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Galaxy Digital (GLXY) Hits All-Time Low as Earnings Disappoint

We recently published 10 Big Names, Bigger Losses. Galaxy Digital (NASDAQ:GLXY) was one of the worst performers on Thursday.

Galaxy Digital fell for a 7th consecutive session on Thursday to hit a new all-time low, as investors unloaded portfolios following a disappointing earnings performance, while tracking the marked drop in Bitcoin prices during the day.

At intra-day trading, the stock declined to its lowest price of $16.67 before gaining a few cents to end the day just down by 16.47 percent at $16.84 apiece.

In its earnings call, Galaxy Digital (NASDAQ:GLXY) said it swung to a net loss of $241 million last year from a $346.7 million net income in 2024, primarily due to lower digital asset prices and approximately $160 million one-off costs tied to Bitcoin mining infrastructure, its corporate reorganization, and the embedded derivatives on outstanding exchangeable notes.

Revenues, on the other hand, surged by 42 percent to $60.4 billion from $42.6 billion year-on-year.

Operating expenses were higher by 42 percent at $61.6 billion versus $43.4 billion in 2024.

In the fourth quarter alone, net loss stood at $481.7 million, reversing a $117.5 million net income in the same period in 2024, driven primarily by the depreciation of digital asset prices and a 24 percent lower crypto market capitalization.

Revenues were also lower by 34 percent to $10.37 billion from $15.8 billion year-on-year.

In other news, Galaxy Digital (NASDAQ:GLXY) mirrored a broader market pessimism after Bitcoin prices nosedived by 50 percent from its all-time high of $126,000 following news that the Treasury Department does not have the authority to bail out the crypto and its peers.

Pessimistic comments from Michael Burry also contributed to the drop. According to the investor who was able to predict the 2008 financial crisis, Bitcoin’s further drop to the $50,000 territory could evolve into a death spiral and push Bitcoin mining firms into bankruptcy.

While we acknowledge the risk and potential of GLXY 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 GLXY 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.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

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.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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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.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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