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Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Alphabet Inc

Sundar Pichai, the CEO of 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>), may lead one of the world's most valuable companies, but despite his success, he once revealed that his father still wishes he had completed his PhD.
What Happened: In a 2016 conversation <a href="https://www.buzzfeednews.com/article/mathonan/searching-for-google-ceo-sundar-pichai-the-most-powerful-tec#.teGzOOopm">with</a> Buzzfeed, Pichai revealed his father's regret that the Google CEO did not pursue a PhD.&nbsp;
"I think if you talked to my dad, he's probably still regretting that I didn't complete my PhD. He had to leave college after his undergrad. He wanted to learn more, but because of financial reasons, he couldn't do it. I think he always wanted me to continue on," Pichai said then.
Speaking at YouTube&#8217;s Dear Class of 2020 virtual ceremony, Pichai also shared that his father spent an entire year's salary on a plane ticket so he could pursue his studies at Stanford University.
See Also: <a href="https://in.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency">Sundar Pichai Downplays DeepSeek Threat — Google&#8217;s Gemini Still Leads In Cost, Performance, And Latency</a>
"My father spent the equivalent of a year&#8217;s salary on my plane ticket to the U.S. so I could attend Stanford. It was my first time ever on a plane," he recalled. He credited his passion for technology and an open mind—alongside a bit of luck—for shaping his journey.&nbsp;
The Google CEO also shared insights into his humble beginnings.
" I grew up without much access to technology. We didn&#8217;t get our first telephone till I was ten. I didn&#8217;t have regular access to a computer until I came to America for graduate school. And, our television, when we finally got one, only had one channel," he said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Sundar Pichai Commencement Speech &#x7C; Dear Class Of 2020" width="500" height="281" src="https://www.youtube.com/embed/gEDChDOM1_U?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Born in 1972 to Regunatha Pichai, an electrical engineer, and Lakshmi, a stenographer, he spent his childhood in a modest two-room apartment in Chennai. He and his younger brother slept on the living-room floor, and the family often went without a television, a car, or even running water at times.
However, when Pichai was 12, his father brought home a rotary telephone, sparking his fascination with technology.
Pichai completed his undergraduate degree in metallurgy from the Indian Institute of Technology (IIT) Kharagpur in 1993, earning a silver medal. He pursued a master's degree in engineering at Stanford University and later an MBA at the Wharton School of the University of Pennsylvania.
Pichai's journey in tech began with roles at Applied Materials and McKinsey &amp; Company before he joined Google in 2004. His work at Google led to the development of key products like Google Chrome and the Google Toolbar. Over the years, Pichai rose through the ranks, ultimately being named CEO of Google and later Alphabet.
Pichai&#8217;s leadership at Alphabet, which is valued at $1.9 trillion today, has brought innovation in fields like artificial intelligence, voice recognition, and cloud computing.
As of early 2025, his net worth exceeds $1.3 billion, <a href="https://www.thestreet.com/personalities/sundar-pichai-net-worth">according</a> to The Street.
In 2023, as the CEO of both Alphabet and Google, Pichai reportedly had an annual salary of $2 million without any stock awards or incentive-based bonuses. His total compensation for the year was $8.8 million, with nearly $6.8 million allocated for his security.
The year 2022 saw one of Pichai's highest earnings at the company, with his total compensation reaching $226 million. This included his base salary along with stock awards, which came in the form of restricted stock units (GSUs) and performance-based restricted stock units (PSUs), the report noted.
Photo Courtesy: Rokas Tenys On Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Sundar Pichai Once Revealed He Lacked Access To Tech Growing Up But Still Ended Up Running Alphabet Thanks To An Open Mind And A 'Bit Of Luck,' Though His Dad Still Wishes He Had Completed His PhD

A sweeping new wave of tariffs unveiled by President Donald Trump on Wednesday triggered a sharp selloff during the after hours of trading as the scope and scale of the trade duties exceeded <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">Wall Street's worst-case expectations.</a>
The president framed the move as a long-overdue correction to decades of trade imbalance, instituting what he called a "reciprocal tariff rate," set at 50% of what trading partners charge the United States, but also factoring in non-tariff barriers like currency manipulation, value-added taxes and outright import bans.
While Trump had telegraphed his intention to "rebalance" U.S. trade policy, the specific duty levels, some of which reached into the mid-30% range with key trading partners, jolted investors.
Under the new framework, China, which Trump said imposes tariffs as high as 67% on American goods, will now face reciprocal U.S. duties of approximately 37%. The European Union, which applies a 39% combined rate including VATs, will be subject to a 20% U.S. tariff. Japan, with an estimated 46% trade barrier, now faces a 24% duty on exports to the U.S.
Canada and Mexico, two major trading partners, were notably excluded from the tariff program — a move that suggests Trump may be preserving the U.S.-Mexico-Canada Agreement, at least for now.
The White House confirmed that new trade tariffs will take effect on April 9. 
<h3 class="wp-block-heading">Tariffs Spark After-Hours Chaos: Index Futures Dive</h3>
The market&#8217;s reaction was swift and brutal. By 5:10 p.m. ET, futures on the S&amp;P 500 dropped 2.5%, while Nasdaq 100 futures fell 3.3%. Dow Jones Industrial Average contracts lost 1.4% and the Russell 2000 futures collapsed by 4.7%. 
Losses were broad-based. Every major sector of the S&amp;P 500 was in the red, with Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) down about 3%.
As risk appetite evaporated, gold prices climbed. Futures on the yellow metal gained 1.1%, extending their year-to-date advance as investors sought shelter from escalating geopolitical and trade tensions.
<h3 class="wp-block-heading">Tech Megacaps Bear the Brunt</h3>
The Magnificent Seven stocks, the market's dominant tech names, are on track to lose a combined $685 billion.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was the biggest laggard, down 6.6% and projected to erase $221.7 billion in market value.
 Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost 4.7%, a drop equivalent to $127.2 billion. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) fell 5.1%, and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) slid nearly 6%, as traders repositioned for a potentially more inflationary and protectionist economic environment.
Here's the breakdown of projected market cap losses with the tech elite group:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Market Cap ($B)</th>
<th>Post-Mkt % Chg</th>
<th>Projected Loss ($B)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Apple Inc.</td>
<td>3364.8</td>
<td>-6.59%</td>
<td>-221.7</td>
</tr>
<tr>
<td>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>2842.7</td>
<td>-1.99%</td>
<td>-56.6</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>2694.6</td>
<td>-4.72%</td>
<td>-127.2</td>
</tr>
<tr>
<td>Amazon.com, Inc. </td>
<td>2079.0</td>
<td>-5.06%</td>
<td>-105.2</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>1923.7</td>
<td>-3.09%</td>
<td>-59.4</td>
</tr>
<tr>
<td>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>1480.5</td>
<td>-4.16%</td>
<td>-61.6</td>
</tr>
<tr>
<td>Tesla, Inc. </td>
<td>910.7</td>
<td>-5.86%</td>
<td>-53.4</td>
</tr>
<tr>
<td>Total</td>
<td>—</td>
<td>—</td>
<td>-685.1</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data, the steepest decliners in the aftermarket session included:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>)</td>
<td>-24.41%</td>
</tr>
<tr>
<td>Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>)</td>
<td>-22.47%</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-12.51%</td>
</tr>
<tr>
<td>Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>)</td>
<td>-11.61%</td>
</tr>
<tr>
<td>The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>)</td>
<td>-11.60%</td>
</tr>
<tr>
<td>lululemon athletica inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-10.82%</td>
</tr>
<tr>
<td>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)</td>
<td>-10.38%</td>
</tr>
</tbody>
</table>
</figure>
Major gainers were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dillard&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDS#NYSE">DDS</a>)</td>
<td>+4.36%</td>
</tr>
<tr>
<td>Certara, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERT#NASDAQ">CERT</a>)</td>
<td>+4.16%</td>
</tr>
<tr>
<td>Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>)</td>
<td>+3.78%</td>
</tr>
<tr>
<td>Reinsurance Group of America, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>)</td>
<td>+2.79%</td>
</tr>
<tr>
<td>Ferguson Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NASDAQ">FERG</a>)</td>
<td>+2.57%</td>
</tr>
<tr>
<td>Church &amp; Dwight Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>)</td>
<td>+2.48%</td>
</tr>
<tr>
<td>L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>)</td>
<td>+2.33%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44610548/trumps-auto-tariffs-could-crush-demand-blow-26-billion-hole-in-industry-profits">Trump&#8217;s Auto Tariffs Could Crush Demand, Blow $26 Billion Hole In Industry Profits</a></li>
</ul>
Image created using photos from Shutterstock.

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Markets Reel As Trump's Tariffs Hit — Magnificent 7 Set To Shed Almost $700 Billion

<a href="https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave" title="https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave">https://www.theinformation.com/articles/google-advanced-talks-rent-nvidia-ai-servers-coreweave</a>

CRWV

'Google in Advanced Talks to Rent Nvidia AI Servers From CoreWeave' -The Information

President Donald Trump is expected to announce sweeping new trade tariffs Wednesday afternoon, calling it "Liberation Day" — a symbolic push to tackle the ballooning U.S. trade deficit <a href="https://www.benzinga.com/topic/tariffs">with major global partners.</a>
Early reports suggest the new reciprocal tariffs could reach as high as 20% on a wide spectrum of imported goods. If confirmed, such measures would raise average U.S. tariffs to levels unseen in decades, stoking uncertainty across global supply chains and financial markets.
Trump is set to reveal more details during his scheduled address from the White House at 4 p.m. Wednesday. 
Markets will be watching closely, not just for the scope and scale of tariffs, but also for potential signals on diplomatic retaliation, corporate lobbying reactions, and the Fed's response.
<h3 class="wp-block-heading">A Historic Deficit Fuels Protectionist Moves</h3>
In 2024, the U.S. imported $3.3 trillion in goods and exported only $2.06 trillion, resulting in a trade deficit exceeding $1.2 trillion, according to data from the International Trade Centre.
January and February 2025 marked the two largest monthly goods deficits ever recorded — $156 billion and $148 billion, respectively, hinting that U.S. businesses may have frontloaded imports in anticipation of higher future costs.
Top trading sources of U.S. imports include Mexico at $510 billion, China at $462 billion, and Canada $422 billion. Imports from Germany totaled $163 billion, predominantly in the automotive sector, while the European Union as a whole supplied $687 billion worth of goods.
Among product categories, automobiles top the list at $219 billion, followed by crude oil and petroleum at $174 billion.
<h3 class="wp-block-heading">Auto Industry In the Crosshairs</h3>
Trump has already enforced a 25% tariff on all foreign car imports. If an additional 20% reciprocal duty is introduced, foreign vehicles could face a combined 45% import tax.
<a href="https://www.benzinga.com/25/04/44610548/trumps-auto-tariffs-could-crush-demand-blow-26-billion-hole-in-industry-profits">Analysts warn</a> this could trigger a severe contraction in U.S. auto sales. Price tags on new vehicles may surge by as much as $15,000, dealing a blow to consumer demand and profit margins of major automakers.
<a href="https://www.benzinga.com/top-stories/25/04/44596034/goldman-warns-trumps-liberation-day-tariffs-could-spike-us-fuel-prices">Goldman Sachs cautioned</a> that if energy products are included in the tariff package, oil and refined product prices including gasoline and diesel could spike sharply, adding to inflationary pressures.
<h3 class="wp-block-heading">Wall Street Reacts: Correction And Caution</h3>
Equity markets are already flashing red. The S&amp;P 500 — as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — entered correction territory last month, down over 10% from recent highs, and closed its worst quarter since 2022 with a 4.6% loss.
The so-called "Magnificent Seven" — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), 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>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — have all posted negative year-to-date returns and are underperforming the broader market.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44598088/trumps-liberation-day-creates-major-uncertainty-for-big-tech-analyst-dan-ives-says">Trump&#8217;s &#8216;Liberation Day&#8217; Creates &#8216;Major Uncertainty&#8217; For Big Tech, Analyst Dan Ives Says</a>
Notably, bullish strategist <a href="https://www.benzinga.com/government/regulations/25/04/44584000/veteran-investor-warns-of-rising-stagflation-risk-as-tariffs-loom-anticipates-squeezed-profit-margins-for-us-businesses">Ed Yardeni</a> revised his S&amp;P 500 earnings forecasts downward and cut his year-end index target, citing risks from trade policy and slowing global demand.
Amid equity outflows, gold has solidified its status as a safe-haven asset, repeatedly hitting record highs and surging 19% year to date as investors seek shelter from mounting uncertainty.
A scenario involving stronger-than-expected retaliatory measures from key trading partners could amplify the market dynamics seen in the first quarter, deepening volatility and risk-off sentiment.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44560485/goldman-sachs-slashes-sp-500-price-outlook-as-tariffs-weaker-growth-hit-earnings">Goldman Sachs Slashes S&amp;P 500 Price Outlook As Tariffs, Weaker Growth Hit Earnings</a>
<h3 class="wp-block-heading">Rising Fears Of Stagflation</h3>
So far, markets have not fully priced in a worst-case economic scenario, one where rising tariffs lead to slower growth coupled with surging prices, also known as stagflation.
Yet, a growing number of economists are increasing their subjective probabilities of a U.S. recession in 2025, especially if retaliatory tariffs hit U.S. exports and <a href="https://www.benzinga.com/25/03/44537936/consumer-inflation-expectations-skyrocket-in-march-hit-highest-levels-in-32-years">consumer sentiment deteriorates.</a>
This week, <a href="https://www.benzinga.com/25/04/44608617/jp-morgan-hikes-us-recession-odds-to-40-tariffs-create-a-dilemma-for-the-fed">JPMorgan raised U.S. probability odds </a>to 40%, up from 30% previously.
Uncertainty also clouds the Federal Reserve's path forward. Although markets currently expect three 25-basis-point rate cuts by the end of 2025, rising inflation risks from new tariffs could tie the Fed's hands.
The central bank may find itself squeezed between the need to support slowing growth and the imperative to fight resurgent price pressures, a policy dilemma reminiscent of the 1970s.
Read Next: 
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<li><a href="https://www.benzinga.com/news/management/25/04/44597023/trumps-tariffs-could-spark-reshoring-boom-for-these-4-us-stocks">Trump&#8217;s Tariffs Could Spark Reshoring Boom For These 4 US Stocks</a></li>
</ul>
President Trump delivers a live address on tariffs from the White House at 4 p.m. ET.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Trump Speaks Live From The White House on Liberation Day &#x7C; April 2nd, 2025" width="500" height="281" src="https://www.youtube.com/embed/wgmKYg-zK9o?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo: Shutterstock

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CNBC Halftime Report Final Trades: Gilead Sciences, Amazon, Alphabet, KLA

<a href="https://www.benzinga.com/topic/arm" target="_blank" rel="noreferrer noopener">British chip designer</a> Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) explored snapping up semiconductor intellectual property supplier Alphawave.
That is, until discussions collapsed.
Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), an Arm rival, also considered acquiring Alphawave, according to Reuters. Both companies are vying for serializer-deserializer technology. This type of tech enabled companies like Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) to win AI chip customers like Alphabet Inc&#8217;s (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>) Google and OpenAI.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/03/44235249/slowdown-and-tariff-talk-grips-the-hottest-sector-on-wall-street-semiconductor-etf-now-has-a-negative-1-year-return" target="_blank" rel="noreferrer noopener">Slowdown And Tariff Talk Grips The Hottest Sector On Wall Street &#8211; Semiconductor ETF Now Has A Negative 1-Year Return</a>
The technology gained traction by enabling chatbots and other applications to operate smoothly by simultaneously stringing thousands of chips together.
Arm&#8217;s chips have <a target="_blank" href="https://www.benzinga.com/media/25/03/44566020/arm-aims-for-50-data-center-cpu-market-share-by-2025-challenging-intel-and-amd" rel="noreferrer noopener">gained traction among</a> cloud computing companies as the electricity of AI data centers has surged over the years. Arm expects its&nbsp;data center central processing unit&nbsp;market share to reach 50% by the end of 2025, up from around 15% in 2024.
Both Arm and Qualcomm supply companies with data center CPUs.
Reportedly, Arm planned to&nbsp;boost prices by&nbsp;up to 300% and has discussed manufacturing its chips. It aims to increase annual smartphone revenue by ~$1 billion over the next ten years.
Arm, majority owned by Japanese conglomerate SoftBank Group, recorded over 90% market share within the mobile applications market. According to <a href="https://www.statista.com/statistics/1132112/arm-market-share-targets/#:~:text=Arm%20Holdings%20market%20share%20across%20key%20technology%20markets%20worldwide%202020%2D2022&amp;text=As%20of%202022%2C%20Arm%20Holdings,and%20embedded%20computing%20markets%20globally." target="_blank" rel="noreferrer noopener">Statista</a>, it boasted a 65% share of the Internet of Things and embedded computing markets globally in 2022.
Price Action: ARM stock is down 0.13% at $106.84 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/media/25/04/44589685/softbank-weighs-165-billion-loan-that-could-back-openais-40-billion-raise-report" target="_blank" rel="noreferrer noopener">SoftBank Weighs $16.5 Billion Loan That Could Back OpenAI&#8217;s $40 Billion Raise: Report</a></li>
</ul>
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Media

AVGO

QCOM

SFTBF

SFTBY

Chip Giants Arm, Qualcomm Target Alphawave To Capture AI Success Like Broadcom

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) has reportedly proposed a $100 million payment to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to secure the Apple Card network. This move comes amid fierce competition among the country&#8217;s leading payment networks.
What Happened: Apple Card is up for grabs as Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), the bank currently backing it, plans to exit the consumer lending sector. Major banks such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Synchrony Financial are vying to take over as the card issuer. Visa has stepped in with a $100 million bid to secure the Apple Card network,
Visa, Apple and Mastercard did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
Meanwhile, payment networks, including Visa Inc. and American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), are in a tight race to replace Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) as the network for the Apple Card. Apple Inc. is expected to choose a network for its card before selecting a <a href="https://www.benzinga.com/media/25/01/43019382/apple-eyes-barclays-and-synchrony-to-replace-goldman-sachs-as-credit-card-partner-report">bank to replace</a> Goldman Sachs Group Inc. Visa Inc., the largest network, has made a bold bid to win the card, offering an upfront payment to Apple that is typically reserved for the largest card programs, according to a report by <a href="https://www.wsj.com/finance/banking/apple-card-visa-mastercard-deal-3ce762da">The Wall Street Journal</a>.
See Also:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/04/44599257/bitcoin-ethereum-dogecoin-edge-higher-as-market-braces-for-trumps-liberation-day-why-arthur-hayes-still-sees-btc-hitting-250000-by-year-end" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Edge Higher As Market Braces For Trump&#8217;s &#8216;Liberation Day:&#8217; Why Arthur Hayes Still Sees BTC Hitting $250,000 By Year-End &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of</a>
Mastercard Inc. is also making a strong effort to retain its role as the network for the Apple Card, exploring the use of its fintech, Finicity, to enable consumers to view their deposit-account balances within the Apple ecosystem.
Why It Matters: The Apple card program, with approximately $20 billion in balances, is one of the largest co-branded deals to change issuers. The network that secures this deal is expected to remain closely connected to Apple&#8217;s future payment efforts. Visa Inc. remains the undisputed scale leader in the payments industry, but Mastercard Inc. <a href="https://www.benzinga.com/25/03/44435113/visa-vs-mastercard-the-heavyweight-bout-of-payments">has been outpacing </a>its rival in growth. This competition for the Apple card network could significantly impact the balance of power in the payments industry.
The outcome of this competition could have significant implications for the future of Apple&#8217;s payment efforts and the payments industry at large.
Visa holds a momentum rating of 89.49% and a quality rating of 81.30%, according to&nbsp;<a href="https://www.benzinga.com/quote/V" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
Visa stock lost 1.13% to close at $346.35&nbsp;on Tuesday. The stock has surged more than 25% over the past 6 months.
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<li>Read Next:&nbsp;<a href="https://benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt" target="_blank" rel="noreferrer noopener">Sundar Pichai Shows Off Google&#8217;s &#8216;Most Intelligent AI&#8217; Ever With A Dinosaur Video Game That Even You Could Make With A Simple Prompt &#8211; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) &#8211; Benzinga</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Visa Offers $100 Million To Secure Apple Card Network In A Bid To Outdo Mastercard: Report

In a move to bolster its AI data-center offerings, Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) completed its $4.9 billion acquisition of data-center equipment designer ZT Systems on Monday.
What Happened: The acquisition, first announced in August, is a strategic move by AMD to strengthen its data-center systems offerings and position itself as a strong contender against Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). This acquisition will allow AMD to provide alternatives to Nvidia&#8217;s dominant chips and servers to key clients such as Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
AMD&#8217;s CEO, Lisa Su, highlighted the increasing complexity of hardware integration with the rise of AI, stating, &#8220;You&nbsp;really have to put the&nbsp;entire system together.&#8221;
See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44593554/bitcoin-ethereum-xrp-dogecoin-surge-as-trader-eyes-88000-for-btc-to-touch-new-higher-high" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Surge As Trader Eyes $88,000 For BTC To Touch &#8216;New Higher High&#8217;</a>
AMD&#8217;s acquisition of ZT is aimed at securing a share of the &#8220;AI factory,&#8221; a concept associated with Nvidia&#8217;s strategy of providing a one-stop solution for all key data center components. AMD sets itself apart by offering an open-source ecosystem, allowing customers to select their preferred components.
AMD has also incorporated ZT Systems&#8217;&nbsp;1,000 design engineers, who focus on hardware and server design, into the AMD Data Center Solutions division. 
Frank Zhang, Former ZT Systems Founder and CEO, joins AMD as senior vice president of ZT Manufacturing, while Former President Doug Huang joins as senior vice president of Data Center Platform Engineering
Why It Matters: The acquisition of ZT Systems by AMD marked a significant expansion of <a href="https://www.benzinga.com/m-a/24/08/40438854/amd-expands-ai-capabilities-acquires-zt-systems-in-major-4-9b-deal">AMD&#8217;s AI capabilities</a>. The deal is seen as a major step towards enhancing AMD&#8217;s position in the AI infrastructure market.
ZT Systems, a privately held company based in Secaucus, N.J., had over $10 billion in annual revenue when the deal was announced. AMD is now in the process of selling ZT's manufacturing unit. 
During the past years, AMD has acquired other companies to strengthen its data center capabilities. In 2022, AMD acquired Xilinx and Pensando to strengthen its data-center offerings.
AMD&#8217;s strategy to strengthen its data-center offerings was further highlighted recently when the company announced that its fifth-generation AMD EPYC <a href="https://www.benzinga.com/25/03/44568964/amd-powers-oracle-cloud-with-new-epyc-chips-promising-major-boost-in-performance">processors would </a>power the Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. This move promised a significant boost in performance, with up to a 2 times increase in cost-to-performance compared to the previous E5 instance generation.
AMD holds a momentum rating of 12.93% and a growth rating of 66.54%, according to&nbsp;<a href="https://www.benzinga.com/quote/AMD" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
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<li>Read Next: <a href="https://benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt" target="_blank" rel="noreferrer noopener">Sundar Pichai Shows Off Google&#8217;s &#8216;Most Intelligent AI&#8217; Ever With A Dinosaur Video Game That Even You Could Make With A Simple Prompt</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ORCL

Nvidia Rival AMD Completes $4.9B Acquisition Of ZT Systems To Strengthen AI And Data Center Dominance

A substantial data breach has been reported at&nbsp;Elon Musk&#8217;s&nbsp;social media platform,&nbsp;X, impacting millions of accounts.
What Happened: The cybersecurity team at SafetyDetectives stumbled upon a <a href="https://www.safetydetectives.com/news/x200m-leak-report/">post</a> on BreachForums, a hacking message board. The post, made by a user named ThinkingOne, contained&nbsp;a 34 GB CSV file&nbsp;with over&nbsp;201 million entries of data&nbsp;purportedly from X users.
X did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
ThinkingOne cross-referenced the 2025 leak with a January 2023 X data breach, which contained email addresses of 209 million users. Although the older breach had less metadata, it included private email addresses. As a result, ThinkingOne compiled a file on 201 million active users from the 2025 leak whose emails had already been exposed.
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ThinkingOne stated that the leaked data of nearly 400 GB does not contain sensitive user information. However, it includes metadata like account creation dates, locations, display names, post counts, and other similar details. Coupled with previously leaked email addresses, this information could be exploited by hackers for phishing and social engineering campaigns. SafetyDetectives has confirmed the authenticity of a sample of the leaked data. The exact origin of the breach is yet to be determined.
According to Computing.co.uk, a disgruntled employee is likely to have stolen data from 2.87 billion profiles during mass layoffs following Elon Musk&#8217;s 2022 acquisition. 
Why It Matters: &nbsp;According to Statista, X has over 400 million users worldwide, hence, the count of 2.87 billion profiles could include historical or experimental records, bot accounts, banned or inactive profiles, merged legacy and modern data, and non-user entities like API accounts.
"This is by far the largest social media breach ever, in terms of number of users, and there is at least a possibility that the person responsible for the breach has other data including emails, phone numbers and passwords,&#8221; data enthusiast ThinkingOne told Davey Winder,&#8217; veteran cybersecurity analyst at Forbes. 
This incident follows a previous report of a &#8220;massive cyberattack&#8221; on X in early March, which&nbsp;Elon Musk&nbsp;claimed to have <a href="https://www.benzinga.com/markets/25/03/44241034/elon-musk-says-ukraine-behind-massive-cyberattack-on-x-were-not-sure-exactly-what-happened">originated from </a>Ukraine. Musk, currently leading the Trump administration&#8217;s Department of Government Efficiency (DOGE), had revealed that X was under a significant cyberattack.
On Friday, Elon Musk's xAI acquired the social media platform X for $33 billion. &#8220;Today, we officially take the step to combine the data, models, compute, distribution and talent,&#8221; Musk stated
The latest data breach raises concerns over the security measures in place at X and the potential risks to its users. The full impact of this breach remains to be seen, as investigations continue.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Massive Data Breach At Elon Musk's X Reportedly Exposes Data Of Millions Of Accounts: 'By Far The Largest Social Media Breach Ever'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly gearing up to release an over $1,000 version of its smart glasses to <a href="https://www.benzinga.com/news/24/06/39449125/apple-glass-potential-competitor-to-ray-ban-meta-smart-glasses-may-take-longer-to-develop-report">further challenge</a> Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) AR ambitions.
What Happened: The new version of Meta's smart glasses will come with a built-in screen, hand-gesture controls, and a price tag ranging from $1,000 to $1,400, <a href="https://www.bloomberg.com/news/articles/2025-04-01/how-meta-s-upcoming-1000-smart-glasses-with-a-screen-will-work">reported</a> Bloomberg, citing sources familiar with the matter.
The device, code-named Hypernova, could feature a <a href="https://www.benzinga.com/24/12/42659936/meta-plans-display-equipped-ray-ban-glasses-by-2025-aiming-to-replace-smartphones">monocular display</a> in the lower-right quadrant of the right lens.
They are expected to offer an immersive AR experience that goes beyond the company's current Ray-Ban Meta Glasses, which start at $299. Last year, it was reported that&nbsp;Meta's Ray-Ban smart glasses have become the <a href="https://www.benzinga.com/news/24/10/41458752/metas-smart-glasses-dominate-ray-ban-stores-ai-features-still-missing">best-selling item in 60%</a> of Ray-Ban stores across Europe, the Middle East, and Africa (EMEA).
See Also: <a href="https://www.benzinga.com/tech/25/03/44577187/sam-altman-led-openai-releases-open-weight-ai-model-with-reasoning-capabilities-as-deepseek-and-meta-taste-success">Sam Altman-Led OpenAI Releases Open-Weight AI Model With Reasoning Capabilities As DeepSeek And Meta Taste Success</a>
Why It Matters: Previously, it was reported that Apple might be considering a new <a href="https://www.benzinga.com/news/24/07/39747111/apples-vision-pro-struggles-to-find-its-killer-app-to-justify-3-500-price-tag-just-not-quite-hit-the">lightweight glasses design</a> following the lukewarm response to its first-generation mixed reality headset, Vision Pro.
Alphabet Inc.'s (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>) subsidiary Google is also reportedly in the final stages of negotiations to acquire AdHawk Microsystems Inc. as part of its <a href="https://in.benzinga.com/25/03/44267530/while-apple-reportedly-mulls-over-ar-glasses-google-bets-big-on-eye-tracking-tech-with-115-million-adhawk-acquisition-report">renewed focus on headsets</a> and smart glasses.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The steep price hike for Meta's new model Hypernova is primarily due to the screen, the report noted.
While giving his review of Vision Pro in February 2024, Meta CEO Mark Zuckerberg admitted that Apple's headset <a href="https://www.benzinga.com/general/entertainment/24/02/37116135/mark-zuckerberg-finally-tries-apples-vision-pro-and-says-metas-quest-3-is-the-better-produc">offers a higher screen resolution</a> than Quest. However, he also expressed surprise at the compromises made in device quality, comfort, and ergonomics to achieve it.
Price Action: Meta stock closed 1.67% higher at $586 on Tuesday. However, year-to-date, the company&#8217;s shares have dropped 2.21%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Meta Planning To Drop $1,000 Smart Glasses With Hand Gesture Control As It Takes On Apple: Report

Tema ETF, known for its active thematic investment strategies, has unveiled a novel approach to traditional indexing. On Tuesday, in collaboration with S&amp;P Global Inc., the firm introduced the Tema S&amp;P 500 Historical Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSPY#NYSE">DSPY</a>), a new ETF product designed to tackle <a href="https://www.benzinga.com/markets">unprecedented index concentration risk. </a>
<h3 class="wp-block-heading">S&amp;P 500 Overconcentration Raises Red Flags, Equal Weight ETF Falls Short As Fix</h3>
"Today's S&amp;P 500 concentration is at an all-time high," said Maurits Pot, founder of Tema, in an exclusive interview with Benzinga.
The S&amp;P 500 is increasingly dominated by a handful of tech giants — the so-called Magnificent Seven — which include Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), 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>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
These seven companies alone make up nearly 30% of the entire index. The top 10 stocks account for 36%, leaving the rest of the 490 companies with diminishing influence.
In comparison, the equal-weight S&amp;P 500 ETF, such as the Invesco Equal Weight S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) gives each stock the same weight — about 0.2% — which effectively erases large-cap dominance but also deviates significantly from the actual index composition.
"If I go equal weight, I actually have very little exposure to the S&amp;P 500," Pot said. "Fundamentally, it&#8217;s a different product."
<h3 class="wp-block-heading">The DSPY Innovation: A Historical Index Weighting</h3>
Tema S&amp;P 500 Historical Weight ETF mirrors the S&amp;P 500 in every way — same companies, same sector exposures, same rebalance frequency — except for one critical difference: how each stock is weighted.
Instead of using the current market cap, the new product assigns each company the average historical weight of its index position (1 through 500) based on 35 years of data since 1989.
For instance, Apple Inc., now the largest stock in the S&amp;P 500 with a nearly 7% weight, is reweighted to about 3.9% — the average weight of the dominant S&amp;P 500 company over the past 35 years.
"What we've built is the S&amp;P 500 with historical weightings," Pot said. "This reduces concentration risk while preserving the index&#8217;s integrity."
Repeat this for all 500 positions, and you get a smoothed-out S&amp;P 500 — one that reflects the index's long-term structure without overexposure to today&#8217;s top tech names.
By using historical weight averages, the ETF maintains the structural DNA of the cap-weighted S&amp;P 500 index while diluting short-term dominance.
Unlike equal-weight ETFs that assign every stock the same arbitrary 0.2% weight, DSPY preserves the natural hierarchy of the S&amp;P 500, offering investors a more reliable and historically grounded representation of the U.S. large-cap market.
<h3 class="wp-block-heading">Comparing DSPY, S&amp;P 500, Equal-Weight ETF</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Metric</th>
<th>S&amp;P 500</th>
<th>Equal Weight (RSP)</th>
<th>DSPY ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td>Top 3 Stocks Weight (%)</td>
<td>19.84%</td>
<td>0.60%</td>
<td>9.32%</td>
</tr>
<tr>
<td>Top 10 Stocks Weight (%)</td>
<td>36.01%</td>
<td>2.21%</td>
<td>21.28%</td>
</tr>
<tr>
<td>% Index Held by Top 50 Stocks</td>
<td>77.14%</td>
<td>26.22%</td>
<td>71.78%</td>
</tr>
<tr>
<td>Largest Sector Weight</td>
<td>Tech (30.42%)</td>
<td>Industrials (15.65%)</td>
<td>Tech (23.32%)</td>
</tr>
<tr>
<td>Index Coverage Similarity</td>
<td>100%</td>
<td>47%</td>
<td>85%</td>
</tr>
<tr>
<td>Rebalance Frequency</td>
<td>Quarterly</td>
<td>Quarterly</td>
<td>Quarterly</td>
</tr>
<tr>
<td>Apple Inc. Weight (%)</td>
<td>6.78%</td>
<td>0.20%</td>
<td>3.96%</td>
</tr>
<tr>
<td>Microsoft Corp. (%)</td>
<td>6.08%</td>
<td>0.20%</td>
<td>3.06%</td>
</tr>
<tr>
<td>Amazon.com Inc. (%)</td>
<td>5.98%</td>
<td>0.20%</td>
<td>2.30%</td>
</tr>
<tr>
<td>NVIDIA Corp. (%)</td>
<td>3.92%</td>
<td>0.20%</td>
<td>2.11%</td>
</tr>
<tr>
<td>Alphabet Inc. (%)</td>
<td>3.64%</td>
<td>0.20%</td>
<td>1.95%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Tema ETF</figcaption></figure>
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Photo: Shutterstock

Specialty ETFs

New ETFs

Exclusives

Tema ETF Trust Tema S&P 500 Historical Weight ETF Strategy

DSPY

Rydex ETF Trust Rydex S&P Equal Weight ETF

EXCLUSIVE: Tema ETF Tackles Mag 7 Concentration Risk With New S&P 500 Historical Weighting Strategy

WestPark Capital analyst Curtis Shauger initiated coverage on Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) on Tuesday with a Buy rating and a <a target="_blank" href="https://www.benzinga.com/quote/GOOG/analyst-ratings" rel="noreferrer noopener">price target of&nbsp;$210</a>.
Alphabet reported fourth-quarter net sales of $96.47 billion, up 11.8%, but this fell short of the consensus estimate of $96.56–$96.69 billion. GAAP EPS reached $2.15, topping the consensus of $2.12–$2.13.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/travel/25/03/44569138/googles-new-ai-travel-features-could-drive-major-growth-in-search-volume-analyst" rel="noreferrer noopener">Google's New AI Travel Features Could Drive Major Growth In Search Volume: Analyst</a>
Cloud revenue of $11.96 billion grew 30% but underperformed the $12.19 billion consensus, with growth slowing from the third quarter's 35%. Operating profit hit $2.15 billion (18% margin), beating the $1.9 billion estimate, but the revenue miss raised concerns about Alphabet trailing AWS and Azure.
Search represents one of the actual utilities of the Internet economy, and Alphabet has expertly dominated the sector for nearly twenty-five years.
The company has levered this enviable position into numerous other growth areas, notably video streaming (YouTube) and Infrastructure-as-a-Service (Google Cloud Platform). Alphabet is a massive cash flow machine with an under-leveraged balance sheet.
With EBITDA margins of 35-40%, Alphabet ended 2024 generating over $70 billion in free cash flow and amassed a net cash balance of ~$85 billion; Shauger noted Alphabet is well positioned to pursue emerging areas of growth, particularly AI.
Slowing growth at GCP has led to concerns about the trajectory of this critical segment.
After reporting 23% growth in its third quarter of 2023, GCP subsequently accelerated over the next several quarters, peaking at 35% in the third quarter of 2024 before slipping to 30% in the fourth quarter of 2024. Despite indications of demand outstripping supply, Shauger noted this dent in acceleration has raised concerns about the near-term trajectory of this strategically important segment.
Although Alphabet offers relatively little in the way of guidance, on its fourth-quarter call, it did announce initial 2025 cap-ex guidance of $75 billion, representing ~ a 35% increase over 2024 and 150% from 2023.
Shauger stated this, coupled with slowing GCP has stoked concerns among some investors. Upcoming remedy trial could prove pivotal.
After ruling in mid-2024 that Alphabet maintained an illegal monopoly in search, the Department of Justice (DOJ) subsequently proposed various remedies, some potentially quite disruptive.
Shauger noted that the trial, set for April of this year, could give investors some measure of the impact of the company and its shares.
Shauger projected first-quarter revenue of $90.23 billion and GAAP EPS of $2.06.
Price Action: GOOG stock is up 1.06% at $157.88 at the last check on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44569790/goldman-sachs-picks-amazon-google-and-meta-for-strong-growth-in-ecommerce-and-digital-advertising" target="_blank" rel="noreferrer noopener">Shoptalk 2025: Goldman Sachs Analyst Unveils Insights On AI, Video, Retail And Stock Picks</a></li>
</ul>
Image via Shutterstock

Price Target

Initiation

Alphabet Is A Massive Cash Flow Machine With An Under-Leveraged Balance Sheet: Analyst

Investors with a lot of money to spend have taken a bearish stance on Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GOOGL, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 116 uncommon options trades for Alphabet.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 45%, bearish.
Out of all of the special options we uncovered, 41 are puts, for a total amount of $5,031,275, and 75 are calls, for a total amount of $6,625,296.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $265.0 for Alphabet, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Alphabet's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Alphabet's whale trades within a strike price range from $50.0 to $265.0 in the last 30 days. 
<h3>Alphabet 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743528686_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$24.55</td>
<td>$24.5</td>
<td>$24.5</td>
<td>$150.00</td>
<td>$1.0M</td>
<td>13.9K</td>
<td align="right">633</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.9</td>
<td>$7.8</td>
<td>$7.76</td>
<td>$190.00</td>
<td>$582.0K</td>
<td>7.9K</td>
<td align="right">789</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$42.2</td>
<td>$42.05</td>
<td>$42.2</td>
<td>$195.00</td>
<td>$472.6K</td>
<td>355</td>
<td align="right">407</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$25.15</td>
<td>$24.9</td>
<td>$25.06</td>
<td>$175.00</td>
<td>$210.5K</td>
<td>2.2K</td>
<td align="right">315</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$88.7</td>
<td>$88.15</td>
<td>$88.42</td>
<td>$70.00</td>
<td>$176.8K</td>
<td>230</td>
<td align="right">20</td>
</tr>
</tbody>
</table>

<h3>About Alphabet</h3>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
Having examined the options trading patterns of Alphabet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Alphabet Standing Right Now?</h3>
<ul>
<li>With a volume of 18,093,471, the price of GOOGL is up 1.64% at $157.18. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Alphabet</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $198.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Alphabet, which currently sits at a price target of $167. 
&#x2A; An analyst from Rosenblatt persists with their Neutral rating on Alphabet, maintaining a target price of $205. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $200. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Alphabet, targeting a price of $200. 
&#x2A; Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Alphabet, targeting a price of $220. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alphabet options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Decoding Alphabet's Options Activity: What's the Big Picture?

Shares of video game developer, Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Tuesday</a> after Rewarded Video Ads launch and partnership with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) owned Google.
The company is expanding its <a target="_blank" href="https://corp.roblox.com/newsroom/2025/04/roblox-scales-video-ads-partners-with-google" rel="noreferrer noopener">advertising </a>capabilities through a new partnership with Google, allowing brands and agencies to programmatically purchase Rewarded Video ads within the gaming platform.
This move is part of Roblox&#8217;s broader effort to scale its immersive ad offerings and meet advertisers where they buy their media.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44582695/why-is-ev-battery-tech-provider-microvast-stock-surging-today" rel="noreferrer noopener">Why Is EV Battery Tech Provider Microvast Stock Surging Today?</a>
Initial trials of Rewarded Video ads have shown high user engagement, with average completion rates surpassing 80%. In certain experiences, completion rates have exceeded 90%, as players find value in earning in-game rewards for viewing brief video advertisements.
&#8220;This new format is a win-win-win for brands, creators, and users, and we&#8217;ve been excited by the early results of our tests which have proven this out,&#8221; said&nbsp;Vice President of Global Brand Partnerships and Advertising at Roblox, Stephanie Latham.
&#8220;Our partnership with Google makes it very easy to buy these engaging ads and reach key audiences at scale. We are continuing to remove barriers for brands and agencies that are quickly realizing the massive potential of immersive gaming platforms like Roblox where Gen Z are increasingly spending their time.&#8221;
Through this partnership, Google Ad Manager will be integrated into Roblox&#8217;s advertising technology stack, allowing advertisers to reach millions of daily active users, many of whom belong to Gen Z demographic.
This combination will benefit both advertisers and the Roblox creator community by expanding revenue opportunities. Game developers can incorporate Rewarded Video ads into their experiences, allowing them to earn money while offering players incentives like virtual currency or power-ups.
To ensure advertisers can assess the impact of their investments, Roblox is joining hands with measurement firms such as Cint, DoubleVerify, Integral Ad Science (IAS), Kantar, and Nielsen.
These partnerships will provide brands with data on media quality, brand suitability, brand lift, and audience engagement, helping them optimize their campaigns.
Roblox plans to expand its immersive ad formats, including Billboards, to Google Ad Manager in the coming months. It will also integrate more demand sources, such as top supply-side and demand-side platforms, through Google&#8217;s Authorized Buyers.
Price Action: RBLX shares traded higher by 2.16% at $59.55 at last check Tuesday.
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</ul>
Photo via Shutterstock.

Equities

Movers

General

RBLX

What's Going On With Video Game Developer Roblox Stock Today?

Alphabet's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NYSE">GOOGL</a>) short percent of float has risen 12.84% since its last report. The company recently reported that it has 72.04 million shares sold short, which is 1.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.09 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Alphabet Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743516916_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Alphabet has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Alphabet's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Alphabet's peer group average for short interest as a percentage of float is 6.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What's Driving the Market Sentiment Around Alphabet?

<a href="https://corp.roblox.com/newsroom/2025/04/roblox-scales-video-ads-partners-with-google" title="https://corp.roblox.com/newsroom/2025/04/roblox-scales-video-ads-partners-with-google">https://corp.roblox.com/newsroom/2025/04/roblox-scales-video-ads-partners-with-google</a>

'Roblox Launches Rewarded Video Ads, Partners With Google To Scale Immersive Advertising' - Roblox

President Donald Trump has set up a new body within the Commerce Department to manage the CHIPS and Science Act, 2022. 
What Happened: A new entity, the United States Investment Accelerator within the Commerce Department, will now oversee the CHIPS Act program, as established by an executive order signed by Trump on Monday.
Despite Trump&#8217;s past criticism of the bipartisan legislation, the White House said in its fact sheet that the new office will focus on &#8220;negotiating much better CHIPS Act deals&#8221; and streamlining investment processes through reduced regulatory burdens and faster permitting.
According to the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>, the CHIPS Program has granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies across 23 states. 
However, the new entity — Investment Accelerator that will be controlling the CHIPS Act, not only plans to expedite corporate investments but promises to deliver &#8221; the benefit of the bargain for taxpayers,&#8221; as per the Whit House fact sheet.
Other primary goals of the body include;
<ul>
<li>Reducing regulatory burdens</li>
</ul>
<ul>
<li>Speeding up permitting;</li>
</ul>
<ul>
<li>Coordinating responses to investor issues across multiple Federal agencies; </li>
</ul>
<ul>
<li>Increasing access to national resources;</li>
</ul>
<ul>
<li>Facilitating collaboration with national laboratories; </li>
</ul>
<ul>
<li>Working with all 50 state governments and their economic development organizations.</li>
</ul>
Here are the U.S.-listed beneficiaries that have received grants under the CHIPS and Science Act, 2022 in the past. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Amkor Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>)</td>
<td>-30.57%</td>
<td>-43.23%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>-4.58%</td>
<td>2.57%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-35.44%</td>
<td>8.23%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>-1.99%</td>
<td>40.13%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-10.03%</td>
<td>-37.79%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-13.11%</td>
<td>-28.73%</td>
</tr>
<tr>
<td>HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</td>
<td>-14.72%</td>
<td>-8.85%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>12.31%</td>
<td>48.99%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>)</td>
<td>-22.44%</td>
<td>2.83%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>-14.89%</td>
<td>-46.06%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>-0.50%</td>
<td>-30.10%</td>
</tr>
<tr>
<td>Polar Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>)</td>
<td>-30.66%</td>
<td>-31.05%</td>
</tr>
<tr>
<td>Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</td>
<td>-28.37%</td>
<td>338%</td>
</tr>
<tr>
<td>Skywater Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>)</td>
<td>-47.36%</td>
<td>-30.08%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>-3.88%</td>
<td>3.77%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>-17.65%</td>
<td>17.32%</td>
</tr>
<tr>
<td>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)</td>
<td>-53.85%</td>
<td>-89.77%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/04/44578555/nancy-pelosis-pick-palo-alto-networks-downplays-ai-spending-need-analyst-warns-ai-digestion-phase-may-be-a-larger-problem" target="_blank" rel="noreferrer noopener">Nancy Pelosi's Pick, Palo Alto Networks Downplays AI Spending Need: Analyst Warns ‘AI Digestion Phase May Be A Larger Problem'</a>
Why It Matters: Trump has been vocal about his criticism of the CHIPS Act. On March 4, during his joint address to Congress, he said, &#8220;Your Chips Act is a horrible, horrible thing.&#8221;
He also urged U.S. House Speaker Mike Johnson to &#8220;get rid&#8221; of it and use &#8220;whatever is left over&#8221; to &#8220;reduce debt or any other reason you want to.&#8221;
However, the White House&#8217;s new plan has passed on the management of the act to the new entity. Since his time in office, Trump has been able to convince companies to invest in the U.S.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM revealed its plans to inject another $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative and bringing total investment to $165 billion.
Similarly, the Magnificent 7 companies are widely expected to spend more than $330 billion on capex in 2025. While the chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hasn't explicitly mentioned a target during its earnings call, the iPhone maker Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) broadly expects to spend $500 billion over the next four years. The remaining companies, however, have provided a specific target for 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>CAPEX Target For 2025</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>$80 Billion</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>$100 Billion</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>$75 Billion</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>$65 Billion</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>$11 Billion</td>
</tr>
</tbody>
</table>
</figure>
Price Action: 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, dropped in premarket on Monday. The SPY was down 0.51% to $556.56, while the QQQ declined 0.46% to $466.75, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Days After Calling The CHIPS Act A 'Horrible Thing,' Donald Trump Sets Up New Entity For 'Negotiating Much Better...Deals:' Here's More

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/03/28/final-trades-paypal-meta-abbvie-and-snowflake.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal of Cerity Partners picked Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) as his final trade.
Lockheed Martin and 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>), which owns Google Public Sector, announced on Thursday a strategic partnership to integrate Google's advanced generative artificial intelligence (AI) into Lockheed Martin's AI Factory ecosystem. The initiative aims to enhance the development, deployment, and maintenance of AI-driven solutions for national security, aerospace, and <a href="https://www.benzinga.com/news/contracts/25/03/44533913/lockheed-martin-and-google-partner-to-advance-ai-in-defense">scientific fields</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
Shannon Saccocia of NB Private Wealth said iShares U.S. Industrials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYJ#NYSE">IYJ</a>) is down a little bit this year and offers some opportunity in a <a href="https://www.benzinga.com/quote/IYJ/dividends">cyclical rebound.</a>
Stephen Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury, saying it's a good place to hide.
Joseph M. Terranova of Virtus Investment Partners said energy prices are going to be higher for the year and Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) gets you the energy exposure that you need.
On Thursday, Morgan Stanley analyst Devin McDermott maintained Exxon Mobil with an Overweight rating but slashed the price target from $141 to $138.
Price Action:
<ul>
<li>iShares U.S. Industrials ETF gained 0.8% on Monday.</li>
<li>Lockheed Martin shares rose 1.2% to close at $446.71 during Monday's session.</li>
<li>Exxon Mobil shares gained 1% to settle at $118.93 on Monday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44561974/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
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Image: Shutterstock

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Lockheed Martin, Exxon Mobil And More: CNBC's 'Final Trades'

<a href="https://x.com/sama/status/1906793591944646898?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet" title="https://x.com/sama/status/1906793591944646898?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet">https://x.com/sama/status/1906793591944646898?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet</a>

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Goldman Sachs analyst Eric Sheridan attended the 2025 Shoptalk Conference in Las Vegas from March 25 to March 27.
Based on his conversations with companies and industry participants, the analyst shared his key takeaways across <a href="https://www.benzinga.com/topic/e-commerce" target="_blank" rel="noreferrer noopener">eCommerce, digital advertising</a>, retail, and software:
Also Read: <a href="https://www.benzinga.com/25/02/43431559/amazon-temu-and-shein-under-eu-scrutiny-regulators-target-illegal-products-and-tougher-e-commerce-rules" target="_blank" rel="noreferrer noopener">Amazon, Temu, and Shein Under EU Scrutiny, Regulators Target Illegal Products and Tougher E-Commerce Rules</a>
<ul>
<li>Search is evolving to meet rising customer expectations.</li>
<li>The future of eCommerce is conversational and personalized.</li>
<li>Video content is becoming critical from awareness to conversion.</li>
<li>AI is enabling a better brand experience.</li>
<li>Retail media is increasingly a differentiator.</li>
<li>The in-store environment remains an opportunity for retail media dollars ahead.</li>
<li>There are signs of stable demand for digital transformation but less visibility into the second quarter.</li>
</ul>
Sheridan&#8217;s internet picks:
<ul>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Buy with $255 price target</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Buy with $220 price target</li>
<li>Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Buy with $765 price target) and </li>
<li>Pinterest, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) Buy with $47 price target</li>
</ul>
Retail top picks:
<ul>
<li>SharkNinja, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) Buy, with a $133 price target</li>
<li>GAP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) Buy with a $34 price target and </li>
<li>Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Buy with $106 1price target.</li>
</ul>
Software picks:
<ul>
<li>Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) Buy with a $150 price target and </li>
<li>Klaviyo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) Buy with a $51 price target.</li>
</ul>
Google continues to play an essential role in online commerce. Google and YouTube are present in 2/3rd of journeys where consumers discover new brands, products, or retailers.
Google was aligned with this vision of the future of multimodal search and spoke to their focus on Google Lens, which now serves over 20 billion monthly queries. Text-based search remains normative, and generative AI products augment the experience.
Amazon is also experimenting with visual search with Amazon Lens and is pleased with the various ways shoppers engage with the product, which suggests that users are deriving value from it.
Amazon launched its AI shopping assistant, Rufus, in 2024.
Google launched a more conversational version of Google Shopping last October. Over 1 billion people shop across Google every day, and the company sees Google Shopping as an essential part of its broader commerce strategy.
Walmart noted an opportunity to enhance the customer experience by cross-functionally driving its retail media stream. This collaboration across retail media, data, marketing, and other customer experiences will drive profit while enabling a frictionless customer experience.  
Sheridan expects Shopify to see traction in B2B due to the market&#8217;s legacy replacement cycle and relatively benign competitive backdrop.
Read Next:
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