<ul class="summary-bullets"><li>BB shares closed up nearly 19% on Friday and continued to climb overnight, heading into Tuesday after its leadership touted a new growth phase.&nbsp;</li><li>SIDU stock closed up nearly 24% and edged higher in extended trading on Monday, building on momentum from its strong earnings and benefiting from optimism around SpaceX’s IPO.&nbsp;</li><li>RGTI jumped to close up nearly 20% in the last trading session after the Trump administration announced investments aimed at boosting the quantum computing industry in the U.S.</li></ul>BlackBerry Ltd. (BB), Sidus Space Inc. (SIDU), and Rigetti Computing Inc. (RGTI) emerged as some of last week’s biggest stock movers as traders rotated into a mix of artificial intelligence, quantum computing, and space-tech companies.BB shares closed up nearly 19% on Friday and continued to climb overnight heading into Tuesday. SIDU stock closed up nearly 24% last week and edged up nearly 4% in extended trading hours, while RGTI jumped to close up nearly 20% in the last trading session. &nbsp;<h2 class="st-heading-2">BlackBerry Highlights New Growth Phase</h2>The company’s shares shot up on Friday, pushing its weekly performance to its best in nearly 1.5 years after its leadership touted a new growth phase.Speaking at the CIBC Technology &amp; Innovation Conference 2026, CFO Tim Foote <a href="https://stocktwits.com/news-articles/markets/equity/black-berry-goes-from-burning-cash-to-powering-physical-ai-qnx-robots/cZgbyM9Re8y">said</a> BlackBerry has transformed from a cash-burning company into a profitable software business, delivering eight consecutive quarters of improving GAAP net income and positive cash generation.QNX business President John Wall pointed to growing opportunities beyond automotive markets for the software, particularly in robotics, industrial automation and physical AI applications that require higher-performance computing systems beyond traditional automotive markets.Meanwhile, BlackBerry’s Secure Communications division continued to strengthen its government and critical infrastructure positioning after BlackBerry AtHoc completed its 2026 FedRAMP Class D (High) re-certification, a designation for cloud systems that handle highly sensitive U.S. government data. Recently, BlackBerry also renewed its share buyback program, allowing the repurchase of up to 26.8 million common shares through May 2027.<a href="https://stocktwits.com/symbol/BB">BB shares</a> have more than doubled so far this year. On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ territory over the past 24 hours amid ‘high’ message volumes.<h2 class="st-heading-2">Sidus Extends Earnings Momentum, Rallies On SpaceX Optimism</h2>Shares of the space company extended its rally last week following positive first-quarter 2026 results. SIDU traded up for three consecutive days and was among the best-performing stocks on Friday.The company’s first-quarter 2026 results showed an improved balance sheet and a revenue increase of about 51% year-over-year to $359,372, while net loss narrowed to $5.21 million from $6.41 million a year earlier.Broader enthusiasm across the space sector also contributed to the move, with renewed investor interest in satellite, defense and space infrastructure stocks following growing speculation around SpaceX’s massive IPO expected in June.Investor sentiment also improved after Sidus Space completed a $58.5 million registered direct offering in April, significantly strengthening its liquidity position and leaving the company debt-free. Sidus reported roughly $27.35 million in cash at the end of the quarter, easing near-term financing concerns that had previously weighed on the stock.<a href="https://stocktwits.com/symbol/SIDU">SIDU shares</a> have surged about 239% in the last year, with analysts expecting a further upside of about 95%, based on its 12-month average price target on Koyfin. On Stocktwits, retail sentiment around the stock was in the ‘bullish’ territory over the past 24 hours amid ‘high’ message volumes.<h2 class="st-heading-2">Rigetti Computing Pops On Government Funding</h2>The quantum computing company’s shares continued their rally on Friday, extending to three consecutive days of gains, after the Trump administration announced $100 million in grants for the company as part of a broader <a href="https://stocktwits.com/news-articles/markets/equity/qbts-infq-rgti-stocks-explode-quantum-rally-adds-nearly-5-b-in-market-cap-on-trump-admin-s-major-bet-but-retail-is-very-divided/cZgbDZ9Re8v">package</a> aimed at boosting the quantum computing industry in the U.S. RGTI also had its best weekly gains in about eight months.The agreement with the U.S. Department of Commerce will give the company the funding over the next three years under the CHIPS Act. Rigetti said it plans to use the capital to overcome key technical challenges associated with scaling superconducting quantum computing systems.The company also said that the investment will support efforts to develop next-generation cryostat architectures and advance the miniaturization and integration of novel readout electronics.<a href="https://stocktwits.com/symbol/RGTI">RGTI shares </a>have gained more than 86% in the last year. On Stocktwits, retail sentiment around the stock was in the ‘extremely bullish’ territory over the past 24 hours amid ‘extremely high’ message volumes.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Hands using a mobile phone to analyze financial data with a laptop in the background, displaying graphs and charts for business planning. NOK, INTC and MRVL stocks hit fresh records. (Picture source: Getty)

BB, SIDU, RGTI Stocks Lead Last Week’s Wildest Upswings: Here's What Happened

BlackBerry, Sidus Space and Rigetti Computing posted double-digit gains on Friday, emerging as some of last week’s biggest stock movers.

Equity

<ul class="summary-bullets"><li>Futu shares fell after Chinese regulators proposed a $271 million penalty for allegations of unlicensed operations.&nbsp;</li><li>BJ’s Wholesale Club stock dropped 8.3% despite beating Q1 estimates, as weak core sales growth and margin pressure hurt sentiment.&nbsp;</li><li>Melco Resorts' stock hit new yearly lows on weak Q1 earnings.&nbsp;</li></ul>Futu Holdings (FUTU), BJ’s Wholesale Club (BJ) and Melco Resorts &amp; Entertainment (MLCO) all dropped to fresh 52-week lows on Friday as investors aggressively sold companies facing regulatory, margin and operational concerns.&nbsp;The reaction highlighted growing investor skepticism toward companies posting strong headline numbers while underlying business pressures raise concerns. While&nbsp;<a href="https://stocktwits.com/symbol/FUTU">Futu</a> and&nbsp;<a href="https://stocktwits.com/symbol/BJ">BJ’s Wholesale Club</a> stocks slumped over 27% and 8%, respectively, Melco Resorts stock edged 0.5% lower.&nbsp;<h2 class="st-heading-2">FUTU Faces Regulatory Shock</h2>Futu Holdings shares fell to a 52-week low of $80.50 after China’s securities regulator accused the company of operating without proper licenses in mainland China. Regulators also proposed a $271 million fine and told the company to shut down its mainland-focused apps and platforms.&nbsp;On Monday, Goldman Sachs analyst Shuo Yang downgraded Futu shares to ‘Neutral’ from ‘Buy’ while slashing the firm’s price target to $102.13 from $210.47 due to rising uncertainty around China’s regulatory actions and the financial costs of meeting compliance requirements.&nbsp;Futu Holdings operates a digital brokerage and wealth management platform across eight global markets from its Hong Kong headquarters. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory.&nbsp;<h2 class="st-heading-2">BJ’s Earnings Beat Fails To Impress</h2>BJ’s Wholesale Club stock fell 8.3% despite posting fiscal first-quarter (Q1) revenue and earnings above analyst estimates. Investors instead focused on slowing demand for core merchandise and weaker profitability trends.Excluding fuel sales, comparable sales rose only 1.5% during the quarter. Higher gas prices brought more customers to BJ’s fuel stations, but investors worried those visits did not lead to stronger in-store shopping.&nbsp;Merchandise margins also declined by 10 basis points as the retailer increased promotions to compete with rivals such as Walmart (WMT) and Costco Wholesale (COST).However, retail sentiment around the stock remained in ‘extremely bullish’ territory.&nbsp;<h2 class="st-heading-2">MLCO Struggles With Casino Costs</h2>Melco Resorts &amp; Entertainment also slid to new yearly lows as the weakness from poor Q1 earnings&nbsp;spilled over. In late April, the company reported Q1 earnings of $0.07 per share, missing the analysts’ consensus estimate of $0.09, according to Fiscal AI data.&nbsp;Investors were concerned about higher labor and marketing costs, as well as intense competition in Macau’s high-end casino market. Casino companies are spending more on promotions and customer incentives, which is hurting profits across the industry.Retail sentiment around the stock changed to ‘bullish’ from ‘extremely bullish’ territory the previous day.&nbsp;So far this year, FUTU and MLCO stocks have plunged 45% and 29%, respectively, while BJ stock has shed 3%.&nbsp;Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/what-is-hurting-bj-stock-wall-street-points-to-gas-costs-margin-squeeze-weak-consumer/cZgaNqIRepJ">What’s Hurting BJ Stock? Wall Street Points To Gas Costs, Margin Squeeze, Weak Consumer</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, the Futu Holdings Limited logo is seen displayed on a smartphone screen.

FUTU, BJ, MLCO Stocks Hit 52-Week Lows Last Week: What's Driving The Selloff? 

Futu Holdings (FUTU), BJ’s Wholesale Club (BJ) and Melco Resorts &amp; Entertainment (MLCO) all dropped to fresh 52-week lows on Friday as investors aggressively sold companies facing regulatory, margin and operational concerns.&nbsp;

Investors reacted to regulatory risks, weak margins, and rising operating costs despite strong revenue numbers. 


<ul class="summary-bullets"><li>Oil futures were trading below $100 a barrel on renewed hopes for a U.S.-Iran peace deal.&nbsp;</li><li>Major oil stocks and index funds declined overnight ahead of Tuesday.</li><li>Robin Brooks, a Senior Fellow at The Brookings Institution and a former chief FX strategist and managing director at Goldman Sachs, thinks that oil prices will normalize as the critical Strait of Hormuz opens up.</li></ul>Major oil stocks and index funds declined in the overnight session heading into Tuesday after U.S. President Donald Trump said negotiations with Iran “are proceeding nicely,” pushing crude below $100 a barrel.Shares of the <a href="https://stocktwits.com/symbol/USO">United States Oil Fund (USO)</a> and <a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF (UCO)</a> slipped 4.7% and 5.4% lower, even as <a href="https://stocktwits.com/symbol/BATL">Battalion Oil (BATL)</a> fell more than 6% in the overnight session at the time of writing. <a href="https://stocktwits.com/symbol/XOM">Exxon Mobil Corp. (XOM)</a> fell more than 1%, while <a href="https://stocktwits.com/symbol/TPET">Trio Petroleum Corp. (TPET)</a> and <a href="https://stocktwits.com/symbol/INDO">Indonesia Energy Corp Ltd. (INDO)</a> shares lost more than 2% each.<h2 class="st-heading-2">Oil Slips Below $100</h2>Trump said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116635193825443617">post</a> on Truth Social on Monday that negotiations with Iran “are proceeding nicely!” but added, “It will only be a Great Deal for all or, no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before — And nobody wants that!”Oil futures were below $100 a barrel on hopes for a deal, with Brent crude futures expiring in July trading at around $98.12 a barrel at the time of writing, while WTI crude futures expiring in June slipped more than 5%, trading around $91.71 a barrel.The comments come amid reports of an Iranian delegation traveling to Qatar for consultations with senior officials to negotiate a deal with the U.S. to end the war. A <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.aljazeera.com/news/2026/5/25/rubio-says-us-will-find-another-way-if-iran-talks-fail">report</a> from Al Jazeera has noted that Iran’s Foreign Minister Abbas Araghchi, Parliament Speaker Mohammad Bagher Ghalibaf, and Central Bank Governor Abdolnaser Hemmati are in Doha to discuss sticking points for the potential deal that could end the U.S.-Israel war on Iran.Trump had said earlier on Monday that an agreement with Iran must be “meaningful” for a deal to be reached. The president has insisted that Iran must give up its nuclear power for a deal, while Tehran has said that at this stage, Iran and the U.S. have not been “talking about the nuclear issue.”<h2 class="st-heading-2">Tensions Continue In The Strait Of Hormuz</h2>Reports have also indicated that the U.S. and Iran are discussing a plan to reopen the Strait of Hormuz roughly 30 days after a deal is finalized, with Iran expected to remove mines from the waterway to ensure safe maritime passage, according to Nikkei.Meanwhile, the U.S. military carried out what it described as “self-defense strikes” in southern Iran, targeting Iranian missile installations and boats allegedly attempting to deploy mines in the strait.<h2 class="st-heading-2">What Is Wall Street Thinking?</h2>Robin Brooks, a Senior Fellow at The Brookings Institution and a former chief FX strategist and managing director at Goldman Sachs, thinks oil prices will normalize as the critical waterway opens.“It'll obviously take time for shipping traffic through the Strait of Hormuz to normalize, but don't fall into the trap of thinking this means oil prices will stay high. Markets are forward-looking, so they'll price normalization long before it happens…” he said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/robin_j_brooks/status/2058903854880596069">post</a> on X.Meanwhile, Mohamed El-Erian, Chief Economic Advisor at Allianz, noted oil’s slip below $100 a barrel, adding that prices would depend on peace deal negotiations and traffic flow through the strait.“Brent crude is now trading well below $100 a barrel. Where this crucial price goes next will depend not only on whether the agreement is finalized but also on the details and what they imply for sustainability—particularly with respect to the return of free navigation through the Strait of Hormuz,” he said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/elerianm/status/2058883673592631297">post</a> on X.However, Barclays has said that it expects Brent crude oil to be around $100 for 2026, while also warning that price risks are skewed higher. Meanwhile, the U.S. Energy Information Administration (EIA) <a href="https://stocktwits.com/news-articles/markets/equity/oil-rebounds-amid-inventory-drawdowns-iran-war-uncertainty-economist-says-stay-long/cZXzu21ReF2">projects</a> Brent crude prices to average about $106 per barrel in May and June, citing expectations that global oil inventories will decline by roughly 8.5 million barrels per day during the second quarter of 2026.The agency also said that increasing oil output from the Middle East is likely to push crude prices down to an average of $89 per barrel by the fourth quarter of 2026, with prices easing further to around $79 per barrel in 2027.<h2 class="st-heading-2">What’s Retail Saying About Energy Stocks?</h2>On Stocktwits, retail sentiment toward USO, BATL, and XOM was in the ‘bearish’ territory, while UCO sentiment was in the ‘bullish’ territory at the time of writing.Message volumes were in the ‘high’ levels for UCO, while they were ‘normal’ for USO and XOM. Messages for BATL were ‘extremely low’ at the time of writing.One user <a href="https://stocktwits.com/ShortBusSecurities/message/654331848">said</a>, “The price of oil is showing you that Iran has nothing. Last week was a chance to sell above 100. This week above 90. Soon, Brent will be under 90. There are very few real oil bulls left in this market, it’s primarily retards. After the falling knife I may pick a spot to buy some oil, but it really is a dead trade.”<stembedurl>https://stocktwits.com/ShortBusSecurities/message/654331848</stembedurl>USO has more than doubled so far this year, while UCO has gained more than 145% so far in 2026. BATL shares have surged more than 58%, while XOM has gained by over 26% in the same time.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Over the past year, BATL surged 253%, EONR climbed 111%, and USO advanced 105%. (Photo credit: Getty Images)

USO, UCO, BATL, XOM Slip: Oil Dips Below $100 After Trump Says Iran Talks ‘Proceeding Nicely’

Trump said in a post on Truth Social on Monday that negotiations with Iran “are proceeding nicely,” even as the U.S. military carried out “self-defense strikes” in southern Iran. 

<ul class="summary-bullets"><li>Navitas has settled with Live Oak and issued shares based on stock-price milestones under their 2021 merger agreement, resolving allocation disputes that emerged last month.</li><li>Navitas said it issued about 3.28 million shares of Class A common stock to former shareholders.</li><li>Stocktwits sentiment for NVTS improved since Friday and was ‘bullish’ on Monday.</li></ul>Navitas Semiconductor Corp. shares gained 6% in overnight trading ahead of Tuesday’s session, extending a sharp rally from the previous week that was fueled by the company resolving a dispute with its SPAC sponsor, Live Oak Acquisition Corp. II.<h2 class="st-heading-2">NVTS’s Power Chip Optimism Drives Sharp Gains&nbsp;</h2><a href="https://stocktwits.com/symbol/NVTS">Navitas stock</a>&nbsp;added 37% last week, taking its year-to-date gains to 310%. Investors have piled into the stock, encouraged by the company’s gallium nitride (GaN) and silicon carbide (SiC) semiconductors, which improve power conversion efficiency across data centers, electric vehicles, renewable energy, and industrial systems. Many see the advanced chips and power solutions as well positioned to benefit from growing AI infrastructure and energy-market demand, where the need for efficient power solutions is rising rapidly.<h2 class="st-heading-2">NVTS-Live Oak Settlement</h2>On May 18, Navitas&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1821769/000110465926065731/0001104659-26-065731-index.htm">announced</a> a settlement agreement with Live Oak related to stock rewards tied to the company’s 2021 merger deal. Under the agreement, about 726,000 shares that were previously subject to performance conditions will now fully belong to Live Oak Sponsor, while nearly 116,000 shares will be forfeited. The deal also included both sides agreeing to drop any related legal claims.The dispute centered on whether Navitas had met certain stock-price targets tied to its SPAC merger, which would trigger the vesting of earnout shares owed to Live Oak. Last month, Live Oak argued that the first trigger event had been achieved and that a portion of the shares should immediately vest and become transferable, while Navitas initially disputed that claim and denied any breach of the agreement.&nbsp;Additional disagreements later emerged over whether later stock-price milestones had also been reached. The two sides ultimately settled the matter to avoid prolonged legal and financial uncertainty, with Navitas agreeing to release some shares, Live Oak forfeiting others, and both parties dropping related claims.On Friday, Navitas&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1821769/000110465926065737/tm2615305d2_8k.htm">said</a> it issued about 3.28 million shares of Class A common stock after reaching a stock-price milestone under its agreement with Live Oak. The shares were distributed to former Navitas shareholders and certain other parties specified in the agreement, the company said.<h2 class="st-heading-2">Retail, Analyst View On NVTS&nbsp;</h2>On Stocktwits, the retail sentiment for NVTS has been climbing since Friday and was ‘bullish’ as of late Monday, with the ticker trending among the top five on the platform. Still, some traders said the stock appeared overpriced.&nbsp;“$NVTS I like this company, i really do. but at this price looks pretty extended,”&nbsp;<a href="https://stocktwits.com/discussionbo7/message/654310782">said</a> a trader. Another&nbsp;<a href="https://stocktwits.com/1daytrader123/message/654332404">wrote</a>: “$NVTS fundamentals aren't great but nice chart here.”To be sure, Navitas reported revenues under $10 million in the last two quarters. It is still developing and testing several next-generation products, including 100V and 650V GaN solutions and ultra-high-voltage 2300V and 3300V SiC chips for the data center segment, many of which are currently in customer sampling, qualification, or evaluation stages.Currently, five of the eight analysts covering the stock have a ‘Hold’ rating, two rate it ‘Buy’ or higher, and one rates it ‘Sell,’ according to Koyfin. Their average price target of $14.46 is 50% below NVTS’ last close.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/why-are-mu-sndk-stocks-surging-in-overnight-trading/cZgaNNGRep7">Why Are MU, SNDK Stocks Surging In Overnight Trading?</a>&nbsp;

In this photo illustration, the Navitas Semiconductor Corporation logo is seen displayed on a smartphone screen.

Why NVTS Stock Is Extending Its Breakout Rally From Last Week

Investors have piled into the stock recently, encouraged by the company’s gallium nitride (GaN) and silicon carbide (SiC) semiconductors, which claim to improve power delivery in data centers and other industrial applications.

<ul class="summary-bullets"><li>Citi cut its BJ’s price target to $100 from $118, citing weaker merchandise margins and lower valuations in the retail sector.</li><li>BofA cut its BJ’s price target to $100 from $110, saying near-term challenges could limit earnings growth despite strong Q1 results.&nbsp;</li><li>BJ’s CEO Robert Eddy said higher gas prices squeezed household budgets, especially for lower-income shoppers.</li></ul>BJ's Wholesale Club Holdings (BJ) faced scrutiny from Wall Street after two firms lowered their price targets on the warehouse retailer following its fiscal first-quarter (Q1) earnings report on Friday.&nbsp;<a href="https://stocktwits.com/symbol/BJ">BJ's Wholesale Club stock</a> tumbled 8.3% on Friday, its worst day in nine months, after investors aggressively sold shares even as the company’s Q1 earnings beat Street estimates.&nbsp;<h2 class="st-heading-2">Margin Pressure And Rising Costs Cloud BJ’s Outlook&nbsp;</h2>Analysts and investors ignored the headline numbers and instead focused on weaker underlying trends tied to merchandise demand, margin pressure and unchanged annual guidance.&nbsp;&nbsp;Citi reduced its price target on BJ’s to $100 from $118 while maintaining a ‘Buy’ rating on the stock. Analysts cited weaker merchandise margin trends during the quarter and declining valuation multiples across the retail sector.However, the new price target still implied a 15% upside potential to the stock’s closing price on Friday.Bank of America also lowered its price target on BJ’s shares, trimming it to $100 from $110 while keeping a ‘Neutral’ rating. The firm acknowledged that BJ’s exceeded quarterly expectations through stronger sales and disciplined expense management, but warned that several near-term challenges could limit future earnings upgrades.Analysts were concerned about weaker merchandise profits during the quarter. Retailers are still dealing with high shipping and supply chain costs, while heavy discounting and competitive pricing are putting more pressure on profit margins.<h2 class="st-heading-2">Rising Gas Prices Add Pressure On BJ’s Shoppers&nbsp;</h2>In the Q1 earnings call, BJ's Wholesale Club Chairman and CEO Robert Eddy said gas prices rose sharply during the quarter, making it harder for customers to manage household expenses.&nbsp;“Gas prices remain elevated, and that pressure is real for families. To put this in further context, in April alone, our members spent $143 million more at our pumps than they did a year ago. That's equivalent to approximately 3.5% in merchandise comp dollars,” said Eddy.&nbsp;Eddy added that lower-income households are feeling greater financial pressure as rising costs continue to strain their budgets.BJ's Q1 net profit fell to $142.7 million from $149.8 million last year. The merchandise gross margin, excluding fuel sales and membership fee revenue, declined by roughly 10 basis points.&nbsp;<h2 class="st-heading-2">What BJ’s Retail Traders Are Saying&nbsp;</h2>On Stocktwits, retail sentiment around the stock shifted from ‘extremely bullish’ to ‘bullish’ the previous day.&nbsp;A user&nbsp;<a href="https://stocktwits.com/Starcox8/message/654298304">said</a>, “Will be interesting to see what happens to those who shorted this stock on Friday. I’m not confident it will go in the direction the bears are hoping for.”Another user&nbsp;<a href="https://stocktwits.com/Free6969/message/654189970">said</a>, “Earnings report wasn’t that bad, stock oversold. started a long position.”BJ stock has declined nearly 4% year-to-date.&nbsp;Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/adam-back-memecoins-zero-hyperbitcoinization-dogecoin-rallies/cZgEYylReYj">Adam Back Warns Memecoins Are Going To Zero Amid ‘Hyperbitcoinization’ — Dogecoin Rallies Higher</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

People walk near the front entrance to a BJ's Wholesale Club store in Miami, Florida.

What’s Hurting BJ Stock? Wall Street Points To Gas Costs, Margin Squeeze, Weak Consumer

BJ's Wholesale Club Holdings (BJ) faced scrutiny from Wall Street after two firms lowered their price targets on the warehouse retailer following its fiscal first-quarter (Q1) earnings report on Friday.&nbsp;

Both Citi and BofA lowered their price targets on the warehouse retailer after the company's fiscal first-quarter earnings. 


<ul class="summary-bullets"><li>MU stock was up 4.4%, while SNDK stock rose 3%.</li><li>Alphabet and Advanced Micro Devices were among the biggest names slated for removal from the Russell 1000 Value Index.</li><li>Retail sentiment was ‘neutral’ for MU and ‘bearish’ for SNDK.</li></ul>Micron Technology and SanDisk stocks rose in overnight trading ahead of Tuesday, after FTSE Russel moved the widely-tracked memory chip stocks from a value index to a growth index.MU was up 4.4%, while SNDK was up 3%. Shares of WDC and STX also gained, rising about 1.7%.&nbsp;FTSE Russell announced a preliminary list of changes to its indexes on Friday after the market closed. Micron and SanDisk are proposed for removal from the Russell 1000 Value Index and addition to the Growth index, driven by sharp rallies amid high demand for memory chips and AI-related momentum.Google parent Alphabet and Advanced Micro Devices are set to be removed from the Russell 1000 Value Index, while Apple and Microsoft will join the index.The list released on Friday remains preliminary and will be finalized on June 18, ahead of the index reconstitution, which takes&nbsp;effect on June 29.<h2 class="st-heading-2">Growth Classification A Boost</h2>The classification is significant because hundreds of institutional investors, including exchange-traded funds (ETFs) and mutual funds, base their portfolio allocations on these index classifications. As a result, any rebalancing can trigger large shifts in fund holdings, potentially triggering moves in the stocks in question.The Russell 1000 Index tracks the 1,000 largest publicly traded U.S. companies and represents the vast majority of the U.S. stock market’s total value, making it a key benchmark for large-cap investing.A breakneck pace of AI data center buildout has&nbsp;driven incredible demand for memory components and chips, leading to shortages and price hikes. Major producers have seen significant growth in their businesses over the last year, with their stocks growing severalfold, and analysts expect&nbsp;favorable market dynamics to persist over the next few years.<h2 class="st-heading-2">MU, SNDK Stock Move, Recent Catalysts</h2><a href="https://stocktwits.com/symbol/SNDK">SanDisk shares</a> have gained a staggering 523% year to date, while&nbsp;<a href="https://stocktwits.com/symbol/MU">Micron shares</a> are up 163%. The&nbsp;<a href="https://stocktwits.com/symbol/DRAM">Roundhill Memory ETF (DRAM)</a>, a newly launched fund that tracks U.S. and Korean memory stocks, including Samsung and SK Hynix, has gained 84% since its launch on April 2.Last week, sentiment in the sector improved after Nvidia’s earnings beat, which confirmed that AI chip demand remains strong, and Samsung&nbsp;signed a preliminary&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ai-memory-plays-mu-sndk-stx-wdc-jump-overnight-nvidia-earnings-beat-samsung-strike-pause-are-the-catalysts/cZXzqN3RenC">deal</a> with workers to avoid a major strike that could have disrupted the global chip supply chain.&nbsp;Meanwhile, Micron&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/micron-starts-making-1-alpha-dram-chips-in-the-us-says-it-will-strengthen-america-s-domestic-memory-supply/cZgRhTCReox">said</a> on Friday it would invest more than $2 billion to expand and modernize its memory chip manufacturing facility in Manassas, Virginia, and has started production of its 1α DRAM chip, which it described as the most advanced memory chip ever manufactured in the U.S.<h2 class="st-heading-2">Retail Cautious After Sharp Runup</h2>Despite strong business forecasts, the sharp run-up in memory stocks has left investors questioning how much upside remains. As a result, retail traders have stayed cautious. On Stocktwits, retail sentiment was “neutral” on MU and “bearish” on SNDK and DRAM as of late Monday.“$MU is showing strong overnight momentum, up ~4.5% in after-hours flow, with traders rotating back into semis on renewed attention after recent macro commentary tied to the name,” a trader&nbsp;<a href="https://stocktwits.com/FibonacciTrader_/message/654327224">wrote</a>.“Key question for tomorrow is follow-through vs fade. If premarket strength holds and volume confirms at the open, a 10%+ intraday extension isn’t off the table in a momentum tape, but it still needs participation, not just gap strength,” they said.Monday was a market holiday&nbsp;in observance of Memorial Day.For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

A smartphone displays the logo of Micron Technology Inc. (Photo illustration by Cheng Xin/Getty Images)

Why Are MU, SNDK Stocks Surging In Overnight Trading?

According to a preliminary list released by FTSE Russell on Friday, Micron and SanDisk will be added to the Russell 1000 Growth Index.

<ul class="summary-bullets"><li>An Iranian delegation has reportedly traveled to Qatar to consult with senior officials on the negotiations amid the ongoing conflict.</li><li>Dow, S&amp;P 500, and Nasdaq futures all climbed higher in Monday’s overnight session on hopes for a U.S.-Iran peace deal.</li><li>Oil futures were mixed overnight but traded below $100 a barrel.</li></ul>U.S. stock futures edged higher in the overnight trading session heading into Tuesday as hopes for a U.S.-Iran deal that would eventually lead to the reopening of the Strait of Hormuz boosted investor sentiment.Nasdaq 100 climbed 0.83%, the S&amp;P 500 futures were 0.62% higher, and the Dow futures were up 0.59% as of 9.12 p.m ET. &nbsp;Among ETFs tracking benchmark indexes, the <a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, <a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a> and <a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust (DIA)</a> all traded higher at the time of writing. The <a href="https://stocktwits.com/symbol/TLT">iShares 20+ Year Treasury Bond ETF (TLT)</a> was also up about 0.41% amid ‘bullish’ sentiment.<h2 class="st-heading-2">How Did US Markets Fare?</h2>On Friday, benchmark indexes closed higher, with the S&amp;P 500 posting its longest streak of weekly gains since 2023, while the Dow Jones index also climbed to a 52-week high, closing up 0.58%. The Nasdaq Composite added about 50 points to end the session 0.19% higher.U.S. markets were closed on Monday in observance of Memorial Day.<div><figure class="table"><table class="ck-table-resized"><colgroup><col><col><col></colgroup><tbody><tr><td>Index</td><td>Move</td><td>Close</td></tr><tr><td>Dow Jones Industrial Average</td><td>0.58%</td><td>50,579.70</td></tr><tr><td>S&amp;P 500</td><td>0.37%</td><td>7,473.47</td></tr><tr><td>Nasdaq Composite</td><td>0.19%</td><td>26,343.97</td></tr></tbody></table></figure></div><h2 class="st-heading-2">US Market Drivers</h2>U.S. stock markets turned optimistic about a potential peace deal between the U.S. and Iran, even as an Iranian delegation reportedly traveled to Qatar for consultations with senior officials.Meanwhile, U.S. President Donald Trump said in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116635193825443617">post</a> on Truth Social on Monday that negotiations with Iran “are proceeding nicely!” However, the president added, “It will only be a Great Deal for all or, no Deal at all — Back to the Battlefront and shooting, but bigger and stronger than ever before — And nobody wants that!”Trump also urged Saudi Arabia, Qatar, Pakistan, Turkey, Egypt, and Jordan to join the Abraham Accords to normalize relations with ‌Israel. “...after all the work done by the United States to try and pull this very complex puzzle together, &nbsp;it should be mandatory that all of these Countries, at a minimum, simultaneously sign onto the Abraham Accords,” he said.Pakistan has reportedly rejected the proposal, while none of the other countries have publicly responded to the demands.Reports have also suggested that the U.S. and Iran are working on a plan to reopen the Strait of Hormuz about 30 days after a deal is reached, with Iran clearing mines from the strait to allow ships to pass through the waterway safely, according to a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://asia.nikkei.com/spotlight/iran-tensions/iran-war/iran-to-open-hormuz-30-days-after-us-deal-to-end-fighting-source">report</a> from Nikkei.However, the U.S. military conducted “self-defense strikes” on southern Iran, targeting Iranian missile sites and boats attempting to place mines.Meanwhile, global stock markets rose to record highs on Monday, while oil prices slid lower amid hopes that the worst of the Middle East energy shock has passed. Markets will also be watching Kevin Wash’s first official day as the Federal Reserve chair, as inflation concerns in the country have revived conversations about rate hikes.<h2 class="st-heading-2">Trending Stocks To Watch</h2>BlackBerry Ltd. (BB): Shares of the company jumped onto the retail radar after it climbed more than 8%. Investors have turned optimistic about its "profitable growth phase," driven by rising <a href="https://stocktwits.com/news-articles/markets/equity/black-berry-goes-from-burning-cash-to-powering-physical-ai-qnx-robots/cZgbyM9Re8y">demand</a> for its QNX software platform across automotive systems, robotics, and physical AI applications.Infleqtion Inc. (INFQ): The quantum stock gained more than 3% in the overnight trading session, continuing to climb on the announcement from last week of a massive $2 billion government funding into the quantum computing sector.Navitas Semiconductor Corp. (NVTS): Shares of the Nvidia partner jumped more than 6% in Monday’s overnight session, extending a three-day gain ahead of its participation in the Craig-Hallum Institutional Investor Conference later this week, where the company is expected to showcase its latest gallium nitride (GaN) and GeneSiC silicon carbide (SiC) products.AST SpaceMobile Inc. (ASTS): The satellite communications company gained more than 5% in the overnight trading session on Monday as investors piled into the stock over a growing appetite for companies in the space economy.<h2 class="st-heading-2">Broader Market Trends</h2>Oil futures were mixed overnight heading into Tuesday, trading below $100 a barrel. Brent crude futures expiring in July were up about 1.35%, trading at around $97.44 a barrel, while WTI crude futures expiring in June were down about 5.6%, trading around $91.18 a barrel at the time of writing.Yields on the 10-year Treasury were at 4.504%, while gold prices slipped to around $4,542.57 an ounce.Asian markets were also mixed at the open on Tuesday. While South Korea’s KOSPI hit a fresh record and the SSE Composite index climbed at the time of writing, Japan’s Nikkei 225 declined. Australian stocks were also lower at the open.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Stocks rose at the opening with reports of the U.S. giving Iran a plan to bring the conflict to an end that sent crude prices tumbling, with the Dow Jones leading the way opening with a gain of over 500 points. (Photo by Michael M. Santiago/Getty Images)

S&P 500, Nasdaq, Dow Futures Rise On Hopes Of Hormuz Reopening As Trump Teases ‘Great Deal’ With Iran: BB, INFQ, NVTS, ASTS In Focus

U.S. President Donald Trump said in a post on Truth Social on Monday that negotiations with Iran are proceeding nicely, even as the military conducted “self-defense strikes” on southern Iran.

<ul class="summary-bullets"><li>Tom Lee’s Bitmine Immersion Technologies was sitting on nearly $8 billion in unrealized Ethereum-linked losses with an average entry near $3,500.</li><li>Bitmine and Sharplink Gaming were added to FTSE Russell’s preliminary Russell 3000 inclusion list.</li><li>Ethereum faces fresh pressure as senior Ethereum Foundation researchers depart and critics question ETH’s weakening performance against Bitcoin.</li></ul>Tom Lee’s Bitmine Immersion Technologies (BMNR) holds roughly 5.8 million Ethereum (ETH) tokens, a position that has now translated into nearly $8 billion in unrealized losses.&nbsp;The pressure around that position has spilled into the market debate. Crypto trader Rekt Fencer&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/rektfencer/status/2058230727632953707?s=20">argued</a> that ETH/BTC was sitting at an all-time low, while Ethereum’s chart “looks dead,” questioning what could ultimately “save” Lee’s aggressive buying strategy as Bitmine continues accumulating billions of dollars worth of ETH.<figure class="image"><a class="st-link-external" href="https://x.com/rektfencer/status/2058230727632953707?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/image_20_png_2fa0287457.webp" alt="image (20).png" width="1198" height="1276"></a><figcaption>Trader on Tom Lee as BTC/ETH ratio hit a new all-time low. Source: @rektfencer/x</figcaption></figure>However, Lee is still doubling down. Bitmine, the largest corporate holder of Ethereum, was&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ethereum-focused-sbet-bmnr-join-russell-3000-index/cZgP1TuReYg">added</a> to FTSE Russell’s list for inclusion in the large-cap Russell 3000 index alongside Sharplink Gaming (SBET) on Friday, a move that could potentially force passive index funds and exchange-traded funds (ETFs) to collect the stock if the inclusion becomes final. Lee separately&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/fundstrat/status/2058069225063776678?s=20">noted</a> that Bitmine was also “on the preliminary list for inclusion into the large-cap Russell 1000.”<figure class="image"><a class="st-link-external" href="https://x.com/fundstrat/status/2058069225063776678?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_11_59_27_AM_png_3341ef2b9c.webp" alt="Screenshot 2026-05-24 at 11.59.27 AM.png" width="1162" height="444"></a><figcaption>Tom Lee suggests BMNR is on the preliminary list for Russell 1000 inclusion. Source: @fundstrat/x</figcaption></figure>Lee&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/fundstrat/status/2058072346204741658?s=20">noted</a> that many active managers only purchase Russell 1000 constituents and estimated that passive funds typically hold between 20% and 25% of a company’s float. That means index-tracking ETFs and passive investment funds could eventually become automatic buyers of Bitmine shares if the company formally enters the index.<figure class="image"><a class="st-link-external" href="https://x.com/fundstrat/status/2058072346204741658?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_12_01_17_PM_png_a24e2c6a2d.webp" alt="Screenshot 2026-05-24 at 12.01.17 PM.png" width="1188" height="1264"></a><figcaption>Tom Lee suggests BMNR is on the preliminary list for Russell 1000 inclusion. Source: @fundstrat/x</figcaption></figure><a href="https://stocktwits.com/coins/ethereum">Ethereum’s price</a> was trading at $2,107, up over 3% during the past 24 hours. On Stocktwits, the retail sentiment around ETH moved to ‘neutral’ from ‘bearish’ while chatter around it stayed in the ‘high’&nbsp; levels during the past day.<h2 class="st-heading-2">Macro Risks Continue Building</h2>Although Lee described the Russell 1000 inclusion as “positive” development for Bitmine, the broader macro scene remains complicated. On Friday, Lee&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=-3jn53ZjmvY">warned</a> that markets could still face a major correction later this year, driven by midterm elections, tightening petroleum inventories, and broader macro uncertainty, even as the Dow Jones Industrial Average continued hovering near record highs.<figure class="image"><a class="st-link-external" href="https://x.com/HenrikZeberg/status/2058485376315015237?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_12_02_31_PM_png_40b798e7d0.webp" alt="Screenshot 2026-05-24 at 12.02.31 PM.png" width="1182" height="1442"></a><figcaption>Analyst Henrik Zeberg on Tom Lee's prediction. Source: @HenrikZeberg/x</figcaption></figure>That cautious outlook was amplified by macro analyst Henrik Zeberg, who&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/HenrikZeberg/status/2058485376315015237?s=20">argued</a> on Sunday that the “stock market is in LaLa-Land” and warned that weakening consumers could ultimately trigger a broader market crash.<h2 class="st-heading-2">Ethereum Faces Growing Internal Pressure</h2>At the same time, Ethereum itself is facing growing internal criticism. Simon Dedic, the Founder of Moonrock Capital, a crypto-native venture capital boutique firm,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/sjdedic/status/2058137246436327728?s=20">said</a> that nine senior Ethereum Foundation (EF) researchers and key operators had exited the organization this year alone, including several longtime ecosystem figures. Dedic argued the departures represented a “massive red flag” regardless of how the restructuring narrative is framed.<figure class="image"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_12_04_19_PM_png_f903a98268.webp" alt="Screenshot 2026-05-24 at 12.04.19 PM.png" width="1166" height="790"><figcaption>Source: @lex_node/x</figcaption></figure>The debate comes as Ethereum’s role in institutional tokenization infrastructure also remains under scrutiny. Gabriel Shapiro, a prominent crypto lawyer,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/lex_node/status/2058520203730759870?s=20">questioned</a> whether regulators would ultimately allow synthetic token structures tied to real-world assets, while others defended Ethereum’s decentralization and uptime as key advantages for institutional finance applications.Read also: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/us-strategic-bitcoin-reserve-picks-up-speed-congress-has-a-six-month-window-to-make-it-law/cZgEt0zReYk">US Strategic Bitcoin Reserve Picks Up Speed — Congress Has A Six-Month Window To Make It Law, Warns Congressman Begich</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

FundStrat Global Advisors Managing Partner Tom Lee speaks onstage at Yahoo Finance All Markets Summit on October 25, 2017 in New York City. (Photo by Cindy Ord/Getty Images for Yahoo)

Tom Lee’s BMNR Is Sitting On $8 Billion In Unrealized Losses On Its Ethereum Position, Eyes A Russell 1000 Inclusion

Tom Lee continues warning that broader markets could face a major correction later this year despite record equity levels.

Tom Lee's BMNR: $8B Underwater, Russell 1000 Bound

<ul class="summary-bullets"><li>Nick Begich introduced the ARMA Act to establish a U.S. Strategic Bitcoin Reserve backed by 5% of the global supply, funded by seized Iranian crypto assets.</li><li>Begich dubbed it "the new Fort Knox" and warned the GOP had six months to pass it before the November midterms.</li><li>White House spokesman Patrick Witt called the reserve's legal and custodial framework a "breakthrough" at Consensus 2026.</li></ul>Republican lawmakers are reportedly working to enact legislation that would formally establish a U.S. Strategic Bitcoin Reserve (SBR), according to Congressman Nick Begich (R-AL).The American Reserve Modernization Act (ARMA) has been submitted by Congressman Begich. The proposal would have the federal government buy and hold around 5 percent of the world’s Bitcoin (BTC) supply – the same percentage of world gold reserves that the U.S. has stored at Fort Knox.Speaking in an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=-Q8OvzXimjo">exclusive interview</a> with Fox Business, Begich referred to the plan as "the new Fort Knox" and stated that no public funds would be needed because it would be fully financed by seized Iranian cryptocurrency holdings amassed during Operation Economic Fury. "This is basically the new Fort Knox," he said.Begich has also solved the funding question. The Treasury is currently seizing crypto assets tied to Iran through Operation Economic Fury. His plan included taking the Ayatollah's Bitcoin and dropping it directly onto the U.S. balance sheet — zero taxpayer dollars required.But Begich's sharpest message was aimed at his own party. Republicans control both chambers of Congress today. That may not be true after November.&nbsp;"Conservatives have a tight six-month window to pass this bill and lock it into law," he warned, adding that an executive order is only as durable as the president who signed it — and the next occupant of the White House could undo it overnight.<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $76,360, up over 1% in the last 24 hours. On Stocktwits, retail sentiment around BTC dropped to ‘bearish’ from the ‘extremely bearish’ zone, while chatter stayed at ‘normal’ levels over the past day.<h2 class="st-heading-2">A Breakthrough In Strategic Bitcoin Reserve</h2>The bill has drawn&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/strategic-bitcoin-reserve-hits-breakthrough-says-white-house-digital-assets-director-patrick-witt/cZXY0eXRel3">backing from the White House</a>. Patrick Witt, executive director of the White House’s Presidential Advisory Committee on Digital Assets, stated publicly at the Consensus 2026 conference that the legal and institutional framework for this reserve project has reached key “breakthroughs”.All project processes are fully legal and compliant, with asset protection measures in place. The project’s advancement has not been overshadowed by the high attention surrounding the concurrently passed Clarity Act.&nbsp;Cross-agency work for the initiative is led by Harry John, Witt’s deputy, who collaborates with the policy team led by Stephen Miller. Witt also cited the case of losses incurred by the U.S. Marshals Service from its seized cryptocurrency holdings to demonstrate the necessity of establishing a new custodial system, warning that policies rolled out solely via executive orders are vulnerable to being overturned by future ruling parties.&nbsp;"If we're not setting the rules, we will be following somebody else's rulebook," Witt said.If passed, the law would make the US government one of the largest holders of bitcoin in the world, firmly establishing the commodity’s nascent role as a sovereign reserve asset, akin to gold.&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/adam-back-memecoins-zero-hyperbitcoinization-dogecoin-rallies/cZgEYylReYj">Adam Back Warns Memecoins Are Going To Zero Amid ‘Hyperbitcoinization’ — Dogecoin Rallies Higher</a>For updates and corrections, email newsroom[at]stocktwits[dot]com

Rep. Nick Begich, R-Alaska, speaks during a news conference with House Republican leadership in the Capitol Visitor Center on Tuesday, November 18, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

US Strategic Bitcoin Reserve Picks Up Speed — Congress Has A Six-Month Window To Make It Law, Warns Congressman Begich

Witt warned that if the United States doesn’t set the rules, the crypto industry will follow “somebody else's rulebook."

Seizing Ayatollah's Bitcoin: America's New Fort Knox Plan Races The Midterm Clock, Says Congressman Begich

Cryptocurrency

<ul class="summary-bullets"><li>Adam Back said the “efficient market” is finally catching up with memecoins and altcoins, urging investors to “buy bitcoin, hodl, repeat.”</li><li>Back argued that many speculative crypto tokens could eventually be priced “at $0” under the Efficient Market Hypothesis.</li><li>Jordi Visser said Bitcoin could break out “before the end of summertime” if Dogecoin, gold, and silver continue rising together.</li></ul>Adam Back said on Sunday that the “efficient market” was coming for memecoins, smart-contract coins, and “air tokens,” as the Blockstream CEO argued that speculative crypto sectors were increasingly losing ground to Bitcoin (BTC).“Buy bitcoin, hodl, repeat,” Back, the inventor of Hashcash, a proof-of-work system that influenced Bitcoin’s design,&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/adam3us/status/2058481668357337455">wrote</a>, while separately&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/adam3us/status/2058482316595306681">adding</a> that “hyperbitcoinization is nigh.” His comments followed an earlier post on Saturday in which he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/adam3us/status/2058275705822101989?s=20">argued</a> that the Efficient Market Hypothesis (EMH) should eventually price many alternative crypto tokens “at $0.”<figure class="image"><a class="st-link-external" href="https://x.com/adam3us/status/2058481668357337455" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_9_08_53_AM_png_527a1b67d6.webp" alt="Screenshot 2026-05-24 at 9.08.53 AM.png" width="1154" height="400"></a><figcaption>Adam Back on memecoins. Source: @adam3us/x</figcaption></figure><figure class="image"><a class="st-link-external" href="https://x.com/adam3us/status/2058482316595306681" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_9_09_50_AM_png_477808baa0.webp" alt="Screenshot 2026-05-24 at 9.09.50 AM.png" width="1032" height="254"></a><figcaption>Adam Back on hyperbitcoinization. Source: @adam3us/x</figcaption></figure><figure class="image"><a class="st-link-external" href="https://x.com/adam3us/status/2058275705822101989?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_9_10_40_AM_png_e2951b5171.webp" alt="Screenshot 2026-05-24 at 9.10.40 AM.png" width="1156" height="446"></a><figcaption>Adam Back on Bitcoin and memecoins. Source: @adam3us/x</figcaption></figure>Back, a long-term supporter of Bitcoin, has repeatedly&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/adam3us/status/2052265944462905838?referrer=grok-com">criticized</a> memecoins for relying more on speculation than long-term utility or monetary value, and has labeled them as “shitcoins.”<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was up over 3% during the past 24 hours. On Stocktwits, the retail sentiment around BTC moved to ‘bearish’ from ‘extremely bearish’ while chatter stayed in the ‘normal’ levels over the past day.&nbsp;<h2 class="st-heading-2">Dogecoin Rally Amidst Bitcoin Narrative</h2>Back’s comments came as speculative crypto assets like Dogecoin (DOGE) moved higher alongside Bitcoin on Sunday.&nbsp;That larger market scene was also&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=-pVlPkzQCoc&amp;t=1730s">highlighted</a> by veteran investor Jordi Visser, who argued in an interview with Anthony Pompliano, founder of Professional Capital Management, that Bitcoin could break out “before the end of summertime” if Dogecoin, gold, and silver continue to rise together.&nbsp;Visser described Dogecoin as a gauge for speculative liquidity returning to markets, while strength in gold and silver reflected deeper macro stress building across traditional financial assets.<a href="https://stocktwits.com/coins/dogecoin">Dogecoin’s price</a> was also rallying over 3% during the past 24 hours. On Stocktwits, the retail sentiment around DOGE remained in the ‘extremely bearish’ zone while chatter stayed in the ‘low' levels over the past day.&nbsp;However, the recent rally across Bitcoin and memecoins has not fully removed ‘bearish’ concerns among analysts.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/CryptoMichNL/status/2058202794226577548" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_24_at_9_13_38_AM_png_6bc70c41ba.webp" alt="Screenshot 2026-05-24 at 9.13.38 AM.png" width="1154" height="1434"></a><figcaption>Analyst Michaël van de Poppe warns of a drop in Bitcoin towards $60K. Source: @CryptoMichNL/x</figcaption></figure>MNF Fund Founder and popular analyst Michaël van de Poppe&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/CryptoMichNL/status/2058202794226577548">continues</a> to watch the $75,000 to $76,000 range as a critical support zone for Bitcoin, warning that a breakdown below those levels could push BTC toward $60,000 before any broader breakout develops.&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/mckinsey-every-thousand-dollar-usdc-banks-lose-funding/cZgEnn3ReY1">McKinsey Reports: For Every $1,000 In USDC, Banks Lose $850 In Funding</a> For updates and corrections, email newsroom[at]stocktwits[dot]com

Bitcoin mining machine. Square wheels - symbolize blockchain. Field of coins - coin mining. Robot moves by rolling square wheels on semicircular coins. 3D rendering illustration.

Adam Back Warns Memecoins Are Going To Zero Amid ‘Hyperbitcoinization’ — Dogecoin Rallies Higher

Bitcoin could revisit $60,000 if the key $75,000 to $76,000 support zone breaks down, an analyst says.

SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

BlackBerry Ltd. engages in the provision of intelligent security software and services. It operates through the following segments: QNX, Secure Communications, and Licensing. The QNX segment includes development of safe and reliable software for embedded systems across technology-driven industries. The Secure Communications segment delivers operational resiliency with a government-grade portfolio of secure, certified solutions for mobile fortification, critical communications and crisis management. The Licensing segment focuses on management and monetization of the firm's global patent portfolio. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.

BlackBerry Ltd

BlackBerry is experiencing a significant surge in trading volume and social sentiment as the community re-evaluates its QNX software as a critical, foundational layer for physical AI and robotics rather than a legacy telecommunications asset. Investors are increasingly optimistic about long-term institutional adoption and the company's role within major AI infrastructure ecosystems, driving strong bullish momentum.

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks. The Network Infrastructure serves communication service providers, enterprises, webscales and public sector customers. The Cloud and Network Services segment builds around software and the cloud and is focused on driving leadership in cloud-native software and as-a-service delivery models, as demand for critical networks accelerates; and with strong market positions in communications software, private wireless networks, and cognitive (or intelligent) services. The Nokia Technologies segment, building on decades of innovation and R&D leadership in technologies used in virtually all mobile devices used today, is expanding the Nokia patent licensing business, reintroducing the Nokia brand to smartphones through brand licensing, and establishing a technology licensing business. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

Nokia Corp - ADR

Nokia Corp

Nokia is trending due to its strategic positioning as a key infrastructure provider for AI, driven by a high-profile partnership and investment from NVIDIA that emphasizes its role in next-gen 5G and AI-RAN technology. The community is actively discussing the stock's potential as an AI-driven growth play, with intense focus on heavy call options activity and bullish sentiment surrounding its vertical integration into data center networking.

Redwire Corp. manufactures and supplies space equipment. It offers critical space solutions and reliability components for the next generation space economy with IP for solar power generation and in-space 3D printing and manufacturing. It assists its customers in solving challenges of future space missions. The company was founded in 2020 and is headquartered in Jacksonville, FL.

Redwire Corporation

Redwire Corp

Redwire Corp is seeing significant momentum as investors pivot toward the space infrastructure sector, fueled by defense contract wins and anticipation surrounding the upcoming SpaceX IPO. Community sentiment is largely bullish, with many participants actively discussing the stock's potential for a long-term re-rating as they draw comparisons to other high-growth space stocks.

Tema ETF Trust - Tema Space Innovators ETF

The Tema Space Innovators ETF (NASA) is trending as retail investors seek accessible exposure to the upcoming SpaceX IPO through its specialized holdings. Community members are actively debating the ETF's inclusion of private SpaceX assets versus holding individual space stocks like Rocket Lab and AST SpaceMobile as the sector builds momentum around major launch milestones.

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts.  The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.  The project traces its origins back to 2004 with Ryan Fugger before being co-founded in its modern form by Jed McCaleb and Chris Larsen. The company, now known as Ripple, works with major financial institutions as partners and investors to build global payment solutions. To protect the network from spam, a small amount of XRP is burned during every transaction, and the token is further utilized by institutions as collateral to access traditional markets and manage digital asset infrastructure.  Institutional adoption of the asset reached a major milestone in November 2025 when the SEC approved the first wave of spot XRP ETFs. These products, offered by major issuers including Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton, are now listed on prominent exchanges like the NYSE Arca, Nasdaq, and Cboe BZX. While Ripple remains a key contributor to the ecosystem, the underlying XRP Ledger continues to operate as an open-source and decentralized network.

Ripple

The community remains sharply divided as Ripple navigates ongoing regulatory uncertainty and institutional integration efforts. While many investors are actively accumulating the asset, betting on the long-term potential of the Clarity Act and real-world asset tokenization, others are expressing significant frustration over price stagnation and recurring selling pressure.

Sidus Space, Inc. is a space-as-a-service company. The firm focuses on commercial satellite design, manufacture, launch planning, mission operations and in-orbit support, and data collection with a vision to demonstrate space operations for new technologies, and deliver data and predictive analytics to both domestic and global customers. The company was founded by Carol M. Craig on July 17, 2012 and is headquartered in Merritt Island, FL.

Sidus Space Inc - Ordinary Shares - Class A

Sidus Space is trending due to intense speculation surrounding its position as a high-leverage, low-float play in the aerospace sector ahead of the highly anticipated SpaceX IPO. The community is heavily focused on the stock's potential for a major technical breakout, with discussions centering on its recent operational updates, institutional accumulation, and the belief that the broader space economy is reaching an inflection point.

Li Auto, Inc. engages in the design, development, manufacture, and sale of premium smart electric vehicles. Its products include Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, and Li L8, a six-seat premium family SUV, and Li L7, a five-seat flagship family SUV. The firm also offers in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. The company was founded by Xiang Li in April 2015 and is headquartered in Beijing, China.

Li Auto Inc - ADR

Li Auto is trending as investors digest weak Q2 financial results and a conservative Q3 delivery outlook, which have fueled concerns about slowing growth amid fierce competition in the Chinese EV market. The community is actively debating the stock's long-term viability, with some traders highlighting oversold conditions and potential upside from upcoming model launches, while others focus on delivery volume declines and quality control challenges.

Groupon, Inc. engages in the global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International geographical segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in October 2008 and is headquartered in Chicago, IL.

Groupon Inc

Groupon is experiencing a surge in social sentiment as retail investors position for a potential short squeeze, citing high short interest and the company's ongoing share buyback program. The community is actively discussing the stock's tight float and technical setup, with many comparing its current mechanics to previous high-profile squeeze candidates while monitoring upcoming earnings for a catalyst.

Entrepreneurshares Series Trust - ERShares Private-Public Crossover ETF

Investors are flocking to XOVR for its exposure to SpaceX, as the community actively compares it to other vehicles like DXYZ while weighing the benefits of its NAV-based pricing. The core discussion centers on the potential for significant appreciation once SpaceX moves toward a public listing or formal valuation update.

TransMedics Group, Inc. operates as a commercial stage medical technology company. The firm engages in the development and commercialization of organ care system platform. It focuses on the preservation of human organs for transplant in a near-physiologic condition to address the limitations of cold storage organ preservation. The company was founded by Waleed H. Hassanein in August 1998 and is headquartered in Andover, MA.

Transmedics Group Inc

Transmedics Group is facing significant downward pressure following an earnings report that missed profit expectations due to heavy expansion and logistics spending, despite robust top-line revenue growth. Community sentiment remains split between long-term investors who view the current price volatility as a buying opportunity in a growth-focused platform and traders who are concerned about margin compression and potential structural risks.

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