BitMine stock price will be in the spotlight this week as the ongoing Ethereum rebound coincides with a key vote on boosting the number of authorized shares in the near term. The BMNR stock ended the week at $31.20, up from last week’s low of $27.

BitMine shareholder to vote on increasing shares to 50 billion

The BMNR stock price will likely be highly volatile in the coming days as the shareholders vote on authorizing more shares. They will determine whether to boost the outstanding shares from 500 million to 50 billion.

In a statement, Tom Lee noted that the new fundraising will enable it to have selective at-the-money (ATM) and capital raising opportunity over time.

At the same time, he noted that the new authorization will enable opportunistic deals such as mergers and acquisitions (M&A). Most importantly, he noted that the new fundraising will enable the company to execute future share splits as he expects that the Ethereum price will continue rising in the long term.

However, critics have pointed to some major holes in Lee’s argument. First, analysts argue that the new share expansion will be too much, considering that it is nearing its goal of its Ethereum accumulation strategy.

It has bought 4.1 million tokens so far and now holds about 3.4% of the ETH supply. As such, it needs to buy 1.6% of the supply, which is smaller than what it has bought so far. At the current price, the company needs to authorize 190 million more shares.

Second, analysts noted that the share split argument is vague as Lee argued that it will happen when Ethereum surges, potentially to $250,000, an event that will happen many years later.

Finally, there are concerns that the company’s market net-asset value (mNAV), which has slumped to 0.93. Increased dilution when the stock is trading below NAV is relatively risky as we have seen with other companies like Michael Saylor’s Strategy, which is selling shares worth billions a month.

Ethereum price technical analysis suggests more upside 

Meanwhile, technicals suggest that Ethereum price has more upside in the coming weeks. It has formed a double-bottom pattern at $2,766, its lowest level in December last year. Its neckline is at $3,475, its highest level on December 10.

A double-bottom is one of the most common bullish reversal signs in technical analysis. The token is also about to move above the Supertrend indicator. It has also moved above the 50-day moving average, while the Crypto Fear and Greed Index has moved to the neutral level.

Therefore, the token will likely continue rising as bulls target the next key resistance level at $3,475. A move above that level will point to more gains, potentially to the psychological level at $4,000. 

BMNR stock price technical analysis 

The daily timeframe chart shows that the BMNR stock price has crashed in the past few months, moving from a high of $160 in July last year to the current $30.

A closer look shows that the stock has remained below all moving averages and the Supertrend indicator, which is a highly bearish sign. However, like Ethereum, the stock has formed a double-bottom pattern with a neckline at $42.

Therefore, the stock will likely rebound this week, potentially to the next key resistance level at $42. A move above that level will be the psychological point at $50.READ MORE: Here’s why BitMine stock price is ripe for a strong comeback

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Investment bankers are looking to 2026 as a potential turning point for London’s struggling initial public offering (IPO) market, betting that a small number of large, high-profile listings could help restore confidence after another disappointing year for new listings.

Hopes of a revival in 2025 faded as market volatility linked to US President Donald Trump’s tariff policies eroded boardroom confidence globally.

Several companies paused or abandoned listing plans, while others, including fintech group Wise, shifted their primary listings to New York.

The slowdown intensified concerns over the long-term competitiveness of the London Stock Exchange (LSE).

A difficult backdrop for London IPOs

The scale of London’s challenges was underscored by its weak fundraising performance.

In the first nine months of 2025, the LSE raised less money from new listings than some smaller international exchanges, reflecting a lack of sizeable IPOs.

Although sentiment improved slightly toward the end of the year, overall activity remained muted.

These included listings from British bank Shawbrook, LED face mask maker Beauty Tech, and tinned tuna seller Princes Group.

Data centre developer Fermi and industrial group Metlen opted for dual listings, while the Magnum Ice Cream Company, spun out of Unilever, chose Amsterdam as its primary venue while retaining a UK listing.

In total, there were 22 London IPOs in 2025, raising £2.1bn, according to LSE data to December 22.

That marked an improvement on 2024, when 16 IPOs raised £766mn, but activity remained well below historical norms.

Advisers argue that London’s problem has been a lack of breadth and depth in supply.

Richard Fagan, head of origination at Shore Capital, said in a FT report that he expects more high-quality listings and favourable pricing conditions for sellers in 2026.

Visma and the search for a catalyst

Bankers believe a successful large IPO could act as a catalyst, encouraging other companies to follow.

One of the most closely watched candidates is Visma, the Norwegian software group backed by Hg Capital, which is considering a listing valued at around €19 billion as early as the first half of 2026.

Visma has chosen London over Amsterdam, a decision advisers say would be symbolic for the UK market.

The deal would test whether recent regulatory reforms and changes to index rules—such as allowing euro-reporting companies to join the FTSE 100 are making London more attractive.

Charlie Walker, deputy chief executive of the LSE, said that before the recent reforms, the listing rules had acted as obstacles to new listings, with different provisions posing challenges for different companies rather than a single, clear barrier.

Beyond Visma, advisers are tracking a long list of potential IPO candidates across fintech, insurance, and other sectors, though competition from New York remains intense.

Fintech, consumer, and overseas contenders

Several UK-based fintechs have been linked to IPOs, but many remain undecided on timing and venue.

Revolut is widely expected to stay private beyond 2026.

Santander-owned payments group Ebury has paused a London listing process but could revisit it, while Monzo’s plans have been complicated by management changes and shareholder tensions, pushing any listing into late 2026 or beyond.

Starling Bank is weighing a debut but may opt for a dual New York and London listing.

Other potential candidates include credit checker ClearScore, payments firm Zilch, and payments reader group SumUp, though many are still at an early stage.

In insurance, broker Howden is considering a London listing that could value it at about £23bn, though recent US acquisitions could tilt it toward New York.

Cyber insurance group CFC is working on a potential £5bn listing.

Overseas groups are also in focus.

CK Hutchison is considering listings for its AS Watson health and beauty business and its telecoms unit, which includes the Three mobile brand.

London is seen as a stronger contender for the telecoms listing.

Elsewhere, vet chain IVC Evidensia, bookseller Waterstones, travel firm LoveHolidays, Autoglass owner Belron, and Uzbek miner Navoi Mining and Metallurgical Company are among those weighing London debuts.

Bankers argue that if a handful of these deals succeed, they could help restore momentum to a market that has struggled to compete globally, making 2026 a critical year for the City’s IPO ambitions.



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Nvidia stock (NASDAQ: NVDA) surged roughly 3% on Friday as investors positioned ahead of the company’s pivotal CES keynote on January 5 and amid growing excitement about Chinese H200 demand.

The broader Nasdaq composite also strengthened, with the tech sector leading the market as traders returned from the New Year break.

The rally underscores how quickly sentiment can shift when artificial intelligence catalysts align with supply-demand dynamics favouring the chipmaker.​

AI momentum and CES positioning lift tech names

The timing of Nvidia stock rise makes strategic sense.

Jensen Huang will deliver the opening keynote address at CES on January 5, a venue that has become the company’s most important annual stage for showcasing AI breakthroughs and setting the tone for the year ahead.

Historically, Nvidia uses CES to elaborate on product roadmaps, highlight partnerships, and address investor concerns about growth trajectories and competitive positioning.

Last year, Huang unveiled robotics platforms and autonomous driving capabilities, signaling how Nvidia’s ambitions extend beyond data-center chips.​

The holiday liquidity dynamic also matters.

Between Christmas and New Year, trading volumes thin significantly, amplifying moves in heavily-traded mega-cap tech stocks.

A 3% gain on modest volume can telegraph stronger conviction once full trading resumes.

Analysts point out that holiday positioning, where portfolio managers adjust allocations for year-end and lock in tax losses, creates windows for concentrated buying interest in momentum names like Nvidia.​

Beyond the calendar, the CES event creates a catalyst for options traders and hedge funds that have large positions ahead of significant news.

Nvidia stock: These factors underpin optimism

The more fundamental driver of the rally is the explosive demand from China.

Reports that Chinese technology firms, including ByteDance, Alibaba, and others, have placed orders for more than 2 million H200 chips represent an extraordinary backlog.

Nvidia currently holds only 700,000 units in inventory, creating a supply-demand imbalance worth billions in potential revenue if Beijing approves the shipments and Nvidia can coordinate production through TSMC.​

The pricing alone underscores the urgency.

At roughly $27,000 per H200 chip, with eight-chip modules priced around 1.5 million yuan ($215,000), a single order of 2 million units implies $54 billion in gross sales.

Even with Nvidia’s cost structure, that margin opportunity has attracted fresh analyst attention.

Additionally, initial shipments are expected to arrive before the Lunar New Year in mid-February 2026, creating concrete near-term catalysts for headlines and management commentary.

Nvidia’s shift to Blackwell production and the pending introduction of next-generation Rubin chips also provide multi-year visibility.

Analysts have increasingly upgraded 2026 revenue forecasts, projecting that Nvidia could exceed $100 billion in annual sales by fiscal 2027.

That growth trajectory, combined with 70%+ gross margins on data-center chips, justifies valuations around current levels for investors comfortable with geopolitical execution risk around China approvals.

The key risk: Beijing’s approval of H200 imports remains uncertain despite the Trump administration’s export authorisations.

Any regulatory delay or reversal would deflate the optimism driving today’s rally.

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Analysts increasingly believe Microsoft could reach a $5 trillion market valuation in early 2026.

The analysis is driven by accelerating artificial intelligence monetisation, dominance in enterprise cloud infrastructure, and expanding operating margins that are reshaping the company’s earnings trajectory.

Currently valued at approximately $3.59 trillion as of late December 2025, Microsoft would need a 41% appreciation to hit the $5 trillion milestone.

The company’s unique positioning at the intersection of AI infrastructure, enterprise adoption, and recurring subscription revenue creates a structural advantage over peers.

Azure’s explosive growth and AI integration drive Microsoft’s acceleration

Microsoft’s path to $5 trillion hinges on Azure cloud’s continued momentum and successful monetization of artificial intelligence across its product portfolio.

In the fiscal first quarter of 2026, Azure and cloud services revenue surged 40% year-over-year.

This growth outpaces Microsoft’s legacy business segments, including Windows and Office, signaling a fundamental shift in where the company generates its highest-margin revenue.

Management specifically highlighted that demand for Azure infrastructure is exceeding supply, prompting the company to roughly double its data center capacity.​

The scale of committed customer spending underscores the depth of demand.

Microsoft’s commercial remaining performance obligations climbed 51% year-over-year to $392 billion, significantly exceeding the $294 billion in trailing twelve-month revenue.

This ratio implies that Microsoft is booking future business faster than it can recognise revenue, a powerful signal of durable demand visibility.

The company reported that commercial bookings nearly doubled, driven by Azure commitments extending its partnership with OpenAI through 2030 and including an additional $250 billion in committed Azure spend from OpenAI specifically.​

Risks that could derail the move in 2026

To reach $5 trillion, Microsoft would need to grow revenue to approximately $392 billion by 2026 while trading at 13 times sales.

If the company achieves 20% revenue growth (above consensus estimates of 15-16%), combined with modest margin expansion from AI-driven productivity gains, analysts say the $5 trillion target becomes realistic.

Wedbush’s Dan Ives explicitly projects a $5 trillion valuation by 2026, citing AI infrastructure expansion and expected acceleration in Azure deployment.

Wells Fargo analyst Michael Turrin’s $700 per share price target implies a $5.1 trillion valuation.​

Wall Street’s consensus reinforces optimism: 98% of 34 surveyed analysts rate Microsoft a Strong Buy, with average price targets clustered between $600 and $650, implying 23% to 33% appreciation from current levels. ​

However, risks exist. Microsoft faces elevated capital expenditure obligations, $34.9 billion in capex as of Q1 2026, which could pressure free cash flow if revenue growth disappoints.

Competitive pressure from Amazon Web Services and Google Cloud Platform remains real.

Additionally, if enterprise customers prove cautious about AI spending in a recessionary environment or if regulatory scrutiny on AI intensifies, Microsoft’s growth could decelerate sharply.

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