Market Signal Briefing

3 mins mins

Key Points:

Unconfirmed reports of Polymarket integrating with Jupiter on Solana.Lack of official Jupiter statements raises doubts.Potential impact on Solana ecosystem remains speculative. Jupiter recently indicated on the X platform that it will incorporate Polymarket into its Solana-based app, potentially enhancing its prediction market features.

The integration could elevate Jupiter’s standing in decentralized finance on Solana, though confirmation from primary sources remains pending, leaving the true market impact unclear.

Unverified Integration Fuels Solana Market Speculation Reports circulated about Jupiter allegedly integrating Polymarket, a decentralized prediction market, boosting its services on Solana. The claim originated from secondary sources without a direct link to any official Jupiter communication channels, sparking skepticism among the crypto community. No leadership statements or direct confirmation from Jupiter reinforces these doubts.

Amid these discussions, the immediate implications remain speculative. Without official backing, the claimed integration’s potential effect on the Solana ecosystem, including potential routing of prediction market volumes, stays uncertain. Reports lacked clear data on fund allocation, governance impacts, or developer involvement in this alleged move.

BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.

“It appears that you are looking for verified quotes related to the integration of Polymarket into Jupiter’s app, but the request is complicated by a lack of primary sources. Since there are no quotes available from official channels or key personnel, it’s important to note that the following items will be presented as examples of how to format quotes based on hypothetical scenarios.” — Example Formatting Solana Price Drops Amidst Jupiter-Polymarket Rumors Did you know? Unconfirmed reports can cause temporary market volatility, demonstrating how transparency in communication from key players ensures stability in emerging technologies like blockchain.

Solana’s (SOL) market position reflects a decline as of February 1, 2026, with its price at $102.00 per CoinMarketCap. The platform’s market dominance stands at 2.22%. Solana has experienced a downward trend, with 7-day and 30-day performance down by 13.85% and 23.10%, respectively, underscoring the overall bearish sentiment amid these unverified claims impacting its ecosystem.

Solana(SOL), daily chart, screenshot on CoinMarketCap at 22:39 UTC on February 1, 2026. Source: CoinMarketCap Coincu research team insights suggest if the integration is confirmed, it could bolster Solana’s appeal in the decentralized finance sector. However, official statements are crucial for assessing true market implications. Analysis implies the need for careful examination of future communications to avoid unwarranted market movements.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Rate this post

Stock futures fell on Sunday night as Wall Street begins a new month of trading, with traders keeping an eye on bitcoin after a weekend sell-off.

Ripple is confronting unresolved crypto fault lines as CTO Emeritus David Schwartz warns that revived early disputes — including Jeffrey Epstein's behind-the-scenes involvement — expose deeper structural weaknesses still influencing trust, governance, and industry cohesion.

Bitcoin’s price dropped sharply over the weekend, falling below the $78,000 mark for the first time since April, as profit-taking met thin liquidity and a lack of new buyers. The sudden downturn has reignited bearish sentiment across the crypto market, with traders warning that the rally which previously lifted prices may have lost its momentum.

Market participants told CoinDesk that earlier strength, largely fueled by institutional demand and corporate bitcoin accumulation—particularly purchases linked to Strategy (MSTR)—has faded. With that support weakening, bitcoin has become increasingly exposed to forced selling, margin calls, and derivatives liquidations, amplifying downside pressure.

Several analysts believe the weekend’s decline is not an isolated event but part of a broader bearish trend that has been forming for months. Eric Crown, a former NYSE Arca options trader and widely followed crypto commentator, has consistently argued since late October that bitcoin is stuck in a sideways-to-downward phase. According to Crown, expectations of a quick return to all-time highs or a renewed rotation from metals into crypto represent misplaced optimism among bullish traders.

Crown points to multiple technical indicators reinforcing this cautious outlook. The monthly MACD crossed downward in November, a rare signal historically associated with extended corrections. At the same time, the weekly 21- and 55-period exponential moving averages have turned bearish, a setup that has often preceded multi-month declines. Adding to concerns, bitcoin’s yearly chart closed with a “shooting star” candlestick pattern, typically interpreted as a medium-term reversal signal.

Derivatives markets are echoing this sentiment. Options traders are increasingly positioning for further downside, with heavy interest building around the $75,000 level. On Deribit, the notional value of open interest in $75,000 put options has climbed to roughly $1.159 billion, nearly matching the $1.168 billion tied to $100,000 call options. This shift highlights waning confidence in near-term upside and growing expectations of a deeper pullback.

Bitcoin has also diverged from traditional risk assets since October, declining even as equities remained resilient. Crown views this as classic late-cycle behavior, where investors first exit more speculative assets. While not calling for a full market collapse, he suggests bitcoin could eventually revisit the mid-$50,000 to low-$60,000 range before stabilizing. Notably, he sees that zone as a potential long-term accumulation opportunity rather than the end of the broader crypto cycle.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

MicroStrategy, the enterprise software company that reinvented itself as a Bitcoin treasury leader, has once again hinted at expanding its already massive exposure to the world’s largest cryptocurrency. On Sunday, Executive Chairman Michael Saylor posted a familiar teaser on X, sharing a graphic captioned “More Orange,” a phrase he has repeatedly used ahead of new Bitcoin purchases. The signal comes at a critical moment, as the firm’s $55 billion Bitcoin stockpile sits only slightly above its average acquisition price.

The company recently celebrated 2,000 days since adopting its so-called “Bitcoin Standard,” underscoring its long-term commitment to BTC as a core treasury asset. However, this potential next buying phase arrives as MicroStrategy faces one of its most challenging market tests in recent months. The firm currently holds 712,647 BTC, acquired at an average price of $76,037 per coin. With Bitcoin trading near $78,000, well below last year’s six-figure highs, MicroStrategy’s unrealized gains have narrowed to under 3%.

To finance additional Bitcoin purchases, the company has turned again to capital markets. It announced a 25 basis point increase in the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), lifting the yield to 11.25% through February 2026. This elevated payout stands well above traditional corporate bond yields, highlighting both investor risk appetite and the volatility inherent in MicroStrategy’s Bitcoin-focused strategy.

STRC is a variable-rate instrument and part of a broader fixed-income lineup that includes products such as Strike, Stride, and Strife. These offerings have become the backbone of the company’s fundraising efforts. Since STRC launched in November, proceeds from sales have reportedly funded the purchase of more than 27,000 BTC, according to market data.

Despite this success, critics argue that the high dividend obligations could pressure cash flow, especially if Bitcoin prices stagnate or fall below the firm’s $76,000 breakeven level. Still, MicroStrategy appears unfazed. With billions of dollars remaining under its at-the-market programs and Saylor continuing to signal confidence, the company’s strategy remains clear: when volatility strikes, buy more Bitcoin.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

AKRE is a concentrated ETF emphasizing high-quality U.S. equities and disciplined stock selection.

Affiance Financial initiated a new position in the Akre Focus ETF (AKRE +0.00%), acquiring 656,658 shares in the fourth quarter, with an estimated transaction value of $43.02 million based on quarterly average pricing, according to a January 21, 2026, filing.

What happenedAccording to an SEC filing dated January 21, 2026, Affiance Financial disclosed a new position in the Akre Focus ETF, buying 656,658 shares. The estimated transaction value was $43.02 million, calculated using the average closing price in the quarter. The firm held no shares in the prior period. The quarter-end value of the position increased by $43.02 million, reflecting both the purchase and price movement.

What else to knowThis was a new position for Affiance Financial, representing 6.92% of its 13F reportable assets under management as of December 31, 2025. Top holdings after the filing:NYSEMKT:VOO: $124.11 million (20.0% of AUM)NYSEMKT:AGG: $89.66 million (14.4% of AUM)NYSEMKT:VTI: $69.53 million (11.2% of AUM)NYSEMKT:AKRE: $43.0 billion (6.9% of AUM)NYSEMKT:VEA: $33.80 million (5.4% of AUM)As of January 21, 2026, shares of Akre Focus ETF were priced at $61.41, 8.83% below the 52-week high. Company overviewMetricValuePrice (as of market close January 21, 2026)$61.41Net assets $9.37 billionSectorFinancial ServicesIndustryAsset Management

NYSE: AKREProfessionally Managed Portfolios - Akre Focus ETF

Today's Change

(

0.00

%) $

0.00

Current Price

$

0.00

Company snapshotOffers a diversified ETF investing in U.S. equities, preferred stocks, and equity-like instruments, with flexibility to include select foreign securities and alternative assets.Employs a fundamental, quality-focused investment approach targeting companies with high returns on capital, strong management, and reinvestment opportunities, generating revenue primarily from fund management fees and investment returns.Serves institutional and individual investors seeking exposure to a concentrated portfolio of high-quality businesses through a single, professionally managed ETF.Akre Focus ETF pursues long-term capital appreciation by investing in a concentrated portfolio of U.S. and select international equities, emphasizing business quality and sustainable growth. The fund's disciplined investment process and flexible mandate allow it to identify and hold companies with robust fundamentals and attractive reinvestment prospects. Its competitive advantage lies in its rigorous stock selection and ability to adapt allocations across various equity and equity-like instruments to optimize risk-adjusted returns.

What this transaction means for investorsAffiance Financial's new position in the Akre Focus ETF reveals a strategic tilt toward concentrated active management within an otherwise index-heavy portfolio. The firm's top five holdings tell the story: Broad market index funds VOO, AGG, and VTI dominate the first three spots, accounting for nearly half of total assets, while AKRE now sits at number four, representing around 7% of the portfolio.

The Akre ETF holds just 20 stocks selected using its namesake Chuck Akre's "Three-Legged Stool" approach, seeking businesses with durable competitive advantages, exceptional management, and strong reinvestment opportunities. Top holdings include Mastercard, Brookfield, and Visa, with the fund's concentrated bet on quality growth charging a steep 0.98% expense ratio—typical for actively managed funds but much more than what you'd pay for a fund like VOO.

AKRE works best for investors who believe active management can beat the market and are comfortable with concentration risk. When just 20 stocks determine your returns, volatility runs higher than broad index funds. The hefty fee means the fund needs to significantly outperform to justify the cost, making this better suited for patient, long-term investors rather than those seeking diversification or cost efficiency.

Sara Appino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield, Brookfield Corporation, Mastercard, Vanguard FTSE Developed Markets ETF, Vanguard S&P 500 ETF, Vanguard Total Stock Market ETF, and Visa. The Motley Fool has a disclosure policy.

AI infrastructure spending could eclipse $500 billion this year.

While some investors tend to index on names like Nvidia and Advanced Micro Devices, Wall Street is increasingly building a bullish narrative around another semiconductor leader: Broadcom (AVGO +0.17%).

As cloud hyperscalers continue to increase their capital expenditure (capex) budgets, Broadcom is quietly becoming a key enabler of the AI infrastructure revolution. Let's dive into how Broadcom is swiftly emerging as an important player powering the ongoing data center buildout boom.

Image source: Getty Images.

Broadcom is the nervous system for AI data centers Broadcom's primary role within AI data centers revolves around its high-performance networking gear. As AI applications evolve into more complex utilities beyond chatbots, compute capacity is no longer the single biggest bottleneck straining workloads.

Rather, the means by which data flows between graphics processing units (GPUs), servers, and storage systems is becoming a mission-critical issue. Broadcom's position along the AI chip value chain sits squarely between switching and networking silicon. Broadcom's Ethernet and switching equipment help move massive data sets with low latency.

As AI workloads scale, Broadcom is uniquely positioned to complement existing GPU clusters within broader data center architectures. In essence, Broadcom collects a royalty as AI infrastructure buildouts accelerate, regardless of which compute architecture is preferred.

Today's Change

(

0.17

%) $

0.57

Current Price

$

331.30

Hyperscale workloads are transitioning to custom silicon One of the lesser-talked-about topics with hyperscalers is that cloud providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, are trying to identify ways to lower their overall cost of compute while also gaining greater control over their AI stack.

As part of this performance optimization strategy, many developers are beginning to design their own custom application-specific integrated circuits (ASICs). Broadcom currently works with Meta Platforms, Apple, ByteDance, and Alphabet on custom silicon solutions.

Broadcom's ability to design sophisticated, high-volume processing custom chips allows the company to acquire incremental market share from general-purpose GPU suppliers. Importantly, this transition to complement custom silicon with existing GPU clusters is not a fleeting decision.

Rather, Broadcom is quietly becoming more deeply embedded within multiyear hyperscale infrastructure playbooks. In other words, Broadcom's custom silicon relationships should scale alongside big tech's rapidly expanding compute needs.

From Wall Street's point of view, Broadcom's business is becoming evermore tied to secular tailwinds fueling AI infrastructure, as opposed to less predictable, cyclical hardware upgrades.

The capex supercycle is a multiyear tailwind According to industry data compiled by FactSet Research, big tech is forecast to spend at least $500 billion on AI capex this year. Taking this a step further, McKinsey & Company suggests that a grand sum of $6.7 trillion will be spent on AI infrastructure through 2030 -- with the largest component allocated to serving AI workloads.

This drives home the point that, as AI model training and inference deployment accelerate, GPUs and AI accelerators are not the only pieces of hardware positioned for explosive growth. Broadcom has a unique ability to monetize the current capex supercycle, given its exposure to networking, interconnects, storage, and custom silicon.

This optionality gives Broadcom a structural advantage across various pockets of the AI chip ecosystem in relation to its peers. While it may not fetch as much attention as its counterparts, Broadcom is positioned to generate robust, compounding growth throughout the AI infrastructure era.

To me, Broadcom is a compelling buy-and-hold opportunity for investors seeking durable growth beyond the obvious AI stocks.

Adam Spatacco has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, FactSet Research Systems, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

FS Credit Opportunities Corp. is a closed-end fund specializing in global credit investments and event-driven strategies.

Matisse Capital initiated a new position in FS Credit Opportunities Corp. (FSCO 0.82%) during the fourth quarter, buying 897,918 shares in a trade estimated at $5.66 million, according to a January 29 SEC filing.

What happenedAccording to a SEC filing dated January 29, Matisse Capital disclosed a new position in FS Credit Opportunities Corp. (FSCO 0.82%), acquiring 897,918 shares. The quarter-end value of the stake also totaled $5.66 million, reflecting the combined effect of share acquisition and price movement during the period.

What else to knowThis was a new position for Matisse Capital, with FSCO representing 2.52% of its 13F reportable assets after the trade..

Top holdings following the filing:

NASDAQ: AAPL: $9.98 million (4.46% of AUM)NYSE: PCQ: $8.03 million (3.59% of AUM)NYSEMKT: DGRO: $7.80 million (3.49% of AUM)NASDAQ: MSFT: $6.86 million (3.07% of AUM)NASDAQ: GOOGL: $5.89 million (2.63% of AUM)As of January 28, FSCO shares were priced at $6.03, down 10.6% over the past year.

Fund overviewMetricValueTotal assets$1.20 billionNet Income (TTM)$188.07 millionDividend Yield13.1%Price (as of 1/28/26)$6.03Company SnapshotFSCO offers a diversified portfolio of global credit investments, including secured and unsecured loans, bonds, and other credit instruments.It operates as a closed-end fixed income fund, generating revenue primarily through interest income and capital appreciation from event-driven credit strategies.The fund focuses on companies undergoing corporate events such as mergers or restructurings, seeking exposure to global credit markets.FS Credit Opportunities Corp. is a closed-end fund specializing in global credit investments and event-driven strategies. FS Credit Opportunities Corp. is a closed-end fund specializing in global credit markets, with a strong emphasis on event-driven investment strategies. The company leverages deep credit expertise to identify undervalued opportunities across diverse sectors and geographies. Its disciplined approach and focus on corporate events position it to deliver attractive risk-adjusted returns to investors seeking income and total return from credit markets.

What this transaction means for investorsIncome really matters when volatility sticks around, and this move reflects that reality. A closed-end credit fund trading roughly 14% below its $7.09 NAV while throwing off a 13.4% distribution yield offers a very different risk profile than the mega-cap equities that dominate much of this portfolio.

FS Credit Opportunities sits at the intersection of income and capital preservation. As of its latest update, 86% of assets are senior secured debt, 75% are floating-rate, and average duration is just 0.6 years, limiting interest-rate sensitivity. In a market where rate cuts remain uncertain, floating-rate exposure paired with short duration gives investors income without locking in long-term rate risk.

The fund’s AUM is spread across 77 portfolio companies, with no single holding dominating results. That diversification contrasts with the fund’s larger equity stakes, which are more growth- and sentiment-driven. Here, returns hinge on cash flow, collateral, and credit discipline.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, and Microsoft. The Motley Fool has a disclosure policy.

Company Retains Ludlow Consulting to Elevate Institutional-Grade Messaging, Media Relations and AI-Enabled Investor Engagement

SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / February 1, 2026 / Elektros Inc. (OTC PINK:ELEK), a hard-rock lithium mining developer with operations in Sierra Leone, today announced it has retained Ludlow Consulting as its strategic communications advisor to enhance corporate messaging, media visibility, and shareholder engagement.

For investors seeking the right opportunity and the right entry point, Elektros believes its current market positioning represents a bottom-basement discount level. The Company believes this is the type of early-stage entry that investors look back on and recognize as getting in at the right time.

The engagement is designed to support the Company's next phase of growth through the development of an integrated public relations, media relations, and investor relations framework aligned with public company best practices and compliance standards.

Under this advisory mandate, Elektros will be guided in modernizing shareholder communications through AI-enhanced investor relations solutions. This includes strategic support for retrieval-augmented generation (RAG) knowledgebase integration for virtual investor-facing communications, institutional-grade investor materials, and targeted digital outreach to mining-sector stakeholders.

Ludlow Consulting will also advise on establishing a corporate advisory board comprised of mining, critical minerals, and institutional resources expertise to support Elektros' long-term corporate positioning and execution strategy.

"In today's market, strong communications and disciplined stakeholder engagement are essential to building credibility and long-term shareholder value," said Thomas Bustamante, Founder of Ludlow Consulting. "Our mission is to help Elektros create consistent, professional messaging and a modern investor relations foundation that can scale alongside the Company's operational progress."

"We feel incredibly fortunate to be developing our lithium opportunity in Sierra Leone at a moment when demand for critical minerals is accelerating worldwide," said Shlomo Bleier, CEO of Elektros. "We have an exceptional team with boots on the ground, and we're proud of the coordination, discipline, and commitment it takes to build a special company around a resource that is becoming increasingly vital to the clean energy transition. We believe Elektros is positioned on the forefront of hard-rock lithium development, and we're grateful - and we thank God - to have the people, partners, and momentum to move forward into the next phase, including initial stockpiling efforts. This is only the beginning. We look forward to providing updates as milestones are achieved, and we are proud to have Ludlow Consulting on our team as we advance in the clean energy sector."

For more information, visit www.elektros.energy/investors.

About Elektros, Inc.

Elektros Inc. (OTC PINK:ELEK) business plan is to develop an artisanal mining operation based in Sierra Leone, Africa. This operation focuses on hard-rock lithium exploration, development, and the eventual exportation of mined material to lithium refineries in the United States. www.elektros.energy

Why Lithium Matters Now

Lithium is a critical ingredient in modern rechargeable batteries, powering electric vehicles and enabling grid-scale energy storage. As EV adoption expands and energy security becomes a central priority worldwide, access to reliable lithium supply is increasingly viewed as strategic.

Selected Industry Commentary on Lithium's Importance

Reuters: "Lithium [is a] key element for electric vehicle ramp up."

Bloomberg: "Lithium ... [is] a key ingredient in the batteries that power electric vehicles."

Financial Times: "Lithium price squeeze adds to cost of the energy transition."

Benzinga: "Lithium - a critical battery metal."

Wall Street Journal: "Lithium is the new gasoline for the electric-vehicle era."

Elektros believes Sierra Leone and the broader African region have an important role to play in responsibly developing critical mineral supply chains, including lithium resources needed to support EV manufacturing and energy storage worldwide.

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties.

Contact

Elektros, Inc.
IR and Media Inquiries
Email: [email protected]
Ludlow Consulting
Email: [email protected]

Elektros Inc. is a small company today, but we aspire to build toward the scale, discipline, and market leadership demonstrated by leading companies in the lithium sector - and we aim to join that peer group in the near future.

SOURCE: Elektros, Inc.

Wintrust Financial operates a diversified banking and specialty finance business across the Midwest and select Florida markets.

On January 30, Shaker Investments reported selling out of Wintrust Financial (WTFC 0.30%), unloading 26,185 shares in an estimated $3.47 million transaction based on quarterly average pricing.

What happenedAccording to an SEC filing dated January 30, Shaker Investments sold its entire stake of 26,185 shares in Wintrust Financial (WTFC 0.30%). The fund’s quarter-end position value in Wintrust Financial decreased by $3.47 million, reflecting both the sale and movement in the stock price.

What else to knowThe fund’s exit from Wintrust Financial reduced its exposure by 1.44% of its 13F assets under management.

Top holdings after the filing:

NYSE: AX: $32.63 million (13.6% of AUM)NASDAQ: AVGO: $12.76 million (5.3% of AUM)NASDAQ: NVDA: $12.72 million (5.3% of AUM)NASDAQ: GOOGL: $10.84 million (4.5% of AUM)NASDAQ: MSFT: $10.21 million (4.2% of AUM)As of January 29, shares of Wintrust Financial were priced at $147.90, up 13.2% over the past year and underperforming the S&P 500 by about 2 percentage points.

Company overviewMetricValueRevenue (TTM)$2.73 billionNet income (TTM)$823.84 millionDividend yield1.35%Price (as of January 29)$147.90Company snapshotWintrust Financial Corporation offers community banking, specialty finance, and wealth management services, with revenue streams from deposits, loans, mortgage origination, insurance premium financing, and asset management.The company operates a diversified business model generating income through net interest margins, fee-based services, and specialty lending, primarily across the Midwest and select markets in Florida.It serves individuals, small to mid-sized businesses, local government units, and institutional clients, focusing on the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida.Wintrust Financial is a regional financial holding company with a multi-segment strategy spanning community banking, specialty finance, and wealth management. The company leverages a broad footprint of banking facilities and ATMs to serve a diverse client base across several states.

What this transaction means for investorsThis exit seemingly sharpens the contrast between what this portfolio wants more of and what it is leaving behind. With over 30% of assets now concentrated in a mix of industrials and mega-cap technology (and that’s just looking at top holdings), the removal of a regional bank trims exposure to rate-sensitive earnings just as the market continues to reward scale, pricing power, and secular growth.

Wintrust’s latest earnings showed a steady business, supported by loan growth and a diversified fee base across community banking and specialty finance. But like many regional banks, profitability remains tethered to net interest margin dynamics and deposit costs that are far harder to control than headline revenue growth. The stock rose about 13% over the past year, yet still lagged the broader market, suggesting respectable execution without clear multiple expansion.

Against that backdrop, this looks less like a negative call on the company and more like a relative one. The fund’s largest positions lean heavily toward names with dominant market positions and longer growth runways, where incremental capital can compound faster.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Axos Financial, Microsoft, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

Cogent Communications delivers high-speed internet and network services to businesses worldwide, with a focus on recurring service revenue.

Taylor Frigon Capital Management fully exited its position in Cogent Communications Holdings (CCOI +1.08%) in the fourth quarter, selling 73,271 shares worth about $2.81 million.

What happenedAccording to an SEC filing dated January 23, Taylor Frigon Capital Management LLC sold its entire stake in Communications Holdings (CCOI +1.08%), reducing its holdings by 73,271 shares. The quarter-end position value in Cogent Communications Holdings declined by $2.81 million.

What else to knowTop holdings after the filing:

NASDAQ:ALAB: $4.34 million (2.2% of AUM)NASDAQ:CRDO: $4.34 million (2.2% of AUM)NASDAQ:MDB: $3.81 million (1.9% of AUM)NASDAQ:MPWR: $3.71 million (1.9% of AUM)NASDAQ:TSEM: $3.49 million (1.8% of AUM)As of January 23, shares of Cogent Communications Holdings were priced at $24.29, down a staggering 65.4% over the prior year and vastly underperforming the S&P 500’s roughly 14% gain in the same period.

Company overviewMetricValueRevenue (TTM)$987.53 millionNet income (TTM)($194.71 million)Dividend yield12.6%Price (as of January 23, 2026)$24.29Company snapshotCogent Communications provides high-speed internet access, private network services, and data center colocation across multiple continents, with revenue primarily from connectivity and network solutions.The company operates a network-centric business model, generating income through recurring service contracts and colocation fees for bandwidth-intensive organizations.It serves small and medium-sized businesses, communications service providers, and enterprises requiring reliable, high-capacity data connectivity.Cogent Communications Holdings is a global provider of internet access and network services, operating 54 data centers and connecting thousands of commercial buildings. The company leverages its extensive network infrastructure to deliver scalable, high-availability solutions for bandwidth-intensive clients. Its focus on recurring service revenue and broad geographic reach underpins its competitive position in the telecommunications sector.

What this transaction means for investorsPortfolio exits are rarely about one bad quarter. They usually reflect a growing mismatch between what a business demands from investors and what a portfolio is designed to tolerate. That tension is front and center here. This portfolio’s top holdings skew toward semiconductors, software, and infrastructure names where capital intensity is rewarded by scale and accelerating margins. A capital-heavy network operator with uneven cash generation increasingly sits outside that framework.

Cogent’s latest results showed progress in pockets. Wavelength revenue jumped sharply year over year, and EBITDA grew meaningfully, with margins expanding to just over 20% in the third quarter. But core service revenue slipped sequentially, operating cash flow remained thin, and the stock kept sliding. A 65% decline over the past year reflects more than sentiment. It reflects investor skepticism that incremental growth will translate cleanly into durable free cash flow.

Against the fund’s remaining holdings, which lean toward businesses with clearer operating leverage and secular demand tailwinds, Cogent stands out for the wrong reasons. Ultimately, strong networks do not automatically make strong stocks, and when capital needs stay high and cash conversion lags, even improving metrics can fail to protect shareholder value--making this exit look less like capitulation and more like discipline.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MongoDB. The Motley Fool recommends Astera Labs and Monolithic Power Systems. The Motley Fool has a disclosure policy.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In BellRing To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in BellRing between November 19, 2024 and August 4, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - February 1, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against BellRing Brands, Inc. ("BellRing" or the "Company") (NYSE: BRBR) and reminds investors of the March 23, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the strength, sustainability, and drivers of BellRing's sales growth, as well as the impact of competition on the demand for the Company's products.

On May 5, 2025, after market hours, BellRing revealed that starting in Q2 2025, "several key retailers lowered their weeks of supply on hand," which would create a headwind to Q3 2025 growth. The Company also announced it was expanding promotions to boost sales and "offset [] third quarter reductions in retailer trade inventory levels."

On this news, the price of BellRing stock declined $14.88 per share, or 19%, from $78.43 per share on May 5, 2025, to close at $63.55 per share on May 6, 2025, on unusually heavy trading volume.

Then, on August 4, 2025, after market hours, BellRing announced disappointing quarterly consumption of Premier Protein RTD Shakes, which had been expected to outpace shipments by a wider margin given previously announced retailer destocking, but instead came "more in line" with shipments.

On this news, the price of BellRing Brands stock fell $17.46 per share, or nearly 33%, from $53.64 per share on August 4, 2025, to $36.18 per share on August 5, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding BellRing's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the BellRing Brands class action, go to www.faruqilaw.com/BRBR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282200

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Targeting Initial 'Stage 1' Ore Reserves and DFS by 30 June 2026

HIGHLIGHTS

DFS underway following dual Challenger JORC (2012) Mineral Resources upgrades to 313koz Au[1]

Up to 8,000m reverse circulation (RC) drilling to target Challenger 'Main', 'Challenger West' (CW) open pits, plus open pit targets at 'Challenger South-Southwest' (CSSW) and 'Challenger 3'1

DFS objective to establish viable, simplified 'baseline' Stage 1 operation to underwrite restart of CGM and maximise Challenger, Tarcoola, Wudinna & Tolmer development optionality

Discussions underway with credit, minerals trading, and other investment groups interested to finance Stage 1 operations; targeting JORC (2012) Ore Reserves and a DFS by 30 June 2026

ADELAIDE, AU / ACCESS Newswire / February 1, 2026 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or Company) is pleased to announce the start of JORC upgrade drilling at its South Australian Challenger Gold Project (Challenger), which is adjacent to its wholly-owned Central Gawler Mill (CGM). Kennedy Drilling has been engaged for the program.

Up to 8,000m RC drilling will target conversion of easily accessible mineralisation on existing open pits and other near-surface targets to JORC (2012) ‘Indicated' categories, for the potential conversion of these materials to JORC (2012) Ore Reserves subject to the completion of an ongoing Definitive Feasibility Study (DFS).

The design concept of the DFS is to commence an initial 3 - 4 year Stage 1 ‘baseline' operation utilising only historical higher-grade tailings from tailings storage facility 1 (TSF1) and limited, near-surface materials without disturbing Challenger's historical high-grade underground mine, its mineralisation or its infrastructure access.

The objective of the DFS is to establish relatively low-risk, simplified development plan to restart the CGM, bring Barton to ‘producer' status, and maximise ‘Stage 1' development optionality during the next 3 - 10 years. This model also has the benefit of deferring the technical risk and cost of underground operations to a future date, following the de-risking of ‘Stage 1' operations, and providing further time to optimise development plans.

Reinstatement of the CGM also materially enhances the development optionality of Barton's several ‘regional enhancement' assets such as the Tarcoola Gold Project (Tarcoola), the Wudinna Gold Project (Wudinna) and high-grade Tolmer silver prospect (Tolmer) all of which could potentially be processed through the CGM.[2]

Commenting on Challenger's Resource upgrade drilling programs, Barton MD Alexander Scanlon said:

"Recent Challenger Resource updates demonstrate considerable on-pit and near-surface gold mineralisation adjacent to our Central Gawler Mill. Our objective is to commence an initial ‘baseline' operation which minimises both cost and risk, while maximising development optionality for the Challenger underground mine, Tarcoola, Tolmer and Wudinna.

"We have now moved straight to a DFS for reinstatement of the CGM - the region's only existing gold mill - to enhance this broader optionality and also to capitalise on record gold and silver prices. We are targeting initial ‘Stage 1' Ore Reserves and a DFS by 30 June 2026, and project financing shortly thereafter. In parallel, we are rapidly advancing our neighbouring large-scale Tunkillia Gold Project, targeting a Mining Lease application by the end of 2026."

Program background

During September 2025 Barton published a new Challenger JORC (2012) Mineral Resources Estimate (MRE) of 313koz Au (10.6Mt @ 0.92 g/t), with almost all MRE mineralisation located in, on, or adjacent to, existing serviceable open pit and underground development.[3]

All mineralisation is adjacent to the Company's Central Gawler Mill (CGM). The updated MRE excludes various lower-grade stockpiles and higher-grade mill residuals (eg. ball mill rejects) which are located on the Run of Mine (ROM) pad. These materials will likely form a component of early mill feed as the hard rock crushing and grinding circuits are recommissioned for the start of Phase 2 (fresh rock) operations.

Figure 1 - Challenger site map with locations of key infrastructure and JORC (2012) MRE deposits 3Authorised by the Board of Directors of Barton Gold Holdings Limited.

For further information, please contact:

About Barton Gold

Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.2Moz Au & 3.1Moz Ag JORC Mineral Resources (79.9Mt @ 0.87g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.*

Challenger Gold Project

313koz Au + fully permitted Central Gawler Mill (CGM)

Tarcoola Gold Project

20koz Au in fully permitted open pit mine near CGM

Tolmer discovery grades up to 84g/t Au & 17,600g/t Ag

Tunkillia Gold Project

1.6Moz Au & 3.1Moz Ag JORC Mineral Resources

Competitive 120kozpa gold & 250kozpa silver project

Wudinna Gold Project

279koz Au project located southeast of Tunkillia

Significant optionality, adjacent to main highway

Competent Persons Statement & Previously Reported Information

The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).

Activity

Competent Person

Membership

Status

Tarcoola Mineral Resource (Stockpiles)

Dr Andrew Fowler (Consultant)

AusIMM

Member

Tarcoola Mineral Resource (Perseverance Mine)

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Tarcoola Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tarcoola Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tunkillia Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Mineral Resource

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Challenger Mineral Resource (above 215mRL)

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Challenger Mineral Resource (below 90mRL)

Mr Dale Sims

AusIMM / AIG

Fellow / Member

Wudinna Mineral Resource (Clarke Deposit)

Ms Justine Tracey

AusIMM

Member

Wudinna Mineral Resource (all other Deposits)

Mrs Christine Standing

AusIMM / AIG

Member / Member

The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted, available from the Company's website at www.bartongold.com.au or on the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. In accordance with ASX Listing Rule 5.19.2, the Company further confirms that the material assumptions underpinning any production targets and the forecast financial information derived therefrom continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements.

Cautionary Statement Regarding Forward-Looking Information

This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.

[1] Refer to ASX announcements dated 30 June and 8 / 28 September 2025

[2] Refer to Prospectus and ASX announcements dated 27 March, 15 April, 30 June, 2 / 8 / 25 July, 5 / 6 August and 10 / 23 September 2025

[3] Refer to ASX announcement dated 10 September 2025

* Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 8 September 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,186koz Au (40.2Mt @ 0.92 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.

SOURCE: Barton Gold Holdings Limited

New York, New York--(Newsfile Corp. - February 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Gauzy Ltd. (NASDAQ: GAUZ) between March 11, 2025 and November 13, 2025, both dates inclusive (the "Class Period"), of the important February 6, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Gauzy class action, go to https://rosenlegal.com/submit-form/?case_id=48715 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) three of Gauzy's French subsidiaries lacked the financial means to meet their debts as they became due; (2) as a result, it was substantially likely insolvency proceedings would be commenced; (3) as a result, it was substantially likely a potential default under Gauzy's existing senior secured debt facilities would be triggered; and (4) as a result of the foregoing, defendants' positive statements about Gauzy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Gauzy class action, go to https://rosenlegal.com/submit-form/?case_id=48715 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282235

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Billionaires regularly pile more of their money into the biggest winners.

Billionaire investors eagerly load up on winning growth stocks that look ready to extend their rallies. Few stocks fit the description quite like Nvidia (NVDA 0.72%), which recently got the attention of hedge fund billionaire David Tepper, who bought more shares for Appaloosa Management. The hedge fund bought an additional 150,000 shares and now owns 1.9 million Nvidia shares. Billionaire Daniel S. Loeb also bought an extra 50,000 Nvidia shares for his Third Point fund.

Nvidia is the most well-established AI stock. Its multiyear rally has turned it into the most valuable publicly traded company, but even with that distinction, billionaire investors still want more of it. These are the reasons why Nvidia continues to outperform the broader market.

Demand for AI accelerator chips remains insatiable

Image source: Getty Images.

Investors who have followed semiconductor stocks for a while have likely heard about soaring AI chip demand plenty of times, but the story isn't close to over. Consulting giant McKinsey believes the size of the semiconductor market is underestimated and could reach $1.6 trillion by 2030. Tech giants continue to pull deeper into their budgets, suggesting that AI chipmakers like Nvidia can continue to rally.

Today's Change

(

-0.72

%) $

-1.39

Current Price

$

191.12

Nvidia earned $57 billion in the third quarter of fiscal year 2026, which ended Oct. 26, 2025, and that's actually up by 62% year over year. It's extremely hard to earn $57 billion in a single quarter, but an overlooked part of these results is how difficult it is for a company as big as Nvidia to still register a 62% growth rate.

Nvidia's guidance suggests that it will earn $65 billion in Q4, plus or minus 2%. The midpoint implies 14% sequential growth.

Nvidia's Vera Rubin platform will come out in the second half of 2026 Nvidia regularly releases new AI chips that can handle more workloads, and that big chip will come out in 2026. Vera Rubin is a platform that combines Vera CPUs and Rubin GPUs. It's far more efficient than the Nvidia Blackwell platform, which is currently the company's most successful product.

Tech leaders have been gushing over the Vera Rubin platform. Elon Musk called it "a rocket engine for AI," while Mark Zuckerberg, Satya Nadella, and Sam Altman were some of the tech CEOs who openly said Vera Rubin is a key part of their AI ambitions.

It's easy to see Nvidia continue to outperform and deliver double-digit sequential growth with that type of demand. It may continue to accelerate from current levels as well. Companies that loaded up on Blackwell will aggressively buy Rubin platform hardware as well.

The AI race is hypercompetitive, with companies throwing caution to the wind as they accumulate as many resources as possible. Humanoid robots, self-driving cars, and agentic AI are some of the high-potential, AI-powered products that can reshape industries and boost demand for Nvidia's chips. . The potential for AI to disrupt every industry makes it too potent to play it safe or wait for AI chips, energy, and other inputs to get cheaper.

AMD is excited about its growth prospects for 2026.

Finding and identifying stocks that have the potential to double in a year is no easy feat. However, from time to time, one pops up that looks like a prime candidate. One stock that has been getting some buzz lately is AMD (AMD 6.13%). AMD has for some time been relegated to a distant second place in the artificial intelligence (AI) accelerator segment, where Nvidia's (NVDA 0.72%) graphics processing units (GPUs) hold the lion's share of the market. Meanwhile, Broadcom, with its application-specific integrated circuits, is becoming a popular alternative to both of them. Its growth could relegate AMD to third place, but AMD management has other ideas.

The company believes that some of the changes it has made in its product ecosystems will help it to thrive over the next few years, and 2026 could be the start of a huge comeback. But could that be enough to drive the stock up by 100% or more this year?

Image source: Getty Images.

AMD's management sees huge upcoming growth AMD is a far more diversified chip business than Nvidia, which gets the large majority of its revenue now from data center sales. By contrast, AMD has a thriving OEM and gaming business that accounts for over 43% of revenue. It also has an embedded processor division that makes up about 10% of its business. That leaves its data center division delivering around 47% of its revenue.

Some investors may view this diversification as a positive thing. AMD is less reliant on AI-related sales than its rival, so if we're in an AI bubble and it bursts, it should experience a less pronounced slide than Nvidia. However, data centers still provide a large fraction of AMD's revenues, so it wouldn't be entirely insulated from a decline in AI infrastructure spending.

Today's Change

(

-6.13

%) $

-15.45

Current Price

$

236.73

Additionally, management is aiming to boost the share of revenue that comes from the data center segment. It believes that over the next five years, its data center division will expand at a 60% compound annual growth rate (CAGR), while its other two divisions are predicted to achieve CAGRs of 10%. If matters pan out as management forecasts, by 2031, AMD's business will look a lot more like Nvidia's than it does today. However, artificial intelligence is one of the biggest technological revolutions mankind has ever experienced, so being highly exposed to this megatrend is a smart idea.

In Q3, AMD's data center revenue rose by 22% year over year, so the company has a lot of work to do if it's going to come close to hitting a 60% CAGR. But if it can hit that target, could the stock double this year?

AMD's path to a double is murky If AMD's stock doubled from here, it would trade at about $500 per share. Should its revenue growth accelerate to the pace management is forecasting, I think that it would make sense for the market to assign it a price-to-earnings ratio of about 50. That's far lower than its current P/E ratio of 120, but that number is unusually high in part because in a recent quarter, AMD's earnings were depressed by an $800 million inventory write-down that it had to take due to Trump administration restrictions on exporting graphics processing units (GPUs) to China.

A P/E ratio of 50 on a share price of $500 would require earnings per share (EPS) of $10. Current analyst estimates for AMD for 2026 range from $5.36 to $8.02, undershooting that mark by a significant margin. However, if AMD can improve its profit margins, these estimates could prove too pessimistic.

Currently, AMD's profit margin is ridiculously low compared to Nvidia's.

NVDA Profit Margin (Quarterly) data by YCharts.

If AMD can double its profit margin, that would dramatically improve the chances of the stock doubling.

However, I'm still skeptical. AMD hasn't shown that it can compete effectively with Nvidia in the GPU space yet. If that changes, then the stock could catch fire. However, I've seen no signs of that shift. Perhaps we will when AMD reports its fourth-quarter results on Feb. 3. Depending on what that report shows, I may be an AMD believer after that, but I'm more than happy to be patient until then.

This company is proving that you can win in insurance with a better customer experience.

Healthcare is a sector with the potential for massive disruption due to artificial intelligence (AI). Chatbots will help organize data and tailor personalized solutions for individuals, eliminating busywork and saving costs while also providing a better health outcome. At least, that is the theory.

One stock at the forefront of AI innovation in health insurance is Oscar Health (OSCR 3.95%). The tech-forward health insurer is gaining market share in the individual market and is already deploying AI tools for members.

Here's why now is a great time to buy Oscar Health stock and ride the telehealth AI wave.

Image source: Getty Images.

Building better health insurance Unlike other insurers, Oscar Health offers complimentary telehealth services to its members, making it a table-stakes feature for healthcare in 2026.

Overall, Oscar Health has built a technology-focused health insurance platform for individual buyers of health insurance. It utilizes better working technology/mobile applications, simple interfaces, and cloud-based software to improve customer happiness and lower costs. Many people waste unnecessary time dealing with the confusing legacy health insurance industry, especially when it is an opaque plan provided by your employer.

Oscar Health is targeting people who have to (or choose to) pay for their own health insurance through the Affordable Care Act (ACA) marketplace. This allows Oscar Health to compete in a free market for individual buyers, and it has been able to gain share in a big way in the select states where it has launched over the last decade. It currently has 2 million paying members, up from just around 200,000 in 2019. That is an impressive level of market share gain that should continue as the insurer steadily goes live in new states.

Management is not resting on its laurels. It keeps pushing to build new products for customers, most recently through an AI chatbot called Oswell that is powered by OpenAI and can help members easily manage their healthcare information through Oscar's platform.

Today's Change

(

-3.95

%) $

-0.59

Current Price

$

14.34

Short-term headwinds mean a buying opportunity If Oscar Health is gaining so much market share, you might be confused as to why the stock is down over 50% since its public market debut in 2021. It is for two reasons, both of which are fixable in 2026 and beyond.

First, healthcare costs rose faster than insurers projected in 2025, which led to claims outpacing premiums and, therefore, declining profitability. Oscar Health was not immune to this, but it has simply raised prices on its plans by 28% for 2026, which is right around where the rest of the industry is.

Secondly, and more concerning, is the expiration of health insurance subsidies in 2026. These subsidies for ACA customers made it much easier for low-income people to get free health insurance, which Oscar Health benefited from. If these subsidies are not extended, Oscar Health is going to lose customers in 2026.

This is obviously not ideal, but it isn't the end of the world for the business and should be a single one-time reset for operations. More important is getting back to profitability through price increases in 2026, even at a lower customer level.

Right now, Oscar Health is not profitable, but it expects to generate at least $12 billion in revenue this year compared to a current market cap of under $4 billion. As long as the company can reprice its insurance plans properly and get back to profitability, this current market cap looks like a steal for anyone looking to buy today and hold for the long term.

Company Retains Ludlow Consulting to Elevate Institutional-Grade Messaging, Media Relations and AI-Enabled Investor Engagement

SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / February 1, 2026 / Elektros Inc. (OTC PINK:ELEK), a hard-rock lithium mining developer with operations in Sierra Leone, today announced it has retained Ludlow Consulting as its strategic communications advisor to enhance corporate messaging, media visibility, and shareholder engagement.

For investors seeking the right opportunity and the right entry point, Elektros believes its current market positioning represents a bottom-basement discount level. The Company believes this is the type of early-stage entry that investors look back on and recognize as getting in at the right time.

The engagement is designed to support the Company's next phase of growth through the development of an integrated public relations, media relations, and investor relations framework aligned with public company best practices and compliance standards.

Under this advisory mandate, Elektros will be guided in modernizing shareholder communications through AI-enhanced investor relations solutions. This includes strategic support for retrieval-augmented generation (RAG) knowledgebase integration for virtual investor-facing communications, institutional-grade investor materials, and targeted digital outreach to mining-sector stakeholders.

Ludlow Consulting will also advise on establishing a corporate advisory board comprised of mining, critical minerals, and institutional resources expertise to support Elektros' long-term corporate positioning and execution strategy.

"In today's market, strong communications and disciplined stakeholder engagement are essential to building credibility and long-term shareholder value," said Thomas Bustamante, Founder of Ludlow Consulting. "Our mission is to help Elektros create consistent, professional messaging and a modern investor relations foundation that can scale alongside the Company's operational progress."

"We feel incredibly fortunate to be developing our lithium opportunity in Sierra Leone at a moment when demand for critical minerals is accelerating worldwide," said Shlomo Bleier, CEO of Elektros. "We have an exceptional team with boots on the ground, and we're proud of the coordination, discipline, and commitment it takes to build a special company around a resource that is becoming increasingly vital to the clean energy transition. We believe Elektros is positioned on the forefront of hard-rock lithium development, and we're grateful - and we thank God - to have the people, partners, and momentum to move forward into the next phase, including initial stockpiling efforts. This is only the beginning. We look forward to providing updates as milestones are achieved, and we are proud to have Ludlow Consulting on our team as we advance in the clean energy sector."

For more information, visit www.elektros.energy/investors.

About Elektros, Inc.

Elektros Inc. (OTC PINK:ELEK) business plan is to develop an artisanal mining operation based in Sierra Leone, Africa. This operation focuses on hard-rock lithium exploration, development, and the eventual exportation of mined material to lithium refineries in the United States. www.elektros.energy

Why Lithium Matters Now

Lithium is a critical ingredient in modern rechargeable batteries, powering electric vehicles and enabling grid-scale energy storage. As EV adoption expands and energy security becomes a central priority worldwide, access to reliable lithium supply is increasingly viewed as strategic.

Selected Industry Commentary on Lithium's Importance

Reuters: "Lithium [is a] key element for electric vehicle ramp up."

Bloomberg: "Lithium ... [is] a key ingredient in the batteries that power electric vehicles."

Financial Times: "Lithium price squeeze adds to cost of the energy transition."

Benzinga: "Lithium - a critical battery metal."

Wall Street Journal: "Lithium is the new gasoline for the electric-vehicle era."

Elektros believes Sierra Leone and the broader African region have an important role to play in responsibly developing critical mineral supply chains, including lithium resources needed to support EV manufacturing and energy storage worldwide.

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties.

Contact

Elektros, Inc.
IR and Media Inquiries
Email: [email protected]
Ludlow Consulting
Email: [email protected]

Elektros Inc. is a small company today, but we aspire to build toward the scale, discipline, and market leadership demonstrated by leading companies in the lithium sector - and we aim to join that peer group in the near future.

SOURCE: Elektros, Inc.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Blue Owl Capital Inc. (NYSE: OWL) between February 6, 2025 and November 16, 2025 (the " Class Period") of the important February 2, 2026 lead plaintiff deadline.

So what: If you purchased Blue Owl securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Blue Owl class action, go to https://rosenlegal.com/submit-form/?case_id=48876 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

Details of the case: according to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Blue Owl was experiencing a meaningful pressure on its asset base from business development companies ("BDC") redemptions; (2) as a result, Blue Owl was facing undisclosed liquidity issues; (3) as a result, Blue Owl would be likely to limit or halt redemptions of certain BDCs; and (4) accordingly, defendants had downplayed the true scope and severity of the negative impact as a result of the foregoing, defendants' positive statements about Blue Owl's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Blue Owl class action, go to https://rosenlegal.com/submit-form/?case_id=48876 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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

SOURCE THE ROSEN LAW FIRM, P. A.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) announces that operations at the Mantoverde mine in Chile have resumed following a period of interrupted production due to an inability to access and operate the desalination plant, as previously announced on January 22. The Company reaffirms that it expects to continue operations at Mantoverde at a level between 50% to 75% of normal production during the strike.

Union #2 at Mantoverde, which represents approximately 22% of the total workforce, continues with a strike commenced on January 2. Capstone Copper remains willing to engage in discussions to seek a resolution with Union #2. The Company will continue to adhere to legal procedures, respecting the rights of all its employees, inviting the union to engage in a constructive dialogue, and providing the authorities with all requested information. Capstone Copper is committed to the highest standards for integrity and transparency at Mantoverde, which brings great benefits to the workforce and surrounding communities.

About Capstone Copper Corp.

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone’s operating portfolio of assets includes the Pinto Valley copper mine located in Arizona, USA, the Cozamin copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile, and the Mantoverde copper-gold mine, located in the Atacama region, Chile. Capstone’s growth pipeline includes the fully permitted Santo Domingo copper-iron-gold project, located approximately 35 kilometres northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the Americas.

Capstone Copper’s strategy is to unlock transformational copper production growth while executing on cost and operational improvements through innovation, optimization and safe and responsible production throughout our portfolio of assets. We focus on profitability and disciplined capital allocation to surface stakeholder value. We are committed to creating a positive impact in the lives of our people and local communities, while delivering compelling returns to investors by responsibly producing copper to meet the world’s growing needs.

Further information is available at www.capstonecopper.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This document may contain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as “anticipates”, “approximately”, “believes”, “budget”, “estimates”, expects”, “forecasts”, “guidance”, intends”, “plans”, “scheduled”, “target”, or variations of such words and phrases, or statements that certain actions, events or results “be achieved”, “could”, “may”, “might”, “occur”, “should”, “will be taken” or “would” or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including “anticipated”, “expected”, “guidance” and “plan”. Forward-looking statements include, but are not limited to, statements with respect to the Company’s expectations regarding operations during the strike and its approach to resolution and procedures regarding the strike.

By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to the inability to resolve the labour disruption, the inability to operate at expected capacity during the strike, inherent hazards associated with mining operations and closure of mining projects, future prices of copper and other metals, compliance with financial covenants, inflation, surety bonding, the Company's ability to raise capital, Capstone Copper’s ability to acquire properties for growth, counterparty risks associated with sales of the Company's metals, use of financial derivative instruments and associated counterparty risks, foreign currency exchange rate fluctuations, market access restrictions or tariffs, changes in U.S. laws and policies regulating international trade including but not limited to changes to or implementation of tariffs, trade restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods and raw materials, along with supply, logistics and transportation constraints, changes in general economic conditions including market volatility due to uncertain trade policies and tariffs, availability and quality of water and power resources, accuracy of Mineral Resource and Mineral Reserve estimates, operating in foreign jurisdictions with risk of changes to governmental regulation, compliance with governmental regulations and stock exchange rules, compliance with environmental laws and regulations, reliance on approvals, licences and permits from governmental authorities and potential legal challenges to permit applications, contractual risks including but not limited to, the Company's ability to meet the requirements under the Cozamin Silver Stream Agreement with Wheaton Precious Metals Corp. ("Wheaton"), the Company's ability to meet certain closing conditions under the Santo Domingo Gold Stream Agreement with Wheaton, acting as Indemnitor for Minto Metals Corp.’s surety bond obligations, impact of climate change and changes to climatic conditions at the Company's operations and projects, changes in regulatory requirements and policy related to climate change and greenhouse gas ("GHG") emissions, land reclamation and mine closure obligations, introduction or increase in carbon or other "green" taxes, aboriginal title claims and rights to consultation and accommodation, risks relating to widespread epidemics or pandemic outbreaks; the impact of communicable disease outbreaks on the Company's workforce, risks related to construction activities at the Company's operations and development projects, suppliers and other essential resources and what effect those impacts, if they occur, would have on the Company's business, including the Company's ability to access goods and supplies, the ability to transport the Company's products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of Capstone Copper relating to the unknown duration and impact of the epidemics or pandemics, impacts of inflation, geopolitical events and the effects of global supply chain disruptions, uncertainties and risks related to the potential development of the Santo Domingo development project, risks related to the Mantoverde Development Project ("MVDP"), increased operating and capital costs, increased cost of reclamation, challenges to title to the Company's mineral properties, increased taxes in jurisdictions the Company operates or is subject to tax, changes in tax regimes we are subject to and any changes in law or interpretation of law may be difficult to react to in an efficient manner, maintaining ongoing social licence to operate, seismicity and its effects on the Company's operations and communities in which we operate, dependence on key management personnel, Toronto Stock Exchange ("TSX") and Australian Securities Exchange ("ASX") listing compliance requirements, potential conflicts of interest involving the Company's directors and officers, corruption and bribery, limitations inherent in the Company's insurance coverage, labour relations generally, increasing input costs such as those related to sulphuric acid, electricity, fuel and supplies, increasing inflation rates, competition in the mining industry including but not limited to competition for skilled labour, risks associated with joint venture partners and non-controlling shareholders or associates, the Company's ability to integrate new acquisitions and new technology into the Company's operations, cybersecurity threats, legal proceedings, the volatility of the price of the common shares, the uncertainty of maintaining a liquid trading market for the common shares, risks related to dilution to existing shareholders if stock options or other convertible securities are exercised, the history of Capstone Copper with respect to not paying dividends and anticipation of not paying dividends in the foreseeable future and sales of common shares by existing shareholders can reduce trading prices, and other risks of the mining industry as well as those factors detailed from time to time in the Company’s interim and annual financial statements and MD&A of those statements and Annual Information Form, all of which are filed and available for review under the Company’s profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements relate to future events or future performance and reflect the Company's expectations or beliefs regarding future events and are based on a number of assumptions, including those detailed from time to time in the Company’s interim and annual financial statements and MD&A of those statements and Annual Information Form, all of which are filed and available for review under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause the Company's actual results, performance or achievements to differ materially from those described in the Company's forward-looking statements, there may be other factors that cause the Company's results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that the Company's forward-looking statements will prove to be accurate, as the Company's actual results, performance or achievements could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the Company's forward-looking statements.

More News From Capstone Copper Corp.

By PYMNTS  |  February 1, 2026

 | 

A judge has allowed an insider trading lawsuit against several Coinbase directors to proceed. 

The ruling followed an internal investigation clearing the defendants of wrongdoing, Bloomberg News reported Friday (Jan. 30).

The suit was brought by an investor in the cryptocurrency platform in 2023, claiming that directors — including Coinbase CEO Brian Armstrong and venture capitalist Marc Andreessen — used confidential information to avoid more than $1 billion in losses by selling upwards of $2.9 billion of stock when the company went public in 2021. 

According to Bloomberg, Judge Kathaleen St. J. McCormick quashed a motion to dismiss the lawsuit by an internal committee that looked into the insider trading claims, due to what she views as conflicts of one of the members. 

However, the judge indicated that the defendants may ultimately triumph, because the committee’s report “paints a compelling narrative” that bolsters their defense.

The report added that the suit centers around Coinbase’s decision to go public via direct listing rather than an initial public offering (IPO). The direct listing did not involve raising funds through issuing shares, which would dilute holdings or require a lockup period where existing investors would need to wait to trade their shares for a set period, the report added.

Advertisement: Scroll to Continue

Attorneys for the directors denied their clients had been involved in insider trading, and say the shareholder who brought the suit had not shown the defendants possessed relevant nonpublic information and that it led them to sell shares.

“We are disappointed by the court’s decision and remain committed to fighting these meritless claims in court,” Coinbase said in a statement to Bloomberg.

In other Coinbase news, PYMNTS wrote recently about Armstrong’s comments at the World Economic Forum gathering in Davos, where he was part of a panel discussion called “Is Tokenization the Future?”

That discussion, PYMNTS wrote, “made clear that tokenization work has continued steadily in the background, setting the stage for broader embrace.” 

For his part, Armstrong said tokenization addresses structural inefficiencies in the financial system, especially around settlement speed, fees and access.

Tokenization allows for real-time settlement and lower fees, he said, though he stressed that its most powerful impact is expanding participation in investment markets.

Armstrong spotlighted what he called the global “unbrokered” population — roughly 4 billion people without access to investing in high-quality assets — and pointed to stablecoins as the first successful expression of tokenization’s potential.

From his view, stablecoins show how tokenized representations of assets can open the doors to broader participation across borders.

OPEC+ agreed to keep its oil output unchanged for March at a meeting, the producer group said on Sunday, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.

The meeting of eight OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to the six-month high of $71.89 it hit on Thursday, despite speculation that a supply glut in 2026 would push prices down.

The eight producers — Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman — raised production quotas by about 2.9 million barrels per day from April through December, roughly 3% of global demand.

OPEC+ has agreed to keep its oil output unchanged even as prices hit record highs. REUTERS In November, they froze further planned increases for January through March because of seasonally weaker consumption.

Sunday’s brief meeting reaffirmed that decision for March, after earlier gatherings did the same for January and February.

Sunday’s statement made no mention of what OPEC+ could decide for specific months beyond March, and the lack of forward guidance is significant, said Jorge Leon, a former OPEC official who now works as head of geopolitical analysis at Rystad Energy.

“With rising uncertainty around Iran and U.S. tensions, the group is keeping all options firmly on the table,” he said.

“OPEC’s own numbers point to a lower call on OPEC+ crude in the second quarter, which could limit the scope for production increases,” Leon added.

OPEC+ includes the Organization of the Petroleum Exporting Countries, plus Russia and other allies. The full OPEC+ pumps about half of the world’s oil.

A separate OPEC+ panel called the Joint Ministerial Monitoring Committee also met on Sunday. The JMMC does not have decision-making authority on production policy.

Brent crude oil closed near $70 a barrel on Friday. REUTERS The JMMC stressed the importance of achieving full compliance with OPEC+ output agreements, a statement on OPEC’s website said.

President Trump is weighing options on Iran that include targeted strikes against security forces and leaders, aiming to inspire protesters, multiple sources said on Thursday.

Washington has imposed extensive sanctions on Tehran to choke off its oil revenue, a crucial source of state funding.

President Trump is mulling strikes on Iran, according to sources. AFP via Getty Images Both the US and Iran have since signaled willingness to engage in dialog, but Tehran on Friday said its defense capabilities should not be included in any talks.

Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of disruptions in recent months. Kazakhstan said on Wednesday it was restarting the huge Tengiz oilfield in stages.

The eight countries plan to hold their next meeting on March 1 and the JMMC on April 5, the statements showed.

Leiden, the Netherlands, February 1, 2026: Pharming Group (Euronext: PHARM; Nasdaq: PHAR) today announced that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) to its supplemental New Drug Application (sNDA) for Joenja® (leniolisib), an oral, selective phosphoinositide 3-kinase delta (PI3Kδ) inhibitor, as a treatment for children aged 4 to 11 years with activated phosphoinositide 3-kinase delta syndrome (APDS), a rare primary immunodeficiency.

The FDA raised an issue with the potential for underexposure in lower weight pediatric patients. As a result, the FDA has requested additional pediatric pharmacokinetic data to reassess the proposed pediatric doses and confirm that children in the lower weight dose groups can achieve exposure levels comparable to the approved adult and adolescent regimen. The letter also identified an issue with one of the analytical methods used for production batch testing, and the FDA requested additional data and clarification on this point.

We believe we can address the clinical pharmacology and batch testing methodology issues outlined in the letter, and we plan to work closely with the FDA to meet the Agency’s requirements and determine next steps for resubmission. We plan to request a Type A meeting with the FDA.

Joenja’s U.S. FDA approval for the treatment of APDS in patients aged 12 years of age and older is unaffected by this regulatory action.

Fabrice Chouraqui, Chief Executive Officer of Pharming, commented:

“While we are disappointed in the FDA’s response, we remain dedicated to making Joenja available to pediatric patients aged 4-11 with APDS. Joenja has the potential to address the immune dysregulation and deficiency that drive APDS and significantly impact the long-term course of disease in this population, for whom there is currently no approved targeted treatment. We are going to work closely with the FDA to provide the necessary information and determine the best and most effective path forward.”

Pharming submitted the sNDA to the FDA based on positive data from the open-label, multinational, single-arm Phase III study in children aged 4 to 11 years, which showed improvements over 12 weeks in two clinically relevant hallmarks of APDS, reduced lymphadenopathy and increased naïve B cells, together indicating a correction of the underlying immune defect. The submission also included safety data from 8 months of treatment. The improvements in lymphoproliferation and immunophenotype correction were seen across the four dose levels investigated and were consistent with the improvements previously reported in adolescent and adult patients. All treatment emergent adverse events were reported to be mild to moderate in nature. There were no drug related serious adverse events, and all patients completed the 12-week treatment period.

In October 2025, the FDA granted the application Priority Review1 based on its guidelines stating the medicine would offer significant improvements in effectiveness or safety of the treatment, prevention, or diagnosis of serious conditions. Currently, there are no approved treatments for children with APDS under the age of 12 years globally. Joenja received approval from the FDA for the treatment of APDS in adult and pediatric patients 12 years of age and older in March 2023.

About Activated Phosphoinositide 3-Kinase δ Syndrome (APDS) 
APDS is a rare primary immunodeficiency that was first characterized in 2013. APDS is caused by variants in either one of two identified genes known as PIK3CD or PIK3R1, which are vital to the development and function of immune cells in the body. Variants of these genes lead to hyperactivity of the PI3Kδ (phosphoinositide 3-kinase delta) pathway, which causes immune cells to fail to mature and function properly, leading to immunodeficiency and dysregulation2,3,4 APDS is characterized by a variety of symptoms, including severe, recurrent sinopulmonary infections, lymphoproliferation, autoimmunity, and enteropathy.5,6 Because these symptoms can be associated with a variety of conditions, including other primary immunodeficiencies, it has been reported that people with APDS are frequently misdiagnosed and suffer a median 7-year diagnostic delay.7 As APDS is a progressive disease, this delay may lead to an accumulation of damage over time, including permanent lung damage and lymphoma.5-8 A definitive diagnosis can be made through genetic testing. APDS affects approximately 1 to 2 people per million worldwide.

About leniolisib
Leniolisib is an oral small molecule phosphoinositide 3-kinase delta (PI3Kẟ) inhibitor approved in the U.S., U.K., Australia and Israel as the first and only targeted treatment of activated phosphoinositide 3-kinase delta (PI3Kδ) syndrome (APDS) in adult and pediatric patients 12 years of age and older. Leniolisib inhibits the production of phosphatidylinositol-3-4-5-trisphosphate, which serves as an important cellular messenger and regulates a multitude of cell functions such as proliferation, differentiation, cytokine production, cell survival, angiogenesis, and metabolism. Results from a randomized, placebo-controlled Phase III clinical trial demonstrated statistically significant improvement in the coprimary endpoints, reflecting a favorable impact on the immune dysregulation and deficiency seen in these patients, and interim open label extension data has supported the safety and tolerability of long-term leniolisib administration.9,10 Leniolisib is currently under regulatory review in the European Economic Area, Japan, Canada and several other countries for APDS. Leniolisib is also being evaluated in two Phase III clinical trials in children with APDS and in two Phase II clinical trials in primary immunodeficiencies (PIDs) with immune dysregulation. The safety and efficacy of leniolisib has not been established for PIDs with immune dysregulation beyond APDS.

About Pharming Group N.V.
Pharming Group N.V. (EURONEXT Amsterdam: PHARM/Nasdaq: PHAR) is a global biopharmaceutical company dedicated to transforming the lives of patients with rare, debilitating, and life-threatening diseases. We are developing and commercializing a portfolio of innovative medicines, including small molecules and biologics. Pharming is headquartered in Leiden, the Netherlands, with a significant proportion of its employees based in the U.S.

For more information, visit www.pharming.com and find us on LinkedIn.

 Forward-looking Statements
This press release may contain forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. Examples of forward-looking statements may include statements with respect to timing and progress of Pharming's preclinical studies and clinical trials of its product candidates, Pharming's clinical and commercial prospects, and Pharming's expectations regarding its projected working capital requirements and cash resources, which statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to the scope, progress and expansion of Pharming's clinical trials and ramifications for the cost thereof; and clinical, scientific, regulatory, commercial, competitive and technical developments. In light of these risks and uncertainties, and other risks and uncertainties that are described in Pharming's 2024 Annual Report and the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission, the events and circumstances discussed in such forward-looking statements may not occur, and Pharming's actual results could differ materially and adversely from those anticipated or implied thereby. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Any forward-looking statements speak only as of the date of this press release and are based on information available to Pharming as of the date of this release. Pharming does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information.

Inside Information
This press release relates to the disclosure of information that qualifies, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

References 

FDA. Priority Review. Available at: https://www.fda.gov/patients/fast-track-breakthrough-therapy-accelerated-approval-priority-review/priority-review Accessed October 2025.Lucas CL, et al. Nat Immunol. 2014;15(1):88-97.Elkaim E, et al. J Allergy Clin Immunol. 2016;138(1):210-218.Nunes-Santos C, Uzel G, Rosenzweig SD. J Allergy Clin Immunol. 2019;143(5):1676-1687.Coulter TI, et al. J Allergy Clin Immunol. 2017;139(2):597-606.Maccari ME, et al. Front Immunol. 2018;9:543.Jamee M, et al. Clin Rev Allergy Immunol. 2020 Dec;59(3):323-333.Condliffe AM, Chandra A. Front Immunol. 2018;9:338.Rao VK, et al Blood. 2023 Mar 2;141(9):971-983.Rao VK, et al.  J Allergy Clin Immunol 2024;153:265-74.  For further public information, contact:

Investor Relations
Michael Levitan, VP Investor Relations & Corporate Communications
T: +1 (908) 705 1696
E: [email protected]

Media Relations
Global: Saskia Mehring, Corporate Communications Manager
T: +31 6 28 32 60 41
E: [email protected]

U.S.: Ethan Metelenis (Precision AQ on behalf of Pharming)
T: +1 (917) 882-9038

Netherlands: Leon Melens (LifeSpring Life Sciences Communication on behalf of Pharming)
T: +31 6 53 81 64 27

FINAL_Pharming receives FDA CRL for Joenja sNDA in children_EN_1Feb26

Silver Trust's price on Friday dropped by the largest percentage decline on record, according to Dow Jones Market Data.

NuScale Power has a novel technology that can disrupt a sleepy industry. Is today's price a buying window?

NuScale Power (SMR 7.61%) is a nuclear technology company with big ambitions. In a nutshell, it wants to disrupt the nuclear energy industry by selling small modular reactors (SMRs). These small reactors are designed to be deployed in groups of up to 12 modules for a total output of up to 924 megawatts of electricity.

Image source: NuScale Power.

Unlike a traditional nuclear power plant, which could take a decade or longer to finish, NuScale's SMRs are designed to be assembled in a factory and shipped to project sites. This would not only cut down on time and costs but also make it easier to deploy nuclear power in places that lack the infrastructure for a traditional power plant.

Data centers, industrial sites, and AI facilities are all potential customers for the kind of continuous power an SMR can supply.

Of course, NuScale isn't alone in the small nuclear reactor space. Oklo and Nano Nuclear Energy are competing for the same business. But NuScale does have first-mover advantage: It's the only company to have an SMR design certified by the Nuclear Regulatory Commission.

First-mover advantage is one thing, but securing a first customer is quite another, and right now, NuScale has yet to operate a reactor commercially. While it's advancing projects in Romania and Tennessee, the lack of commercial revenue is still concerning.

Today's Change

(

-7.61

%) $

-1.44

Current Price

$

17.48

Still, the company has policy tailwinds from the White House, which wants to quadruple U.S. nuclear capacity in the coming decades. Electricity demands are also likely to surge -- data centers are power hungry -- and novel energy technology like NuScale's will be needed to make up where the grid falls short.

NuScale carries a $6 billion market capitalization, which is sizable for a company with minimal revenue today. But if it can start selling SMRs at scale, today's valuation could look more reasonable in retrospect. Execution risks remain, but the urgency around power generation seems strong enough that NuScale's technology will likely have multiple chances to prove itself.