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These 10 Stocks Have Collapsed

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Ten stocks were sold down on Friday, defying a wider market optimism, as investors were disheartened by a flurry of negative corporate developments and dismal earnings performance.

Meanwhile, the Dow Jones was up by 0.47 percent, the S&P 500 increased by 0.40 percent, while the tech-heavy Nasdaq grew by 0.24 percent.

In this article, we name Friday’s 10 worst performers and detail the reasons behind their drop.

To compile the list, we focused exclusively on stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.

An expert investor in a trading floor, surrounded by computers and trading screens.

10. Flagstar Financial Inc. (NYSE:FLG)

Flagstar Financial dropped its share prices by 5.48 percent on Friday to finish at $11.39 apiece as investor sentiment was dampened by news that it was merging with its banking subsidiary, but with the latter the surviving entity.

In a statement, Flagstar Financial Inc. (NYSE:FLG) said that its board of directors approved on Thursday the company’s proposed merger with Flagstar Bank, N.A. However, it will continue to trade on the New York Stock Exchange under the same ticker symbol.

Flagstar Financial Inc. (NYSE:FLG) said that the reorganization was aimed at further reducing costs, simplifying organizational structure, streamlining managerial, operational, and administrative functions throughout the bank, eliminating redundant corporate activities and duplicative supervision and regulation.

The reorganization is subject to both regulatory and shareholder approval.

In other news, Flagstar Financial Inc. (NYSE:FLG) said it narrowed its net loss attributable to shareholders for the first half of the year by 72 percent to $186 million from $668 million in the same period last year.

Net interest income after provision for credit losses increased by 44 percent to $686 million from $476 million year-on-year.

Additionally, Flagstar Financial Inc. (NYSE:FLG) announced the distribution of quarterly cash dividends amounting to $0.01 for every common share to stockholders as of September 7. The dividends are payable on September 17.

9. SharpLink Gaming, Inc. (NASDAQ:SBET)

SharpLink Gaming extended its losing streak to a third consecutive day on Friday, shedding 5.7 percent to close at $21.99 apiece as investors turned cautious while in a wait-and-see mode following the appointment of a BlackRock executive as the company’s co-CEO.

In a statement, SharpLink Gaming, Inc. (NASDAQ:SBET) welcomed Joseph Chalom as its new co-CEO effective on Thursday, July 24.

Chalom boasts of 20 years of experience in digital finance innovations at BlackRock, including the launch of the iShares Ethereum Trust (ETHA), the largest Ethereum exchange-traded product with over $10 billion in current assets.

Rob Phythian, SharpLink Gaming, Inc.’s (NASDAQ:SBET) current CEO, will transition to the role of president over the next quarter and remain a board member.

The drop in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) may have been influenced by a cautious market sentiment until the company elaborates on its plans following the appointment.

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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?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

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

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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