Alphabet Option Alert: Jul 25 $160 Calls Sweep (92) near the Ask: 2211 vs 396 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Jul 25 $160 Calls Sweep (92) near the Ask: 2211 @ $19.898 vs 396 OI; Earnings 7/22 After Close [est] Ref=$178.3

Alphabet Option Alert: Thu $150 Calls Sweep (47) near the Ask: 221 vs 5008 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Thu $150 Calls Sweep (47) near the Ask: 221 @ $28.5 vs 5008 OI; Earnings 7/22 After Close [est] Ref=$178.55

Alphabet Option Alert: Thu $150 Calls Sweep (340) near the Ask: 3093 vs 5008 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Thu $150 Calls Sweep (340) near the Ask: 3093 @ $28.5 vs 5008 OI; Earnings 7/22 After Close [est] Ref=$178.56

Alphabet Option Alert: Thu $150 Calls Sweep (59) near the Ask: 1120 vs 5008 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Thu $150 Calls Sweep (59) near the Ask: 1120 @ $28.5 vs 5008 OI; Earnings 7/22 After Close [est] Ref=$178.61

Alphabet Option Alert: Dec, 2027 $225 Puts Sweep (22) near the Ask: 100 vs 11 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Dec, 2027 $225 Puts Sweep (22) near the Ask: 100 @ $57.55 vs 11 OI; Earnings 7/22 After Close [est] Ref=$176.915

Alphabet Option Alert: Dec, 2027 $220 Puts Sweep (28) near the Ask: 100 vs 12 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Dec, 2027 $220 Puts Sweep (28) near the Ask: 100 @ $53.999 vs 12 OI; Earnings 7/22 After Close [est] Ref=$176.92

Alphabet Option Alert: Dec, 2027 $225 Puts Sweep (21) near the Ask: 100 vs 11 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Dec, 2027 $225 Puts Sweep (21) near the Ask: 100 @ $57.45 vs 11 OI; Earnings 7/22 After Close [est] Ref=$177.03

Alphabet Option Alert: Dec, 2027 $220 Puts Sweep (23) near the Ask: 100 vs 12 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Dec, 2027 $220 Puts Sweep (23) near the Ask: 100 @ $54.05 vs 12 OI; Earnings 7/22 After Close [est] Ref=$176.775

Alphabet Option Alert: Jul 3 $180 Calls Sweep (69) near the Ask: 4695 vs 6108 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Jul 3 $180 Calls Sweep (69) near the Ask: 4695 @ $1.288 vs 6108 OI; Earnings 7/22 After Close [est] Ref=$177.87

Alphabet Option Alert: Aug 8 $140 Calls at the Bid: 1000 vs 0 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Aug 8 $140 Calls at the Bid: 1000 @ $34.57 vs 0 OI; Earnings 7/22 After Close [est] Ref=$172.93

Alphabet Option Alert: Fri $165 Calls Sweep (8) near the Bid: 998 vs 4124 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Fri $165 Calls Sweep (8) near the Bid: 998 @ $8.4 vs 4124 OI; Earnings 7/22 After Close [est] Ref=$173.39

Alphabet Option Alert: Jan 16 $165 Calls at the Ask: 850 vs 8201 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Jan 16 $165 Calls at the Ask: 850 @ $22.35 vs 8201 OI; Earnings 7/22 After Close [est] Ref=$172.87

Alphabet Option Alert: Fri $170 Calls Sweep (109) near the Bid: 1394 vs 16119 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Fri $170 Calls Sweep (109) near the Bid: 1394 @ $3.9 vs 16119 OI; Earnings 7/22 After Close [est] Ref=$173.85

Alphabet Option Alert: Jul 18 $180 Puts at the Bid: 1500 vs 6258 OI; Earnings 7/22 After Close [est] 

Alphabet Option Alert: Jul 18 $180 Puts at the Bid: 1500 @ $7.35 vs 6258 OI; Earnings 7/22 After Close [est] Ref=$174.245

Alphabet (NASDAQ:GOOGL) Stock

ALPHABET INC-CL A

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

President Donald Trump signed his <a href="https://www.benzinga.com/news/politics/25/07/46240478/trumps-big-beautiful-bill-advances-as-house-gop-squeezes-out-219-213-win" target="_blank" rel="noreferrer noopener">sweeping tax and spending package</a> into law on Friday after it narrowly passed both houses of Congress last week.
The signing keeps his second-term agenda alive and sets the stage for big shifts in corporate taxes, consumer spending, and tech-sector investments.
Markets took the news in stride. Both the S&amp;P 500 and Nasdaq 100 climbed to fresh record highs, lifted by solid economic data and the <a href="https://www.benzinga.com/markets/market-summary/25/07/46262523/trump-fed-policy-markets-records-vietnam-trade-deal-obbba" target="_blank" rel="noreferrer noopener">promise of policy stability</a>.
For investors, the week delivered a rare mix of bullish momentum and clear direction.
Adding to the surprise, Trump unveiled a <a href="https://www.benzinga.com/news/politics/25/07/46241070/trumps-vietnam-trade-deal-with-40-tax-on-transshipments-may-result-in-chinese-backlash-say-economists-they-want-inflation" target="_blank" rel="noreferrer noopener">new trade deal with Vietnam</a>. The agreement imposes steep tariffs—20% on Vietnamese imports and 40% on transshipped goods—but opens up full access for U.S. companies to Vietnam&#8217;s domestic market, a major win for American exporters, especially in consumer tech and electronics.
Technology
Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;CEO&nbsp;Jensen Huang stock just closed at&nbsp;$159.34&nbsp;on Thursday, less than&nbsp;3%&nbsp;shy of the historic<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46261478/nvidias-4t-countdown-will-next-weeks-chart-print-a-trillion-dollar-breakout" rel="noreferrer noopener">&nbsp;$4 trillion&nbsp;market cap milestone.</a>
If it hits&nbsp;$164, it&#8217;ll become the first chipmaker — and only the second U.S. company after&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) – to touch that number.
Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is rolling out a new feature with&nbsp;iOS 26&nbsp;that aims to curb spam by automatically filtering and silencing unwanted<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46258668/apples-ios-26-will-silence-spam-texts-automatically-with-new-messages-update-that-filters-unknown-senders-into-hidden-folders" rel="noreferrer noopener"> texts in its&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46258668/apples-ios-26-will-silence-spam-texts-automatically-with-new-messages-update-that-filters-unknown-senders-into-hidden-folders" rel="noreferrer noopener">Messages</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46258668/apples-ios-26-will-silence-spam-texts-automatically-with-new-messages-update-that-filters-unknown-senders-into-hidden-folders" rel="noreferrer noopener">&nbsp;app.</a>
As part of the iOS 26 update, Apple is getting an enhanced spam screening tool within its Messages app
Alphabet&#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 has been hit with an antitrust complaint by a group of independent publishers<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46263522/googles-ai-overviews-features-sparks-new-antitrust-battle-with-european-publishers-report" rel="noreferrer noopener"> from the European Union.</a>
The complaint is related to Google&#8217;s AI Overviews, a feature that provides AI-generated summaries above traditional hyperlinks in search results.
Alibaba Group Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) announced a strategic partnership with website builder&nbsp;Wix.com Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) to simplify global commerce for entrepreneurs and small businesses <a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46226194/whats-going-on-with-alibaba-stock-today" rel="noreferrer noopener">in more than 200 markets.</a>
Alibaba Group announced the pricing of HK$12.023 billion ($1.5 billion) in zero-coupon exchangeable bonds due 2032, marking the Chinese e-commerce giant&#8217;s latest move to fuel its artificial intelligence<a href="https://www.benzinga.com/markets/equities/25/07/46257814/alibaba-prices-1-5-billion-via-zero-coupon-bonds-to-fund-ai-cloud-push" target="_blank" rel="noreferrer noopener"> and cloud expansion strategy.</a>
President&nbsp;Donald Trump&nbsp;said the U.S. is&nbsp;poised to resume negotiations&nbsp;with China as early as Monday or Tuesday over a potential deal involving<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46263734/trump-says-we-pretty-much-have-a-deal-as-he-reveals-us-will-resume-tiktok-deal-talks-with-china-soon" rel="noreferrer noopener"> TikTok&#8217;s U.S. operations.</a>
Artificial Intelligence (AI)
OpenAI CEO&nbsp;Sam Altman&nbsp;said AI can now perform entry-level employee tasks, while Gen Z workers increasingly view artificial intelligence as a workplace companion rather than competition, as tech leaders predict the first billion-dollar <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45809827/sam-altman-says-ai-can-replace-interns-but-gen-z-is-already-treating-it-like-a-work-buddy" rel="noreferrer noopener">single-person company could emerge next year.</a>
Apple&nbsp;has the&nbsp;potential to outshine Meta Platforms&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;Ray-Ban&nbsp;smart glasses, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow" rel="noreferrer noopener">says analyst&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow" rel="noreferrer noopener">Ming-Chi Kuo</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow" rel="noreferrer noopener">.</a>
Apple&nbsp;investors are waiting for signs that the company is serious about artificial intelligence, according to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46186723/apple-investors-have-shockingly-low-ai-expectations-says-gene-munster-siri-upgrade-rumors-alone-fueled-a-2-stock-jump" rel="noreferrer noopener">Deepwater Asset Management&#8217;s Gene Munster</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46186723/apple-investors-have-shockingly-low-ai-expectations-says-gene-munster-siri-upgrade-rumors-alone-fueled-a-2-stock-jump" rel="noreferrer noopener">.</a>
A report emerged that the tech giant is exploring using large language models from&nbsp;OpenAI&nbsp;or&nbsp;Anthropic&nbsp;to power a revamped version of&nbsp;Siri&nbsp;by spring 2026.
Automobiles &amp; Airlines
Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) secured a $2.8 billion contract from the U.S. Space Force to develop and produce strategic <a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46258103/boeing-wins-2-8-billion-us-space-force-contract-to-build-nuclear-resilient-satellites-for-strategic-communications" rel="noreferrer noopener">satellite communications systems.</a>
The contract covers Boeing&#8217;s Evolved Strategic Satellite Communications (ESS) program, which will deliver two satellites with options for two additional units.
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) released its second-quarter<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46221375/tesla-stock-jumps-on-strong-q2-deliveries" rel="noreferrer noopener"> production and delivery results for 2025.</a>
Tesla produced 410,244 vehicles and delivered 384,122 globally. The popular Model 3/Y vehicles accounted for the vast majority of these figures, with 373,728 deliveries for the quarter. The company also noted the deployment of 9.6 GWh of its energy storage products.
Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)&nbsp;said it produced 3,863 vehicles in the second quarter, up from 2,212 vehicles<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46235023/lucid-reports-q2-production-delivery-numbers-shares-stall" rel="noreferrer noopener"> produced in the&nbsp;first quarter.</a>
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) produced 5,979 vehicles between April and June and delivered 10,661 units<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46224223/rivians-production-dips-for-next-gen-models-volkswagen-infusion-boosts-outlook" rel="noreferrer noopener"> from its Normal, Illinois, plant. </a>Despite a planned reduction in output to prepare for its 2026 lineup, Rivian reaffirmed its full-year delivery guidance of 40,000 to 46,000 vehicles.
NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shipped 24,925 units in June, reflecting a 17.5% increase over the<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46191725/nios-june-sales-surge-as-trump-casts-doubt-on-ev-future" rel="noreferrer noopener"> same month last year.</a>
Xiaomi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) is exploring options to sell its vehicles overseas. CEO&nbsp;Lei Jun&nbsp;shared the company&#8217;s plans during a livestream.
Image: Shutterstock

Tech

General

AAPL

BABA

GOOG

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Consumer Tech News (June 30–July 4): Trump's Tax Bill Advances, S&P Hits Record, Nvidia Nears $4 Trillion, Apple Debuts iOS 26 Spam Filter

Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google has been hit with an antitrust complaint by a group of independent publishers from the European Union. The complaint is related to Google&#8217;s AI Overviews, a feature that provides AI-generated summaries above traditional hyperlinks in search results.
What Happened: According to a Reuters report, the complaint is related to Google&#8217;s AI Overviews, a feature that provides AI-generated summaries above traditional hyperlinks in search results.
The group of independent publishers has complained to the European Union, alleging that Google is exploiting its market dominance in online search.
The document said, &#8220;Google&#8217;s core search engine service is misusing web content for Google&#8217;s AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers in the form of traffic, readership and revenue loss."
The complaint, dated June 30, also states that publishers using Google Search do not have the option to opt out from their material being used for AI Overviews without losing their ability to appear in general search results.
The complainants include the Independent Publishers Alliance, the Movement for an Open Web, and the British non-profit Foxglove Legal Community Interest Company.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump&#8217;s Tax Bill Just Killed This Revenue Stream</a>
The complaint also requests an interim measure to prevent further harm to competition and ensure access to news.
Why It Matters: This complaint is the latest in a series of antitrust challenges faced by Google. The tech giant has been under increasing scrutiny for its market dominance and business practices.
In June, Google offered to <a href="https://www.benzinga.com/markets/tech/25/06/46041525/google-offers-to-boost-rivals-in-search-results-to-avoid-eu-antitrust-fine-under-digital-markets-act-report">revamp its search results</a> to avoid a hefty fine from the EU. The proposed changes were aimed at better showcasing rivals&#8217; services, addressing the European Commission&#8217;s concerns over Google&#8217;s preferential treatment of its in-house services.
Earlier, in May, a U.S. federal judge hinted at <a href="https://www.benzinga.com/news/topics/25/05/45708275/googles-monopoly-case-takes-a-turn-as-judge-considers-lighter-remedies-amid-rising-competition-from-ai-rivals-like-openai-and-perplexity">scaling back the Justice Department&#8217;s proposed remedies</a> for Google&#8217;s alleged search monopoly. The judge cited the fast-changing role of artificial intelligence in online search as a reason for potentially lighter remedies.
Despite these challenges, Google&#8217;s parent company, Alphabet, has continued to perform well. In its <a href="https://www.benzinga.com/25/04/44982688/alphabet-q1-earnings-preview-google-parent-stock-at-fork-in-the-road-while-antitrust-concerns-remain">Q1 earnings report</a> in April, the company reported strong revenue growth, driven by its advertising business. The company&#8217;s stock has also remained resilient, with analysts remaining optimistic about its long-term prospects.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="971" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50.png" alt="" class="wp-image-973370" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50.png 971w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50-768x112.png 768w" sizes="(max-width: 971px) 100vw, 971px" /></a></figure>
According to Benzinga Edge Stock Rankings, Alphabet Inc. performs well when it comes to growth and quality, but lags in momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/tech/25/07/46237552/joe-rogan-once-said-he-started-doubting-the-apollo-missions-after-covid-19-compared-post-flight-pres">Joe Rogan Once Said He Started Doubting The Apollo Missions After COVID-19, Compared Post-Flight Press Conference To A &#8216;Hostage Video&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JHVEPhoto / Shutterstock.com

Google's AI Overviews Features Sparks New Antitrust Battle With European Publishers: Report

Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) CEO Jim Farley didn't just question Tesla Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) approach to autonomy—he challenged the<a href="https://www.benzinga.com/markets/tech/25/06/46156654/ford-ceo-jim-farley-believes-waymos-approach-makes-more-sense-than-elon-musk-led-teslas-when-you-have-a-brand-like-ford-you-have-to-be-really-careful"> logic behind betting on it</a>. 
Speaking at the Aspen Ideas Festival, Farley said Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo's lidar-based system makes more sense than Tesla's camera-only model, citing consumer trust and safety. But beneath the tech debate lies something even more jarring: Tesla's valuation is pricing in a robotaxi revolution that isn't here yet &#8211; and Ford just put that on blast.
Read Also: <a href="https://www.benzinga.com/markets/tech/25/07/46257394/trumps-big-bautiful-bill-passes-ev-tax-breaks-to-end-on-september-30-what-it-means-for-electric-vehicles">Trump&#8217;s &#8216;Big Bautiful Bill&#8217; Passes—EV Tax Breaks To End On September 30: What It Means For Electric Vehicles</a>
<h2 class="wp-block-heading">Tesla's Vision, Ford's Caution</h2>
While Elon Musk is rolling out camera-only robotaxis in Austin, Ford's message is clear: lidar is a safety non-negotiable, and fully autonomous systems aren't viable &#8211; yet. 
Farley even went so far as to say Ford gave up chasing Level 4 autonomy and instead is focused on "eyes-off" highway driving. Translation: we're going for realistic, not sci-fi.
<h2 class="wp-block-heading">Now Enter The Valuation Trap</h2>
Tesla is valued like it's already conquered autonomy:
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Market Cap</th>
<th>Forward P/E</th>
<th>EV/EBITDA</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tesla</td>
<td>$1.02 trillion</td>
<td>163.9x</td>
<td>72.9x</td>
</tr>
<tr>
<td>Alphabet (Waymo parent)</td>
<td>$2.17 trillion</td>
<td>19.1x</td>
<td>14.0x</td>
</tr>
<tr>
<td>Ford</td>
<td>$50 billion</td>
<td>6.7x</td>
<td>10.3x</td>
</tr>
</tbody>
</table>
</figure>
Data Source: <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0704">Benzinga Pro</a>
Tesla trades at a forward P/E nearly 9x Alphabet's, and over 24x Ford's, yet the revenue impact from autonomy remains negligible. Tesla bulls argue the robotaxi future justifies the premium. 
But if even legacy automakers like Ford are backing off full autonomy, that future may be farther out than markets want to admit.
<h2 class="wp-block-heading">Alphabet: The Underrated Value Play</h2>
While Farley prefers Waymo&#8217;s approach, Alphabet may be the real value winner. Waymo logs over 250,000 paid rides a week, operates commercially, and doesn't carry Tesla's pricing risk. 
And Alphabet's core business still trades at less than 20x forward earnings.
Ford didn't just throw shade on Tesla's tech—it threw cold water on Tesla's valuation story. Robotaxis might be the future, but for now, Alphabet offers the smarter, cheaper, and more grounded ride.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46259886/elon-musks-tesla-is-a-multi-trillion-dollar-opportunity-but-short-term-outlook-is-shaky-says-expert">Elon Musk&#8217;s Tesla Is A &#8216;Multi-Trillion-Dollar Opportunity,&#8217; But Short-Term Outlook Is &#8216;Shaky,&#8217; Says Expert</a></li>
</ul>
Image: Shutterstock

Long Ideas

Trading Ideas

Forget Robotaxis - Ford Just Drove Straight Into Tesla's Valuation Problem

As Americans set off fireworks for the Fourth, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/topic/jensen-huang">CEO Jensen Huang</a> might need a bigger sparkler. The stock just closed at $159.34 on Thursday, less than 3% shy of the historic $4 trillion market cap milestone. If it hits $164, it'll become the first chipmaker — and only the second U.S. company after Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) &#8211; to touch that number. 
That's not just bullish momentum. That's a whole new orbit.
<h2 class="wp-block-heading">The Fundamental Setup</h2>
After a brief tariff tantrum over AI chip restrictions to China, Nvidia didn't just bounce back &#8211; it rocketed. A Morgan Stanley note this week citing "very strong demand for all Blackwell form factors" poured fuel on the fire,<a href="https://www.theinformation.com/articles/nvidia-nears-4-trillion-market-cap"> reported</a> The Information. And while China sales are under pressure, Europe is stepping up: Nvidia's slew of new partnerships with European AI developers could be the offset investors needed.
Read Also: <a href="https://www.benzinga.com/markets/equities/25/07/46259795/everyone-talked-about-nvidia-apple-and-tesla-but-this-one-tech-stock-has-left-them-all-behind-in-2025">Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025</a>
<h2 class="wp-block-heading">Competitive Smoke, No Fire</h2>
Despite whispers of rivals like Microsoft and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google designing custom AI chips, none have dented Nvidia's dominance. In fact:
<ul class="wp-block-list">
<li>OpenAI walked back TPU hype, saying no plans to scale Google's chips.</li>
<li>Microsoft hit delays in developing its own silicon.</li>
<li>Even Apple's AI efforts remain niche, not threatening.</li>
</ul>
<h2 class="wp-block-heading">Valuation? Still Reasonable</h2>
For skeptics calling this a bubble, here's the kicker: Nvidia trades at a discount to Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and close enough to Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) on forward earnings. Per <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0704">Benzinga Pro</a> data, NVDA stock currently trades at a forward earnings ratio of 36.63, while AMD and AVGO trade at 37.18 and 32.89 P/E (forward), respectively.
In a market where megacap stocks are routinely accused of being overpriced, Nvidia's numbers remain surprisingly grounded &#8211; if not a bargain, then at least justifiable.
<h2 class="wp-block-heading">Trading Idea: Long Into the $4 Trillion Launchpad</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0704"><img loading="lazy" decoding="async" width="629" height="484" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04085314/Screenshot-2025-07-04-at-4.32.19-PM-1.png" alt="" class="wp-image-973148" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04085314/Screenshot-2025-07-04-at-4.32.19-PM-1.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04085314/Screenshot-2025-07-04-at-4.32.19-PM-1-300x231.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0704">Chart created using Benzinga Pro</a>
For those looking for ways to trade/position for the $4 trillion Nvidia moment, you could consider:
<ul class="wp-block-list">
<li>Accumulate Zone: Accumulating on any dip below $158 if markets stay risk-on.</li>
<li>Breakout Trade: Watching any breakout above $164 closely, targeting $170+ short-term.</li>
<li>Risk Management: Place stop-loss near $152; reevaluate on new China-related headlines.</li>
</ul>
AI may be the buzzword, but Nvidia's grip on the real infrastructure behind the hype hasn't loosened one bit. With competitive threats fizzling and new demand corridors opening in Europe, the next few days could deliver a firecracker of a milestone: $4 trillion — and counting.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46251674/the-inverse-cramer-ai-play-how-nebius-combines-tesla-vibes-with-nvidia-muscle">The Inverse Cramer AI Play: How Nebius Combines Tesla Vibes With Nvidia Muscle</a></li>
</ul>
Image: Shutterstock

Technicals

AVGO

Nvidia's $4T Countdown: Will Next Week's Chart Print A Trillion-Dollar Breakout?

As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) turned the most valuable publicly traded company on Thursday, inching closer to a $4 trillion market capitalization, this multinational technology company, nicknamed &#8216;Big Blue,&#8217; has outperformed the Magnificent 7 and the Jensen Huang-led tech giant in 2025.
What Happened: International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has quietly outpaced the gains in Magnificent 7 stocks on a year-to-date basis, emerging as one of the most profitable artificial intelligence plays this year.
IBM&#8217;s generative AI book of business has <a href="https://www.benzinga.com/content/46151129/is-ibms-ai-transformation-powering-a-sustained-rally">surpassed $5 billion since its inception</a>, a clear indicator of customer demand. The stock has returned 32.75% YTD, higher than Nvidia&#8217;s 15.20% gains and also much higher than all the other Magnificent 7 stocks.
Even on a five-year basis, IBM has outperformed four out of seven Mag 7 components.
Moreover, the stock has also gained more than the exchange-traded fund tracking the Magnificent 7 stocks, Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>).
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
<td>Five-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>15.20%</td>
<td>26.63%</td>
<td>1558.06%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>-12.43%</td>
<td>-5.65%</td>
<td>134.59%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>19.17%</td>
<td>6.69%</td>
<td>141.85%</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>1.45%</td>
<td>11.70%</td>
<td>54.60%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>-5.29%</td>
<td>-5.94%</td>
<td>146.52%</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>19.99%</td>
<td>33.17%</td>
<td>208.03%</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-16.86%</td>
<td>25.38%</td>
<td>291.35%</td>
</tr>
<tr>
<td>Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>)</td>
<td>3.27%</td>
<td>14.47%</td>
<td>123.1% (Since 2023)</td>
</tr>
<tr>
<td>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</td>
<td>32.75%</td>
<td>65.87%</td>
<td>155.37%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46258864/ray-dalio-warns-us-debt-per-family-will-rise-85-to-425000-over-next-10-years-as-house-passes-trumps-big-beautiful-bill">Ray Dalio Warns US Debt Per Family Will Rise 85% To $425,000 Over Next 10 Years As House Passes Trump&#8217;s &#8216;Big Beautiful Bill&#8217;</a>
Why It Matters: Apart from AI, IBM also emerged as one of the top investors alongside 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>), making significant investments in the <a href="https://www.benzinga.com/markets/equities/25/06/45901958/ibm-google-emerge-as-top-investors-in-quantum-computing-with-most-patents-issued-in-2025-only-two-companies-seriously-investing-says-martin-shkreli">quantum computing space</a> on a year-to-date basis.
According to the data shared by Martin Shkreli in mid-June, there was a steep drop in the number of quantum computing patents issued after IBM and Google, suggesting that other companies are either smaller players or not prioritizing quantum computing as heavily.
Meanwhile, highlighting the tariff impact during the <a href="https://www.benzinga.com/markets/equities/25/04/44972416/ibm-plays-down-trump-tariff-concerns-doge-could-affect-consulting-business-but-its-us-federal-business-is-less-than-5-says-ceo">first quarter earnings call</a>, IBM's CFO and Senior Vice President, James Kavanaugh, said that the company was exploring alternatives to mitigate any indirect effects because the direct tariff impact was "minimal." 
"Goods imported to the U.S. represent less than 5% of our overall spend, and under current U.S. tariff policy, the impact to IBM is minimal. While we have limited direct exposure outside the United States, we are tactically evaluating alternative sources and other strategies to mitigate tariffs," he said.
Talking about the impact of DOGE-related initiatives, its Chairman, President, and CEO, Arvind Krishna, highlighted that its consulting business was "susceptible to discretionary pullbacks and DOGE-related initiatives."
The company is set to report its <a href="https://newsroom.ibm.com/2024-07-10-IBM-to-Announce-Second-Quarter-2024-Financial-Results#:~:text=ARMONK%2C%20N.Y.%2C%20July%2010%2C,at%205%3A00%20p.m.%20ET">second-quarter earnings</a> on July 24. -.
Benzinga Edge Stock Rankings shows that IBM had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid, and its value ranking was poor at the 17.38th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="159" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04062451/IBM-Edge-New-1024x159.png" alt="" class="wp-image-973084" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04062451/IBM-Edge-New-1024x159.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04062451/IBM-Edge-New-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04062451/IBM-Edge-New-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04062451/IBM-Edge-New.png 1279w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Price Action: On the truncated trading day of July 3rd, 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, scaled fresh records and ended higher. The SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro </a>data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if" target="_blank" rel="noreferrer noopener">Dan Ives Urges Apple ‘To Make A Move,' Saying That Perplexity Acquisition Is ‘A No-Brainer': ‘It's A Matter Of When And Not If'</a></li>
</ul>
Photo courtesy: MacroEcon / Shutterstock.com

Equities

AMZN

MAGS

Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025

Elon Musk&#8216;s artificial intelligence startup xAI has hired Katie Miller, wife of President Donald Trump&#8216;s Deputy Chief of Staff Stephen Miller, as a communications manager just as the company secured a controversial permit for its Memphis data center operations.
What Happened: The Shelby County Health Department on Wednesday approved xAI&#8217;s application to <a href="https://www.benzinga.com/markets/tech/25/07/46257227/elon-musks-xai-secures-permit-to-burn-natural-gas-for-grok-supercomputer-in-memphis-amid-clean-air-act-lawsuit-pollution-complaints">operate 15 natural gas-burning turbines</a> at its Colossus supercomputer facility, despite months of community protests over air quality concerns. 
The permit includes emissions limits and testing requirements, with penalties reaching $10,000 per day for non-compliance.
Katie Miller, a seasoned political operative who previously worked at the Department of Government Efficiency, announced the permit approval in a rare email to reporters from her xAI corporate address, <a href="https://fortune.com/2025/07/03/katie-miller-trump-white-house-elon-musk-xai/">reported</a> Fortune. The communication marked an unusual departure for Musk&#8217;s companies, which disbanded media relations teams years ago and typically communicate only through social media.
&#8220;xAI welcomes today&#8217;s decision by the Shelby County Health Department,&#8221; Miller wrote. &#8220;Our onsite power generation will be equipped with state-of-the-art emissions control technology, making this facility the lowest emitting of its kind in the country.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46259176/trumps-decision-to-end-tax-free-loophole-for-low-value-goods-from-china-leads-to-a-sharp-decline-in-air-cargo-shipments">Trump&#8217;s Decision To End Tax-Free Loophole For Low-Value Goods From China Leads To A Sharp Decline In Air Cargo Shipments</a>
Why It Matters: Miller&#8217;s hiring comes amid growing tensions between Trump and Musk. She departed the White House in May to work full-time for Musk&#8217;s ventures, according <a href="https://edition.cnn.com/politics/live-news/trump-presidency-news-05-28-25#cmb8dqgz400003b6siifazr80">to</a> CNN, while her husband remains with the Trump administration. The relationship between the two billionaires has deteriorated, with Musk recently threatening to fund a rival political party.
The Memphis facility powers xAI&#8217;s Grok AI model and represents Musk&#8217;s direct challenge to OpenAI&#8216;s ChatGPT and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Gemini. The company recently raised $10 billion in debt and equity, with discussions underway for an additional $20 billion equity round that <a href="https://www.benzinga.com/markets/tech/25/07/46187301/elon-musks-xai-secures-10-billion-in-debt-and-equity-amid-soaring-burn-rate-as-ai-arms-race-intensifies">could value xAI at over $120 billion</a>.
The Memphis supercomputer utilizes primarily NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GPUs, with additional chips from Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). Musk plans to <a href="https://www.benzinga.com/markets/tech/25/07/46257227/elon-musks-xai-secures-permit-to-burn-natural-gas-for-grok-supercomputer-in-memphis-amid-clean-air-act-lawsuit-pollution-complaints">deploy 1 million GPUs at the facility</a>, with acquisition costs estimated between $30 billion and $40 billion, according to analyst Gene Munster.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46258103/boeing-wins-2-8-billion-us-space-force-contract-to-build-nuclear-resilient-satellites-for-strategic-communications">Boeing Wins $2.8 Billion US Space Force Contract To Build Nuclear-Resilient Satellites For Strategic Communications</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JRdes / Shutterstock.com

Elon Musk's xAI Hires Trump Aide Stephen Miller's Wife Katie Amid Controversial Memphis Data Center Permit Win

Elon Musk's artificial intelligence startup xAI has received official approval to operate natural gas-burning turbines at its <a href="https://www.benzinga.com/tech/25/04/45100013/elon-musks-xai-supercomputer-powering-grok-faces-human-rights-violation-allegations-in-memphis-over-pollution-from-unauthorized-gas-turbines">Memphis-based supercomputer</a> facility, despite community backlash and an ongoing lawsuit over air quality concerns.
What Happened: The Shelby County Health Department issued the permit on Wednesday, allowing xAI to operate 15 gas turbines at its Colossus data center, which powers the Grok AI model, <a href="https://www.cnbc.com/2025/07/03/musks-xai-gets-permit-for-turbines-to-power-supercomputer-in-memphis.html">reported</a> CNBC.
The permit enforces emissions limits and testing requirements, with non-compliance penalties reaching $10,000 per day.
Local residents have protested the project for months, citing a strong odor and <a href="https://www.benzinga.com/markets/tech/25/06/46012282/elon-musks-xai-may-face-clean-air-act-lawsuit-over-alleged-pollution-at-memphis-data-center">poor air quality</a> that reportedly worsened after the turbines were activated. The NAACP, represented by the Southern Environmental Law Center, has filed a lawsuit against xAI, claiming the company violated the Clean Air Act.
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-o" target="_blank" rel="noreferrer noopener">Trump Says He'll Skip Trade Deals, Set Global Tariffs With A Letter: ‘Pay A 25% Tariff, Or 20%, Or 40 Or 50%'</a>
Satellite images taken Tuesday reportedly show 24 turbines at the site, exceeding the permitted number. Previously, the site hosted as many as 35 turbines, with more than 15 operating at once, the report said.
Why It's Important: xAI's Memphis supercomputer is central to Musk's ambitions to compete with OpenAI's ChatGPT and 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>) Google's Gemini.
Earlier this week, it was announced that xAI has <a href="https://www.benzinga.com/markets/tech/25/07/46187301/elon-musks-xai-secures-10-billion-in-debt-and-equity-amid-soaring-burn-rate-as-ai-arms-race-intensifies">raised $10 billion in debt</a> and equity.
The company is also reportedly in discussions to raise around $20 billion in equity funding, which could value it at over $120 billion, with some investors estimating its worth could reach as high as $200 billion.
Previously, Musk revealed that xAI plans to deploy 1 million GPUs near Memphis. Most of these GPUs will be sourced from Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), according to Gene Munster, with a smaller share coming from Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Munster added that the total cost of acquiring these chips could range from <a href="https://www.benzinga.com/25/05/45534923/elon-musks-xai-plans-3040-billion-gpu-buy-near-memphis-nvidia-set-to-be-the-biggest-winner-says-top-analyst">$30 billion to $40 billion</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/tech/25/06/46186013/mark-zuckerberg-once-predicted-that-this-technology-would-replace-your-phone-a-decade-later-how-far-" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Once Predicted That This Technology Would Replace Your Phone — A Decade Later, How Far Is Meta From Delivering On A ‘More Natural' Future</a></li>
</ul>
Photo Courtesy: JRdes on Shuttertsock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Media

Elon Musk's xAI Secures Permit To Burn Natural Gas For Grok Supercomputer In Memphis Amid Clean Air Act Lawsuit, Pollution Complaints

Donald Trump has turned his attention to 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>) as settlement talks progress in <a href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu">his lawsuit against</a> YouTube, a subsidiary of Google, following multimillion-dollar payouts from Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and X, formerly Twitter, over similar claims of political censorship.
What Happened: Trump sued YouTube, along with its CEO Sundar Pichai, in 2021 after the platform banned his account in the wake of the Jan. 6 Capitol riot.
The lawsuit alleges that YouTube engaged in "impermissible censorship" under pressure from U.S. political leaders, violating Trump's First Amendment rights.
Court filings from late May reveal that both sides are now in "productive discussions" and requested a delay in proceedings until Sept. 8, <a href="https://thehill.com/policy/technology/5384572-youtube-trump-january-6-ban-lawsuit/">reported</a> The Hill.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46132007/amazon-google-not-far-behind-but-dan-ives-says-microsoft-clearly-leading-in-these-segments-600-price-target-is-probably-conservative" target="_blank" rel="noreferrer noopener">Amazon, Google Not Far Behind, But Dan Ives Says Microsoft ‘Clearly Leading' In These Segments — $600 Price Target Is ‘Probably' Conservative</a> &nbsp;"The parties have engaged in productive discussions regarding next steps in this case, with additional discussions anticipated in the near future," the filing stated.
Why It's Important: Earlier this year, Mark Zuckerberg's Meta <a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments">paid $25 million</a> and Elon Musk's X paid <a href="https://www.benzinga.com/news/legal/25/02/43680987/elon-musks-x-to-pay-trump-10-million-over-twitter-ban-after-zuckerbergs-meta-coughed-up-25-million-who-else-is-left">$10 million to settle</a> similar lawsuits with Trump.
Earlier this week, Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) also agreed to pay <a href="https://www.benzinga.com/news/legal/25/07/46212970/trump-wins-16-million-settlement-from-paramount-over-cbs-60-minutes-kamala-harris-interview-but-no-apology-issued">$16 million to resolve</a> a lawsuit brought by Trump regarding a "60 Minutes" interview featuring then–Vice President Kamala Harris.
However, the company did not offer an apology or acknowledge any wrongdoing as part of the settlement.
Price Action: Alphabet Inc.'s Class A shares slipped 0.017% in after-hours trading, and its Class C shares edged down 0.0055%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a favorable trend for GOOGL across the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03212155/Screenshot-2025-07-04-at-6.48.38%E2%80%AFAM.png" alt="" class="wp-image-972702" /></a></figure>
Photo Courtesy: Joey Sussman on Shutterstock.com
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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.

Legal

PARA

PARAA

Sundar Pichai Next? Trump's Next Big Tech Payday Could Be From YouTube After Settling Lawsuits With Meta And X: 'Productive Discussions' Underway

Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is underperforming its <a target="_blank" href="https://www.benzinga.com/topic/amazon" rel="noreferrer noopener">tech peers in 2025</a>, trailing the broader market amid intensifying competition in artificial intelligence and cloud infrastructure.
While the S&amp;P 500 has gained around 7% year-to-date and the Nasdaq-100 has risen by 9%, Amazon shares are up just under 2%, underwhelming against the backdrop of a high-growth AI cycle.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), in contrast, has surged over 19% driven by strong Azure growth and AI integration across products. Microsoft&#8217;s success is partly due to its existing enterprise relationships and strategic AI investments, particularly in OpenAI, which have integrated well with Azure&#8217;s offerings.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45982631/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce" target="_blank" rel="noreferrer noopener">Amazon CEO Says Generative AI Will Reduce Total Corporate Workforce</a>
<h2 class="wp-block-heading">Amazon&#8217;s Expanding Footprint And Its AI Bet</h2>
Amazon, which began as an online bookstore, has grown into a sprawling conglomerate spanning e-commerce, cloud computing, advertising, streaming, and logistics. In the <a target="_blank" href="https://ir.aboutamazon.com/quarterly-results/default.aspx" rel="noreferrer noopener">last five years</a>, Amazon&#8217;s revenue from third-party seller services, advertising, subscription services, and Amazon Web Services (AWS) has all achieved double-digit growth.
AWS, which runs data centers and provides software tools, generated 16-17% of the company&#8217;s revenue in the last three years, accounting for ~60% or more of its operating income. In a bid to solidify its role in the AI infrastructure arms race, Amazon has committed $100 billion to <a target="_blank" href="https://www.benzinga.com/markets/25/02/43550696/amazon-to-pour-nearly-100-billion-into-ai-in-2025-surpassing-microsoft-and-alphabet-andy-jassy-says-cost-of-inference-will-meaningfully-come-down-amid-deepseek-worries" rel="noreferrer noopener">artificial intelligence initiatives for 2025</a>, surpassing Google parent Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) $75 billion and Microsoft&#8217;s $80 billion.
AWS unit CEO Matt Garman <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/05/45702458/amazon-expands-global-data-centers-boosts-access-to-nvidia-ai-chips-for-cloud-customers" rel="noreferrer noopener">told Bloomberg in</a> May that it is rapidly expanding its global server farm footprint and increasing access to Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) latest AI chips. AWS opened a new data center cluster in Mexico in 2025 and is building additional facilities in Chile, New Zealand, Saudi Arabia, and Taiwan.
Garman highlighted the strong demand for AI infrastructure and confirmed that AWS is working with Nvidia to grow its supply of GB200 semiconductors for customer testing. He also welcomed the opportunity to host OpenAI&#8217;s models on AWS.
Brian White of Monness Crespi Hardt emphasized AWS <a href="https://www.benzinga.com/25/03/44488542/amazons-ai-cloud-strategy-to-stay-strong-amid-near-term-turbulence-says-analyst-aws-remains-well-positioned-for-long-term-ai-trends" target="_blank" rel="noreferrer noopener">already benefits from</a> training large language models and expects that momentum to grow. White believes the platform is well-positioned for growth in AI inference, a rapidly expanding segment of the cloud market.
Mark Mahaney of Evercore ISI has named Amazon his top stock pick, citing &#8220;strong AI-driven cloud potential&#8221;. Wedbush&#8217;s Dan Ives noted rising enterprise demand for AI infrastructure, with Amazon among the top hyperscale providers alongside Microsoft and Google.
<h2 class="wp-block-heading">Robotics, Prime, And Profitability</h2>
Cost efficiency also remains in focus. Bank of America analysts estimate that Amazon&#8217;s integration of <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45727360/amazon-analyst-sees-robotics-unlocking-billions-in-savings" target="_blank" rel="noreferrer noopener">robotics and AI</a> could lead to $16 billion in annual cost savings by 2032. The company currently has over 750,000 robots assisting with 75% of customer orders. The company currently has over 750,000 robots assisting with 75% of customer orders.
J.P. Morgan analyst Doug Anmuth identified Amazon Prime as the company&#8217;s most valuable strategic asset. He projected that Amazon is likely to raise the price of Prime membership in 2026, consistent with its historical four-year pricing pattern. Anmuth believes a $20 increase could yield $3 billion in annual revenue, without significantly affecting subscriber retention.
Amazon&#8217;s Prime Day 2025 event is scheduled to begin on July 8 and will run for four days, with deals across more than 35+ categories, including new segments like groceries and travel. Bank of America analyst Justin Post expects tools like Alexa+ and Rufus to drive Prime Day gross merchandise value to $21.4 billion, a 60% increase over the previous year.
<h2 class="wp-block-heading">Market Sentiment</h2>
Amazon.com currently has a <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings" target="_blank" rel="noreferrer noopener">consensus price forecast</a> of $246 based on 39 analyst ratings. The highest forecast came from Tigress Financial, which set a forecast of $305 on May 6, 2025. Raymond James set the lowest forecast at $195 on April 21, 2025. These estimates average out to $246.67, indicating a potential upside of 10.54%.
<h2 class="wp-block-heading">Analyst Views On Microsoft&#8217;s AI Position</h2>
Analysts remain positive on Microsoft&#8217;s <a href="https://www.benzinga.com/markets/tech/25/07/46204491/microsofts-ai-and-cloud-scale-drives-market-beating-returns" target="_blank" rel="noreferrer noopener">long-term prospects</a> in AI. Derrick Wood of TD Cowen said the company is &#8220;well-positioned in key secular growth markets.&#8221; Brad Sills of Bank of America referred to Microsoft as &#8220;the leading AI player in applications and infrastructure.&#8221; Kash Rangan of Goldman Sachs forecast Microsoft Cloud revenue will surpass $300 billion by fiscal 2029, citing its AI pricing strategy. Dan Ives of Wedbush projected Microsoft will reach a $4 trillion market cap this summer and $5 trillion within 18 months, driven by AI momentum.
Price Action: AMZN stock is trading lower by 0.13% to $223.13 at last check Thursday.
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</ul>
Image via Shutterstock

Movers

Why Amazon Lags Its Peers In 2025

Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has demonstrated significant momentum, with its stock surging 43.4% in the last three months and 99% over the past year.
The company&#8217;s market cap recently reached half a trillion dollars (its current market cap is $552 billion), as its stock hit a 52-week high of $1,341.
This impressive growth is fueled by a robust content strategy, including hits like Squid Game and Stranger Things, the successful integration of NFL games, a burgeoning ad-supported tier, and an effective crackdown on password sharing.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42791013/netflixs-strong-execution-and-innovative-content-strategy-impress-analyst" rel="noreferrer noopener">Bearish Analyst Regrets Not Upgrading Netflix To Buy In 2023</a>
<h2 class="wp-block-heading">Earnings</h2>
The streaming giant&#8217;s <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/04/44877995/netflix-crushes-q1-says-its-working-hard-to-improve-and-expand-its-offering" rel="noreferrer noopener">first-quarter revenue</a> climbed 12.5% year over year to $10.54 billion, exceeding Street estimates. Earnings per share, at $6.61, similarly beat expectations.
Netflix anticipates continued strong performance, projecting second-quarter revenue of $11.04 billion (up 15.4% year over year) and maintaining its full-year revenue guidance of $43.5 billion—$44.5 billion.
Live events are a key focus, with WWE RAW consistently ranking in Netflix&#8217;s global top 10, alongside upcoming boxing matches and a second NFL Christmas Day game in 2025. The recent premiere of Squid Game Season 3 and its companion game, Squid Game: Unleashed, further solidify its content dominance.
<h2 class="wp-block-heading">Analyst Opinion</h2>
Analysts remain bullish, with a <a target="_blank" href="https://www.benzinga.com/quote/NFLX/analyst-ratings" rel="noreferrer noopener">consensus price forecast</a> of $1,153 from 32 analysts and a high of $1,600 from Pivotal Research on June 20, 2025.
With an average price forecast of $1508.33 between Pivotal Research, Wells Fargo, and Oppenheimer, there&#8217;s an implied 12.73% upside for Netflix from these most recent analyst ratings.
In April, Bank of America Securities (BofA) analyst Jessica Reif Ehrlich forecasted Netflix <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44826592/netflix-wants-to-be-the-next-1-trillion-company-analyst-highlights-growth-path" rel="noreferrer noopener">to reach a $1 trillion</a> valuation by 2030, driven by advertising, global expansion, and subscriber growth.
Netflix&#8217;s ad-supported plan now reaches 94 million monthly users, boosting its appeal to advertisers, especially among 18–34-year-olds, Ehrlich had said.&nbsp;
Netflix&#8217;s market capitalization of $552 billion significantly surpasses Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) $223 billion, despite Disney&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46148033/can-disneys-experiences-segment-truly-bring-the-magic-back-for-investors" rel="noreferrer noopener">recent 27% surge</a> primarily due to its Experiences segment.
Comcast Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>),&nbsp;Verizon Communications&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and&nbsp;AT&amp;T&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) have indeed faced subscriber losses in their video services due to the rise of Netflix and other streaming services.
This reflects a broader trend, as <a target="_blank" href="https://www.benzinga.com/news/entertainment/25/06/45978982/streaming-dethrones-tv-giants-netflix-youtube-lead-the-takeover" rel="noreferrer noopener">Nielsen reports</a> streaming viewership, led by Netflix and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (GOOG) YouTube, now accounts for 44.8% of total TV time, surpassing broadcast and cable combined.
Price Action: NFLX stock is trading lower by 0.16% to $1,295 at last check Thursday.
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</ul>
Photo via Shutterstock

CMCSA

NFLX

Netflix Is Worth Half Trillion And One Analyst Forecasts Trillion Dollar Valuation

The world's richest person is worth less in 2025 than at the end of 2024, with Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk seeing his wealth take a hit as <a href="https://www.benzinga.com/news/politics/25/07/46227172/musk-net-worth-drops-12-billion-after-new-trump-battle-tesla-ceo-is-still-77-times-richer-than-president" target="_blank" rel="noopener">he battles with </a>President Donald Trump.
What Happened: The share price of Tesla has been highly volatile since Trump won the<a href="https://www.benzinga.com/news/management/24/12/42444955/elon-musk-first-person-worth-400-billion-as-tesla-stock-hits-new-all-time-highs-how-2024-election-helped-could-lead-to-future-gains"> 2024 presidential election.</a>
Tesla shares hit new all-time highs in December 2024, driven by optimism for the electric vehicle leader and the strong relationship between Musk and Trump, which could help address regulatory issues and attract new fans. Tesla stock also traded over $400 at the start of 2025.
Musk's work done with the government through the Department of Government Efficiency led to a call for boycotts against Tesla, and may be a reason for the weakened demand globally in 2025.
Several recent falling outs between Musk and Trump have caused Tesla shareholders to worry about the future and have led to a significant decline in Musk&#8217;s wealth in 2025.
Musk is worth an estimated $361 billion according to Bloomberg. While that figure is significant and higher than second-place Mark Zuckerberg ($252 billion), it is down $71.2 billion year-to-date in 2025.
For context, Musk has lost more in his net worth in 2025 than the next seven highest 2025 decliners combined, who are listed below with their rank on the list, net worth and YTD decline.
<ul class="wp-block-list">
<li>273. Dustin Moskovitz, Facebook co-founder, Asana Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) founder: $11.4 billion, -$16.9 billion YTD</li>
<li>7. Bernard Arnault, LVMH (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>) CEO: $162 billion, -$14.4 billion YTD</li>
<li>168. Mike Sabel, Venture Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) co-founder: $15.3 billion, -9.4 billion YTD</li>
<li>169. Bob Pender, Venture Global co-founder: $15.3 billion, -$9.4 billion YTD</li>
<li>9. Sergey Brin, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) co-founder: $152 billion, -$6.6 billion</li>
<li>8. Larry Page, Alphabet Inc co-founder: $162 billion, -$6.5 billion</li>
<li>189. Sukanto Tanoto, Royal Golden Eagle founder: $14.1 billion, -$6.3 billion</li>
</ul>
Musk has lost more wealth than these seven individuals combined. In fact, the $71.2 billion drop in his net worth is so steep, it would rank as the 23rd largest fortune in the world on its own. That means in 2025 alone, Musk has lost more money than the total net worth of all but about 20 billionaires.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul class="wp-block-list">
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: Tesla stock is down 16.7% year-to-date in 2025, which has significantly impacted Musk's wealth, as he owns approximately 12% of the company. Other stakes in SpaceX and xAI have held up better but are less volatile, as they are privately held and don't experience the same valuation spikes as Tesla stock does on a day-to-day basis.  
Regardless of how much Musk and Trump are worth, the Tesla CEO&#8217;s net worth is significantly higher, but investors may soon learn which figure truly matters when it comes to valuing Tesla.
Trump has threatened to investigate the subsidies that Tesla receives and is again speaking critically of electric vehicles. Tesla investors should also keep in mind that Trump was once strongly opposed to autonomous vehicles and stated that he would ban them from the road. The president appears to have had a&nbsp;<a href="https://www.benzinga.com/politics/25/04/45022642/trump-change-of-heart-or-musk-influence-president-once-said-hed-keep-autonomous-vehicles-from-operating-on-american-roads" target="_blank" rel="noreferrer noopener">change of heart&nbsp;</a>or been influenced by Musk to make it easier to get autonomous vehicles on the road today.
Musk previously set a<a href="https://www.benzinga.com/news/23/01/30362822/elon-musk-wins-a-guinness-world-record-but-he-likely-wont-be-celebrating" target="_blank" rel="noreferrer noopener">&nbsp;Guinness World Record</a>&nbsp;in 2022 with the largest single-year wealth drop, with his net worth declining between $180 billion and $200 billion.
It is unlikely that Musk could see such a significant drop again in 2025, but continued battles between Musk and Trump could be a storyline to watch.
Read Next: 
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</ul>
Image created using photos from Shutterstock.

Education

Management

ASAN

LVMUY

Elon Musk's $71 Billion Wealth Wipeout Dwarfs Next 7 Billionaire Decliners Combined

<ul>
<li>TSLA</li>
<li>BULL</li>
<li>HOOD</li>
<li>GLD</li>
<li>NVDA</li>
<li>AAPL</li>
<li>MSFT</li>
<li>GOOG</li>
<li>ADP</li>
<li>GOOGL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

BULL

HOOD

Top 10 Trending Stocks On WallStreetBets As Of July 3, 2025 (Via Swaggy Stocks)

Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) is back in the spotlight. After a punishing stretch in 2022 and 2023, <a href="https://www.benzinga.com/topic/quantum-computing">the quantum computing firm</a> has staged a remarkable turnaround—its stock soaring more than 1,000% over the past year. Now, Wall Street is starting to take notice. On Wednesday, Cantor Fitzgerald analyst Troy Jensen initiated coverage on Rigetti with an Overweight rating and a bullish $15 price target.
Although the stocks have all experienced meaningful appreciation and are trading at steep valuations based on any near-term revenue or earnings forecast, Jensen still noted upside given the strategic value of quantum computing.
According to the analyst, of the primary technologies believed to be capable of reaching quantum status, superconducting has seen the most investment.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45353123/quantum-stocks-are-hot-in-2025-biggest-movers-to-watch" rel="noreferrer noopener">Quantum Stocks Are Hot In 2025: Biggest Movers To Watch</a>
While Rigetti is competing with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Jensen noted that this ecosystem of technology leaders will help pave the way toward quantum capabilities within superconducting and position Rigetti to benefit from the efforts of others.
The analyst applauded Rigetti&#8217;s announced partnership with Quanta Computer and noted that this strategic collaboration will help accelerate the development and commercialization of superconducting quantum computing. As part of this partnership, both companies committed to investing at least $250 million over five years, including Quanta investing $35 million in Rigetti through a stock purchase in April, he said. 
The collaboration will enable Rigetti to focus on quantum technology, while Quanta concentrates on packaging and manufacturing, leveraging their expertise in servers and notebooks, Jensen noted.
The analyst noted that after challenging 2022 and 2023, Rigetti&#8217;s share price has rallied since late 2024, increasing by approximately 1,008% over the last 52 weeks.
He said that Rigetti is in the very early innings of commercializing its technology.
Rigetti can capture 15% of the quantum hardware, software, and services market by 2035, which, at a 10% discount rate, equates to a revenue present value of $477 million, Jensen noted.
While the price performances of other pure-play quantum computing stocks are flat to up year-to-date, the analyst noted Rigetti&#8217;s 22% year-to-date correction as an opportunity to accumulate shares.
Jensen projected second-quarter revenue of $1.8 million and EPS of $(0.06).
Price Action: RGTI stock is up 10.4% at $12.52 at last check Wednesday.
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</ul>
Photo: Shutterstock

Price Target

Initiation

Analyst Ratings

INTC

RGTI

Quantum Computing's Dark Horse Rigetti Stands At The Edge Of Greatness

Truist Securities analyst Youssef Squali reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and maintains $200 price target.

Reiteration

Truist Securities Reiterates Buy on Alphabet, Maintains $200 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-07-02/uber-backed-moove-to-raise-1-2-billion-in-debt-for-waymo-fleet?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-07-02/uber-backed-moove-to-raise-1-2-billion-in-debt-for-waymo-fleet?embedded-checkout=true</a>

UBER

'Uber-Backed Moove to Raise $1.2 Billion in Debt for Waymo Fleet'- Bloomberg

Alphabet Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), one of the most dominant players in the Magnificent 7 tech group, is now trading at a price-to-earnings ratio that's historically associated with powerful stock rallies, setting up what could be<a href="https://www.benzinga.com/markets"> a rare buying opportunity.</a>
<h2 class="wp-block-heading">What Is A P/E Ratio And Why Does It Matter?</h2>
The price-to-earnings ratio (P/E) measures how much investors are willing to pay for each dollar of a company's profit. 
A lower P/E can signal that a stock is undervalued relative to its earnings, especially when compared to its historical average or industry peers.
As of July 2, Alphabet trades at 19.8 times its trailing 12-month earnings. That&#8217;s 16% below its 20-year average of 32, putting it near valuation levels rarely seen over the past two decades. 
<h2 class="wp-block-heading">How Rare Is This Valuation Level For Alphabet?</h2>
The last time Alphabet traded at this low a P/E ratio was in May 2025, when it briefly touched 17.1x. That was just shy of the record low of 16.2x seen on November 12, 2008, during the depths of the financial crisis.
Other low-P/E episodes include June 2011, March 2012 and September 2022. 
Each of those moments came before significant long-term rallies in the stock.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-1024x529.png" alt="" class="wp-image-970679" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-1536x794.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02112640/image-31-2048x1059.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">What Happened To Alphabet Stock After Previous Low P/E Readings?</h2>
Historical data suggests that buying Alphabet at discounted valuations has been a profitable long-term strategy.
Every time its price-to-earnings ratio (P/E) fell below 20 in the past two decades, investors who stayed the course for a year or more reaped far better returns than usual.
After hitting its record-low valuation in 2008, Alphabet returned 88% in just one year and 68.1% over the next two years. The post-2011 and 2012 recoveries were also strong, delivering gains of 73.2% and 71%, respectively, over the two years.
Even after the September 2022 dip, when Alphabet fell into a bear market with a P/E ratio of nearly 19, the stock rallied 32% over the next 12 months and 51.2% within 24 months.
Across the four historical periods when Alphabet traded below 20 times earnings, the average 2-year return was a remarkable 65.9%, while the 1-year gain averaged 38.5%—more than double its 20-year annualized return of 17.3%.
In contrast, short-term performance was mixed. One-month returns after low P/E events averaged -1.6%, while three-month gains averaged just 2.7%. The real upside consistently showed up after one year or more.
A look at Alphabet's past performance shows a clear pattern: the bigger gains came with patience. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Date</th>
<th>$GOOGL Price</th>
<th>1-Month (%)</th>
<th>3-Month (%)</th>
<th>6-Month (%)</th>
<th>12-Month (%)</th>
<th>24-Month (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>November 12, 2008</td>
<td>$7.28</td>
<td>4.5</td>
<td>20.2</td>
<td>32.1</td>
<td>88.0</td>
<td>68.1</td>
</tr>
<tr>
<td>June 10, 2011</td>
<td>$12.75</td>
<td>2.6</td>
<td>3.1</td>
<td>21.7</td>
<td>11.0</td>
<td>73.2</td>
</tr>
<tr>
<td>March 30, 2012</td>
<td>$16.05</td>
<td>-7.2</td>
<td>-10.9</td>
<td>16.9</td>
<td>22.9</td>
<td>71.0</td>
</tr>
<tr>
<td>September 14, 2022</td>
<td>$105.00</td>
<td>-8.1</td>
<td>-9.1</td>
<td>-10.1</td>
<td>32.0</td>
<td>51.2</td>
</tr>
<tr>
<td>March 28, 2025</td>
<td>$154.33</td>
<td>0.1</td>
<td>10.2</td>
<td>—</td>
<td>—</td>
<td>—</td>
</tr>
<tr>
<td>Average</td>
<td>—</td>
<td>-1.6</td>
<td>2.7</td>
<td>15.2</td>
<td>38.5</td>
<td>65.9</td>
</tr>
<tr>
<td>Google 20-Year Annualized Return</td>
<td>—</td>
<td>—</td>
<td>—</td>
<td>—</td>
<td>17.3</td>
<td>—</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Author&#8217;s own elaboration based on TradingView data</figcaption></figure>
<h2 class="wp-block-heading">Is Alphabet Stock Set To Rally Again?</h2>
On March 28, 2025, Alphabet was trading at $154.33 with a P/E of around 17.1. Since then, the stock has posted a modest 10.2% gain over the past three months.
While past performance doesn&#8217;t guarantee future results, the data suggests that patient investors buying at these discounted multiples have often been rewarded.
Read now: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46217099/autonomous-vehicles-best-stocks">Autonomous Vehicles Hit Their &#8216;ChatGPT Moment&#8217; — Best Stocks To Watch Now</a></li>
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Photo: Shutterstock

Large Cap

This Magnificent 7 Stock Is Absurdly Cheap – It Probably Won't Stay That Way For Long

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>GLD</li>
<li>GOOGL</li>
<li>UNH</li>
<li>BULL</li>
<li>ADP</li>
<li>HOOD</li>
<li>AAPL</li>
<li>AMD</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Top 10 Trending Stocks On WallStreetBets As Of July 2, 2025 (Via Swaggy Stocks)

Tech bull Daniel Ives has urged Tim Cook&#8216;s Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to make quick moves and acquire Perplexity AI for its search engine.
What Happened: Stating that Apple was kind of a &#8220;yawner&#8221; at the <a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">WWDC 2025</a> event, Dan Ives said the iPhone maker needs to &#8220;make a move,&#8221; in an interview with <a href="https://www.cnbc.com/video/2025/07/01/dan-ives-techs-huge-rally-will-continue-in-the-second-half-of-the-year.html">CNBC</a> during its &#8216;Power Lunch&#8217; program. 
He said that Apple&#8217;s &#8220;treadmill approach&#8221; needs to end, and it needs to eye a big splashing partnership with either&nbsp;Perplexity or Anthropic.
While Ives has previously mentioned that he expects <a href="https://www.benzinga.com/markets/equities/25/06/45899111/apple-may-end-up-acquiring-perplexity-like-it-did-with-beats-in-2014-says-dan-ives-consumers-need-reasons-to-upgrade-as-iphone-maker-falls-way-behind-in-ai-race">Apple to consider acquiring Perplexity</a>, he said in this latest conversation that &#8220;It&#8217;s a matter of when and not if, in other words, Apple needs to make a move, and it&#8217;s clear. Perplexity to me seems like a no-brainer, relative to how it would fit.&#8221; 
&#8220;Look, it&#8217;s about the developers. If you look at OpenAI, if you look at Google, if you look at Microsoft, they (Apple) need to get into the game. That is something that can&#8217;t be done in Cupertino,&#8221; he added.
He also reiterated his belief in positive upward momentum in Apple&#8217;s stock by saying that &#8220;The reason the stock can go up in the second half of the year is that I think Apple is going to make a move. I know they still haven&#8217;t done an acquisition since Beats, being the biggest one, but now is the time for Cook and Cupertino to move away from the treadmill approach.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45880840/jim-cramer-says-apple-buyback-is-not-working-right-now-michael-saylor-quips-tim-cooks-company-should-buy-bitcoin">Jim Cramer Says &#8216;Apple Buyback Is Not Working Right Now,&#8217; Michael Saylor Quips Tim Cook&#8217;s Company &#8216;Should Buy Bitcoin&#8217;</a>
Why It Matters: In an X post from June 10, Jim Cramer also advocated for more <a href="https://www.benzinga.com/markets/equities/25/06/45880840/jim-cramer-says-apple-buyback-is-not-working-right-now-michael-saylor-quips-tim-cooks-company-should-">ambitious capital allocation</a> strategies for Apple.
"I have to be critical and say they should buy Perplexity," he stated.
His advice is driven by the expected U.S. government <a href="https://www.benzinga.com/news/topics/25/05/45708275/googles-monopoly-case-takes-a-turn-as-judge-considers-lighter-remedies-amid-rising-competition-from-ai-rivals-like-openai-and-perplexity">antitrust decision against</a> 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>) Google by August 2025, which could disrupt Google's default search agreements with Apple's Safari browser.
Such a change would enable Apple to adopt Perplexity's conversational AI to enhance its competitiveness in the rapidly changing search market, Cramer explained.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I know Apple has an aversion to wanting to buy anything, i have to be critical and say they should buy Perplexity. I know they can wait until someone pays them to be their default a.i. but that&#39;s what Google did with search and the US government didn&#39;t like it, so move on and buy
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1932377641442496542?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Shares of Apple were up 0.76% in premarket on Wednesday after ending 1.29% higher on Tuesday. It fell by 14.78% on a year-to-date basis and 5.65% over the past year.
Benzinga Edge Stock Rankings shows that Apple had a weaker price trend over the medium and long term but a stronger trend over the short term. Its momentum ranking was poor, and its value ranking was also bad at the 9.05th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="156" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02061241/Apple-edge-latest-1024x156.png" alt="" class="wp-image-970106" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02061241/Apple-edge-latest-1024x156.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02061241/Apple-edge-latest-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02061241/Apple-edge-latest-768x117.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02061241/Apple-edge-latest.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, edged slightly higher on Wednesday. The SPY was up 0.097% at $618.25, while the QQQ advanced 0.05% to $547.27, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo: Shutterstock

Dan Ives Urges Apple 'To Make A Move,' Saying That Perplexity Acquisition Is 'A No-Brainer': 'It's A Matter Of When And Not If'

Venture capitalist Vinod Khosla revealed how Elon Musk&#8216;s funding withdrawal from OpenAI created the investment opportunity that led to his conviction bet on the artificial intelligence startup, according to his recent appearance on the Uncapped podcast with Jack Altman.
What Happened: Khosla, founder of Khosla Ventures, described his OpenAI investment as &#8220;more than twice the largest initial investment I&#8217;d made in four years of venture capital,&#8221; emphasizing it was a conviction play based on fundamental analysis rather than &#8220;herd mentality.&#8221; 
The investment decision came in 2018 when Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Musk failed to meet his funding commitments to OpenAI.
&#8220;When Elon backed off funding OpenAI, he committed a lot of money that he didn&#8217;t meet his commitments for, and when Sam [Altman] called me I looked at that and said &#8216;We have the right team,'&#8221; Khosla explained during the podcast.
The veteran investor expressed concerns about competitive dynamics in the AI landscape, particularly regarding Chinese company Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google. He noted that Google &#8220;was moving very slowly&#8221; while Baidu &#8220;was stealing Google&#8217;s people by setting up an office down the street and stealing their expertise.&#8221;
See Also: <a href="https://www.benzinga.com/news/topics/25/07/46215067/bill-gates-once-had-a-gaping-hole-in-his-dashboard-sequoias-michael-moritz-recalls-being-chauffeured-by-a-future-billionaire-obsessed-with-a-7-minute-commute-while-building-microsoft">Bill Gates Once Had A &#8216;Gaping Hole&#8217; In His Dashboard: Sequoia&#8217;s Michael Moritz Recalls Being Chauffeured By A Future Billionaire Obsessed With A 7-Minute Commute While Building Microsoft</a>
Why It Matters: Khosla&#8217;s investment thesis was built on years of preparation. He had been tracking AI progress since 2000, when he predicted AI would redefine humanity. By 2012, he published blogs questioning whether AI would replace doctors and teachers. His 2016 presentation to the National Bureau of Economic Research examined which occupations could be displaced by AI technology.
The decision to back OpenAI stemmed from Khosla&#8217;s analysis of talent influx and performance benchmarks. &#8220;I looked at the rate of progress and the rate of talent influx, those two things convinced me the moment for AI was soon,&#8221; he said. Despite uncertainty about timing, Khosla told his partner the investment was &#8220;too important to not try.&#8221;
OpenAI&#8217;s current valuation has reached $300 billion following a $40 billion funding round, with backing from Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and SoftBank Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#NYSE">SFTBY</a>). The company&#8217;s transition from nonprofit to for-profit structure has drawn legal challenges from Musk, who co-founded OpenAI before departing in 2018.
Khosla&#8217;s track record includes the $7 billion return on a $3 million Juniper Networks investment, achieved by betting against industry consensus on internet protocols. 
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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.
Photo courtesy: Svet foto / Shutterstock.com

Entrepreneurship

BIDU

SFTBY

Vinod Khosla Recalls Betting On OpenAI After Elon Musk Backed Off Funding: Google Was Moving Very 'Slow,' Baidu Was Stealing Talent

Figma Inc. has filed for an initial public offering, aiming to list its Class A common stock on the New York Stock Exchange under the symbol &#8220;FIG,&#8221; marking a significant step for the San Francisco-based design platform.
What Happened: The company, known for its collaborative browser-based tools used by major clients such as Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), reported robust financial growth ahead of its public debut. 
For the year ended December 31, 2024, Figma posted revenue of $749 million, a 48% increase year-over-year, and for the first quarter of 2025, revenue reached $228.2 million, up 46% from the prior year period. The company's compounded annual revenue growth rate over four years stands at 53%.
Figma's net income swung from $737.8 million in 2023—boosted by a $1 billion termination fee from the abandoned Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) merger—to a net loss of $732.1 million in 2024, largely due to one-time stock-based compensation expenses. However, the company returned to profitability in the first quarter of 2025 with net income of $44.9 million. 
Figma's platform is now used by 95% of the Fortune 500 and 78% of the Forbes Global 2000, reflecting its widespread adoption across industries. The company has rapidly expanded its product suite, launching features such as Dev Mode for developers, FigJam for ideation, and new AI-powered tools like Figma Make, which can generate functional prototypes from prompts. 
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46212596/dow-jumps-400-points-as-senate-approves-tax-bill-investor-sentiment-edges-lower-but-fear-index-remains-in-greed-zone">Dow Jumps 400 Points As Senate Approves Tax Bill: Investor Sentiment Edges Lower, But Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Why It Matters: Its Net Dollar Retention Rate was 134% at the end of 2024 and 132% as of March, indicating strong customer expansion and retention. 
The IPO follows Figma's earlier attempt to be acquired by Adobe for $20 billion, a <a href="https://www.benzinga.com/news/large-cap/23/07/33353200/adobes-game-changing-20-billion-figma-acquisition-under-global-regulatory-microscope">deal blocked by regulatory authorities</a> over antitrust concerns. Figma's most recent <a href="https://www.benzinga.com/news/24/05/38893439/figma-sets-12-5b-valuation-in-new-equity-offering-falling-short-of-adobes-acquisition-offer">private valuation was $12.5 billion</a>, set during a secondary share sale in 2024. Founder and CEO Dylan Field will retain significant voting power post-IPO, due to Figma's multi-class share structure.
Figma's business model is subscription-based, offering tiered plans for individuals, organizations, and enterprises, with pricing tailored to different user roles and workflows. &nbsp;
The company plans to use IPO proceeds for working capital, product development, and potential acquisitions, while repaying certain outstanding indebtedness. Figma does not anticipate paying dividends in the near future. 
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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:29 AMJul 03, 2025	CALL	$160.00	Jul 25, 2025	18	2217	2211	560	396	SWEEP	BULLISH
09:30 AMJul 03, 2025	CALL	$150.00	Jul 03, 2025	-4	4642	221	93	5008	SWEEP	BULLISH
09:30 AMJul 03, 2025	CALL	$150.00	Jul 03, 2025	-4	0	3093	0	5008	SWEEP	BULLISH
09:30 AMJul 03, 2025	CALL	$150.00	Jul 03, 2025	-4	0	1120	0	5008	SWEEP	BULLISH
02:34 PMJun 30, 2025	PUT	$225.00	Dec 17, 2027	893	300	100	2727	11	SWEEP	BEARISH
02:34 PMJun 30, 2025	PUT	$220.00	Dec 17, 2027	893	161	100	1342	12	SWEEP	BEARISH
02:33 PMJun 30, 2025	PUT	$225.00	Dec 17, 2027	893	139	100	1264	11	SWEEP	BEARISH
02:30 PMJun 30, 2025	PUT	$220.00	Dec 17, 2027	893	37	100	308	12	SWEEP	BEARISH
03:57 PMJun 27, 2025	CALL	$180.00	Jul 03, 2025	-4	37290	4695	611	6108	SWEEP	BULLISH
03:12 PMJun 27, 2025	CALL	$140.00	Aug 08, 2025	32	10053	1000	Infinity	0	TRADE	NEUTRAL
01:00 PMJun 27, 2025	CALL	$165.00	Jun 27, 2025	-10	432	998	10	4124	SWEEP	BEARISH
12:43 PMJun 27, 2025	CALL	$165.00	Jan 16, 2026	193	888	850	11	8201	TRADE	BULLISH
11:53 AMJun 27, 2025	CALL	$170.00	Jun 27, 2025	-10	9126	1394	57	16119	SWEEP	BEARISH
11:06 AMJun 27, 2025	PUT	$180.00	Jul 18, 2025	11	1642	1500	26	6258	TRADE	BULLISH

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