Metals Fabrication Shares Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Source: NASDAQ.COM
- Sector Decline: Metals fabrication and products shares collectively fell by approximately 0.9%, indicating a weak performance in the sector that may undermine investor confidence.
- Ampco-Pittsburgh Plummets: Ampco-Pittsburgh's stock dropped by about 32.5%, a significant decline likely driven by weak fundamentals or market concerns regarding its future prospects, prompting investor sell-offs.
- Almonty Industries Under Pressure: Almonty Industries saw a decline of approximately 6.4%, reflecting market doubts about its competitiveness and profitability in the metals sector, which could impact its financing and expansion plans.
- Market Sentiment Deteriorates: The poor performance of the metals fabrication sector may lead related companies to adopt a more cautious approach in future financing and investment decisions, potentially affecting the long-term growth of the industry.
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Analyst Views on ORBS
About ORBS
Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Total Assets: As of May 27, Eightco Holdings reported total assets of approximately $374 million, which includes crypto assets, private tech investments, cash, and stablecoins, reflecting the company's strategic focus on diversified investments.
- OpenAI Investment: The company holds an indirect investment of $90 million in OpenAI through special purpose vehicles (SPVs), constituting about 24% of its asset portfolio, indicating strong confidence in the AI sector and anticipated future growth potential.
- Worldcoin Holdings: Eightco owns 283.45 million Worldcoin tokens valued at approximately $99 million at $0.35 per token, further enhancing its investment portfolio in the digital identity space.
- Investment Themes: Management stated that its treasury strategy is centered around three major themes—artificial intelligence, digital identity, and the creator economy—aiming to drive long-term growth and market competitiveness through investments in these cutting-edge areas.
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- Portfolio Overview: As of May 27, 2026, Eightco Holdings' asset portfolio is valued at approximately $374 million, including $90 million in OpenAI shares and 11,068 ETH, showcasing the company's robust investment capability in digital assets.
- Value of OpenAI Investment: Eightco indirectly holds about 24% of OpenAI through special purpose vehicles, reflecting its commitment to the AI sector, particularly in light of OpenAI's ability to solve complex mathematical problems, which further solidifies its investment thesis.
- Market Potential of Worldcoin: Eightco holds over 283 million Worldcoins (WLD), representing 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, indicating a strategic positioning in the digital identity verification market that is expected to drive future revenue growth.
- Impact of Beast Industries: Eightco's $18 million investment in Beast Industries accounts for 5% of its assets, with the company leveraging MrBeast's influence to reach over 500 million users, highlighting its significant role in the creator economy and anticipated substantial returns for Eightco.
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- Asset Portfolio Overview: As of May 27, 2026, Eightco Holdings reports total assets of approximately $374 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries shares, 11,068 ETH, and 283 million WLD assets, showcasing the company's robust positioning in digital assets.
- Impact of OpenAI Investment: Eightco's investment in OpenAI represents 24% of its asset portfolio, one of the highest concentrations reported among public companies, indicating the company's confidence in the growth potential of the artificial intelligence sector.
- Digital Identity Strategy: Eightco holds over 283 million WLD, accounting for about 8.3% of the circulating supply, making it the largest publicly reported institutional holder globally, which not only enhances the company's market position but also lays a foundation for future developments in digital identity verification.
- Creator Economy Investment: Eightco's $18 million investment in Beast Industries represents 5% of its assets, with the company boasting over 500 million consumer followers, positioning Eightco competitively in the creator economy as AI content production becomes more mainstream.
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- Portfolio Overview: As of May 27, 2026, Eightco Holdings reports a total asset portfolio of approximately $374 million, including $90 million in OpenAI shares and $18 million in Beast Industries shares, showcasing the company's strong positioning in digital assets and tech investments.
- Digital Identity Investment: Eightco holds over 283 million Worldcoin (WLD), representing 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, indicating the company's leadership in digital identity verification and future growth potential.
- AI Outlook: OpenAI's ChatGPT reached 900 million weekly active users in February 2026, becoming the fastest-growing consumer technology globally, with Eightco's investment in OpenAI accounting for 24% of its assets, reflecting confidence in the future of the AI industry.
- Creator Economy Engagement: Eightco's investment in Beast Industries is approximately $18 million, constituting 5% of its assets, with the company boasting over 500 million social media followers, indicating Eightco's strategic positioning and market influence in the creator economy.
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- Portfolio Overview: As of May 27, 2026, Eightco's total asset holdings amount to approximately $374 million, including a $90 million indirect investment in OpenAI, showcasing its robust positioning in the digital asset landscape.
- Digital Identity Trend: Eightco holds over 283 million Worldcoin (WLD), representing 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, indicating its leadership in the digital identity verification market.
- AI Investment: Eightco's investment in OpenAI constitutes 24% of its cash assets, reflecting confidence in the future of artificial intelligence, particularly in OpenAI's ability to solve complex mathematical problems.
- Creator Economy Engagement: Eightco's $18 million investment in Beast Industries accounts for 5% of its cash assets, indicating a strategic positioning in the creator economy, especially given MrBeast's influence on social media.
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- Significant ETH Holdings: Bitmine currently holds 4,712,917 ETH valued at approximately $10.1 billion, representing 4.47% of the total ETH supply, indicating its crucial position in the crypto market and potentially attracting more investor interest.
- Liquidity and Returns: With a total of 4,712,917 ETH staked, Bitmine anticipates annual returns of $276 million, showcasing its efficiency and profitability in crypto asset management, further solidifying its market leadership.
- Active Market Trading: Bitmine's stock has an average daily trading volume of $572 million in the U.S. market, ranking 193rd, reflecting its popularity among investors and market recognition, which could drive future stock price increases.
- Strategic Investment and Expansion: The recent launch of Bitmine's MAVAN staking platform aims to attract more institutional investors, enhancing its competitiveness in the Ethereum staking market and expected to drive the company's growth potential in the future.
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