NASDAQ Makes History with First-Ever Tether Gold Treasury as Prestige Wealth Completes $150M Rebrand to Aurelion

Gold meets digital innovation in landmark NASDAQ move

NASDAQ just shattered tradition by launching its first Tether Gold Treasury—while Prestige Wealth completes a massive $150 million fundraising round and emerges reborn as Aurelion.

The institutional gold rush accelerates

Traditional finance finally catches up to what crypto natives knew years ago: gold-backed digital assets represent the future of value storage. NASDAQ's embrace of Tether Gold signals mainstream acceptance is no longer coming—it's here.

$150 million speaks louder than words

Prestige Wealth's transformation into Aurelion isn't just a name change—it's a strategic pivot backed by serious capital. The $150 million raise demonstrates institutional confidence in digital gold products at a time when traditional assets look increasingly... traditional.

Because nothing says innovation like rediscovering gold after thousands of years—just with better technology this time.

Image source: Getty Images.

Applied Digital is off to a flying start in fiscal 2026 -- and it may soar even higher

Beating analysts' estimates that it WOULD post revenue of $45.5 million on the top line, Applied Digital reported first quarter 2026 sales of $64.2 billion due to the rapid growth of artificial intelligence computing. The company also surpassed expectations on the bottom line. While analysts expected the company to report adjusted earnings per share of negative $0.16, Applied Digital reported an adjusted loss per share of $0.03.

Management believes the company's strong performance in Q1 2026 is just the beginning. Lauding the company's leading industry position, CEO Wes Cummins said, "With hyperscalers expected to invest approximately $350 billion into AI deployment this year, we believe we are in a prime position to serve as the modern-day picks and shovels of the intelligence era."

The company's strong financial results motivated several analysts to boost their price targets today:

• Northland raised its price target to $40 from $30.
• Lake Street hiked its price target to $37 from $18.
• Craig-Hallum lifted its price target to $37 from $23.

Is it too late to buy Applied Digital stock?

While Applied Digital stock is racing higher, investors shouldn't feel that they've missed the boat as there's certainly potential for the stock to run higher. The data center infrastructure stock is priced at 37 times sales, which is admittedly pricey but still reasonable for a growth stock.