Though Coinbase (COIN) lost one-quarter of its value in 2026, the 16.5% jump after it posted results is a meaningful rally.
The cryptocurrency platform posted a $0.66 EPS (non-GAAP). Despite revenue falling by nearly 22% to $1.78 billion, short-sellers with a 7.55% short interest likely covered their bearish bet.
On a GAAP measure, Coinbase lost $2.49 a share. The non-GAAP EPS included adjustments of $476.2 million in crypto-related losses from the $1.29 billion in net income.
Strategy (MSTR) gained 8.9% on February 13. The short interest is at 10.1%. CEO Michael Saylor said that the firm will buy more Bitcoin (BTC-USD) every quarter indefinitely. That only increases the risks for MSTR stock should Bitcoin’s slump gain momentum. BTC prices closed at around $69,600 last week.
MSTR stock is down by ~ 12% YTD.
In the semiconductor space, Applied Materials (AMAT) added 8.1% after reporting quarterly results. Up by 38.1% YTD, the firm reported a -2.2% Y/Y change in revenue, to $7.01 billion. Management expressed confidence and optimism in its conference call. They expect to sustain margin growth going forward.
Applied benefits from AI-driven growth. HBM, DRAM, advanced packaging, and logic are tailwinds. This more than overruled risks from trade restrictions and tariffs.
For exposure in this sector, investors should watch Lam Research (LRCX), KLA (KLAC), and Teradyne (TER).
