Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
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Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
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Apple’s latest AI-infused iPhones have beaten analyst sales expectations for the quarter, pushing the tech player’s earnings past Wall Street estimates.
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Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours.
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COIN shares have dropped in after-hours trading as the crypto exchange missed earnings estimates, blaming “softer market conditions.”
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Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
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The company expects next quarter to be even better with improvement expected across nearly every vertical.
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Some analysts are calling this the biggest event of the year for the US economy.
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The September 28 earnings report is being called the most important event of the year for the stock market.
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Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
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