Blockonomi

TLDR
BBAI shares fell 5.10% to $2.3250 despite a new European security certification.
Pangiam earned ECAC approval alongside SureScan’s DETECT 1000 CT baggage scanner.
ECAC lists Pangiam among only two third-party approved APIDS software solutions.
The certification builds on Dutch approval secured by BigBear.ai in July 2026.
BigBear.ai plans additional tests with equipment makers and certification bodies.
BigBear.ai Holdings (BBAI) shares fell 5.10% to $2.3250 as the company announced a new European aviation security certification. Its Pangiam Threat Detection software met a screening standard alongside SureScan’s DETECT 1000 CT system. The milestone strengthened the platform’s credentials, although the stock remained under selling pressure.
BigBear.ai Holdings, Inc., BBAI
BigBear.ai Secures European Certification for Pangiam Threat Detection
BigBear.ai announced that Pangiam Threat Detection received certification from the European Civil Aviation Conference (ECAC). The approval covers its integration with SureScan Corporation’s DETECT 1000 CT baggage screening system. Moreover, the certification confirms compliance with the ECAC/EU Automated Prohibited Items Detection System (APIDS) Standard 1.
The certification places Pangiam among only two third-party software solutions on ECAC’s APIDS approval list. Aviation security authorities across 44 ECAC member states use the list when evaluating airport screening equipment. Consequently, the recognition expands the platform’s regulatory standing beyond its previous national approval.
BigBear.ai previously secured Dutch national approval for the same screening configuration in July 2026. However, that approval covered the Netherlands rather than the wider European aviation security framework. The latest certification establishes another regulatory milestone as the company pursues additional testing with equipment manufacturers.
Pangiam AI Platform Expands Airport Security Capabilities
Pangiam Threat Detection uses artificial intelligence to analyze three-dimensional CT scans of passenger cabin baggage. The system identifies potential prohibited items and alerts security officers during screening operations. Its near-real-time analysis supports faster assessments while maintaining human oversight of security decisions.
The platform also provides smart device interfaces that help airport personnel manage screening operations remotely. These tools support incident escalation, employee training, security audits, and operational supervision. Furthermore, its threat analytics help screening teams evaluate flagged items within established airport security procedures.
BigBear.ai has tested the platform extensively, including continuous deployment at a major European airport. The company has also integrated its software with modern CT screening equipment and airport security workflows. These deployments provide operational experience as BigBear.ai continues developing its aviation security technology.
BBAI Stock Declines Despite European Regulatory Milestone
Despite the certification announcement, BBAI shares remained under selling pressure during the trading session. The stock’s decline contrasted with the company’s progress in securing European aviation security recognition. However, the announcement provided no financial projections or confirmed revenue contributions from the certification.
The ECAC approval creates a broader regulatory reference for airports evaluating compatible automated baggage screening systems. Nevertheless, individual aviation authorities retain responsibility for equipment approval decisions within their jurisdictions. BigBear.ai plans further certification testing with additional regulatory bodies and screening equipment manufacturers.
The company’s aviation security operations form part of its wider defense and security technology business. Its latest milestone strengthens Pangiam’s technical credentials across European aviation screening markets. Meanwhile, BBAI stock’s decline highlights the gap between regulatory progress and the company’s immediate share price performance
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TLDR
Ondas secures a Digital Bat order to develop affordable tactical attack drones.
ONDS shares decline 7.45% even as the company advances its defense drone plans.
Planned ARAN deal would add 4,400 square meters of Israeli manufacturing space.
Airobotics will lead drone technology, while ARAN may support manufacturing.
Ondas targets capacity for thousands of drones as it expands precision strike.
Ondas Inc. secured a new purchase order for its Digital Bat tactical drone program, advancing its plans for larger production. Meanwhile, Ondas stock traded at $5.53, down 7.45%, despite the company’s announcement about expanding its autonomous defense operations. The contract covers development and production of affordable attack drones, while Ondas prepares additional manufacturing resources for future defense programs.
Ondas Holdings Inc., ONDS
Ondas Secures New Digital Bat Drone Purchase Order
Ondas announced the purchase order on November 10, marking another step in its previously awarded Digital Bat defense program. The program focuses on low-cost tactical attack drones that combine autonomous functions with capabilities for precision strike missions. The company plans to create dedicated production operations as demand grows for affordable unmanned systems across defense markets.
The latest order moves Digital Bat toward manufacturing, although Ondas did not disclose its value or delivery schedule. Ondas also identified potential demand for tens of thousands of affordable drones, but this figure represents its market assessment. For now, the confirmed development and production order provides a foundation for the company’s broader manufacturing expansion strategy.
The program forms part of Ondas’ Precision Strike business, one of four operating segments across its defense portfolio. Its other activities include aerial security, intelligence and surveillance systems, and autonomous ground vehicles for military and security applications. Together, these segments support the company’s objective of integrating unmanned platforms, software, sensors and manufacturing within one organization.
Planned ARAN Acquisition Supports Manufacturing Expansion
Ondas intends to combine its Airobotics technology business with the manufacturing infrastructure of ARAN Defense following its planned acquisition. The company announced the acquisition agreement in August 2026 and expects to complete the transaction during the fourth quarter. ARAN’s planned contribution to Digital Bat manufacturing depends on the transaction closing and the companies completing operational integration.
ARAN operates approximately 4,400 square meters of engineering and manufacturing facilities in Israel, offering substantial industrial capabilities. Its services include CNC machining, prototyping, electromechanical assembly, 3D printing, procurement, quality checks and supply-chain coordination for complex projects. Through these resources, Ondas aims to improve production efficiency and establish repeatable processes for manufacturing affordable autonomous defense systems.
Airobotics will oversee Digital Bat development, autonomous functions, mission software and the integration of its drone systems. After the acquisition closes, Ondas expects ARAN to contribute industrial engineering and manufacturing support across the expanding program. The combined operation aims to establish capacity for thousands of systems while supporting other projects within Ondas’ defense businesses.
Digital Bat Order Advances Ondas Defense Strategy
Ondas seeks to expand serial production as defense customers increase their focus on cost-effective and rapidly deployable autonomous aircraft. The company also plans to develop scalable facilities that can serve additional programs and international customers over time. These objectives extend beyond the current Digital Bat order, and the company has not announced completed production at that scale.
Ondas connected its expansion strategy with broader defense procurement efforts that emphasize large fleets of affordable drones. The company cited the United States Drone Dominance Program as an example of demand for lower-cost unmanned aircraft. Its approach combines artificial intelligence, mission software, physical platforms and engineering resources to support a wider range of operations.
The planned manufacturing structure could also serve Ondas’ aerial security, surveillance and autonomous ground vehicle operations after integration. Digital Bat offers an initial application for infrastructure that Ondas expects to use across several defense programs. The purchase order marks progress toward production, while the proposed ARAN acquisition remains a key step in expansion.
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TLDR
Alphabet (GOOGL) stock slipped 0.48% on Tuesday as Google released Gemini 4 Carbon to paying developers and businesses.
Intro pricing is $2 per million input tokens and $10 per million output tokens, rising to $4 and $20 on December 1.
Carbon checks its answers more, so it uses more tokens and can cost more than Argon at the same rate.
Google says Carbon ranked first on three AI coding and automation tests at less than half the next-best cost.
Wall Street rates GOOGL a Strong Buy with an average price target of $398.30.
Alphabet (GOOGL) stock slipped 0.48% on Tuesday as Google opened its strongest AI model to paying users. Gemini 4 Carbon is now available to developers and businesses.
The launch comes with a clock attached. Introductory pricing is $2 per million input tokens and $10 per million output tokens, and it ends after November 30.
Starting December 1, those rates rise to $4 and $20. Google has not said how much revenue it expects Carbon to bring in.
Gemini 4 Carbon is rolling out today. It’s built for sustained, long-horizon tasks, reasoning deeply through complex software engineering, cybersecurity, and scientific discovery.
Coming globally via the Gemini API in @GoogleAIStudio and Gemini for business, and for Ultra…
— Sundar Pichai (@sundarpichai) November 10, 2026
Carbon matches the launch pricing of Gemini 4 Argon, which stays Google’s pick for everyday coding and office work. Carbon is built for harder jobs with many steps, like hunting bugs in complex software or doing scientific research.
Why Carbon Can Cost More Than the Price Tag Says
The catch is in how it works. Carbon spends more time on tough problems and checks its own answers.
That takes more tokens, which are the units AI systems process. So a complex request could cost more on Carbon even at the same per-token price as Argon.
Google says Carbon ranked first on three AI coding and automation tests. It also finished those tasks at less than half the cost of the next-best rival, based on the company’s reported results.
Google also calls Carbon its strongest model for long-running agent work. That covers software engineering, full-stack web development and scientific reasoning.
Cybersecurity is part of the pitch. Wiz, Google’s security partner, used Carbon to find previously unknown software flaws at two major software providers in under two hours.
Early users also turned up zero-day vulnerabilities in a short span, according to the company.
Developers get another tool alongside it. Google is testing a feature called Swarm in its Antigravity platform, which lets one instruction go out to several AI agents at once.
One agent might write code while another checks it for mistakes.
Cloud Numbers and Wall Street’s View
Google Cloud revenue rose 103% last quarter to $30.7 billion. Operating profit more than tripled to $11.1 billion.
The unit ended the quarter with $561 billion in contracted future revenue, though that includes services beyond AI models.
Analysts rate GOOGL a Strong Buy, based on 30 Buys and four Holds over the past three months. The average price target of $398.30 implies 38.7% upside.
Carbon is available in Google AI Studio and Android Studio on the paid API tier, and in Gemini for business. Google AI Ultra subscribers can try it in AI Studio and Antigravity, and the higher pricing starts December 1.
The post Alphabet (GOOGL) Stock: Gemini 4 Carbon Launches With Prices Set to Double in December appeared first on Blockonomi.

TLDR
Bitdeer posted record Q3 revenue of $320.7 million, up 89% and above estimates of $251.11 million.
The per-share loss was $0.46, wider than the $0.37 analysts expected.
Net loss grew to $125.5 million from $30.1 million, as cost of revenue jumped to $309.9 million.
The miner mined 3,855 BTC but held only 47 BTC at the end of September.
The AI Cloud backlog reached about $2.9 billion, and the Tydal site in Norway is on track for Q4.
Bitdeer (BTDR) stock closed Monday at $6.61, up 9.9%, ahead of its third-quarter report. Tuesday’s trading was choppier.
Premarket moves were mixed, with one report showing a 1.5% gain and another a 2.7% drop. Later in the day, the stock was down about 7%.
The report showed record revenue of $320.7 million, up 89% from $169.7 million a year earlier. Analysts had expected $251.11 million.
BITDEER $BTDR Q3’26 EARNINGS HIGHLIGHTS
Revenue: $320.7M (Est. $256M) ; +89% YoY
EPS: -$0.46 (Est. -$0.34)
Adj. EBITDA: $69.6M; +173% YoY
Announcements:
AI Cloud Backlog: ~$2.9B; ~332 IT MW secured
Tydal: $4.7B 16-year AI/HPC lease; 121 IT MW; ~$8.0B… pic.twitter.com/x7rDcZqmcT
— Wall St Engine (@wallstengine) November 10, 2026
The bottom line was not as kind. Bitdeer lost $0.46 per share, wider than the $0.37 loss analysts expected.
Where the Bitcoin Went
Bitdeer mined 3,855 BTC in the quarter, up from 1,109 Bitcoin a year earlier. Its proprietary hashrate rose to 86.4 EH/s from 35 EH/s.
Yet the miner held just 47 BTC on Sept. 30. A year earlier, it held 2,029 BTC.
Bitdeer took in $221.5 million from selling digital assets in the quarter, mostly mined bitcoin. In short, it sold much of what it dug up.
It ended September with $43.2 million in digital assets. It also had $343.8 million in digital-asset receivables from a related party, for a combined $387 million.
Cash and cash equivalents stood at $213.7 million.
Costs Outran Sales
Cost of revenue jumped to $309.9 million from $130.0 million, mainly on higher electricity costs and depreciation. Gross profit fell to $10.8 million from $39.7 million.
Net loss widened to $125.5 million from $30.1 million. A non-cash $54.6 million charge tied to a digital-asset loan was part of that.
Adjusted EBITDA still climbed 173% to $69.6 million from $25.5 million. Self-mining revenue rose to $217.5 million from $130.9 million.
Co-mining added $59.9 million. AI Cloud revenue rose to $20.4 million from $1.8 million.
The AI Cloud backlog reached about $2.9 billion, with roughly 332 IT megawatts of capacity secured. CFO Michael G. Potter said the company is “converting AI demand into long-duration contracts.”
He added that customer prepayments and project-level financing are meant to fund AI capacity as it is contracted. Construction at the Tydal site in Norway remains on schedule for energisation in the fourth quarter of 2026.
BTDR was down about 7% on Tuesday, while bitcoin slipped about 2%.
The post Why Bitdeer (BTDR) Stock Fell Even After Revenue Beat by $70 Million appeared first on Blockonomi.

TLDR
Zeta Global (ZETA) stock rose about 7% on Tuesday after Q3 results.
Revenue hit $492.7 million, up 46% from a year ago.
The company raised its 2026 outlook for revenue, adjusted EBITDA, free cash flow and GAAP EPS.
Super-scaled customers rose 18% to 212.
KeyBanc kept its $38 target, while Needham and Truist sit at $40.
Zeta Global (ZETA) stock jumped about 7% on Tuesday. The move came a day after the company posted third-quarter results that beat expectations.
That is a quick turnaround. The stock slipped about 3% in after-hours trading on Monday, even after gaining 4% in the regular session.
Zeta reported revenue of $492.7 million, up 46% from a year ago. Adjusted earnings came in at $0.38 per share.
$ZETA GLOBAL Q3’26 EARNINGS HIGHLIGHTS
Revenue: $492.7M (Est. $474M) ; +46% YoY
GAAP EPS: $0.14
Adj. EBITDA: $121.0M (Est. $116M) ; +140 bps margin YoY
FCF: $81.5M (Est. $68.3M) ; +73% YoY
Customers & Assets:
Super-Scaled Customers: 212; +18% YoY
… pic.twitter.com/RBqNzaRH4e
— Wall St Engine (@wallstengine) November 9, 2026
Growth excluding Marigold and political candidate revenue was 30%. That is up from 28% in the prior quarter.
GAAP net income was $38.3 million, compared with a loss of $3.6 million a year earlier. Adjusted EBITDA was $121.0 million, a 24.6% margin.
Cash Flow and a Higher Outlook
Operating cash flow was $91.3 million, and free cash flow was $81.5 million. KeyBanc noted that free cash flow growth of 73% outpaced revenue growth.
Zeta raised its 2026 outlook for revenue, adjusted EBITDA, free cash flow and GAAP EPS. Revenue is now expected between $1.853 billion and $1.857 billion.
GAAP EPS guidance is now $0.22 to $0.24. It was the company’s 21st straight “beat and raise” quarter.
Management also gave early guidance for fiscal 2027. It sees organic growth of 20% to 21% excluding political revenue, which Needham called modestly ahead of consensus.
The company says it is nearing some fiscal 2028 targets. It also says it is ahead of schedule on its fiscal 2030 goals.
The Big Customers Lead the Way
Super-scaled customers rose 18% to 212. Their average revenue per user climbed 22% to $2.0 million.
Both figures sped up from the prior quarter and sit ahead of the company’s 2028 model. Zeta credits more adoption and use of Athena.
Zeta also pointed to early traction from its Palantir partnership and strong interest in AthenaOS. A sales pipeline from its Live event looks much bigger than last year.
Needham kept its Buy rating and $40 target. Analyst Scott Berg said the 4.6% revenue beat falls within Zeta’s usual range and points to steady demand.
Truist also lifted its target to $40 with a Buy rating. The stock has gained 89% over the past six months.
On Tuesday, KeyBanc reiterated its Overweight rating and $38 target. The firm said the first pilot tied to the Palantir partnership has become a customer expected to reach super-scaled status in November.
The post Zeta Global (ZETA) Stock Snaps Back 7% as Analysts Applaud 21st Straight Quarterly Beat appeared first on Blockonomi.

TLDR
Lucid Group (LCID) stock rose 12% through 10 a.m. ET Tuesday, its third straight gain, and traded at $3.89 by 11:23 a.m. ET.
Q3 loss was $2.30 per share versus a $2.27 consensus, on $350 million in revenue versus about $396 million expected.
Cash burn fell 30% from the prior quarter, and cash ended Q3 above $930 million.
Lucid burned more than $1 billion last quarter and nearly $4 billion year to date.
MarketBeat lists an average analyst rating of “Reduce” and a consensus target of $8.67.
Lucid Group (LCID) stock climbed 12% through 10 a.m. ET on Tuesday, its third straight day of gains. By 11:23 a.m. ET it traded at $3.89, up 8.06% on the day.
The rally followed a third-quarter miss. The loss came in at $2.30 per share, wider than the $2.27 analysts expected.
Revenue was $350 million, short of the roughly $396 million forecast. Production fell 24% after Lucid cut a factory shift, and deliveries also came in below expectations.
LUCID $LCID Q3’26 EARNINGS HIGHLIGHTS
Revenue: $350M (Est. $407M) ; +4% YoY
Adj. EPS: -$2.30 (Est. -$2.28)
GAAP EPS: -$2.74
Adj. EBITDA: -$726.3M (Est. -$613M)
Announcements:
Autonomy & Robotaxi: 100+ vehicles on the road
Bolt: Initial goal of 25,000+… pic.twitter.com/choUqkw9Yl
— Wall St Engine (@wallstengine) November 9, 2026
The stock moved between $3.55 and $4.20 on Tuesday. Volume hit 15.1 million, above the 11.1 million average.
Monday was a green day too. The stock rose 9.4% to $3.60 from a $3.29 close, on volume 39% above average.
Why Traders Looked Past the Miss
Cash burn fell 30% from the prior quarter. That seems to be what caught the market’s eye.
CEO Silvio Napoli said the turnaround “is beginning to show progress.” He added that Lucid is taking “decisive actions to align our manufacturing capacity with demand, reduce inventory and lower operating expenses.”
Lucid also lined up $1.75 billion in new funding. MarketBeat describes it as a bigger loan from Saudi Arabia’s Public Investment Fund, the largest holder, while Motley Fool describes it as a stock sale.
Lucid ended the quarter with cash above $930 million. Total liquidity, which includes borrowing room, sits near $2 billion.
The Runway Math
Lucid still burned more than $1 billion in cash last quarter. Year to date, the burn is nearly $4 billion.
At that pace, cash on hand lasts a bit less than one more quarter. Counting borrowing room, Motley Fool’s Rich Smith figures the lights could stay on for about two quarters.
Smith is not a fan of the rally. He wrote that he “wouldn’t touch this stock with a proverbial 10-foot pole.”
The stock trades well below its longer-term trend. Its 50-day moving average is $3.86, while the 200-day is $6.73.
The 52-week range runs from $2.37 to $17.40. The stock is down about 79% over the past year, and it fell 25% in October.
Wall Street remains cautious. MarketBeat counts one Buy, nine Hold and three Sell ratings, with an average rating of “Reduce” and a $8.67 consensus target.
Recent target cuts came from Royal Bank of Canada, from $7 to $4, and Morgan Stanley, from $5 to $3 with an underweight rating. Citigroup trimmed its target from $14 to $11 and kept a Buy.
Lucid’s market cap is about $1.42 billion. Institutions own 75.17% of the stock.
At 11:23 a.m. ET Tuesday, Lucid traded at $3.89, just above its 50-day average.
The post Why Is Lucid (LCID) Stock Rallying After a Q3 Earnings Miss? appeared first on Blockonomi.

TLDR
AAON stock rose about 23% to near $77 on Tuesday after its Q3 report.
Adjusted EPS was 83 cents against 57 cents expected, on record revenue of $707.4 million.
BASX data center cooling sales surged 218% to $397.2 million.
AAON lifted its 2026 sales forecast to $2.48 billion-$2.524 billion.
The company restated early 2026 results and flagged a material weakness in financial reporting controls.
AAON (AAON) stock climbed about 23% to roughly $77 on Tuesday after a third-quarter report that beat estimates. Monday’s close was $62.87.
Adjusted earnings came in at 83 cents a share, well above the 57 cents analysts expected. Revenue hit a record $707.4 million, up 84% from a year ago.
$AAON AAON Surges 23% After Q3 Earnings Beat, Driven by Strong Data Center Demand
⠀
• Q3 earnings per share and revenue exceeded analyst expectations.
• Strong data center demand supported results, while the traditional HVAC business remained resilient.
• AAON declared a…
— alldaystocks (@allday_stocks) November 10, 2026
Analysts had been looking for about $600 million in sales. The company cleared that bar by more than $100 million.
Data Center Cooling and Core HVAC Both Deliver
BASX-branded sales surged 218% to $397.2 million. AAON-branded sales rose 20% to $310.2 million.
BASX liquid cooling sales jumped 256% to $165.5 million. Those sales reached $450 million over the past 12 months.
Total backlog rose 40.5% from a year ago to $1.85 billion. It slipped 5.9% from the prior quarter as more orders turned into sales.
BASX backlog grew 51% year over year. KeyBanc noted it fell 5% from the previous quarter.
The Oklahoma operations build rooftop systems for commercial buildings. Their sales climbed 19% to $283 million, against a 5% gain forecast by D.A. Davidson.
D.A. Davidson pointed to fewer production bottlenecks and better quality controls. The firm kept a Buy rating and a $110 price target.
Baird analyst Timothy Wojs kept an Outperform rating after the report. He trimmed his target to $104 from $110.
The Restatement and Margin Details
AAON restated its first- and second-quarter results. The changes added $10.7 million to first-half sales and 9 cents to earnings per share.
The company also found a material weakness in its financial reporting controls. It says it is still working to fix the problem.
Gross margin narrowed to 26.7% from 27.8% a year earlier. It rose 60 basis points from the previous quarter.
KeyBanc said part of the higher margin outlook could reflect the restatements. The firm also said the fast BASX expansion is holding back margin gains because of added costs.
Operating cash flow for the first nine months reached $146.9 million, compared with an outflow of $18.8 million a year earlier. AAON held $3.7 million in cash and had $386.7 million outstanding on its revolving credit facility.
AAON raised its 2026 sales forecast to $2.48 billion-$2.524 billion from $2.235 billion-$2.307 billion. That tops the $2.301 billion analyst estimate, and the company expects a gross margin near 26%.
The company declared a quarterly dividend of 10 cents a share. It is payable Dec. 17 to holders of record Nov. 25.
The post AAON Stock Jumps 23% After Q3 Beat and Higher 2026 Sales Outlook appeared first on Blockonomi.

TLDR
Skydance (SKYD) stock fell 8.7% to $7.94 on Tuesday, erasing Monday’s 8.6% gain.
Q3 adjusted earnings of 45 cents beat the 13-cent estimate, while revenue of $7.03 billion narrowly missed.
Gross debt stands at $87 billion against $10 billion in cash after the Warner Bros. deal.
A weak Warner film slate could cut Q4 profit by up to $200 million.
BofA kept an Underperform rating with a $9 target, while Citizens JMP trimmed its target to $13.
Skydance (SKYD) stock fell 8.7% to $7.94 on Tuesday. That wiped out the 8.6% jump it posted on Monday after earnings.
The stock is now down 35% in 2026. Trading ran well below normal, with about 5.8 million shares changing hands versus a daily average near 14.6 million.
The Q3 report was a strange one. The quarter ended Sept. 30, and the Warner Bros. merger closed Oct. 6, so none of Warner’s numbers were included.
SKYDANCE $SKYD Q3’26 EARNINGS HIGHLIGHTS
Revenue: $7.03B (Est. $7.04B) ; +5% YoY
Adj. EPS: $0.45 (Est. $0.11)
GAAP EPS: $0.06
Adj. EBITDA: $1.0B; 14% margin
Paramount+:
Subscribers: 82.2M; +6% YoY
Revenue: $2.13B; +21% YoY
Segment Revenue:
Studios:… pic.twitter.com/dD0PQr0NIO
— Wall St Engine (@wallstengine) November 9, 2026
Adjusted earnings came in at 45 cents a share. FactSet had expected 13 cents.
Revenue rose 5% from a year ago to $7.03 billion. That was a hair under the $7.04 billion analysts projected.
Paramount+ revenue grew 21% in the quarter. The company also plans to bundle that service with HBO Max in early 2027.
The Debt Problem
Skydance said it holds $87 billion in gross debt after closing the Warner deal. It has only $10 billion in cash to set against that.
The company expects to burn cash in 2026. It wants to flip that into $10 billion of positive cash flow by 2030.
Management is targeting more than $6 billion in yearly savings within three years. The plan includes merging operations, trimming technology costs and cutting layers of management.
At the same time, the company says it will keep spending on content. It cited a base of more than $30 billion in annual content spend.
The fourth quarter looks rougher. Skydance warned the Warner film slate could cut profit by up to $200 million from earlier expectations.
It did not give full fourth-quarter guidance. Instead, it said it would issue full-year outlooks going forward.
What Analysts Are Saying
Wall Street is split. Of 27 firms tracked by FactSet before earnings, seven rated the stock a Buy and eight rated it a Sell.
BofA’s Jessica Reif Ehrlich kept an Underperform rating and a $9 price target on Tuesday. She called the integration “daunting” and said it will take “a significant amount of time.”
Citizens JMP cut its target from $14 to $13 but kept its outperform rating. MarketBeat lists a consensus rating of Hold with an average target of $6.42.
UBS analyst John Hodulik estimated last month that about two-thirds of profits still come from linear TV. Much of that sits in genres that streaming could eat into.
Skydance also named Marvel veteran Jeremy Latcham to lead DC Studios. He replaces James Gunn and Peter Safran, who are departing.
On Tuesday, the stock traded as low as $7.75 after closing at $8.70 the day before. Its 50-day moving average sits at $6.74.
The post Skydance (SKYD) Stock Drops 9% as $87 Billion Debt Load Overshadows Earnings Beat appeared first on Blockonomi.

TLDR
Adobe stock slips 1.24% as Google Gemini expands across its creative software.
Google Gemini will support smarter document editing and analysis in Acrobat.
Photoshop, Premiere, and Firefly gain broader access to Google’s AI models.
Adobe Acrobat will connect with Gmail and Drive to streamline PDF workflows.
Adobe and Google DeepMind explore faster image editing tools for Photoshop.
Adobe Inc. (ADBE) stock declined 1.24% to $234.37, losing $2.95 as selling pressure weighed on shares. Meanwhile, Adobe and Google announced an expanded partnership to integrate Gemini models across Adobe’s creative and productivity applications. The agreement strengthens both companies’ artificial intelligence offerings and connects their tools across document editing, design, and content creation.
Adobe Inc., ADBE
Adobe Expands Google AI Partnership Across Creative Platforms
Adobe and Google announced their expanded partnership during Adobe MAX, a major conference focused on creative technology. The agreement connects Google’s artificial intelligence capabilities with Adobe’s established creative software and document management services. Both companies aim to simplify digital workflows and improve access to advanced content creation tools.
Under the agreement, Google will integrate its advanced AI models into Adobe Photoshop, Premiere, Firefly, and Adobe Express. Additionally, Adobe will introduce more creative tools across Google’s Gemini services and its AI-powered search features. These changes will allow users to access document editing and creative functions without switching between multiple applications.
The partnership builds on existing cooperation between the companies in cloud services, mobile applications, and creative software. Adobe currently serves more than one billion monthly active users across its creative and productivity offerings. Meanwhile, Google’s global platforms provide additional distribution channels for Adobe’s document management and design services.
Google Gemini Models Expand Across Adobe Creative Applications
Adobe will integrate Google’s Gemini models into Acrobat to support document analysis, editing, and content generation. Consequently, users will gain additional tools for understanding PDF files and creating presentations, reports, and resumes. The integration will also support conversational document editing through Adobe’s existing artificial intelligence features.
Google’s imaging and video models will support creative workflows across Photoshop, Premiere, Firefly, and Express. Adobe already offers access to several Google models, including Veo and Nano Banana, through its creative platforms. The expanded agreement will increase available model options while retaining Adobe’s existing editing controls.
Adobe and Google DeepMind will also explore new image editing capabilities through their joint development efforts. Their research includes adapting Google’s image technology to support faster editing and multiple design variations within Photoshop. The companies aim to simplify creative production while maintaining control over image adjustments and final output.
Adobe Acrobat Integration Targets Google Workspace Users
Adobe will introduce Acrobat directly into Google Workspace through integrations with Gmail and Google Drive. Users will access Acrobat through suggested applications and editing options within Google’s existing document workflows. This integration will connect Google’s productivity services with Adobe’s PDF editing and document management features.
Adobe reports that users open more than 400 billion PDF files annually through Acrobat. Therefore, the Workspace integration creates another channel for reaching customers who regularly handle digital documents. The companies also plan to expand Adobe connectors across Gemini Enterprise and Google’s search services.
Meanwhile, Adobe continues to extend its creative applications across Google’s mobile and enterprise platforms. Previous collaborations introduced Premiere on Android and expanded Adobe’s creative tools across Google’s Chromebook ecosystem. The latest agreement broadens that relationship and strengthens cooperation between the companies across digital productivity and creative software.

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TLDR
Bitcoin traded near $73,912 on November 10, according to CoinGecko.
U.S. consumer prices rose 0.4% in October, exceeding the 0.3% forecast.
Core consumer inflation reached 0.3%, above the expected 0.2%.
U.S. spot Bitcoin ETFs recorded approximately $1.48 billion in net outflows across six sessions.
BlackRock’s IBIT accounted for approximately $1.42 billion of those net withdrawals.
Bitcoin (BTC) price slipped toward $73,000 on November 10 as hotter-than-forecast U.S. inflation pressured risk assets. CoinGecko showed Bitcoin near $73,912, with a 24-hour low around $73,587 during the session. The decline coincided with another test of investor demand. U.S. spot Bitcoin funds have recorded substantial withdrawals, although recent on-chain exchange deposits show a contrasting trend.
Inflation Surprise Raises Interest-Rate Concerns
The Bureau of Labor Statistics reported a 0.4% increase in October’s Consumer Price Index. Economists surveyed by Reuters expected 0.3%, while September’s monthly increase reached 0.6%.
Core consumer prices rose 0.3%, exceeding the 0.2% consensus estimate. Both readings strengthened market expectations of another Federal Reserve interest-rate increase in December.
Reuters reported falling U.S. equities and rising Treasury yields following the inflation release. Bitcoin declined alongside other risk-sensitive assets, although the data cannot prove a single cause. The agency published no annual inflation rate for October. A federal funding lapse prevented comparable price data collection during October 2025.
Bitcoin ETF Withdrawals Continue
Data from Farside Investors show U.S. spot Bitcoin ETFs recorded $201 million in net outflows on November 9. Combined withdrawals reached approximately $1.48 billion across six trading sessions beginning November 2.
BlackRock’s iShares Bitcoin Trust accounted for roughly $1.42 billion of those net outflows. However, November 4 brought $74.6 million in net inflows across the broader ETF group.
The divergence matters because one fund’s redemptions do not represent the entire market. Fund flows also measure investment-product activity, rather than every underlying Bitcoin purchase or sale.
Loss-Making Bitcoin Exchange Inflows Decline
CryptoQuant estimated short-term holders’ average Bitcoin cost basis near $75,700 on November 10. Trading below that figure places the group at an unrealized loss on average.
Another CryptoQuant analysis tracked exchange deposits from loss-making short-term holders. Those holders transferred about 32,695 BTC on November 6. That represented roughly 89% of short-term holder exchange inflows, according to CryptoQuant. Their deposits fell to about 9,900 BTC on November 9, despite continued price weakness.
The decline represents approximately 70% fewer loss-making exchange inflows from that specific holder cohort. It does not measure all exchange deposits or guarantee reduced selling.
Separately, Blockonomi reported roughly 108,700 fewer nonempty Bitcoin wallets since October 16, citing Santiment. Wallet totals cannot reliably count distinct investors. ETF withdrawals, holder losses, and exchange deposits measure different activities.
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TLDR
CryptoQuant reports that USDT market capitalization contracted by $6.6 billion over 60 days.
CryptoQuant says the contraction exceeded twice the comparable December 2022 decline following FTX’s collapse.
DefiLlama recorded a $289.81 billion stablecoin market on November 10, down 4.57% over 30 days.
USDT retained approximately 60.81% of stablecoin market capitalization despite declining supply.
USDC market capitalization fell 3.76% over 30 days to approximately $70.38 billion.
CryptoQuant says Tether’s USDT market capitalization contracted by $6.6 billion over the past 60 days. The decline reportedly exceeded twice the comparable December 2022 contraction following FTX’s collapse.
Tether supply is shrinking faster than it did after FTX.
USDT market cap is down $6.6B in 60 days, more than double the December 2022 drop.
Stablecoin growth funded every rally this cycle. That fuel is draining. pic.twitter.com/WxQNDdwZER
— CryptoQuant.com (@cryptoquant_com) November 10, 2026
However, November 10 market data suggest this is more than a Tether-specific withdrawal. Circle’s USDC also lost supply, challenging the argument that traders simply switched between major stablecoins. According to DefiLlama, total stablecoin capitalization stood at $289.81 billion on November 10. It declined 4.57% over 30 days and 1.62% over seven days.
USDC Also Loses Supply
USDT accounted for approximately $176.23 billion, representing 60.81% of the tracked stablecoin market. Despite its dominant position, USDT’s capitalization fell 4.26% over the preceding month. USDC declined 3.76% during that period, leaving its market capitalization near $70.38 billion. Together, those changes indicate weakness across both major issuers, rather than an isolated Tether shift.
Ripple’s RLUSD gained 9.39% over 30 days, while Ethena’s USDe expanded 4.58%. Those gains demonstrate uneven demand across products. However, smaller tokens did not prevent the broader market capitalization from falling.
Supply Does Not Equal Buying
Stablecoins provide dollar-denominated settlement assets for cryptocurrency trading and on-chain transactions. Their circulating supply offers a liquidity signal, but it does not measure actual Bitcoin purchases. In an October 21 analysis, CryptoQuant contributor Darkfost documented declining exchange stablecoin reserves. Binance held $41.6 billion in tracked ERC-20 stablecoins at that time.
Exchange transfers and circulating supply measure different activities. Users can move existing tokens between exchanges and private wallets without changing total issuance. A November 6 Blockonomi report noted tentative improvement in exchange inflows. Those transfers did not establish renewed stablecoin issuance or confirm stronger market-wide buying demand.
Tether Reserves Remain Separate
Tether’s October 30 disclosure listed $191.5 billion in reserves as of September 30. It reported $183.5 billion in liabilities and approximately $7.95 billion in excess reserves. That report describes an earlier reserve position, not November’s token supply. Tether said USDT issuance remained near $184 billion through September.
DefiLlama’s newer $176.23 billion reading reflects a later market snapshot. Differences in reporting dates and measurement methods also deserve attention. DefiLlama quoted USDT close to $1 on November 10. Falling capitalization alone does not establish reserve shortfalls or a loss of its dollar peg.
Market participants can monitor net issuance, total stablecoin capitalization, and executed spot buying together. Recovering supply could improve potential buying capacity, but would not guarantee higher cryptocurrency prices.
The post Tether Supply Decline Reveals Wider Stablecoin Contraction appeared first on Blockonomi.

TLDR
Amazon shares gain 1.96% to $272.17 as UK regulators clear drone delivery expansion
Prime Air expands Darlington eligibility from 600 to approximately 8,000 customers
UK aviation regulator grants Amazon SAIL 4 approval and flightworthiness validation
Amazon targets drone deliveries of eligible household essentials within two hours
Amazon plans drone delivery coverage across nearly 500 US communities by year-end
Amazon shares gained 1.96% to $272.17 as UK aviation approval cleared a larger delivery area for Prime Air. The stock added $5.24 and recovered from lows near $265 during morning trading. Meanwhile, the company secured permission to expand drone deliveries into more populated communities around Darlington in northern England.
Amazon.com, Inc., AMZN
Darlington Expansion Increases Customer Coverage
The UK Civil Aviation Authority granted Amazon approval to increase eligibility from approximately 600 customers to 8,000. That expansion raises potential customer coverage more than thirteenfold within the Darlington area. However, the approval covers operations within the authorised area, and further locations require additional regulatory permissions.
Amazon launched its UK drone delivery service earlier in 2026, initially serving less populated parts of Darlington. The company introduced the programme as an additional delivery option for selected consumer products. Now, the expanded trial brings that option to a larger local customer base and more populated neighbourhoods.
Amazon said the latest permissions provide a foundation for expansion into other UK communities. However, the company gave no timetable for operations beyond Darlington or details about additional sites. Its plans therefore include broader deployment, but the announcement identifies no further locations or launch dates.
CAA Grants Operating and Aircraft Approvals
Amazon received Specific Assurance and Integrity Level 4 operating authorisation alongside flightworthiness validation for its delivery aircraft. The SAIL framework sets safety assurance requirements for certain unmanned aircraft operations. Together, these approvals allow Prime Air to extend its existing service under the regulator’s operating conditions.
The CAA assessed Amazon’s aircraft and operations before granting the permissions for expanded service. Sophie O’Sullivan, the regulator’s director of future safety and innovation, highlighted the company’s safety work. She also linked the approvals to innovation and growth within the UK aerospace sector.
The permissions support the Darlington expansion, but they carry no nationwide operating clearance. Consequently, Amazon must meet relevant aviation requirements for any wider UK deployment. The company also needs operational readiness and additional authorisations for future locations.
Prime Air Sets Delivery and Expansion Goals
Prime Air aims to deliver eligible everyday products, including nappies and household essentials, in under two hours. The service complements Amazon’s existing logistics network and covers selected orders. Geographic coverage and operating requirements determine customer access.
Amazon disclosed no delivery totals for the Darlington trial. It also supplied no financial results for UK drone operations. Those omissions leave the programme’s commercial performance unspecified.
Amazon plans US coverage across nearly 500 cities and towns by year-end under its stated expansion plans. The announcement supplied no updated operating location count for its US delivery network. Applicable approvals remain requirements for deployment across the company’s planned US service areas.

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TLDR
SMX stock soared 61.71% to $15.12 after announcing its new AI research platform.
The SMX SCI platform aims to speed up material testing and industrial research.
SMX targets an internal AI rollout in Q1 2027 and commercial services in Q2.
AI tools could strengthen recycled plastics tracking and material certification.
SMX plans new revenue streams through AI-powered scientific research services.
SMX (Security Matters) shares surged 61.71% to $15.12, gaining $5.77 as the company announced a new artificial intelligence platform. The stock climbed toward $17.50 before retreating as trading activity intensified. Meanwhile, the company outlined plans to expand its material science capabilities through SMX Scientific Intelligence (SMX SCI).
SMX (Security Matters) Public Limited Company, SMX
SMX Stock Surges as Company Expands Into AI Technology
SMX stock recorded strong gains following the company’s announcement of its artificial intelligence initiative. The shares advanced sharply during the session, reflecting increased market interest in the company’s technology expansion. However, the stock surrendered some gains after reaching intraday highs near $17.50.
The company plans to integrate artificial intelligence with its existing scientific expertise and industrial material research. SMX SCI will establish a database covering chemical agents, additives, molecular markers, and manufacturing materials. The system will help researchers identify suitable materials and assess their compatibility with different industrial processes.
SMX expects to begin internal platform operations during the first quarter of 2027. Subsequently, the company targets full operations and a limited commercial launch during the second quarter. However, successful development, testing, and validation will determine the final launch schedule.
SMX Scientific Intelligence Targets Faster Industrial Research
The platform will combine chemical information, manufacturing requirements, and regulatory data within one research environment. Through automated analysis, SMX aims to reduce laboratory workloads and shorten material development timelines. Furthermore, researchers will screen potential chemical solutions before conducting physical experiments.
SMX SCI will also support preliminary regulatory assessments across several major international markets. These markets include the United States, European Union, Japan, Australia, Singapore, and Canada. Nevertheless, manufacturers must complete additional testing and regulatory reviews before confirming compliance.
The initiative builds on SMX’s existing molecular marking and Digital Material Passport technology. These systems connect physical materials with digital records covering composition, origin, quality, and lifecycle history. Additionally, AI analysis will help strengthen material identification and traceability across recycling and manufacturing operations.
SMX Targets New Revenue Through AI-Powered Material Services
SMX intends to expand the platform beyond internal research and offer commercial scientific services. Potential services include material identification, additive selection, product enhancement, and preliminary compatibility assessments. The initiative could establish an additional revenue source alongside the company’s existing authentication technology.
The platform will also support SMX’s planned Plastic Circularity Credits marketplace and recycled plastics certification efforts. Its analysis capabilities could improve material grading, credit eligibility assessments, and connections between buyers and sellers. The industry has not yet adopted unified global standards for certified recycled plastics.
SMX is developing the platform through internal specialists and external technology subcontractors. Its potential applications cover packaging, electronics, semiconductors, precious metals, and other industrial materials. The planned 2027 commercial launch will depend on development progress, successful testing, and customer adoption.

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TLDR
Goldman Sachs named Tencent, Alibaba, PDD Holdings, Meituan and JD.com ahead of third-quarter earnings.
The bank expects combined net profit at major Chinese internet firms to rise about 9%.
It forecasts 53% cloud growth at Alibaba and 104% profit growth at Meituan.
Goldman favors gaming firms as more defensive than e-commerce and advertising.
JD.com reports November 17, Tencent November 18 and Alibaba November 19.
Goldman Sachs has named five Chinese internet stocks to watch before third-quarter earnings. The list includes Tencent, Alibaba, PDD Holdings, Meituan and JD.com. The report was published on November 10, according to Investing.com.
The bank expects combined net profit at major Chinese internet companies to rise about 9% from a year earlier, according to AAStocks. That would follow profit declines in the two previous quarters. The figures are forecasts, not reported results.
Goldman also favors gaming and entertainment companies. It views them as more defensive than e-commerce, advertising and local services. Chinese consumer spending remains weak, and the bank expects profits to improve as companies focus more on efficiency and artificial intelligence.
Meituan Profit Forecast Points to a 104% Jump
Goldman expects Meituan’s third-quarter adjusted operating profit to rise 104% from a year earlier. That would take it to about 700 million yuan.
The bank says profits could improve across food delivery, hotels and local services. Meituan is also expanding abroad with its Keeta delivery platform and building AI-powered services. Goldman lists both as areas that could add to growth.
PDD Holdings Has Strong Cash but Faces Earnings Pressure
PDD Holdings owns Pinduoduo and the shopping platform Temu. Goldman points to its large net cash position and strong free cash flow.
The bank says better advertising income and returns on ad spending at Temu could help profits. It also names the company’s Xin Pin Mu initiative as an area of investment.
Still, Goldman expects near-term earnings pressure as PDD spends on expansion and platform development. It lists intense e-commerce competition and weaker Chinese consumption as risks.
JD.com Forecast Shows 39% Profit Growth
Goldman forecasts that JD.com’s group net profit will grow 39% to about 8 billion yuan. It cites stronger retail profitability and improving cash generation.
The bank also points to international expansion through Joybuy and opportunities in AI-powered commerce. JD.com will report third-quarter results on November 17.
Tencent Gaming and Ad Revenue Expected to Grow
Goldman expects Tencent’s third-quarter gaming revenue to grow 8%. It forecasts a 19% rise in advertising revenue. Gaming revenue has stayed resilient, and advertising demand is growing.
The bank also sees opportunity in Tencent’s cloud computing business and its WorkBuddy enterprise AI agent. Goldman kept its 12-month price target at HK$650.
However, it lowered the valuation multiple for the gaming unit from 20 times to 19 times earnings. Tencent is due to report results on November 18.
Alibaba Cloud Growth Forecast at 53%
Goldman forecasts that Alibaba’s cloud revenue growth could accelerate to 53%. It expects cloud operating margins to improve to about 12.5%. Alibaba is expanding its cloud computing and artificial intelligence operations.
The bank expects adjusted earnings before interest, taxes and amortization to rise 238% from a year earlier to about 31 billion yuan. Better food-delivery economics could help, though competition and heavy investment spending remain challenges.
Alibaba’s Qwen AI models could also lift demand for cloud services. The company will report September-quarter results on November 19.
The post Goldman Sachs Names 5 Top China Internet Stocks Ahead of Q3 Earnings appeared first on Blockonomi.

TLDR
Visa has added Monad as a stablecoin settlement option for participating issuers and acquirers.
Monad’s Private Settlement feature remains under development despite the network’s inclusion.
Visa reported a $25 billion annualized stablecoin settlement run rate during its October earnings call.
Category Labs designed Private Settlement to protect institutional transaction details while permitting authorized oversight.
Visa previously announced a confidential settlement proof of concept with Brale on Canton.
Visa has added Monad as a stablecoin settlement option for participating card issuers and acquirers. The expansion comes before Monad’s planned institutional privacy system becomes operational.
The Monad Foundation confirmed the addition, according to a November 10 report by The Block. The option extends Visa’s multichain settlement approach without changing how consumers pay by card.
Monad Joins Visa’s Growing Settlement Network
Participating institutions can settle Visa obligations using supported stablecoins on eligible blockchains. These transfers can occur during weekends and holidays, outside conventional banking settlement windows.
Visa previously added Arc, Base, Canton, Polygon and Tempo to its settlement pilot in April. Its existing options also included Ethereum, Solana, Avalanche and Stellar.
The expansion follows accelerating activity across Visa’s stablecoin services. Visa CEO Ryan McInerney reported a $25 billion annualized settlement run rate on October 27. He described that pace as ten times the year-earlier level.
That figure measures the annualized pace across Visa’s program, not transactions processed on Monad. The available announcement provides no Monad-specific settlement total or named bank using the option.
Privacy Feature Remains a Future Capability
Monad’s addition precedes the launch of its proposed Private Settlement system. Category Labs introduced the design on October 6, according to the Monad Foundation.
The proposal would let institutions create encrypted execution environments while retaining access to shared network liquidity. Businesses could control their own validators and determine which records auditors and regulators can inspect.
However, the foundation explicitly described Private Settlement as a published design, not a live product. Its rollout timetable and production performance therefore remain unconfirmed.
That distinction matters because institutional settlement can involve confidential balances, counterparties, and treasury movements. Visa’s network support does not establish that Monad’s privacy system is operational.
Visa Has Already Tested Confidential Settlement Elsewhere
In June, Visa announced a separate proof of concept with Brale on the Canton Network. The companies aimed to test privacy controls for stablecoin settlement involving institutional payment obligations.
Visa and Lloyds Banking Group later completed a seven-day live settlement pilot in September. Lloyds settled $750,000 using USDC, with funds reaching Visa within an hour, including weekends. The pilot also tested interoperability between private and public blockchain environments. Blockonomi previously covered the completed Lloyds settlement pilot.
Separately, Reap announced plans in October to support Monad-based stablecoin card programs. That initiative concerns card infrastructure and does not establish live Visa settlement volumes on Monad.
The post Visa Adds Monad Ahead of Privacy Rollout appeared first on Blockonomi.

TLDR
Marc Asch plans to leave Ripple Prime at the end of 2026.
Noel Kimmel will succeed Asch as leader of Ripple’s institutional prime brokerage.
Ripple identified Kimmel as Ripple Prime president months before the succession announcement.
Ripple Prime secured a $200 million debt facility in May 2026.
The brokerage completed a $275 million senior unsecured notes offering in August 2026.
Marc Asch will leave Ripple Prime at year-end, handing leadership to Noel Kimmel. The handover follows an expansion of the brokerage’s lending, derivatives, and institutional partnerships.
Ripple confirmed the succession in comments reported by CoinDesk on November 10. A company spokesperson said Asch would pursue other opportunities after leaving. Ripple identified Kimmel as senior vice president and incoming leader of the business.
However, Ripple’s official releases already described Kimmel as Ripple Prime president earlier in 2026. The announcement therefore concerns overall leadership succession, not his first senior appointment at the brokerage.
Kimmel Already Represented Ripple Prime During Financing Expansion
Ripple acquired Hidden Road for $1.25 billion in 2025, completing the transaction that October. The acquisition brought institutional brokerage, clearing, and financing services into Ripple’s business.
In May, Ripple announced a $200 million debt facility from funds managed by Neuberger Specialty Finance. The facility allows borrowing to finance institutional clients, rather than representing fully drawn debt. Ripple also reported that Prime’s revenue had tripled year over year since the acquisition.
In August, Ripple Prime completed a $275 million private placement of senior unsecured notes. Ripple said KBRA assigned the offering an investment-grade BBB rating. Kimmel commented publicly on both financing arrangements as president, before November’s succession announcement.
Derivatives and Institutional Relationships Add Responsibility
Ripple launched Delta One in August, offering swaps across equities, indexes, and digital assets. Related Blockonomi coverage documented Ripple Prime’s move into leveraged ETF swap financing.
In October, Ripple expanded Prime’s agreement with Brevan Howard to cover multi-asset brokerage, clearing, and financing. The same month, Ripple announced support for perpetual swaps tied to real-world assets.
The service covers more than 100 reference markets, including equities, metals, energy, and foreign exchange. Ripple said institutions could use its RLUSD stablecoin as collateral for these swaps.
An October partnership with Robinhood also included margin financing through Ripple Prime for Bitstamp. Ripple said Prime provided Bitstamp with lending across roughly 20 digital assets.
Unresolved Questions After the Founder’s Departure
Asch founded Hidden Road in 2018 and remained involved following Ripple’s acquisition. His departure marks another transition for the business under its new ownership.
Ripple has not announced changes to Prime’s operating model following Asch’s planned exit. Its original acquisition announcement outlined plans to migrate post-trade activity onto XRP Ledger. The reviewed releases do not establish that this migration has finished. The handover also comes without newly disclosed targets for institutional lending or RLUSD collateral usage.
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TLDR
Wix.com (WIX) stock traded near $70 in premarket Tuesday, up 0.29% at $69.95 after an 8.33% drop in the prior session.
BofA downgraded the stock to Underperform from Buy and cut its price target to $68 from $75.
Q3 EPS of $1.42 and revenue of $570.17 million both beat estimates.
Wix cut its 2026 free cash flow margin forecast to about 16% as it spends more on Base44.
Cantor Fitzgerald raised its target to $90 and Jefferies lifted its to $85.
Wix.com (WIX) stock was trading near $70 on Tuesday, with a premarket quote of $69.95, up 0.29%. That comes after an 8.33% drop in the previous session.
Investing.com reported an earlier 5.5% slide in pre-open trading. The trigger was a downgrade from BofA Securities to Underperform from Buy.
BofA cut its price target to $68 from $75. The stock now sits just above that number, which leaves little room to spare.
$WIX Q3’26 EARNINGS HIGHLIGHTS
Revenue: $570.2M (Est. $566M) ; +13% YoY
Adj. EPS: $1.42 (Est. $1.39) ; -15% YoY
Non-GAAP Gross Margin: 69%; flat YoY
Total ARR: $2.0B; +15% YoY
FY26 Guide:
Revenue Growth: Low- to mid-teens YoY
Bookings Growth: Low-teens YoY… pic.twitter.com/U4OMpt9vZa
— Wall St Engine (@wallstengine) November 10, 2026
The bank pointed to slowing core revenue, mainly in the Partners segment. It also trimmed its Q4 revenue growth estimate and lowered its EBITDA margin forecast.
Still, the earnings report gave bulls something to hold. Non-GAAP EPS came in at $1.42, ahead of the $1.39 estimate.
Revenue rose 13% to $570.17 million, topping the $565.98 million forecast. Total bookings climbed 11% to $573 million.
Where the Numbers Fell Short
Not every line item cooperated. Operating income margin was negative 2.9% and adjusted EBITDA margin was 13.1%, both below consensus.
Free cash flow came in at $74.5 million. Wedbush had been looking for $84 million.
Wix also cut its 2026 free cash flow margin forecast to about 16%, down from the high teens. The company said it is putting more money into sales and marketing to speed up Base44.
Management also said Q4 bookings growth should trail revenue growth. Softness in Partners hits bookings faster than it hits revenue.
Partners revenue rose 11% to $212.4 million. Creative Subscriptions grew 14% to $406.7 million, and Business Solutions rose 10% to $163.5 million.
Base44 Takes Center Stage
CEO Avishai Abrahami said Base44 continues to beat expectations. CFO Lior Shemesh said its annual recurring revenue is nearing $250 million.
Wix expects Base44’s adjusted gross margin to top 60% by year-end as AI costs fall. Total ARR rose 15% to $2.02 billion.
Jefferies raised its target to $85 and pointed to Base44’s fast ARR growth. Cantor Fitzgerald lifted its target to $90 from $80 and kept an Overweight rating.
Wix named Nir Zohar co-CEO. He will oversee strategy and operations, while Abrahami focuses on AI, products and technology.
The company reaffirmed its 2026 outlook for low- to mid-teens revenue growth and low-teens bookings growth. It expects Q4 revenue to grow by a low-double-digit percentage.
Wix ended September with about $1.05 billion in cash and securities against $1.63 billion in debt. Wix.com stock was up 0.29% at $69.95 in premarket trading Tuesday, while the S&P 500 and Nasdaq were slightly lower.
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TLDR
CoreWeave stock trades near $50, up about 3% ahead of Tuesday’s after-close report.
Analysts expect revenue of $3.54 billion and a loss of $1.54 a share.
Hitting the low end of the $12.4 billion annual forecast needs about $7.75 billion in the second half.
The 2032 bonds fell as low as 74.75 cents on the dollar after the midterms.
Options pricing implies a post-earnings range of about $39.65 to $58.30.
CoreWeave (CRWV) stock trades near $50 on Tuesday, up about 3% ahead of its third-quarter report. The company reports after the close, with the release due at 4:10 p.m. ET.
Wall Street expects a loss of $1.54 a share, or $700.3 million. A year ago, the loss was 22 cents a share, or $110.1 million.
Revenue is forecast at $3.54 billion, up from $1.36 billion a year earlier. That is a jump of about 160%.
The stock is still down more than 60% from its May high of $138.25. It hit a 19-month low of $40.58 on November 5.
The Math Behind the Guidance
CoreWeave’s full-year revenue forecast starts at $12.4 billion. It booked $4.65 billion in the first half.
To reach the low end, it needs about $7.75 billion in the second half. Third-quarter guidance was $3.45 billion to $3.60 billion.
Research firm Tessara is also tracking active power capacity. CoreWeave expects it to grow from 1.5 gigawatts at the end of June to more than 1.85 gigawatts by year-end.
Morgan Stanley says reaffirming guidance would help. Still, its analysts think investors will focus most on what management says about financing.
Debt Takes the Spotlight
CoreWeave relies on private credit, asset-backed loans and other debt to build its data centers. Its 2032 bonds fell as low as 74.75 cents on the dollar after last week’s midterms.
Credit spreads widened, and lenders are getting pickier about new projects. The stock has dropped 40% over the past month.
Monday was choppy. The stock fell in premarket trading, then closed up 5.6%.
The early dip may have tied back to Nvidia, which fell 5.3%. Nvidia said CEO Jensen Huang would face an independent review after reports of a “foreign intelligence effort.”
Wells Fargo cut its price target to $115 from $160 but kept an Overweight rating. The firm still calls CoreWeave the strongest “neocloud” name and expects capacity and revenue to beat estimates.
Rosenblatt lowered its target to $160 from $250 and kept a Buy rating. Oppenheimer sits at $150.
CoreWeave also signed a multiyear deal to power Wayve’s self-driving AI models. Wayve will train on Nvidia Blackwell chips, using driving data from more than 70 countries.
In Texas, CEO Michael Intrator congratulated Governor-elect Hinojosa and asked state leaders to let permitted projects move forward. CoreWeave runs six active sites in the state.
Options markets imply a swing between about $39.65 and $58.30 after earnings. The put/call ratio shows a mild call bias.
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TLDR
ONON stock drops 6.71% to $35.01 despite stronger third-quarter earnings results.
On Holding AG posts 17.2% Q3 sales growth, reaching CHF 931.4 million in revenue.
Direct-to-consumer revenue jumps 25% to CHF 393.3 million in the third quarter.
Quarterly net income rises 36.9% to CHF 162.8 million as profit margins expand.
Asia-Pacific sales surge 31.1%, outpacing growth across other global regions.
On Holding AG (ONON) shares plunged 6.71% to $35.01, losing $2.52 despite strong third-quarter earnings and direct-to-consumer sales growth. The decline followed the previous closing price of $37.53, reflecting selling pressure despite improved financial results. Meanwhile, the Swiss sportswear company reported higher revenue, stronger profitability, and expanding sales across major international markets.
On Holding AG, ONON
On Holding AG Reports 17.2% Revenue Growth in Q3
On Holding AG reported third-quarter net sales of CHF 931.4 million, marking a 17.2% year-over-year increase. Additionally, revenue grew 17.8% on a constant currency basis, supported by demand across footwear, apparel, and accessories. The company also increased gross profit by 29.5% to CHF 676 million from CHF 522.2 million.
On Holding AG increased its gross profit margin to 72.6%, compared with 65.7% a year earlier. Net income climbed 36.9% to CHF 162.8 million, while diluted earnings per share reached CHF 0.48. Furthermore, adjusted EBITDA rose 42.7% to CHF 256.8 million, lifting its margin to 27.6%.
The company attributed its performance to premium pricing, product innovation, and a growing share of direct sales. Its Cloudsurfer 3 running shoe also marked an important step in the company’s latest product development cycle. Management continued expanding premium retail experiences while maintaining full-price sales despite promotional competition across the sportswear market.
Direct-to-Consumer Sales Jump 25% as Asia-Pacific Leads Growth
On Holding AG recorded a 25% increase in direct-to-consumer sales, bringing quarterly revenue to CHF 393.3 million. Meanwhile, wholesale revenue climbed 12.2% to CHF 538.2 million, demonstrating growth across both distribution channels. The company continued strengthening its direct retail network and digital sales operations.
Regionally, Asia-Pacific led growth with a 31.1% revenue increase to CHF 189.9 million during the quarter. Europe, the Middle East, and Africa generated CHF 251.4 million, representing a 17.9% increase. Additionally, Americas revenue reached CHF 490.1 million, reflecting 12.4% growth from the corresponding period last year.
Footwear remained the largest product category, generating CHF 843.7 million in sales after growing 15.4%. However, apparel recorded faster growth of 38.7%, bringing quarterly revenue to CHF 69.5 million. Accessories also expanded 39.2% to CHF 18.1 million, highlighting increased demand beyond the company’s core footwear business.
Nine-Month Earnings Strengthen Despite ONON Stock Decline
For the first nine months of 2026, On Holding AG generated CHF 2.61 billion in revenue. This represented 15.1% annual growth, while constant currency sales increased 21.8% during the period. Moreover, net income surged 175.6% to CHF 371 million from CHF 134.6 million.
The company also increased nine-month adjusted EBITDA by 37.4% to CHF 599.1 million. Meanwhile, its gross profit margin improved to 67.6%, compared with 62.5% during the previous year. Cash reserves reached CHF 1.34 billion by September 30, strengthening the company’s financial position.
Despite these results, ONON shares fell 6.71% to $35.01 as selling pressure outweighed the earnings announcement. The decline contrasted with stronger margins, higher direct sales, and continued growth across international markets. On Holding AG maintained its premium pricing strategy while expanding products, stores, and distribution channels.

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TLDR
D-Wave Quantum (QBTS) fell between 5% and 7% in pre-market trading on Tuesday after its Q3 report.
Adjusted loss was $0.13 a share. Analysts expected a loss of $0.10 to $0.12.
Revenue rose 21% to $4.51 million, beating estimates.
Quarterly bookings dropped 19% to $1.9 million, though nine-month bookings jumped 611%.
B. Riley cut its price target to $22 from $27 the day before the report.
D-Wave Quantum (QBTS) opened Tuesday on the back foot. The stock fell as much as 7.4% in pre-market trading, while another report put the drop at more than 5%.
By midday, QBTS was down about 6% on the session. The Nasdaq Composite was off 0.65% at 25,088.97.
The trigger was the company’s third-quarter report, released before the bell. It was a mixed print, with a revenue win and an earnings miss.
D-WAVE QUANTUM $QBTS Q3’26 EARNINGS HIGHLIGHTS
Revenue: $4.5M (Est. $4.3M) ; +21% YoY
EPS: -$0.13 (Est. -$0.14)
GAAP Gross Margin: 52.9%; -1,850 bps YoY
Customers:
Customers: 100+; 48% commercial enterprises
Announcements:
CHIPS Funding: Up to $100M;… pic.twitter.com/2yqiBZc84c
— Wall St Engine (@wallstengine) November 10, 2026
D-Wave lost an adjusted $0.13 per share. Analysts had penciled in a loss of $0.10 to $0.12, depending on the source.
Revenue came in at $4.51 million, up about 21% from a year ago. That topped the $4.34 million to $4.36 million that analysts expected.
Growth came from professional services and quantum computing as a service. Those two lines did the heavy lifting for the quarter.
Bookings Fall Short
The softer spot was bookings. They hit $1.9 million for the quarter, down $0.4 million, or 19%, from a year earlier.
Over the first nine months of 2026, though, bookings hit $37.4 million. That is up 611% from the same stretch last year.
Costs also moved the wrong way. Adjusted EBITDA loss widened 83% to $37.7 million as spending on product development picked up.
D-Wave ended the quarter with $503.4 million in cash. Remaining performance obligations stood at $38.3 million, up 1,221% year over year.
The company also has a conditional CHIPS Act funding agreement worth up to $100 million. That is a deal to keep an eye on, since it comes with conditions.
Analysts were already trimming expectations. B. Riley Financial lowered its price target to $22 from $27 on Monday.
That was the second cut in eight days. The firm kept its Buy rating.
The wider market gave the stock no cover. The Nasdaq slid in pre-market trading after comments from a Federal Reserve governor stalled a tech rebound.
Investors are also waiting on upcoming CPI data. That kept risk appetite in check.
Quantum peers felt it too. They had rallied last Friday after strong IonQ results and gave some of that back Tuesday.
IonQ (IONQ) was down about 1% by midday. D-Wave’s drop was far steeper.
CEO Alan Baratz pointed to demand from Seoul to Como to Washington. He said year-to-date bookings and a strong pipeline back the company’s outlook.
D-Wave hosted its earnings call at 8 a.m. ET. Management used it to walk through the results and the roadmap for its annealing and gate-model systems.
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