Market Signal Briefing

Analyst’s Disclosure:I/we have a beneficial long position in the shares of OTF, KBDC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

November 16, 2025 19:00 ET

 | Source:

ACM Research, Inc.

ACM’s Ultra ECP ap-p enables next generation device performance amid accelerating market demand for advanced packaging

SEMICON EUROPA, Munich, Nov. 16, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced it has delivered the first panel electrochemical plating tool, the Ultra ECP ap-p, to an industry-leading panel fabrication customer. This achievement underscores ACM’s advancement in panel-level electroplating technology and reflects growing market demand for scalable, cost-efficient advanced packaging solutions to meet next generation device requirements.

The Ultra ECP ap-p is the first commercial panel-level copper deposition system for the large-panel market, supporting plating steps across pillar, bump, and redistribution layer (RDL) processes. The system achieves panel-processing performance - comparable to traditional round wafer processes, enabling manufacturers to meet demanding device requirements with greater efficiency.

“We are pleased to fulfill this order for our Ultra ECP ap-p,” said Dr. David Wang, ACM’s President and Chief Executive Officer. “This milestone demonstrates our ability to deliver high-performance horizontal panel electroplating solutions through our differentiated technology that help customers accelerate their fan-out panel-level packaging roadmaps while strengthening our role in the advanced packaging ecosystem. As demand grows for next-generation devices, panel-level packaging offers the scalability, throughput, and cost advantages needed for high-volume production, which will achieve a seamless transition for the industry from 300-millimeter wafer packaging to panel-level packaging.”

The system features ACM proprietary horizontal electroplating technology, and supports copper (Cu), nickel (Ni), tin-silver (SnAg) and a gold (Au) plating. The Cu plating chambers incorporate high-speed plating paddles specifically designed for tall pillar applications, capable of achieving pillar heights exceeding 300 microns. The Ultra ECP ap-p features a four-sided sealing dry contact chuck for improved reliability, in-cell rinse functionality to minimize chemical cross-contamination between different plating cells, and a horizontal electroplating design synchronizing a rotating square electrical field with the rotating chuck for superior deposition uniformity.

To learn more about the Ultra ECP ap-p platform, schedule a meeting with ACM Research at booth C1129 at SEMICON Europa, November 18-21, Messe München, or visit our website.

Forward-Looking Statements

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

© ACM Research, Inc. Ultra ECP ap-p and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.

Media Contact: Company Contacts:Alyssa LundeenUSAKiterocketRobert Metter+1 218.398.0776+1 [email protected]  China Xi Wang IR Contacts:ACM Research (Shanghai), Inc.The Blueshirt Group+86 21 50808868Steven C. Pelayo, CFA +1 (360) [email protected] Research (Korea), Inc. +82 70-41006699Gary Dvorchak, CFA +86 (138) [email protected] David Chang +886 921999884   Singapore Adrian Ong +65 8813-1107

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026 in the securities class action first filed by the Firm.

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

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants’ statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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

Nvidia's benefited greatly from the AI boom, thanks to the strength of its chips.

Nvidia (NVDA +1.68%) has delivered fantastic news to investors quarter after quarter, and this is thanks to a wise move the company made more than a decade ago. The tech giant shifted its focus to the field of artificial intelligence (AI), with the goal of designing its chips to suit that technology perfectly.

The company has won that bet, as we can see through its revenue, climbing in the double- and triple-digits in recent years and reaching a record of $130 billion in the latest fiscal full year. Profit has also advanced, and Nvidia aims to keep this high, with goals for gross margin to continue to surpass 70%.

All this sounds great, but some investors have expressed worries about an element that could weigh on Nvidia. And this is competition from its very own customers. For example, players such as Amazon (AMZN 1.22%) and Alphabet have developed their own chips, meaning their cloud businesses don't have to turn to Nvidia or other outside providers exclusively.

But before worrying too much about this issue, let's consider 16 words from Amazon chief Andy Jassy that represent spectacular news for investors ahead of Nov. 19 -- a big day for Nvidia.

Image source: Nvidia.

Nvidia and Amazon
First, though, a quick note about how Nvidia and Amazon work together. Nvidia designs the graphics processing units (GPUs) that power AI, from the training of models to offering the fuel they need as they go on to solve problems. And Amazon buys these chips to offer its cloud customers.

Rivals exist, from Advanced Micro Devices (AMD) to, as mentioned, chips designed by Nvidia's customers, but so far, Nvidia's chips remain the most powerful. And since AI customers are eager to win the AI race, they haven't hesitated to invest in the best possible tools. As a result, Nvidia's sales have roared higher.

This doesn't mean other chips and their designers are wallowing in the doldrums, though. AMD, for example, this past week wowed investors with its latest earnings report -- quarterly revenue surged 36% to a record $9.2 billion. And Amazon has said its in-house-developed Trainium chip platform is seeing solid demand.

All this has prompted some investors to wonder whether these trends will lead to slower growth for Nvidia down the road. And this brings me to the words from Amazon's Jassy that represent good news for Nvidia shareholders. It's key to note that Nvidia shareholders and Nvidia watchers are looking for any clue they can find about the company's future ahead of its earnings report on Nov. 19.

Today's Change

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Amazon's use of chips
Jassy, during Amazon's latest earnings call, spoke about Amazon Web Services (AWS), the company's cloud computing business, and its use of chips beyond those it designs in-house.

The 16 key words are, "We expect to keep growing our relationships over time" with Nvidia and other outside chip designers, Jassy said, calling them "important partners," and adding that Amazon also continues "to order very significant amounts" of Nvidia chips.

All this, along with Jassy's comments about seeing high demand for capacity, suggests that Amazon isn't looking to reduce its Nvidia chip orders -- and that there's plenty of room for both players to see significant growth in the years to come. Cost-conscious customers who turn to AWS's Trainium chip may not have necessarily opted for Nvidia in the first place, so AWS's product doesn't directly compete with Nvidia's latest GPUs. Instead, Trainium allows AWS to serve a broader range of customers, so it may boost AWS's revenue without hurting Nvidia's.

This offers us another reason to be optimistic about Nvidia's upcoming earnings report, regarding both quarterly growth numbers and what the company may forecast for the next few months. Nvidia has a track record of surpassing analysts' expectations, and it's possible this will continue. And that could set the stock up for more growth through the upcoming chapters of the AI story.

Real gross domestic product shrank 0.4% on a quarter-over-quarter basis, further complicating the timeline of the central bank's next interest-rate hike.

November 16, 2025 7:22 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 16, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026 in the securities class action first filed by the Firm.

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

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274727

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the “Class Period”) of the important December 23, 2025 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were “normal.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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

Oil fell in the early Asian trade on a possible technical correction after Friday's notable price gains in both WTI and Brent.

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Zions Bancorporation, N.A. (NASDAQ: ZION, ZIONP) resulting from allegations that Zions Bancorporation may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Zions Bancorporation, N.A. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46354 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On October 15, 2025, Zions Bancorporation, N.A. announced that it would be taking a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in light of “apparent misrepresentations and contractual defaults by the Borrowers and Obligors and other irregularities with respect to the Loans and collateral.” Zions Bancorporation, N.A. further disclosed that it would be engaging counsel to coordinate an independent review of the matter.

On this news, Zions Bancorporation, N.A. common stock fell 13.14% on October 16, 2025.

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

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

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

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

Contact Information:

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

By

PYMNTS
 | 
November 16, 2025

 | 

Apple is reportedly planning its largest-ever transformation to its iPhone.

This overhaul applies to both the flagship products themselves and their traditional release schedule, Bloomberg News’ Mark Gurman wrote in a report Sunday (Nov. 16).

According to the report, Apple plans to introduce a trio of high-end models — the iPhone 18 Pro, iPhone 18 Pro Max and a new foldable — next fall. Six months or so later, the company will launch the iPhone 18, iPhone 18e and potentially an updated iPhone Air. Gurman said he expects this pattern to repeat for years to come, with Apple rolling out five and six new models every year.

He also argued the iPhone Air is “essentially a technology exercise and a prototype en route to the foldable iPhone,” as it will use many of the same components and technology. It is less about getting customers used to thinner devices than readying Apple’s supply chain.

Meanwhile, the report added, Apple is changing its release schedule. In recent years, the company has launched four main iPhones in the fall, with a lower cost SE or “e” model being introduced in the earlier part of the year. 

Starting next year, Gurman wrote, Apple will stop compressing so many releases into the fall, allowing it to enjoy steadier revenue throughout the year and place less pressure on workers and manufacturers.

Advertisement: Scroll to Continue

Apple’s market capitalization topped the $4 trillion mark last month, driven in part by stronger-than-anticipated demand for the new iPhone 17. It became the third public company to reach that milestone, following Nvidia and Microsoft, both of which reached it in July.

In other Apple news, PYMNTS wrote last week about a major shift in the company’s App Store strategy, which could set a precedent for how mobile software is developed and monetized.

The company has debuted a program that halves the standard 30% fee it takes from app developers on in-app sales for a category of software called “mini apps.” This program offers developers of mini apps — which run inside other standalone apps rather than as separate downloads — a reduced commission rate of 15% in exchange for using Apple’s tech to construct their apps.

“This could change how people use their phones,” PYMNTS wrote. “Instead of having multiple apps scattered across the phone, users might have just a few traditional apps that include many mini apps. This can make phones less cluttered and give users more features in fewer places.”

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Dogecoin is showing early signs of strength as traders eye a potential move toward $0.1670 in the coming days. At the moment, DOGE is trading around $0.1591, down 8.29% in the last 24 hours, but market indicators suggest an upcoming shift in momentum if buyers step in at key support levels.

Journalist

Posted: November 17, 2025

Key Takeaways
Why are traders selling SOON early?
Negative Funding Rates and a $6.29 million liquidity exit show bearish positioning rising ahead of the $31 million unlock.

What levels matter now for SOON?
A break below $1.94 could extend the downtrend, while holding this zone may steady the price temporarily.

Soon [SOON] extended its slide on the 16th of November after bears forced a sharp drawdown. CoinMarketCap data showed a 26% daily loss, placing the token among the day’s biggest decliners. That drop kept sentiment fragile and set traders up for more volatility ahead.

Unlock fear drives early selling
The recent decline in SOON over the past day appears linked to an expected price unlock. The coming token unlock will release 15.21 million tokens—4.3% of the circulating supply—worth an estimated $32 million.

A sudden release of this size is expected to weigh heavily on price, particularly as demand in the market remains weak and insignificant.

Source: Tokenomist

Although the token unlock is scheduled for the 23rd of November, the recent sell-off—if truly linked to the event—suggested investors are taking extra steps to avoid being trapped should a deeper decline follow.

More recently, selling pressure has intensified due to weakness in the derivatives market.

Bears dominate the derivatives market
Derivative investors continue to sell heavily. The Funding Rate—used to track whether bulls or bears pay more in funding fees and determine where the market is skewed—was key in this case.

The Funding Rate confirmed that sellers are in control. It turned extremely negative, with a reading of -1.1307%, suggesting SOON could fall further.

Source: CoinGlass

Circulating liquidity in the Derivatives market has also seen a notable decline. According to CoinGlass, $6.29 million was removed, leaving circulating liquidity at roughly $48 million.

With $2.39 million coming from liquidated positions, the remaining $3.9 million exiting the market indicated that investors willingly closed their positions—consistent with the sell-off tied to the upcoming unlock.

This trend implies that investors’ decisions are driven largely by the uncertainty spreading through the market.

What’s next for SOON
SOON traded near the support band between $2.00 and $1.94, a region that had held since the 7th of November. The 4-hour chart showed repeated reactions at this zone, but bearish momentum accelerated into 16 November.

Source: TradingView

If SOON closed decisively below $1.94, sellers could drive a deeper breakdown. If the zone held again, the price might stabilize in the unlock window or attempt a short-term rebound.

The cryptocurrency market is witnessing significant fluctuations, and SOON tokens are at the center of this volatility. Recently, the value of SOON experienced a sharp decline of 26%, a move that has left traders and investors wary of its future performance.

Expanding institutional access is setting bitcoin for broad future growth as massive global capital pools gain new entry points, a shift underscored by Bitwise CEO Hunter Horsley that highlights the asset's potential well past softness.

Bitcoin briefly dropped to $93,000 early Monday, triggering $510 million in 24-hour liquidations with the largest single liquidation of $29.98 million occurring on Hyperliquid.The price decline erased all of Bitcoin's year-to-date gains for 2025, pushing the Fear and Greed Index to 10, signaling extreme fear among market participants.Analyst KillaXBT identifies critical support at $93,500 and $89,000-$91,000, warning that a break below $85,000 would invalidate bullish recovery scenarios.Bitcoin briefly dropped to $93,000 early Monday in Asia before rebounding, sparking $510 million in 24-hour liquidations and wiping out all year-to-date gains for 2025. The sharp move drove the Fear and Greed Index to 10, signaling extreme fear among traders.

Market analysts are watching key support zones to assess whether Bitcoin can recover or faces more downside in the coming days.

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Sharp Correction Wipes Out 2025 GainsBitcoin’s recent correction erased nearly 24% from its early October high of $126,000. The dip at $93,000 marked a notable psychological and technical breakdown, officially nullifying all year-to-date returns for 2025.

Weekend price trends shifted markedly. For the first time in several weeks, Bitcoin declined over the weekend instead of rising, creating what market analyst KillaXBT called a bearish setup heading into Monday. Using 300 days of historical data, this pattern suggests about a 36% probability that Monday will establish a near-term low.

$BTC

For the first time in weeks, BTC didn’t pump over the weekend, it actually moved lower. Instead of setting up the usual bullish narrative heading into Monday, this created a bearish one.

Based on the last 300 days of price action, there’s roughly a 36% chance that Monday… https://t.co/NGkkqLHtYo pic.twitter.com/3lyd1sRxdI

— Killa (@KillaXBT) November 16, 2025
Market sentiment plunged alongside the price. The Crypto Fear and Greed Index dropped to 10, down two points from the previous reading and registering extreme fear. This is a marked reversal from late November 2024, when the index hit a high of 93 amid market euphoria.

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Massive Liquidations Hit Derivatives MarketThe price collapse led to a cascade of liquidations across crypto derivatives markets. In 24 hours, exchanges liquidated over 150,000 traders, resulting in closures totaling over $510 million. Long positions suffered the most damage, losing $40.37 million in a single hour and $77 million over four hours.

Bitcoin accounted for $41.61 million in long liquidations, followed by Ethereum at $13.99 million. Other cryptocurrencies, such as Solana, XRP, and Dogecoin, also saw multi-million-dollar liquidations as prices followed Bitcoin lower.

Liquidation Heatmap. Source: CoinglassSupport Levels Set the Path for RecoveryMarket analyst KillaXBT has pointed out several crucial support zones for Bitcoin’s near-term direction. Immediate focus is on $94,100, with more substantial support anticipated at $93,500—the year’s opening price—and the $89,000-$91,000 range.

These areas have traditionally attracted high trading activity and open interest, making them key buy zones based on technical analysis. However, the analyst warned against using high leverage now due to ongoing volatility and liquidation risks. With recent price swings of 4-5%, overleveraged positions face elevated risk.

If Bitcoin falls decisively below $85,000, bullish recovery scenarios would be invalidated, signaling a trend reversal. If liquidity is absorbed at lower supports, a move to reclaim the $100,000 mark is possible, though resistance at $98,300 must be overcome first.

The current structure points to heightened uncertainty. With sentiment at extreme fear and major liquidations already occurring, the market sits at a critical point. Whether buyers emerge at support or sellers push the price lower will shape Bitcoin’s path through November and year-end trading.

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The growing accessibility of bitcoin to institutional investors is paving the way for significant future growth, according to Bitwise CEO Hunter Horsley. He emphasizes that vast pools of global capital are gaining new channels to invest in the digital currency, which bodes well for bitcoin's potential even amid market downturns.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

With a 24-hour increase in payment volume of over 200% and a total of 2.56 billion XRP transferred throughout the network, XRP recently experienced one of its biggest on-chain spikes in months. This is indicative of significant liquidity movement throughout Ripple's settlement layer rather than retail noise or speculative churn. In this case, historical context is important.

When XRP experiences significant increases in network utility without a corresponding decline in price, this is typically a sign of structural support rather than panic selling. Because of their downward alignment, all three EMAs act as layered overhead resistance. This demonstrates that the general trend is still corrective. Each upward push has been capped, most recently in the $2.55-$2.60 range.

XRP/USDT Chart by TradingViewIf XRP wishes to regain its bullish momentum, it must break through that area. What is noteworthy, though, is how well the price is holding in spite of that strong resistance — especially considering the volatility of the market as a whole. Buyers are clearly intervening at the $2.30-$2.35 range as XRP has consistently defended. Weak momentum is indicated by an RSI of about 41, but importantly, it is neither oversold nor breaking down. It appears that this phase is stabilizing rather than exiting.

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The on-chain surge supports that notion. Utility and liquidity are moving as evidenced by a 2.56 billion XRP transfer spike. XRP is used, not just exchanged. This lends credence to the idea that institutional positioning, settlement activity or accumulation are taking place beneath the surface.

Shiba Inu's solid potentialShiba Inu are not yet experiencing a full-fledged breakout. However, the chart subtly reveals something that most traders are overlooking: the beginnings of a structural bottom that might easily support a 20% recovery from current levels. SHIB has reached a semi-bottom between $0.0000090 and $0.0000092, where buyers regularly intervene to stop further declines following weeks of grinding lower and shaking out weak hands.

This is significant because the pattern is controlled selling followed by clean stabilization rather than panic or capitulation. Volume has decreased, volatility has decreased, and SHIB is now in accumulation territory rather than a breakdown phase as indicated by the RSI's hovering between 38 and 41. Although the market has not strengthened, it has stopped losing money, and in cryptocurrency that is frequently when significant reversals start.

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The 50-day, 100-day and particularly the 200-day moving averages, all of which are still sloping downward, are now significantly below SHIB. That appears to be bearish on paper. However, it also produces the kind of asymmetric setup that allows a dead meme coin to abruptly move up 15-20% when sentiment even marginally improves.

To reverse short-term momentum, the price only needs to recover $0.0000105, a modest threshold, which would pave the way for a move of about 20% from here to $0.0000113-$0.0000115. The declining 50-day and 100-day averages are in line with that zone, making it a logical target for any relief rally. Here burn announcements, whale speculation and hype are not the true indicators. It is the fact that SHIB maintained its floor while Bitcoin tested $95K and the overall market appeared prepared to give in. A bull market is not necessary for SHIB to rise if this is the bottom forming, as the chart clearly suggests. To cease being antagonistic is all that is needed.

Ethereum's dominance to rise?Ethereum is demonstrating technical strength in comparison to Bitcoin for the first time in months, and this is entirely related to how near ETH is to finishing its local bottoming structure. Ethereum's RSI has been lingering in oversold territory in the 34-36 range, indicating seller fatigue and the formation of a possible reversal zone. Bitcoin, on the other hand, is still trading above its corresponding RSI low, indicating that it may still have room to decline before reaching true support. It is a crucial divergence.

Because ETH is nearer the bottom while BTC is not, the power dynamic may change more quickly than most anticipate. Benjamin Cowen recently restated his argument that Ethereum's relative positioning becomes even more intriguing if Bitcoin continues to decline toward $60,000. You get a structural environment where ETH starts outperforming BTC into recovery if BTC bleeds slowly and grinds lower while ETH has already priced in its correction.

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That is how rotational cycles begin. Even after a brief rebound Bitcoin still faces resistance up to $107,000 and $112,000. It recently fell from $100,000. Ethereum is currently trading just above $3,100, maintaining a higher-time frame support level that initiated the previous rally toward $4,800.

Once relief begins, ETH is much closer to regaining moving averages, particularly the 200-day. There is more structural resistance overhead with Bitcoin. It would not be the first time if the market saw a rotation into ETH while BTC stalled. In the past, Ethereum has outperformed Bitcoin when it peaks or stagnates, particularly when liquidity is looking for the next trade and ETH is the only asset large enough to absorb it.

Ether (ETH) retreated below the $3,100 level on Sunday amid a wider cryptocurrency pullback, dipping to around $3,066 as of 9:36 p.m. UTC. The move marks a 3.4% decline over the past 24 hours and represents the token’s first break under $3,100 since Nov. 4, based on TradingView data. ETH briefly slid under the threshold at about 4 p.m. UTC on Bitstamp, signaling renewed market pressure as digital assets faced increased volatility.

Market analysts attribute part of ether’s recent weakness to sustained outflows from spot ether ETFs. According to Timothy Peterson, investment manager and digital asset researcher at Cane Island Alternative Advisors, ether ETFs have recorded net outflows in four of the last five weeks, amounting to roughly 7% of cost-basis capital. This measure reflects the original capital investors put into the funds, excluding accumulated gains or losses. Rising redemptions relative to this foundational capital often suggest waning conviction among long-term participants rather than routine short-term trading adjustments.

Meanwhile, bitcoin ETFs saw withdrawals of about 4% of their cost-basis capital during the same period—significantly lower than ether’s. Peterson interprets this disparity as a sign that investors currently view ETH as the riskier asset compared to bitcoin. Because cost-basis capital focuses solely on initial investment commitments, it offers a clearer reading of sentiment than typical inflow and outflow figures, which can easily be skewed by short-term fluctuations.

With ether now testing key price levels, traders are watching closely to see whether ETF outflows stabilize or accelerate in the weeks ahead. How ETH behaves around the $3,100 zone—and whether the sentiment divide between ether and bitcoin persists—will likely guide market expectations going into the next trading cycles.

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XRP has just recorded one of its most notable on-chain surges in recent months, with payment volume jumping more than 200% in 24 hours and over 2.56 billion XRP moving across the network. This surge reflects meaningful liquidity activity flowing through Ripple’s settlement infrastructure rather than the typical retail speculation that often drives short-lived volatility. Historically, when XRP shows this level of network utility while maintaining price stability, it often points to structural support forming beneath the market.

Despite this encouraging on-chain momentum, the broader trend still leans corrective. All three major EMAs remain aligned downward, acting as stacked layers of resistance. Recent attempts to push higher have stalled near the $2.55–$2.60 zone, which now represents a critical barrier for any renewed bullish breakout. For XRP to regain strong upside momentum, price needs to convincingly clear that range.

What stands out, however, is how well XRP is holding up despite strong overhead pressure and an unstable wider crypto market. Buyers continue to defend the $2.30–$2.35 range, showing consistent accumulation during dips. The RSI hovering around 41 reflects weak momentum but shows no signs of breakdown or oversold panic, suggesting the market may be in a stabilization phase rather than preparing for deeper losses.

The recent transactional spike strengthens this outlook. A 2.56 billion-XRP surge in network movement highlights rising utility, pointing toward settlement flows, institutional adjustments, or strategic accumulation rather than speculative churn. In other words, XRP isn’t simply being traded — it’s being actively used. Such activity often precedes shifts in market sentiment and can signal underlying confidence even when price action appears muted.

Overall, while XRP still faces strong resistance overhead, the combination of solid on-chain performance, defended support levels, and steady liquidity movement suggests the asset may be entering a consolidation phase that could set the stage for a future trend reversal if resistance breaks.

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WhiteFiber (WYFI) CEO Sam Tabar says the demand for A.I. buildout is "very real," adding that the A.I.

Shareholders approved all proposals, confirming Faraday Future Intelligent Electric Inc. (“Faraday Future”) as the Company’s new majority and controlling shareholder.
Faraday Future will nominate a majority of board seats prior to November 20 as part of the Company’s strategic transformation.
The Company will host an official renaming and ticker activation ceremony at Nasdaq Headquarters in New York on November 20, adopting the new ticker symbol AIXC.
During the ceremony, the Company will unveil a new business model, ecosystem structure, and three-year development roadmap positioning AIxCrypto as a leading gateway to the AI × Web3 era.
The transition introduces cross-ecosystem enablement between the two companies. Carlsbad, CA, Nov. 16, 2025 (GLOBE NEWSWIRE) -- Qualigen Therapeutics, Inc. (NASDAQ: QLGN) (“Qualigen” or the “Company”) today announced the certified voting results of its Special Meeting of Stockholders. All proposals passed with majority approval.

As a result of the approved actions, Faraday Future is expected to become the Company’s majority and controlling shareholder with an estimated 55% direct equity ownership. Including affiliated stockholders such as YT Jia and Jerry Wang, this increases this amount to approximately 63%.

Faraday Future will designate the majority of the reconstituted Board of Directors. Governance restructuring will be completed ahead of the Company’s planned public renaming on November 20 to support execution of the new strategic direction.

The Company will officially adopt its new corporate name AIxCrypto Holdings, Inc. (NASDAQ: AIXC) on November 20, 2025, and will host a renaming and ticker-activation ceremony at Nasdaq in New York. During the event, the Company will also unveil its full strategic transformation plan and announce the newly structured Board of Directors, including the incoming Chairperson. As part of the ceremony, AIxCrypto will present its new business framework, ecosystem architecture, and three-year development roadmap. AIxCrypto aims to position itself as the world’s premier gateway to the emerging AI × Web3 era.

This brand evolution signifies more than a change in name — it marks a strategic shift from traditional biotechnology into a Web3-driven decentralized artificial intelligence technology platform.

The transformation is expected to establish a reciprocal strategic enablement dynamic between AIxCrypto and Faraday Future, accelerating innovation, ecosystem integration, and long-term value creation. Additional details will be presented during the November 20 event.

This renaming symbolizes a comprehensive upgrade of company identity, business model, technology strategy, and ecosystem positioning. It reflects the Company’s definitive transition into a cross-disciplinary technology enterprise focused on decentralized AI (DeAI), Web3 asset infrastructure, and intelligent trading systems.

Major Strategic Blueprint to Be Announced: Defining a New Technology and Capital Growth Curve

During the November 20 ceremony, the Company will formally introduce its new business framework, ecosystem roadmap, and three-year development strategy. AIxCrypto is committed to defining the world’s leading gateway to the AI × Web3 era. Further details will be announced to investors and global markets during the November 20 event.

“This is more than a renaming — it represents a complete evolution of company identity, technology capability, asset infrastructure, and global user ecosystem positioning,” said Jerry Wang, Co-CEO of Qualigen Therapeutics.

Approved Proposals Include:

Subscription Agreement Approval under Nasdaq Rules 5635(a) and 5635(b), authorizing issuance of 337,432 common shares and 39,943 Series B convertible preferred shares.Approval to Exceed Nasdaq’s 19.99% Issuance Threshold under Rule 5635(d).2025 Equity Incentive Plan, including evergreen provision, supporting long-term talent retention and alignment with shareholder interests.Authorization to Adjourn the Meeting, if needed, for additional voting matters. With these approvals and governance updates completed, the Company enters a new execution phase aligned with its technology, growth, and capital markets strategy as AIxCrypto.

About Qualigen Therapeutics, Inc.
Qualigen Therapeutics, Inc. (NASDAQ: QLGN) is a biotechnology company based in Carlsbad, California, specializing in the development and commercialization of innovative oncology and immunology therapies. The company is also actively expanding into crypto asset and Web3 strategies, integrating cutting-edge technology with capital market innovation to accelerate global growth and ecosystem expansion.

Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company may in some cases use terms such as “predicts,” “believes,” “potential,” “continue,” “anticipates,” “estimates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “likely,” “will,” “should” or other words that convey uncertainty of the future events or outcomes to identify these forward-looking statements. The Company’s forward-looking statements are based on current beliefs and expectations of its management team that involve risks, potential changes in circumstances, assumptions, and uncertainties, including statements regarding the timing of the offering. Any or all of the forward-looking statements may turn out to be wrong or be affected by assumptions the Company makes that later turn out to be incorrect, or by known or unknown risks and uncertainties. These forward-looking statements are subject to risks and uncertainties including risks related to the Company’s ability to regain compliance with Nasdaq’s continued listing requirements, or otherwise in the future, or otherwise maintain compliance with any other listing requirement of The Nasdaq Capital Market, the potential de-listing of the Company’s shares from The Nasdaq Capital Market due to its failure to comply with the Nasdaq’s continued listing requirement, or its alternatives, or otherwise in the future, and the other risks set forth in the Company’s filings with the Securities and Exchange Commission, including in its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q. For all these reasons, actual results and developments could be materially different from those expressed in or implied by the Company’s forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this news release. The Company disclaims any intent or obligation to update these forward-looking statements beyond the date of this news release, except as required by law. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Investor & Media Contact:
Investor Relations Department
Qualigen Therapeutics, Inc.
5857 Owens Avenue, Suite 300, Carlsbad, CA 92008
Tel: +1 (760) 452-8111
Email: [email protected]

If you're looking for diversification, here are three excellent stocks to scoop up today.

Investing in the stock market is a smart move to make on your journey toward building long-term wealth for retirement. The stock market has transformed countless investors into millionaires. The secret lies in taking a patient, long-term approach, consistently saving and contributing to your investment accounts, and investing in high-quality companies that boast competitive advantages and reward shareholders over time.

One key to success is diversification. By spreading your investments across various companies, industries, and sectors of the economy, you can better manage risk and volatility while maximizing your potential returns. If you have $1,000 that you are looking to invest in the stock market, here are three excellent stocks you can scoop up today.

Image source: Getty Images.

The luxury payments company
American Express (AXP 2.07%) owns one of the most recognized credit card businesses globally. The company has built a strong brand that its customers associate with luxury and exclusivity. The company has invested considerable resources in crafting this image, which attracts high-earning, high-spending customers.

It reinforces its strong brand with its invite-only Centurion Card, also known as the Black Card, which reportedly requires annual spending of $250,000 or more and comes with a lofty annual fee of $5,000. It also offers the less expensive Platinum Card, which provides customers with benefits such as airport lounge access, hotel perks, travel rewards, and spending credits in various entertainment and dining categories.

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American Express earns fees from transactions that pass through its network, as well as interest income on the credit card loans it extends to its customers. The company's business model differs from Visa and Mastercard, which both operate payment networks, like American Express, but don't hold credit card loans. Instead, they partner with banks that maintain and service those credit card loans.

Holding on to credit card loans exposes American Express to credit risks that Visa and Mastercard don't face, which is the primary reason this stock trades at a cheaper valuation than those two. Although American Express faces credit risks, its high-income customer base has proven to be more resilient across credit cycles, helping to keep credit losses lower than many other lenders. Given its strong moat and robust customer base, American Express is an excellent long-term stock.

A pillar in U.S. energy
ExxonMobil (XOM +1.30%) operates one of the largest energy companies in the world. With investments across Guyana, the Permian Basin, and key liquefied natural gas (LNG) terminals, ExxonMobil's extensive assets provide it with a robust infrastructure to support energy production and generate recurring revenue and free cash flow for investors.

Exxon runs an integrated business model, meaning it operates across various parts of the energy value chain. This includes upstream operations, where it explores and produces oil and natural gas, drills wells, and extracts the material from the ground. Midstream operations involve transporting and storing oil and gas, while its downstream business converts hydrocarbons into finished products such as gasoline, diesel, plastics, and lubricants.

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By operating across the value chain, Exxon helps diversify its earnings, so it isn't dependent on high oil and gas prices alone. Upstream operations benefit from higher prices, while midstream operations provide steady cash flow. Meanwhile, its downstream segment performs well when refining margins -- the difference between raw oil and the finished product -- are high.

Exxon has done an excellent job in its industry, owning low-cost, efficient-energy projects worldwide, which enable it to produce oil at low break-even prices. The company continues to generate solid cash flow and reward shareholders nicely with a dividend yielding 3.5%, while it has also repurchased $20 billion in stock during the past year.

A top uranium miner that could get a boost from AI
Cameco (CCJ 1.51%) operates as one of the world's largest providers of uranium and nuclear infrastructure. The company holds significant assets in key high-grade uranium mines in Canada and Kazakhstan, as well as ownership stakes and mining rights to uranium deposits in Australia. It also owns a 49% stake in Westinghouse (along with Brookfield Renewable Partners), which provides it with exposure to the entire nuclear value chain, from reactor design to servicing and fuel fabrication.

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What makes Cameco appealing to me is its role in the nuclear energy sector, which is experiencing a revival. That's because companies are scrambling for clean and reliable fuel to meet their growing energy needs. According to Goldman Sachs, data centers in the U.S. are expected to see their share of energy demand increase from 3% in 2023 to more than 8% in 2030, more than doubling their consumption.

Demand for uranium is expected to increase during the next several years, driven by a global push for more nuclear energy. According to a study published by OpenPR, the global uranium market is expected to reach $13.6 billion by 2032, representing a 4.9% compound annual growth rate. Meanwhile, according to the World Nuclear Association, global reactor requirements are expected to double from roughly 69,000 metric tons of uranium (tU) to 150,000 tU by 2040.

To me, this makes Cameco, with its extensive portfolio of assets across the uranium value chain, another excellent long-term investment.

One fund’s exit hints at how fast conviction can shift even when an underlying business is flashing signs of recovery.

On Friday, Denver-based 1060 Capital Management reported fully exiting its position in Brightstar Lottery (NYSE: BRSL) during the third quarter, reducing its stake by 307,200 shares for an estimated $4.9 million.

What HappenedAccording to a filing with the Securities and Exchange Commission (SEC) released on Friday, 1060 Capital sold its entire Brightstar Lottery stake during the third quarter. The sale totaled 307,200 shares, with the position previously representing 9.8% of the fund's 13F AUM as of June 2025.

What Else to KnowTop holdings after the filing: 

NYSE:RSI: $9.2 million (31.3% of AUM)NYSE:PRIM: $6.9 million (23.3% of AUM)NASDAQ:LULU: $5.3 million (18.1% of AUM)NYSE:NVRI: $4.2 million (14.1% of AUM)NYSE:MTZ: $2.1 million (7.2% of AUM)As of Friday, Brightstar Lottery shares were priced at $16.49, down 17% over the past year, and well underperforming the S&P 500, which is up 13% in the same period.

Company OverviewMetricValuePrice (as of market close Friday)$16.49Market capitalization$3.2 billionRevenue (TTM)$2.5 billionNet income (TTM)$304 millionCompany SnapshotBrightstar Lottery is a leading global provider of technology and services to the regulated lottery sector. The company has strategically focused on its core lottery operations, divesting non-core gaming assets to concentrate on scalable, recurring revenue streams. Its competitive advantage lies in its pure-play lottery model, robust technology platform, and established relationships with government and private lottery operators worldwide.

Foolish TakeThis sharp reduction in a high-conviction name seems indicative of how a catalyst-driven fund like 1060 Capital is recalibrating risk. The fund, which looks for asymmetric setups with multiple ways to win (per its website), stepping away from Brightstar Lottery during the third quarter suggests that the path to near-term upside looked less compelling than the rest of its increasingly concentrated book. After all, shares of Brightstar have struggled over the past two years and remain about 50% below mid-2023 levels.

There are reasons to be cautious, though there are also bright spots. Brightstar’s third-quarter revenue rose 7% to $629 million, and adjusted EBITDA jumped 11% to $294 million, but the quarter also included negative operating cash flow of $439 million, largely tied to an upfront Italy Lotto license payment, and shares remain down 17% over the past year.

It's important to note that the exit comes in the same quarter that 1060 Capital unwound MYR Group and Armstrong World Industries while rotating into Lululemon and building a sizable Tesla put position, potentially underscoring a broader portfolio pivot rather than a company-specific call. For long-term investors, the takeaway isn’t that Brightstar’s story is necessarily broken—it’s that catalyst-driven funds will redeploy capital once the near-term repricing window narrows, regardless of broader multiyear potential.

Glossary13F: A quarterly SEC filing by institutional investment managers disclosing their equity holdings.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
Full liquidation: Selling an entire investment position, resulting in a zero balance of that asset.
Trailing twelve months (TTM): See TTM.
TTM: The 12-month period ending with the most recent quarterly report.
Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage.
Pure-play: A company focused on a single line of business or industry segment.
Regulated lottery: A lottery operated under government oversight and legal frameworks.
Divested: Sold or disposed of a business unit or asset, often to focus on core operations.
Quarter-end: The last day of a fiscal quarter, often used as a reporting reference point.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica Inc. The Motley Fool recommends MasTec. The Motley Fool has a disclosure policy.