Dernières nouvelles pour Alibaba Gr Hldgs (NYSE:BABA) Stock

ALIBABA GROUP HOLDING-SP ADR

Alibaba Gr Hldgs

Alibaba Group Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share

Alibaba Group Holding Ltd

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

Wall Street ended the week on a high, with tech-driven indices hitting fresh records as strong corporate earnings, robust economic data, and breakthrough trade <a target="_blank" href="https://www.benzinga.com/markets/market-summary/25/07/46643937/trade-deals-wall-street-trump-fed-attack" rel="noreferrer noopener">deals lifted investor sentiment.</a>
The U.S. finalized new trade agreements with Indonesia, the Philippines, and Japan—Tokyo's pact being the most notable, cutting tariffs on Japanese autos <a target="_blank" href="https://www.benzinga.com/markets/market-summary/25/07/46648088/benzinga-bulls-and-bears-t-mobile-lendingtree-molina-healthcare-and-trade-deal-optimism-boosts-markets" rel="noreferrer noopener">and goods from 25% to 15%.</a>
In return, Japan committed $550 billion in investments and expanded access to U.S.-made products.
A U.S.-EU trade deal is reportedly nearing completion and could mirror the Japan agreement, with tariff relief expected before the August 1 deadline.
Also :&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue?tblci=GiAIRlI0k8093O7NDun8A3VPr6xAR70_aoZJ6XnLiAtCAyCN1Vcoz7Dpifi1v-7FATDviEo" target="_blank" rel="noreferrer noopener">Bitcoin Could Go To $300,000 Before ‘Great Depression' Crisis, Traders Argue – Benzinga</a>
Meanwhile, President Donald Trump signed an Executive Order to bolster America's artificial intelligence leadership by facilitating the export of full-stack AI systems to trusted allies.
The White House said the move aims to advance both economic competitiveness and national security.
Earnings:
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) &nbsp;reported second-quarter revenue of $96.43 billion, beating analyst<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46587283/alphabet-q2-earnings-revenue-eps-beat-estimates-google-parent-raises-capex-outlook-due-to-strong-and-growing-cloud-demand" rel="noreferrer noopener">&nbsp;estimates of $93.72 billion.</a>
The Google parent reported second-quarter earnings of $2.31 per share, beating estimates of $2.16 per share.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reported second-quarter revenue of $22.5 billion, down 12% year-over-year. The revenue missed a Street <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46587882/tesla-q2-earnings-highlights-revenue-and-earnings-fall-short-new-models-still-set-for-2025-2026" rel="noreferrer noopener">consensus estimate of $22.8 billion.</a>
International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported quarterly earnings of&nbsp;$2.80&nbsp;per share, which beat the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46587952/ibm-shares-slide-after-q2-results-eps-beat-revenues-beat" rel="noreferrer noopener">Street consensus estimate of&nbsp;$2.64. </a>Quarterly revenue came in at&nbsp;$16.977 billion, which beat the consensus estimate of&nbsp;$16.576 billion.
General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>): &nbsp;registered second-quarter adjusted earnings per share of $2.53, beating the&nbsp;analyst consensus estimate of $2.40. Quarterly sales of $47.12 billion outpaced<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46542820/general-motors-faces-tariffs-heat-margins-shrink" rel="noreferrer noopener"> the Street view of $45.57 billion.</a>
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported second-quarter revenue of $12.86 billion, beating <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46617195/intel-q2-earnings-revenue-beat-eps-miss-chipmaker-sees-clear-opportunities-to-enhance-competitive-position" rel="noreferrer noopener">analyst&nbsp;estimates of $11.91 billion</a>. The chipmaker reported a second-quarter adjusted loss of 10 cents per share, missing analyst estimates for earnings of one cent per share.
SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) reported quarterly adjusted earnings of $1.70,&nbsp;which beat the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46559325/sap-reports-better-than-expected-q2-results-details" rel="noreferrer noopener">consensus estimate of&nbsp;$1.47</a>. Quarterly revenue of $10.23 billion beat the&nbsp;$9.11 billion Street estimate.
Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) reported second quarter net sales of $18.16 billion, marginally missing the Street estimate of $18.63 billion, while adjusted earnings per share of $7.29 topped the<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46546336/missile-wins-cant-offset-margin-collapse-lockheed-martin-tumbles-after-q2-report" rel="noreferrer noopener"> consensus forecast of $6.63.</a>
T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) reported second-quarter earnings of&nbsp;$2.84&nbsp;per share, which beat the analyst<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46587855/t-mobile-stock-climbs-after-q2-results-crushed-growth-records" rel="noreferrer noopener"> consensus estimate of&nbsp;$2.68.</a>&nbsp;Quarterly revenue came in at $21.13 billion,&nbsp;which beat the Street estimate of&nbsp;$20.98 billion&nbsp;and is up from revenue of&nbsp;$19.77 billion&nbsp;from the same period last year.
Technology:
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is investigating whether a leak from its early alert system for cybersecurity companies allowed Chinese hackers to exploit flaws in its&nbsp;SharePoint&nbsp;service before <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46647734/microsoft-probes-possible-breach-of-its-cyber-threat-notification-system-after-suspected-chinese-hack-report" rel="noreferrer noopener">they were patched.</a>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is facing mounting pressure from investors as concerns intensify over its lagging generative AI (GenAI) strategy, a key driver of growth <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46636565/apple-faces-existential-threat-if-it-fails-to-act-on-genai" rel="noreferrer noopener">across the tech sector.</a>
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) advanced AI processors worth over $1 billion were reportedly smuggled to China after the U.S. government's <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46600247/nvidia-ai-chips-worth-1-billion-flood-chinas-black-market-after-trumps-export-curbs-its-like-a-seafood-market" rel="noreferrer noopener">efforts to restrict chip exports</a>.
Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) launched an&nbsp;upgraded version&nbsp;of its third-generation&nbsp;Qwen3 family&nbsp;of large language models (LLMs), enhancing its AI capabilities in math and coding to outperform top models from OpenAI <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46566307/alibabas-upgraded-qwen3-outperforms-openai-deepseek" rel="noreferrer noopener">and DeepSeek in key benchmarks.</a>
Jeff Bezos, founder and executive chairman of Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), has offloaded $1.5 billion worth of company stock just days ahead of the e-commerce giant&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46623965/jeff-bezos-offloads-1-5-billion-in-amazon-stock-ahead-of-q2-earnings-report-plans-to-sell-more" rel="noreferrer noopener">upcoming Q2 earnings report.</a>
The National Highway Traffic Safety Administration (NHTSA) has concluded its 14-month investigation into&nbsp;Alphabet&#8217;s&nbsp;self-driving company,&nbsp;Waymo. The investigation was initiated due to a series of minor collisions and<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46647825/alphabets-waymo-cleared-as-nhtsa-closes-14-month-robotaxi-safety-probe" rel="noreferrer noopener"> unexpected vehicle behavior.</a>
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is facing legal scrutiny over its&nbsp;$61 billion acquisition of&nbsp;VMware, as European Union judges assess a challenge to the deal's approval filed by <a target="_blank" href="https://www.benzinga.com/m-a/25/07/46634755/broadcoms-61-billion-vmware-deal-faces-eu-court-challenge-could-regulatory-blowback-hit-growth" rel="noreferrer noopener">a cloud computing group.</a>
Artificial Intelligence
A new plan to make the U.S. the powerhouse in the artificial intelligence sector and win the global AI race could make several tech <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46580004/trumps-ai-action-plan-to-unleash-4th-industrial-revolution-dan-ives-picks-6-stock-winners" target="_blank" rel="noreferrer noopener">giants stand out, according to tech analyst Dan Ives</a>.
Here are Ives' picks and why he thinks the push into AI is so important now.
Amid growing concerns about the financial burden of developing new AI models,&nbsp;Bret Taylor, chairman of&nbsp;OpenAI, has issued a cautionary <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46647201/openai-chairman-says-only-tech-giants-can-afford-new-ai-models-startups-should-focus-on-applications" rel="noreferrer noopener">note to AI entrepreneurs.</a>
Taylor, who has a background with tech giants like Google and Facebook, highlighted the substantial costs involved in training new AI models.
Chinese Premier&nbsp;Li Qiang&nbsp;has proposed the establishment of a global organization to promote international cooperation in the field <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46647539/china-pushes-for-global-ai-body-amid-rising-tensions-with-us-over-tech-exports-report" rel="noreferrer noopener">of artificial intelligence (AI).</a>
Premier Li made this proposal during the World Artificial Intelligence Conference (WAIC) in Shanghai, Reuters reported on Friday.
Automobiles:
Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>)&nbsp;launched 24/7&nbsp;Robotaxi operations on&nbsp;Friday in Guangzhou and Shenzhen, significantly expanding its service hours in two of<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46625780/pony-ai-kicks-off-24-7-robotaxi-service-in-guangzhou-and-shenzhen" rel="noreferrer noopener"> China's most dynamic economic hubs</a>.
This shift marks a key milestone in the company's Chinese expansion, increasing availability from 15 hours daily to full round-the-clock access. Pony.ai also extended its Robotaxi testing in Beijing to 24 hours a day.
Tesla is offering a range of incentives and discounts on all the vehicles in its lineup as sales continue to plummet.
The offers were shared by influencer&nbsp;Sawyer Merritt&nbsp;on X on Thursday, detailing the incentives the company<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46625917/elon-musk-led-tesla-announces-new-offers-incentives-on-entire-lineup-amid-sluggish-us-sales" rel="noreferrer noopener"> offers on all its models.</a>
Tesla said that it has received multiple shareholder proposals concerning the company&#8217;s&nbsp;potential investment&nbsp;in&nbsp;Elon Musk&#8217;s&nbsp;artificial intelligence startup,&nbsp;xAI.
In a statement shared on&nbsp;X, Tesla acknowledged growing shareholder interest in the proposed investment in&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46646932/elon-musks-tesla-to-include-shareholder-proposal-on-xai-investment-in-proxy-after-receiving-multiple-requests" rel="noreferrer noopener">Grok&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46646932/elon-musks-tesla-to-include-shareholder-proposal-on-xai-investment-in-proxy-after-receiving-multiple-requests" rel="noreferrer noopener">&nbsp;parent company.</a>
Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)&nbsp;Interim CEO,&nbsp;Marc Winterhoff, hailed Chinese electric vehicles and Robotaxis, saying he was &#8220;impressed by how much they came of age,&#8221;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46571454/tesla-rival-lucids-ceo-hails-chinese-evs-reiterates-commitment-to-us-robotaxi-operations-with-uber" rel="noreferrer noopener"> amid&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46571454/tesla-rival-lucids-ceo-hails-chinese-evs-reiterates-commitment-to-us-robotaxi-operations-with-uber" rel="noreferrer noopener">Uber Technologies, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>)&nbsp;is benefiting from a broader trend of robust consumer spending in the automotive sector,<a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46633103/autonation-expands-financing-program-strengthening-its-cash-flow" rel="noreferrer noopener"> propelling its stock upward. </a>The company reported second-quarter adjusted earnings per share of $5.46 on Friday, beating the analyst consensus estimate of $4.60.
Quarterly sales of $6.974 billion outpaced the Street view of $6.769 billion.
Read Next:
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Consumer Tech News (July 21–July 25): Big Tech Earnings, Pony AI Robotaxi, Tesla Discounts And More

Chinese Premier Li Qiang has proposed the establishment of a global organization to promote international cooperation in the field of artificial intelligence (AI).
What Happened: Premier Li made this proposal during the World Artificial Intelligence Conference (WAIC) in Shanghai, Reuters reported on Friday.
He emphasized the need for a unified global framework for AI governance, citing the current fragmented state of AI regulation and institutional rules across different countries.
Li&#8217;s proposal comes amidst the ongoing technological rivalry between China and the United States, the world&#8217;s two largest economies.
The U.S. has imposed export restrictions on advanced technology to China, including high-end AI chips, over concerns about their potential military applications.
Despite these restrictions, China continues to make significant AI advancements, drawing scrutiny from U.S. officials. Li warned that AI could become an &#8220;exclusive game&#8221; for a few countries and companies, highlighting challenges such as a shortage of AI chips and restrictions on talent exchange.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46557760/bitcoin-eyes-120000-as-ethereum-xrp-dogecoin-weaken">Bitcoin Eyes $120,000 As Ethereum, XRP, Dogecoin Weaken</a>
He also expressed China&#8217;s willingness to share its AI development experience and products with other countries, especially those in the Global South.
Why It Matters: The proposal for a global AI cooperation organization by China&#8217;s Premier Li Qiang is a significant move in the ongoing <a href="https://www.benzinga.com/markets/tech/25/07/46567115/anthropic-warns-us-falling-behind-china-in-ai-arms-race-as-energy-crisis-threatens-2028-infrastructure-goals">tech rivalry</a> between China and the U.S.
This proposal comes at a time when China is making substantial strides in AI, despite U.S. export restrictions. It also underscores the growing importance of AI in global technological competition and the need for international cooperation in its development and regulation.
China&#8217;s AI advancements have been notable, with the country&#8217;s tech giants such as Huawei and Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) showcasing their <a href="https://www.benzinga.com/markets/tech/25/07/46626379/alibaba-chinese-tech-firms-slash-ai-model-prices-to-win-developers">latest innovations</a> at the WAIC. This proposal could potentially reshape the global AI landscape and influence the future of AI development and regulation.&nbsp;
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: YAKOBCHUK V on Shutterstock.com

China Pushes For Global AI Body Amid Rising Tensions With US Over Tech Exports: Report

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$320.00</td>
<td>$34.9K</td>
<td>16.4K</td>
<td>241.5K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$15.00</td>
<td>$51.8K</td>
<td>44.6K</td>
<td>2.7K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$125.00</td>
<td>$30.2K</td>
<td>16.1K</td>
<td>2.4K</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$17.50</td>
<td>$84.8K</td>
<td>523</td>
<td>1.7K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$27.7K</td>
<td>5.1K</td>
<td>1.7K</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$20.00</td>
<td>$54.9K</td>
<td>31</td>
<td>1.3K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$30.00</td>
<td>$50.7K</td>
<td>28.8K</td>
<td>1.3K</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$210.00</td>
<td>$64.5K</td>
<td>813</td>
<td>1.2K</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$18.00</td>
<td>$41.8K</td>
<td>2.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$57.50</td>
<td>$45.6K</td>
<td>7.8K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 501 contract(s) at a $320.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $70.0 per contract. There were 16455 open contracts at this strike prior to today, and today 241576 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bearish, expiring in 56 day(s) on September 19, 2025. This event was a transfer of 540 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $51.8K, with a price of $96.0 per contract. There were 44610 open contracts at this strike prior to today, and today 2757 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 84 day(s) on October 17, 2025. Parties traded 40 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $755.0 per contract. There were 16147 open contracts at this strike prior to today, and today 2492 contract(s) were bought and sold. 
• Regarding KSS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), we observe a call option sweep with bullish sentiment. It expires in 84 day(s) on October 17, 2025. Parties traded 792 contract(s) at a $17.50 strike. This particular call needed to be split into 792 different trades to become filled. The total cost received by the writing party (or parties) was $84.8K, with a price of $107.0 per contract. There were 523 open contracts at this strike prior to today, and today 1772 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option sweep that happens to be bullish, expiring in 175 day(s) on January 16, 2026. This event was a transfer of 100 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $277.0 per contract. There were 5145 open contracts at this strike prior to today, and today 1713 contract(s) were bought and sold. 
• Regarding SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on August 1, 2025. Parties traded 200 contract(s) at a $20.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $54.9K, with a price of $275.0 per contract. There were 31 open contracts at this strike prior to today, and today 1354 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option trade with bullish sentiment. It expires in 84 day(s) on October 17, 2025. Parties traded 350 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $145.0 per contract. There were 28819 open contracts at this strike prior to today, and today 1302 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on August 1, 2025. Parties traded 547 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $64.5K, with a price of $118.0 per contract. There were 813 open contracts at this strike prior to today, and today 1231 contract(s) were bought and sold. 
• For MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on September 19, 2025. This event was a transfer of 1191 contract(s) at a $18.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $41.8K, with a price of $35.0 per contract. There were 2025 open contracts at this strike prior to today, and today 1205 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on August 15, 2025. Parties traded 48 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $45.6K, with a price of $950.0 per contract. There were 7810 open contracts at this strike prior to today, and today 1051 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

LULU

MBLY

RIVN

SBET

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) <a href="https://www.benzinga.com/topic/alibaba" target="_blank" rel="noreferrer noopener">stock is trading</a> lower on Friday amid reports indicating the e-commerce juggernaut and other major Chinese tech firms have slashed the prices of AI coding models to roughly one-fifth of what leading international rivals charge. 
The companies aim to trade short-term profits for long-term developer loyalty and market dominance, YiCai <a href="https://www.yicaiglobal.com/news/alibaba-other-chinese-internet-giants-cut-ai-coding-model-prices-to-attract-developers" target="_blank" rel="noreferrer noopener">reported</a> on Friday, citing industry experts. On July 23, Alibaba Cloud launched its Qwen3-Coder model and immediately offered a 50% discount.
Earlier, Moonshot AI&#8217;s July 11 release of the Kimi K2 model, known for its coding and agent capabilities, helped drive Chinese pricing down to about 4 Chinese yuan ($0.55) per million input tokens and 16 Chinese yuan ($2.23) for output, roughly 20% of the cost of Anthropic&#8217;s Claude 4.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
Chinese firms are strategically using price cuts to rapidly attract developers, encourage product adoption, build usage habits, and collect user feedback to refine their offerings, YiCai cited Charlie Dai, VP and chief analyst at Forrester.
Chen Xin, who oversees Alibaba Cloud&#8217;s coding tool Tongyi Lingma, said current paid-user penetration stands at 10–20%, with typical efficiency gains of 10–30%. However, he expects that to rise to 50–60% within six months and potentially reach 80% in a year as both domestic and global models mature.
Alibaba stock has gained 43% year-to-date, topping the NYSE Composite Index&#8217;s (of which Alibaba is also a constituent) over 9% returns.
Price Action:&nbsp;BABA shares are trading lower by&nbsp;1.05% to&nbsp;$119.88 premarket at&nbsp;last check Friday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46610781/autonomous-driving-player-mobileye-stock-drops-despite-raising-outlook-margin-growth" target="_blank" rel="noreferrer noopener">Autonomous Driving Player Mobileye Stock Drops Despite Raising Outlook, Margin Growth</a></li>
</ul>
Photo by Poetra.RH via Shutterstock

Asia

Movers

Media

Alibaba, Chinese Tech Firms Slash AI Model Prices To Win Developers

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$310.00</td>
<td>$38.4K</td>
<td>6.8K</td>
<td>120.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$230.00</td>
<td>$53.8K</td>
<td>27.5K</td>
<td>54.8K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$12.50</td>
<td>$53.0K</td>
<td>474</td>
<td>1.1K</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$18.50</td>
<td>$25.2K</td>
<td>799</td>
<td>1.0K</td>
</tr>
<tr>
<td>TRON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$12.50</td>
<td>$63.5K</td>
<td>5.3K</td>
<td>712</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$37.00</td>
<td>$118.3K</td>
<td>45</td>
<td>662</td>
</tr>
<tr>
<td>WEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$12.00</td>
<td>$35.0K</td>
<td>1.9K</td>
<td>541</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$100.00</td>
<td>$45.1K</td>
<td>5.4K</td>
<td>481</td>
</tr>
<tr>
<td>AEO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$34.5K</td>
<td>9.2K</td>
<td>421</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$24.00</td>
<td>$32.1K</td>
<td>135</td>
<td>344</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on July 25, 2025. Parties traded 200 contract(s) at a $310.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $192.0 per contract. There were 6820 open contracts at this strike prior to today, and today 120550 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on July 25, 2025. This event was a transfer of 191 contract(s) at a $230.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $282.0 per contract. There were 27521 open contracts at this strike prior to today, and today 54877 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on August 1, 2025. This event was a transfer of 1000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $53.0 per contract. There were 474 open contracts at this strike prior to today, and today 1187 contract(s) were bought and sold. 
• Regarding PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on July 25, 2025. Parties traded 1483 contract(s) at a $18.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $17.0 per contract. There were 799 open contracts at this strike prior to today, and today 1008 contract(s) were bought and sold. 
• For TRON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRON#NASDAQ">TRON</a>), we notice a call option trade that happens to be bullish, expiring in 176 day(s) on January 16, 2026. This event was a transfer of 223 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $63.5K, with a price of $285.0 per contract. There were 5396 open contracts at this strike prior to today, and today 712 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option trade that happens to be neutral, expiring in 148 day(s) on December 19, 2025. This event was a transfer of 650 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $118.3K, with a price of $182.0 per contract. There were 45 open contracts at this strike prior to today, and today 662 contract(s) were bought and sold. 
• Regarding WEN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>), we observe a call option sweep with bearish sentiment. It expires in 120 day(s) on November 21, 2025. Parties traded 500 contract(s) at a $12.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $70.0 per contract. There were 1912 open contracts at this strike prior to today, and today 541 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option sweep that happens to be bearish, expiring in 148 day(s) on December 19, 2025. This event was a transfer of 155 contract(s) at a $100.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $291.0 per contract. There were 5425 open contracts at this strike prior to today, and today 481 contract(s) were bought and sold. 
• For AEO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), we notice a put option trade that happens to be bullish, expiring in 176 day(s) on January 16, 2026. This event was a transfer of 300 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $115.0 per contract. There were 9207 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• For SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we notice a call option sweep that happens to be bullish, expiring in 85 day(s) on October 17, 2025. This event was a transfer of 50 contract(s) at a $24.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $643.0 per contract. There were 135 open contracts at this strike prior to today, and today 344 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PENN

TRON

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang revealed the company&#8217;s straightforward chip allocation process during Wednesday&#8217;s All In Podcast, dismissing concerns about favoritism among tech titans competing for scarce artificial intelligence processors.
What Happened: When asked how he manages allocation requests from high-profile clients like Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk, Meta Platforms Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Mark Zuckerberg and OpenAI&#8216;s Sam Altman, Huang offered a surprisingly simple answer: &#8220;Place a PO. That&#8217;s it.&#8221;
Huang said that the company now discloses its roadmap to partners a year in advance for better planning.
Huang addressed supply concerns by revealing he &#8220;wrote off $5 billion worth of Hoppers,&#8221; adding, &#8220;If anybody would like to have some extras, you got them. Just give me a call.&#8221;
The allocation process has become critical as demand for NVIDIA&#8217;s H100 AI chips intensifies. Current Hopper architecture GPUs maintain strong residual value, retaining 75-80% of their original value after one year and approximately 50% after three years.
Responding to Musk&#8217;s projection of deploying &#8220;50 million H100 equivalents&#8221; within five years, Huang described AI infrastructure as requiring &#8220;factories of AI&#8221; that continuously produce tokens. He estimates the industry is &#8220;a couple hundred billion dollars into a multi-trillion dollar infrastructure buildout per year.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46594334/trump-wanted-to-break-up-nvidia-before-he-learned-the-facts-he-later-found-out-its-not-easy" target="_blank" rel="noreferrer noopener">Trump Wanted To Break Up Nvidia Before He ‘Learned The Facts' — He Later Found Out It's ‘Not Easy'</a>
Why It Matters: The chip shortage has intensified amid <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">U.S. sanctions affecting Chinese customers</a>. Chinese server maker H3C recently warned of depleted H20 chip inventory, with supply uncertainties extending beyond April. 
Major Chinese firms, including Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) have increased H20 orders following DeepSeek&#8216;s emergence in the AI market.
Previous reports <a href="https://www.benzinga.com/markets/equities/24/09/40893386/elon-musk-and-oracles-larry-ellison-begged-jensen-huang-for-nvidia-gpus-at-a-dinner-please-take-">indicate the competitive dynamics at play</a>. Oracle Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) Larry Ellison and Musk reportedly &#8220;begged&#8221; Huang for additional GPUs during a dinner at Nobu Palo Alto, with Ellison stating they told the CEO to &#8220;please take our money.&#8221;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46593519/dow-surges-500-points-amid-trumps-trade-deal-deluge-investor-sentiment-improves-fear-index-moves-to-extreme-greed-zone" target="_blank" rel="noreferrer noopener">Dow Surges 500 Points Amid Trump's Trade Deal Deluge: Investor Sentiment Improves, Fear Index Moves To ‘Extreme Greed' Zone</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

ORCL

TCEHY

As Elon Musk, Mark Zuckerberg And Sam Altman Chase Nvidia AI Chips, Jensen Huang Says 'Just Call Me' — Here's How Allocation Really Works

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$335.00</td>
<td>$31.2K</td>
<td>8.9K</td>
<td>29.1K</td>
</tr>
<tr>
<td>WEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$12.00</td>
<td>$35.0K</td>
<td>4.3K</td>
<td>8.8K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$123.00</td>
<td>$25.8K</td>
<td>7.8K</td>
<td>5.3K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$105.00</td>
<td>$46.1K</td>
<td>11.9K</td>
<td>1.6K</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/22/25</td>
<td>$58.00</td>
<td>$40.1K</td>
<td>13.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$15.00</td>
<td>$120.0K</td>
<td>879</td>
<td>560</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$108.00</td>
<td>$47.8K</td>
<td>5</td>
<td>405</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$150.00</td>
<td>$40.0K</td>
<td>17.8K</td>
<td>323</td>
</tr>
<tr>
<td>ORLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$94.67</td>
<td>$34.6K</td>
<td>1.0K</td>
<td>253</td>
</tr>
<tr>
<td>CAKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$100.9K</td>
<td>361</td>
<td>82</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on July 25, 2025. Parties traded 30 contract(s) at a $335.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $1041.0 per contract. There were 8937 open contracts at this strike prior to today, and today 29191 contract(s) were bought and sold. 
• Regarding WEN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>), we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on August 15, 2025. Parties traded 583 contract(s) at a $12.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $60.0 per contract. There were 4376 open contracts at this strike prior to today, and today 8861 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 2 day(s) on July 25, 2025. Parties traded 200 contract(s) at a $123.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $129.0 per contract. There were 7831 open contracts at this strike prior to today, and today 5347 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bullish, expiring in 23 day(s) on August 15, 2025. This event was a transfer of 1003 contract(s) at a $105.00 strike. This particular put needed to be split into 68 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $45.0 per contract. There were 11908 open contracts at this strike prior to today, and today 1602 contract(s) were bought and sold. 
• For SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on August 22, 2025. This event was a transfer of 422 contract(s) at a $58.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $95.0 per contract. There were 13597 open contracts at this strike prior to today, and today 1042 contract(s) were bought and sold. 
• For MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we notice a put option trade that happens to be bearish, expiring in 2 day(s) on July 25, 2025. This event was a transfer of 3000 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $40.0 per contract. There were 879 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold. 
• For DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on July 25, 2025. This event was a transfer of 84 contract(s) at a $108.00 strike. The total cost received by the writing party (or parties) was $47.8K, with a price of $570.0 per contract. There were 5 open contracts at this strike prior to today, and today 405 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bullish sentiment. It expires in 177 day(s) on January 16, 2026. Parties traded 320 contract(s) at a $150.00 strike. This particular put needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $125.0 per contract. There were 17881 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
• Regarding ORLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), we observe a put option trade with bearish sentiment. It expires in 58 day(s) on September 19, 2025. Parties traded 99 contract(s) at a $94.67 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $350.0 per contract. There were 1082 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding CAKE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), we observe a call option trade with bullish sentiment. It expires in 177 day(s) on January 16, 2026. Parties traded 34 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $100.9K, with a price of $2970.0 per contract. There were 361 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CAKE

DECK

ORLY

Citigourp Global Markets 2% Protected Notes Linked To The Djia

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

U.S. stock futures rose on Wednesday after ending on a mixed note on Tuesday. Futures of major benchmark indices were higher.
President Donald Trump finalized the long-anticipated trade deal <a href="https://www.benzinga.com/markets/economic-data/25/07/46562556/trump-says-550-billion-trade-deal-with-japan-reached-that-will-create-thousands-of-jobs-there-has-never-been-anything-like-it">between Washington and Tokyo</a>. 
Trump emphasized the job creation potential, stating it would generate hundreds of thousands of jobs. Additionally, Japan will open its markets to U.S. cars, trucks, rice, and other agricultural products, while agreeing to a reciprocal tariff of 15% on U.S. imports.
Meanwhile, the 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.85%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 95.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.50%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.41%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.23%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.07%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.40% at $631.39, while the QQQ advanced 0.22% to $562.49, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Tuesday, health care, real estate, utilities, materials, consumer discretionary, financials, energy, industrials, and consumer staples sectors recorded the biggest gains.
However, communication services and IT sectors dropped as Nasdaq fell in trade.
Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) jumped 9.41% after reporting robust earnings, beating analyst estimates. Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) declined 0.19% as pricing pressure offset its better-than-expected earnings.
The Dow Jones index ended 179 points or 0.40% higher at 44,502.44, whereas the S&amp;P 500 index rose above the flatline by 0.064% to 6,309.62. Nasdaq Composite declined 0.39% to 20,892.69, and the small-cap gauge, Russell 2000, gained 0.79% to end at 2,248.76.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.39%</td>
<td>20,892.69</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.06%</td>
<td>6,309.62</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.40%</td>
<td>44,502.44</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.79%</td>
<td>2,248.76</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to the analysts at BlackRock, markets are pricing in multiple Federal Reserve rate cuts over the next year. Yet they see &#8220;sticky inflation limiting rate cuts – even as renewed rate hikes are unlikely.&#8221;
The note stated that BlackRock&#8217;s preference is partly driven by caution on long-term bonds due to the lack of U.S. fiscal discipline and sticky inflation.
BlackRock further states that &#8220;We get selective across and within regions. We went overweight U.S. agency mortgage-backed securities (MBS): spreads are wider than historical averages and we could see some investors switch from long-term Treasuries. We upped local currency emerging market (EM) debt to neutral this month: it has weathered U.S. trade policy shifts, and debt levels have improved.&#8221;
Additionally, they highlighted the bottom line, stating that there was a mix of income opportunities, but they remain selective due to fiscal sustainability risks.
&#8220;Federal Reserve independence is important for investor confidence around the globe, in our view,&#8221; said Collin Martin, director, fixed income strategy, at the Schwab Center for Financial Research.
&#8220;We expect the Fed to lower rates gradually over the next year or so, which seems appropriate if the labor market gradually cools and inflation resumes its disinflationary trend towards 2%.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>June&#8217;s existing home sales data will be out by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was 0.35% up in premarket on Wednesday as analysts expect it to report earnings of 42 cents per share on revenue of $22.79 billion before the opening bell.</li>
</ul>
<ul class="wp-block-list">
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) declined 0.47% as it is expected to report earnings before the opening bell. Analysts estimate earnings of 52 cents per share on revenue of $30.45 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) dropped 11.97% despite better-than-expected second quarter results as it issues a cautious outlook clouded by persistent <a href="https://www.benzinga.com/markets/earnings/25/07/46565084/texas-instruments-reports-shallow-auto-recovery-cites-geopolitical-risks-and-tariff-impact-on-supply-chains">geopolitical uncertainties</a> and a "shallow" recovery in the crucial automotive sector. </li>
</ul>
<ul class="wp-block-list">
<li>OFA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFAL#NASDAQ">OFAL</a>) surged 54.91% after the company announced a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Treasury Strategy worth $100 million.</li>
</ul>
<ul class="wp-block-list">
<li>GoPro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) zoomed 46.72% and Krispy Kreme Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) jumped 17.43% amid a renewed interest in meme stocks, with retail investors driving up the prices.</li>
</ul>
<ul class="wp-block-list">
<li>Lulu&#8217;s Fashion Lounge Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) advanced 24.31% after it successfully regained compliance with Nasdaq&#8217;s minimum bid price requirement for continued listing on the Nasdaq Capital Market.</li>
</ul>
<ul class="wp-block-list">
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) rose 5.24% and Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) was 5.10% higher after the power grid operator PJM Interconnection announced the results of its capacity auction for the 2026-2027 delivery year</li>
</ul>
<ul class="wp-block-list">
<li>Alibaba Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was 2.06% higher after it unveiled Qwen3-Coder-480B, an open-source AI coding model, touted as its most advanced to date.</li>
</ul>
<ul class="wp-block-list">
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) rose 0.94% after it announced the plans to launch its &#8220;Ten Major AI Infrastructure Projects&#8221; initiative, aimed at generating more than $510 billion in economic value by 2040.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.15% to hover around $65.21 per barrel.
Gold Spot U.S. Dollar fell 0.05% to hover around $3,429.88 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.04% at the 97.4330 level.
Asian markets ended higher on Wednesday as Japan's Nikkei 225, South Korea's Kospi, Hong Kong's Hang Seng, India's S&amp;P BSE Sensex, China&#8217;s CSI 300, and Australia's ASX 200 indices rose. European markets were mostly higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/hedge-funds/25/07/46541890/warren-buffett-doubles-his-stake-in-this-pizza-maker-over-3-quarters-as-berkshire-sells-two-t">Warren Buffett Doubles His Stake In This Pizza-Maker Over 3 Quarters As Berkshire Sells Two-Thirds Of Its Apple Holdings</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

$BTC

DNUT

GPRO

LVLU

OFAL

US Stocks Likely To Open Higher As Trump Seals Japan Trade Deal — Tesla, AT&T, Texas Instruments Earnings On Deck

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) launched an <a href="https://www.benzinga.com/topic/alibaba">upgraded version</a> of its third-generation Qwen3 family of large language models (LLMs), enhancing its AI capabilities in math and coding to outperform top models from OpenAI and DeepSeek in key benchmarks.
The new open-source model, Qwen3-235B-A22B-Instruct-2507-FP8, delivered marked improvements in instruction following, logical reasoning, coding, science, and tool usage, as noted in updates on HuggingFace and Alibaba&#8217;s ModelScope platform, SCMP <a href="https://www.scmp.com/tech/big-tech/article/3319101/alibaba-upgrades-flagship-qwen3-model-outperform-openai-deepseek-maths-coding" target="_blank" rel="noreferrer noopener">reported</a> on Tuesday. 
While the upgraded Qwen model currently operates in a non-thinking mode, delivering direct outputs without displaying reasoning steps, it now supports inputs of up to 256,000 tokens. This represents an eightfold increase, enabling the model to process much longer text sequences within a single conversation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
Beyond its core LLM advancements, Alibaba also announced that its 3-billion-parameter Qwen model will power HP&#8217;s &#8220;Xiaowei Hui&#8221; smart assistant in China. This integration aims to help users more efficiently draft documents and summarize meetings.
Performance data released by the company shows Qwen3-Coder surpassed domestic rivals such as DeepSeek and Moonshot AI&#8217;s K2 in key coding benchmarks. Alibaba also said the model rivals top U.S. offerings, including OpenAI&#8217;s GPT-4 and Anthropic&#8217;s Claude, in select capabilities.
During a recent visit to China, Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang praised the Qwen series, alongside DeepSeek and Moonshot&#8217;s Kimi models, as among the world&#8217;s most advanced open reasoning AI systems, underscoring China&#8217;s rapid progress in the global AI race.
Huang visited China shortly after the U.S. approved <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai" rel="noreferrer noopener">export license filings</a> for the company&#8217;s H20 GPUs, which were designed to meet American export regulations. Although U.S. agencies have not finalized the paperwork, Huang said the government assured Nvidia that licenses would be granted.
Alibaba stock has seen substantial gains this year, increasing over 42% year-to-date and outperforming the NYSE Composite Index&#8217;s rise of over 8%. 
Price Action: BABA shares were trading higher by 2.15% to $123.31 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46387027/alibaba-bleeds-billions-as-delivery-price-war-erases-100-billion-in-market-value" target="_blank" rel="noreferrer noopener">Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value</a></li>
</ul>
Photo by Mamun_Sheikh via Shutterstock

Alibaba's Latest AI Model Outperforms ChatGPT, DeepSeek

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$330.00</td>
<td>$36.4K</td>
<td>16.9K</td>
<td>39.7K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$80.00</td>
<td>$48.8K</td>
<td>21.6K</td>
<td>12.7K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$4.00</td>
<td>$25.1K</td>
<td>105.2K</td>
<td>5.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$180.00</td>
<td>$122.2K</td>
<td>2.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$60.00</td>
<td>$31.4K</td>
<td>740</td>
<td>319</td>
</tr>
<tr>
<td>FUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$35.00</td>
<td>$25.1K</td>
<td>13.6K</td>
<td>281</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$26.1K</td>
<td>12.9K</td>
<td>191</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$12.00</td>
<td>$26.0K</td>
<td>730</td>
<td>100</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$165.00</td>
<td>$123.0K</td>
<td>239</td>
<td>100</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/20/26</td>
<td>$45.00</td>
<td>$45.0K</td>
<td>42</td>
<td>70</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on July 25, 2025. This event was a transfer of 27 contract(s) at a $330.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $1350.0 per contract. There were 16940 open contracts at this strike prior to today, and today 39744 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bearish, expiring in 87 day(s) on October 17, 2025. This event was a transfer of 166 contract(s) at a $80.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $294.0 per contract. There were 21604 open contracts at this strike prior to today, and today 12785 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a put option sweep with bullish sentiment. It expires in 59 day(s) on September 19, 2025. Parties traded 1250 contract(s) at a $4.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $20.0 per contract. There were 105224 open contracts at this strike prior to today, and today 5164 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be bullish, expiring in 59 day(s) on September 19, 2025. This event was a transfer of 1001 contract(s) at a $180.00 strike. This particular put needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $122.2K, with a price of $122.0 per contract. There were 2167 open contracts at this strike prior to today, and today 4051 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bearish, expiring in 122 day(s) on November 21, 2025. This event was a transfer of 199 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $31.4K, with a price of $158.0 per contract. There were 740 open contracts at this strike prior to today, and today 319 contract(s) were bought and sold. 
• For FUN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>), we notice a call option sweep that happens to be bullish, expiring in 59 day(s) on September 19, 2025. This event was a transfer of 181 contract(s) at a $35.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $135.0 per contract. There were 13660 open contracts at this strike prior to today, and today 281 contract(s) were bought and sold. 
• Regarding QS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), we observe a call option sweep with bullish sentiment. It expires in 542 day(s) on January 15, 2027. Parties traded 27 contract(s) at a $5.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $970.0 per contract. There were 12972 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option trade that happens to be bearish, expiring in 542 day(s) on January 15, 2027. This event was a transfer of 100 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $260.0 per contract. There were 730 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bearish, expiring in 542 day(s) on January 15, 2027. This event was a transfer of 100 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $123.0K, with a price of $1230.0 per contract. There were 239 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option trade that happens to be bearish, expiring in 213 day(s) on February 20, 2026. This event was a transfer of 70 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $643.0 per contract. There were 42 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

DKNG

When President Donald Trump returned to the White House in January 2025, one of his signature ambitions remained unchanged: <a href="https://www.benzinga.com/markets/tech/25/07/46485576/trump-administration-to-impose-93-5-tariffs-on-key-battery-material-imports-from-china-report">confronting China's global economic influence</a>. From tariffs and trade talks to reshoring initiatives and supply chain pressure, the second term opened with renewed efforts to curb Beijing's rise—and reassert American dominance.
Since January, Trump has ramped up economic pressure on China with sweeping import tariffs. His administration has also tightened controls on exports of certain advanced technologies to the Asian nation, added additional Chinese firms to U.S. government restricted lists.
But by midyear, that narrative is facing an unexpected twist. Chinese large-cap stocks, long seen as vulnerable to Western pressure, are posting their strongest outperformance versus U.S. equities in 16 years, stamping out fears that Trump&#8217;s policies would weaken the <a href="https://www.benzinga.com/topic/china">world's second-largest economy</a>.
And they're doing it in spectacular fashion. Through July 21, the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is up 25% year-to-date, outpacing the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which has gained just 8%. The last time Chinese stocks posted a greater degree of relative strength was in 2009, when they beat the S&amp;P 500 by 18 percentage points.
Despite the rally, the FXI ETF has still 92% upside to reach its all-time high set in late 2007, suggesting that this run may still have room to go—at least technically.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="561" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-1024x561.png" alt="" class="wp-image-994237" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-1024x561.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-1536x841.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21154937/image-286-2048x1121.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">China's Top 7 Stocks Just Beat The Magnificent Seven — By A Lot</h2>
While Wall Street keeps cheering on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the seven largest publicly traded Chinese companies — a group that includes Xiaomi Corp. (OTCPK: XIACY), Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Tencent Holding Ltd. (OTCPK: TCEHY) — have now outperformed the U.S. Magnificent Seven by a wide margin in 2025.
Xiaomi has emerged as the breakout star, fueled by the blockbuster release of its YU7 electric SUV, which logged 289,000 orders in its first hour.
Goldman Sachs analyst Timothy Zhao said consumer demand for the YU7 "far exceeds our and market expectations," and believes it cements Xiaomi's leadership in China's premium EV market.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>FXI&#8217;s 7 Largest Holdings</th>
<th>Sector</th>
<th>YTD Return</th>
</tr>
</thead>
<tbody>
<tr>
<td>Xiaomi Corp.</td>
<td>Information Technology</td>
<td>67.39%</td>
</tr>
<tr>
<td>Alibaba Group Holding Ltd.</td>
<td>Consumer Discretionary</td>
<td>45.49%</td>
</tr>
<tr>
<td>BYD Co. Ltd. (OTCPK: BYDDY)</td>
<td>Consumer Discretionary</td>
<td>45.29%</td>
</tr>
<tr>
<td>China Construction Bank Corp. (OTCPK: CICHF) </td>
<td>Financials</td>
<td>38.07%</td>
</tr>
<tr>
<td>Tencent Holdings Ltd.</td>
<td>Communication Services</td>
<td>26.15%</td>
</tr>
<tr>
<td>ICBC (Industrial &amp; Commercial Bank of China) (OTCPK: IDCBY)</td>
<td>Financials</td>
<td>25.03%</td>
</tr>
<tr>
<td>Meituan (OTCPK: MPNGY)</td>
<td>Consumer Discretionary</td>
<td>-13.78%</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>GROUP AVERAGE</td>
<td></td>
<td>33.38%</td>
</tr>
</tfoot>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Magnificent Seven</th>
<th>YTD Return</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nvidia Corp. </td>
<td>28.17%</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>22.22%</td>
</tr>
<tr>
<td>Microsoft Corp. </td>
<td>21.52%</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>4.41%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>0.46%</td>
</tr>
<tr>
<td>Apple Inc. </td>
<td>-14.83%</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-18.35%</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>GROUP AVERAGE</td>
<td>6.23%</td>
</tr>
</tfoot>
</table>
</figure>
<h3 class="wp-block-heading">China's Economy Holds Up Better Than Expected</h3>
Despite Trump's tariff hikes earlier this year, China's economy is proving more resilient than many expected.
As highlighted by Goldman Sachs economist Andrew Tilton, real GDP rose 5.3% year-over-year in the first half of 2025, well ahead of forecasts. Exports grew 6.2% in the second quarter despite tariff headwinds, aided by trade rerouting and sustained global demand.
Tilton said the government still has "ample room" to hit its full-year growth target of around 5% and sees no immediate need for major stimulus.
<h3 class="wp-block-heading">Bottom Line: China Is Winning the 2025 Trade Shock—So Far</h3>
Despite Trump's tariff campaign, China's large-cap stocks are outperforming their U.S. counterparts by the widest margin since the post-crisis rally of 2009.
With explosive EV demand, solid GDP growth and massive valuation gaps, Chinese equities are showing unexpected strength.
And for now, investors betting against China's comeback are on the wrong side of the trade.
Read now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/bonds/25/07/46501603/us-treasury-holdings-foreign-china-japan-trump">Trump Just Got A $756 Billion Message From China — And It&#8217;s Not Friendly</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Emerging Market ETFs

Global

Analyst Ratings

ETFs

BYDDY

CICHF

IDCBY

MPNGY

XIACY

Trump Wanted To Break China—Now It's Crushing The US At Its Own Game

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$230.00</td>
<td>$41.0K</td>
<td>23.4K</td>
<td>40.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$34.3K</td>
<td>5.2K</td>
<td>6.0K</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$10.00</td>
<td>$292.0K</td>
<td>2.0K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$125.00</td>
<td>$66.9K</td>
<td>12.0K</td>
<td>1.9K</td>
</tr>
<tr>
<td>YUMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$47.50</td>
<td>$528.0K</td>
<td>5.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$54.00</td>
<td>$28.4K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$33.00</td>
<td>$27.5K</td>
<td>4.6K</td>
<td>907</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$15.00</td>
<td>$25.8K</td>
<td>1.4K</td>
<td>321</td>
</tr>
<tr>
<td>SBET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/22/25</td>
<td>$50.00</td>
<td>$53.4K</td>
<td>1</td>
<td>315</td>
</tr>
<tr>
<td>JACK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$22.50</td>
<td>$90.8K</td>
<td>379</td>
<td>284</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $230.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $205.0 per contract. There were 23491 open contracts at this strike prior to today, and today 40584 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bearish, expiring in 179 day(s) on January 16, 2026. This event was a transfer of 33 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $1040.0 per contract. There were 5251 open contracts at this strike prior to today, and today 6073 contract(s) were bought and sold. 
• Regarding QS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on July 25, 2025. Parties traded 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $292.0K, with a price of $292.0 per contract. There were 2038 open contracts at this strike prior to today, and today 4244 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $125.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $66.9K, with a price of $667.0 per contract. There were 12098 open contracts at this strike prior to today, and today 1969 contract(s) were bought and sold. 
• Regarding YUMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), we observe a call option trade with bullish sentiment. It expires in 179 day(s) on January 16, 2026. Parties traded 1200 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $528.0K, with a price of $440.0 per contract. There were 5215 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $54.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $142.0 per contract. There were 2327 open contracts at this strike prior to today, and today 1019 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $33.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 4652 open contracts at this strike prior to today, and today 907 contract(s) were bought and sold. 
• Regarding SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we observe a call option sweep with bullish sentiment. It expires in 543 day(s) on January 15, 2027. Parties traded 50 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $518.0 per contract. There were 1461 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold. 
• Regarding SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we observe a call option trade with bullish sentiment. It expires in 32 day(s) on August 22, 2025. Parties traded 300 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $53.4K, with a price of $178.0 per contract. There were 1 open contracts at this strike prior to today, and today 315 contract(s) were bought and sold. 
• For JACK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on October 17, 2025. This event was a transfer of 284 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.8K, with a price of $320.0 per contract. There were 379 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JACK

YUMC

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang received a rockstar reception in Beijing during his most recent visit last week which marked his third this year and solidified his celebrity<a href="https://www.benzinga.com/markets/equities/25/07/46509701/nvidias-jensen-huang-charms-china-with-ai-diplomacy-as-tariff-tensions-linger"> status in China.&nbsp;</a>
What To Know:&nbsp; Huang, CEO of the world&#8217;s most valuable company, was seen strolling the streets of the capital city, mingling with fans and signing autographs—including on his trademark leather jackets. He was also seen taking selfies and being widely recognized by a devoted fanbase.&nbsp;
Read Next: <a href="https://www.benzinga.com/real-estate/25/07/46522335/opendoor-stock-frenzy-continues-is-40-per-share-the-next-stop?utm_source=articleShare">Opendoor Stock Frenzy Continues—Is $40 Per Share The Next Stop?</a>
During his visit, Huang attended the China International Supply Chain Expo and described Chinese AI models<a href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai"> from companies like</a> DeepSeek, Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Tencent as &#8220;world class&#8221; and praised the scale and sophistication of the Chinese supply chain.
Huang even applauded the capabilities of Nvidia's strategic rival Huawei.&nbsp;
&#8220;I think the fact of the matter is, anyone who discounts Huawei and anyone who discounts China&#8217;s manufacturing capability is deeply naive. This is a formidable company,&#8221; Huang told reporters, according to Reuters.&nbsp;
Why It Matters: Huang&#8217;s trip came as Nvidia <a href="https://www.benzinga.com/markets/tech/25/07/46457371/nvidia-reloads-china-jensens-pitch-let-me-sell-the-good-stuff">resumed sales of </a>its advanced H20 AI chips to China, after a temporary U.S. ban was reversed.&nbsp;
The H20 is a less advanced and specially designed chip to comply with U.S. export rules that limit certain technologies from being sent to China.
Huang also held meetings with top Chinese officials, including Vice Premier He Lifeng and Commerce Minister Wang Wentao, solidifying Nvidia's commitment to the Chinese market as it navigates the current U.S.-China trade tensions.
Huang said that he communicated transparently with U.S. officials prior to his visit and informed President Donald Trump and his cabinet about the planned trip. 
Huang said that President Trump told him to, "Have a great trip."
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46422009/rare-earth-royalty-meet-the-power-players-shaping-the-industry?utm_source=articleShare">Rare Earth Royalty: Meet The Power Players Shaping The Industry</a></li>
</ul>
Photo: Shutterstock

Large Cap

Trading Ideas

Nvidia's CEO Hits Beijing Like A Rockstar, Stirs Jensen-Mania In China

On Friday, China&#8217;s State Administration for Market Regulation (SAMR) <a href="https://www.benzinga.com/topic/alibaba">called upon three</a> of the country&#8217;s leading food delivery platforms: Alibaba Group&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Ele.me, Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>), and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>). The regulator urged these companies to adopt more &#8220;rational&#8221; competitive practices amidst an escalating price war within the sector.
SAMR&#8217;s intervention emphasized the need for these platforms to curb excessive discounting and promotional tactics. The regulator stressed the importance of fostering fair competition and maintaining a healthy market environment that benefits all stakeholders, including consumers, merchants, couriers, and the platforms themselves. 
Additionally, SAMR reminded the firms of their broader responsibilities to comply with existing e-commerce, anti-unfair competition, and food safety regulations, as <a href="https://www.scmp.com/tech/big-tech/article/3318843/chinas-top-market-regulator-summons-alibaba-meituan-jdcom-over-delivery-price-war?module=perpetual_scroll_0&amp;pgtype=article">reported</a> by SCMP on Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46362198/alibaba-huawei-dominate-chinas-growing-cloud-market" rel="noreferrer noopener">Alibaba, Huawei Dominate China&#8217;s Growing Cloud Market</a>
These warnings from the regulator come after several months of aggressive discounting by the three companies. In February, JD.com initiated a wave of price cuts by committing 10 billion Chinese yuan (approximately $1.4 billion) to enhance restaurant quality on its food delivery application. 
Alibaba responded with its own substantial subsidy campaign, investing 50 billion yuan across its Taobao Shangou platform, which notably included 100 days of &#8220;Super Saturdays&#8221; sales. 
Meituan subsequently joined the intense competition, reducing fees and expanding its rapid delivery services to encompass a wider range of products, such as groceries, electronics, and flowers.
This fierce competition and deep discounting have significantly boosted daily order volumes, which surged from around 100 million earlier this year to over 250 million last weekend. 
However, the sustainability of this strategy remains a concern for some industry observers. Wang Puzhong, head of local commerce at Meituan, openly criticized the trend in an interview with LatePost, describing the price war as &#8220;irrational&#8221; and warning of potential significant losses for the companies involved.
JPMorgan Chase analysts have cautioned that shares of Alibaba, Meituan, and JD.com could <a href="https://www.benzinga.com/markets/tech/25/07/46491351/meituan-cries-irrational-as-alibaba-escalates-delivery-battle">remain under pressure</a> for the next three to six months as investors contend with the uncertainty surrounding shrinking profit margins and substantial promotional expenditures. 
Bloomberg data further highlights the financial toll on Alibaba, showing a loss of $100 billion in market value with its stock plummeting 27% since March, nearly double the average decline among its tech sector peers. Goldman Sachs analysts project that Alibaba&#8217;s food delivery unit alone could incur losses of 41 billion yuan (approximately $5.7 billion) by June 2026.
This regulatory scrutiny and its potential financial repercussions are not unprecedented in China. In 2021, Chinese <a href="https://www.benzinga.com/government/22/09/28865203/alibaba-and-its-chinese-peers-better-watch-out-as-china-braces-to-hike-penalties-under-its-cyber-law">authorities collected</a> 23.6 billion yuan (approximately $3.53 billion) in antitrust fines, a staggering 52-fold increase from the previous year. This surge was primarily driven by a record 18.2 billion yuan penalty imposed on Alibaba and a 3.4 billion yuan fine levied against Meituan, both for monopolistic practices.
Price Actions:&nbsp;BABA shares are trading lower by&nbsp;0.07% to&nbsp;$120.15 premarket at&nbsp;last check Monday. JD is down 1.36%.
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</ul>
Photo by Mamun_Sheikh via Shutterstock

Government

Regulations

Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding

A whirlwind week in consumer tech saw blockbuster earnings, bold AI moves, legal battles, and fresh economic signals reshaping the<a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener"> industry's outlook.</a>
The second-quarter earnings season opened with strong results from major U.S. banks, but investors remained cautious, focusing on forward guidance and narrowing margins, which<a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46420414/bank-earnings-performance-q2-citigroup-jpmorgan-blackrock-wells-fargo" rel="noreferrer noopener"> dragged bank stocks lower</a>. Meanwhile, U.S. retail sales surged 0.6% in June after two months of decline, signaling resilient consumer spending despite high <a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46467952/us-retail-sales-june-2025-fed-trump-inflation-consumer" rel="noreferrer noopener">borrowing costs and tariff uncertainties.</a>
Amid this economic backdrop, Federal Reserve Governor Christopher Waller made a strong case for a July rate cut and hinted at his willingness to succeed Jerome Powell if asked <a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener">by President</a><a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener"> Donald Trump</a><a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener">.</a>
Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46503030/bitcoin-stuck-below-118000-as-ethereum-xrp-dogecoin-extend-gains" rel="noreferrer noopener">Bitcoin Stuck Below $118,000 As Ethereum, XRP, Dogecoin Extend Gains</a>
In a notable geopolitical shift, China continued reducing its U.S. Treasury holdings for a third consecutive month, bringing its stockpile<a target="_blank" href="https://www.benzinga.com/markets/bonds/25/07/46501603/us-treasury-holdings-foreign-china-japan-trump" rel="noreferrer noopener"> to a 16-year low of $756.3 billion in May.</a>
These economic and geopolitical shifts—ranging from tighter bank margins to China's retreat from U.S. debt—could ripple through the consumer tech world, potentially tightening capital flows, pressuring valuations, and reshaping global <a target="_blank" href="https://www.benzinga.com/news" rel="noreferrer noopener">supply chain dynamics.</a>
Earnings
Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) eported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46481193/netflix-q2-fueled-by-price-ads-squid-game-q3-set-to-repeat" rel="noreferrer noopener">Street consensus estimate of $11.04 billion</a>.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported second-quarter net sales of $30.07 billion, up 38.6% year-over-year, topping the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46462634/nvidia-supplier-taiwan-semiconductor-on-a-roll-profit-explodes-with-strong-margin-growth" rel="noreferrer noopener">analyst consensus estimate of $30.04 billion.</a>
3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) posted second-quarter adjusted&nbsp;sales of $6.2 billion, reflecting 1.5% organic growth and beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46491058/post-it-maker-3m-defies-tariff-headwinds-with-strong-q2-and-outlook-boost" rel="noreferrer noopener">consensus estimate&nbsp;of $6.09 billion.</a>
Technology
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;CEO Jensen Huang,&nbsp;on his third visit&nbsp;to China this year, praised the country's open-source AI innovation during a fireside chat with&nbsp;Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Cloud founder&nbsp;Wang Jian&nbsp;at the <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai" rel="noreferrer noopener">China International Supply Chain Expo on Thursday.</a>
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;has reportedly laid off several employees within its&nbsp;Amazon Web Services&nbsp;(AWS) cloud division, as the company continues to restructure amid the growing impact of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46485457/amazon-slashes-roles-in-aws-cloud-unit-as-ceo-andy-jassy-says-ai-will-reduce-the-need-for-certain-roles-report" rel="noreferrer noopener">generative artificial intelligence.</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;and&nbsp;Amazon Web Services&nbsp;are launching a $6 million initiative to attract 30 U.S. startups to build AI applications using Meta&#8217;s open-source Llama model, positioning the partnership as a strategic counter to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46460828/meta-aws-roll-out-6-million-startup-program-to-counter-openai-make-llama-the-go-to-ai-model-for-builders" rel="noreferrer noopener">OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46460828/meta-aws-roll-out-6-million-startup-program-to-counter-openai-make-llama-the-go-to-ai-model-for-builders" rel="noreferrer noopener"> closed-source dominance</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;has signed a $500 million deal with&nbsp;MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>), a Pentagon-backed company, to secure a <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46435562/apple-strikes-500-million-deal-with-mp-materials-to-reduce-china-reliance-on-critical-magnets" rel="noreferrer noopener">supply of rare earth magnets.</a>
Apple has filed a lawsuit against YouTuber&nbsp;Jon Prosser&nbsp;and collaborator&nbsp;Michael Ramacciotti, alleging they misappropriated trade secrets tied&nbsp;to the unreleased&nbsp;iOS 26&nbsp;by secretly accessing a <a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">confidential development&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">iPhone</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">.</a>
Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)&nbsp;announced two key leadership <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46492462/marvell-reshuffles-leadership-as-it-looks-to-reignite-momentum-rebuild-investor-confidence" rel="noreferrer noopener">promotions effective July 15, 2025</a>.&nbsp;
Chris Koopmans&nbsp;has been elevated to president, while&nbsp;Sandeep Bharathi&nbsp;has been named president of the company&#8217;s Data Center Group. Both executives will report directly to&nbsp;Matt Murphy, Marvell&#8217;s&nbsp;<a target="_blank" href="https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&amp;ref=319307113&amp;type=HTML&amp;symbol=MRVL&amp;cdn=a9d5cd7e414d4a656d39e5ac0131183d&amp;companyName=Marvell+Technology+Inc.&amp;formType=8-K&amp;dateFiled=2025-07-17&amp;tblci=GiAIRlI0k8093O7NDun8A3VPr6xAR70_aoZJ6XnLiAtCAyCN1Vcoz7Dpifi1v-7FATDviEo" rel="noreferrer noopener">chair and CEO</a>.
Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) announced it is actively assembling a specialized machine learning and artificial intelligence team that will oversee development in areas such as search functions, content recommendations, creator tools and the platform&#8217;s short-form <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46480518/whats-going-on-with-rumble-shares-today" rel="noreferrer noopener">video segment, Rumble Shorts.&nbsp;</a>
Artificial Intelligence (AI)
The&nbsp;Donald Trump&nbsp;administration is reportedly preparing a sweeping executive order aimed at curbing&nbsp;perceived liberal bias&nbsp;in artificial intelligence models used<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487059/trump-white-house-to-crack-down-on-woke-ai-with-executive-order-targeting-political-bias-in-government-contracted-chatbots-and-models-report" rel="noreferrer noopener"> by government contractors.</a>
Hadrian, a defense manufacturing startup, has successfully concluded a $260 million Series C funding round, led by <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">Peter Thiel's Founders Fund</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener"> and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">Lux Capital</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">.</a>
OpenAI&nbsp;has finally completed its&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report" rel="noreferrer noopener">$6.5 billion acquisition</a>&nbsp;of&nbsp;Jony Ive&#8217;s&nbsp;AI hardware startup&nbsp;io Products, officially bringing the former&nbsp;Apple&nbsp;design chief and his team into the fold to build a new generation of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46335969/openai-finalizes-6-5-billion-deal-to-acquire-jony-ives-ai-hardware-startup-heres-what-we-know-about-their-first-device" rel="noreferrer noopener">AI-native devices.</a>
Elon Musk-led artificial intelligence company,&nbsp;xAI, unveiled new technology that will help the company &#8220;sustainably&#8221; cool <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487316/elon-musks-xai-unveils-sustainable-way-to-cool-memphis-data-center-amid-criticism-from-environmental-rights-groups" rel="noreferrer noopener">its Memphis data center.</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly preparing to introduce a longer, six-seat version of its Model Y sport<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46452257/whats-going-on-with-tesla-stock-on-wednesday" rel="noreferrer noopener"> utility vehicle in China.</a>
WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>)&nbsp;announced on Thursday the launch of fully driverless Robobus operations at Resorts World Sentosa, Singapore (RWS), the first autonomous vehicle in Southeast Asia to<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46462955/werides-driverless-robobus-approved-in-singapore" rel="noreferrer noopener"> operate without a safety officer on board.</a>
Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) replaced Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
ousted Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) in the <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/07/46449975/rivian-unseats-lucid-draftkings-ousts-plug-power-in-russell-1000-shake-up" rel="noreferrer noopener">latest Russell 1000 index reshuffle.</a>
Lucid Group is making two major moves this week-one to restructure its stock and another to deepen its footprint<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46497381/whats-going-on-with-lucid-group-stock-today-7" rel="noreferrer noopener">&nbsp;in autonomous mobility</a>.
Meanwhile, TD Cowen maintained a Hold rating on Lucid Group, with a price target of&nbsp;$2.30.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46497814/3-dividend-bargains-for-the-rest-of-2025" target="_blank" rel="noreferrer noopener">3 Dividend Bargains For The Rest Of 2025</a></li>
</ul>

MRVL

NFLX

PLUG

Tech News (July 14–July 18): China Cuts US Debt, Fed Signals Rate Shift, Netflix And TSMC Lead Earnings Beat; Meta-AWS Push AI

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$3.50</td>
<td>$33.1K</td>
<td>37.1K</td>
<td>40.6K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$330.00</td>
<td>$32.2K</td>
<td>32.1K</td>
<td>28.9K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$33.00</td>
<td>$96.0K</td>
<td>727</td>
<td>4.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$125.00</td>
<td>$59.2K</td>
<td>3.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SBET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$35.00</td>
<td>$856.2K</td>
<td>292</td>
<td>1.4K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$222.50</td>
<td>$50.1K</td>
<td>4.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/08/25</td>
<td>$10.00</td>
<td>$64.0K</td>
<td>201</td>
<td>600</td>
</tr>
<tr>
<td>QS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$10.00</td>
<td>$28.8K</td>
<td>5.9K</td>
<td>422</td>
</tr>
<tr>
<td>TRON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$15.00</td>
<td>$33.1K</td>
<td>0</td>
<td>390</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$30.00</td>
<td>$56.5K</td>
<td>1.5K</td>
<td>300</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 1508 contract(s) at a $3.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $22.0 per contract. There were 37198 open contracts at this strike prior to today, and today 40614 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 288 contract(s) at a $330.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $112.0 per contract. There were 32126 open contracts at this strike prior to today, and today 28946 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 4000 contract(s) at a $33.00 strike. The total cost received by the writing party (or parties) was $96.0K, with a price of $24.0 per contract. There were 727 open contracts at this strike prior to today, and today 4000 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 91 day(s) on October 17, 2025. Parties traded 95 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $59.2K, with a price of $624.0 per contract. There were 3598 open contracts at this strike prior to today, and today 1857 contract(s) were bought and sold. 
• Regarding SBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), we observe a put option sweep with bullish sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 1140 contract(s) at a $35.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $856.2K, with a price of $750.0 per contract. There were 292 open contracts at this strike prior to today, and today 1481 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on July 25, 2025. This event was a transfer of 200 contract(s) at a $222.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $251.0 per contract. There were 4736 open contracts at this strike prior to today, and today 1241 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on August 8, 2025. This event was a transfer of 200 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 201 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• For QS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 96 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $300.0 per contract. There were 5976 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• Regarding TRON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRON#NASDAQ">TRON</a>), we observe a call option sweep with neutral sentiment. It expires in 28 day(s) on August 15, 2025. Parties traded 202 contract(s) at a $15.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $165.0 per contract. There were 0 open contracts at this strike prior to today, and today 390 contract(s) were bought and sold. 
• Regarding MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we observe a call option sweep with bullish sentiment. It expires in 546 day(s) on January 15, 2027. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.5K, with a price of $189.0 per contract. There were 1521 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) escalated <a href="https://www.benzinga.com/topic/chinese-stocks" target="_blank" rel="noreferrer noopener">China&#8217;s instant delivery</a> price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>).
The campaign, which includes &#8220;Super Saturdays&#8221; sales over the next 100 days, aims to boost consumption across groceries, food delivery, and other on-demand services.
Facing what Meituan described as &#8220;irrational competition,&#8221; the Beijing-based company reluctantly joined the fray to avoid appearing weak, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3318580/meituan-executive-bemoans-irrational-instant-commerce-price-war-alibaba-jdcom" rel="noreferrer noopener">reported</a> on Thursday.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow" rel="noreferrer noopener">Alibaba Stock Slides 5% After Revenue Miss, Cloud Spend Hits Free Cash Flow</a>
The rivalry, reignited by JD.com&#8217;s 10 billion yuan investment in benchmark restaurants earlier this year, peaked over the past weekend as all three players flooded the market with aggressive subsidies. The price war has dramatically lowered delivery costs for items like coffee and tea, sometimes to just a few yuan, and driven total daily orders from 100 million at the start of 2025 to over 250 million.
Despite setting a record with 150 million orders over the weekend, Meituan warned of unsustainable economics. Wang criticized the mismatch between rising order volume and actual value, urging Alibaba and JD.com to prioritize long-term viability over flashy metrics.
The financial repercussions of this price war are already evident. JPMorgan Chase warned that Alibaba, Meituan, and JD.com shares may <a href="https://www.benzinga.com/markets/tech/25/07/46437458/alibaba-intensifies-instant-delivery-fight-with-new-campaign" target="_blank" rel="noreferrer noopener">remain under pressure</a> for three to six months due to ongoing uncertainty around profit margins and aggressive promotional spending.
Alibaba, specifically, has seen its market value plummet by $100 billion, with its shares dropping 27% since March, nearly double the decline experienced by its tech peers, according to Bloomberg. 
Goldman Sachs warned Alibaba could lose <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46387027/alibaba-bleeds-billions-as-delivery-price-war-erases-100-billion-in-market-value" target="_blank" rel="noreferrer noopener">41 billion yuan ($5.7 billion)</a> in food delivery by June 2026. Consequently, HSBC cut its price target by 15%, citing rising costs, while analysts like Julia Pan see room for recovery if regulators step in. Still, Franklin Templeton&#8217;s Nicholas Chui cautioned that profit-eroding price wars may deter investors.
Meanwhile, Bridgewater Associates <a href="https://www.benzinga.com/markets/tech/25/07/46437458/alibaba-intensifies-instant-delivery-fight-with-new-campaign" target="_blank" rel="noreferrer noopener">expressed growing confidence</a> in Chinese stocks, noting in its second-quarter investor letter that it &#8220;moderately increased&#8221; equity exposure by June 30, citing strong policy support and attractive valuations. The firm credited China&#8217;s rapid April response to U.S. tariff-driven market declines for stabilizing equities and sees current low valuations as offering favorable risk-reward.
Price Actions: BABA shares are trading higher by 3.41% to $121.30 premarket at last check Friday. JD is up 4.13%.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Says China Leads In Open-Source AI</a></li>
</ul>
Image via Shutterstock

Meituan Cries 'Irrational!' As Alibaba Escalates Delivery Battle

The current artificial intelligence (AI) frenzy could potentially trigger a market crash more severe than the dot-com bubble burst of 1999, according to a leading economist.
What Happened: Torsten Sløk, Chief Economist at Apollo Global Management, voiced his concerns about the inflated valuation of AI technology in a recent research note, as reported by <a href="https://fortune.com/2025/07/17/ai-bubble-vs-dot-com-stocks-apollo-economist-torsten-slok/">Fortune</a>.
Sløk noted, &#8220;The difference between the IT bubble in the 1990s and the <a href="https://fortune.com/2024/12/02/ai-optimists-are-behaving-like-investors-who-got-burned-in-great-depression-and-dot-com-bubble-vanguard-chief-economist-warns-stock-markets/">AI bubble</a> today is that the top 10 companies in the S&amp;P 500 today are more overvalued than they were in the 1990s."
Heavy investment in AI has resulted in a disconnection between stock prices and earnings for companies such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
Sløk presented a chart comparing the 12-month forward price-to-earnings (P/E) ratios of the S&amp;P 500's top 10 companies with those of the rest of the index and the overall S&amp;P 500, indicating a bubble potentially even larger than during the dot-com era.
Despite the S&amp;P hitting new records and approaching its all-time high, Sløk contends that the rally is largely driven by gains in the top 10 stocks. He warns that investors are getting caught up in the hype and paying inflated prices as if these companies&#8217; promises are guaranteed, which could ultimately trigger a major market crash.
Sløk cautioned that the 1990s showed us not all promises can — or will — be fulfilled. He also noted that although many of these top companies are profitable, their fundamentals do not justify the multiples.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/topics/25/07/46483073/bill-gates-says-elon-musk-was-super-mean-after-he-shorted-tesla-stock-but-hes-super-mean-to-so-many-p" target="_blank" rel="noreferrer noopener">Bill Gates Says Elon Musk Was &#8216;Super Mean&#8217; After He Shorted Tesla Stock — &#8216;But He&#8217;s Super Mean to So Many People&#8217;</a>
Why It Matters: Sløk is not the only prominent figure to have raised concerns about the AI bubble. Earlier this year,&nbsp;Alibaba&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Chairman&nbsp;Joe Tsai&nbsp;warned about a <a href="https://www.benzinga.com/25/03/44469333/alibabas-tsai-sounds-alarm-on-signs-of-ai-bubble-people-are-building-data-centers-on-speculation">potential bubble</a> in the AI data center construction sector. He cautioned that the rapid expansion of data centers could surpass the early demand for AI services.
In a similar vein, Microsoft CEO Satya Nadella compared the <a href="https://www.benzinga.com/tech/25/02/43838071/microsoft-ceo-satya-nadella-warns-of-dot-com-like-ai-bubble-pushes-for-measuring-ai-impact-with-gdp-growth-self-claiming-agi-milestone-is-just-nonsensical-benchmark-hacking">current AI frenzy </a>to the dot-com bubble and pushed for measuring AI&#8217;s impact with GDP growth. Billionaire investor Ray Dalio also raised alarms over the soaring valuations of U.S. AI stocks, warning of a potential bubble fueled by <a href="https://www.benzinga.com/markets/equities/25/01/43259076/billionaire-investor-ray-dalio-sounds-alarm-on-potential-ai-stock-bubble-akin-to-dotcom-crash-very-similar-to-where-we-were-between-1998-or-1999">high prices</a> and interest rate risks.
Despite these warnings, the AI sector continues to attract significant attention. Tech analyst&nbsp;Dan Ives&nbsp;recently&nbsp;listed his top five picks for the <a href="https://www.benzinga.com/markets/equities/25/07/46463595/dan-ives-picks-5-stocks-for-2nd-half-of-2025-nvidia-palantir-microsoft-and-more-golden-age-of-tech-is-here-with-ai-revolution">second half </a>of 2025, reiterating that the &#8220;golden age of tech&#8221; was here with the AI revolution at the forefront.
On a year-to-date basis, First Trust Nasdaq AI and Robotics ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROBT#NASDAQ">ROBT</a>), Invesco AI and Next Gen Software ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGPT#NYSE">IGPT</a>) and Global X Robotics and Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>) surged 9.72%, 9.48% and 2.75%, respectively.
READ MORE: 
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46466497/why-nvidia-still-looks-like-a-bargain-at-a-4-trillion-market-cap">Why Nvidia Still Looks Like A Bargain At A $4 Trillion Market Cap</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BOTZ

IGPT

ROBT

'Overvalued' AI Stocks Like Nvidia, Microsoft May Trigger Market Crash Worse Than The Dot-Com Bubble, Economist Warns

The combined market capitalization of America's seven largest corporations has now overtaken the entire economic output of China, the <a href="https://www.benzinga.com/topic/china">world's second-largest economy</a>.
As of July 17, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) together reached a staggering $18.84 trillion in market value.
That figure now exceeds China's 2024 gross domestic product (GDP), which stood at 134.9 trillion yuan, or roughly $18.7 trillion when converted at current exchange rates.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Market Cap ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nvidia</td>
<td>4,217.84</td>
</tr>
<tr>
<td>Microsoft</td>
<td>3,797.20</td>
</tr>
<tr>
<td>Apple</td>
<td>3,137.98</td>
</tr>
<tr>
<td>Amazon</td>
<td>2,369.93</td>
</tr>
<tr>
<td>Alphabet</td>
<td>2,215.35</td>
</tr>
<tr>
<td>Meta</td>
<td>1,761.12</td>
</tr>
<tr>
<td>Broadcom</td>
<td>1,343.95</td>
</tr>
<tr>
<td>Total (U.S.)</td>
<td>$18.84 trillion</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Market Cap vs. GDP? Not The Same Thing</h3>
This valuation supremacy is fueled by a concentrated wave of investor enthusiasm around artificial intelligence and future cash flow generation. Nvidia alone now holds over $4.2 trillion in market cap, riding a 2024 rally powered by GPU dominance in AI workloads.
Yet, while the headline comparison is striking, it's important to recognize that market capitalization and GDP measure entirely different things. 
One is the total value of a company's stock at a moment in time. The other tracks an entire country's economic output over a year.
One is a stock, the other a flow—so the comparison, while headline-worthy, is not economically sound.
Still, the fact that just seven U.S. companies are now "worth" more than China's entire economy says a lot about how much confidence investors have in American tech.
<h3 class="wp-block-heading">Comparing Apples to Apples: U.S. vs. China's Top 7 Stocks</h3>
While comparing Wall Street's Big 7 to China's entire GDP generates headlines, a fairer—and more financially sound—comparison pits the largest U.S. companies against the largest Chinese companies by market cap. The result is still striking.
As of July 17, the combined market capitalization of China's seven biggest publicly traded firms stood at just $2.3 trillion, or 12% of the $18.84 trillion total commanded by the U.S. tech titans.
By comparison, Nvidia alone has a market cap of $4.2 trillion, nearly double the value of China's top seven combined.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Market Cap ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tencent Holdings Ltd. (OTCPK: TCEHY)</td>
<td>597.05</td>
</tr>
<tr>
<td>Industrial and Commercial Bank of China Ltd. (OTCPK: IDCBY)</td>
<td>361.61</td>
</tr>
<tr>
<td>Agricultural Bank of China Ltd. (OTCPK: ACGBY)</td>
<td>301.15</td>
</tr>
<tr>
<td>China Construction Bank Corp. (OTCPK: CICHY)</td>
<td>285.63</td>
</tr>
<tr>
<td>Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)</td>
<td>266.88</td>
</tr>
<tr>
<td>Kweichow Moutai Co. Ltd. (OTCPK: KWEHY)</td>
<td>247.84</td>
</tr>
<tr>
<td>China Mobile Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHL#NYSE">CHL</a>)</td>
<td>244.59</td>
</tr>
<tr>
<td>Total (China&#8217;s TOP 7)</td>
<td>$2.3 trillion</td>
</tr>
</tbody>
</table>
</figure>
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Image: Shutterstock

ACGBY

CICHY

Wall Street's Big 7 Are Now Bigger Than China's Entire Economy

Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang, <a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noreferrer noopener">on his third visit</a> to China this year, praised the country&#8217;s open-source AI innovation during a fireside chat with Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Cloud founder Wang Jian at the China International Supply Chain Expo on Thursday.
He called open source &#8220;extremely powerful,&#8221; crediting China&#8217;s ecosystem with producing &#8220;the best open reasoning models in the world today,&#8221; highlighting DeepSeek, Alibaba&#8217;s Qwen, and Moonshot&#8217;s Kimi as &#8220;very advanced,&#8221; SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3318532/chinas-open-source-ai-models-very-advanced-says-nvidia-ceo-h20-chip-sales-resume" rel="noreferrer noopener">reported</a> on Thursday.
Huang said China&#8217;s collaborative engineering culture impacted open-source development, enabling industries like fintech, healthcare, and robotics to benefit globally. He emphasized that open-source models help China&#8217;s AI progress and support global innovation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46295574/nvidia-outpaces-market-with-ai-powered-growth" rel="noreferrer noopener">Nvidia Outpaces Market With AI-Powered Growth, Nears Record Highs</a>
The visit comes just days after Nvidia announced that Washington had approved export license filings for its H20 GPUs, custom-built for the Chinese market to comply with U.S. export controls. 
Despite the approval, Huang noted that Chinese firms haven&#8217;t been able to place H20 orders yet because U.S. agencies are still processing the final paperwork. 
However, he said the U.S. government had &#8220;assured&#8221; Nvidia that licenses would be granted. Huang added that Nvidia is &#8220;working at full speed&#8221; to restore production of Hopper-based products like the H20, but cautioned that supply chain recovery takes time, around nine months from wafer order to final delivery. 
Analysts say that the return of H20 availability would &#8220;ease the anxiety&#8221; of Chinese companies developing large language models and could increase the market share of foreign chip suppliers in China.
While the H20 is less potent than Nvidia&#8217;s flagship H100, it remains the most viable option for Chinese firms after recent U.S. restrictions and has seen strong demand. Huang&#8217;s remarks further reinforced Nvidia&#8217;s commitment to supporting AI development in China despite geopolitical challenges.
Needham analyst N. Quinn Bolton <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46453723/why-nvidias-china-comeback-could-propel-its-stock-to-new-heights" target="_blank" rel="noreferrer noopener">expects the U.S. move</a> to lift export curbs on Nvidia&#8217;s H20 chips to boost the company&#8217;s China sales significantly. In response, he raised his price forecast on Nvidia from $160 to $200 and projected $3 billion in H20 shipments per quarter. He also estimates a gross margin of nearly 100% on the previously written-down H20 inventory.
Bolton increased his revenue and EPS forecasts across the board: fiscal third-quarter and fourth-quarter 2026 revenue up by $4 billion each, fiscal 2026 revenue to $202.6 billion (EPS: $4.42 from $4.17), fiscal 2027 revenue to $265.0 billion (EPS: $6.20 from $5.80), and introduced a fiscal 2028 forecast of $315.0 billion in revenue and $7.25 EPS, including $20 billion from China data center GPU sales. 
He believes Nvidia remains well-positioned to recover lost ground and grow in China due to strong demand and quick product adaptation.
Nvidia stock gained 28% year-to-date, topping the Nasdaq Composite&#8217;s over 7% gains.
NVDA Price Action: NVDA stock is trading higher by 0.76% to $172.68  at last check Wednesday.
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Image via Shutterstock

Nvidia's Jensen Huang Says China Leads In Open-Source AI

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