Institutional Giants Buy Canaan Stock at a Premium

102313856 : what is the long term prospect. I am holding 5800 shares.

Oneironaut88 OP 102313856 : $Canaan (CAN.US)$'s long-term prospects are tied closely to the evolution of the cryptocurrency and high-performance computing sectors. If Bitcoin and other major tokens remain in strong demand, Canaan's next-gen mining hardware, investments in modular data centers, and initiatives using flared gas for mining create potential for rapid sales and earnings growth — analyst models project its annual revenue could grow at over 30% per year. That's the epitome of a growth stock in its early years.

Historically, Canaan's earnings and share price have been very sensitive to crypto cycles, though it may not seem that way day-to-day. Canaan offers high upside potential but demands strong stomach for volatility. For long-term holders who can weather swings and believe in crypto's future, namely $Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$, it could be a "buy low, hold tight" play. I have 23,500 shares myself. I'm invested because there are many indications that Canaan is at a major turning point. Always mind the risks and position sizing — this is not a slow-growth blue chip.

105671636_HNM(INT) : @Oneironaut88 thanks for sharing the info in so details;) Btw, do you have in your mind for long term stock to invest?

Oneironaut88 OP 105671636_HNM(INT) : Of course. You're welcome. I enjoy leaving informative articles in the comment section, especially when holders grow bearish. Sorry, I'm not sure what you mean when you say "do you have in your mind for long term stock to invest?" If you're asking about Canaan stock, yes, I plan on holding it for over a year. If the stock were to skyrocket past $4, I may consider selling a portion and letting the remaining shares ride. Does that answer your question, or did you mean something else?

103273217 Oneironaut88 OP : may I kno ur price is at?
mine is still consider high

105671636_HNM(INT) Oneironaut88 OP : yes, i mean other stock to recommend?

Oneironaut88 OP 103273217 : Are you referring to my cost basis or my personal price target? If you're referring to my cost basis, it's $1.20. If you're asking what my personal price target is, it's $4. However, if growth accelerates, I may hold it even longer.

Oneironaut88 OP 105671636_HNM(INT) : You may have noticed that any industry related to the AI boom is extremely volatile right now. There is a lot of fear in the air if you check the $CBOE Volatility S&P 500 Index (.VIX.US)$. I would normally recommend stocks that are involved in AI because they have a lot of momentum, but I wouldn't want to send you in a risky direction. People are saying that industries related to AI are high risk, and that most of those companies are overvalued. If I were to make a recommendation, I would probably point you in the direction of defensive stocks, stocks that do well during a downturn. Do some research on defensive stocks and go from there. Some of them have relatively decent returns, without as much risk as the AI-related tech stocks. There is a lot going in the market. That's why Nasdaq has been swinging by 1%+ every day.

This isn't financial advice, as I'm not an advisor. Don't get mad at me if you lose money. Someone did that the other day when I didn't even tell them to buy. You take on risk every time you buy equities. That's why they're called "risk assets". Manage your risk by picking strong defensive stocks with fair returns, and go from there. If you're an absolute beginner, go to the moomoo learning section. It's a great resource to learn about every market, technical analysis, macro, etc., without having to leave the app.

I apologize for ranting. I'm using a computer keyboard which makes my comments over-explanatory.