrum shareholders are expected to own 5.0% of the combined company.
Halper Sadeh encourages Fulcrum shareholders to click here to learn more about their rights and optionsor contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Fulcrum and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for Fulcrum shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for Fulcrum shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260905325596/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Pulmovant oznámil, že předběžné výsledky fáze 2 studie PHocus s mosliciguatem u pacientů s PH-ILD představí na kongresu ERS 8. září 2026. Studie zahrnovala 135 dospělých účastníků.
WALTHAM, Mass., Sept. 06, 2026 (GLOBE NEWSWIRE) -- Pulmovant, a clinical-stage biotechnology company committed to transforming the lives of patients with pulmonary diseases, and a Roivant (Nasdaq: ROIV) company, today announced that results from the Phase 2 PHocus study of mosliciguat in patients with pulmonary hypertension associated with interstitial lung disease (PH-ILD) will be presented at the European Respiratory Society (ERS) International Congress 2026 at 12:15 CEST (6:15 a.m. ET) on Tuesday, September 8, 2026, by Marc Humbert, MD, PhD, Professor of Respiratory Medicine at Université Paris-Saclay and Director of the French National Reference Center for Pulmonary Hypertension.
Mosliciguat is a potential first-in-class, once-daily, inhaled sGC activator with a differentiated mechanism of action designed to deliver targeted pulmonary vasodilation with limited systemic side effects for the treatment of PH-ILD.
The Phase 2 PHocus clinical study (NCT06635850) is a randomized, double-blind, placebo-controlled, global trial that enrolled 135 adult participants with PH-ILD to assess the safety and efficacy of mosliciguat. Mosliciguat is also being evaluated in the Phase 2 PHactor clinical study (NCT07333183), an open-label trial evaluating the tolerability and safety of inhaled mosliciguat in combination with inhaled treprostinil in participants with PH-ILD.
About Pulmonary Hypertension and Interstitial Lung Disease
Pulmonary hypertension (PH) is a progressive and debilitating condition characterized by high blood pressure in the blood vessels of the lungs. This elevated pressure forces the heart to work harder to pump blood through the lungs, leading to symptoms such as shortness of breath, fatigue, chest pain, and dizziness. The World Health Organization (WHO) has classified PH into five groups based on their underlying causes, symptoms, and treatment approaches. Group 3 PH is a subtype of PH that arises from lung diseases, such as interstitial lung disease (ILD). ILD describes a large group of diseases that cause progressive damage to the lungs, making it difficult for patients to breathe. Up to 200,000 patients across the U.S. and Europe are living with PH-ILD, a subset of Group 3 PH, and have limited or no approved treatment options. For more information, please visit https://www.pulmovant.com/our-science.
About Mosliciguat
Mosliciguat is a potential first-in-class, once-daily, inhaled sGC activator with a differentiated mechanism of action, which may have broad application across the spectrum of pulmonary hypertension (PH). Mosliciguat targets sGC, a key enzyme in the nitric oxide (NO)/cyclic guanosine monophosphate (cGMP) signaling pathway that catalyzes cGMP production. Elevated cGMP levels are known to promote vasodilation, contribute to anti-fibrotic effects, reduce inflammation and apoptosis and reverse vascular remodeling. Unlike sGC stimulators, which require reduced heme and NO to exert their effect, mosliciguat is an sGC activator that is believed to work independently of heme and NO. In the Phase 1b ATMOS study of mosliciguat, a single dose of inhaled mosliciguat in PH patients was well tolerated and led to clinically meaningful, mean peak reduction in pulmonary vascular resistance (PVR) of up to 38%, one of the highest reductions seen in pulmonary hypertension trials to date. For information on the Phase 2 PHocus study of mosliciguat, please visit https://phocusstudy.com.
About Pulmovant
Pulmovant is a clinical-stage biotechnology company committed to transforming the lives of patients with pulmonary diseases and is a Roivant (Nasdaq: ROIV) company. Pulmovant’ s first investigational candidate, mosliciguat, is designed to provide a novel, once-daily, inhaled treatment option for patients with pulmonary hypertension associated with Interstitial Lung Disease (PH-ILD). Mosliciguat is a potential first-in-class soluble guanylate cyclase activator with a differentiated mechanism of action currently being evaluated in the Phase 2 PHocus global clinical trial in PH-ILD. For more information, please visit https://www.pulmovant.com.
About Roivant
Roivant (Nasdaq: ROIV) is a commercial-stage biopharmaceutical company that aims to improve the lives of patients by accelerating the development and commercialization of medicines that matter. Roivant’s pipeline includes LISRAYA™ (brepocitinib), a potent small molecule inhibitor of JAK1 and TYK2 FDA-approved for the treatment of dermatomyositis in adult patients and also in late-stage development for the treatment of non-infectious uveitis, cutaneous sarcoidosis and lichen planopilaris; IMVT-1402, a fully human monoclonal antibody targeting FcRn in development across several IgG-mediated autoimmune indications; and mosliciguat, an inhaled sGC activator in development for pulmonary hypertension associated with interstitial lung disease. We advance our pipeline by creating nimble subsidiaries or “Vants” to develop and commercialize our medicines and technologies. For more information, visit www.roivant.com.
Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are usually identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations of such words or similar expressions. The words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.
Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, and statements that are not historical facts, including statements about the clinical and therapeutic potential of our product and product candidates, the availability and success of topline results from our ongoing clinical trials, any commercial potential of our product and product candidates following applicable regulatory approvals and the outcome of any pending litigation. In addition, any statements that refer to projections, forecasts or other characterizations of future events, results or circumstances, including any underlying assumptions, are forward-looking statements. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors.
Although we believe that our plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, those risks set forth in the Risk Factors section of our filings with the U.S. Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are based upon the current expectations and beliefs of our management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as required by applicable law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Zcash prudce vzrostl a za posledních 24 hodin vyvolal likvidace za 13,24 milionu USD, z toho 11,26 milionu USD na shortech. Cena se dostala až na 1 051 USD a poprvé od roku 2018 překročila 1 000 USD.
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Privacy token Zcash (ZEC) faces a 562% liquidation imbalance after a sharp rally forced traders betting against the token out of leveraged positions.
Zcash traded as high as $1,051 on September 4, 2026, building on a sharp surge from a low of $805 on September 3, 2026. Days ago, Zcash witnessed choppy price action as its rally could not break $888, which could be the reason behind traders' bearish stance. Instead, Zcash ripped higher, surpassing the $1,000 mark for the first time since 2018.
Zcash's latest price surge caught traders betting against Zcash's increase off guard. About $13.24 million of leveraged ZEC positions were liquidated over the past 24 hours, with $11.26 million coming from shorts and $1.98 million from longs, according to CoinGlass data. The percentage imbalance between longs and shorts yields 562%.
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The ZEC rally dates back to October 2025, coming out of a range that had been in place since June 2022. In April 2025, Zcash traded as low as $7.7 before a stunning comeback in October of that same year.
Zcash locks in 2,395% yearly gainsRecovering from June's low, Zcash's rally accelerated in August 2026, gaining 105% in the last 30 days and 2,395% over the past year, according to CoinGecko data.
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Contributing to the price growth are both technical and institutional developments. Grayscale's spot Zcash ETF began trading on NYSE Arca in late August under the ticker ZCSH. Separately, Digital Currency Group, which controls Grayscale, was in non-binding talks with a subsidiary to purchase 200,000 ZEC.
The developers of Zakura, a Zcash node launched in July, released cryptographic tools earlier this month that reduced the time it takes a wallet to build a private transaction from over three seconds to less than 200 milliseconds on mobile, with the aim to make the chain fast enough for everyday payments.
Zcash's price increase has pushed its market capitalization to about $17.25 billion, ranking it as the 10th-largest crypto asset by market cap.
In a new milestone, the Zcash ETF has crossed $400,000,000 in AUM, marking a new all-time high for the first and only Zcash fund.
Circle spustila Circle Wrapped Bitcoin (cirBTC), token krytý v poměru 1:1 BTC a podložený Chainlink Proof of Reserve. Je live na Ethereum a native podpora má později dorazit i na Arc po spuštění mainnetu.
Circle has launched Circle Wrapped Bitcoin (cirBTC), a 1:1 BTC-backed token that brings native Bitcoin onto programmable networks with segregated custody and verifiable onchain reserve data. Announced on 4 September 2026, cirBTC is live on Ethereum today, with native support planned for Circle’s Arc layer-1 blockchain once its mainnet launches.
How cirBTC’s Backing Is Structured Every cirBTC token is backed one-to-one by native Bitcoin and redeemable one-to-one for it, a wrapped token rather than a staked or derivative product. The underlying BTC is held through a Circle affiliate and custodied by Circle National Trust, a federally chartered national trust bank supervised by the Office of the Comptroller of the Currency. Reserves sit in accounts segregated from Circle’s corporate assets and held for the exclusive benefit of cirBTC holders, keeping the collateral legally and operationally separate from the issuer’s balance sheet. The token is issued by Circle International Bermuda Limited, a Class F Digital Asset Business licensed by the Bermuda Monetary Authority.
Chainlink Proof of Reserve for Verifiable Backing Circle pairs segregated custody with observable backing by connecting three data points: native BTC held in disclosed reserve addresses, the onchain reserve value published through Chainlink Proof of Reserve, and the circulating cirBTC supply across supported chains. When cirBTC is redeemed, the corresponding tokens are removed from circulation and native BTC is released, so tokens in circulation should not exceed the BTC held in reserve. Circle is careful to note that proof of reserve does not replace custody, redemption, or smart-contract diligence, but it lets lending protocols, market makers, and asset managers inspect the collateral without relying solely on an issuer’s statement.
Ethereum Now, Arc and More Later cirBTC enters an already competitive wrapped-Bitcoin market, where custody and reserve transparency have become the key differentiators for institutions deciding how to put BTC to work in decentralized finance. The launch also extends Circle’s reach beyond its USDC stablecoin franchise, following moves such as bringing USDC to Hyperliquid. Native cirBTC support on Arc is expected at mainnet launch, subject to applicable regulatory approvals, with additional blockchain integrations planned over time. For holders, the pitch is straightforward: a way to use Bitcoin in onchain markets, as it did when WBTC exchange outflows recently hit a six-week high, while keeping the reserve side of that exposure observable.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Denní spalování UNI na Uniswapu dosáhlo rekordních 1,15 milionu USD a poprvé se dostalo nad hranici 1 milionu USD. Tahounem byl růst aktivity na Robinhood Chain.
Robinhood Chain has recorded rapid growth, and Uniswap has become its largest direct beneficiary.
As AMBCrypto reported, tokenized-stock holders increased from nearly zero to 863,800 within two months.
Daily Trading Volume also averaged between $100 million and $130 million. That participation substantially increased Robinhood Chain’s Fees and Revenue.
Source: DeFiLlama On the 4th of September, daily Fees reached $6 million, while Revenue climbed to $5.4 million. That activity also pushed daily UNI burns to a record value.
Why did UNI burns cross $1M? Uniswap recorded higher activity alongside rising Fees and Revenue. DeFiLlama data showed that daily Fees reached $12.5 million, while Revenue exceeded $1 million.
Source: DeFiLlama As network activity accelerated, the value of burned UNI also climbed sharply.
According to the Wu Blockchain Data Center, daily UNI burns reached $1.15 million. That marked the first time their daily value surpassed $1 million.
Source: Wu Blockchain Data Center Around 184,000 UNI were burned, marking the second-highest daily total on record. Robinhood Chain generated approximately 150,000 UNI of that amount.
On the same day, Robinhood DEX Volume surpassed $3 billion for the first time.
Uniswap accounted for 98% of that activity, making it the primary engine behind the burn. Token burns reduce circulating supply. However, their price impact still depends on demand and the size of remaining supply.
Can UNI price follow the burn? Despite record burns, Uniswap [UNI] continued facing selling pressure from Spot traders. Spot Netflow rose to $2.1 million after recording -$6.6 million during the previous session.
Source: CoinGlass That reversal indicated renewed exchange inflows and potential profit-taking.
Even so, UNI’s market structure retained a bullish bias. The Positive Directional Indicator [+DI] remained above the Negative Directional Indicator [-DI], showing that buyers maintained directional control.
Source: TradingView Meanwhile, the Average Directional Index [ADX] remained above its SMA, supporting the trend’s strength. The Advance Decline Ratio also held above 1, confirming broader bullish participation.
Therefore, stronger demand alongside continued burns could help Uniswap [UNI] clear $6.50 and target $7.
However, UNI must defend $6. Losing that level could expose the $5.60 support. Uniswap’s burn mechanism is working. The unanswered question is when the market will price that value accrual.
Final Summary Robinhood Chain reached 863,800 tokenized-stock holders within two months. Its daily Trading Volume averaged between $100 million and $130 million. Uniswap [UNI] could target $7 if demand strengthens and $6 remains support.
Tokenizované akcie na Solaně a Robinhood Chain překročily ve vkladech v DeFi 152 milionů USD. Solana drží asi 75,4 milionu USD a Robinhood Chain zhruba 72,7 milionu USD.
Tokenized stocks sitting on Solana and Robinhood Chain have crossed $152 million in combined DeFi deposits. That figure represents roughly 79% of the entire $192.6 million in tokenized-equity DeFi TVL across all chains, a concentration that says a lot about where this market is actually happening.
Solana commands the lion’s share at approximately $75.4 million, good for 64.5% of the global market in tokenized-stock DeFi deposits. Robinhood Chain, barely two months old, has already muscled its way to second place. The rest of the field, Ethereum included at around $15 million, is fighting over scraps.
From trading tokens to farming yield Still, only about 5% of all tokenized equities have actually entered DeFi lending protocols. That’s a tiny fraction of a $3.1 billion total tokenized equity market cap. Solana hosts the largest share of that deployed capital, which tracks with its broader dominance in onchain equity trading.
In Q2 2026, Solana recorded $5.8 billion in tokenized-stock DEX volume. That’s roughly 95% of all onchain equity trading globally, a 114% increase from the prior quarter. Platforms like xStocks and Raydium have been the primary venues facilitating that flow.
Robinhood Chain’s aggressive entrance Robinhood Chain launched on July 1, 2026, as a Layer 2 solution built on Ethereum, purpose-built for tokenized real-world assets. Within its first month, the platform’s tokenized equities reached an active market value of nearly $72.7 million. That represents close to a sevenfold increase from its early days, driven largely by trading activity in familiar names: tokenized GameStop hit a daily trading volume of $26.6 million shortly after launch, and Nvidia proved similarly popular.
Weekly spot volume across major chains reached approximately $3 billion in August 2026, with Robinhood Chain capturing a meaningful slice despite being the newest entrant. Grayscale has identified Solana, Robinhood Chain, and BNB Chain as the three leading platforms for tokenized equity volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Burry znovu tvrdí, že Palantir působí spíš jako konzultační firma než softwarová společnost. Upozorňuje na rychle rostoucí pohledávky a na to, že jeden zákazník dluží zhruba 400 milionů USD.
Michael Burry is going after Palantir Technologies (PLTR -4.49%) again. The investor of The Big Short fame laid out an accounting case against the artificial intelligence (AI) software specialist in a February post titled "Palantir: An Accounting."
This week he pressed the case again, arguing that Palantir's financial profile looks more like a consulting firm's than a software platform's. He says a company valued around $420 billion today could eventually be worth less than $100 billion.
He has had money behind the view. His Scion Asset Management disclosed put options on 5 million Palantir shares last fall. That was its final filing before he wound the fund down, and he told subscribers in April that he still holds Palantir puts.
Palantir stock, meanwhile, fell almost 6% on Wednesday, jumped 7.7% on Thursday (the same day the company and consulting giant PwC announced an expanded enterprise AI alliance), and traded near $174 as of this writing, down more than 4%.
Burry's case rests on numbers in Palantir's own filings, so that is where I checked it.
Image source: Getty Images.
The receivables are growing faster than salesIn nine of the last 12 quarters, Burry wrote in February, Palantir's accounts receivable (the money customers owe for work already billed) grew faster than its revenue. He argued that a pattern like that can point to channel stuffing, aggressive revenue recognition, or payment terms stretched to win deals.
The newest numbers don't break the pattern. Receivables stood at $1.49 billion at the end of June, up from $1.04 billion at the end of 2025 -- 43% growth in six months, against 38% growth in quarterly revenue over the same stretch. And the build is speeding up. It cut $434 million from operating cash flow in the first half, versus $164 million a year earlier.
Notably, Palantir itself offers an explanation. The company says in its June-quarter filing that it has been shifting away from collecting several years of payments up front and toward billing annually or even in arrears, meaning after the work is done.
That is a legitimate business choice. It is also exactly how a consulting firm gets paid.
One customer owes about $400 millionThe filing also discloses that a single customer, identified only as Customer I, represented 27% of receivables at the end of June, up from 25% at the end of 2025. That works out to roughly $400 million owed by one customer.
However, no customer accounted for more than 10% of revenue in the first half -- about $357 million at most. In other words, one customer appears to owe Palantir more than it could have recognized in revenue from any customer all half.
That isn't proof of anything improper. A large government-related account may simply pay slowly, or billing may run ahead of schedule. But it is an unusual shape for a software company, with revenue spread across many customers and collection risk concentrated in one.
Does Palantir collect like a consultant?Burry's sharpest comparison is a ratio. A subscription software company typically bills customers up front, so cash arrives before the revenue does and piles up on the balance sheet as deferred revenue. A consulting firm earns the revenue first and collects later. Salesforce, for example, carried $18.8 billion of unearned revenue in its most recent quarter -- more than one and a half times its $11.3 billion of quarterly revenue. At Accenture (ACN -3.31%), the consulting giant Burry measures Palantir against, deferred revenue of about $7.6 billion amounts to around 40% of quarterly revenue.
Palantir's deferred revenue of about $613 million comes to 32% of its $1.94 billion in second-quarter revenue, effectively the ratio Burry cites. Add the $453 million of customer deposits Palantir groups with it as contract liabilities, and the figure is still only about 55%. On either basis, Palantir collects like Accenture, not like Salesforce.
Of course, the rest of the filing hardly describes a company in trouble. Revenue grew 93% year over year in the second quarter, and operating cash flow more than doubled in the first half, to $2.1 billion.
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Customers are paying. They are just paying later, and in a more concentrated way, than software investors might assume.
And that, I think, is where Burry's argument lands hardest. It isn't an accusation of fraud. Every number he cites is disclosed. It is a reclassification argument: If Palantir earns its revenue the way a consultant does, the stock may not deserve a software valuation.
At about 150 times earnings, shares have a long way to fall if the market ever agrees with him. His sub-$100 billion scenario is more than 75% below today's value. I was on the sidelines at this valuation before Burry wrote a word, and the second-quarter filing doesn't move me off them.
Elon Musk říká, že SpaceX může díky vlastní výrobě klíčové součásti zprovoznit plynové turbíny až o 18 měsíců rychleji. To by mohlo urychlit napájení AI datacenter i rozvoj energetiky Tesly.
Elon Musk says Space Exploration Technologies (SPCX -1.20%) can bring natural gas turbines online up to 18 months faster by manufacturing one of its most difficult components in-house. If he's right, SpaceX could remove one of the biggest bottlenecks facing the artificial intelligence (AI) boom: electricity.
SpaceX is developing a foundry in Bastrop, Texas, that will manufacture turbine blades and vanes. These components have become a major constraint on new gas turbine production, contributing to increasingly long waits for the equipment needed to power new data centers. Musk says bringing that manufacturing in-house could shave as much as 18 months off the time required to get turbines online, calling the potential impact a "profound game changer."
For SpaceX, that could mean getting AI data centers running faster instead of waiting years for additional power generation. And for Tesla (TSLA -5.92%), it could make the company's rapidly expanding energy business even more relevant as Musk builds out the power infrastructure needed to support AI.
AI has a power problem SpaceX is no longer just a rocket and satellite company. As it expands into AI infrastructure, the company needs enormous amounts of computing capacity. And all those graphics processing units (GPUs) need electricity.
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Musk, the CEO of both SpaceX and Tesla, has warned that power availability could keep a significant amount of AI computing hardware from even turning on. That's why SpaceX has been scrambling to secure natural gas turbines while simultaneously building solar manufacturing capacity. SpaceX and Tesla are each working toward a goal of eventually manufacturing 100 gigawatts (GW) of solar capacity annually in the U.S. Musk has acknowledged, however, that natural gas will still be needed to supplement solar generation for several years. So instead of waiting years for suppliers to expand turbine production, SpaceX wants to manufacture one of the bottleneck components itself.
Why this matters for SpaceX stock The immediate benefit is speed. Musk has discussed building 10 GW or more of terrestrial data centers by the end of 2027. Morgan Stanley analyst Adam Jonas estimates Musk could secure roughly 3 GW to 4 GW of power by then through various turbine purchase agreements. Producing turbine components internally could eventually remove another constraint on that expansion.
There's potentially a second benefit. The same foundry could reportedly manufacture castings for SpaceX's Raptor rocket engine turbopumps. That would allow SpaceX to spread the cost of the facility across both its space and AI operations. And of course, vertical integration gives SpaceX greater control over its expansion.
AI companies are spending tens of billions of dollars on GPUs and data centers. But those investments don't generate much value if the facilities can't get enough electricity. Every month SpaceX can eliminate from the power-development timeline potentially means expensive computing equipment starts generating revenue sooner.
Image source: Getty Images.
What about Tesla? The benefit to Tesla is less direct, but still important. Tesla is investing heavily in AI, autonomy, robotics, energy storage, and solar. The company is also pursuing a major expansion of U.S. solar manufacturing, including plans for a large new solar facility in Texas.
Tesla already has a substantial position in energy storage through its Megapack business. That gives it exposure to one of the other major challenges created by the AI power boom: balancing electricity supply and demand.
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Gas turbines can provide reliable generation. Solar can provide enormous amounts of relatively inexpensive electricity. Batteries can store excess electricity and release it when demand rises. Tesla is already positioned in two of those three areas.
SpaceX's turbine push doesn't mean Tesla will suddenly start manufacturing gas turbines. But the broader build-out could increase demand for the solar generation and battery storage Tesla is trying to scale. And that could make Tesla Energy increasingly important to the company's valuation.
There's still plenty of execution risk Don't assume SpaceX can simply build a foundry and immediately solve the turbine shortage. Casting turbine blades and vanes is extremely difficult. These parts must operate reliably under extraordinary temperatures and stresses. Established manufacturers have spent decades perfecting their processes. SpaceX will have to prove it can manufacture them reliably and at scale.
So I wouldn't buy SpaceX or Tesla simply because Musk says he can shorten turbine deployment by 18 months. But I would watch what happens in Bastrop. Because if SpaceX can manufacture these components at scale, it could bring new power generation online faster, accelerate its AI infrastructure build-out, and reduce its dependence on outside suppliers.
For Tesla, the impact is more indirect. But a massive expansion of AI power infrastructure creates another potentially enormous market for solar generation and battery storage. So yes, this is much bigger than just turbines, and the result could absolutely be the profound game changer Musk claims it to be.
Analytici u Viking Therapeutics čekají cílovou cenu kolem 92 USD, což znamená potenciál růstu o 162 % proti současné ceně. Skeptici ale upozorňují na silnou konkurenci a riziko selhání klinických studií VK2735.
According to Yahoo! Finance, the consensus price target from analysts for Viking Therapeutics (VKTX +2.62%) is about $92, which indicates potential upside of 162% from its current stock price. It's a significant opportunity, but is it justified? Here's the lowdown from the skeptics' perspective.
Viking Therapeutics' prospects The investment case for the stock rests on its lead drug candidate, VK2735, a dual GLP-1 and GIP agonist in development for obesity and type 2 diabetes. The two key advantages VK2735 may have over its rivals are a steeper rate of weight loss and the promise of a dual-formulation therapy (oral and subcutaneous). The combination of these two advantages would mean that patients could achieve significant weight loss with a subcutaneous (injectable) dose, followed by a more convenient oral maintenance dose.
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These properties mean VK2735 could win market share in a crowded field, and investors are looking forward to the results of its phase 3 trials of VK2735 in subcutaneous formulation (likely in the second half of 2027) and VK2735 in oral formulation (set to commence later this year with results likely in 2028/2029). In addition, investors are awaiting the imminent results of a small (180 adults) phase 1 maintenance trial designed to evaluate dosing regimens.
As with clinical-stage biopharmaceutical companies, there are two key considerations for investors to ponder, both of which pose risks for Viking Therapeutics. The first is competition from rival drugmakers and its possible impact on the market potential of Viking's pharmaceuticals. The second is Viking's success in its clinical trials, as that will also determine the value of its pipeline.
The obesity and type 2 diabetes treatment market is highly competitive, with drugs already within VK2735's class of drugs, including oral formulations. Moreover, much larger peers like Eli Lilly (LLY -0.88%), Novo Nordisk (NVO -1.92%), and Amgen are already developing next-generation or differentiated treatments.
Image source: Getty Images.
Focusing on the more lucrative obesity market, the list of already approved drugs includes Eli Lilly's Zepbound (tirzepatide), which has the same mechanism as VK2735, and an oral tablet, Foundayo (orforglipron). Novo Nordisk has semaglutide approved as an injectable (Wegovy) for obesity and as an oral tablet (Rybelsus) for diabetes, with additional oral formulations for obesity in development.
Looking ahead, Eli Lilly plans to file for FDA approval of its GLP-1, GIP, and glucagon agonist, retatrutide, in early 2027, following several successful phase 3 trials. Novo Nordisk has CagriSema (which combines semaglutide and another drug) and an experimental drug, Amycretin, in phase 3 trials.
This is a highly competitive market, and it could be even more competitive by the time Viking completes its phase 3 trials for VK2735.
Clinical trial data There is no end to reasons for trial failures. In the case of VK2735, it could come down to the safety and tolerability of the drug in oral form.
Image source: Getty Images.
The stock crashed last summer after phase 2 results for VK2735 (oral) revealed a 20% discontinuation rate due to adverse events in the treated group. Oral formulations always have to answer the questions around potential gastrointestinal issues.
Any issue with the tolerability of VK2735 (oral) will threaten not only the market potential of the oral formulation itself but also its use as a maintenance dose in Viking's dual-formulation approach.
Where next for Viking Therapeutics There's no doubt the company faces significant competitive and clinical trial risks, and investors are hoping Viking calibrates any titration issues with the oral formulation in the phase 3 trial. In the near term, the results from the phase 1 maintenance trial will provide indicative data on the potential dual-formulation strategy. A successful result may cause some skeptics to reconsider their position.
Cerebras má ke konci června backlog 25,4 miliardy USD, z velké části díky dohodě s OpenAI. Firma očekává, že do června 2028 z něj zaúčtuje jen asi 22 %.
By most measures, Cerebras Systems (CBRS +10.30%) delivered an outstanding second quarter.
The artificial intelligence (AI) computing specialist grew its non-GAAP (adjusted) revenue 103% year over year to $209.9 million. Its inference cloud business nearly quadrupled, and management raised its full-year outlook to a range of $880 million to $890 million in adjusted revenue.
But the most important number in the mid-August update wasn't on the income statement at all. Cerebras ended June with $25.4 billion in remaining performance obligations, the backlog of contracted work it hasn't yet delivered or recognized as revenue. That's nearly 29 times the revenue management expects for all of 2026, a figure lifted by data center costs passed through to OpenAI.
A figure that large deserves scrutiny. The company's own filings say where to look: at a single agreement with OpenAI.
Image source: Getty Images.
The backlog arrived almost all at onceIn December 2025, Cerebras signed a master relationship agreement with the ChatGPT maker under which OpenAI committed to purchase 750 megawatts of computing capacity for AI inference -- a deal Cerebras has valued at more than $20 billion. OpenAI also holds an option to buy an additional 1.25 gigawatts of capacity by the end of 2030.
Remaining performance obligations were $24.6 billion at the close of 2025, then edged up to $25.0 billion in March and $25.4 billion in June. The balance grew only about 3% over the first half of 2026. Nearly all of it was on the books before 2026 began. And Cerebras says in its latest quarterly filing that a significant amount of the balance is attributable to its obligations under the OpenAI agreement.
Cerebras recognized $56.8 million of revenue under the arrangement in the second quarter, or about 32% of the company's $180.1 million in revenue under generally accepted accounting principles (GAAP), which grew 74% year over year.
When does the backlog become revenue?The backlog converts slowly, by design. Cerebras expects to recognize only about 22% of the $25.4 billion (about $5.6 billion) over the 24 months ending June 30, 2028.
Another 43% should arrive between months 25 and 48, with the rest coming later. Of course, the timing can shift at the customer's request.
It's worth noting, though, that the near-term share has moved up. At the close of 2025, Cerebras expected about 15% of the balance to convert in the 24 months through 2027. The latest figure is 22%, though it covers a window ending six months later.
The conversion takes years partly because Cerebras is still building the thing it has sold. Capacity for OpenAI deploys in stages from 2026 through 2028. Cerebras says more than 600 megawatts of data center capacity is live or under contract for delivery by the end of 2027, with manufacturing capacity set to grow more than tenfold in 2026. And just this week, Cerebras announced a new 165-megawatt data center in Finland.
OpenAI is even helping to finance the build-out, advancing Cerebras a $1 billion working capital loan in January.
Concentration isn't new hereIn 2025, Mohamed bin Zayed University of Artificial Intelligence accounted for 62% of the company's revenue, and Group 42 accounted for another 24%. Those figures are shares of last year's revenue, not of the backlog.
But the pattern held in the second quarter, when three customers each accounted for at least 10% of revenue, or 76% of it between them. The company doesn't say exactly how much of the $25.4 billion sits with OpenAI. Either way, a short list of buyers is doing most of the buying.
That matters because of the stock's valuation. With shares around $215 as of this writing (down about 44% from their 52-week high of $386.34), the whole company is valued near $51 billion -- nearly 58 times the adjusted revenue management expects this year, for a company still posting operating losses. Even if revenue more than triples in 2027, as management plans, the stock would trade at about 19 times those expected sales.
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What, then, is the backlog worth to a shareholder? A lot, I think -- just not everything the headline number implies.
The $25.4 billion includes a customer's multiyear commitment, not revenue in hand. And most of it is scheduled to convert after mid-2028, by a company that must build enormous capacity on time, much of it for one buyer whose needs could change.
The business itself is executing well. Adjusted gross margin improved about nine percentage points from a year ago, and Cerebras holds about $8.6 billion in cash and investments after May's initial public offering.
Ultimately, the backlog is evidence of extraordinary demand and arguably the best reason to keep watching Cerebras closely. But I'd want to see the OpenAI revenue step up for a few more quarters before paying today's price.
AMD přislíbila investovat až 5 miliard USD do Anthropic, ale jde o podmíněnou budoucí investici. Anthropic má podle zpráv zveřejnit prospekt k IPO už po svátku Labor Day.
When Advanced Micro Devices (AMD +4.69%) announced its Anthropic partnership in late July, two commitments stood out. Anthropic agreed to deploy up to 2 gigawatts of AMD Instinct MI450 series graphics processing units (GPUs), with deployment of the first gigawatt set to begin in the first half of 2027. And AMD committed to invest up to $5 billion in the artificial intelligence (AI) company behind the Claude models.
The second commitment is about to get easier to measure. Anthropic plans to publish its initial public offering (IPO) prospectus after the Labor Day holiday on Monday, with a listing as soon as late September or early October, The Information reported late last month.
What does AMD hold today, then? Not a stake, at least not yet.
Image source: AMD.
Conditions attachedAMD's press release put it carefully: The company "has committed to make a strategic equity investment of up to $5 billion in Anthropic in the future."
AMD's early August quarterly filing added structure. It describes investment commitments of up to $5 billion entered after the quarter ended, "subject to certain contingencies," with the money expected to go out through fiscal year 2028.
Neither company has said what the contingencies are. And no valuation for the investment has been disclosed.
That shape has become standard among Anthropic's backers. Alphabet agreed in April to invest up to $40 billion -- $10 billion immediately, the remaining $30 billion contingent on performance milestones.
For scale, AMD held $1.7 billion of investments in private companies at the end of the second quarter. This one commitment could grow to nearly triple that.
What would a listing change?Anthropic itself has confirmed very little. The only filing on record is a confidential draft registration statement submitted in June.
However, the reported figures are staggering. CNBC has reported that Anthropic is valued at close to $1 trillion in the private markets, and that investors project it could float at about a $2 trillion valuation. The growth underneath, I think, explains the excitement. Anthropic's annualized revenue run rate (a full-year projection of its recent revenue pace) topped $30 billion in April and passed $65 billion by the end of July. The company has reportedly raised at least $130 billion, and its offering is expected to surpass the June IPO of SpaceX, which raised about $86 billion, the largest on record.
Every one of those figures is reported, not filed. And at the reported valuations, AMD's up-to-$5 billion would buy no more than about half of 1% of the company.
Still, a listing would give whatever stake AMD may eventually hold a daily price that flows straight into its reported results. The company ended the second quarter with $425 million of net unrealized gains on marketable equity securities, mostly from holdings that went public during the quarter.
AMD is helping finance a customerThe part I'd watch most closely isn't the stake at all. AMD has committed money to a company that agreed to deploy its chips. AMD's OpenAI arrangement runs in the opposite direction. That deal handed OpenAI a warrant for up to 160 million AMD shares, vesting as deployment and stock-price milestones are hit.
Showing what those deals feed, AMD's data center segment revenue more than doubled year over year to $6.7 billion in the second quarter, or 58% of record companywide revenue of $11.5 billion, up 50% year over year. Management guided third-quarter revenue to about $13 billion, up about 41%. That guided rate marks a deceleration, at a much larger scale.
When a customer AMD helps finance commits to up to 2 gigawatts of deployments, some of the dollars moving through the system could be AMD's own. In effect, a slice of the industry's demand could end up self-financed.
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That, I'd argue, is the strongest reason the IPO matters to AMD shareholders. An offering that surpasses SpaceX's could pay for a chunk of the buildout with public investors' money instead of suppliers' commitments. Even more, a public Anthropic would have to show, quarter after quarter, how much revenue it's actually producing.
In short, the two commitments aren't equal. The up-to-$5 billion investment is conditional, unpriced, and small next to Anthropic's reported valuations. The deployments are what can become revenue, and they aren't set to begin until 2027.
Meanwhile, AMD shares trade near $474 as of this writing (about 19% below their 52-week high), at about 30 times next year's expected earnings -- a price with a lot of chip demand already baked in. I think the Anthropic deal makes that demand more likely to show up on schedule. But what AMD holds from it today is still a promise.
QuantumScape má slibnou solid-state bateriovou technologii, ale komercializaci nečeká dříve než v roce 2029. Firma zatím nemá tržby a drží se jen díky hotovosti přes 800 milionů USD.
This is an exciting time for investors. Emerging technologies, such as artificial intelligence (AI) and electric vehicles (EVs), offer strong investment opportunities in innovative businesses.
One such company is QuantumScape (QS +0.55%). It sits at the intersection of AI and EVs, since its solid-state battery technology can provide power for both. The company recently announced the creation of business units dedicated to these two areas, and a third focused on other markets, including aerospace and defense.
After hitting a 52-week high of $19.07 in 2025, the stock fell to a low of $4.77 toward the end of July and has remained near that level. Is this a buy opportunity? Here's a closer look at QuantumScape and whether it's a worthwhile investment.
Image source: Getty Images.
QuantumScape's opportunities The energy density, power performance, and safety profile of QuantumScape's solid-state batteries caught the attention of Volkswagen, which has invested hundreds of millions of dollars in the battery maker over the past several years. Volkswagen isn't the only interested party.
QuantumScape announced a multiyear partnership with automotive giant Honda in June. Another major automaker showing confidence in the batteries affirms the strength of the technology. QuantumScape also alluded to working with other major automotive manufacturers, a further sign that its tech is catching on.
Artificial intelligence offers yet another avenue for the company's products. The data centers housing AI systems are increasingly adopting large-scale battery storage architectures pioneered by the electric vehicle industry. This is because AI computing infrastructure is growing in sophistication and size, necessitating so much electricity that EV batteries are now seen as a solution, opening the door for QuantumScape.
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QuantumScape's challenges Before it can capitalize on opportunities in the EV and AI markets, QuantumScape must get its solid-state batteries to a point where mass production is possible. Once it proves it can produce thousands of flawless battery cells quickly and cheaply, it can turn over the manufacturing to its automotive partners.
From there, the company can produce revenue by licensing its design and technology to partners. However, management admitted, "Demonstrating scalable production of a unique technology on a first-of-a-kind automated line is a substantial challenge."
Consequently, the company does not expect to achieve commercialization of its batteries until at least 2029. For now, QuantumScape produces no income and keeps its operations afloat by tapping into its cash stockpile.
The company ended the second quarter with over $800 million in cash, cash equivalents, and marketable securities on its balance sheet. Without revenue coming in, it strives to stretch its cash hoard to reach the 2029 commercialization milestone.
Whether the battery maker has enough funds is questionable. It projects 2026's full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss will be between $250 million and $275 million. Its 2025 adjusted EBITDA loss was $252.3 million. Cost-cutting efforts enabled it to reduce its 2026 full-year capital expenditure guidance to between $27 million and $37 million.
Given these numbers, QuantumScape is skating on thin ice. It would have to execute flawlessly to reach 2029 without requiring additional funding. As a result, investing in QuantumScape stock is only for those comfortable with high risk.
Personally, I would not invest. The company is demonstrating promising technology, but keeping its business afloat without a fresh infusion of cash looks like a challenge right now.
Intuitive Surgical ve 2. čtvrtletí 2026 umístila 468 systémů da Vinci, více než 395 ve 2. čtvrtletí 2025, ale akcie jsou asi 40 % pod nedávným maximem. Hlavním tahounem zůstávají servis a spotřební materiál, které tvoří zhruba 75 % tržeb.
Intuitive Surgical (ISRG -0.85%) is a volatile stock to own. Since its initial public offering, the stock has suffered eight drawdowns of 30% or more. Two of the drawdowns were over 70%. Right now, the stock is in the middle of a drawdown that has it off its recent highs by roughly 40%.
Historically, the stock has recovered from each drawdown and gone on to higher highs. That suggests that the current sell-off is a buying opportunity. However, there have been big changes in the surgical robotics space that investors have to consider, as well. Here's a look at whether or not Intuitive Surgical is worth buying today. (Hint: Selling new robots isn't the biggest piece of the story.)
Image source: Getty Images.
Intuitive Surgical: Growth isn't what it used to be Intuitive Surgical was a pioneer in the surgical robots space, with its da Vinci system being one of the first and most widely available options. Being early allowed the company to grow its business at a fairly rapid clip. The fact that robot-assisted surgery generally requires smaller incisions and leads to better outcomes was a big selling point. Early on, investors tracked the company's da Vinci sales very closely, and they still do.
The sale of new da Vinci robots is important. But the market has new entrants, including medical device giants like Medtronic (MDT +1.15%) and Johnson & Johnson (JNJ -1.15%). These are well-heeled competitors with strong industry connections. The playing field is much different now than it was two decades ago. Simply put, there's more competition. So it makes sense that Intuitive Surgical's business would slow down a bit.
It is still selling da Vinci systems, noting that it placed 468 in the second quarter of 2026, up from 395 in the second quarter of 2025. But Wall Street clearly wasn't pleased, given the sell-off in the shares.
ISRG data by YCharts
What's interesting is that the first number the company talks about isn't new da Vinci placements; it is the number of surgeries performed with da Vinci robots. The number of surgeries rose 16% year over year, even though the number of da Vinci systems being used globally increased by 12%. That difference is very important.
The flywheel is parts and services Intuitive Surgical breaks down its revenues across new robot sales, services, and instruments and accessories (basically, parts). New robot sales accounted for only around 24% of total sales in the second quarter of 2026. So 75% of the company's top line comes from maintaining the surgical robots it already has in place.
These are annuity-like income streams that will remain in place until those da Vinci systems are no longer being used. Given the cost of a surgical robot and the demand for robotic surgery, it is unlikely that a hospital will prematurely shut down a da Vinci robot just to switch to a competitor's surgical robot. So growth may slow down, but the core of the business remains strong.
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And then there's the opportunity from continued technological advances. Most notably, artificial intelligence (AI) is already being used to assist surgeons. It doesn't seem unrealistic to believe that AI could perform basic surgery on its own someday. That would greatly increase access to medical care globally. In other words, there are still opportunities for Intuitive Surgical to grow. Perhaps that growth won't be as rapid, but so long as it continues to sell new da Vinci systems, its annuity-like parts-and-services business will grow even more powerful.
Intuitive Surgical looks historically cheap Intuitive Surgical is best suited to more aggressive growth investors. So conservative types should probably avoid the historically volatile stock. But, if you can stomach big price swings, history suggests that large drawdowns are a buying opportunity. And, notably, the stock's price-to-sales, price-to-earnings, and price-to-book ratios are all below their five-year averages. So, too, is the price-to-forward earnings ratio, which accounts for Wall Street's growth expectations. Basically, the current drawdown has left this growth stock looking cheap again.
The service operates through its DFSA-regulated DIFC arm and complements the bank’s existing digital asset custody and stablecoin services.
Standard Chartered extended its deliverable Bitcoin (BTC) and Ether (ETH) spot trading to institutional clients in the United Arab Emirates on September 3, becoming the first Global Systemically Important Bank (G-SIB) to offer the service in the country.
The offering runs through Standard Chartered DIFC, the bank’s arm in the Dubai International Financial Center (DIFC), which said it is the only global bank currently providing institutional digital asset spot trading in the region.
Built on the UK Launch The launch adds trade execution to a custody service the bank already runs in the UAE. The trades are deliverable, so clients take possession of the underlying Bitcoin and Ether at settlement, and they can settle through a custodian of their choice, including Standard Chartered’s own digital asset custody solution that went live in September 2024.
Trades run through the bank’s electronic channels and sit inside its existing platforms, letting clients access the two assets through the same FX interfaces they already use. Standard Chartered DIFC is regulated by the Dubai Financial Services Authority (DFSA).
“The UAE has developed a clear digital assets regulatory framework that supports institutional participation and innovation,” said Rola Abu Manneh, Chief Executive Officer for the UAE, Middle East and Pakistan at Standard Chartered. She said pairing execution with custody, governance, and the bank’s global connectivity gives clients a more integrated way to participate in digital asset markets.
Standard Chartered first introduced institutional Bitcoin and Ether spot trading through its UK branch in July 2025, the first G-SIB to offer deliverable spot crypto trading to institutional clients.
“DIFC provides an established platform for international financial institutions to deploy global capabilities across markets,” said Christopher Parsons, Senior Executive Officer at Standard Chartered DIFC. He said the arrangement combines the bank’s global markets network with a regulated base for serving clients across the region.
You may also like: Bitcoin Holders Just Cashed Out 110,000 BTC in Profits: Is a Bigger Price Drop Coming? Ripple CTO Emeritus: BIP-110 Vote Loss Doesn’t Justify New Chain Bitcoin, Ethereum, Tron, and Cardano Tell Four Very Different Stories Through Active Addresses A Wider UAE Digital Asset Push The trading service sits inside a broader digital asset strategy that spans custody, trading and tokenization through Standard Chartered’s Corporate and Investment Bank, with its ventures ecosystem reaching into Zodia Markets and Libeara.
The bank already lets institutional clients mint and redeem USDC directly through its DIFC platform, a service it built with Circle. SC Ventures, its innovation arm, has backed a $100 million digital asset joint venture in the UAE with Japan’s SBI Holdings that targets market infrastructure, compliance tools, DeFi and tokenization.
Agentické transakce na XRP Ledgeru přesáhly 3 992 146 a dosáhly nového rekordu. AI agenti je používají k platbám za služby přímo on-chain v XRP a RLUSD.
Agent-driven transactions on the XRP Ledger (XRPL) have reached a new record, with over 3,992,146 transactions now processed through the x402 facilitator. This marks a significant milestone as AI-powered agents continue to use the ledger to pay for services directly onchain using XRP and RLUSD.
Rapid growth in agentic transaction volumeData shows that the number of agentic transactions has surged rapidly since the beginning of September 2026. According to t54, a provider of trust and facilitation tools on the XRPL, transaction volume climbed from 3.1 million to nearly 4 million in just four days—an increase of approximately 890,000.
AI agents rely on the XRP Ledger to conduct payments for various digital services, including token analytics, market intelligence, and research. Transactions are settled autonomously in either XRP or RLUSD, Ripple‘s onchain US dollar-backed asset.
More than 3.99 million agentic transactions have settled on the XRPL to date, highlighting accelerating demand for onchain machine-to-machine commerce and infrastructure.
DateAgentic Transactions (Cumulative)September 1, 20263.1 millionSeptember 5, 20263.99 millionRipple has actively supported this trend with the launch of the XRPL AI Starter Kit in June 2026. This collection of developer tools introduced new ways for AI agents to make payments using the x402 protocol, allowing seamless, trust-minimized transfers in XRP and RLUSD for APIs and digital services.
XRP Ledger agentic payments gain Mastercard supportThe x402 facilitator, provided by Ripple partner t54, acts as a trust layer and mediator, enabling verification of agent payments and risk checks before settlement. Through this setup, agent payments on the XRP Ledger now support Mastercard’s Verifiable Intent standard, which provides proof of payment authorization, amount limits, and purchase details, with automated screening prior to finalization.
Mastercard, a global payments technology company, has included the t54 x402 facilitator in its Start Path program for Agentic Commerce & Services. This initiative connects fintech innovators with large-scale payment networks to foster secure, transparent agent-driven transactions.
Using t54’s platform, merchants and payment providers can transact with AI agents in real time, benefiting from identity verification, automated risk assessment, and built-in dispute resolution. The integration supports a growing trend of machine-to-machine financial activity on blockchain networks.
Mini dictionary: x402 Facilitator – A protocol and infrastructure provider on the XRP Ledger that enables AI agents to authorize, execute, and confirm payments for services using onchain digital assets like XRP and RLUSD, with integrated trust, payment verification, and risk management tools.
The integration of Mastercard’s Verifiable Intent standard with the x402 facilitator is expected to improve trust and transparency in machine-agent transactions by providing clear records of payment authorization and automated risk checks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
National Sheriffs’ Association změnila postoj ke CLARITY Act z odporu na neutralitu. Tím odpadla jedna z hlavních překážek pro návrh, který má vyjasnit regulaci digitálních aktiv včetně XRP.
The National Sheriffs’ Association (NSA), a leading law enforcement body representing thousands of US sheriffs, has altered its stance on the high-profile CLARITY Act, moving from opposition to a neutral position. This unexpected shift was confirmed in a letter dated September 3 sent to Senate Majority Leader John Thune and Minority Leader Chuck Schumer.
NSA changes position on crypto regulationThe letter, signed by Sheriff Troy Wellman of Moody County, South Dakota and NSA Executive Director Justin Smith, signals a withdrawal from the NSA’s previous position against the bill. The NSA framed this move as a response to the bill’s complexity and the many details still being debated in Congress.
“We are changing our position on the CLARITY Act to neutral,” the authors wrote, emphasizing the desire to step back and allow lawmakers to negotiate the specifics. The NSA had been one of the most prominent law enforcement groups actively opposing the legislation, which aims to clarify the regulatory status of digital assets such as XRP.
With the NSA’s shift to neutral, a significant obstacle for the CLARITY Act in Congress is now gone, and the path forward is less encumbered by law enforcement resistance.
Crypto commentator Ash Crypto called attention to the development, highlighting the powerful impact of this policy change for crypto regulation prospects.
Mini dictionary: National Sheriffs’ Association (NSA) — An organization representing the interests of elected sheriffs and law enforcement professionals across the United States. The NSA plays a significant advocacy role in policy discussions impacting public safety and law enforcement operations.
Calendar constraints threaten progressDespite the NSA’s change of heart, the CLARITY Act still faces significant timing challenges. The first procedural vote in the Senate is scheduled for September 15. Meanwhile, the House’s Republican leadership canceled the final two September sessions, and members will leave Washington by September 17, with no return planned until mid-November.
This narrow two-day window between the Senate vote and the House’s departure could stall the bill’s progress if any Senate amendments require House approval. If consideration is delayed until after the elections, the legislation could enter a period of even greater political uncertainty.
EventDateChamberSenate procedural voteSeptember 15SenateHouse departureSeptember 17House of RepresentativesReturn from recessMid-NovemberHouse of RepresentativesSenator Cynthia Lummis has warned that failure to complete the process now could delay meaningful crypto regulation until 2030. The compressed legislative timetable makes procedural hurdles acute for backers of the CLARITY Act.
Institutional support and political momentumWith the NSA stepping back, the bill’s supporters continue to point to strong institutional backing from prominent financial firms including BlackRock, Goldman Sachs, and Fidelity. President Donald Trump has also recently urged movement on the bill, boosting its momentum.
While the NSA’s new position does not guarantee passage, it gives supporters a fresh argument for undecided lawmakers. With one vocal opponent now neutral, advocates hope to persuade remaining holdouts, especially among Democrats, to act before the deadline.
Even as the House’s absence clouds the bill’s future, the diminished opposition from law enforcement could increase the urgency for action before September 17.
If Congress does not finalize the process within the existing window, any further delays into the post-election period are expected to complicate the situation and add additional uncertainty for crypto market participants.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
RedSonic Vault byl při jednom útoku pomocí flash loan vyprázdněn o 9,25 ETH. Útočník zneužil chybu v registraci aktiv a bez vlastního kapitálu si z Balanceru půjčil 1 139 WETH.
TLDR: RedSonic Vault lost 9.25 ETH after an attacker exploited a dual-asset pricing flaw entirely. A permissionless registerErc20 function let the attacker add a second, conflicting stETH share class. The attacker flash-loaned 1,139 WETH from Balancer and needed zero starting capital of their own. ExVulSec traced the full exploit, including the Curve swap and the final loan repayment step. A flash loan attacker drained 9.25 ETH from Ethereum’s RedSonic Vault in a single transaction. Blockchain security firm ExVulSec identified the exploit and published a full technical breakdown.
The attacker manipulated a permissionless asset-registration function to double count the same underlying collateral. On-chain records show the entire operation executed inside one self-contained transaction.
How the RedSonic Vault Exploit Unfolded The attacker flash-loaned 1,139 WETH from Balancer to fund the entire operation. No upfront capital of their own was required.
RedSonic’s vault prices its rsvETH shares through a function called getTotalAssetBalance. For the Lido position, that function reads the vault’s raw stETH balance directly.
That design choice became the exploit’s foundation. Share prices tied directly to a raw balance can shift if that balance changes unexpectedly. No corresponding shares need to be minted or burned.
The vault’s registerErc20 function carried no access restrictions, according to ExVulSec. Anyone could register a brand new asset class inside the vault.
The attacker registered stETH as a second asset, creating a class called rsvstETH. Both share types then drew from the exact same underlying stETH balance.
The exploit contract self-destructed once execution finished. Security researchers note that self-destructing contracts often complicate later on-chain tracing efforts.
Flash loans let borrowers access large sums without posting collateral, provided the loan gets repaid within the same transaction. Attackers commonly use this mechanism to fund exploits that would otherwise demand substantial capital.
🚨 ALERT — Exploit on Ethereum @reddio_com RedSonic Vault was drained for ~9.25 ETH. A no-capital attacker flash-loaned 1,139 WETH from Balancer, inflated the vault's share price, and cashed out. The exploit ran inside a self-destructing contract's constructor.
Root cause:
the…
— ExVul (@exvulsec) September 5, 2026
RedSonic Vault Exploit Exposes a Dual-Asset Flaw The attacker deposited 1,130 ETH first, acquiring close to 99% of all outstanding rsvETH shares. That position set up the rest of the exploit.
Next, the attacker deposited 9.34 stETH directly into the vault. That single deposit inflated the stETH balance without minting any new rsvETH shares.
Because rsvETH pricing reads the raw stETH balance, the extra deposit pushed the share price higher artificially. The attacker’s existing rsvETH holdings gained value instantly as a result, without any new rsvETH being issued.
The attacker then redeemed rsvETH for 1,139.5 ETH, according to ExVulSec’s transaction analysis. That single redemption produced the full 9.25 ETH profit.
The same attacker also redeemed the rsvstETH shares for stETH separately. The identical underlying collateral effectively paid out twice from one shared, pooled vault balance.
ExVulSec reported that the recovered stETH was swapped for ETH on Curve. The attacker repaid the Balancer flash loan within that same transaction.
Etherscan data lists the attacker’s wallet as 0x70f2333d21Ed7E7D105F6578227A9A747687982C. The RedSonic Vault contract itself sits at 0x4315990d9eeaffdfafd49958b4851f203fa1126f.
The attack transaction carries the hash 0xe3cba90e865c6cba950ebce36a52607f51f1fd33cd9fb920c78803f19b57791a. It remains publicly viewable on Etherscan for anyone verifying the exploit’s details.
Chainalysis přidal podporu HyperEVM na Hyperliquidu, takže zákazníci mohou sledovat aktivitu a provádět kontrolu souladu s předpisy napříč sítí. Pokrytí se automaticky rozšiřuje i na nové tokeny ERC-20 a ERC-721.
Chainalysis has added support for HyperEVM, the Ethereum-compatible smart contract environment on the Hyperliquid Layer 1, the blockchain analytics firm announced on September 3, 2026. The integration brings Chainalysis’s compliance and investigation tooling to Hyperliquid’s growing onchain ecosystem, letting customers monitor activity across the network’s native token and the applications deployed on top of it. The announcement is the latest chain-coverage expansion from the analytics firm, which routinely adds automatic token support for emerging networks.
Automatic Coverage for ERC-20 and ERC-721 Tokens Support extends well beyond the native HYPE token. Chainalysis said it will automatically add coverage for new fungible and non-fungible tokens deployed on HyperEVM that follow major standards such as ERC-20 and ERC-721. Because fresh tokens are minted on the network daily, the firm’s platform now ingests them without manual intervention, closing the gap between a token’s launch and its availability for screening. Customers can run Know Your Transaction (KYT) checks with actionable alerts and continuous monitoring, and the same coverage is wired into Chainalysis’s entity screening products and Reactor, its flagship investigations tool. That lets analysts track fund flows across HyperEVM tokens, investigate transactions, visualize money movements, and identify potentially illicit activity.
Where HyperEVM Fits in Hyperliquid HyperEVM is Hyperliquid’s Ethereum-compatible execution environment. It lets developers port Ethereum-based applications onto the Layer 1 while still connecting to HyperCore and the wider Hyperliquid ecosystem, effectively extending the chain beyond its high-throughput perpetuals venue. For a compliance provider, that compatibility carries practical weight: the token standards and smart-contract patterns investigators already know from Ethereum now apply to Hyperliquid’s chain, so fund-flow tracking and transaction investigation work through familiar interfaces rather than bespoke tooling.
Compliance Infrastructure Catches Up to a Busy Network The move arrives as Hyperliquid draws attention from developers and enforcement alike. Arkham recently reported that the Lazarus Group sold more than $30 million in bitcoin on Hyperliquid, underscoring why monitoring tools for the network matter. Separately, the Hyperliquid Policy Center has asked the CFTC to allow energy perpetual contracts in the U.S., a sign that the platform’s regulatory footprint is expanding as quickly as its trading activity. By extending coverage now, Chainalysis positions its customers to screen an ecosystem that is still adding tokens and use cases by the day.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Senátorka Cynthia Lummisová říká, že CLARITY Act by při bankrotu burzy chránil klientská aktiva a zajistil, že by měla přednost před věřiteli. Návrh by navíc zakázal smísení klientských a firemních prostředků.
Customers of failed crypto exchanges often face substantial losses, finding themselves at the end of lengthy bankruptcy proceedings with little chance of recovering their digital assets. Senator Cynthia Lummis, a leading advocate for the CLARITY Act, has stated that her proposed legislation would address this ongoing issue.
The bankruptcy risk for crypto customersSenator Lummis emphasized that the risks are not merely hypothetical. In the event of an exchange bankruptcy, customers are typically required to line up behind lawyers and institutional creditors, who have higher priority. As a result, users may only reclaim a small portion of their holdings, if anything at all.
Senator Cynthia Lummis pointed out that, “When a crypto exchange goes bankrupt today, customers are forced to get in line behind lawyers and creditors with low priority in hopes of maybe recouping a fraction of their assets. The CLARITY Act ensures consumers’ assets are protected just like they would be with traditional institutions.”
Senator Lummis serves as a member of the U.S. Senate Banking Committee and has long advocated for regulatory clarity in the crypto sector.
Major collapses highlight urgent needSeveral high-profile crypto exchange failures, most notably the collapse of FTX in November 2022, have underscored this problem. Customers of FTX reportedly lost billions of dollars, as bankruptcy courts classified client funds as part of the exchange’s estate. This treatment left individual users competing with large institutional creditors over the remaining assets.
Similar situations occurred at other platforms such as Celsius, Voyager, and BlockFi, revealing that crypto users lack the legal protections afforded to traditional investors. Under current securities law, assets held by customers at licensed brokers are separated from company property, ensuring investors are prioritized during insolvency. No such mechanism currently exists for digital assets.
How the CLARITY Act would change the rulesThe proposed CLARITY Act aims to categorize digital commodities as customer property within the U.S. Bankruptcy Code, granting crypto customers rights comparable to those of holders of stocks or commodities. The bill would require exchanges and brokers to hold client assets at specialized custodians, entirely separate from their operating funds. Any commingling of client and company assets, the kind that contributed to the FTX collapse, would be prohibited.
Key portions of the legislation link digital commodities to existing bankruptcy protections applicable to other kinds of commodity contracts. The goal is to move customers to the front of the line in any bankruptcy distribution.
Mini dictionary: CLARITY Act – Proposed United States legislation designed to create clear rules for the treatment of customer digital asset holdings during crypto exchange bankruptcies, prioritizing customer recovery above other creditors.
Bankruptcy ScenarioTraditional SecuritiesCrypto Assets (Current)Crypto Assets (With CLARITY Act)Customer Fund PriorityFirstLastFirstAsset Segregation RequirementMandatoryNot requiredMandatoryCustodian StandardsRegulated Broker-DealersVaries by platformQualified digital custodiansLegislative outlook and next stepsSenator Lummis has championed the CLARITY Act for several years. She has stated that if the bill does not pass during the current congressional session, regulatory progress on digital assets could be delayed until at least 2030. The Senate is set to hold a crucial cloture vote on September 15, marking a key juncture for the bill’s advancement.
The Senator has warned that failure to enact the CLARITY Act could postpone comprehensive crypto safeguards for years, highlighting the urgency for legislative action.
Should the legislation clear the Senate, delays in the House of Representatives remain possible, although Republican leadership is reportedly pushing to deliver the bill to the President soon.
Implications for XRP and digital asset holdersXRP holders and the broader crypto community are closely following the bill’s progress, as the CLARITY Act would offer the first federal legal framework ensuring digital asset owners cannot be subordinated behind creditors in insolvency cases. If enacted, the legislation would fundamentally strengthen legal protections for crypto customers in the United States.
With the Senate vote on the horizon, the outcome is expected to set a precedent for future exchange bankruptcies and potentially reshape recovery processes for digital asset holders.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Tokenizované zlato znovu táhne kryptotrh, přičemž XAUT roste na DEX, v lendingu i na futures trzích. Na Hyperliquid se otevřený zájem vrátil téměř k 750 milionům USD.
TLD: Tokenized gold regained crypto-market attention as XAUT activity expanded across decentralized exchanges, lending platforms, and leveraged futures markets. XAUT and PAXG remain leading gold-backed assets on decentralized exchanges, while Uniswap liquidity and collateral integrations widened trading access. Hyperliquid gold open interest returned near $750 million, with whale positioning leaning long as traders reacted to inflation and geopolitical uncertainty. Antalpha-linked wallets accumulated large XAUT positions, while holder growth and rising activity across Ethereum, BNB Chain, and Monad broadened adoption. Tokenized gold has returned to the center of crypto trading after a strong August revival. Traders are using blockchain-based gold for hedging, collateral, and leveraged speculation across decentralized markets. Tether Gold, known as XAUT, remains the largest focus of this renewed activity. CoinGecko shows XAUT trading near $4,430 after gold pulled back from recent highs.
Trading volumes also remain elevated compared with earlier periods this year. PAXG continues to attract decentralized liquidity alongside it. The shift reflects growing demand for assets linked to inflation protection. Crypto traders also seek new opportunities beyond Bitcoin and altcoins during uncertain global markets.
Gold XAUT Price Tokenized Gold Demand Builds Across DEX and Lending Markets XAUT has led the latest expansion in tokenized gold activity across decentralized finance. Tether increased supply during recent months as demand strengthened among traders and larger wallets.
Market activity accelerated in August, when trading volumes moved close to their 2026 highs. The token also became more useful inside lending platforms and collateral markets.
About $2.39 million in XAUT liquidity was trading through Uniswap V3 during the reported period. That activity helped deepen decentralized access beyond centralized exchanges.
XAUT and PAXG now rank among the most actively traded gold-backed assets on decentralized exchanges. Their liquidity gives crypto traders direct exposure without leaving blockchain markets.
Lighter also added XAUT as collateral, connecting gold exposure with perpetual futures trading. That integration widened the token’s role beyond simple spot ownership.
Holder activity expanded as well. RWA.xyz data showed XAUT reaching 84,756 wallets, representing growth above 16% over 30 days.
More than $4.6 billion in value moved on-chain globally during August. Active addresses topped 53,000 as demand spread across several networks.
Ethereum still hosts most of the token supply. However, BNB Chain and Monad gained more supply recently, suggesting broader use across newer decentralized applications.
Tokenized Gold Gains Momentum in Perpetual Futures Trading Gold also returned as a major perpetual futures market on Hyperliquid through HIP-3. Open interest climbed back toward $750 million, while daily trading reached about $299 million.
Source: Dune Analytics Large traders were mostly positioned on the long side. The biggest tracked long carried more than $273,000 in unrealized gains.
Short sellers faced heavier pressure. The largest reported short position showed unrealized losses near $2.2 million on September 4.
The renewed interest followed stronger demand for defensive assets during inflation concerns and geopolitical uncertainty. Gold also benefited from traders seeking alternatives to semiconductor-linked positions.
Tokenized gold gives those traders a familiar macro asset with crypto-native settlement. It also allows faster movement between collateral, spot trading, and leveraged markets.
A large wallet linked with high probability to Antalpha also attracted attention. The wallet accumulated repeated 1,000 unit tranches while gold traded closer to $4,000.
By September 4, that wallet held about 16,120 XAUT, worth more than $71 million. The wallet showed inflows without visible cash-out activity.
Another Antalpha-linked wallet held more than 33,000 units alongside other assets. Some related wallets actively traded gold and transferred funds toward Bitfinex.
Part of those holdings also moved into custody through Cobo.com. The activity suggests professional investors are using several routes for storage and execution.
The accumulation stands out because repeated purchases appeared during gold’s earlier climb. Those positions gained value as prices advanced through August.
XAUT remains the main tokenized gold asset driving crypto-market interest. Its expanding collateral role, DEX liquidity, and whale ownership are creating more trading paths.
The market is also becoming less dependent on centralized exchanges as decentralized liquidity improves across major chains. That shift may help tokenized gold compete more directly with stablecoins and other real-world assets used as trading collateral.
Tokenizované akcie mají hodnotu 2,91 miliardy USD a v posledních 30 dnech vzrostly o 14,4 %. Spor se nyní vede o to, který ze tří modelů se stane standardem.
Uniswap founder Hayden Adams compared Robinhood's and Ondo's stock tokens to early stablecoins on Friday, hours after Dinari co-founder Gabriel Otte called the same instruments "indisputably worse for the end investors than even common stocks." Three models are competing for $2.91 billion of tokenized equities, and the SEC has already sorted them into separate legal boxes.
The public fight between AMC Entertainment Chief Executive Adam Aron and Robinhood over tokenized AMC shares spilled on Friday into a dispute among the companies that build the instruments, over which of three incompatible designs should become the standard.
The models differ in what the holder actually owns. Robinhood's stock tokens are debt securities issued by an unregulated Jersey entity, sold only to non-US persons, that pay economic exposure and confer no claim on the referenced company. Ondo, xStocks and Dinari hold the underlying shares through regulated intermediaries and pass the economics through, with Dinari the only one of the three selling to US investors. Securitize and Superstate put a company's own registered shares onchain, with the issuer and its transfer agent inside the transaction. The SEC's Division of Corporation Finance mapped the three categories in a statement on Jan. 28, and the model determines which securities laws apply and what a holder can claim in a bankruptcy.
Tokenized stocks hold $2.91 billion, up 14.4% in 30 days across 2.67 million holders, rwa.xyz data shows. Ondo leads with $869.6 million, followed by bStocks at $659.4 million, xStocks at $633.7 million, Securitize at $274.1 million, Bitget at $170.5 million, Robinhood at $133.2 million, Figure at $84.7 million, Superstate at $46.4 million and Dinari at $11.2 million.
Robinhood's book is a sixth the size of Ondo's and its trading business is the largest of the group. Robinhood Chain turned over $1.56 billion of DEX volume in 24 hours, more than double the level a week earlier, according to DefiLlama, and passed Solana in tokenized stock volume in late July on the strength of memecoin pairs.
Snake Juice And StablecoinsGabriel Otte, co-founder of Dinari, which sells 1:1 custodial tokenized stocks to US investors through an SEC-registered broker-dealer, opened the argument at 12:18 p.m. ET Friday under Robinhood Chief Executive Vlad Tenev's defense of the product, "We stand behind Stock Tokens."
"Many took shortcuts to make 'tokenized stocks' that are synthetic and indisputably worse for the end investor than stocks," Otte wrote. "It's time for the industry to follow @DinariGlobal's lead and adopt the custodial model that protects investor rights."
Six minutes later he named both companies and set aside the securities-law question Aron had raised. "To be clear, it's not about legality, it's just that synthetic tokens like @RobinhoodApp stock tokens and @Ondo are just indisputably worse for the end investors than even common stocks," he wrote.
Hayden Adams, the founder of Uniswap, whose AMM is the largest DEX on Robinhood Chain and the venue where the memecoin pools have been pricing the stock tokens, answered at 6:08 p.m. ET. "They're not worse if you want programmability, or to trade at night/weekend/holidays, live outside the US, don't have a bank account, want to use them in DeFi apps/hold them in a crypto wallets," he wrote. "End of the day, tokenized stocks are pretty similar to early stablecoins - are they exactly the same as dollars? No. But they are meeting a user demand in a way that nothing else is."
Otte replied that the same demand could be met "without it being synthetic and being an inferior product with price dislocation."
Dinari amplified the version of the objection put by Anna Wroblewska, its chief business officer, the same morning: "The main problem here isn't tokenization. It's the marketing of a discretionary debt instrument, which functions essentially as an onchain CFD, as an investment in the US stock market."
Carlos Domingo, chief executive of Securitize, took Aron's side on Thursday night. "I would also not want people creating offshore derivatives of our stock that trade all over the place," he wrote. "This is why we tokenized our own stock natively and in the US, in a fully compliant way."
Linked Securities At The SECThe Corp Fin statement gives each model a different legal shape. Issuer-sponsored tokens are the security itself, with the issuer or its agent keeping the master securityholder file onchain. Third-party custodial tokens represent "the holder's indirect interest in the underlying security via the security entitlement." The third category, which the staff calls linked securities, covers a token "issued by the third party itself that provides synthetic exposure to a referenced security, but it is not an obligation of the issuer of the referenced security and confers no rights or benefits from the issuer of the referenced security."
Robinhood's own developer documentation describes stock tokens as "tokenised debt securities issued by Robinhood Assets (Jersey) Limited" that grant no "legal or beneficial rights in, or against the issuer of, those underlying securities." Dividends run through an onchain multiplier rather than a payment. Only one firm, BBVI, can create or redeem them.
Dinari's dShares are held with FINRA-member broker-dealer Alpaca Securities in segregated custodial accounts, pay cash dividends in stablecoins and can be burned for redemption at market value. Ondo and Broadridge added proxy voting to more than 250 Ondo tokenized stocks and ETFs in April, through Ondo Global Markets, which is not available in the US.
The staff also flagged the counterparty question the AMC episode raised: holders "may be exposed to risks with respect to the third party, such as bankruptcy, to which a holder of the underlying security would not necessarily be exposed."
Issuers In The RoomSecuritize runs five regulated affiliates: a broker-dealer that operates an SEC-regulated alternative trading system, an SEC-registered transfer agent, an exempt reporting adviser, a fund administrator and an EU investment firm authorized under the DLT Pilot Regime, according to the company. That stack is what lets it act as the record-keeper for a tokenized security rather than a counterparty to it, and it is how BlackRock's BUIDL and funds from Apollo, Hamilton Lane, KKR and VanEck came onchain. Securitize says it has tokenized more than $4 billion of assets.
The company took its own shares public on the NYSE as SECZ on July 2 after merging with Cantor Equity Partners II, and tokenized them on day one. SECZ is the largest single tokenized equity tracked by rwa.xyz.
Superstate runs the same idea for companies that are already listed. Its Opening Bell program appoints Superstate as a company's digital transfer agent and issues the company's registered shares directly onto Ethereum and Solana. "Tokenized shares are not derivatives, wrappers, or new share classes," the product page states; the tokens are recorded in the investor's name and carry the same economic and governance rights as the shares on the exchange.
Galaxy Digital and Forward Industries have shares onchain through it, and Forward Industries accounts for nearly all of Superstate's $46.4 million on rwa.xyz. Founder and Chief Executive Robert Leshner, who also founded Compound, called SharpLink the first public company to tokenize its shares on Ethereum through the program in September 2025.
Best Execution Versus SlippageBrian Huang, co-founder of onchain portfolio manager Glider and a former XTX Markets equities trader, argued on The Defiant's livestream Friday that the venue matters more than the wrapper. "AMMs do not guarantee best execution for consumers," he said. "In the US, we have protections around what's called the national best bid offer or best execution rules, where whether you're trading on Robinhood, Coinbase or any of the major apps or brokers in the US, you are guaranteed to get best execution. Now, that is not true via AMMs."
Huang called the rights objections false. "You do get the voting rights through particular issuers," he said. "Ondo has worked on this with Broadridge." He said Ondo's request-for-quote design, in which a market maker sources the share off-chain and the token is minted against it, is the structure the market will converge on, and that the dislocations end when 24/7 creation and redemption exists on both sides. "You will not see these dislocations a year from now."
He made the same case at RWA Summit on Wednesday, calling the arguments from Dinari, Securitize and the NYSE "propaganda." The Defiant reported his exchange with Adams over AMMs and correlated pairs on Aug. 18.
Programmable Demand, No SupplyBinji Pande, a founding member of Ethereum R&D lab Ethlabs, argued on the same stream that the blowouts are a supply problem rather than a design flaw. "We kind of figured out how to program demand before we figured out how to program supply, and you kind of need both," he said. He did not defend the price gaps, calling a six-dollar tokenized AMC print "bad market structure" and saying it was not good "for any market."
Pande's framing after tokenized AMC and Hims & Hers broke against their reference prices over the Aug. 29 weekend was that issuers have lost control over how their assets are used, the same way publishers lost control over how information traveled. A memecoin called BONER had by then cornered about half the tokenized Hims & Hers float. On Wednesday he predicted the pattern spreads to penny stocks.
Huang's objection to the memecoin pairings is mechanical. "When you put in a meme coin with the stock, they're not really correlated assets. You're exposing people to a lot of impermanent loss in those situations."
Transfer Agents Want A LineThe firms that keep shareholder records have asked the SEC to draw the distinction in rules. Continental Stock Transfer & Trust told the agency's crypto task force on July 21 that third-party tokens "do not establish a legal relationship between the token holder and the issuer" and can "confuse investors, impair issuer governance, create disclosure and market-integrity risks, and bypass the shareholder-record and corporate-action infrastructure." It asked the SEC to exclude them from regulatory relief absent safeguards. Computershare asked a week later for neutral treatment across all book-entry forms instead.
Ariel Givner, a corporate and intellectual property lawyer in fintech and the founder of Givner Law, posted the investor-side version of the argument on Friday morning, drawing 109,000 views. "You bought economic exposure from an offshore affiliate that slapped someone else's ticker on a derivative," she wrote. "That is NOT tokenization."
AMC has filed nothing with the SEC on the dispute. Robinhood's chief legal officer Dan Gallagher, an SEC commissioner from 2011 to 2015, told Aron to "send your lawyers and we'll educate them," as The Defiant reported on Friday.
ONDO traded at $0.3689, up 5.1% over 24 hours and 5.2% over seven days, according to CoinGecko.
Figures via rwa.xyz, DefiLlama and CoinGecko on Sept. 5.
Uniswap v4 už eviduje přes 90 000 unikátních hooků napojených alespoň na jeden nasazený pool. Oproti zhruba 22 600 na začátku roku jde o zhruba čtyřnásobný růst.
Uniswap’s v4 architecture has now seen more than 90,000 unique hooks initialized and attached to at least one deployed pool. That number, tracked via on-chain data dashboards including Dune Analytics, represents a roughly fourfold increase from the approximately 22,600 hooks recorded earlier this year.
For a feature that didn’t exist before January 2025, that’s a steep adoption curve.
What hooks actually do Think of hooks as plug-ins for liquidity pools. In Uniswap v4, developers can write custom smart contract logic that executes at specific points in a pool’s lifecycle: before a swap, after a swap, when liquidity is added, when it’s removed, and so on.
Before v4, if you wanted a pool to behave differently, say with dynamic fees that adjust based on volatility, you essentially needed to fork the protocol or build on top of it. Hooks let developers modify pool behavior without touching the core protocol code.
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The system is also designed for gas efficiency. Hook addresses encode permission details directly in their bits, meaning the protocol can check what a hook is allowed to do without expensive storage lookups.
Uniswap v4 introduced a singleton PoolManager architecture alongside the hooks system. Instead of deploying a separate smart contract for every new pool (as in v3), all pools now live inside a single contract. This reduces deployment costs and makes it cheaper for hooks to interact with multiple pools simultaneously.
From 22K to 90K in months The growth trajectory is notable. Early in 2026, on-chain dashboards recorded roughly 22,609 unique hook addresses that had been initialized. By mid-January 2026, that figure had climbed to approximately 89,955.
To be precise about what’s being counted: these are unique hook addresses, not total pools or total deployments. A single hook contract can theoretically be linked to multiple pools. So the 90K figure represents 90,000 distinct pieces of custom logic that developers have written, deployed, and connected to at least one live pool.
Community-maintained Dune dashboards, supported by both Uniswap Labs and independent contributors, have made this data publicly accessible.
Notable hooks in the wild Not all hooks are created equal, and a few stand out. DualPool, developed in partnership with Spark, is an audited and open-sourced hook designed to generate yield on idle liquidity sitting in pools. The core insight is straightforward: most liquidity in a concentrated liquidity pool isn’t being actively used at any given moment. DualPool routes that dormant capital into yield-generating strategies until it’s needed for swaps.
Other hooks have targeted dynamic fee structures, where swap fees adjust automatically based on market conditions like volatility or trading volume. Some developers have built hooks focused on MEV-related attributes, attempting to either capture or redistribute the value that searchers and block builders typically extract from on-chain trades.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana za posledních 30 dní přilákala do RWA čisté toky ve výši 348 milionů USD a vedla mezi hlavními sítěmi. Její hodnota RWA přesáhla 4 miliardy USD a dosáhla 4,23 miliardy USD.
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According to the RWA Foundation X account, Solana led RWA flows, pulling in $348 million in the last 30 days.
"Solana is leading the pack. It topped net flows for RWAs over the past 30 days, pulling in $348 million to the chain," the RWA Foundation X account wrote.
As seen on the rwa.xyz page, Solana led the 30-day change among major networks on the RWA League table (distributed), referring to RWA tokens using the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians. Solana recorded a 30-day increase of 11.13%, while Ethereum and Stellar rose by 0.77% and 5.22%, respectively. XRP Ledger and Avalanche declined by 5.51% and 14.06%, respectively.
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As reported, Solana's RWA value has crossed $4 billion, currently at $4.23 billion. RWA holders increased by 17.63% in the last 30 days to 398,644.
One of the defining industry trends over the past year has been the growth of RWAs, with Solana sustaining its momentum. The Solana blockchain hosts tokenized Treasury products, including Circle's USYC tokenized money market fund, BlackRock's BUIDL, VanEck's VBILL, and Franklin Templeton's BENJI.
Ondo Finance runs two Treasury-linked products on Solana: USDY is a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, and OUSG provides exposure to short-term U.S. government bonds and is backed significantly by BlackRock's BUIDL fund.
Solana eyes most ambitious upgradeSolana is eyeing what could be its most ambitious core upgrade to date—one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.
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Dubbed Alpenglow, the upgrade proposes replacing Proof of History—Solana's well-known unique "pre-recorded clock" system—and Tower BFT, its existing voting mechanism for reaching consensus.
In late August, Solana saw its first network-wide governance vote—a proposal to speed up cuts to new SOL issuance that scraped past the required two-thirds majority in the final minutes before the deadline.
Solana překročila v ekosystému RWA hranici 18,5 miliardy USD. Stablecoiny tvoří 16,4 miliardy USD a Solana získala 97 % objemu obchodování tokenizovaných akcií v 1. pololetí 2026.
Solana has been building something quietly significant. The network’s combined real-world asset footprint, counting stablecoins, tokenized funds, equities, and commodities, has crossed $18.5 billion, according to data tracked by RWA.xyz and research from Galaxy Digital and the Solana Foundation. The stablecoin layer alone reached $16.4 billion in May 2026, making it the largest single component of the ecosystem. Non-stablecoin RWAs hit an all-time high of $2.8 billion that same month, a figure that climbed toward $4.23 billion by September 2026.
The lineup of issuers looks less like crypto and more like a financial services conference Circle’s USDC and Tether’s USDT remain the dominant stablecoin players on the network. Early 2026 brought Western Union’s USDPT and SoFi’s SoFiUSD to Solana. On the non-stablecoin side, BlackRock, Ondo, and Securitize have all launched tokenized products on the network. The holder base now numbers somewhere between 230,000 and 398,000 unique participants across Solana’s RWA ecosystem, depending on the asset class and tracking methodology.
Ninety-seven percent is a number that deserves its own paragraph Solana captured 97% of all on-chain tokenized equities trading volume in the first half of 2026. The network processes transactions quickly and cheaply, which matters when the use case is high-frequency settlement of financial instruments. For an institution moving large volumes of tokenized assets across a trading day, the difference between $0.001 per transaction and $5 per transaction is the difference between a viable product and an uneconomical one. Traditional financial infrastructure often settles trades on a T+2 basis. On-chain settlement on Solana happens in seconds.
What this ecosystem actually means for the network’s identity One important caveat worth noting: a significant portion of the RWA value currently sitting on Solana remains in reserve positions rather than actively circulating through DeFi applications. The $18.5 billion figure represents assets tokenized and held on-chain, not necessarily assets being lent, borrowed, or used as collateral in decentralized protocols. Regulatory frameworks for tokenized securities remain uneven across jurisdictions, and institutional compliance requirements don’t always map cleanly onto permissionless DeFi protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BulkTrade, one of the more quietly hyped projects in Solana’s DeFi ecosystem, has officially gone live on mainnet. The perpetual futures exchange launched on September 5, bringing with it execution latency between 5 and 20 milliseconds, a figure that puts it in striking distance of the centralized exchanges it’s trying to replace.
The platform isn’t rolling out the red carpet for everyone, though. Access is gated behind referral codes and invites.
The numbers behind the launch BulkTrade didn’t arrive empty-handed. A pre-deposit campaign that kicked off on June 1, 2026, pulled in over $25.9 million in USDC TVL within just 10 days.
The financial foundation goes deeper than pre-deposits. BulkTrade closed an $8 million seed round back in September 2025, co-led by Robot Ventures and 6th Man Ventures. Wintermute Ventures also participated, which is notable given Wintermute’s role as one of the largest market makers in crypto.
On the tokenomics side, the BULK token hasn’t launched yet, but the allocation framework is already public. Thirty percent of the total supply is reserved for community distribution through airdrops, with eligibility tied to pre-deposit activity and trading behavior.
The platform also introduced what it calls BIP-1 on July 28, a framework that enables permissionless, deployer-owned perpetual markets.
Why speed matters in perps trading BulkTrade is betting it can deliver both speed and self-custody. The platform targets sub-40 millisecond finality while keeping user assets in self-custody on Solana. All perpetuals are settled in USDC, which simplifies the margin and settlement process compared to platforms that support multiple collateral types.
The exchange underwent a security audit by Zellic, a firm that has reviewed smart contracts for several major DeFi protocols.
Solana’s perps landscape gets more crowded BulkTrade enters a Solana perps market that already includes established players like Jupiter’s perps product and other on-chain derivatives protocols.
BulkTrade’s 30% airdrop allocation rewards early depositors and active traders. The dynamic margin functionality the platform offers adjusts margin requirements in real time, potentially improving capital efficiency for sophisticated traders, in contrast to traditional perps platforms that use static margin requirements.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana za posledních 30 dní přilákala čistý příliv kapitálu do RWA ve výši 348 milionů USD a hodnota RWA na síti vzrostla na 4,23 miliardy USD. Ethereum ale dál dominuje celému trhu s RWA.
Over the past thirty days, Solana has captured $348 million in net flows towards tokenized real-world assets. The blockchain thus outperforms other networks during this period, according to data provided by the RWA Foundation. This momentum raises the value of RWAs distributed on Solana to $4.23 billion. However, it is not enough to dethrone Ethereum across the entire market.
In Brief Solana dominates recent RWA flows, capturing $348 million in thirty days. The value of RWAs on Solana reaches $4.23 billion, driven by increased holders and transfers. U.S. Treasury bonds and tokenized stocks are among the main drivers of this growth. Solana gains ground without dethroning Ethereum, which maintains a clear lead on total RWA value. Solana Accelerates on All RWA-Related Indicators The communicated $348 million corresponds to capital inflows over one month. This amount does not represent either the trading volume or the total value of tokenized assets on Solana. It measures the difference between capital entering and leaving this ecosystem during the observed period.
The RWA Foundation stated :
Solana leads the race. The network tops net RWA flows over the last thirty days, with $348 million directed to the blockchain.
Several indicators help measure the scale of this evolution :
$348 million in net flows were recorded over thirty days ; The distributed value of RWAs reaches $4.23 billion, up 11.79% ; The number of wallet holders amounts to 398,644, an increase of 17.63% ; The transfer volume over thirty days reaches $3.72 billion, up 8.38%. Statistics updated on September 5 reveal that growth is not solely based on asset revaluation. Indeed, transactions and the number of wallets are also increasing, indicating broad usage of the products available on the blockchain.
However, one wallet does not necessarily equate to a distinct investor. The same individual or institution may control multiple addresses. This indicator thus measures the on-chain token distribution without precisely calculating the number of real users.
U.S. Treasury Bonds and Tokenized Stocks Support Growth RWAs are financial or physical assets represented as tokens on a blockchain. On Solana, this category mainly includes U.S. Treasury bonds, money market funds, private credit, and tokenized stocks.
U.S. public securities amounted to nearly $1.2 billion on the blockchain as of August 23, according to Solana Compass. Their value had thus increased by 16.1% in one month. Products such as Ondo’s USDY or BlackRock’s BUIDL fund also contribute to this expansion.
Tokenized stocks represent another important driver. Products like xStocks enable trading on Solana of digital representations of U.S. stocks and ETFs. They can also be traded on Raydium, Jupiter, and Kamino Finance.
Solana’s decentralized exchange platforms processed $5.8 billion in tokenized stocks in the second quarter of 2026. The blockchain reportedly accounted for 95 to 97% of the global volume on this segment through decentralized exchanges.
This trend is also visible over a longer period. The value of RWAs available on Solana was nearly $1.4 billion in January. With $4.23 billion at the beginning of September, it has nearly tripled in eight months.
Solana Dominates Recent Flows, but Not Yet the Total Market The $348 million represents nearly 8% of the current value of RWAs distributed on Solana. Such a proportion attests to the importance of recent inflows, even though valuation fluctuations and new issuances can also increase the total.
Solana is not yet the leading network in the sector. Ethereum held nearly $17.2 billion in RWAs at the end of August, more than four times the amount on Solana. The announced lead exclusively concerns flows over the last thirty days.
This distinction remains essential. A blockchain can temporarily capture more capital without holding the highest asset stock. The continuity of the trend will now depend on maintaining flows, expanding the number of holders, and the effective use of assets in transactions, credit, or payments.
Ultimately, the next phase will be to verify if Solana keeps this first place over several months. A simultaneous evolution of assets under management and transfer volumes would further reinforce the scenario of sustainable adoption.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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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.
THORChain po dlouhém výpadku znovu provedl churn a průměrná doba tvorby bloku se zlepšila asi o 300 milisekund. POL zároveň běží, přičemž 20 % systémových výnosů míří do TRON $USDT poolu.
THORSday Community Podcast #231 ft. codehans1, Devel484, CBarraford, KentonC137 & patriotsounds | September 3, 2026 | Watch the full episode on YouTube
By Raynalytics
TL;DRTHORChain completed a long-awaited churn, but the stability focus continues for another week before reassessment. Monero remains built and working on stagenet, with its mainnet launch still waiting. A Gaia pause interrupted the next churn during the show.Protocol-owned liquidity is active, with 20% of system income being routed toward POL. Denny showed almost $22,000 on day three, with deposits going into the TRON $USDT pool.Rujira's app layer has resumed with two contracts still disabled. Hans wants emergency halts followed by prompt contact with the affected team and a clear route to resolution.Devel argues base-layer limit orders could improve quotes and execution for all swappers. Chad and Hans question the complexity and priority; Rujira's oracle-based DCL offers another approach to keeping trading value inside the ecosystem.Chad is building better metrics and log access for AI-assisted maintenance. Kenton reported stronger AI discovery, while ADR30's delegated node permissions still needed more votes.1. Churn Returns, but Stability Still Sets the PaceTHORChain finally churned again, bringing relief after the extended disruption. Devel said the change in the active node set immediately improved average block times by about 300 milliseconds as troubled nodes left and healthy ones entered.
That progress does not end the stability-first period discussed last week. Chad's Thursday engineering call favored another week of focused fixes, followed by reassessment. Outstanding Solana issues were one reason to continue.
"I'm hesitant to say that we've completed our stability without achieving stability." (Chad)For Monero followers, the message was explicit: the integration is built, functioning and working on stagenet. The team has not abandoned it. Monero and Zcash remain behind the decision to resume adding chains, with no new launch date given.
During the show, a Gaia pause complicated the next churn. Chad said a security concern was being investigated; details were still emerging. It illustrated a dependency he wants to revisit: adding a chain currently requires a churn. As more chains and signing schemes make that process more complex, he wants to remove avoidable dependencies on it. That is a proposed direction, not a completed redesign.
2. POL Starts Building Pool Depth Every BlockProtocol-owned liquidity, or POL, supplied the week's other concrete milestone. The setting was 20% of system income, and Denny showed almost $22,000 accumulated on day three. Allocations happen every block; the current destination was the TRON $USDT pool.
The discussion described pool selection as being recalculated each churn cycle, directing new liquidity toward an eligible pool based on its activity. The purpose is to build depth that stays under protocol ownership. Raynalytics' POL Income dashboard tracks the allocations, deposits and pool priorities.
"Its only interest is to just supply more liquidity and more depth to the pools." (Chad)Denny explored whether this made THORChain resemble an ETF or an index fund. Chad drew a boundary around that analogy: holding $RUNE does not give someone a direct redeemable share of the POL portfolio. The intended benefit is indirect, through deeper pools, more useful trading capacity and the fees that activity can generate.
Kenton floated a possible future distribution to $TCY holders if POL became sufficiently large. Chad treated that as an option, not a commitment. Treasury rebalancing was also raised, including Oleg's suggested $500,000 move toward TRON stablecoin liquidity. No allocation decision was announced.
3. Rujira Resumes With Two Contracts Still PausedThere is a material update to Saturday's discussion of the app-layer pause: Rujira is running again. Hans said the bond contract and its trading pair remained disabled while the team double-checked the relevant query paths.
He said the non-determinism issue had been fixed in v3.20, with further checks intended to establish that nothing remained. The broader lesson concerns separation: complex financial logic can sit on the app layer, but the base-layer queries it calls must still behave deterministically and contract execution must be bounded.
Hans accepted that emergency controls need to be usable immediately. His proposed follow-through was to pull the lever when necessary, contact the relevant team, and establish a clear path to resolution.
"We weren't really sure what the correct process to get things reenabled was." (Hans)The group also discussed malicious use of pause powers. Chad described counter-votes and possible governance action against offending nodes; these were responses to a hypothetical attack, not an announced automatic penalty.
Hans explained one safeguard in Rujira's credit-account design: collateral can still be sent to a position's address when app-layer execution is paused, including supported secured assets. That can help protect a position during market moves, but it does not restore every action. App-layer-only positions cannot necessarily be sold while their contracts are halted.
4. BLO's Promise Meets the Cost of More ComplexityDevel's base-layer limit-order proposal, or BLO, produced the episode's longest debate. The disagreement centered on whether the execution benefits justify adding another trading mechanism alongside THORChain's AMM pools.
Chad evaluates a feature by implementation effort, risk and expected return. BLO would add code, maintenance obligations and operational questions about how two liquidity mechanisms interact. He remains open to it, but gives it a lower priority while stability work continues. Hans shared those concerns, drawing on years of building on-chain order books and the pitfalls of rounding, iteration limits and execution time.
Devel's case is that the initial users may be a small group of arbitrageurs, while the beneficiaries are everyone whose swaps reach the base layer.
"It improves the quote, it improves the result, it improves the speeds, it reduces refunding." (Devel)He said existing limit swaps have details that make them unattractive for arbitrageurs. BLO is designed around that workflow, with the aim of winning more quotes for ordinary users. Devel and the Maya Protocol team would likely provide much of the implementation, although core review and testing would still be necessary.
Oleg Petrov from SwapKit supplied a concrete example through chat: a user wanted a fast $20 million swap involving shallow pools. BLO could let market makers post liquidity and serve it in smaller chunks. Chad challenged the assumption that enough capital would be waiting there. Devel agreed that makers would need time to reallocate funds. The example shows the opportunity and the unresolved liquidity problem; it is not a claim that BLO already solves large swaps.
Hans also explained Dynamic Concentrated Liquidity, or DCL, which Rujira is developing. Instead of quoting only along a fixed curve, it uses the strategy's average entry price and THORChain's enshrined oracle price to adjust bids and asks. Its aim is to retain more trading profit and liquidity within the ecosystem.
Devel questioned whether external arbitrageurs would capture opportunities before the oracle-driven strategy reacts. Hans welcomed the resulting price competition. Neither DCL's profitability nor BLO's adoption was presented as proven. The designs could also interact: Hans said the app layer could use base-layer order functionality if it becomes available.
5. AI Maintenance Needs Better VisibilityHans and Chad agreed that agents can already use open blockchain interfaces. An agent can generate keys and broadcast transactions; a special agent-branded chain is not a prerequisite. A convenient cross-chain command-line wallet could help, but Hans noted that agents can also work with multiple existing tools.
Chad's immediate work is more operational. He wants protocol metrics pushed into Midgard, where statistical analysis can flag unusual values. An agent could then connect those anomalies to code and logs, investigate causes and potentially open a proposed fix.
The second piece is a THORNode API for querying logs over a block range. Together, these would give developers and agents more context without requiring every investigator to run a node. Devel said he already uses a restricted MCP server to give an agent log access, and had built monitoring that notified him when a churn succeeded.
There are limits. Data from one node may not explain why another node has a different app hash. Bifrost logs also remain a separate operator-controlled source. Chad discussed possible private, opt-in sharing later, while stressing that sensitive log contents require care. Broader visibility is work underway, not a deployed autonomous maintenance system.
6. Better AI Discovery, but a Weak August Fee-Test SampleKenton showed the swap site's score on Ora, reporting an improvement from 18/100 two months earlier to 89/100. He credited SEO work and the Unstoppable Wallet developers, and said he and Randy were now seeing daily API-key requests, including projects finding THORChain through AI search. Some requests were spam or individual inquiries, so this is evidence of visibility, not a count of signed integrations.
He is also replacing older “liquidity protocol” descriptions with “decentralized exchange” where possible, so search systems associate THORChain with a term people actually use.
"We have to stop inventing words that nobody uses." (Kenton)Distribution work continues through DeFi Llama: the first paid article has launched, with roughly monthly articles planned over the next year. Blockworks also announced its dashboard. Referral tracking links were still being finished.
On execution, Kenton reported fixes for THORChain Swap, including $USDT allowance handling and THORName address entry. He asked users to retest Bitcoin Taproot flows, including a reported Ledger issue, rather than treating every route as independently verified.
The dynamic-fee experiment had a less encouraging month. Chad reported roughly $187,000 of ShapeShift volume for THORChain in August, about 6.1% of the total. He considered the sample too small for a strong conclusion and wants to add higher-volume affiliates after the stability period, with Edge Wallet mentioned as a possibility. Better discovery and better routing economics still need to turn into sustained flow.
7. ADR30 and the Next Wave of Node OperatorsADR30 remained around 37% support during the recording. The Liquify proposal would let a node owner delegate selected tasks to other addresses without handing over the key controlling the bond. A team could separate routine operation from custody, making the setup more practical for professional infrastructure providers. The vote was still open; follow it on the governance tracker.
The standby queue was another sign of activity. Denny highlighted Runetard for helping bond providers become independent node operators and encouraged other multi-node operators to consider doing the same.
The group was cautious about accelerating churn merely to clear the backlog. Chad and Devel preferred gradual changes while reliability improves. Devel also highlighted the rule that the lowest-bonded node no longer has to leave unless the active set is at capacity, allowing smaller operators to remain when they perform well.
What to WatchNext Thursday's stability review: whether remaining issues are resolved enough to resume new-chain launches, including Monero and Zcash.POL deployment: how much income accumulates, where deposits land and how pool priorities change across churn cycles.Rujira's remaining pauses: completion of the contract checks and clearer communication around future emergency halts.BLO and DCL evidence: implementation review, testing, execution benefits and how much liquidity each design can attract.AI maintenance tooling: delivery of metrics and log access, with clear boundaries around operator-specific data.Conversion into flow: whether AI discovery, paid distribution and a broader dynamic-fee sample produce sustained activity.ADR30 and node growth: further votes, successful churns and independent operators entering the active set.More THORChain data, check out raynalytics.net
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JPMorgan zůstává na AUD/USD býčí, ale chce počkat na pokles k 0,7080–0,7000, než znovu přidá dlouhé pozice. Kurz se drží nad úrovní, kde chce banka nakupovat.
Currency analysts remain bullish on the AUD/USD exchange rate but wants a retreat to 0.7080-0.7000 before rebuilding long positions. The Australian Dollar is trading above the level where JPMorgan wants to buy it.
Latest — Exchange Rates:
Australian Dollar to Dollar (AUD/USD): 0.720395 (+0.04%)
Pound to Australian Dollar (GBP/AUD): 1.876283 (-0.13%)
Euro to Australian Dollar (EUR/AUD): 1.612118 (-0.17%)
AUD/USD closed near 0.7204 on Friday after reaching 0.7214, leaving the pair roughly 1.7% above the desk’s first preferred entry and 2.8% above the bottom of its buying zone.
JPMorgan is not abandoning its constructive view.
The desk simply considers the current level unattractive for adding exposure.
“We have been bullish on AUD for well-trodden reasons, but with the pair generally struggling at these levels, we have been waiting for a pullback towards 0.7080/00 before topping up on longs.”
The preferred strategy is to rebuild long positions around 0.7080, with 0.7000 representing the deeper end of the zone.
That makes this a pullback call rather than a forecast that AUD/USD must fall permanently.
The distinction matters after the stronger US payroll report.
A firm Dollar response to US data could provide the retreat JPMorgan was waiting for without necessarily invalidating the bank’s broader Australian Dollar view.
Before the release, the desk had already shown reluctance to chase the pair near 0.72.
“NFPs are today, although with Waller drawing attention to next week’s CPI, I am a little less inclined to chase a surprise print today.”
The payroll surprise has shifted attention towards US inflation and the durability of Federal Reserve tightening expectations.
If those expectations strengthen, AUD/USD could be forced back towards JPMorgan’s entry levels.
Image: Australian dollar vs US Dollar chart for last 48 hours of the week. The 48-hour chart nevertheless shows that the Australian Dollar absorbed the payroll release relatively well.
AUD/USD briefly dropped below 0.7190 but recovered to close around 0.7204, near the upper end of its 0.7159-0.7214 range.
Why JPMorgan still likes the Australian Dollar The bank’s constructive stance has been supported by Australian rate expectations, resilient demand for commodity currencies and investor flows.
“AUDUSD moved above 0.72 for a second time this week while NZDUSD got a look above 0.59, although both have been trickling lower since London sat down.”
JPMorgan also reported real-money demand for the currency.
“Flow-wise, RM were large buyers of oz and, to a lesser extent, NZD yesterday, whereas systematics were LHS in AUD.”
The risk for prospective buyers is that 0.7080 never trades, leaving the bullish view without an entry.
The opposite risk is that a break below 0.7000 reflects more than a routine Dollar correction.
Between those outcomes, JPMorgan’s message is clear: stay constructive, but make the market come to the preferred price.
AXQ Capital LP ve 2. čtvrtletí zvýšil svůj podíl v PepsiCo o 270,1 % na 21 752 akcií v hodnotě 2,945 milionu USD. Institucionální investoři nyní drží 73,07 % akcií.
AXQ Capital LP increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 270.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,752 shares of the company’s stock after acquiring an additional 15,874 shares during the period. AXQ Capital LP’s holdings in PepsiCo were worth $2,945,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of PepsiCo during the first quarter worth approximately $251,000. Sivia Capital Partners LLC raised its stake in shares of PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock worth $70,789,000 after acquiring an additional 167,707 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of research firms recently weighed in on PEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Piper Sandler set a $176.00 target price on PepsiCo in a report on Thursday, July 9th. Bank of America lowered their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Jefferies Financial Group reduced their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, UBS Group set a $159.00 price objective on shares of PepsiCo in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $157.90.
Check Out Our Latest Stock Report on PEP Insider Activity In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the transaction, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.
Trending Headlines about PepsiCo Here are the key news stories impacting PepsiCo this week:
Positive Sentiment: PepsiCo plans to build a Frito-Lay distribution warehouse near California’s Sonoma County airport. The facility could expand regional distribution capacity and support future sales growth. PepsiCo plans Frito-Lay distribution warehouse near Sonoma County airport Positive Sentiment: Publicis Groupe won PepsiCo’s global media account from Omnicom. The change may help PepsiCo modernize marketing, improve digital capabilities and respond more effectively to changing consumer preferences. PepsiCo hands global media to Publicis amid transformation at CPG giant Positive Sentiment: Analysts and financial commentators see potential for a longer-term recovery, citing international momentum, a large buyback program and a portfolio overhaul. The thesis is more relevant to future valuation than to near-term earnings. Prediction: Pepsi Stock Could Surprise Wall Street in 2027 Neutral Sentiment: PepsiCo’s dividend remains a major attraction for income investors, although reaching $25,000 in annual dividends would require a substantial investment and many shares. How many shares of PepsiCo are needed for $25,000 in yearly dividends Neutral Sentiment: Recent coverage compares PepsiCo with Coca-Cola as defensive consumer-staples investments. The comparison highlights PEP’s dividend history and business resilience but does not provide a clear new catalyst. PepsiCo versus Coca-Cola Negative Sentiment: Reports point to damage at a Ukrainian production facility and softer North American demand, raising concerns about near-term sales, costs and execution. PepsiCo faces Ukraine damage and soft demand Negative Sentiment: PepsiCo is emphasizing fresh-food innovation as consumers move away from processed snacks, signaling a need for investment and potential portfolio-transition risk. The global media-account switch may also create near-term execution costs. PepsiCo puts fresh foods in focus PepsiCo Trading Down 1.7% NASDAQ:PEP opened at $137.63 on Friday. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The stock has a market capitalization of $187.85 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.35. The business’s 50-day simple moving average is $139.70 and its 200-day simple moving average is $148.55.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio is currently 77.59%.
About PepsiCo (Free Report)
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
Featured Articles Five stocks we like better than PepsiCo Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
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Bank of Nova Scotia ve 2. čtvrtletí získala novou pozici v Caterpillar za zhruba 313,5 milionu USD a drží 294 412 akcií. Caterpillar zároveň oznámil čtvrtletní EPS 8,17 USD a tržby 20,54 miliardy USD, obojí nad odhady.
Bank of Nova Scotia bought a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 294,412 shares of the industrial products company’s stock, valued at approximately $313,522,000. Bank of Nova Scotia owned approximately 0.06% of Caterpillar as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Lam Group Inc. bought a new position in Caterpillar during the first quarter valued at approximately $26,000. Frazier Financial Advisors LLC increased its position in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 33 shares during the period. Decker Retirement Planning Inc. raised its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Caterpillar during the 4th quarter valued at approximately $32,000. Finally, Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth CAT has been the subject of a number of recent analyst reports. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Rothschild & Co Redburn increased their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada boosted their price objective on Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $995.52.
View Our Latest Stock Report on Caterpillar Caterpillar Stock Performance CAT stock opened at $813.51 on Friday. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company has a 50-day simple moving average of $872.52 and a 200 day simple moving average of $838.46. The company has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the business earned $4.72 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.
Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. The ex-dividend date was Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio is 28.06%.
Insider Activity In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Key Stories Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Caterpillar Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Barbara Oil Co. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the industrial products company’s stock, valued at approximately $13,311,000. Caterpillar comprises about 4.5% of Barbara Oil Co.’s investment portfolio, making the stock its 3rd biggest holding.
Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Diversify Advisory Services LLC purchased a new position in shares of Caterpillar during the second quarter valued at approximately $5,372,000. Axxcess Wealth Management LLC grew its holdings in Caterpillar by 2.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after buying an additional 604 shares in the last quarter. DSG Capital Advisors LLC bought a new position in shares of Caterpillar during the 1st quarter valued at approximately $1,226,000. Cornerstone Planning LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth approximately $4,517,000. Finally, RiverFront Investment Group LLC lifted its holdings in Caterpillar by 21.1% during the 4th quarter. RiverFront Investment Group LLC now owns 8,915 shares of the industrial products company’s stock valued at $5,107,000 after buying an additional 1,552 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Caterpillar Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analyst Ratings Changes CAT has been the subject of a number of recent analyst reports. Rothschild & Co Redburn raised their price objective on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. DA Davidson upped their price objective on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Citigroup increased their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $995.52. Check Out Our Latest Research Report on CAT
Insider Buying and Selling In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.
Caterpillar Stock Performance NYSE CAT opened at $813.51 on Friday. The business’s 50-day moving average price is $872.52 and its 200 day moving average price is $838.46. Caterpillar Inc. has a 52-week low of $416.44 and a 52-week high of $1,073.46. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.72 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.
Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Leigh Baldwin & CO. LLC ve 2. čtvrtletí nově koupila 1 187 akcií Caterpillar za zhruba 1,264 milionu USD. CEO Joseph E. Creed prodal 32 401 akcií za 26,211,760.98 USD.
Leigh Baldwin & CO. LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,187 shares of the industrial products company’s stock, valued at approximately $1,264,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Osmosis Investment Management UK Ltd purchased a new stake in shares of Caterpillar during the second quarter valued at $3,100,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Caterpillar during the 2nd quarter valued at about $11,756,000. Seros Financial LLC bought a new stake in shares of Caterpillar in the second quarter worth approximately $214,000. Covington Investment Advisors Inc. purchased a new position in shares of Caterpillar during the second quarter valued at approximately $16,096,000. Finally, Barbara Oil Co. bought a new position in Caterpillar during the second quarter valued at approximately $13,311,000. Institutional investors own 70.98% of the company’s stock.
Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.
Caterpillar Stock Performance CAT opened at $813.51 on Friday. The stock has a market capitalization of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60. Caterpillar Inc. has a fifty-two week low of $416.44 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The company has a fifty day moving average of $872.52 and a 200 day moving average of $838.46. Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business posted $4.72 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.
Caterpillar Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is currently 28.06%.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analysts Set New Price Targets A number of research firms have commented on CAT. Truist Financial set a $980.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. DA Davidson raised their price target on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Finally, Citigroup increased their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $995.52.
Check Out Our Latest Stock Report on Caterpillar
Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
Featured Articles Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Clear Harbor Asset Management ve 2. čtvrtletí otevřela novou pozici v Caterpillar za zhruba 39,88 milionu USD. Nakoupila 37 448 akcií a CAT tvoří 2,5 % jejího portfolia.
Clear Harbor Asset Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,448 shares of the industrial products company’s stock, valued at approximately $39,878,000. Caterpillar comprises 2.5% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 8th largest holding.
A number of other large investors have also added to or reduced their stakes in the business. Decker Retirement Planning Inc. increased its position in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co lifted its holdings in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Caterpillar in the second quarter worth $36,000. Lam Group Inc. acquired a new stake in Caterpillar in the first quarter valued at $26,000. Finally, Tacita Capital Inc acquired a new stake in Caterpillar in the second quarter valued at $47,000. Institutional investors own 70.98% of the company’s stock.
Caterpillar Stock Performance NYSE:CAT opened at $813.51 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $416.44 and a twelve month high of $1,073.46. The company has a fifty day moving average of $872.52 and a 200-day moving average of $838.46. The firm has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.72 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.34 EPS for the current year. Caterpillar Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s payout ratio is currently 28.06%.
Insider Activity In other news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.
Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Analyst Upgrades and Downgrades Several research analysts have commented on CAT shares. Wells Fargo & Company lifted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a report on Tuesday, June 23rd. Oppenheimer restated an “outperform” rating and set a $1,118.00 price objective on shares of Caterpillar in a research report on Tuesday, August 4th. Citigroup lifted their price objective on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Truist Financial set a $980.00 target price on Caterpillar in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $995.52.
Read Our Latest Stock Analysis on CAT
Caterpillar Company Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
Read More Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Jericho Financial LLP ve 2. čtvrtletí koupila nový podíl ve společnosti Caterpillar za zhruba 10,275 mil. USD. Firma tak drží 9 649 akcií a Caterpillar je její druhá největší pozice.
Jericho Financial LLP purchased a new stake in Caterpillar Inc. (NYSE:CAT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,649 shares of the industrial products company’s stock, valued at approximately $10,275,000. Caterpillar makes up approximately 5.3% of Jericho Financial LLP’s investment portfolio, making the stock its 2nd biggest holding.
Several other hedge funds also recently made changes to their positions in the company. Lam Group Inc. purchased a new position in Caterpillar during the 1st quarter worth approximately $26,000. Frazier Financial Advisors LLC increased its stake in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 33 shares during the period. Decker Retirement Planning Inc. lifted its holdings in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Caterpillar in the fourth quarter valued at $32,000. Finally, Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Analyst Ratings Changes CAT has been the subject of a number of research analyst reports. Weiss Ratings upgraded Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. DA Davidson upped their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Barclays increased their price target on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Evercore restated an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and an average target price of $995.52.
Read Our Latest Stock Analysis on Caterpillar Insider Transactions at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.
Caterpillar Stock Up 1.7% Shares of NYSE CAT opened at $813.51 on Friday. The firm has a market cap of $373.95 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. Caterpillar Inc. has a 1 year low of $416.44 and a 1 year high of $1,073.46. The firm’s 50 day moving average price is $872.52 and its 200 day moving average price is $838.46.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $4.72 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.34 earnings per share for the current year.
Caterpillar Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a $1.63 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is 28.06%.
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? About Caterpillar (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
Further Reading Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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Capital Square LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,460 shares of the industrial products company’s stock, valued at approximately $1,391,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Caterpillar in the second quarter valued at about $40,457,153,000. Diamant Asset Management Inc. boosted its stake in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar in the 2nd quarter worth approximately $3,192,710,000. Ascentis Wealth Management LLC increased its stake in Caterpillar by 110,539.0% in the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company’s stock valued at $2,711,772,000 after purchasing an additional 2,515,867 shares in the last quarter. Finally, Capital International Investors acquired a new position in Caterpillar during the fourth quarter worth $1,225,317,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Analyst Ratings Changes Several analysts have weighed in on CAT shares. Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. UBS Group boosted their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Citigroup raised their target price on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, DA Davidson upped their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $995.52.
Read Our Latest Stock Analysis on Caterpillar Caterpillar News Roundup Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Caterpillar Stock Up 1.7% Shares of NYSE:CAT opened at $813.51 on Friday. Caterpillar Inc. has a 12-month low of $416.44 and a 12-month high of $1,073.46. The stock’s 50-day moving average price is $872.52 and its two-hundred day moving average price is $838.46. The firm has a market cap of $373.95 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.39 and a beta of 1.60. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.72 earnings per share. On average, research analysts forecast that Caterpillar Inc. will post 27.34 EPS for the current year.
Caterpillar Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s dividend payout ratio is presently 28.06%.
Insider Buying and Selling at Caterpillar In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.
About Caterpillar (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
See Also Five stocks we like better than Caterpillar Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
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Haverford Trust Co. ve 2. čtvrtletí koupila nový podíl v Caterpillar za zhruba 5,103 mil. USD, když nabyla 4 792 akcií. Institucionální investoři nyní drží 70,98 % akcií.
Haverford Trust Co purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,792 shares of the industrial products company’s stock, valued at approximately $5,103,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacific Point Advisors LLC purchased a new stake in Caterpillar during the fourth quarter valued at approximately $579,000. Brighton Jones LLC increased its stake in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 2,519 shares in the last quarter. United Bank raised its holdings in Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after acquiring an additional 2,125 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock valued at $3,551,000 after acquiring an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after acquiring an additional 34,846 shares in the last quarter. 70.98% of the stock is owned by institutional investors.
Caterpillar Price Performance Shares of CAT stock opened at $813.51 on Friday. The company’s 50-day simple moving average is $872.52 and its two-hundred day simple moving average is $838.46. The company has a market capitalization of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.39 and a beta of 1.60. Caterpillar Inc. has a one year low of $416.44 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.
Caterpillar (NYSE:CAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the company posted $4.72 EPS. Caterpillar’s revenue was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.34 EPS for the current year. Caterpillar Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar’s payout ratio is currently 28.06%.
Wall Street Analyst Weigh In Several research firms have weighed in on CAT. Truist Financial set a $980.00 price target on Caterpillar in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Oppenheimer restated an “outperform” rating and set a $1,118.00 target price on shares of Caterpillar in a research report on Tuesday, August 4th. Evercore reiterated an “outperform” rating and issued a $1,103.00 price target on shares of Caterpillar in a report on Monday, May 11th. Finally, Barclays boosted their price target on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $995.52.
Check Out Our Latest Stock Analysis on Caterpillar
More Caterpillar News Here are the key news stories impacting Caterpillar this week:
Positive Sentiment: FieldAI partnership supports the automation outlook. Caterpillar is combining its construction-equipment expertise with FieldAI’s physical-AI technology to develop autonomous capabilities for machines and improve safety, productivity and visibility at jobsites. The initiative could create longer-term revenue opportunities in equipment, software and services. Caterpillar partners with FieldAI for equipment automation Positive Sentiment: Analyst and quantitative sentiment has improved. Zacks upgraded CAT to Rank #1, or “Strong Buy,” citing rising optimism about earnings prospects. Erste Group Bank also raised its fiscal 2026 EPS forecast, adding to the constructive outlook. Caterpillar upgraded to Strong Buy Positive Sentiment: AI infrastructure is boosting Power & Energy demand. Caterpillar’s retail sales to power-generation users reportedly surged 72% year over year in the second quarter, as data centers and generative-AI infrastructure increase demand for reliable power. This gives CAT an additional growth driver beyond traditional construction and mining markets. Can CAT Stock Compound Its Way Higher? Neutral Sentiment: Recent earnings performance remains a strength, but expectations are elevated. Caterpillar’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue up 23.7% year over year. A sector review described CAT as the strongest heavy-machinery performer, though investors are increasingly pricing in continued execution. Negative Sentiment: Valuation and performance concerns could limit upside. Commentary notes that CAT has outperformed peers in the stock market more than in underlying business performance, leaving the shares dependent on future growth. The stock has also declined since its latest earnings report, while a report tied the recent weakness to insider selling. CAT Has Left Its Peers Behind. Or Has It? Insider Transactions at Caterpillar In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.
Caterpillar Profile (Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
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Jones Financial Companies LLP ve 2. čtvrtletí nově nakoupila 10 049 akcií Costco za zhruba 9,4 milionu USD. Institucionální investoři drží 68,48 % akcií firmy.
Jones Financial Companies Lllp acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,049 shares of the retailer’s stock, valued at approximately $9,401,000.
A number of other hedge funds have also recently made changes to their positions in COST. World Investment Advisors lifted its position in shares of Costco Wholesale by 8.4% in the fourth quarter. World Investment Advisors now owns 20,081 shares of the retailer’s stock worth $15,835,000 after buying an additional 1,560 shares in the last quarter. Sarasin & Partners LLP raised its holdings in shares of Costco Wholesale by 6.9% during the 2nd quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock worth $200,372,000 after acquiring an additional 13,795 shares in the last quarter. Perryman Financial Advisory Inc. AD bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $9,300,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $5,813,000. Finally, Hyperion Asset Management Ltd grew its holdings in shares of Costco Wholesale by 9.0% in the second quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer’s stock valued at $64,325,000 after purchasing an additional 5,656 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.
Costco Wholesale Stock Performance Shares of Costco Wholesale stock opened at $915.74 on Friday. The stock’s fifty day moving average is $943.58 and its two-hundred day moving average is $977.75. The company has a market capitalization of $406.11 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 3.84 and a beta of 0.86. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50.
Costco Wholesale Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, July 24th. Costco Wholesale’s payout ratio is currently 29.58%. Wall Street Analysts Forecast Growth Several equities analysts have commented on COST shares. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Roth Capital boosted their target price on shares of Costco Wholesale from $769.00 to $781.00 and gave the stock a “sell” rating in a report on Friday, May 29th. The Goldman Sachs Group upped their target price on shares of Costco Wholesale from $1,088.00 to $1,159.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Mizuho set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,056.90.
Check Out Our Latest Stock Analysis on Costco Wholesale
Key Headlines Impacting Costco Wholesale Here are the key news stories impacting Costco Wholesale this week:
Positive Sentiment: Strong August sales: Net sales increased 9.9% year over year, with comparable sales rising across regions and digitally enabled sales advancing 17.9%. The figures point to resilient member demand and continued e-commerce momentum. Costco’s August Sales Rise 9.9% as Digital Growth Stays Strong Positive Sentiment: Analyst support remains broad: BTIG reiterated a Buy rating with a $1,125 target, while Bank of America maintained its Buy rating and $1,200 target. Analysts cited resilient core performance, market-share gains, and higher earnings estimates. BTIG Reaffirms Buy on Costco Positive Sentiment: Long-term shareholder appeal: Commentary highlighted Costco’s consistent dividend growth since 2004, membership model, customer loyalty, and potential for continued earnings expansion. Neutral Sentiment: Store expansion: Costco is reportedly considering a new location in Thompson’s Station, Tennessee, supporting its long-term warehouse growth strategy, although the potential site has no immediate earnings impact. Neutral Sentiment: Mixed analyst valuation signals: DA Davidson reaffirmed a Neutral rating with a $1,000 target, while Bernstein retained a Buy rating but lowered its target to $1,144, indicating less room for upside despite confidence in the business. Negative Sentiment: Valuation concerns: Jim Cramer and other commentators argued that COST trades at roughly 43–49 times earnings, leaving the stock vulnerable if growth slows or results merely meet expectations. Cramer Says Costco at 49 Times Earnings Is the Mistake Loyal Shoppers Keep Making Negative Sentiment: Regulatory risk: The Department of Justice expanded a beef-pricing antitrust inquiry to Costco, seeking information on prices, costs, margins, purchasing, and supply-chain practices. Potential compliance costs or scrutiny could pressure sentiment. US DOJ Widens Beef Price Inquiry Negative Sentiment: Costco Next shutdown: The company’s online marketplace reportedly went offline without notice, raising questions about its digital strategy, although the platform is not viewed as central to Costco’s core business. Costco Next Online Marketplace Shut Down Insider Activity at Costco Wholesale In other news, Director Kenneth Denman sold 885 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.
Costco Wholesale Profile (Free Report)
Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.
Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.
Featured Stories Five stocks we like better than Costco Wholesale Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST – Free Report).
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D.B. Root & Company LLC ve 2. čtvrtletí otevřela novou pozici v Costco Wholesale a koupila 2 702 akcií za zhruba 2 527 000 USD. Costco je nyní 27. největší pozicí fondu.
D.B. Root & Company LLC purchased a new position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,702 shares of the retailer’s stock, valued at approximately $2,527,000. Costco Wholesale comprises about 0.5% of D.B. Root & Company LLC’s holdings, making the stock its 27th biggest position.
A number of other institutional investors have also modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Costco Wholesale in the 4th quarter worth approximately $27,000. Lifetime Wealth Management P.C. bought a new stake in Costco Wholesale in the fourth quarter worth about $28,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at $28,000. Finally, Burk Holdings LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $30,000. Institutional investors own 68.48% of the company’s stock.
Analyst Upgrades and Downgrades Several analysts have issued reports on COST shares. UBS Group boosted their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Truist Financial lifted their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a report on Friday, May 29th. Citigroup initiated coverage on Costco Wholesale in a research note on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price target for the company. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a report on Monday, June 1st. Finally, Bank of America raised their price objective on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,056.90.
Get Our Latest Analysis on COST Costco Wholesale Stock Performance Shares of NASDAQ COST opened at $915.74 on Friday. The business has a fifty day simple moving average of $943.58 and a 200 day simple moving average of $977.75. The firm has a market capitalization of $406.11 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 3.84 and a beta of 0.86. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,096.50. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17.
Costco Wholesale Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.58%.
Insider Transactions at Costco Wholesale In other Costco Wholesale news, Director Kenneth Denman sold 885 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total value of $847,343.25. Following the transaction, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.
Key Stories Impacting Costco Wholesale Here are the key news stories impacting Costco Wholesale this week:
Positive Sentiment: Strong August sales: Net sales increased 9.9% year over year, with comparable sales rising across regions and digitally enabled sales advancing 17.9%. The figures point to resilient member demand and continued e-commerce momentum. Costco’s August Sales Rise 9.9% as Digital Growth Stays Strong Positive Sentiment: Analyst support remains broad: BTIG reiterated a Buy rating with a $1,125 target, while Bank of America maintained its Buy rating and $1,200 target. Analysts cited resilient core performance, market-share gains, and higher earnings estimates. BTIG Reaffirms Buy on Costco Positive Sentiment: Long-term shareholder appeal: Commentary highlighted Costco’s consistent dividend growth since 2004, membership model, customer loyalty, and potential for continued earnings expansion. Neutral Sentiment: Store expansion: Costco is reportedly considering a new location in Thompson’s Station, Tennessee, supporting its long-term warehouse growth strategy, although the potential site has no immediate earnings impact. Neutral Sentiment: Mixed analyst valuation signals: DA Davidson reaffirmed a Neutral rating with a $1,000 target, while Bernstein retained a Buy rating but lowered its target to $1,144, indicating less room for upside despite confidence in the business. Negative Sentiment: Valuation concerns: Jim Cramer and other commentators argued that COST trades at roughly 43–49 times earnings, leaving the stock vulnerable if growth slows or results merely meet expectations. Cramer Says Costco at 49 Times Earnings Is the Mistake Loyal Shoppers Keep Making Negative Sentiment: Regulatory risk: The Department of Justice expanded a beef-pricing antitrust inquiry to Costco, seeking information on prices, costs, margins, purchasing, and supply-chain practices. Potential compliance costs or scrutiny could pressure sentiment. US DOJ Widens Beef Price Inquiry Negative Sentiment: Costco Next shutdown: The company’s online marketplace reportedly went offline without notice, raising questions about its digital strategy, although the platform is not viewed as central to Costco’s core business. Costco Next Online Marketplace Shut Down (Free Report)
Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.
Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.
Recommended Stories Five stocks we like better than Costco Wholesale Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST – Free Report).
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