Trump Media and Technology Group, the parent company of Truth Social, has accumulated $2 billion in Bitcoin and Bitcoin-related securities as part of its newly implemented Crypto Treasury strategy.

In particular, $2 billion in Bitcoin and Bitcoin Link securities currently represent roughly two-thirds of Trump Media’s $3 billion in liquid assets.

According to a July 21, 2025 Bloomberg report, Devin Nunes, CEO of TMTG, said: “We are implementing our publicly-published strategies strictly and carrying out our Bitcoin financial plans. These assets help us to ensure our financial freedom, protect us from discrimination by financial institutions, and create synergy to introduce practical tokens.”

breaking:

Trump Media has announced that it has accumulated about $2 billion worth of $ BTC Bitcoin-related securities.

President Trump is super bullish on Bitcoin pic.twitter.com/utfebm9utz

– Grey BTC (@greybtc) July 21, 2025

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The news is that TMTG shares have skyrocketed over 8% in early trading. Interestingly, positive market responses indicate feelings of custody. Plus, the news is just below the ATH of last week’s recent $123,000 ATH, as Bitcoin is trading at nearly $118,000.

Additionally, TMTG is reportedly considering partnering with platforms such as Crypto.com to launch Exchange-Traded Funds (ETFs) on Bitcoin and Cronos blockchains.

Crypto.com CEO Kris Marszalek told X: “Crypto.com is proud to be able to work with TMTG on implementing this Bitcoin purchase.”

https://t.co/pfc4pz9nfr is proud to work with TMTG on implementing this Bitcoin purchase. https://t.co/cmprn7eeqt0

-Kris | crypto.com (@kris) July 21, 2025

In January 2025, TMTG said: “As of December 31, 2024, in order to diversify the cash and cash equivalent reserves of more than $700 million, the board has approved an investment of up to $250 million for Charles Schwab to be managed.” At the time, the company said the fund could be allocated to customized, individually managed accounts (SMAs), customized ETFs and Bitcoin, similar cryptocurrencies, or crypto-related securities.

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Wolfspeed (WOLF -15.09%) managed to close out the past week of trading with double-digit gains despite big sell-offs in the second half of the stretch. The company’s share price climbed 12.3% from the previous week’s market close.

Wolfspeed’s valuation received a massive boost at the beginning of this week, after the company announced it had named Gregor van Issum as its next chief financial officer. The news kicked off a huge rally that saw the stock more than double across Monday and Tuesday’s trading, but the share price surge lost steam and gave way to a big pullback later in the week.

Image source: Getty Images.

Wolfspeed stock saw incredible volatility this week

Wolfspeed published a press release Monday morning announcing that van Issum will take over as the company’s next CFO on Sept. 1. Wolfspeed announced that it had submitted preliminary filings for Chapter 11 bankruptcy protections at the end of June, and its new CFO will play a leading role in guiding these proceedings. Van Issum’s background suggests that he is a good pick to handle the company’s bankruptcy proceedings and big corporate restructuring, but the gains for the stock at the beginning of the week seem to have been a significant overreaction to the news.

Companies that have announced bankruptcy proceedings can sometimes see incredible valuation surges on relatively minor news and then see big stock corrections in subsequent trading. This dynamic appears to have played out for the silicon-carbide specialist in the second half of this week’s trading, but the stock still wound up solidly in the green across the stretch.

What’s next for Wolfspeed stock?

While it’s possible that Wolfspeed could see more big valuation rallies in the near term, investing in the stock right now would be incredibly risky. Because the company is in the bankruptcy process, its stock will probably be delisted from the New York Stock Exchange (NYSE). Shares would then shift to trading through the over-the-counter (OTC) markets, but delisting from the NYSE would likely trigger big sell-offs. Meanwhile, investors who plan on holding on to their current shares of the company’s common stock through the end of the bankruptcy and restructuring process will receive only between 3% and 5% of the value of the new corporate entity that will be created.

Shares of space flight company Rocket Lab (RKLB -0.10%) soared 40.4% in the first half of 2025, according to data from S&P Global Market Intelligence. A fast-growing company in the exciting space economy, Rocket Lab is up close to 600% in the last year and is inching its way closer to competing with SpaceX, which now has a reported valuation of $400 billion.

There is a ton of excitement around Rocket Lab and the space economy today. Here’s why the stock surged in the first half of 2025.

Image source: Getty Images.

The next SpaceX?

Rocket Lab is aiming to build the next vertically integrated space flight company based in the United States. It began with its small Electron rocket, which has now completed 68 missions and has a large backlog from customers. The launch vehicle is the only other consistent commercial launcher, outside of SpaceX, carrying payloads for third-party customers.

On top of launching, Rocket Lab has built and acquired capabilities to sell space systems to customers, which include things like satellites, communication systems, and solar arrays. This has been a huge boon to the company, leading to the division now accounting for the majority of its overall sales.

Lastly, Rocket Lab is working on a larger rocket system called the Neutron, which is going to compete with SpaceX more directly. Testing of the Neutron will begin shortly, with the full-fledged reusable system expected to be ready within the next year or two. If the Neutron is successful, Rocket Lab could see a step change in growth in the coming years.

Revenue was $122.5 million last quarter, up 32% year over year, and is up an astonishing 734% in the last five years. Seeing this growth, investors are extremely optimistic about Rocket Lab’s future.

Should you buy Rocket Lab stock?

Today, after Rocket Lab’s surge, the stock is at a market cap of $18 billion. Revenue was just $466 million over the last 12 months.

Sales should continue to grow quickly, but this is an extreme valuation. The stock has a price-to-sales ratio (P/S) of 42, which is unsustainable. Investors are placing huge forward expectations on Rocket Lab after seeing the stock rise 600%, which should make any investor looking to buy right now nervous. Even if the company eventually reaches billions of dollars in annual sales, the stock will likely not perform well for shareholders going forward. Avoid buying Rocket Lab stock in your portfolio today.

Precision oncology specialist Guardant Health (GH 8.53%) was something of a stock market star on Tuesday. On the back of very positive news in the regulatory sphere, the company’s shares jumped almost 9% higher today. This made it quite the outperformer on the exchange, as the bellwether S&P 500 index’s gain was a relatively modest 0.6%.

A new designation

This morning before market open, Guardant announced that the U.S. Food and Drug Administration (FDA) had granted the healthcare company’s Shield multi-cancer detection (MCD) test its Breakthrough Device designation.

Image source: Getty Images.

This instantly confers a high status on Shield, as the FDA’s designation is given only to a small clutch of medical devices that can either diagnose or treat a disease more effectively than other products.

In Shield’s case, it is quite a versatile diagnostic device that can screen for a wide range of cancers, including colorectal, lung, and ovarian. It is designed to evaluate people 45 years of age or older who are at a typical average risk for cancer. According to Guardant, Shield has 98.6% specificity and 75% sensitivity in detecting certain cancers.

In its news release touting the FDA’s move, Guardant quoted its co-CEO AmirAli Talasaz as saying that it “shows the promise of the Shield MCD test to detect multiple cancers at an early stage with just a single, routine blood draw.”

“We look forward to partnering with the agency and other stakeholders to bring this breakthrough to patients quickly,” he added.

Coming to market soon

Another big plus of the Breakthrough Device designation is that it’s part of an FDA initiative aimed at getting useful medical products to market faster. Talasaz and his team at Guardant might just get their wish with Shield before long.

Shares of QuantumScape (QS 10.68%) jumped as much as 14% today with the stock holding onto a gain of 10.6% as of 3:35 p.m. ET. New Securities and Exchange Commission (SEC) filings might be what prompted the surge higher.

Last week, the solid-state battery technology company named a new chief operating officer (COO). Luca Fasoli is experienced in advanced memory and storage technologies from his time spent at technology companies Western Digital and Sandisk. Today’s move might be due to the SEC filing that shows Fasoli acquired more than 1.3 million QuantumScape shares in a transaction dated May 13.

Investors might have jumped the gun, though, if that’s why they also jumped into QuantumScape stock today.

Image source: Getty Images.

QuantumScape technology is still on track

That’s because the new COO’s shares were part of his compensation for the job in the form of restricted stock units (RSUs). The shares include a signing bonus as well as a new-hire grant. The SEC filing is still meaningful for investors. Only 25% of those shares have vested as of today. The balance will vest in small increments over the future quarterly periods as long as Fasoli remains employed with QuantumScape.

QuantumScape is getting closer to the goal of commercializing its technology, though. In its first-quarter report released late last month, the company said it is ahead of schedule to bring its next planned phase into baseline production. That “Cobra” phase is its new solid-state battery production process for manufacturing solid-state battery cells.

It has also placed orders for equipment it plans to install this year for higher-volume cell assembly. QuantumScape said it was on track to produce cells with its solid separators this year with the goal of launching field testing next year.

Today’s move may not make sense solely based on the SEC filing as some investors may have misconstrued it as a company insider making a large purchase. But at least the company remains on track for potential commercialization of its electric vehicle battery technology.

Shares of AppLovin (APP 11.35%), an adtech company, spiked by 12.4% this week, according to data compiled by S&P Global Market Intelligence, after the company reported better-than-expected revenue and earnings and said it would sell its gaming division.

The sale will not only generate cash for AppLovin, but allow the company to focus more on its adtech business, which is the company’s fastest-growing segment.

Investors may also be responding to the AppLovin CEO’s blog post expressing interest in merging with TikTok Global (for assets outside of China). No official deal has been announced, and the company said the move is admittedly “a long shot.”

Image source: Getty Images.

Investors are lovin’ the company’s momentum

AppLovin reported earnings per share of $1.67 in the first quarter (which ended March 31), up 149% from the year-ago quarter and ahead of Wall Street’s consensus estimate of $1.45. The company’s revenue of $1.48 billion also outpaced analysts’ average estimate of $1.38 billion and was a 40% increase from the year-ago quarter.

Sales from the company’s important advertising segment were also impressive, rising 71% in the quarter to $1.16 billion. The company’s apps revenue declined by 14% to just $325 million.

But investors weren’t worried about the company’s app revenue decline because AppLovin announced that it’s selling its mobile gaming business to Tripledot Studios. The move will give AppLovin $400 million in cash, a nearly 20% ownership stake in Tripledot, and allow the company to leave its apps business behind and focus its attention on advertising. The deal is expected to close in the second quarter.

A moonshot move

As if it weren’t a big enough quarter already for AppLovin, the company’s CEO Adam Foroughi wrote in a blog post yesterday that his company is pursuing TikTok Global in an effort to merge with the company, specifically for all assets outside of China.

The company said it’s pursuing a merger, not a buyout, and that the combined company could boost TikTok’s annual revenue from its current ad revenue of $20 billion and help it reach $80 billion annually.

But investors should know that AppLovin admits the merger proposition is a long shot. Foroughi said:

Let’s be clear: this is a long shot. But building one of the world’s best advertising AI models was also a long shot, yet we did it. We’re not here for small bets. Our goal is to build a massive business that creates value for the world and our shareholders.

Investors should be pleased with the company’s latest results and the sale of its gaming division. The company is focused on its expanding its ad business and, without or without a TikTok deal, AppLovin appears to be on the right track.

In its fiscal second quarter of this year, Rockwell Automation (ROK 11.80%) saw both revenue and profitability slip. Yet investors found several silver linings in the company’s earnings report posted Wednesday morning, and they rewarded the stock with an almost 12% increase in price on that day. This compared favorably to the S&P 500 index’s 0.4% bump higher.

Rewarded for resilience

The quarter saw Rockwell earn slightly over $2 billion in revenue, down from the over $2.1 billion in the same period of 2024. Headline net income followed a similar trajectory, sliding to $248 million from the year-ago profit of $265 million. On a non-GAAP (adjusted) per-share basis, the company’s bottom line was $2.45, marking a slight deterioration from $2.50 in the second quarter of 2024. 

Image source: Getty Images.

Investors reacted positively to this number anyway, not least because professionals following Rockwell stock were expecting worse. On average, they were projecting the company would post $1.96 billion for revenue, and $2.09 for adjusted earnings per share (EPS).

Another factor is that nothing out of the ordinary occurred with Rockwell to merit concern. In its earnings release, the company quoted CEO Blake Moret as saying that during the quarter, “We saw a healthy intake of orders across most of our lines of business, with total company book-to-bill in-line with our historical average of about 1.0.”

Higher profitability expected

One more plus for Rockwell is that it made an upward adjustment to its profitability guidance for the full fiscal year. It’s now expecting adjusted net income of $9.20 to $10.20 per share, well up from its previous estimate of $8.60 to $9.80. It only tweaked to its sales forecast, which should land at around $8.1 billion for the year.

This feels to me like a “steady as she goes,” stock. Also, due to its stated plan to offset the effect of tariffs with pricing and supply chain adjustments, it should be attractive as a hedge investment while the trade war grinds on.