DoorDash Option Alert: Mar 20 $320 Calls at the Bid: 500 vs 7 OI; Earnings 8/6 After Close 

DoorDash Option Alert: Mar 20 $320 Calls at the Bid: 500 @ $13.9 vs 7 OI; Earnings 8/6 After Close Ref=$255.74

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DoorDash

Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.

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WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For July 53.6 Vs. 53.5 Est.; 51.7 Prior

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Reported Earlier, China Caixin Services Purchasing Managers Index For July 52.6 Vs. 50.4 Est.; 50.6 Prior

Gov. Greg Abbott (R) on Monday ordered the Texas Department of Public Safety to "locate, arrest and return" Democratic state representatives who left Austin to break quorum and block a mid-cycle congressional map that could hand Republicans five more U.S. House seats in 2026.
What Happened: "Texas House Democrats abandoned their duty to Texans," Abbott said in a statement on Monday. "By fleeing the state, Texas House Democrats are holding hostage critical legislation to aid flood victims and advance property tax relief. There are consequences for dereliction of duty.&#8221;
&#8220;Speaker Dustin Burrows just issued a call of the Texas House and issued warrants to compel members to return to the chamber. To ensure compliance, I ordered the Texas Department of Public Safety to locate, arrest, and return to the House chamber any member who has abandoned their duty to Texans. This order will remain in effect until all missing Democrat House members are accounted for and brought to the Texas Capitol," Abbott added.
More than 50 Democrats flew to Illinois, New York and Massachusetts on Sunday, denying the chamber the two-thirds quorum it needs, <a href="https://www.texastribune.org/2025/08/03/texas-democrats-quorum-break-redistricting-map/">according</a> to the Texas Tribune. They argue the proposed map surgically erases urban and Latino districts to manufacture five GOP pickups.
See Also: <a href="https://www.benzinga.com/news/politics/25/08/46846595/trump-says-india-selling-russian-oil-for-big-profits-in-open-markets-threatens-to-substantially-raise-tariff">Trump Says India Selling Russian Oil For &#8216;Big Profits&#8217; In Open Markets, Threatens To &#8216;Substantially&#8217; Raise Tariff</a>
Burrows later signed civil arrest warrants after invoking a &#8220;call of the House." The warrants work only inside Texas but allow troopers to escort lawmakers to the floor if they cross state lines.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Texans don't run from a fight—they face it head on. These Texas Democrats that fled the state are not serving Texans. They are serving themselves. They forfeited their seats and are facing potential felony charges. <a href="https://t.co/Pe3d50WyVX">pic.twitter.com/Pe3d50WyVX</a>
&mdash; Greg Abbott (@GregAbbott_TX) <a href="https://twitter.com/GregAbbott_TX/status/1952409142221574505?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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Abbott also asked the Texas Rangers to investigate whether absent members or donors violated bribery laws by covering $500-a-day fines.
Why It Matters: Rep. Jolanda Jones (D), speaking from Chicago, said Democrats "won't help Trump steal seats" and vowed to stay out until the map dies. Republicans counter that Democrats are stalling flood-relief and anti-trafficking bills, not redistricting. Voting-rights advocates respond that the map would lock in GOP dominance for the decade.
As highlighted in an Associated Press <a href="https://apnews.com/article/texas-legislature-quorum-break-redistricting-trump-743e616c14903deb7f264b2734422a09">report</a>, the standoff echoes quorum breaks in 2003 and 2021. It comes as Abbott, fresh off <a href="https://www.benzinga.com/markets/cannabis/25/01/43219037/texas-gov-abbott-wants-11-billion-border-security-reimbursement-protecting-the-rest-of-america-was-expensive">asking Congress for $11 billion</a> to reimburse border-security costs, polishes his national profile ahead of 2026.
Photo Courtesy: Lev Radin on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/08/46845154/jensen-huang-once-said-theres-hard-work-and-then-theres-insanely-hard-work-now-elon-musk-calls-it-hardcore">Jensen Huang Once Said, &#8216;There&#8217;s Hard Work And Then There&#8217;s Insanely Hard Work&#8217; — Now, Elon Musk Calls It &#8216;Hardcore&#8217;</a></li>
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Politics

Greg Abbott Deploys State Troopers As Dozens Of Texas Democrats Flee To Stall GOP-Favored Maps

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull and Wedbush Securities' analyst Dan Ives, as well as Future Fund LLC's managing director, Gary Black, have weighed in on Elon Musk's new $29 billion pay package, reacting positively to the news.
Check out the latest price of <a href="https://www.benzinga.com/quote/tsla">Tesla stock here</a>.
<h2 class="wp-block-heading">Dan Ives Says New Compensation Resolves Delaware &#8216;Soap Opera&#8217;</h2>
Taking to social media platform X on Monday, following the news, Ives hailed the move. "Tesla Board comp package to Musk removes an overhang," he said, adding that the new package solidifies Musk's position as CEO of Tesla, "at least until 2030."
He also added that the move removes some of the overhang on company stock posed by the Delaware "soap opera," referring to the court ruling last year, which overruled Musk's initial compensation package.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla Board comp package to Musk removes an overhang. This should solidify Musk as CEO for Tesla at least until 2030 in our view. Helps resolve some of the Delaware comp soap opera that has been a cloud over the name. &#x1f3c6;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1952316324819898878?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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<h2 class="wp-block-heading">Gary Black Calls The Move Favorable For TSLA Stock</h2>
The investor also took to X following the news, sharing that the move by the board "should be viewed very favorably for Tesla as it removes an overhang on Tesla stock," he said.
He added that the new package aligns Musk's compensation with the shareholders' view.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This should be viewed very favorably for <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> as it removes an overhang on <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> stock, and aligns Elon's incentives with TSLA shareholders. <a href="https://t.co/Exg9fIBv1v">https://t.co/Exg9fIBv1v</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1952328174240465095?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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<h2 class="wp-block-heading">Amid Dwindling Sales, Tesla Awards 96 Million Shares To Elon Musk</h2>
The new package awards <a href="https://www.benzinga.com/markets/tech/25/08/46823595/tesla-says-retaining-elon-musk-is-more-important-than-ever-before-as-company-begins-process-to-grant-96-million-share-stock-award">96 million shares</a> to Elon Musk as compensation, totaling over $29 billion in value, a steep decline from the earlier $56 billion package previously approved by the EV giant's board of directors.
The new package comes in as Musk's automaker has been grappling with poor sales figures across various regions. Tesla's <a href="https://www.benzinga.com/markets/tech/25/07/46565871/tesla-sales-drop-21-in-california-ahead-of-q2-earnings-market-share-slips-even-as-model-y-model-3-remain-top-evs">California sales fell over 21%</a> while the company also experienced sharp declines in <a href="https://www.benzinga.com/markets/eurozone/25/08/46788714/teslas-european-woes-worsen-as-sales-decline-in-denmark-sweden-and-france-for-seventh-consecutive-month">Sweden, France and Denmark</a>.
<h2 class="wp-block-heading">Tesla Expands Ride-Hailing Service Into New Cities Amid Criticism</h2>
Tesla recently announced it was expanding its <a href="https://www.benzinga.com/markets/tech/25/07/46747282/teslas-robotaxi-is-now-live-in-the-san-francisco-bay-area-serves-a-larger-area-compared-to-waymo">ride-hailing service</a> to the San Francisco Bay Area, serving an area that is larger than what its competitor Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo does.
Interestingly, the company didn't mention the word Robotaxi in the announcement, as there will be a safety driver present in the cab at all times. This move has invited <a href="https://www.benzinga.com/markets/tech/25/08/46781790/ross-gerber-slams-tesla-over-robotaxis-wild-exaggerations-calls-supervised-fsd-an-oxymoron">criticism from experts</a> like Gerber-Kawasaki's co-founder, Ross Gerber, who called it "an oxymoron."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="206" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025-1024x206.jpg" alt="" class="wp-image-1014257" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025-1024x206.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025-768x154.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025-1536x309.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04235115/TSLA-AUG-5-2025.jpg 1572w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/08/46819403/elon-musk-says-tesla-drivers-could-play-video-games-during-self-driving-mode-in-3-6-months-talks-about-robotaxi-launch-in-chicago">Elon Musk Says Tesla Drivers Could Play Video Games During Self-Driving Mode In 3–6 Months—Talks About Robotaxi Launch In Chicago</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

GOOG

GOOGL

TSLA

Elon Musk's $29 Billion Pay Package Solidifies Tesla CEO Role 'Till 2030,' Says Dan Ives—Gary Black Calls It Favorable For TSLA Stock

The Food and Drug Administration has heightened concerns over a nationwide butter recall, escalating the risk level after discovering the presence of an undeclared major allergen.
<h2 class="wp-block-heading">FDA Upgrades Butter Recall To Class II After Allergen Discovery</h2>
The FDA upgraded its recall classification to Class II for 64,800 pounds of NH European Style Butter Blend, produced by Bunge North America Inc., after discovering that the product contains milk, a major food allergen not listed on the label,&nbsp;as <a href="https://thehill.com/homenews/state-watch/5435324-fda-upgrades-nationwide-butter-recall-alert-to-a-higher-level/">reported</a>&nbsp;by&nbsp;The Hill.
According to a July 14 report, the affected butter was shipped to 12 locations in the United States and one in the Dominican Republic, with over 1,800 cases involved. Consumers can identify the product by the lot code 5064036503.
The FDA defines a Class II recall as &#8220;a situation in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.&#8221;
<h2 class="wp-block-heading">Milk Allergen Triggers Nationwide Butter Recall Concerns</h2>
Milk is one of nine major food allergens recognized under U.S. law, along with eggs, fish, shellfish, tree nuts, peanuts, wheat, soybeans, and sesame. Federal food safety regulations require that these allergens be clearly labeled on food packaging to prevent health risks for individuals with allergies.
See Also: <a href="https://benzinga.com/markets/tech/25/08/46819258/elon-musk-agrees-with-cathie-wood-tesla-is-largest-ai-project-on-earth-amid-robotaxi-vision-samsung-" target="_blank" rel="noopener">Elon Musk Agrees With Cathie Wood: Tesla Is &#8216;Largest AI Project On Earth&#8217; Amid Robotaxi Vision, Samsung Chip Deal Buzz</a>
<h2 class="wp-block-heading">FDA Expands Surprise Inspections At Foreign Food And Drug Plants</h2>
Earlier in May, the FDA announced plans to expand unannounced inspections of foreign manufacturing facilities that <a href="https://www.benzinga.com/25/05/45234032/fda-expands-surprise-inspections-at-foreign-drug-and-food-facilities-targets-double-standards-in-overseas-manufacturing-oversight">produce food, medicine, and medical products</a> for U.S. consumers. The move builds on a pilot program in India and China and aims to eliminate the double standard between foreign and domestic manufacturers.&nbsp;
FDA Commissioner Martin Makary emphasized that foreign companies should no longer receive prior notice before inspections. The agency also pledged to tighten ethics rules, prohibiting inspectors from accepting travel perks from companies under review.
<h2 class="wp-block-heading">FDA, HHS Move To Ban Petroleum-Based Food Dyes Over Health Risks</h2>
In April, the U.S. government is moving to ban petroleum-based artificial food dyes as part of a broader health initiative led by HHS Secretary Robert F. Kennedy Jr. Under the &#8220;Make America Healthy Again&#8221; plan, the FDA and HHS have introduced a roadmap to transition the <a href="https://www.benzinga.com/news/25/04/44961625/fda-targets-synthetic-food-dyes-in-sweeping-nutrition-overhaul">food industry toward plant-based colorings</a>.&nbsp;
Two synthetic dyes—Citrus Red No. 2 and Orange B—will soon lose FDA approval. Kennedy called these dyes "poisonous compounds" that threaten children&#8217;s health and offer no nutritional value.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/health-care/25/08/46823546/trumps-big-beautiful-bill-is-investing-200-billion-in-medicaid-not-cutting-it-cms-chief-says-but" target="_blank" rel="noopener">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Is Investing $200 Billion In Medicaid, Not Cutting It, CMS Chief Says: &#8216;But We Want An Appropriate&#8230;&#8217;</a></li>
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Photo Courtesy: New Africa on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

FDA Sounds Alarm On Nationwide Butter Recall: Upgrades Risk Over Allergen Warning

Billionaire investor Ray Dalio has weighed in on President Donald Trump's decision to dismiss Bureau of Labor Statistics Commissioner Erika McEntarfer, following last week's sharp downward revision to U.S. jobs data.
What Happened: On Monday, in a post on X, Dalio said that he &#8220;probably would have fired the head of the Bureau of Labor Statistics too,&#8221; citing what he called an outdated and flawed system for producing economic estimates, with no clear strategy in place to fix it.
Dalio&#8217;s comments come just days after an extraordinarily large downward revision was made to the Jobs reports of May and June. At 258,000, this marks the biggest revision since 1978, barring the early months of the COVID-19 pandemic, according to a report by Reuters.
See Also: <a href="https://www.benzinga.com/news/politics/25/08/46820718/chris-christie-says-trumps-job-report-reaction-is-like-that-of-a-petulant-child-he-fires-the-messenger-that-brings-bad-news">Chris Christie says Trump&#8217;s Job Report Reaction Is Like That Of A &#8216;Petulant Child&#8217;: He Fires The Messenger That Brings Bad News</a>
While he acknowledged that the revisions highlight several structural issues with how economic data is collected and reported, Dalio believes that Trump must clarify the rationale behind his move. 
&#8220;It would be good if President Trump made his thinking clear,&#8221; he says, since if it were a politically motivated move, as some media reports suggest, then &#8220;that would be a big problem.&#8221;
&#8220;Leaders manipulating numbers that distort the truth to suit their political objectives is a classic sign of the loss of a functioning system with rule of law and checks and balance[s],&#8221; he says.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I probably would have fired the head of the Bureau of Labor Statistics too. That&#39;s because its process for making estimates is obviously obsolete and error-prone, and there is no good plan in the works for fixing it. The huge revisions in Friday's employment numbers are…
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1952383144218288460?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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Other prominent experts and economists have echoed similar views, with venture capitalist David Sachs also criticizing the BLS for its poor data quality. 
He says, &#8220;No hedge fund manager, or even associate, would keep their jobs if they routinely produced errors ("revisions") as large as BLS.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No hedge fund manager — or even associate — would keep their job if they routinely produced errors ("revisions") as large as BLS. <a href="https://t.co/7yvsuqkdpy">https://t.co/7yvsuqkdpy</a>
&mdash; David Sacks (@DavidSacks) <a href="https://twitter.com/DavidSacks/status/1952360202667184485?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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Economist Jeremy Siegel from the University of Pennsylvania doubled down on this criticism of the BLS while appearing on CNBC&#8217;s &#8220;Squawk Box&#8221; on Monday, asking why there wasn&#8217;t any explanation given despite making the &#8220;biggest mistake in 50 years.&#8221;
Siegel also adds that had these figures been made available before, &#8220;there would have been a rate cut at the July meeting,&#8221; referring to the Federal Open Market Committee (FOMC) meeting last week, when the decision was made to keep benchmark <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46746117/fed-holds-rates-amid-trumps-demands-for-a-cut-powell-more-hawkish-than-anyone-expected-say-economists-historic-dissent-noted">interest rates unchanged</a>.
Why It Matters: On Sunday, investor Chamath Palihapitiya made the case for an &#8220;oracle-like data provider for this critical information,&#8221; adding that &#8220;Non-Farm Payrolls are total garbage,&#8221; given <a href="https://www.benzinga.com/markets/economic-data/25/08/46819178/mark-cuban-swipes-at-chamath-palihapitiyas-oracle-like-data-provider-plan-to-fix-non-farm-payrolls-spac-king-hits-back-no-need-to-get-chippy">the number of revisions</a> that have taken place &#8220;in both directions&#8221; over the years. 
Palihapitiya&#8217;s proposal, however, received pushback from investor Mark Cuban, who called the plan impractical, asking, &#8220;Who is going to pay for the implementations?&#8221;
Photo Courtesy: Mark Van Scyoc on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/08/46842171/july-jobs-report-recession-sp500-earnings-insights">Recession Talk Heats Up After Jobs Data—But Corporate America Says Otherwise</a></li>
</ul>

Ray Dalio, David Sacks Say They Would Have Fired Labor Bureau Commissioner Trump Removed: Here's Why

President Donald Trump renewed threats on Monday to impose substantial tariffs on India over its continued purchases of Russian oil, accusing the nation of profiting from the Ukraine conflict while disregarding casualties.
<h2 class="wp-block-heading">Trump Calls Out India&#8217;s Oil Resale Operations</h2>
Writing on Truth Social, Trump stated: &#8220;India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don&#8217;t care how many people in Ukraine are being killed by the Russian War Machine.&#8221;
The president added he would be &#8220;substantially raising the Tariff paid by India to the USA&#8221; as a result.
<figure class="wp-block-image size-full is-resized"><a href="https://truthsocial.com/@realDonaldTrump/posts/114971053091282290"><img loading="lazy" decoding="async" width="964" height="370" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04232200/image-44.png" alt="" class="wp-image-1014235" style="width:495px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04232200/image-44.png 964w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04232200/image-44-300x115.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04232200/image-44-768x295.png 768w" sizes="(max-width: 964px) 100vw, 964px" /></a></figure>
<h2 class="wp-block-heading">India Maintains Russian Energy Imports Despite Pressure</h2>
India has purchased over one-third of its oil imports from Russia since the Ukraine war began, making it the second-largest importer of Russian crude after China. Two senior Indian officials told The New York Times that the government has not directed oil companies to reduce their <a href="https://www.benzinga.com/markets/commodities/25/08/46815955/india-stands-firm-on-russian-oil-imports-despite-trumps-sanction-threats" target="_blank" rel="noopener">imports from Russia, </a><a href="https://www.benzinga.com/markets/commodities/25/08/46815955/india-stands-firm-on-russian-oil-imports-despite-trumps-sanction-threats">despite U.S. pressure</a>.
The energy relationship has become a central focus of ongoing U.S.-India trade negotiations. Total bilateral goods trade reached approximately $129 billion in 2024, with India maintaining a <a href="https://www.benzinga.com/news/politics/25/07/46714946/trump-warns-india-of-25-tariffs-as-trade-talks-stall-ahead-of-august-1-deadline">nearly $46 billion surplus</a>.
See Also: <a href="https://www.benzinga.com/news/politics/25/08/46839506/trump-inflation-data-bls-imputation-change">Trump Is Playing With Inflation Data, People Say—Here&#8217;s What We Know</a>
<h2 class="wp-block-heading">Broader BRICS Nations Face Similar Threats</h2>
Sen. Lindsey Graham (R-S.C.) previously indicated that Trump plans 100% tariffs on China, India, and Brazil for purchasing Russian oil. &#8220;Those three countries buy about 80% of cheap Russian oil. That&#8217;s what keeps Putin&#8217;s war machine going,&#8221; Graham <a href="https://www.benzinga.com/news/politics/25/07/46541364/trump-plans-100-tariffs-on-india-brazil-china-for-backing-russian-oil-and-fueling-putins-war-machine-says-lindsey-graham">stated on Fox News in July</a>.
The tariff strategy targets nations over Russian energy purchases and de-dollarization efforts, creating additional pressure on emerging market economies.
<h2 class="wp-block-heading">Market Impact On The Energy Sector</h2>
Energy markets showed mixed responses to escalating geopolitical tensions on Monday. The iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEO#NYSE">IEO</a>) closed up 0.45% at $87.90, while the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) lost 1.74% to $76.11. WTI crude hovered above $66.01 per barrel, with Brent around $68.49.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/08/46843599/at-3280-an-ounce-gold-should-scare-off-buyers-but-etfs-say-otherwise">At $3,280 An Ounce, Gold Should Scare Off Buyers, But ETFs Say Otherwise</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

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As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continues to <a href="https://www.benzinga.com/markets/equities/25/07/46463595/dan-ives-picks-5-stocks-for-2nd-half-of-2025-nvidia-palantir-microsoft-and-more-golden-age-of-tech-is-here-with-ai-revolution">dominate the AI race</a> and stock market, a new report says that the wealth created inside the company has reached stunning levels.
<h2 class="wp-block-heading">Jensen Huang-Led Nvidia Staff Are Riding A Wealth Wave</h2>
On Monday, in a post shared on X, formerly Twitter, financial commentary platform The Kobeissi Letter said, "This is incredible: Roughly 50% of Nvidia employees are now worth over $25 million. Roughly 80% of Nvidia employees are now millionaires. The AI revolution is producing unprecedented wealth."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is incredible: Roughly 50% of Nvidia, <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, employees are now worth over $25 million. Roughly 80% of Nvidia employees are now millionaires. The AI revolution is producing unprecedented wealth.
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1952499417681998197?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/07/46590373/elon-musk-richest-man-alive-is-asked-how-he-feels-about-being-labeled-evil-billionaire-its-not-like-ive-got-some-massive-cash-balance" target="_blank" rel="noreferrer noopener">Elon Musk, Richest Man Alive, Is Asked How He Feels About Being Labeled ‘Evil Billionaire&#8217; — ‘It&#8217;s Not Like I&#8217;ve Got Some Massive Cash Balance&#8217;</a> Stock Options Are Fueling Life-Changing Wealth
According to the available <a href="https://www.reddit.com/r/CapitalismVSocialism/comments/1huz9lj/78_of_nvidia_employees_are_millionaires/#:~:text=A%20June%20poll%20of%20over,by%203%2C776%25%20since%20early%202019.">reports</a>, a June survey of more than 3,000 Nvidia employees has revealed that a staggering 76–78% of respondents are now millionaires, with nearly half reporting a net worth exceeding $25 million.
The surge in employee wealth reflects the company's meteoric rise in market value.
The internal poll, conducted among roughly 10% of Nvidia's 30,000-person workforce, highlights the outsized impact of the chipmaker's employee stock purchase program.
The initiative allows staff to buy company shares at a 15% discount, a benefit that has paid off handsomely amid Nvidia's explosive growth.
<h2 class="wp-block-heading">Huang Says He's Created More Billionaires Than Any CEO</h2>
Nvidia CEO Huang last month <a href="https://www.benzinga.com/markets/tech/25/07/46625981/jensen-huang-says-hes-created-more-billionaires-than-any-ceo-dont-feel-sad-for-anybody-at-my-layer">addressed executive compensation</a> during a podcast appearance with venture capitalists Chamath Palihapitiya and Jason Calacanis, saying, "I've created more billionaires on my management team than any CEO in the world."
At the time, he highlighted the company's practice of rewarding talent with stock and reiterated his belief in empowering small, highly skilled teams. "You take care of people and everything else takes care of itself," he said.
<h2 class="wp-block-heading">Nvidia's Market Cap Surpasses $4 Trillion</h2>
Nvidia is now the <a href="https://www.benzinga.com/markets/tech/25/07/46349588/nvidia-hits-4-trillion-now-worth-more-than-meta-berkshire-hathaway-tesla-combined">most valuable public company</a> in the world, boasting a market capitalization of $4.39 trillion. The stock is up over 79% in the past 12 months and more than 30% year to date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
With CEO Huang's net worth reportedly exceeding $157 billion, Nvidia's ascent continues to reshape not just the AI sector.
According to Benzinga&#8217;s Edge Stock Rankings, Nvidia continues to exhibit strong upward momentum across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance metrics can be found here</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/2025/08/04233352/Screenshot-2025-08-05-at-9.03.32%E2%80%AFAM.png" alt="" class="wp-image-1014240" /></a></figure>
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Photo: Hepha1st0s On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Is Producing 'Unprecedented Wealth' For Its Employees, Nearly 80% Are Already Millionaires: Report

Cryptocurrency exchange&nbsp;Bullish&nbsp;is targeting a valuation of&nbsp;up to $4.32 billion in&nbsp;its upcoming initial public offering in the U.S., the company disclosed on Monday.
<h2 class="wp-block-heading">Details Of The IPO</h2>
Bullish, <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43493995/peter-thiel-backed-crypto-exchange-reportedly-plans-ipo-in-2025-amid-bitcoin-and-digital-currency-boom">backed </a>by billionaire investor and entrepreneur Peter Thiel, is seeking to raise&nbsp;up to $629.3 million by&nbsp;offering 20.3 million shares priced&nbsp;between $28 and $31 each. The company applied to list the shares on the New York Stock Exchange under the ticker "BLSH.&#8221;
&#8220;We have granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to 3,045,000 additional Ordinary Shares, at the initial public offering price, less underwriting discounts and commissions,&#8221; Bullish said. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) are the lead underwriters.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/08/46824435/eric-trump-advises-to-buy-bitcoin-ethereum-dips-last-time-he-said-this-the-two-coins-fell-to-their-yearly-lows-in-barely-45-days" target="_blank" rel="noreferrer noopener">Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said This, The Two Coins Fell To Their Yearly Lows In Barely 45 Days</a>
The company added that the total number of shares outstanding could go up to 139,528,739 after the offering, potentially valuing the IPO at $4.32 billion.
<h2 class="wp-block-heading">Second Time Lucky</h2>
This is the second time Bullish has attempted to go public in the last four years. The company initially planned to go public through a special purpose acquisition company in 2021, but the plan was abandoned in 2022 due to regulatory challenges.
The company intends to convert a significant part of the IPO proceeds into U.S.-dollar-denominated stablecoins with the&nbsp;assistance of one or more&nbsp;issuers of such tokens.
Bullish also operates a crypto news website, CoinDesk, which it&nbsp;acquired&nbsp;from Barry Silbert&#8217;s Digital Currency Group in 2023. The firm, led by CEO&nbsp;Tom Farley,&nbsp;has over 275 employees globally and operates in Hong Kong, the U.S. and Europe.
<h2 class="wp-block-heading">&#8216;Bullish&#8217; Momentum For Crypto In The US</h2>
The cryptocurrency industry has gained momentum due to the Trump administration&#8217;s friendly policymaking, <a href="https://www.benzinga.com/government/regulations/25/05/45511929/coinbase-ceo-brian-armstrong-hails-huge-win-as-genius-act-advances-with-bipartisan-senate-support">including&nbsp;the recent passage of the&nbsp;GENIUS Act</a>, which provides an&nbsp;initial regulatory framework for stablecoins. 
Notably, Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), a prominent stablecoin issuer, recorded a blockbuster public listing in June, surging 138% since its debut.
The stock demonstrated a low Value score as of this writing. Are you looking for cryptocurrency-linked stocks for your portfolio? Check out&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to filter out the best performers on other key measures such as Momentum, Growth, and Quality.
<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="442" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43.png" alt="" class="wp-image-1014210" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04230306/image-43-300x131.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Meanwhile, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), co-founded by Thiel, reported financial results for the second quarter after the market closed, with revenue and earnings <a href="https://www.benzinga.com/markets/earnings/25/08/46840353/palantir-q2-earnings-revenue-eps-beat-estimates-company-raises-guidance-citing-astonishing-impact-of-ai-leverage">smashing analysts&#8217; expectations</a>. The firm topped $1 billion in quarterly revenue for the first time.
Photo: Hepha1st0s On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

PLTR

Palantir Fever Is Running High Today; Meanwhile, This Peter Thiel-Backed Crypto Exchange Aims For $4.3 Billion IPO

Preservation experts say President Donald Trump's push to add a $200 million, 90,000-square-foot state ballroom to the White House by 2029 risks sacrificing history for haste. The White House will begin the East Wing addition in September, a project that would be the mansion's largest structural change since the Truman Balcony.
What Happened: White House chief of staff Susie Wiles <a href="https://www.whitehouse.gov/briefings-statements/2025/07/the-white-house-announces-white-house-ballroom-construction-to-begin/">insisted</a> the project will honor the building's past. "The President and the Trump White House are fully committed to working with the appropriate organizations to [preserve] the special history of the White House while building a beautiful ballroom that can be enjoyed by future Administrations and generations of Americans to come," Wiles said.
Yet historians warn the administration faces few guardrails. "In most cases, you're not going to have a lot of binding obligations to historic buildings," said Michael Spencer, a preservation professor at the University of Mary Washington, <a href="https://www.nytimes.com/2025/08/03/us/politics/trump-white-house-ballroom-renovations-concerns.html">told</a> The New York Times, noting the White House is exempt from the National Historic Preservation Act.
Richard Longstreth, professor emeritus at George Washington University, called the plan's scale alarming. "It could do some harm to the property overall … There aren't any checks and balances here, unfortunately," he remarked.
See Also: <a href="https://www.benzinga.com/news/topics/25/08/46827849/if-youre-not-using-ai-to-move-faster-or-make-smarter-decisions-youre-behind-says-mark-cuban-as-5-12-million-start-businesses">&#8216;If You&#8217;re Not Using AI To Move Faster Or Make Smarter Decisions, You&#8217;re Behind,&#8217; Says Mark Cuban As 5.12 Million Start Businesses</a>
Former National Park Service director Jonathan Jarvis questioned both design and timing. "You couldn't put something on the side of the building that doesn't match it historically in terms of its architecture, colouration and style," he said, labeling the schedule "optimistic." He added, "You don't see one of those projects go that fast … It'll be a rush to get it done. It's the White House — it has to survive a terrorist attack."
Why It Matters: The Committee for the Preservation of the White House, whose advice is nonbinding, has not publicly weighed in. Trump has yet to appoint new members after earlier terms expired, increasing concerns that oversight will be minimal.
Funding also remains opaque. The administration says Trump and "patriot donors" will pay, but has provided no list of contributors, prompting ethics advocates to demand transparency.
Construction management firm Clark and architect James McCrery promise to keep the addition "classical" and complete it "long before" January 2029. Preservationists counter that rushing a project of this magnitude courts structural, security and reputational risks that could linger far beyond Trump's term.
Photo Courtesy: Joey Sussman on Shutterstock.com
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Financing

Trump's $200 Million White House Ballroom Addition Plan See Experts Cry Out For More Guardrails: 'There Aren't Any Checks And Balances'

Major U.S. indices ended Monday in the green with the Dow Jones Industrial Average rising 1.3% higher at 44,173.64 and the S&amp;P 500 gaining nearly 1.5% to 6,329.94. The tech-heavy Nasdaq shot up 1.95% to 21,053.58.
Despite these challenges, investors are keeping a close eye on several macroeconomic indicators and upcoming earnings reports from key companies like Palantir and AMD. These are the top stocks that gained the attention of retail traders and investors throughout the day.
Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)
Palantir&#8217;s stock climbed 4.14% to close at $160.66, hitting an intraday high of $161.40 and a low of $157.93. The stock is nearing its 52-week high of $161.40, with its lowest at $21.23. In the after-hours trading Palantir shares spiked 4.57% to $168. The company is in the spotlight with its <a href="https://www.benzinga.com/markets/tech/25/08/46830641/palantirs-earnings-tightrope-up-100-ytd-pltr-stock-dances-near-momentum-peak">second-quarter earnings</a> report, having already soared over 110% year-to-date. Investors are eager to see if the AI-driven rally will sustain its momentum. <a href="https://www.benzinga.com/markets/earnings/25/08/46840353/palantir-q2-earnings-revenue-eps-beat-estimates-company-raises-guidance-citing-astonishing-impact-of-ai-leverage">Earnings for the period</a> came in at $1.004 billion, which were ahead of the analyst estimates of $939.71 million
Hims &amp; Hers Health Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)
See Also:&nbsp;<a href="https://benzinga.com/markets/commodities/25/08/46824907/cash-rich-gold-sector-poised-for-shake-up-as-fed-pressure-builds" target="_blank" rel="noreferrer noopener">Cash-Rich Gold Sector Poised For Shake-Up As Fed Pressure Builds</a>
Hims &amp; Hers Health saw a 1.28% increase, closing at $63.35, with a high of $65.59 and a low of $62.30. The stock&#8217;s 52-week range is between $72.98 and $13.47. The company reported <a href="https://www.benzinga.com/markets/earnings/25/08/46841094/hims-hers-health-stock-tumbles-on-q2-earnings-as-revenue-comes-up-short-company-sees-exciting-period-of-growth-ahead">second-quarter earnings</a> with revenue of $544.83 million, which came in slightly below analyst estimates of $549.83 million.
American Eagle Outfitters Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)
American Eagle&#8217;s stock surged 23.65%, closing at $13.28, with an intraday high of $13.39 and a low of $11.17. Its 52-week high and low are $22.83 and $9.27. The stock spiked following an <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46836413/trump-says-sweeneys-ad-is-hottest-american-eagle-stock-goes-wild">unexpected endorsement</a> from President Donald Trump, which was shared on Truth Social, driving heavy trading volume.
Joby Aviation Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>)
Joby Aviation&#8217;s shares jumped 18.82% to $20.39, with a high of $20.95 and a low of $18.27. The stock&#8217;s 52-week high is $20.95, and the low is $4.66. The rise follows&nbsp;<a href="https://www.benzinga.com/m-a/25/08/46826230/blade-exits-air-taxi-space-sells-unit-to-joby-to-focus-on-medical-logistics">Blade Air Mobility&#8217;s</a>&nbsp;decision to sell its passenger transportation business to Joby, allowing Joby to expand its operations.
Advanced Micro Devices Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD&#8217;s stock rose 2.99%, closing at $176.78, with a high of $177.86 and a low of $173.56. Its 52-week range is $182.50 to $76.48. In the after-hours trading, the shares rose 1.2%. The stock is gaining momentum as reports suggest <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46832330/amd-stock-is-rising-ahead-of-earnings-this-week-whats-fueling-the-momentum">increased popularity</a> of AMD CPUs among gamers, ahead of its earnings report on Tuesday after the market close.
Benzinga's Edge Stock Rankings indicate Palantir checks out on Short, Medium and Long Price Trends. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it fares</a> on other metrics.
<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="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04224814/Screenshot-2025-08-05-at-11.48.01.png" alt="" class="wp-image-1014195" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04224814/Screenshot-2025-08-05-at-11.48.01.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04224814/Screenshot-2025-08-05-at-11.48.01-300x189.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Kanyapak Lim on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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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>

Hims & Hers Health, Inc. Class A Common Stock

HIMS

JOBY

Palantir, Hims & Hers, American Eagle, Joby Aviation And AMD: Why These 5 Stocks Are On Investors' Radars Today

AI giant, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), is drawing loud praise from Wall Street analysts following the company&#8217;s robust second-quarter performance, as it surged past consensus estimates.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/PLTR" target="_blank" rel="noreferrer noopener">PLTR stock here</a>.
What Happened: On Monday, senior analyst Dan Ives, who refers to the company as the &#8220;Messi of AI,&#8221; joined Yahoo Finance&#8217;s Market Domination Overtime <a href="https://finance.yahoo.com/video/palantirs-blowout-q2-shows-path-204814636.html">to</a> share his reactions and discuss its second-quarter performance. 
According to Ives, this was &#8220;a blowout across the board,&#8221; as he praised CEO Alex Karp&#8217;s leadership as a &#8220;Hall of Fame performance.&#8221; Speaking on valuation concerns, Ives says that, in his view, the company will reach a &#8220;trillion dollar market cap&#8221; over the next two to three years.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Palantir, when it was $50 I said it would go to $100, when it was at $100 I said it would go to $150 and now that it has topped $150 its next stop is $200
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1952498477902037268?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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The host of CNBC&#8217;s Mad Money, Jim Cramer, doubled down on his bullish outlook on the stock, following its results. &#8220;Palantir, when it was $50, I said it would go to $100, when it was at $100, I said it would go to $150,&#8221; and now Cramer says the &#8220;next stop is $200,&#8221; which is a 24.48% upside from current levels.
Cramer also highlighted a term used during Palantir&#8217;s earnings call, &#8220;Doomerism,&#8221; referring to the negativity surrounding AI and the company itself, likely promoted by short-sellers.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New word from Palantir&#39;s call: Doomerism, as in negativity. I love it and will appropriate it. Alex won&#39;t mind. Love it when he bashes the shorts. Fantastic when he calls for a revolution. But against what? Who?
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1952496187476730048?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
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Meanwhile, Neil Sethi, the managing partner at fund manager, Sethi Associates, lauds the company&#8217;s outperformance in the face of &#8220;sky-high expectations.&#8221;
He notes that &#8220;sales jumped 68% to $733 million,&#8221; and the company &#8220;raised its revenue outlook for the full year to $4.14 billion to $4.15 billion, exceeding analysts' prior expectation of $3.91 billion,&#8221; as it cites the &#8220;astonishing impact&#8221; of artificial intelligence on its business. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a> Despite sky-high expectations, Palantir Technologies manages to beat them with shares jumping 4.5% AH&#39;s adding to a 500% increase over hte past year, reporting a 48% increase in revenue for the second quarter, citing the "astonishing impact" of artificial technology on its… <a href="https://t.co/MQS5dXYDBk">https://t.co/MQS5dXYDBk</a> <a href="https://t.co/00xLnBhm7Y">pic.twitter.com/00xLnBhm7Y</a>
&mdash; Neil Sethi (@neilksethi) <a href="https://twitter.com/neilksethi/status/1952467362952646738?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Palantir released its <a href="https://www.benzinga.com/markets/earnings/25/08/46840353/palantir-q2-earnings-revenue-eps-beat-estimates-company-raises-guidance-citing-astonishing-impact-of-ai-leverage">second-quarter earnings</a> on Monday, reporting revenue of $1.004 billion, up 48% year-over-year, and beating&nbsp;analyst estimates&nbsp;of $939.71 million. It posted a profit of $0.16 per share, which was again ahead of consensus estimates at $0.14 per share. 
Riding the AI momentum, the company raised its guidance for the full year to $4.15 billion, up from its prior guidance of $3.90 billion, which was in line with consensus estimates.
Price Action: Palantir shares were up 4.14% on Monday, trading at $160.66, and are up another 4.57% after hours, following its earnings announcement after markets closed.
<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="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04221023/Screenshot-2025-08-05-at-7.39.55-AM-1024x149.png" alt="" class="wp-image-1014159" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04221023/Screenshot-2025-08-05-at-7.39.55-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04221023/Screenshot-2025-08-05-at-7.39.55-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04221023/Screenshot-2025-08-05-at-7.39.55-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04221023/Screenshot-2025-08-05-at-7.39.55-AM.png 1526w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Palantir shares score high on Momentum and Growth, with a favorable price trend in the short, medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors. .
Read More: 
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<li><a href="https://www.benzinga.com/markets/equities/25/08/46782374/palantir-lands-10-billion-army-deal-to-unify-75-contracts-into-one-ai-powered-defense-software-framework">Palantir Lands $10 Billion Army Deal To Unify 75 Contracts Into One AI-Powered Defense Software Framework</a></li>
</ul>
Photo: slyellow / Shutterstock.com

Jim Cramer Says Palantir's 'Next Stop Is $200' After Q2 Earnings Blowout: Dan Ives Calls It 'The Messi of AI'

Bitcoin was steady, but Ethereum surged on Monday as companies aggressively bought the second-largest cryptocurrency for their reserves.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.01%</td>
<td>$114,846.41</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>+4.21%</td>
<td>$3,694.69</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.66%</td>
<td>$0.2092</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.87%</td>
<td>$3.07</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.13%</td>
<td>$169.27</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Institutional Buying Boosts ETH</h2>
Bitcoin oscillated between $114,700 and $115, 500 for most of the day, with the intraday peak at $115,729.47.
Ethereum, on the other hand, rose steeply, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46832921/sharplink-ups-ethereum-bets-closes-in-on-500000-eth-holdings">buoyed by aggressive accumulation</a> by ETH treasury companies, including SharpLink Gaming Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>).
Over $211 was liquidated from the cryptocurrency market in the last 24 hours, with $141 million in downside bets wiped out.
Bitcoin's open interest fell by 0.88% in the last 24 hours, while Ethereum's open interest rose 2.62% in the same time. Interestingly, Binance Futures still leaned bullish for BTC, according to the Long/Short ratio.
The "greed" sentiment weakened over the last 24 hours, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Memecore (M)&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+28.52%</td>
<td>$0.5738</td>
</tr>
<tr>
<td>Mantle (MNT)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+15.64%</td>
<td>$0.823</td>
</tr>
<tr>
<td>Litecoin (LTC)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.08%</td>
<td>$121.21 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.77 trillion, gaining 1.01% in the last 24 hours.
<h2 class="wp-block-heading">Stocks Recover After Friday Blues</h2>
Stocks bounced back on Monday after Friday's sell-off. The Dow Jones Industrial Average rose 585.06 points, or 1.34%, to close at 44,173.64. The S&amp;P 500 gained 1.47% to end at 6,329.94. The tech-heavy Nasdaq Composite spiked 1.95% to settle at 21,053.58.
Stocks closed last week in the red, precipitated by the <a href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street">worse-than-expected July jobs report</a> and President Donald Trump imposing a new wave of <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">import duties on key trading partners</a>.
<h2 class="wp-block-heading">Analyst Sees Big Bull Run For Bitcoin, Altcoins</h2>
Widely followed cryptocurrency analyst and trader Bob Loukas noted Bitcoin's retest of its May cycle high, suggesting a potential 60-day cycle peak.
"Most cycles have retests or lower lows, but this stage of the bull market don&#8217;t count on them," the analyst said. "Hoping for a strong push to a late Aug high, followed by the Weekly cycle decline into Sept."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> retested the May Cycle high. That might be it for this 60-day Cycle. Most cycles have retests or lower lows, but this stage of the bull market don&#39;t count on them. Hoping for a strong push to a late Aug high, followed by the Weekly cycle decline into Sept. <a href="https://t.co/sXt40OW900">pic.twitter.com/sXt40OW900</a>
&mdash; Bob Loukas &#x1f5fd; (@BobLoukas) <a href="https://twitter.com/BobLoukas/status/1952411621554544716?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another popular commentator, Michaël van de Poppe, said the market was looking "absolutely magnificent" for a big bull run for Bitcoin and altcoins, but stressed the significance of breaking a significant resistance around the early $115,00s.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the markets are looking absolutely magnificent for a big bull run in the second half of this year for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>. However, let&#39;s crack this resistance first and then we&#39;ll be even happier. Wouldn&#39;t be surprised with a final sweep before we go up. <a href="https://t.co/UcSmcsDYBC">pic.twitter.com/UcSmcsDYBC</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1952454491623792688?ref_src=twsrc%5Etfw">August 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Travis Wolfe on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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$BTC

$DOGE

$ETH

$SOL

$XRP

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Bitcoin Trades Flat; Ethereum, Dogecoin Spike: Market Looking 'Absolutely Magnificent' For Crypto Bull Run, Says Analyst

Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has been downgraded by Fitch Ratings, which cited growing pressure from rivals Advanced Micro Devices (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>) and the company's ongoing struggle to maintain <a href="https://www.benzinga.com/markets/equities/25/07/46239376/nvidia-intel-broadcom-micron-amd-and-other-chipmakers-stand-to-benefit-as-trumps-tax-bill-increases-incentives-to-make-semiconductors-in-us">demand for its semiconductor products</a>.
<h2 class="wp-block-heading">Fitch Cuts Intel's Credit Rating To BBB With Negative Outlook</h2>
Fitch downgraded Intel's long-term credit rating one notch from BBB+ to BBB on Monday and assigned a negative outlook, placing the chipmaker just two notches above junk status, reported Reuters.
The agency said Intel's "credit metrics remain weak" and highlighted it needs stronger end-market demand, successful product ramps, and debt reduction over the next 12 to 14 months to regain its former rating.
Fitch analysts referred to the intense competition from AMD, Qualcomm, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), saying the company faces increased challenges in maintaining demand.&nbsp;
Despite Intel's strong market presence in PCs and enterprise servers, Fitch warned of higher execution risk and a relatively weaker financial structure, the report added.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/earnings/25/07/46601720/american-airlines-cfo-declares-worst-is-over-but-cautious-outlook-sinks-stock" target="_blank" rel="noreferrer noopener">American Airlines CFO Declares Worst Is Over, But Cautious Outlook Sinks Stock</a>
<h2 class="wp-block-heading">Intel's Financial Strain Persists Despite Revenue Beat</h2>
The downgrade follows <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46617195/intel-q2-earnings-revenue-beat-eps-miss-chipmaker-sees-clear-opportunities-to-enhance-competitive-position">Intel's second-quarter results</a>, which showed revenue of $12.86 billion, beating Wall Street's $11.91 billion forecast.
Still, the company posted an adjusted loss of 10 cents per share, missing expectations for a 1-cent profit. Client Computing revenue was down 3% year-over-year to $7.9 billion, while Data Center and AI rose 4% to $3.9 billion.
Fitch noted Intel's liquidity remains "solid," backed by $21.2 billion in cash and short-term investments and an untapped $7 billion credit revolver.
<h2 class="wp-block-heading">CEO Lip-Bu Tan Launches Massive Overhaul</h2>
Intel CEO Lip-Bu Tan, who took <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44767888/how-intels-ceo-pick-could-jolt-chip-stocks-and-etfs">the helm in March</a>, is leading a drastic restructuring. Intel plans to cut its global workforce by roughly 31%—from nearly 109,000 to <a href="https://www.benzinga.com/markets/tech/25/07/46621426/intel-ceo-says-hes-making-hard-but-necessary-decisions-as-chipmaker-announces-massive-layoffs-project-cancellations">75,000—by year-end</a>.
The Foundry division alone faces a <a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree">15–20% workforce reduction</a>. Intel is also relocating assembly operations from Costa Rica to Vietnam and Malaysia and delaying its long-anticipated Ohio chip facility.
Intel expects the third-quarter revenue to be between $12.6 billion and $13.6 billion and forecasts a 24-cent loss per share, worse than analyst expectations.
Price Action: Intel shares rose 0.98% during Monday's regular trading session and edged up an additional 0.0015% in after-hours trading, according to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0717">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings indicate that INTC maintains a downward trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Further performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04214713/Screenshot-2025-08-05-at-7.07.44%E2%80%AFAM.png" alt="" class="wp-image-1014139" /></a></figure>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Photo: Tada Images/ Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AVGO

INTC

NXPI

QCOM

Under AMD, Qualcomm Competitive Heat, Intel Gets Hit With Fitch Credit Downgrade

On Monday, Cathie Wood-led Ark Invest made significant trades involving Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). These trades highlight Ark&#8217;s strategic positioning in the tech and financial sectors.
<h2 class="wp-block-heading">The AMD Trade</h2>
The ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) funds increased their stake in AMD by purchasing 14,258 and 9,160 shares, respectively. The total value of AMD shares bought by Ark on this day amounts to $4.1 million. The stock closed at $176.78 for the day.
This move comes as AMD&#8217;s stock is <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46832330/amd-stock-is-rising-ahead-of-earnings-this-week-whats-fueling-the-momentum">gaining momentum</a> ahead of its earnings report. AMD&#8217;s CPUs are becoming increasingly popular among gamers, contributing to the stock&#8217;s rise.
<h2 class="wp-block-heading">The Nvidia Trade</h2>
Ark&#8217;s ARKQ and ARKX funds also made notable purchases of shares in the Jensen Huang-led company, acquiring 14,134 and 9,077 shares, respectively. The total value of the trade was $4.2 million as Nvidia stock ended Monday at $180.
This acquisition aligns with NVIDIA&#8217;s <a href="http://176.78">potential to expand its sales</a> in China, as highlighted by a BofA Securities analyst. The analyst maintained a Buy rating on NVIDIA, citing strong sales momentum and long-term earnings potential.
<h2 class="wp-block-heading">The Robinhood Trade</h2>
In a contrasting move, the Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>) fund sold 12,613 shares of Robinhood. This decision follows the <a href="https://www.benzinga.com/crypto/25/08/46823971/how-coinbase-robinhood-circle-could-benefit-from-the-secs-new-project-crypto">SEC&#8217;s announcement</a> of &#8220;Project Crypto,&#8221; which could potentially benefit Robinhood.
Ark&#8217;s Robinhood trade was valued at $1.3 million based on the stock&#8217;s closing price of $106.37 on Monday.
See Also: <a href="https://benzinga.com/markets/commodities/25/08/46824907/cash-rich-gold-sector-poised-for-shake-up-as-fed-pressure-builds" target="_blank" rel="noreferrer noopener">Cash-Rich Gold Sector Poised For Shake-Up As Fed Pressure Builds</a>
<h2 class="wp-block-heading">Other Key Trades:</h2>
<ul class="wp-block-list">
<li>Sold 1,793,477 shares of Blade Air Mobility Inc (BLDE) from ARKQ and 1,152,958 shares from ARKX.</li>
<li>Bought 35,435 shares of Twist Bioscience Corp (TWST) in ARKG and 255,838 shares in ARKK.</li>
<li>Acquired 31,361 shares of Teradyne Inc (TER) in ARKQ and 13,440 shares in ARKX..</li>
<li>Purchased 262,133 shares of Aurora Innovation Inc (AUR) in ARKQ.</li>
<li>Sold 26,057 shares of CRISPR Therapeutics AG (CRSP) from ARKG.</li>
</ul>
Benzinga&#8217;s Edge Stock Rankings show that Nvidia stock checks out on Short, Medium and Long Pricer Trends. Find out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how rival AMD stacks up.</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="276" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04213516/Screenshot-2025-08-05-at-10.35.01.png" alt="" class="wp-image-1014129" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04213516/Screenshot-2025-08-05-at-10.35.01.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/04213516/Screenshot-2025-08-05-at-10.35.01-300x188.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Photo Courtesy: ChrisStock82 on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/earnings/25/08/46820906/amazon-founder-jeff-bezos-loses-17-billion-following-companys-mixed-q2-earnings">Amazon Founder Jeff Bezos Loses $17 Billion Following Company&#8217;s Mixed Q2 Earnings</a></li>
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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>

ARKF

ARKX

HOOD

Cathie Wood Drops $8.3 Million On AMD And Nvidia In Monday Trading Blitz, Sells Robinhood Stock Amid 'Project Crypto' Buzz

An old interview clip of Nvidia Corporation CEO Jensen Huang resurfaced over the weekend, drawing admiration from Elon Musk, who labeled the tech leader's intense work ethic as simply "hardcore."
<h2 class="wp-block-heading">Nvidia CEO's 5 AM-To-9:30 PM Schedule</h2>
The video, originally released in November 2023 by Norges Bank Investment Management, features Huang sharing a candid look into his daily routine and mindset.
"I work every day. There's not a day that goes by that I don't work. And if I'm not working, I'm thinking about work," Huang told host Nicolai Tangen, the CEO of the bank.
He described waking up at 5 a.m. and going to bed by 9:30 p.m., underscoring the importance of both productivity and sleep.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46678704/tesla-co-founder-says-elon-musk-scrapping-25000-ev-for-the-dumpster-looking-cybertruck-left-him-disappointed" target="_blank" rel="noreferrer noopener">Tesla Co-Founder Says Elon Musk Scrapping $25,000 EV For The ‘Dumpster-Looking' Cybertruck Left Him Disappointed</a>
<h2 class="wp-block-heading">Huang Doesn't Need To Relax; He Is Always Relaxed</h2>
"Working is relaxing for me. Solving problems is relaxing for me. Achieving something is relaxing for me," Huang said. "And the most relaxing is just hanging out with my family."
"I relax in a lot of different ways. I&#8217;m pretty relaxed," he added.
When asked how he defines his intensity, Huang said, "There's hard work, and then there's insanely hard work&#8230; I'm on the insanely hard work end of the scale."
<h2 class="wp-block-heading">Elon Musk Praises Nvidia Chief</h2>
After the video was shared on X, formerly Twitter, Tesla CEO chimed in with a one-word response: "Hardcore." Musk himself has famously committed to <a href="https://www.benzinga.com/markets/tech/25/07/46288606/kevin-oleary-says-steve-jobs-was-not-a-nice-guy-but-taught-him-a-success-formula-that-elon-musk-now-uses">intense work routines</a>, at times sleeping in Tesla factories or server rooms to push progress.
<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">Hardcore &#x1f525;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1951942072925048907?ref_src=twsrc%5Etfw">August 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Billionaires Powering AI At All Costs</h2>
Huang, who co-founded Nvidia in 1993, currently has a net worth of $157 billion, with Nvidia surpassing the likes of Apple Inc. and Microsoft Corporation to become the world's most valuable company with a market cap of $4.39 trillion.
Musk, worth $357 billion, according to Bloomberg's Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>, is now personally overseeing Tesla's $16.5 billion AI6 chip deal with Samsung. "I will walk the line personally to accelerate the pace of progress," he said, hinting at his <a href="https://www.benzinga.com/markets/tech/25/07/46682096/elon-musk-said-he-would-walk-the-line-personally-following-16-5-billion-samsung-deal-is-this-a-return-to-wartime-ceo-mode">renewed hands-on focus</a>.
Read Next:
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<li><a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game" target="_blank" rel="noreferrer noopener">Apple May See Fewer Searches In Safari, But Google CEO Sundar Pichai Insists AI Is Fueling Overall Query Growth: ‘Far From A Zero-Sum Game'</a></li>
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Photo courtesy: jamesonwu1972 / Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jensen Huang Once Said, 'There's Hard Work And Then There's Insanely Hard Work' — Now, Elon Musk Calls It 'Hardcore'

When Randall called in to "<a href="https://www.youtube.com/watch?v=SuPLCppPvxs">The Ramsey Show</a>" to ask a financial question, it quickly turned into a conversation about family tension, legal ownership — and hitting a moose in Alaska.
The car in question belonged to Randall's father-in-law, or so it seemed at first. After an accident left the vehicle totaled, Randall received a surprisingly high $10,000 insurance payout. Now, he wants to know: Is it ethical — or even legal — to keep the money?
<h2 class="wp-block-heading">A Car, a Moose, and a Complicated Arrangement</h2>
Randall explained to hosts <a href="https://www.benzinga.com/personal-finance/management/25/07/46632365/you-cant-even-afford-rent-ramsey-hosts-clash-with-woman-trying-to-buy-an-rv-while-40k-in-debt">Ken Coleman</a> and George Kamel that he wrecked his father-in-law's vehicle in Alaska after colliding with a moose — something that's apparently not all that rare in his area.&nbsp;
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The bigger issue? It wasn't the first time he'd totaled one of his father-in-law's cars.
Two years earlier, the father-in-law had purchased the vehicle during a visit to see Randall and his family. Since then, the father-in-law hadn't returned, and Randall had been using and maintaining the car full-time.&nbsp;
At the time of purchase, they agreed that Randall would pay for insurance and upkeep. The car was registered and titled in Randall's name, with no mention of repayment or formal ownership.
<h2 class="wp-block-heading">Unexpected Insurance Windfall</h2>
Randall expected a modest payout for the "clunky" vehicle, around $3,000. But the insurance company valued it at $10,000. That's when the confusion — and tension — started. Although Randall is the titleholder and policyholder, his father-in-law now claims he is the rightful owner and wants the full payout.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
To complicate matters, Randall says his father-in-law began contacting the insurance company to get updates, even though the policy is under Randall's name. "He's the type that will cut off ties relationship-wise something like this," Randall told the hosts.
<h2 class="wp-block-heading">Legally Randall's Car — But What About Morally?</h2>
While legally the vehicle belongs to Randall — the title and insurance are in his name — the hosts emphasized that the deeper issue is about navigating a strained relationship.
<a href="https://www.benzinga.com/personal-finance/management/25/07/46607909/her-husband-believes-the-government-isnt-real-and-that-they-dont-have-to-pay-back-anything-so-they-didnt-and-now-owe-900k-in-total">Kamel</a> pointed out that the father-in-law essentially gave the car as a gift, since there was no agreement to repay the $3,500 he initially spent on it. "If you want to give him the $3,500 that he put into, that's fine," Kamel said. "And let that be off your conscience. But I'm not gonna give him a check for 10 grand."&nbsp;
Coleman added that while the father-in-law may feel entitled, the legal facts don't support that view. Still, the bigger question is what decision would preserve the family relationship. "You&#8217;re going to have to come down to not what is right in the grand sense of the word, but what is right for your relationship going forward," Coleman said.
See Also: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">Finding a Middle Ground</h2>
Ultimately, the hosts agreed that giving the father-in-law the original $3,500 might be the most practical solution. It acknowledges his initial contribution without handing over the full insurance payout.&nbsp;
As for the rest? Randall can decide whether to use it toward a new vehicle — or possibly to cover damage for the next moose encounter.
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
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