Eightco (ORBS) Ends 2-Day Rally on Profit-Taking

We recently published 10 Stocks Taking a Nosedive. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the worst performers on Wednesday.

Eightco Holdings snapped a two-day rally on Wednesday, dropping 9.20 percent to finish at $10.27 apiece, as investors resorted to profit-taking following a 37 percent jump in just the past three trading days of the week.

Earlier this week, shares of Eightco Holdings Inc. (NASDAQ:ORBS) were influenced by highly optimistic comments for Ethereum tokens—the company’s secondary treasury reserve, next to Worldcoins (WLD), after Bitmine Immersion Chairman Thomas Lee predicted that the asset would become one of the biggest macro trades over the next 10 to 15 years.

In other developments, Eightco Holdings Inc. (NASDAQ:ORBS) announced on Tuesday that it would update its investors about its operations through a monthly “Chairman’s Message” video series and corporate presentations.

“The ‘Chairman’s Message’ shares my perspective on why WLD is leading the charge into our AI-driven future. We see substantial value creation ahead, with a target of acquiring 800 million WLD tokens and a projected value of $10 per token, representing an $8 billion potential valuation for ORBS,” Chairman Dan Ives said.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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