Track market-moving stories before they get noisy

Bitmine owns 4.9% of the total ETH coin supply of 122.0 million

Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months

Crypto equities are largest contributor to Russell 1000 quarter to date, representing 4 of the top 21 stocks

Bitmine common stock gain of 99% quarter to date is 4th best of the Russell 1000

ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 5,430bp

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine has 5,067,309 staked ETH, representing $12.6 billion at $2,495 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $91 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI

Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $15.7 billion, including 5.93 million ETH tokens, total cash & marketable securities of $593 million, and other crypto holdings

Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $15.7 billion.

Bitmine Weekly Update

CRYPTO: Biggest contributor to Russell 1000 in 3Q are crypto

Asset Performance relative to S&P 500 since June 30, 2026

ETH/BTC ratio: Future tailwinds of Tokenization and AI

STAKING: BMNR now staking over 5 million ETH as of

ALCHEMY of 5%: BMNR ranked #81 by 5D avg daily

As of September 7, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH (per CoinbaseNASDAQ: COIN), 211 Bitcoin (BTC), $180 million stake in Beast Industries, $91 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $593 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.0 million ETH).

"Since June 30th, 4 of the top 21 best performing stocks in the Russell 1000 are crypto-related equities. The outperformance is reflective of the fact that Ethereum is the best performing macro asset in Q3 so far. In our view, fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto given this group's outsized contribution to Russell 1000 gains this quarter. Notably, Bitmine's common stock is the 4th best performing with a gain of 99% compared to 3% for the Russell 1000 benchmark," stated Thomas "Tom" Lee, Chairman of Bitmine.

Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine is expecting ETH to make a sharp upward move in coming weeks. According to Tom DeMark, "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect, last week's sharp one-day rally was a likely preview of the pending advance."

"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," stated Lee. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."

"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-September. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI."

"This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to Bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains," continued Lee.

"Over the past week, we acquired 28,086 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

On July 16, 2026, Bitmine released the latest Chairman's Message (link here) for July 2026. The title of the Message is "ETH is the cure for the Uncanny Valley of Wealth."

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of September 7, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.6 billion at $2,495 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $386 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 85% of the 5.93 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (annualized)," continued Lee.

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.10 billion (5-day average, as of September 4, 2026), ranking #81 in the US, behind Intuit Inc. (rank #80) and ahead of TJX Companies, Inc. (rank #82) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries ("Bitmine" or the "Company"), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as "expects," "projects," "intends," "plans," "believes," "anticipates," "estimates," "forecasts," "targets," "goals," "may," "will," "would," "could," "should," "view," "see," or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and statements that the Company is 97% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 and the Company's status as the largest ETH treasury in the world; (iii) the Company's staking operations, including projected annualized ETH staking rewards of approximately $386 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.61% 7-day BMNR yield), currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) expectations regarding future ETH price performance and market movements, including Tom DeMark's expectation that ETH will make a sharp upward move in coming weeks based on technical analysis and the belief that the August sideways movement implies a renewal of the upside move; (vi) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,430bp, and that this sets the stage for institutions to add to their crypto holdings; (vii) management's belief that multiple positive catalysts exist heading into the final months of 2026, including the upcoming CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and agentic-AI; (viii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (x) statements that crypto equities are the largest contributor to Russell 1000 quarter to date and that fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto; (xi) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (xii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.7 billion and ETH holdings representing 4.9% of the total ETH supply.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements, technical analysis indicators, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and "moonshot" holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits or that crypto equities' contribution to index performance does not continue; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the Company's ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company's staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; the Company's dependence on key personnel, including executive leadership and advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company's investments in early-stage blockchain opportunities ("moonshot" investments), including the investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and management's expectations regarding ETH price movements, the ETH/BTC ratio, and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company's assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company's filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management's current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company's Quarterly Reports on Form 10-Q, and the Company's other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC's website at www.sec.gov and on the Company's website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.

SOURCE Bitmine Immersion Technologies, Inc.

Sweetwater 1 provides 1,400MW and Sweetwater 2 adds 600MW Summary

ERCOT conditionally classified IREN's 2GW Sweetwater Hub as Base Load, with 300MW under construction for late 2027.

IREN Limited IREN rose 6.33% intraday after saying its 2GW Sweetwater Hub in Texas had been conditionally included in ERCOT's Batch Zero process as Base Load. Sweetwater 1 accounts for 1,400MW and Sweetwater 2 for 600MW, part of a global development portfolio the company puts above 5GW.

IREN said ERCOT's classifications remain conditional and subject to ongoing approval processes. The high-voltage substation at Sweetwater 1 was energized earlier this year and 300MW of gross data center capacity is under construction, with delivery targeted for the fourth quarter of 2027.

Other large-scale projects in IREN's pipeline also made Batch Zero. The company said it will fold those into its announced development portfolio once the relevant grid connection agreements are signed.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

USA Rare Earth (USAR +0.28%) stock recorded strong double-digit gains in August. The company's share price climbed 19.2%, according to data from S&P Global Market Intelligence, in a month that played host to a 2.6% increase for the S&P 500's level and a 3.9% gain for the Nasdaq Composite.

Along with the bullish backdrop for the broader market, the company also published its second-quarter results and announced the completion of an upsized $1.55 billion capitalization of the special purpose vehicle (SPV) backed by the U.S. government to support its acquisition of Brazilian rare-earth mining specialist Serra Verde. While the company's Q2 report didn't do anything to push the stock higher, the SPV announcement did boost the stock -- and investors have gotten more good news in September.

Image source: Getty Images.

USA Rare Earth's Q2 report wasn't exciting USA Rare Earth published its Q2 results on Aug. 10, and the report didn't arrive with much for investors to get excited about. The company reported a non-GAAP (adjusted) loss of $0.15 per share on sales of $5.82 million in the period. The performance fell short of the average Wall Street targets, which called for an adjusted loss of $0.13 on sales of roughly $6.5 million.

USA Rare Earth is still in a relatively early stage of ramping its business, so the sales and earnings misses in Q2 didn't look particularly significant. On the other hand, the company didn't deliver the kinds of scaling updates that investors were looking for -- and the stock lost ground following the earnings release. The good news was that investors didn't have to wait long for positive developments.

Premium Feature

Moneyball Superscore

51/100

Today's Change

(

0.28

%) $

0.05

Current Price

$

17.66

The Serra Verde deal looks to be transformative On Aug. 24, USA Rare Earth published a press release announcing the finalization of its SPV deal with the U.S. Department of War to support its acquisition of Serra Verde. Through the arrangement, the Department of War agreed to provide a direct $750 million investment in the SPV, the facilitation of a $500 million debt facility from a tier-1 institutional bank, and a five-year purchasing contract worth at least $300 million. In short, the deal helped secure both financial support and a rare earth mineral purchasing contract from the U.S. government contingent on the finalization of the Serra Verde acquisition.

USA Rare Earth then published a press release on Sept. 4 announcing that it had completed its roughly $2.8 billion acquisition of Serra Verde. When USA Rare Earth announced the acquisition in April, it said that Serra Verde was expected to achieve annualized earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of 2027 and that the combined corporate entity was expected to generate roughly $1.8 billion in EBITDA by 2030. The completion of the deal has transformed USA Rare Earth's financial profile, and it positions the company to rapidly scale in the critical minerals space.

Keith Noonan 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.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

This site is protected by reCAPTCHA.

Well-known trader Bonk Guy’s publicly disclosed portfolio on the Fomo platform is worth $19.69 million, with a 24-hour drawdown of $2.62 million and a $7.17 million gain over the past seven days. “I am very confident my portfolio will hit new highs and reach $50 million,” he said. Below is a breakdown of Bonk Guy’s current portfolio (only including tokens with holdings valued over $200,000): - PONS: $7.6792 million, 11241.27% return - USELESS: $3.7897 million, 336.69% return - MarsCoin: $3.5803 million, 265.56% return - MEME: $1.0581 million, 119.58% return - Basecat: $869,900, 76.11% return - A token valued at $322,500, 108.24% return - microduck: $231,400, 650.42% return - PAIR: $223,900, 581.86% return

Relevant content

A trader opened a $2,600 position in the PONS token on its launch day, and has now made over $1.15 million in profit.

According to Arkham’s monitoring, trader David (username @heylittlechef) bought a total of $2,600 worth of PONS on the token’s launch day, when PONS had a market capitalization of $1.607 million. Roughly two months later, PONS surged around 500 times. David has cashed out $77,400 worth of PONS and still holds $1.08 million worth of the token.

2 minutes ago

Asia’s computing power demand surges, Zankore secures $3.1 billion in GPU financing.

According to US media reports, Indonesian AI infrastructure platform Zankore, with backing from NVIDIA, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asia’s surging demand for computing power. According to a statement from Zankore, Citigroup, ING, Natixis, Qatar National Bank, and United Overseas Bank underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the exclusive debt advisor for the transaction. GPU financing is emerging as the next frontier for AI lenders, with banks and private credit shifting focus beyond data centers to the hardware that powers them. In Asia, bank-led transactions have been scarce due to uncertainty over chip residual values and geopolitical risks stemming from US-China tech competition.

2 minutes ago

Analyst: Bitcoin inflows to CEXs remain at recent normal levels, with no significant sell-off pressure signals emerging during the current rebound.

CryptoQuant analyst Woominkyu noted in a post that Bitcoin closed at $78,450 on September 8, after a sustained rebound from around $60,000 in early summer this year. However, there has been no corresponding significant increase in large inflows to spot trading platforms. On September 8, the top ten large inflows to spot trading platforms totaled 5,442 BTC. While this figure is 4.4 times higher than the previous day, it is only 5.1% above the 30-day average. Meanwhile, the 7-day average inflow over the past week stood at 4,678 BTC, still below multiple highs seen earlier this year. Looking at longer-term charts, this Bitcoin price rebound has not been accompanied by unusually high levels of large BTC deposits to trading platforms. This indicates, to some extent, that there is currently no clear evidence that potential sustained selling pressure is rising significantly due to large transfers. The key signal to watch next is: if Bitcoin price weakens while the 7-day average inflow to trading platforms continues to rise, it could mean growing potential selling pressure. For now, the rebound in platform deposits on September 8 appears to be a return to recent normal levels, rather than an abnormal large-scale capital inflow.

2 minutes ago

Google’s AI command center is tucked away in a break room, with Brin bypassing approvals to directly allocate resources.

Insight Beating AI News: Business Insider interviewed eight current and former Google employees, uncovering that Gemini’s de facto command center is a pantry on the second floor of Google’s Mountain View headquarters. Once home only to a coffee machine, fridge, and snacks, the space now features a ring of desks. Core members including Google co-founder Sergey Brin, Google DeepMind head Koray Kavukcuoglu, and Google CEO Sundar Pichai—who visits several times weekly—regularly work here, with employees referring to it informally as “Sergey’s Mini Kitchen.” Brin, who holds no formal management role, can bypass Google’s complex approval processes in his capacity as a founder. For the Gemini team, applying for chips like TPUs via standard channels requires submitting paperwork and securing senior-level sign-off; approaching Brin at the pantry offers a far more direct route. Brin also directly weighs in on discussions about model scale, release timelines, and AGI roadmapping, and Gemini’s programming task force has set up desks adjacent to his. A former employee described Brin’s approach as running Gemini like a startup. This year, Brin pushed to use software to record the programming workflows of some Google employees, with the data leveraged for reinforcement learning to boost Gemini’s coding capabilities. Last year, he directly halted Jeff Dean’s Frozen chip project, which was later revived as Frozen v2.

2 minutes ago

Three months after stepping down as CEO of DingTalk, reports say Chen Hang, who goes by the nickname Wu Zhao, has joined Qianwen Office.

Beating AI Express (Dongcha) – An internal Alibaba contact list screenshot shows that Chen Hang, founder and former CEO of DingTalk (nickname "Wuzhao"), is currently affiliated with the "Qianwen Office" under the ATH Business Group. Chen Hang stepped down as DingTalk CEO in June this year, with Chen Yusen succeeding him. Alibaba subsequently merged the enterprise-level Agent "Wukong" led by Chen Hang, along with QoderWork and MuleRun, into Qianwen Office. The Qianwen Office Business Division, overseen by Chen Yusen, manages both Qianwen Office and DingTalk. Qianwen Office launched its public beta in early August, and within a month of its launch, its user count has surpassed 30 million, with enterprise users making up more than half.

2 minutes ago

Bitcoin wallet Alby confirms vulnerabilities in its older versions, urges users to update immediately.

According to official statements, Alby, a Bitcoin Lightning Network wallet and infrastructure provider, has confirmed a critical vulnerability in older versions of its Alby Hub software. The flaw could allow attackers to gain unauthorized access and transfer funds. Alby noted that one user is known to have been affected, and urged users running vulnerable, publicly accessible versions to update immediately.

2 minutes ago

Renowned trader Bonk Guy posted that PONS has seen sustained revenue growth recently, with daily income staying above $1.3 million to $2 million for most of the past week, and not dropping below $1.1 million for seven consecutive days. Meanwhile, PONS’ buyback wallet has accumulated nearly $3 million so far; these funds will be used to repurchase PONS via Time-Weighted Average Price (TWAP), and the wallet’s fee replenishment rate is currently outpacing its fund consumption rate. 100% of PONS’ generated fees are allocated to repurchases and token burns. PONS’ actual market cap is likely significantly lower than its Fully Diluted Valuation (FDV). At the time of posting, its price stood at around $0.736, translating to an FDV of roughly $736 million. However, since PONS’ launch, approximately 30% of its token supply has been repurchased and burned via fees, bringing its actual market cap closer to $515 million. Additionally, PONS hit an all-time high of ~80% market share on Robinhood Chain yesterday, holding between 75% and 80% for most of the past week. The platform also set a new all-time high for daily token issuance, peaking at 28,560 tokens in a single day, with around 27,600 new tokens launched over the past 24 hours. PONS is benefiting from the growth of the Robinhood Chain ecosystem and has established itself as the chain’s leading Launchpad. Bonk Guy noted that PONS currently boasts daily revenue of $1 million to over $2 million, nearly $3 million in buyback funds, ~30% of its supply burned, no VC unlock pressure, and strong early community support. Comparing PONS to PUMP, he argued its current actual market cap remains attractive. Traditional finance quant trading networks are also starting to take notice of PONS, calling it a potential “most tradable asset of this cycle”. He expects sustained buying during market pullbacks and is bullish on its market cap eventually reaching the multi-billion-dollar level.

Relevant content

A trader opened a $2,600 position in the PONS token on its launch day, and has now made over $1.15 million in profit.

According to Arkham’s monitoring, trader David (username @heylittlechef) bought a total of $2,600 worth of PONS on the token’s launch day, when PONS had a market capitalization of $1.607 million. Roughly two months later, PONS surged around 500 times. David has cashed out $77,400 worth of PONS and still holds $1.08 million worth of the token.

2 minutes ago

Asia’s computing power demand surges, Zankore secures $3.1 billion in GPU financing.

According to US media reports, Indonesian AI infrastructure platform Zankore, with backing from NVIDIA, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asia’s surging demand for computing power. According to a statement from Zankore, Citigroup, ING, Natixis, Qatar National Bank, and United Overseas Bank underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the exclusive debt advisor for the transaction. GPU financing is emerging as the next frontier for AI lenders, with banks and private credit shifting focus beyond data centers to the hardware that powers them. In Asia, bank-led transactions have been scarce due to uncertainty over chip residual values and geopolitical risks stemming from US-China tech competition.

2 minutes ago

Analyst: Bitcoin inflows to CEXs remain at recent normal levels, with no significant sell-off pressure signals emerging during the current rebound.

CryptoQuant analyst Woominkyu noted in a post that Bitcoin closed at $78,450 on September 8, after a sustained rebound from around $60,000 in early summer this year. However, there has been no corresponding significant increase in large inflows to spot trading platforms. On September 8, the top ten large inflows to spot trading platforms totaled 5,442 BTC. While this figure is 4.4 times higher than the previous day, it is only 5.1% above the 30-day average. Meanwhile, the 7-day average inflow over the past week stood at 4,678 BTC, still below multiple highs seen earlier this year. Looking at longer-term charts, this Bitcoin price rebound has not been accompanied by unusually high levels of large BTC deposits to trading platforms. This indicates, to some extent, that there is currently no clear evidence that potential sustained selling pressure is rising significantly due to large transfers. The key signal to watch next is: if Bitcoin price weakens while the 7-day average inflow to trading platforms continues to rise, it could mean growing potential selling pressure. For now, the rebound in platform deposits on September 8 appears to be a return to recent normal levels, rather than an abnormal large-scale capital inflow.

2 minutes ago

Google’s AI command center is tucked away in a break room, with Brin bypassing approvals to directly allocate resources.

Insight Beating AI News: Business Insider interviewed eight current and former Google employees, uncovering that Gemini’s de facto command center is a pantry on the second floor of Google’s Mountain View headquarters. Once home only to a coffee machine, fridge, and snacks, the space now features a ring of desks. Core members including Google co-founder Sergey Brin, Google DeepMind head Koray Kavukcuoglu, and Google CEO Sundar Pichai—who visits several times weekly—regularly work here, with employees referring to it informally as “Sergey’s Mini Kitchen.” Brin, who holds no formal management role, can bypass Google’s complex approval processes in his capacity as a founder. For the Gemini team, applying for chips like TPUs via standard channels requires submitting paperwork and securing senior-level sign-off; approaching Brin at the pantry offers a far more direct route. Brin also directly weighs in on discussions about model scale, release timelines, and AGI roadmapping, and Gemini’s programming task force has set up desks adjacent to his. A former employee described Brin’s approach as running Gemini like a startup. This year, Brin pushed to use software to record the programming workflows of some Google employees, with the data leveraged for reinforcement learning to boost Gemini’s coding capabilities. Last year, he directly halted Jeff Dean’s Frozen chip project, which was later revived as Frozen v2.

2 minutes ago

Three months after stepping down as CEO of DingTalk, reports say Chen Hang, who goes by the nickname Wu Zhao, has joined Qianwen Office.

Beating AI Express (Dongcha) – An internal Alibaba contact list screenshot shows that Chen Hang, founder and former CEO of DingTalk (nickname "Wuzhao"), is currently affiliated with the "Qianwen Office" under the ATH Business Group. Chen Hang stepped down as DingTalk CEO in June this year, with Chen Yusen succeeding him. Alibaba subsequently merged the enterprise-level Agent "Wukong" led by Chen Hang, along with QoderWork and MuleRun, into Qianwen Office. The Qianwen Office Business Division, overseen by Chen Yusen, manages both Qianwen Office and DingTalk. Qianwen Office launched its public beta in early August, and within a month of its launch, its user count has surpassed 30 million, with enterprise users making up more than half.

2 minutes ago

Bitcoin wallet Alby confirms vulnerabilities in its older versions, urges users to update immediately.

According to official statements, Alby, a Bitcoin Lightning Network wallet and infrastructure provider, has confirmed a critical vulnerability in older versions of its Alby Hub software. The flaw could allow attackers to gain unauthorized access and transfer funds. Alby noted that one user is known to have been affected, and urged users running vulnerable, publicly accessible versions to update immediately.

2 minutes ago

Data shows that well-known Meme KOL Bonk Guy (Unipcs) has reclaimed the top spot on the FOMO daily leaderboard today. His current assets stand at approximately $21.645 million, with a paper gain of around $1.921 million over the past 24 hours. Looking at his portfolio, PONS remains his highest unrealized profit holding: the position is valued at about $8.899 million, with cumulative unrealized profit of roughly $8.831 million, translating to a return of around 13042.6%. Additionally, USELESS has also delivered substantial gains to Bonk Guy. Data indicates that Unipcs’ current USELESS position is valued at approximately $5.181 million, with cumulative unrealized profit of around $4.351 million and a return of roughly 494.95%. USELESS currently has a market cap of about $326 million, while the average market cap when Bonk Guy opened his position was around $5.32 million. By cumulative unrealized profit, USELESS is Unipcs’ second-largest profit source, trailing only PONS. The combined cumulative unrealized profit from these two holdings alone exceeds $13.18 million.

Relevant content

A trader opened a $2,600 position in the PONS token on its launch day, and has now made over $1.15 million in profit.

According to Arkham’s monitoring, trader David (username @heylittlechef) bought a total of $2,600 worth of PONS on the token’s launch day, when PONS had a market capitalization of $1.607 million. Roughly two months later, PONS surged around 500 times. David has cashed out $77,400 worth of PONS and still holds $1.08 million worth of the token.

2 minutes ago

Asia’s computing power demand surges, Zankore secures $3.1 billion in GPU financing.

According to US media reports, Indonesian AI infrastructure platform Zankore, with backing from NVIDIA, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asia’s surging demand for computing power. According to a statement from Zankore, Citigroup, ING, Natixis, Qatar National Bank, and United Overseas Bank underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the exclusive debt advisor for the transaction. GPU financing is emerging as the next frontier for AI lenders, with banks and private credit shifting focus beyond data centers to the hardware that powers them. In Asia, bank-led transactions have been scarce due to uncertainty over chip residual values and geopolitical risks stemming from US-China tech competition.

2 minutes ago

Analyst: Bitcoin inflows to CEXs remain at recent normal levels, with no significant sell-off pressure signals emerging during the current rebound.

CryptoQuant analyst Woominkyu noted in a post that Bitcoin closed at $78,450 on September 8, after a sustained rebound from around $60,000 in early summer this year. However, there has been no corresponding significant increase in large inflows to spot trading platforms. On September 8, the top ten large inflows to spot trading platforms totaled 5,442 BTC. While this figure is 4.4 times higher than the previous day, it is only 5.1% above the 30-day average. Meanwhile, the 7-day average inflow over the past week stood at 4,678 BTC, still below multiple highs seen earlier this year. Looking at longer-term charts, this Bitcoin price rebound has not been accompanied by unusually high levels of large BTC deposits to trading platforms. This indicates, to some extent, that there is currently no clear evidence that potential sustained selling pressure is rising significantly due to large transfers. The key signal to watch next is: if Bitcoin price weakens while the 7-day average inflow to trading platforms continues to rise, it could mean growing potential selling pressure. For now, the rebound in platform deposits on September 8 appears to be a return to recent normal levels, rather than an abnormal large-scale capital inflow.

2 minutes ago

Google’s AI command center is tucked away in a break room, with Brin bypassing approvals to directly allocate resources.

Insight Beating AI News: Business Insider interviewed eight current and former Google employees, uncovering that Gemini’s de facto command center is a pantry on the second floor of Google’s Mountain View headquarters. Once home only to a coffee machine, fridge, and snacks, the space now features a ring of desks. Core members including Google co-founder Sergey Brin, Google DeepMind head Koray Kavukcuoglu, and Google CEO Sundar Pichai—who visits several times weekly—regularly work here, with employees referring to it informally as “Sergey’s Mini Kitchen.” Brin, who holds no formal management role, can bypass Google’s complex approval processes in his capacity as a founder. For the Gemini team, applying for chips like TPUs via standard channels requires submitting paperwork and securing senior-level sign-off; approaching Brin at the pantry offers a far more direct route. Brin also directly weighs in on discussions about model scale, release timelines, and AGI roadmapping, and Gemini’s programming task force has set up desks adjacent to his. A former employee described Brin’s approach as running Gemini like a startup. This year, Brin pushed to use software to record the programming workflows of some Google employees, with the data leveraged for reinforcement learning to boost Gemini’s coding capabilities. Last year, he directly halted Jeff Dean’s Frozen chip project, which was later revived as Frozen v2.

2 minutes ago

Three months after stepping down as CEO of DingTalk, reports say Chen Hang, who goes by the nickname Wu Zhao, has joined Qianwen Office.

Beating AI Express (Dongcha) – An internal Alibaba contact list screenshot shows that Chen Hang, founder and former CEO of DingTalk (nickname "Wuzhao"), is currently affiliated with the "Qianwen Office" under the ATH Business Group. Chen Hang stepped down as DingTalk CEO in June this year, with Chen Yusen succeeding him. Alibaba subsequently merged the enterprise-level Agent "Wukong" led by Chen Hang, along with QoderWork and MuleRun, into Qianwen Office. The Qianwen Office Business Division, overseen by Chen Yusen, manages both Qianwen Office and DingTalk. Qianwen Office launched its public beta in early August, and within a month of its launch, its user count has surpassed 30 million, with enterprise users making up more than half.

2 minutes ago

Bitcoin wallet Alby confirms vulnerabilities in its older versions, urges users to update immediately.

According to official statements, Alby, a Bitcoin Lightning Network wallet and infrastructure provider, has confirmed a critical vulnerability in older versions of its Alby Hub software. The flaw could allow attackers to gain unauthorized access and transfer funds. Alby noted that one user is known to have been affected, and urged users running vulnerable, publicly accessible versions to update immediately.

2 minutes ago

Eric Stanton Weiss, a Director at Core Scientific (CORZ +4.70%), purchased 7,000 shares of common stock on Aug. 18, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$134,330Shares purchased7,000Post-transaction shares (directly held)259,262Post-transaction value$4.9 millionTransaction value based on SEC Form 4 weighted average purchase price ($19.19); post-transaction value based on Aug. 18, 2026, market close ($18.85).

Key questionsWhat was the execution context for this purchase?
The shares were acquired in multiple transactions at prices ranging from $18.78 to $19.59, resulting in a weighted-average cost of $19.19 per share.How does this purchase affect the director's total stake?
Weiss now directly holds 259,262 shares of common stock, representing an 0.08% ownership interest in the company.What are the core business operations of the company?
Core Scientific is a North American enterprise primarily engaged in digital asset mining and providing colocation services for distributed ledger technology, operating specialized data centers to process blockchain transactions.How has the stock performed leading up to this transaction?
The company's shares were priced at $18.72 as of the Aug. 19, 2026, market close, following a period where the stock delivered a 30% return over the 12 months ending on the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-19)$18.72Market Capitalization$6 billionRevenue (TTM)$440.3 millionNet Income (TTM)-$1.6 billionCompany SnapshotCore Scientific operates digital asset mining facilities and provides colocation services for distributed ledger technology infrastructure, generating revenue through proprietary cryptocurrency mining operations and hosting services for third-party blockchain network participants.The company generates revenue through two primary channels: direct digital asset mining conducted within its owned and operated data centers, and colocation services that leverage its specialized computing hardware and infrastructure to support external clients' blockchain operations.Core Scientific serves enterprise clients and digital asset participants who require high-performance computing infrastructure, targeting organizations seeking reliable, scalable hosting solutions for blockchain network operations and cryptocurrency mining.Core Scientific operates a substantial North American infrastructure platform with 325 employees and $6 billion in market capitalization, positioning itself as a significant player in the digital asset mining and blockchain infrastructure sectors. The company's competitive advantage derives from its owned-and-operated data centers, equipped with specialized computing hardware optimized for blockchain transaction processing and digital asset mining. With TTM revenue of $440.3 million, Core Scientific has established a material revenue base while navigating the capital-intensive and volatile digital asset market through diversified revenue streams combining proprietary mining operations with third-party colocation services.

Premium Feature

Moneyball Superscore

51/100

Today's Change

(

4.70

%) $

0.84

Current Price

$

18.73

What this transaction means for investorsThe Core Scientific stock price has performed well over the last year, climbing 34.4%. In comparison, the S&P 500 is up 18.1% over the same period. With a strong performance like that, it may be common to see some executives sell shares. But an insider buying into a rising stock price is a bullish signal for shareholders, as it indicates that Weiss expects shares to keep climbing. His purchase of 7,000 shares adds to his substantial holdings that now total nearly 260,000.

In addition to Weiss's purchase, another bullish signal for Core Scientific's stock price is how analysts view the company. Out of 18 who cover the stock, 94% rate it a buy, while 6% rate it a hold, according to CNN. From that group, the median one-year price target is $36, representing a gain of 92.2% from today's price ($18.73). The highest price target of $55 is even more bullish, representing a 193.6% gain. And even the lowest price target, $28, would still represent a gain of nearly 50%. With a rising stock price, insider buying, and bullish analyst outlooks, there are a lot of positive signals about where the Core Scientific stock price could head next.

Jack Delaney 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.

Sandisk Corporation remains competitively positioned to benefit from the accelerating AI-driven NAND flash supercycle, reinforced by recent model and hardware advancements from Meta, OpenAI and Kioxia. The agentic inference shift is driving a rethink in next-generation AI models and architectures, with increasing NAND content closer to compute compounding already strong storage demand. This is corroborated by industry's expectation for agentic inference tokens to reach 3,600 quadrillion by 2030, underscoring the durability of the AI NAND supercycle despite consumer weakness.

Sandisk Corporation remains a Strong Buy, with robust fundamentals and disciplined NAND supply positioning it for long-term outperformance versus DRAM-focused peers. SNDK's price floors and contracted revenues provide significant downside protection, with 54% of annual revenues secured at minimum pricing over the next four years. Even in a severe market downturn, SNDK's valuation appears above current levels, with upside remaining if supply shocks are less severe than modeled.

Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday. The precious metal is drawing support from broad-based US Dollar (USD) weakness, although the broader trend remains bearish, after losing more than $100 in the previous three trading days.

The Greenback is on its back foot on Wednesday, with investors awaiting Friday's US Consumer Inflation figures to confirm expectations that the Federal Reserve will hike interest rates next week.

Strategists at Brown Brothers Harriman argue that “a hot CPI print would all but seal a September hike and underpin a firmer USD,” whereas “a cooler reading would strengthen the case for a hold and leave USD vulnerable to a dovish Fed repricing.” BBH experts, however, warn that “even if a September Fed hike becomes a done deal, we doubt USD will make new cyclical highs,” noting that tightening by other major central banks “limits policy divergence, with the ECB widely expected to deliver a 25bps hike tomorrow.”

Technical Analysis: A bearish H&S pattern looms

XAU/USD has trimmed losses, returning to $4,400, yet with price action contained within Tuesday's range, and with the broader bearish structure intact. The precious metal remains capped below the 200-day Simple Moving Average (SMA), with last week's knee-jerk reaction looking like the second shoulder of a bearish Head & Shoulders (H&S) formation.

Momentum indicators in the daily chart are neutral-to-bearish, with the Relative Strength Index (RSI) flat around 50 and the Moving Average Convergence Divergence (MACD) in negative territory, suggesting that rebounds are vulnerable.

Tuesday's low in the mid-$4,300s is holding bears for now and closing the path to the H&S neckline between $4,311 and $4,282, the August 14 and September 2 lows, respectively. A confirmation below those levels brings the August 6 low, at $4,223, into focus. Upside attempts above $4,400, on the contrary, are likely to meet resistance at Tuesday's high of $4,443, ahead of last week's highs around $4,500 and the 200-day SMA at $4,537.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") will participate at the Barclays 24th Annual Global Financial Services Conference to be held on Tuesday, September 15, 2026 in New York City.

Executive Chairman and Chief Executive Officer, Joseph Otting; Co-President, Co-Chief Operating Officer, and Chief Banking Officer, Richard Raffetto; and Co-President, Co-Chief Operating Officer, and Chief Financial Officer, Lee Smith, are scheduled to take part in a fireside chat-style discussion at 3:30 p.m. ET.

The discussion can be live-streamed in a listen-only format on the Bank's website at ir.flagstar.com. A replay of the discussion will be available later in the day and will be archived at the Bank's website through 5:00 p.m., on Tuesday, October 13, 2026.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 320 retail locations and 20 Private Banking Offices across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

SOURCE Flagstar Bank, N.A.

Modine (MOD - Free Report) closed at $192.35 in the latest trading session, marking a -1.19% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 1.18%, and the Nasdaq, a tech-heavy index, lost 0.32%.

The heating and cooling products maker's shares have seen an increase of 1.91% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 3.92% and outstripping the S&P 500's loss of 0.36%.

Market participants will be closely following the financial results of Modine in its upcoming release. The company is predicted to post an EPS of $1.46, indicating a 37.74% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $964.62 million, up 30.55% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.65 per share and revenue of $4.04 billion, indicating changes of +52.39% and +27.06%, respectively, compared to the previous year.

Any recent changes to analyst estimates for Modine should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Modine is currently a Zacks Rank #3 (Hold).

In terms of valuation, Modine is currently trading at a Forward P/E ratio of 25.45. This indicates a premium in contrast to its industry's Forward P/E of 13.66.

We can also see that MOD currently has a PEG ratio of 0.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Original Equipment was holding an average PEG ratio of 0.83 at yesterday's closing price.

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow MOD in the coming trading sessions, be sure to utilize Zacks.com.

powered by

ALAB (Astera Labs)

Buy ALAB. Fundamentals are accelerating (revenue $79.9M in 2022 to $852M last FY; Q2 revenue +104% YoY to $392M; gross margin 73.3%; net income $153M). The market setup is also turning: rebound from ~$245 to ~$310, trying to clear the 50-day EMA and the 50% Fibonacci level, with a double-bottom reversal and a near-term breakout target around $367.

Key Risk: A major customer cuts spend or delays data-center buildouts, breaking the growth and forcing guidance down.

Semiconductor momentum basket

Buy a semis momentum ETF (e.g., SOXX) alongside ALAB. The article notes ALAB’s rebound is coinciding with other top semiconductor names; if ALAB breaks out, it typically pulls in “AI/data-center infrastructure” flows and lifts correlated winners in the same supply chain.

Key Risk: A broad risk-off move in semiconductors (rates spike or AI/data-center demand fears) overwhelms stock-specific strength.

Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising. 

Astera Labs is a top American company started in 2017 by former Texas Instruments engineers who noted that, while processors in data centers were getting faster, the technologies linking them were not keeping pace.

The three engineers have built products that address these issues and is benefiting from the ongoing data center rollout in the United States and other countries. It counts Amazon as its biggest client, with 86% of its revenue coming from its three largest clients. 

This client concentration is a major risk as losing one client would have a significant impact on its business. However, it also creates an opportunity to add more companies in the data center industry.

Astera Labs business has been growing at a significant rate in the past few years. Its revenue jumped from $79.9 million in 2022 to $852 million in the last financial year. Its recent results showed that its revenue rose by 104% YoY in the second quarter to $392 million.

In other words, the company’s revenue in Q2 was $2 million lower than what it made in the whole of 2024. This growth is expected to continue as its Scorpio fabric switches becomes the largest product family, passing its Aries family. 

Its revenue growth coincided with that of its profits. Its gross margin rose to 73.3%, while its net income jumped to $153 million. The management expects that Astera Labs’ business will continue thriving in the coming months. Its quarterly revenue is expected to be between $540 million and $560 million. 

Analysts, on the other hand, expect that its third quarter will be $550 million, representing a 138% annual growth. For the year, revenue is expected to jump to $1.86 billion, followed by $2.19 billion.

This growth explains why many analysts are bullish on Astera Labs despite its stretched valuation. Northland Securities analysts see the stock rising from the current $310 to $350, while TD Cowen sees it hitting $375. Roth Capital sees the shares rising to $450. 

ALAB stock chart | Source: TradingView

The daily chart shows that the ALAB stock has rebounded from the July low of $245 to the current $310. This rebound has coincided with that of other top names in the semiconductor industry. 

The stock is now attempting to move above the 50-day Exponential Moving Average and the 50% Fibonacci Retracement level. There are signs that it has formed a double bottom pattern, which is a bullish reversal pattern.

Therefore, the stock will likely have a strong bullish breakout in the near term. The initial target will be at $367, its highest level on August 4 this year.

Jaderná elektrárna v Temelíně bude moci začít používat nové palivo od americké společnosti Westinghouse. Energetická firma ČEZ k tomu získala povolení od Státního úřadu pro jadernou bezpečnost (SÚJB). Energetici nyní plánují nové palivové soubory zavézt do reaktoru prvního bloku během plánované odstávky na konci letošního roku. ČTK o tom dnes informovala v tiskové zprávě společnost ČEZ. Dosud elektrárna využívá palivo od ruského výrobce TVEL. Přechod na nové palivo plánuje i jaderná elektrárna v Dukovanech.

Úřad vydal povolení po několikaletém procesu příprav, testování a bezpečnostních analýz. Nové palivové soubory jsou přitom už v areálu elektrárny. Po převzetí prošly sérií kontrol, které ověřily jejich technický stav i soulad s požadavky na bezpečné používání.

"Jde o další důležitý krok v posilování energetické bezpečnosti České republiky a diverzifikaci dodavatelů jaderného paliva. Navíc platí, že držíme v obou našich jaderných elektrárnách i jeho strategické zásoby,“ řekl předseda představenstva a generální ředitel ČEZ Daniel Beneš.

Na zvýšení počtu dodavatelů paliva začal ČEZ s cílem větší nezávislosti na jednom dodavateli pracovat na konci minulého desetiletí. Vedle společnosti Westinghouse, která už dodala i první soubory pro Dukovany, má pro Temelín uzavřenou smlouvu také s francouzskou společností Framatome.

Nové palivo není pro energetiky v Temelíně neznámé. Už v minulých letech elektrárna úspěšně otestovala několik zkušebních palivových souborů Westinghouse, které prošly provozem přímo v reaktoru. Zároveň navázala na dodávky pro další jaderné elektrárny obdobného typu.

Součástí schvalovacího procesu bylo například detailní bezpečnostní hodnocení. Odborníci podle ČEZ téměř dva roky hodnotili chování paliva při běžném provozu, z hlediska bezpečnostních aspektů, jeho kompatibilitu s reaktorem a také způsob manipulace a skladování.

"První zavezení nového paliva plánujeme ještě letos při plánované odstávce prvního temelínského bloku. A zároveň navážeme přípravou licencování i pro dukovanské palivové soubory,“ podotkl člen představenstva a ředitel divize jaderná energetika Bohdan Zronek.

V současnosti v jihočeském Temelíně fungují dva jaderné bloky, každý o výkonu přibližně 1000 megawattů (MW). Od začátku letošního roku zatím vyrobily přibližně 12 terawatthodin elektřiny. Další čtyři jaderné bloky, z nichž má každý výkon 510 MW, jsou v Dukovanech.

Breaking News

News

Market Data

Discover

Insights

Reports

Expert Councils

Media

Company

Most read

PodcastsWatch on Youtube

Crypto Market OverviewTotal Market Cap

$2.72T0.6%

24h Trading Volume

$86.62B11.6%

BTC Dominance

54.9%

Price data by

Global MarketsNVIDIA CorporationNVDA$225.342.78%

Apple Inc.AAPL$315.940.86%

Alphabet Inc.GOOGL$337.720.13%

Microsoft CorporationMSFT$494.370.47%

Amazon.com, Inc.AMZN$256.050.37%

24/7 perpetual prices via

Expert CouncilSee All

Popular ShortsSee all shorts

$57K Bitcoin Bottom Is In? Trader Gives Bulls a Slight Edge

GFL Environmental Inc. (NYSE:GFL – Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders bought 25,084 call options on the stock. This represents an increase of approximately 2,300% compared to the typical daily volume of 1,045 call options.

Analysts Set New Price Targets Several research firms have recently weighed in on GFL. Barclays initiated coverage on shares of GFL Environmental in a report on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Zacks Research lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Citigroup set a $51.00 price objective on shares of GFL Environmental and gave the company a “buy” rating in a report on Monday, July 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, September 2nd. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.25.

Read Our Latest Report on GFL

Institutional Trading of GFL Environmental Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of GFL Environmental by 43.8% in the 1st quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock worth $77,064,000 after acquiring an additional 563,001 shares during the last quarter. Legal & General Group Plc boosted its position in shares of GFL Environmental by 12.0% during the 4th quarter. Legal & General Group Plc now owns 1,225,212 shares of the company’s stock valued at $52,700,000 after acquiring an additional 131,332 shares during the last quarter. Verbena Value LP boosted its position in shares of GFL Environmental by 44.7% during the 1st quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after acquiring an additional 374,000 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of GFL Environmental in the fourth quarter valued at about $1,327,000. Finally, Vestcor Inc grew its holdings in shares of GFL Environmental by 25.7% in the fourth quarter. Vestcor Inc now owns 391,815 shares of the company’s stock valued at $16,828,000 after purchasing an additional 80,000 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock. GFL Environmental Stock Down 2.0% GFL Environmental stock opened at $42.85 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $15.46 billion, a PE ratio of -80.85, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68. The business has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $39.82. GFL Environmental has a 12 month low of $33.33 and a 12 month high of $48.28.

GFL Environmental (NYSE:GFL – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.26 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts anticipate that GFL Environmental will post 0.65 EPS for the current fiscal year.

GFL Environmental Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 13th were issued a dividend of $0.0169 per share. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -13.21%.

GFL Environmental Company Profile (Get Free Report)

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

Featured Stories Five stocks we like better than GFL Environmental Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.

Legal & General Group Plc acquired a new stake in shares of Preformed Line Products Company (NASDAQ:PLPC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,116 shares of the technology company’s stock, valued at approximately $869,000.

Other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of Preformed Line Products by 65.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,748 shares of the technology company’s stock valued at $2,098,000 after acquiring an additional 3,072 shares during the last quarter. Robotti Robert bought a new stake in Preformed Line Products in the second quarter worth $2,437,000. Ranger Investment Management L.P. bought a new stake in Preformed Line Products in the first quarter worth $5,069,000. Deutsche Bank AG purchased a new stake in Preformed Line Products during the second quarter valued at $1,251,000. Finally, First Trust Advisors LP raised its stake in Preformed Line Products by 28.9% during the first quarter. First Trust Advisors LP now owns 21,144 shares of the technology company’s stock valued at $5,725,000 after purchasing an additional 4,745 shares in the last quarter. 41.19% of the stock is owned by institutional investors.

Preformed Line Products Price Performance PLPC stock opened at $398.45 on Tuesday. Preformed Line Products Company has a 12 month low of $184.02 and a 12 month high of $504.69. The company has a current ratio of 2.99, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $386.38 and a 200 day moving average price of $343.97. The stock has a market cap of $1.95 billion, a PE ratio of 44.87 and a beta of 0.93.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $2.08. Preformed Line Products had a net margin of 5.82% and a return on equity of 10.64%. The company had revenue of $212.68 million for the quarter, compared to analyst estimates of $193.00 million. Insider Buying and Selling at Preformed Line Products In related news, Director Glen E. Corlett sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $457.02, for a total transaction of $914,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 33.00% of the company’s stock.

Analysts Set New Price Targets A number of research firms have recently weighed in on PLPC. Freedom Capital upgraded shares of Preformed Line Products from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Preformed Line Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wall Street Zen upgraded Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, Preformed Line Products currently has a consensus rating of “Strong Buy” and a consensus target price of $275.00.

Check Out Our Latest Analysis on PLPC

(Free Report)

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.

Featured Stories Five stocks we like better than Preformed Line Products 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane

Receive News & Ratings for Preformed Line Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preformed Line Products and related companies with MarketBeat.com's FREE daily email newsletter.

2.33K Followers

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

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

Celestica raised 2026 guidance to $20.5 billion revenue and $11.30 EPS, while Q3 growth approaches 69% YoY. Component lead times exceeding 52 weeks are driving binding commitments and giving CLS demand visibility through 2028 and 2029. Ten 1.6T programs, CPO, AMD Helios and OpenAI Jalapeño create overlapping AI infrastructure ramps extending well beyond 2026.

Acquisition Expected to Expand Global Production Capabilities for Critical Refractory Metal Products  | Source: The Elmet Group

PORTLAND, Maine, Sept. 08, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (“Elmet,” the “Company,” “we,” or “our”) (NASDAQ: ELMT), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced that it has signed a definitive agreement under which its newly formed German subsidiary, Elmet Technologies GmbH, will acquire the assets of ams OSRAM’s tungsten and molybdenum manufacturing operations in Schwabmünchen, Bavaria, Germany.

The transaction will establish Elmet’s first manufacturing footprint in the European Union for refractory metals and create a European production base for tungsten and molybdenum powder, rods, wire, electrodes, and machined components. The closing is expected to take place in the first quarter of 2027, subject to customary regulatory approvals and following the completion of transition activities required to operate the Schwabmünchen facility on a standalone basis.

In operation since 1961, the Schwabmünchen site is a fully integrated tungsten and molybdenum manufacturing operation, covering a production value chain that includes powder formation through pressing, sintering, swaging, drawing, and finishing. It is supported by an on-site materials laboratory specializing in chemical and physical analysis. The site operates with a production environment recognized for its digital innovation in the European refractory metals industry, validated by the 2024 Germany Smart Digitization Factory 4.0 award.

“We are excited to welcome the talented Schwabmünchen team to Elmet and build on the expertise and capabilities they have developed over many decades,” said Peter V. Anania, CEO and Chairman of the Board at The Elmet Group Co. “We expect this acquisition to extend our vertically integrated tungsten and molybdenum platform into Europe, giving us a production base to serve customers there directly. It is intended to advance one of our key post-IPO objectives of expanding our footprint in Europe. This is a natural next step in our long-term growth strategy, and by establishing a local presence, we believe we can better serve the needs of European and UK customers with greater speed and reliability. We are confident the acquisition will position us to deepen relationships with customers across the region.”

A Local-for-Local Platform to Secure Tungsten and Molybdenum for the European Market

The Critical Materials Components Division of The Elmet Group Co. currently operates its U.S.-owned refractory metals manufacturing facilities in Maine, Ohio, and Michigan. All of its production sites are vertically integrated with control over the metallurgy process from powder through pressing, sintering, forming, and machining. The acquisition of the ams OSRAM Schwabmünchen operation is anticipated to extend this model into Germany and the broader European market.

The Company views the transaction as a way to better serve evolving customer requirements in critical materials across a range of demanding applications, including:

Defense. European defense prime contractors are rebuilding supply chains under sovereignty and security-of-supply requirements that increasingly cannot be satisfied by non-European Union or Asian sources. Tungsten is a designated European Union critical raw material with limited European processing capacity. Fusion and high-energy research. Tungsten is the reference plasma-facing material for fusion programs. Elmet currently serves this market through both its Critical Materials Components and Engineered Microwave Products Divisions. Semiconductor. EUV lithography, MOCVD processing, and thermal process hardware, including tungsten hexafluoride (WF6) used in CVD tungsten deposition, all require materials and components produced to tight specification. Automotive, medical, and industrial. Lighting, X-ray and imaging, glass melting electrodes, high-temperature furnace components, welding and thermal spray, and precision wire applications across the European industrial base utilize refractory metals. “From powder through finished component, the Schwabmünchen operations are expected to provide our defense, fusion, semiconductor, medical, and industrial customers a European source for tungsten and molybdenum. We look forward to building on their foundation and integrating the site’s talent and capabilities into the broader Elmet organization,” said Derek Fox, President of the Critical Materials Components Division of The Elmet Group Co.

Strengthening the Foundation at Schwabmünchen

Elmet plans to retain the existing Schwabmünchen leadership and operating team as it advances the Company’s European expansion. The Company plans to invest in the workforce, equipment base, capacity, quality systems, and commercial capabilities of the Schwabmünchen site. The Company also intends to collaborate with the works council, the IG Metall union, and the local community to bolster and develop the workforce and provide secure, skilled manufacturing jobs in the region.

The Company also intends to expand the range of materials produced at the site, including TZM and tungsten heavy alloy, supported by planned investment in infrastructure, equipment, and facility upgrades needed to support their production.

“Schwabmünchen has a long history of technical excellence in tungsten and molybdenum manufacturing. I am happy that our great team from Schwabmünchen will become part of Elmet, an organization committed to carrying this legacy forward through its people and capabilities. Together with Elmet, the Schwabmünchen team will seek to build on this foundation, support our customers, and create new opportunities in the years ahead,” said Rainer Barthel, Managing Director of OSRAM GmbH.

Continuity for Existing Customers

To help safeguard supply continuity through the transition, Elmet Technologies GmbH will support ams OSRAM and a recent spinoff under production agreements covering the products each currently sources from the site. Existing external customers are intended to be served without interruption, with Elmet assuming supply, quality, and technical support responsibilities upon Closing. The Company plans to establish and develop external sales alongside a more robust digital commercial presence to strengthen its customer base across critical European industries, with a pipeline focused on defense, fusion research, semiconductor, medical, automotive, and general industrial applications.

About The Elmet Group

The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening manufacturing capabilities to support the U.S. and its Allies’ needs in both critical materials and advanced high-power microwave systems.

About the ams OSRAM Schwabmünchen Operation

The ams OSRAM Schwabmünchen site has produced tungsten and molybdenum materials since 1961, across approximately 26,800 square meters of production area, serving a narrow customer base with more than 3,500 products including metal powders, rods and pins, heavy and fine wire, cathodes and anodes, machined parts and powder injection molded components, together with chemical and physical analytics and materials engineering services. The site was named a winner of the Industrie 4.0 Award in the Smart Digitalization category in 2024.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the closing of the acquisition of the assets of ams OSRAM’s tungsten and molybdenum manufacturing operations in Schwabmünchen, the timing of such closing, the ability of Elmet to expand both the Site’s and its global production capabilities, extending Elmet’s vertically integrated manufacturing model into Germany and the European market, the satisfaction of requirements under production agreements and evolving customer needs across a range of industries, Elmet’s ability to establish and develop external sales, a digital commercial presence, and an expanded customer base across critical European industries, Elmet’s expected collaboration with local unions, work counsels and communities, the bolstering of skilled manufacturing jobs in the region, future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Company Contact
Chris Chandler
[email protected]

Investor Contact
Tom Colton and Greg Bradbury
Gateway Group, Inc.
[email protected]
949-574-3860

SpaceX (NASDAQ: SPCX) could be positioned for further gains after attracting more than $7 billion in institutional inflows over the past year.

Data shows that 108 institutional investors accumulated SpaceX shares over the last 12 months, generating total inflows of approximately $7.27 billion. Notably, filings show no reported institutional sellers during the same period.

SPCX institutional ownership. Source: Market Beat The accumulation trend comes as investors continue to bet on the long-term growth potential of Starlink, Starship, government contracts, and emerging artificial intelligence opportunities tied to SpaceX’s communications infrastructure.

Among the largest reported positions is K5 Global Advisor LLC, which disclosed ownership of 38.6 million shares valued at approximately $6.59 billion. Bond Capital Management LP reported more than 1.05 million shares worth about $180.62 million, while Value Aligned Research Advisors LLC held roughly 589,723 shares valued at $100.76 million.

Other investors reporting positions include Virginia Retirement Systems, Serenity Investment Advisors, TD Waterhouse Canada, Concurrent Investment Advisors, Turner Financial Group, Rik Saylor Financial, and several registered investment advisory firms.

While institutional ownership data is not a real-time indicator of buying activity, the absence of reported sellers alongside billions of dollars in inflows points to strong long-term conviction in SpaceX’s growth outlook.

ChatGPT SpaceX stock price prediction Using the latest institutional ownership trends alongside SpaceX’s growth outlook, ChatGPT projects a base-case valuation range of $2.4 trillion to $2.8 trillion over the next 12 months.

Under this scenario, SpaceX stock could trade between $180 and $210 per share, representing potential upside of roughly 22% to 42% from the press time share price of $147.

The forecast assumes continued growth in Starlink subscribers, expansion of enterprise and government contracts, and progress toward commercial deployment of the Starship launch system.

A more bullish outcome could emerge if Starship successfully enters commercial service and demonstrates meaningful cost advantages over existing launch vehicles. In that case, SpaceX could approach a valuation of $3 trillion to $3.7 trillion, implying a stock price range of $225 to $280 per share.

Conversely, slower-than-expected commercialization of Starship or weaker growth across key business segments could limit upside and keep the company closer to a valuation of $1.6 trillion, equivalent to approximately $120 to $135 per share.

Although institutional inflows highlight investor confidence, analysts increasingly view Starship as the most important catalyst for SpaceX’s valuation.

The fully reusable rocket is expected to significantly reduce launch costs while enabling larger payload deployments for Starlink and future commercial missions. 

Success in these areas could strengthen SpaceX’s position across satellite internet, launch services, defense contracts, and AI infrastructure markets.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!

The bullish model assumes 50 flights per vehicle before Starship has completed one commercial mission. Summary

Nearly 49% projected upside depends on repeatable launch economics, not another successful test.

SpaceX SPCX, the rocket-launch and satellite-internet company, landed a fresh Buy rating and a $220 price target from Pivotal Research Tuesday. The stock erased an early advance and hovered near $147.92, leaving the analyst's target approximately 48.7% above the market price.

Pivotal's valuation argument places SpaceX near $3 trillion and puts Starship at the center of the upside. The firm assumes the spacecraft could slash launch expenses by as much as 90% and eventually fly roughly 50 missions per vehicle. Its $220 target also sits about 63% above the company's $135 June IPO price—a rich premium built on enormous operating improvements that remain unproven.

SpaceX calls Starship a fully reusable transportation system, yet it has not completed a commercial mission. The GF Score of just 15 out of 100 reinforces that disconnect: the chart shows weak profitability, growth, momentum and GF Value, with financial strength offering only limited support. Another successful test could move the engineering story forward, but the $3 trillion case ultimately demands fast turnarounds, repeatable flights and paying customers—not simply a rocket that leaves the launchpad.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

As Space Exploration Technologies Corp. (NASDAQ: SPCX) stock struggles with the company’s massive disconnect between its expected revenue for 2026 of between $22 billion and $30 billion and its speculative valuation of approximately $2 trillion on September 8, 2026, Jeffrey Wlodarczak, a Wall Street analyst at Pivotal Research, believes that Starship reusability is the fundamental engineering bottleneck that must be solved. 

Wlodarczak initiated a rating for SpaceX stock with a ‘Buy’, according to a note sent to clients on Tuesday. He set the firm’s 12-month price target for SPCX at $220, thereby signaling a potential 48.43% upside.

“Our $220 target is a call on reuse 20-50 flights per vehicle, cheap refurb, fast turnaround. If that is solved, the rest of the model can happen. If it is not, SPCX is a different and much smaller company,” Wlodarczak noted.

This analyst asserts that cheap, high-frequency launch capacity for the company’s Starship program could catalyze growth in Starlink’s network. As such, SpaceX could manage to capture a significant share of the $1.7 trillion terrestrial and wireless connectivity market. 

Additionally, Pivotal Research highlighted that cheap, high-frequency reusability of Starship would help SpaceX to bypass ground-based power grids. Consequently, Elon Musk could deploy more orbital data centers, positioning the company to obtain a substantial market share in the rapidly expanding neocloud and hyperscaler sector.

Is SpaceX a good stock to buy? Earlier on Tuesday, Ken Gawrelski, an expert at Wells Fargo & Co. (NYSE: WFC), assigned a ‘Buy’ rating for SpaceX. Gawrelski, however, lowered the firm’s 12-month price target for SPCX to $212 from $215.

As a result, 34 analysts surveyed by TipRanks have set an average 12-month price target for SpaceX at $231.11. As of press time, the highest price target for SPCX from these analysts was $800 while the lowest is $75.

SPCX stock forecast. Source: TipRanks SPCX price performance  Since its initial public offering (IPO), SPCX’s price has added over 9%., trading at $148.22 at the time of publication.

SPCX all-time chart. Source: Finbold Since this company reported its second quarter (Q2) of fiscal year 2026, on August 4, SPCX’s price has attempted to regain bullish sentiment, which Wlodarczak believes hinges on Starship’s reusability.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!

SpaceX Gets a Bullish Call as Analyst Sees 49% Upside From Starship Summary

The analyst sees reusable Starship launches as a potential driver of growth across launch services, Starlink and AI infrastructure

SpaceX ( SPCX ) shares rose 1.5% Tuesday after Pivotal Research Group began coverage with a Buy rating and a $220 year-end 2027 target.

The target implies about 49% upside from the company's Sept. 4 closing price of $147.95. Analyst Jeffrey Wlodarczak based the view largely on whether Starship can achieve repeated flights with limited refurbishment and quick turnaround.

Pivotal expects that progress could reshape launch economics. The firm estimates reusable missions could cut launch expenses by more than 90%, creating room for Starlink expansion while supporting potential orbital computing operations.

The projections point to rapid growth. Revenue is expected to increase from $46.6 billion in 2026 to $118.2 billion in 2027, while adjusted EBITDA is forecast to reach $22.3 billion next year from $11.2 billion.

The valuation also carries substantial execution and funding risks. Pivotal estimates SpaceX could require about $1 trillion over the next decade. Starship delays, financing needs, competition and regulatory pressure could affect the outlook, while the $220 target assumes a 65% probability for the firm's base case.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure