Blockonomi

TLDR
Liquid reported that attackers removed about 4,000 Bitcoin, worth roughly $320 million, from its federation wallet.
The funds moved through SideSwap’s Peg-out Authorization Key service, although Liquid and SideSwap said the PAK itself was not compromised.
SideSwap linked the affected L-BTC to a reported vulnerability in Elements, the Bitcoin-based software behind Liquid.
Liquid disabled bridge nodes and paused network activity while federation members investigated the incident.
Charles Hoskinson used the breach to warn that AI could make software vulnerabilities easier to discover and exploit.
Cardano founder Charles Hoskinson has responded to reports that attackers removed about 4,000 Bitcoin from the Liquid Network federation wallet. The reported loss totaled roughly $320 million and prompted Liquid to pause network activity while federation members reviewed the incident.
Charles Hoskinson linked the breach to wider concerns about artificial intelligence and software security. His response focused on whether traditional testing can keep pace as AI tools become better at finding code weaknesses and automating attacks.
Charles Hoskinson Raises AI Security Concerns
Liquid said the attackers moved the funds through SideSwap’s Peg-out Authorization Key service. SideSwap and Liquid both said attackers did not compromise the PAK itself. SideSwap instead pointed to a vulnerability in Elements, the Bitcoin-based software that Liquid uses.
We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message.
What we know so far is that the funds…
— Liquid Network (@Liquid_BTC) September 6, 2026
After the transaction, Liquid disabled bridge nodes and paused network operations. Exchanges also received alerts and began suspending, or preparing to suspend, L-BTC deposits and withdrawals while the investigation continued.
The transaction also carried an OP_RETURN message from the attackers, who described themselves as white hats and asked for contact through the blockchain. Liquid has not said that claim changes its investigation. The network continues to treat the transfer as an unauthorized movement of federation-held Bitcoin, still under review.
Formal Methods Enter the Security Debate
Charles Hoskinson said formal methods could offer stronger protection as AI-driven security risks increase. Formal methods use mathematical specifications and proofs to check whether software follows its intended design before developers release it.
AI systems can now review source code, search for weaknesses, and automate parts of phishing and social-engineering attacks. The reported Coldcard theft of about $130 million in Bitcoin has also added attention to the role advanced tools may play in future crypto attacks.
Cardano’s Focus on Formal Verification
Cardano has used academic research, peer review, and formal verification as part of its development process. Its Ouroboros consensus protocol came from formal research, while Cardano developers have used mathematical methods to test important protocol properties.
The network also uses Haskell and Plutus, which rely on strong type systems and functional programming. These tools can help developers find some software errors earlier. Charles Hoskinson has long presented this model as a way to reduce weaknesses before code reaches production safely.
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Quick Summary
GameStop announces Q2 2026 financial results Tuesday, September 8, following market close
Analyst consensus points to $0.27 earnings per share with $756.85 million in total revenue
Net income forecast ranges from $290M to $310M, significantly enhanced by approximately $238M from eBay investment returns
Total revenue anticipated between $780M and $800M, representing a decline from last year’s $972.2M
Option traders are anticipating a 7.31% price movement following the earnings announcement
GameStop will unveil its second-quarter fiscal 2026 financial performance following Tuesday’s closing bell on September 8. Shares of GME finished Friday’s session trading at $19.16, hovering close to the 52-week bottom of $17.79.
Financial analysts are forecasting adjusted earnings per share of $0.27 alongside revenue totaling $756.85 million. Given that preliminary Q2 metrics were disclosed on August 31, major surprises appear unlikely.
The company’s net income projection sits between $290 million and $310 million. A substantial portion stems from approximately $238 million in earnings connected to GameStop’s eBay holdings and associated derivative positions.
However, these investment profits are partially counterbalanced by approximately $75 million in write-downs related to cryptocurrency holdings and corresponding accounts receivable.
Total revenue projections fall within the $780 million to $800 million range, marking a significant decrease from the prior year’s $972.2 million for the comparable period. GameStop identified three primary drivers behind this decline: challenging year-over-year comparisons following the previous year’s Nintendo Switch 2 debut, strategic retail location closures, and the divestiture of its French business operations.
Financial Strength Becomes Key Focus
GameStop’s capital position has emerged as a critical element worth examining. According to August 1 figures, the retailer maintained approximately $5 billion in liquid assets alongside nearly $5 billion worth of eBay equity. This substantial reserve provides strategic options even as traditional retail operations experience headwinds.
Projected operating income ranges between $150 million and $170 million, representing more than a 125% increase compared to the $66.4 million recorded in the year-ago quarter. Per-share earnings projections have climbed 42% during the last 60 days as Wall Street incorporated the eBay-driven profits.
Conversely, revenue projections have contracted 29% across the same two-month window, underscoring concerns about the traditional brick-and-mortar business trajectory.
Critical Factors for Tuesday’s Report
Tuesday’s central question revolves around whether GameStop can demonstrate tangible business progress independent of investment portfolio performance. Market participants will scrutinize comparable-store sales metrics and emerging business segments including collectibles merchandise and the recently launched Uber Eats collaboration for gaming products and consumer electronics delivery.
Profitability metrics will attract particular attention. Despite sequential revenue growth, earnings per share declined from Q1’s $0.30 figure, prompting questions about whether rising expenses or intensifying competition are pressuring the core retail operations.
The potential eBay acquisition represents another discussion point. Shareholders granted authorization for additional share issuance in July to facilitate transaction financing, though specific timeline and integration strategies remain undisclosed.
Historical performance patterns suggest potential upside for shareholders. The stock has appreciated following five of its previous eight quarterly reports, including positive reactions after the last four consecutive releases. Those post-earnings gains measured 7.58%, 11.65%, 1.18%, and 6.02% respectively.
Options pricing models indicate an expected volatility of 7.31%, translating to approximately $1.40 movement in either direction after Tuesday’s disclosure.
According to TipRanks AI Analyst, GME receives an Outperform rating of 71 out of 100, with a $24 price objective suggesting roughly 25% appreciation potential from present levels. However, technical analysis indicators flash a “Strong Sell” warning.
The company has surpassed adjusted earnings per share expectations in seven of its last eight reporting periods while exceeding revenue forecasts just once during that timeframe.
The post GameStop (GME) Stock: Should You Invest Ahead of Tuesday’s Q2 Earnings Release? appeared first on Blockonomi.

Key Takeaways
Dell Technologies delivered second-quarter revenue of $46.97 billion, representing a 58% year-over-year increase and exceeding analyst projections of $44.89 billion
Non-GAAP earnings per share reached $7.04, significantly surpassing the Street’s $4.91 expectation
The company’s AI server order book climbed to $61 billion, bringing the cumulative AI backlog to roughly $95 billion
Management elevated fiscal 2027 revenue projections to around $192 billion while boosting non-GAAP EPS outlook to $25.50
Wall Street firms responded with upgraded price objectives, led by JPMorgan’s $635 target and Mizuho’s $600 forecast, maintaining a consensus “Moderate Buy” stance
Shares of Dell Technologies (DELL) climbed approximately 7% during the trading session following the release of exceptionally robust quarterly results. The stock peaked at $534.99 before stabilizing near $525.66, accompanied by trading volume that exceeded typical daily levels by roughly 30%.
The computing giant reported July-quarter sales totaling $46.97 billion, marking a 57.7% annual expansion that handily surpassed the $44.89 billion consensus projection. Non-GAAP earnings per share of $7.04 demolished expectations by more than $2.00, compared to the anticipated $4.91.
Performance proved strong throughout the organization. Traditional Server and Networking revenue skyrocketed 122%, AI-focused servers doubled year-over-year, Storage divisions advanced 26%, and the Client Solutions Group (CSG) representing PCs expanded 20%.
Massive AI Pipeline Commands Wall Street Attention
Dell’s AI server segment generated $16.4 billion in quarterly revenue. Fresh AI server commitments totaled $61 billion during the period, elevating the company’s comprehensive AI pipeline to approximately $95 billion. While this figure has captured significant investor interest, certain analysts are emphasizing the profitability associated with fulfilling these commitments rather than the raw backlog magnitude.
The Infrastructure Solutions Group (ISG) achieved margins of 15%, representing a 630-basis-point improvement from the previous year. Storage business performance contributed meaningfully to this margin enhancement.
Evercore ISI withdrew Dell from its Tactical Outperform roster after the substantial price appreciation, though the firm maintained the stock as a Top Pick with an Outperform designation and $575 price objective. Analysts highlighted ongoing supply limitations, which they view as favorable for sustained expansion.
Forward Outlook Receives Substantial Upgrade
Dell increased its fiscal 2027 revenue forecast to approximately $192 billion, suggesting roughly 70% annual growth. The enterprise also boosted its non-GAAP earnings per share projection to around $25.50, a significant jump from the previous $17.90 estimate.
For the third quarter of fiscal 2027, management established EPS guidance at $6.50.
Multiple Wall Street research teams elevated their valuation benchmarks following the announcement. JPMorgan pushed its price target to $635. Mizuho advanced its objective to $600 while reaffirming an Outperform recommendation. Raymond James established a $617 target. Goldman Sachs similarly increased its forecast, pointing to robust AI server demand and expanding profitability. Morgan Stanley and TD Cowen maintained positive perspectives.
Deutsche Bank launched coverage with a Hold recommendation and $480 price target, representing the primary conservative stance among leading financial institutions.
Aggregate analyst sentiment across 36 firms registers as “Moderate Buy,” featuring an average price objective of $553.79. The breakdown includes one Strong Buy rating, 26 Buy recommendations, and nine Hold assessments.
Regarding insider activity, director-level entities divested shares valued at over $58 million throughout July at approximately $453 per share. Institutional ownership currently represents 76.37% of outstanding shares.
The company additionally announced a quarterly cash distribution of $0.63 per share, scheduled for payment on October 30 to shareholders of record as of October 20.
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Key Takeaways
Rocket Lab shares have declined 8% year-to-date, currently priced at $64.26, significantly below the 12-month peak of $151.00
Analysts continue to rate the stock as a Strong Buy, with a consensus price target of $108.88 suggesting 69% potential gains
Cantor Fitzgerald upgraded its target to $122, highlighting strong Q2 performance and Neutron development staying on schedule
Bank of America adjusted its target downward to $110 from $115 while maintaining a Buy rating, emphasizing the $2.36 billion order backlog
The Saudi Central Bank increased its RKLB holdings by over 100% in Q2, while ARK Invest added more than 705,000 shares in recent trades
Shares of Rocket Lab (RKLB) began Monday’s session at $64.26, representing an approximate 8% decline from the beginning of the year. The aerospace company has experienced a steep 49% correction over the last three months, trading substantially below its 12-month peak of $151.00.
However, the recent price decline hasn’t shaken analyst confidence. The Street maintains a Strong Buy rating on RKLB, supported by 13 Buy recommendations and four Hold ratings. With an average analyst price target sitting at $108.88, the stock carries an implied upside of approximately 69%.
Among recent updates, Cantor Fitzgerald’s Andres Sheppard elevated his price objective to $122 from $96 while reiterating a Buy stance. Sheppard highlighted robust second-quarter revenue performance and the company’s reassurance that its Neutron rocket program continues to progress according to plan for a debut launch in the latter part of this year.
Sheppard characterized Rocket Lab’s proposed Iridium merger as “transformational,” projecting the combined entity will achieve double the annual revenue following transaction completion.
Neutron Program Serves as Primary Growth Driver
The Neutron rocket platform represents the cornerstone of Rocket Lab‘s expansion strategy. This reusable medium-lift launch system is designed to position the company in a substantially broader market segment compared to its existing Electron vehicle.
Nevertheless, execution risk remains present. Industry reports indicate the inaugural Neutron launch might be postponed until 2027, potentially delaying significant revenue generation. Bank of America’s Ronald Epstein identified the development schedule as “a key aspect to watch,” acknowledging that while a Q4 2026 demonstration mission remains feasible, the timeline presents challenges.
Epstein revised his price objective to $110 from $115, adjusting for increased share dilution, while maintaining his Buy recommendation. He emphasized Rocket Lab’s “strong positioning across launch and space systems capabilities” alongside the company’s $2.36 billion contract backlog, encompassing over 90 scheduled launches.
Institutional Investors Increase Positions
From an institutional perspective, the Saudi Central Bank substantially expanded its RKLB investment during Q2, purchasing an additional 18,670 shares to reach a total position of 36,415 shares, representing approximately $3.7 million in value. Meanwhile, ARK Invest accumulated more than 705,000 shares through two separate recent transactions.
Institutional investors and hedge funds collectively control 71.78% of outstanding RKLB shares.
This institutional accumulation stands in contrast to insider activity. CFO Adam Spice divested 140,157 shares on September 2nd at an average price of $62.63, generating proceeds of approximately $8.78 million. The sale was conducted pursuant to a pre-established Rule 10b5-1 trading arrangement.
During the second quarter, Rocket Lab delivered revenue of $234.07 million, surpassing analyst expectations of $231.62 million. However, EPS of -$0.08 fell short of the -$0.06 consensus forecast. The company continues to operate at a loss, with full-year EPS projections at -$0.20.
A potentially favorable development emerged last week when Planet Labs highlighted increasing capacity constraints in SpaceX’s rideshare program, which may redirect additional customers to competing launch service providers such as Rocket Lab.
The company recently completed its 94th successful orbital mission and maintains a manifest of 16 confirmed launches extending through 2030.
The post Rocket Lab (RKLB) Stock Tumbles 49% in 3 Months—Why Wall Street Sees 69% Upside Ahead appeared first on Blockonomi.

Key Takeaways
Pershing Square Capital completely liquidated its Alphabet position during Q2 while simultaneously establishing a fresh stake in Netflix.
Netflix shares currently trade at $78.25, representing a 42% decline from the June 2025 peak of $126.71.
For the first time in its history as a publicly traded entity, Alphabet posted negative free cash flow and announced plans to boost 2026 capital expenditures to $200 billion.
Analysts maintain a “Moderate Buy” rating on Netflix with a mean price objective of $96.65.
Following a 52-week low in August, Netflix rallied 13%, with institutional ownership representing approximately 81% of outstanding shares.
During the second quarter, Bill Ackman’s Pershing Square executed a significant portfolio realignment, completely exiting its Alphabet holdings while simultaneously initiating a position in Netflix. This strategic shift provides insight into where the prominent hedge fund manager believes opportunity currently exists.
Shares of Netflix started Friday’s session at $82.67 and are now changing hands at $78.25, marking a substantial 42% retreat from the June 2025 all-time high of $126.71. The stock touched a 12-month floor at $65.08. Notwithstanding this significant drawdown, Ackman apparently views current valuations as compelling.
The streaming giant faced selling pressure following unsuccessful acquisition attempts for both Warner Bros. Discovery and Roku, sparking investor doubts about future expansion potential. However, the underlying business metrics remain robust. Netflix maintains its dominant position across all subscription streaming platforms in key metrics including monthly active users, total revenue, subscriber retention rates, and television viewing duration.
During its latest quarterly report, Netflix delivered earnings per share of $0.80, exceeding analyst projections by a penny. Revenues reached $12.56 billion, reflecting 13.4% annual growth. The company maintains a net profit margin of 28.22% alongside a return on equity of 40.02%.
Wall Street analysts project earnings growth of 21% per year through the next three-year period. With a price-to-earnings ratio hovering around 24.7, the valuation appears attractive relative to anticipated expansion. The consensus analyst target of $96.65 suggests approximately 24% potential appreciation from present levels.
NEOS Investment Management expanded its Netflix stake by 10.2% during Q2, purchasing an additional 300,145 shares for a combined position worth approximately $230.6 million. Institutional shareholders collectively control roughly 80.93% of outstanding shares.
Wall Street Price Targets and Ratings
Wolfe Research upgraded its price objective from $84 to $95 while maintaining an “outperform” designation. Morgan Stanley reaffirmed its “overweight” stance with a $90 target, and UBS continues rating the stock “buy” with a $115 price objective. Conversely, China Renaissance reduced its target to $80 alongside a “hold” rating, while Seaport Research Partners moved from “buy” to “neutral.”
The aggregate analyst consensus stands at “Moderate Buy” comprising 4 Strong Buy ratings, 34 Buy recommendations, 16 Hold ratings, and 1 Sell opinion.
The Catalyst Behind Ackman’s Alphabet Exit
Alphabet delivered impressive Q2 results on the surface. Total revenue climbed 24% to reach $120 billion, while GAAP operating income expanded 31% to $41 billion. Google Cloud revenue soared 82%, marking the fifth straight quarter of accelerating growth.
However, a significant warning signal emerged in the cash flow statement. Alphabet generated negative free cash flow for the first time since becoming a public company. Additionally, management elevated full-year capital expenditure guidance to $200 billion, a dramatic increase from last year’s $91 billion. Such aggressive spending naturally prompts concerns, and Ackman evidently chose not to remain invested while those questions get resolved.
Alphabet shares declined following the Q2 earnings release and remained approximately 2% below pre-announcement levels as of September 4.
Netflix shares appreciated roughly 13% throughout August after reaching their 52-week low point. The stock’s 50-day moving average currently sits at $75.43, while the 200-day moving average stands at $84.44.
The post Bill Ackman Dumps Alphabet (GOOGL) for Netflix (NFLX): Here’s Why appeared first on Blockonomi.

TLDR
Micron shares jumped 6.1% to finish at $1,016.59 on Friday, breaking back above the $1,000 threshold for the first time since mid-August.
Memory chip competitors SK Hynix and Samsung posted gains of 8.3% and 5.7% in Monday’s South Korean session.
The company is scheduled to release fiscal Q4 results on September 30, with analysts forecasting revenue to climb to $50.41 billion from $11.32 billion year-over-year.
Consensus estimates call for adjusted EPS of $30.89, a massive increase from $2.84 in the prior-year quarter.
Company executives have indicated the memory chip supply crunch will persist beyond 2027, supporting continued pricing power.
Micron Technology (MU) finished Friday’s session at $1,016.59, posting a 6.1% gain and recrossing the $1,000 level for the first time since August 17. The rally comes just days before the company’s fiscal fourth-quarter results are due on September 30.
While U.S. exchanges observed Labor Day on Monday, trading in Asia reflected bullish sentiment across the memory chip sector. SK Hynix and Samsung Electronics, two major competitors of Micron, advanced 8.3% and 5.7% respectively during Monday’s South Korean session, suggesting industry-wide optimism.
The semiconductor giant has delivered extraordinary returns, with shares climbing nearly 700% over the trailing 12-month period. At current levels, the stock trades at approximately 6 times forward earnings, a valuation that appears attractive at first glance.
However, this compressed multiple reflects significant uncertainty. Investors remain wary about memory chip pricing dynamics once additional manufacturing capacity becomes operational in late 2027 and 2028. This potential shift in supply-demand balance is tempering enthusiasm despite strong near-term fundamentals.
Analyst Expectations for September 30 Results
The Street is anticipating blockbuster financial results. Consensus estimates compiled by FactSet point to fiscal fourth-quarter revenue of $50.41 billion, representing a dramatic increase from $11.32 billion reported in the comparable period last year.
On the earnings front, adjusted EPS is expected to reach $30.89, soaring from $2.84 in the year-ago quarter. Such figures would represent one of the most dramatic year-over-year improvements in the company’s recent history.
The primary catalyst behind these projections is the persistent shortage of memory chips. AI infrastructure developers have absorbed all available capacity, with demand continuing to outpace supply as hyperscalers expand their data center footprints.
During its Q3 report, Micron’s leadership team stated they don’t anticipate relief from supply constraints until sometime after 2027. This extended timeline provides the company with substantial pricing leverage throughout the intermediate term.
Capacity Expansion Timeline Extends Into 2027 and Beyond
While Micron is investing in additional manufacturing capacity, these facilities won’t become operational until late 2027 at the earliest. Even when production begins, questions remain about whether the added supply will satisfy explosive AI-driven demand or create an oversupply scenario.
This ambiguity surrounding future supply-demand dynamics explains why shares trade at such a modest forward earnings multiple despite the robust earnings trajectory.
Barron’s has previously suggested the stock could potentially double from the $1,100 range. With shares currently trading below that level, this bullish thesis remains in play for optimistic investors.
Investors will get concrete updates when the company reports on September 30. In recent quarters, Micron has repeatedly exceeded expectations, and Wall Street consensus suggests this pattern will continue.
Friday’s closing price of $1,016.59 falls within a 52-week trading range spanning from $128.40 to $1,255.00.
The post Micron (MU) Stock Reclaims Four-Figure Territory — Earnings Could Fuel Further Rally appeared first on Blockonomi.

Key Takeaways
Jefferies has identified NexGen Energy, Cameco, and BWX Technologies as leading nuclear sector investments with immediate growth potential
Cameco operates two of the globe’s most productive uranium facilities and maintains a significant 49% ownership in Westinghouse Electric
BWX Technologies maintains exclusive status as the only commercial nuclear reactor and fuel supplier for U.S. Navy vessels
Westinghouse submitted a private IPO filing to the SEC on July 31, potentially creating additional shareholder value for Cameco
BWX Technologies announced $1.4 billion in naval propulsion deals in May 2026 while simultaneously increasing production capabilities
Nuclear energy is experiencing renewed investor interest. Investment bank Jefferies has published its preferred selections within the industry, highlighting uranium producers and nuclear service providers with favorable near-term prospects. Below is an in-depth examination of three leading recommendations.
NexGen Energy: Premium Canadian Uranium Development
Jefferies places NexGen Energy at the forefront of uranium mining companies for immediate investment consideration. The organization is advancing the Rook I uranium development in Canada’s Athabasca Basin, recognized globally as one of the richest uranium-bearing geological formations.
Currently, the company hasn’t commenced uranium extraction, presenting both investment challenges and potential upside. Critical milestones encompass regulatory approvals, project funding arrangements, and development advancement at Rook I.
During the second quarter of 2026, NexGen disclosed a quarterly loss that came in better than analyst expectations. The organization also verified ongoing strategic conversations with BHP regarding the Rook I development, potentially drawing additional corporate partnerships.
Global utilities from Western nations are actively pursuing reliable, extended-term uranium procurement agreements. NexGen’s Canadian operational base combined with exceptional ore quality positions the company advantageously to fulfill this growing requirement as production nears commencement.
Primary concerns involve schedule execution and capital expenditures. Development setbacks, regulatory complications, or escalating construction expenses could compromise the investment thesis. Market participants are fundamentally wagering on prospective production rather than existing operations.
Cameco: Comprehensive Uranium and Nuclear Solutions Provider
Cameco occupies the second position in Jefferies’ rankings and delivers more comprehensive nuclear fuel cycle participation than standalone mining operations. Its Cigar Lake and McArthur River facilities represented the planet’s two most productive uranium operations according to 2023 data.
During the previous year, Cameco extracted 19 million pounds of uranium from Cigar Lake alongside 15 million pounds from McArthur River. These premium-grade operations enable the corporation to maintain production economics superior to industry peers.
Additionally, Cameco possesses a 49% ownership position in Westinghouse Electric, a global nuclear reactor design and maintenance provider. On July 31, Westinghouse submitted a confidential Form S-1 filing with the SEC regarding a prospective public offering, potentially establishing transparent market valuation for Cameco’s investment.
Presently, Westinghouse operates six AP1000 reactors internationally, with 14 additional units under development in China and five more contracted for Poland and Bulgaria. On June 24, the U.S. Department of Energy authorized $17.5 billion in financing mechanisms to support 10 large-capacity AP1000 reactors domestically.
Financial analysts forecast Cameco’s per-share earnings will increase 69% during 2027 followed by an additional 26% expansion in 2028. The corporation has secured annual uranium delivery commitments exceeding 28 million pounds for the upcoming five-year period.
BWX Technologies: Exclusive Naval Nuclear Solutions Provider
BWX Technologies maintains a distinctive market position within the nuclear industry. It operates as the sole commercial entity authorized by the Nuclear Regulatory Commission to manufacture highly enriched uranium fuel for U.S. Navy submarine fleets and surface vessels.
Throughout seven decades, the company has supplied 420 nuclear reactor cores to the U.S. Naval Nuclear Propulsion Program. This operational history combined with exclusive regulatory authorization establishes a virtual monopoly position within an essential defense infrastructure segment.
On May 7, BWX Technologies announced naval propulsion agreements totaling $1.4 billion. On July 6, the company finalized its acquisition of Precision Components Group, incorporating an additional 500,000 square feet of production facilities.
Current share prices represent approximately 33% below the 52-week peak of $241, established on April 16. Jefferies characterizes the company as a defense and nuclear manufacturing growth story with expansion catalysts in microreactor technology, advanced fuel systems, and small modular reactor components.
The post Jefferies Highlights Three Leading Nuclear Energy Stocks for September 2026 appeared first on Blockonomi.

Key Takeaways
The Big Short investor Michael Burry predicts Palantir’s ~$432 billion valuation could drop beneath $100 billion
Burry highlights that Palantir’s 32% deferred revenue ratio resembles consulting giant Accenture rather than software companies like Salesforce
A single client accounts for 27% of Palantir’s $1.49 billion accounts receivable while representing under 10% of total revenue
Following Burry’s September 2 post, PLTR dropped 6% before rebounding 7.7% on news of an expanded PwC AI collaboration
The company delivered 93% year-over-year revenue expansion in its most recent quarter and increased annual projections
The famed investor Michael Burry has reignited his skeptical stance on Palantir Technologies (PLTR). On September 2, Burry revived his bearish thesis, suggesting the data analytics company’s approximately $432 billion market capitalization could ultimately decline to less than $100 billion.
Such a decline would represent a staggering 75% decrease from present price levels.
Burry’s critique doesn’t allege any fraudulent activity. All data points he references originate from Palantir’s official regulatory disclosures. His position centers on business classification: he contends that Palantir generates and captures revenue in a manner comparable to consulting organizations rather than software enterprises, and consequently shouldn’t command software-level valuations.
Shares of Palantir are currently trading near $174, declining over 4% at the time of publication.
The Consultant Business Model Comparison
The foundation of Burry’s thesis rests on Palantir’s deferred revenue metrics. Traditional software enterprises like Salesforce commonly invoice clients in advance, generating substantial deferred revenue positions. Salesforce maintains deferred revenue exceeding 150% of its quarterly sales figures.
In contrast, Palantir’s deferred revenue stands at approximately $613 million, representing just 32% of its $1.94 billion Q2 revenue. Meanwhile, Accenture, the professional services behemoth, operates at roughly 40%. Even when incorporating Palantir’s customer deposit balances, the combined figure only reaches about 55%.
According to Burry, this payment structure indicates Palantir functions more like a consultancy than a software platform. Palantir has openly stated it’s transitioning away from multi-year upfront contracts toward annual or arrears payment terms. While this represents a valid strategic choice, it’s precisely the revenue model consulting organizations employ.
Accounts Receivable Concerns
Burry additionally spotlights Palantir’s expanding accounts receivable position. Receivables climbed to $1.49 billion by June’s conclusion, rising from $1.04 billion at 2025’s close. This represents 43% expansion over six months, surpassing the 38% revenue growth during the identical period.
Even more noteworthy: one client, designated only as Customer I, comprises 27% of aggregate receivables. This translates to approximately $400 million outstanding from a single customer. However, no individual client represented more than 10% of revenue during the year’s first half.
Such concentration proves atypical for software businesses. Burry has characterized this as potential indication of diminishing negotiating leverage or revenue acceleration tactics, though Palantir hasn’t directly responded to these particular assertions.
He’s additionally pointed to CEO Alex Karp’s private aviation expenditures and the company abandoning a substantial authorized stock repurchase program after executing only a minimal portion.
Impressive Performance Amid Criticism
Burry’s critique arrives during a period of remarkable company performance. Palantir reported 93% revenue expansion year-over-year in its latest quarter. Domestic commercial revenue accelerated even more dramatically. Operating cash flow more than doubled during the first six months to $2.1 billion. Management elevated full-year expectations.
Market reaction demonstrated this disconnect immediately. After declining nearly 6% on September 2 following Burry’s commentary, PLTR surged 7.7% the subsequent trading day when Palantir unveiled an enhanced enterprise AI collaboration with PwC. The company maintains comparable strategic relationships with Deloitte and Accenture.
Burry has maintained Palantir put options dating back to at least last autumn. He initially labeled the stock a “sand castle” in June, reinforced his position in August, and continues holding bearish options contracts presently.
Throughout August, PLTR skyrocketed 51.4% even as Burry expanded his short position.
The post Michael Burry Predicts 75% Crash for Palantir (PLTR) Stock appeared first on Blockonomi.

Key Highlights
As of July 26, Nvidia’s equity investments reached $99 billion with an additional $25 billion in future commitments
Public equity holdings decreased from $63.44 billion to $46.43 billion by early September, primarily driven by Intel’s stock performance
The company’s private investment portfolio is valued at approximately $48 billion, with OpenAI and Anthropic representing the largest allocations
Nvidia deployed $30 billion into OpenAI when the company carried a $730 billion valuation and committed as much as $10 billion to Anthropic
Wall Street analysts assign a “Moderate Buy” rating with a consensus price target of $324.83
Nvidia stock began Monday’s trading session at $230.36, hovering close to its 52-week peak of $236.54, as new information surfaces regarding the unprecedented scale of its investment activities.
According to disclosures dated July 26, Nvidia maintains $99 billion in equity investments alongside $25 billion earmarked for future equity commitments. This positioning establishes the semiconductor giant as an unparalleled force in AI capital deployment.
Examining publicly traded holdings, Nvidia’s most recent comprehensive filing from June 30 showed listed equity positions valued at $63.44 billion. By early September, that amount had contracted to $46.43 billion, based on data from Dow Jones Market Data.
Intel bore the brunt of this reduction. Nvidia’s position in the embattled semiconductor competitor contracted from approximately $30 billion down to roughly $19 billion during this timeframe.
Additional publicly disclosed positions span CoreWeave, SpaceX, Coherent, Nokia, Synopsys, Nebius, and Generate Biomedicines. The portfolio also encompasses warrants and convertible securities in companies like Corning, IREN, Marvell, Lumentum, and MediaTek, collectively worth billions.
The Private Investment Portfolio Reveals Strategic Priorities
Nvidia’s private investment activities paint an even more compelling picture. FactSet data indicates the company maintains 163 active private investments, collectively valued at approximately $48 billion as of July 26.
The crown jewels are undoubtedly OpenAI and Anthropic. In February, Nvidia deployed $30 billion into OpenAI when the artificial intelligence leader carried a $730 billion valuation. The company also pledged up to $10 billion toward Anthropic, which was valued around $350 billion during the transaction.
These valuations may soon undergo dramatic transformations. The Wall Street Journal reports that Anthropic is pursuing a valuation approaching $2 trillion in upcoming fundraising rounds. OpenAI is anticipated to seek a comparable valuation.
The investment spree extends well beyond these flagship positions. Nvidia reportedly allocated $5 billion to Safe Superintelligence, the venture launched by Ilya Sutskever, OpenAI’s former chief scientist. Additional commitments include $1 billion to Poolside, approximately $800 million to Reflection AI, and a recently announced $1.5 billion investment in SB Energy.
Wall Street Maintains Optimistic Outlook
From an operational perspective, Nvidia delivered quarterly revenue of $96.22 billion in its latest reporting period, representing a 105.9% year-over-year surge. Earnings per share reached $2.22, surpassing the analyst consensus of $2.09.
Analyst perspectives continue skewing positive. Sanford C. Bernstein elevated its price objective to $400. Bank of America maintains a $350 target. The aggregate view from 55 analysts establishes a “Moderate Buy” rating with an average price target of $324.83.
Institutional ownership stands at 65.27% of outstanding NVDA shares. Venturi Wealth Management expanded its position by 15,227 shares during Q2, elevating its total holdings to 340,034 shares valued at approximately $68 million.
Regarding insider transactions, Director Mark Stevens divested 885,000 shares in June at an average price of $210.17. EVP Timothy Teter sold 30,000 shares on August 31 at $217.88 through a pre-established 10b5-1 trading arrangement.
Nvidia’s board has authorized an $80 billion share buyback program. The company will distribute a quarterly dividend of $0.25 per share on October 1, with a record date of September 10.
The post Nvidia (NVDA) Stock: A Deep Dive Into Its Massive $99B AI Investment Strategy appeared first on Blockonomi.

TLDR
Bitcoin failed to hold above $80,000 after reaching about $80,500 on Monday.
BTC recovered above $79,000, while its market capitalization stayed near $1.6 trillion.
Ethereum remained below $2,500, while XRP traded close to the $1.40 support level.
Pi Network stayed above $0.09 and tested resistance near $0.095.
LINK gained about 9%, while TAO advanced roughly 14% to $267.
Bitcoin traded near $79,000 on Monday after another failed attempt to break above $80,000. The wider crypto market stayed mostly flat, while several altcoins posted strong gains. Pi Network also remained in focus as its native token held above key support and tested nearby resistance. Bitcoin’s repeated failures near resistance kept attention on short-term price levels as traders assessed mixed moves across major cryptocurrencies and stronger performances among selected tokens.
Bitcoin Faces Another Rejection Above $80,000
Bitcoin climbed to about $80,500 on Monday morning before sellers pushed the price below $79,000. It later recovered slightly and moved back above that level. The asset’s market value stayed near $1.6 trillion.
Bitcoin has struggled to hold gains above $80,000 since late August. It fell below $77,000 after a hawkish speech from Kevin Warsh and later dropped to around $76,400 in early September. Buyers then drove BTC to $82,400 on Thursday before another pullback followed Friday’s strong U.S. jobs report.
Ethereum price remained below $2,500 as large-cap altcoins recorded small daily losses. BNB slipped under $750, while XRP stayed close to the $1.40 support area. The broader market showed limited movement despite Bitcoin’s volatility. Total crypto market capitalization stayed near $2.71 trillion, keeping the market close to Sunday’s level.
LINK, TAO and WLD Lead Gains
Several larger altcoins moved higher during the session. Chainlink gained about 9% and traded above $13. TAO rose around 14% to $267, while Mantle advanced 7.5% to about $0.635.
Internet Computer gained 12.6%, and Worldcoin rose more than 14.5%. Arbitrum moved in the opposite direction after failing near $0.20. ARB then traded around 13% below its Sunday peak.
Pi Network Tests Key Resistance Level
Pi Network’s native token stayed above the $0.09 support level during Monday trading. The token also approached the $0.095 resistance area but remained slightly below it at the time of reporting.
Pi Network continues to trade within a narrow range while other altcoins show sharper daily moves. Traders are watching whether the token can hold above $0.09 and test $0.095 again. A move beyond that area would place attention on the next price zone, while a drop below support could return focus to recent lows.
The post Pi Network Near Resistance as Bitcoin Price Retreats appeared first on Blockonomi.

TLDR
DBS and Citi completed a weekend U.S. dollar payment between Singapore and New York using tokenized deposits through SWIFT’s Digital Ledger.
The September 5 transaction settled within minutes, compared with up to two business days for some traditional cross-border payments.
The test showed that tokenized deposits can support USD transfers outside normal banking hours, including weekends and across time zones.
Citi joined Swift’s 24/7 tokenized deposit payment pilot in July and is also working on a U.S. tokenized deposit network.
DBS has expanded its blockchain banking services since 2024 and is part of Swift’s 12-bank digital ledger core design group.
DBS and Citi have completed a weekend U.S. dollar payment between Singapore and the United States using tokenized deposits through SWIFT’s Digital Ledger. The transaction took place on September 5 and settled within minutes, according to DBS. The test marks a new step in banks’ efforts to support faster cross-border settlement beyond standard operating schedules.
DBS and Citi Test Tokenized Deposits
DBS said the payment moved between the Singapore-based bank and Citi’s New York office outside normal banking hours. Traditional cross-border dollar payments can take up to two business days when weekends and time zones interrupt settlement. The use of tokenized deposits allowed the banks to complete the payment without waiting for the next business day.
The banks used SWIFT’s Digital Ledger to complete the transfer. The test showed that institutions can move U.S. dollars during periods when conventional payment systems may not process transactions.
DBS said the transaction removed delays linked to weekends and different operating hours. The service targets companies that need faster access to funds across several markets, including e-commerce and digital service businesses.
Rachel Chew, Group Chief Operating Officer at DBS, said the project shows tokenized money moving from trials toward practical use. She said the work supports a more connected and always-available financial system. The bank also linked the test to wider efforts to modernize cross-border payments.
Citi Expands Digital Payment Work
Citi joined Swift’s pilot for round-the-clock cross-border payments with tokenized deposits in July. The bank has said its technology can support near-instant transfers across selected markets where the service operates.
Citi also belongs to a group of major U.S. banks working on a tokenized deposit network through The Clearing House. The group is targeting a launch during the first half of 2027.
DBS has expanded its blockchain-based banking services since launching a digital banking suite in 2024. The offering includes DBS Treasury Tokens, which the bank designed to help corporate clients manage liquidity and move funds.
The bank also holds a role in SWIFT’s digital ledger development work. DBS is the only Asian-headquartered institution in SWIFT’s 12-bank core design group, which is helping shape the ledger used for tokenized payments across global markets.
The post Citi, DBS Push Tokenized Deposits Further appeared first on Blockonomi.

TLDR
TTE stock slips as Papua LNG cuts project costs to $14B before final approval.
Papua LNG completes EPC tendering after securing nearly $4B in project savings.
ExxonMobil takes Papua LNG operatorship as TotalEnergies reduces its project stake.
TotalEnergies keeps 20% of Papua LNG while retaining its planned LNG offtake share.
New LNG marketing and offtake deals strengthen Papua LNG’s path toward financing.
TotalEnergies (TTE ) shares ended Monday lower as Papua LNG advanced several commercial steps toward a final investment decision. TTE closed at $88.59, down 0.74%, before slipping 0.38% after hours to $88.25. The project also reduced planned capital spending to about $14 billion after major design and bidding changes.
TotalEnergies SE, TTE
Papua LNG Cuts Costs and Completes EPC Tendering
Papua LNG has completed its engineering, procurement, and construction tendering process after a broad review of project costs. The project team has prepared contract award recommendations, which now require approval from the participating joint venture partners. Since 2024, design changes and renewed bidding have generated close to $4 billion in estimated savings.
TotalEnergies said the savings came from project optimization and a wider group of Asian engineering and construction bidders. The partners also developed an alternative condensate plan that can use existing links with the nearby PNG LNG project. These measures lowered estimated Papua LNG capital expenditure to around $14 billion from earlier project assumptions.
The updated cost structure also supported changes to the existing gas agreement with Papua New Guinea’s government. The revised agreement reflects the lower project budget while protecting long-term fiscal returns for the state. It also aims to maintain stronger project economics during periods of weaker LNG market conditions.
ExxonMobil Takes Operatorship as TotalEnergies Reduces Stake
The Papua LNG partners agreed to transfer project operatorship from TotalEnergies to ExxonMobil to increase operating synergies. Both companies will manage the transition while maintaining ongoing project work and existing commitments in Papua New Guinea. The change will connect Papua LNG more closely with ExxonMobil’s existing PNG LNG operations during construction and production.
TotalEnergies will also sell a 9.1% project interest to existing Papua LNG partners after the state back-in process. The company will retain a 20% stake after completing the transaction and related ownership adjustments. However, TotalEnergies will keep its existing LNG offtake share despite reducing its direct equity position.
After the changes, ExxonMobil will hold 34.1% and operate the project, while Santos will own 21.0%. ENEOS Xplora will hold 2.4%, while Kumul Petroleum and MRDC will jointly control 22.5%. The final ownership structure also leaves TotalEnergies with its planned 20% interest in Papua LNG.
LNG Marketing Deals Support Financing and Asian Supply
TotalEnergies and Papua New Guinea state-linked entities also formed a joint venture to market Papua LNG production. The venture will commercialize 2.4 million tonnes annually from the project’s expected 5.6 million tonnes annual output. This structure aims to strengthen project financing by creating a defined marketing channel for a large production share.
TotalEnergies also signed an offtake heads of agreement with the new LNG marketing joint venture. The arrangement gives TotalEnergies access to 1.5 million tonnes of LNG annually for its global portfolio. That volume supports the company’s supply position across Asian markets where long-term gas demand remains significant.
Papua LNG still requires a final investment decision before full project development can move forward. However, the completed tendering, revised gas agreement, ownership changes, and marketing deals remove several major commercial hurdles. For TTE stock, the latest project progress contrasts with Monday’s modest decline in regular and after-hours trading.

The post TotalEnergies SE (TTE) Stock: Drops as Papua LNG Milestones Bring $14B Project Closer to Final Investment Decision appeared first on Blockonomi.

Quick Summary
European equity markets declined on Monday following military confrontations between U.S. and Iranian forces near the Strait of Hormuz, sending Brent crude prices beyond the $90 per barrel threshold
Tehran announced intentions to establish a restricted military zone in the vicinity of Hormuz following weekend U.S. military operations targeting three Iranian oil vessels
Market participants anticipate a 25 basis point rate increase from the ECB on Thursday, while Deutsche Bank projects an additional hike in December
Novartis shares declined more than 3% following disappointing results from a high-profile clinical trial of its cholesterol medication
Upcoming U.S. inflation data this week will prove critical in determining Federal Reserve policy direction for the September meeting
European stocks commenced the trading week with downward momentum Monday as escalating military tensions between Washington and Tehran disrupted energy markets while market participants braced for the European Central Bank’s upcoming policy announcement.
The continent-wide STOXX 600 index fluctuated between modest advances and declines, remaining close to recent multi-week lows. Germany’s benchmark DAX index retreated 0.3% while France’s CAC 40 similarly traded in negative territory.
EURO STOXX 50 I (^STOXX50E)
Switzerland’s primary equity benchmark declined 1.2%, weighed down predominantly by pharmaceutical giant Novartis, which shed more than 3% following unsuccessful results from a highly anticipated clinical trial of its experimental cholesterol treatment.
Energy Prices Jump on Persian Gulf Security Concerns
Brent crude oil advanced more than $1 per barrel during Monday trading, building on a nearly 10% rally from the previous week to maintain levels firmly above $90.
The price surge followed weekend U.S. military strikes that disabled three Iranian oil tankers. The Pentagon characterized the operations as a response to an Islamic Revolutionary Guard Corps ballistic missile assault on two U.S. Navy vessels operating in the area.
Tehran’s response included announcements of plans to establish a restricted military zone beyond the Strait of Hormuz in the coming days.
Approximately 20% of the world’s seaborne oil and natural gas passes through the Strait of Hormuz. Supply disruptions in this critical waterway heighten the potential for elevated energy expenses to contribute to broader inflationary pressures.
European energy sector equities provided one of the few positive performances, advancing 1.2% alongside rising crude prices.
Central Bank Policy Decision Approaches Thursday
Financial markets broadly anticipate the ECB will increase its benchmark interest rate by 25 basis points during Thursday’s policy deliberations. The move reflects Eurozone inflation’s acceleration to 3.3% in August, with energy component costs surging 14.3%.
Deutsche Bank analysts now forecast the ECB will complement the September adjustment with an additional quarter-point increase in December. Market pricing also indicates expectations for at least one further rate elevation in 2027.
Higher interest rate expectations have maintained German 10-year bond yields near multi-year peaks, creating headwinds for interest rate-sensitive industries including real estate and construction.
Germany’s domestic political landscape contributed additional uncertainty. The far-right AfD party secured 44% of votes in Saxony-Anhalt’s state elections during the weekend, representing a setback for Chancellor Friedrich Merz, despite the party’s failure to achieve an absolute majority.
Italy’s Lottomatica defied the broader trend, climbing 6.8% after releasing details regarding how its planned merger with Spanish counterpart Cirsa would expand its digital operations. Cirsa shares appreciated 7%.
Investor confidence throughout the Eurozone reached its strongest level in more than four years during September, according to survey results published Monday.
Market attention now shifts toward U.S. Consumer Price Index figures scheduled for release later this week. Stronger-than-expected inflation readings could solidify expectations for a Federal Reserve rate increase at its September 15-16 policy meeting, potentially intensifying pressure on global equity markets.
The post European Markets Decline as Hormuz Crisis Drives Oil Beyond $90 Amid Rate Hike Expectations appeared first on Blockonomi.

Key Takeaways
The carrier reduced its FY2027 passenger forecast to 214 million from 216 million to minimize unhedged fuel exposure during winter operations.
Shares have declined 23% year-to-date in 2026, mirroring widespread airline sector challenges amid climbing oil prices.
The company maintains 80% fuel hedging coverage for this fiscal year, providing significant cost protection versus competitors.
Citi analysts set a €31.50 price objective on the European-listed shares, representing 38% potential appreciation; Barclays assigns an Overweight rating with €28.50 target for 25% upside.
Current trading price of $55.36 represents a 6.7% discount to the GF Value assessment of $59.31.
The airline industry has faced considerable headwinds throughout 2026. The U.S. Global Jets ETF has retreated 13% since early July, coinciding with a 33% surge in Brent crude futures during the same timeframe. Ryanair’s American depositary receipts have similarly suffered, declining 15% this quarter and posting a 23% year-to-date loss.
Major U.S. carriers have experienced comparable declines. Southwest Airlines and American Airlines have both dropped over 20% since July began. United Airlines shares fell 18%, while Delta Air Lines declined 14%. Industry-wide pressures continue to mount.
The ADRs currently trade near $55.36, approximately 6.7% beneath the GF Value estimate of $59.31. This valuation gap suggests a modest safety cushion based on GuruFocus metrics.
The company recently revised its FY2027 passenger volume projection downward from 216 million to 214 million. Management cited the need to curtail exposure to unhedged fuel expenses during anticipated unprofitable winter scheduling.
Strategic Hedging Provides Competitive Buffer
Ryanair has secured 80% fuel hedging protection for the ongoing fiscal period. This positioning sharply contrasts with numerous industry peers.
CEO Michael O’Leary highlighted competitor difficulties with unit economics during the July fiscal Q1 earnings discussion. “Their costs are escalating wildly. And the cost gap between us is getting wider and wider,” O’Leary stated.
Management expressed concern that inadequately hedged competitors may face capacity reductions or potential market exits during the approaching winter season. Should smaller operators withdraw from routes, Ryanair would be positioned to capture displaced market share.
Citi analyst Conor Dwyer noted that winter pressures would disproportionately impact smaller carriers with compromised balance sheets and narrow profit margins. His €31.50 price target on the European-listed equity suggests 38% appreciation potential from Monday’s closing price.
Analyst Perspectives and Outlook
Barclays analyst Andrew Lobbenberg recognized that near-term sentiment may remain subdued. However, he emphasized: “For investors with long term time horizons, we think building a position in Ryanair is rational.”
Barclays maintains an Overweight rating alongside a €28.50 price objective, indicating 25% upside from Monday’s levels.
Beyond established cost efficiency advantages, Lobbenberg identified five strategic tailwinds: potential relaxation of European environmental regulations, expansion into holiday package services, increasing operational insourcing, pre-funding aircraft deliveries to enhance shareholder distributions, and CEO O’Leary’s compensation structure designed to maximize share price performance by July 2028.
The company earned a GF Score of 88 out of 100, featuring a financial strength rating of 9/10 and a perfect 10/10 valuation score. The balance sheet reflects minimal leverage with a debt-to-equity ratio of merely 0.02.
Current dividend yield stands at 1.62%, supported by a conservative 23% payout ratio. Dividend expansion has remained stagnant over the previous three-year period.
Institutional participation continues, with 9 premium gurus maintaining positions, though recent trading activity indicates net position reductions. Corporate insiders have liquidated approximately $3.4 million in stock during the trailing twelve months, with zero insider purchases recorded during this span.
The post Ryanair (RYAAY) Stock: How Strategic Fuel Hedging Creates Competitive Advantage Amid Industry Turbulence appeared first on Blockonomi.

TLDR
Semaglutide helped 40.4% of children move below the obesity threshold in STEP Young.
NVO stock fell 1.92% as Novo Nordisk reported positive STEP Young trial results.
STEP Young met its main goal with stronger BMI reductions than placebo at week 68.
No new safety concerns emerged for growth or puberty in the STEP Young trial.
Novo Nordisk will present STEP Young results at ObesityWeek 2026 in November.
Novo Nordisk (NVO) shares closed at $46.60, down 1.92%, while after-hours trading slipped to $46.55. The move followed new results from the company’s STEP Young phase 3 obesity trial. Semaglutide helped about 40% of treated children move below the study’s obesity classification threshold.
Novo Nordisk A/S, NVO
STEP Young Trial Meets Primary Endpoint
Novo Nordisk tested once-weekly semaglutide in children aged six to under 12 years with obesity. The trial paired treatment with a reduced-calorie diet and increased physical activity. Researchers compared semaglutide against placebo for 68 weeks and measured changes in body mass index.
The study met its primary endpoint after semaglutide produced a greater BMI reduction than placebo. At week 68, 40.4% of treated children no longer met the study’s obesity classification. Meanwhile, no children receiving placebo moved below the obesity threshold during the same period.
More than 85% of participants had class II or class III severe obesity at baseline. Researchers used CDC age-specific and sex-specific BMI growth charts to classify the children. Semaglutide moved many treated participants into normal-weight or overweight categories.
Trial Covers 165 Children Across Multiple Countries
STEP Young enrolled 165 children in a randomized, double-blind, placebo-controlled multinational phase 3 trial. Participants received semaglutide or placebo alongside diet changes and increased physical activity. Novo Nordisk used weight-based dosing, with maximum semaglutide doses of 1.7 mg or 2.4 mg.
The primary endpoint measured the percentage change in BMI from baseline through week 68. A secondary endpoint assessed whether children improved their BMI classification during treatment. Other endpoints covered cardiovascular risk factors, glucose metabolism, body measurements, and body composition.
Novo Nordisk designed STEP Young to meet post-marketing requirements for its semaglutide development program. The program follows earlier phase 3 studies involving adults and adolescents with obesity. Novo Nordisk will present detailed results at ObesityWeek 2026 in Washington from November 14 through November 17.
Safety Findings Match Earlier Semaglutide Studies
Novo Nordisk reported no new safety concerns during the STEP Young trial. The company said safety and tolerability matched earlier semaglutide and liraglutide studies. Researchers also identified no safety concerns involving growth or pubertal development.
Childhood obesity carries immediate and long-term risks for physical and mental health. The condition can increase cardiovascular risks and often continues into adulthood without effective treatment. Global estimates counted 177 million children aged five to 19 living with obesity in 2025.
That figure could reach 228 million by 2040, increasing demand for effective pediatric obesity treatments. Semaglutide could expand treatment options when lifestyle changes alone do not produce sufficient results. The STEP Young data strengthens Novo Nordisk’s pediatric obesity program as NVO shares remain under pressure.

The post Novo Nordisk A/S (NVO) Stock: Drops as Semaglutide Helps 40% of Children Exit Obesity Classification appeared first on Blockonomi.

Key Takeaways
Bloom Energy (BE) will enter the S&P 500 index, taking the place of Molson Coors Beverage during the quarterly index rebalancing scheduled for approximately September 21.
The Saudi Central Bank expanded its BE holdings by 127.9% during Q2, pushing total institutional ownership to 77.04% of outstanding shares.
Q2 financial results showed revenue reaching $1.07 billion, representing a 165.5% year-over-year increase, while EPS of $0.78 significantly exceeded the $0.39 analyst consensus.
Wall Street maintains a “Moderate Buy” consensus with an average price target of $248.05, despite recent target reductions from several research firms.
The company faces legal challenges through a securities class-action lawsuit claiming misrepresentation regarding Chinese export control exposure and U.S. tariff impacts.
Bloom Energy has earned its ticket to the S&P 500. The fuel cell technology provider will take over Molson Coors Beverage’s position in the benchmark index during the forthcoming quarterly reshuffling, with implementation anticipated around September 21. BE shares started Monday’s session at $252.84.
This index promotion exposes Bloom Energy to a significantly broader universe of passive investment capital and index-replicating funds, potentially generating continuous buying momentum as these vehicles adjust their portfolios to mirror the updated index structure.
Institutional appetite for the stock was accelerating even before this development. The Saudi Central Bank expanded its BE holdings by 127.9% during the second quarter, acquiring an additional 10,606 units to reach a total position of 18,899 shares valued at roughly $5.7 million. Multiple other institutional players also established fresh positions during this timeframe.
Institutional ownership currently stands at 77.04%, demonstrating the level of conviction professional investment managers have developed around Bloom Energy’s investment thesis.
Exceptional Quarterly Performance Supports Optimistic Outlook
The S&P 500 promotion follows impressive quarterly results. Bloom delivered Q2 revenue of $1.07 billion, substantially surpassing analyst projections of $826.13 million. This represents a 165.5% increase versus the comparable quarter in the prior year.
Earnings per share reached $0.78, comfortably beating the consensus forecast of $0.39. During the same period twelve months earlier, the company generated just $0.10 per share.
Looking forward, Bloom has established FY2026 EPS guidance between $2.55 and $2.85. The analyst community currently expects $1.92 EPS for the present fiscal year, indicating the company may be outpacing Street-wide projections.
The investment thesis hinges on artificial intelligence data center expansion. Power infrastructure bottlenecks are forcing data center operators to consider on-premises power generation alternatives, and Bloom’s solid oxide fuel cell technology is positioned as an attractive solution for this application.
Challenges and Headwinds Persist
Several cautionary signals warrant attention. Company insiders have divested 89,464 shares valued at $22.1 million across the past three months. This includes Board Director Jeffrey Immelt, who liquidated 30,000 shares at an average price of $238.91 in August, decreasing his stake by approximately 13%.
Legal proceedings also cloud the outlook. A securities class-action complaint is actively recruiting investors who acquired BE shares between February 27, 2025, and July 8, 2026. The litigation claims the company provided misleading information about its vulnerability to Chinese export restrictions and U.S. tariff policies. The lead-plaintiff filing deadline falls on September 28.
Wall Street sentiment varies considerably. BTIG maintains a buy recommendation with a $295 price objective. Susquehanna expresses optimism at $298. However, Wells Fargo reduced its target from $217 down to $176 while maintaining an equal weight stance, and Truist lowered its target from $250 to $218 with a hold rating.
The Street consensus settles at “Moderate Buy” with a $248.05 average price target. The stock has traded between $52.00 and $351.28 over the past 52 weeks and carries a beta of 3.80.
The post Bloom Energy (BE) Stock Surges 7% Following S&P 500 Index Addition Announcement appeared first on Blockonomi.

Key Takeaways
September 21 marks Nike’s departure from the S&P 100 index following an 18-year membership
Four technology companies—Dell, Palo Alto Networks, Arista Networks, and SanDisk—will fill positions vacated by Nike and three others
The athletic apparel giant’s market capitalization has dropped to approximately $57B, accompanied by stagnant fiscal 2026 revenue of $46.4B
Shares began Monday trading at $38.39, barely above the 52-week bottom of $37.95, while analysts maintain a “Hold” consensus with a $52.94 average target
Company insiders offloaded more than 26,000 shares during the past three months, and Washington Trust Advisors slashed its holdings by 49.4%
The athletic footwear and apparel powerhouse Nike (NKE) faces removal from the S&P 100 index effective September 21 during the quarterly rebalancing process. This decision terminates nearly two decades of inclusion for the globally recognized brand.
On Monday, NKE shares started the session at $38.39, barely maintaining ground above the annual minimum of $37.95. This represents a dramatic retreat from the 52-week peak of $76.97.
The vacated positions will be filled by Dell Technologies (DELL), Palo Alto Networks (PANW), Arista Networks (ANET), and SanDisk (SNDK), joining Nike and three additional departing firms. The entrance of these four technology-focused enterprises highlights an evolving composition within the index.
While Nike maintains its membership in the broader S&P 500, the exclusion from the S&P 100 serves as a stark indicator of the company’s diminished market presence and weighting.
Financial Metrics Under Strain
Nike’s current market valuation hovers around $57 billion. The company’s fiscal 2026 revenue remained stagnant at $46.4B, while critical business divisions such as Nike Direct, digital channels, and the Greater China market all experienced contractions.
During the most recent quarter, Nike delivered adjusted earnings per share of $0.20, surpassing analyst expectations of $0.11. Revenue reached $10.97 billion, marginally exceeding the projected $10.85 billion. However, total sales declined 1.1% compared to the prior year period.
The athletic brand confronts multiple operational and marketing challenges. Analysts point to product line reductions, an accelerated pivot toward direct-to-consumer channels away from wholesale partnerships, and diminished digital advertising efforts as factors contributing to recent difficulties.
Physical retail adjustments compound these concerns. Reports indicate Nike plans to close 11 domestic locations as part of an ongoing strategy to reduce its brick-and-mortar presence.
Supply chain complications and decreased retail floor space allocation at certain partner stores have further constrained revenue generation.
Wall Street and Shareholder Perspectives
Wall Street remains cautiously positioned on Nike stock. Current consensus stands at “Hold,” accompanied by a mean price objective of $52.94. The rating breakdown includes one Strong Buy recommendation, twelve Buy ratings, twenty Hold assessments, and four Sell opinions.
During the second quarter, Washington Trust Advisors substantially reduced its Nike allocation by 49.4%, liquidating 58,514 shares while maintaining a position valued at approximately $2.46 million. Institutional investors collectively control 64.25% of outstanding shares.
Conversely, certain major institutional players expanded their exposure. Capital World Investors increased its holdings by 16.2% in the fourth quarter, while Harris Associates boosted its stake by 72.3%.
Corporate insider transactions have trended bearish. Throughout the last 90-day period, company insiders disposed of over 26,000 shares totaling approximately $1.17 million. Chief Financial Officer Matthew Friend sold 2,463 shares on August 5 at $41.60 each.
Nike announced a quarterly dividend distribution of $0.41 per share, scheduled for October 1 payment, yielding 4.3% annually. The current payout ratio registers at 78.47%.
Technical indicators show the 50-day moving average at $41.58 and the 200-day moving average at $46.16, both substantially above current trading levels.
The post Nike (NKE) Stock Exits S&P 100 Index After Nearly Two Decades appeared first on Blockonomi.

Key Highlights
Shares traded at $78.25, representing a significant decline from the 52-week peak of $126.71, with a daily loss of 5.35%
Second quarter revenues reached $12.56 billion, marking 13.4% annual growth but falling short of Wall Street’s $12.59 billion projection
Chief Executive Gregory Peters offloaded 27,312 shares valued at more than $2 million; total insider dispositions hit $15.8 million over three months
Trans Canada Capital acquired 272,240 shares valued at approximately $19.4 million during Q2, establishing NFLX as their 14th-largest portfolio position
Wall Street maintains a “Moderate Buy” rating with a consensus target price of $96.65
Shares of Netflix (NFLX) began Monday’s trading session at $78.25, posting a 5.35% decline and trading substantially beneath the 52-week peak of $126.71. The streaming leader has faced mounting pressure since April amid decelerating revenue expansion and substantial insider share dispositions.
The company’s second quarter results, unveiled on July 16, delivered revenues of $12.56 billion, representing 13.4% year-over-year expansion. While respectable on the surface, this marked the company’s weakest growth pace across the previous four quarters and narrowly missed Wall Street’s $12.58 billion forecast. Earnings per share of $0.80 marginally exceeded analyst projections of $0.79.
Management’s forward-looking statements provided little comfort. The streaming giant projected third quarter revenue growth of merely 11.7% compared to the year-ago period, further dampening investor sentiment.
Executive Share Sales Trigger Concern
Chief Executive Officer Gregory Peters disposed of 27,312 shares on August 6 at an average transaction price of $73.54, generating proceeds exceeding $2 million. Despite this sale, Peters maintains ownership of 120,931 shares. Board member Richard Barton similarly sold 2,160 shares at $75.10 on August 5, reducing his position by approximately 90%.
Collectively, insiders have offloaded 213,595 shares totaling $15.8 million throughout the most recent 90-day window. Company insiders currently control a mere 1.24% of outstanding shares.
Though executive sales don’t necessarily indicate impending problems, the magnitude of these transactions warrants attention.
Conversely, Trans Canada Capital established a substantial position by purchasing 272,240 Netflix shares during the second quarter, valued at roughly $19.4 million. This investment comprises approximately 1.1% of the fund’s total portfolio and stands as their 14th-largest equity position. Institutional shareholders collectively control 80.93% of the company’s outstanding stock.
Additional investment firms made modest additions during the identical timeframe, including Pacific Sun Financial, Beaird Harris Wealth Management, and Sombo Asset Management.
Bullish Arguments Remain Valid
Notwithstanding current challenges, Netflix maintains its position as the streaming industry’s profitability leader by a considerable margin. During the initial six months of 2026, the company transformed approximately $6 billion, representing 24% of its $24.8 billion in total revenues, into bottom-line profit.
Global expansion efforts continue producing results. The company’s European and Middle Eastern operations expanded 11% on a currency-adjusted basis during the most recent quarter. Latin American revenues climbed 16%. Asia-Pacific operations registered 18% growth.
The streaming giant also implemented subscription price increases in the United Kingdom for the second occasion in 2026, a strategy that could enhance average revenue per subscriber assuming retention rates hold steady.
The advertising-supported subscription tier continues drawing interest from both investors and advertisers, establishing a secondary revenue channel beyond traditional subscriptions.
Technical indicators show Netflix’s 50-day moving average positioned at $75.52, while the 200-day average stands at $84.45. The equity trades at a price-to-earnings multiple of 24.63 with a PEG ratio of 1.10.
Wall Street’s average target price of $96.65 suggests substantial appreciation potential from present trading levels. The analyst consensus breaks down as follows: four Strong Buy recommendations, 34 Buy ratings, 16 Hold ratings, and a single Sell rating.
Bank of America reduced its price objective from $125 to $105 while maintaining its Buy recommendation. Piper Sandler lowered its target from $115 to $85 while preserving an Overweight stance. BMO Capital Markets reaffirmed its Outperform rating in August.
The post Netflix (NFLX) Stock Drops 5%: Is This Decline a Buying Opportunity? appeared first on Blockonomi.

Key Highlights
PLTR shares rocketed 51% throughout August, climbing from $123.06 to reach $186.38, outperforming all tech sector peers.
Second-quarter revenue reached $1.94 billion, representing a 93% year-over-year increase and exceeding analyst projections by $130 million.
The company elevated its 2026 full-year revenue forecast to $8.15 billion, suggesting approximately 82% revenue expansion.
New strategic initiatives include an enhanced PwC collaboration and a $192 million U.S. Army TITAN agreement secured in early September.
Analyst consensus stands at Moderate Buy with a mean price objective of $192.19.
Throughout August, Palantir Technologies (PLTR) emerged as the technology sector’s dominant performer, posting an impressive 51% advance from $123.06 to $186.38. This exceptional gain dwarfed the 6.36% increase recorded by the Technology Select Sector SPDR Fund (XLK) during the identical timeframe, outpacing it by more than eightfold.
Following a peak of $182.53 reached on September 3, shares retreated to settle at $174.33 on September 4. Due to the Labor Day holiday closure of U.S. financial markets on Monday, this $174.33 level represents the latest available closing price.
The powerful August momentum stemmed from exceptional second-quarter financial results. The company delivered $1.94 billion in revenue, marking a 93% year-over-year surge and surpassing Wall Street’s $1.81 billion projection. Earnings per share registered at $0.41, exceeding the analyst consensus of $0.34 by $0.07.
The U.S. commercial segment delivered particularly impressive performance, soaring 149% year-over-year to generate $764 million. During the quarter, Palantir successfully completed 220 transactions valued at a minimum of $1 million each, with 73 of those deals exceeding $10 million in value.
Total contract value bookings within the U.S. commercial division hit $2.132 billion, representing a 153% year-over-year spike. Management also projects adjusted free cash flow between $4.5 billion and $4.7 billion for the complete fiscal year.
Strategic Partnerships Boost Momentum
Palantir elevated its 2026 full-year revenue projection to $8.15 billion, indicating roughly 82% anticipated growth. This upgraded forecast provided additional momentum for investor optimism throughout August.
Early September brought two significant developments. The company announced an expanded collaboration with PwC US, creating an artificial intelligence platform engineered to accelerate deal execution and merger activities utilizing Palantir’s Foundry and AIP technologies. This innovative platform targets transaction timeline reductions of up to 50% while potentially decreasing one-time deal expenses by as much as 45%.
Simultaneously, Palantir secured a production agreement with the U.S. Army to provide eight TITAN tactical intelligence systems, representing approximately $192 million in contract value. The combined impact of the PwC partnership and Army contract drove PLTR approximately 8% higher on September 4 before experiencing minor profit-taking.
Pricing Metrics and Street Sentiment
Shares currently command a price-to-earnings multiple of 149, while the company’s market capitalization exceeds $418 billion. This elevated valuation has prompted measured skepticism from certain analysts and market participants monitoring for potential deceleration in expansion rates.
Michael Burry has recently voiced pessimistic perspectives on the equity, and Google’s aggressive expansion into government artificial intelligence solutions could introduce competitive dynamics affecting Palantir’s public-sector operations. Company insiders have divested $117 million in shares over the preceding 90 days, including a transaction executed by CEO Alexander Karp on August 20.
Nevertheless, Wall Street maintains a Moderate Buy consensus derived from 21 Buy recommendations, 10 Hold ratings, and three Sell opinions. The consensus price objective currently stands at $192.19, with both Mizuho and Needham establishing $215 targets.
Amundi increased its PLTR position by 7.4% throughout Q2, elevating its aggregate holdings to 17.6 million shares valued at approximately $2.06 billion. Institutional ownership represents 45.65% of outstanding shares.
The 50-day moving average for PLTR registers at $150.22, and shares recently generated a golden cross formation, which numerous technical analysts interpret as a constructive indicator.
PLTR’s 52-week trading corridor spans from $106.37 to $207.52.
The post Palantir (PLTR) Stock Skyrockets 51% in August: Can the Rally Continue? appeared first on Blockonomi.

Key Highlights
In the STEP Young study, 40.4% of children between ages 6 and 12 successfully dropped below obesity thresholds following 68 weeks of semaglutide treatment
Zero participants receiving placebo achieved comparable BMI improvements throughout the study period
The company discontinued two supplementary cardiovascular studies testing ziltivekimab following a monitoring board’s determination of minimal success probability
The heart drug candidate had previously disappointed in a pivotal late-stage cardiovascular study during July
Shares of NVO declined 1.92% during trading
Investors in Novo Nordisk faced contrasting developments on Monday, as encouraging findings from a childhood obesity study emerged simultaneously with announcements that the company was terminating two additional cardiovascular drug investigations.
Trading activity saw NVO shares decline 1.92% to $46.60, as investors processed both pieces of news.
The phase 3 STEP Young investigation evaluated weekly semaglutide administration in 165 pediatric patients between 6 and 12 years old diagnosed with obesity. Following a 68-week treatment period, 40.4% of children receiving the medication successfully reduced their BMI below obesity classification levels. In contrast, no participants assigned to the placebo arm achieved this outcome.
Every participant received comprehensive lifestyle intervention throughout the investigation, incorporating calorie-restricted nutrition plans and enhanced physical exercise regimens.
The study successfully achieved its principal objective, demonstrating significantly greater BMI reductions among semaglutide recipients versus those receiving placebo. Over 85% of enrolled children presented with severe class II or III obesity at baseline.
Pediatric participants were administered either 1.7 mg or 2.4 mg weekly semaglutide doses, determined by their initial body weight measurements.
Ania M. Jastreboff, who serves as Professor of Medicine and Pediatrics at Yale, characterized the findings as promising, particularly considering the substantial obesity severity observed among most study participants initially.
The drug’s safety profile and tolerability aligned with observations from prior investigations involving adults and teenagers. Researchers identified no novel safety issues, and no concerns emerged regarding growth patterns or pubertal progression.
The pharmaceutical company intends to unveil comprehensive findings at ObesityWeek 2026 in Washington DC, scheduled for November 14 through 17.
Cardiovascular Program Faces Additional Challenges
The encouraging pediatric findings were counterbalanced by Novo’s announcement that it was terminating two more clinical investigations of its investigational cardiovascular compound ziltivekimab.
Both studies were evaluating the medication in heart failure populations and received early termination after an independent data monitoring panel determined minimal probability that either investigation would yield outcomes differing from a previously unsuccessful trial.
During July, ziltivekimab had already demonstrated inability to decrease major adverse cardiovascular event risk, encompassing mortality, non-fatal myocardial infarction, and non-fatal cerebrovascular accidents, when compared against placebo in a late-stage investigation.
The consecutive disappointments represent a significant obstacle to Novo’s strategy of expanding beyond its established obesity and diabetes portfolio.
This setback emerges following a similarly unsuccessful cardiovascular investigation from Novartis, whose experimental compound was also developed based on the identical inflammatory-disease theory that guided development of both therapeutics.
Future Outlook
A single ongoing ziltivekimab investigation remains active, evaluating the drug in individuals recovering from myocardial infarction. Findings are anticipated during the first half of 2027.
According to research published Friday, GLP-1 medication prescriptions for American children under age 12 have increased more than 300-fold since 2019, despite semaglutide lacking regulatory approval for this pediatric population.
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