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8/21
11:04
A Yahoo Finance analysis article pointed out that CRISPR Therapeutics (CRSP) stock price has only risen 8% year-to-date, significantly underperforming the 27% gain of the Nasdaq Biotechnology Index and the 12% gain of the S&P 500. Cathie Wood, through her Ark Invest ETFs, holds a significant position in CRSP with an average cost basis of $66, and with the current stock price around $52, her holdings are at a loss.

The analysis suggests that CRSP's long-term investment prospects remain strong, primarily driven by the revenue growth of its commercialized Casgevy therapy, as well as CTX611, which is about to enter phase 3 clinical trials, and nine other therapies in development. The company's second-quarter revenue was $10.2 million, compared to $892,000 in the same period last year; loss per share narrowed to $0.94, compared to $2.40 in the same period last year. Furthermore, the company's cash reserves reached $2.36 billion, a 19.2% year-over-year increase, sufficient to support its multiple clinical trials.

The U.S. Food and Drug Administration (FDA) approved Casgevy on July 1 for children aged 2 and older with sickle cell disease or transfusion-dependent beta-thalassemia, further expanding the market potential of this therapy.
10:47
Against a macro backdrop where the 30-year US government bond yield rose to 5.19% (a new high since 2007), capital is rotating into hard assets, driving an overall increase in the rare earth and critical minerals sectors. Among them, USA Rare Earth (NASDAQ:USAR) stock price rose 8% to $18.40, Critical Metals (NASDAQ:CRML) stock price rose 10% to $6.37, and MP Materials (NYSE:MP) stock price rose 5% to $58. The VanEck Rare Earth and Strategic Metals ETF (REMX) also rose 6% to $80.28, outperforming the S&P 500 and Nasdaq 100 indices. Gold prices rose 1.63% during the same period to $4,646.10 per ounce.
10:42
Singapore-based Poolin Technology, which operated a Bitcoin mining pool, has filed for Chapter 11 bankruptcy protection in a New Jersey court. The company listed assets between $1 million and $10 million, with liabilities as high as $500 million, and estimates having between 10,001 and 25,000 creditors. Poolin stated the filing is to facilitate a business sale and preserve value for creditors, with qualified bids due by September 8 and an auction scheduled for September 10.
10:32
Microsoft has officially accepted the first of four data centers built for it by IREN—Horizon 1—marking the first billing under IREN's five-year, $9.7 billion contract with Microsoft. Following this news, IREN's stock price surged 6% to $45.26 at one point, but later pared gains to $42.54. Meanwhile, TeraWulf's stock price rose 1% to $16.61, while Cipher Digital's stock price fell 5% to $16.35. Microsoft and NVIDIA's stock prices were largely flat. Additionally, NVIDIA granted IREN's Childress campus Exemplar Cloud certification after GB300 testing.
10:32
The analysis emphasizes that current market valuations bear similarities to the dot-com bubble era. Although today's leading companies boast stronger profitability, high valuations still imply a smaller margin for error regarding future earnings performance. The analysis advises investors to be more selective, focusing on companies with robust balance sheets and strong profitability.
10:26
DZ Bank initiated coverage of SpaceX with a 'Sell' rating and a $100 price target, implying a 25% drop from its $134 close. Analyst Markus Leistner warned of "crash risk in the valuation orbit," citing high capital expenditures, a pending $60 billion acquisition, and a $541 million net loss. The bank also highlighted potential supply pressure from post-IPO lockup expiration.
10:23
U.S. stocks opened higher on Friday, with a rise in Bitcoin boosting cryptocurrency-related stocks, while an increase in commodity prices such as copper and gold also lifted the basic materials sector. Financial stocks performed strongly, with shares of Robinhood and Coinbase rising.
10:22
Goldman Sachs estimates cumulative AI capital spending will reach approximately $7.6 trillion from 2026 through 2031. However, current revenue from major AI players like OpenAI and Anthropic, which generated over $105 billion in combined annualized revenue by August 2026, significantly lags behind this infrastructure buildout. The industry needs to scale its annual recurring revenue past $1 trillion by 2030 to avoid substantial hardware write-downs.

This gap poses a risk for Nvidia, whose high gross margins depend on demand for scarce, high-end GPUs. If enterprise demand fails to meet new capacity, hyperscalers may slow purchases, demand lower prices, and increasingly rely on internal chips (such as Google's TPUs, Amazon's Trainium, and Microsoft's Maia), potentially leading to slower growth and more cyclical margins for Nvidia.

Conversely, Microsoft is well-positioned to benefit from
10:21
The investment aims to boost Rapidus' capital to encourage lending by top banks, as the company targets mass production of 2-nanometer chips by fiscal 2027.
10:05
Starcloud, a satellite company developing orbital AI inference, has raised an additional $250 million in a funding extension, following its $170 million Series A round in March, bringing the company's valuation to $2.3 billion. This additional capital will be used to expand manufacturing facilities and advance its largest orbital data center spacecraft, Starcloud-3, which is planned to launch on SpaceX's Starship rocket. CEO Philip Johnston stated that given the increasingly tight rocket transport market, the company is actively raising funds to secure satellite launch capabilities and has applied to the FCC to operate 88,000 satellites.
10:04
US natural gas futures increased as forecasts shifted to show hotter weather in the coming weeks, indicating higher demand for gas-fired power as consumers ramp up their air-conditioning use.
09:58
U.S. President Donald Trump threatened an "economic D-Day" against Iran, including new sanctions on any country doing business with Iran. Affected by this, U.S. stocks recorded their worst performance in three weeks on Thursday, with the Dow Jones Industrial Average falling 1.32% and the S&P 500 index falling 0.87%. Meanwhile, global crude oil prices rose, with Brent crude briefly breaking above $93/barrel and U.S. crude rising to $86.70/barrel. The U.S. 30-year government bond yield rose above 5.25%, nearing a 20-year high, reflecting investors' declining confidence in the U.S. economy. In addition, the total U.S. national debt surpassed $40 trillion for the first time this week, two years earlier than expected, partly attributed to war costs and corporate tax cuts. Previously, the critical Strait of Hormuz remained closed due to ongoing conflict, exacerbating uncertainty in global energy and financial markets.
09:58
Solana has shortened its slot time for the first time since genesis, aiming to reduce network latency and striving for a 200-millisecond target.
09:55
Zames will assist Social Security Commissioner Frank Bisignano, a former JPMorgan colleague, in modernizing the agency, which currently relies on decades-old technology systems. The SSA's trust fund is projected to be exhausted in less than a decade, potentially leading to benefit cuts for millions of Americans.
09:54
Kalshi, a prediction market platform, currently prices the chances of a deal at 11% before March 1, 2027, 22% before January 1, 2028, and 35% before January 20, 2029.
09:48
Bitcoin ETFs' 7-day net inflow reached +22,043 BTC (+$1.7B), and Ethereum ETFs' 7-day net inflow totaled +219,254 ETH (+$523.54M).
09:46
U.S. S&P Global August Flash Manufacturing PMI also came in at 53.2, slightly below the forecast of 53.9.

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