---
title: "WSB Hot Topic | Up 6000% in Four Years! Functional beverage company Celsius is about to release its earnings report."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/108927781.md"
description: "CEO resigns! Snowflake plunges 23% in pre-market trading. Q4 revenue and profit beat expectations, but guidance falls short."
datetime: "2024-02-29T10:26:39.000Z"
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  - [zh-HK](https://longbridge.com/zh-HK/news/108927781.md)
---

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# WSB Hot Topic | Up 6000% in Four Years! Functional beverage company Celsius is about to release its earnings report.

**Marathon Digital, the concept stock of blockchain, topped the hot list this week with a nearly 30% increase.** With BTC soaring recently, breaking through $63,000:

Marathon Digital released its earnings report, indicating that in the fourth quarter, they mined 4,242 BTC, a 172% increase year-on-year. The company averaged 46.1 BTC per day in the fourth quarter. In 2023, Marathon Digital's active hash rate reached 24.7 EH/s, a 253% increase year-on-year.

Throughout the fiscal year, Marathon Digital reported a revenue of $387.5 million, a 229% increase year-on-year. They mined a total of 12,852 BTC in 2023, a 210% increase year-on-year, setting a new company record. The company sold 74% of the BTC mined in 2023 to fund operational costs.

**SaaS company Snowflake ranked second on the hot list**, plummeting 23% pre-market. While Snowflake's fourth-quarter revenue and earnings per share exceeded expectations, their guidance for the first quarter and full-year product revenue for the 2025 fiscal year fell short of expectations, leading to the CEO's decision to step down.

It's worth noting that **their competitor Salesforce** also announced their fourth-quarter performance for the 2024 fiscal year. The data showed that their Q4 revenue was $9.29 billion, an 11% increase year-on-year, surpassing the market's expectation of $9.22 billion. Their earnings per share, excluding certain items, were $2.29, also beating the market's expectation of $2.27. However, Salesforce's revenue guidance, as disclosed by S&P, was below market expectations, indicating that their new artificial intelligence (AI) software features have yet to drive growth.

Following the earnings announcement, Salesforce initially dropped nearly 7% in after-hours trading. However, with the announcement of a $10 billion share buyback (bringing the total to $30 billion), the stock price rebounded, falling by about 1.5% pre-market.

**Nvidia, along with their holdings SOUN and the AI rising star SMCI, ranked third, fifth, and seventh on the hot list.** SOUN is set to release their earnings report after hours today, with a nearly 6% increase pre-market;

**Dating app company Bumble ranked 11th on the hot list**, with disappointing financial results leading to a significant overnight drop of 14.8%. They plan to lay off around 350 employees, accounting for over 30% of their workforce; Celsius (CELH), a functional beverage company, ranks 13th on the hot list, with pre-market earnings report to be released soon, surging more than 6% before the market opens. The company operates in the functional beverage industry, with strong performance in recent years leading to a significant surge in stock price. Since hitting its lowest point in 2020, the stock has soared by over 6000%, making it one of the top gainers in the US stock market:

Beyond Meat, a plant-based meat company, ranks 14th on the hot list. Despite performance exceeding expectations, revenue continues to decline. The stock price surged by 30% overnight and at one point rose by 60% during trading hours.

Data Source: apewisdom, the most discussed stocks in the past 24 hours

Note:

The Wall Street Bets (WSB) channel on Reddit was created in 2012. This investment community has attracted over 14 million users and serves as a gathering place for retail investors to discuss US stocks. The stocks discussed in this channel are often the hottest at the moment. Due to the channel's influence, stock prices may be affected.

Risk Warning:

Stocks discussed in WSB may experience significant fluctuations due to retail investors' interest or disinterest, especially for small companies (such as GameStop and AMC in 2021). Please be cautious of the risks involved.

### Related Stocks

- [Celsius Holdings, Inc. (CELH.US)](https://longbridge.com/en/quote/CELH.US.md)
- [MARA Holdings, Inc. (MARA.US)](https://longbridge.com/en/quote/MARA.US.md)
- [Snowflake Inc. (SNOW.US)](https://longbridge.com/en/quote/SNOW.US.md)
- [Salesforce, Inc. (CRM.US)](https://longbridge.com/en/quote/CRM.US.md)
- [SoundHound AI, Inc. (SOUN.US)](https://longbridge.com/en/quote/SOUN.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Super Micro Computer, Inc. (SMCI.US)](https://longbridge.com/en/quote/SMCI.US.md)
- [Beyond Meat, Inc. (BYND.US)](https://longbridge.com/en/quote/BYND.US.md)

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