Latest news with #FET
Yahoo
6 days ago
- Business
- Yahoo
NVIDIA reports positive earnings, but AI tokens take a nosedive
The chipmaker reported $44.1 billion in revenue for the first quarter of fiscal 2026, up 69% from a year ago, with a record $39.1 billion coming from its data center business. 'Global demand for NVIDIA's AI infrastructure is incredibly strong,' said CEO Jensen Huang, adding that 'AI inference token generation has surged tenfold in just one year.' He called NVIDIA's new Blackwell NVL72 supercomputer a 'thinking machine' and described AI as 'essential infrastructure — just like electricity and the internet.' Still, that AI hype isn't translating to token prices. FET, the native asset of the recently formed Artificial Superintelligence Alliance, dropped 4.2% in the last 24 hours to $0.86. GRT, powering The Graph's AI indexing layer, is also down 5.8%, trading at just over 10 cents. KAITO, one of the AI search darlings of early 2024, slipped 5.9% to $2.18 despite a week of product announcements. GRASS, which gained traction for decentralizing access to AI training data, also slid nearly 6% to $2.16. While NVIDIA's success shows there's real enterprise demand for AI infrastructure, most onchain AI projects are still struggling with adoption, utility, and token economics. NVIDIA, meanwhile, is already shipping new Blackwell chips, opening AI factories with partners like Foxconn and Saudi Arabia's HUMAIN, and powering everything from OpenAI clusters to humanoid robots. It even noted in the earnings release that 'countries around the world are recognizing AI as essential infrastructure.' NVIDIA reports positive earnings, but AI tokens take a nosedive first appeared on TheStreet on May 28, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
24-05-2025
- Business
- Business Mayor
Injective leads AI token surge with 12% rise – Is $17 possible for INJ?
INJ, on the daily time frame, completed a clean inverse heads and shoulders pattern. Injective's $2B annualized trading volume for iAssets could accelerate the onboarding of tokenized stocks & RWAs. The altcoins are back to performance with most AI tokens, including Injective [INJ] and Artificial Superintelligence Alliance [FET] among others, gaining ground after potentially finishing the correction. Price analysis and market sentiment Injective completed an inverse head and shoulders pattern on the daily timeframe, and a breakout verified at the $11.16 level. Once it settled above the neckline, INJ made a big move up, rising 12% in just a day. The volume followed with an 87% daily rise. The price crossed both the 50-day EMA at $10.81 and the 100-day SMA at $11.16 and continued rising, showing momentum was bullish, and the trend could keep going. As trading increased on the breakout, it proved the structure was strong after the crossover. Should Injective's price remain supported at the neckline and by both averages, it could continue moving upwards and test the $16.50 to $17.00 level in the short run. Source: TradingView However, a failure to hold above $15.00 may trigger a slide back to $12.80—or, in a deeper retracement, to the 100-day SMA near $11.16. If that level breaks, the bullish setup would likely invalidate, opening room for downside risk. At the same time, statistics showed over 95% of respondents thought JasmyCoin [JASMY] and Injective were poised for growth. Due to the strong investor conviction, INJ was probably doing well following ongoing media appearances, keeping the project in the limelight. Read More How FTX can impact ETH's future price movements There were also sentiments of 94.90%, 94.70% and 93.40% for Jupiter [JUP], Virtuals Protocol [VIRTUAL] and Cardano [ADA], respectively. With both INJ's high ratings and the momentum, there was a real chance the protocol's ecosystem could grow over the long term. Injective's annualized volume for iAssets The media presence also helped. Ongoing exposure—including Eric Chen's recent appearance on CNBC—keeps INJ in the spotlight, boosting investor confidence. On top of price action, Injective recently hit a $2 billion annualized trading volume for its tokenized assets (iAssets). These include tokenized stocks and real-world assets (RWAs), key growth areas that are drawing both institutional and retail interest. Source: X While publicity from the DAO can lift the project's credibility, INJ's price responsiveness would rely on continuous platform implementation and changes in the market. An increase in institutional interest could bring upside movement to INJ. However, future growth needed the network to attract users and for the overall market to improve.
Yahoo
20-05-2025
- Business
- Yahoo
Forum Energy Technologies, Inc. (FET): A Bull Case Theory
We came across a bullish thesis on Forum Energy Technologies, Inc. (FET) on Substack by Unemployed Value Degen. In this article, we will summarize the bulls' thesis on FET. Forum Energy Technologies, Inc. (FET)'s share was trading at $16.31 as of May 14th. FET's forward P/E was 8.67 according to Yahoo Finance. A crowded drilling platform in the Western Canada Sedimentary Basin, the workers handling oil and natural gas equipment. Forum Energy Technologies (FET) is navigating a difficult macro environment, with oil prices nearing four-year lows and rig counts expected to decline, which could impact revenue with a six- to nine-month lag. While consumables are more resilient than frac fleets, FET's top line remains closely tied to rig activity. Management expects strength in Q2 2025 but flags a weaker Q3, prompting proactive cost cuts, including $10 million in SG&A savings. The company maintains its 2025 free cash flow guidance of $40–$60 million, equating to a compelling 22–33% yield on its $181 million market cap. However, this cash flow is largely inventory-driven, and operational margins are thin, with breakeven profitability leaving little cushion for shocks that could result in quarterly losses and share price pressure. Tariff-related supply chain inflation, including a 30% spike in domestic steel prices, is squeezing margins further—particularly in valves, where China-related headwinds have triggered a buyer's strike. Yet the subsea segment offers optimism, with strong growth in consumables and a front-loaded order book—75% of which is expected to be delivered within 12 months—though it's unclear if this stems from market share gains or broader offshore recovery. To address leverage above target, FET launched a modest buyback, repurchasing 1% of its float, and plans to use half of future free cash flow for debt reduction and the remainder for repurchases or M&A. Management views shares as undervalued and aims to reduce the float significantly. Additionally, as shale fields mature and become gassier, consumables demand may rise, extending FET's long-term growth trajectory despite current headwinds. Forum Energy Technologies, Inc. (FET) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held FET at the end of the fourth quarter which was 5 in the previous quarter. While we acknowledge the risk and potential of FET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FET but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
19-05-2025
- Business
- Yahoo
Forum Energy Technologies to Participate in Water Tower Research Fireside Chat
HOUSTON, May 19, 2025--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, will participate in a fireside chat with Water Tower Research on Wednesday, May 21, 2025 at 10:00 a.m. Central Time. The event is open access and interested parties can register through the following link: A link to the live webcast will also be available on FET's Investor Relations web page at the morning of the event. FET® is a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries. With headquarters located in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit View source version on Contacts Company Contact Rob KuklaDirector of Investor Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Forum Energy Technologies to Participate in Water Tower Research Fireside Chat
HOUSTON, May 19, 2025--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, will participate in a fireside chat with Water Tower Research on Wednesday, May 21, 2025 at 10:00 a.m. Central Time. The event is open access and interested parties can register through the following link: A link to the live webcast will also be available on FET's Investor Relations web page at the morning of the event. FET® is a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries. With headquarters located in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit View source version on Contacts Company Contact Rob KuklaDirector of Investor Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
