Sphere Entertainment (NYSE:SPHR) Stock

SPHERE ENTERTAINMENT CO

Sphere Entertainment

Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.

Sphere Entertainment Co. Class A Common Stock

Sphere Entertainment Co

STARPHARMA HOLDINGS LTD by Starpharma Holdings Ltd.

Starpharma Holdings Ltd

STARPHARMA HLDGS S/ADR by Starpharma Holdings Ltd.

Terreno Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRNO#NYSE">TRNO</a>), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Long Island City Queens, New York on June 18, 2025 for a purchase price of approximately $16.0 million.
The property consists of one industrial distribution building containing approximately 36,000 square feet on 1.0 acres. The property is at 11-40 Borden Avenue, adjacent to the entrance to the Queens-Midtown Tunnel and the Pulaski Bridge, and provides two dock-high and one van-level loading positions. The property is 100% leased through May 2028 to an insulation distributor and the estimated stabilized cap rate is 3.9%.
Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

TRNO

Terreno Realty Acquired An Industrial Property Located In Long Island City Queens, New York On June 18, 2025 For A Purchase Price Of ~$16M

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">88.96</td>
<td align="right">0.30</td>
<td align="right">0.33</td>
<td>58.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">242.01</td>
<td align="right">0.69</td>
<td align="right">0.28</td>
<td>9.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">80.47</td>
<td align="right">0.12</td>
<td align="right">0.14</td>
<td>582</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">210.63</td>
<td align="right">0.30</td>
<td align="right">0.14</td>
<td>1.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">87.31</td>
<td align="right">0.05</td>
<td align="right">0.05</td>
<td>322</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">103.47</td>
<td align="right">0.05</td>
<td align="right">0.04</td>
<td>934</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">133.38</td>
<td align="right">-0.09</td>
<td align="right">-0.07</td>
<td>13.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">142.51</td>
<td align="right">-0.04</td>
<td align="right">-0.03</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

Pre-Market Outlook

Movers

ETFs

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For June 19, 2025

Kremlin spokesman Dmitry Peskov expressed Russian President&nbsp;Vladimir Putin&#8216;s appreciation for U.S. President&nbsp;Donald Trump&#8216;s efforts to help resolve the Russia-Ukraine conflict.
What Happened:&nbsp;Peskov, in an interview with RBC, conveyed Putin&#8217;s gratitude for Trump&#8217;s willingness&nbsp;to assist in resolving the&nbsp;ongoing Russia-Ukraine conflict, as reported by&nbsp;<a href="https://tass.com/politics/1976019">TASS</a>&nbsp;on Thursday.&nbsp;&#8220;President&nbsp;Putin sincerely appreciates Trump's readiness&nbsp;to help find a solution&nbsp;to this ongoing crisis, as&nbsp;well as the efforts that&nbsp;he and his team are&nbsp;making. Such support is very&nbsp;significant.&#8221;
Peskov also clarified Trump&#8217;s previous claims of being able to&nbsp;stop the Russia-Ukraine conflict within&nbsp;a day as largely figurative. He noted that as Trump delves into the issue, he is starting to grasp that the conflict&#8217;s roots go beyond Ukraine, stemming from NATO expansion, past U.S. policies, and neglect of Russia&#8217;s legitimate concerns.
Meanwhile, the Kremlin has warned the U.S.&nbsp;against military intervention in the&nbsp;Iran-Israel conflict, with Russian Foreign Ministry Spokeswoman&nbsp;Maria Zakharova&nbsp;telling reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF) that such a step could lead to uncontrollable consequences. 
&#8220;We would like to especially warn Washington against military intervention in the situation, which would be an extremely dangerous step with truly unpredictable negative consequences,&#8221;&nbsp;cautioned Zakharova.
Russia stated that it is actively involved in diplomatic efforts to resolve the&nbsp;conflict between Iran and Israel.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45988135/bernie-sanders-slams-israels-illegal-attack-on-iran-says-absolutely-imperative-that-the-united-stat" target="_blank" rel="noreferrer noopener">Bernie Sanders Slams Israel&#8217;s &#8216;Illegal&#8217; Attack On Iran, Says &#8216;Absolutely Imperative That The United States Not Be Dragged Into This War&#8217;</a>
Why It Matters: Putin&#8217;s recent comments on the Russia-Ukraine conflict come amid escalating tensions in the region. Meanwhile, the U.S. has been a vocal critic of Russia&#8217;s actions in Ukraine, with Trump condemning Putin&#8217;s <a href="https://www.benzinga.com/25/05/45611680/trump-calls-putin-crazy-after-ukraine-strikes-kremlin-says-hes-being-emotional">&#8220;crazy&#8221; behavior</a> following a significant aerial assault on Ukraine, which the Kremlin pushed aside as an &#8216;Emotional Overload&#8217; on Trump&#8217;s part.
These recent developments are also taking place in the context of the U.S.&#8217;s&nbsp;potential <a href="https://www.benzinga.com/news/politics/25/06/46011719/trump-greenlights-iran-attack-plans-awaits-tehrans-next-move-for-final-order-report">military action</a> against Iran, with Trump reportedly giving the go-ahead for such action pending Iran&#8217;s response to the Israel-Iran conflict. Meanwhile, the Russian president has ruled out discussions on the assassination of Iran&#8217;s Ayatollah.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45667896/hedera-co-founder-predicts-that-everything-of-value-will-be-tokenized" target="_blank" rel="noreferrer noopener">Hedera Co-Founder Predicts That &#8216;Everything Of Value&#8217; Will Be Tokenized (CORRECTED) &#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.

News

Putin Lauds Trump's 'Significant' Support On Ukraine Talks As Russia Warns US To Stay Out Of Iran

LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Tony Hamill as Senior Vice President, Chief Operating Officer, effective June 30, 2025.

Management

LP Building Solutions Announces The Appointment Of Tony Hamill As Senior Vice President, COO, Effective June 30, 2025

<a href="https://www.globenewswire.com/Tracker?data=AoVOkXR7S0pTSe-ZQBhtHUrqqhAgA90U1ZRIWOWEPa0mvmMvjVS2TvhkWD4xJQGrHOWaR9qgNaKut-KfmQ5tCaNPw6N0AIaP4BbzBQkM7ARZn2Kg-ZIc421FMgo8R5apT6vL9AI-NhzGlSbayZmdjg==">Security Information Systems (SIS),</a> Global leader in alarm integration and monitoring software, part of EverCommerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVCM#NASDAQ">EVCM</a>), a leading provider of SaaS solutions for service SMBs, and <a href="https://www.globenewswire.com/Tracker?data=KEvL23QHnC_YZ6dzVsOdXWBKRxBkJSWzh4lh9mws-Wz0SOugOFOmhMWHIZSmU3nlohFar7iXUP1CZVpThxA84lxTf7pxl82bbiBcAkfDuMM=">Carahsoft Technology Corp</a>., the Trusted Government IT Solutions Provider&#xAE;, today announced a strategic partnership. Under this agreement, Carahsoft will serve as SIS's Public Sector distributor, making SIS's advanced security and Operational Technology (OT) data lake solutions available to the Public Sector through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V and The Quilt&nbsp;contracts.&nbsp;

EVCM

EverCommerce's Security Information Systems Partners With Carahsoft To Expand Public Sector Access To Advanced Security And Operational Technology Data Solutions

<ul>
<li>A post-hoc analysis demonstrates that buprenorphine exposure with 300 mg SUBLOCADE&#xAE; (buprenorphine extended-release) may improve treatment outcomes among opioid use disorder (OUD) patients with heavy fentanyl use1</li>
<li>Additional Indivior-funded research identified OUD treatment barriers in American Indian/Alaska Native (AI/AN) people who are often affected by higher drug overdose death rates compared to other racial and ethnic groups2-5</li>
</ul>
RICHMOND, Va., June 19, 2025 /PRNewswire/ --&nbsp;Indivior PLC (NASDAQ:<a href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>)&nbsp;presented new findings this week at the College on Problems of Drug Dependence (CPDD) Annual Scientific Meeting. A post hoc analysis showed that patients with heavier fentanyl use experienced clinically meaningful improvements in opioid abstinence when treated with a 300 mg maintenance dose of SUBLOCADE, compared to the 100 mg dose. While the 300 mg dose did not demonstrate a statistically significant advantage over 100 mg for weekly abstinence—the study's primary endpoint—in the overall population with moderate to severe opioid use disorder (OUD), the results suggest that higher doses of SUBLOCADE may offer better outcomes for individuals with high levels of fentanyl use.

Biotech

General

INDV

Indivior Presents Data Showing 300 mg SUBLOCADE May Improve Outcomes For Opioid Use Disorder Patients With Heavy Fentanyl Use

Middleby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MIDD#NYSE">MIDD</a>) short percent of float has risen 8.79% since its last report. The company recently reported that it has 3.62 million shares sold short, which is 8.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Middleby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750338031_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Middleby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Middleby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Middleby's peer group average for short interest as a percentage of float is 3.41%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

MIDD

What Does the Market Think About Middleby?

Centene's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) short percent of float has fallen 28.29% since its last report. The company recently reported that it has 7.82 million shares sold short, which is 1.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Centene Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750338026_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Centene has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Centene's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Centene's peer group average for short interest as a percentage of float is 5.07%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Is the Market Bullish or Bearish on Centene?

Royalty Pharma's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NYSE">RPRX</a>) short percent of float has risen 40.0% since its last report. The company recently reported that it has 29.02 million shares sold short, which is 7.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Royalty Pharma Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750338020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Royalty Pharma has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Royalty Pharma's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Royalty Pharma's peer group average for short interest as a percentage of float is 3.78%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

RPRX

How Is The Market Feeling About Royalty Pharma?

JetZero, a California-based aerospace startup, has <a href="https://www.prnewswire.com/news-releases/jetzero-selects-north-carolina-for-4-7b-production-facility-will-create-over-14-500-jobs-302479910.html">announced</a> a $4.7 billion investment to build its first manufacturing facility in Greensboro, North Carolina — a move that could position it to compete with industry giants such as Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus.&nbsp;
The new plant, located at Piedmont Triad International Airport, will manufacture the company's all-wing commercial jet, the Z4, and is expected to create over 14,500 jobs by 2036 — a record-setting employment commitment for the state, according to the North Carolina Department of Commerce.
Don't Miss:
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">with $1,000 you can invest at just $0.30/share!</a></li>
</ul>
The Z4 aircraft is designed to deliver up to 50% greater fuel efficiency compared to conventional tube-and-wing jetliners. It will seat approximately 250 passengers and offer a range of 5,000 nautical miles. Initially powered by conventional jet fuel, the aircraft is also being developed with the potential for future hydrogen conversion, JetZero<a href="https://www.jetzero.aero/jetzero-selectsgreensborro-nc-for-factory"> said</a>.
The company says its blended-wing design reduces drag and positions its engines on the upper rear fuselage, enabling significantly quieter operation.
<h2 class="wp-block-heading">Airline Backing and Federal Support</h2>
JetZero has raised over $300 million in funding to date, including U.S. Air Force funding to support development of a full-scale demonstrator scheduled to fly by 2027, according to the<a href="https://apnews.com/article/north-carolina-airplane-plant-jetzero-fdb49ed6c9d38981765ef1f421e3357a"> Associated Press</a>. The company said it has signed conditional purchase agreements with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), and formed a working group with 14 carriers to align the Z4's design with airport compatibility and operational requirements.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
The facility is being developed in partnership with Siemens AG to include AI-driven digital manufacturing systems, with the goal of accelerating production and reducing costs, according to the release.
<h2 class="wp-block-heading">A Strategic Win for North Carolina's Aerospace Ecosystem</h2>
JetZero's headquarters will relocate from Long Beach, California, to Greensboro once the site is operational. Production is scheduled to begin in the first half of 2026, with commercial deliveries targeted for the early 2030s. According to the AP, the company aims to eventually produce up to 20 aircraft per month.
&#8220;This is more than just a factory. It's a launchpad for a new chapter of American aerospace,&#8221; said JetZero CEO Tom O'Leary to the AP.
The North Carolina Department of Commerce said the facility will generate average wages of over $89,000 per year, significantly above the county average. Economic incentives for the project—if all investment and employment milestones are met—could total more than $2.35 billion by the 2060s, including contributions from state and local governments.
"North Carolina was first in flight. We are also the future of flight," North Carolina Gov. Josh Stein said at the formal announcement at Piedmont Triad International Airport, the AP reported.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">Building A Local Talent Pipeline</h2>
The North Carolina Community College System, with 58 campuses statewide, <a href="https://www.prnewswire.com/news-releases/nc-community-college-system-to-provide-customized-training-program-for-jetzeros-4-7-billion-manufacturing-site-302480312.html">said</a> it will develop a customized workforce training program in partnership with JetZero. A dedicated $22 million training initiative is being coordinated with Guilford Technical Community College and other regional institutions.
JetZero joins a growing aerospace cluster at the Piedmont Triad International Airport, already home to Honda Aircraft, Boom Supersonic, and over 400 aerospace companies across North Carolina, <a href="https://fortune.com/2025/06/13/all-wing-plane-startup-jetzero-plans-build-billion-plant-north-carolina/">Fortune</a> reported.
Read Next: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – Many are rushing to <a href="https://www.benzinga.com/money/mode-mobile-2">grab 4,000 of its pre-IPO shares for just $0.30/share!</a>
Image: Shutterstock

JetZero Bets $4.7B On Revolutionary Aircraft – Could This Challenge Boeing, Airbus?

Rush Truck Centres of Canada, a subsidiary of Rush Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>), the largest network of commercial vehicle dealerships in North America, is pleased to announce the acquisition of Leeds Transit, a leading Canadian bus dealership group covering Ontario, Quebec, and the Maritimes.
The newly formed division will operate under the name Rush Bus Centres of Canada and will function as a separate business unit within Rush Truck Centres of Canada.
As part of the acquisition, Rush Bus Centres will continue operations at Leeds Transit's current dealership locations in Elgin, Ontario; Woodstock, Ontario; and St-Roch-de-l'Achigan, Quebec. The division will offer the full lineup of IC Bus and Collins Bus products throughout its regional territory.

RUSHA

Rush Enterprises' Rush Truck Centres Of Canada Acquires Leeds Transit, Launches Rush Bus Centres Division To Expand Bus Dealership Operations; No Financial Terms Disclosed

As the Middle East conflict intensifies, Shell Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHELL#NYSE">SHELL</a>) CEO Wael Sawan warns of potential repercussions on global trade, particularly if the U.S. gets involved.
What Happened:  Sawan, during Japan Energy Summit and Exhibition 2025, expressed concern over the escalating conflict between Israel and Iran, stating it could have a &#8220;huge impact on global trade.&#8221; Shell, a leading global trader of oil and natural gas, has already devised contingency plans to counter any potential disruption in the region&#8217;s oil flow due to the conflict, <a href="https://www.energyconnects.com/opinion/features/2025/june/shell-ceo-wael-sawan-lays-out-long-term-vision-amid-global-energy-shifts/">reported </a>by Energy Connects.
Sawan highlighted the strategic importance of the Strait of Hormuz, a major artery for the world&#8217;s oil trade, at an energy conference in Tokyo. He warned that a blockade in the Strait could send shockwaves in the energy market. The CEO noted that 20% of the world oil supply comes through Hormuz and finding an &#8220;alternative&#8221; would be challenging.
&#8220;If that artery is blocked, for whatever reason, it has a huge impact on global trade… We have plans in the eventuality that things deteriorate,&#8221; said Sawan as per Guardian. 
He also expressed concern about potential &#8220;jamming&#8221; or disruption of navigation signals in and around the Persian Gulf.
Sawan expressed his opinion on the changing world order and its impact on the energy markets. &#8220;We need to set actions for a new reality."
Meanwhile, U.S. President Donald Trump has suggested that the U.S. could intervene in the air war between Israel and Iran. This development further intensifies the potential impact of the conflict on global trade.
SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/46011719/trump-greenlights-iran-attack-plans-awaits-tehrans-next-move-for-final-order-report" target="_blank" rel="noreferrer noopener">Trump Greenlights Iran Attack Plans, Awaits Tehran&#8217;s Next Move For Final Order: Report</a>
Why It Matters: The Israel-Iran conflict has been escalating, with both countries engaging in military actions. This conflict has the potential to disrupt the global oil market, impacting not only oil prices but also global trade and economies.
Earlier this month,&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45958514/these-penny-stocks-stand-to-gain-from-israel-iran-conflict-induced-volatility-in-crude-oil-analyst">analysts suggested</a>&nbsp;that the Israel-Iran conflict could lead to increased volatility in crude oil prices, benefiting companies like Shell. This prediction aligns with Sawan&#8217;s warning about the potential impact of the conflict on global trade, further emphasizing the significance of the situation.
Shell has been actively involved in the oil and gas industry, recently expanding its <a href="https://www.benzinga.com/news/large-cap/25/05/45664619/shell-boosts-nigerian-deepwater-assets-with-totalenergies-stake-purchase">Nigerian deepwater</a> assets through a strategic acquisition. The company&#8217;s stock performance is closely linked to global oil market dynamics, making the Israel-Iran conflict a critical factor for investors to monitor.
Brent crude oil prices have climbed 8.72% over the past five days amid escalating conflict. 
On a year-to-date basis, shares of Shell surged 14.10%, as per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/topics/25/06/46011774/israel-launches-overnight-strikes-on-iran-targeting-nuclear-site-military-infrastructure-with-40-figh" target="_blank" rel="noreferrer noopener">Israel Launches Overnight Strikes On Iran, Targeting Nuclear Site, Military Infrastructure With 40 Fighter Jets</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.

SHELL

Shell CEO Warns Of 'Huge Impact On Global Trade' If The Strait Of Hormuz Is Blocked Amid Israel-Iran Conflict: 'We Need To Set Actions For A New Reality'

Social Security and Medicare's main trust funds will be depleted in 2033, a year earlier than last forecast, trustees said Wednesday.
What Happened: The annual report advanced Medicare's insolvency date by three years after higher-than-expected 2024 hospital spending and slower wage growth eroded reserves. Unless Congress acts, benefits would fall 23% for Social Security and 11% for Medicare hospital care.
Treasury Secretary Scott Bessent, Health and Human Services Secretary Robert F. Kennedy Jr. and the other trustees urged urgent legislative action to protect roughly 70 million Social Security beneficiaries and 66 million Medicare enrollees.
Payroll taxes — 6.2% for Social Security on earnings up to $176,100 in 2025 and 1.45% for Medicare on all wages — remain the programs' primary revenue source. Because outlays already exceed income, reserves will be tapped annually until they vanish. After that, payroll collections would cover only 79% of scheduled Social Security checks.
See also: <a href="https://www.benzinga.com/news/events/25/06/46013861/juneteenth-turns-159-a-celebration-of-delayed-freedom-that-only-recently-became-a-federal-holiday">Juneteenth Turns 159: A Celebration Of Delayed Freedom That Only Recently Became A Federal Holiday</a>
Why It Matters: Progressive groups such as Social Security Works urge Congress to <a href="https://www.benzinga.com/personal-finance/25/03/44368080/ssa-to-seek-100-recovery-on-social-security-overpayments-heres-what-this-means-for-your-benefits">scrap the wage cap</a> and tax high earners, while the Cato Institute backs slower benefit growth to close the gap.
Public anxiety is rising too. A recent survey <a href="https://www.benzinga.com/personal-finance/management/25/06/45720416/6-in-10-americans-fear-social-security-will-vanish-before-they-retire-as-2033-insolvency-clock-ticks-louder">found 60% of Americans</a> fear the program will "vanish" before they retire, a worry advisers say is driving early claims that permanently shrink checks.
There have also been proposals to raise the <a href="https://www.benzinga.com/25/05/45534539/social-security-full-retirement-age-shift-means-filing-at-62-could-chop-your-check-by-30-what-every-worker-born-in-1960-or-later-must-know">full retirement age</a> beyond 67 and to lean on immigration, which generally boosts payroll revenue, though both ideas face partisan gridlock. History shows Congress often waits until deadlines loom; with just eight years left, lawmakers must soon decide whether to raise taxes, curb benefits or adopt a mix of both.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/personal-finance/management/25/06/46013677/30-year-old-dentist-doesnt-believe-25-of-60-year-old-doctors-have-less-than-1m-says-most-teachers-hit-that-making-1-10th-a-doc-salary">30-Year-Old Dentist Doesn&#8217;t Believe 25% Of 60-Year-Old Doctors Have Less Than $1M, Says &#8216;Most Teachers Hit That Making 1/10th A Doc Salary&#8217;</a>

Personal Finance

Social Security And Medicare Funds Could Run Dry Earlier Than Expected, New Report Shows

<a href="https://www.unifor.org/news/all-news/unifor-local-973-members-ratify-new-collective-agreement-coca-cola">https://www.unifor.org/news/all-news/unifor-local-973-members-ratify-new-collective-agreement-coca-cola</a>
 Unifor Local 973 members have voted in favour of a new three-year collective agreement with Coca-Cola, securing key gains in wages and pensions for 700 workers at the Brampton production facility.
The new agreement delivers annual wage increases of 4%, 4%, and 5% over the term of the contract, as well as improvements to the defined benefit pension plan, including a $2 per year increase—totaling $6 over the life of the agreement.

Unifor Local 973 Members Approve New 3-Year Contract With Coca-Cola, Securing Wage Increases And Pension Improvements For 700 Brampton Workers

JPMorgan suggests that investors are indirectly exposed to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) through their investments in Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), with the passive ownership posing a risk to the stock.
What Happened:&nbsp;JPMorgan&#8217;s research, led by Nikolaos Panigirtzoglou, revealed that investors have poured&nbsp;as much as $50 billion&nbsp;into MicroStrategy, a company that has shifted its focus to Bitcoin,&nbsp;<a href="https://www.marketwatch.com/story/heres-how-bitcoin-is-entering-investor-portfolios-through-the-backdoor-3e1882c3?mod=bulletin_ribbon">MarketWatch</a>&nbsp;reported.
These investments are indirect, as around $14 billion worth of MicroStrategy shares are held by mutual funds or exchange-traded funds (ETFs) that track an index featuring the company. This figure could be even higher, as it excludes passive or active funds that hold MicroStrategy without it being part of their benchmark, as well as institutional investors such as Norges Bank and the Swiss National Bank, which are mandated to follow index compositions.
When these additional factors are considered, the total investment in MicroStrategy&nbsp;could be closer to $50&nbsp;billion, a significant portion of the company&#8217;s $100 billion market cap.
The heavy reliance on passive funds, which make up a fifth of the company&#8217;s ownership, poses a risk to MicroStrategy&#8217;s valuation.&nbsp;The company&#8217;s presence in equity indices exposes it to the risk of removal if it no longer meets the index criteria or if those criteria are revised in the future.
&#8220;If the bitcoin price fails to achieve sustained and strong annual appreciation in the future, preferred stock issuance and the MicroStrategy stock price could come under severe pressure,&#8221; warned JPMorgan.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/45969197/mark-cuban-floats-bold-healthcare-plan-zero-premiums-to-insurance-companies-with-a-cash-pay-revo" target="_blank" rel="noreferrer noopener">Mark Cuban Floats Bold Healthcare Plan: &#8216;Zero Premiums To Insurance Companies&#8217; With A Cash-Pay Revolution</a>
Why It Matters: MicroStrategy&#8217;s aggressive Bitcoin accumulation has been a topic of concern for some time. Digital asset bank Sygnum warned that the company&#8217;s Bitcoin accumulation <a href="https://www.benzinga.com/markets/25/06/45955730/microstrategys-bitcoin-accumulation-threatens-its-reserve-asset-status-sygnum-says">could undermine</a> the asset&#8217;s potential as a reserve asset for central banks and other institutions.
Despite these concerns, MicroStrategy has continued to expand its Bitcoin holdings, recently&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949930/strategy-acquires-1-05-billion-in-bitcoin-pushes-holdings-to-592100-btc-with-19-1-yield-in-2025">acquiring an additional</a> 10,100 Bitcoin for approximately $1.05 billion. This brought the company&#8217;s total holdings to 592,100 BTC, with a cumulative cost of $41.84 billion and a yield of 19.1% in 2025.
MicroStrategy&#8217;s CEO,&nbsp;Michael Saylor, has been a vocal advocate for Bitcoin,&nbsp;stating that he sees a <a href="https://www.benzinga.com/crypto/25/06/45990339/michael-saylors-strategy-nears-600000-bitcoin-after-1-billion-buy-funded-by-high-yield-ipo-says-td-cowen-sees-very-safe-upside">&#8216;very safe&#8217; upside</a>&nbsp;to the company&#8217;s Bitcoin strategy. However, JPMorgan&#8217;s recent findings suggest that the company&#8217;s heavy reliance on passive funds and preferred stock financing could pose a significant risk to its valuation.
Benzinga's Edge Rankings place MicroStrategy in the 95th percentile for momentum and the 3rd percentile for growth, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
On a year-to-date basis, MSTR stock surged 23.01%.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45947347/this-is-hunger-games-people-are-quite-literally-fighting-at-chargers-heres-why-some-buyers-are-callin" target="_blank" rel="noreferrer noopener">&#8216;This Is Hunger Games. People Are Quite Literally Fighting At Chargers&#8217;—Here&#8217;s Why Some Buyers Are Calling Their EV Purchase A Huge Mistake</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.

$BTC

MSTR

Does Michael Saylor's MSTR Stock Face Valuation Risk Due to Heavy Reliance on Passive Funds? Top Analyst Thinks So: 'If The Bitcoin Price Falls…'

Updated Full-Year 2025 Guidance
&quot;Across our operations, we are seeing better than expected volumes and accelerated productivity gains in existing operations and new start-ups,&quot; added Wilson. &quot;Coupled with greater clarity on the timing of synergy benefits from the Wincanton acquisition, we are pleased to raise our full-year guidance, reflecting the resilience and visibility of our model and our diversification across geographies and verticals.&quot;
Updated full-year 2025 guidance1&nbsp;includes expected synergies of the Wincanton acquisition which remains subject to integration commencing in the third quarter:
<ul>
<li>Organic revenue growth2&nbsp;of 3.5% to 6.5% (up from 3% to 6%);</li>
<li>Adjusted EBITDA2&nbsp;of $860 million to $880 million (up from $840 million to $860 million);</li>
<li>Adjusted diluted EPS2&nbsp;of $2.43 to $2.63 (up from $2.40 to $2.60); and</li>
<li>Adjusted EBITDA to free cash flow conversion2&nbsp;of 25% to 35% (unchanged).</li>
</ul>

Guidance

GXO Raises FY25 Guidance, Now Sees Organic Growth From 3% - 6% To 3.5% - 6.5%; Adjusted EBITDA From $840M - $860M To $860M - $880M; Adjusted EPS From $2.40 - $2.60 To $2.43 - $2.63 Per Share

Americans observe Juneteenth every June 19, commemorating the day Union soldiers marched into Galveston, Texas, on June 19, 1865, and enforced the Emancipation Proclamation, more than two years after President Abraham Lincoln issued it. Their arrival effectively ended slavery in the Confederacy's most remote state.
President Lincoln's proclamation freed enslaved people in rebelling states only on paper until Union troops imposed it on the ground. As the Galveston History Foundation <a href="https://www.galvestonhistory.org/news/juneteenth-and-general-order-no-3#:~:text=After%20the%20Civil%20War%20ended,triumph%20of%20the%20human%20spirit">recounts</a>, Texas — largely untouched by Union forces — kept hundreds of thousands in bondage until Gen. Gordon Granger rode into Galveston and read General Order No. 3, instantly declaring their freedom.
Though Juneteenth wasn't a federal holiday until June 17, 2021, when President Biden <a href="https://www.benzinga.com/government/21/06/21612957/what-is-juneteenth-and-how-did-it-become-the-11th-us-federal-holiday">signed legislation</a> making it the 11th federal holiday, communities had been celebrating for over 150 years, with origins dating back to June 19, 1866, in Texas.
Early celebrations, called &#8220;Jubilee Day,&#8221; featured church gatherings, parades, picnics, and voter education. They became part of the cultural fabric across Black communities during the Great Migration, enduring even as attention shifted during the Civil Rights era.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46012959/elon-musks-neuralink-implants-brain-chip-in-6th-patient-enables-paralyzed-man-to-move-cursor-play-game-with-his-mind">Elon Musk&#8217;s Neuralink Implants Brain Chip In 6th Patient, Enables Paralyzed Man To Move Cursor, Play Game With His Mind</a>
<h3 class="wp-block-heading">Doubts About The Date</h3>
Juneteenth may spotlight the end of slavery in the United States, but slavery remained legal until Congress ratified the 13th Amendment on Dec. 18, 1865. President Lincoln's Emancipation Proclamation freed enslaved people only in the states that had seceded to form the Confederacy, and he lacked the authority to abolish slavery by executive order within Union states. Delaware and Kentucky kept slavery legal until the 13th Amendment became law.
<h3 class="wp-block-heading">Why It Still Matters</h3>
Juneteenth honors a pivotal moment in American history and signals the beginning, not the end, of the struggle for Black liberation. Communities celebrate identity, art, and economic progress with music, storytelling, educational forums, and voter drives. Decades of grassroots activists, led by Opal Lee, the "grandmother of Juneteenth" and energized by the Black Lives Matter movement, pushed Congress to designate Juneteenth a federal holiday, celebrating the resilience of Black Americans.
<h3 class="wp-block-heading">What To Know About Today's Observance</h3>
Juneteenth launches a season of reflection leading up to July 4. In 2025, June 19 falls on a Thursday, and Wall Street will <a href="https://www.benzinga.com/news/events/25/06/46010720/are-markets-open-on-juneteenth-this-year-heres-whats-open-and-whats-closed-on-june-19">close for the day</a>. U.S. stock and bond markets, banks, federal offices, schools and postal services will all pause in observance.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/news/politics/25/06/46013003/gop-budget-bill-plans-to-sell-over-2-million-acres-of-public-land-across-11-states-faces-pushback-from-lawmakers-and-conservationists">GOP Budget Bill Plans To Sell Over 2 Million Acres Of Public Land Across 11 States, Faces Pushback From Lawmakers And Conservationists</a>

Equities

Events

Markets

Juneteenth Turns 159: A Celebration Of Delayed Freedom That Only Recently Became A Federal Holiday

GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>), the world's largest pure-play contract logistics provider, today announced that the UK Competition and Markets Authority (CMA) has cleared GXO's acquisition of Wincanton subject to the divestment of a small number of Wincanton grocery contracts in the UK, and that integration will be permitted with the vast majority of the Wincanton business once certain administrative conditions are met. The company also announced today that it is raising full-year guidance on organic revenue growth, adjusted EBITDA and adjusted diluted EPS.&nbsp;

GXO Receives UK CMA Clearance For Wincanton Acquisition, Subject To The Divestment Of A Small Number Of Wincanton Grocery Contracts In The UK

Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) today announced a strategic collaboration with PETRONAS Carigali Sdn. Bhd. to advance subsurface modeling and reservoir management. As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark's DecisionSpace&#xAE; 365 <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.halliburton.com%2Fen%2Fproducts%2Fgeosciences-suite&amp;esheet=54277838&amp;newsitemid=20250617692813&amp;lan=en-US&amp;anchor=Geosciences+Suite&amp;index=1&amp;md5=2b13207340e3987304fa3f0fed48edc1">Geosciences Suite</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.halliburton.com%2Fen%2Fproducts%2Freservoir-suite%2Funified-ensemble-modeling&amp;esheet=54277838&amp;newsitemid=20250617692813&amp;lan=en-US&amp;anchor=Unified+Ensemble+Modeling&amp;index=2&amp;md5=6616e2c4f23d83697e76c551068da8e9">Unified Ensemble Modeling</a> solutions with the objective to unify exploration and development workflows and accelerate time to first oil.
Halliburton Landmark's next-generation scalable earth modeling and ensemble workflows are a significant evolution from traditional grid-based modeling and deterministic reservoir forecasting. These technologies are intended to enable PETRONAS Carigali Sdn. Bhd. exploration and asset teams to collaborate in real time using a unified live earth model, with the aim of achieving more accurate reserve estimations through ensemble modeling.
The Geosciences Suite's scalable earth modeling maintains geological fidelity across all scales—from basin-wide views to individual fields—to ensure consistent data and models flow from exploration to development. This integrated workflow supports faster project maturation through the Front-End Loading process. Using the Unified Ensemble Modeling solution, asset teams can automate the generation of multiple probabilistic geological scenarios while integrating real-time reservoir flow data. This approach is designed to enhance forecast precision, accelerate scenario analysis, and improve confidence in decision-making.

Halliburton And PETRONAS Carigali Partner To Advance Subsurface Modeling And Reservoir Management With Landmark's DecisionSpace 365 And Ensemble Modeling Solutions

Dan Ives&#8216; new artificial intelligence exchange-traded fund (ETF) holds securities beyond the Magnificent 7 stocks, as he believes in looking past valuations for investments in the technology sector.
What Happened: The Dan IVES Wedbush AI Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVES#NYSE">IVES</a>), managed by the Wedbush analyst, started trading on June 4, earlier this month.
Ives <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45774136/wedbush-launches-ai-revolution-etf-backed-by-dan-ives-proprietary-tech-picks">boasts of the fund</a> by saying that it just doesn&#8217;t have the top four, five Magnificent 7 names, but stocks which investors wouldn&#8217;t even thematically consider as an AI name today. 
"I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he told CNBC.
According to him, tech trade remains significant even for the investors who missed out on its growth in the past few years.
"If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said.
Ives says Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will be the &#8220;epicenter&#8221; of the AI theme, while highlighting other &#8216;AI 30&#8217; stocks which are part of his fund.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), SoundHound AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), and Innodata Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) are a few notable names that are a part of his ETF&#8217;s &#8216;AI 30&#8217; basket.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) are the top three holdings of the IVES fund.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45993387/trumps-tariffs-trigger-layoffs-monopoly-maker-hasbro-slashes-jobs-these-companies-are-cutting-too">Trump&#8217;s Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too</a>
Why It Matters: The &#8216;AI 30&#8217; stocks, which are a part of the IVES ETF, hold the AI plays from multiple industries. They include hyperscalers, cybersecurity, consumer platforms, and robotics. According to Ives, the list was compiled from his deep dives into major AI players.
The ETF has $183 million in assets under management as of June 17 close. Ives said that the AI space was experiencing a "golden age."
The Dan IVES Wedbush AI Revolution ETF has risen by 2.76% since its inception. A comparable index, S&amp;P Kensho Global Artificial Intelligence Enablers, rose 6.08% on a month-to-date basis.
Meanwhile, 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, declined slightly on Wednesday. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99, 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/real-estate/25/06/46000636/warren-buffetts-real-estate-business-sounds-alarm-overpriced-homes-need-reductions">Warren Buffett&#8217;s Real Estate Business Sounds Alarm: &#8216;Overpriced&#8217; Homes Need Reductions</a></li>
</ul>
Photo courtesy: Shutterstock

AVGO

INOD

IVES

MSFT

NVDA

ORCL

PLTR

SOUN

Dan Ives Says Market Is 'Massively Underestimating' This AI Play, Urges Investors To Look Beyong Mag 7

Entertainment

Press Releases

HELLO MY NAME IS… ORBI

Sphere Entertainment Co. Updates Earnings Conference Call Date to March 3, 2025

Earnings

SPHERE ENTERTAINMENT CO. REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2024

THE MSG FAMILY OF COMPANIES AND PEPSICO EXPAND MULTI-YEAR PARTNERSHIP

THE MSG FAMILY OF COMPANIES ANNOUNCE INTEGRATED MARKETING PARTNERSHIP WITH LIQUID DEATH

SPHERE STUDIOS ANNOUNCES TWO NEW EXPERIENCES IN PRODUCTION

Google and Sphere Announce Technology Partnership and Reveal New Details on the AI Technology Behind Upcoming The Wizard of Oz at Sphere

Sphere Entertainment Co. to Host First Quarter 2025 Conference Call

SPHERE ENTERTAINMENT CO. REPORTS FIRST QUARTER 2025 RESULTS

…More Than You Can Imagine: The Wizard of Oz at Sphere Tickets on Sale Now at thesphere.com

MSGE

MSGS

SPHR

AMC Entertainment Holdings, Inc. Class A Common Stock

AMC Entertainment Hldgs

Atlanta Braves Holdings, Inc. - Series A Common Stock

Atlanta Braves Holdings

Atlanta Braves Holdings, Inc. - Series C Common Stock

Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock

Cinemark Holdings

Walt Disney

Liberty Media Corporation - Series A Liberty Formula One Common Stock

Liberty Media

Ordinary Shares (New Liberty Formula One) Series A

Liberty Media Corporation - Series C Liberty Formula One Common Stock

Ordinary Shares (New Liberty Formula One) Series C

iQIYI

K Wave Media

Lionsgate Studios

Liberty Media Corporation - Series A Liberty Live Common Stock

Liberty Live

Ordinary Shares (New Liberty Live) Series A

Liberty Media Corporation - Series C Liberty Live Common Stock

Ordinary Shares (New Liberty Live) Series C

Live Nation Entertainment, Inc. Common Stock

Live Nation Entertainment

Manchester United Ltd. Class A Ordinary Shares

Manchester United

Marcus

Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden

Madison Square Garden Sports Corp. Class A Common Stock (New)

Netflix

Roku

Reservoir Media

Starz Entertainment Corp. - Common Shares

Starz Entertainment

TKO Group Holdings, Inc. Class A Common Stock

TKO Group Holdings

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares

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