Reddit $RDDT dropped 6.6% yesterday and is down another 3% pre-market.
Does the slide continue or do the bulls show up midday?
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🚨 $SEI had a monster October
1. Became a top-4 chain by TVL efficiency next to Solana, Hyperliquid & Ethereum with:
- 13M+ monthly active addresses
- $10B+ DEX volume past 12 months
- Yei Finance launched with their $CLO token
2. Institutions went live on SEI:
- BlackRock (via KAIO) - ICS USD Liquidity Fund
- Apollo ($840B AUM) - via Securitize
- Hamilton Lane ($986B AUM) - SCOPE Fund
- Laser Digital (Nomura) - LCF Fund
- Brevan Howard - Tokenized Master Fund
3. Plus:
- Morpho deployed its universal lending network
- Staked SEI ETF filing by REX Shares and Osprey Funds
- SEI listed on Robinhood ✅
All in just October. Absolutely incredible 🫡
$GOOG traded at a discount to the rest of the Mag7 over the past year as investors questioned its AI position and worried that prioritizing AI answers could cannibalize its core search business.
This quarter changed the narrative and I expect google to continue higher into the new year.
Q3 Highlights
- First +$100B revenue quarter ever, up 16% YoY
- Adjusted EPS reached $2.87, up 35% YoY
- Google Cloud revenue surged 34% to $15.16 billion, driven by AI demand, including over 200% growth in generative AI products and a record number of $1 billion+ deals signed.
Starbucks poached Chipotle's CEO, but their share price has fallen from their all-time high. Many have been closing all over New York City. Now they are trading with high volatility! Predict @PicassoMarkets Today
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