From SaaS to Semis: Market Signals Big Moves Ahead
DENVER, COLO.- Here’s your Power Hour rundown of the tickers commanding attention into the close and setting up for potential after-hours fireworks:
TEN Holdings (NASDAQ:XHLD) is making noise again as it accelerates its pivot to SaaS-based event tech. The company’s Xyvid Pro platform is already powering studio-grade virtual and hybrid events, but now it’s rolling out Ten Events Pro, a subscription model launched via Early Adopter Program in July.
The goal? Recurring, high-margin revenue in a market expected to surpass $400 billion by 2027. With digital-first enterprise communications and virtual training needs booming, XHLD’s tech stack puts it in prime position to capture market share from legacy players and Zoom-fatigued enterprises alike.
AtlasClear Holdings (NYSE:ATCH) is closing the week strong after its subsidiary Wilson-Davis & Co. posted a 295% YoY net income jump, with revenues up 15.5% to $12.85M. The company is also adding correspondent clearing clients like Dawson James Securities and reaffirming its ambitions to become a technology-powered, vertically integrated financial platform.
Leadership dropped big hints about upcoming crypto and banking features—and reiterated plans to acquire Commercial Bancorp of Wyoming. Executive Chairman John Schaible said the firm’s improved balance sheet “reflects our vision,” while Dawson James CEO Robert D. Keyser noted that ATCH’s model is “one we expect to expand.”
Check-Cap (NASDAQ:CHEK) shares moved on news of its planned merger with MBody AI, a private firm in the fast-emerging embodied AI sector, tech that enables robotics and autonomous systems to “move and reason like humans.”
Under the proposed deal, CHEK holders would own 10% of the combined company, which will retain some legacy healthcare IP. The combined entity is expected to raise capital post-merger to meet compliance and fund growth. A shareholder vote is scheduled for October 17.
MetaVia (NASDAQ:MTVA) was trading flat and took off after lunch.
Shares of Richtech Robotics (NASDAQ:RR) perked up following sector momentum in warehouse automation and hotel robotics. While no new filings hit today, the company is still basking in the glow of pilot wins with QSR chains and hotels for its autonomous service robots.
Traders are watching for new partner announcements, and the company previously said it’s “actively pursuing commercialization” in logistics and hospitality verticals.
C4 Therapeutics (NASDAQ:CCCC) is driven by growing investor interest in targeted protein degradation platforms.
Wolfspeed (NYSE:WOLF) moved higher today on a rebound in semiconductor sentiment, particularly around EV and power management chips. The company is seen as a pure-play leader in silicon carbide (SiC), a key material for next-gen EV systems.
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