Well, joining us now in an exclusive interview from the Caner Crypto and AI Energy Infrastructure Conference is Jason Les. He is CEO of Riot. Jason, welcome to the show.>> Thank you for having me. >> All right. So, I am going to get your outlook on cryptocurrencies and some of the moves we've seen and then we can get into AI infrastructure from there.>> Sure. >> So, where do you see Bitcoin headed here. >> So, uh Bitcoin's always a volatile asset.I think 2025 has been a uh pretty transformative year for uh ...

And joining us now first on CNBC before the earnings call is Jacob Dit, Oklahoma co-founder and CEO. Jacob, welcome. First, for how should investors think about this company.It seems based on the uh structure. It's almost like a a gold mine or a biotech in the sense that you're reliant on certain approvals, but then if it works out, it works out really big. Yeah, it's an interesting question and thanks for having me on and happy Veterans Day to everyone.I think I think it's it's one of those dynamics where ...

us now for his read and so much more in an exclusive interview is Caner Fitzgerald chairman Brandon Lutnik. He is at the Caner Crypto and AI Energy Infrastructure Conference in Miami. And Brandon, it's great to have you on.Welcome. >> Thank you so much for having me. >> So multi-day conference.You're basically sitting at the intersection of cryptocurrencies and AI infrastructure and energy and everything it's going to take to build out all of this compute. What are your takeaways from the conference. uh fro ...

Market Outlook - The market is expected to broaden out, with a target of 7100 by year-end [1] - Seasonality is a key factor, especially for laggers, with November, December, and January being the most positive months [1] - A contrarian sentiment indicator triggered a buy signal, historically leading to an S&P 500 rally of approximately 7.5% over the next 3 months with a 90% positive rate [5] Reflationary Events - Potential AIPA Terrace refund is anticipated, with a ruling expected in December or January, potentially triggering a reflation trade [2] - Tax returns are projected to be larger this year, averaging $800 per person more than last year, contributing to another reflation event [3] AI and Hyperscalers - The AI capex cycle is considered to be in its early stages [6] - Concerns are emerging regarding hyperscalers, as their capex spending may be mandatory for competitiveness, leading to declining free cash flow margins and a decrease in free cash flow as a percentage of earnings to 50% from a previous 100% [7] - AI semis, hardware, and power companies are expected to benefit from the AI capex cycle [8] - Some companies may face scrutiny if they are perceived to be on a continuous spending treadmill without reaping the benefits of scale [10]

Joining us now at Post 9, Chance Mims, founder and CEO of Academy, along with the firm's president and former New York Giants great Phil Makanki. It's great to have you guys back and what has been a tradition for us and we're so happy about it. >> Thank you for having us.>> Let's um I' I'd love to hear from both of you. Uh because what matters most to me is hearing from you about what this day means to you. Phil, you go first.Well, personally, um, not only did we serve and the great veterans, but I have a d ...

Ravi Rody Sahi LC is president and CEO of the real re real joining us now exclusively on power lunch. Uh Rody it's great to have you on the program. I mean what a day.What is behind the t besides of course your leadership. What is behind the turn for the Real Real and its investors this year. >> Yes, thanks for the question.Um we're pretty excited about the momentum. Um, the Real Real is the leader in luxury resale and there's definitely been a market shift um into resale. So, it's great to see more awarene ...

Market Trends & Crypto Performance - Major cryptocurrencies experienced declines, with Bitcoin dropping to $13,000, Ether falling by 1.04%, and Solana's SOL token decreasing by over 3% [2] - CleanSpark shares fell by 7.5% after the Bitcoin miner increased its convertible note offering to $1.15 billion [3][4] Company Performance & Initiatives - Gemini shares slumped after reporting a wider-than-expected loss of 6.67% per share in Q3, versus analysts' expectations of a $324 loss; IPO-related costs contributed to a $159.5 million net loss, despite revenue doubling year-over-year; shares plummeted more than 15.12% [4][5] - Coinbase is launching a platform for distributing new crypto tokens, aiming for balanced and transparent token sales, penalizing users who sell tokens less than 30 days after listing; Coinbase shares traded lower by more than 2% [6][7] - SoFi is debuting crypto trading on its platform, offering the ability to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, and Solana, and plans to launch a stablecoin in January backed dollar for dollar by reserves [8][9][12] Market Outlook & Expert Opinions - Two Prime believes the four-year cycle is becoming less relevant due to changing market dynamics and institutional involvement, anticipating a strong end to the year and 2026 [16][17] - Geopolitical and economic instability, along with systemic risks in the digital asset industry, are potential concerns for 2026 [26][27] - Regulatory clarity, decreasing interest rates, and the proliferation of stablecoins are positive catalysts for the digital asset ecosystem in 2026 [31][32][33]

day moving average, going all the way back to 2007. Your next guest also noting there are some signs of market breadth, narrowing a bit that he is keeping his eye on. Let's find out what those eyes are looking at.Joining us now is Piper Sandler, chief market technician and friend of the show, Craig Johnson. Is that little break below the 50 day moving average after months. Is that just like a neat historical marker, or does it actually mean something.>> Brian, thanks for having me back on the show. I think ...

SoftBank's Investment Strategy Shift - SoftBank sold its entire Nvidia stake for approximately $58 billion [1] - SoftBank is reallocating capital to invest heavily in OpenAI, focusing on the application layer of AI [1][2] - SoftBank raised funds by selling over $9 billion worth of T-Mobile stock and using a margin loan on its ARM stake [3] - SoftBank believes the next wave of value creation is in AI interfaces, platforms, and agents rather than infrastructure [4] OpenAI vs Anthropic - Anthropic is more focused on enterprise clients, with roughly 85% of its revenue from business customers [7] - OpenAI's revenue split is 70/30 consumer-heavy, driven by products like Chat GBT and Sora, which are deeply unprofitable [7] - OpenAI is projected to lose $74 billion in 2028 alone [8] - Bernstein analysts estimate OpenAI burned $12 billion in Q3 [9] - OpenAI anticipates revenue on the scale of hundreds of billions of dollars by 2030 [10]

So, what should you really be paying attention to. Joining us now with more is Chris Krueger. He is managing director of the Washington Research Group at TD Cowan.Always, always a must readad. So, Chris, you are dialed in as much as anybody. You're down there.Is this government shutdown going to end by the end of the week. >> Yes. Uh, it might even end probably ends tomorrow night.U, the House Rules Committee is is meeting uh in a couple hours. Uh the votes should start tomorrow around 400 p. m.Uh once the ...