Dernières nouvelles pour Victoria's Secret (NYSE:VSCO) Stock

Victoria's Secret

Victoria's Secret & Co is a retailer of women's intimate and other apparel and beauty products marketed under the Victoria's Secret, PINK, and Adore Me brand names. It also includes the merchandise sourcing and production function serving the Company and its international partners. The Company operates as a single segment designed to serve customers seamlessly through stores and online channels.

Victoria’s Secret

Victoria's Secret & Co

Gold prices shattered the $3,500 per ounce mark on Tuesday, reaching a milestone as investors flee to safe-haven assets amid growing economic uncertainty and questions about U.S. monetary policy independence.
What Happened: The precious metal has gained more than 30% this year, demonstrating <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">remarkable resilience despite fluctuations</a> in interest rate expectations, benchmark yields, and inflation data. Monday&#8217;s rally pushed the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) up 2.6% to $314.73.
&#8220;Gold&#8217;s &#8216;all-weather&#8217; characteristic signals something that goes beyond economics, politics, and higher-frequency geopolitical developments,&#8221; wrote Mohamed El-Erian, Allianz Chief Economic Advisor, in a Financial Times opinion <a href="https://www.ft.com/content/b5fb1e6b-bb8d-4ab5-9c92-f1f6fc40a54b">piece</a> on Monday.
El-Erian highlighted consistent central bank purchases as a key driver, noting that countries are gradually diversifying reserves away from dollar dominance while exploring alternatives to the dollar-based payments system that has anchored international finance for eight decades.
See Also: <a href="https://www.benzinga.com/25/04/44915033/tom-lee-says-14-trillion-market-meltdown-matches-annual-trade-deficit-presses-white-house-to-fast-track-deals">Tom Lee Says $1.4 Trillion Market Meltdown Matches Annual Trade Deficit, Presses White House To Fast-Track Deals</a>
Why It Matters: The rally intensified after President Donald Trump renewed criticism of Federal Reserve Chair Jerome Powell on Monday, suggesting the possibility of removing him before his term expires in 2026. These remarks raised concerns about the potential politicization of U.S. monetary policy, sending the U.S. Dollar Index to its <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">lowest level since early 2022</a>.
&#8220;What is at stake here is not just the erosion of the dollar&#8217;s dominant role but also a gradual change in the operation of the global system,&#8221; El-Erian warned, adding that while no single currency is poised to replace the dollar, &#8220;an increasing number of little pipes are being built to go around this core.&#8221;
The gold surge coincides with broader market turmoil, as the S&amp;P 500 fell 2.8% to 5,158 on Monday while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 0.72% to $88,022, mirroring gold&#8217;s momentum as investors seek alternatives to traditional currencies.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine' And That's What Lies Beneath Berkshire Hathaway's Success From One Decade To Another</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Domenico Fornas / Shutterstock.com

News

Commodities

Markets

$BTC

Gold Tops $3,500 As Investors Flee To Safety: Mohamed El-Erian Warns Of Global System Shift Amid Trump-Powell Tensions

Charlie&nbsp;Munger didn't mince words when asked back in 2011 whether Donald&nbsp;Trump belonged in the Oval Office, but the longtime vice-chairman of Berkshire Hathaway did shift his views a few years later.
What Happened: "The last person, almost, I'd want to be president of the United States is Donald&nbsp;Trump," Munger said in a clip of a CNN Business interview, which has now gone viral. Munger bluntly cited "vainglory" and "puffery" as Trump&#8217;s disqualifying traits. Pressed for more, Munger cut the list short: "I could go on and on."
<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="Munger on Trump: &#039;Stark raving mad&#039;" width="500" height="281" src="https://www.youtube.com/embed/RGLMnTzQIh8?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>
At the time, Trump was floating a 2012 GOP bid and blanketing cable shows with boasts about his business acumen and doubts about President Barack&nbsp;Obama's birthplace.
See also: <a href="https://www.benzinga.com/personal-finance/25/04/44913214/charlie-munger-said-you-only-have-to-get-rich-once-but-warned-the-first-100k-is-a-btch-and-the-most-important-step-to-building-wealth">Charlie Munger Said &#8216;You Only Have To Get Rich Once&#8217; — But Warned The First $100K Is a &#8216;B&#x2A;tch&#8217; And The Most Important Step To Building Wealth</a>
Munger, famed for his plain‑spoken critiques and partnership with Warren&nbsp;Buffett, saw little overlap between reality‑TV bravado and the sober judgment he believed the presidency demands. "He might be quite decisive," Munger allowed, before adding that he did not regard Trump as "an ideal decision‑maker or a manager of anything."
A U-Turn? In 2017, Munger surprised many by reversing his earlier stance on Trump, telling a Daily Journal annual meeting in Los Angeles that "President Donald&nbsp;Trump is not <a href="https://www.benzinga.com/general/education/24/07/39761038/charlie-munger-said-trump-was-right-on-having-way-more-control-over-our-borders-they-hate-him-s">wrong on everything</a>." He admitted he'd "gotten more mellow," <a href="https://www.benzinga.com/personal-finance/24/07/39936535/roll-with-it-charlie-munger-had-once-said-trump-isnt-wrong-on-everything-what-the-h-ll-youre-not">urged people</a> to tolerate Trump's differences, and quipped, "if there's a little danger, what the hell, you're not going to live forever anyway."
The billionaire investor, <a href="https://www.benzinga.com/news/23/11/35989969/charlie-munger-buffetts-trusted-partner-dies-at-99">who died in 2023</a> at age 99, often warned that ego can cloud judgment. His blunt dismissal of Trump pre‑dates the property mogul's successful 2016 campaign but foreshadowed a deep partisan divide over leadership style and truthfulness.
Photo Courtesy: Kent Sievers on Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/04/44914781/education-dept-to-resume-studentloan-collections-may-5-as-trump-moves-to-ax-the-agency">Linda McMahon Says American Taxpayers No Longer &#8216;Collateral&#8217; As Student Debt Collection Restarts May 5</a>

Politics

Management

Charlie Munger Once Predicted That Trump Could Be 'Quite Decisive' But Still Didn't Want Him To Be President: Here's Why

Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/LMT/earnings">opening bell on Tuesday, April 22.</a>
Analysts expect the Bethesda, Maryland-based company to report quarterly earnings at $6.31 per share, down from $6.33 per share in the year-ago period. Lockheed Martin projects to report quarterly revenue at $17.8 billion, compared to $17.2 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 17, Lockheed Martin announced that it has named Evan Scott its CFO. Scott succeeds Jesus "Jay" Malave, who advised the company that he was pursuing other opportunities.
Lockheed Martin shares fell 1.2% to close at $458.33 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/LMT/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wells Fargo analyst Matthew Akers maintained an Equal-Weight rating and cut the price target from $476 to $432 on April 8, 2025. This analyst has an accuracy rate of 72%.</li>
<li>RBC Capital analyst Ken Herbert downgraded the stock from Outperform to Market Perform and slashed the price target from $550 to $480 on March 27, 2025. This analyst has an accuracy rate of 67%.</li>
<li>B of A Securities analyst Ronald Epstein downgraded the stock from Buy to Neutral and cut the price target from $685 to $485 on March 24, 2025. This analyst has an accuracy rate of 65%.</li>
<li>JP Morgan analyst Seth Seifman maintained an Overweight rating and cut the price target from $540 to $535 on Jan. 30, 2025. This analyst has an accuracy rate of 80%.</li>
<li>Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating and slashed the price target from $555 to $525 on Jan. 29, 2025. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying LMT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22030243/image-38-1024x577.png" alt="" class="wp-image-881131" style="width:602px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22030243/image-38-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22030243/image-38-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22030243/image-38-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22030243/image-38.png 1103w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44895420/jim-cramer-recommends-staying-away-from-amc-says-absolutely-no-to-webull">Jim Cramer Recommends Staying Away From AMC, Says &#8216;Absolutely No&#8217; To Webull</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Top Wall Street Forecasters Revamp Lockheed Martin Expectations Ahead Of Q1 Earnings

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/GEV/earnings">opening bell on Tuesday, April 22</a>.
Analysts expect the Evendale, Ohio-based company to report quarterly earnings at $1.27 per share, up from 82 cents per share in the year-ago period. GE Aerospace projects to report quarterly revenue at $9.05 billion, compared to $15.17 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 8, GE Aerospace and MTU Maintenance signed an agreement to service GEnx engines at expanded Fort Worth facility.
GE Aerospace shares fell 1.9% to close at $178.35 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wells Fargo analyst Matthew Akers maintained an Overweight rating and raised the price target from $203 to $212 on April 15, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Citigroup analyst Andrew Kaplowitz maintained a Buy rating and slashed the price target from $235 to $227 on April 10, 2025. This analyst has an accuracy rate of 78%.</li>
<li>B of A Securities analyst Ronald Epstein maintained a Buy rating and raised the price target from $200 to $225 on Jan. 27, 2025. This analyst has an accuracy rate of 65%.</li>
<li>RBC Capital analyst Ken Herbert maintained an Outperform rating and increased the price target from $200 to $220 on Jan. 24, 2025. This analyst has an accuracy rate of 67%.</li>
<li>UBS analyst Chris Snyder maintained a Buy rating and increased the price target from $215 to $235 on Jan. 24, 2025. This analyst has an accuracy rate of 65%.</li>
</ul>
Considering buying GEV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="597" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22025116/image-37-1024x597.png" alt="" class="wp-image-881108" style="width:556px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22025116/image-37-1024x597.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22025116/image-37-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22025116/image-37-768x448.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22025116/image-37.png 1075w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:
<ul>
<li> <a href="https://www.benzinga.com/25/04/44895420/jim-cramer-recommends-staying-away-from-amc-says-absolutely-no-to-webull">Jim Cramer Recommends Staying Away From AMC, Says &#8216;Absolutely No&#8217; To Webull</a> </li>
</ul>
Photo via Shutterstock

GE Aerospace Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Chinese retail investors are flocking to their domestic stock market in a display of patriotism amid <a href="https://www.benzinga.com/government/regulations/25/04/44868280/us-listed-chinese-stocks-face-250-billion-forced-selling-risk-as-delisting-fears-emerge-what-investors-need-to-know">escalating trade tensions with the United States</a>.
What Happened: Since U.S. President Donald Trump announced &#8220;reciprocal tariffs&#8221; on April 2, often referred to as &#8220;Liberation Day,&#8221; Chinese individual investors have been joining state-backed institutional buyers to defend their stock market against foreign pressures, reported Reuters.
&#8220;The goal isn&#8217;t to make money. It&#8217;s about contributing to my country,&#8221; said Cao Mingjie, a home designer from Guangdong province who began investing after the tariff announcement. &#8220;Every individual should stand by the country until the end.&#8221;
This patriotic investment movement has generated 45 billion yuan ($274 million) in net retail inflows since the April 4 market rout, according to Datayes. 
Zhou Lifeng, an investor from China&#8217;s northwestern Ningxia region with holdings worth 3 million yuan ($414,000), expressed the sentiment driving these actions: &#8220;Being patriotic means holding on to your stocks.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44915033/tom-lee-says-14-trillion-market-meltdown-matches-annual-trade-deficit-presses-white-house-to-fast-track-deals">Tom Lee Says $1.4 Trillion Market Meltdown Matches Annual Trade Deficit, Presses White House To Fast-Track Deals</a>
Why It Matters: The shift comes amid escalating U.S.-China tensions that extend beyond tariffs. Goldman Sachs recently warned of a 66% probability of delisting risk for Chinese ADRs, with an estimated $250 billion in Chinese stocks held by U.S. <a href="https://www.benzinga.com/government/regulations/25/04/44868280/us-listed-chinese-stocks-face-250-billion-forced-selling-risk-as-delisting-fears-emerge-what-investors-need-to-know">institutions potentially affected</a>.
The patriotic buying focuses on sectors aligned with China&#8217;s national agenda, including semiconductors, defense, and consumer stocks. Meanwhile, Chinese e-commerce giants like JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Alibaba Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>) have announced measures to help exporters pivot to domestic markets.
This retail investor support comes as Chinese Premier Li Qiang has urged government officials to strengthen efforts to stabilize the stock market, and as state-backed institutional investors publicly pledged to increase share purchases.
As tit-for-tat tariffs between the two economic powers surge past 100%, some investors see the market as another battlefield. Hedge fund manager Yang Tingwu, who redirected his portfolio into stocks after the tensions escalated, put it bluntly: &#8220;This is war, only without gun smoke.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44914995/nvidia-dropped-nearly-5-on-monday-after-report-surfaced-chinas-huawei-is-mass-shipping-ai-chips-but-bernstein-analyst-says-i-dont-see-why-it-matters-they-cant-compete-anyway">Nvidia Stock Fell Nearly 5% On Monday After Huawei Mass Shipping AI Chips In China Report Surfaced, But Bernstein Analyst Says It Doesn&#8217;t Matter: &#8216;They Can&#8217;t Compete Anyway&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: plavi011 / Shutterstock.com

Global

Economics

BABA

Chinese Retail Investors 'Hodl' Stocks In Patriotic Response To US Trade War

The acquisition of Candela is structured as a cash transaction. Candela non-GAAP full year 2024 revenues were $8 million USD. Sapiens will pay an aggregate cash consideration of $22 Million dollar. The acquisition will be accretive to profit starting from the fourth quarter of 2025.&nbsp;&nbsp; The transaction is expected to be completed during the second quarter of 2025. Upon completion, Candela will become wholly owned by Sapiens.

SPNS

Sapiens Acquires Candela For $22M To Deepen APAC Reach And Expand Life Insurance Software Portfolio

The CNN Money Fear and Greed index showed some easing in overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the Dow Jones index falling more than 950 points during the session. President Donald Trump took to Truth Social, demanding immediate rate cuts and blasting Fed Chair Jerome Powell as &#8220;Mr. Too Late,&#8221; accusing him of past political bias and inflation misjudgment.
Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell around 5.8%, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost about 4.5% on Monday. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares dipped around 5% during the session.
Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) reported better-than-expected earnings for its first quarter on Monday. Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported stronger-than-expected first-quarter financial results after the closing bell on Thursday.
All sectors on the S&amp;P 500 closed on a negative note, with energy, consumer discretionary, and information technology stocks recording the biggest losses on Monday.
The Dow Jones closed lower by around 972 points to 38,170.41 on Monday. The S&amp;P 500 dipped 2.36% to 5,158.20, while the Nasdaq Composite fell 2.55% to 15,870.90 during Monday's session.
Investors are awaiting earnings results from Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 21.6, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 19.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based
&nbsp;on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44896269/how-to-earn-500-a-month-from-3m-stock-ahead-of-q1-earnings">How To Earn $500 A Month From 3M Stock Ahead Of Q1 Earnings</a> </li>
</ul>
Photo courtesy: Shutterstock

AMZN

NFLX

NVDA

TSLA

Nasdaq Dips Over 400 Points Amid Plunge In Tesla, Nvidia Shares: Greed Index Remains In 'Extreme Fear' Zone

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) to report quarterly earnings at $1.15 per share on revenue of $33.24 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Verizon shares gained 0.1% to $42.99 in after-hours trading.</li>
<li>AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) posted weaker-than-expected sales for its fourth quarter on Monday. The company reiterated its FY26 EPS forecast of $5.50-$6.10 on revenue of $1.625 billion-$1.725 billion. AZZ shares dipped 7.6% to $71.75 in the after-hours trading session.</li>
<li>Analysts are expecting 3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) to post quarterly earnings at $1.77 per share on revenue of $5.76 billion. The company will release earnings before the markets open. 3M shares fell 0.9% to $125.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Calix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NASDAQ">CALX</a>) reported better-than-expected first-quarter financial results and issued strong second-quarter guidance. The company also announced an authorized increase to its stock repurchase program. Calix shares jumped 14.9% to $38.20 in the after-hours trading session.</li>
<li>Analysts expect Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to post quarterly earnings at 41 cents per share on revenue of $21.35 billion after the closing bell. Tesla shares gained 0.1% to $227.76 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/25/04/44896269/how-to-earn-500-a-month-from-3m-stock-ahead-of-q1-earnings"> </a>
<ul>
<li><a href="https://www.benzinga.com/25/04/44896269/how-to-earn-500-a-month-from-3m-stock-ahead-of-q1-earnings">How To Earn $500 A Month From 3M Stock Ahead Of Q1 Earnings</a> </li>
</ul>
Photo: Karolis Kavolelis/Shutterstock

CALX

Verizon, Tesla And 3 Stocks To Watch Heading Into Tuesday

Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) has announced it will delay the launch of its Firefly EV in Europe to Q3, after it claimed to launch the product in the first half of 2025.
What Happened: The Chinese EV manufacturer cited constraints related to expanding its sales and services network within the region, which is proving to be more challenging than initially predicted, Reuters reported on Tuesday.
Company CEO William Li spoke to reporters at an event in Shanghai ahead of the Shanghai Auto Show, sharing that the company plans to announce deals with European partners at the event and plans to seek additional local partners to aid in Nio's operations in Europe.
The report suggests the company is also developing a right-hand drive version of the Firefly with planned expansions into markets like SEA and the United Kingdom. The company also plans to begin operations in Singapore.
Why It Matters: News of the delay comes in as the company recently shared its Q1 2025 results, which <a href="https://www.benzinga.com/markets/equities/25/03/44452057/teslas-chinese-rival-nio-warns-of-disappointing-q1-results-deliveries-revenue-set-to-miss-estimates">missed market estimates </a>by some distance. The company delivered close to 43,000 vehicles by March 31. Nio's <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44582215/chinas-xpeng-clocks-record-q1-ev-sales-deliveries-surge-3-6x">cumulative deliveries </a>reached 713,625.
Elsewhere, Chinese battery giant CATL (Contemporary Amperex Technology Co., Limited) held talks with Nio to <a href="https://www.benzinga.com/markets/asia/25/04/44668137/nio-power-in-deal-talks-with-tesla-battery-supplier-catl">acquire a controlling stake</a> in the company's energy unit with a $343 million investment.
CATL also revealed the second generation of its <a href="https://www.benzinga.com/markets/25/04/44894382/tesla-battery-supplier-catl-unveils-new-fast-charging-battery-with-323-mile-range-in-five-minutes">Shenxing fast-charging battery</a>, which can provide a 323-mile range on a 5-minute charge.
Price Action: NIO is currently trading on the NYSE at $3.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/04/44892165/nio-xpeng-supplier-hesai-group-announces-next-gen-lidar-for-level-3-autonomous-driving">Nio, XPeng Supplier Hesai Group Announces Next-Gen LiDAR For Level 3 Autonomous Driving</a></li>
</ul>
Photo courtesy: Robert Way / Shutterstock.com

Tech

Tesla Rival Nio Delays European Launch Of Firefly EV: Report

The Company expects to receive aggregate gross proceeds of US$7.2 million from this offering, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds from this offering for expanding the functionality and capabilities of its hydroponic growing systems, development and expansion of its&nbsp; business, and for working capital and other general corporate purposes.

IPOs

PFAI

Reported Earlier, Pinnacle Food Group Prices $7.2M Initial Public Offering Of 1.8M Class A Ordinary Shares At $4/Share

BANX

Reported Earlier, ArrowMark Financial Reports March NAV Estimate Of $21.78

The China's National Medical Products Administration ("NMPA") has granted Breakthrough Therapy Designation to savolitinib for the treatment of locally advanced or metastatic gastric cancer or GEJ adenocarcinoma patients with MET amplification who have failed at least two lines of standard therapies. If positive, HUTCHMED may initiate plans to apply for marketing authorization of savolitinib for gastric cancer in China in late 2025.

Reported Earlier, HUTCHMED Wraps Enrollment In Phase II Gastric Cancer Trial For Savolitinib, Targets Late 2025 China Filing

Investment will enhance the market-leading Guidewire Platform and expand the company's team and ecosystem in Japan, enabling insurers to drive profitable growth, agility, and regulatory compliance

GWRE

Reported Earlier, Guidewire Commits $60M To Advance Cloud-Based Insurance Innovation And Compliance In Japan

Stacks (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>), a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Layer-2 token, has witnessed a significant spike over the last week, joining some of the market's biggest gainers.
What happened: STX soared over 25% to become the third-most successful cryptocurrency in the last seven days. The gains widened after an 8% uptick on Monday.
STX's trading volume soared 82% to $214.47 million in the last 24 hours, implying significant buying pressure.
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/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">Gary Black Shares Polymarket Data, Says Trump Tariffs Have Pushed Odds Of 2025 Recession To 57%</a>
The STX rally followed <a href="https://www.benzinga.com/25/04/44914473/bitcoin-dogecoin-rise-ethereum-falls-as-pro-crypto-paul-atkins-begins-tenure-as-sec-chair-analyst-outlines-91000-92000-as-key-btc-resistance-level">Bitcoin's second straight day of gains</a>, which was breaking out of weeks of range-bound price action. In the last week, Bitcoin gained 3%.
STX is the native coin of Stacks, a layer-2 solution that helps the development of decentralized applications on the Bitcoin blockchain. Put simply, it helps unlock Bitcoin's DeFi use cases. Some refer to it as &#8220;Bitcoin sidekick.&#8221;
Additionally, stablecoin supply on STX reportedly jumped 300% in the first quarter, higher than Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and the third-highest among all blockchains.
<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">stablecoin supply on stacks increased by over 300% in Q1 &#8211; ranking it #3 among all networks for stablecoin growth. stablecoin liquidity plays a crucial role in driving chain growth, and stacks is rapidly positioning itself at the forefront. <a href="https://t.co/yPnrv8SkIS">pic.twitter.com/yPnrv8SkIS</a>
&mdash; stacks.btc (@Stacks) <a href="https://twitter.com/Stacks/status/1914303165064974440?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency influencer Scott Melker, aka The Wolf Of All Streets, spotted a &#8220;big buy&#8221; signal for STX on the daily chart, adding that volumes have hit levels last seen in February.
<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=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STX</a> Big buy signal on the daily. Highest volume since February with 10 hours left on the candle. <a href="https://t.co/Gbw06yQCsT">pic.twitter.com/Gbw06yQCsT</a>
&mdash; The Wolf Of All Streets (@scottmelker) <a href="https://twitter.com/scottmelker/status/1914325521241960877?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Mihai_Andritoiu on Shutterstock.com
Price Action: At the time of writing, STX traded at $0.7535, up 8.50% 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>. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44890965/shiba-inu-team-issues-major-anti-scam-alert-heres-what-you-need-to-know">Shiba Inu Team Issues Major Anti-Scam Alert: Here&#8217;s What You Need To Know</a></li>
</ul>

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

Cryptocurrency

Movers

$SOL

$STX

This Bitcoin Layer-2 Token Is Pushing Weekly Gains To 25%, Analyst Spots 'Big Buy' Signal

U.S. stocks plummeted Monday as $1.4 trillion in market value vanished, prompting Fundstrat&#8217;s Tom Lee to draw a parallel between the single-day loss and America&#8217;s annual trade deficit.
What Happened: Lee, Head of Research at Fundstrat Global Advisors, highlighted on X that &#8220;the loss in equity market cap today equals 1 &#8216;trade deficit,'&#8221; noting the U.S. 2024 trade deficit for goods was $1.2 trillion. He urged the White House to move with &#8220;expediency to close these trade deals.&#8221;
The market rout saw the S&amp;P 500 tracked by SPDR S&amp;P 500 Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) sink 2.36% to 5,158.20, while the Dow Jones Industrial Average tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) tumbled 2.48%. The Nasdaq-100, tracked by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), fell 2.46%.
<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">The US 2024 trade deficit for goods was $1.2 trillion. &#8211; the loss in equity market cap today equals 1 "trade deficit" This highlights the White House need for expediency to close these trade deals<a href="https://twitter.com/FundstratCap?ref_src=twsrc%5Etfw">@FundstratCap</a> <a href="https://twitter.com/fs_insight?ref_src=twsrc%5Etfw">@fs_insight</a> <a href="https://twitter.com/hashtag/MondayVibes?src=hash&amp;ref_src=twsrc%5Etfw">#MondayVibes</a> <a href="https://t.co/FYNX8fhF7v">https://t.co/FYNX8fhF7v</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1914452920378019855?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/25/04/44914686/wall-street-consensus-outdated-on-tesla-q1-says-gary-black-stock-price-will-depend-on-affordable-car-commentary-elon-musks-doge-moves">Gary Black Says Wall Street Consensus Outdated On Tesla Q1: Stock Price Will Depend On Affordable Car Commentary, Elon Musk&#8217;s DOGE Moves</a>
Why It Matters: Monday&#8217;s selloff came amid renewed concerns about Federal Reserve independence after President Donald Trump demanded immediate rate cuts and criticized Fed Chair Jerome Powell as &#8220;Mr. Too Late.&#8221; Trump claimed there&#8217;s &#8220;virtually no inflation&#8221; and warned of an economic slowdown without prompt Fed action.
The dollar weakened significantly, with the U.S. Dollar Index hitting its <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">lowest level since early 2022</a>. Meanwhile, alternative assets surged, with SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rising 2.81% and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gaining 2.42%.
Market volatility spiked with nearly 98% of <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">S&amp;P 500 companies trading lower</a>. Among the few gainers were Fidelity National Information Services Inc. and Discover Financial Services, while healthcare and energy companies like Universal Health Services Inc. and Vistra Corp. suffered the steepest losses.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine&#8217; And That&#8217;s What Lies Beneath Berkshire Hathaway&#8217;s Success From One Decade To Another</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

SPDR Dow Jones Industrial Average ETF Trust

Tom Lee Says $1.4 Trillion Market Meltdown Matches Annual Trade Deficit, Presses White House To Fast-Track Deals

EV journalist and independent Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analyst Troy Teslike has released his first-quarter estimates ahead of the automaker's earnings announcement on Tuesday.
What Happened: On Monday, Troy Teslike unveiled his first-quarter projections for Tesla, offering a broadly mixed outlook on the company&#8217;s performance, relative to Wall Street expectations.
Teslike, who reports a self-verified error rate of just 1.4% on Tesla&#8217;s production and 3.0% on deliveries, expects the EV maker to post $19.21 billion in first-quarter revenue, a 10% year-over-year drop, 25% decline from the previous quarter, and below the $20 billion consensus estimate.
See More: <a href="https://www.benzinga.com/markets/25/04/44914686/wall-street-consensus-outdated-on-tesla-q1-says-gary-black-stock-price-will-depend-on-affordable-car-commentary-elon-musks-doge-moves">Gary Black Says Wall Street Consensus Outdated On Tesla Q1: Stock Price Will Depend On Affordable Car Commentary, Elon Musk&#8217;s DOGE Moves</a>
The sharpest decline is projected in Tesla's core automotive sales and leasing segment, with revenue estimated at $13.40 billion, down 30% from the fourth quarter of 2024 and 21% year-over-year. Regulatory credit revenue is forecast at $564 million, marking an 18% sequential decline but a 27% increase from last year. Service revenue, by contrast, is down just 2% year-over-year.
Tesla's energy generation and storage division is expected to be a bright spot, with projected sales of $3.02 billion, up 84% year-over-year. However, even this falls short of consensus estimates, according to Teslike&#8217;s forecasts. 
<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">Hi everyone. Here's my detailed calculation for Tesla&#39;s Q1 2025 earnings: Non-GAAP EPS: • Analyst Consensus: $0.38 • My Estimate: $0.38 The last two columns show my estimate and the analyst consensus. We both arrived at the same EPS estimate, though some of the numbers,… <a href="https://t.co/vlWKsJG7aV">pic.twitter.com/vlWKsJG7aV</a>
&mdash; Troy Teslike (@TroyTeslike) <a href="https://twitter.com/TroyTeslike/status/1914423022435303456?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Teslike's projections, however, outpace Wall Street on margins, with gross profit estimated at $3.45 billion versus the Street's $3.18 billion. He also expects gross margins at 17.9%, ahead of the 15.9% consensus, while attributing this to the absence of &#8220;0% Financing&#8221; offers for the Model Y in the U.S. in Q1.
There are a few other variations in his forecast, but Teslike ultimately lands on an earnings per share estimate of $0.38. matching analyst expectations, but marking a sharp 48% drop from the previous quarter, and a 16% decline year-over-year.
Why It Matters: The prolific Tesla analyst has been bearish on the company&#8217;s <a href="https://www.benzinga.com/25/01/43214246/researcher-expects-teslas-vehicle-deliveries-to-remain-flat-in-2025-contrary-to-musks-20-30-growth-prediction">near-term prospects</a> since January, predicting that deliveries in 2025 will be flat, countering even Elon Musk&#8217;s claims of a 20% to 30% growth. 
In February, Teslike doubled down on his outlook, warning that the <a href="https://www.benzinga.com/tech/25/02/43967968/tesla-unlikely-to-deliver-500000-evs-in-a-quarter-in-2025-says-researcher-doesnt-seem-possible-this-year-either">situation had deteriorated</a> further. He said it was unlikely Tesla would reach 500,000 deliveries in any quarter of 2025, and even 450,000 could be a stretch, citing weakening brand sentiment as a key factor.
Tesla has been <a href="https://benzinga.com/markets/25/04/44778739/elon-musks-political-fallout-fuels-record-dump-of-used-tesla-cars-now-selling-for-thousands-below-market-value">grappling with political backlash</a> tied to Musk's affiliation with President Donald Trump. With protests dubbed &#8220;Tesla Takedown&#8221; gaining steam in recent months, there was a surge in Tesla models being dumped in used car markets, often at significantly lower prices.
There are, however, analysts who remain bullish on the stock, despite the headwinds facing the company and the larger auto market. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) analyst Adam Jonas said last month that the current <a href="https://benzinga.com/news/25/03/44305257/those-holding-how-are-you-coping-with-the-dump-tesla-investor-asks-fellow-shareholders-if-theyll-sell-or-ride-it-out-no-matter-what">pullback is an opportunity</a> to buy &#8220;the embodied AI compounder,&#8221; while maintaining a Price Target of $430, or a 90% upside from current levels.
Jonas cites the company&#8217;s plays, such as robotics and AI, as having far more appeal than its legacy EV business or its autonomous cars. &#8220;It is increasingly clear to us that the commercial opportunity of non-auto expressions of embodied AI is likely far larger and faster-adopting than that of autonomous cars,&#8221; he wrote, reported <a href="https://finance.yahoo.com/news/morgan-stanley-sees-tesla-stock-reaching-430-reinstates-as-top-pick-over-ai-robotics-play-212959864.html">by</a> Yahoo Finance.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM-1024x146.png" alt="" class="wp-image-880936" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM-1536x219.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/22003140/Screenshot-2025-04-22-at-10.01.00-AM.png 1596w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Ahead of its earnings, Tesla scores remarkably well on Momentum, Growth, and Quality in Benzinga&#8217;s Edge Stock Rankings. Want more insights on the company, its peers, and competitors? Sign up to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> now!
Photo Courtesy: Around the World Photos On Shutterstock.com
Read More: <a href="https://www.benzinga.com/25/04/44914490/tesla-amazon-meta-broadcom-and-nvidia-why-these-5-stocks-are-on-investors-radars-today">Tesla, Amazon, Meta, Broadcom, And Nvidia: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>

Tesla Q1 Estimates By Troy Teslike Match Wall Street Figures But Independent Analyst Paints A Mixed Picture

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Bank of Japan Core Consumer Price Index (YoY) 2.2% Vs. 2.4% Est.; 2.2% Prior

On Monday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped by 4.51% after <a href="https://www.benzinga.com/25/04/44897966/huawei-prepares-for-bulk-shipment-of-new-advanced-ai-chip-as-china-seeks-nvidia-alternatives">a report revealed</a> that Huawei Technologies is ramping up AI chip production, but a Bernstein analyst downplayed the significance, saying the AI chip giant &#8220;can&#8217;t compete&#8221; anyway in the Chinese market due to export restrictions.
What Happened: Bernstein analyst Stacy Rasgon told Yahoo Finance that Nvidia&#8217;s operations in China have been severely constrained due to U.S. export controls, which prevent the company from selling its top-tier AI chips like the A100 and H100.&nbsp;
&#8220;I don&#8217;t see why it matters. Nvidia is not allowed to sell anything in China anymore,&#8221; he stated, adding, &#8220;They can&#8217;t compete anyway, they&#8217;re not allowed.&#8221;
Rasgon was referring to the White House&#8217;s imposition of an indefinite export ban on Nvidia's H20 chips to China, prompting the company to warn in a filing last week that it could take a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">potential $5.5 billion hit</a> to its quarterly revenue.
See Also: <a href="https://www.benzinga.com/25/04/44897214/nvidia-discusses-ai-powering-future-with-japan-amid-rising-energy-demands">Nvidia&#8217;s Jensen Huang Meets Japanese PM To Discuss AI&#8217;s Growing Energy Needs</a>
&#8220;We&#8217;ve basically just handed the China AI market to Huawei anyway, so like I&#8217;m not surprised by any of this at all,&#8221; the analyst said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;To be honest, we basically just handed the China AI market to Huawei anyway,&quot; Bernstein analyst <a href="https://twitter.com/BernsteinRasgon?ref_src=twsrc%5Etfw">@BernsteinRasgon</a> says as <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> sinks. &quot;From where we&#39;re standing now, I don&#39;t know that it matters. [Nvidia] can&#39;t compete anyway. They&#39;re not allowed.&quot; <a href="https://t.co/hntudGrcOp">pic.twitter.com/hntudGrcOp</a>
&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1914408802327388517?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It&#8217;s Important: Huawei's decision to mass ship its advanced 910C AI chip to local customers next month was reported by Reuters on Monday.
The 910C chip from Huawei, designed to be more competitive with Nvidia's offerings, combines two previous Huawei chips into a single package, effectively doubling its performance.
This move positions Huawei to take advantage of Nvidia's absence in China's AI chip market, a situation exacerbated by the latest U.S. regulations requiring licenses for Nvidia's lower-tier chips as well.
Nvidia CEO Jensen Huang also undertook a <a href="https://www.benzinga.com/markets/equities/25/04/44890578/nvidias-jensen-huang-meets-shanghai-mayor-amid-fresh-us-chip-curbs">high-level tour of China</a> last week. In fiscal 2024, China contributed $17 billion in revenue, <a href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters">making up 13% of Nvidia's</a> total sales.
Meanwhile, Chamath Palihapitiya, often referred to as the &#8220;SPAC King,&#8221; has expressed <a href="https://www.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">concerns about Nvidia</a>, alleging that the company may not be prioritizing the best interests of the U.S.
Price Action: Nvidia&#8217;s stock has dropped 29.93% since the beginning of the year but is still up 21.87% over the last 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings assigns the company a robust growth score of 94.78%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with</a> other leading tech firms.
Photo Courtesy: Hepha1st0s on Shutterstock.com
Read More:
<ul>
<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.

Nvidia Stock Fell Nearly 5% On Monday After Huawei Mass Shipping AI Chips In China Report Surfaced, But Bernstein Analyst Says It Doesn't Matter: 'They Can't Compete Anyway'

Treasury Secretary Scott Bessent&#8216;s recent assurances to Wall Street executives about imminent trade agreements with key U.S. allies have yet to materialize, sending markets into a tailspin as investors grow increasingly concerned about the administration&#8217;s tariff policies.
What Happened: About 10 days ago, Bessent reportedly told financial executives he was making &#8220;significant progress&#8221; on trade deals with India, Japan, South Korea, and Australia. These agreements would have potentially allowed President Donald Trump to focus on trade issues with China while avoiding broader economic disruption.
&#8220;In the end, it doesn&#8217;t matter what Bessent thinks or does because he works for Trump,&#8221; one banker <a href="https://nypost.com/2025/04/21/business/trump-team-needs-a-trade-deal-to-stop-investor-panic/">told</a> FOX Business Senior Correspondent Charles Gasparino, according to a New York Post column on Monday.
The Dow Jones Industrial Average plummeted 971.82 to close at 38,170 on Monday, while the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), fell 2.36% to close at 5,158. Instead of turning to more conventional safe havens like Treasury bonds, <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">investors flocked to alternative assets</a> like gold and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
<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">Scoop: About 10 days ago Scott Bessent began telling Wall Street executives he was making progress cutting trade deals with India, Japan, South Korea, and Australia, some of our biggest trade partners. Then nothing happened and the markets tanked. My latest <a href="https://twitter.com/nypost?ref_src=twsrc%5Etfw">@nypost</a> exclusive…
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1914492848499777592?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44910907/top-fed-voices-defend-powell-slam-trumps-attack-on-central-bank-independence">Top Fed Voices Defend Powell, Slam Trump&#8217;s Attack On Central Bank Independence</a>
Why It Matters: &#8220;The White House needs trade deals done quick with a negotiation path established with China, otherwise the markets, 10-year yield, USD, Gold, and the economy will head down their own divergent paths,&#8221; warned Dan Ives, tech analyst at Wedbush Securities.
The situation was further complicated when Trump called Federal Reserve Chair Jerome Powell a &#8220;major loser,&#8221; suggesting he might attempt to remove Powell for his reluctance to cut interest rates <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">amid inflation concerns from tariffs</a>.
Japan was reportedly close to finalizing a deal, but sources indicate the White House continues to adjust terms. The negotiating team presents its own challenges, with the trade-centrist Bessent seemingly leading efforts while working alongside hawkish figures like Commerce Secretary Howard Lutnick and trade adviser Peter Navarro.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/04/44913389/rtx-lockheed-martin-northrup-grumman-report-earnings-tuesday-what-to-watch">RTX, Lockheed Martin, Northrup Grumman Report Earnings Tuesday: What To Watch</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" target="_blank" rel="noreferrer noopener"></a>
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Dow Plunges Nearly 1,000 Points As Markets Lose Confidence In US Trade Direction Following Bessent's Unfulfilled Promises: Report

The U.S. Education Department said it will restart collections on May&nbsp;5, reviving tactics like intercepting tax refunds and Social Security checks to recover past‑due federal loans.
What Happened: According to an official press release, roughly 5&nbsp;million people are at least 270&nbsp;days behind, and the department will again tap the Treasury Offset Program to claw back debts. Wage garnishment, which lets the government order employers to skim paychecks, could kick in by summer.
"American taxpayers will no longer be forced to serve as collateral for irresponsible student‑loan policies," Education Secretary Linda McMahon said, blasting the Biden‑era payment pause. "The executive branch does not have the constitutional authority to wipe debt away."
Monday's notice urges defaulters to call the Default Resolution Group and either make a small payment, enroll in an income‑driven plan, or begin loan rehabilitation. But those lifelines are scarce: in February, a federal court killed the Biden administration's <a href="https://www.benzinga.com/top-stories/24/08/40611128/us-supreme-court-declines-to-revive-biden-administrations-student-debt-relief-plan">SAVE plan</a>, and the department has since pulled all income‑driven repayment (IDR) applications from its website.
See also: <a href="https://www.benzinga.com/personal-finance/25/04/44890297/married-borrowers-could-see-major-changes-to-student-loan-payments-whats-happening-with-idr-plans">Married Borrowers Could See Major Changes to Student Loan Payments: What&#8217;s Happening With IDR Plans</a>
Advocates say borrowers are being cornered. "Trump and McMahon have blocked these borrowers' path out of default and are now feeding them into the maw of the government debt‑collection machine," said Mike Pierce, the Executive Director of Student Borrower Protection Center, a non-profit organization.
Why It Matters: The restart lands as President Donald Trump <a href="https://www.benzinga.com/25/03/44408839/trump-will-sign-an-order-to-dismantle-the-department-of-education-on-thursday-report">moves to dismantle</a> the Education Department entirely. A <a href="https://www.benzinga.com/general/education/25/03/44444175/trump-orders-steps-to-dismantle-department-of-education-what-it-means-for-student-loans">March executive order</a> directs McMahon to fold the agency into the Small Business Administration, which would inherit a $1.8 trillion loan book.
Officials promise a revamped "enhanced" IDR system next week that will eliminate annual income paperwork, but details remain thin, and the countdown to May 5 is short.
Photo Courtesy: Pla2na On Shutterstock.com
Read next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44914220/mark-cuban-once-revealed-a-childhood-habit-that-his-automobile-upholsterer-father-was-happy-about-i-dont-understand-what-youre-doing-but-im-glad-youre-doing-it">Mark Cuban Once Revealed A Childhood Habit That His Automobile Upholsterer Father Was Happy About: &#8216;I Don&#8217;t Understand What You&#8217;re Doing, But I&#8217;m Glad You&#8217;re Doing It&#8217;</a></li>
</ul>

Education

General

Linda McMahon Says American Taxpayers No Longer 'Collateral' As Student Debt Collection Restarts May 5

Press Releases

Victoria's Secret & Co. Appoints Hillary Super Chief Executive Officer

Victoria's Secret & Co. Reports Second Quarter 2024 Results

Victoria's Secret's VSX is Back, An All-New Collection Where Performance Meets Fashion

Victoria's Secret & Co. Invites You to Listen to the Third Quarter 2024 Earnings Call Webcast

Victoria's Secret & Co. Reports Third Quarter 2024 Results

Victoria's Secret & Co. Announces CFO Transition and Provides Positive Update on Holiday Sales and 2024 Earnings Expectations

Victoria's Secret & Co. Invites You to Listen to the  Fourth Quarter 2024 Earnings Call Webcast

Victoria's Secret Launches Designer Collaboration: Atelier Victoria's Secret x Altuzarra

Victoria's Secret & Co. Reports Fourth Quarter 2024 Results

Victoria's Secret & Co. Announces Key Leadership Appointments to Drive Strategic Growth

VSCO

American Eagle Outfitters, Inc. Common Stock

American Eagle Outfitters

Abercrombie & Fitch

Buckle

Boot Barn Holdings

Burlington Stores

Caleres

Citi Trends

Torrid Holdings

Foot Locker

Genesco

Guess

J.Jill

Lands' End

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing twelve ordinary shares

LightInTheBox Holding

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share

Comments

Victoria's Secret

Actualités

Dernières nouvelles pour Victoria's Secret (NYSE:VSCO) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL