Executive Summary : Ethereum is launching Fusaka on December 3, 2025—a major upgrade that makes the network faster, more profitable, and more user-friendly. For ETH investors, this is meaningful because it directly strengthens Ethereum's ability to generate fees and attract mainstream users, potentially supporting higher long-term ETH valuations. [1] [2] [3] [4] What is Fusaka, and why should you care? Think of Ethereum like a toll highway. Right now, there's a limit to how m

Executive Summary Black Friday 2025 shattered records with $11.8 billion  in online sales—a 9.1% year-over-year increase—but the true story lies beneath the headline. AI-driven sales accounted for approximately $3 billion  of that total, while 54% of consumers  leveraged AI tools for holiday shopping[27][35]. Traffic to retail sites from AI services surged 805% compared to 2024, with AI-referred customers converting at rates 38% higher  than traditional shoppers[23][31]. Thi

Google [finance:Alphabet Inc.] is quietly building a serious challenge to NVIDIA [finance:NVIDIA Corporation] and AMD [finance:Advanced Micro Devices, Inc.] dominance in AI chips. While NVIDIA controls roughly 80% of the AI accelerator market, Google's Tensor Processing Units (TPUs) represent a fundamentally different approach—one that could reshape how enterprises think about AI infrastructure costs. The Architecture Divide The key difference isn't just speed—it's purpose. T

TELUS shares have tumbled 10.98%  over the past two weeks, dropping from C$20.68 to C$18.41 as of November 24, 2025. The selloff accelerated on November 18 when the stock plunged 5.28%  following a critical analyst downgrade that questioned the sustainability of the company's attractive 8.8% dividend yield . The Downgrade Catalyst JPMorgan Chase analyst Sebastiano Petti cut TELUS to "underweight" from neutral on November 18, slashing the price target from C$22 to C$19. The do

Nvidia has become the defining equities story of the AI era, and its rise has pushed valuation debates to the forefront of market conversation. As the company prepares to report its fiscal third-quarter 2026 earnings, few topics generate as much investor debate as whether Nvidia’s breathtaking rally has pushed its stock into overvalued territory—or whether fundamentals continue to justify new highs. The stakes extend far beyond one company’s earnings: Nvidia’s results are a p

The story of Bitcoin is one of disruptive innovation, speculation, and a relentless quest to understand the forces shaping its value. Over the past decade, cycles of euphoria and consolidation have established a pattern that traders, analysts, and investors across the globe now watch with growing anticipation: the Bitcoin 4-Year Cycle. This phenomenon, marked by predictable boom periods often driven by halving events and followed by quieter lulls, offers a unique lens through

Discover why Bitcoin’s current trajectory could rewrite everything you know about crypto market cycles. Axum Holdings’ latest research challenges the legacy of the four-year halving pattern, unveiling how unprecedented institutional adoption and rapid ETF inflows have fundamentally transformed the landscape for digital assets. The report delivers a data-rich, compelling thesis that Bitcoin’s historic boom-bust rhythm is evolving into a longer, more mature cycle—potentially ex

If you're one of the 71% of Americans who rely on credit card rewards to maximize your spending, a seismic shift is coming that could fundamentally change how you earn points, cashback, and travel benefits. On November 10, 2025, Visa and Mastercard reached a historic settlement with merchants—ending a 20-year legal battle over the hidden fees that fund your favorite rewards programs. While this may sound like dry financial news, the implications for your wallet are profound.

Unlock the story behind one of the most dramatic quarters in fintech—Robinhood's Q3 2025 earnings reveal is reshaping how investors think about growth, risk, and valuation in today's market. In our exclusive Axum Holdings report, you'll discover why Robinhood's revenues doubled, profit tripled, and yet the stock sold off despite a historic year-to-date rally of over 280%. Dive inside to see how Robinhood's explosive, transaction-driven growth stacks up against SoFi, whose ste

Amazon Web Services (AWS) sits atop the global cloud market with roughly 30% share in 2025, but its cloud dominance is shaping the competitive future of artificial intelligence and robotics in ways many investors overlook. In the latest Axum Holdings report, we follow the logic of how AWS’s unmatched scale, elasticity, and integrated AI services create strategic advantages that go beyond cost savings—delivering compounding network effects, powerful data flywheels, and industr

Axum Holdings Research Division — October 29, 2025 Artificial intelligence is no longer a futuristic concept in financial services—it's the competitive battleground defining winners and losers today. With over 85% of financial institutions now deploying AI across critical operations, the technology has evolved from experimental pilots to mission-critical infrastructure. Industry spending on AI is projected to nearly triple from $35 billion in 2023 to $97 billion by 2027, refl

Axum Holdings Research Division — October 27, 2025 Ready for liftoff: Rocket Lab is lighting up the investing world in 2025.  The public competitor to SpaceX has surged 150% year-to-date, stoking Wall Street's excitement and drawing bullish calls from Morgan Stanley, Baird, and CNBC’s Jim Cramer. Why? A flood of new launch contracts, sector-defining partnerships, and the imminent debut of its Neutron rocket have analysts calling Rocket Lab “SpaceX 2.0.” [1] [2] [3] This repor

October 24, 2025 Axum Holdings Investment Research Division Markets roared higher on October 24, 2025, after fresh inflation data signaled that price pressures are finally cooling, giving investors renewed confidence that equities could finish the year on a strong note. The Dow Jones Industrial Average jumped over 500 points to all-time highs, the S&P 500 broke through the 6,800 mark for the first time, and the Nasdaq rallied nearly 300 points as market optimism swept across

October 23, 2025 Axum Holdings Investment Research Division Tesla's third-quarter 2025 earnings call on October 22nd delivered a mixed financial performance but provided compelling insights into the company's strategic pivot toward artificial intelligence, autonomous vehicles, and robotics. While profitability faced headwinds, CEO Elon Musk painted a vision of Tesla as a comprehensive AI and energy company rather than a traditional automaker. Financial Performance: Record Rev

Research Report | October 2025 Axum Group of Companies - Investment Research Division After three years of relentless doom-and-gloom headlines about empty towers and collapsing valuations, something unexpected is happening in North America's office market: signs of genuine recovery. Interest rates are falling, hybrid work patterns have stabilized, and tenants—from tech giants to financial institutions—are signing long-term leases again. The bloodied office sector, once writte

Research Report | October 2025 Axum Group of Companies - Investment Research Division The artificial intelligence revolution faces a fundamental constraint that most investors overlook: electricity. While semiconductor stocks have captured headlines, a more profound transformation is occurring in the energy sector as data centers powering AI threaten to reshape North American power grids and create unprecedented investment opportunities for utility companies. The Scale of the

Research Report | October 2025 Axum Group of Companies - Investment Research Division K ey Takeaways TransAlta Corporation (NYSE: TAC, TSX: TA) presents a compelling investment opportunity for those seeking exposure to the explosive growth in data center power demand driven by artificial intelligence. 📈 Stock Performance Highlights: +107% return over 2 years (from ~$8.25 to $17.05) +66% return in the past year Trading near 52-week high of $17.69 Analyst consensus: BUY wi

Research Report | October 2025 Axum Group of Companies - Investment Research Division The marketing software industry is experiencing a seismic shift that reminds me of the early days of cloud computing disruption. After analyzing the latest financial data and market trends, I'm convinced we're witnessing the beginning of a massive market share transfer from legacy giants like Salesforce and Adobe to AI-native upstarts. The numbers tell a compelling story: despite generatin

Research Report | October 2025 Axum Group of Companies - Investment Research Division Tesla's recent decision to abandon its long-promised $25,000 electric vehicle while doubling down on Full Self-Driving (FSD) technology and robotaxi services represents more than just a product strategy shift—it signals a fundamental transformation in how we think about transportation accessibility and the future of mobility. The End of the Affordable Tesla Dream After years of promises, Tes

Research Report | October 2025 Axum Group of Companies - Investment Research Division At Axum Holdings, we're always on the lookout for companies undergoing significant business transformations that could create long-term value. IREN Limited (NASDAQ: IREN) has caught our attention as one of the most compelling pivot stories in the technology infrastructure space today. With shares up an impressive 349% year-to-date and trading at $47.02, IREN has successfully transitioned fr