But the wise investor knows shadows don’t last. The B shares, priced under $500, are a door left ajar. The A shares, a fortress of $750,000, are for kings. Take a step back, and the picture is clear: this is a storm cloud with a silver lining. Or maybe just a storm cloud with a hole in it.
The stock’s ascent, a 233% crescendo over the past year, has outpaced the market’s murmurs. Yet, as with all labyrinths, the question lingers: where will it lead in five years? Let us trace its corridors, though the map is written in the ink of speculation.
On the third day of the third quarter, Cardinal Capital, a name that had once carried the weight of empires in the world of finance, divested itself of a portion of Brookfield. The sale, cloaked in the bureaucratic fog of SEC filings, left behind a trail of numbers: 44,619 shares, $2.92 million, and a remaining stake of 2,164,145 shares, now valued at $148.58 million. The wind carried the shares like autumn leaves, and the market, ever the scribe, noted that Brookfield’s position had shrunk to 4.3% of Cardinal’s reportable assets-a reduction as quiet as the closing of a ledger in a forgotten vault.
In an SEC filing that’s more thrilling than your average office memo, Trust Co revealed it had added 83,649 shares to its existing position in VWOB during Q3. Hold on, folks, they now hold about 253,799 shares-worth a solid $17 million as of September 30. That’s not pocket change, unless your pockets are filled with golden apples. Trust Co, like a well-trained orchestra, now has 1.7% of its assets dedicated to this ETF, which is as dramatic as it sounds in the financial world. We’re talking a good chunk of change, folks. Keep up!
The sale diluted Oracle’s weight in the fund’s 13F reportable assets to 4.9%. This follows Oracle’s 71.5% share price surge since October 2024, propelling its market cap to $838 billion-nearly within striking distance of the $1 trillion milestone.
While the company itself remained as silent as a well-locked vault, the universe conspired to make its stock dance. According to S&P Global Market Intelligence, the gains were not the result of any singular event, but rather a confluence of factors so mundane they could have been orchestrated by a committee of overworked baristas. (Imagine a world where the stock market’s entire strategy is to wait for the Fed to mumble something about rates, then leap like a startled penguin.)
IREN, having secured Nvidia’s “preferred partner” status, paraded this title like a Cossack with a new sash. Yet the real thaw began when AI’s prophets-Oracle, OpenAI, and Nvidia-unfurled scrolls predicting a future where compute power flows like honey. IREN, with its 2.91 GW of power and a fleet of GPUs expanding like a forest after fire, positioned itself as the axe-maker in an age of lumberjacks. But what is a forest but a temporary mirage for those who forget the axe dulls?
The catalyst for this bewildering surge was one Brett Knoblauch, an analyst at Cantor Fitzgerald, who-without a trace of irony-decided that Riot Platforms deserved a higher valuation. Prior to Monday’s opening bell, Knoblauch raised his price target for Riot’s stock to $26 a share from $22, maintaining his “buy” recommendation. This was, as analysts like to say, a “bullish” move, which in non-financial jargon means he believes Riot is, at least for now, a company poised to continue climbing-provided it doesn’t get hit by a meteor, suffer a catastrophic Bitcoin crash, or become the victim of a sudden and inexplicable shift in the laws of physics.
the former has agreed to purchase the latter’s data center infrastructure unit,
Just before the stock market closed on Monday, Bloomberg News reported that the Securities and Exchange Commission (SEC) is investigating AppLovin.