Eightco Holdings (ORBS) Ends Losing Streak, Climbs 15.56%

We recently published 10 Stocks Stole the Show, 5 Hit Historic Highs. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the best performers on Thursday..

Eightco Holdings snapped a three-day losing streak on Thursday, jumping 15.56 percent to close at $12.55 apiece as investors resorted to bargain-hunting following the previous days’ decline.

Earlier this week, Eightco Holdings Inc. (NASDAQ:ORBS) raised as much as $270 million through a private placement with institutional investors, proceeds of which will be used to establish a treasury of Worldcoin tokens.

Apart from Worldcoins, Eightco Holdings Inc. (NASDAQ:ORBS) said it would also hold cash and acquire Ethereum coins as its secondary reserve assets.

Worldcoin is a cryptocurrency project co-founded by Sam Altman, chief executive officer of OpenAI. It is part of the World network, which creates a zero-knowledge Proof of Human through iris-scanning, so a person’s human information is not stored on the blockchain. It was designed to ultimately tackle two major challenges being faced by the digital era: to verify human identity in a world now dominated by artificial intelligence, and promote global financial inclusion through Worldcoin.

“Proof of Human is the next critical step in the AI revolution, and World is uniquely positioned to deliver the trust, verification, and authentication that the world needs as AI becomes more deeply embedded in every aspect of our lives,” said Eightco Holdings Inc. (NASDAQ:ORBS) Chairman Dan Ives.

While we acknowledge the potential of ORBS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.