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Rezolve’s management, with all the humility of a poet boasting about their verse, declared the stock “undervalued.” Their logic? That private giants like Anthropic and Sierra AI, whose valuations exist more in vaporware than reality, should set the standard. “A $3.6 billion market cap? At least,” they proclaimed. “$10 billion would be reasonable.” As if numbers are not earned but wished into existence. At the time, Rezolve’s balance sheet whispered a quieter truth: $1.37 billion, a pittance in the shadow of Silicon Valley’s fantasies.

But today, the ride got a little bumpier. Keith Rabois, the co-founder who’s now chairman, offered a candid (or perhaps brutally honest) assessment of the company’s state. By midday, shares had tumbled 15.4%, as if the market had suddenly remembered that Opendoor isn’t just a viral sensation-it’s also a business.

The token’s defenders, who I imagine wear pinstripe suits and whisper in code, cite ETF approvals and institutional adoption as potential catalysts. PNC Bank and Santander using XRP for cross-border payments? It’s like if your uncle started using a gluten-free bread and suddenly everyone called him “visionary.” Maybe. But let’s not forget: My cousin once bought Dogecoin because a meme told him to, and he’s still paying off his losses in Monopoly money.

We will examine two major players in this sector-Microsoft and Snowflake-whose recent performances have spurred considerable optimism. Yet, as with all investments, caution is warranted, and the details may not be as straightforward as they first appear.