Onto Innovation reported a 35% year-over-year revenue increase to $343 million in Q2, supported by strong demand for advanced semiconductor packaging process control. The company achieved a 30% non-GAAP operating margin and $1.93 earnings per share, with management forecasting accelerated growth in the second half of the year. Key growth drivers include backlog conversion, adoption of the Dragonfly G5 system, and integration of Semilab USA and Rigaku partnerships. Trading slightly above historical multiples at around $292 per share, Onto Innovation offers an estimated 20% upside to a $350 fair value, though execution risks remain.
Bitcoin's 90-day correlation with the Nasdaq has dropped from over 60% to 33%, while its correlation with gold has increased to above 50%. This shift suggests the market may be starting to treat Bitcoin more like gold, a traditional store of value, t...
Ireland's Criminal Assets Bureau (CAB) transferred 500 BTC worth $38 million from a decade-old wallet tied to cannabis dealer Clifton Collins. This marks the fourth known recovery from Collins' Bitcoin stash, totaling 2,000 BTC valued at $155 million...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
Aptos has integrated Circle's Cross-Chain Transfer Protocol V2 (CCTP V2), enabling USDC transfers to settle in seconds instead of minutes. This upgrade connects Aptos to nine other blockchains and uses a burn-and-mint system to issue native USDC dire...
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
