VanEck Digital Transformation ETF (NASDAQ: DAPP)

Dernières nouvelles pour VanEck Digital Transformation ETF (NASDAQ:DAPP)

VanEck Digital Transformation ETF

Technology

Financial Services

Communication Services

Other

The Fund normally invests at least 80 percent of its total assets in securities of Digital Transformation Companies. The Digital Transformation Index is a global index that tracks the performance of Digital Transformation Companies. Digital Transformation Companies are companies (i) that operate digital asset exchanges, operate payment gateways (i.e., a merchant service that authorizes direct payments processing for businesses), engage in or assist with the digital asset mining operations, provide software services, equipment and technology or services to digital asset operations, operate digital asset infrastructure businesses, or facilitate commerce with the use of digital assets (these items are collectively referred to herein as digital asset projects) and/or (ii) that own a material amount of digital assets or otherwise generate revenues related to digital asset projects.

Block Inc

Coinbase Global Inc

Mara Holdings Inc

Applied Digital Corp

Hut 8 Corp

Northern Data Ag

Terawulf Inc

Cleanspark Inc

Microstrategy Inc

Iris Energy Ltd

Bitdeer Technologies Group

Core Scientific Inc

Riot Platforms, Inc.

Galaxy Digital Inc

Metaplanet Inc

Defi Technologies, Inc.

LiquidApps

JMP Securities analyst Matthew Condon reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Market Outperform and maintains $100 price target.

News

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on Trade Desk, Maintains $100 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-06-24/microsoft-plans-major-job-cuts-at-xbox-gaming-division" title="https://www.bloomberg.com/news/articles/2025-06-24/microsoft-plans-major-job-cuts-at-xbox-gaming-division">https://www.bloomberg.com/news/articles/2025-06-24/microsoft-plans-major-job-cuts-at-xbox-gaming-division</a>

Management

MSFT

'Microsoft Plans Major Job Cuts at Xbox Gaming Division' - Bloomberg News

UBS analyst John Lovallo maintains KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) with a Buy and lowers the price target from $86 to $80.

UBS Maintains Buy on KB Home, Lowers Price Target to $80

JMP Securities analyst Jonathan Wolleben reiterates Skye Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYE#NASDAQ">SKYE</a>) with a Market Outperform and maintains $15 price target.

SKYE

JMP Securities Reiterates Market Outperform on Skye Bioscience, Maintains $15 Price Target

UBS analyst Steven Fisher maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Buy and raises the price target from $48 to $60.

UBS Maintains Buy on Fluor, Raises Price Target to $60

General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) will release earnings results for the fourth quarter, before the <a href="https://www.benzinga.com/quote/GIS/earnings">opening bell on Wednesday, June 25.</a>
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at 71 cents per share on revenue of $4.59 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
General Mills recently announced plans to remove certified colors from all U.S. cereals and all foods served in K-12 schools by Summer 2026.
General Mills shares rose 0.9% to close at $53.47 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/gis/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>B of A Securities analyst Bryan Spillane maintained a Buy rating and cut the price target from $68 to $63 on June 18, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $61 to $55 on June 16, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Morgan Stanley analyst Megan Alexander initiated coverage on the stock with an Underweight rating and a price target of $53 on March 24, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Mizuho analyst John Baumgartner maintained a Neutral rating and cut the price target from $62 to $60 on March 20, 2025. This analyst has an accuracy rate of 66%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and slashed the price target from $60 to $54 on March 20, 2025. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying GIS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/GIS/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="563" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24034630/image-348-1024x563.png" alt="" class="wp-image-959278" style="width:636px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24034630/image-348-1024x563.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24034630/image-348-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24034630/image-348-768x423.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24034630/image-348.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/dividends/25/06/46050117/wall-streets-most-accurate-analysts-give-their-take-on-3-tech-stocks-delivering-high-dividend-yields-7">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

Earnings

Markets

Trading Ideas

General Mills Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 1% on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.62% to 42,846.32 while the NASDAQ gained 1.03% to 19,832.45. The S&amp;P 500 also rose, gaining, 0.68% to 6,066.06.
Check This Out: <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46067537/blackberry-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">BlackBerry Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Leading and Lagging Sectors Information technology shares jumped by 1.2% on Tuesday.
In trading on Tuesday, energy stocks fell by 1.4%.
Top Headline
TD Synnex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) reported better-than-expected earnings for the second quarter on Tuesday.
The company posted quarterly earnings of $2.99 per share which beat the analyst consensus estimate of $2.72 per share. The company reported quarterly sales of $14.95 billion which beat the analyst consensus estimate of $14.32 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>Nano Labs Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares shot up 155% to $27.83 after the company announced a $500 million convertible notes private placement for its BNB treasury strategy.</li>
<li>Shares of Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) got a boost, surging 95% to $18.65. The company released statistically significant data from the 16-week induction period of the ongoing Phase 2b REZOLVE-AD study of investigational rezpegaldesleukin.</li>
<li>OneMedNet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) shares were also up, gaining 81% to $0.6162 after the company entered into private placement agreements with accredited investors raising approximately $3.7 million in gross proceeds.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Upexi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) shares dropped 59% to $4.0750.</li>
<li>Shares of Maase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAAS#NASDAQ">MAAS</a>) were down 47% to $5.22.</li>
<li>Houston American Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUSA#NYSE">HUSA</a>) was down, falling 37% to $11.65 as the company announced a $1.2 million registered direct offering.</li>
</ul>
Commodities In commodity news, oil traded down 4% to $65.82 while gold traded down 2.2% at $3,320.70.
Silver traded down 1.5% to $35.630 on Tuesday, while copper rose 0.9% to $4.8940.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 1.2%, while Spain's IBEX 35 Index surged 1.6%. London's FTSE 100 gained 0.4%, Germany's DAX 40 gained 1.8% and France's CAC 40 rose 1.3% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei gaining 1.14%, Hong Kong's Hang Seng Index gaining 2.06%, China's Shanghai Composite rising 1.15% and India's BSE Sensex rising 0.19%.
Economics
<ul class="wp-block-list">
<li>The U.S. current account deficit increased by 44.3% to $450.2 billion in the first quarter versus a revised deficit of $312 billion in the fourth quarter and compared to market estimates of a $443.3 billion gap.</li>
<li>The S&amp;P CoreLogic Case-Shiller Home Price Index increased 3.4% year-over-year in April following a 4.1% gain in the previous month.</li>
<li>The FHFA house price index fell by 0.4% from the previous month in April.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june">Top 3 Real Estate Stocks You May Want To Dump In June</a> </li>
</ul>
Photo via Shutterstock

Equities

Eurozone

Commodities

Intraday Update

HUSA

Highest Performances Holdings Inc. - American Depository Shares

MAAS

NKTR

ONMD

UPXI

Nasdaq Surges 1%; TD Synnex Posts Upbeat Earnings

At a time when many Americans are <a href="https://www.benzinga.com/25/05/45661563/one-in-four-americans-are-functionally-jobless-the-true-unemployment-metric-thats-raced-to-its-highest-in-months">struggling to land even one job</a>, one worker attempted to circumvent the system by holding down three tech jobs simultaneously. The money poured in. His <a href="https://www.benzinga.com/money/best-savings-accounts">savings skyrocketed</a>. But eventually, the mental toll caught up with him.
<h2 class="wp-block-heading">What Overemployment Gave And Took Away</h2>
In a recent <a href="https://www.reddit.com/r/overemployed/comments/1lgiaij/its_over_what_ive_learned_from_being_oe/">post</a> shared on Reddit&#8217;s r/overemployed, the poster described his 10-month stint juggling three jobs. He wasn't shy about his goal to get out of a cheap rental and into a home with a pool, fast: &#8220;When I looked around my cheap rental, I decided five years was far too long.&#8221;
Don't Miss
<ul class="wp-block-list">
<li>At least $100k in assets? Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;</li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
At first, overemployment seemed like the perfect solution. He <a href="https://www.benzinga.com/news/25/01/43346851/surprisingly-feasible-software-engineer-shares-how-a-175k-second-job-helped-him-save-20k-in-just-two-months">picked up a second job</a> with similar pay and a third part-time gig. The rush of tripling his income was real.&nbsp;
But the honeymoon didn't last. &#8220;The saying &#8216;you can&#8217;t put a price on x&#8217; isn&#8217;t exactly true. You can. I did for 10 months. I put a price on my health. I put a price on my sense of accomplishment. I put a price on my time,&#8221; he wrote.
&#8220;I no longer felt like a high-performer; I was just scraping by,&#8221; he admitted. &#8220;I no longer felt like a trustworthy teammate. I became a master at white lies.&#8221;
One of the hardest parts, he said, was having to keep track of who knew what. &#8220;I no longer could tell my friends and family what I did at work at social gatherings. I didn&#8217;t want to constantly run my conversations through a filter of &#8216;wait, which job have I spoken about with this person before?'&#8221;
Redditors quickly related. &#8220;I am not the same person I was three years ago,&#8221; one person commented. &#8220;In many ways I am battle-hardened, but in many more ways I am a shell of what I used to be.&#8221;
<h2 class="wp-block-heading">Stress, Lies And Burnout</h2>
The emotional burden of OE came up again and again in the replies. Some said they had gained weight, skipped family time, or missed out on hobbies. Others spoke about turning from high performers into stressed-out, average employees just trying to hold it all together.
&#8220;I used to be concerned about climbing the ladder and impressing, but it&#8217;s all just bullsh&#x2A;t,&#8221; one person added. &#8220;Once you accomplish your set goals or if your mental health is suffering, it&#8217;s OK to take a break.&#8221;
Many echoed the sentiment that OE can be life-changing financially, but draining in every other way. &#8220;This is a very relatable post. I was just laid off from J2 and each and every one of your points resonated with me. The money is just incredible,&#8221; one wrote. &#8220;But you&#8217;re right about the toll it takes on you.&#8221;
&#8220;It felt bad to <a href="https://www.benzinga.com/personal-finance/25/02/43820555/tech-ceo-calls-working-two-jobs-a-form-of-theft-and-deception-fires-engineers-earning-140000-for-holding-secret-second-full-time-jobs">constantly lie to my coworkers</a>,&#8221; the original poster admitted. &#8220;I knew every waking second that this could all come crashing down&#8230; because of a decision I deliberately made over many months.&#8221;
<h2 class="wp-block-heading">A Soft Landing With Lessons Learned</h2>
Fortunately, the story doesn't end in collapse. The original poster landed a new single job that covers about 80% of his previous total income, thanks to the upskilling he gained during his OE period.
&#8220;I&#8217;m getting out of the game,&#8221; he said. &#8220;And I wanted to write down my thoughts. While I got the money I needed from this season, I feel like I gave a lot more than I expected as well.&#8221;
Still, he has no regrets. &#8220;When I jump in the in-ground pool in my backyard, I'll know that OE made it possible.&#8221;
Read Next:
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
Image: Shutterstock

Personal Finance

Juggling Multiple High-Paying Jobs Seemed Like A Dream Until The Guilt Kicked In. 'It Felt Bad To Constantly Lie To My Coworkers'

CORRECTION: TD SYNNEX Q2 Non-GAAP Gross Billings Rose 12.1% To $21.6B, Topping Guidance; Up 11.3% In Constant Currency

JMP Securities analyst Reni Benjamin reiterates Sana Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) with a Market Outperform and maintains $5 price target.

SANA

JMP Securities Reiterates Market Outperform on Sana Biotechnology, Maintains $5 Price Target

UBS analyst William Appicelli maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Neutral and raises the price target from $41 to $44.

UBS Maintains Neutral on FirstEnergy, Raises Price Target to $44

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Macquarie analyst Aditya Suresh upgraded the rating for MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) from Neutral to Outperform and announced a $110 price target. MakeMyTrip shares closed at $91.51 on Monday. <a href="https://www.benzinga.com/quote/mmyt/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst DS Kim upgraded New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) from Neutral to Overweight and raised the price target from $48 to $62. New Oriental Education shares closed at $49.05 on Tuesday. <a href="https://www.benzinga.com/quote/edu/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. analyst Sudan Loganathan upgraded Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) from Equal-Weight to Overweight and raised the price target from $29 to $60. Exelixis shares closed at $43.37 on Tuesday. <a href="https://www.benzinga.com/quote/exel/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MMYT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/MMYT/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24083222/image-359-1024x581.png" alt="" class="wp-image-959797" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24083222/image-359-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24083222/image-359-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24083222/image-359-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24083222/image-359.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46067537/blackberry-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">BlackBerry Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Photo via Shutterstock

Upgrades

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

CRDF

New Oriental Education & Technology Group

EXEL

GLXY

MMYT

This MakeMyTrip Analyst Turns Bullish; Here Are Top 3 Upgrades For Tuesday

JMP Securities analyst David Scharf reiterates Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) with a Market Outperform and maintains $26 price target.

JMP Securities Reiterates Market Outperform on Pagaya Techs, Maintains $26 Price Target

JMP Securities analyst Jason Butler reiterates GH Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHRS#NASDAQ">GHRS</a>) with a Market Outperform and maintains $39 price target.

GHRS

JMP Securities Reiterates Market Outperform on GH Research, Maintains $39 Price Target

The Nasdaq 100 index is entering a historically bullish summer stretch where it delivered positive returns in 17 of the past 20 years, frequently powering toward record highs and rewarding <a href="https://www.benzinga.com/topic/technology-stocks">investors with robust gains. </a>
According to Seasonax data, between June 27 and July 23 – or the nearest trading days to them – the Nasdaq 100 has shown an impressive seasonal edge, climbing in 85% of instances over the past two decades.
<h3 class="wp-block-heading">One Of Tech's Best Seasonal Trades</h3>
From 2005 to 2024, this time window generated a cumulative gain of 4,419 points, or 220.95 points on average each year.
The average return in this 3-week span stands at 4.05%. Since 2005, traders who followed this window have seen 17 gains and just three losses.
The maximum gain was 11.07% in 2016. The worst loss, experienced in 2006, was relatively mild, at negative 2.92%.
Excluding 2024, the Nasdaq 100 recorded 15 consecutive periods of gains in that window.
Even during years with modest gains, the index frequently flirted with record highs. Notably, in seven separate years since 2017, the Nasdaq 100 set multiple record closes during this summer stretch:
<ul class="wp-block-list">
<li>2024: 6 record highs between July 2–10</li>
<li>2023: 6 record highs from July 12–19</li>
<li>2021: 8 record highs between June 28 and July 23</li>
<li>2020: 7 record highs from July 2–13</li>
<li>2019: 6 record highs between July 3–24</li>
<li>2018: 4 record highs between July 12–24</li>
<li>2017: 2 record highs between July 19-20</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Start Date</th>
<th>Start Price</th>
<th>End Date</th>
<th>End Price</th>
<th>Profit %</th>
<th>Max Rise</th>
<th>Max Drop</th>
</tr>
</thead>
<tbody>
<tr>
<td>27 Jun 2005</td>
<td>1,493.75</td>
<td>25 Jul 2005</td>
<td>1,593.57</td>
<td>+6.68%</td>
<td>+7.30%</td>
<td>-0.22%</td>
</tr>
<tr>
<td>27 Jun 2006</td>
<td>1,527.00</td>
<td>24 Jul 2006</td>
<td>1,482.34</td>
<td>-2.92%</td>
<td>+3.88%</td>
<td>-4.92%</td>
</tr>
<tr>
<td>27 Jun 2007</td>
<td>1,933.06</td>
<td>23 Jul 2007</td>
<td>2,036.33</td>
<td>+5.34%</td>
<td>+6.20%</td>
<td>-0.07%</td>
</tr>
<tr>
<td>27 Jun 2008</td>
<td>1,855.72</td>
<td>23 Jul 2008</td>
<td>1,845.56</td>
<td>-0.55%</td>
<td>+0.84%</td>
<td>-3.11%</td>
</tr>
<tr>
<td>29 Jun 2009</td>
<td>1,483.83</td>
<td>23 Jul 2009</td>
<td>1,601.52</td>
<td>+7.93%</td>
<td>+7.93%</td>
<td>-5.33%</td>
</tr>
<tr>
<td>28 Jun 2010</td>
<td>1,836.00</td>
<td>23 Jul 2010</td>
<td>1,875.38</td>
<td>+2.14%</td>
<td>+2.14%</td>
<td>-5.86%</td>
</tr>
<tr>
<td>27 Jun 2011</td>
<td>2,252.24</td>
<td>25 Jul 2011</td>
<td>2,424.15</td>
<td>+7.63%</td>
<td>+7.87%</td>
<td>0.00%</td>
</tr>
<tr>
<td>27 Jun 2012</td>
<td>2,565.53</td>
<td>23 Jul 2012</td>
<td>2,589.93</td>
<td>+0.95%</td>
<td>+3.52%</td>
<td>-1.13%</td>
</tr>
<tr>
<td>27 Jun 2013</td>
<td>2,906.84</td>
<td>23 Jul 2013</td>
<td>3,031.40</td>
<td>+4.29%</td>
<td>+6.14%</td>
<td>0.00%</td>
</tr>
<tr>
<td>27 Jun 2014</td>
<td>3,844.44</td>
<td>23 Jul 2014</td>
<td>3,986.19</td>
<td>+3.69%</td>
<td>+3.69%</td>
<td>0.00%</td>
</tr>
<tr>
<td>29 Jun 2015</td>
<td>4,379.87</td>
<td>23 Jul 2015</td>
<td>4,602.83</td>
<td>+5.09%</td>
<td>+6.85%</td>
<td>-0.65%</td>
</tr>
<tr>
<td>27 Jun 2016</td>
<td>4,201.05</td>
<td>25 Jul 2016</td>
<td>4,665.93</td>
<td>+11.07%</td>
<td>+11.07%</td>
<td>0.00%</td>
</tr>
<tr>
<td>27 Jun 2017</td>
<td>5,671.60</td>
<td>24 Jul 2017</td>
<td>5,941.37</td>
<td>+4.76%</td>
<td>+4.76%</td>
<td>-1.32%</td>
</tr>
<tr>
<td>27 Jun 2018</td>
<td>6,969.67</td>
<td>23 Jul 2018</td>
<td>7,371.78</td>
<td>+5.77%</td>
<td>+6.23%</td>
<td>0.00%</td>
</tr>
<tr>
<td>27 Jun 2019</td>
<td>7,657.05</td>
<td>23 Jul 2019</td>
<td>7,954.56</td>
<td>+3.89%</td>
<td>+4.05%</td>
<td>0.00%</td>
</tr>
<tr>
<td>29 Jun 2020</td>
<td>9,961.16</td>
<td>23 Jul 2020</td>
<td>10,580.59</td>
<td>+6.22%</td>
<td>+9.95%</td>
<td>0.00%</td>
</tr>
<tr>
<td>28 Jun 2021</td>
<td>14,524.98</td>
<td>23 Jul 2021</td>
<td>15,111.79</td>
<td>+4.04%</td>
<td>+4.04%</td>
<td>0.00%</td>
</tr>
<tr>
<td>27 Jun 2022</td>
<td>12,008.24</td>
<td>25 Jul 2022</td>
<td>12,328.41</td>
<td>+2.67%</td>
<td>+5.09%</td>
<td>-4.20%</td>
</tr>
<tr>
<td>27 Jun 2023</td>
<td>14,945.91</td>
<td>24 Jul 2023</td>
<td>15,448.02</td>
<td>+3.36%</td>
<td>+5.99%</td>
<td>-0.04%</td>
</tr>
<tr>
<td>27 Jun 2024</td>
<td>19,789.03</td>
<td>23 Jul 2024</td>
<td>19,754.34</td>
<td>-0.18%</td>
<td>+4.48%</td>
<td>-1.35%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Will 2025 Deliver Another Nasdaq Summer Breakout?</h3>
After suffering a steep 25% drawdown from its February record to the April 7 bottom, the Nasdaq 100—tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)—has staged a notable comeback. 
As of June 24, the index trades at 22,000 points, just 1% shy of its all-time high of 22,222 set on February 19, 2025.
This 33% rebound from tariff-induced lows in barely over two months has reestablished bullish momentum and officially placed the Nasdaq 100 back in bull market territory.
Technically, the recovery gained further credibility with the golden cross signal: on June 24, the 50-day moving average crossed above the 200-day average, a classic marker of upward trend strength.
The seasonal tailwind entering late June only adds fuel to the rally narrative. With historical data showing an 85% win rate between June 27 and July 23, the current setup positions the index for a potential retest—and possible breakout—of its all-time high.
However, valuations are rising and risks are building.
The Nasdaq 100 now trades at 28 times forward 12-month earnings, a full one standard deviation above its 10-year average of 22. While not at euphoric levels, this valuation is stretching, particularly as economic headwinds and trade tensions persist.
Read now: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">Trump Says Israel &#8216;Is Not Going To Attack Iran&#8217; After Ceasefire Violation: &#8216;Turn Around And Head Home&#8217;</a></li>
</ul>
Photo: Shutterstock<a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home"> </a>
.

Broad U.S. Equity ETFs

Tech

ETFs

Nasdaq 100's Summer Sweet Spot Is Here - And It Rarely Disappoints

Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) announced Tuesday that it has priced the $2 billion convertible senior notes due 2030.
The stock recovered some losses Tuesday after a 9.7% fall on Monday, when the company announced its plans to <a target="_blank" href="https://www.benzinga.com/news/financing/25/06/46053298/supermicro-wants-to-raise-2-billion-via-convertible-debt-stock-falls-on-dilution-concerns" rel="noreferrer noopener">raise $2 billion</a> via debt by offering&nbsp;convertible senior notes&nbsp;due 2030.
The convertible senior notes offering triggered concerns over stock dilution when the debt is converted to stock.&nbsp;
An additional $300 million will be available at the option of the initial purchasers within 13 days of issuance.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45881923/supermicro-teams-up-with-nvidia-to-supercharge-europes-ai-factories-with-powerful-server-solutions" rel="noreferrer noopener">Supermicro Teams Up With Nvidia To Supercharge Europe&#8217;s AI Factories With Powerful Server Solutions</a>
The company had shared plans to privately negotiate capped call transactions alongside the pricing of its convertible notes to limit potential dilution for existing shareholders. It also said it looked to allocate part of the net proceeds to cover the cost of these transactions.
The &#8220;conversion premium&#8221; refers to the price the company pays for the capped call, which is effectively an upfront fee the company pays for limiting its potential dilution.&nbsp;
Supermicro set <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b46066482/supermicro-announces-pricing-of-private-offering-of-2-0-billion-of-convertible-senior-notes-due-20" rel="noreferrer noopener">an initial conversion </a>rate of 18.1154 shares per $1,000 of its convertible senior notes, equating to a conversion price of roughly $55.20 per share. This represents a 35% premium over the company&#8217;s June 23, 2025, closing stock price of $40.89.
Starting June 15, 2028, Supermicro may redeem the notes for cash, partially or in full, if the stock price exceeds 130% of the conversion price for a set period.
The company expects net proceeds of $1.96 billion (or $2.26 billion if underwriters exercise their full option). It plans to spend $158.4 million on capped call transactions designed to reduce potential dilution and $200 million to repurchase about 4.9 million shares of its stock in private deals with note buyers.
The cap price of the capped call transactions is initially $81.78 per share of the company&#8217;s common stock, which represents a premium of 100% above the last reported sale price per share of the company&#8217;s common stock on Nasdaq on June 23, 2025
The company expects to establish more capped call agreements if the additional $300 million in notes is sold.
Supermicro stock lost 51% in the last 12 months as an August 2024 Hindenburg short report accused the company&nbsp;of &#8220;accounting manipulation,&#8221;&nbsp;sibling self-dealing, and sanctions evasion.&nbsp;
In December 2024, the&nbsp;company announced the&nbsp;completion of an independent review&nbsp;conducted by an Independent Special Committee, which gave the company a clean chit.
Still, the stock has surged over 36% year-to-date.
In May, <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45471297/super-micro-stock-is-rising-friday-whats-going-on" rel="noreferrer noopener">it partnered with</a> DataVolt to help build hyperscale AI campuses throughout Saudi Arabia. Supermicro will provide a thoroughly tested and optimized IT solution, including high-performance AI servers. The estimated minimum market value of the products involved is approximately $20 billion.
Supermicro <a target="_blank" href="https://www.benzinga.com/media/25/05/45541908/supermicro-eyes-texas-mississippi-for-ai-server-growth-as-microsoft-amazon-increase-spending" rel="noreferrer noopener">plans to expand</a> its&nbsp;server production capacity&nbsp;in U.S. states such as Mississippi and Texas.
Price Action: SMCI shares were trading higher by 1.17% to $41.37 at the last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45677102/dell-hewlett-packard-super-micro-set-to-benefit-from-nvidias-ai-chip-ramp" target="_blank" rel="noreferrer noopener">Dell, Hewlett Packard, Super Micro Set To Benefit From Nvidia&#8217;s AI Chip Ramp</a></li>
</ul>
Photo courtesy CryptoFX via Shutterstock

Financing

SMCI

Supermicro Raises $2 Billion Via Private Convertible Debt With 35% Conversion Premium

JMP Securities analyst Rustam Kanga initiates coverage on Backblaze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLZE#NASDAQ">BLZE</a>) with a Market Outperform rating and announces Price Target of $7.

Initiation

BLZE

JMP Securities Initiates Coverage On Backblaze with Market Outperform Rating, Announces Price Target of $7

<a href="https://www.bloomberg.com/news/articles/2025-06-24/fed-s-hammack-says-policy-could-be-on-hold-for-quite-some-time?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-06-24/fed-s-hammack-says-policy-could-be-on-hold-for-quite-some-time?embedded-checkout=true</a>

Macro Notification

Economics

General

'Fed's Hammack Says Policy Could Be on Hold for Quite Some Time'- Bloomberg

Demonstrates How Quantum-Secure Stablecoin Models for JPMorgan, Tether, Circle, and Others Enter The Quantum future
<ul>
<li>Quantum-Safe Stablecoin Infrastructure: BTQ unveils the Quantum Stablecoin Settlement Network (QSSN), a next-generation framework in development to help banks, payment providers, and digital asset platforms issue and manage stablecoins with built-in protection against quantum-era cybersecurity threats. &nbsp;</li>
<li>Demonstration of JPMorgan Use Case: BTQ demonstrates how QSSN could enable a quantum-secure version of JPMorgan's proposed USD deposit token (JPMD), allowing privileged minting, burning, and administrative controls to meet U.S. federal quantum-resilience mandates without altering existing token standards or user workflows. &nbsp;</li>
<li>Market Opportunity and BTQ Positioning: With global stablecoin adoption surpassing $225 billion and regulatory timelines accelerating for quantum-proof financial infrastructure, QSSN positions BTQ as a critical technology provider for secure, scalable stablecoin and tokenized asset markets. &nbsp;</li>
<li>Policy Leadership: With the GENIUS Act advancing toward federal approval, digitized money is poised to become a formal part of the financial system. BTQ will leverage its decade of collaboration with NIST to propose technical standards that ensure stablecoins and digital currencies are quantum-secure by design and mandated by law.</li>
</ul>
VANCOUVER, BC, June 24, 2025 /CNW/ - BTQ Technologies Corp.&nbsp;(the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BTQQF#OTCQX">BTQQF</a>), a global quantum technology company focused on securing mission-critical networks, is pleased to introduce the Quantum Stablecoin Settlement Network (QSSN), a next-generation framework designed to protect stablecoin platforms from emerging cybersecurity risks driven by quantum computing.
&nbsp;
QSSN will provide banks, payment companies, and digital asset platforms with the tools to issue and manage stablecoins in alignment with evolving regulatory and national security standards. The framework is designed to support a broad range of stablecoin models, including:
&nbsp;
<ul>
<li>JPMorgan Chase's proposed USD deposit token (JPMD) &nbsp;</li>
<li>Leading fiat-backed stablecoins like Circle and Tether USD &nbsp;</li>
<li>Regulated, bank-issued stablecoins such as the forthcoming Fire Labs Stablecoin, which has commenced to power wallets in Kraken and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4455697-1&amp;h=4265575308&amp;u=http%3A%2F%2Fblockchain.com%2F&amp;a=Blockchain.com">Blockchain.com</a> &nbsp;</li>
<li>Real-world asset tokens and other next-generation digital payment products</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$USDT

BTQQF

CRCL

BTQ Unveils Quantum-Safe Stablecoin Network To Support JPMorgan, Tether, Circle Amid Rising Regulatory Push For Quantum-Resilient Financial Infrastructure

Morgan Stanley analyst James Faucette maintains Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) with a Equal-Weight and lowers the price target from $340 to $325.

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