Market Signal Briefing

Fri, 23/01/2026 - 8:25

$17 XRP will no longer looks impossible if this ultra-rare bull pattern versus Bitcoin confirms, reviving the same setup that once in 2018 sent the XRP/BTC pair up almost 1,000% in a historic breakout.

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

For the first time since January 2018, XRP has flashed a golden cross against Bitcoin on the monthly TradingView chart - and the setup is almost identical to the one that triggered a jaw-dropping 972% rally eight years ago in 2018.

For those not familiar with the 'golden cross' concept, the 23-month SMA just crossed above the 50-month SMA, which is what experienced chartists and quants call a macro golden cross. 

On the XRP versus BTC chart, this has only happened once before, right before the altcoin surged from 0.000023 to 0.000228 per Bitcoin in just three monthly candles. 

HOT Stories

XRP/USD by TradingViewThat same range is back on the radar now, with the pair trading at 0.000021 and showing the same low-volume compression, long base structure, and fractal recovery arc.

Back in 2018, this exact crossover heralded the end of a long period of Bitcoin dominance and the start of most explosive repricing ever for the XRP price. 

$17 for XRP as the ultimate dream targetWith the leading cryptocurrency now well over $89,000, and the altcoins are at least trying to show some early signs of rotation, those who spot the golden cross are watching the XRP/BTC pair as a high-beta play that could headline a major altcoin breakout.

You Might Also Like

If the pattern repeats, XRP would reclaim 0.000228 BTC - translating into a 930% gain from current levels. With BTC holding at around $90,000, the price of XRP could reach over $17. Some skeptics may say XRP isn't as popular as it was in 2017-2018, but it's the price action that often dictates the sentiment, not vice versa.

Two golden crosses in nine years. The last one ended with XRP overtaking Ethereum by market cap. This one could decide whether it happens again.

Related articles

Timothy Morano Jan 23, 2026 06:48

INJ Price Prediction Summary • Short-term target (1 week): $4.80-$5.00 • Medium-term forecast (1 month): $5.80-$6.20 range • Bullish breakout level: $4.80 • Critical support: $4....

INJ Price Prediction Summary • Short-term target (1 week): $4.80-$5.00 • Medium-term forecast (1 month): $5.80-$6.20 range
• Bullish breakout level: $4.80 • Critical support: $4.42

What Crypto Analysts Are Saying About Injective Recent analyst forecasts from mid-January paint a cautiously optimistic picture for INJ's price trajectory. Tony Kim projected INJ targets of $5.90 in the short term, with medium-term forecasts reaching $6.00–$6.20. Similarly, Joerg Hiller anticipated INJ reaching between $5.80–$6.03 in the near term, potentially expanding to $5.80–$6.50 over the next month.

Darius Baruo provided additional context, noting that despite INJ trading around current levels, the neutral RSI environment supports targets toward $6.20 within 4–6 weeks, contingent on breaking key resistance at $5.73.

These predictions collectively suggest a potential 25-35% upside from current levels, though technical confirmation remains crucial for validation.

INJ Technical Analysis Breakdown Current technical indicators present a mixed but potentially constructive setup for INJ. Trading at $4.64, the token sits below most key moving averages, with the SMA 20 at $5.11 and SMA 50 at $5.01 acting as immediate resistance zones.

The RSI reading of 42.34 indicates neutral momentum, neither oversold nor overbought, providing room for upward movement. However, the MACD histogram at 0.0000 suggests bearish momentum, though this could indicate a potential inflection point rather than continued decline.

Bollinger Bands analysis reveals INJ positioned at 0.1372, placing it near the lower band support at $4.46. This positioning often precedes mean reversion moves toward the middle band at $5.11, aligning with analyst targets.

Key resistance levels include immediate resistance at $4.72 and stronger resistance at $4.80, which coincides with analyst breakout levels. Support remains solid at $4.53 and $4.42.

Injective Price Targets: Bull vs Bear Case Bullish Scenario The bullish case for this INJ price prediction centers on breaking above $4.80 resistance, which would confirm analyst projections. A successful break could target the SMA 20 at $5.11, followed by the analyst consensus range of $5.80-$6.20.

Technical confirmation would require RSI moving above 50 and MACD histogram turning positive. The Bollinger Band squeeze suggests volatility expansion is likely, potentially favoring the upside given the oversold positioning.

Volume confirmation above the current $2.5 million daily average would strengthen the bullish thesis, particularly if accompanied by breaks above key moving averages.

Bearish Scenario The bearish scenario for this Injective forecast involves a breakdown below the critical $4.42 support level. Such a move could target the psychological $4.00 level, representing additional downside risk.

Risk factors include the continued MACD bearish momentum and positioning below multiple moving averages. A break below the Bollinger Band lower boundary at $4.46 would signal increased selling pressure.

Market-wide crypto weakness or specific negative developments around the Injective protocol could accelerate downside moves beyond technical support levels.

Should You Buy INJ? Entry Strategy Based on current technical levels, a staged entry approach appears prudent for this INJ price prediction. Initial entries could be considered near current levels around $4.64, with additional accumulation on any dips toward the $4.53 support.

The optimal entry zone ranges from $4.53-$4.64, offering favorable risk-reward ratios toward analyst targets of $5.80-$6.20. Stop-loss orders should be placed below $4.42 to limit downside exposure.

For more aggressive traders, a breakout entry above $4.80 with volume confirmation could provide higher probability setups, though at reduced reward ratios. Position sizing should account for the 14-day ATR of $0.35, indicating moderate volatility expectations.

Conclusion This Injective forecast suggests cautious optimism based on analyst consensus and technical positioning. The $5.80-$6.20 target range represents reasonable upside potential within 4-6 weeks, supported by oversold technical conditions and neutral RSI readings.

However, confirmation through breaking $4.80 resistance remains crucial for validating the bullish thesis. Until then, INJ remains in a consolidation phase with potential for both upside surprises and downside risks.

This INJ price prediction is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risks, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before investing.

Image source: Shutterstock

inj price analysis inj price prediction

Story HighlightsThe live price of the WazirX token is  $ 0.04805510In 2026, WRX’s outlook depends on exchange revival efforts, transparency around repayments, and regulatory clarity in India.WazirX price with a potential surge, could go as high as $1.00 by 2030.WazirX was once one of India’s leading crypto exchanges, with over 16 million registered users. Its WRX token played a key role by offering trading rewards, fee discounts, and benefits within the platform.

Things changed after a major security breach in 2024, which reportedly led to a loss of about $230 million. The incident forced WazirX to halt trading operations for nearly 16 months, and user trust dropped sharply. 

Later, Binance delisted WRX, reducing liquidity and pushing the price down to around $0.046. 

Now, many investors are unsure if WRX can recover, raising questions about its future price. So, let’s dive deep into WazirX price predictions for 2026, 2027, and 2030.

WazirX Price TodayCryptocurrencyWazirXTokenWRXPrice$0.0481 2.93% Market Cap$ 18,350,274.6424h Volume$ 39,123.2107Circulating Supply381,856,872.3420Total Supply962,646,668.99All-Time High$ 5.9385 on 05 April 2021All-Time Low$ 0.0092 on 05 June 2025WazirX (WRX) Price Targets For February 2026Currently, WRX finds itself in survival mode rather than growth mode. WazirX reopened in October 2025 with about 6.6 million users involved in the resumed operations.

As of January, 2026, WazirX has completed the allocation of Recovery Tokens to eligible users. These tokens represent the remaining 15–25% of user claims not covered by the initial liquid asset distribution.

However, price movement at this stage is driven more by news flow and sentiment than by organic adoption. If the market favors the bulls, the WRX token may reach a high of $0.086 by the end of February 2026.

Technical AnalysisLooking at the WRX 4-hour price chart, it is still in a clear downtrend. WRX token is is trading near strong support around $0.045, which has been tested multiple times. 

If this level breaks, WRX could fall toward $0.042. Meanwhile, upside resistance remains near $0.049–$0.050, where price keeps getting rejected. 

However, WRX is also trading below the 20-period moving average, showing weak momentum. Overall, sellers remain in control. 

However, a clean and sustained breakout above the $0.050 level could shift momentum and open the door for WRX to test the $0.086 level. 

MonthPotential Low ($)Potential Average ($)Potential High ($)WRX Crypto Price Prediction February 2026$0.020$0.051$0.086The year 2026 represents a make-or-break phase for WazirX. Unlike infrastructure or DeFi projects, WRX’s value is directly tied to the operational credibility of the exchange itself.

However, WazirX announced that it plans to use a portion of its platform profits and recovered stolen assets to buy back these Recovery Tokens over a 36-month period. 

Meanwhile, longer-term, regulatory clarity in India could also benefit WazirX. If centralized exchanges gain a clearer legal framework, WazirX may re-enter the market in a more compliant and institution-friendly form.

YearPotential Low ($)Potential Average ($)Potential High ($)WRX Price Prediction 2026$0.020$0.085$0.180WazirX (WRX) Price Prediction 2026 – 2030YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.020$0.085$0.1802027$0.059$0.150$0.3202028$0.080$0.260$0.5272029$0.140$0.410$0.7812030$0.220$0.650$1.050WazirX Price Prediction 2026In 2026, WRX is expected to remain volatile and news-driven. A move toward $0.18 is possible only if meaningful recovery steps are taken.

WazirX Price Prediction 2027By 2027, WRX’s outlook could improve modestly if WazirX stabilizes core operations and regains a portion of its user base

WazirX Price Prediction 2028In 2028, the key variable becomes regulatory clarity in India. If centralized exchanges operate under a defined legal framework, WazirX may re-emerge as a compliant domestic platform.

WazirX Price Prediction 2029Longer-term recovery in 2029 depends on consistency, once WRX can begin to trade more like a mature exchange token. Under this scenario, WRX prices will jump to near $0.78.

WazirX Price Prediction 2030By 2030, WRX’s valuation will depend entirely on whether WazirX survives as a trusted and regulated exchange. If the platform successfully rebuilds credibility and maintains steady trading volumes, WRX could reach $1.00.

What Does The Market Say?Year202620272030Wallet Investor$0.229$0.39$0.83priceprediction.net$0.347$0.505$2.30DigitalCoinPrice$0.24$0.33$0.74CoinPedia’s WazirX (WRX) Price PredictionAccording to CoinPedia’s formulated WazirX price prediction, WRX is a high-risk recovery token rather than a growth asset. Its price is no longer driven by adoption metrics but by whether WazirX can repair trust after the 2024 hack.

If the exchange delivers transparency, fair repayments, and operational stability, CoinPedia expects WRX to attempt a slow recovery in 2026, with a potential high near $0.18. 

YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.020$0.085$0.180Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat caused the collapse of the WRX price?

The 2024 hack, which led to a loss of $230 million, shut down the trading activity on WazirX for 16 months, and Binance’s delisting triggered a massive loss of confidence.

Can WRX recover in 2026?

However, WRX token price recovery is possible only if WazirX restores operations and resolves user repayment concerns.

What is WazirX price prediction for 2026?

WazirX (WRX) price in 2026 is expected to range between $0.02 and $0.18, depending on exchange recovery, trust rebuilding, and market conditions.

What is WazirX price prediction for 2030?

By 2030, WRX could reach close to $1.00 if WazirX survives as a trusted, regulated exchange with consistent trading volumes and user growth.

What is WazirX price prediction for 2040?

WRX price in 2040 is highly speculative. Long-term value depends entirely on WazirX’s survival, regulation, and relevance in a competitive crypto market.

Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

A winter storm threatening to pelt most of the southern US with ice and heavy snow this weekend could see Bitcoin miners curtail their operations until the front has passed.

American weather forecasting company AccuWeather reported on Thursday that a “massive winter storm” could extend for 1,800 miles from far west Texas to the mid-Atlantic coast, cutting power, preventing travel in over a dozen states and affecting upwards of 60 million people.

When large storms have caused havoc to power grids in the past, Bitcoin miners have powered down to ease the load on the grid. In 2022, when a major winter storm hit Texas, crypto miners across the state voluntarily curtailed their activities.

Daniel Batten, a Bitcoin (BTC) environmental, social and governance researcher, told Cointelegraph that miners will likely do the same thing again.

“I think that with extreme weather events becoming more common in jurisdictions throughout the world, the need for Bitcoin mining loadbalancing, particularly as more solar and wind go onto grids, is only going to increase,” he added.

AccuWeather predicts the storm will affect tens of millions and likely result in power outages across multiple US states. Source: AccuWeatherBitcoin miners can help stabilize power grids through load balancing by acting as a fast, controllable demand response. Miners set up near wind or solar installations and ramp up to soak up surplus power and shut down when the grid tightens.

A Tuesday report from the Digital Assets Research Institute suggested Bitcoin mining has saved Texas around $18 billion by eliminating the need for new gas peaker plants.

Bitdeer doesn’t expect the storm to shut it downSingapore-based miner Bitdeer, which operates over 293,000 rigs globally, including in Texas and other US locations, told Cointelegraph it doesn't anticipate the storm causing a huge disruption to its rigs.

“Storms typically do not directly impact our operations. We have standard operating procedures as the season changes, such as winterizing of pipes. The site team monitors the weather situation, so they are responsive,” a Bitdeer spokesperson said.

The spokesperson added that the Electric Reliability Council of Texas considers Bitcoin miners “large flexible loads,” meaning they can curtail their electricity usage on request, unlike other industrial electricity users with firm electrical demands.

“Bitdeer stands ready to fully support the grid should supply constraints occur,” they said.

US miners control the largest share of hashrateMiners are the backbone of the Bitcoin network. They validate and record all Bitcoin transactions into new blocks. The more miners participate, the higher the hashrate, which helps secure the network.

The US is home to a large chunk of the world’s mining power, with Bitcoin mining data platform Hashrate Index estimating the country controls nearly 38% of the global hashrate. 

Some of the largest miners in the US include Marathon Digital Holdings and Riot Platforms.

US-based miners control the largest share of the global hashrate, followed by those in Russia and China. Source: Hashrate Index There are also a large number of facilities in the US. The federal Energy Information Administration found in 2024 that there were upwards of 137 crypto-mining facilities in the US, with the largest concentrations in Texas, Georgia and New York.

Magazine: 7 reasons why Bitcoin mining is a terrible business idea

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

The new feature allows U.S. users to borrow USDC against cbETH while keeping their staked ETH exposure intact.

Felix Pinkston Jan 23, 2026 07:17

HBAR price prediction shows potential 47% upside to $0.16 by January end despite current bearish momentum. Technical analysis reveals neutral RSI but critical support holds.

Hedera (HBAR) is trading at $0.109 as of January 23, 2026, showing minimal daily movement but sitting at a critical juncture for potential price action. Despite current bearish momentum signals, recent analyst reports suggest significant upside potential for the hashgraph-based cryptocurrency.

HBAR Price Prediction Summary • Short-term target (1 week): $0.11-$0.12 • Medium-term forecast (1 month): $0.14-$0.16 range
• Bullish breakout level: $0.13 (Upper Bollinger Band) • Critical support: $0.10 (Lower Bollinger Band)

What Crypto Analysts Are Saying About Hedera While specific KOL predictions are limited in the past 24 hours, recent analysis from Blockchain.News has been consistently bullish on HBAR's near-term prospects. Multiple reports from January 17-20, 2026, have maintained a target of $0.16 by month-end, representing approximately 47% upside from current levels.

According to the latest technical analysis from Blockchain.News: "HBAR faces bearish momentum at $0.11 but analysts target $0.16 by month-end. Technical indicators show consolidation phase with 45% upside potential if resistance breaks."

The consistent $0.16 target across multiple reports suggests institutional confidence in Hedera's ability to break through current resistance levels, despite mixed technical signals.

HBAR Technical Analysis Breakdown Current HBAR price action reveals a cryptocurrency in consolidation mode with several key technical indicators providing mixed signals:

RSI Analysis: At 41.01, Hedera's RSI sits in neutral territory, indicating neither overbought nor oversold conditions. This neutral positioning suggests room for movement in either direction, with the recent decline from higher levels potentially creating a foundation for recovery.

MACD Momentum: The MACD histogram reading of -0.0000 indicates minimal bearish momentum, while the MACD line at -0.0032 suggests selling pressure has largely subsided. This convergence near zero often precedes directional moves.

Bollinger Bands Position: With HBAR's %B position at 0.1859, the token is trading closer to the lower band ($0.10) than the upper band ($0.13). This positioning near support levels often provides favorable risk-reward ratios for potential entries.

Moving Average Analysis: The price structure shows HBAR trading below its short-term moving averages, with the SMA 20 at $0.12 acting as immediate resistance. However, the convergence of multiple moving averages suggests a potential breakout scenario.

Hedera Price Targets: Bull vs Bear Case Bullish Scenario The primary bullish case for HBAR centers around the $0.16 target consistently cited by analysts. Key levels for this scenario include:

Initial resistance break: $0.11 (current strong resistance) Secondary target: $0.13 (Upper Bollinger Band) Primary target: $0.16 (47% upside potential)

Technical confirmation for the bullish case would require HBAR to reclaim the $0.12 level (SMA 20) and establish it as support. A break above the upper Bollinger Band at $0.13 would likely accelerate momentum toward the $0.16 target.

Bearish Scenario The bearish case revolves around the failure to hold current support levels:

Critical support: $0.10 (Lower Bollinger Band) Extended downside: $0.09-$0.095 range Extreme scenario: Retest of significant historical support levels

Risk factors include broader cryptocurrency market weakness, failure to break above moving average resistance, and potential selling pressure from recent consolidation patterns.

Should You Buy HBAR? Entry Strategy Based on current technical positioning, potential entry strategies include:

Conservative approach: Wait for a break and retest of $0.12 resistance, providing confirmation of trend reversal with entry around $0.115-$0.12.

Aggressive approach: Current levels near $0.109 offer proximity to support with manageable downside risk to $0.10.

Stop-loss considerations: A daily close below $0.10 would invalidate the bullish thesis and suggest extended downside potential.

Risk management should include position sizing appropriate for the 47% upside potential versus 10% downside risk to critical support levels.

Conclusion The HBAR price prediction for the remainder of January 2026 suggests cautious optimism despite current mixed technical signals. The consistent $0.16 target from multiple analyst reports provides a clear upside objective, while current positioning near Bollinger Band support offers favorable risk-reward ratios.

However, Hedera forecast success depends on breaking through immediate resistance levels and establishing momentum above moving average confluence. The neutral RSI provides flexibility for movement in either direction, making the next few trading sessions critical for determining short-term trajectory.

This HBAR price prediction is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results.

Image source: Shutterstock

hbar price analysis hbar price prediction

Amin Ayan

Crypto Journalist

Amin Ayan

Part of the Team Since

Apr 2025

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...

Has Also Written

Last updated: 

12 minutes ago

World Liberty Financial, the crypto project associated with the family of US President Donald Trump, has entered a partnership with satellite startup Spacecoin to explore how decentralized finance could operate over space-based internet infrastructure.

Key Takeaways:

World Liberty Financial is partnering with Spacecoin to explore DeFi over satellite internet. The USD1 stablecoin is positioned for payments in remote and underserved regions. The move supports the project’s broader effort to expand USD1’s global use. In a blog post published Thursday, Spacecoin said the collaboration includes a token swap between the two projects, though financial terms were not disclosed.

The companies said the partnership is aimed at expanding access to digital financial services in regions where traditional banking and broadband infrastructure remain limited.

World Liberty Financial Says USD1 Targets Real-World Payments in Underserved AreasZak Folkman, co-founder of World Liberty Financial, said the initiative aligns with the project’s broader focus on real-world payments and settlement.

He said the USD1 stablecoin is designed to support transactions in environments where conventional financial rails are unavailable or unreliable, including remote and underserved areas.

Spacecoin is building a low-Earth orbit satellite network intended to provide internet connectivity beyond the reach of terrestrial broadband.

The company said it has already launched three satellites and is positioning its system as a decentralized physical infrastructure network, or DePIN, that could support financial and communications services in hard-to-connect regions.

The partnership comes as World Liberty Financial continues to broaden the use cases for its USD1 stablecoin.

🛰️ MAJOR ANNOUNCEMENT 🛰️

In a move anchored by a token swap with @worldlibertyfi, we’re entering into a strategic partnership to explore new solutions that converge the decentralized technology of finance and satellite internet connectivity.

Together, we will continue… pic.twitter.com/XnTRfdOKUx

— Spacecoin™ 🛰️ (@spacecoin) January 22, 2026 Beyond payments, the project has expanded into crypto lending through its World Liberty Markets platform, while promoting USD1 as a settlement asset for onchain and offchain activity.

USD1, a dollar-pegged stablecoin launched last year, has grown rapidly. Its market capitalization now stands at approximately $3.27 billion, placing it among the larger stablecoins in circulation.

World Liberty Financial has also stepped up its international outreach.

Earlier this month, Pakistan signed a memorandum of understanding with a World Liberty affiliate to explore potential applications of USD1 in payments and remittances.

The agreement marked one of the first instances of a sovereign entity formally engaging with the Trump-linked protocol.

Bitcoin Loses 25,000 Millionaire Addresses Despite Pro-Crypto Turn Under TrumpAs reported, Bitcoin has shed roughly 25,000 millionaire addresses in the year since Donald Trump returned to the White House, even as US policy shifted toward a more crypto-friendly stance.

Blockchain data shows the number of addresses holding at least $1 million in BTC fell about 16% year over year, suggesting regulatory optimism has not translated into sustained on-chain wealth growth.

The pullback was less severe among the largest holders. Addresses with more than $10 million in Bitcoin declined by about 12.5%, indicating that top-tier investors were better able to withstand price volatility, while wallets near the millionaire threshold were more exposed to market swings.

Much of the increase in Bitcoin millionaire addresses occurred before Trump took office, driven by a late-2024 rally fueled by election-related optimism and expectations of deregulation.

The Bank of Japan held rates steady while revising inflation and growth projections higher.

Cardano’s (ADA) current price may look tempting, especially as it sits deep in oversold territory, but cheap doesn’t always mean opportunity. When momentum is absent and structure remains weak, early buyers often find themselves stuck watching price drift sideways for weeks. For ADA, the real question isn’t how low it has gone; it’s whether it has the strength to escape.

Trapped In the Red Zone: Pressure, Not Opportunity Trend Rider, in a recent update shared on X, explained that ADA’s daily chart has been flashing signals that many traders interpret as a “perfect bottom.” With the price sitting at the lower end of the bands and deep in the red, the temptation to buy looks obvious. However, Rider cautioned that low prices alone are not a guarantee that a move higher is ready to begin.

According to the analysis using the Rider Algo, Cardano is currently pinned inside a dark red zone. While some see this area as a solid floor, Trend Rider views it as a zone of heavy pressure and exhaustion, where price often drifts sideways for extended periods, leaving traders stuck in unproductive consolidation.

ADA is still volatile | Source: Chart from Trend Rider on X Rider emphasized that trying to catch absolute bottoms rarely works out, often resulting in either catching a falling knife or watching capital remain stagnant while other assets show clearer momentum. As a result, Rider’s focus is not on buying at the lowest possible price, but on waiting for confirmation that strength is returning as the key is not support, but escape. 

Trend Rider expects Cardano to demonstrate the ability to climb out of the red zone with conviction. Specifically, the analyst is watching for a decisive breakout and a daily close above the $0.45 level. Until that happens, the bears still control the market structure. For now, Rider’s plan is to enter at a higher price with confirmed momentum than gamble on a “perfect bottom” and hope it holds. Currently, trading is about correct timing, not arriving first. 

Cardano Buyers Defend $0.33–$0.36 From Marcus Corvinus’s analysis, Cardano is currently reacting from a key demand zone between $0.33 and $0.36, an area where buyers have previously stepped in to defend the price. This zone is now under close watch as it could once again play a crucial role in determining the next move.

Corvinus noted that if the demand zone holds and bullish momentum begins to build, ADA could see a more sustained bounce, potentially opening the way toward the next major resistance level around $0.53. As things stand, this area is shaping up to be a decision point for the market. Continued buyer defense could help rebuild structure and gradually shift pressure back to the upside.

ADA trading at $0.36 on the 1D chart | Source: ADAUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin price traded cautiously on Friday after the Bank of Japan kept its benchmark interest rate at 0.75%. 

Summary

The Bank of Japan kept its benchmark interest rate at 0.75% but future hikes are possible if inflation persists. Bitcoin traded slightly below $90,000, reflecting short-term calm but ongoing caution from yen-driven liquidity pressures. Technical indicators point to weakening momentum, making support near $89,500–$90,000 a key level to watch. Investors are balancing short-term relief against ongoing liquidity concerns linked to Japan’s policy decision.

The BOJ voted 8–1 on Jan. 23 to maintain its interest rate at the level set following its hike in December. This was the highest rate in about 30 years. 

Why the BOJ decision matters for Bitcoin Markets had largely expected the BOJ rate to hold steady, and the decision removed the risk of an immediate policy shock. Instead of moving sharply as it had after earlier rate hikes, Bitcoin’s (BTC) initial response reflected the calm, remaining slightly below $90,000.

The central bank’s statement wasn’t entirely neutral. The BOJ increased its inflation forecasts, allowing for additional rate hikes in the event that price pressures persist.

The shift in Japan’s stance away from extremely loose monetary policies over the last two years has significantly influenced global liquidity, a factor that carries considerable weight for cryptocurrency markets.

Following the BOJ’s interest rate increase in July 2024, Bitcoin fell roughly 26%, from $68,000 to $50,000 in the days that followed. A similar move in January 2025 resulted in a roughly 25% drop over a few weeks, from $74,000 to almost $55,000.

After the December 2025 hike to 0.75%, Bitcoin stayed relatively steady contrary to expectations. It hovered around $90,000, showing that traders had already priced in part of the move. 

The Bank of Japan’s decision to hold rates steady has removed the immediate shock of another hike, explaining why Bitcoin is moving sideways near $89,000-$90,000. Analysts say the cryptocurrency could stay near this range or pull back further unless buyers push it above $92,000–$94,000. 

Any meaningful gains will depend on investors taking on more risk or improvements in global economic conditions.

Bitcoin price technical analysis Bitcoin appears to be on unstable ground. The price has fallen below the 20-day moving average and is testing the 50-day average near $92,000, a level that has repeatedly capped recovery attempts over the past weeks. The overall trend suggests the market is still in a corrective phase.

Bitcoin daily chart. Credit: crypto.news As sellers intervened during the most recent bounce, the rally stalled between $97,000 and $98,000, creating a lower high. This rejection occurred in the upper Bollinger Band, which has often capped upward movements.

Momentum indicators show caution. The relative strength index has dropped to the mid-40s after reaching overbought levels earlier this month, suggesting falling demand as opposed to sideways consolidation.

Following a period of compression, volatility has begun to rise, making downward movements more likely.

Immediate support sits at $89,500–$90,000. That zone has held so far, but a daily close below $89,000 could lead to a deeper pullback toward $87,000–$88,000, near the lower Bollinger Band.

Peter Schiff has a new theory for why Bitcoin (BTC) is struggling to maintain its momentum in early 2026: Wall Street ruined it.

In a recent social media exchange, the odious gold bug has argued that the "institutionalization" of the cryptocurrency has effectively killed its value proposition. 

According to Schiff, the asset's best days occurred when it was a niche, contrarian bet.

HOT Stories

Now that it has been packaged into ETFs and sold to the masses, he claims it has become one of the "worst performing assets."

116% returns vs. "late" entrantsThe commentary was sparked by a back-and-forth on X (formerly Twitter) with one user challenging Schiff’s bearishness by pointing to the scoreboard.

"It’s literally up over 116% since the ETF launch in Jan 2024," Kavaljian noted.

You Might Also Like

Schiff, however, dismissed the 116% figure as a "rear-view mirror" metric that masks the reality for the majority of current holders.

"Mostly just the first few months," Schiff retorted. "Most people who now own bought later. But gold and silver have way outperforming 116%."

Bitcoin vs. precious metals Bitcoin is currently trading near $92,000 (up roughly 116% from the ~$42,000 levels of Jan 2024), but it has faced stiff competition from "boomer rocks."

Silver has been on a parabolic run, recently breaking yet another all-time high. 

"Silver is above $98, trading at $98.35.  Amazing that it's less than $2 away from $100. It's up over 35% so far this year, and there's still over a week left in January!" Schiff said. 

Gold has consistently hit new all-time highs, and it is now inching closer to the $5,000 mark.  

"Since its peak in November 202,1 Bitcoin is now down over 50% priced in gold. Let that sink in," the gold bug noted. 

TLDR: Pi App Studio introduces no-code payment integration allowing non-technical creators to add cryptocurrency transactions. First 1,000 qualified survey respondents receive 5 Pi credits exclusively for App Studio app creation and customization. Ad-supported deployment enables non-migrated Pioneers to create apps without spending Pi cryptocurrency holdings. Payment feature currently supports single-session transactions with plans for persistent purchases in future updates. Pi Network has announced major updates to its App Studio platform for 2026, introducing simplified payment integration and new creator incentives. 

The blockchain project revealed plans for a community event offering Pi credits to early participants while expanding access to app development. 

These changes aim to lower technical barriers and increase utility creation across the Pi ecosystem through enhanced features and cost-free deployment options.

Pi App Studio is expanding app creation in 2026 with a new creator event and new features, including an easy, non-technical and interactive way to integrate Pi payments and cost-free route for app deployments.

For the event, Pioneers can complete a short survey, and the first…

— Pi Network (@PiCoreTeam) January 22, 2026

Payment Integration Streamlines App Monetization The App Studio now enables creators to integrate Pi payments without technical expertise or coding knowledge. 

This marks a departure from traditional blockchain app development, which typically requires specialized programming skills. 

The platform wraps complex payment systems into simple, interactive steps that non-technical users can follow. 

Creators can add Test-Pi payment interactions for in-app purchases and feature unlocks during active sessions.

The payment feature currently supports single-session transactions only. Users cannot maintain persistent purchases across different app sessions at this stage. 

According to the announcement, “Although this initial version does not yet support persistent purchases across sessions, meaning purchases won’t be saved if a user leaves and comes back, it establishes the foundation for richer app creation opportunities.” This foundation prepares creators for future Mainnet-enabled payment capabilities.

The update addresses a significant hurdle in blockchain app development, where payment integration normally demands considerable time and technical competence. 

Pi Core Team shared the announcement through their official account, noting the expansion includes “an easy, non-technical, and interactive way to integrate Pi payments and a cost-free route for app deployments.” The tweet emphasized how these updates support the creation of more useful App Studio applications.

App creators must use specific prompts mentioning “Pi payment” when customizing their applications with the platform’s AI tools. 

This approach democratizes blockchain app monetization beyond the developer community. The system enables creator monetization incentives and sustainable business models for App Studio applications.

Creator Event Offers Rewards and Expanded Access Pi Network launched a creator event, inviting Pioneers to complete a survey about their favorite App Studio applications. The first 1,000 qualified respondents will receive 5 Pi credits exclusively for App Studio use. 

The announcement explains that “since each AI-generated iteration and deployment onto servers in the App Studio costs Pi, this credit is meant to remove the friction of the costs of experimentation.” Spam responses will not qualify for the reward program.

The event seeks feedback to guide future improvements to App Studio features and development tools. 

Participants can access the survey through a banner displayed at the top of the App Studio interface. This initiative encourages experimentation among both experienced creators and newcomers to the platform.

The platform introduced ad-supported app creation as an alternative to Pi payments. Creators can now deploy app iterations by watching advertisements instead of spending cryptocurrency. 

This option becomes available when a creator’s App Studio balance drops below 0.25 Pi. The feature specifically targets non-migrated Pioneers and users who prefer not to spend their Pi holdings.

The documentation clarifies that “ad revenue generated by this feature does not cover the cost of app generation and deployment in the App Studio, including API costs and server costs.” 

The approach intentionally subsidizes app creation expenses to broaden platform accessibility while preventing spam and exploitation. This subsidy measure remains subject to future modifications based on economic sustainability. 

The combination of survey rewards, simplified payments, and ad-supported deployment creates multiple pathways for participation in the Pi app ecosystem.

The metric highlights weak risk-adjusted performance during periods of volatility, a feature of drawdowns that can persist for months.

The end of another week is here again, which means a new round of Bitcoin and Ether options contracts are expiring while spot markets have tanked this week.

Around 21,700 Bitcoin options contracts will expire on Friday, Jan. 23, with a notional value of roughly $1.8 billion. This event is slightly smaller than last week’s, as derivatives trading remains sluggish.

Crypto markets have lost around $200 billion since the start of the week, amid escalating trade wars, Japanese bond turmoil, and delays in US crypto legislation.

Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.75, meaning that there are more expiring calls (longs) than puts (shorts). Max pain is around $92,000, according to Coinglass, which is above current spot prices, so many will be out of the money on expiry.

Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at $100,000, which has $2 billion at this strike price on Deribit. There remains around $1.1 billion in OI at $85,000 and $90,000, as bearish bets mount.

Total BTC options OI across all exchanges has been climbing since the beginning of the year and is at $36 billion.

“Expiry positioning is tightly clustered around key strikes, keeping spot sensitive into the cut,” stated Deribit before adding:

“Geopolitics and trade policy uncertainty remain the macro backdrop, supporting hedging demand and keeping volume reactive.”

In addition to today’s batch of Bitcoin options, around 118,000 Ethereum contracts are also expiring, with a notional value of $346 million, max pain at $3,250, and a put/call ratio of 0.86. Total ETH options OI across all exchanges is around $8 billion.

You may also like: Trump Cancels Greenland Tariffs, Bitcoin Volatility Spikes Bitcoin Price Reclaims $90K After Trump Rules Out Using Force Over Greenland Bitcoin Lost $8K in 2 Days but Whales and Sharks Continue to Accumulate This brings the total notional value of crypto options expiries to around $2.1 billion.

Spot Market Outlook Total market capitalization is down 1% on the day, as all gains made so far this year were wiped out in this red week.

Bitcoin fell to an intraday low of $88,560 before recovering to reclaim $89,500 at the time of writing, but it failed to reach $90,000 over the past 24 hours, suggesting the sellers are strengthening.

Ether prices are also bearish, with a fall below $3,000 and no attempts to reclaim the psychological level over the past 12 hours. It currently trades at $2,950.

Altcoins were mostly in the red, shedding a further 2% to 3% on the day as fear and uncertainty persist.

Tags:

Both tech companies are funding massive AI buildouts and could see strong long-term returns from these investments. But one stock edges out the other in a head-to-head comparison.

Both Alphabet (GOOG +0.72%) (GOOGL +0.66%) and Meta Platforms (META +5.63%) sit near the center of two big investor debates: how quickly AI (artificial intelligence) spending is rising and which platforms can turn that spending into durable, profitable growth.

But which of these two stocks is a better buy today? This is a timely question, as social media specialist Meta is scheduled to report fourth-quarter results later this month, and online search giant Alphabet is scheduled to report its results in early February. Of course, there's no way to know how either stock will move when they report earnings, but it helps to have a good grasp on the businesses and their valuations headed into their reports.

Image source: Getty Images.

Ultimately, I believe the choice between the two comes down to whether Meta's lower valuation fully compensates investors for some of its disadvantages relative to Alphabet -- namely, its less diversified business.

Alphabet: The more diversified business Alphabet grew revenue 16% year over year in the third quarter of 2025 to $102.3 billion. Of course, the primary driver for Alphabet's overall top line remains its core ad-supported Google services, where search and YouTube ads each delivered double-digit growth in Q3.

Today's Change

(

0.72

%) $

2.36

Current Price

$

330.74

But what's powerful about Alphabet's business is that it boasts an important and fast-growing non-advertising component: Google Cloud. Alphabet's cloud computing revenue rose 34% year over year to about $15.2 billion in the quarter. This outpaced Google services growth of 14% year over year. Of course, Google services revenue for the quarter of $87.1 billion still towered over its Google Cloud business. But Google Cloud is now big enough to be a major part of the investment thesis. Of course, with this growth comes spending. In its third-quarter update, management raised its 2025 capital expenditures outlook to a range of $91 billion to $93 billion.

With such a robust business, Alphabet commands a premium valuation. Shares trade at a price-to-earnings ratio of 32 -- well over Meta's multiple of 27.

Meta: The faster-growing business Meta's latest quarter shows a simpler business model (almost entirely dependent on advertising revenue generated on its social media platforms), but also faster growth. Its third-quarter revenue rose 26% year over year to $51.2 billion. Additionally, the lifeblood of Meta's business -- users -- remained healthy. Meta's total daily active users across all of its apps rose 8% year over year to 3.54 billion.

Today's Change

(

5.63

%) $

34.52

Current Price

$

647.48

Meta also spelled out how it is producing that growth: ad impressions rose 14% year over year, while the average price per ad rose 10%. This was "largely driven by improved ad performance," which attracted greater demand for advertising, said Meta chief financial officer Susan Li during the company's third-quarter earnings call.

Of course, Meta is also spending heavily. Capital expenditures in Q3 were $19.4 billion, and management guided to full-year 2025 capital expenditures between $70 billion and $72 billion.

This is the better AI growth stock to buy right now Which stock is the better buy? I believe the answer boils down to two things: valuation and growth.

As of this writing, Meta trades at about 21 times forward earnings (analysts' consensus forecast for earnings over the next 12 months), while Alphabet trades closer to 29 times forward earnings.

Ultimately, Meta offers a better price for the growth investors are getting today. Yes, Alphabet boasts a more diversified business with a powerful Google Cloud unit, but Meta's overall business is growing much faster than Alphabet's.

Still, Alphabet is a great business and a solid stock, too. Its more diversified business -- plus Google Cloud's 34% growth rate -- can justify investors paying a higher multiple than they pay for a more ad-concentrated model. But the valuation gap between the two is simply too big to be able to recommend Alphabet over Meta.

Of course, there are risks for both companies. Both, for instance, are subject to regular regulatory scrutiny. And both companies are highly dependent on advertising revenue, which is, in turn, heavily reliant on the macroeconomic environment. Further, both tech companies are subject to potential disruption. Overall, though, I think Meta's cheaper valuation does a better job of pricing in the risks it faces.

An improving housing market could drive a turnaround in RH stock.

RH (RH +0.63%), like the rest of the home improvement and home furnishings sector, has struggled in recent years.

The stock formerly known as Restoration Hardware soared during the pandemic, but as mortgage rates and inflation spiked in the post-pandemic era, the business cooled off. Since then, President Trump's tariffs have put pressure on the business, and the company has moved nearly all of its production out of China.

As you can see from the chart below, the stock is still down 69% from its peak in 2021, and the rally in late 2024 faded after Trump's tariff regime came into a play.

Given those challenges, RH might seem like an odd pick for a stock that can 10x, but it has the components to get there if the housing market cooperates, as the stock has shown explosive potential in the past. In fact, even after the post-pandemic pullback, RH is still up more than 600% from its 2012 IPO and it was up more than 2,000% at one point, meaning it's already delivered 10x returns to early investors.

Keep reading to see why RH can get there again.

Image source: RH.

Growth in the face of adversity At a time when growth in the home furnishings sector has been essentially flat due to the sluggish housing market, RH is still delivering solid growth and profits. Revenue increased 9% to $884 million in its third quarter and it reported an adjusted operating margin of 11.6% despite pressure from tariffs and what the company called the worst housing market in nearly 50 years.

The company hasn't been sitting still either. It's launched its brand in Europe and is expanding across the continent with galleries, as it calls its lavish stores, in locales like Paris, London, and Milan, greatly increasing the company's addressable market. It's also dabbling in new lines of luxury business like hotels and restaurants, as well as charter plane and yacht rentals.

RH has a lot of ways to grow, and the housing market is starting to show signs of a recovery with mortgage rates easing. It wouldn't be surprising to see revenue growth return to better than 20% and its profit margin improve in a better macro environment.

Management is underrated RH CEO Gary Friedman might be considered eccentric, and his shareholder letters don't lack for hyperbole. However, he's proven his mettle over the history of RH and has also proven the doubters wrong before.

In 2016, RH pivoted to a membership model, charging customers an annual fee, now $200, that would get them a discount on merchandise. The move seemed to backfire at first, and the stock plunged. However, customers adjusted to it, and it proved to be a savvy move, locking customers into the brand and creating an incentive to shop there. As sales improved, the stock soared.

Friedman and his management team have also deployed share buybacks wisely, which is often a challenge for publicly traded companies. In 2017, the company repurchased roughly 50% of its shares outstanding when the stock was trading at a discount, and in 2023, it repurchased roughly a quarter of the shares outstanding with the stock down after the pandemic.

That should help set the company up for a recovery and boost earnings per share over the long term.

Today's Change

(

0.63

%) $

1.45

Current Price

$

230.78

The path to 10x RH currently has a market cap of $4.3 billion, meaning it would have to grow to roughly $43 billion to be a ten-bagger, or less with the help of share buybacks.

Even with a premium price-to-earnings ratio, the company would need to reach roughly $1 billion in net income from less than $4 billion in annual revenue currently to get there.

It will take time to get there, but RH could achieve $1 billion in net income on a base of $8 billion in revenue or less, as its luxury business model is built to generate high margins. Its generally accepted accounting principles (GAAP) profit margin approached 20% at one point, and it could get back there with the help of a healthy housing market.

It won't happen overnight, but keep an eye on RH over the next five to ten years. If the company can double its revenue and expand its profit margin back to the high teens, the path to a 10x return is there.

HONG KONG, Jan. 23, 2026 (GLOBE NEWSWIRE) -- CoinEx has been recognized by International Business Magazine with one of the highest honors in the cryptocurrency exchange sector, receiving the title “Best Global Cryptocurrency Exchange 2025.” The award is based on a comprehensive evaluation of platform stability, trading efficiency, liquidity performance, product reliability, and overall user experience, reflecting strong industry recognition of CoinEx’s long-term, steady development. Following its recognition in 2024, this marks CoinEx’s second consecutive win of the award, further underscoring its consistent performance and sustained commitment to excellence. The accolade comes as CoinEx marks its 8th anniversary, making the recognition particularly meaningful.

Founded in 2017, CoinEx has advanced its global presence through a low-profile, pragmatic operating approach, prioritizing infrastructure, security, and product reliability over short-term visibility. Today, the platform serves more than 10 million users across over 200 countries and regions, supporting 18 language markets and maintaining a stable global user and community base.

As part of the ViaBTC ecosystem, CoinEx is backed by mature blockchain infrastructure and strong technical capabilities. This foundation has enabled the platform to maintain system stability, enhance security architecture, and continue investing in long-term development across multiple market cycles.

According to International Business Magazine, CoinEx stands out for achieving a balance between ease of use and professional functionality. The platform offers a clear and intuitive interface for new users while providing advanced tools and features that meet the needs of experienced traders.

Shashank M, CEO of International Business Magazine, expressed his congratulations, stating:“CoinEx has stayed committed to delivering a user-centric, transparent, and sustainably growing platform for ten million users worldwide. CoinEx’s persistent efforts in strengthening user capabilities through education and professional support reinforce its role as an industry leader. These factors were critical in CoinEx being selected as the winner of this prestigious award.”

CoinEx currently supports 1,000+ digital assets and 1,500+ trading pairs, supported by consistent market liquidity. The platform operates on a high-performance matching engine and integrates layered security mechanisms, offline asset storage, and a dedicated user protection fund. CoinEx is also among the earlier exchanges to introduce Merkle Tree-based Proof of Reserves, publishing regular data to allow users to independently verify asset holdings and strengthen transparency.

Beyond core trading services, CoinEx continues to expand its ecosystem with products including strategic trading tools, staking, lending, P2P trading, payment services, and on-chain products. Its native token, CET, plays a central role within the ecosystem and is supported by a long-term buyback-and-burn mechanism designed to promote sustainable development.

Alongside its business operations, CoinEx extends its technological capabilities into social impact initiatives through CoinEx Charity. The organization has implemented projects across Asia, Africa, and other regions, focusing on digital education, connectivity, and community support. These initiatives are positioned as long-term commitments, reinforcing CoinEx’s role as a responsible participant in the global digital economy.

As CoinEx enters its ninth year, the platform views this award not as a conclusion, but as a milestone along an ongoing journey. Looking ahead, CoinEx will continue to focus on user-first principles, transparent operations, and sustainable growth, steadily enhancing its products and services while maintaining a long-term perspective in an evolving industry.

About CoinEx

Established in 2017, CoinEx is an award-winning cryptocurrency exchange designed with users in mind. Since its launch by the industry-leading mining pool ViaBTC, the platform has been one of the earliest crypto exchanges to release proof-of-reserves to protect 100% of user assets. CoinEx provides over 1400 coins, supported by professional-grade features and services, for its 10+ million users across 200+ countries and regions. CoinEx is also home to its native token, CET, incentivizing user activities while empowering its ecosystem.

To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram  | YouTube

Contact: 
CoinEx 
[email protected]

Disclaimer: This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. The information is shared for general informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate. Speculate only with funds that you can afford to lose.The media platform and publisher assume no responsibility for any losses or claims arising from reliance on this content. GlobeNewswire does not endorse any content on this page.

Legal Disclaimer: This article is provided on an “as-is” basis, without warranties or representations of any kind, express or implied. The media platform assumes no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information presented. Any complaints, claims, or copyright concerns related to this article should be directed to the content provider mentioned above.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b303d5c6-d09a-4fdb-82dd-074fba84932e

https://www.globenewswire.com/NewsRoom/AttachmentNg/9a4a821e-e267-411a-acaf-8e17a0aa4078

https://www.globenewswire.com/NewsRoom/AttachmentNg/ee87c0ce-83cb-4a70-b809-421bfae4553b

https://www.globenewswire.com/NewsRoom/AttachmentNg/1fd475c5-ce1a-4112-a03b-ec16c80b90bb

Constellation Energy has plummeted 14% in January so far.

Constellation Energy's (CEG 2.38%) stock is off to a rough start in January. As of market close on Jan. 16, the power company had dropped to $307. This is more than $100 below its 52-week high, which the stock reached in October 2025. Should investors purchase Constellation Energy while it's below $310? Let's dive in deeper.

Today's Change

(

-2.38

%) $

-7.02

Current Price

$

287.35

A volatile ride for investors This stock may have gotten ahead of itself toward the end of last year. The surge in Constellation Energy's price was mainly due to hype surrounding the artificial intelligence (AI) boom and its insatiable appetite for power. Investors got excited, and the price skyrocketed.

Image source: Getty Images.

The volatility of Constellation stock lately is akin to that of a tech company and unlike the steadiness of a traditional utility business. In the past year, the stock has swung wildly, ranging from a low of $161 to over $400. Income investors, who generally invest in utilities for stability, may not have bargained for this wild a ride.

Still, the stock's dividend has steadily increased each year for the past few years. In 2025, the annual dividend reached $1.55 per share. This is a modest yield of about 0.5%. I would anticipate the dividend will continue to increase so long as Constellation can capitalize on expanding power needs in the U.S., Canada, and the U.K., where it operates.

Constellation also just completed the acquisition of Calpine Corporation on Jan. 7. According to the company, this is expected to add about $2 billion of annual free cash flow. Over the long term, this should help the company satisfy income investors who want to see strong cash positions and low debt. Constellation, impressively, currently carries no debt on its balance sheet.

The company has a few other tailwinds in the form of electricity demand from AI and data centers, as well as broader electrification needs. AI leaders like Jensen Huang have given nuclear a nod as a necessary part of the AI revolution. This is great news for Constellation, which operates the largest U.S. nuclear fleet.

Constellation is still slightly expensive The forward price-to-earnings (P/E) ratio is high compared to other utility companies. The stock's forward P/E is 27 as of Jan. 20, whereas NextEra Energy stands at 21 and Vistra at a low 17. Constellation's earnings per share, though, are the highest of the group.

Constellation's stock is expensive relative to its broader energy peers and pays only a modest dividend at the moment. I still think the current price in the low $300s is too high to buy. If the stock continues to drop into the mid-$200s, it would warrant a second look.

Catie Hogan has positions in NextEra Energy. The Motley Fool has positions in and recommends Constellation Energy and NextEra Energy. The Motley Fool has a disclosure policy.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of HENKY 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.

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment. Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks I write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

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.

, /PRNewswire/ -- Truecaller today announces its preliminary and unaudited financial results for the fourth quarter of 2025. The reason for this is to follow up on the announcement made in mid-December where the company gave an estimate for the ad revenue development during the fourth quarter, and to be transparent about recent developments. The year-end report will be published as planned on Tuesday the 17th of February 2026 and will as usual be followed by a webcast.

Ad revenues are expected to amount to SEK 255.2 million (372) which is a decrease of 22% in constant currencies. Recurring revenues are expected to amount to 193.7 million (149.6) which is an increase of 51%, where Premium revenues are expected to amount to SEK 106.0 million (77.7) which is an increase of 53% in constant currencies compared to the same period in 2024. Revenues from Truecaller for Business are expected to amount to SEK 87.7 million (71.9), an increase of 48% in constant currencies compared to the same period in 2024. Total net sales for the fourth quarter 2025  is expected to amount to SEK 451 million (523) which is a decrease of 1% in constant currencies compared to the same period last year.

EBITDA is expected to amount to SEK 103 million (201) which is a decrease of approximately 34% in constant currencies. The preliminary EBITDA-margin is 22.8% (38.5%) and the EBITDA-margin excluding incentive costs is expected to be 35.4% (44.3%).

Average non-iOS MAU was 454.2 million in the fourth quarter which is an increase of 54.5 million users compared to the same period last year and a growth of 12.5 million users during the fourth quarter.

The preliminary quarterly numbers include items affecting comparability and certain items of a one-off nature. When adjusting for these items, which are described in more detail below, net sales decreased by 8%, EBITDA by 22%, ad revenues by 30% and recurring revenues grew by 46% in constant currencies. The gross margin excluding these items would have been 75.6% and the EBITDA-margin would have been approximately 30%.

SHORT COMMENT FROM THE CEO

"This preliminary update of the fourth quarter is in continuation with the update we gave to the market mid-December. While we continue to focus on our revamped ads strategy, more and more people as well as businesses continue to see significant value in using Truecaller in their daily lives. This is evident from our MAU growth numbers, and our recurring revenue growth numbers. 

The issue that we have with our largest demand partner is at status quo. We have been able to reduce the incidence of the algorithm change to minimal levels, but the issue isn't resolved as yet. We continue to work closely with the partner, constantly gaining insights into the issue and running tests to bring their revenues back to earlier levels and in parallel we are diligently working on executing on the long-term strategy on ads which includes reducing dependency on any specific partners or market, increasing focus on direct sales and reseller partnerships.

Given the challenges within ad monetization, we took multiple cost efficiency initiatives during the fourth quarter / early 2026, to continue to deliver solid profitability even in this period of transition. These initiatives had some impact during the fourth quarter but will gradually become more visible during the rest of 2026. We expect the annualised effect of the initiatives to be approximately SEK 90 million once the cost reductions have taken full effect.

Premium subscriptions continued to develop very well during the fourth quarter. The number of subscribers grew by approximately 39% and the conversion rate increased to 0.75% (0.62%). Growth continued to be strong on iOS, and on Android the subscriber growth during the fourth quarter was at an all-time high level.

Truecaller for Business continues to deliver solid growth in local currencies, with positive contributions from all three areas Verified Business, Business Messaging and risk products. Growth continues in both India and outside of India with the fastest growth being outside of India in regions like Latin America and the Middle East.

We will continue our transition away from a primarily ads-driven revenue model that has characterized the first phase in our monetization journey. We are now well into a second phase, with a more balanced distribution based on both consumer and enterprise products within fraud prevention and safe mobile communication. This is evident in our consistent focus and consistent growth in our recurring revenues.

Our cash flow generation and our cash position continues to be healthy and at year-end we had approximately 1bn SEK in cash and short-term interest bearing investments. This is equivalent to the level held in 25Q3 although larger buybacks during the quarter. The strong position continues to allow for flexibility in terms of capital allocation going forward as well."

Rishit Jhunjhunwala

CEO Truecaller

Preliminary results for October-December 2025 (Q4)

SEKm

Q4 2025

Q4 2024

Y/Y %

Y/Y % in constant currency

Ad revenues

255.2

372

-31 %

-22 %

Premium revenues

106.0

77.7

+36 %

+53 %

Truecaller for business revenues

87.7

71.9

+22 %

+48 %

Other net sales

2.0

1.2

+61 %

Net sales

450.9

522.8

-14 %

-1 %

Other revenues

11.5

5.7

+102 %

Total revenues

462.4

528.5

-13 %

Cost of goods sold

-129.7

-119.7

+8 %

Gross profit

321.2

403.0

-20 %

-8 %

Gross margin

71.2 %

77.1 %

Staff costs excl. incentives

-93.9

-89.9

+4 %

Incentive costs

-56.5

-30.3

+87 %

Other expenses

-79.3

-87.5

-9 %

EBITDA and margin

103 / 22.8%

201 /38.5%

-49 %

-34 %

EBITDA and margin excl. Incentive costs

159.5 /35.4%

231.4/44.3%

Profit after net financial items

93.8

202.6

-54 %

Net profit

60.4

150.4

-60 %

Average MAU, non-iOS, millions

454.2

399.7

+14 %

Average DAU, non-iOS, millions

393.3

341.4

+15 %

Items affecting comparability or items of a one-off nature

The preliminary results include an adjustment regarding commissions to some smaller advertising partners. Revenue from these advertising partners have previously been recorded net of commissions, but it has now become possible to quantify these commissions accurately, such that revenue can be recorded gross, with the commissions being recorded as cost of goods sold. This is in accordance with Truecaller's accounting principles, as stated in the annual report. The adjustment for the full year 2025 increases both ads revenue and costs of goods sold by approximately SEK 28 million. There is no impact on gross profit, EBITDA, or cash flow.

Within Truecaller for Business, revenues of a one-off character of approximately SEK 7 million was recorded in the fourth quarter. This was due to the reversal of deferred credit to a partner in 2024, and does not reflect the revenue development in 2025 or going forward.

As announced in December, the fourth quarter numbers include an additional cost of approximately SEK 30 million for incentive programs. This is due to the performance criteria for the incentive program LTIP 2022 being met for 2025, which increases the total cost of that program vs previous forecasts. Those previous forecasts were based on an assumption that the performance criteria may not be fully met. The total cost increase from the start of the program has to be recorded in 25Q4, negatively impacting EBITDA, but with no impact on cash flow. Going forward, the board of directors intends to focus on incentive structures with no or little impact on the company's income statement.

Financial overview of items affecting comparability

SEKm

Reported
numbers

Gross/Net
accounting ad partners

Revenue of
one-off character
Truecaller for
Business

Adjusted
incentive costs
LTIP 2022

Total effect

Adjusted
numbers Q4
2025

Ad revenues

255.2

-28

0

0

-28

227.2

Truecaller for Business revenue

87.7

0

-7

0

-7

80.7

Net sales

450.9

-28

-7

0

-35

415.9

Cost of goods sold

-129.7

+28

0

0

+28

-101.7

Gross profit

321.2

0

-7

0

-7

314.2

Incentive costs

-56.5

0

0

+30

+30

-26.5

EBITDA

103

0

-7

+30

+23

126

Cash flow impact

0

0

0

0

Gross margin

71.2 %

75.6 %

EBITDA-margin

22.8 %

30.3 %

Preliminary Nature of the Information

The financial information included in this press release is preliminary and unaudited. The final audited financial statements for 2025 are expected to be published on the 17th of February 2026. Differences between the preliminary figures and the final audited results may arise. The financial information included in this press release is preliminary and unaudited. The final audited financial statements for 2025 are expected to be published on the 17th of February 2026. Differences between the preliminary figures and the final audited results may arise.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
[email protected]

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-01-23 06:30 CET.

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-announces-preliminary-numbers-for-the-fourth-quarter-2025,c4296602

The following files are available for download:

SOURCE Truecaller AB

Sanofi's amlitelimab confirms its potential in atopic dermatitis

In the SHORE phase 3 study, amlitelimab in combination with topical therapies met all primary and key secondary endpoints at Week 24 with efficacy progressively increasing throughout the treatment period with some patients improving as early as Week 2In the COAST 2 phase 3 study, amlitelimab demonstrated statistically significant efficacy on vIGA-AD 0/1, the primary endpoint as assessed for the US and US reference countries, and confirmed COAST 1 potential for Q12W dosing from the start; amlitelimab did not achieve statistical significance for the co-primary endpoints as assessed for the EU and EU reference countriesBased on the totality of data, Sanofi will move forward with global regulatory submissions for amlitelimabA preliminary analysis of the ATLANTIS phase 2 study showed continued and progressive improvements with no evidence of plateau through Week 52, demonstrating the potential of OX40-ligand as an important new mechanism in AD Paris, January 23, 2026. Following the positive COAST 1 (clinical study identifier: NCT06130566) results in September 2025, two additional global phase 3 studies – SHORE (clinical study identifier: NCT06224348) and COAST 2 (clinical study identifier: NCT06181435) – of amlitelimab, a fully human non-T cell depleting monoclonal antibody that selectively targets OX40-ligand (OX40L), today delivered a robust body of evidence that supports amlitelimab’s potential in the treatment of patients 12 years and older with moderate-to-severe atopic dermatitis (AD). In these two phase 3 studies amlitelimab was well-tolerated and the safety profile was consistent with previously reported data.

"Importantly, these results validate amlitelimab’s novel mechanism of action to block OX40-ligand without T-cell depletion and its promise to normalize the immune system over time," said Houman Ashrafian, Executive Vice President, Head of Research & Development at Sanofi. "The totality of data seen to date reinforce our confidence in amlitelimab’s potential to deliver both Q12W dosing from the start and progressive efficacy through Week 52. We look forward to sharing additional results, including longer-term data, as we move toward global regulatory submissions.”

For both SHORE and COAST 2 phase 3 studies, key endpoints were measured at Week 24 in patients aged 12 years and older with moderate-to-severe AD who received amlitelimab either every four weeks (Q4W) or every 12 weeks (Q12W). For US and US reference countries, the single primary endpoint was the proportion of patients with a validated investigator global assessment scale for AD (vIGA-AD) of 0 (clear) or 1 (almost clear) and a reduction from baseline score of ≥2 points, analyzed using non-responder imputation (US estimand). For the EU, EU reference countries and Japan, the co-primary endpoints comprised the proportion of patients with vIGA-AD 0/1 and a reduction from baseline score of ≥2 points along with the proportion of patients reaching a 75% or greater improvement in the eczema area and severity index total score (EASI-75), both analyzed using treatment policy (EU estimand).

SHORE study
In the SHORE study, amlitelimab, dosed either Q4W or Q12W in conjunction with medium-potency background topical corticosteroids (TCS) with or without topical calcineurin inhibitors (TCI), met all primary and key secondary endpoints compared to placebo plus TCS with or without TCI at Week 24, across both US and EU estimands.

SHORE primary endpointsKey endpoints
Proportion of patientsNon-responder imputation*+
(US estimand)Treatment policy**+
(EU estimand) Q4WQ12WPlaceboQ4WQ12WPlacebovIGA-AD 0/128.7%
p-value (p)
p≤0.0132.3%
p ≤0.0116.8%29.9%
p≤0.0132.9%
p≤0.0116.8%EASI-7548.1%
p≤0.0146.8%
p≤0.02532.3%50.9%
p≤0.00148.1%
p≤0.02534.2% * Non-responder imputation (NRI): patients with rescue or prohibited medication use before Week 24 or with missing efficacy assessments at Week 24 are classified as non-responders.
** Treatment policy: all data are included regardless of rescue medication use prior to Week 24. Patients with prohibited medication use before Week 24 or with missing efficacy assessments at Week 24 are classified as non-responders.
+ Statistical analyses followed a pre‑specified hierarchical testing procedure to control for multiplicity. For the pre-specified endpoints across the two doses, the statistical significance level was adjusted (alpha‑split) to two-sided p<0.025.

COAST 2 study
In the COAST 2 study, amlitelimab monotherapy dosed either Q4W or Q12W met the primary endpoint of the proportion of patients achieving vIGA-AD 0/1 and a reduction from baseline score of ≥2 points compared to placebo at Week 24, as assessed for the US and US reference countries. The key secondary endpoint of the proportion of patients who achieved vIGA-AD 0/1 with barely perceptible erythema (BPE), as assessed for the US and US reference countries, did not achieve statistical significance. For the EU and EU reference countries, amlitelimab dosed either Q4W or Q12W did not achieve statistical significance for the co-primary endpoints of proportion of patients achieving vIGA-AD 0/1 and EASI-75 compared to placebo. Therefore, in accordance with hierarchical statistical testing procedures, p-values presented below for additional secondary endpoints reflect nominal significance without adjustment for multiplicity.

COAST 2 primary endpointsKey endpoints
Proportion of patientsNon-responder imputation*+
(US estimand)Treatment policy**+
(EU estimand) Q4WQ12WPlaceboQ4WQ12WPlacebovIGA-AD 0/125.3%
p≤0.02525.7%
p≤0.02514.8%28.8%
p=0.03127.7%
p=0.06818.8%EASI-7541.8%
p≤0.001***40.5%
p≤0.01***24.2%49.7%
p≤0.001***45.9%
p≤0.01***30.2% * Non-responder imputation (NRI): patients with rescue or prohibited medication use before Week 24 or with missing efficacy assessments at Week 24 are classified as non-responders.
** Treatment policy: all data are included regardless of rescue medication use prior to Week 24. Patients with prohibited medication use before Week 24 or with missing efficacy assessments at Week 24 are classified as non-responders.
+ Statistical analyses followed a pre‑specified hierarchical testing procedure to control for multiplicity. For the pre-specified endpoints across the two doses, the statistical significance level was adjusted (alpha‑split) to two-sided p < 0.025. Nominal p-values <0.05 are also reported.
*** P-values are nominal without multiplicity adjustment.

The most common treatment-emergent adverse events (TEAEs) in SHORE (≥5% in any dose arm; pooled amlitelimab vs. placebo) were nasopharyngitis (9.5% vs 12.5%), upper respiratory tract infection (7.9% vs 4.4%), dermatitis atopic (2.7% vs 5.6%). Overall, rates of TEAEs, serious adverse events, and TEAEs resulting in treatment discontinuation were similar in the pooled amlitelimab arms and placebo arm.

The most common TEAEs in COAST 2 (≥5% in any dose arm; pooled amlitelimab vs. placebo) were nasopharyngitis (5.9% vs 7.4%), upper respiratory tract infection (4.8% vs 4.0%), dermatitis atopic (5.3% vs 2.7%). Overall, rates of TEAEs, serious adverse events, and TEAEs resulting in treatment discontinuation were similar in the pooled amlitelimab and placebo arms.

Preliminary analysis from ATLANTIS phase 2 open-label study
In addition, a preliminary analysis of the ongoing, open-label ATLANTIS phase 2 study (clinical study identifier: NCT05769777) indicated that amlitelimab dosed Q4W progressively improved skin clearance and disease severity beyond Week 24 to Week 52 in 591 patients aged 12 years and older with moderate-to-severe AD. In this preliminary analysis, amlitelimab was well-tolerated through Week 52.

ATLANTIS preliminary analysisKey endpointsProportion of patients Week 24Week 52vIGA-AD 0/1 
35.4%50.3%EASI-7562.9%76.5% Patients with missing data are classified as non-responders. Concomitant use of TCS with or without TCI is allowed as needed2. Short-term (<4 weeks) oral corticosteroids rescue therapy is permitted.

The most common TEAEs in this preliminary analysis of ATLANTIS (≥5%) were nasopharyngitis (19.1%), headache (10.3%), influenza (9.1%), dermatitis atopic (8.6%), upper respiratory tract infection (7.2%) and accidental overdose (5.1%, due to dose scheduling). Serious TEAEs and TEAEs resulting in treatment discontinuation at Week 52 were low, 4.7% and 2.9% respectively. In addition, an event of Kaposi’s sarcoma, determined to be cutaneous, was reported in a patient with known risk factors. The patient stopped amlitelimab and is in the recovery phase.

Results for COAST 1, COAST 2, SHORE, and this preliminary analysis of ATLANTIS will be presented at forthcoming medical congresses.

Two additional phase 3 studies, AQUA (clinical study identifier: NCT06241118) and ESTUARY (clinical study identifier: NCT06407934) are anticipated to report results in H2 2026. Global regulatory submissions are planned for H2 2026, unchanged.

Amlitelimab is currently in clinical development, and its safety and efficacy have not been evaluated by any regulatory authority.

About the SHORE study
SHORE was a randomized, double-blind, placebo-controlled, parallel-group, 3-arm, multinational, multicenter phase 3 study to evaluate the efficacy and safety of amlitelimab in combination TCS with or without TCI in 596 participants aged 12 years and older with moderate-to-severe AD. Key objectives include measuring the efficacy and safety of amlitelimab compared to placebo at Week 24 when used in combination with TCS/TCI. In the study, amlitelimab was administered at a dose of 250 mg (125 mg for those with body weight <40 kg) on either a Q4W or Q12W schedule following a loading dose of 500 mg (250 mg for those with body weight <40 kg). Patients were given medium-potency TCS/TCI, applied up to twice daily to treat active lesions, and were instructed to reduce the dose to three times weekly or discontinue use based on lesion control or clearance. The study included sites across the North America, EU, Argentina, Chile, Brazil, Turkey, Canada, China, and Japan.

About the COAST 2 study
COAST 2 was a randomized, double-blind, placebo-controlled, parallel-group, 3-arm, global, multicenter phase 3 study to evaluate the efficacy and safety of amlitelimab monotherapy in 547 adults and adolescents aged 12 years and older with moderate-to-severe AD. Key objectives included measuring the efficacy and safety of amlitelimab compared to placebo at Week 24. In the study, amlitelimab was administered at a dose of 250 mg (125 mg for those with body weight <40 kg) on either a Q4W or Q12W schedule following a loading dose of 500 mg (250 mg for those with body weight <40 kg). The study included sites across the US, EU, United Kingdom, Argentina, Chile, Mexico, South Africa, Turkey, China, and Japan.

About the ATLANTIS study
ATLANTIS is a phase 2 global, single-arm, open-label, long-term safety study of amlitelimab for the treatment of patients 12 years or older with moderate to severe atopic dermatitis (AD) with a duration of up to 268 weeks. In the study, patients received weight-based amlitelimab Q4W (250 mg [125 mg for those with body weight <40 kg] following a loading dose of 500 mg [250 mg for those with body weight <40 kg]). The primary outcome measures of the ATLANTIS study are the percentage of participants who experienced TEAEs and TESAEs from baseline. Efficacy outcome measures included the proportion of patients with a vIGA-AD 0/1 and the proportion of participants achieving EASI-75. The study has enrolled 963 patients to date and includes sites across North America, Latin America, EU, United Kingdom, Turkey, South Africa, India, Australia, South Korea, Taiwan, China, and Japan.

About amlitelimab
Amlitelimab (SAR445229, KY1005) is a fully human, non-T cell depleting monoclonal antibody that blocks the OX40L, a key immune regulator. With its novel mechanism of action, amlitelimab selectively blocks OX40L signaling during the inflammatory prequel, the initiating phase of an overactive immune system, to potentially normalize T-cell-mediated inflammation without T-cell depletion.

About Sanofi
Sanofi is an R&D driven, AI-powered biopharma company committed to improving people’s lives and delivering compelling growth. We apply our deep understanding of the immune system to invent medicines and vaccines that treat and protect millions of people around the world, with an innovative pipeline that could benefit millions more. Our team is guided by one purpose: we chase the miracles of science to improve people’s lives; this inspires us to drive progress and deliver positive impact for our people and the communities we serve, by addressing the most urgent healthcare, environmental, and societal challenges of our time.
Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY

Media Relations
Sandrine Guendoul | +33 6 25 09 14 25 | [email protected]
Evan Berland | +1 215 432 0234 | [email protected]
Léo Le Bourhis | +33 6 75 06 43 81 | [email protected]
Victor Rouault | +1 617 356 4751 | [email protected]
Timothy Gilbert | +1 516 521 2929 | [email protected]
Léa Ubaldi | +33 6 30 19 66 46 | [email protected]
Ekaterina Pesheva | +1 410 926 6780 | [email protected] 

Investor Relations
Thomas Kudsk Larsen | +44 7545 513 693 | [email protected]
Alizé Kaisserian | +33 6 47 04 12 11 | [email protected]
Keita Browne | +1 781 249 1766 | [email protected]
Nathalie Pham | +33 7 85 93 30 17 | [email protected]
Thibaud Châtelet | +33 6 80 80 89 90 | [email protected]
Yun Li | +33 6 84 00 90 72 | [email protected]

Sanofi forward-looking statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions, and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans” and similar expressions. Although Sanofi’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, the uncertainties inherent in research and development, future clinical data and analysis, including post marketing, decisions by regulatory authorities, such as the FDA or the EMA, regarding whether and when to approve any drug, device or biological application that may be filed for any such product candidates as well as their decisions regarding labelling and other matters that could affect the availability or commercial potential of such product candidates, the fact that product candidates if approved may not be commercially successful, the future approval and commercial success of therapeutic alternatives, Sanofi’s ability to benefit from external growth opportunities, to complete related transactions and/or obtain regulatory clearances, risks associated with intellectual property and any related pending or future litigation and the ultimate outcome of such litigation, trends in exchange rates and prevailing interest rates, volatile economic and market conditions, cost containment initiatives and subsequent changes thereto, and the impact that global crises may have on us, our customers, suppliers, vendors, and other business partners, and the financial condition of any one of them, as well as on our employees and on the global economy as a whole. The risks and uncertainties also include the uncertainties discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in Sanofi’s annual report on Form 20-F for the year ended December 31, 2024. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.

All trademarks mentioned in this press release are the property of the Sanofi group.

Press_Release

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOS 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.

Apple's lack of growth will allow others to catch up.

Apple (AAPL +0.24%) is the world's third-largest company, valued at $3.6 trillion. However, I think the next five years could see some other companies take over its high spot on the list, especially if it doesn't start growing at a faster rate. The four stocks I believe can pass Apple over the next five years are Microsoft (MSFT +1.53%), Amazon (AMZN +1.25%), Taiwan Semiconductor (TSM +0.32%), and Broadcom (AVGO 1.10%).

These stocks fall into two primary categories: big tech and chip makers. All four can pass Apple over the next four years, and I think they make for a far better investment than Apple.

Image source: Getty Images.

What's wrong with Apple? First, we need to tackle why Apple won't be a good investment in 2026 and beyond. It really boils down to one thing: When's the last time Apple launched something new or innovative that actually caught on? It has been a long time, and Apple is surviving on past performance rather than new business. This could open it up to losing market share to more innovative competitors. Apple's revenue is growing, but at a slower-than-market pace (10% year over year).

AAPL Revenue (Quarterly YoY Growth) data by YCharts.

Thanks to its aggressive stock buyback program, Apple delivers about 10% diluted earnings per share (EPS) growth each quarter, so that's the bar these companies will have to go up against to see if they can outperform Apple.

Microsoft and Amazon are within striking distance Microsoft has a $3.4 trillion market cap, and Amazon has a $2.5 trillion one. So, it won't take much for each company to rise past Apple, especially as it's growing slowly.

Microsoft has capitalized on the massive generative AI spending spree thanks to its cloud computing service, Azure. Azure has become a strong option to build AI applications on, as it offers several different generative AI models to choose from, including OpenAI's ChatGPT. Microsoft has a 27% ownership stake in OpenAI, so it will also benefit when it eventually goes public. Microsoft has consistently delivered mid- to high-double-digit EPS growth over the past few years, and this will easily be enough to propel Microsoft past Apple over the next five years.

Today's Change

(

1.53

%) $

6.81

Current Price

$

450.92

Amazon has a bit more work to do, but it's also growing at an incredibly fast pace. Revenue growth is the wrong way to assess Amazon's stock, as retail sales account for the majority of revenue, yet have poor margins. What investors should be focused on is how quickly its operating income is growing.

AMZN Operating Income (Quarterly YoY Growth) data by YCharts.

Although it slowed down in the third quarter, it should stay elevated as higher-margin divisions within Amazon are growing rapidly. This will allow Amazon's earnings to grow at a rapid pace and surpass Apple within five years.

AI spending is driving Broadcom and Taiwan Semiconductor higher Broadcom and Taiwan Semiconductor have a long road ahead of them. They are each less than half the size of Apple, so they essentially need to triple over the next five years to surpass Apple. That's a tall task, but given how much is expected to be spent on artificial intelligence (AI) computing, these two can do it.

Taiwan Semiconductor believes it will grow its revenue at a 25% compounded annual growth rate (CAGR) through 2029. If we extend that growth rate a few years, which is possible if AI demand proves to be insatiable, that indicates its revenue could triple over the next five years. It won't be easy, but if it does, TSMC can be a larger company than Apple five years later.

Today's Change

(

0.32

%) $

1.03

Current Price

$

327.15

Broadcom is in an even better space, as its custom AI accelerator chips are rapidly rising in popularity. For Q1, they expect 100% year-over-year growth for its custom AI chips, and that strength isn't expected to slow down anytime soon. Longer term, companies like Nvidia (NVDA +0.74%) have given projections that global data center capital expenditures (capex) will reach $3 trillion to $4 trillion by 2030, up from $600 billion in 2025. At the low end, that's a 38% CAGR.

We've already established that TSMC's 25% CAGR would be enough to surpass Apple, so if Broadcom can grow at the same rate as data center capex, it will easily surpass Apple over the next five years.

Keithen Drury has positions in Amazon, Broadcom, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

The sector looks overvalued, and retail investors have pumped prices higher.

2025 will go down as the year quantum computing stocks went mainstream.

The sector was virtually unheard of through much of 2024, but a milestone achievement by Google with its Willow quantum chip in December of that year set off a gold rush into the futuristic technology.

While Alphabet (GOOG +0.72%) (GOOGL +0.65%) didn't move much on the news, pure-play quantum computing stocks like IonQ (IONQ +2.07%), D-Wave Quantum (QBTS +5.34%), Rigetti Computing (RGTI +5.45%), and Quantum Computing Inc. (QUBT +3.09%) all soared in the aftermath of Google's update. The chart below shows the impact of that event and how the stocks have done since then.

IONQ data by YCharts

Through 2025, those stocks continued to attract attention and mostly soared after a pullback at the beginning of the year as some investors speculated that quantum computing could be the next big technology to go mainstream after artificial intelligence.

Quantum computing stocks are one of several speculative emerging technology sectors that have soared in the wake of the AI boom, even though they are only making nominal revenue. Those include electric vertical takeoff and landing (eVTOL) stocks like Archer Aviation and Joby Aviation, and small modular reactor nuclear energy stocks like Oklo and NuScale Power.

The speculative bets and sky-high valuations fueled by AI enthusiasm for the emerging technologies have the feel of a bubble, and offer one reason to avoid quantum computing stocks. However, there's a better and simpler reason, which is that most investors buying quantum computing stocks have little to no understanding of the highly complex technology.

Image source: Getty Images.

What is quantum computing? Quantum computing is based on the principles of quantum mechanics and uses quantum bits, or qubits, which can be formed in several ways, including by manipulating atoms or using extremely low temperatures.

Quantum computers are capable of solving problems much faster than classical computers, and the technology has the potential to lead to new discoveries in areas like pharmaceuticals and engineering. However, it's unclear how long it will take quantum computers to build the scale to be truly disruptive, if that happens.

Retail investors love quantum computing stocks It's easy to see why quantum computing stocks would appeal to retail or novice investors, and, in fact, they have at times behaved like meme stocks.

First, as you can see from the chart above, these stocks have already delivered eye-popping gains to anyone who owned them before Google's Willow announcement. That makes it easier to believe they will do so again.

Second, there are big promises and expectations around the technology over the longer term. For example, McKinsey said that by 2035, quantum computing could add $1.3 trillion in value to a group of industries (automotive, chemicals, financial services, and life sciences) poised to benefit from the technology.

Third, it's an appealing story, and it fits in the mold of AI, a disruptive technology that investors are currently watching unfold.

Quantum computing stocks have gotten popular enough with retail investors that two of them, D-Wave Quantum and Rigetti Computing, are now among Robinhood's top 100 most popular stocks, or the hundred most owned among its investor base, which skews toward millennials and Gen Z.

Retail interest isn't a bad thing on its own, but there's not much else propping up the valuations of these stocks, as their revenue is still minimal, and big tech companies like Google and Microsoft seem to have made more meaningful developments in quantum.

Today's Change

(

2.07

%) $

1.00

Current Price

$

49.33

Why retail interest looks like a red flag Stocks can go up whether or not you understand the business model or technology, but typically, the share price reflects a reasonable understanding of the business. Biotech stocks, for example, can be difficult for an untrained investor to understand, but the sector doesn't typically draw herds of newbie investors looking for the next blockbuster growth stock, meaning the price of biotech stocks is more likely to reflect the best understanding of scientists and trained investors who can evaluate the potential of these companies.

Scott Aaronson, a professor of computer science who is considered by some to be an expert on quantum computing and blogs frequently on the subject, has mostly dismissed the batch of quantum computing stocks above, saying the stock gains from IonQ and its peers are driven more by successful marketing than technological advances. Aaronson also claims that privately held Quantinuum, a direct competitor to IonQ, is well ahead of IonQ in its hardware development.

Aaronson's opinion may not be reflected in the stock of IonQ, but it's much more valuable than that of the meme stock investors who have piled into the stock.

Quantum stocks could remain fashionable among the growth stock investors that populate platforms like Robinhood, but speculation and FOMO, especially for a stock that's already been significantly inflated, is a poor reason to invest.

I'm much more comfortable waiting on the sidelines as the quantum computing fervor runs its course. The technology may eventually be disruptive, but based on recent results from these stocks, we're still years from anything close to that happening.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of OWL 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.