COMPASS Pathways ADS press release ( CMPS ): Q4 GAAP EPS of -$1.00 misses by $0.59 . Cash and cash equivalents were $149.6 million as of December 31, 2025, compared with $165.1 million as of December 31, 2024 Debt was $31.6 million as of December 31, 2025, compared with $30.2 million as of December 31, 2024 (and $50.4 million as of March 24, 2026). Financial Guidance The cash position at March 24,...
COMPASS Pathways ADS press release ( CMPS ): Q4 GAAP EPS of -$1.00 misses by $0.59 . Cash and cash equivalents were $149.6 million as of December 31, 2025, compared with $165.1 million as of December 31, 2024 Debt was $31.6 million as of December 31, 2025, compared with $30.2 million as of December 31, 2024 (and $50.4 million as of March 24, 2026). Financial Guidance The cash position at March 24, 2026 is expected to be sufficient to fund operating expenses and capital expenditure requirements into 2028. More on COMPASS Pathways ADS COMPASS Pathways plc (CMPS) Discusses Positive Phase III Results for COMP360 in Treatment-Resistant Depression Trials Transcript Compass Pathways: Stock Soars As Data Sets Up Psilocybin Approval Shot COMPASS Pathways plc (CMPS) Discusses Positive Phase III Results for COMP360 in Treatment-Resistant Depression Trials - Slideshow Compass Pathways raises $200M through warrant exercises Compass Pathways prices $150M ADS offering
Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin talked with Proactive's Stephen Gunnion about the latest progress in the company’s AI Oracle technology and its transition from hardware to software implementation in Bitcoin mining. Gardin explained that the company initially developed the AI Oracle as a hardware-based solution, but later pivoted to running it directly o...
Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) CEO Francesco Gardin talked with Proactive's Stephen Gunnion about the latest progress in the company’s AI Oracle technology and its transition from hardware to software implementation in Bitcoin mining. Gardin explained that the company initially developed the AI Oracle as a hardware-based solution, but later pivoted to running it directly on the operating system of mining rigs. This shift allowed greater flexibility, although it introduced technical challenges due to reduced access to ASIC-level data. Despite this, he noted that the software approach has already delivered “very good results.” A key milestone is the successful deployment of the AI Oracle on a Bitmain Antminer S9, an older but accessible machine chosen because it is the last model with fully available source code. Gardin said, “we can show on a commercial machine, outdated of course, but we can show that it works,” highlighting the strategic importance of demonstrating real-world performance to potential partners. The company faced obstacles in accessing proprietary software from manufacturers of newer mining rigs such as the S19 and S21. As a result, it built an independent system to validate its technology. This proof-of-concept is expected to strengthen its position in negotiations with hardware partners and large-scale miners. Gardin also outlined that the company is currently in a data collection phase, training neural networks to understand ASIC behaviour before moving to live testing. Results from these commercial tests are expected within weeks. For more insights into cutting-edge blockchain innovations, visit Proactive’s YouTube channel, like this video, subscribe to the channel, and enable notifications for future updates. #QuantumBlockchain #BitcoinMining #AIOracle #CryptoTechnology #BlockchainInnovation #ASICMining #Bitmain #AntminerS9 #CryptoAI #MiningEfficiency #NeuralNetworks #CryptoNews #Fintech #DigitalAssets #ProactiveInvestor...
SimonSkafar/iStock via Getty Images As the rotation out of tech names gained momentum at the start of the year, I downgraded my rating on Advanced Micro Devices, Inc. ( AMD ) earlier this year. I'm glad I did so, because the stock was pretty much flat since my last coverage. I now upgrade back to a strong buy, as I see strong signs that the rotation out of tech is reversing its course. Leaving the...
SimonSkafar/iStock via Getty Images As the rotation out of tech names gained momentum at the start of the year, I downgraded my rating on Advanced Micro Devices, Inc. ( AMD ) earlier this year. I'm glad I did so, because the stock was pretty much flat since my last coverage. I now upgrade back to a strong buy, as I see strong signs that the rotation out of tech is reversing its course. Leaving the macro risks on the side (a topic I discussed in this coverage ), I think AMD could see a strong second half of the year. In fact, I argue that the upside is higher for AMD than for Nvidia, at least from a price action perspective. In this piece, I discuss my view on the main pillar of the bull case on AMD: its pivot from selling individual components to rack-scale systems. There is still a long uphill road ahead until AMD takes market share from Nvidia. However, to me, it's a matter of when, not if. In my view, the "when" is likely the back half of the year, with Q4 more likely than Q3. I upgrade to a strong buy, and I expect to see new highs before the end of the year. Guidance Terminal From Accelerators to Rack-Scale Systems The title above represents what I believe to be the main pillar of the bull case on AMD. The company is pivoting from selling individual components like the Instinct MI-3xx/-4xx series GPUs and the EPYC series CPUs to a full-stack offering. In fact, this pivot is the specific reason they acquired ZT Systems for $4.9B last year. This is exactly what the incumbent leader, Nvidia, is doing with its GB300 NVL72 rack-scale system. On top of selling the Blackwell GPUs (there are 72x GPUs in the NVL72 configuration) and the Grace CPUs (36x), the company is also offering interconnect, networking, systems, and software. Let me put into perspective now how important these ancillary products are in the AI data center buildout. In its last fiscal year (FY 2026), Nvidia reported $31.38B in data center networking revenue. Nvidia That's almost 2x AMD's data center ...
SimonSkafar/iStock via Getty Images As the rotation out of tech names gained momentum at the start of the year, I downgraded my rating on Advanced Micro Devices, Inc. ( AMD ) earlier this year. I'm glad I did so, because the stock was pretty much flat since my last coverage. I now upgrade back to a strong buy, as I see strong signs that the rotation out of tech is reversing its course. Leaving the...
SimonSkafar/iStock via Getty Images As the rotation out of tech names gained momentum at the start of the year, I downgraded my rating on Advanced Micro Devices, Inc. ( AMD ) earlier this year. I'm glad I did so, because the stock was pretty much flat since my last coverage. I now upgrade back to a strong buy, as I see strong signs that the rotation out of tech is reversing its course. Leaving the macro risks on the side (a topic I discussed in this coverage ), I think AMD could see a strong second half of the year. In fact, I argue that the upside is higher for AMD than for Nvidia, at least from a price action perspective. In this piece, I discuss my view on the main pillar of the bull case on AMD: its pivot from selling individual components to rack-scale systems. There is still a long uphill road ahead until AMD takes market share from Nvidia. However, to me, it's a matter of when, not if. In my view, the "when" is likely the back half of the year, with Q4 more likely than Q3. I upgrade to a strong buy, and I expect to see new highs before the end of the year. Guidance Terminal From Accelerators to Rack-Scale Systems The title above represents what I believe to be the main pillar of the bull case on AMD. The company is pivoting from selling individual components like the Instinct MI-3xx/-4xx series GPUs and the EPYC series CPUs to a full-stack offering. In fact, this pivot is the specific reason they acquired ZT Systems for $4.9B last year. This is exactly what the incumbent leader, Nvidia, is doing with its GB300 NVL72 rack-scale system. On top of selling the Blackwell GPUs (there are 72x GPUs in the NVL72 configuration) and the Grace CPUs (36x), the company is also offering interconnect, networking, systems, and software. Let me put into perspective now how important these ancillary products are in the AI data center buildout. In its last fiscal year (FY 2026), Nvidia reported $31.38B in data center networking revenue. Nvidia That's almost 2x AMD's data center ...
A Swedish businessman convicted of raping his domestic helper has failed to clear his name and has been sent back to prison after a Hong Kong court dismissed his appeal. The Court of Appeal on Tuesday upheld the conviction of Patrik Tobias Ekstrom, who was unanimously found guilty by a jury two years ago and sentenced to seven years in prison for raping his helper in his bedroom on October 27, 202...
A Swedish businessman convicted of raping his domestic helper has failed to clear his name and has been sent back to prison after a Hong Kong court dismissed his appeal. The Court of Appeal on Tuesday upheld the conviction of Patrik Tobias Ekstrom, who was unanimously found guilty by a jury two years ago and sentenced to seven years in prison for raping his helper in his bedroom on October 27, 2022. The Swedish national, in his late thirties, who was granted bail pending appeal on one count of...
The Football Supporters' Association files a formal complaint against Fifa over "excessive ticket prices" and "unfair purchasing conditions" for the World Cup.
The Football Supporters' Association files a formal complaint against Fifa over "excessive ticket prices" and "unfair purchasing conditions" for the World Cup.
China’s $1.57 trillion sovereign wealth fund - long one of the biggest backers of private equity firms in the world - is considering new allocations to US money managers just months after reducing its exposure to the world’s biggest economy. As tensions between the superpowers thaw, China Investment Corp. has held talks in recent weeks with firms including Blackstone Inc. and TPG Inc., according t...
China’s $1.57 trillion sovereign wealth fund - long one of the biggest backers of private equity firms in the world - is considering new allocations to US money managers just months after reducing its exposure to the world’s biggest economy. As tensions between the superpowers thaw, China Investment Corp. has held talks in recent weeks with firms including Blackstone Inc. and TPG Inc., according to people familiar with the matter. Some of the discussions were paused after the US launched its attacks on Iran last month, engulfing one of China’s trading partners in war, the people said. There’s no assurance the fund will ultimately strike a deal with any of the US-based firms or that the money would be channeled toward investment opportunities in the US. Representatives for CIC didn’t reply to an emailed request seeking comment, while spokespeople for Blackstone and TPG declined to comment. Read More: CIC Close to Selling $1 Billion in US Private Equity Stakes The talks come just a few months after CIC unloaded about $1 billion in funds run by several managers, including Carlyle Group Inc. The sale was part of a broader retreat from the world’s largest economy, with CIC caught in the crosshairs as tensions with the US mounted. The fund has said in the past that its investment decisions are based on business and market considerations. The renewed discussions are the latest sign that some of the world’s largest sovereign funds have turned into a critical lever in geopolitical statecraft because their growing pools of capital can be directed as investments in friendly international markets to signal economic and political cooperation. Once a major player on Wall Street with big stakes in Blackstone and Morgan Stanley , CIC’s return would be a welcome addition for managers that are seeking new clients and spending longer times fundraising as higher interest rates and meager returns curb enthusiasm for private equity. Read More: Some PE Firms Are Doomed to Fail as Once-Hot...
Fertilizer supplies into Africa are coming under pressure as the Iran war disrupts global chains. Countries like Nigeria, which rely heavily on imports from China and Russia are already facing delays, with prices rising and availability tightening. Bloomberg's Jennifer Zabasajja explains on Horizons Middle East and Africa. (Source: Bloomberg)
Fertilizer supplies into Africa are coming under pressure as the Iran war disrupts global chains. Countries like Nigeria, which rely heavily on imports from China and Russia are already facing delays, with prices rising and availability tightening. Bloomberg's Jennifer Zabasajja explains on Horizons Middle East and Africa. (Source: Bloomberg)
Concentrix press release ( CNXC ): Q1 Non-GAAP EPS of $2.61. Revenue of $2.5B (+5.5% Y/Y). Adjusted EBITDA of $348.2 million, or 13.9% of revenue, compared with $374.2 million, or 15.8% of revenue in the prior year first quarter. Cash flow used in operations was $83.2 million in the quarter. Adjusted free cash flow was a use of $144.6 million in the quarter. Full Year 2026 Expectations: Full year ...
Concentrix press release ( CNXC ): Q1 Non-GAAP EPS of $2.61. Revenue of $2.5B (+5.5% Y/Y). Adjusted EBITDA of $348.2 million, or 13.9% of revenue, compared with $374.2 million, or 15.8% of revenue in the prior year first quarter. Cash flow used in operations was $83.2 million in the quarter. Adjusted free cash flow was a use of $144.6 million in the quarter. Full Year 2026 Expectations: Full year reported revenue of $10.035 billion to $10.180 billion vs. consensus of $10.17B . Based on current exchange rates, these expectations assume an approximate 60-basis point positive impact of foreign exchange rates compared with the prior year. The guidance implies constant currency revenue growth for the full year of 1.5% to 3.0%. Operating income of $636 million to $686 million and non-GAAP operating income of $1,240 million to $1,290 million. Non-GAAP diluted EPS of $11.48 to $12.07 vs. consensus of $12.10 , assuming approximately 60.6 million diluted common shares outstanding and approximately 4.9% of net income attributable to participating securities. The effective tax rate is expected to be approximately 25%. In addition, the company expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow in fiscal year 2026. More on Concentrix Concentrix: Deeply Undervalued With Improving Profitability Concentrix - Webhelp Write Off Sinks 2025, Where To Now? Concentrix Corporation (CNXC) Q4 2025 Earnings Call Transcript Concentrix Q1 2026 Earnings Preview Concentrix prices $600 million senior notes offering
JHVEPhoto Oracle ( ORCL ) was in focus on Tuesday as Bank of America reinstated coverage on the IT giant with a Buy rating and $200 price target. “We are reinstating coverage of Oracle ( ORCL ) with a Buy rating and a $200 PO (~30% upside potential), reflecting a balanced view of accelerating AI infrastructure demand against the timing, concentration, and capital requirements of Oracle’s transform...
JHVEPhoto Oracle ( ORCL ) was in focus on Tuesday as Bank of America reinstated coverage on the IT giant with a Buy rating and $200 price target. “We are reinstating coverage of Oracle ( ORCL ) with a Buy rating and a $200 PO (~30% upside potential), reflecting a balanced view of accelerating AI infrastructure demand against the timing, concentration, and capital requirements of Oracle’s transformation,” analyst Tal Liani wrote in a note to clients. “Oracle has large revenue potential ahead, supported by $553bn in RPO tied to long-duration AI training and cloud infrastructure commitments. This provides solid visibility for a meaningful growth opportunity, but the company will need to demonstrate it can deliver capacity, convert long-dated contracts into revenues, and manage a capital-intensive buildout.” Delving deeper, Liani said the three debates for Oracle over the coming years include the timing of the conversion of its current remaining backlog to revenue (57% of the $553B is beyond three years and 22% is beyond five years); how concentrated its customers are, especially since OpenAI ( OPENAI ) is responsible for a big chunk of its current remaining performance obligations; and how capital intensive the artificial intelligence buildout is, given it is spending hyperscaler-level amounts of money. “We believe the company holds solid plans on these fronts and discuss the opportunities with the risks,” Liani added. More on Oracle Oracle: Anthropic Surge Creates New Problems Oracle Is Successfully Handling The Global Shift Towards AI Cloud Infrastructure Oracle: Pros And Cons Of Buying Now After The Q3 Double Beat Microsoft, Oracle seen as benefiting from AI, while Adobe, Docusign at risk: Jefferies Oracle results, guidance indicate bearish concerns are 'easing,' Mizuho says
JHVEPhoto Oracle ( ORCL ) was in focus on Tuesday as Bank of America reinstated coverage on the IT giant with a Buy rating and $200 price target. “We are reinstating coverage of Oracle ( ORCL ) with a Buy rating and a $200 PO (~30% upside potential), reflecting a balanced view of accelerating AI infrastructure demand against the timing, concentration, and capital requirements of Oracle’s transform...
JHVEPhoto Oracle ( ORCL ) was in focus on Tuesday as Bank of America reinstated coverage on the IT giant with a Buy rating and $200 price target. “We are reinstating coverage of Oracle ( ORCL ) with a Buy rating and a $200 PO (~30% upside potential), reflecting a balanced view of accelerating AI infrastructure demand against the timing, concentration, and capital requirements of Oracle’s transformation,” analyst Tal Liani wrote in a note to clients. “Oracle has large revenue potential ahead, supported by $553bn in RPO tied to long-duration AI training and cloud infrastructure commitments. This provides solid visibility for a meaningful growth opportunity, but the company will need to demonstrate it can deliver capacity, convert long-dated contracts into revenues, and manage a capital-intensive buildout.” Delving deeper, Liani said the three debates for Oracle over the coming years include the timing of the conversion of its current remaining backlog to revenue (57% of the $553B is beyond three years and 22% is beyond five years); how concentrated its customers are, especially since OpenAI ( OPENAI ) is responsible for a big chunk of its current remaining performance obligations; and how capital intensive the artificial intelligence buildout is, given it is spending hyperscaler-level amounts of money. “We believe the company holds solid plans on these fronts and discuss the opportunities with the risks,” Liani added. More on Oracle Oracle: Anthropic Surge Creates New Problems Oracle Is Successfully Handling The Global Shift Towards AI Cloud Infrastructure Oracle: Pros And Cons Of Buying Now After The Q3 Double Beat Microsoft, Oracle seen as benefiting from AI, while Adobe, Docusign at risk: Jefferies Oracle results, guidance indicate bearish concerns are 'easing,' Mizuho says
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
If you haven't started working on your taxes yet, you're no doubt in good company. But if you're in line for a refund, you may be doing yourself a big disservice. The longer it takes you to file, the longer you'll have to wait for that money. As of March 6, the IRS had processed close to 60 million tax returns. It had also, by that date, issued almost 44 million refunds. And speaking of refunds, t...
If you haven't started working on your taxes yet, you're no doubt in good company. But if you're in line for a refund, you may be doing yourself a big disservice. The longer it takes you to file, the longer you'll have to wait for that money. As of March 6, the IRS had processed close to 60 million tax returns. It had also, by that date, issued almost 44 million refunds. And speaking of refunds, the average number as of March 6 may surprise you. Image source: Getty Images. Continue reading