Lee Sees AI Selloff Ending as Yields Drop Below 5%
Fundstrat's Tom Lee says the AI selloff is nearly over, citing yields under 5% and a crowded short trade in tech, with Nvidia and crypto among his preferred…
3 min ago9 min read
Gemini shares slump to record low, 89% below IPO price
Gemini shares hit a record-low $3.215 close, about 89% below the $28 IPO price; H1 2026 revenue rose and the loss narrowed.
20/10/2026 16:133 min read
On Monday, shares of the Gemini cryptocurrency exchange closed at a record-low $3.215, roughly 89% below the $28 price at which the company went public.
Gemini's most recent 10-Q showed revenue of $95.7 million for the first half of 2026, up from $68.6 million in the same stretch of 2025, prior to its IPO.
For those same six months, the company posted a comprehensive loss of $216.8 million, compared with $277.3 million in the 2025 period.
Gemini's chief executive, Tyler Winklevoss, and its president, Cameron Winklevoss, have each closely aligned themselves with President Donald Trump during his second term.
Those ties have included large donations to the Trump 47 Committee, Make America Great Again Inc. and MAGA Inc.
The SEC under the Trump administration also closed its investigation into Gemini during the current term.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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