The Communication Services Select Sector SPDR Fund (ARCA: XLC)

Dernières nouvelles pour The Communication Services Select Sector SPDR Fund (ARCA:XLC)

The Communication Services Select Sector SPDR Fund

Communication Services

Technology

Consumer Cyclical

Normally, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Communication Services companies by the GICS, including securities of companies from the following industries: diversified telecommunication services; wireless telecommunication services; media; entertainment; and interactive media & services. The fund is non-diversified.

Meta Platforms, Inc.

Alphabet Inc.Class A

Alphabet Holding Company Inc.

Charter Communications, Inc., Class A

Electronic Arts, Inc.

Comcast Corp. Class A

AT&T Inc.

T-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558

Verizon Communications, Inc.

Walt Disney Co

Netflix, Inc.

Take-Two Interactive Software, Inc.

Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 20 percent. This is a 68 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $4.62 billion which beat the analyst consensus estimate of $4.41 billion by 4.64 percent. This is a 8.94 percent decrease over sales of $5.07 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Nokia Q1 Adj. EPS $0.03 Misses $0.04 Estimate, Sales $4.62B Beat $4.41B Estimate

q2Business Outlook
ST's guidance, at the mid-point, for the 2025 second quarter is:
<ul>
<li>Net revenues are expected to be $2.71 billion, an increase of 7.7% sequentially, plus or minus 350 basis points.</li>
<li>Gross margin of 33.4%, plus or minus 200 basis points.</li>
<li>This outlook is based on an assumed effective currency exchange rate of approximately $1.08 = €1.00 for the 2025 second quarter and includes the impact of existing hedging contracts.</li>
<li>The second quarter will close on June 28, 2025.</li>
</ul>
This business outlook does not include any impact for potential further changes to global trade tariffs compared to the current situation.

Guidance

STMicroelectronics Q2 Outlook: Expects Revenue Of $2.71B Vs. $2.616B Est.; Sees Gross Margin Of 33.4%

STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 88.89 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $2.52 billion which beat the analyst consensus estimate of $2.51 billion by 0.26 percent. This is a 27.36 percent decrease over sales of $3.46 billion the same period last year.

STMicroelectronics Q1 EPS $0.06 Beats $0.04 Estimate, Sales $2.52B Beat $2.51B Estimate

Leading Canadian cryptocurrency trading platform, Ndax,&nbsp;and the National Hockey League&nbsp;announced a major partnership Wednesday for&nbsp;the 2025 Stanley Cup Playoffs
What Happened: Ndax was named the official crypto trading platform of the NHL, according to a press release
Under the terms of the agreement, Ndax will gain brand exposure&nbsp;during the 2025 Stanley Cup&nbsp;Playoffs, with its logo featured for all Canadian playoff games. The logo will be displayed&nbsp;on the NHL's Digital&nbsp;Enhanced Dasherboards during all&nbsp;national Stanley Cup Playoffs broadcasts&nbsp;in Canada.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump" target="_blank" rel="noreferrer noopener">TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump </a>
The collaboration also marks the launch of Ndax ICE, a free-to-play daily NHL prediction game. The mobile-based game will allow users to predict the winners of the games and earn prizes such as tickets to the Stanley Cup Playoffs, Stanley Cup Final, and cryptocurrency rewards of up to CA$5,000 ($3604.43) in the asset of their choice.
Why It Matters: This partnership represented a significant milestone in the integration of cryptocurrency into mainstream sports.
Ndax, a premier cryptocurrency trading platform in Canada, allows users to trade various cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). 
The NHL is one of the <a href="https://www.benzinga.com/topic/nhl">major professional sports leagues</a> in the U.S. and Canada. Following the conclusion of the NHL&#8217;s regular season,&nbsp;16 teams advance to the&nbsp;Stanley Cup playoffs, a four-round tournament that runs into June to determine the league champion. This year, five Canadian teams have qualified for the playoffs.
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44925491/5-000-calling-will-pectra-lift-ethereum-to-its-next-all-time-high" target="_blank" rel="noreferrer noopener">$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?</a></li>
</ul>
Photo Courtesy: Debby Wong on Shutterstock.com
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>

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

Cryptocurrency

Sports

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$BTC

$ETH

NHL And Canada-Based Ndax Announce Partnership For 2025 Stanley Cup Playoffs, Launches Prediction Game That Gives Users Chance To Win Finals Ticket And Crypto

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is implementing a strategic pivot in response to China&#8217;s halt of aircraft deliveries amid escalating tariff tensions, according to statements made during the company&#8217;s <a href="https://www.benzinga.com/25/04/44948499/boeing-stock-jumps-after-q1-2025-results-production-expansion-plans-for-737-and-787">first quarter of 2025 earnings call</a>.
What Happened: CEO Kelly Ortberg confirmed that Chinese customers have indicated they will not take delivery of Boeing aircraft following China&#8217;s implementation of 125% retaliatory tariffs on U.S.-made goods, a response to President Donald Trump&#8216;s 145% tariffs on Chinese imports.
&#8220;Due to the tariffs, many of our customers in China have indicated they will not take delivery,&#8221; Ortberg said during the earnings call. &#8220;We&#8217;re not going to continue to build aircraft for customers who will not take them.&#8221;
Boeing has approximately 50 China deliveries planned for the remainder of 2025, including 41 aircraft already built or in production. The company is actively assessing options to remarket these planes to other customers, with Ortberg noting strong demand elsewhere.
&#8220;There&#8217;s plenty of customers out there looking for the Max aircraft,&#8221; <a href="https://www.benzinga.com/25/04/44960098/boeing-ceo-says-china-stopped-taking-airplane-deliveries-as-trade-war-rages">Ortberg told CNBC</a>. &#8220;I&#8217;m not going to let this derail the recovery of our company.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla Q1 Misses Estimates As Tariff Pressures Weigh On Outlook, Lower-Cost EVs Still On Track</a>
Why It Matters: Despite these challenges, Boeing reported better-than-expected first-quarter results with revenue increasing 18% year-over-year to $19.5 billion. The company delivered 130 aircraft in the quarter, exceeding internal projections, and reported a core operating margin recovery to 1% from -2.3% a year ago.
The company expects to largely offset any potential cash flow impact from the China situation, maintaining its cash usage projection of $4-5 billion for the year.
&#8220;We had a really good start to the year operationally, which we believe puts us in a position to largely offset any potential cash flow impact of China deliveries,&#8221; said CFO Brian West.
Price Action: Boeing Co. closed at $172.37 on Thursday, up 6.06%. After hours, it slipped slightly to $172.36. Year to date, the stock is up 0.29%.
Boeing shows weak growth and valuation metrics, according to Benzinga Edge Stock Rankings. While the stock has positive momentum, BA continues to exhibit a negative price trend in the short to long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44889632/warren-buffetts-son-cashed-in-90k-instead-of-waiting-on-500-million-now-hes-using-buffett-bucks-to-build-his-own-dream-town-in-new-york">Warren Buffett&#8217;s Son Cashed In $90K Instead of Waiting on $500 Million — Now He&#8217;s Using &#8216;Buffett Bucks&#8217; to Build His Own Dream Town in New York</a></li>
</ul>
Photo Courtesy: Andreas Zeitler On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Boeing Adjusts Strategy Amid Trump Tariff Fallout, CEO Kelly Ortberg Says Won't 'Build Aircraft For Customers Who Will Not Take Them' As China Halts Deliveries

China's reported breakthrough in producing 5-nanometer <a href="https://www.benzinga.com/markets/eurozone/25/03/44253751/asml-boosts-ai-chip-rd-in-europe-amid-us-sanctions-china-slowdown-and-subsidy-uncertainty">chips without extreme ultraviolet</a> (EUV) lithography has sparked warnings from tech leaders.
What Happened: On Wednesday, William Huo, Intel Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) first chief representative in Beijing, took to X, formerly Twitter, and highlighted the report that China's Semiconductor Manufacturing International Corporation (SMIC) had manufactured 5 nm-class chips without using EUV tools.
"BREAKING: China made 5nm chips without EUV. Let that sink in," Huo wrote. "No ASML. No Nikon. Just brute-force DUV, clever engineering, and sheer industrial will."
He credited the milestone to advanced deep ultraviolet (DUV) techniques and innovations like Self-Aligned Quadruple Patterning (SAQP), calling the result "Moore's Law by force, not finesse."
See Also: <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">Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead</a>
Huo said that these chips are symbolic of China's resilience against U.S. sanctions and its emergence as a self-reliant chip powerhouse.
Responding to Huo's thread on the platform, venture capitalist Chamath Palihapitiya added his own stark assessment, saying, "There is one, and only one, battle that must be won&#8230; Technical Superiority."&nbsp;
"Countries who have technical superiority will have military and economic superiority over those that don't&#8230; China is formidable and neck and neck with America, but America can win if we focus and prioritize."
The "SPAC King" warned that America could lose its edge if it continues to favor bureaucracy and red tape over actual innovation and scaling.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sitting here, in 2025, its important to recognize that there is one, and only one, battle that must be won when thinking in terms of the sovereignty and supremacy of one nation-state over another: Technical Superiority Countries who have technical superiority will have military… <a href="https://t.co/yNPCY5c0rD">https://t.co/yNPCY5c0rD</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1915170302444855460?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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Why It's Important: Last month, Wccftech cited industry insiders and <a href="https://wccftech.com/smic-5nm-development-completed-in-2025/">reported</a> that SMIC is expected to complete its 5nm chip development by 2025.
However, the manufacturing cost of these chips could be up to 50% higher than that of Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), largely due to SMIC&#8217;s inability to access advanced EUV tools.
As per the report, SMIC&#8217;s yield rates for 5nm wafers are roughly one-third of what TSMC achieves on comparable technology. Despite these challenges, Huawei Technologies is said to be planning to incorporate SMIC's 5nm chips into its Ascend 910C AI processors.
This is part of broader efforts to reduce dependence on Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and boost domestic capabilities.
While reporting its first-quarter financial results, TSMC said, &#8220;Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies,&#8221; referring to the continuing demand for these chips.
Earlier this month, the White House enacted a permanent export restriction on Nvidia's H20 chips to China, a move that the company says could impact its quarterly revenue by <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">as much as $5.5 billion</a>.
This is part of the U.S. government&#8217;s efforts to bring advanced chip manufacturing back home. A key piece of the puzzle is cutting-edge technology like EUV lithography from Dutch company ASML Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), which is essential for producing smaller, more powerful chips.
Intel earns a growth rating of 3.59% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare its performance</a> with TSMC, Nvidia, and other leading tech giants.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/INTC"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23231821/Screenshot-2025-04-24-at-8.48.09%E2%80%AFAM.png" alt="" class="wp-image-885545" /></a></figure>
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 Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Photo Courtesy: Maxx-Studio On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

ASML

INTC

NVDA

China's Chip Breakthrough Without ASML Makes Chamath Palihapitiya Take Stock Of Beijing's 'Formidable' Nature: 'America Can Win If…'

Retail investors are raising concerns over U.S. Treasury Secretary Scott Bessent's recent remarks on tariffs and the ongoing trade tensions with China, delivered at a closed-door investor summit hosted by JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>). 
Bessent&#8217;s comments, which sparked a $2.2 trillion surge in the markets, have been criticized by retail traders who say they were shut out of potentially market-moving information.
What Happened: On Wednesday, popular financial newsletter The Kobeissi Letter voiced concerns about fairness in a post on X, referring to Bessent's recent appearance at a private, closed-door investor summit.
The post highlights that the event wasn&#8217;t &#8220;open to the public or media,&#8221; and it was where Bessent first said that he expects a &#8220;de-escalation with China,&#8221; before describing the current trade environment as &#8220;unsustainable for both sides.&#8221; 
See More: <a href="https://www.benzinga.com/tech/25/04/44970168/elizabeth-warren-slams-tim-cook-over-alleged-backdoor-deal-with-trump-to-shield-apple-from-crushing-china-tariffs-creates-the-appearance-of-impropriety">Elizabeth Warren Slams Tim Cook Over Alleged Backdoor Deal With Trump To Shield Apple From Crushing China Tariffs: &#8216;Creates The Appearance Of Impropriety&#8217;</a>
These remarks were made at 12:00 PM EST, according to the post, following which the markets witnessed a surge in volumes, with the S&amp;P 500 Futures rallying +5%, resulting in a total gain of $2.2 trillion in market cap, while retail traders and investors were still kept in the dark.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Retail investors were just cheated: Yesterday at 12:00 PM ET, US Treasury Secretary Bessent said he sees &quot;de-escalation with China&quot; and the current situation is &quot;unsustainable.&quot; These comments were provided at a CLOSED-DOOR investor summit hosted by JP Morgan. This summit was… <a href="https://t.co/gQGKVBYhi4">pic.twitter.com/gQGKVBYhi4</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1915007666604175549?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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It was only at 5:18 PM EST that President Donald Trump said tariffs on China &#8220;will not be as high as 145%,&#8221; which finally brought retail into the loop.
&#8220;Investors at the JP Morgan event were able to front-run these headlines,&#8221; it says, before asking, &#8220;How is this fair for retail investors?&#8221;
Other X users have raised similar concerns, with Cheddar Pool, a service that tracks options order flows, sharing insights on an S&amp;P 500 &#8220;Whale&#8221; who added $2.2 million in 1DTE (one day to expiry options) at 3:21 PM EST on Tuesday, while asking &#8220;Bessent, was that you?&#8221;
According to the post, that whale is now up 460%, with gains of over $10 million, within just a day.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bessent, was that you? &#x1f914; This <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> whale is now up +460% in ONE DAY +$10,000,000!!! <a href="https://t.co/l603kEVQhK">https://t.co/l603kEVQhK</a>
&mdash; Cheddar Flow (@CheddarFlow) <a href="https://twitter.com/CheddarFlow/status/1914715157210497425?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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<figcaption class="wp-element-caption"> Scott Bessent and the Treasury did not immediately respond to Benzinga&#8217;s request for comments. Why It Matters: There have been growing concerns regarding leaks and insider trading within the current administration, with Scott Galloway calling the April 9th tariff pause the &#8220;greatest day of insider trading in history,&#8221; citing the suspicious timing of <a href="https://benzinga.com/news/25/04/44891038/clearly-word-got-out-scott-galloway-says-april-9-will-go-down-as-the-greatest-day-of-insider-trading-in-history">large options trades</a>.</figcaption></figure>
Others, such as Rep. Marjorie Taylor Greene (R-Ga.), part of Trump&#8217;s inner circle, have <a href="https://www.benzinga.com/markets/25/04/44806734/marjorie-taylor-greene-made-large-stock-purchases-ahead-of-trumps-90-day-tariff-pause-hakeem-jeffries-calls-it-problematic">come under scrutiny</a> for making large stock purchases ahead of the 90-day pause on tariffs. 
Rep.&nbsp;Adam Schiff&nbsp;(D-Calif.) and Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) have outright accused Trump of <a href="https://benzinga.com/markets/equities/25/04/44728524/adam-schiff-and-elizabeth-warren-call-for-investigation-into-possible-insider-trading-by-trump-allies-as-markets-surge-after-90-day-tariff-pause-it-sure-looks-like-corruption">manipulating the markets</a> to &#8220;benefit his Wall Street donors.&#8221;
Price Action: The Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) is up 1.6% on Wednesday, followed by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq, up by 2.27%. The SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) is up 1.03%.
Photo courtesy: Maxim Elramsisy / Shutterstock.com
Read More: <a href="https://www.benzinga.com/news/25/04/44969920/its-not-going-to-end-well-former-sec-chair-gensler-says-chinese-are-tough-negotiators-who-believe-they-can-outwait-us-policy-volatility">&#8216;It&#8217;s Not Going To End Well&#8217;—Former SEC Chair Gensler Says Chinese Are &#8216;Tough Negotiators&#8217; Who Believe They Can Outwait US Policy Volatility</a>

SPDR Dow Jones Industrial Average ETF Trust

Scott Bessent's China 'De-Escalation' Scoop Delivered To Wall Street Early At Closed-Door Event — $2.2 Trillion In Gains Later Questions Arise If Retail Investors Were 'Cheated'

A trader missed making millions in profit due to the premature selling of Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) tokens ahead of a bullish announcement on Wednesday.
What Happened:&nbsp; The investor sold all their 630,339 TRUMP, worth $5.48 million, just before the announcement of an exclusive dinner date with President Donald Trump for the token&#8217;s biggest holders, according to Lookonchain.
The trader offloaded the tokens at $8.7 each, making a profit of around $483,000. However, had the trader waited until the announcement,&nbsp;his profit would have been&nbsp;over $4.5 million.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What a sad story! This guy dumped all 630,339 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a>($5.48M) just before the <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> dinner news. If he had been more patient, his profit would have been over $4.5M.<a href="https://t.co/mwWGMYi7eH">https://t.co/mwWGMYi7eH</a> <a href="https://t.co/Mgh1ZaT8dQ">pic.twitter.com/Mgh1ZaT8dQ</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1915084361751499178?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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Meanwhile, frantic trading activity was observed for the high-profile token. A whale investor bought $5 million worth of TRUMP as the price began to rise and sold it all in less than 30 minutes for $5.73 million, netting $731,800.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A whale just spent 5M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 407,467 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> at $12.27 after the news of the <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> Dinner.<a href="https://t.co/uhuZdkloOD">https://t.co/uhuZdkloOD</a> <a href="https://t.co/3o0XQEDn0x">pic.twitter.com/3o0XQEDn0x</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1915080262758871484?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44962519/floki-surges-32-in-7-days-outpaces-dogecoin-shiba-inu-what-is-going-on" target="_blank" rel="noreferrer noopener">Floki Surges 32% In 7 Days, Outpaces Dogecoin &amp; Shiba Inu: What Is Going On?</a>
Why It Matters:&nbsp;The dinner, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump">scheduled for May 22</a>, is to be held at Trump National Golf Club in Washington, D.C., and is limited to the top 220 holders of the TRUMP token. 
The top holders will also be able to attend a VIP reception and tour the White House, as well as receive limited-edition commemorative non-fungible tokens on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) chain.
The memecoin surged as much as 65% on the news before tapering by late evening. The team behind the token clarified that Trump will be a guest at the event but will not be involved in fundraising or investment solicitation.
Price Action: At the time of writing, TRUMP was exchanging hands at $12.64, up 37% 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>. It rose to become the fourth-largest meme coin by market capitalization.
Photo Courtesy: Jonah Elkowitz 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>

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Movers

Trading Ideas

$SOL

$TRUMP

Trader Dumps TRUMP Tokens Before Presidential Dinner Revelation: Meal Cost Early Seller $4.5 Million

On Wednesday, U.S. stocks surged with the Dow Jones jumping over 419 points to 39,606.57. The NASDAQ climbed 2.5% to 16,708.05, and the S&amp;P 500 increased by 1.7% to 5,375.86.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) rose 1.90% to close at $245.48, hitting an intraday high of $249.34 and a low of $243.66. Its 52-week range is between $266.45 and $162.62. IBM reported <a href="https://www.benzinga.com/news/earnings/25/04/44966124/ibm-shares-slide-despite-better-than-expected-q1-details">first-quarter earnings</a> of $1.60 per share, surpassing analyst expectations of $1.40. Revenue also exceeded forecasts at $14.54 billion, compared to the anticipated $14.4 billion.
Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) saw a 3.52% increase, closing at $48.76. The stock reached a high of $49.70 and a low of $48.22, with a 52-week high of $69.26 and a low of $44.46. Chipotle reported first-quarter revenue of $2.9 billion, <a href="https://www.benzinga.com/general/restaurants/25/04/44965628/chipotle-investors-get-burnt-on-q1-earnings-as-comparable-sales-fall-amid-slowdown-in-consumer-spending">missing the $2.95 billion estimate</a>. However, adjusted earnings of 29 cents per share beat the expected 28 cents.
See Also:&nbsp;<a href="https://benzinga.com/25/04/44919745/tesla-shifts-cybertruck-marketing-strategy-to-appeal-to-traditional-pick-up-truck-customers-amid-poor-sales" target="_blank" rel="noreferrer noopener">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a>
Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) climbed 3.67% to finish at $152.15, with a high of $155.34 and a low of $151.28. Its 52-week high and low are $220.38 and $139.95, respectively. Texas Instruments reported an 11% year-over-year revenue increase, with strong guidance for navigating supply chain dynamics. In the first quarter, revenue came in at $3.91 billion. The earnings per share of $1.28 beat estimates of $1.07.
Class A shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose 2.56% to $155.35, reaching a high of $157.53 and a low of $153.81. The stock&#8217;s 52-week range is $207.05 to $140.53. The company&#8217;s Class C shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) ended the day 2.48% higher at $157.72.  Alphabet is set to announce its quarterly earnings, with analysts predicting an <a href="https://www.benzinga.com/insights/earnings/25/04/44956346/a-glimpse-of-alphabets-earnings-potential">EPS of $2.02.</a>
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 5.37% to close at $250.74, with an intraday high of $259.45 and a low of $244.43. Its 52-week high and low are $488.54 and $157.40. Tesla <a href="https://www.benzinga.com/25/04/44955303/tesla-stock-is-ripping-higher-wednesday-whats-driving-the-action">shares soared</a> following the release of its first-quarter results, despite missing revenue and earnings estimates.
Benzinga Edge Stock Rankings ranks Chipotle stock Quality in the 82nd percentile and Growth at the 72nd percentile. How do other restaurant chains compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to find out.
<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="286" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12.png" alt="" class="wp-image-885496" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12-300x193.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Goodvibes Photo on Shutterstock.com
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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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>

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Tesla, IBM, Chipotle, Texas Instruments, Alphabet: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, Sen. Elizabeth Warren (D-Mass.) requested answers from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook, citing a <a href="https://www.benzinga.com/24/11/42158580/how-tim-cooks-strategy-to-win-over-trump-gave-apple-a-competitive-edge-and-why-sundar-pichai-mark-zuckerberg-and-others-might-be-following-his-playbook">pattern of "influence-peddling"</a> between the iPhone-maker and the Donald Trump administration over the trade negotiations with China.
What Happened: In a letter to Cook that was obtained by Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-23/apple-ceo-tim-cook-urged-by-elizabeth-warren-to-disclose-trump-tariff-talks">News</a>, Warren questioned Apple CEO's involvement in <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">securing tariff exemptions</a> on Apple products after Trump threatened to impose duties as high as 145% on Chinese imports.
These tariffs, if enacted, would have severely impacted Apple's supply chain and profit margins. Previously, Wedbush analyst Dan Ives said that iPhones manufactured in the U.S. could cost as much as $3,500, more than <a href="https://www.benzinga.com/markets/equities/25/04/44728758/trumps-tariffs-could-push-apple-iphone-prices-to-a-staggering-3500-says-top-analyst">three times the current price</a>.
Read Next: <a href="https://www.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">Charlie Munger Once Said Warren Buffett Is A &#8216;Learning Machine&#8217; And That&#8217;s What Lies Beneath Berkshire Hathaway&#8217;s Success From One Decade To Another</a>
&#8220;I write regarding my concerns about the extent to which you &#8216;went to work behind the scenes&#8217; to obtain special exemptions from President Trump's new tariffs earlier this month,&#8221; Warren wrote in the letter.&nbsp;
"The circumstances surrounding Apple's exemptions raise fresh concerns about influence-peddling by huge well-connected corporations, and their ability to gain special favors from President Trump," she stated.
Adding, "At best, your work to eliminate the tariffs on Apple products, and President Trump's subsequent decision to exempt certain Apple products, creates the appearance of impropriety."
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.
The senator cited reports that Cook had private discussions with Trump administration officials shortly before electronics—including iPhones—were excluded from the tariff list.
She also mentioned <a href="https://www.benzinga.com/25/01/42801809/apple-ceo-tim-cook-reportedly-donates-1-million-to-trump-inauguration-joins-ranks-of-mark-zuckerberg-jeff-bezos-and-sam-altman">Cook's $1 million donation</a> to Trump's inauguration committee.
"In light of these reports, we write to request more information about your attempts to influence Trump Administration officials," she added, asking for a timeline of Apple's conversations with federal officials and when the company learned it would be exempted.
Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It's Important: Earlier, it was reported that Cook and U.S. Commerce Secretary Howard Lutnick discussed how <a href="https://www.benzinga.com/25/04/44882019/apple-ceo-tim-cooks-dialogue-with-commerce-secretary-lutnick-secured-tariff-exemption-for-iphones-and-electronics-report">Trump tariffs could affect iPhone prices</a>.
The report came after the Trump administration waived import duties on electronic devices produced in China. This move benefited Apple and also provided respite to companies like HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>).
Last year, Cook revealed that Apple's decision to manufacture in China wasn't because of cheap labor, as most people assume.
Price Action: Apple shares rose 2.43% on Wednesday, closing at $204.60. Despite the daily gain, the stock remains down 16.10% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Apple currently holds a growth score of 45.08% in the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>. Click here to see how it compares with other leading tech stocks.
Photo Courtesy: David Garcia on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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AAPL

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Elizabeth Warren Slams Tim Cook Over Alleged Backdoor Deal With Trump To Shield Apple From Crushing China Tariffs: 'Creates The Appearance Of Impropriety'

Leading cryptocurrencies gained on Wednesday amid reports that President Donald Trump was considering reducing China tariffs.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.47%</td>
<td>$93,643.53</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>+2.38%</td>
<td>$1,792.14</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>-2.57%</td>
<td>$0.1785</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin consolidated in the $93,000 range after rising above $94,000 early this morning. Ethereum, the second-largest cryptocurrency, surpassed $1,800 for the first time since April 6.&nbsp;
Dogecoin, meanwhile, edged lower, following a sharp rebound earlier in the week.
Over $351 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $190 million in bearish shorts getting erased.&nbsp;
Nearly $289 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reached $95,000.
Bitcoin&#8217;s Open Interest rose moderately by 0.15% in the last 24 hours, following a double-digit bump in the previous day.
Bearish bets continued to dominate over bullish long bets, as more than 62% of Binance traders with open Bitcoin positions bet against the leading cryptocurrency.
The market sentiment remained in "Greed," according to the Crypto Fear and Greed Index, signaling a rise in buying pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Official Trump (TRUMP)</td>
<td>+41.26%</td>
<td>$13.03</td>
</tr>
<tr>
<td>Onyxcoin (XCN)</td>
<td>+12.85%</td>
<td>$0.02103</td>
</tr>
<tr>
<td>JasmyCoin (JASMY)</td>
<td>+9.66%</td>
<td>$0.01683</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.93 trillion, following a marginal increase of 0.11% in the last 24 hours.
Stocks rose further on Wednesday. The Dow Jones Industrial Average jumped 419.59 points, or 1.07%, to end at 39,606.57. The S&amp;P 500 gained 1.67% to close at 5,375.86. The tech-heavy Nasdaq Composite spiked 2.50% to end at 16,708.05.
The advance comes amid reports that the Trump administration was contemplating <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44962996/nio-stock-trades-higher-on-potential-china-tariff-cuts-ev-sector-optimism">lowering China tariffs to between 65% and 50%</a>, a significant reduction from the current 145%.
The sentiment has also been boosted by the shift in Trump&#8217;s tone toward Jerome Powell, who said he has no intention of firing the Federal Reserve Chair.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: In a note to Benzinga, analysts at cryptocurrency payment company B2BINPAY said that while Bitcoin's current setup looks bullish, there are warning signs.
"Bitcoin dominance is currently very high, at 64.30%. This means that if Bitcoin drops even slightly from here, the altcoin market could face a much sharper decline. In this scenario, caution is warranted — it's like walking on thin ice," the analytics team added.
Widely followed cryptocurrency analyst Rekt Capital noted Ethereum's "strong" reaction as it tested the "historical demand area" as support.
"Continued stability here is essential to building out a reversal base," the chartist stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> Ethereum is enjoying a stronger reaction today, successfully retesting this light blue area as support Continued stability here is essential to building out a reversal base <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://t.co/OOdMS4HfUs">https://t.co/OOdMS4HfUs</a> <a href="https://t.co/6OJit9yepP">pic.twitter.com/6OJit9yepP</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1915061207343788288?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo: Antonio Gravante/Shutterstock
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$DOGE

Bitcoin, Ethereum Rise, Dogecoin Falls As Trump Reverses Course On China Tariffs: Analyst Says BTC Setup Bullish But 'It's Like Walking On Thin Ice'

Former Securities and Exchange Commission Chair Gary Gensler says the trade fight between the U.S. and China is headed for trouble. &#8220;I think it&#8217;s going to be a bit of a quagmire,&#8221; Gensler said on CNBC&#8217;s &#8220;<a href="https://www.youtube.com/watch?v=p65NoTDP9yc">Squawk Box</a>&#8221; last week in his first interview since leaving office.
<h2 class="wp-block-heading">China Plays the Long Game</h2>
Gensler, who negotiated with Chinese regulators during the Biden administration, warned that the U.S. needs to approach China with a combination of consistency, firmness and respect. &#8220;They&#8217;re tough negotiators,&#8221; he said. &#8220;They think time is on their side and that they can outwait the volatility of policy on the other side.&#8221;
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He believes that when China sees inconsistency in U.S. trade policy, it disengages. &#8220;They lean back and they don&#8217;t like to engage,&#8221; he said. &#8220;So that&#8217;s why consistency, respect, but yes, firmness is important.&#8221;
<h2 class="wp-block-heading">The Risk of Going It Alone</h2>
As Florida Republican Sen. Rick Scott (R-FL) pushes for Chinese companies to be <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">delisted from U.S. exchanges</a>, Gensler acknowledged previous bipartisan efforts to get China to follow U.S. market rules. But he warned against the current administration&#8217;s approach of pushing sweeping trade changes with many countries at once.
&#8220;Trying to do it with 150 or 200 countries and doing it so aggressively and so jarringly at one time is like a home field goal, a self-inflicted injury,&#8221; he said. &#8220;Allies are deeply important, but it&#8217;s not going to be that easy.&#8221;
He added that uncertainty is already making businesses cautious. &#8220;They&#8217;re pulling back. They have to be much more careful about their investments.&#8221;
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Concern Over Insider Trading in Government</h2>
When asked by CNBC&#8217;s Andrew Ross Sorkin about allegations of insider trading among government officials, including reports about Rep. Marjorie Taylor Greene (R-GA) <a href="https://www.benzinga.com/markets/25/04/44806734/marjorie-taylor-greene-made-large-stock-purchases-ahead-of-trumps-90-day-tariff-pause-hakeem-jeffries-calls-it-problematic">buying and selling assets</a> just before major tariff announcements, Gensler didn't name names but said the situation damages trust.
&#8220;I think it&#8217;s really critical that folks don&#8217;t trade on inside information, particularly those in Congress or the executive branch or the judiciary.&#8221;
He called for Congress to take a serious look at restricting members from trading individual stocks, noting that the SEC under his leadership had self-imposed such restrictions.
Gensler said that the SEC is now 20% smaller than it was in 2016, which makes it harder to police markets effectively.
&#8220;When you have that cop on the beat, markets work best,&#8221; he told CNBC. &#8220;Just like the highways, we do need traffic lights and we do need cops.&#8221;
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<h2 class="wp-block-heading">Skeptical of Most Crypto Tokens</h2>
Gensler remained <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44860392/ex-sec-chair-gary-gensler-says-bitcoin-driven-by-sentiment-not-fundamentals">wary of the crypto market</a>, drawing a distinction between Bitcoin and the thousands of other tokens.
&#8220;This field is almost 99 or maybe one might say 100% sentiment and very little on fundamentals. Bitcoin may persist,&#8221; he told CNBC, comparing it to gold. But the other tokens? &#8220;Generally, those don&#8217;t end up well, and most then go down.&#8221;
<h2 class="wp-block-heading">Private Credit May Face Real Test</h2>
Finally, Gensler said the growing <a href="https://www.benzinga.com/money/investing-in-private-credit">private credit market</a> is a positive feature of U.S. finance, but not without risk.
&#8220;If we&#8217;re moving into that recession,&#8221; he said, &#8220;private credit will be tested in a way it hasn&#8217;t been tested recently.&#8221;
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'It's Not Going To End Well'—Former SEC Chair Gensler Says Chinese Are 'Tough Negotiators' Who Believe They Can Outwait US Policy Volatility

U.S. stock futures are up on Wednesday night following back-to-back rallies in the regular session. This comes amid President Donald Trump <a href="https://www.benzinga.com/government/regulations/25/04/44968199/us-listed-china-stocks-surge-as-trump-hints-at-tariff-cuts-and-softening-trade-tensions" target="_blank" rel="noopener">softening</a><a href="https://www.benzinga.com/government/regulations/25/04/44968199/us-listed-china-stocks-surge-as-trump-hints-at-tariff-cuts-and-softening-trade-tensions"> his stance</a> on the tariffs earlier this week.
The S&amp;P 500 Futures are up 0.19%, at 5,412, Nasdaq Futures are at 18,839, up 0.19%, and Dow Futures are flat at the time of writing this, down 0.05%, trading at 39,757. The Nasdaq ended the regular session up by 2%, with the S&amp;P 500 and the Dow up by 1.6%, and 1%, respectively.
See More: <a href="https://www.benzinga.com/government/regulations/25/04/44968199/us-listed-china-stocks-surge-as-trump-hints-at-tariff-cuts-and-softening-trade-tensions">US-Listed China Stocks Surge As Trump Hints At Tariff Cuts and Softening Trade Tensions</a>
Japan&#8217;s Nikkei 225 index opened higher on Thursday, up 0.81% or 280 points, trading at 35,152 at the time of writing this. The benchmark&#8217;s extended rally this week is being led by tech, insurance, and export-linked stocks.
Despite recovering from its three-year low early this week, the U.S. Dollar Index (DXY) remains under pressure, trading at 99.67, down 0.17%. 
On Thursday, investors will be looking forward to the earnings of major large-cap stocks such as Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), and PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), among several others. Investors will also be closely watching the Initial Jobless Claims Report coming early in the day.
Photo Courtesy: JOURNEY STUDIO7 On Shutterstock.com
Read More: <a href="https://www.benzinga.com/news/global/25/04/44968188/auto-stocks-see-brief-spike-in-after-hours-trading-wednesday-as-trump-plans-to-ease-tariffs-on-automakers">Auto Stocks See Brief Spike In After-Hours Trading Wednesday As Trump Plans To Ease Tariffs On Automakers</a>

CMCSA

TMUS

Trump Softens On Tariffs — Stock Futures Rise, Nikkei Opens Higher, Dollar Still Under Pressure

On Wednesday, Cathie Wood-led Ark Invest increased its exposure to NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). These trades come amid ongoing challenges in the semiconductor industry, particularly with U.S. sanctions affecting chip sales to China.
The Nvidia Trade saw Ark Invest&#8217;s ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) acquiring 4,731 shares of NVIDIA. The stock closed at $102.71, marking a 3.86% increase from the previous day. The total value of this trade amounted to approximately $485,921.This purchase reflects Ark&#8217;s confidence in NVIDIA&#8217;s potential, even as Chinese tech giants like Alibaba and Tencent <a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions">stockpile NVIDIA&#8217;s AI chips</a> due to U.S. sanctions. These chips, specifically the H20 models, were designed to meet U.S. regulatory requirements, yet the looming threat of shipment restrictions has led to a surge in demand from Chinese companies.
The AMD Trade involved Ark&#8217;s ARKQ ETF purchasing 1,808 shares of Advanced Micro Devices. AMD&#8217;s stock saw a 4.79% rise, closing at $90.39. This acquisition, valued at around $163,425, comes as Ark continues to bolster its position in the semiconductor sector. On Tuesday, Ark had <a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus">scooped up AMD shares</a> worth $2.14 million while picking Nvidia stock worth $1.09 million. Both these companies face U.S. export restrictions targeting China.
Other Key Trades:
<ul>
<li>Sold 182 Microsoft (MSFT) shares through ARKW</li>
<li>Sold 40,015 shares of UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) from ARKF ETF and 8,273 shares through ARKW.</li>
<li>Bought 104,048 shares of Nurix Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) through ARKG.</li>
<li>Sold 147,820 shares of Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) in ARKG ETF.</li>
<li>Purchased 80,661 shares of 10X Genomics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) via ARKG ETF.</li>
</ul>
Benzinga Edge Stock Rankings show AMD has a Momentum in the 12th percentile and Growth in the 66th percentile. Wondering how Nvidia is placed? <a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus">Click here</a> for the full picture.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/25/04/44940763/ark-invests-bold-moves-nvidia-amd-airbnb-and-microsoft-in-focus"><img loading="lazy" decoding="async" width="792" height="107" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09.png" alt="" class="wp-image-885449" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09.png 792w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23211526/Screenshot-2025-04-24-at-10.15.09-768x104.png 768w" sizes="(max-width: 792px) 100vw, 792px" /></a></figure>
Photo Courtesy: T. Schneider on Shutterstock.com
Read Next: <a href="https://benzinga.com/25/04/44942774/elon-musk-slams-tesla-protesters-says-they-benefited-from-government-waste-and-fraud-he-believes-to-have-cut-via-" target="_blank" rel="noreferrer noopener">​</a>
<ul>
<li><a href="https://benzinga.com/25/04/44942774/elon-musk-slams-tesla-protesters-says-they-benefited-from-government-waste-and-fraud-he-believes-to-have-cut-via-" target="_blank" rel="noreferrer noopener">Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government &#8216;Waste And Fraud&#8217; He Cut Using DOGE: &#8216;They&#8217;re The Recipients Of Wasteful Largesse​&#8217;</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>

ETFs

ADPT

ARKQ

NRIX

PATH

Cathie Wood Buys More NVIDIA And AMD Stock As Chinese Tech Giants Stockpile Chips Amid Looming US Export Curbs

In his final letter as Amazon.com's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO, Jeff Bezos left more than business advice — he delivered a message that speaks to anyone fighting to stay authentic in a world built for conformity.
What Happened: Bezos, who <a href="https://www.benzinga.com/news/21/07/21849808/jeff-bezos-is-officially-no-longer-the-amazon-ceo">stepped down as Amazon's CEO</a> in 2021 after founding the company nearly three decades earlier, used his final annual shareholder letter to share a powerful parting thought.
Drawing inspiration from evolutionary biologist Richard Dawkins, he explained that survival — in biology, business, and life — requires active resistance against becoming "normal."
Quoting Dawkins&#8217; The Blind Watchmaker, Bezos highlighted the effort living things must exert to remain distinct from their environments.
See Also: <a href="https://www.benzinga.com/tech/25/04/44804849/amazon-founder-jeff-bezos-once-made-his-grandmother-cry-trying-to-show-off-his-math-skills-that-day-his-grandfather-gave-him-a-life-changing-piece-of-wisdom">Amazon Founder Jeff Bezos Once Made His Grandmother Cry Trying To Show Off His Math Skills — That Day, His Grandfather Gave Him A Life-Changing Piece Of Wisdom</a>
"If living things didn't work actively to prevent it, they would eventually merge into their surroundings and cease to exist as autonomous beings," the passage read.
Bezos turned that biological insight into a broader metaphor: "The world wants you to be typical — in a thousand ways, it pulls at you. Don't let it happen," he wrote. "You have to pay a price for your distinctiveness, and it's worth it."
Why It's Important: Although Bezos stepped down as CEO in 2021, he has returned to a prominent role at Amazon, now dedicating 95% of his time to advancing its artificial intelligence initiatives.
In December 2024, at the DealBook Summit, Bezos revealed this development, saying, "My heart is in Amazon, my curiosity is in Amazon, and my fears are there, and my love is there."
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.
Bezos currently has a net worth of $202 billion, <a href="https://www.bloomberg.com/billionaires/">according</a> to Bloomberg&#8217;s Billionaire Index. He started Amazon at the age of 30, and today his company has a market capitalization of $1.9 trillion, making it one of the eight companies that have crossed the trillion-dollar mark.
Amazon currently holds a consensus price target of $251.98, based on evaluations from 45 analysts. Recent projections from Stifel, Telsey Advisory Group, and Goldman Sachs average $234.33, indicating a potential upside of 29.54%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
According to <a href="https://www.benzinga.com/quote/AMZN">Benzinga's proprietary Edge Rankings</a>, Amazon has a momentum score of 43.90% and a growth score of 94.14%. For deeper insights into stock trends and growth opportunities, you might want to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">explore a subscription to Benzinga Edge</a>.
Bezos also owns the <a href="https://www.benzinga.com/general/space/24/09/40697380/bezos-vs-musk-battle-heads-to-space-how-amazon-founder-is-taking-tesla-ceo-on-more-directly">space exploration company</a> and Elon Musk-led SpaceX rival Blue Origin. The space company Bezos founded in 2000 has never publicly revealed its valuation.
However, Bezos stated last year that he believes Blue Origin will eventually surpass Amazon in size. "I think it's going to be the best business that I've ever been involved in, but it's going to take a while," Bezos stated at the New York Times' DealBook Summit.
In August 2013, he purchased The Washington Post for <a href="https://www.benzinga.com/news/25/03/44371691/trump-praises-jeff-bezos-recent-moves-with-washington-post-hes-trying-to-do-a-real-job">$250 million</a>, committed $2 billion toward social initiatives in 2018, and pledged $10 billion in February 2020 to combat climate change.
Photo Courtesy: Lev Radin 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:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/05/38955435/jeff-bezos-reveals-how-customer-feedback-led-to-amazons-sell-everything-strategy-i-wish-you-sold-win" target="_blank" rel="noreferrer noopener">Jeff Bezos Reveals How Customer Feedback Led To Amazon's ‘Sell Everything' Strategy: ‘I Wish You Sold Windshield Wiper Blades…'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

Jeff Bezos' Final CEO Letter Isn't Just About Amazon — It Is A Clarion Call For Resisting Normality: 'The World Wants You To Be Typical…Don't Let It Happen'

Retirement. It's one of those things everyone knows they should be planning for. But it's also one of those things that's easy to push off—until suddenly you're staring down 70 and wondering where the time and the money went.
That's exactly where one caller found himself in when he phoned into "The Ramsey Show" and laid it all out. In a <a href="https://www.facebook.com/daveramsey/videos/889543906069188/?mibextid=rS40aB7S9Ucbxw6v">video posted to Facebook</a>, 65-year-old Rick wanted to know if he could retire comfortably at 72. But the math wasn't exactly on his side.
"I'm 65 years old, and I'm wondering if I'll be okay to retire in seven years," Rick said, kicking off a conversation that quickly turned into a financial intervention.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
He told Dave Ramsey he had $110,000 in his 401(k) and just $5,000 in his emergency fund. On the debt side, things were heavier: he still owed $136,000 on his house, $30,000 on his truck, and—surprise—$22,000 on solar panels he thought he bought "outright." Ramsey corrected that last part, noting it was actually a solar loan. And to make things tighter, Rick was still paying $10,000 a year in alimony, though that would be ending soon.
His income? A solid $100,000 a year.
"You don't have any money," Ramsey told him. "You're $500,000 or $600,000 behind—I would get more radical."
That radical plan started with one major priority: wiping out the $52,000 in consumer debt—fast.
"What I would do if I were in your shoes is I would get those two debts paid off immediately," Ramsey said. "It's an emergency."
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Ramsey told him to <a href="https://www.benzinga.com/personal-finance/24/12/42726864/dave-ramsey-thinks-social-security-is-a-mathematical-disaster-but-still-says-it-makes-more-sense-to-take-it-at-62-almost-every-time">stop contributing to his 401(k) temporarily</a> and focus completely on paying off the truck and solar loan within 12 months. And yes, that meant extreme budgeting. "Beans and rice, rice and beans," Ramsey said. "You have no life until you get that done."
He even suggested Rick <a href="https://www.benzinga.com/personal-finance/25/04/44752907/dave-ramsey-says-if-you-want-to-know-what-driving-a-new-car-really-costs-open-your-car-window-once-a-week-and-toss-out-a-100-bill">ditch the truck altogether</a> if necessary. "That is job one, or sell the stupid truck—one of the two." Rick pushed back, saying it was his only vehicle and selling it wasn't an option. But Ramsey wasn't having it. He told him, "You don't need a $30,000 truck." That's when Rick clarified, "Actually, it's a $60,000 truck—I only owe $30,000." Ramsey didn't flinch. He said if that's the case, Rick could sell it and get a $30,000 truck—or even a $10,000 one instead.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Once debt-free, Ramsey laid out the next phase: keep living frugally, get the house paid off in three years, and then start investing again. He recommended contributing 15% of income into retirement accounts and "loading up good mutual funds."
By 72, if Rick followed the plan, Ramsey estimated he'd have $400,000 to $500,000 saved—and a paid-off home. Not exactly yacht money, but a far cry from where he was headed if he did nothing.
Moral of the story? Procrastination is expensive. But with seven years, a six-figure income, and some serious belt-tightening, <a href="https://www.benzinga.com/money/smartasset">retirement isn't off the table</a>. Just don't wait until 65 to start thinking about it, unless you want to live on "beans and rice" as Ramsey would suggest.&nbsp;
Read Next:
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
Image: Shutterstock

Personal Finance

65-Year-Old With $110K Saved Asks If He Can Retire in 7 Years — Dave Ramsey Says 'You Have No Money' and Tells Him to Stop 401(k) Contributions

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) has outperformed the market over the past 10 years by 21.59% on an annualized basis producing an average annual return of 31.33%. Currently, MercadoLibre has a market capitalization of $108.49 billion. 
Buying $100 In MELI: If an investor had bought $100 of MELI stock 10 years ago, it would be worth $1,563.70 today based on a price of $2139.92 for MELI at the time of writing.
<h3>MercadoLibre's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745450118_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MELI

$100 Invested In MercadoLibre 10 Years Ago Would Be Worth This Much Today

It might sound like science fiction, but JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon says younger generations will soon live to 120.&nbsp;
In an interview with Maria Bartiromo on <a href="https://www.foxbusiness.com/media/jamie-dimon-warns-recession-now-a-likely-outcome-us-economy">Fox News</a>, Dimon laid out an unexpectedly hopeful forecast for Gen Z and Gen Alpha, citing massive technological progress, inheritance windfalls, and a shorter workweek made possible by artificial intelligence.&nbsp;
<h2 class="wp-block-heading">$124 Trillion May Be Coming Their Way</h2>
Dimon pointed to what he calls one of the biggest opportunities in history: the Great Wealth Transfer. According to <a href="https://www.cerulli.com/reports/us-high-net-worth-and-ultra-high-net-worth-markets-2024">Cerulli Associates&#8217; 2024 report </a>on the U.S. high-net-worth and ultra-high-net-worth markets, approximately $124 trillion in wealth is projected to transfer through 2048.&nbsp;
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
Still, a Feb. 16–March 1, 2024 survey by <a href="https://www.citizensbank.com/learning/great-wealth-transfer-survey.aspx">Citizens Bank </a>found that only 41% of Gen Z respondents expect to receive any inheritance within the next five years, highlighting that the gains may not be widespread.
Despite that, the sheer size of this transfer could dramatically alter the financial future for many Americans in their 20s and 30s.
<h2 class="wp-block-heading">AI Could Reshape Life And Work</h2>
During a 2023 appearance on <a href="https://www.bloomberg.com/news/articles/2023-10-02/dimon-sees-ai-giving-a-3-1-2-day-workweek-to-the-next-generation">Bloomberg TV</a>, Dimon predicted artificial intelligence could extend human life spans well into the triple digits. "They're probably going to live to 120," he said of Gen Z, adding that AI will likely "cure some cancers."
Dimon also suggested the five-day workweek may become a thing of the past. With widespread AI integration in industries including finance and healthcare, future workers might only clock in 3.5 days a week, Dimon said.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
In fact, JPMorgan Chase has already begun using AI to boost efficiency across operations—its engineers have reported productivity gains of up to 20% thanks to an in-house coding assistant, according to <a href="https://www.reuters.com/technology/artificial-intelligence/jpmorgan-engineers-efficiency-jumps-much-20-using-coding-assistant-2025-03-13/">Reuters</a>.
<h2 class="wp-block-heading">Gen Z Is Making Lifestyle Trade-Offs</h2>
While Dimon's outlook is rosy, many Gen Z adults are still grappling with today's financial hurdles.&nbsp;
According to the <a href="https://rochsociety.com/gen-z-dog-ownership-statistics/">Rochester Society</a>, rising living costs have prompted many to postpone homeownership and opt for pets instead of kids, with average pet expenses reaching $178 a month per household.
They're also turning down job offers due to high commuting costs and depending on possible inheritance for long-term planning. That said, these short-term tradeoffs may fade once the generational wealth shift takes hold.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
<h2 class="wp-block-heading">Dimon's Advice Get Off TikTok, Start Reading</h2>
Dimon's success—<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000019617/000001961725000056/jpm-20250121.htm">he made $39 million</a> in total compensation in 2024—didn't come without old-school habits.&nbsp;
Speaking in the same interview, he said, "If you don't take care of your mind, your body, your spirit, your soul, your friends, your family, you're not going to have a great life."
He's repeatedly encouraged young people to ditch social media like TikTok and Facebook, calling them "a total stupid waste of time," according to <a href="https://www.businessinsider.com/jamie-dimon-tiktok-facebook-total-stupid-waste-of-time-2024-9">Business Insider</a>. Instead, Dimon urged younger generations to learn from everybody, regardless of political ideology, and to keep reading and growing.&nbsp;
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
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Image: Shutterstock

'They're Probably Going To Live To 120' – JPMorgan's Jamie Dimon Says Gen Z Should Stop Worrying And Start Building A Better Future

Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) has outperformed the market over the past 20 years by 10.33% on an annualized basis producing an average annual return of 18.26%. Currently, Amphenol has a market capitalization of $86.17 billion. 
Buying $1000 In APH: If an investor had bought $1000 of APH stock 20 years ago, it would be worth $28,864.10 today based on a price of $71.15 for APH at the time of writing.
<h3>Amphenol's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745449233_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Amphenol 20 Years Ago Would Be Worth Today

Amentum Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTM#NYSE">AMTM</a>) shares gained <a target="_blank" href="https://www.benzinga.com/topic/why-its-moving" rel="noreferrer noopener">on Wednesday</a>. The company disclosed that it reached a definitive deal to sell its Rapid Solutions hardware and product business to Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) for a cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44946385/amentum-announces-agreement-to-divest-its-rapid-solutions-product-business-for-360-million" rel="noreferrer noopener">transaction valued at $360 million</a>.
The company&#8217;s Rapid Solutions business specializes in ISR, advanced communications, and tactical systems aimed at critical national security challenges.
As part of the deal, roughly 230 Rapid Solutions employees will move to Lockheed Martin.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44423418/amentum-faces-growth-slump-as-government-cuts-spending-analyst-expects-merger-to-boost-margins" rel="noreferrer noopener">Amentum Faces Growth Slump As Government Cuts Spending, Analyst Expects Merger To Boost Margins</a>
The transaction is projected to close in the second half of 2025 and is expected to result in around $325 million in <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">after-tax proceeds for Amentum</a>.
Adam Harrison, Senior Vice President of Strategy and Corporate Development, said, &#8220;The divestiture of Rapid Solutions sharpens Amentum&#8217;s focus on mission critical services and reinforces our position as a global pure-play provider of advanced engineering and technology-enabled solutions.&#8221;&nbsp;
As of March 31, Lockheed Martin had cash and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44918859/lockheed-martin-reports-first-quarter-2025-financial-results" rel="noreferrer noopener">cash equivalent of $1.80 billion</a>.
Amentum plans to release results for the second quarter of <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the FY25 on May 7, 2025</a>.
Last week, Amentum won a $247.6 million contract from the U.S. Department of Defense (DOD)&nbsp;Air Combat Command (ACC),&nbsp;Acquisition Management and Integration Center (AMIC),&nbsp;Counternarcotics and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44787142/amentum-secures-247-million-global-counter-threat-finance-contract" rel="noreferrer noopener">Global Threats (CN&amp;GT)&nbsp;Division</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: AMTM shares closed higher by 3.13% to $19.75 on Wednesday.
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Amentum Offloads Hardware Unit To Focus On Critical Services, Inks $360 Million Deal With Lockheed Martin

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