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Investing.com -- Venu Holding Corporation (NYSE American:VENU) stock surged 14.7% Wednesday after the company announced a $10 million share repurchase program, signaling management’s belief that the stock is undervalued.
The buyback authorization, which runs through December 31, 2026, was approved by the company’s Board of Directors and gives management flexibility on timing and methods of repurchases. The program allows Venu to acquire shares through various means including open market purchases, privately negotiated transactions, and block trades.
J.W. Roth, Venu’s Founder, Chairman, and CEO, emphasized the disconnect between the company’s market valuation and its underlying assets: "We are unequivocal in our belief that our share price does not reflect the true value of VENU. We have a strong balance sheet, a solid cash position, and a portfolio of substantial real estate assets that we carry at zero basis."
The company recently reported third-quarter results showing significant asset growth. Total assets increased 76% to $314.8 million as of September 30, 2025, compared to $178.4 million at the end of 2024. Property and equipment rose 82% to $250.2 million during the same period.
Venu’s operational performance also showed improvement, with net revenue increasing 24% YoY to approximately $2 million for the three months ended September 30, 2025. For the nine-month period, net revenue jumped 72% YoY to $2.8 million.
The company noted that recent independent third-party appraisals valued its existing properties at nearly $1 billion on an as-completed basis, further supporting management’s view that the current market capitalization undervalues the business.
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