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Circle Internet (CRCL) Sheds 12% After Earnings

We recently published 10 Stocks Suffer Heavy Selling Pressure. Circle Internet Group (NYSE:CRCL) is one of the worst-performing stocks on Wednesday.

Circle Internet dropped its share prices by 12.21 percent on Wednesday to close at $86.30 apiece as investors appeared to have priced in a strong earnings performance in the third quarter of the year.

In a statement, Circle Internet Group (NYSE:CRCL) said it grew its net income by 201.9 percent to $214.38 million from $71 million in the same period last year, thanks to an income tax benefit of $61 million due to stock-based compensation expense, research and development tax credits, and the impact of recently enacted US tax legislation.

Net income also included a $48 million benefit from the decrease in fair value of its convertible debt caused by a lower stock price in the third quarter.

Revenues grew by 66 percent to $739.7 million from $445.76 million year-on-year.

“Circle continued to see accelerating adoption of USDC and our platform in the third quarter as we build the new Economic OS for the internet,” said Circle Internet Group (NYSE:CRCL) Chairman and CEO Jeremy Allaire.

“As digital dollars become integrated with the technological utility of the internet, Circle’s infrastructure is helping global finance move with greater trust, transparency and velocity. With growing circulation, accelerating commercial partnerships and expanding collaboration across industries, we’re proud of the tangible progress toward a more open and efficient global financial system,” he noted.

For the full-year 2025, Circle Internet Group (NYSE:CRCL) raised its outlook for other revenues to a range of $90 million to $100 million, from $75 million to $85 million projected previously.

While we acknowledge the risk and potential of CRCL 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 time frame. If you are looking for an AI stock that is more promising than CRCL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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