Eightco Holdings (ORBS) Tumbles 8% on Profit-Taking

We recently published 10 Big Names Crumbling Before 2026. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the worst performers on Tuesday.

Eightco Holdings fell by 8.17 percent on Tuesday to close at $1.6850 apiece as investors resorted to profit-taking following the previous day’s surge, triggered by a $125 million share buyback plan.

In a statement on Monday, Eightco Holdings Inc. (NASDAQ:ORBS) said that the buyback reflects its strong vote of confidence in its strategy and an opportunity to create greater shareholder value.

“The Board and management team’s decision to authorize a share repurchase program sends a clear message about our confidence in Eightco’s strategy, execution, and long-term opportunity,” said Eightco Holdings Inc. (NASDAQ:ORBS) CEO Kevin O’Donnell.

”With disciplined capital allocation and a strong belief in the value and vision of the company, we are doubling down on our commitment to create meaningful, long-term value for shareholders as we continue to execute and scale,” he added.

Eightco Holdings Inc. (NASDAQ:ORBS) is a Worldcoin-focused treasury company, which is also investing in Ethereum tokens.

In September this year, it earned the backing of Ethereum-focused treasury firm BitMine Immersion Technologies following the latter’s $20 million investment.

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.