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10 Stocks Record Biggest Double-Digit Drop on Friday

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The stock market ended the trading week in a bloodbath, with major indices registering losses amid concerns over a slowing economy and sticky inflation.

The Dow Jones fell by 1.69 percent, the S&P declined by 1.71 percent, while the tech-heavy Nasdaq nosedived by 2.20 percent.

Ten stocks mirrored a broader market decline, posting double-digit losses, with sentiment for most of the companies dampened by dismal earnings performance.

In this article, we have listed the 10 worst-performing stocks and explored the reasons behind their declines.

To come up with Friday’s biggest losers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A person holding a cup of coffee while reading stock market data on the phone. Photo by Anna Nekrashevich on Pexels

10. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitcoin miner Bitdeer Technologies dropped its share prices by 12.32 percent on Friday to finish at $13.09 apiece as investors underwent portfolio repositioning ahead of its earnings release on Tuesday, February 25, on whether it would miss or beat analyst estimates, having missed expectations for two quarters last year.

Additionally, BTDR announced earlier this week a drop in its Bitcoin production for January to only 126 due to higher seasonal electricity prices that curtailed its Bhutan site.

In addition, it expects a one-month delay in production for its SEALMINER A2 due to a 6.4-magnitude earthquake that struck Taiwan on January 21.

However, BTDR said mass production of its SEALMINER A1 remains on schedule, while SEALMINER A3 is expected to be the most advanced and energy-efficient Bitcoin mining chip on the market.

Bitdeer Technologies Group is a world-leading technology company for blockchain and high-performance computing.

9. Arbor Realty Trust Inc. (NYSE:ABR)

Arbor Realty Trust Inc. saw its share prices decline by 13.29 percent on Friday to finish at $12 apiece as investor sentiment was dampened by expectations of shrinking earnings amid challenges of higher interest rates.

On Friday, ABR announced that its net income attributable to shareholders fell by 34.7 percent to $59.8 million during the fourth quarter last year from $91.6 million registered in the same period a year earlier. Meanwhile, net income for the full year decreased by 29 percent to $283 million from $400 million in 2023.

Earnings per share (EPS) for the quarter settled at 40 cents, while full-year EPS stood at $1.74.

For this year, ABR expects a number of key factors to challenge the company, including high interest rates that could impact earnings, volatility in the commercial real estate lending market, higher competition in bridge lending, loan risks, and ongoing legal expenses related to short seller reports.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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