Dernières nouvelles pour Procure Space ETF (NASDAQ:UFO)

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Procure Asset Management

The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.

Echostar Corp

Iridium Satellite Llc

Garminltd.

Globalstar Inc

Trimble Inc.

Mda Space Ltd

Eutelsat Sa

Sky Perfect Jsat Holdings Inc

Rocket Lab Usa Inc

Viasat Inc

Sirius Xm Radio

Intuitive Machines Inc A

Planet Labs PBC

Ast Spacemobile Inc Class A

Procure Space ETF

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MNSO

Reported Earlier, MINISO Debuts New Ontario Location With First-Ever Ice Cream Section And Immersive "Shop-And-Play" Experience

BIRK

Birkenstock Prices 17,927,344 Common Shares Secondary Offering At $52.50; Repurchases And Cancels 3,927,344 Shares In Concurrent Transaction

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) unveiled its robotics strategy during its first-quarter 2025 earnings call on Wednesday, positioning the chipmaker for what executives called the emerging &#8220;era of robotics&#8221; as artificial intelligence expands beyond data centers into physical applications.
What Happened: &#8220;The era of robotics is here. Billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories and warehouses will be developed,&#8221; Chief Financial Officer Colette Kress told analysts during the earnings call.
The Santa Clara-based company reported record first-quarter revenue of $44.1 billion, up 69% year-over-year, driven by continued demand for its AI chips. Data center revenue reached $39 billion, representing 73% annual growth as customers deployed NVIDIA&#8217;s Blackwell architecture for reasoning AI applications.
NVIDIA introduced Isaac Groot, described as &#8220;the world&#8217;s first open, fully customizable foundation model for humanoid robots, enabling generalized reasoning and skill development.&#8221; The platform aims to train robots using synthetic data generated through NVIDIA&#8217;s Omniverse simulation environment.
See Also: <a href="https://www.benzinga.com/markets/25/05/45661128/ross-gerber-blasts-trump-for-destroying-nvidias-china-business-gene-munster-says-forget-about-the-china-curbs-because-the-chip-giants-co">Ross Gerber Blasts Trump For &#8216;Destroying&#8217; Nvidia&#8217;s China Business — Gene Munster Says &#8216;Forget About The China Curbs&#8217; Because The Chip Giant&#8217;s Core Business Is &#8216;On Fire&#8217;</a>
Why It Matters: Leading robotics companies, including Agility Robotics, Boston Dynamics, and Figure AI are already integrating NVIDIA&#8217;s technologies. GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) is using the new NVIDIA Isaac platform for robotic imaging and surgery systems development.
CEO Jensen Huang emphasized the strategic importance of robotics during the call, noting that future manufacturing plants will require &#8220;AI factories&#8221; to operate robotic systems. 
Price Action: Nvidia Corp.&#8217;s stock closed at $134.81 on Wednesday, down 0.51% for the day. In after-hours trading, the stock rose sharply by 4.89% to $141.40. Year to date, Nvidia shares are down 2.53%.
NVDA stock enjoys strong momentum, growth, and quality, but performs poorly on valuation metrics, according to Benzinga Edge Stock Rankings. The stock shows a positive price trend across the short to long term. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">the full stock breakdown</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="888" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29010551/image-373.png" alt="" class="wp-image-930852" style="width:429px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29010551/image-373.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29010551/image-373-300x189.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29010551/image-373-768x483.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
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<li><a href="https://www.benzinga.com/25/05/45661911/bitcoin-in-retirement-plans-labor-department-rescinds-biden-era-guidance-on-401k-crypto-inclusion">Bitcoin In Your 401(k)? Trump&#8217;s Labor Department Rolls Back Biden-Era Guidance On Crypto In The Employer-Sponsored Retirement Plan</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: Jack Hong / Shutterstock.com

Equities

Markets

Tech

GEHC

NVDA

Nvidia Unveils Foundation Models For Humanoids, Eyes 'Era of Robotics' As AI Spend Accelerates

<ul>
<li>Stockholders approve proposals designed to enhance the Company's financial stability and empower strategic execution for FX vehicle production and the launch of FX Super One by the end of 2025.</li>
<li>The Company thanks all stockholders for their support and for recognizing the company's strategy, business direction, and the new management team.</li>
<li>The 29% increase in authorized shares reflects the Company's commitment to maintaining a prudent approach to managing dilution.</li>
<li>The Company remains committed to honoring its no-reverse-split pledge, subject to continued Nasdaq listing requirements, and upholding its "Stockholders First" declaration.</li>
<li>The 2025 FFAI Annual Stockholders' Day will be held in Los Angeles on May 31, aiming to foster transparent and close communication with investors.</li>
</ul>

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

FF Stockholders Back Increased Share Authorization And Private Placement To Bolster Capital Structure And FX Strategy

Pakistan will establish a strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve, the government's cryptocurrency advisor announced on Wednesday.
What happened: Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, said at the Bitcoin 2025 conference that the government will hold BTC in a national wallet and &#8220;never ever&#8221; sell them.
"We want to thank the U.S. because we are getting inspired from them," Bilal said. Notably, President Donald Trump signed an Executive Order to establish a <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">strategic Bitcoin reserve</a> earlier in March.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, &#x1f1f5;&#x1f1f0; rewrites history. At Bitcoin 2025 Vegas, Minister of Crypto and Blockchain <a href="https://twitter.com/Bilalbinsaqib?ref_src=twsrc%5Etfw">@bilalbinsaqib</a> announces that Pakistan will be setting up its Strategic Bitcoin Reserve. <a href="https://t.co/1vNjryqimf">pic.twitter.com/1vNjryqimf</a>
&mdash; Pakistan Crypto Council (@cryptocouncilpk) <a href="https://twitter.com/cryptocouncilpk/status/1927901692659433797?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
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The announcement comes amid a series of cryptocurrency-friendly measures undertaken by the South Asian nation.&nbsp;Last week, the finance ministry unveiled plans to assign 2000 megawatts of electricity <a href="https://benzinga.com/25/05/45603775/bitcoin-mining-in-pakistan-south-asian-nation-leverages-surplus-energy-to-mint-new-btc-ai-data-centers">to power Bitcoin mining</a>.&nbsp;
Moreover, Pakistan Crypto Council, a government-backed regulatory body, signed a pact with World Liberty Financial, a cryptocurrency platform <a href="https://www.benzinga.com/25/05/45312897/did-trump-backed-world-liberty-financial-bought-35-million-in-eth-heres-what-on-chain-data-says">backed</a> by Trump, to "accelerate" blockchain innovation in the country.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $107,624.75, down 0.71% 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;
Photo Courtesy: Quality Stock Arts on Shutterstock.com
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</ul>

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

Cryptocurrency

Government

Regulations

$BTC

Pakistan Announces Strategic Reserve 'Inspired' By Trump Moves In The US — Vows To Never Sell Bitcoin

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) revealed that even with a projected $8 billion revenue loss due to <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 curbs on China</a>, the chipmaker's guidance and AI momentum remain stronger than expected.
What Happened: During its <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first-quarter earnings</a> call, Nvidia executives disclosed that new U.S. restrictions on its H20 AI chips bound for China would cost the company about $8 billion in the current quarter.
Despite that setback, Nvidia maintained bullish guidance, citing accelerating demand across multiple business lines. Colette Kress, Nvidia's CFO, confirmed, "Had the export controls not occurred, we would have had orders of about $8 billion for H20."
Still, the company expects $45 billion in the second–quarter revenue, well above Wall Street forecasts, driven by <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">surging demand for its next-gen</a> Blackwell chips and broader AI infrastructure growth.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search" target="_blank" rel="noreferrer noopener">Alphabet ‘Well Positioned&#8217; For Google Search Dominance: Analyst Says Can ‘Navigate The Shift To AI Search&#8217;</a>
CEO Jensen Huang highlighted four key growth drivers: reasoning AI, rescinding of the AI diffusion rule, enterprise AI adoption and industrial AI linked to global factory expansion.
Huang also praised President Donald Trump. &#8220;President Trump wants America to win,&#8221; Huang stated, adding, &#8220;He also realizes that we're not the only country in the race and he wants the United States to win.&#8221;
&#8220;[Trump] recognizes that we have to get the American stack out to the world and have the world build on top of American stacks, instead of alternatives,&#8221; the CEO said.
Why It&#8217;s Important: Nvidia posted first-quarter revenue of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter, surpassing the Street consensus estimate of $43.2 billion.
On April 9, Nvidia was <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">hit with an export ban</a> on its H20 products to China. As a result, the company recorded a $4.5 billion charge in the first quarter tied to excess H20 inventory and purchase commitments.
Despite the new export licensing rules, H20 product sales totaled $4.6 billion for the quarter
Meanwhile, earlier this week, it was reported that <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">Japan plans to import nearly $7 billion</a> worth of U.S.-made semiconductors — a move that could provide a substantial boost to chipmakers like Nvidia and Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), as trade talks with the Trump administration continue.
Price Action: Nvidia shares rose 4.89% in after-hours trading to $141.40 at the time of writing, after slipping 0.51% during Wednesday's regular session, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Meanwhile, Benzinga Edge Stock Rankings gave NVDA a strong growth score of 98.75%. <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 high-performing stocks</a> like AMD.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29004736/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM-1.png" alt="" class="wp-image-930845" /></a></figure>
Photo Courtesy: jamesonwu1972 on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia CEO Jensen Huang Outlined 4 Key AI Growth Drivers Despite $8 Billion China Setback — Here's What They Are

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Private New Capital Expenditure (QoQ) For Q1 -0.1% Vs. 0.5% Est.; -0.2% Prior

The&nbsp;Labor Department lifted restrictions that previously discouraged the inclusion of&nbsp;cryptocurrencies in <a href="https://www.benzinga.com/money/what-is-a-401k">401(k)</a> retirement&nbsp;plans on Wednesday.
What Happened:  The Department of Labor's Employee Benefits Security Administration rescinded a Biden-era guidance that had urged plan fiduciaries to exercise &#8220;extreme care&#8221; before adding cryptocurrency to investment menus, marking a return to the department&#8217;s &#8220;historically neutral&#8221; position on such investments.
&#8220;By rescinding the 2022 guidance, the department reaffirms its neutral stance, neither endorsing, nor disapproving of, plan fiduciaries who conclude that the inclusion of cryptocurrency in a plan's investment menu is appropriate,&#8221; a statement from the release said.
See Also:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45661506/bitcoin-dogecoin-dip-ethereum-gains-as-court-strikes-down-trumps-tariffs-analyst-anticipates-btc-all-time-high-in-a-couple-of-days-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump&#8217;s Tariffs: Analyst Anticipates BTC All-Time High &#8216;In A Couple Of Days&#8217; If This Happens</a>
Why It Matters:&nbsp;The Labor Department under former President Joe Biden&nbsp;had warned about <a href="https://www.dol.gov/index.php/node/180762">&#8220;significant risks&#8221;</a> of adding cryptocurrency investment options to retirement plans, citing the speculative and volatile nature of the asset class.
This policy shift comes a month after leading brokerage firm Fidelity Investments&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44611174/fidelity-launches-fee-free-crypto-ira-offering-direct-access-to-bitcoin-ethereum-and-litecoin-for-us-investors">introduced</a> a new crypto-focused retirement account, giving individual investors the opportunity to hold assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) directly in tax-advantaged retirement portfolios.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $108,079.87, down 0.72% 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;
Photo Courtesy: Tada Images on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$ETH

$LTC

Bitcoin In Your 401(k)? Trump's Labor Department Rolls Back Biden-Era Guidance On Crypto In The Employer-Sponsored Retirement Plan

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares jumped over 2.9% in overnight trading to $367.32 following CEO Elon Musk&#8216;s announcement that his role as Special Government Employee leading the Department of Government Efficiency (DOGE) has concluded.
What Happened: The electric vehicle maker closed regular trading down 1.65% at $356.90 on Tuesday before the announcement sparked investor optimism about Musk&#8217;s renewed focus on Tesla operations.
&#8220;As my scheduled time as a Special Government Employee comes to an end, I would like to thank President Donald Trump for the opportunity to reduce wasteful spending,&#8221; Musk posted on social media. He added that &#8220;The DOGE mission will only strengthen over time as it becomes a way of life throughout the government.&#8221;
Musk&#8217;s departure from DOGE comes after mounting criticism over potential conflicts of interest and Tesla&#8217;s declining sales performance. The <a href="https://www.benzinga.com/tech/25/05/45637814/elon-musk-admits-he-spent-too-much-time-on-politics-after-tesla-sales-decline-in-multiple-regions">billionaire admitted in a recent interview</a> that he &#8220;probably did spend a bit too much time on politics&#8221; and described his government involvement as a &#8220;time allocation issue.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As my scheduled time as a Special Government Employee comes to an end, I would like to thank President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> for the opportunity to reduce wasteful spending. The <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> mission will only strengthen over time as it becomes a way of life throughout the government.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1927877957852266518?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
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During his tenure, DOGE <a href="https://www.benzinga.com/markets/25/04/45034082/elon-musks-doge-saves-160-billion-but-could-lead-to-billions-in-hidden-costs-for-taxpayers-warns-new-analysis-public-will-end-up-paying-for-this">claimed $160 billion in government savings</a> through contract terminations and IT modernization efforts. 
See Also: <a href="https://www.benzinga.com/markets/25/05/45661128/ross-gerber-blasts-trump-for-destroying-nvidias-china-business-gene-munster-says-forget-about-the-china-curbs-because-the-chip-giants-co">Ross Gerber Blasts Trump For &#8216;Destroying&#8217; Nvidia&#8217;s China Business — Gene Munster Says &#8216;Forget About The China Curbs&#8217; Because The Chip Giant&#8217;s Core Business Is &#8216;On Fire&#8217;</a>
Why It Matters: Tesla has faced significant challenges as Musk&#8217;s political activities intensified. Sales figures declined across multiple regions, attributed partly to consumer backlash over his <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">political endorsements and close Trump administration</a> ties.
The renewed commitment to Tesla operations has energized Wall Street analysts. Wedbush Securities&#8216; Dan Ives recently set a $500 price target for TSLA shares, projecting a potential $2 trillion market <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">capitalization for the company</a>.
Musk&#8217;s DOGE exit coincides with his <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">criticism of Trump&#8217;s $3.8 trillion spending package</a>, which he called disappointing and said &#8220;undermines the work that the DOGE team is doing.&#8221; The Congressional Budget Office estimates the legislation could add up to $5.7 trillion to federal debt by 2034.
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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: Shutterstock

Politics

TSLA

Tesla Stock Gains 2.9% In Overnight Trade As Elon Musk Ends DOGE Government Role

Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) strong first-quarter performance highlights a quiet, yet fast-growing segment of the company that has long been overlooked by investors.
What Happened: During its much-anticipated <a href="https://benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first quarter results</a> on Wednesday, NVIDIA reported $5 billion in sales from its networking business, an increase of 64% from the prior quarter, with the company&#8217;s CFO Colette Kress noting during the earnings call, that its enhanced Ethernet platform, SpectrumX, is now annualizing over $8 billion.
&#8220;Spectrum X posted strong sequential and year-on-year growth,&#8221; she said, adding that adoption is &#8220;widespread across major CSPs,&#8221; including Microsoft Azure, Oracle Cloud, CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), and most recently, Google Cloud and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
See Also: <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">Trump Tariffs Struck Down By Federal Court — Appeal Filed By Administration: Report (UPDATED)</a>
During the call, CEO Jensen Huang emphasized the company&#8217;s strategy to dominate, not just the AI compute layer, but the entire datacenter architecture. 
He says, &#8220;we now have four networking platforms,&#8221; referring to NVLink, SpectrumX, InfiniBand, and BlueField, all of which he says are &#8220;doing really well.&#8221;
Powerful AI models such as ChatGPT or Google&#8217;s Gemini require hundreds of thousands of GPUs that need to constantly talk with one another. These conversations are an intense, split-second exchange of huge volumes of data that traditional Ethernet switches are incapable of handling.
The company's NVLink Gen 5 platform delivers 130 terabytes per second of bandwidth in a single rack, which is equivalent to the world's peak internet traffic. 
Huang says that enhanced Ethernet, once considered unsuitable for AI, now rivals InfiniBand in efficiency. &#8220;The traffic of AI is insanely bursty… and so SpectrumX has been really, quite frankly, a home run.&#8221;
Despite its rapid growth, networking still makes up a relatively small portion of NVIDIA's $39.1 billion data center revenue, where GPU sales dominate. This is potentially obscuring its growth and impact among investors and analysts. 
&#8220;This is the start of a powerful new wave of growth,&#8221; Huang said, reinforcing his confidence in the segment. &#8220;We're off to the races.&#8221;
Why It Matters: Nvidia&#8217;s networking play is already <a href="https://benzinga.com/analyst-ratings/analyst-color/25/02/44005208/nvidia-ai-juggernaut-rolls-on-but-can-arista-cisco-keep-up">mounting pressure</a> on legacy giants in this space, such as Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
During its <a href="https://benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first quarter results</a> on Wednesday, the company reported $44.1 billion in revenue, up 69% year-over-year, and beating consensus estimates at $42.3 billion. It, however, missed earnings estimates, with a profit of $0.81 per share, against $0.88 per share.
Price Action: Shares of Nvidia were down 0.51% on Wednesday, trading at $134.81, but are up 4.89% after hours, following the company&#8217;s better-than-expected first quarter performance.
<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="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1024x138.png" alt="" class="wp-image-930816" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1536x207.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Nvidia scores well across most metrics and has a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for more insights.
Photo Courtesy: 3dkombinat on Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45661128/ross-gerber-blasts-trump-for-destroying-nvidias-china-business-gene-munster-says-forget-about-the-china-curbs-because-the-chip-giants-co">Ross Gerber Blasts Trump For &#8216;Destroying&#8217; Nvidia&#8217;s China Business — Gene Munster Says &#8216;Forget About The China Curbs&#8217; Because The Chip Giant&#8217;s Core Business Is &#8216;On Fire&#8217;</a></li>
</ul>

Earnings

ANET

CRWV

CSCO

Jensen Huang Points To 'A Powerful New Wave Of Growth' For Nvidia And Wall Street May Be Overlooking It: Chipmaker Set To Dominate The AI Datastack?

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly preparing a rebrand of its software platforms by introducing a year-based naming system.
What Happened: At its Worldwide Developers Conference on June 9, Apple could unveil the new strategy, <a href="https://www.bloomberg.com/news/articles/2025-05-28/apple-to-rebrand-device-operating-systems-ios-26-macos-26-watchos-26?srnd=undefined">reported</a> Bloomberg on Wednesday, citing people with knowledge of the matter.
As per the report, the tech giant will replace the current version numbers like iOS 18 and macOS 15 with year-based names, such as iOS 26, macOS 26, and iPadOS 26.
The idea behind this is to simplify the naming process, which currently has some inconsistencies because of its varied launch dates.
Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also: <a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>
Why It's Important: In 2020, Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) also made a similar move by launching the Galaxy S20 after releasing the Galaxy S10 in 2019.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also did this back in 1995 by naming its operating systems after their release years like Windows 95, Windows 98 and Windows 2000.
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.
Although in this case, Apple is taking a slightly different approach by using the upcoming year instead of the ongoing one. For example, the next iOS update is expected to launch in September 2025, but will name named iOS 26, the report added.
Price Action: Apple&#8217;s stock edged up by 0.10% during Wednesday's regular trading session and saw a more notable gain of 3.49% in after-hours trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Apple received a growth score of 32.99%. <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 to other leading stocks</a> like Samsung and Microsoft.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28232122/Screenshot-2025-05-29-at-8.49.24%E2%80%AFAM.png" alt="" class="wp-image-930800" /></a></figure>
Photo Courtesy: charnsitr on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<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's Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar'</a></li>
</ul>

Media

AAPL

MSFT

SSNLF

Apple Is Reportedly Making iOS Take A Leap From 18 To 26 — Here's Why

Eric Trump, the executive vice president of The Trump Organization, was all praise for Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor on Wednesday, stating that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is "fortunate" to have him.
What Happened: Speaking at the Bitcoin 2025 conference in Las Vegas, Trump recalled how Saylor attempted to persuade him to invest in the apex cryptocurrency.
"You need to mortgage Mar-a-Lago right now. You need to take $2 billion out of Mar-a-Lago and need to go long Bitcoin," Trump quoted Saylor as saying.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="The Bitcoin Conference 2025 &#x7C; Day 2 Livestream" width="500" height="281" src="https://www.youtube.com/embed/fOUEiNAwiDE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Eric Trump mentioned how Saylor advises everyone to follow his Bitcoin playbook and how it's an &#8220;incredible opportunity&#8221; to capitalize on.
"I&#8217;ve never seen that in any other industry where you have the titan of the industry that&#8217;s literally advocating for smart people to compete against them," he said about Saylor.
Meanwhile, when asked for a prediction, Trump said Bitcoin would clear $170,000 in a year.
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>
Why It Matters: These remarks come a day after Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635335/donald-trump-jr-says-we-are-seriously-long-bitcoin-and-after-tmtg-reveals-treasury-strategy">announced it will use</a> the proceeds of a $2.5 billion private offering to create a Bitcoin reserve, a playbook popularized by Saylor&#8217;s firm Strategy.
Donald Trump Jr., Eric's elder brother, said at the same conference earlier that <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635335/donald-trump-jr-says-we-are-seriously-long-bitcoin-and-after-tmtg-reveals-treasury-strategy">they were "seriously long"</a> on Bitcoin and committed to the leading cryptocurrency. &nbsp;
The Trump family's investments in cryptocurrencies were steadily growing. They previously made <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44560290/trump-family-to-dive-into-bitcoin-mining-after-defi-meme-coin-projects">strategic bets on Bitcoin mining</a> along with <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">ties</a> to the decentralized finance platform World Liberty Financial.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $108,259.01, down 0.50% 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;
Shares of Strategy rose 1.55% higher in after-hours trading after closing 7.95% lower at $364.25 during Wednesday&#8217;s regular trading session.
MSTR stock demonstrated a very high momentum score as of this writing. To find out how other Bitcoin-holding companies stack up on this parameter, visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="510" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28231538/image-372.png" alt="" class="wp-image-930798" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28231538/image-372.png 510w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28231538/image-372-300x112.png 300w" sizes="(max-width: 510px) 100vw, 510px" /></a></figure>
Photo Courtesy: Maxim Elramsisy On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<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>

MSTR

Eric Trump Reveals Advice From Michael Saylor: Mortgage Mar-A-Lago And Take $2 Billion To Invest In Bitcoin

The U.S. unemployment rate is officially stuck at 4.2%, yet a lesser-known yardstick called "functional unemployment" now says roughly one in four American adults is effectively out of luck in the labor market, its highest reading in three months.
What Happened: Compiled by the Ludwig Institute for Shared Economic Prosperity, the metric folds in job-seekers who can't land work and full-time workers earning less than $25,000, the federal poverty threshold for a family of four. LISEP's April update pegs the "true rate" at 24.4%, up from 23.8% in January.
The gap remains widest for Black workers — 26.7% — while the rate for white workers dipped to 23%. Women's functional jobless rate fell slightly to 28.6%, but men ticked up to 20%, narrowing the gender spread. LISEP chair Gene Ludwig warns the trend shows &#8220;little signs of improvement&#8221; amid a shortage of &#8220;dependable, good-paying jobs.&#8221;
Traditional Bureau of Labor Statistics <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45164558/us-adds-177000-jobs-in-april-topping-forecasts-as-economy-navigates-tariff-impact">data</a> excludes the nearly six million people working full time yet living below the poverty line, as well as some discouraged workers who have quit looking. That statistical blind spot helps explain why consumer sentiment sags even as payrolls rise.
See also: <a href="https://www.benzinga.com/tech/25/05/45646623/google-ceo-sundar-pichai-insists-overall-query-growth-persists-shrugging-off-eddy-cues-warning-calls-search-far-from-zero-sum-game">Google CEO Sundar Pichai Insists &#8216;Overall Query Growth&#8217; Persists Shrugging Off Eddy Cue&#8217;s Warning, Calls Search &#8216;Far From Zero-Sum Game&#8217;</a>
Living costs aren't waiting for wages to catch up. The annual expense of raising a child has jumped almost 36% since 2023, topping $30,000 per year and pushing the lifetime tab near $300,000. Child Care Aware of America's (CCAoA) analysis shows child-care costs alone now absorb more than a third of the median household income in some states.
Economists note that headline unemployment remained just 4% in 2011, yet millions felt underemployed for years afterward. LISEP argues today's functional-jobless surge deserves similar policy attention, calling for targeted training and wage support. The consequence otherwise, as Ludwig puts it, will be that &#8220;low- and middle-income wage earners ultimately end up paying the bill.&#8221;
Photo Courtesy: S Prodution on Shutterstock.com
Read next: <a href="https://www.benzinga.com/government/regulations/25/05/45647143/global-stocks-hit-highest-level-since-2008-but-2025-edge-over-sp-500-slips-in-may">Global Stocks Hit Highest Level Since 2008, But 2025 Edge Over S&amp;P 500 Slips In May</a>

Events

One In Four Americans Are 'Functionally Jobless' — The 'True' Unemployment Metric That's Peaked In Recent Months

On Wednesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average falling 0.6% to 42,098.70 and the S&amp;P 500 slipping by a similar margin to 5,888.55. The Nasdaq shed 0.5% to finish at 19,100.94. However, stock futures rebounded after a <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">court overturned</a> the Trump tariffs. These are the top stocks that gained the attention of retail traders and investors through the day:
Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock dipped by 0.51%, closing at $134.81, with an intraday high of $137.25 and a low of $134.79. The stock&#8217;s 52-week range is between $86.63 and $153.13. In the after-hours trading, the Jensen Huang-led company&#8217;s shares spiked 4.9% to $141.40. Nvidia posted <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">strong first-quarter results</a> with revenue of $44.1 billion (up 69% YoY), beating estimates, despite a $4.5 billion charge from China export restrictions. The company guided for higher second-quarter revenue, citing strong AI demand and new products like the Blackwell supercomputer.
Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple&#8217;s shares edged up by 0.10%, closing at $200.42, reaching an intraday high of $202.73 and a low of $199.90. The stock&#8217;s 52-week high and low are $260.09 and $169.21, respectively. Apple&#8217;s former design chief, Jony Ive, recently described smartphones and laptops as &#8220;<a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet">legacy products</a>,&#8221; sparking discussions about the future of computing.
See Also:&nbsp;<a href="https://benzinga.com/25/05/45636050/palantir-partners-with-bain-company-to-accelerate-global-enterprise-ai-adoption" target="_blank" rel="noreferrer noopener">Palantir Partners With Bain &amp; Company To Accelerate Global Enterprise AI Adoption</a>
Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s stock fell by 0.63%, ending the day at $204.72, with a high of $207.66 and a low of $204.41. Its 52-week range is $151.61 to $242.52. Amazon shares surged in after-hours trading by 3.5% to $211.90 following a court ruling that <a href="https://www.benzinga.com/25/05/45661057/us-stock-futures-spike-retail-stocks-wmt-amzn-shop-tgt-surge-higher-as-court-blocks-trump-tariffs-nikkei-opens-higher">blocked tariffs</a> imposed by former President Donald Trump.
Tempus AI Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>)
Tempus AI saw its stock plummet by 19.23%, closing at $53.20, with an intraday high of $64.25 and a low of $52.55. The stock&#8217;s 52-week range is between $22.89 and $91.45. Tempus AI <a href="https://www.benzinga.com/25/05/45648906/tempus-ai-stock-sinks-after-short-seller-flags-ceo-track-record-suspicious-accounting-50-downside-potential">faced scrutiny</a> after Spruce Point Capital Management announced a short position, citing concerns over the company&#8217;s management and accounting practices. The shares rose 3.5% to $55.07 in the after-hours trading.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares decreased by 1.65%, closing at $356.90, with a high of $365 and a low of $355.91. The stock&#8217;s 52-week high and low are $488.54 and $167.42, respectively. Tesla board members <a href="https://www.benzinga.com/news/insider-trades/25/05/45651670/tesla-insider-sales-increase-ahead-of-robotaxi-launch-kimbal-musk-ira-ehrenpreis-sell-190m">sold nearly $200 million in shares</a> ahead of the company&#8217;s anticipated robotaxi launch, raising eyebrows among investors. On Wednesday, Tesla CEO Elon Musk said his time as a special government employee had come to an end.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As my scheduled time as a Special Government Employee comes to an end, I would like to thank President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> for the opportunity to reduce wasteful spending. The <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> mission will only strengthen over time as it becomes a way of life throughout the government.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1927877957852266518?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
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Benzinga Edge Stock Rankings indicate Tesla ranks high on Short, Medium and Long Price Trend. Here is how the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">stock stacks up on other metrics</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="445" height="282" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28223805/Screenshot-2025-05-29-at-11.37.45.png" alt="" class="wp-image-930775" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28223805/Screenshot-2025-05-29-at-11.37.45.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28223805/Screenshot-2025-05-29-at-11.37.45-300x190.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Elle Aon on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-by-short-sellers">Cathie Wood Ditches $5.6M More Tesla While Elon Musk Quits Government Role — Doubles Down On AI Stock Under Attack By Short Sellers</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Short Sellers

AMZN

Nvidia, Apple, Amazon, Tempus AI, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Leading cryptocurrencies fell on Wednesday even as a federal court blocked President Donald Trump's sweeping tariffs.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.91%</td>
<td>$107,931.14</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.43%</td>
<td>$2,707.97</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.12%</td>
<td>$0.2240</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin dipped sharply in the early trading hours, falling below $107,000 before regaining $108,000 overnight.
Ethereum erupted above $2,700 late in the day, extending its 24-hour gains to 2.43%.
The overnight surge came after <a href="https://in.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">a federal court struck down</a> global tariffs imposed by Trump under the Emergency Powers Act. The decision, delivered by the U.S. Court of International Trade, could put an end to trade war fears gripping the capital asset markets.
Over $232 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $165 million.
Bitcoin&#8217;s Open Interest rose 1.28% in the last 24 hours, while Ethereum recorded a 4.46% jump. The percentage of Binance traders placing bullish bets on Bitcoin jumped above 50%, suggesting increased optimism.
The &#8220;Greed&#8221; sentiment rose from 71 to 74 over the last 24 hours, as indicated by the Crypto Fear and Greed Index, implying increasing demand.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. ET)</td>
</tr>
<tr>
<td>Virtuals Protocol (VIRTUAL)</td>
<td>+16.25%</td>
<td>$1.07</td>
</tr>
<tr>
<td>Uniswap (UNI)</td>
<td>+13.87%</td>
<td>$7.15</td>
</tr>
<tr>
<td>Toncoin (TON)</td>
<td>+12.22%</td>
<td>$3.38</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.43 trillion, following a dip of 0.38% in the last 24 hours.
Stock futures ripped overnight Wednesday. The Dow Jones Industrial Average Futures soared 450 points, or 1.07%, as of 9:26 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 jumped 1.43%, while Nasdaq 100 Futures gained 1.80%.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst and trader Ali Martinez observed that Bitcoin has reached the lower limit of its current channel, which had previously served as support.&nbsp;
He also spotted a "buy" signal from the TD Sequential indicator on BTC's hourly chart.&nbsp;
The TD Sequential indicator is a technical analysis tool that helps traders identify potential price reversals and exhaustion patterns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> reached the lower boundary of its current channel, where it has previously found support, while the TD Sequential is flashing a buy signal on the hourly chart! <a href="https://t.co/vBL64tRhXK">pic.twitter.com/vBL64tRhXK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1927908025907527902?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed cryptocurrency investor, known by the pseudonym Scient, predicted BTC to hit a new all-time high "in a couple of days," provided it could hold above $107,974—the upper boundary of a "box" that they highlighted.
"If we fall under the box, $102,000 is a good support for scalp longs, but it will invite a lot of sell pressure when we test $108,000 from underside," they said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> pretty simple for me here. • Hold above the box while holding the trend and I think we should be at new ATHs in a couple of days from now. If we fall under the box, $102k is a good support for scalp longs but it will invite a lot of sell pressure when we test $108k from… <a href="https://t.co/fNwF4U6t2r">pic.twitter.com/fNwF4U6t2r</a>
&mdash; Scient (@Crypto_Scient) <a href="https://twitter.com/Crypto_Scient/status/1927906432701038925?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Antonio Gravante On Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45661076/peter-schiff-challenges-jd-vances-bitcoins-safe-haven-assertion-urges-him-to-implement-policies-that-reduce-the-need-to-hedge">JD Vance Said Bitcoin Created Wealth, Peter Schiff Says It Did No Such Thing: &#8216;What Has Happened Is A Massive Transfer Of …&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump's Tariffs: Analyst Anticipates BTC All-Time High 'In A Couple Of Days' If This Happens

At Berkshire Hathaway's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) 2023 annual meeting, CEO Warren Buffett shared a rare insight into why See's Candies, a beloved West Coast confectioner owned by the conglomerate since 1972, hasn't expanded successfully beyond its core markets.
What Happened: "We have this wonderful brand that doesn't travel," Buffett said. "The mystique, the actual product, the feelings people have about some things… it's limited to given markets."
Despite See's strong economy in California and the western U.S., attempts to replicate that success elsewhere repeatedly fell short.
"We tried everything in the world to move the brand… and we always think we were right for the first week," Buffett said. "Then we find out that the magic—we can beat any other candy store pretty much—but there aren't any candy stores anymore to speak of, as the world has changed."
See Also: <a href="https://www.benzinga.com/markets/25/05/45183000/warren-buffetts-right-hand-man-greg-abel-is-quietly-taking-over-day-to-day-leadership-at-berkshire-hathaway-gotten-much-more-involved-in-capital-allocation-decisions">Warren Buffett&#8217;s Right-Hand Man Greg Abel Is Quietly Taking Over Day-To-Day Leadership At Berkshire Hathaway: &#8216;Gotten Much More Involved In Capital Allocation Decisions&#8217;</a>
Buffett compared See's regional success to Dr Pepper's dominance in certain markets like Dallas–Fort Worth, noting that even national advertising and widespread awareness can't override local preferences.
"There are all kinds of crazy things in the world that consumers do," he added, pointing out that East Coast customers prefer dark chocolate, while West Coast buyers gravitate toward milk chocolate.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Berkshire&#039;s 2023 annual shareholder meeting: Watch the full afternoon session with Warren Buffett" width="500" height="281" src="https://www.youtube.com/embed/5QBkn42PSxk?start=6947&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: See's Candies began in 1921 when Charles See and his family opened their first shop in Los Angeles, offering chocolates based on his mother Mary See's original recipes.
The company quickly earned a reputation for quality and freshness, building a loyal customer base across California. A major turning point came in 1972 when Buffett and Charlie Munger's Berkshire Hathaway acquired See's for $25 million.
What began as a modest operation with $30 million in annual revenue and under $5 million in pretax income grew into a confectionery powerhouse, generating over $380 million in annual sales and $80 million in profits, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-dream-business-is-sees-candies-2019-7-1029916323#a-return-of-8000-1">reported</a> Markets Insider in 2019.
Buffett's admiration for See's is also no secret. During shareholder meetings, he famously keeps a box of See's peanut brittle close by.
Photo Courtesy: Photo Agency on Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/earnings/25/02/43901149/buffett-reflects-on-60-years-at-berkshire-helm-cardinal-sin-is-delaying-the-correction-of-mistakes" target="_blank" rel="noreferrer noopener">Buffett Reflects on 60 Years at Berkshire Helm: ‘Cardinal Sin Is Delaying the Correction of Mistakes&#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.

Warren Buffett Has Discovered There's No Accounting For Tastes Through Berkshire's Candy Company: 'There Are All Kinds Of Crazy Things In The World That Consumers Do'

Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) blockbuster quarter has drawn reactions from top investors, with Ross Gerber slamming <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">U.S. policy on China</a>. At the same time, Deepwater Asset Management's Gene Munster has urged Wall Street to focus on the chipmaker's explosive AI growth.
What Happened: Nvidia <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">reported first-quarter revenue</a> of $44.1 billion, up 69% year-over-year and ahead of Wall Street's $43.2 billion estimate.
"Another impressive qtr from Nvidia despite [Donald] Trump basically destroying their China business for now," said Gerber, CEO of Gerber Kawasaki on X, formerly Twitter. "At some point maybe the U.S. will understand the advantages of having China being dependent on our technology."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Another impressive qtr from Nvidia despite Trump basically destroying their China business for now. At some point maybe the US will understand the advantages of having China being dependent on our technology… <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1927845155647721692?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44897214/nvidia-discusses-ai-powering-future-with-japan-amid-rising-energy-demands" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Meets Japanese PM To Discuss AI&#8217;s Growing Energy Needs</a>
Meanwhile, Munster <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">downplayed the China hit</a>, suggesting investors should zoom in on Nvidia's core business. &#8220;Forget the China curbs. $NVDA&#8217;s business is off the charts good,&#8221; he said on social media.
&#8220;[Nvidia&#8217;s] core business is on fire and is evidence that we&#8217;re still early in the AI infrastructure buildout,&#8221; he said on his Pressure Points show.&nbsp;
Munster stated that if the $2.5 billion revenue loss from China in the April quarter were excluded, Nvidia's year-over-year growth would have reached 79%. Similarly, adjusting for the expected $8 billion China hit in the July quarter would still imply 76% revenue growth, well above Wall Street's 60% forecast.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Forget the China curbs. <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>&#39;s business is off the charts good. <a href="https://t.co/eSmHWeWG5f">pic.twitter.com/eSmHWeWG5f</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1927886052770893883?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: On April 9, Nvidia was hit with an export ban affecting its H20 products bound for China. As a result, the company recorded a $4.5 billion charge in the first quarter tied to <a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report">unsold H20 inventory</a> and existing purchase commitments.
Before the new export rules took effect, H20-related sales for the quarter totaled $4.6 billion. Nvidia noted that, excluding the impact of this charge, its adjusted earnings per share for the quarter would have been 96 cents.
Previously, it was reported that Nvidia is preparing to <a href="https://www.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">introduce a much more affordable</a> artificial intelligence chip for the Chinese market, with prices ranging from $6,500 to $8,000.
Earlier this month, Nvidia CEO Jensen Huang reportedly told U.S. lawmakers that current <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">export limits on AI chips could be giving</a> Huawei Technologies an advantage, potentially strengthening the Chinese company's position in the global AI competition.
Price Action: Nvidia shares rose 4.89% in after-hours trading, reaching $141.40, after slipping 0.51% during Wednesday's regular session, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nvidia also holds a strong growth score of 98.75% on 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 compare it with other leading tech stocks</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28213900/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM.png" alt="" class="wp-image-930743" /></a></figure>
Photo Courtesy: Hepha1st0s On Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The B&#x2A;&#x2A;ls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ross Gerber Blasts Trump For 'Destroying' Nvidia's China Business — Gene Munster Says 'Forget About The China Curbs' Because The Chip Giant's Core Business Is 'On Fire'

Economist and market commentator Peter Schiff slammed Vice President&nbsp;JD Vance&#8217;s support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) at an ongoing cryptocurrency conference Wednesday.
What Happened: Schiff took to X to challenge several remarks made by Vance at the Bitcoin 2025 conference in Las Vegas.
Schiff disputed Vance&#8217;s assertion that Bitcoin has created new wealth. &#8220;What has happened is a massive transfer of wealth from those who bought Bitcoin and crypto early to those who bought later. In the process, capital has been misallocated and resources squandered,&#8221; he argued.
Schiff also questioned Vance&#8217;s view of Bitcoin as a hedge against poor government policy and rising inflation, arguing that gold and silver &#8220;deliver the needed protection.&#8221;
<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">At Bitcoin 2025, JD Vance spoke about all the wealth created by Bitcoin and crypto. No actual wealth was created, as these tokens do not represent wealth. What has happened is a massive transfer of wealth from those who bought Bitcoin and crypto early to those who bought later.…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1927799589601694166?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The staunch Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic took potshots at the Trump administration, asking it to implement &#8220;good&#8221; inflation-reducing policies rather than encouraging Americans to buy the wrong asset as a hedge after enacting &#8220;bad&#8221; ones.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45635887/trumps-crypto-advisor-about-us-plans-on-buying-more-bitcoin-it-all-boils-down-to" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Advisor About US Plans On Buying More Bitcoin: It All Boils Down To&#8230;</a>
Why It Matters: Schiff&#8217;s comments come <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45652549/vice-president-jd-vance-predicts-100m-bitcoin-holders-the-us-ought-to-be-leaning-into-bitcoin">after Vance predicted a big surge in Bitcoin adoption</a> in the U.S. &nbsp;He framed the apex cryptocurrency not only as a financial innovation but as a strategic asset that the U.S. must formally embrace to maintain global economic leadership.
Interestingly, Schiff himself was participating at the 3-day conference. During a fireside chat, he made cheeky remark ,saying, &#8220;I&#8217;m likely responsible for more people owning Bitcoin than any other individual. Every time I tell you not to buy Bitcoin you buy more."
<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">PETER SCHIFF: Based on what I heard at <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> 2025 "I&#39;m likely responsible for more people owning Bitcoin than any other individual." "Every time I tell you not to buy Bitcoin you buy more." &#x1f60e; <a href="https://t.co/zrxC6AQcZ5">pic.twitter.com/zrxC6AQcZ5</a>
&mdash; The Bitcoin Conference (@TheBitcoinConf) <a href="https://twitter.com/TheBitcoinConf/status/1927870647394287922?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action:  At the time of writing, BTC was exchanging hands at $108,237.40, down 0.97% 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>. 
Photo Courtesy: Phil Mistry on Shutterstock.com 
Read Next: 
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45626262/trump-meme-coin-dinner-turned-into-high-net-worth-crypto-networking-trump-was-there-for-20" target="_blank" rel="noreferrer noopener">TRUMP Meme Coin Dinner Turned Into High-Net-Worth Crypto Networking: &#8216;Trump Was There For 20 Minutes&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

JD Vance Said Bitcoin Created Wealth, Peter Schiff Says It Did No Such Thing: 'What Has Happened Is A Massive Transfer Of …'

<a href="https://www.axios.com/2025/05/29/hhs-cancel-moderna-bird-flu-vaccine?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=editorial" title="https://www.axios.com/2025/05/29/hhs-cancel-moderna-bird-flu-vaccine?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=editorial">https://www.axios.com/2025/05/29/hhs-cancel-moderna-bird-flu-vaccine?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=editorial</a>

Contracts

MRNA

'HHS Cancels Moderna's $590M Bird Flu Vaccine Award' - Axios

U.S. stock futures are rallying Wednesday evening after a Federal Court ruled that President Donald Trump overstepped his authority with the &#8220;Liberation Day&#8221; tariffs imposed at the beginning of April. 
Following the ruling, the S&amp;P 500 Futures are up 1.50%, at 5,991.25, Nasdaq Futures trading at 21,775.75, up 1.85%, followed by Dow Futures rose over 400 points to 42,635.00, soaring 1.10% on the news.
A three-judge panel on the Manhattan-based U.S. Court of International Trade <a href="https://www.benzinga.com/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">ruled unanimously</a> on Wednesday that the Constitution gives Congress exclusive authority to regulate trade and commerce with other countries, which the&nbsp;International Emergency Economic Powers Act does not override.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">Nvidia Q1 Highlights: China Export Ban Hits Results But Jensen Huang Says Demand &#8216;Incredibly Strong&#8217; (CORRECTED)</a>
The White House has since filed an appeal against this ruling, which could jeopardize its strategies and ongoing negotiations with several trade partners.
The ruling has sparked a surge in retail stocks in after-hours trading, with Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) up 1.54%, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rallying 3.51%, followed by Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) up 3.55% and 3.19%, respectively.
Japan&#8217;s benchmark Nikkei 225 index opened higher, currently trading up 1.49%, or 563.12 points, at 38,285.52 on the news, despite growing concerns of <a href="https://www.benzinga.com/news/global/25/05/45613069/japans-40-year-bond-yield-nosedives-as-finance-ministry-considers-cutting-super-long-debt-issuance-report">rising 40-Year bond yields</a>. The rally is being led by major exporters, electronics and automotive stocks.
The U.S. Dollar Index (DXY) is up 0.51% on Wednesday, regaining the key 100 level, trading at 100.389.
Following Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) beat on its first quarter earnings on Wednesday, investors will be closely watching the results of Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) on Thursday.
Photo Courtesy: Billion Photos on Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/previews/25/05/45659554/costco-wholesale-q3-earnings-preview-will-company-discuss-price-increases-after-prior-trump-team-backlash">Costco Wholesale Q3 Earnings Preview: Will Company Discuss Price Increases After Prior Trump Team Backlash?</a></li>
</ul>

Pre-Market Outlook

COST

DELL

MRVL

SHOP

Dow Futures Jump Over 400 Points, Amazon And Walmart Shares Spike In After-Hours Trading After Court Blocks Trump Tariffs: Nikkei Opens Higher

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