PAVmed (NASDAQ:PAVM) Stock

PAVmed

PAVmed Inc is a multi-product, commercial-stage medical technology company organized to advance a broad pipeline of medical technologies from concept to commercialization. The company operates in a single segment as a medical technology company, with the following lines of business: Diagnostics, Medical Devices, and Digital Health. Its products are EsoGuard, esocheck, and the Veris Cancer Care Platform.

PAVmed Inc

PAVmed Inc Warrants - Series Z (30/04/2024)

The U.S. government will retain significant control over United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) through a golden share arrangement as part of Nippon Steel Corp.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) proposed $14.9 billion acquisition, according to Sen. David McCormick (R-Pa.). 
What Happened: The golden share mechanism will grant Washington veto power over key operational decisions at the iconic American steelmaker. 
McCormick <a href="https://www.youtube.com/watch?v=QL71vaeEvn0">told</a> CNBC that the arrangement requires U.S. government approval for certain board appointments and prevents production cuts without federal consent.
&#8220;It&#8217;ll be a U.S. CEO, a U.S. majority board and then there will be a golden share, which will essentially require U.S. government approval of a number of the board members,&#8221; McCormick said on Tuesday. The structure ensures &#8220;production levels aren&#8217;t cut and things like that.&#8221;
The arrangement stems from a national security agreement (NSA) the companies will sign with the U.S. government, according to McCormick. However, two sources told Reuters the golden share concept remains under consideration and has not been finalized.
See Also: <a href="https://www.benzinga.com/25/05/45637573/chinas-robot-dog-lead-could-outpace-us-humanoid-efforts-says-ark-invest-a-hole-in-tesla-figure-and-apptroniks-portfolio">China&#8217;s Robot Dog Lead Could Outpace US Humanoid Efforts: &#8216;A Hole In Tesla, Figure And Apptronik&#8217;s Portfolio,&#8217; Says Analyst</a>
Why It Matters: U.S. Steel shares climbed 1.98% to $53.04 on Tuesday. The stock has surged over 20% since President Donald Trump&#8216;s <a href="https://www.benzinga.com/25/05/45596866/president-trump-approves-us-steel-nippon-steel-partnership">recent social media endorsement of what he termed</a> a &#8220;planned partnership.&#8221;
The deal faced opposition from both Trump and former President Joe Biden, who formally <a href="https://www.benzinga.com/markets/equities/25/05/45510183/nippon-steel-pledges-14-billion-including-new-us-mill-to-win-trumps-approval-for-us-steel-deal-report">blocked it in January</a>, citing national security concerns. 
Trump launched a fresh Committee on Foreign Investment review in April. His recent <a href="https://www.benzinga.com/25/05/45596866/president-trump-approves-us-steel-nippon-steel-partnership">approval came with conditions</a> that the partnership create &#8220;at least 70,000 jobs&#8221; and inject &#8220;$14 billion into the U.S. economy.&#8221; The president emphasized that U.S. Steel would remain &#8220;controlled by the USA.&#8221;
Photo courtesy: Poetra.RH / Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45637573/chinas-robot-dog-lead-could-outpace-us-humanoid-efforts-says-ark-invest-a-hole-in-tesla-figure-and-apptroniks-portfolio">China&#8217;s Robot Dog Lead Could Outpace US Humanoid Efforts: &#8216;A Hole In Tesla, Figure And Apptronik&#8217;s Portfolio,&#8217; Says Analyst</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Government

News

Regulations

Markets

NPSCY

US Government To Hold Strategic Control Over US Steel In $14.9 Billion Nippon Deal, David McCormick Says

A federal judge temporarily blocked President Donald Trump's attempt to reassign more than $1.6 trillion in federal student debt from the Department of Education to the Small Business Administration (SBA) on Thursday.
What Happened: Judge Myong J. Joun of the U.S. District Court for the District of Massachusetts issued a preliminary injunction directing the Trump administration to <a href="https://www.benzinga.com/general/education/25/05/45570176/judge-orders-education-department-to-rehire-1300-workers-cut-under-trump-plan">reinstate more than 1,300 employees</a> at the Department of Education and halting any immediate transfer of student loan management operations, according <a href="https://www.cnbc.com/2025/05/27/court-order-challenges-trumps-plans-to-move-student-loans-to-sba.html">to</a> CNBC.
"They're all set for it," Trump had said earlier about SBA's preparedness. The administration, in turn, has asked for the ruling to be suspended while it files an appeal.
See Also: <a href="https://www.benzinga.com/general/space/25/05/45636081/trump-dangles-golden-dome-missile-shield-says-its-free-if-canada-becomes-51st-state-king-charles-fires-back-the-true-north-is-indeed-strong-and-free">Trump Dangles &#8216;Golden Dome&#8217; Missile Shield, Says It&#8217;s Free If Canada Becomes 51st State—King Charles Fires Back: &#8216;The True North Is, Indeed, Strong And Free&#8217;</a>
Why It Matters: Critics like Sarah Sattelmeyer of New America told CNBC that "instead of increasing efficiency, the movement of the Department's core functions would have increased confusion and decreased the effectiveness of programs that students depend on to access education."
Mark Kantrowitz, a higher education expert, highlighted that the SBA does not have relevant infrastructure or experience. Moreover, the transfer would necessitate congressional action, as current law delegates federal student debt oversight to the Department of Education.
The issue is further complicated by Trump's March announcement that the SBA would face massive staffing cuts, losing almost half its workforce.
After a five-year pause, the federal government <a href="https://www.benzinga.com/25/04/45012792/trump-administration-to-resume-collections-on-student-loans-5-million-borrowers-in-default">resumed collections</a> on defaulted loans this month, with the Education Department sharing that <a href="https://www.benzinga.com/25/05/45214832/with-16-trillion-owed-by-427-million-student-loan-borrowers-federal-government-resumes-collections-after-5-years-as-delinquencies-reach-record-high-transunion-warns">&#8220;42.7 million borrowers owe more than $1.6 trillion in student debt."</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">Elon Musk &#8216;Disappointed&#8217; With Trump&#8217;s &#8216;Big Beautiful Bill,&#8217; Says It &#8216;Undermines The Work That The DOGE Team Is Doing&#8217;</a></li>
</ul>
Photo courtesy: Rawpixel.com / Shutterstock.com

Education

Politics

Trump Blocked From Shifting Student Loan Oversight From Education Department To Small Business Administration: Report

As tech's most influential minds rethink the future of computing, their vision faces a market still not sold on the alternatives.
What Happened: Last week, in a video, Jony Ive, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) legendary former design chief, described smartphones and laptops as "legacy products," suggesting they no longer represent the future of computing.
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>) CEO Sundar Pichai echoed the sentiment in an <a href="https://www.theverge.com/decoder-podcast-with-nilay-patel/673638/google-ceo-sundar-pichai-interview-ai-search-web-future">interview</a> with The Verge's Nilay Patel that was published on Tuesday, noting, "At some point in the future, consuming content by pulling out this black glass display rectangle… is not the most intuitive way to do it."
Pichai acknowledged that computing will evolve to be more ambient and fluid, available "in multiple ways around you," from tablets to smart glasses. "It makes sense," he said, "but I think it's going to take some time."
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. Why It&#8217;s Important: While tech leaders envision a post-smartphone world, consumers aren't rushing to embrace the hardware pitched to replace it. Some attempts to disrupt the status quo have stumbled.
Humane's AI Pin promised a phone-free future but <a href="https://www.benzinga.com/tech/25/02/43803887/humanes-ai-pin-dubbed-as-potential-iphone-killer-dies-this-month-as-company-sells-to-hp-for-116-million-amid-poor-sales-and-scathing-reviews">flopped amid harsh reviews</a>, overheating issues, and low sales, ultimately leading to the company's acquisition by HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>).
Similarly, Rabbit's R1 generated buzz but remained niche, <a href="https://www.benzinga.com/news/24/04/38512965/youtube-tech-reviewer-mkbhd-deems-rabbit-r1-barely-reviewable-after-humane-ai-pin-takedown-its-just">offering limited functionality</a> versus existing smartphones.&nbsp;
AR/VR headsets like Apple's Vision Pro and Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Quest are advancing, yet still face challenges such as high costs, limited use cases, and physical discomfort.
Even stylish options like Meta's Ray-Ban smart glasses haven't broken into the mainstream <a href="https://www.benzinga.com/news/21/09/22898410/privacy-concerns-being-raised-over-new-facebook-smart-glasses">due to privacy concerns</a> and a lack of compelling features.
Alphabet received a growth score of 88.63% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with other companies</a> like Apple, Meta and HP.
<figure class="wp-block-image aligncenter 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/2025/05/28051821/Screenshot-2025-05-28-at-8.27.29%E2%80%AFAM-1.png" alt="" class="wp-image-929509" /></a></figure>
Check out more of Benzinga&#8217;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/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</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: Rokas Tenys / Shutterstock.com

Tech

AAPL

GOOG

GOOGL

Apple's Former Design Chief Jony Ive Called Phones And Laptops 'Legacy Platforms:' Sundar Pichai Says Pulling Out A 'Black Glass Display Rectangle' Won't Make Sense Forever

Huntsman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>) announced today that it has completed the strategic review of its European&nbsp;Maleic Anhydride business. As a result of this review, the Company will close its Maleic Anhydride facility located in Moers, Germany. The closure of the operations at Moers is expected to be complete by the end of the current quarter. In 2024, the European Maleic Anhydride business generated an adjusted EBITDA loss of approximately $10 million. Going forward, the Company intends to serve customers in the European region from its North American facilities located in Pensacola, Florida and Geismar, Louisiana. As a result of the closure of the Moers, Germany facility, Huntsman expects to incur a one-time non-cash asset impairment charge of approximately $75 million during the second quarter of 2025.&nbsp; &nbsp; &nbsp;

Huntsman to Shut Down German Plant After $10M Loss, Takes $75M Hit But Shifts Focus to US Operations

President Donald Trump's efforts to revive domestic manufacturing via tariffs are unlikely to generate a significant number of new jobs, according to experts from Wells Fargo.
While the policy aims to bring industrial activity back to the U.S., they say the calculations do not add up.
What Happened: Wells Fargo's analysis indicates major roadblocks facing a widespread comeback of industrial employment, according <a href="https://www.cnbc.com/2025/05/22/trump-tariffs-wont-revive-us-factory-jobs-wells-fargo-analysis-says.html">to</a> CNBC.
Companies are likely to encounter high labor expenses if they relocate production domestically. Many firms are unable or reluctant to bear these costs.
Additionally, analysts note a shortage of qualified production workers. "A meaningful increase in factory jobs does not appear likely in the foreseeable future, in our view," said Sarah House, senior economist at Wells Fargo. She highlighted that unpredictability surrounding government policy could further put firms off from hiring new workers.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45616116/trumps-tariffs-may-trigger-an-inflation-shock-but-not-a-lasting-one-goldman-sachs-says">Trump&#8217;s Tariffs May Trigger An Inflation Shock &#8211; But Not A Lasting One, Goldman Sachs Says</a>
Why It Matters: Despite Trump's wide-ranging tariff measures, which are now at their highest level since the 1940s, as well as promises of corporate tax breaks, the ground reality is different.
Analysts note that key tech firms like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) have announced investments in U.S.-based facilities, but these high-profile cases are the anomaly, not the rule. Currently, the U.S. has 12.8 million industrial jobs, still millions less than the sector&#8217;s 1979 peak.
According to Wells Fargo, even if every unemployed individual in the U.S. were recruited tomorrow, the workforce would still fall short by more than 14 million.
The bank concludes that "returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle", even as industry insiders warn that <a href="https://www.benzinga.com/tech/25/05/45613320/ai-is-gutting-entry-level-jobs-and-gen-z-is-paying-the-price-warns-linkedins-aneesh-raman">AI is gutting entry-level jobs</a>, leaving Gen Z workers entering the workforce at risk.
In a survey published last month, <a href="https://www.benzinga.com/news/25/04/44880439/80-of-americans-say-the-country-would-be-better-off-with-more-manufacturing-jobs-but-only-25-want-one-themselves">80% of Americans</a> said the country would be better off with more manufacturing jobs. Another survey revealed that <a href="https://www.benzinga.com/25/04/44881768/nearly-4-million-manufacturing-jobs-are-opening-as-boomers-retirebut-gen-z-is-not-interested">only 14% of Gen Z workers</a> would be interested in a manufacturing role.
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<li><a href="https://www.benzinga.com/government/regulations/25/05/45622854/trump-may-be-smoking-in-the-dynamite-shed-as-the-big-beautiful-bill-drives-bond-yields-higher">Trump May Be &#8216;Smoking In The Dynamite Shed&#8217; With The Big, Beautiful Bill Pressuring Yields Higher </a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

General

NVDA

Trump's Tariffs Won't Bring Back Manufacturing Jobs, Says Wells Fargo, Citing Labor Shortages And Rising Costs

Shares of Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) rose sharply in today's pre-market trading after the company posted better-than-expected first-quarter results and raised its FY2026 guidance <a href="https://www.benzinga.com/quote/box/analyst-ratings">after Tuesday's closing bell</a>.
The company reported quarterly earnings of 30 cents per share, which beat the Street estimate of 26 cents. Quarterly revenue came in at $276 million, which beat the consensus estimate of $274.8 million and is an increase over revenue of $264.66 million from the same period last year.
Box shares jumped 11.6% to $35.10 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) rose 205.5% to $1.69 in pre-market trading. On Tuesday, Safe and Green Holdings entered into agreement with Three Pines Leasing to supply modular units to a government agency.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) surged 56.8% to $1.38 in pre-market trading after falling 5% on Tuesday.</li>
<li>Brooge Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BROG#NASDAQ">BROG</a>) surged 50.2% to $4.79 in pre-market trading after the company entered into a $884 million conditional sale agreement with Gulf Navigation for 100% of BPGIC Group.</li>
<li>Powell Max Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMAX#NASDAQ">PMAX</a>) jumped 40.5% to $0.5410 in pre-market trading after falling 24% on Tuesday.</li>
<li>New Era Helium, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEHC#NASDAQ">NEHC</a>) shares jumped 23.3% to $0.7894 in pre-market trading.</li>
<li>LiveWire Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NYSE">LVWR</a>) climbed 23.1% to $3.15 in pre-market trading after jumping 153% on Tuesday.</li>
<li>Jeffs&#8217; Brands Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) gained 21% to $0.49 in pre-market trading after dipping 47% on Tuesday.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) rose 9.7% to $7.55 in pre-market trading. Joby Aviation announced the closing of $250 million investment. Toyota Motor also reported a 15.3% stake In Joby Aviation as of May 22.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) gained 5.7% to $3.87 in pre-market trading. On Tuesday, SEALSQ announced a partnership with SOLANA and an investment in Wecan Token.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>InflaRx N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFRX#NASDAQ">IFRX</a>) shares fell 49.5% to $0.92 in pre-market trading after the company halted Vilobelimab Phase 3 trial in pyoderma Gangrenosum after futility finding in interim analysis.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 28.4% to $1.21 in pre-market trading after the company reported the launch of a proposed public offering.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares dipped 17.4% to $0.12 in pre-market trading after the company announced a share consolidation with the ratio set between 1-for-2 and 1-for-50.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) fell 15.7% to $0.9941 in pre-market trading after jumping 5% on Tuesday.</li>
<li>Imunon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) shares tumbled 15.4% to $1.92 in pre-market trading. Imunon shares jumped 96% on Tuesday after the company announced it will present IMNN-001 data based on its immune biomarker analysis from its Phase 2 OVATION 2 study at ESMO Gynaecological Cancers Congress 2025</li>
<li>Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) declined 13.5% to $6.50 in pre-market trading after the company announced it entered into a diversified forbearance agreement and cut its management fees and quarterly dividend. Additionally, the company received a NYSE late filing notice amid an investigation into financial irregularities for its subsidiary.</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) dipped 12.8% to $109.35 in pre-market trading following the company&#8217;s first-quarter earnings report. In its outlook, the company said it is now factoring in potential risks related to the uncertain economic environment for the remainder of FY26.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) fell 12.7% to $0.5928 in today's pre-market trading after jumping 69% on Tuesday.</li>
<li>Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) shares fell 8.5% to $19.90 in pre-market trading after the company announced a public offering of 29 million shares of common stock.</li>
<li>GDS Holdings Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) fell 6.3% to $25.42 in pre-market trading after announcing the pricing of public offering of ADSs.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock">Jim Cramer Says Rocket Is A &#8216;Very Fine&#8217; Company, Recommends Buying This Health Care Stock</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

BROG

CETX

CODI

GLXY

IFRX

IMNN

JFBR

JOBY

LAES

LVWR

NEHC

OKTA

PMAX

SGBX

SONN

WORX

Why Box Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) was trading lower early on Wednesday, but a rebound could be in the works.&nbsp;
What happened: The world's most popular meme coin fell over 2% in the last 24 hours, while its trading volume rose 11.45% to $1.3 billion.
Whale activity surged, evidenced by a 41% increase in transactions valued at over $100,000, <a href="https://app.intotheblock.com/">according </a>to IntoTheBlock. Moreover, the balance held by long-term holders declined 0.88%, signaling that they were actively selling.
After rising to $0.25 last week, the dog-themed meme coin pulled back and has been consolidating in a channel between $0.21 and $0.23.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
However, widely followed cryptocurrency analyst and trader Ali Martinez spotted a "buy" signal from the TD Sequential indicator, setting the stage for a potential Doge rebound.
For the curious, the TD Sequential indicator is a technical analysis tool that helps traders identify potential price reversals and exhaustion patterns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> prepares to rebound as the TD Sequential flashes a buy signal on the hourly chart! <a href="https://t.co/RRNTDasYZd">pic.twitter.com/RRNTDasYZd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1927588708733092227?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a &#8220;Buy&#8221; signal as of this writing, <a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/">according </a>to TradingView.
DOGE rose a little in response to the news of the <a href="https://www.benzinga.com/25/05/45620368/dogecoin-surges-3-7-amid-x-money-release-and-doge-mining-growth">beta rollout announcement of X Money</a>, the long-awaited payments service of Elon Musk-owned social media giant X, on Tuesday. However, it gave up gains as the day progressed.
Price Action:&nbsp; At the time of writing, DOGE was exchanging hands at $0.2230, down 2,43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000">Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000</a></li>
</ul>
Photo Courtesy: Piotr Gortat On Shutterstock

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

Cryptocurrency

$DOGE

Dogecoin Slips Over 2% On Wednesday Morning, But Analyst Says Memecoin Preparing For Rebound

The Company expects total net revenues for 2025 to be between RMB9,100 million to RMB9,300 million, representing year-over-year growth of 10% to 13%, and adjusted EBITDA (non-GAAP) to be in the range of RMB2,700 million to RMB2,760 million, representing year-over-year growth of 11% to 14%. If the RMB87.7 million (US$12.0 million) disposal gain of E-JS02 data center were excluded from the adjusted EBITDA calculation for 2024, the year-over-year growth would be 15% to 18%. The above outlook remains unchanged from the previously provided estimates.

Guidance

VNET

VNET Reiterated 2025 Total Net Revenues Of RMB9.10B-RMB9.30B (Est RMB9.075B)

Earnings

VNET Gr Q1 EPADS $(0.12) Misses $(0.01) Estimate, Sales $309.54M Miss $309.74M Estimate

The autonomous vehicle market is witnessing its first direct competition as Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) prepares to launch robotaxis in Austin next month while 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>) <a href="https://www.benzinga.com/tech/25/05/45637208/tesla-robotaxi-rival-waymo-to-conduct-tests-in-multiple-cities-amid-us-autonomous-driving-push">Waymo expands testing across multiple U.S. cities</a>.
What Happened: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, characterized the Austin launch as a pivotal moment. 
&#8220;I find it fascinating to watch the different approaches to autonomy from Tesla and Waymo. With the launch of Austin, it&#8217;s the first head-to-head competition for robotaxis and how the business and economics evolve,&#8221; Gerber posted on the social media platform X.
<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 find it fascinating to watch the different approaches to autonomy from tesla and Waymo. With the launch of Austin, It's the first head to head competition for robotaxis and how the business and economics evolve. <a href="https://twitter.com/search?q=%24goog&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$goog</a> <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://twitter.com/search?q=%24uber&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$uber</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1927507157408174176?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The competition highlights contrasting strategies. Waymo operates a centralized approach with dedicated autonomous vehicles, while Tesla pursues a distributed fleet model using existing Model Y vehicles equipped with Full Self-Driving technology.
See Also: <a href="https://www.benzinga.com/media/25/05/45637684/after-the-delay-nvidias-blackwell-ai-servers-are-back-in-production-as-suppliers-foxconn-inventec-dell-and-wistron-fix-key-technical-issues-report">Nvidia&#8217;s Blackwell AI Servers Are Back In Production After Key Supply Chain Partners Like Foxconn Fix Overheating Issues: Report</a>
Why It Matters: Waymo recently announced <a href="https://www.benzinga.com/tech/25/05/45637208/tesla-robotaxi-rival-waymo-to-conduct-tests-in-multiple-cities-amid-us-autonomous-driving-push">reaching 10 million autonomous paid rides</a>, doubling that milestone in five months. The company is conducting &#8220;Road Trip&#8221; tests in San Antonio, Orlando, and Houston to enhance its autonomous driving capabilities beyond current operational cities.
However, Gerber remains skeptical of Tesla&#8217;s readiness. The investment manager recently criticized Tesla&#8217;s FSD 13.2.9 technology, citing mapping issues and erratic lane-changing behavior. &#8220;Google is better,&#8221; Gerber stated, referring to <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Waymo&#8217;s superior mapping technology</a>.
Gerber Kawasaki dumped over 26,000 Tesla shares in the first quarter of 2025, <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">representing 10% of the firm&#8217;s stake</a>, according to Business Insider. Tesla CEO Elon Musk promises 10 to 20 Model Ys will function as robotaxis on launch day.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45637672/apple-ramps-up-india-manufacturing-as-us-iphone-imports-surge-76-in-april-while-shipments-from-china-plunge">Apple Ramps Up India Manufacturing As US iPhone Imports Surge 76% In April, While Shipments From China Plunge</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. 
Photo courtesy: Ken Wolter / Shutterstock.com

TSLA

Tesla-Waymo To Face 'First Head-To-Head Competition For Robotaxis,' Ross Gerber Says Ahead Of Austin Launch: 'Fascinating To Watch'

As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) prepares to report its first-quarter earnings on Wednesday, investor attention remains fixed on the fallout from the <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">U.S. export restrictions on chip sales to China</a>. However, the chipmaker may have a few surprises in store.
What Happened: On Tuesday, Nvidia published a blog post on one of Dell Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) U.S. factories, which it says can ship &#8220;thousands of Blackwell GPUs to customers in a week.&#8221;
Dell&#8217;s partnership with Nvidia essentially involves supplying racks, cooling, and storage, mounted with the latter&#8217;s prized GPUs. Volume growth reported by Dell can thus be seen as a reflection of demand dynamics in AI infrastructure, while also serving as a proxy for Nvidia&#8217;s momentum.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45637672/apple-ramps-up-india-manufacturing-as-us-iphone-imports-surge-76-in-april-while-shipments-from-china-plunge">Apple Ramps Up India Manufacturing As US iPhone Imports Surge 76% In April, While Shipments From China Plunge</a>
In the blog post, Nvidia mentions an order for 100,000 units of Blackwell GPUs by CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), which is set for delivery within the next 6 weeks, worth over $3 billion.
This comes amid the export curbs on China, which are expected to hit <a href="https://benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results">the company&#8217;s earnings</a> to the tune of $5.5 billion, resulting in its first earnings estimate decline in years.
In addition to geopolitical headwinds, the company was weighed down by persistent technical issues with the GB200 Blackwell racks, resulting in delayed shipments. 
However, these issues were resolved by the company&#8217;s partners, Hon Hai Precision Industry Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>), Inventec Corp., Wistron Corp., and Dell Technologies through a series of technical breakthroughs, allowing them to ramp up production towards the tail end of the first quarter, according to a report <a href="https://www.ft.com/content/26ad4a47-aefd-4a96-9605-275027f83b53">by</a> the Financial Times.
While analysts expect the company&#8217;s gross margins to drop from 71% to 58% as a result of the China hit, even just a sliver of the high-margin Blackwell silicon accruing towards the end of the quarter can help soften the blow.
Similarly, these factors should help the company provide a better-than-expected guidance for the second quarter, as it begins shipping the GB200 racks at volume. 
Why It Matters: In addition to this, Nvidia has unlocked several other tailwinds in recent weeks that should help offset the losses from China export curbs.
Starting with a potential <a href="https://www.benzinga.com/25/05/45636302/nvidia-amd-stand-to-gain-big-as-japan-proposes-about-7-billion-us-chip-deal-in-tariff-talks-report">$7 billion chip deal</a> with Japan, in a bid to reduce the nation&#8217;s massive trade surplus with the United States, which stands to benefit the company significantly.
This comes just days after a mega <a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">18,000-chip deal</a> with Saudi Arabia&#8217;s AI startup, Humain, backed by the Kingdom&#8217;s Public Investment Fund.
The company also plans to release a <a href="https://benzinga.com/markets/equities/25/05/45605521/after-jensen-huang-criticized-us-export-curbs-nvidia-set-to-launch-cheaper-blackwell-ai-chip-for-china-amid-market-share-slide-report">significantly cheaper AI chip</a> for the Chinese market, in a bid to circumvent U.S. export restrictions. 
This, however, is expected to take a while to materialize, with the company saying that &#8220;until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China's $50 billion data center market.&#8221;
Price Action: Nvidia shares were up 3.21% on Tuesday, trading at $135.50, and are up 0.09% after hours, ahead of the company&#8217;s first quarter earnings release. Dell shares were up 1.68% on Tuesday, trading at $113.99, and are down 0.34% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM-1024x136.png" alt="" class="wp-image-929432" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28042519/Screenshot-2025-05-28-at-1.55.05-PM.png 1614w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Nvidia scores remarkably well across several key metrics in Benzinga&#8217;s Edge Stock Rankings, with a favorable price trend in the short, medium, and long term, but how does it compare with AMD? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out.
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<li><a href="https://www.benzinga.com/media/25/05/45637684/after-the-delay-nvidias-blackwell-ai-servers-are-back-in-production-as-suppliers-foxconn-inventec-dell-and-wistron-fix-key-technical-issues-report">Nvidia&#8217;s Blackwell AI Servers Are Back In Production After Key Supply Chain Partners Like Foxconn Fix Overheating Issues: Report</a></li>
</ul>
Photo courtesy: Jack Hong / Shutterstock.com

CRWV

DELL

HNHPF

Dell's Early Blackwell Shipments Of 'Thousands Of GPUs A Week' May Lift Nvidia Margins, Boost Q2 Guidance

Florida Governor Ron DeSantis has enacted a new law, opening the doors for transactions using gold and silver in the state. This move is seen as a nod to the original &#8220;gold standard.&#8221;
What Happened: DeSantis signed the bill, HB 999, into law, allowing Floridians to use gold and silver for transactions. DeSantis hailed this as a &#8220;landmark piece of legislation,&#8221; offering residents &#8220;more independence&#8221; from a fiat currency, <a href="https://www.firstcoastnews.com/article/news/regional/florida/desantis-signs-bill-allowing-transactions-using-gold-silver-in-florida/77-fc00a45a-4a45-439f-befa-8ba2933722e7">reported</a> First Coast News.
Under the new law, gold and silver are now exempt from sales tax, and money services businesses like PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) are allowed to send and receive payments using these metals.
DeSantis expressed that the metals will serve as &#8220;real currency again&#8221; and not just &#8220;investment vehicles for the wealthy.&#8221; He believes that the law would enable Florida residents to safeguard themselves against &#8220;the declining dollar.&#8221;&nbsp;As of now, fewer than a quarter of all states—including Louisiana, Texas, South Carolina, and Utah—recognize gold and silver as legal tender. The new law is scheduled to go into effect on July 1, 2026. SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doin" target="_blank" rel="noreferrer noopener">Elon Musk &#8216;Disappointed&#8217; With Trump&#8217;s &#8216;Big Beautiful Bill,&#8217; Says It &#8216;Undermines The Work That The DOGE Team Is Doing&#8217;</a>
Why It Matters: This move comes at a time when the U.S. dollar&#8217;s confidence is wavering. The recent slide of the U.S. dollar has <a href="https://www.benzinga.com/markets/commodities/25/05/45617358/gold-demand-holds-firm-as-dollar-confidence-wavers">reignited </a>investor interest in gold. Factors such as geopolitical uncertainty and concerns over the long-term sustainability of American fiscal policy have been driving this trend.
Moreover, the U.S. dollar was <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45608523/the-dollar-is-15-20-overvalued-and-history-says-it-wont-last">trading </a>15–20% above its long-term fair value. Analysts at KKR &amp; Co. Inc. predicted the era of dollar-fueled outperformance in U.S. assets was likely nearing its end. According to them, the greenback may gradually fall below its fair value and stay weak for years, correcting its overvaluation through a prolonged, steady decline rather than a sharp crash.
SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) surged 39.56% over the past year, while the US Global GO GOLD and Precious Metal Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOAU#NYSE">GOAU</a>) soared 36.78%. 
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44778357/giuliani-criticizes-trumps-doj-and-fbi-im-very-upset-right-now" target="_blank" rel="noreferrer noopener">Giuliani Criticizes Trump&#8217;s DOJ and FBI: &#8216;I&#8217;m Very Upset Right Now&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOAU

PYPL

Ron DeSantis Signs Law Allowing Gold, Silver For Transactions In Florida, Citing 'Declining Dollar' Concerns

After the stock market has recovered from the bear market territory following <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">tariff pauses</a> and trade deals, experts at Fidelity Investments and JPMorgan expect it to stay rangebound for 2025.
What Happened: After a few deals and pauses were announced in April, Jurrien Timmer, the director of global macro at Fidelity Investments, explained in his note that the lower and upper boundaries for the market have been set.
He highlighted that stocks were down 20% and they have recovered since, &#8220;That suggests that while the lower boundary for this market correction may have been established, so has the upper boundary.&#8221;
&#8220;All this puts me firmly in the trading range camp in terms of what the next 6-12 months will bring. I suspect that this range might be defined by the April low of 4835 as the lower boundary, and the recent highs of 6000 as the upper boundary,&#8221; he explained.
Meanwhile, Fabio Bassi, JPMorgan's head of cross-asset strategy, also <a href="https://www.cnbc.com/2025/05/27/dont-expect-the-market-to-go-anywhere-this-summer-says-jpmorgan.html">told</a> CNBC that the S&amp;P 500 could "remain rangebound, with limited short-term upside."
"The rally to our bull case scenario of 5,800 for S&amp;P 500 has played out, but from here we expect a consolidation and range-bound dynamic,&#8221; Bassi explained.
Timmer also underscored that if the range-bound market forecast stands true, the cyclical bull market that started in October 2022 may have already ended in February 2025, lasting for 30 months.
He added that &#8220;a new modest bear market is now underway,&#8221; saying, &#8220;Bear markets consist of both a price and time element, and if this one lasts 6-12 months it would meet both conditions.&#8221;
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45635906/sp-500s-expensive-valuation-combined-with-all-time-high-household-holdings-a-look-at-where-us-stock-market-stands">S&amp;P 500&#8217;s Expensive Valuation Combined With All-Time High Household Holdings: A Look At Where US Stock Market Stands</a>
Why It Matters: The S&amp;P 500 has turned positive for the year, up 0.90% on a year-to-date basis. Whereas, it was 3.67% down from its all-time high of 6,147.43 points.
The Nasdaq 100 index, on the other hand, was 3.63% lower from its previous record of 22,222.61 points and up 2.09% on a year-to-date basis.
Dow Jones was still 0.11% lower on a year-to-date basis and 6.06% down from its 52-week high of 45,073.63 points.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Wednesday. The SPY was down 0.18% to $590.09, while the QQQ declined 0.13% to $520.55, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results" target="_blank" rel="noreferrer noopener">Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here's What Charts Show Ahead Of Q1 Results</a></li>
</ul>
Photo courtesy: Shutterstock

Futures

Jurrien Timmer Says Cyclical Bull Market Likely Over In Feb 2025, Expects Rangebound Scenario: 'Modest Bear Market Is Now Underway'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk admitted that he was spending "too much time" on politics amid the EV giant's poor sales figures and increasing backlash among consumers.
What Happened: "I think I probably did spend a bit too much time on politics," Musk said when asked about whether his involvement with politics has negatively affected his companies, in an interview with Ars Technica <a href="https://arstechnica.com/space/2025/05/elon-musk-turns-his-focus-back-to-space-says-starship-and-mars-matter-most/">on</a> Tuesday.
"It&#8217;s less than people would think, because the media is going to over-represent any political stuff, because political bones of contention get a lot of traction in the media," Musk added.
However, the billionaire reiterated his commitment to his companies, calling his involvement with the government, as well as the DOGE, a time allocation issue. "It was just relative time allocation that probably was a little too high on the government side, and I&#8217;ve reduced that significantly in recent weeks," he added.
Why It Matters: Musk's comments come in as the billionaire's EV giant Tesla has faced a lot of backlash due to his right-wing political endorsements as well as his close involvement with the Trump administration, with <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">sales figures dwindling</a> in multiple markets.
However, Musk had said that he would be rolling back on his DOGE commitments during Tesla's Q1 earnings call. Musk's commitment to Tesla has since <a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">inspired confidence among investors</a>, with Wedbush Securities analyst Dan Ives setting an ambitious $500 price target for Tesla stock and a <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">$2 trillion market cap</a>.
While Musk's commitment to the brand has been well-received by the financial community, some experts still express doubts about Tesla, particularly the Austin <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">Robotaxi launch in June</a>.
Notably, Gerber Kawasaki's CEO Ross Gerber said, "Clearly, this is a product that&#8217;s not quite ready to go,&#8221; when talking <a href="https://www.benzinga.com/25/05/45559223/ross-gerber-weighs-in-on-tesla-amid-elon-musks-five-year-commitment-to-ev-giant-seems-like-elon-mightve-gotten-my-message">about the Robotaxi</a>, while Future Fund LLC's managing director Gary Black has <a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned">raised doubts</a> over the company's Full-Self Driving or FSD tech, which is a crucial element to the Robotaxi.
Price Action: TSLA gained 1.26% in after-hours trading, currently valued at $367.47, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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</ul>
Photo courtesy: Joshua Sukoff / Shutterstock.com

Elon Musk Admits He Spent 'Too Much Time' On Politics After Tesla Sales Decline In Multiple Regions

<h3>Companies Reporting Before The Bell</h3>
• Eagle Point Credit Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECC#NYSE">ECC</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $52.27 million. 
• Eagle Point Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIC#NYSE">EIC</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $14.25 million. 
• Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $289.50 million. 
• Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $1.02 billion. 
• REX American Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REX#NYSE">REX</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $161.27 million. 
• Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion. 
• Reservoir Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $40.94 million. 
• CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $9.76 million. 
• Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $4.43 billion. 
• Capri Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) is projected to report quarterly loss at $0.16 per share on revenue of $982.81 million. 
• VNET Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is expected to report quarterly loss at $0.01 per share on revenue of $309.74 million. 
• Dick's Sporting Goods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) is estimated to report quarterly earnings at $4.32 per share on revenue of $3.60 billion. 
• Kingsoft Cloud Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report earnings for its first quarter. 
• Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is projected to report quarterly earnings at $2.40 per share on revenue of $3.31 billion. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is expected to report quarterly earnings at $1.84 per share on revenue of $6.39 billion. 
• Icecure Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) is expected to report quarterly loss at $0.08 per share on revenue of $750 thousand. 
• Amber International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBR#NASDAQ">AMBR</a>) is expected to report earnings for its first quarter. 
• Sono-Tek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOTK#NASDAQ">SOTK</a>) is estimated to report quarterly earnings at $0.01 per share on revenue of $5.12 million. 
• OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) is estimated to report earnings for its first quarter. 
• Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $250.05 million. 
• Photronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $212.00 million. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $88.47 million. 
<h3>Companies Reporting After The Bell</h3>
• SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is estimated to report quarterly loss at $0.24 per share on revenue of $228.40 million. 
• e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $326.67 million. 
• Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $140.13 million. 
• C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) is likely to report quarterly loss at $0.20 per share on revenue of $107.70 million. 
• ATS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATS#NYSE">ATS</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $689.21 million. 
• Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) is likely to report quarterly earnings at $2.36 per share on revenue of $671.91 million. 
• NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $43.25 billion. 
• HP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $13.12 billion. 
• U-Haul Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHAL#NYSE">UHAL</a>) is likely to report quarterly loss at $0.26 per share on revenue of $1.16 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.74 per share on revenue of $728.33 million. 
• Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is estimated to report quarterly earnings at $3.40 per share on revenue of $1.60 billion. 
• Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $770.35 million. 
• Agilent Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $1.63 billion. 
• Nutanix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $626.75 million. 
• Noah Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOAH#NYSE">NOAH</a>) is projected to report earnings for its first quarter. 
• Ooma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $64.82 million. 
• Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is projected to report quarterly earnings at $2.55 per share on revenue of $9.75 billion. 
• Phreesia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $114.98 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For May 28, 2025

Capital markets commentator The&nbsp;Kobeissi Letter&nbsp;highlighted the impressive rebound of the cryptocurrency market, particularly Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), from its April lows on Tuesday.
What Happened: Through its official X account, Kobeissi Letter&nbsp;highlighted that the total cryptocurrency market cap has surged by $1 trillion, or 42%, since the bottom on April 8. 
Furthermore, it stated that the market valuation was only 6% below its December peak of $3.70 trillion.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Crypto&#39;s total market cap has surged ~$1 trillion, or +42%, since the April 8th low, to near a record $3.4 trillion. The crypto market&#39;s value is now just $240 billion, or 6%, below its December 2024 peak. Furthermore, crypto&#39;s market cap excluding Bitcoin has risen… <a href="https://t.co/RPEIzoZ7Hz">pic.twitter.com/RPEIzoZ7Hz</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1927365675049500717?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin was the primary driver behind the surge, noted The Kobeissi Letter, given the total market capitalization, excluding BTC, increased by just $319 billion since April lows.
&#8220;Bitcoin is performing exceptionally well,&#8221; it added. 
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/06/39493836/rich-dad-poor-dad-author-robert-kiyosaki-agrees-with-raoul-pals-bitcoin-banana-zone-theory" target="_blank" rel="noreferrer noopener">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Agrees With Raoul Pal&#8217;s Bitcoin &#8216;Banana Zone&#8217; Theory: &#8216;He Knows What He&#8217;s Talking About&#8217;</a>
Bitcoin currently has the largest market share, accounting for almost 63%. However, Ethereum (CRYPT: ETH) managed to increase its dominance from 7.4% to 9.3% over the month, <a href="https://coinmarketcap.com/charts/bitcoin-dominance/">according </a>to CoinMarketCap.
Moreover, the apex cryptocurrency has already gained 15.31% in May, nearly doubling its average returns during the month.
Why It Matters: The cryptocurrency market&#8217;s rebound comes after a period of major decline. Bitcoin <a href="https://www.benzinga.com/25/04/44669943/why-is-bitcoin-down-today-trump-tariffs-spark-market-panic-as-btc-slides-below-75k">plunged below $75,000</a> in early April, marking its lowest level in months. This drop was triggered by President Donald Trump&#8217;s sweeping tariff measures, which reignited fears of a global recession and led to a sharp sell-off in risk assets.
However, the sentiment has eased after the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45339503/recession-odds-fall-below-50-on-polymarket-as-crypto-bettors-assess-the-us-china-trade-deal">U.S. announced a trade deal </a>with China earlier this month, sending recession odds lower and reigniting a rally in stocks and cryptocurrencies alike. Bitcoin climbed to its all-time high of $111,970.17 last week.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $108,972.89, down 0.33% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp; 
Read Next:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image Via Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

$BTC

Bitcoin Performing 'Exceptionally Well,' Says Markets Commentator As BTC Helps Fuel A 42% Crypto Market Recovery From April Lows

Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">long-awaited</a> Blackwell AI servers are finally shipping after supply chain partners resolved critical technical issues that had delayed production.
What Happened: Suppliers, including Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>), Inventec Corp, Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Wistron Corp., have resumed shipments of Nvidia's Blackwell-powered GB200 AI racks after months of troubleshooting hardware and software challenges, the Financial Times <a href="https://www.ft.com/content/26ad4a47-aefd-4a96-9605-275027f83b53">reported</a>, citing several people familiar with the developments.
The racks, each featuring 36 Grace CPUs and 72 Blackwell GPUs, faced <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">setbacks due to overheating</a>, liquid cooling system leaks and complex chip synchronization issues.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45590834/pepe-up-3-as-dogecoin-millionaire-says-it-may-become-the-best-trade-of-my-life" target="_blank" rel="noreferrer noopener">Pepe Up 3% As &#8216;Dogecoin Millionaire&#8217; Says It May Become &#8216;The Best Trade Of My Life&#8217;</a>
An engineer at one of Nvidia's partners said, "Our internal tests showed connectivity problems… the supply chain collaborated with Nvidia to solve the issues, which happened two to three months ago."
Production capacity is now scaling rapidly, and the first shipments began at the end of the first quarter, according to the suppliers. Speaking at Computex last week, Nvidia's Taiwanese partners confirmed the fixes are allowing them to meet rising demand.
Why It's Important: The timing is crucial for Nvidia CEO Jensen Huang, who had promised the Blackwell system would deliver massive computing power for next-generation AI models.
Nvidia previously said it aims to hit $43 billion in quarterly revenue for the quarter ended in April—a record—<a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">despite a $5.5 billion hit from</a> U.S. export restrictions to China, the report added.
In February, Huang&nbsp;acknowledged the challenges faced by the first Blackwell chips but praised the team for their recovery efforts. He also assured investors at the time that the&nbsp;<a href="https://www.benzinga.com/25/02/43996321/jensen-huang-admits-first-blackwell-met-some-hiccups-but-nvidias-blackwell-ultra-is-on-track-for-the-second-half-of-2025">Blackwell Ultra</a>&nbsp;remains on track for the second half of 2025.
Blackwell's recovery is also pivotal for Nvidia as it seeks to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43474406/nvidia-still-a-top-pick-as-microsoft-meta-stick-with-gpus-despite-deepseek-challenge-analyst">maintain momentum</a> in the booming AI infrastructure market. Major customers, including Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), are expected to drive demand.
Additionally, Saudi Arabia and the UAE have also announced <a href="https://www.benzinga.com/news/25/05/45602697/abu-dhabi-backed-g42-and-igenius-team-up-to-build-europes-most-powerful-ai-supercomputer-using-nvidia-chips-in-italy">plans to purchase</a> thousands of Blackwell chips during President Donald Trump's Gulf tour.
Analysts anticipate that Nvidia will post <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45629142/nvidia-q1-earnings-preview-analyst-cautions-on-macro-uncertainty-china-restrictions-stay-long-the-stock">first-quarter revenue of $43.54 billion</a>, a significant increase from $26.04 billion in the same quarter last year.
Price Action: Nvidia shares edged up 0.074% in after-hours trading, reaching $135.60 at the time of writing, after rising 3.21% during regular trading hours on Monday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Meanwhile, NVDA earned a growth score of 98.78% from Benzinga Edge Stock Rankings, reflecting strong market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other stocks</a>.
<figure class="wp-block-image aligncenter 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/2025/05/28004446/Screenshot-2025-05-28-at-10.12.35%E2%80%AFAM.png" alt="" class="wp-image-929241" /></a></figure>
Read Next:
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<li><a href="https://benzinga.com/news/25/05/45620309/navitas-semiconductor-soars-146-on-nvidia-partnership-for-ai-power-systems" target="_blank" rel="noreferrer noopener">Navitas Semiconductor Soars 146% On NVIDIA Partnership For AI Power Systems</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: Jack Hong / Shutterstock.com

Media

HNHAF

MSFT

Nvidia's Blackwell AI Servers Are Back In Production After Key Supply Chain Partners Like Foxconn Fix Overheating Issues: Report

Nokia and blackned to create next-generation deployable tactical networks for the defense sector
<ul>
<li>Companies sign agreement to provide advanced, deployable mobile communication systems for military battlefield operation.</li>
<li>Tailored for Germany's defense requirements, with adaptability for international use.</li>
<li>Leverages Nokia's cutting-edge 5G technology and blackned's expertise in defense digitalization to enable high performance, scalability and strategic advantage. &nbsp;</li>
</ul>

Nokia And blackned Sign Agreement To Create Future-Ready, Software-Defined Deployable Tactical Networks For The Modern Battlefield

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) accelerated its manufacturing pivot from China to India as U.S. iPhone shipments from the country jumped 76% year-over-year in April, reaching 3 million units.
What Happened: India&#8217;s iPhone exports to the U.S. soared 76% in April compared to the same period last year, according to data from Canalys, now part of Omdia. U.S. iPhone shipments from India reached approximately 3 million units, while Chinese shipments plummeted 76% to just 900,000 units over the same timeframe, <a href="https://www.cnbc.com/2025/05/27/indias-iphone-exports-to-the-us-soared-an-estimated-76percent-in-april.html">reported</a> CNBC.
The surge reflects Apple&#8217;s aggressive response to Washington&#8217;s tariff policies. iPhones imported from China face an additional 30% duty under current tariffs, while India faces the baseline 10% rate. President Donald Trump exempted consumer electronics from reciprocal tariffs on April 11, but maintained pressure on Apple to manufacture domestically.
Le Xuan Chiew, Omdia research manager, noted Apple&#8217;s preparation for trade disruptions began during the COVID-19 pandemic. The company stockpiled inventory ahead of Trump&#8217;s April 2 tariff announcement, contributing to unusually high March shipments.
See Also: <a href="https://www.benzinga.com/25/05/45636302/nvidia-amd-stand-to-gain-big-as-japan-proposes-about-7-billion-us-chip-deal-in-tariff-talks-report">Nvidia, AMD Could Stand To Gain Big Time As Japan Proposes $7 Billion Chip Deal In Trump Tariff Talks Amid China Export Curbs: Report</a>
Why It Matters: The shift positions Apple to navigate escalating trade tensions but faces significant challenges. Trump threatened a 25% tariff on all iPhone shipments Friday, demanding domestic manufacturing. JPMorgan analyst Samik Chatterjee maintains an Overweight rating, stating Apple is <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst">&#8220;well positioned&#8221;</a> to absorb tariff costs through modest price increases of approximately $50 per device.
Apple recently <a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report">invested $1.5 billion through Foxconn </a>for display module production near Chennai, despite Trump&#8217;s criticism of Indian expansion. Ming-Chi Kuo <a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">argues that absorbing tariffs</a> remains more profitable than U.S. manufacturing relocation.
India <a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">contributed 18% of global iPhone production in 2024</a>, projected to reach 32% in 2025, per Counterpoint Research. However, Omdia estimates India won&#8217;t match U.S. quarterly demand of 20 million units until 2026.
Image Via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/management/25/05/45636136/jeff-bezos-says-obsessing-with-this-one-thing-is-silly-heres-why-the-amazon-founder-swears-by-working-backwards-on-impossible-problems">Jeff Bezos Says Obsessing With This One Thing Is &#8216;Silly&#8217;, Here&#8217;s Why The Amazon Founder Swears By &#8216;Working Backwards&#8217; On Impossible Problems</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Ramps Up India Manufacturing As US iPhone Imports Surge 76% In April, While Shipments From China Plunge

Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.61 by 21.31 percent. This is a 40 percent decrease over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $1.04 billion which beat the analyst consensus estimate of $962.00 million by 7.69 percent. This is a 4.52 percent decrease over sales of $1.08 billion the same period last year.

Earnings Beats

Earnings Misses

Sociedad Quimica Y Minera Q1 EPS $0.48 Misses $0.61 Estimate, Sales $1.04B Beat $962.00M Estimate

Press Releases

Lucid Diagnostics to Participate in Fireside Chat at the 24th Annual Needham Virtual Healthcare Conference

Offerings

Lucid Diagnostics Announces Proposed Public Offering of Common Stock

Lucid Diagnostics Announces Pricing of Public Offering of Common Stock

Lucid Diagnostics Announces Closing of Public Offering of Common Stock

NCI-Sponsored Study Shows Positive Data for Lucid Diagnostics' EsoGuard® Esophageal DNA Test in Patients Without Symptomatic GERD

Lucid Diagnostics to Hold a Business Update Conference Call and Webcast on May 14, 2025

PAVmed to Hold a Business Update Conference Call and Webcast on May 15, 2025

Lucid Diagnostics Provides Business Update and Reports First Quarter 2025 Financial Results

PAVmed Provides Business Update and Reports First Quarter 2025 Financial Results

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