Assembly Biosciences Azioni (NASDAQ: ASMB)

Ultime notizie per Assembly Biosciences (NASDAQ:ASMB) Azioni

Assembly Biosciences

Assembly Biosciences Inc is a clinical-stage biotechnology company. It is advancing two platform programs, a novel class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutics, which are designed to restore health to a dysbiotic microbiome. The company's HBV-cure program is aimed at increasing the current low cure rate for patients with HBV and is pursuing multiple drug candidates that inhibit multiple steps of the HBV lifecycle. Assembly has discovered several novel core protein Allosteric Modulators, which are small molecules that directly target and allosterically modulate the HBV core protein. The majority of the revenue is generated from the HBV cure program.

Assembly Biosciences, Inc. - Common Stock

Assembly Biosciences Inc

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk believes Tesla owners would be able to add their vehicles to the company's fleet of self-driving cars, as he says no to any potential deal with Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
What Happened: "We have millions of cars that will be able to operate autonomously. And I should say that it&#8217;s a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet," Musk said in an <a href="https://www.cnbc.com/video/2025/05/20/tesla-ceo-elon-musk-theres-no-need-for-tesla-to-buy-uber.html">interview</a> with CNBC's David Faber.
Musk believes that it could be a mix of Uber and Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), where Tesla owners could add their cars to the autonomous fleet and earn money.
"Tesla has all the ingredients necessary to offer a vast self-driving fleet, overnight," Musk said in the interview, reiterating the company's FSD technology's capabilities.
Why It Matters: The interview and Musk's comments outlined the billionaire's vision for the company's future, which focuses heavily on FSD and autonomous driving.
Musk also shared that next month's <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">Robotaxi launch in Austin</a> is going ahead as planned and could be ramped up to over 1,000 vehicles within the next few months and hundreds of thousands by the end of next year, "if not a million," he said.
Elsewhere, Uber CEO Dara Khosrowshahi <a href="https://www.benzinga.com/25/05/45467794/uber-ceo-dara-khosrowshahi-says-he-isnt-worried-about-teslas-robotaxis-transportation-is-a-trillion-plus-dollar-industry">brushed off any concerns </a>about Tesla&#8217;s autonomous driving capabilities. &#8220;You could argue that rideshare is going to finally beat personal car ownership in a world where you've got robots driving all over the place,&#8221; he said, and suggested there wasn&#8217;t a single big winner.
<a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">Tesla's stock surged </a>over 3.54% as Musk reaffirmed his commitment to Tesla and pledged to remain CEO for the next five years. New insured registration data from China also indicates <a href="https://www.benzinga.com/25/05/45513708/tesla-new-vehicle-registrations-surge-in-china-gary-black-says-it-should-provide-investors-some-relief">an uptick in sales </a>for the EV giant, which was at 11,130 registrations for the week of 12-18 May 2025, a stark increase from a little over 3,000 registrations the week prior.
Price Action: TSLA gained 0.51% at close and currently trades for $343.82, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/05/45512512/tesla-robotaxi-rival-waymo-announces-california-expansion-as-autonomous-taxi-race-heats-up">Tesla Robotaxi Rival Waymo Announces California Expansion As Autonomous Taxi Race Heats Up</a></li>
</ul>
Photo courtesy: Shutterstock

News

Tech

ABNB

TSLA

UBER

Elon Musk Brushes Off Potential Tesla-Uber Deal, Believes Owners Could Add Their Cars To EV Giant's Autonomous Fleet Instead

Guidance

Wix Projects Q2 Revenue Growth Of 11–12%, Forecasting $485M–$489M Vs. $490.53M Est.

Increase to Share Repurchase Program
Wix's Board of Directors has authorized an increase to its program to repurchase the Company's securities (ordinary shares and/or convertible notes) by an additional amount of up to $200 million, on top of the $200 million previously approved by the Board on February 26th, 2025 (which has not been used to date). This approval brings the repurchase authorization under the program to a total amount of up to $400 million.

Buybacks

Wix Board Approves Additional $200M For Share And Convertible Note Buybacks, Bringing Total Authorization To $400M

Financial Outlook
Healthy first quarter results demonstrate impactful product innovation and disciplined execution of our key growth initiatives, including Studio, AI and our focus empowering Self Creators. Notably, new cohort strength remains robust through April and early May against a dynamic macro backdrop. We expect new cohort strength to continue and drive top-line growth acceleration in 2H as additional cohorts layer on throughout the year.
While we are encouraged by our strong Q1 results and robust top of funnel, we are maintaining full year bookings outlook of $2,025 - 2,060 million, up 11-13% y/y. This reflects conservatism due to macro uncertainty, specifically in our Business Solutions segment, with potential volatility offset by fully dissipating FX headwinds.
With these same considerations, we are also maintaining our full year revenue outlook of $1,970 - 2,000 million, up 12-14% y/y.
We expect total revenue in Q2 2025 to be $485 - 489 million, up 11-12% y/y.
For the full year 2025, we continue to expect non-GAAP total gross margin of ~70% and non-GAAP operating expenses to be 47-48% of revenue for the full year.
We continue to expect to generate free cash flow of $590 - 610 million, or ~30-31% of revenue.
As a result, we remain on track to achieve Rule of 45 in 2025 at the high end of our outlook.

Earnings

Wix Maintains FY25 Revenue Outlook Of $1.97B–$2.00B Vs. $2.02B Est. And Bookings Of $2.025B–$2.06B, Expects Top-Line Acceleration In 2H On Cohort Growth

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon, who correctly flagged trouble before the 2008 Lehman Brothers collapse, is now cautioning that Wall Street&#8217;s expectations for S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) earnings growth could plummet from 12% to 0% as tariff impacts ripple through the economy.
What Happened: &#8220;I think earnings estimates will come down, which means PE [Price-to-Earnings&nbsp;ratio] will come down,&#8221; Dimon said at the bank&#8217;s annual investor day, suggesting equity valuations face downward pressure. He described current asset prices as &#8220;kind of high&#8221; while credit spreads remain &#8220;kind of low.&#8221;
Hedge fund manager Dan Niles highlighted Dimon&#8217;s track record on X, noting, &#8220;Dimon warned of an economic &#8216;hurricane&#8217; in June of 2022 before the banking crisis in March of 2023.&#8221; Niles emphasized JPMorgan&#8217;s unique perspective, writing, &#8220;With $4.4 trillion in assets, JPM has more granular data on the health of the U.S. economy than almost anyone.&#8221;
&#8220;I continue to believe that the holidays will be a much rougher time for markets,&#8221; Niles wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday, <a href="https://twitter.com/search?q=%24JPM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JPM</a> CEO Jamie Dimon said he believes Wall Street estimates for S&amp;P earnings growth will go to 0% from 12% to start the year as the impact of tariffs work through the economy "which means PE will come down." He also said asset prices are "kind of high" and credit…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1924902062283784681?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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See Next: <a href="https://www.benzinga.com/25/05/45534527/china-warns-of-legal-retaliation-against-us-chip-sanctions-threatens-lawsuits-for-aiding-discriminatory-tech-crackdown">China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding &#8216;Discriminatory&#8217; Tech Crackdown</a>
Why It Matters: Dimon&#8217;s concerns extend beyond earnings, as he warned of &#8220;huge deficits&#8221; and &#8220;almost complacent central banks.&#8221; He believes markets display &#8220;an extraordinary amount of complacency&#8221; despite <a href="https://www.benzinga.com/news/management/25/05/45508514/jpmorgan-ceo-jamie-dimon-warns-huge-deficits-complacent-central-banks-could-lead-to-stagflation">mounting risks from tariffs and geopolitical tensions</a>, putting the odds of stagflation at &#8220;roughly double&#8221; what markets anticipate.
Despite these warnings, Goldman Sachs recently raised its S&amp;P 500 12-month target to 6,500 while reducing recession odds to 35%, citing the Trump administration&#8217;s decision to <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45379707/sp-500-to-6500-goldman-sachs-trims-recession-odds-as-trump-backs-off-on-tariffs">pause retaliatory tariffs for 90 days</a>.
JPMorgan&#8217;s chief global strategist, David Kelly, maintains the U.S. economy will likely avoid recession but expects slower growth due to tariffs and other economic factors <a href="https://www.benzinga.com/markets/25/05/45485111/jpmorgan-chase-us-economy-likely-to-skirt-recession-forecasts-sluggish-growth">potentially squeezing consumer spending</a>.
Since taking the helm in 2005, Dimon has led JPMorgan to a total return of 1,012%, including dividends, surpassing the S&amp;P 500's 596% gain and even outpacing the Nasdaq's 971% rise.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45534622/sergey-brin-comes-out-of-retirement-to-work-on-gemini-admits-he-made-a-lot-of-mistakes-with-google-glass-as-the-tech-giant-ramps-up-efforts-to-compete-with-meta-and-apple">Sergey Brin Comes Out Of Retirement To Work On Gemini, Admits He Made A &#8216;Lot Of Mistakes&#8217; With Google Glass As Alphabet Ramps Up To Compete With Meta And Apple</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: lev radin / Shutterstock.com

Equities

Economics

Markets

Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&P Earnings Could Fall To 0%: 'Rougher Time For Markets,' Says Dan Niles

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For April -115.8B Vs. 227.1B Est.; 559.4B Prior

Reported Earlier, Japan Exports (YoY) For April 2.0% Vs. 2.0% Est.; 4.0% (Revised) Prior

Reported Earlier, Japan Adjusted Trade Balance -0.41T Vs. -0.24T Est.; -0.29T (Revised) Prior

Panama has introduced legislation that would allow citizens to freely buy, sell, and accept Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) nationwide, marking another significant step in the global adoption of cryptocurrencies.
What Happened: The bill follows Panama City Council&#8217;s recent move to accept Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and stablecoins like USD Coin and Tether for taxes, fines, and fees, according to Bitcoin historian Pete Rizzo, who broke the news Monday on X.
This legislative push comes amid accelerating cryptocurrency adoption worldwide, fueled partially by U.S. President Donald Trump&#8216;s pro-crypto policies implemented since taking office in January.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: PANAMA INTRODUCES BILL TO ALLOW CITIZENS TO BUY, SELL, AND ACCEPT <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> FREELY ANYWHERE IN THE COUNTRY BTC ADOPTION IS SWEEPING THE GLOBE. LET&#39;S GO &#x1f680; <a href="https://t.co/XHJlL19XOo">pic.twitter.com/XHJlL19XOo</a>
&mdash; The Bitcoin Historian (@pete_rizzo_) <a href="https://twitter.com/pete_rizzo_/status/1924484730562474242?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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Panama City&#8217;s earlier cryptocurrency initiative, spearheaded by Councilman Mayer Mizrachi, implemented a practical workaround for accepting digital <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44843430/panama-city-council-now-accepts-bitcoin-ethereum-for-taxes-fines-fees">assets without requiring new legislation</a>. &#8220;Legally, public institutions must receive funds in dollars, so we partnered with a bank who will receive the crypto and convert it on the spot to USD,&#8221; Mizrachi said.
See Also: <a href="https://www.benzinga.com/25/05/45534631/jim-cramer-praises-elon-musk-interview-says-he-likes-the-stock-very-much-internet-reacts-its-over">Jim Cramer Praises Elon Musk Interview, Endorses Tesla—Will His Call Age Well? Internet Says &#8216;It&#8217;s Over&#8217;</a>
Why It Matters: The Trump administration has championed cryptocurrency adoption by establishing a strategic Bitcoin reserve and appointing an AI and crypto czar. These actions have emboldened other nations to explore digital asset integration as Bitcoin recently tapped $107,000, just 2.51% <a href="https://www.benzinga.com/25/05/45534460/bitcoin-taps-107000-again-ethereum-dogecoin-flat-analyst-predicts-next-bullish-breakout-will-power-btc-above-ath">shy of its all-time high</a>.
Market sentiment remains strong despite global economic uncertainties. Galaxy Digital CEO Mike Novogratz recently warned that the U.S. economy is beginning to &#8220;behave more like an emerging market than a developed market,&#8221; citing macroeconomic instability, including <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44845787/as-us-economy-resembles-emerging-market-bitcoin-is-more-mag-8-than-gold-mike-novogratz-says">surging interest rates and tariff shocks</a>.
Meanwhile, cryptocurrency investment continues to accelerate. On-chain analytics firm Santiment reported $6.63 billion in <a href="https://www.benzinga.com/25/05/45534460/bitcoin-taps-107000-again-ethereum-dogecoin-flat-analyst-predicts-next-bullish-breakout-will-power-btc-above-ath">net inflows across Bitcoin ETFs over the past five weeks</a>, calling it &#8220;historically a bullish sign for future price movement.&#8221;
Image Via Shutterstock 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45534527/china-warns-of-legal-retaliation-against-us-chip-sanctions-threatens-lawsuits-for-aiding-discriminatory-tech-crackdown">China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding &#8216;Discriminatory&#8217; Tech Crackdown</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$BTC

$ETH

Panama Moves To Legalize Bitcoin Nationwide As Trump's Pro-Crypto Policies Fuel Global Adoption

Chamath Palihapitiya says the true dividend of college isn't a diploma but "culture."
What Happened: During the latest All-In podcast, the Social Capital founder told co-host David Friedberg, "My son is a rising junior and his entire focus is that he wants to go to an SEC school because of the culture."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Chamath on sending his kids to college: Culture &gt; Credentials<a href="https://twitter.com/friedberg?ref_src=twsrc%5Etfw">@friedberg</a>: &quot;As a parent, I think a lot about, so much of education in America in the middle class, upper class is all about what college, how do you get them there?&quot; &quot;And honestly, lately I&#39;m like, I don&#39;t think… <a href="https://t.co/aR2aXlF8U3">pic.twitter.com/aR2aXlF8U3</a>
&mdash; The All-In Podcast (@theallinpod) <a href="https://twitter.com/theallinpod/status/1924975045379604565?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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Palihapitiya conceded his own mindset has flipped. "Two years ago I would&#8217;ve panicked … and now I&#8217;m like, that&#8217;s actually the best thing you could do," he said, adding that college is where young adults get "socially well-adjusted&#8221; and learn to &#8220;… deal with different kinds of failures." The billionaire framed college less as a career gatekeeper, more as years of structured experimentation.
See also: <a href="https://www.benzinga.com/25/05/45534631/jim-cramer-praises-elon-musk-interview-says-he-likes-the-stock-very-much-internet-reacts-its-over">Jim Cramer Praises Elon Musk Interview, Endorses Tesla—Will His Call Age Well? Internet Says &#8216;It&#8217;s Over&#8217;</a>
Why It Matters: He's hardly alone in down-ranking credentials. Elon Musk has <a href="https://www.benzinga.com/personal-finance/24/04/38319479/elon-musk-thinks-college-is-basically-for-fun-and-to-prove-that-you-can-do-your-chores-says-degr">long argued</a>, "college is basically for fun and to prove that you can do your chores," and calls mandatory degrees "absurd." PayPal co-founder Peter Thiel goes further, paying would-be scholars <a href="https://www.benzinga.com/startups/24/12/42366606/peter-thiel-is-a-stanford-grad-but-thinks-college-is-such-a-waste-that-he-offers-100000-to-students-who-quit-compares-education-to-santa">$100,000 to drop out</a> because he "thinks college is such a waste."
Yet heavyweights still defend the classroom. According to <a href="https://time.com/3908338/bill-gates-college-grads/">an account</a> by TIME, Bill Gates — himself a Harvard dropout — maintains that graduates "are more likely to find a rewarding job, earn higher income, and even … live healthier lives," warning of an 11-million-worker shortfall without more degrees.
The debate lands as U.S. tuition tops $28,000 a year and surveys show half of employers no longer <a href="https://ssti.org/blog/bachelors-degrees-are-no-longer-required-many-jobs">require</a> four-year degrees. The ROI calculus is simple for Palihapitiya: classrooms teach facts, but tailgates teach life.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/05/45534923/elon-musks-xai-plans-3040-billion-gpu-buy-near-memphis-nvidia-set-to-be-the-biggest-winner-says-top-analyst">Elon Musk&#8217;s xAI Plans $30–$40 Billion GPU Buy Near Memphis — Gene Munster Says Its A &#8216;Good Day&#8217; To Be A Nvidia Salesperson</a>

Education

General

Chamath Palihapitiya Says He'd Send His Son To College Only For The Culture, 'The Best Thing You Could Do..'

The odds of the U.S. entering a recession in 2025 have plummeted sharply on prediction platforms, aided by a de-escalation in the U.S.-China trade conflict.
What happened: Wagers in favor of a contract titled "US recession in 2025?" <a href="https://polymarket.com/event/us-recession-in-2025">dropped</a> from a peak of 66% in early April to 39% currently on Polymarket, a Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based platform that allows users to bet using cryptocurrencies.&nbsp;
As of this writing, bookmakers have invested about $5.5 million on the bet. To resolve the outcome to &#8220;Yes,&#8221; the economy must record another quarter of negative growth or the National Bureau of Economic Research must declare a recession before January 1, 2026.
Similarly, recession odds on Kalshi, a federally authorized betting platform, were cut to 38% from 71%. Note that, unlike Kalshi, Polymarket is not <a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan">available to U.S. residents</a> due to regulatory restrictions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After reaching a high of 71% this year, recession odds are now back down to 38% <a href="https://t.co/yESm9K5tyv">pic.twitter.com/yESm9K5tyv</a>
&mdash; Kalshi (@Kalshi) <a href="https://twitter.com/Kalshi/status/1924890643811205373?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45511186/coinbase-says-justice-department-has-launched-probe-into-its-recent-cyberattack">Coinbase Says DOJ Probing Latest Attack On Its Platform, Clarifies Its Not The &#8216;Subject&#8217; Of The Investigation</a>
Why It Matters: Recession odds <a href="http://benzinga.com/markets/cryptocurrency/25/04/44640419/recession-in-2025-crypto-betters-now-see-over-50-probability-after-trumps-sweeping-tariff-rollout">soared</a> following President Donald Trump's so-called "Liberation Day," which placed sweeping tariffs on trade partners.&nbsp;
The measures sparked a tariff war with China, one of America's biggest trade partners, with the two countries engaging in a tit-for-tat battle for weeks.
However, things eased after the two economic giants announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">trade deal</a> in Geneva following high-level talks earlier this month.
These odds were consistent with JPMorgan Chase&#8217;s <a href="https://www.benzinga.com/markets/25/05/45485111/jpmorgan-chase-us-economy-likely-to-skirt-recession-forecasts-sluggish-growth">projection that the U.S. would likely avoid a full-scale recession</a> this year, although a slowdown was on the cards.
Photo Courtesy: Dilok Klaisataporn On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">Want A Tesla Cybertruck? Gemini&#8217;s New Bitcoin Credit Card Could Be Your Ticket</a></li>
</ul>

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

Cryptocurrency

$POL

Recession Odds Slip Below 40% On Crypto Betting Marketplace As Trump Tariff Fears Fade After China Deal

Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) reported quarterly earnings of $1.55 per share which missed the analyst consensus estimate of $1.60 by 3.13 percent. This is a 20.16 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $473.65 million which beat the analyst consensus estimate of $472.86 million by 0.17 percent. This is a 12.83 percent increase over sales of $419.78 million the same period last year.

Earnings Beats

Earnings Misses

Wix.com Q1 Adj. EPS $1.55 Misses $1.60 Estimate, Sales $473.65M Beat $472.86M Estimate

Euronav (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMBT#NYSE">CMBT</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.26 by 19.23 percent. This is a 91.46 percent decrease over earnings of $2.46 per share from the same period last year. The company reported quarterly sales of $235.04 million which missed the analyst consensus estimate of $255.50 million by 8.01 percent. This is a 2.22 percent decrease over sales of $240.38 million the same period last year.

CMBT

Euronav Q1 EPS $0.21 Misses $0.26 Estimate, Sales $235.04M Miss $255.50M Estimate

Flex LNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLNG#NYSE">FLNG</a>) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.49 by 10.2 percent. This is a 22.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $88.44 million which beat the analyst consensus estimate of $87.60 million by 0.96 percent. This is a 1.99 percent decrease over sales of $90.23 million the same period last year.

FLNG

Flex LNG Q1 Adj. EPS $0.54 Beats $0.49 Estimate, Sales $88.44M Beat $87.60M Estimate

On Tuesday, Deepwater Asset Management's managing partner, Gene Munster, noted that Elon Musk's AI enterprise xAI's plans for a massive investment could result in Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as the biggest beneficiary.&nbsp;
What Happened: In a post on X, formerly Twitter, Munster highlighted Musk's revelation on CNBC that his AI company, xAI, plans to deploy 1 million GPUs near Memphis.
The majority of the 1 million GPUs expected to be deployed will come from Nvidia, with a smaller portion supplied by Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), said Munster, adding that the estimated total cost of acquiring these chips could range between $30 billion and $40 billion.
See Also: <a href="https://www.benzinga.com/general/health-care/25/05/45384935/trump-again-promises-lower-drug-prices-by-cutting-out-middlemen-like-unitedhealth-cvs-will-it-work-this-time?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Trump Again Promises Lower Drug Prices By ‘Cutting Out Middlemen' Like UnitedHealth, CVS: Will It Work This Time?</a>
&#8220;If it was done in CY26, it would account for about 15% of the current Street revenue estimate,&#8221; he stated, adding, &#8220;Good day to be an Nvidia salesperson.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good day to be an Nvidia salesperson. Musk tells CNBC xAI will be implementing 1 million GPUs outside of Memphis (most of which will be Nvidia and some AMD). That&#39;s basically a $30-40B ticket to <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, or if it was done in CY26, it would account for about 15% of the current…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1924928826645123547?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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Why It's Important: Nvidia is scheduled to release its first-quarter earnings on May 28 after the market closes. Analysts, as per <a href="https://www.benzinga.com/pro/login">Benzinga Pro</a>, expect the company to post earnings of 89 cents per share on revenue of $43.07 billion.
The stock currently holds a consensus price target of $172.32, based on ratings from 39 analysts. The highest target, $220, was issued by Rosenblatt on Feb. 24, 2025.
Recent updates from BofA Securities, UBS and Seaport Global have set an average price target of $145, indicating a potential upside of 8.21%.
Price Action: Nvidia shares have dropped 0.28% in after-hours trading, currently sitting at $134, according to Benzinga Pro data.
According to Benzinga Edge Stock Rankings, Nvidia holds a robust growth score of 95.02%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading tech companies</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21004844/Screenshot-2025-05-21-at-10.18.39%E2%80%AFAM.png" alt="" class="wp-image-922139" /></a></figure>
Photo Courtesy: Hepha1st0s On Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/25/05/45414265/nvidia-climbs-on-saudi-ai-investments-analyst-estimates-15-billion-to-20-billion-in-revenue">Nvidia Climbs On Saudi AI Investments: Analyst Estimates $15 Billion To $20 Billion In Revenue</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Elon Musk's xAI Plans $30–$40 Billion GPU Buy Near Memphis — Gene Munster Says Its A 'Good Day' To Be A Nvidia Salesperson

Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin led the cryptocurrency gainers on Tuesday, defying the sideways trajectory of blue-chip coins.
What Happened: TRUMP popped over 12%, becoming the top-gaining cryptocurrency over the last 24 hours. The token's trading volume jumped 120% to $1.45 billion, signaling high liquidity and trader interest.
The rally occurred on a day when market heavyweights like 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>) <a href="https://www.benzinga.com/25/05/45534460/bitcoin-taps-107000-again-ethereum-dogecoin-flat-analyst-predicts-next-bullish-breakout-will-power-btc-above-ath">were trapped in their respective ranges</a>.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45511186/coinbase-says-justice-department-has-launched-probe-into-its-recent-cyberattack">Coinbase Says DOJ Probing Latest Attack On Its Platform, Clarifies Its Not The &#8216;Subject&#8217; Of The Investigation</a>
The rise comes just two days before President Donald Trump&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-rep">gala dinner</a> with the top 220 holders of his meme coin. The event has received widespread media coverage, with critics, particularly from the Democratic Party, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45027557/trumps-memecoin-dinner-event-sparks-impeachment-call-from-democratic-senator-says-potus-is-selling-access-to-those-who-enrich-him">accusing Trump of selling access</a> to wealthy and foreign actors invested in his ventures.
The topic reverberated during SEC Chairman Paul Atkins&#8217; congressional hearing on Tuesday. Atkins was asked about the meme coin&#8217;s launch leading up to Trump&#8217;s inauguration, the special dinner, and cryptocurrency mogul Justin Sun, the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-rep">token&#8217;s largest holder</a>.
Atkins reiterated the <a href="https://www.benzinga.com/25/02/44032560/memecoins-like-trump-dogecoin-pepe-not-securities-says-the-sec-but-fraud-related-to-offer-and-sale-subject-to-enforcement">SEC&#8217;s previously clarified position</a> that meme coins should be viewed as collectibles, not securities.
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<iframe loading="lazy" title="SEC Chairman Paul Atkins testifies at House oversight hearing — 5/20/2025" width="500" height="281" src="https://www.youtube.com/embed/tBoWzJQS9Z0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Price Action:&nbsp; At the time of writing, TRUMP was exchanging hands at $14.41, up 12.30% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo Courtesy: Christopher Sciacca on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">Want A Tesla Cybertruck? Gemini&#8217;s New Bitcoin Credit Card Could Be Your Ticket</a></li>
</ul>

Movers

Trading Ideas

$TRUMP

TRUMP

TRUMP Soars 12% Ahead Of Gala Dinner—SEC Chair Paul Atkins Grilled On Memecoin, Justin Sun Link During Congressional Hearing

A recent post on X by Jim Cramer has sparked a flurry of discussions on social media, highlighting the CNBC host&#8217;s polarizing influence on the markets.
What Happened: On Tuesday, Cramer posted on X, congratulating his &#8220;partner&#8221; and fellow CNBC market news analyst, David Faber, following his recent interview with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk.
&#8220;Congratulations to my partner David Faber for his amazing interview with [Elon Musk],&#8221; Cramer wrote, and that would have been the end of it if not for his follow-up remark that ignited a wave of reactions online.
See More: <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">Elon Musk Just Got Grilled On DOGE Spending, Hits Back With &#8216;We&#8217;re Not Kings Here&#8217;</a>
&#8220;I like that stock very much&#8230; (Tesla)&#8221; Cramer added, highlighting his bullish stance on the EV giant, which has experienced significant volatility in recent months.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's over
&mdash; greg (@greg16676935420) <a href="https://twitter.com/greg16676935420/status/1924952917452243001?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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Reactions from X users quickly followed, with greg, a popular influencer on the platform, offering a blunt reply, &#8220;it&#8217;s over,&#8221; while Hexdline quipped, &#8220;It has never been more over for Tesla than it is now.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BREAKING?src=hash&amp;ref_src=twsrc%5Etfw">#BREAKING</a> It has never been more over for Tesla than it is now. Jim Cramer says he likes <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/YRJKSHQe6t">pic.twitter.com/YRJKSHQe6t</a>
&mdash; Hexdline (@HexdlineNews) <a href="https://twitter.com/HexdlineNews/status/1924991109907780037?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
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Others, such as Nova Real Invest, sarcastically praised Cramer's &#8220;golden touch,&#8221; reflecting a rather popular meme in financial circles that his endorsements often precede stock declines, fueled by his mixed track record over the past couple of years.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">OMG, Jim Cramer just blessed <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> Tesla with his golden touch! &#x1f680; He likes the stock &quot;very much&quot;… <a href="https://t.co/4gq9ySB8mM">pic.twitter.com/4gq9ySB8mM</a>
&mdash; NOVA REAL INVEST (@novarealinvest) <a href="https://twitter.com/novarealinvest/status/1925014115870703926?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Cramer&#8217;s picks are renowned for moving in the opposite direction, giving rise <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32017123/john-oliver-joins-inverse-jim-cramer-craze-says-youd-live-50-years-after-cramer-predicts-y">to the popular meme</a> in financial circles and communities online, with even the likes of talk show host John Oliver joining in on the frenzy.
His reputation for market predictions that often miss the mark has become so well-known that it inspired the creation of the Inverse Cramer ETF by Tuttle Capital Management, designed to bet against his recommendations. The fund has since <a href="https://www.benzinga.com/etfs/specialty-etfs/24/01/36793492/exclusive-inverse-cramer-etf-shuts-down-how-the-magnificent-7-stocks-factor-in-and-a-broken-c">been shut down</a>.
Cramer, however, <a href="https://www.benzinga.com/news/22/10/29184870/i-want-you-to-bet-against-me-jim-cramer-calls-out-new-inverse-etf-with-his-42-years-of-success">takes this in good jest</a>, saying, &#8220;As always, I welcome people betting against me. I have done this for 42 years.&#8221;
&#8220;Those who know that you would have been betting against Apple at 5, Google since inception, Meta at $18, Amazon at ten, Nvidia at $25 and AMD at $5. I welcome all comers,&#8221; he said.
Price Action: Shares of Tesla were up 0.51% on Tuesday, trading at $343.82 a share, and are largely flat after hours, trading up by 0.01%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="133" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM-1024x133.png" alt="" class="wp-image-922113" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM-1024x133.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM-768x100.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM-1536x200.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234951/Screenshot-2025-05-21-at-9.19.40-AM.png 1616w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla&#8217;s shares have a favorable price trend in the short, medium, and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> for deeper insights into the stock.
Photo courtesy: katz / Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/25/05/45510862/apple-unwittingly-powered-the-rise-of-huawei-xiaomi-oppo-and-vivo-says-apple-in-china-authorindia-pivot-a-decade-too-late">China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding &#8216;Discriminatory&#8217; Tech Crackdown</a></li>
</ul>

ETFs

Jim Cramer Praises Elon Musk Interview, Endorses Tesla—Will His Call Age Well? Internet Says 'It's Over'

On Tuesday, at Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google I/O 2025, Sergey Brin admitted his past <a href="https://www.benzinga.com/news/23/03/31376205/what-went-wrong-with-google-glass-enterprise-inside-look-at-the-discontinued-ar-project">missteps with Google Glass</a>.
What Happened: During a surprise interview, Brin said that he "made a lot of mistakes with Google Glass," adding that he didn't know much about the consumer electronics supply chains or the difficulties involved in building smart glasses at a reasonable price point, <a href="https://techcrunch.com/2025/05/20/googles-sergey-brin-i-made-a-lot-of-mistakes-with-google-glass/">reported</a> TechCrunch.
Brin then said he is glad that the Sundar Pichai-led company is pursuing the product innovation again with "great partners who are helping us build this."
The Google co-founder also revealed that he's come out of retirement to actively work on Gemini efforts and has been helping the team with multiple projects, including the Veo 3 <a href="https://www.benzinga.com/24/12/42307366/googles-veo-video-generator-arrives-on-cloud-how-quora-and-mondelez-are-using-ai-for-creative-content">video model</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…'</a>
"Anybody who's a computer scientist should not be retired right now," he stated, adding, "They should be working on AI."
Why It's Important: Google is now working with partners like Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Xreal Inc. and has decided to invest up to $150 million in eyewear brand Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>).
Earlier on Tuesday, <a href="https://www.benzinga.com/markets/25/05/45509746/google-i-o-2025-a-big-deal-says-gene-munster-sundar-pichais-alphabet-has-no-choice-but-to-disrupt-itself-before-someone-else-does">at the I/O event</a>, Google and Xreal also unveiled Project Aura — the first eyewear to run Android XR. The Pichai-led company also said that it is partnering with Samsung on a separate smart glasses project and plans to release reference hardware later this year, <a href="https://www.bloomberg.com/news/articles/2025-05-20/xreal-and-google-debut-project-aura-ar-glasses-to-rival-meta-s-orion-glasses?srnd=undefined&amp;sref=9hGJlFio">reported</a> Bloomberg.
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.
Xreal CEO Chi Xu said in an interview that Samsung's device is Google&#8217;s answer to Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro. Similarly, Xreal's Android XR glasses aim to compete with Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar">augmented reality glasses</a>.&nbsp;
Project Aura glasses are expected to launch between late 2025 and early 2026 and will be priced significantly lower than competitors like Meta and Samsung, likely under $600, the report noted, citing Xu.
Price Action: Alphabet Inc.'s Class A shares fell by 1.54% on Tuesday, with Class C shares down 1.52%. Apple shares slipped 0.92%, while Meta declined 0.52% during the same session, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Per Benzinga Edge Stock Rankings, Alphabet has a growth score of 66.81%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other companies</a> like Apple and Meta.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20234830/Screenshot-2025-05-21-at-9.18.24%E2%80%AFAM.png" alt="" class="wp-image-922112" /></a></figure>
Photo Courtesy: Hattanas 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:
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<li><a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>

Media

AAPL

GOOG

GOOGL

SSNLF

WRBY

Sergey Brin Comes Out Of Retirement To Work On Gemini, Admits He Made A 'Lot Of Mistakes' With Google Glass As Alphabet Ramps Up To Compete With Meta And Apple

America's full retirement age (FRA) for claiming 100 percent of Social Security rises to 67 in 2025, capping a four-decade phase-in that permanently trims checks for anyone filing earlier and rewards those who delay until 70.
Workers who understand the new timetable and the penalties for jumping the gun can still lock in higher benefits despite warnings that the system's main trust fund could run short by 2033.
<h3 class="wp-block-heading">Why FRA Hit 67</h3>
The two-year age hike was baked into the Social Security Amendments of 1983, signed by President Ronald Reagan to shore up a program now paying nearly 74 million Americans. Beginning next year, every new retiree born in 1960 or later must reach 67 to collect an unreduced benefit. Those born in 1959 reach their FRA — 66 years, 10 months — in November.
<h3 class="wp-block-heading">The Cost Of Claiming Early</h3>
You can still file at 62, but doing so slashes the monthly check by up to 30 percent. You get lower benefits if you claim before that retirement age. Every month you claim early, you get a reduction. Wait until 70 and delayed-retirement credits lift payments roughly 8 percent a year, pushing the maximum 2025 benefit above $5,100.
See also: <a href="https://www.benzinga.com/25/05/45514426/spain-cracks-down-on-airbnb-asks-to-remove-over-65000-listings-amid-housing-crisis-no-more-excuses-enough-with-protecting-those">Spain Cracks Down On Airbnb, Asks To Remove Over 65,000 Listings Amid Housing Crisis: &#8216;No More Excuses. Enough With Protecting Those&#8230;&#8217;</a>
<h3 class="wp-block-heading">Medicare Still Turns On At 65</h3>
Turning 65 remains pivotal because it opens the Medicare door, a milestone that "is in many ways more important than the full retirement age," says Gal Wettstein of Boston College's Center for Retirement Research <a href="https://www.usatoday.com/story/money/2024/12/18/social-security-2025-retirement-age-benefits/77067663007/">tells</a> USA Today. Retirees who claim Social Security early yet exit the workforce before 65 must budget for private coverage until Medicare starts.
<h3 class="wp-block-heading">Planning Beyond 2025</h3>
Delaying even a few months can recoup thousands over a lifetime, advisors note, and online calculators at SSA.gov let users test break-even ages. Policymakers warn time is short: the OASI trust fund is projected to pay full benefits <a href="https://www.benzinga.com/personal-finance/24/09/40817544/report-warns-of-16-500-annual-social-security-benefit-cut-for-dual-income-couples-by-2033">only through 2033</a>, after which incoming taxes would cover 79 percent, making personal savings and <a href="https://www.benzinga.com/25/05/45298194/interested-in-the-new-super-funding-401k-opportunity-heres-how-to-know-if-you-qualify">401(k) catch-ups</a> more critical.
Read next: <a href="https://www.benzinga.com/tech/25/05/45513883/larry-ellison-once-said-to-be-the-next-steve-jobs-you-need-that-obsessive-compulsive-personality-combined-with-picassos-aesthetic-and-edisons-inventiveness">Larry Ellison Once Said, To Be &#8216;The Next Steve Jobs,&#8217; You Need &#8216;That Obsessive Compulsive Personality&#8217; Combined With &#8216;Picasso&#8217;s Aesthetic and Edison&#8217;s Inventiveness&#8217;</a>

Financial Advisors

Personal Finance

Social Security Full Retirement Age Shift Could See Your Check Chopped By 30% — What Everyone Born In 1960 Or Later Must Know

China has threatened legal action against any individual or organization assisting with or implementing U.S. semiconductor restrictions, escalating tensions in the ongoing tech rivalry between the world&#8217;s two largest economies.
What Happened: China&#8217;s commerce ministry said there could be &#8220;corresponding legal liabilities&#8221; for those involved in U.S. measures it characterized as &#8220;discriminatory restrictive measures&#8221; against Chinese firms, Reuters reported. 
The warning comes after the U.S. published guidance last week cautioning companies against using Ascend AI chips from Huawei Technologies.
The dispute highlights growing friction as both nations compete for dominance in advanced technology. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang recently criticized U.S. chip export controls as &#8220;exactly wrong for America,&#8221; revealing his company wrote off $5.5 billion in inventory and lost <a href="https://www.benzinga.com/25/05/45513246/nvidia-ceo-jensen-huang-says-chinese-ai-researchers-are-world-class-and-us-companies-are-hiring-a-whole-bunch-of-them">approximately $15 billion in sales</a> due to these restrictions.
&#8220;China&#8217;s doing fantastic, 50% of the world&#8217;s AI researchers are Chinese and you&#8217;re not going to hold them back,&#8221; Huang said at Computex 2025, arguing American companies should be allowed to compete in China to &#8220;offset the trade deficit.&#8221;
See Also: <a href="https://www.benzinga.com/general/space/25/05/45532125/l3harris-stock-moves-higher-after-being-named-in-golden-dome-missile-defense-system">L3Harris Stock Moves Higher After Being Named In &#8216;Golden Dome&#8217; Missile Defense System</a>
Why It Matters: The technology standoff has intensified since April, when China imposed retaliatory tariffs up to 125% on U.S.-made chips, while <a href="https://www.benzinga.com/25/04/44770461/intel-on-slump-as-china-hits-us-made-chips-with-tariffs-amd-and-taiwan-semiconductor-rise-on-exemption-boost">exempting Taiwan-manufactured semiconductor</a>s. This policy benefits companies like Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) that outsource to Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), while potentially harming U.S.-based fabricators like Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates recently noted that export bans have <a href="https://www.benzinga.com/news/25/05/45342962/bill-gates-slams-trumps-tariffs-we-told-china-to-make-their-own-chips-and-theyre-making-great-progress-warns-its-a-bad-time-to-inte">only accelerated China&#8217;s self-reliance efforts</a>. &#8220;We made clear to them that they needed to make their own chips, and they&#8217;re making great progress on doing that,&#8221; Gates told CNN.
China&#8217;s ministry urged the U.S. to &#8220;abide by international economic and trade rules&#8221; and respect other countries&#8217; technological development rights.
Image Via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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