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Eightco Stock Soars 3,800% on Worldcoin Accumulation Plan

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Eightco Holdings (OCTO.O) shares exploded on Monday, surging more than 3,800% after the fintech firm announced plans to raise capital and buy large amounts of Worldcoin, the cryptocurrency co-founded by OpenAI CEO Sam Altman.

The stock skyrocketed to $38.10 from Friday’s close of $1.45, marking the company’s biggest one-day gain on record. Trading volume exceeded 145 million shares, far above its 30-day average of under 5 million.

Eightco said it will raise about $250 million through a private placement of 171,000 shares at $1.46 each, with proceeds dedicated to acquiring Worldcoin. Peter Thiel-backed BitMine, which runs a similar strategy by stockpiling ether, will also invest $20 million.

The strategy mirrors Michael Saylor’s MicroStrategy, the largest corporate holder of bitcoin, and comes as U.S. crypto markets surge under supportive Trump-era regulations.

Worldcoin, launched in 2019, pairs a digital ID system with crypto distribution, offering users tokens in exchange for biometric iris scans. The total value of Worldcoin tokens stands at $2.7 billion, per CoinGecko.

Adding to momentum, Daniel Ives, a senior analyst at Wedbush Securities, will become board chairman of Eightco. The firm plans to change its ticker to “ORBS” on the Nasdaq around September 11.

Until now, Eightco was a tiny player: with just 3 million shares outstanding and a market cap of $4.4M as of last close, Monday’s rally represents a seismic shift in scale for the company.

Shopify Raises Revenue Outlook on Strong Consumer Demand, Shares Jump 20%

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Shopify (SHOP.TO) forecasted upbeat quarterly revenue on Wednesday, citing resilient consumer demand and strong seller performance despite tariff pressures. The Canadian e-commerce platform’s shares surged 20% following the announcement.

Shopify’s merchant base showed steady growth through early August, building on a 31% revenue jump in the April-June quarter. The company’s results helped ease investor concerns over uncertainty caused by shifting U.S. trade policies under President Donald Trump.

“We haven’t seen any drops in U.S. demand, whether inbound, outbound or local. In fact, the U.S. accelerated in the second-quarter,” CFO Jeff Hoffmeister said on the post-earnings call, noting strong growth across all merchant segments. High-volume sellers with more than $50 million in annual gross merchandise volume (GMV), as well as smaller sellers under $2 million, performed particularly well.

Shopify also reported that many merchants have been raising prices, although specific details were not disclosed. This contrasts with e-commerce giant Amazon’s recent statement that it has yet to see a notable rise in prices despite strong retail results.

Analyst Charlie Miner of Third Bridge commented, “The tariff situation is still playing out… but there is clarity on how consumers will react, and Shopify appears largely unaffected so far.”

Looking ahead, Shopify expects third-quarter revenue growth in the mid- to high-twenties percentage range, above analysts’ consensus estimate of 21.54%, based on data from LSEG.

The company’s investments in artificial intelligence-powered tools to help merchants automate tasks such as website building, image generation, and sales data analysis are contributing to its momentum.

Palantir Shares Surge Nearly 9% After Raising Revenue Forecast on Strong AI Demand

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Palantir Technologies (PLTR.O) shares jumped nearly 9% in early trading Tuesday after the company raised its annual revenue forecast for the second time this year. The data analytics and defense software firm is benefiting from strong demand for its AI-driven services across governments and enterprises.

Palantir’s stock has doubled this year and climbed more than 600% over the past three years, making it the top performer on the S&P 500 through the last close. Jacob Falkencrone, Saxo’s global head of investment strategy, said Palantir is evolving from a government vendor into an essential partner for enterprises in the AI revolution.

Wedbush analysts project Palantir could reach a $1 trillion market capitalization within the next few years, up from $379.14 billion as of the latest close. Co-founded by Peter Thiel in 2003 and publicly listed in 2020, Palantir has secured multiple U.S. government contracts this year, including a $30 million deal with Immigration and Customs Enforcement.

The Trump administration’s renewed focus on national security has fueled growth, with the U.S. Army indicating it may spend up to $10 billion on Palantir’s services over the next decade. Sales to the U.S. government surged 53% in Q2 to $426 million, accounting for over 42% of Palantir’s roughly $1 billion total revenue for the quarter.

Valuation Concerns:
Despite its rapid growth, some analysts warn Palantir’s valuation is extremely high, trading at more than 200 times 12-month forward earnings—far above AI peer Nvidia’s multiple of 34.81. Morningstar analysts noted the company’s robust competitive advantages but cautioned that the valuation is increasingly difficult to justify.

Palantir also expects higher expenses in Q3 due to seasonal hiring amid competition for AI talent from major tech firms. Nevertheless, at least eleven brokerages raised their price targets on the stock following the earnings release.