The Day The Memecoin Dies Submitted by QTR's Fringe Finance I opened Twitter this morning and saw a photo of a group of guys, lanyards swinging, hoodies zipped, shuffling off to a “memecoin conference.” Which is to say we have reached the point in the batshit insanity cycle where people are boarding planes and booking hotels to celebrate coins that started as jokes about dogs. Pause and really sit...
The Day The Memecoin Dies Submitted by QTR's Fringe Finance I opened Twitter this morning and saw a photo of a group of guys, lanyards swinging, hoodies zipped, shuffling off to a “memecoin conference.” Which is to say we have reached the point in the batshit insanity cycle where people are boarding planes and booking hotels to celebrate coins that started as jokes about dogs. Pause and really sit with that. Memecoins are not businesses. They are not technologies in any meaningful sense. They produce nothing, fix nothing, and generate exactly zero in revenue unless you count the transfer of money from the last guy in to the guy just ahead of him. They are vapor. Digitized empty space. Financial air pockets passed hand to hand with a straight face, as if this is all perfectly rational behavior. And right now, it feels normal. Of course it does. Markets are pressing highs. The Shiller P/E ratio is floating around nosebleed territory at 40x still. Everyone is still making money, or thinks they are. Risk is a punchline despite AI deals falling apart and private credit imploding. In that kind of environment, a memecoin conference doesn’t look insane. It looks like networking. Now fast forward. Not a polite dip. Not a minor wobble. A real drawdown in the stock market. 30%, maybe more. The kind that makes people stop checking their portfolios because they already know what they’ll see. The kind that turns group chats quiet. Now try pitching Dogecoin in that environment. Try explaining Shiba Inu to someone who just watched a third of their net worth evaporate. Go ahead, tell them it’s “community driven” and see how far that gets you. What passes for clever marketing in a bull market starts to sound like a bad joke when people are bleeding money. That’s when this whole thing stops being cute. And trust me, it’ll happen. Because memecoins don’t have a floor. There is no underlying business, no cash flow, no assets, no mechanism to anchor price to reality. When sentiment break...
AMD rose after an analyst upgrade pointed to stronger expectations for data center GPU demand, with upcoming earnings set to provide updated detail on revenue and deployment growth tied to AI infrastructure.
AMD rose after an analyst upgrade pointed to stronger expectations for data center GPU demand, with upcoming earnings set to provide updated detail on revenue and deployment growth tied to AI infrastructure.
Advanced Micro Devices (NASDAQ:AMD), a designer of CPUs, GPUs, and FPGAs, closed Wednesday at $337.11, up 4.30%. The stock climbed during the regular session as analyst upgrades and strong AI chip demand supported optimism ahead of the May 5 Q1 earnings release. Investors will be
Advanced Micro Devices (NASDAQ:AMD), a designer of CPUs, GPUs, and FPGAs, closed Wednesday at $337.11, up 4.30%. The stock climbed during the regular session as analyst upgrades and strong AI chip demand supported optimism ahead of the May 5 Q1 earnings release. Investors will be
Anthropic PBC has begun weighing a fresh funding round that would value the artificial intelligence developer at more than $900 billion, according to people familiar with the matter, potentially leapfrogging its longtime rival OpenAI as the world’s most valuable AI startup. The Claude maker is entertaining offers from investors that would more than double its current valuation, said the people, wh...
Anthropic PBC has begun weighing a fresh funding round that would value the artificial intelligence developer at more than $900 billion, according to people familiar with the matter, potentially leapfrogging its longtime rival OpenAI as the world’s most valuable AI startup. The Claude maker is entertaining offers from investors that would more than double its current valuation, said the people, who spoke on condition of anonymity as the information is not public. The considerations are at a very early stage and the company has yet to accept any offers, the people said. Anthropic had previously resisted several inbound proposals from investors for a new round at a valuation of $800 billion or more, Bloomberg News has reported . The new discussions, which have not been reported, coincide with a push by Anthropic to ramp up fundraising amid the breakout success of its AI software. Anthropic, which Bloomberg has reported is considering an initial public offering as soon as October, has been on the hunt for more infrastructure to meet growing demand for its products. Anthropic declined to comment. Google recently committed to invest $10 billion in Anthropic at a $350 billion valuation, the same amount it was valued at in a funding round in February. The Alphabet Inc. -owned company plans to invest up to another $30 billion in Anthropic if the startup hits certain performance targets. Amazon.com Inc. is also investing $5 billion in Anthropic at a $350 billion valuation, with plans to inject $20 billion more over time. It’s unclear whether those two firms will be part of the upcoming funding round. Founded in 2021 by a group of former OpenAI employees, Anthropic has since emerged as a leader in the AI sector. Anthropic has developed a series of AI tools aimed at overhauling the way businesses handle tasks from coding to cybersecurity. In early April, the company unveiled a new model called Mythos that is purportedly able to detect and exploit vulnerabilities in a wide rang...
Inno Holdings ( Nasdaq: INHD ) on Wednesday said its board approved a 1-for-20 reverse stock split of its common stock as part of efforts to maintain compliance with Nasdaq listing requirements. The company said the split will take effect on May 4, 2026, and will reduce its outstanding shares to about 2.52 million from roughly 50.41 million, without changing the number of authorized shares. Inno H...
Inno Holdings ( Nasdaq: INHD ) on Wednesday said its board approved a 1-for-20 reverse stock split of its common stock as part of efforts to maintain compliance with Nasdaq listing requirements. The company said the split will take effect on May 4, 2026, and will reduce its outstanding shares to about 2.52 million from roughly 50.41 million, without changing the number of authorized shares. Inno Holdings added its stock will continue trading on Nasdaq under the same ticker on a split-adjusted basis. Source: Press Release More on Inno Holdings Inc. Financial information for Inno Holdings Inc.
Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern Unusual simultaneous reports of financial results by several of the US’s largest tech companies gave positive indications for the stock market despite widespread fears of an AI bubble on Wednesday. Four of the so-called Magnificent Seven tech stocks, the most valuable publicly traded companies...
Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern Unusual simultaneous reports of financial results by several of the US’s largest tech companies gave positive indications for the stock market despite widespread fears of an AI bubble on Wednesday. Four of the so-called Magnificent Seven tech stocks, the most valuable publicly traded companies in the world, reported their quarterly financial results on Wednesday. The cluster is not typical, as these disclosures do not often occur on the same day, and provides a snapshot of how the tech industry is faring as it rides the AI boom. Amazon, Alphabet and Microsoft all revealed double-digit gains in their cloud computing units, which have seen supercharged growth thanks to increasing adoption of AI. Meta, not in the business of cloud computing, failed to meet Wall Street expectations. Continue reading...
Userba011d64_201/iStock via Getty Images Software season is back with uncertainty as high as ever. ServiceNow, Inc. ( NOW ) has struggled in spite of delivering strong numbers, clear evidence of the poor sentiment in the software sector. Investors appear eager to dismiss near-term numbers due to fears regarding long-term AI disruption. I believe that this narrative underestimates the resiliency an...
Userba011d64_201/iStock via Getty Images Software season is back with uncertainty as high as ever. ServiceNow, Inc. ( NOW ) has struggled in spite of delivering strong numbers, clear evidence of the poor sentiment in the software sector. Investors appear eager to dismiss near-term numbers due to fears regarding long-term AI disruption. I believe that this narrative underestimates the resiliency and importance of NOW’s platform as well as the company’s potential to offset that same narrative with efficiencies of its own. I reiterate my strong buy rating for the stock. NOW Stock Price I last covered NOW in March , where I upgraded the stock to a strong buy rating amidst the SaaS apocalypse. The stock has fallen another 25% since. Data by YCharts The numbers paint a very different picture than that implied by the stock price. The company is executing on its AI opportunity, and the market continues to sleep. NOW Stock Key Metrics NOW is an enterprise software company that is famous for enabling digital workflows. Because workflows span vast use cases and the entirety of the business lifecycle, NOW has historically benefitted from a large and growing market. 2026 Q1 Presentation That has culminated in strong financial results, with NOW being one of the rare software companies able to sustain aggressive top-line growth at scale. In the most recent quarter, NOW generated 22% YoY subscription revenue growth to $3.67 billion, slightly exceeding guidance of $3.653 billion. That beat, however, was rather small, and I suspect some investors may have interpreted this as a potential canary in the coal mine. 2026 Q1 Presentation The company delivered solid growth in current remaining performance obligations (‘cRPOs’), which jumped 22.5% YoY. This, however, was slower than the 25% growth rate in the fourth quarter. I note that in my experience, cRPO growth has rarely correlated with forward revenue growth in spite of many apparently viewing it to be a reliable predictor of it. I su...
Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year. Meta was expected to earn $6.67 per share on revenue of $55.6 billion, per the estimates of analysts surveyed by FactSet Research. “We had a milestone quar...
Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year. Meta was expected to earn $6.67 per share on revenue of $55.6 billion, per the estimates of analysts surveyed by FactSet Research. “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs,” CEO Mark Zuckerberg said in a statement.
By now, most people in the cryptocurrency market know that long-term investing is the key to sustainable returns. The asset class is notoriously volatile, and a buy-and-hold strategy helps smooth out the booms and busts to let its fundamental growth drivers shine through. For Bitcoin (CRYPTO: BTC) , this mindset is particularly important. The world's leading cryptocurrency reached its all-time hig...
By now, most people in the cryptocurrency market know that long-term investing is the key to sustainable returns. The asset class is notoriously volatile, and a buy-and-hold strategy helps smooth out the booms and busts to let its fundamental growth drivers shine through. For Bitcoin (CRYPTO: BTC) , this mindset is particularly important. The world's leading cryptocurrency reached its all-time high of $126,000 in October last year before falling 39% as of the time of this writing. Investors are eager to know what factors could drive its eventual recovery. Let's dig deeper to see what the next three years could hold. Continue reading