Market Signal Briefing

BitMine Bleeds $6 Billion: Has Tom Lee’s Ethereum Supercycle Bet Turned Fatal?BitMine holds over 4 million ETH, making any potential sale a major systemic market risk.Analysts warn forced liquidation could push Ethereum prices down another 20–40%.Staked ETH exit delays may slow selling but extend uncertainty and market pressure.As the Ethereum (ETH) price reels from a sharp sell-off, few names have drawn more attention than BitMine Immersion Technologies (BMNR), the public company chaired by Fundstrat’s Tom Lee.

Once a modest crypto-mining hardware firm, BitMine reinvented itself as the largest corporate holder of Ethereum, amassing roughly 4.24 million ETH, or about 3.5% of the total supply.

BitMine’s $6 Billion Wound Puts Tom Lee’s ETH Treasury on the BrinkWith the ETH price now trading near multi-month lows and social media buzzing about $5–7 billion in unrealized losses, a single question dominates crypto Twitter: what would actually happen if BitMine sold its Ethereum now?

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The short answer: it would likely be one of the most destabilizing liquidation events in Ethereum’s history.

Ethereum (ETH) Price Performance. Source: TradingViewA Sale the Market Isn’t Built to AbsorbAt current prices of $2,408, BitMine’s ETH stash is worth approximately $10.2 billion, down sharply from an estimated $15.6 billion invested at average entry prices closer to $3,600–$3,900.

Selling that entire position would mean unloading more than 4 million ETH into a market that typically trades tens of billions of dollars per day, yet across thousands of participants, not a single seller.

Even if executed gradually, such volume would overwhelm order books. Analysts point to historical whale liquidations showing that far smaller dumps have triggered 10–30% price crashes in hours.

In BitMine’s case, forced selling could plausibly push ETH down another 20–40%, turning today’s paper losses into realized damage.

Instead of walking away with $10 billion, BitMine might net $5–7 billion after slippage, according to market depth estimates, effectively locking in a multi-billion-dollar loss.

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Staking Makes It Slower—and MessierRoughly 2 million ETH of BitMine’s holdings are staked, earning about 2.8% annually through Ethereum’s staking mechanism. That yield, worth hundreds of millions per year at scale, would vanish immediately upon exit.

More importantly, staked ETH can’t be sold instantly. Ethereum’s exit queue could delay withdrawals for days or even weeks, meaning BitMine couldn’t dump everything at once even if it wanted to.

Ethereum Validator Queue. Source: Validator QueueIronically, that delay might spare the market from an instant collapse, but it would also prolong uncertainty, with traders front-running the expected supply overhang.

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From Crypto Supercycle to Cash PileStrategically, a sale would mark a full retreat from BitMine’s core identity. The company has positioned itself as an “Ethereum supercycle” play, even planning a Made-in-America Validator Network (MAVAN) for commercial launch in 2026. Liquidating ETH would abandon that roadmap entirely.

Tom Lee is a genius.

Bitmine is turning $ETH into the ultimate institutional reserve.

Already holding 1.5M $ETH, trading at 1.26x mNAV, and scaling toward billions.

The model: buy $ETH → stake → compound yield perpetually → accumulate more $ETH.

This machine grows reserves… pic.twitter.com/7WmY6ibdXq

— CryptoGoos (@cryptogoos) August 21, 2025 Post-sale, BitMine would morph into a mostly cash-heavy firm: several billion dollars in liquidity, minor Bitcoin exposure (about 193 BTC), and a handful of non-crypto investments, such as Beast Industries.

Volatility would drop, but so would upside. Any ETH rebound, which Lee still frames as inevitable in the long term, would be missed.

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Stock, Taxes, and Reputation FalloutFor shareholders, the optics could be brutal. BMNR stock has already fallen sharply alongside ETH, and capitulation would likely be read as surrender.

BitMine (BMNR) Stock Performance. Source: Google FinanceA further selloff, or even delisting fears, could follow, regardless of the firm’s debt-free balance sheet.

🚨 BREAKING

TOM LEE’S BITMINE IS CURRENTLY SITTING ON A $6.9 BILLION LOSS ON ETHEREUM.

THEIR STOCK DUMPED 84% AND IS NOW AT RISK OF DELISTING AND FULL LIQUIDATION.

THE SCARY PART?

WE HAVEN’T EVEN ENTERED THE BEAR MARKET YET… pic.twitter.com/jfveZnPWmW

— 0xNobler (@CryptoNobler) January 31, 2026 There’s also the tax angle. While current prices imply realized losses, earlier tranches bought lower could still trigger taxable gains, eating into proceeds. Regulators might also scrutinize a liquidation of this magnitude for potential market impact.

Finally, there’s Tom Lee himself. Few strategists have been more publicly bullish on Ethereum. A sale now would directly contradict his long-standing thesis, raising questions about conviction versus risk management.

In theory, selling would stop the bleeding. In practice, it would crystallize losses, crater ETH’s price, and dismantle BitMine’s entire strategy. That’s why, despite the noise on X (Twitter), BitMine may continue to buy and stake, not sell.

Therefore, as the Ethereum price, like Bitcoin, continues to crash this weekend, continued liquidation remains the nuclear option.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The "Hyperunit Whale" first rose to notoriety after profiting off a massive short position shortly before President Trump's October tariff announcement.

The drugmaker is doing nearly everything else right.

Mirum Pharmaceuticals (MIRM +0.29%), a mid-cap biotech, performed well last year and is maintaining that momentum so far in 2026. The company's shares have more than doubled over the trailing 12-month period.

However, as is almost always the case with smaller drugmakers, Mirum Pharmaceuticals isn't consistently profitable. If it can make solid progress toward that goal (and elsewhere), the stock might be worth investing in today. Is Mirum close to posting consistent green on the bottom line?

Image source: Getty Images.

A step forward Mirum Pharmaceuticals is a biotech that markets therapies for underserved diseases. The company developed Livmarli, a treatment for severe itching in patients with Alagille syndrome, a rare condition that can lead to liver damage. Mirum's lineup also included Cholbam, a medication indicated for the treatment of bile acid disorders, and Chenodal, which helps treat gallstones in patients undergoing gallbladder surgery. Mirum Pharmaceuticals acquired Cholbam and Chenodal from Travere Therapeutics in 2023.

Through the first nine months ended Sept. 30, 2025, Mirum Pharmaceuticals generated $372.4 million in revenue, up 56.8% year over year. The company remained unprofitable over this period, reporting a loss per share of $0.35, much better than the $1.36 loss per share in the year-ago period.

However, looking solely at the third quarter, Mirum turned in a rare net profit of $2.9 million, compared with a net loss of $14.2 million in the prior-year quarter. With much narrower net losses over the nine-month period and a net income in Q3, Mirum Pharmaceuticals does seem to be making strides toward profitability.

Today's Change

(

0.29

%) $

0.30

Current Price

$

103.22

Should you buy the stock? Mirum's top line should keep moving in the right direction. It expects $520 million in net product sales for the full 2025 fiscal year (excluding potential license revenue), so its total revenue would grow by at least 54.4% compared to 2024. But note that for 2026, Mirum Pharmaceuticals is guiding for net sales of $630 million to $650 million, or sales growth of 23.1% at the midpoint compared to 2025.

The company recently completed the acquisition of privately held Bluejay Therapeutics for $620 million in a mix of cash and stock, plus sales milestones that could reach up to $200 million. This transaction will likely harm Mirum's bottom line in the short term due to acquisition-related costs. It could boost both revenue and earnings in the long run by expanding its product lineup.

Mirum Pharmaceuticals also has key clinical catalysts on the horizon that could jolt its stock price and later drive strong sales growth. That said, there remains plenty of uncertainty here. After last year's strong run, Mirum's upside now looks more limited, and profitability seems further away given declining sales growth.

My view is that it might take a few more years for the company to turn green on the bottom line. In the meantime, although the stock has strong momentum, there is plenty of risk, too. Investors should keep that in mind before considering initiating a position.

This ETF tracks the latest 3-month U.S. Treasury Bill, offering investors daily liquidity and a competitive yield in the fixed income space.

Wealthstar Advisors disclosed in a January 30 SEC filing that it reduced its position in the F/m US Treasury 3 Month Bill ETF (TBIL +0.06%), selling 129,169 shares for an estimated $6.45 million based on quarterly average pricing.

What happenedAccording to a SEC filing dated January 30, Wealthstar Advisors, LLC sold 129,169 shares of F/m US Treasury 3 Month Bill ETF (TBIL +0.06%) during the quarter. The estimated transaction value was $6.45 million, based on the average closing price for the period. The quarter-end value of the holding decreased by $6.46 million, capturing both trading activity and underlying price movement.

What else to knowTBIL now accounts for 0.2% of 13F reportable AUM at Wealthstar Advisors, LLC.

Top holdings after the filing:

NYSEMKT: SPXL: $37.19 million (20.3% of AUM)NASDAQ: IGSB: $10.14 million (5.5% of AUM)NYSEMKT: LQD: $10.07 million (5.5% of AUM)NYSEMKT: HYG: $7.97 million (4.3% of AUM)NASDAQ: TXN: $6.71 million (3.7% of AUM)As of January 29, TBIL shares were priced at $49.85.

ETF overviewMetricValueAUM$6.31 billionDividend Yield4%Price (as of January 29)$49.851-Year Total Return4%ETF snapshotTBIL’s investment strategy seeks to track the performance of the most recently issued 3-month U.S. Treasury Bill, holding a single issue each month to provide exposure to short-term government securities.The fund portfolio consists of at least 80% of net assets invested in the current 3-month Treasury Bill, resulting in a highly liquid and low credit risk profile.Structured as an ETF, it offers daily liquidity and transparent pricing, with a competitive expense ratio designed for cost-efficient access to U.S. Treasury markets.The F/m US Treasury 3 Month Bill ETF (TBIL) provides investors with direct, efficient access to the U.S. Treasury Bill market through a simple and transparent monthly rollover strategy. The fund is designed to serve as a cash management tool or a core holding for investors seeking capital preservation and liquidity.

TBIL's disciplined approach of holding only the most current 3-month Treasury Bill each month minimizes interest rate and credit risk, while its ETF structure ensures intraday tradability and operational transparency. This makes TBIL a compelling option for institutional and individual investors focused on short-duration, high-quality fixed income exposure.

What this transaction means for investorsCapital allocation at the very short end of the yield curve is rarely about conviction and almost always about sequencing, and that’s what makes this move worth likely noting. Trimming exposure to a 3-month Treasury ETF suggests less of a view on credit or rates and more of a reassessment of how much dry powder a portfolio actually needs at this stage of the cycle.

Ultra-short Treasury ETFs like this one function as modern cash equivalents. They’re designed for capital preservation, daily liquidity, and minimal duration risk, not return maximization. Cutting the position down to a fraction of assets under management signals that excess liquidity may be getting redeployed elsewhere, rather than sitting idle waiting for clarity.

Meanwhile, the portfolio still holds meaningful exposure to longer-duration and credit-sensitive fixed income vehicles alongside equities, suggesting this was not a defensive retreat but a recalibration. In environments where yields have already normalized, the opportunity cost of holding too much cash quietly rises.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Texas Instruments. The Motley Fool has a disclosure policy.

A CCO of this leading battery solutions company recently disposed of some shares from her portfolio, but the company's stock has been more boosted than a battery pack.

Nathan Kroeker, CCO and Interim CFO of Eos Energy Enterprises, Inc. (EOSE 9.13%), disposed of 50,000 shares for a total consideration of approximately $802,000 on Jan. 26, 2026, via an option exercise and immediate sale as disclosed in a SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)50,000Transaction value~$802,000.0Post-transaction shares (direct)662,512Post-transaction value (direct ownership)~$10.73 millionTransaction value based on SEC Form 4 weighted average purchase price ($16.04); post-transaction value based on Jan. 26, 2026 market close ($16.19).

Key questionsHow did this sale affect Nathan Kroeker's ownership in Eos Energy Enterprises, Inc?
His direct shareholding decreased by 7.0% to 662,512 shares, with no mention of a transaction of indirect shares. How does the size of this transaction compare to Kroeker's historical trading activity?
This sale was smaller than the most recent prior sell event (152,856 shares in May 2025) and the recent median sell size of 85,377 shares.Company overviewMetricValue*Price$14.64Market capitalization$4.74 billionRevenue (TTM)$63.46 million*1-year price change169.12%*Price and 1-year price change calculated using Jan. 31, 2026 as the reference date.

Company snapshotEos Energy Enterprises, Inc. designs and manufactures stationary battery storage solutions, with the Eos Znyth DC battery system as its flagship product. It focuses on long-duration energy storage, delivering reliable, sustainable solutions to utility, commercial, industrial, and renewable energy clients across the U.S.

What this transaction means for investorsAlong with the 50,000 shares sold on Jan. 26, the filing also shows that Kroeker acquired 100,000 shares beforehand through an issuer incentive plan, in which the company grants restricted stock units (RSUs) to an insider, with each RSU equivalent to one share of common stock.

Also, the shares later sold were part of a Rule 10b5-1 trading plan, under which the company automatically sold 50k shares to cover taxes on the shares Kroeker gained. Therefore, the transactions weren’t discretionary on those specific days; they were scheduled in advance.

Nonetheless, Eos Energy stock has been on a strong run so far, and the company announced in January the launch of its new energy storage solution, Eos Indensity, which will provide energy storage at a power grid scale. Share prices skyrocketed by approximately 131% in 2025 and rose another 25% in January 2026. And with a continued global shift towards electric energy, Eos is well-positioned to capitalize on a rising market.

Adé Hennis has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

SAN DIEGO, Jan. 31, 2026 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fermi Inc. (NASDAQ: FRMI): (i) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with Fermi’s October 2025 initial public offering (“IPO”); and/or (ii) securities between October 1, 2025 and December 11, 2025, both dates inclusive (the “Class Period”), have until Friday, March 6, 2026 to seek appointment as lead plaintiff of the Fermi class action lawsuit. Captioned Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.), the Fermi class action lawsuit charges Fermi, certain of Fermi’s top executives and directors, and underwriters of Fermi’s IPO with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934.

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

https://www.rgrdlaw.com/cases-fermi-inc-class-action-lawsuit-frmi.html

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

CASE ALLEGATIONS: Fermi purports to be an energy and AI infrastructure company. In its October 2025 IPO, Fermi sold 37,375,000 shares of common stock at a price of $21.00 per share.

The Fermi class action lawsuit alleges that in the IPO’s offering documents and throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose: (i) that Fermi overstated its tenant demand for its Project Matador campus; (ii) the extent to which Project Matador would rely on a single tenant’s funding commitment to finance the construction of Project Matador; and (iii) that there was a significant risk that the tenant would terminate its funding commitment.

The Fermi class action lawsuit further alleges that on December 12, 2025, Fermi revealed the first tenant for its anticipated Project Matador AI campus had terminated its $150 million Advance in Aid of Construction Agreement, which would have supplied construction costs for the facility. On this news, the price of Fermi stock fell nearly 34%, according to the complaint.

The complaint alleges that by the commencement of the Fermi class action lawsuit, the price of Fermi stock has traded as low as $8.59 per share, a 59% decline from the $21.00 per share IPO price.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Fermi common stock pursuant and/or traceable to the IPO’s offering documents and/or during the Class Period to seek appointment as lead plaintiff in the Fermi class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Fermi investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Fermi shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Fermi class action lawsuit.

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

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

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

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

Micron (MU) stock has been in a strong bull run since April 2025, when it bottomed at $62. It has soared to $415, making it one of the top gainers in the S&P 500 Index and Nasdaq 100. 

Despite this surge, the stock has more upside in 2026 as the artificial intelligence tailwinds remain. It is also seeing elevated demand for its Dynamic Random Access Memory (DRAM) and NAND memory as the global supply constraints remain. 

Micron’s stock upside is also supported by its cheap valuation metrics, bullish analyst forecasts, and its technicals. 

Micron Stock is Benefiting From Unprecedented Memory Demand Copy link to section

The ongoing AI spending and data center build-up have more room to run, even as concerns of the bubble bursting remain. In a recent note, Goldman Sachs analysts estimated that AI companies will spend over $525 billion this year.

Memory companies stand to benefit from this boom, which explains why firms like Micron, Sandisk, and Western Digital were the top gainers in the S&P 500 Index in 2025.

These stocks jumped because of the ongoing supply shortage in the High Bandwidth Memory industry, with supply for 2026 being sold out. 

In its recent earnings report, Sanjay Mehrotra, Micron’s CEO, noted that it had completed supply and pricing agreements for the year. He also noted that the HBM industry’s total addressable market would jump from $35 billion in 2025 to $100 billion in 2028. 

This growth is demonstrated by the company’s earnings, which have continued to beat analysts’ estimates. Its annual revenue grew from $27 billion in 2021 to $37 billion in FY’25, and analysts see it reaching $88 billion in 2027. 

Micron’s revenue growth will be accompanied by higher margins as it has higher pricing power. Indeed, in a recent note, analysts at Nomura Securities noted that Sandisk, another top memory company, could double the prices of its 3D NAND memory devices. 

The memory industry has always been characterized by booms and busts. This happened as companies boosted their supplies whenever demand rose. 

However, the complexity of the current HBM devices means that it is hard to boost supply. In Micron’s case, it will only be able to boost supply in the second half of 2027 when its Idaho fab comes online. It will be followed by the second fab in the state and the new one in New York. 

MU Stock is a Bargain in all Measures Copy link to section

It is always difficult to recommend a stock trading at a record high. However, a closer look at Micron’s numbers and growth prospects shows that it is a bargain. 

The most recent results showed that Micron’s revenue grew by 57% YoY to $13.6 billion. Its gross margin grew by 11 percentage points to 56.8%.

Wall Street analysts are optimistic that the company has more room to grow. The average estimate is that its second-quarter revenue will grow by 132% to $18.75 billion. Its annual revenue is expected to jump by 98% to $74 billion. Micron’s earnings per share is also expected to soar to $32.9 from the previous $8.29. 

Therefore, with such strong numbers and its market share, one would expect a premium valuation for the company. However, data shows that the company has a forward price-to-earnings (P/E) ratio of 11, much lower than other similar companies. SanDisk has a multiple of 32, while Western Digital has 23. 

Additionally, the company has a forward price-to-earnings-to-growth (PEG) ratio of 0.22, lower than the industry’s median of 1.06. 

Micron’s Rule-of-40 metric also illustrates its valuation discrepancy. It has a forward growth estimate of 98% and a net profit margin of 28%. This gives it a Rule-of-40 metric of 126%, higher than popular AI companies like NVIDIA and Palantir. 

Is Micron Stock a Good Buy? Copy link to section

Most Wall Street analysts are largely bullish on Micron’s shares. 25 analysts have a buy rating, while two have a hold. The average target for the stock is $333, representing a ~3.3% drop from the current level.

Micron analyst ratings | Source: TipRanks

However, some recent analysts have boosted their targets, with Mizuho’s Vijay Rakesh moving it from $290 to $390. JPMorgan’s estimate is $350, while Piper Sander and UBS’s targets are $400. The most upbeat analyst is Rosenblatt’s Kevin Cassidy, who sees it rising to $500. 

Technicals Suggest a Brief Pullback Followed by a Rebound Copy link to section

While Micron has strong fundamentals, technicals suggest that it will have a brief pullback followed by a rebound. The weekly chart below shows that the stock has gotten highly overbought, with the Relative Strength Index (RSI) and the Stochastic Oscillator moving to their extreme levels.

It also remains much higher than the 100-week Exponential Moving Average (EMA), which is at $138. These indicators mean that a brief pullback, potentially to $300 is possible. It will then bounce back and possibly end the year at $450.

MU stock chart | Source: TradingViewThe Bottom Line Copy link to section

Micron stock has been in a strong bull run, helped by the ongoing AI boom and its strong growth metrics. Its revenue and profitability growth will likely accelerate this year as the supply constraints in the memory industry remain. 

Most valuation models show that MU is a bargain, while most analyst have a buy rating on the company. These fundamentals mean that the stock has more upside to go. 

However, technicals suggest that the stock has become highly overbought, raising the possibility of a brief pullback as investors book profits. Such a pullback may form a good entry point for bulls. 

The Chief Legal Officer of a leading fiber optic manufacturer sold thousands of shares to close out the month of January 2026. And while the stock has been performing well, there's room for concern.

Applied Optoelectronics (AAOI +10.21%) Senior Vice President and Chief Legal Officer David C Kuo reported the sale of 12,000 directly held shares of approximately $540,660 on Jan. 28, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)12,000Transaction value$540,660.0Post-transaction shares (direct)114,636Post-transaction value (direct ownership)$5,184,986.3Transaction value based on SEC Form 4 reported price ($45.05); post-transaction value based on Jan. 28, 2026 market close ($45.05).

Key questionsHow did this sale impact David C Kuo's remaining direct stake in Applied Optoelectronics?
The transaction reduced Kuo's direct holdings by 9.48%, leaving him with 114,636 shares, which equals 0.17% of total shares outstanding as of Jan. 28, 2026, the day of the transaction. How does the trade size compare to Kuo's historical sale patterns?
This 12,000-share sale is consistent with Kuo's recent median sale size of 12,250 shares per transaction, as observed since November 2024, and reflects a pattern of regular dispositions. Company overviewMetricValue*Price$43.61Market capitalization$2.98 billionRevenue (TTM)$421.71 million*1-year price change64.38%* Price and 1-year performance calculated using Jan. 31, 2026 as the reference date.

Company snapshotApplied Optoelectronics, Inc. is a leading provider of advanced fiber-optic networking products, with a focus on high-speed and high-capacity data transmission solutions. Its clients span data centers, cable television networks, as well as internet and utility service providers in the U.S., China, and Taiwan.

What this transaction means for investorsKuo’s sale of shares was part of a Rule 10b5-1 trading plan, meaning it was prescheduled in advance, so this was not a transaction in which the insider sold the shares at his discretion on the exact day of the reported sale.

Even though AAOI share prices increased approximately 20% in January 2026, the stock had an underwhelming performance in 2025, falling around 4% for the entire year. And beyond its stock, there are major concerns about the company’s net margins.

Applied Optoelectronics has posted negative net losses since 2019, as it struggles with high operating costs, a problem not exclusive to the company. The fiber optic market is expensive, as implementing fiber solutions in the U.S. is difficult due to the need to navigate infrastructure, especially in rural areas where fiber optic services don’t even exist in some areas.

While the stock currently has a fairly decent one-year return, investors may want to monitor the company’s operational struggles, because the consistent negative margins are alarming.

Adé Hennis has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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Stocks Fall To Key Levels, Silver Dives; Meta, Viking, Guardant Health In Focus Tesla's China EV rivals XPeng (XPEV), Xiaomi (XIACY), Nio (NIO), Li Auto (LI) and perhaps BYD (BYDDF) will report January sales on Sunday. Tesla (TSLA) doesn't report monthly sales, but investors will get figures from industry data in early February. China's new energy vehicle retail sales were estimated to total 800,000 in January, according to the China Passenger Car Association,…

, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that investors in SLM Corporation a/k/a Sallie Mae (NASDAQ: SLM; SLMBP) securities between July 25, 2025 and August 14, 2025, both dates inclusive (the "Class Period"), have until Tuesday, February 17, 2026 to seek appointment as lead plaintiff of the SLM class action lawsuit. Captioned Zappia v. SLM Corporation a/k/a Sallie Mae, No. 25-cv-18834 (D.N.J.), the SLM class action lawsuit charges SLM as well as certain of SLM's top executives with violations of the Securities Exchange Act of 1934.

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

https://www.rgrdlaw.com/cases-slm-corporation-a-k-a-sallie-mae-class-action-lawsuit-slm-slmbp.html

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

CASE ALLEGATIONS: SLM, through its subsidiaries, originates and services private education loans ("PELs").

The SLM class action lawsuit alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) SLM was experiencing a significant increase in early stage delinquencies; and (ii) accordingly, defendants overstated the effectiveness of SLM's loss mitigation and/or loan modification programs, as well as the overall stability of SLM's PEL delinquency rates.

The SLM investor class action further alleges that on August 14, 2025, investment bank TD Cowen issued a report addressing SLM, flagging that, "[o]verall, July [2025] delinquencies were up 49 bp m/m, higher (worse) than the seasonal (+10 bps) performance for July, driven by a 45 bps increase in early stage delinquencies." Notably, TD Cowen's findings directly contradicted assurances made by SLM's CFO, defendant Peter M. Graham – made late in the month of July 2025 – that defendants were observing delinquency rates that "really are following the normal seasonal trends we would expect in the business," the complaint alleges. Following this news, the price of SLM's stock fell by approximately 8%, the SLM shareholder class action claims.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who invested in SLM securities during the Class Period to seek appointment as lead plaintiff in the SLM class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the SLM investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the SLM shareholder class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the SLM class action lawsuit.

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

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

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

Contact:

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

SOURCE Robbins Geller Rudman & Dowd LLP

hVIVO plc (OPORF) Q4 2025 Sales/Trading Call January 29, 2026 1:00 PM EST

Company Participants

Yamin Khan - CEO & Director
Stephen Pinkerton - CFO & Executive Director

Presentation

Operator

Good afternoon, ladies and gentlemen. Welcome to the hVIVO FY '25 Trading Update. [Operator Instructions]

Before we begin, we'd like to submit the following poll. And as usual, I'm sure the company will be delighted with your participation. I'd now like to hand over to the management team, Stephen, Mo, good afternoon.

Yamin Khan
CEO & Director

Good afternoon. Thank you for that. So just before we start, thank you very much for taking the time out to listen to this presentation. I'm Yamin Mo Khan. I'm the CEO of hVIVO. I've been here around 4 years. I have here with me, Stephen.

Stephen Pinkerton
CFO & Executive Director

I am Stephen Pinkerton, and I've been with the company for about 8, 9 years, coming up to 9 years now, CFO for the last...

Yamin Khan
CEO & Director

Thank you. So this is the trading update for full year 2025, the unaudited trading update. We will provide the full audited results coming up in April of 2026. One of the things we have changed from previous years is that we will try and focus giving more detailed information in our April and September updates rather than in January. As you can imagine, these are very busy times and it's very difficult to gather all the information in one place for all of you. But this is something we will be going forward in line with most publicly reported companies, I believe.

So as we go into this, this is the obligatory disclaimer that we have to go through. And what I'll do is I'll basically have Stephen go through the numbers

Intel has had a rough go of things in recent years, but is this industry leader turned underdog primed for a comeback?

Do you like Rocky? I like Rocky. Who doesn't love an underdog story? The soundtrack is great, Sylvester Stallone puts on a spectacular performance, and Carl Weathers is great as Apollo Creed.

Well, Intel (INTC 4.50%) is an over-the-hill company facing the same odds Mr. Balboa was, but unlike the Italian Stallion I don't think Intel will snatch victory from the jaws of certain defeat.

Image source: Getty Images.

The company used to rule the semiconductor world as the largest manufacturer of semiconductor chips on the planet. But its fall from grace in the 2010s was spectacular and in 2017 it lost its crown to Samsung (SSNL.F +55.02%). And its decline has not stopped despite an $8.9 billion shot in the arm from Uncle Sam.

Government investment might have stabilized Intel for now, but in the long run I don't see it pulling out of this tailspin.

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Intel's not inside anymore Intel is a struggling company that has seen its revenue on a rapid decline since 2021. Apple (AAPL +0.62%) used to use Intel processors in its MacBook line and I'm sure we all remember the "Intel Inside" tag line back in the day.

But Apple started the process of replacing Intel in 2020 and finished the breakup in 2023 when it stopped selling the last Intel models of its laptop lines. The revenue falloff since then has been staggering.

For December 2021, Intel recorded revenue of $79 billion. The next year, its revenue dropped to $63 billion. Then to $54.2 billion in 2023, $53.1 billion in 2024, and in 2025 it only recorded revenue of $52.8 billion. In all, 2025's revenue is a 33% decline from 2021.

Intel's profit margins are also looking very rough. Intel's gross margin for Q4 2025 was 37%, down 4.2% year over year and its operating margin for the whole of 2025 is -4.2%, and negative margins aren't a good sign to say the very least. Worse still, Intel projects that same rate of profitability decline into Q1 2026. The company is also carrying some serious debt relative to its cash reserves. Total debt stands at $46 billion while Intel's cash reserves are at $14.2 billion.

The government investment does stand to help Intel and gives it a seriously powerful benefactor in its corner. It seems the government's goal is to bolster America's domestic semiconductor production. To that end, Intel is investing $36 billion into two new semiconductor factory in Ohio and $32 billion into two new factories in Arizona.The first Ohio plant was originally meant to begin production in 2025 or 2026 but it had to delay the plant's opening until at least 2030, citing financial pressures, that's also not a good sign.

So, we're unlikely to see any payoff on the thing the government invested in Intel for until the start of the next decade at the earliest. Now, Intel does have enough inertia to keep going like this for a while. Despite declining revenues it's still bringing in over $50 billion annually and the company's hardware is still ubiquitous in the PC and server CPU market where it holds 72% market share. But even in Intel's stronghold Advanced Micro Devices (AMD 6.09%) is chipping away at Intel's dominance.

And, despite Intel's surge in late 2025, over the past five years it has only returned 6% to the S&P 500's 79.9%. I don't think Intel is going to $0 either through bankruptcy or total collapse of its business. It's simply too big for that to happen in the short term and the company has enough assets it can sell off or leverage to keep the lights on.

However, if something doesn't change in company leadership or Intel doesn't start aggressively trying to get new hardware deals to replace the one it lost in Apple, then I think it is consigned to the slow death of having its once dominant market share gobbled up by younger and/or more innovative competitors. In short, it will go out not with a bang but with a whimper.

Rocky Balboa might have been able to go the full 15 rounds with Apollo Creed, but Intel doesn't look like it has enough fight in it to get past round three from where I'm standing. Intel isn't likely to be headed to $0 but it's certainly not reclaiming its title anytime soon.

By Reuters

January 31, 20267:39 PM UTCUpdated ago

Waymo driverless taxi drives in lower Manhattan in New York City, U.S., November 26, 2025. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

CompaniesJan 31 (Reuters) - Alphabet (GOOGL.O), opens new tab unit ​Waymo is ‌aiming to raise about $16 billion ‌in a financing ​round that would ‍value it at nearly $110 billion, ⁠Bloomberg ‍News reported on ‌Saturday, ‌citing people familiar with ⁠the ⁠matter.

Reuters ​could not immediately verify the ‍report.

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Reporting by Anusha Shah ​in ‍Bengaluru; Editing by ​Alistair Bell

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Can the chip giant convince investors once again that it is indeed capable of turning its fortunes around?

Intel (INTC 4.50%) investors received a reality check after the company released its fourth-quarter 2025 results on Jan. 22, with the stock shedding nearly 17% in a single session. But it is worth noting that the stock is still up by a massive 111% over the past year.

Intel stock has soared remarkably in the past year due to improving investor confidence, which has been fueled by the company's turnaround efforts and key investments from Nvidia, SoftBank, and the U.S. government. However, the company's poor guidance led investors to book profits, as they are probably worried about Intel's ability to emerge from the rut it is in and successfully execute its turnaround.

Does this mean Intel stock will be under pressure in the coming year and underperform the broader market? Let's find out.

Image source: Intel.

Intel's guidance was bad, but the bigger picture remains intact Intel ended 2025 with $53 billion in revenue, flat from the year-ago period. Importantly, the company swung to non-GAAP profit of $0.42 per share, compared with a loss of $0.13 per share in 2024. Intel was aiming to save $10 billion in costs last year by reducing its workforce.

Investors seemed happy with this turnaround effort, especially considering that Intel seemed primed to jump onto the artificial intelligence (AI) gravy train through its partnership with Nvidia and the progress it has been making on its advanced chip nodes. But the big jump in Chipzilla's shares inflated its valuation.

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The stock is trading at 88 times trailing earnings, and the forward earnings multiple of 75 isn't cheap, either. So, when Intel pointed out that it expects to deliver break-even earnings per share in the current quarter as compared to a profit of $0.13 per share in the year-ago period, investors pressed the panic button. A year-over-year decline in earnings doesn't justify the expensive valuation Intel is trading at.

There are a couple of reasons why Intel's guidance was below par. First, the company is unable to satisfy the demand for its chips. Intel management pointed out on the latest earnings call that supply constraints "meaningfully limited our ability to capture all of the strengths in our underwriting markets." Intel added that the supply challenges will be "most acute" in the current quarter.

Second, Intel is struggling with chip production yields, which refers to the number of functional, defect-free chips produced from a silicon wafer that can be sold to customers. This factor is weighing on both its top and bottom lines. For instance, the yields on Intel's advanced 18A process -- which is supposed to help it compete with Taiwan Semiconductor Manufacturing -- are lower than the company's expectations.

The good news is that Intel's yields have been improving steadily, with CEO Lip-Bu Tan pointing out that the company is achieving a 7% to 8% improvement every month. Moreover, Intel estimates that supply will start improving from the second quarter, with the situation anticipated to improve with each passing quarter in 2026.

This should enable the company to meet the healthy demand for its chips. Importantly, Intel's data center and AI (DCAI) business recorded 15% growth sequentially to $4.7 billion. This was the fastest sequential growth Intel's DCAI business recorded in a decade. The company's custom AI processors are also witnessing healthy demand. Sales of these chips jumped by 50% from the prior-year period, and the business now boasts an annualized revenue run rate of more than $1 billion.

All this suggests the stock could regain momentum as the year progresses, once Intel convinces investors that its turnaround story remains intact.

Is more upside possible in the coming year? Intel stock is priced for perfection, according to analysts. Its 12-month price target of $45 is almost in line with its current stock price. Moreover, nearly 70% of the 48 analysts covering Intel rate it as a hold, with just 19% suggesting buying the stock.

With the company expected to deliver an increase of just 16% in earnings this year to $0.49 per share, it is easy to see why Wall Street isn't expecting more upside in the coming year. However, Intel stock could regain its mojo as it works through supply issues, which could eventually lead to higher revenue and earnings growth in 2026 once it can fulfill strong underlying demand.

For instance, brokerage firm Northland Securities raised its price target on Intel stock to $54 from $46 following its latest report, citing that the company's guidance seems conservative. Northland's price target points toward a potential jump of 23% from current levels, though don't be surprised to see this semiconductor stock do better than that in the coming year, as it has the potential to deliver stronger-than-expected growth.

The blue Ford oval logo is displayed on the new Ford World Headquarters in Dearborn, Michigan, U.S. November 16, 2025. REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights, opens new tab

CompaniesJan 31 (Reuters) - Ford (F.N), opens new tab has held talks with electric-vehicle maker Xiaomi (1810.HK), opens new tab about forming a joint venture to manufacture EVs in the U.S., the Financial Times reported on Saturday, citing people familiar with the matter.

Reuters could not immediately verify the FT report, which Ford denied, calling it "completely false". Both Ford and Xiaomi did not immediately respond to Reuters' request for comment.

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Some major U.S. automakers and lawmakers are concerned about Chinese government-backed automakers and battery manufacturers gaining entry to the United States to open manufacturing plants, arguing the industry's future is at stake.

Earlier this week, the Republican chair of a U.S. House committee sent a letter to Ford CEO Jim Farley asking about the automaker's plans to form a joint venture with Chinese automaker BYD, and warning about potential risks.

"China has already shown in recent months that it will weaponize the auto supply chain. This is a serious vulnerability and it would only get worse if Ford enters into a new partnership with BYD," Representative John Moolenaar said in the letter sent on Wednesday.

Moolenaar also raised concerns about the automaker’s plans to build a $3 billion data center making batteries with technology from Chinese company CATL (300750.SZ), opens new tab.

North American automakers have scaled back their costly EV push after struggling to keep pace with Chinese rivals, losing out on tax credits and pivoting toward cheaper models and hybrids instead.

Ford said in December last year it would take a $19.5 billion writedown and scrap several EV models.

Reporting by Anusha Shah in Bengaluru; Editing by Nia Williams

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Evolution AB (EVVTY) trades at just 11x forward earnings, reflecting deep market skepticism despite sector-leading 66%+ EBITDA margins and strong free cash flow.

The recent share price drop in Microsoft stock looks like an overreaction.

The share price of Microsoft (MSFT 0.83%) sank despite the tech giant reporting strong quarterly results for its fiscal 2026 second quarter. The drop appears to be largely attributed to higher operating expense guidance and its dependence on OpenAI. The stock is now down slightly over the past year, as of this writing.

Let's dig into the company's report and prospects to see if this dip is a buying opportunity.

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Cloud growth leads the way Microsoft's cloud computing unit, Azure, once again was its biggest growth driver in the quarter, with revenue soaring 39% (38% in constant currencies). It was the 10th straight quarter that Azure revenue climbed by 30% or more, as demand for compute power and artificial intelligence (AI) services continues to drive results. Commercial bookings, which should be a harbinger of future revenue, soared 230%, led by large commitments from OpenAI and Anthropic.

Image source: Getty Images.

Microsoft's total revenue rose by 17% year over year to $81.3 billion, with adjusted earnings per share (EPS) climbing 24% to $4.14. The results topped the analyst consensus for $80.3 billion in revenue and $3.97 in EPS, as compiled by LSEG.

Overall "intelligent cloud" revenue, which includes Azure, increased by 29% year over year to $32.9 billion. Its productivity and business processes segment, where Microsoft 365 and LinkedIn sit, saw revenue rise 16% year over year to $34.1 billion. Growth was strong across its four main solutions in the segment (in the table), led by a 29% jump in Microsoft 365 Consumer cloud revenue, helped by an earlier price increase and 6% subscriber growth.

ProductQ2 Revenue Growth (YOY)Microsoft 365 Commercial17%Microsoft 365 Consumer29%LinkedIn11%Dynamics19% Data source: Microsoft press release. YOY = Year over year.

Revenue in its "more personal computing" segment, which is home to Windows and Xbox, fell by 3% year over year to $14.3 billion. Its search and news advertising business, which is also part of the segment, led the way with revenue rising 10%. Windows OEM and device revenue, meanwhile, grew by 1%, while Xbox revenue slipped 5%.

Looking ahead, the company forecast fiscal 2026 Q3 revenue of between $80.65 billion to $81.75 billion, while analysts were looking for revenue of $81.19 billion. It projected Azure revenue would climb by between 37% and 38% in constant currencies.

Is it time to buy the dip? With its stock now trading at a forward price-to-earnings (P/E) ratio of 26 times based on fiscal 2026 analyst estimates (ending June 2026) and 23 times fiscal 2027 estimates, Microsoft's stock is attractively priced for the growth it is producing. Azure is its main growth engine, and its still-tight relationship with OpenAI ensures this strong growth will continue over the next several years. Meanwhile, it's also seeing momentum with its Copilot AI assistants, with daily active users up 10x year over year and seats climbing 160%.

Given the strength it is seeing with Azure and copilots, I'd be a buyer of the stock on this dip. While its reliance on OpenAI adds some risk, if OpenAI fails, so does most of the AI market at this point.

BSCR offers defined-maturity exposure to investment grade corporate bonds maturing in 2027 through a transparent ETF structure.

GPM Growth Investors reported a sale of 355,263 shares of the Invesco BulletShares 2027 Corporate Bond ETF (BSCR +0.10%) on January 30, with an estimated transaction value of $7.01 million based on quarterly average pricing.

What happenedAccording to a Securities and Exchange Commission (SEC) filing dated January 30, GPM Growth Investors reduced its holding in the Invesco BulletShares 2027 Corporate Bond ETF (BSCR +0.10%) by 355,263 shares. The estimated transaction value was $7.01 million based on the average closing price for the quarter. Meanwhile, the quarter-end value of the BSCR position dropped by $7.00 million, including both trading activity and price movement.

What else to knowThis was a sell, lowering the BSCR stake to 0.13% of GPM Growth Investors, Inc.’s 13F reportable AUM.

Top five holdings after the filing:

NASDAQ: GOOGL: $26.23 million (10.2% of AUM)NASDAQ: MSFT: $21.53 million (8.4% of AUM)NASDAQ: BSCS: $13.64 million (5.3% of AUM)NASDAQ: BSCT: $13.44 million (5.2% of AUM)NASDAQ: AAPL: $12.99 million (5.1% of AUM)As of January 29, BSCR shares were priced at $19.72, up 1.3% over the past year.

ETF overviewMetricValueAUM$4.42 billionYield4.26%Price (as of 1/29/26)$19.721-Year Total Return6%ETF snapshotBSCR’s investment strategy targets U.S. dollar-denominated investment grade corporate bonds maturing in 2027, offering a defined maturity investment approach.The portfolio is composed of a diversified selection of high-quality corporate bonds, with at least 80% of assets allocated to securities in the 2027 maturity cohort.It’s structured as an exchange-traded fund with a transparent, rules-based index methodology.The Invesco BulletShares 2027 Corporate Bond ETF provides investors with targeted exposure to investment grade corporate bonds maturing in 2027, combining the benefits of bond laddering with ETF liquidity and transparency. The fund's defined maturity structure allows for precise portfolio planning and risk management. With a substantial asset base and a focus on high-quality issuers, BSCR is positioned as a practical tool for fixed income allocation and cash flow management.

What this transaction means for investorsDefined-maturity bond ETFs like this one are typically used as precision tools, not conviction bets. When a manager reduces exposure at this point in the lifecycle, it usually reflects portfolio timing or ladder maintenance rather than a sudden change in credit outlook.

At roughly one year from maturity, most of the return profile is already known. Credit risk has largely collapsed into yield capture, and price sensitivity narrows. Trimming exposure here frees capital that can be redeployed either further out on the curve for incremental yield or closer in for liquidity (which may explain why the fund also loaded up on 2030 bonds). That context matters, especially given the fund’s remaining exposure to other BulletShares ETFs maturing later, which suggests this is a rotation and not a retreat.

Plus, the fund’s performance supports that view. With the ETF up just over 1% over the past year, most of the heavy lifting has already been done through income, not price appreciation. Selling now locks in that income while avoiding reinvestment risk at maturity.

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.

The Invesco BulletShares 2030 Corporate Bond ETF targets investment grade bonds with a defined maturity and a rules-based, transparent strategy.

On January 30, GPM Growth Investors, Inc. disclosed a new position in the Invesco BulletShares 2030 Corporate Bond ETF (BSCU +0.12%), acquiring 440,939 shares in an estimated $7.46 million trade based on quarterly average pricing.

What happenedAccording to a filing with the Securities and Exchange Commission dated January 30, GPM Growth Investors added 440,939 shares of the Invesco BulletShares 2030 Corporate Bond ETF (BSCU +0.12%). The quarter-end value of the position was $7.46 million, reflecting the addition and price movement.

What else to knowThis new position represents 2.91% of the fund’s 13F reportable assets under management as of December 31.

Top holdings after the filing:

NASDAQ:GOOGL: $26.23 million (10.2% of AUM)NASDAQ:MSFT: $21.53 million (8.4% of AUM)NASDAQ:BSCS: $13.64 million (5.3% of AUM)NASDAQ:BSCT: $13.44 million (5.2% of AUM)NASDAQ:AAPL: $12.99 million (5.1% of AUM)As of January 29, BSCU shares were priced at $16.90, up 3% over the past year.

ETF overviewMetricValueAUM$2.27 billionYield4.58%Price (as of 1/29/26)$16.901-Year Total Return8%ETF snapshotBSCU’s investment strategy focuses on tracking a portfolio of U.S. dollar-denominated investment grade corporate bonds maturing in 2030, using a sampling methodology to replicate the index.The underlying holdings are primarily investment grade corporate bonds, with the fund aiming to hold at least 80% of assets in securities from the target index.Structured as a non-diversified ETF, the fund offers investors exposure to a defined-maturity bond portfolio with a transparent, rules-based approach.The Invesco BulletShares 2030 Corporate Bond ETF provides targeted exposure to investment-grade corporate bonds maturing in 2030, appealing to investors seeking defined maturity and predictable income streams. The fund's strategy leverages a rules-based index and a sampling approach to balance diversification and tracking efficiency. With a competitive yield and a substantial asset base, the ETF is positioned as a core solution for fixed income allocations with a specific maturity horizon.

What this transaction means for investorsWhat matters here is not the size of the trade but the maturity choice. Adding exposure at the 2030 point reflects a deliberate move to lock in income while preserving flexibility in a rate environment that still refuses to normalize.

Defined-maturity bond ETFs are increasingly being used as building blocks rather than passive yield plays. A 2030 allocation sits far enough out to offer meaningfully higher yields than short-term cash alternatives, while remaining close enough to limit duration risk if rates stay elevated longer than expected. That balance is the entire appeal of a laddered approach.

At roughly $16.90 per share, the fund has delivered modest price appreciation over the past year, but that misses the point. Investors here are buying certainty, not momentum. The underlying portfolio holds investment-grade corporate bonds with staggered maturities that naturally roll down the curve, converting price volatility into predictable cash flow over time.

This fund is being slotted alongside equities and other fixed income tools, suggesting it’s being used to anchor income rather than chase returns. For long-term investors, that signals discipline. A bond ladder built with defined maturities allows capital to be redeployed deliberately, not reactively, as markets evolve.

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.

GE Vernova Today

$726.04 +8.65 (+1.21%)

As of 01/30/2026 03:59 PM Eastern

52-Week Range$252.25▼

$752.02Dividend Yield0.28%

P/E Ratio40.79

Price Target$752.26

Power and electrification company GE Vernova NYSE: GEV was a standout performer in 2025, delivering a total return of approximately 99%.

Shares are already up by almost 10% in 2026, buoyed by the company’s latest earnings report. 

GE Vernova continues to see explosive demand in its Power and Electrification segments, leading the company’s backlog to historic levels.

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However, with shares trading at a significant premium to the overall market and the industrials sector, the company’s results warrant close examination to assess its outlook.

GEV Beats on Revenue, Sees Large Tax Benefit GE Vernova released its Q4 2025 earnings before the market opened on Jan. 28. It posted sales of just under $11 billion, or growth of 3.8%. This figure easily beat estimates of $10.2 billion, implying a revenue decline of 3.4%.

The company also posted a massive beat on earnings per share (EPS), with the figure coming in at $13.39. This is compared to estimates of $2.99. However, it is important to note that this was largely due to a $2.9 billion tax benefit the company received, boosting its net income. Absent this benefit, the company’s EPS would have been near or below estimates.

This was a one-time, non-cash benefit and is not overly material to the company’s outlook. This is partly why, despite the huge EPS beat, GEV shares rose only 2.7% on the day of the release.

Orders, Backlog, Margins and Guidance Continue to Show Strength GEV’s underlying metrics also impressed. Orders continued to grow at a very brisk pace, rising to $22.2 billion. This was a 43% increase versus $14.6 billion just one quarter ago. The company also saw its backlog rise by $15 billion to $150 billion.

The Power and Electrification segments largely drove this, with orders rising 50% and 45%, respectively, compared to Q3 2025. The backlogs in these segments also rose 12% and 15% during the same period. The moral of the story is that GE Vernova is receiving orders far faster than it can fill them. The company’s approximately 2x book-to-bill ratio may be the best indicator of this dynamic. During the quarter, the value of products or services customers agreed to receive in the future was double GEV’s revenue. This provides strong visibility into the company’s ability to continue growing sales.

The company also achieved significant improvements in profitability. Notably, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose by 40 basis points to 10.7%. Additionally, over the full year, GEV’s free cash flow rose 118% to $3.7 billion.

The company boosted its guidance projections to account for its planned acquisition of GE Prolec, which it expects to close on Feb. 2. It now sees itself generating $56 billion in revenue by 2028, up from prior estimates of $52 billion. Furthermore, GEV anticipates that from 2025 to 2028, it will generate cumulative free cash flow of over $24 billion, indicating very significant growth going forward.

Updated Targets Imply +15% Upside After Stellar 2025 Overall MarketRank™77th Percentile

Analyst RatingModerate Buy

Upside/Downside3.6% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment0.92 Insider TradingN/A

Proj. Earnings Growth67.83%

See Full Analysis

Wall Street analysts significantly upgraded their forecasts on GE Vernova shares after the company’s earnings report. Citigroup raised its price target by approximately 10% to $779. TD Cowen also lifted its projections, moving its price target up almost 15% to $780.

The MarketBeat consensus price target on GE Vernova sits just above $731, implying approximately 2% upside versus the stock’s Jan. 29 closing price. However, price targets updated between Jan. 28 and Jan. 29 are significantly more bullish, averaging around $842. This figure suggests that shares could rise 17%.

GEV’s forward price-to-earnings ratio (P/E) sits at approximately 54x. This is more than double the S&P 500’s forward P/E of 22x, and the S&P 500 industrial sector’s forward P/E of 25x. Despite its premium valuation, with robust demand and strong expected free cash flow growth, GE Vernova continues to look reasonably attractive. Still, given GEV's price, an unexpected bump in the road could exert serious downward pressure on the stock.

Should You Invest $1,000 in GE Vernova Right Now?Before you consider GE Vernova, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.

While GE Vernova currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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MarketBeat's analysts have just released their top five short plays for February 2026. Learn which stocks have the most short interest and how to trade them. Click the link to see which companies made the list.

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NEW YORK, Jan. 31, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Stellar Bancorp, Inc. (NYSE: STEL)’s sale to Prosperity Bancshares, Inc. for 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock. If you are a Stellar shareholder, click here to learn more about your legal rights and options.

Gold Resource Corporation (NYSE American: GORO)’s sale to Goldgroup Mining Inc. for 1.4476 common shares of Goldgroup for each share of Gold Resource common stock. If you are a Gold Resource shareholder, click here to learn more about your rights and options.

SkyWater Technology, Inc. (NASDAQ: SKYT)’s sale to IonQ for $15.00 in cash and $20.00 in shares of IonQ common stock. If you are a SkyWater shareholder, click here to learn more about your legal rights and options.

Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected].

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

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Meta Platforms (META) shares surged higher on the heels of its 4Q earnings report. As George Tsilis explains, the company's planned capital expenditures and AI expansion strategy sent a jolt into the stock.

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar talked with Proactive about the company's major strategic shift in 2025 and its positioning at the intersection of artificial intelligence and digital assets.

Tabar detailed how Bit Digital exited the bitcoin mining business, sold its bitcoin holdings, and shifted focus to Ethereum and its high-performance computing (HPC) business.

That HPC division was spun out into a new company called WhiteFiber (NASDAQ: WYFI), which Bit Digital still controls with a 70% stake.

Proactive: Welcome back inside our Proactive newsroom. Joining me now is Sam Tabar, the CEO of Bit Digital. Sam, it's great to see you again. How are you?

Sam Tabar: Thanks for having me.

Exciting news from the company — you’ve delivered your annual letter to shareholders. In that, you described the change Bit Digital made in 2025 that set the company on a new course. Why don’t we take a step back and talk about that decision and what you’ve seen so far?

A couple of years ago, we were a bitcoin miner. We felt that wasn’t a good business for a variety of reasons. We were the first in our sector to announce we were exiting — we got a lot of flack, but we were right. Most miners today either want to exit or add higher-margin businesses like HPC.

So, we sunset the bitcoin mining business and spun off our HPC/AI business, which was already performing well. That business is now WhiteFiber, which IPO’d under the ticker WYFI. Bit Digital still owns 70% of WhiteFiber.

After exiting mining, we sold all our bitcoin and bought a significant amount of Ethereum — now around half a billion dollars worth — so we own digital assets and artificial intelligence. We believe we’re uniquely positioned at the intersection of the two biggest investment arcs of our time.

What are the long-term strategic goals going forward?

I’m not satisfied with Bit Digital’s share price performance. Right now, we’re a passive holder of Ethereum and a passive holder of WhiteFiber. While we do generate some yield — about 3% from staking — it’s not enough.

In 2026, we plan to pursue M&A or other strategies that will generate proper EBITDA. That will allow investors to apply earnings multiples rather than just valuing us based on our net asset value (NAV). This will help the market better understand our growth trajectory.

In your letter, you also talked about self-funding and protecting shareholder value. Could you elaborate on that?

First, we've decided not to sell our WhiteFiber shares, even though the lock-up expires February 6th and we’re legally entitled to. It might be financially attractive, but we believe in WhiteFiber's future and think it would be premature to sell.

Second, although our Ethereum staking generates a small yield, it’s not enough to make us fully self-sufficient. So we’re exploring business acquisitions or operational strategies that deliver alpha — returns that don’t depend on whether Ethereum rises or whether WhiteFiber gets revalued. That’s what we mean by becoming self-funded.

Lastly, tell me more about the AI side of the business. It's still a young story, right?

Absolutely. We IPO’d WhiteFiber just in August last year. The business is on fire — we’re getting more reverse inquiries than we know what to do with.

Our edge is in retrofitting facilities into data centers within six months. That’s far faster and cheaper than greenfield builds, which take around two years. We recently signed an $865 million contract with Nscale, and we’ve got clients like Cerebus. We’re executing fast and effectively. The companies selling picks and shovels for AI are making a lot of money, and we’re one of them.

Quotes have been lightly edited for clarity and style

January 31, 2026 13:03 ET  | Source: Serabi Gold plc

Fatality at Palito Complex

Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, regrets to announce an incident occurred resulting in a fatality at its Palito underground operation on 30 January 2026. The incident was related to a traffic accident underground at the Palito Complex. No other personnel were injured.

The Company has notified the relevant authorities, including the police, and are providing all necessary assistance for the enquiries into the incident. The involvement of the Brazilian authorities means that investigations into the circumstances remain ongoing. Production in the area of the incident is expected to be resumed within a few days once the authorities have completed their enquiries, but mining operations are otherwise unaffected.

Until such a time as the outcome of the enquiries has been reached, no further details can be released. The Directors and management of Serabi express their sincere condolences to the family and colleagues of the deceased and the Company is providing all necessary support to the family. The Company’s immediate priority is to ensure the safety and well-being of our colleagues and is providing appropriate support to staff during this time.

Mike Hodgson, CEO of Serabi, commented:

“We are deeply saddened at this tragic event, having lost two employees in a short period. It is doubly saddening because we’ve just completed a superb year of health and safety performance. Ensuring the health and safety of our workforce is our highest priority and we are taking immediate action to review the effectiveness and safety of all our operations. We extend our heartfelt condolences and support to the family and friends of the deceased, and to all our employees during this difficult time."

About Serabi Gold plc
Serabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Para State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Mine. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

The person who arranged for the release of this announcement on behalf of the Company was Andrew Khov, Vice President, Investor Relations & Business Development.

Enquiries

SERABI GOLD plc
Michael Hodgson        t +44 (0)20 7246 6830
Chief Executive        m +44 (0)7799 473621

Colm Howlin        
Chief Financial Officer        m +353 89 6078171

Andrew Khov         m +1 647 885 4874
Vice President, Investor Relations &
Business Development
        e [email protected]

        www.serabigold.com

BEAUMONT CORNISH Limited
Nominated Adviser & Financial Adviser
Roland Cornish / Michael Cornish        t +44 (0)20 7628 3396

PEEL HUNT LLP
Joint UK Broker
Ross Allister / Georgia Langoulant        t +44 (0)20 7418 9000

TAMESIS PARTNERS LLP
Joint UK Broker
Charlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868

CAMARCO
Financial PR - Europe
Gordon Poole / Fergus Young                t +44 (0)20 3757 4980

Assay Results
Assay results reported within this release include those provided by the Company's own on-site laboratory facilities at Palito and have not yet been independently verified. Serabi closely monitors the performance of its own facility against results from independent laboratory analysis for quality control purpose. As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification. Since mid-2019, over 10,000 exploration drill core samples have been assayed at both the Palito laboratory and certified external laboratory, in most cases the ALS laboratory in Belo Horizonte, Brazil. When comparing significant assays with grades exceeding 1 g/t gold, comparison between Palito versus external results record an average over-estimation by the Palito laboratory of 6.7% over this period. Based on the results of this work, the Company's management are satisfied that the Company's own facility shows sufficiently good correlation with independent laboratory facilities for exploration drill samples. The Company would expect that in the preparation of any future independent Reserve/Resource statement undertaken in compliance with a recognized standard, the independent authors of such a statement would not use Palito assay results without sufficient duplicates from an appropriately certificated laboratory.

Forward-looking statements
Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.

Qualified Persons Statement
The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 30 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognizing him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009.

Notice
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release

See www.serabigold.com for more information and follow us on X @Serabi_Gold

Management just raised its long-term outlook, and it has plenty of good reasons to do so.

Artificial intelligence (AI) stocks had another strong year in 2025, and many are off to great start in 2026. Semiconductor stocks have been particularly strong, with the likes of Nvidia (NVDA 0.72%) and Broadcom (AVGO +0.15%) pushing the group higher.

But one semiconductor stock that outperformed both of those behemoths is Taiwan Semiconductor Manufacturing (TSM 2.66%). TSMC, as it is also known, has seen its stock price jump 72% since the start of 2025, as of this writing, and is climbing further on stellar fourth-quarter earnings results in January. And the outlook management provided for 2026 and beyond makes the stock look even more attractive today than it did a year ago.

Image source: Getty Images.

The backbone of the AI growth story TSMC is the largest contract semiconductor manufacturer in the world by a wide margin. That margin widened in 2025, with TSMC reaching 72% market share as chipmakers like Nvidia and Broadcom spent as much as needed to gain access to its advanced manufacturing capabilities. Nvidia CEO Jensen Huang said TSMC is the best semiconductor manufacturer in the world "by an incredible margin."

Indeed, TSMC's technology lead will be tough to catch up to. Only two other manufacturers come close, and TSMC benefits from a virtuous cycle. Its technology attracts big customers like Nvidia and Broadcom, giving it the ability to invest in additional capacity and research and development. In turn, it attracts bigger contracts and has the capacity to fulfill them, bringing in even more revenue.

The booming demand for AI chips, which use its most advanced manufacturing processes, has enabled it to increase its spending while raising prices. It instituted a price hike on a group of chips that accounted for about three-quarters of its revenue at the start of the year. It's planning annual price hikes for those chips through 2029. Meanwhile, it's pricing its next-generation process at a premium amid high demand.

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Management is spending heavily to meet that demand. It expects capital expenditures for 2026 to come in between $52 billion and $56 billion, a 32% increase at the midpoint. Management expects that to result in an acceleration in depreciation expense starting this year, but revenue is set to grow even faster.

In fact, management raised its five-year compound annual growth rate outlook from 20% to 25% for the period starting in 2024. After 36% growth in 2025, that implies continued annual growth of around 22.4% through the end of the decade. And with strong pricing power, it should maintain a high gross margin and improve operating margin. As a result, earnings should grow even faster.

With the stock trading at less than 24 times forward earnings expectations, it still looks extremely attractive. That's especially true when you compare it to the earnings multiples of Broadcom and Nvidia, which trade for 41 and 32 times earnings, respectively. So, even after a strong performance in 2025, investors shouldn't expect a big slowdown for TSMC in 2026. If anything, the stock has plenty of room to run.

Adam Levy has positions in Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Nvidia and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.