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cifr stock: Biggest moves premarket and what it means

Financial Comprehensive 2025-11-03 21:51 17 Tronvault

Okay, lemme get this straight. Iren, some data center company I've barely heard of, jumps 22% 'cause they're slingin' Nvidia chips to Microsoft in a $9.7 billion deal? Nine. Point. Seven. Billion. And that's enough to send the entire semiconductor sector into a frenzy? Micron up 4%, AMD up 1%? Give me a break.

It's like the market's developed a collective case of ADHD. One shiny object appears, and everyone forgets the fundamentals. What fundamentals, you ask? Oh, you know, things like actual profit, sustainable growth, and maybe, just maybe, a business model that doesn't rely entirely on the whims of two mega-corporations.

The Great Chip Hysteria of '25

This Iren deal...it's basically a microcosm of everything that's wrong with the market right now. Hype trumps substance every single time. And don't even get me started on the "AI infrastructure demand" that UBS is suddenly so hot for when they upgraded Cisco. "Multi-year growth cycle?" Is that what they're calling it now? Sounds more like a multi-year hype cycle to me.

I mean, sure, AI is the future or whatever. But are we seriously pricing in every single AI-related stock as if they're all guaranteed to be the next trillion-dollar company? 'Cause last time I checked, most of these companies are still burning cash faster than I burn through coffee on a Monday morning.

And then there's Kenvue, the Tylenol and Band-Aid people. Up 20% 'cause Kimberly-Clark is buying them for almost $50 billion? So, what? We're celebrating mega-corporations consolidating even further, reducing consumer choice, and probably laying off a bunch of people in the process? This is good news? Offcourse I forgot, Wall Street only cares about the short term.

cifr stock: Biggest moves premarket and what it means

Bitcoin Miners and Pet Food Kings

Cipher Mining, the bitcoin data center folks, surge 17% after losing less money than expected? Seriously? We're rewarding mediocrity now? I must have missed the memo where "slightly less awful" became a bullish signal. Stocks making the biggest moves premarket: Iren, Kenvue, Cipher Mining, New Gold and more.

And Freshpet? Up nearly 7% because their adjusted EBITDA beat expectations by a measly million and a half? It's pet food, people. Pet. Food. How much more growth can there possibly be in the fancy-dog-food market? Are we expecting dogs to suddenly develop a taste for caviar and foie gras?

Honestly, this whole thing feels like a giant game of musical chairs. Everyone's scrambling for a seat before the music stops, and when it does, a whole lot of people are gonna be left standing...and holding the bag.

I'm not saying there aren't legitimate companies out there, or that there isn't real innovation happening. But the sheer level of exuberance...the willingness to throw money at anything that even vaguely smells like "AI" or "growth"...it's just unsustainable.

Then again, maybe I'm just getting old. Maybe I'm turning into one of those grumpy old men who yells at clouds and complains about how things were better "back in my day." But let's be real, I doubt it.

This Ain't Normal, Folks

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