Market Signal Briefing

Tom Yeung here with your Sunday Digest.  

As we enter the final months of 2025, many traders will be waiting for a familiar market trend to take hold: 

The Santa Claus Rally. 

This phenomenon has been documented since 1972, and much of it is caused by the “window dressing” that companies use to boost their year-end numbers. After all, December is when performance gets judged and bonuses are paid. (Over the last 50 years, stocks have risen 80% of the time during this period.) 

It’s also the period when families go holiday shopping and corporate department heads spend the remainder of the “use it or lose it” budgets. Retailers and software firms alike generate their highest revenues in the fourth quarter. 

However, this year’s rally will come with the additional “gift” of volatility as AI-fueled speculation collides with a weakening labor market, an ongoing government shutdown, and record-low consumer sentiment. On Thursday, outplacement firm Challenger reported that last month’s layoffs affected more than 150,000 workers, the highest October figure in 20 years. Even Amazon.com Inc. (AMZN), a firm at the forefront of AI computing, is laying off 14,000 corporate employees (not just warehouse workers) as it embraces generative AI. 

We’re already seeing these layoffs cause cracks in the bull market. This week, the tech-heavy Nasdaq Index fell 5% after investors reconsidered their bullish bets. Cost-cutting Amazons fell 6%. 

Now, I know most traders consider volatility as something to avoid… much like driving 500 miles to your in-laws the day before Thanksgiving or getting coal in a Christmas stocking. The original concept of financial economics used volatility as its single measure of risk. 

But personally, I’ve never heard anyone complain when volatility happens to the upside. AI company Palantir Technologies Inc. (PLTR) is four times more volatile than the broader S&P 500, as measured by implied volatility. Yet, investors seem pretty happy with Palantir’s 206% one-year return. 

It’s the downside volatility that people dislike. 

That’s why I’d like to reintroduce Jonathan Rose to you all. 

Jonathan was a professional trader for 16 years on the Chicago Board Options Exchange, where he saw firsthand how trades are actually done. He’s since turned it into a system that has returned 233% in five days from Rigetti Computing Inc. (RGTI), 534% in three days from MP Materials Corp. (MP), and 959% in 31 days from Albemarle Corp. (ALB). 

The wonderful thing about Jonathan’s system is that it performs even better when markets are volatile. It’s these moments when institutional activity reaches a frenzy, causing traders to essentially “tip their hand” of what they’re about to do. Those who recognize what Jonathan calls “unusual trading activity” stand to profit greatly. 

To better explain this, Jonathan will be joining his InvestorPlace colleagues – Louis Navellier, Eric Fry, and Luke Lango – to bring you The Profit Surge Event tomorrow, Monday November 10, at 1 p.m. Eastern time. In it, he will explain why the rising volatility we’ve been seeing this week could produce one of the best trading windows of his career. 

But be warned… this is your last chance to book a spot for the event before we go live with this free broadcast tomorrow. So, be sure to click here to sign up now.

Now, as we enter the start of a potential Santa Claus rally, I’d like to leave you with three stocks that should perform well heading into the end of the year. These firms have historically been resistant to downward volatility and have recently seen insiders “tip their hand” with some unusual purchases. 

Buying the Dip (and Chips Too) 
It’s been a terrible, horrible, no good, very bad year for consumer goods stocks. 

Shares of Kraft Heinz Co. (KHC) have fallen 22% since January, while Garden Veggie Straws owner The Hain Celestial Group Inc. (HAIN) has plummeted 80%. Even The Procter & Gamble Co. (PG), a symbol of corporate boringness, is down 8% this year.  

That’s left many of these ultra-stable companies trading at incredible discounts… right as markets are fretting about sky-high tech valuations. 

That’s why Utz Brands Inc. (UTZ) now looks so attractive. 

Utz is a Hanover, Pennsylvania-based snack food conglomerate with brands including On the Border salsa and tortilla chips, Golden Flake pork rinds, its flagship Utz potato chips, and more. Its products are available in all 50 states, and its market share has now increased for nine consecutive quarters.  

Utz’s profit outlook has also remained steady this year, thanks to its focus on prices and cost efficiencies. Profits are expected to rise 5% this year and 15% the next. 

Yet, over the past year, shares of this snack food giant have declined 34% in lockstep with other consumer goods stocks. The stock now trades for just 13 times forward earnings – roughly half of its long-term average. 

That selloff has now triggered a flurry of insider buying: 

CEO. Bought 7,200 shares at $10.58 
Chief Financial Officer. Bought 477 shares at $10.47 
Chief Legal Officer. Bought 965 shares at $10.35 
Director. Bought 31,750 shares at $10.58 

This type of “cluster buying” is one of my favorite bullish signals, as it indicates that the entire top management team believes their shares are undervalued. Third-quarter earnings met estimates, so there is no good reason for its 12% post-earnings selloff. 

Utz is also well protected from potential downturns. Growth remained strong during the Covid-19 recession as consumers traded down, and recent earnings figures from Walmart Inc (WMT) and McDonald’s Corp. (MCD) are suggesting that Americans are doing so again. So, even though consumer goods stocks have faced a terrible, no-good year so far, there’s every reason to believe that Utz will see a special Christmas reprieve as the smart money pivots to lower-risk picks. 

A Prescription for Gains 
Biotech companies are also an excellent source of “smart money” tips. Executives are paid to closely monitor their clinical trials, and many use this knowledge to trade shares of their company before the results are officially tallied. 

After all, if half of the patients in a double-blind clinical trial are suddenly getting cured, it’s a sign that the drug is working. (And if half are dropping dead, that suggests the opposite.) 

For instance, insiders at biotech startup Longeveron Inc. (LGVN) began cluster buying shares in mid-October 2021. The stock surged 800% two weeks later after the company announced that its Lomecel-B treatment qualified for the Food and Drug Administration’s Rare Pediatric Disease designation. More recently, Nuvation Bio Inc. (NUVB) saw significant insider purchases in June 2025, three months prior to unveiling promising Phase 2 results. Its CEO is now sitting on 175% gains from that trade. 

That’s what makes Greenwich LifeSciences Inc. (GLSI) a bet worth looking at. 

The Houston area-based biotech is developing a cancer immunotherapy drug that aims to enhance the effectiveness of existing breast cancer treatments. Its flagship therapy is currently in Phase III trials and is expected to conclude by the end of 2026. 

Over the past several months, the company’s shares have fallen 33% due to heavy short selling. Greenwich spent 25% more than expected in the third quarter, and markets punished this by increasing the percentage of shares sold short to 10%, up from 4% at the start of the year. 

Now, the tide seems ready to turn in the other direction. 

On November 4, the company’s CEO purchased 2,300 shares of the firm at $9.26, marking his first investment since April, when positive preliminary data from its Phase III clinical trial were announced. Recent 13F filings as of September 30 show that positions held by large funds are now rising again, rather than falling. 

There’s a strong reason to believe more money will continue flowing into Greenwich’s beaten-down shares. 

In September, GLSI received an FDA Fast Track designation, a process awarded to crucial drugs that have met certain efficacy criteria. The firm also received formal approval from European regulators to expand its Phase III trials. The following month, Greenwich announced it would extend its Phase III trials to Belgium and Austria.  

It’s also worthwhile remembering that Greenwich’s Phase IIb and initial Phase III results triggered robust immune responses that reduced recurrence of metastatic breast cancer to 80%, compared to 20% to 50% by currently approved products. 

This suggests that Greenwich’s $115 million market value is too low. Breast cancer is the second-most common form of that disease, and the type that Greenwich’s drug targets affects 15% to 20% of all breast cancer cases. (Recent Phase III data suggests it could be even more.) 

It’s an enormous market, and large oncology players like Roche Holdings (RHHBY) and Pfizer Inc. (PFE) might be willing to roll the dice on acquiring this promising firm as regulators and insiders make positive bets on initial Phase III results. 

Drilling for Value 
Finally, this week brings us a company with an uncanny ability to buy its own stock at irresistible prices: 

Matador Resources Co. (MTDR) 

This midcap oil and gas company has seen 12 separate directors and managers buy shares in the wake of third-quarter earnings. CEO Joseph Foran alone bought almost 15,000 shares for under $39. 

This is the kind of unusual money flow worth watching. In April 2025, Matador initiated its share repurchase program right before prices began recovering from America’s “Liberation Day” selloff. That period also coincided with a separate round of insider buying; some managers were sitting on 35% paper gains prior to the most recent selloff. 

Taking advantage of market volatility

And now, management is doing it again. 

There are three reasons to believe management is correct again in their purchases. 

First, Matador has a relatively attractive cost structure thanks to its concentrated acreage in West Texas’s Delaware Basin. Its primary sites are linked by 650 miles of pipelines, and lease operating expenses are roughly $5.75 per barrel. That figure is within striking distance of America’s lowest-cost producer, Diamondback Energy Inc. (FANG). 

In addition, Matador’s total operating expenses (which add depreciation, overheads, and taxes) are roughly $35 per barrel, not much higher than FANG’s $25 figure and in line with low-cost producer EOG Resources Inc. (EOG) before interest. 

Second, shares are relatively inexpensive compared to their underlying assets and profitability. MTDR trades at an industry-low 0.81X book value and 6.3X forward earnings, a roughly 20% to 35% discount to its larger peers. That gives Matador double-digit upside from a potential re-rating. 

Finally, Matador’s shares offer diversification from the high-priced tech market. The stock generates a healthy 4% dividend yield and saw prices rise 2% on Friday even as the tech-heavy Nasdaq Composite dropped 2%.  

If institutional cash begins pivoting into safer assets, Matador offers a compelling place to store cash. 

The Profit Surge Event 
The three trades I highlighted above demonstrate how insider transactions can signal significant gains to come. “Smart money” buyers possess more knowledge than average investors, and studies have consistently shown that insider buying is one of the best bull signals. 

Still, these sums are tiny compared to the millions (or billions) of dollars that institutional investors can pour into a firm. And when these dollars begin pouring in, that’s when you know that future gains are about to happen. 

So, once again, I urge you to sign up for tomorrow’s Profit Surge Event. Jonathan Rose will be explaining how he’s starting to see some incredible sums get passed through the market, and why this volatile rally could be unlike any seen before. 

Until next week, 

Thomas Yeung, CFA 

Market Analyst, InvestorPlace  

Thomas Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.

What happenedAccording to a filing with the Securities and Exchange Commission dated November 7, 2025, Hodges Capital Management Inc. increased its position in Genius Sports Limited (GENI +0.20%) during the third quarter. The fund reported holding 1,854,611 shares worth $22.96 million as of September 30, 2025, up from the prior quarter’s stake.

What else to knowThis was a buy; GENI now comprises 1.96% of the fund’s $1.17 billion in reportable assets under managementTop holdings after the filing:  NASDAQ:WULF: $43.23 million (3.7% of AUM)NASDAQ:NVDA: $39.05 million (3.4% of AUM)NYSE:UBER: $35.46 million (3.1% of AUM)NYSE:TPL: $33.58 million (2.9% of AUM)NYSE:CLF: $29.66 million (2.6% of AUM)As of November 6, 2025, shares were priced at $10.21, up 42.0% from a year earlier, outperforming the S&P 500 by 34.2 percentage points over the same periodCompany overviewMetricValuePrice (as of market close 2025-11-06)$10.21Market Capitalization$2.41 billionRevenue (TTM)$604.52 millionNet Income (TTM)($119.17 million)Company snapshotDevelops and sells technology-led products and services for sports leagues, sports betting operators, and sports media, including live data collection, streaming solutions, and integrity services.Generates revenue through the licensing of data feeds, streaming services, risk management, and digital marketing solutions to partners in the sports ecosystem.Serves sports leagues, betting operators, and digital publishers seeking real-time data, odds, and fan engagement tools.Genius Sports Limited is a leading provider of sports data technology and integrity solutions, operating at scale with a global client base. The company leverages proprietary technology to deliver real-time data, streaming, and analytics to sports leagues and betting operators, supporting both operational efficiency and regulatory compliance.

With a focus on innovation and data-driven services, Genius Sports positions itself as a critical partner for organizations seeking to commercialize sports content and enhance fan engagement through advanced digital platforms.

Foolish takeThe acquisition of 883,376 Genius Sports shares was one of the largest additions that Hodges made to its portfolio in the third quarter. That said, it isn't one of the largest holdings in the portfolio. It didn't land in the top five or the top 20.

Shares of Genius Sports had been having a terrific year. In late September, the stock was up by more than 50% in 2025. When the market closed on Nov. 7, 2025, though, the stock was down 24.5% from its previous peak.

Investors reacted poorly to a third-quarter earnings report that included a net loss of $28.8 million. In the previous year period, the company reported a gain of $12.5 million.

Genius Sports' top line has been growing by leaps and bounds. The company reported third-quarter sales that soared 38% year over year to $166.3 million. Management expects continued growth, at least on the top line. Revenue is expected to climb 28% this year to reach $655 million.

GlossaryAssets Under Management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.

13F: A quarterly report filed by institutional investment managers to disclose their equity holdings to the SEC.

Stake: The total ownership or interest an investor or fund holds in a particular company.

Outperforming: Achieving a higher return or growth rate compared to a benchmark, such as the S&P 500.

Proprietary Technology: Technology owned and developed by a company, not available for use by competitors.

Data Feeds: Streams of real-time or regularly updated information provided electronically, often used for financial or sports data.

Risk Management: The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Digital Marketing Solutions: Online tools and strategies used to promote products or services and engage customers.

Regulatory Compliance: Adhering to laws, regulations, and guidelines relevant to business operations.

Fan Engagement: Strategies and tools used to increase interaction and loyalty among sports fans.

TTM: The 12-month period ending with the most recent quarterly report.

On November 7, 2025, Bornite Capital Management LP disclosed a new position in Dycom (DY +1.23%), adding 150,000 shares valued at approximately $43.76 million.

Bornite Capital initiated a position of 150,000 shares for an estimated $43.76 million.The transaction represents 4.1% of Bornite Capital’s reportable U.S. equity assets under management.Bornite Capital's post-trade stake: 150,000 shares valued at $43.76 million.The stake size places Dycom outside the fund’s top five holdings.What happenedAccording to an SEC filing dated November 7, 2025, Bornite Capital Management LP established a new position in Dycom, acquiring 150,000 shares. The stake, valued at $43.76 million as of September 30, 2025, now accounts for 4.1% of the fund’s reportable U.S. equity assets.

This addition brings the fund’s total reportable holdings to 35 positions.

What else to knowThe new position in Dycom represents 4.1% of Bornite Capital’s reportable 13F assets under management.

Top holdings after the filing: 

ECL: $68.47 million (6.4% of AUM)GLW: $68.08 million (6.3% of AUM)TLN: $66.36 million (6.2% of AUM)PWR: $64.53 million (6.0% of AUM)CRS: $63.57 million (5.9% of AUM)As of November 6, 2025, Dycom shares were priced at $282.92, up 57.8% over the past year, outperforming the S&P 500 by 21.6 percentage points

Company overviewMetricValueRevenue (TTM)$4.99 billionNet income (TTM)$260.99 millionPrice (as of market close November 6, 2025)$282.92One-year price change57.8%Company snapshotDycom provides specialty contracting services including engineering, construction, installation, and maintenance of fiber optic, copper, and coaxial cable systems, as well as utility infrastructure solutions.It generates revenue primarily through project-based contracts with telecommunications and utility companies, offering both program management and field services for network deployment and maintenance.Main customers are major telecommunications providers, cable system operators, wireless carriers, and electric and gas utilities across the United States.Dycom is a leading provider of specialty contracting services to the telecommunications and utility sectors, operating at scale with nearly $5.0 billion in trailing twelve month revenue as of July 26, 2025.

The company leverages its expertise in network design, construction, and maintenance to support the expansion and modernization of critical infrastructure for large national clients.

Dycom's integrated service offerings and longstanding customer relationships position it as a key partner in the ongoing build-out of broadband and utility networks across the U.S.

Foolish takeEquity fund Bornite Capital taking a position in Dycom merits attention because it's a new holding, and the stake is substantial. Dycom may not be in the fund's top five holdings, but it's in the top ten.

Bornite Capital's purchase suggests the fund sees upside in Dycom, which is telling since the price was rising in Q3 when Bornite bought shares. The stock eventually reached a 52-week high of $301.88 on Oct. 16.

Dycom is a compelling investment. For starters, over $42 billion in federal funding was set aside for the expansion of broadband in the U.S., providing a tailwind for Dycom.

Moreover, Dycom had a stellar fiscal second quarter, ended July 26, with record contract revenue of $1.4 billion, up 14.5% year over year. This led to record net income of $97.5 million, a strong 42.5% year-over-year increase.

Dycom expects its fiscal 2026 revenue to increase by 12.5% to 15.4% year over year to a range between $5.3 billion to $5.4 billion. More growth may be coming in the years ahead as artificial intelligence leads to upgrades in telecommunications equipment.

As a result, Bornite Capital's significant stake makes sense. Dycom looks like a solid long-term investment thanks to the rise of AI.

GlossaryStake: The ownership interest or investment a fund or individual holds in a company.

Assets under management (AUM): The total market value of investments managed by a fund or investment firm.

Reportable holdings: Positions in securities that investment managers are required to disclose in regulatory filings.

13F assets: U.S. equity securities that institutional investment managers must report quarterly to the Securities and Exchange Commission (SEC) on Form 13F.

Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.

Specialty contracting services: Professional services focused on specific construction, engineering, or maintenance tasks, often for infrastructure projects.

Program management: Coordinating and overseeing multiple related projects to achieve strategic objectives for clients.

Field services: On-site work such as installation, repair, or maintenance performed at customer locations.

Network deployment: The process of building and activating telecommunications or utility infrastructure.

Utility infrastructure: Physical systems and facilities needed to deliver essential services like electricity, gas, or water.

Outperforming: Achieving a higher return or growth rate compared to a benchmark or index.

What happenedAccording to a filing with the U.S. Securities and Exchange Commission dated November 6, 2025, Skylands Capital, LLC increased its position in Kirby Corporation (KEX +1.30%) by 46,750 shares. The stake was valued at $8.77 million, with an estimated change of $2.15 million based on quarterly average prices.

What else to knowThis was a buy; the position now represents 1.21% of Skylands Capital’s 13F assets under management

Top holdings after the filing:

UNP: $53.03 million (7.3% of AUM)

GOOGL: $46.97 million (6.5% of AUM) as of September 30, 2025

GM: $29.31 million (4.1% of AUM) as of September 30, 2025

DBD: $27.75 million (3.8% of AUM) as of September 30, 2025

AAPL: $27.39 million (3.8% of AUM) as of September 30, 2025

As of November 5, 2025, shares of Kirby Corporation were priced at $106.25, down 9.2% over the past year, underperforming the S&P 500 by 26.8 percentage points

Company overviewMetricValueRevenue (TTM)$3.31 billionNet income (TTM)$305.58 millionPrice (as of market close November 5, 2025)$106.25One-year price change(9.2%)Company snapshotKirby Corp. focuses on marine transportation and diesel engine services

Operates a business model centered on transporting bulk liquid products and providing engine maintenance

Serves major petrochemical, refining, and agricultural companies, primarily in the United States

Kirby Corporation is a leading provider of marine transportation and diesel engine services, leveraging a diversified fleet and technical expertise to serve industrial customers requiring reliable bulk liquid transport and equipment maintenance.

Foolish takeSkylands Capital's increased investment in Kirby during the three months ended Sep. 30, 2025, probably worked out well for the firm and its investors. On Nov. 7, 2025, the stock was up by 29% from its price at the end of September.

Skylands Capital's bet on Kirby was a significant one, but it isn't a major component of its portfolio yet. Despite raising its Kirby stake by 80% in the third quarter, it was the firm's 23rd largest holding out of 163 in total.

A global trade environment hampered by new tariffs hasn't stopped Kirby's business from growing at a pace that investors appreciate. Third-quarter sales rose $40 million year over year, allowing its bottom line to expand. Earnings per share rose by 6% year over year.

Market fundamentals aren't helping its coastal marine segment outperform, but providing power to data centers has been a strong growth driver. In the third quarter, power generation revenue soared 56% year over year.

GlossaryStake: The ownership interest or investment a fund or individual holds in a particular company.

13F reportable assets: Assets that investment managers must disclose quarterly to the U.S. Securities and Exchange Commission if they manage over $100 million.

Assets under management (AUM): The total market value of investments managed by a fund or investment firm.

Top holdings: The largest investments in a fund's portfolio, usually by market value.

TTM: The 12-month period ending with the most recent quarterly report.

In Brief

Posted:

9:42 AM PST · November 9, 2025

Image Credits:Brian Heater

While Apple’s iPhone already supports texting, calling emergency services, and contacting roadside assistance via satellite connectivity, the company has many more satellite-powered features in the works, according to Bloomberg’s Mark Gurman.

In-development features reportedly include an API allowing app makers to support satellite connections in their own apps, a version of Apple Maps that allows users to navigate without a cell or WiFi connection, adding photos to messaging, and increased support for “natural usage,” allowing users to connect to a satellite even if their phone isn’t pointed directly at the sky.

All of these features would potentially increase the usability of iPhones when their owners are outside the range of traditional cell networks. Another potential upgrade, first reported by The Information, could improve 5G networks by allowing them to connect to satellites for increased coverage.

The basic features would be free, Gurman says, with customers paying carriers for more advanced support. In addition, Apple’s satellite partner Globalstar reportedly needs to improve its infrastructure to support these upgrades, which Apple is helping to finance.

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November 09, 2025 12:45 PM EST | Source: Robbins Geller Rudman & Dowd LLP
San Diego, California--(Newsfile Corp. - November 9, 2025) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN) common stock pursuant or traceable to the company's registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation ("Legacy Six Flags") with Cedar Fair, L.P. ("Cedar Fair"), and their subsidiaries and affiliates ("Merger"), have until January 5, 2026 to seek appointment as lead plaintiff of the Six Flags class action lawsuit. Captioned City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394 (N.D. Ohio), the Six Flags class action lawsuit charges Six Flags and certain top executive officers with violations of the Securities Act of 1933.

If you suffered substantial losses and wish to serve as lead plaintiff of the Six Flags class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-six-flags-entertainment-corporation-f-k-a-coppersteel-holdco-inc-class-action-lawsuit-fun.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Six Flags is an amusement park operator.

The Six Flags class action lawsuit alleges that the registration statement for the Merger failed to disclose that, notwithstanding its executives' claims that the company had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company's historical cost trends in order to maintain (let alone grow) Legacy Six Flags' share in the intensely competitive amusement park market. Additionally, after taking over as CEO in November 2021, defendant Selim Bassoul slashed employee headcount to cut costs, but in so doing had degraded the company's operational competence and guest experience. In short, at the time of the Merger, Legacy Six Flags required a massive, undisclosed capital infusion to turn the company around, and these acute capital needs undermined the entire rationale for the deal as portrayed in the registration statement.

On the Merger closing date, July 1, 2024, Six Flags stock traded above $55 per share. The price of Six Flags stock subsequently fell as low as $20 per share, a nearly 64% decline.

The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud. You can view a copy of the complaint by clicking here.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273632

Augusta, Georgia, Starbucks Coffee, Baristas at work making drinks. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)

Jeffrey Greenberg/Universal Images Group via Getty Images

Last week Starbucks announced that its coffee delivery business is now a $1.0 billion business. Yes, that’s right, $1.0 billion. With a “B.”

And, even more striking, in its most recent quarter, Starbucks also announced that said delivery business grew by a whopping 30%.

Now, some out there might be thinking, "Okay, that's interesting, but what's the big deal?" Well, the big deal is that the implications of this statistic go far beyond just selling coffee.

The Experience MythFor years, retail pundits have proclaimed that retail is all about the experience. The third place. The community gathering spot. The Instagram-worthy moment. And no company has been put up on the third place pedestal more than Starbucks. Heck, Starbucks is actually a big reason why the term “third place” exists in the first place.

Howard Schultz built an empire on the idea that Starbucks was never about just selling coffee. It was selling an experience, that place between home and work where you could feel like you belonged. And you know what? For a long time, that idea worked brilliantly.

Then, for whatever reason – mobile ordering, the pandemic, changing demographics, who knows – something changed because now, as evidenced by the $1.0 billion in coffee orders coming via delivery, there obviously is a large swath of Starbucks customers who potentially don’t give a damn about its coffee house experience.

MORE FOR YOU

To put $1.0 billion into perspective, Starbucks’ total worldwide annual revenue in fiscal 2025 was roughly $37.0 billion, so delivery is likely nothing to sneeze at, particularly in the U.S. Moreover, when Starbucks’ U.S. comp store sales growth was flat last quarter, 30% growth in delivery also represents a fundamental shift in how people want to interact with the brand.

The Billion-Dollar Wake-Up CallWith all that said, the $1.0 billion delivery announcement should serve as a wake-up call for CEO Brian Niccol’s turnaround strategy.

To date, Niccol has been up front and center about his plans and efforts to enliven the third place atmosphere of Starbucks. Niccol brought back elements like the condiment bar, set goals for coffee orders to be ready in four minutes or less, required new uniform standards, and also introduced ceramic mugs into the Starbucks operation. Starbucks has even gone so far as to tease a new “coffee house of the future” under Niccol’s tenure, while also announcing plans this past July to shut down all its remaining U.S. mobile order and pickup-only stores.

However, with 30% of all transactions already being made through Starbucks’ mobile app, combined with another billion dollars or so in delivery, it stands to reason that reenlivening the third place experience likely will not be enough to right the ship at Starbucks, for, with each passing day, it appears more and more people would prefer to just get their coffee and go.

Or said another way, the nostalgic business model of Starbucks’ past is long gone and is not likely to return anytime soon.

The Dark Cafe FutureAll of which begs the question – what should Niccol and Starbucks do?

Well, if they haven’t already, Niccol and Starbucks may soon discover that shutting down their mobile order pickup stores may not have been the wisest decision. Given the dynamics at play here, some type of “dark cafe” or “ghost cafe,” in which everything is automated for speed and efficiency likely needs to be part of the equation. Otherwise, no matter how many upgrades the coffee houses get to their mugs and decor, in-store patrons will still need to battle an ever increasing amount of mobile orders or, worse, third-party delivery drivers as they bump and elbow their way up to get their lattes.

Sure, maybe, the previous incarnation of the pickup-only stores wasn’t right but lord knows a new version of them needs to come back and also get marketed to the public. Will a new standalone prototype, set to debut in 2026, solve the issue? We can only hope because Starbucks needs to start thinking about a bifurcated strategy, with some locations optimized for the sit-and-sip crowd, while other locations get optimized for fulfillment, pure and simple.

It seems like the demand for a dark or dark-like cafe format is there, and it could be the case that Starbucks’ now shuttered attempts were not executed and marketed to the public as well as they needed to be.

The Omnichannel RealityWhat is most intriguing about the Starbucks conundrum is that retail nowadays is never one thing or the other. That’s the nuance here that is important to understand. Two things can be true at the same time, i.e. the customer’s desire for a great in-store experience and a great digital-first experience.

That is what omnichannel retailing is all about.

There are still people who want to sit in a Starbucks, work on their laptops, and meet friends for coffee. Those people aren't going away. But they're also not the whole market anymore, and nor are all the markets mutually exclusive. For example, a customer can be both – an in-store coffee lover and a mobile order fanatic. The beauty of omnichannel is that the customer decides what he or she wants to be on any given day of week, not Starbucks. Starbucks is the enabler.

The stores that are full of people waiting for mobile pickup orders and delivery drivers? Those stores are telling us something. They're telling us that the current infrastructure can't handle both experiences well.

So the answer isn't to choose one or the other. The answer is to build separate or redesigned infrastructure for the varying needs.

The Intentionality TrapFinally, there is a much bigger lens through which to view everything that came out of Starbucks’ announcement last week.

It all comes down to the idea of intentionality versus reactivity.

Right now, most retailers are still in reactive mode. They are adding delivery because everyone else has it. They are improving their apps because customers complain. They are investing in automation because labor costs are rising.

But the best of the best retailers? The intentional retailers? They're asking themselves: "What do my customers actually want five years from now? What trends are emerging that I need to place bets on today? And am I willing to cannibalize my existing business model to build the business model of the future?"

Those are the hard questions, really hard. Because answering them requires admitting that maybe the concepts on which one built his or her career, e.g. the beautiful stores, the carefully curated experiences, might not be what customers want anymore.

Why This Matters Beyond CoffeeStarbucks’ delivery statistics are emblematic of a fundamental shift in consumer behavior that's affecting every category of retail.

Starbucks is feeling a disproportionate impact because Starbucks was the first to jump feet first into the deep end of the pool on mobile-order innovation, and this very same impact will begin to hit other segments of the industry, too, if it is not already.

Look at grocery. The exact same dynamics are at play. Traditional supermarkets are losing younger customers to Walmart and Aldi not just because of price, but because those retailers have figured out how to deliver convenience at scale.

Look at apparel. The stores that are thriving are not necessarily the ones with the best in-store experience. They are the ones that have figured out seamless omnichannel, easy returns, and fast fulfillment.

The pattern is consistent across every category. Consumers are increasingly willing to trade "experience" for convenience, speed, and value in the choose your own adventure world of mobile-enabled commerce.

The Investment RealityBrian Niccol's strategy at Starbucks of focusing on store operations and employee satisfaction is the right starting point. You can't fix a broken foundation. But it's just the starting point.

We are heading toward a world where "Starbucks" means different things in different contexts. In some neighborhoods, it's still going to be that third place Howard Schultz envisioned. In other locations, it's going to be a fulfillment center that happens to have the Starbucks logo on it.

And you know what? That's okay. That's actually good. Because it means Starbucks is finally matching its operating model to what customers actually want, rather than what the company wishes they wanted.

The coffee shop experience isn't dead. It's just not what 100% drives the business anymore. The addiction is what drives the business. The product is what drives the business. The omnichannel convenience is what drives the business.

Starbucks' $1.0 billion delivery business, therefore, should not be viewed by anyone as a fun financial fact or a nice bonus tidbit, or as a pandemic hangover that's going to fade. It's a glimpse into the future of retail, a future where convenience trumps experience, where fulfillment infrastructure matters just as much and possibly more than store design, and where the retailers who adapt the fastest are going to be the ones who survive.

And, perhaps, just perhaps, Starbucks’ recent sale of a large portion of its stake in China will give Brian Niccol the capital he needs to make us all one day nostalgic for Starbucks again. Not the Starbucks of the past, mind you, but the Starbucks of the future.

The data center solutions provider is riding a massive wave of artificial intelligence (AI) adoption that has only just begun.

The advent of artificial intelligence (AI) roughly three years ago has almost single-handedly transformed the technology landscape. Most market watchers credit these innovations with fueling the current bull market and driving many semiconductor and AI-adjacent stocks to new heights. One such company is Broadcom (AVGO 1.84%).

Since early 2023, the chipmaker and infrastructure specialist has soared 530% (as of this writing), sending some skittish shareholders running for cover. Yet many experts believe the AI boom has just begun, and the runway ahead is long. This leaves many would-be investors with a conundrum: Is Broadcom stock still a buy, or has the train already left the station?

Let's review recent developments and attempt to predict what Broadcom's stock price will be by 2030.

Image source: Getty Images.

A strong foothold in the data center
While much of the focus on AI is on the chips used to ferry data through the ether, it's worth taking a step back for a minute so as not to miss the forest for the trees. The vast majority of AI processing takes place in data centers, which gives Broadcom an inherent advantage. The company supplies many of the cutting-edge Ethernet switches and networking solutions that are critical components in most data centers. Indeed, management notes that "99% of all internet traffic crosses through some type of Broadcom technology."

There's more. While graphics processing units (GPUs) quickly became the go-to solution for AI processing, operators are now seeking more economical alternatives. That's where Broadcom comes in. The company's application-specific integrated circuits (ASICs) can be customized for specific tasks, making them more energy-efficient for these computing chores.

Overall demand for data centers is expected to continue. Nvidia (NVDA +0.03%) CEO Jensen Huang estimates that data center spending will reach between $3 trillion and $4 trillion by 2030. Global management consulting firm McKinsey & Company is even more bullish, suggesting the data center buildout will reach $5.2 trillion worldwide by 2030, up tenfold from an estimated $500 billion in 2025. Much of that spending will be on semiconductors with the horsepower needed to power AI models and systems.

Nvidia is the market share leader with an estimated 92% share of the data center GPU market, according to IoT Analytics. That said, Melius Research analyst Ben Reitzes estimates that Broadcom will continue to erode Nvidia's market share, eventually controlling 30% of the market.

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A stunning possibility
Broadcom has been growing like wildfire in recent years, so it's easy to be bullish. But let's throw in some conservatism for good measure and run the numbers to see how it could play out.

Let's assume data center infrastructure spending climbs to $3 trillion by 2030 (the low end of the estimates). History shows that approximately 39% of data center spending is on AI-capable chips, or roughly $1.17 trillion. If Broadcom is successful in wresting 20% of the AI chip market from Nvidia within five years (below the analyst's 30% projection), that would work out to revenue of $234 billion annually by 2030, a 269% increase within five years.

Broadcom currently has a market cap of roughly $1.7 trillion (as of this writing) and has a forward price-to-sales (P/S) ratio of 27. Assuming its P/S remains constant, and if Broadcom were to generate $234 billion in revenue within five years (a big if), its stock price could jump 267% to $1,291 per share, pushing the company's market cap to $6.1 trillion.

The fine print
To be absolutely clear, this is purely fun with numbers and a thought experiment. Plenty of things will have to go right in order for Broadcom to reach these lofty heights, and reality isn't always obliging. Nvidia has a long history of innovation (as does Broadcom), and investors shouldn't expect the company to stand still while Broadcom steals its cheese.

In the meantime, the economic situation is far from stable, predictions about the adoption of AI could be too ambitious, or someone could invent a better mousetrap. Any one of these could change the rate of AI adoption. That said, even if these estimates regarding the data center buildout are directionally accurate, Broadcom stock could go much higher from here.

Finally, some investors might get hung up on Broadcom's valuation, and at 94 times earnings, that's understandable. However, the stock is selling for just 29 times next year's expected earnings -- which is much more palatable -- and it carries a price/earnings-to-growth (PEG) ratio of 0.4, when any number less than 1 is the standard for an undervalued stock.

Given the vast opportunity and Broadcom's inherent advantages in the space, I'd argue that's a fair price to pay for a company with such a long road ahead.

Global crypto exchange Binance has officially joined the Sei Network as a validator node, marking a major step in the blockchain's ongoing efforts to strengthen its infrastructure, security, and institutional credibility. The collaboration was confirmed through statements on both Sei's official blog and Binance's communication channels on November 7, 2025.

BTC rose to almost $104,000 minutes ago.

Bitcoin’s price experienced another uptick in the past few hours as the asset tapped $104,000 for the third time in the past week.

This one came after a rather interesting promise by US President Donald Trump, who said that many Americans, aside from high-income people, would get a dividend of at least $2,000 per person.

BREAKING: President Trump announces that he will be paying a “tariff dividend” of at least $2,000 per person.

Stimulus checks are officially back. pic.twitter.com/Dt4UgHVMrT

— The Kobeissi Letter (@KobeissiLetter) November 9, 2025

Trump’s promise came after he defended the tariffs against numerous nations that he imposed during his current presidential run. The US Supreme Court is currently hearing arguments on whether these tariffs are even legal, while multiple experts have spoken against them.

These dividends of at least $2,000 reminded of similar ‘free money checks’ that many Americans received – the stimulus sent during the first days of the COVID-19 pandemic. At the time, when countless businesses had to close temporarily and people were left without jobs, the US government began sending checks of $1,200 to people.

The ever-vigilant and vocal crypto community started to speculate whether these funds were used to purchase crypto, and many altcoins exploded shortly after, which intensified the rumors.

Interestingly, BTC’s price, alongside most altcoins, spiked in the past few hours after Trump made his announcements, which brought comparisons between the two events.

You may also like:

What Really Happened in the Crypto Market in October? Binance Offers Insights

Galaxy Research Slashes Bitcoin (BTC) 2025 Target to $120K Amid Market Turmoil

Bitcoin Dips Below $100K Again as Analyst Waves the White Flag – ‘See You in 4 Years’

For now, though, bitcoin jumped from under $102,000 to $104,000 within minutes, while ETH is up by more than 4% and trades above $3,500. ZEC continues to outperform following another 24% surge to $650. XMR follows suit with a 19% pump.

BTCUSD. Source: TradingView

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About the author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.

Cover image via U.Today

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.

The market is neither bullish nor bearish on the last day of the week, according to CoinStats.

SHIB chart by CoinStatsSHIB/USDThe price of SHIB has gone up by almost 2% over the last day.

Image by TradingViewOn the hourly chart, the rate of SHIB is trying to fix above the local resistance of $0.00000998. If it happens and the daily bar closes far from that mark, there is a chance to see a test of the $0.00001010-$0.00001020 range soon.

Image by TradingViewOn the bigger time frame, the situation is less bullish. One should pay attention to the candle closure in terms of the resistance of $0.00001069. While the price is below that mark, bears remain more powerful than bulls.

Image by TradingViewFrom the midterm point of view, the rate of SHIB has bounced off the support of $0.00000832.

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As neither bulls nor bears have seized the initiative so far, sideways trading around the current prices is the more likely scenario.

SHIB is trading at $0.0000099 at press time.

Bitcoin continues to consolidate just above the $100K mark after experiencing a sharp rejection from the $116K resistance. While volatility has cooled down, the structure is showing signs of potential weakness. Buyers have yet to show strong signs of re-entry, and with the recent flush in open interest, the market remains cautious.

Technical Analysis
By Shayan

The Daily Chart
On the daily timeframe, BTC has broken below both the 100-day and 200-day moving averages, located around the $110K mark, indicating that short-term momentum has shifted bearish. The price is currently hovering around the key $100K level, which acted as support during recent corrections.

The RSI is also sitting near 36, showing that the market is approaching oversold territory, but not quite there yet. There’s a risk of continuation lower if the buyers fail to defend this zone, with the next major support sitting around $95K. Overall, the daily structure looks heavy, and recovery above the $108K–$110K zone is needed to flip the outlook back to bullish.

The 4-Hour Chart
In the 4-hour timeframe, the market recently broke down from a rising wedge pattern and retested it as resistance before continuing lower. Momentum remains weak, and attempts to bounce from the $100K zone have failed so far.

The price is holding just above the $100K–$101K support block, but the structure remains fragile. Any loss of this level could lead to a fast drop toward the next demand area near $95K. The RSI on the 4H is also near 41, showing some room for further downside, though not aggressively oversold.

Sentiment Analysis
Open Interest
Open interest has taken a significant hit recently, dropping from above $45B to under $33B over the past few weeks. This wipeout reflects a broad de-leveraging, likely driven by liquidations of aggressive long positions. Such a reset often clears out froth, but the fact that OI hasn’t rebounded yet suggests traders are still risk-off.

The lack of fresh leverage entering the market implies that participants are waiting for clearer price action before re-engaging. This sentiment aligns with the choppy price behavior and shows a market still on edge despite technical support zones holding, for now.

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American Bitcoin, the Nasdaq-listed mining and treasury firm backed by Eric Trump and Donald Trump Jr., has raised its Bitcoin stash to 4,000 BTC, worth about $415 million, according to a company announcement released Friday.

The firm purchased nearly 170 BTC between October 24 and November 5, a haul valued at more than $14 million at current market rates.

American Bitcoin Boosts Holdings
Eric Trump, listed as co-founder and Chief Strategy Officer, said the company is growing its stock of Bitcoin through a mix of scaled mining operations and market purchases.

Source: Bitcointreasuries.net
Reports have disclosed that this size of accumulation puts American Bitcoin at about the 25th spot among corporate Bitcoin holders, based on data from Bitcointreasuries.net.

The Michael Saylor-led Strategy (formerly MicroStrategy) remains far ahead as the largest corporate holder with more than 641,000 BTC on its books, worth around $66 billion.

Trump-Linked Ventures Report Large Crypto Gains
Based on reports, members of the Trump family have collected roughly $1 billion in pre-tax gains over the last year from a range of crypto projects.

Those projects include memecoins such as TRUMP and MELANIA, which together reportedly brought in about $427 million, plus the WLFI token with about $550 million in gains.

BTCUSD currently trading at $102,901. Chart: TradingView
Reports also point to big outside backers. Chinese entrepreneur Justin Sun is reported to have invested $75 million in WLFI, while Abu Dhabi’s MGX fund is said to have provided $2 billion to Binance using the USD1 stablecoin. The family’s various ventures have pushed their combined crypto exposure into the multi-billion dollar range.

Mining Margins Squeeze Firms After Halving
Miners across the sector are feeling pressure after the 2024 Bitcoin halving cut block rewards from 6.25 BTC to 3.125 BTC.

That change tightened profit margins, forcing some operators to seek new revenue streams, including AI-focused computing services.

American Bitcoin’s model ties mining and treasury accumulation together, but the economics for smaller miners are getting tougher.

TRUMP MEDIA AND TECHNOLOGY GROUP HOLDS OVER $1 BILLION OF BITCOIN

Trump Media and Technology Group ($DJT) has disclosed holdings of over $1.3 Billion of BTC as of September 30th 2025.$DJT holds $BTC. pic.twitter.com/WzAIOnN29y

— Arkham (@arkham) November 8, 2025

Trump Media’s Holdings And The Broader Picture
Regulatory filings show that Trump Media and Technology Group now holds more than 11,500 BTC, worth over $1.3 billion, even as the company records heavy operating losses.

The concentration of Bitcoin across several Trump-linked businesses points to a deliberate strategy: treat Bitcoin as a reserve asset and a core part of several commercial efforts.

Bitcoin was trading at $102,175 at press time, up a meager 0.3% over 24 hours. That price sits about 15% below the all-time high of $126,000 reached in early October.

Featured image from Unsplash, chart from TradingView

Welcome to Slate Sunday, CryptoSlate’s weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto.

Michael Burry, the “Big Short” protagonist whose bet against the mortgage bubble made him a living legend, is back in the business of raining on parades. This time, instead of subprime debt, his sights are locked on Silicon Valley, specifically, the AI bubble he believes is about to pop.

This week, Burry’s hedge fund revealed a whopping $1.1 billion in put options against the AI titans Nvidia and Palantir. For those less versed in Wall Street lingo, that means Burry is betting that the stocks will… well, go splat.​

Why is this important? Because when Michael Burry thinks there’s a bubble, people listen (if not for investment advice, at least for the entertainment value). After all, for every housing-market Cassandra, there’s a hundred Chicken Littles. But Burry is no stranger to calling out absurd market exuberance (and making bank while doing it).

‘Bats*** crazy’ vs. billion-dollar bets: The Palantir perspectiveEnter Alex Karp, Palantir’s CEO, wielding a verbal flamethrower. Karp’s response to Burry’s big bet? The notion that anyone would short AI companies is utterly absurd. He retorted:

“The two companies he’s shorting are the ones making all the money, which is super weird.”

He didn’t stop there, doubling down:

“The idea that chips and ontology is what you want to short is bats*** crazy… He’s actually putting a short on AI.”

Palantir’s numbers do back up a certain bravado. The company upgraded full-year revenue forecasts after a record Q3 and posted 173% gains over the last year.

Yet Wall Street’s obsession with AI is a double-edged sword, and even as Palantir beats forecasts, its share price can tumble 8–10% in a single breath, all thanks to valuation jitters and the swirling specter of “AI bubble trouble.”​

Nvidia’s cycle: Virtuous or viscous?As for Nvidia, CEO Jensen Huang had his own take, downplaying investor fears.

“I don’t believe we’re in an AI bubble,” Huang asserted in a Bloomberg Television interview, immediately after announcing a slew of new partnerships and the company’s projection to generate half a trillion dollars in revenue.

Huang isn’t fazed by the bubble talk; he’s too busy selling the world’s hottest chips and projecting a multi-trillion-dollar industry. If anything, the Nvidia CEO believes the U.S. isn’t doing enough to develop AI, and its restrictive policy vis-à-vis China will ultimately hurt the world’s number-one superpower. He ruefully told reporters at the Financial Times’ Future of AI Summit on Wednesday:

“China is going to win the AI race… we need to be in China to win their developers. A policy that causes America to lose half of the world’s AI developers is not beneficial in the long term; it hurts us more.”

Still, if you peek under the hood, Nvidia’s stock (which has soared more than 50% this year) slipped 3–4% intraday on November 4, on news of Burry’s short.

And some investors remain jittery, especially with looming U.S. chip export restrictions to China and the trillion-dollar question: Is momentum fueling monstrous valuations, or is it genuine demand?

AI bubble mania meets reality: Trillions on the table, triggers everywhereLet’s zoom out. Nvidia just became the world’s first tech firm worth $5 trillion. That’s bigger than all the banks in the U.S. and Canada combined. The “Magnificent Seven” tech stocks (including Nvidia) now occupy a regal 35% of the S&P 500’s entire market cap.

AI investment has soared past $1 trillion a year, while consumer stocks like Kraft Heinz are getting trounced. As global capital markets expert, The Kobeissi Letter, pointed out:

“There are 2 US economies: Rich vs Poor, and AI is the lifeline of it all.”

Car repossessions are climbing. Wage growth is stalling. And Americans are carrying record levels of credit card debt, with interest rates hovering near historic peaks. Unless you count the influence of AI and data centers, America’s real economic growth is barely limping along, clocking in at just 0.01% according to Harvard economist Jason Furman.

Meanwhile, Wall Street’s top performers are running laps around Main Street, which is still struggling to catch its breath. The gap between winner-takes-all tech stocks and everyday households paints a pretty stark picture of today’s economy. If and when the AI bubble bursts, it’s going to hit like a Tyson left hook.

Macro analyst and goldbug Peter Schiff, never one to miss an opportunity to dunk on Bitcoin, is wholly pessimistic as ever. Not only does he believe that crypto is about to blow up, but he’s right up there with Burry on AI:

“The losses that will be suffered by Bitcoin HODLers and crypto investors will be staggering. More money will be lost in this bubble than was lost when the dot-com bubble popped. But if this signals an aversion to risk in general, look out for the even bigger AI bubble to burst.”

Yet the most poignant critic of the moment is Burry himself, betting 80% of his portfolio on the AI bubble. He mused to his audience on Twitter:

“Sometimes, we see bubbles. Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”​

Technicals, tension, and the trouble with timingIf the spectacle feels familiar, that’s because it is. In the dot-com era, pet-food websites with no earnings became household names, only to crash harder than a piano from a fourth-floor window.

Today, instead of dogs.com, it’s chips and data lakes; “chips and ontology,” as Karp jibes, with RSI readings above 70, price-to-earnings ratios exceeding 200 for Palantir, and price-to-book rocketing past 69. Nvidia and Palantir are riding a wave of profitability, but also expectations that would make a seasoned gambler sweat bullets.​

The sell-off that followed Burry’s disclosure was real: Palantir shares dropped nearly 9%, Nvidia shed over 3%, and the S&P 500 retreated alongside tech sector peers Oracle and Tesla. The sell-off bled into crypto as well, with Bitcoin briefly falling below $100,000 a coin for the first time since June.

CNBC reported Karp’s outrage, suggesting Burry’s actions were bordering on market manipulation as much as macro pessimism. He seethed:

“I think what is going on here is market manipulation. We delivered the best results anyone’s ever seen… I mean, these people, they claim to be ethical, but you know, they’re actually shorting one of the great businesses of the world.”

Big tech’s bubble or a decade of dominance?Meanwhile, OpenAI CEO Sam Altman has openly acknowledged that the AI market is likely in a bubble. He told reporters:

“Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes… When bubbles happen, smart people get overexcited about a kernel of truth.”

Still, he also argued that bubbles don’t kill revolutions, and sometimes they birth the next economy.​ Wall Street isn’t sure whether to clap or cringe. And Burry’s short has gotten them nervous.

Palantir, despite “otherworldly growth,” now has to deliver on 40–50% annual revenue expansion and 50% gross margins just to justify its price. The sector-wide rally is monumental, but a single tweet or earnings miss could knock out tens of billions in minutes.​

The punchline: Everything’s absurd; until it isn’tBurry’s bearishness, Karp’s swagger, Huang’s angst; the AI bubble debate is a masterclass in financial melodrama. Are we witnessing history rhyming, or is tech simply flexing its muscles in a world desperate for new growth drivers?

If you trust Burry’s gut, there’s pain ahead. If you prefer your tech with a heaping side of chips (the silicon kind), maybe this is just the beginning. Karp insisted:

“I do think this behavior is egregious, and I’m gonna be dancing around when he’s proven wrong.”​

Either way, bubbles are only obvious after they burst. Until then, thank Michael Burry for keeping the punch bowl spiked (and the market narrative anything but dull).

Ripple Labs closed a $500 million strategic funding round in 2025 at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities with participation from Brevan Howard, Marshall Wace, Pantera Capital, and Galaxy Digital.

This came on top of a $1 billion tender offer earlier in the year at the same valuation, providing early shareholders liquidity without the scrutiny of public markets.

The investor roster reads like a who’s-who of institutional capital deployment. These aren’t crypto venture funds making speculative bets on protocols, but rather multi-strategy firms and market makers managing hundreds of billions of dollars in traditional assets.

Their participation signals that something has shifted in how seriously the financial system views Ripple’s position.

At the same time, Ripple has been building aggressively. It acquired prime broker Hidden Road for approximately $1.25 billion, treasury platform GTreasury for roughly $1 billion, and stablecoin infrastructure firm Rail for $200 million.

It launched and scaled RLUSD, a fully reserved dollar stablecoin with a supply exceeding $1 billion, used for payments and as collateral.

It applied for a US national bank charter and a Federal Reserve master account to hold stablecoin reserves directly at the Fed.

And it formally closed its existential SEC battle with a $125 million penalty and an injunction limited to institutional XRP sales, preserving the crucial ruling that exchange-traded XRP is not itself a security.

This is now one of the most valuable private crypto companies on the planet, backed by top-tier traditional finance, and building a regulated dollar and infrastructure stack. The obvious question: does “bigger Ripple” automatically mean better outcomes for XRP?

The answer is more complicated than the headlines suggest.

Equity is not tokensThe first clarifying point matters more than any other: Fortress, Citadel Securities, and the rest did not buy XRP. They bought Ripple equity.

Equity holders have a claim on Ripple’s businesses, including stablecoin revenue, custody fees, prime brokerage operations, software licenses, payment processing, and any financial upside Ripple can derive from its XRP holdings.

XRP holders do not get a claim on Ripple’s profits, don’t receive dividends, and don’t participate in the company’s governance.

The tokens exist on a separate economic plane from the corporate structure.

The $40 billion valuation is a testament to traditional finance, which asserts that Ripple’s corporate stack is valuable in a world where the GENIUS Act provides regulatory clarity for stablecoins and banks can custody digital assets.

It is not a statement that XRP is worth more per coin tomorrow or that the token’s utility just expanded mechanically.

That distinction should anchor any expectations of what this funding round actually means for XRP holders. A bigger balance sheet for Ripple does not automatically translate to higher token prices or expanded use cases. It creates optionality, not inevitability.

The conditional upside caseThere are plausible channels through which a larger, better-capitalized Ripple could enhance XRP’s real-world utility, but each depends on execution choices the company has yet to make.

First, Ripple now has serious firepower to deepen financial rails where XRP could be integrated. More capital for liquidity programs, better integration of XRP into payment corridors, interoperability between RLUSD and XRP for multi-currency settlements, using its prime broker and custody stack to make XRP easier for institutions to hold and fund.

The bull case rests on the capital plus regulatory credibility translating into more institutional adoption of XRP as a liquidity asset in cross-border flows.

Second, the SEC cloud has lifted. The company cleared its existential regulatory overhang with a manageable settlement that preserves the key precedent that exchange-traded XRP is not a security.

That removes a barrier for US institutions that could not previously touch XRP due to its unregistered security risk. A de-risked issuer backed by marquee investors makes it easier for risk committees to at least consider XRP exposure alongside Bitcoin and Ethereum.

Third, owning Hidden Road and similar infrastructure assets gives Ripple direct influence over a piece of the institutional trading stack.

If Ripple chooses to route some of that flow through XRP for foreign exchange, collateral management, or liquidity provision, its infrastructure footprint could translate into non-trivial, utility-driven demand rather than purely speculative positioning.

All of that describes possibility, not mechanism. The funding round creates pathways Ripple can choose to pursue. It doesn’t mandate any specific outcome for XRP.

The strategic dilution riskThe more uncomfortable and most honest angle is that Ripple’s new strategy can also dilute XRP’s centrality to the business model.

Most of what investors are paying $40 billion for is Ripple’s position in stablecoins and regulated infrastructure, not XRP maximalism.

RLUSD is explicitly a dollar token, not a bridge asset. Its growth, backed by Treasury bills and bank-style oversight, integrated into Hidden Road, GTreasury, and Rail, represents a direct bet that institutions want on-chain dollars with yield and regulatory compliance.

That is a fundamentally different product from XRP’s original “bridge asset between fiat corridors” narrative.

The GENIUS Act framework and pursuit of a bank charter push Ripple to behave like a cautious, supervised financial institution.

In that world, RLUSD and custody fees are clean, regulator-approved revenue lines.

Promoting heavy XRP speculation or relying on continuous XRP sales becomes less attractive from both a political and a prudential supervision standpoint.

The more Ripple can generate revenue from stablecoin yield spread, payment processing, brokerage commissions, and software licensing, the less it needs XRP as a core revenue engine.

That’s good for Ripple’s long-term solvency and regulatory standing. It weakens the simplistic “XRP moons because Ripple succeeds” thesis.

There’s also the reality of supply overhang. Ripple still controls a massive XRP stash in escrow. A stronger balance sheet means less immediate pressure to sell into the market for operating capital, which is mildly supportive of price.

However, those holdings remain part of what equity investors value when they price the company at $40 billion.

The market knows those coins exist. The funding round doesn’t make them disappear or commit them to any specific use case.

The tension worth exploring is this: Ripple is evolving into a diversified, stablecoin-and-infrastructure firm whose success only partially overlaps with XRP’s original role.

The token was designed as a bridge asset to address liquidity issues in cross-border payments. The company is now building a comprehensive financial infrastructure that generates predictable fees from dollars, custody, and prime services. Those businesses don’t require XRP to work.

What the $40 billion actually signalsThe honest assessment requires separating what the funding round proves from what it implies.

It proves that some of the sharpest allocators in traditional finance believe in Ripple’s stablecoin, custody, and prime brokerage strategy in a post-GENIUS regulatory environment.

It confirms Ripple has institutional credibility and can access massive pools of capital without going public. It validates that the company weathered its regulatory battle and emerged with valuable businesses and regulatory clarity.

It does not prove that those businesses will drive XRP adoption. It does not guarantee Ripple will prioritize XRP integration over alternative revenue streams.

It does not eliminate the structural tension between what equity investors value, which is predictable, regulated financial services, and what token holders want, which is expanded utility and demand for XRP itself.

Whether “bigger Ripple” matters for XRP depends entirely on the choices the company makes with this capital and credibility.

Will Ripple use its $500 million and institutional backing to drive real transactional demand for XRP beyond speculative trading? Will it integrate XRP into its growing institutional stack in ways that stablecoins or plain dollars cannot match?

Or will RLUSD and dollar rails fully cannibalize XRP’s bridge-asset narrative, leaving the token as a legacy holding that pays for new initiatives but doesn’t participate in their upside?

Currently, the funding round primarily indicates that investors are enthusiastic about Ripple’s transition to a regulated dollar and its infrastructure. For XRP holders, that represents opportunity, not promise.

The company has more resources to build rails where XRP could matter, with more resources to build around it.

The $40 billion valuation is real. Whether it translates to XRP utility depends on the execution decisions that have yet to be made.

Mentioned in this article

Ethereum ( ETH) derivatives traders are back in full swing, with open interest, volume, and options activity all flashing signs of renewed energy across futures and options markets. ETH Max Pain Sits Near $3,300 as Traders Eye Key Expiry Levels At 10 a.m. Eastern time on Nov.

Cover image via U.Today

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.

Bitcoin-focused X account Documenting Bitcoin shared an email from Bitcoin's pseudonymous creator Satoshi Nakamoto with the subject "Bitcoin P2P e cash paper," dated Nov. 8, 2008, contained in the cryptographic mailing list. This email came eight days after the release of the Bitcoin white paper by Satoshi Nakamoto in 2008.

The Bitcoin white paper, "A Peer-to-Peer Electronic Cash System," was released Oct. 31, 2008, amid the global financial crisis. The nine-page document laid the foundation for what would become the world’s first cryptocurrency.

The white paper outlined a vision for a decentralized, peer-to-peer financial system built on cryptographic proof rather than trust in third-party intermediaries.

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Satoshi Nakamoto explains "difficulty adjustment"The email from Satoshi Nakamoto shared by Documenting Bitcoin, which dated November 2008, explains Bitcoin's difficulty adjustment.

Satoshi Nakamoto Explains ‘Difficulty Adjustment’

“As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoin,” pic.twitter.com/HTYXf7Y1CP

— Documenting ₿itcoin 📄 (@DocumentingBTC) November 8, 2025 A part of the email reads: "Increasing hardware speed is handled: to compensate for increasing hardware speed and varying interest in running node over time, the proof of work difficulty is determined by a moving average targeting an average number of blocks per hour. if they're generated too fast, the difficulty increases."

It continued: "As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoin."

Bitcoin market reset?Coinbase Institutional's report highlights significant leverage clearing from the crypto market after the Oct. 10 liquidation, suggesting a short-term bottom may have formed: "October’s sell-off wasn’t the end of the cycle—it may have been the reset it needed."

Based on options implied distribution, BTC price expectations for the next three to six months are between $90,000 and $160,000, with a bullish tilt. The report also cites Fed rate cuts, liquidity easing and new regulations as medium-term tailwinds, potentially extending the current cycle to 2026.

At the time of writing, BTC was up 1.02% in the last 24 hours to $103,228.

17h28 ▪
5
min read ▪ by
Mikaia A.

Summarize this article with:

The storm continues to rage on the crypto planet. Even the best-equipped vessels struggle to keep course. This time, it is XRP that takes the hit. Despite a torrent of prestigious announcements signed by Ripple – top-notch, heavy – the token falls 9% in one week. The Swell grand meeting was not enough to reassure. The crypto universe remains unpredictable, and technical signals are turning stormy. Behind the noise of conferences and fundraisings, some prefer to cash in their gains. Massively.

In brief

XRP drops despite Swell and announcements, confirming the tense climate shaking crypto.
Realized profit jumps 240%, betraying massive sales despite the bullish context.
Ripple raises 500 million, but the valuation seems mostly based on its XRP reserves.
A technical death cross alerts analysts: indicators remain clearly bearish for XRP.

Profit-taking on XRP: when the party is in full swing… but behind the scenes
Since the end of September, the price of XRP has dropped from $3.09 to $2.30, a fall of nearly 25%. So far, nothing crazy in the crypto world. But what intrigues analysts is the shape of the decline: during this drop, realized profits have exploded. According to Glassnode, the average volume of realized profit jumped from $65M to $220M per day, a leap of +240%. A counter-trend.

The tweet from @glassnode is clear: “Unlike previous waves of profit realization which coincided with rises, since the end of September, while XRP dropped from $3.09 (about -25%) to $2.30, the volume of realized profits (7-day moving average) jumped about 240%, from 65 million dollars per day to 220 million per day“.

This pattern signals a loss of adhesion, a psychological loosening. And yet, Ripple gave it all: partnership announcements with Mastercard, acquisition of Palisade, $500M raised with the cream of global investment. Even Nasdaq was present at Swell. But the market seems to be waiting… for a sign of life.

The Ripple jackpot? A fundraising with two interpretations
Ripple announced a $500M raise at a valuation of $40 billion. This jackpot, brought by giants like Citadel Securities, Galaxy Digital, or Brevan Howard, marks one of the largest financings of the year. On paper, everything looks perfect: Ripple stacks acquisitions (Hidden Road, Palisade, Rail), develops its stablecoin RLUSD, and aims to dominate the institutional crypto segment.

But a question arises: what exactly did these investors buy? The Unchained article reminds us that Ripple holds 34.76 billion XRP tokens, more than $80 billion at the current price. The XRP Ledger generates less than $200,000 in monthly fees, according to cited figures.

An anonymous investor interviewed by Unchained confides:

Ripple’s equity probably isn’t worth much by itself, certainly not 40 billion dollars.

This comment, reported without filter, suggests that some are not buying a tech company, but privileged access to a strategic stock of tokens. In other words: a financing operation… disguised as arbitrage?

Crypto struggling, XRP against the trend: signals turn red
XRP is not alone in experiencing a sudden winter. Bitcoin saw $946M outflows in institutional products. On Monday, November 4, $578M fled Bitcoin ETFs. Yet, some altcoins are standing out: Solana attracted $421M, Ethereum more than $57M, and XRP, despite its slide, $43.2M. This positive flow seems fragile in front of a worrying technical analysis.

The figure of the moment is called death cross: the bearish crossover of moving averages. As summarized by U.Today, XRP saw its 50-day MA cross below the 200-day MA, reinforcing a long-term bearish pattern. The RSI flirts with 40, a sign of prolonged weakness. Resistance at $2.50 was violently rejected, without the market showing signs of recovery.

The death cross signals a reversal of long-term momentum. Recent recovery attempts may just be market rebounds. The most likely path remains downward.

The figures that sketch the current picture

XRP at time of writing: $2.31;
+240% on realized profit volume according to Glassnode;
$500M raised by Ripple at $40 billion valuation;
$43.2M inflows for XRP in institutional products;
Death cross confirmed, RSI around 40.

Another piece of news, flying under the radar, is worth a look: Ripple has given up going public. After its victory against the SEC, the path seemed open. Yet, the company decided not to attempt the public markets adventure. A strategic choice, revealing an uncertain climate. Will XRP be able to win hearts again without this symbolic step? Nothing is less sure.

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Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

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.

The cryptocurrency market faces a tense moment as XRP approaches a crucial technical event known as the death cross — a pattern often viewed as a harbinger of bearish trends. After a sharp weekly drop of more than 15%, XRP's momentum has weakened, leaving traders on edge and prompting discussions about whether this could signal a long-term decline or a potential accumulation opportunity.

Journalist

Posted: November 9, 2025

Key Takeaways
Is Bitcoin nearing a bottom?
Analyst Burak Kesmeci’s Realized Price Gradient Oscillator dropped to -1.27 STDV, a level that historically preceded trend reversals.

What’s holding BTC back?
Spot Taker CVD stayed red, Exchange Whale Ratio hit 0.59, and Open Interest rose—showing sellers’ dominance despite rebound signals.

Since hitting $116,000 at the end of October, Bitcoin [BTC] has dropped below $100k three times. At press time, BTC traded at $101,839, down 8% on the weekly chart — evidence of persistent bearish pressure.

Amid this market downslide, crypto analysts have debated heavily on Bitcoin’s futures trajectory. One of them is CryptoQuant analyst Burak Kesmeci, who believes the correction phase may be nearing its end, hinting at a potential recovery.

Oscillator suggests cooldown phase maturing
According to Burak Kesmeci, Bitcoin’s correction phase may be coming to an end.

Kesmeci’s analysis showed the 90-Day Realized Price Gradient Oscillator fell to a -1.27 STDV level. Historically, when this metric dropped below -1 STDV, Bitcoin often reversed upward.

Source: CryptoQuant

The dip indicated an extreme cooldown, with the correction phase nearing completion and BTC hinting at recovery.

For example, this metric has dropped to these levels before. The first instance saw BTC rise from $82k to $110k, and the second instance saw BTC jump from $108k to $124k. 

Therefore, if historical patterns are anything to go by, these levels are a sign of local bottoms and a rebound could be in sight. 

Spot traders remain seller-dominant
Although Kesmeci observed a potential market recovery signal, Bitcoin’s structure remained overly bearish. As such, the Spot market stagnated with increased sell-side activity leading to overreliance on derivatives. 

Spot Taker CVD has stayed red throughout the past week, showing consistent sell dominance. Sellers appear to be locking in profits or exiting positions to limit losses.

Source: CryptoQuant

Meanwhile, the Exchange Whale Ratio climbed to 0.59 at press time, its highest in three weeks — implying whales have been depositing BTC on exchanges, a move that often precedes large selloffs.

Source: CryptoQuant

On the Derivatives side, Funding Rates stayed positive while Open Interest increased by $700 million, rising from $33.6 billion to $34.3 billion.

Source: CryptoQuant

When OI rises and the Funding Rates remain positive while Spot is selling, it signals an unstable market structure driven by leverage.

Thus, leverage traders had been actively fighting Spot pressure, which is often a warning signal of a downtrend continuation or a possible liquidation event.

BTC at crossroads
According to AMBCrypto, Bitcoin remained stuck amid bearish sentiment, especially from whales, in the spot market.

The Spot market showed clear bearish sentiment, while Derivatives activity reflected optimism from leveraged traders.

If bearishness persists, BTC could retest $98K. But if the Realized Price Gradient Oscillator again triggers a reversal, a short-term bounce toward $107,456 remains possible.

Here's what Kiyosaki is buying and selling as he prepares for a big market crash.

The author of the bestseller Rich Dad, Poor Dad is back with his prognosis of a major market crash affecting numerous financial fields. Consequently, he outlined his strategy that involves purchasing certain assets and disposing of others.

Additionally, Kiyosaki set some big price targets for his two favorite cryptocurrencies, which are also the two largest by market cap.

Gold, Silver First
The prominent author and investor has been advocating for BTC for years, but he has only recently added ETH to his portfolio. Before that, he was a big proponent of the two largest precious metals – gold and silver. Kiyosaki has also been warning about an impending market crash, particularly for stocks, which he believes are significantly overvalued.

In his latest tweet on the matter, he outlined gold as his first choice for a hedge against market uncertainty. His target for the precious metal is at $27,000, which he got from popular gold bug Jim Rickards. It’s worth noting that the yellow metal had a spectacular year, set numerous new all-time highs, but it’s still far below that level at $4,000/oz as of Friday’s close.

After disclosing that he owns silver (as well as gold) mines, he noted that his price target for the former is $100 in 2026.

CRASH COMING: Why I am buying not selling.

My target price for Gold is $27k. I got this price from friend Jim Rickards….and I own two goldmines.

I began buying gold in 1971….the year Nixon took gold from the US Dollar.

Nixon violated Greshams Law, which states “When fake…

— Robert Kiyosaki (@theRealKiyosaki) November 9, 2025

$250K BTC, $60K ETH
When it came to posting predictions about the two biggest cryptocurrencies, Kiyosaki seems to believe that ETH has more substantial room for growth. His target for BTC, which is at $250K, would require a more modest 150% surge from the current levels.

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At the same time, ETH trades at around $3,500 as of now, while skyrocketing to $60,000, which he believes is achievable, would be a tough challenge. The asset would need to jump by more than 1,600%.

What’s even more interesting is that if both of these crypto targets are reached, ETH would be the number one digital asset by market cap, as its own would be north of $7.2 trillion (given the current circulating supply). In contrast, BTC’s market cap would be around $5 trillion.

Tags:

BETHESDA, Md. , Nov. 9, 2025 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that its licensing agreement with Sonder Holdings Inc. (NASDAQ: SOND, "Sonder") was no longer in effect due to Sonder's default.

The story in 2025 is that of end-market normalization and signs of improving momentum as the business nears a critical pivot. Revenue growth is expected to resume in the current quarter, and there is reason to believe demand trends will improve over time.

The abrdn Physical Silver Shares ETF and iShares Silver Trust both track silver prices closely but one is cheaper than the other, and that could make a difference to returns.

Comparing the abrdn Physical Silver Shares ETF (NYSEMKT:SIVR) and the iShares Silver Trust (NYSEMKT:SLV) means weighing two of the largest physical silver exchange-traded funds (ETFs) available.

Both are designed to reflect silver’s spot price, offering a simpler alternative to direct metal ownership. But the two ETFs differ in fees, fund size, and trading characteristics. SIVR is lower cost, while SLV offers deeper liquidity.

Here’s how these two funds stack up for investors seeking silver exposure.

Snapshot (cost & size)MetricSIVRSLVIssuerAberdeen GroupISharesExpense ratio0.30%0.50%1-yr return (as of Oct. 28, 2025)39.4%39.0%Beta (5 year monthly)1.391.39AUM$3 billion$22.7 billionBeta measures price volatility relative to the S&P 500; figures use five-year weekly returns.

SIVR is more affordable, with a 0.30% expense ratio versus SLV’s 0.50% (as reported by Financial Modeling Prep). That fee gap could matter for cost-conscious buy-and-hold investors, though both funds are relatively low-cost options in the commodity ETF space.

Performance & risk comparisonMetricSIVRSLVMax drawdown (5 y)-38.61%-38.79%Growth of $1,000 over 5 years$1,988$1,967What's insideiShares Silver Trust is a nearly two-decade-old fund with over $22 billion in assets under management (AUM). It is designed to track silver’s price and is one of the largest, most liquid silver ETFs globally.

The abrdn Physical Silver Shares ETF, launched in 2009, pursues the same goal as SLV -- hold physical silver bullion to offer exposure to silver prices. Its $3 billion in assets, however, is substantially lower than SLV's. Its lack of quirks means a straightforward approach to physical silver exposure, similar to SLV. Neither fund pays a dividend.

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

Foolish takeSilver is a precious metal like gold, and both metals are considered a hedge against economic uncertainty and inflation. That aside, there’s one big difference between gold and silver. While gold is primarily used for jewelry, silver has extensive industrial applications because of its high electrical conductivity. In fact, almost 60% of the global demand for silver comes from the industrials sector, especially electricals and electronics industries. Semiconductors, touch screens, circuit boards, photovoltaic solar cells, jet engine bearings, and electric vehicles are some of biggest end use cases for silver metal.

Investors seeking exposure to silver can buy physical silver, silver stocks, or silver futures, but one of the best ways to invest in silver is through silver ETFs that may provide exposure to either direct silver or silver stocks, or a mix of the two. The abrdn Physical Silver Shares ETF and iShares Silver Trust hold physical silver and, therefore provide direct exposure to the metal and its price. The price performances of the two ETFs closely mirror each other.

SLV data by YCharts

Between the two ETFs though, the abrdn Physical Silver Shares ETF’s lower expense ratio of 0.30% versus the iShares Silver Trust’s ratio of 0.50% makes it a cheaper bet and can make a considerable difference in your total returns in the long term. That’s because for every $1,000 you invest in the two ETFs, you pay only $3 per year towards SIVR fund’s expenses versus $5 a year for SLV.

GlossaryETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding assets like stocks, bonds, or commodities.
Expense ratio: The annual fee, as a percentage of assets, that a fund charges to cover operating costs.
Assets Under Management (AUM): The total market value of assets that a fund manages on behalf of investors.
Liquidity: How easily an asset or security can be bought or sold in the market without affecting its price.
Spot price: The current market price at which a commodity, like silver, can be bought or sold for immediate delivery.
Beta: A measure of an investment's volatility compared to the overall market, typically the S&P 500.
Max drawdown: The largest percentage drop from a fund's peak value to its lowest point over a specific period.
Physical silver exposure: Investment approach where a fund holds actual silver bullion to track silver prices.
Trading spread: The difference between the bid and ask prices for a security, reflecting transaction costs and liquidity.
Dividend: A payment made by a company or fund to its shareholders, usually from profits. Not all funds pay dividends.

November 09, 2025 10:32 AM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 9, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of agilon health, inc. (NYSE: AGL) resulting from allegations that agilon health may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased agilon health 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=46039 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 August 4, 2025, agilon health issued a press release entitled "agilon health Reports Second Quarter 2025 Results." Commenting on the results, agilon health's Executive Chair stated that "as we progressed through this transition year, it's become clear that the industry headwinds are more acute than previously expected[.]" Further, the release announced that the company was "suspending its previously issued full-year 2025 financial guidance and related assumptions."

On this news, agilon health's stock fell 51.5% on August 5, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273684