Eightco Holdings (ORBS) Tumbles 8% on Profit-Taking

We recently published 10 Big Names Crumbling Before 2026. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the worst performers on Tuesday.

Eightco Holdings fell by 8.17 percent on Tuesday to close at $1.6850 apiece as investors resorted to profit-taking following the previous day’s surge, triggered by a $125 million share buyback plan.

In a statement on Monday, Eightco Holdings Inc. (NASDAQ:ORBS) said that the buyback reflects its strong vote of confidence in its strategy and an opportunity to create greater shareholder value.

Eightco Holdings (ORBS) Tumbles 8% on Profit-Taking

“The Board and management team’s decision to authorize a share repurchase program sends a clear message about our confidence in Eightco’s strategy, execution, and long-term opportunity,” said Eightco Holdings Inc. (NASDAQ:ORBS) CEO Kevin O’Donnell.

”With disciplined capital allocation and a strong belief in the value and vision of the company, we are doubling down on our commitment to create meaningful, long-term value for shareholders as we continue to execute and scale,” he added.

Eightco Holdings Inc. (NASDAQ:ORBS) is a Worldcoin-focused treasury company, which is also investing in Ethereum tokens.

In September this year, it earned the backing of Ethereum-focused treasury firm BitMine Immersion Technologies following the latter’s $20 million investment.

While we acknowledge the risk and potential of ORBS 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 ORBS 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.