GM investors may be celebrating too early due to slowing revenue growth and fundamental unattractiveness. The company's technical breakout potential led to a hold rating in early June. Despite this, GM's stock price has increased, and the author downgrades the rating to reflect ongoing concerns about revenue growth and fundamental unattractiveness.
Bitcoin miner IREN (ticker IREN) is trading notably higher after posting strong quarterly earnings. The company, formerly known as Iris Energy, reported revenue of $187.3 million, net income of $176.9 million, and EBITDA of $241.4 million. Notably, IREN's annualized Bitcoin mining revenue is projected to reach $1 billion, while its AI cloud business contributes around $250 million annually. The company has been transitioning from ASICs to GPUs for AI cloud operations and is investing in liquid-cooled AI data centers [1].
Meanwhile, Bank of Montreal (BMO) reported its third-quarter earnings, beating analyst expectations and prompting a positive market reaction. The bank's adjusted earnings per share (EPS) for the quarter ended July 31, 2025, were C$3.23, representing a year-over-year increase from C$2.64. Key drivers of BMO's performance were robust growth in personal and commercial banking, wealth management, and global markets and investment banking segments. The bank's net interest income climbed to C$5.50 billion, and its adjusted net interest margin rose to 1.99% [2].
Despite these positive developments, investors in General Motors (GM) may be celebrating too early. The company's technical breakout potential led to a hold rating in early June, but ongoing concerns about revenue growth and fundamental unattractiveness have led to a downgrade. GM's stock price has increased, but the author remains concerned about the company's financial health [3].
References:
[1] https://www.theblock.co/post/368718/iren-on-track-to-1-billion-in-annualized-bitcoin-mining-revenue
[2] https://www.ainvest.com/news/desjardins-reaffirms-hold-rating-bank-montreal-165-price-target-2508/
[3] https://www.ainvest.com/news/quorum-announces-q2-2025-results-3-revenue-growth-1-8m-adjusted-ebitda-2508/
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