Ultime notizie per Fulgent Genetics (NASDAQ:FLGT) Azioni

Fulgent Genetics

Fulgent Genetics Inc is a technology company that focuses on genetic testing to provide physicians with clinically actionable diagnostic information. The company is engaged in laboratory services business and a therapeutic development business. The laboratory services business which generates key revenue includes, technical laboratory services and professional interpretation of laboratory results by licensed physicians. Its therapeutic development business is focused on developing drug candidates for treating a broad range of cancers. The geographical segments are the United States, which generates the vast majority of the revenue; and Foreign.

Fulgent Genetics Inc

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) revealed during its first quarter of 2025 earnings call that autonomous vehicles from Alphabet Inc.&#8216;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 unit are outperforming human drivers in terms of utilization rates in their Austin, Texas deployment.
What Happened: &#8220;The average Waymo in Austin is busier than 99% of Austin drivers as defined by the number of trips per day,&#8221; CEO Dara Khosrowshahi told investors during Wednesday&#8217;s call, indicating the company&#8217;s strategic bet on autonomous technology is yielding early operational advantages.
The rideshare giant <a href="https://www.benzinga.com/news/earnings/25/05/45252907/uber-sees-strong-trip-growth-but-warns-on-us-rideshare-pressure-in-2025-outlook">reported first-quarter earnings</a> per share of $0.83, while revenue was $11.53 billion.
Uber&#8217;s deployment in Austin currently involves approximately 100 Waymo vehicles, with plans to expand. The autonomous fleet is showing &#8220;very high utilization,&#8221; with consumers giving the service positive ratings. This performance comes as Uber has announced five autonomous driving partnerships in recent months spanning the U.S., Europe, and the Middle East.
&#8220;We are going to continue to increase the vehicle count in Austin, and we&#8217;re super excited for expansion in Atlanta as well,&#8221; Khosrowshahi added.
See Also: <a href="https://www.benzinga.com/markets/25/05/45274831/trump-tariff-pressure-reportedly-opens-global-doors-for-elon-musks-starlink-as-nations-rush-to-show-goodwill">Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk&#8217;s Starlink As Nations Rush To Show &#8216;Goodwill&#8217;</a>
Why It Matters: The company achieved a record adjusted EBITDA of $1.9 billion, up 35% year-over-year, while delivering strong trip growth of 19% for the third consecutive quarter. Monthly active users increased 14% to 170 million.
CFO Prashant Raja highlighted that insurance costs, a persistent headwind for the mobility sector, are moderating with March CPI for insurance showing 7% year-over-year growth, &#8220;the lowest we&#8217;ve seen in almost three years.&#8221;
Uber expects consistent top-line growth with improving margins for the remainder of 2025, focusing on what Khosrowshahi described as their &#8220;multiyear growth framework&#8221; across mobility, delivery, and newer market expansions.
Price Action: Uber stock closed at $83.65 on Tuesday, down 2.54% for the day. In after-hours trading, the stock edged up 0.14% to $83.77. Year to date, Uber shares have gained 32.42%.
Uber is showing stronger momentum compared to rival Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), but trails on certain growth metrics, according to Benzinga Edge Stock Rankings. The stock maintains a positive price trend in the short and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
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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: DenPhotos / Shutterstock.com

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Uber CEO Dara Khosrowshahi Says 'Average Waymo In Austin Is Busier Than 99%' Of Human Drivers

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) widely anticipated Pectra upgrade failed to have an immediate impact, with the second-largest cryptocurrency barely moving after its activation Wednesday.
What happened: ETH was up 0.96%, while trading volume rose scarcely by 0.52% over the last 24 hours.
According to IntoTheBlock, daily active addresses <a href="https://app.intotheblock.com/">decreased </a>by 0.25% in the last 24 hours, indicating a lukewarm response to the upgrade that brings significant changes to the Ethereum ecosystem.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45246100/bitcoin-to-hit-100000-soon-polymarket-bettors-are-putting-big-money-on-it">Bitcoin To Hit $100,000 Soon? Polymarket Bettors Are Putting Big Money On It</a>
However, in a note shared with Benzinga, analysts at cryptocurrency payment company B2BINPAY declared the upgrade a tailwind and a "strong" fundamental catalyst for ETH.
"Investors should be ready for potential price resistance in the $1,900–$2,000 range, where previous rejections have occurred in the beginning of April," the analytics team said. "Still, strong "tailwinds" from its internal network upgrade and improving global conditions could help the price break through the critical resistance zone and consolidate over $2,000."
Pectra introduces <a href="https://www.benzinga.com/25/05/45260729/ethereums-pectra-upgrade-goes-live-reshapes-wallet-logic-and-raises-security-and-bandwidth-concerns">sweeping changes across the Ethereum protocol</a>, most notably increasing the amount of ETH one can stake from 32 to 2,048.
Other significant changes include the ability to pay network transaction fees in stablecoins rather than ETH.
"While these changes are geared towards bolstering Ethereum&#8217;s infrastructure, short-term price movements may remain subdued due to market anticipation of the Federal Reserve&#8217;s interest rate decision," Grigore Roșu, founder &amp; CEO of Pi Squared, told Benzinga earlier today.
Price Action:  At the time of writing, ETH was exchanging hands at $1,862.80, up 2.2% 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>. Year-to-date, the cryptocurrency was down 43.90%
Photo Courtesy: VPLAB On Shutterstock.com
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Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul 'Tailwind' That Could Take ETH Above $2,000

On Wednesday, Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger acknowledged that Marvel Studios stretched itself too thin by producing too much content for streaming.
What Happened: Speaking on Disney's <a href="https://www.benzinga.com/25/05/45251203/disney-rides-strong-subscriber-growth-and-movie-hits-lifts-forecast-with-1-billion-streaming-goal">second-quarter 2025 earnings</a> call, Iger admitted that Marvel's heavy focus on producing content for Disney+ led to creative strain and diluted quality.
"We all know that in our zeal to flood our streaming platform with more content that we turned to all of our creative engines, including Marvel, and had them produce a lot more," Iger said, adding, "We've also learned over time that quantity does not necessarily beget quality."
To address this, Iger said Disney is now <a href="https://www.benzinga.com/general/entertainment/25/03/44518045/disney-assembles-avengers-x-men-fantastic-four-in-upcoming-marvel-movie">consolidating Marvel's efforts</a> and refocusing on theatrical films over Disney+ series. He highlighted "Thunderbolts" as the first example of this new approach.
See Also:&nbsp;<a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For ‘Ripping Off American Sellers&#8217; As Trump Tariffs Are Predicted To Boost Ecommerce Brands&#8217; Profits</a>
Why It's Important: Thunderbolts brought in <a href="https://www.benzinga.com/media/25/05/45199354/disney-marvels-thunderbolts-opens-to-162-million-globally">$76 million at the domestic box office</a> during its opening weekend across 4,330 theaters, with an additional $86.1 million earned internationally. The film was produced on a budget of roughly $180 million.
Since acquiring Marvel for $4 billion in 2009, Disney has seen a massive return on investment. All four Avengers films now sit among the 15 highest-grossing movies of all time. As of August 2024, Marvel has reportedly contributed an estimated $13.2 billion in value to Disney.
Last year, at San Diego Comic-Con, Marvel stunned fans with the unexpected announcement that Robert Downey Jr. would return to the MCU—not as Iron Man, but as the legendary villain Doctor Doom. Avengers: Doomsday is scheduled to hit theaters on May 1, 2026.
Disney released its fiscal second-quarter 2025 earnings on Wednesday, reporting a 7% year-over-year revenue increase to $23.62 billion, surpassing analyst expectations of $23.14 billion. The strong performance was fueled by gains in the company's Entertainment and Experiences segments.&nbsp;
Price Action: Disney shares dipped 0.088% in after-hours trading, settling at $102 at the time of writing, following a 10.76% surge during regular trading hours on Wednesday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga Edge Stock Rankings assigns Disney a solid growth score of 63.28%, highlighting the company's strong market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other stocks</a>.
Photo Courtesy: Miguel Lagoa On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Bob Iger Admits Marvel Lost Focus By Making Too Much Content, Saying 'Quantity Does Not Necessarily Beget Quality' — Here's What Disney Plans To Do Now

Countries facing U.S. tariffs are reportedly increasingly granting licenses and approvals to Elon Musk's Starlink — the satellite internet arm of SpaceX — as part of efforts to smooth trade relations with the Donald Trump administration.
What Happened: For example, just weeks after Trump announced a 50% tariff on goods from Lesotho, the small African nation approved Starlink's first-ever satellite internet license, set to last 10 years, <a href="https://www.washingtonpost.com/business/2025/05/07/elon-musk-starlink-trump-tariffs/?utm_campaign=wp_main&amp;utm_source=facebook,twitter&amp;utm_medium=social">reported</a> the Washington Post.&nbsp;
According to internal State Department cables obtained by the publication, Lesotho hoped the decision would "demonstrate goodwill and intent to welcome U.S. businesses" as it negotiated trade deals.
Lesotho isn't alone. Countries like India, Cambodia, Somalia, Bangladesh, Pakistan, Vietnam, and the Democratic Republic of Congo have also made <a href="https://www.benzinga.com/markets/25/03/44487526/elon-musks-starlink-gains-green-light-in-vietnam-to-begin-satellite-internet-service-trial">moves to accommodate</a> Starlink, often during or after trade talks.
See Also: <a href="https://www.benzinga.com/general/space/25/05/45163320/as-elon-musks-spacex-adds-28-starlinks-research-flags-climate-impact-from-deorbiting-satellites">As Elon Musk&#8217;s SpaceX Adds 28 Starlinks, Research Flags Climate Impact From Deorbiting Satellites</a>
In India, two sources familiar with the matter told the publication that <a href="https://www.benzinga.com/general/space/25/03/44244377/elon-musks-spacex-partners-with-airtel-to-launch-starlink-in-india-weeks-after-pm-narendra-modis-us-visit">Starlink approvals</a> were sped up in part because local officials believed it would help cement a broader trade deal with Washington.
While the U.S. government has not explicitly demanded regulatory favors for Starlink in exchange for lower tariffs, the cables show that Secretary of State Marco Rubio has instructed diplomats worldwide to advocate for American satellite companies, with Starlink often named directly, the report added.
This is part of the administration's efforts to counter Chinese and Russian telecom providers.
&#8220;The only consideration in the Trump administration's trade negotiations with other countries is what's best for the American people — which includes American companies succeeding at home and abroad,&#8221; White House spokesperson Kush Desai told the publication. &#8220;President Trump will not tolerate any conflicts of interest, and every administration official is following ethical guidelines set by their respective agencies.&#8221;
Why It's Important: Musk has contributed $277 million to Trump's campaign and other Republican candidates during last year's election cycle.
The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO also holds a position within the administration, overseeing the Department of Government Efficiency Service, although he has indicated plans to <a href="https://www.benzinga.com/news/management/25/05/45140155/musk-shifts-focus-back-to-tesla-says-doge-will-endure-without-him-is-buddha-needed-for-buddhism">step back from his day-to-day management role</a>.
Starlink has reached 5 million customers as of March. The explosive growth of Starlink has played a major role in propelling SpaceX's valuation to an estimated $350 billion as of December 2024, making it the most valuable privately held company in the world.
Despite this surge, some industry analysts remain cautious, questioning whether the company's sky-high <a href="https://www.benzinga.com/25/04/44731833/starlinks-challenges-poses-threat-to-the-high-valuation-of-elon-musks-spacex-report">valuation can be sustained</a> over the long term.
Read Next:
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Photo Courtesy: RossHelen On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

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Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk's Starlink As Nations Rush To Show 'Goodwill'

On Wednesday, Cathie Wood&#8216;s Ark Invest made notable trades involving Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), and Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>). These trades reflect Ark&#8217;s ongoing strategy to adjust its portfolio in response to market dynamics and company performance.
The Nvidia Trade saw Ark Invest making significant purchases of the Jensen-Huang-led tech giant. shares across its ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>), and ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>). NVIDIA, a leader in AI and graphics processing, has been experiencing a surge in its stock value, partially driven by <a href="https://www.benzinga.com/news/earnings/25/04/45121790/nvidia-stock-surges-after-hours-whats-going-on">strong earnings</a> from tech giants like Microsoft Corp and Meta Platforms Inc. On Wednesday, Ark Invest acquired 64,838 shares in ARKK, 11,464 shares in ARKQ, and 19,645 shares in ARKW. The firm also picked up 11,714 shares through ARKF. With NVIDIA&#8217;s stock closing at $117.06, the total value of these purchases is approximately $12.6 million. 
The AMD Trade involved Ark Invest buying shares of the chipmaker across multiple ETFs, including ARKK, ARKQ, ARKW, and ARKX. AMD has been gaining traction in the data center and AI chip markets, buoyed by a <a href="https://www.benzinga.com/markets/equities/25/05/45244462/amazon-acquires-844-million-stake-in-amd-amid-ai-chip-expansion">recent strategic investment</a> from Amazon.com Inc. On Wednesday, Ark Invest purchased 74,648 shares in ARKK, 13,198 shares in ARKQ, 22,617 shares in ARKW, and 4,118 shares in ARKX. With AMD&#8217;s stock closing at $100.36, the total value of these acquisitions is approximately $11.5 million. 
The Palantir Trade saw Ark Invest reducing its stake in the Alex Karp-led company across several ETFs, including ARKF, ARKK, ARKQ, ARKW, and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>). Despite Palantir&#8217;s strong first-quarter earnings, its stock has <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">faced downward pressure</a>. On Wednesday, Ark Invest sold 12,217 shares in ARKF, 270,498 shares in ARKK, 23,914 shares in ARKQ, 3,731 shares in ARKX, and 40,980 shares in ARKW. With Palantir&#8217;s stock closing at $110.48, the total value of these sales is approximately $38.8 million. Notably, Wood had <a href="https://www.benzinga.com/25/05/45242668/cathie-wood-sells-41-million-worth-of-palantir-shares-following-post-earnings-plunge">sold $41 million</a> worth of Palantir shares on Tuesday. Palantir is now Ark's fifth-largest holding, making up 6.62% of the portfolio with a total value of $324.4 million.
The Tempus AI Trade involved Ark Invest purchasing shares of the company through its ARKK ETF. Tempus AI, a company focused on precision medicine, recently reported strong first-quarter results, leading to a surge in its stock price. On Wednesday, Ark Invest acquired 75,020 shares of Tempus AI. With the stock closing at $58.76, the total value of this purchase is approximately $4.4 million. Tempus AI&#8217;s performance has been promising, with the company&#8217;s <a href="https://www.benzinga.com/general/health-care/25/05/45238450/tempus-ai-q1-earnings-revenue-beat-eps-beat-raised-fy-guidance-shares-surge">first-quarter revenue</a> coming in at $255.74 million, beating estimates of $248.13 million.
Other Key Trades:
<ul>
<li>Ark Invest bought shares of CRISPR Therapeutics AG in ARKK and ARKG.</li>
<li>Ark Invest sold shares of Arcturus Therapeutics Holdings Inc. in ARKG.</li>
<li>Ark Invest acquired shares of GitLab Inc. in ARKK.</li>
</ul>
AMD or Nvidia? Make decisions like that easier by getting the full picture. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to check out Benzinga Edge Stock Rankings
<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="438" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15.png" alt="" class="wp-image-906946" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15.png 438w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07221135/Screenshot-2025-05-08-at-11.11.15-300x192.png 300w" sizes="(max-width: 438px) 100vw, 438px" /></a></figure>
Photo Courtesy: viewimage on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood Strengthens AI Chip Holdings With Nvidia And AMD Purchases, Reduces Palantir Position By Another $38.8 Million

Leading cryptocurrencies traded sideways on Wednesday, as the Federal Reserve <a href="https://www.benzinga.com/government/regulations/25/05/45266366/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode">warned of macroeconomic dangers</a> from President Donald Trump&#8217;s tariff moves.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:00 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.53%</td>
<td>$98,018.94</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>-0.89%</td>
<td>$1,830.59</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.88%</td>
<td>$0.1721</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin encountered tough resistance in the mid-$97,000s throughout the day before breaking the barrier overnight and recovering $98,000 for the first time since Feb. 21.
Bitcoin's market dominance rose to a yearly high of 64.4%, signaling continued capital rotation from other assets to the apex cryptocurrency.
Ethereum recovered after falling to an intraday low of $1,788.69 in a turbulent trading session that saw volume soar up to 220%.
Over $184 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for the majority.
Bitcoin's Open Interest dropped marginally by 0.78% in the last 24 hours. Interestingly, over 63% of the Bitcoin derivatives traders on Binance bet against the leading cryptocurrency.
The "Greed" sentiment prevailed in the market, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Eos (EOS)</td>
<td>+16.78%</td>
<td>$0.8168</td>
</tr>
<tr>
<td>Stacks (STX)</td>
<td>+9.62%</td>
<td>$0.892</td>
</tr>
<tr>
<td>Zcash (ZEC)</td>
<td>+5.10%</td>
<td>$40.32</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3 trillion, following a 0.20% contraction in the last 24 hours.
Stocks staged a pullback on Wednesday. The Dow Jones Industrial Average rose 284.97 points, or 0.70%, to end at 41,113.97. The S&amp;P 500 gained 0.43% to close at 5,631.28, while the tech-focused Nasdaq Composite spiked 0.27%, ending at 17,738.16.
Fed Chair Jerome Powell flagged concerns that Trump's tariff measures could lead to higher inflation, weaker growth, and a rise in unemployment. This came after the central bank&#8217;s widely predicted decision to maintain interest rates at 4.25%-4.50%.
Additionally, shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) climbed late in the day on reports that the Trump administration plans to <a href="https://www.benzinga.com/news/global/25/05/45269811/chip-stocks-rise-as-trump-reportedly-plans-to-roll-back-biden-era-ai-export-curbs">scrap Biden-era AI chip curbs</a>.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Rekt Capital stated that the altseason, which occurs when altcoins outperform Bitcoin in price gains, would begin once Bitcoin dominance hits the 71% ceiling, about 6% away from current value.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Dominance If history repeats, the real Altseason everybody is waiting for would begin once Bitcoin Dominance rejects from 71% (red) And right now, 71% is only ~6% away<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw">#Altseason</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/29vBkhA5aj">pic.twitter.com/29vBkhA5aj</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1920102471851995590?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
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Cryptocurrency expert and trader Michaël van de Poppe expressed optimism in Ethereum&#8217;s short-term prospects, stating that the cryptocurrency was holding above a &#8220;crucial&#8221; level.
"I think we&#8217;ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks," the analyst said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is hodling above the crucial level and starts to bounce upwards. I think we&#39;ll be about to witness a big breakout to $2,100 in the coming 1-2 weeks. <a href="https://t.co/p10vYV6ueX">pic.twitter.com/p10vYV6ueX</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1920059784788918717?ref_src=twsrc%5Etfw">May 7, 2025</a></blockquote>
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Photo Courtesy: alfernec on Shutterstock.com
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Movers

Trading Ideas

$DOGE

Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above 'Crucial Level' And Begins Its 'Bounce Upwards'

Amazon.com, Inc. founder Jeff Bezos has long admired Sony Group Corporation's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) mission to transform Japan's reputation for quality, and its legacy has also delivered impressive long-term gains for investors.
What Happened: In a 2012 interview with host Charlie Rose, Bezos highlighted Sony's postwar mission as a rare example of a company setting a purpose bigger than itself.
"Right after World War II, Akio Morita — the guy who founded Sony — set as the mission for Sony that they were going to make Japan known for quality," Bezos said.
"You have to remember, this was a time when Japan was known for cheap, copycat products. And Morita didn't say, ‘We're going to make Sony known for quality.' He said, ‘We're going to make Japan known for quality.' He chose a mission for Sony that was bigger than Sony."
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Bezos explained that this philosophy inspired Amazon's own mission to become "Earth's most customer-centric company," aiming for impact far beyond its own bottom line.
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Why It's Important: Sony was founded on May 7, 1946, in Tokyo, Japan, by engineer Masaru Ibuka and physicist Akio Morita. As of today, May 7, 2025, the company marks its 79th anniversary.
Originally named Tokyo Tsushin Kogyo K.K., Sony started by repairing radios and soon became a global pioneer in electronics, entertainment, and gaming.
If you had invested $1,000 in Sony stock exactly 40 years ago, on May 7, 1985, you would now hold an investment worth approximately $21,203, accounting for all the adjustments.
What&#8217;s Next: Today, Sony's semiconductor division remains the world's largest image sensor supplier, providing key components for devices like Apple Inc.'s iPhones — though this may change, as reports suggest Cupertino plans to switch to Samsung Electronics' camera sensors as early as 2026.
Still, in 2024, Sony marked a major milestone, announcing it had <a href="https://www.benzinga.com/markets/emerging-markets/24/12/42552200/sony-semiconductor-hits-20-billion-image-sensor-shipments-plans-expansion">shipped over 20 billion image sensors</a>, doubling its total in just five years since reaching 10 billion units in May 2019.
The company behind PlayStation is expected to report its fourth-quarter earnings on May 13, 2025. In its previous earnings <a href="https://www.benzinga.com/25/02/43700230/sony-q3-earnings-beats-expectations-raises-outlook-as-ps5-sales-and-streaming-revenues-climb">report for the third quarter</a>, Sony posted strong results.
The company's total sales grew 18% compared to the same period last year, reaching $28.97 billion (4.41 trillion yen), higher than analysts&#8217; expectations of $23.78 billion.
During the same quarter, Sony&#8217;s music business grew strongly, with revenue rising 14% to ¥481.7 billion and profit (operating income) jumping 28% to ¥97.4 billion. The company's film and TV segment also did well, with revenue up 9% to ¥398.2 billion.&nbsp;
Sony, which was listed on the New York Stock Exchange in 1970, currently has a market capitalization of $155 billion, making it the 99th most valuable company in the world by market cap. Over the past year, Sony shares have surged by 53.21%, and they are up 18.63% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Photo Courtesy: Lev Radin on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Sony Group Corporation American Depositary Shares

SONY

Jeff Bezos Once Admired How Sony Set Out To Change Japan's Image After World War II — And If You'd Put $1,000 Into The Company's Stock 40 Years Ago, Here's How Much You'd Have Today

She embodies the American nightmare, "Shark Tank" investor Kevin O'Leary said of Rep. Alexandria Ocasio-Cortez (D-NY) during an April 25 appearance on CNN's "<a href="https://www.youtube.com/shorts/PUCX1IQypgQ">NewsNight</a>."
O&#8217;Leary argued that AOC&#8217;s views on wealth and capitalism contrast with what he considers the American dream, which he believes should be exemplified by leaders like Elon Musk and Mark Zuckerberg. The conversation quickly made its way to social media, reigniting a fierce debate around capitalism and economic aspiration in the U.S.
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<h2 class="wp-block-heading">&#8216;The American Dream Is Our No. 1 Export&#8217;</h2>
O&#8217;Leary expanded on his message in an <a href="https://www.instagram.com/reel/DI6l_uypsx5">Instagram reel</a> posted two days later, saying, &#8220;The ambassador of America, the CEO, the president—they have to embody the American dream. That&#8217;s their number one job.&#8221;
He stressed that this responsibility shapes how the world sees the U.S. &#8220;Our number one export is not technology or energy. It&#8217;s the American dream. People come to America to achieve the American dream,&#8221; he added.
He emphasized that public figures should reflect ideals of growth and success, not opposition to wealth-building. His remarks targeted what he sees as the dangers of anti-capitalist sentiment among political leaders.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
<h2 class="wp-block-heading">AOC&#8217;s $39.95 Shirt And 82% Margin</h2>
Though critical, O&#8217;Leary acknowledged the business savvy behind AOC&#8217;s own brand. He referenced her popular &#8220;Tax the Rich&#8221; T-shirts, priced at $39.95, saying during the Instagram clip, &#8220;I buy her T-shirts. She has an 82% margin on that, proving that inside of every socialist is a capitalist trying to get out.&#8221;
Her remarks drew attention to the contradiction he sees in leveraging capitalist tools—like merchandise—for a message that challenges wealth accumulation.&nbsp;
<h2 class="wp-block-heading">Musk And Zuckerberg As Capitalist Role Models</h2>
O&#8217;Leary also pointed to entrepreneurs like Musk, CEO of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Zuckerberg, who leads Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) as prime examples of the American dream realized. In a January &#8220;NewsNight&#8221;<a href="https://transcripts.cnn.com/show/cnap/date/2025-01-15/segment/01"> interview</a>, he said, &#8220;Zuck was a college student once. Look what he&#8217;s created. Musk may be the most successful entrepreneur in history.&#8221;
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Musk and Zuckerberg were praised by O'Leary not just for their wealth but for their broader impact—job creation, tax contributions, and technological innovation. &#8220;We should be celebrating this,&#8221; O&#8217;Leary added.
<h2 class="wp-block-heading">A New Generation With A New Dream</h2>
While O&#8217;Leary defends traditional capitalist values, younger Americans appear to be shifting priorities. <a href="https://static1.squarespace.com/static/633f0603fdaa7311ba384d21/t/6797d9c1641c8612e8a46b1a/1738004946123/CSS_AmericanDreamReport.pdf">A recent study</a> from the University of California, Los Angeles, found that today&#8217;s workers are less focused on amassing wealth and more concerned with financial security, work-life balance, and mental health.
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<li>Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.</li>
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Image: Shutterstock

Personal Finance

Kevin O'Leary Slams Anti-Capitalist Views – 'AOC Embodies The American Nightmare' While Musk And Zuckerberg Represent 'Hope'

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.21 by 4.76 percent. This is a 122.22 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $290.10 million which missed the analyst consensus estimate of $291.00 million by 0.31 percent. This is a 44.40 percent increase over sales of $200.90 million the same period last year.

Earnings

Earnings Misses

Fortuna Silver Mines Q1 Adj. EPS $0.20 Misses $0.21 Estimate, Sales $290.10M Miss $291.00M Estimate

The Company Intends to Request a Review of the Delisting Determination
CRANBURY, N.J., May 7, 2025 /PRNewswire/ -- Palatin Technologies, Inc. ("Palatin" or the "Company"), a biopharmaceutical company developing first-in-class medicines targeting the melanocortin receptor system, today announced that it has received a notice from the NYSE American LLC ("NYSE American") stating that the NYSE Regulation has determined to commence proceedings to delist Palatin's common stock. The notice, issued under Section 1003(f)(v) of the NYSE American Company Guide, cites the low selling price of Palatin's common stock as the basis for delisting.

Palatin Technologies Announces Transition To OTC Pink Market Under Ticker Symbol "PTNT" Beginning On May 8, 2025.

First Majestic Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.06 by 16.67 percent. This is a 183.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $243.90 million which beat the analyst consensus estimate of $241.00 million by 1.20 percent. This is a 130.06 percent increase over sales of $106.01 million the same period last year.

Earnings Beats

First Majestic Silver Q1 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $243.90M Beat $241.00M Estimate

President Donald Trump stated, on Wednesday, that he has no intention of easing the 145% tariff on Chinese imports.
What Happened:  During an Oval Office press session, he was asked about the possibility of reducing tariffs, to which he replied, "No,&#8221; <a href="https://thehill.com/homenews/administration/5288978-trump-says-he-wont-soften-china-tariffs-ahead-of-trade-talks/">reported</a> The Hill.
In April, the Trump administration announced reciprocal tariff exemptions on electronics, including phones and computers, from China and other countries. However, when questioned about extending these exemptions to products like car seats, Trump dismissed the idea, emphasizing simplicity in tariff policies.
His remarks were made during the swearing-in ceremony for David Perdue, the new U.S. ambassador to China. The comments come just days before a <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">planned meeting with Chinese officials</a>, Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer.
Overseas leaders had suggested that U.S. senior leadership was open to negotiating tariffs, but Trump refuted this claim, urging them to review their records. 
&#8220;They said we initiated? Well, I think they ought to go back and study their files,&#8221; said Trump, according to the report.
He reiterated that any reduction in tariffs would require China's cooperation in halting fentanyl imports, a drug linked to a national emergency declared by the White House.
See Also: <a href="https://benzinga.com/news/earnings/25/05/45175522/this-week-in-cannabis-maryland-opens-lounges-dea-wavers-retail-trends-shift-and-more" target="_blank" rel="noreferrer noopener">This Week In Cannabis: Maryland Opens Lounges, DEA Wavers, Retail Trends Shift And More</a>
Why It Matters: The upcoming trade talks in Geneva, Switzerland, mark a significant moment in the ongoing U.S.-China trade conflict. This will be the first major face-to-face discussion since the trade war began, involving Bessent and Greer meeting with senior Chinese officials. The talks are crucial as they could potentially reshape the economic landscape between the two nations.
Amidst these developments,&nbsp;<a href="https://www.benzinga.com/25/05/45246445/china-warns-us-not-to-use-coercion-and-extortion-tactics-ahead-of-first-major-trade-talks-in-geneva-says-it-will-never-accept-it-if-americans-use-dialogue-as-smokescreen">China has issued a warning</a>&nbsp;to the U.S. against using coercion tactics during the negotiations, emphasizing that any dialogue should not serve as a &#8220;smokescreen&#8221; for extortion. This highlights the tension and high stakes involved in the discussions.
Furthermore, <a href="https://www.benzinga.com/25/05/45245680/trump-to-reportedly-lower-china-tariffs-to-60-in-coming-weeks-predicts-investment-strategist-could-be-the-last-big-upside-catalyst-for-a-while">speculation about potential tariff reductions</a> has been circulating, with some analysts predicting a decrease to 60% in the coming weeks. 
However, Trump&#8217;s recent statements suggest that any such move would be contingent on significant concessions from China, particularly regarding the fentanyl crisis, according to The Hill report.
Photo Courtesy: Joshua Sukoff On Shutterstock.com
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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>

Politics

Economics

General

'No' — Trump Shuts Down Tariff Rollback Buzz Ahead of China Talks

LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) reported quarterly sales of $43.95 million which beat the analyst consensus estimate of $43.77 million by 0.41 percent.

LandBridge Q1 Sales $43.95M Beat $43.77M Estimate

WIIM

STAA

STAA stock has given up its prior loss. STAAR Surgical shares were trading lower after the company reported mixed Q1 financial results.

Mark Cuban took a jab at the potential economic fallout from President Donald Trump's aggressive trade policy this week with a sarcastic solution to tariff-driven <a href="https://www.benzinga.com/content/44657977/grocery-costs-and-tariffs-now-top-of-mind-in-everyday-conversations-new-survey-finds">food shortages</a>: replace fresh produce with processed snacks.
<h2 class="wp-block-heading">Snacks Instead of Produce as Tariff Tensions Grow</h2>
&#8220;Any company that can replace a tariffed product with an American made is going to flourish,&#8221; Cuban wrote on <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lo4o3xv7js2f">Bluesky</a>. &#8220;Can't get tomatoes or avocados, Twinkies and Ho-Hos are made in US bakeries and are the perfect replacement!!! Pay no attention to the price increase. They never go bad!&#8221;
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Cuban's post came as retailers warn of growing disruptions tied to <a href="https://www.benzinga.com/personal-finance/25/05/45183970/behind-the-empty-docks-how-trumps-145-tariffs-are-gutting-u-s-supply-chains">Trump's 145% tariff</a> on most Chinese imports, which has already caused a sharp drop in incoming shipments. Freight vessel arrivals at the Port of Los Angeles are on track to be down 35% year-over-year for the week ending May 10, according to <a href="https://volumes.portoptimizer.com/">Port Optimizer</a>.
That supply squeeze could leave store shelves empty in the coming months, with shortages expected for everyday goods like apparel, toys, low-cost footwear, and some food products, including apple juice and fish.
Retailers are also struggling to price products amid the uncertainty. "They're making their holiday buying decisions now," Jonathan Gold, vice president of supply chain and customs policy for the National Retail Federation, told <a href="https://www.nbcnews.com/politics/economics/product-shortages-empty-store-shelves-loom-falling-shipments-china-rcna202812">NBC News</a> in late April. "It's a challenge for folks to figure out how to properly order and price with all the uncertainty that's out there on the tariffs.&#8221;
Trending: Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.
Small businesses, in particular, are feeling the pinch. Jessica Berger, founder of the pet company Bundle x Joy, said her latest shipment from China came with a $180,000 tariff bill. &#8220;Luckily for me, I have the resources, but six months ago, I wouldn't have. It would potentially have put me out of business,&#8221; she told NBC News.
Cuban also warned on X that the broader impact of these policies will hit hardest in smaller communities.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Recessions don't hit all parts of the country equally. IMO, small cities, towns and states will get hit the worst. And it won't be pretty. They are more dependent on federal spending, so they will feel the brunt of federal spending cuts and job reductions disproportionately.…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1918794980690387056?ref_src=twsrc%5Etfw">May 3, 2025</a></blockquote>
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&#8220;Recessions don't hit all parts of the country equally. IMO, <a href="https://www.benzinga.com/markets/25/03/44569043/mark-cuban-warns-of-red-rural-recession-as-hundreds-of-small-town-maga-supporters-reportedly-lose-fe">small cities, towns and states</a> will get hit the worst. And it won't be pretty,&#8221; he <a href="https://x.com/mcuban/status/1918794980690387056">wrote</a> on Sunday.
See Also: Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history—<a href="https://www.benzinga.com/money/big-tech-has-spent-billions-acquiring-ai-smart-home-startups-one-company-stands-to-benefit-and-has-already-made-10-million">invest in RYSE at just $1.90/share.</a>
He explained that smaller areas rely more on federal spending and are more expensive to reach, making them especially vulnerable to tariff-driven price hikes and shipping cuts. "They will see fabrics of their communities cut. The local museum. The local health clinic. And so much more cut."
Cuban added that these struggles won't show up in <a href="https://www.benzinga.com/markets/equities/25/05/45187535/scott-bessent-defends-trumps-economic-agenda-as-engine-designed-to-drive-economic-growth-despite-gdp-contraction-and-falling-approval">national GDP figures</a>. &#8220;They will play out in the small town newspapers (that are left) across the country.&#8221;
Trump has said he&#8217;s considering reducing tariffs after <a href="https://www.benzinga.com/25/04/44920573/ceos-of-walmart-target-home-depot-meet-trump-to-push-back-on-tariffs-impacting-consumer-prices">meeting with major retailers</a> in April, though no formal steps have been taken. Experts warn that even if tariffs are rolled back soon, the damage to supply chains may take months to undo.
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Image: Shutterstock

Can't Get Tomatoes Or Avocados Because Of Tariffs? Mark Cuban Jokes That Twinkies And Ho-Hos Made In US Bakeries Are The Perfect Replacement

Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) has outperformed the market over the past 20 years by 3.94% on an annualized basis producing an average annual return of 12.1%. Currently, Check Point Software has a market capitalization of $24.29 billion. 
Buying $1000 In CHKP: If an investor had bought $1000 of CHKP stock 20 years ago, it would be worth $9,838.31 today based on a price of $220.87 for CHKP at the time of writing.
<h3>Check Point Software's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746661513_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHKP

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

GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) has outperformed the market over the past 10 years by 10.87% on an annualized basis producing an average annual return of 21.2%. Currently, GoDaddy has a market capitalization of $25.29 billion. 
Buying $100 In GDDY: If an investor had bought $100 of GDDY stock 10 years ago, it would be worth $713.05 today based on a price of $183.11 for GDDY at the time of writing.
<h3>GoDaddy's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746660611_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GDDY

Here's How Much You Would Have Made Owning GoDaddy Stock In The Last 10 Years

Amplitude (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPL#NASDAQ">AMPL</a>) reported quarterly sales of $79.95 million which beat the analyst consensus estimate of $79.75 million by 0.25 percent. This is a 10.09 percent increase over sales of $72.62 million the same period last year.

AMPL

UPDATE: Amplitude Q1 Adj. EPS $0.00 Beats $(0.01) Est., Sales $79.95M Beat $79.75M Estimate

ACV Auctions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACVA#NASDAQ">ACVA</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $(0.12) by 133.33 percent. This is a 3900 percent increase over earnings of $0.00 per share from the same period last year. The company reported quarterly sales of $182.70 million which beat the analyst consensus estimate of $182.07 million by 0.34 percent. This is a 25.40 percent increase over sales of $145.69 million the same period last year.

ACVA

UPDATE: ACV Auctions Q1 Adj. EPS $0.04 Beats $(0.12) Estimate, Sales $182.70M Beat $182.07M Estimate

<a href="https://www.benzinga.com/personal-finance/25/02/43718032/warren-buffett-was-asked-how-a-regular-person-gets-rich-he-detailed-exactly-how-hed-make-30-billion-starting-over-with-only-10000">Warren Buffett</a> has spent decades sizing up the world's sharpest business minds. He's outlasted rivals, spotted winners early, and—let's be honest—become a billionaire many times over doing it. But even Buffett knows when it's time to tip his hat.
And for him, nobody earns that gesture quite like Jeff Bezos.
Buffett has openly admired fellow top-ranking billionaire Bezos for years. While he didn't invest in Amazon early—something he's joked about regretting—Buffett never underestimated Bezos' rare genius.
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In a <a href="https://www.cnbc.com/2016/05/02/warren-buffett-says-hes-in-awe-of-jeff-bezos-genius.html">2016 CNBC interview</a>, Buffett said, "There are certain people you do not want to try to beat at their own game and certainly Jeff Bezos would be No. 1."
What set Bezos apart? It wasn't a shiny new invention or some scientific breakthrough. "It isn't that [Bezos has] gotten some breakthrough or found some molecule or come up with some incredible invention," Buffett explained. Instead, Bezos had "shown an amazing talent" by taking everyday things people already bought and "figuring out a way to make people happier buying those products."
"That's remarkable," Buffett added.
By 2017, Buffett's admiration only deepened. Speaking again to CNBC, he called Bezos "the most remarkable business person of our age."&nbsp;
What amazed him most was Bezos' ability to dominate two wildly different industries at once: online retail and cloud computing. "I've never seen a guy <a href="https://www.benzinga.com/news/25/04/45074825/jeff-bezos-says-an-employee-looked-at-me-like-i-was-the-stupidest-person-theyd-ever-seen-then-offered-a-simple-idea-that-changed-amazon">succeed in two businesses almost simultaneously</a> that are really quite divergent in terms of customers and all the operations," Buffett said. "I can't think of another example like it."
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Buffett even admitted he underestimated Amazon's potential. "<a href="https://www.benzinga.com/startups/24/09/40693497/warren-buffett-admitted-he-was-too-dumb-and-an-idiot-for-not-investing-in-amazon-early-on-but-finall">I was too dumb to realize what was going to happen</a>," he said, calling himself out for missing the early boat. "I underestimated the brilliance and the execution."
Eventually, Berkshire Hathaway got on board. The company purchased its first Amazon shares in early 2019. As of May 2025, Berkshire holds about 10 million Amazon shares—worth roughly $2.19 billion.&nbsp;
Buffett clarified that the buy wasn't his idea but came from one of Berkshire's younger investment managers, a sign of the firm's evolving approach toward growth and tech stocks.
So while Buffett may have arrived late to Amazon's meteoric rise, he backed the man he calls unbeatable—and the most remarkable business mind of his time.
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<li>Donald Trump just announced a $500 billion AI infrastructure deal — <a href="https://www.benzinga.com/money/seize-a-share-while-you-still-can-in-the-2-trillion-entertainment-market-with-elf-labs-at-just-2-25-share">here's how you can invest in the entertainment market's next big disruptor at $2.25 per share</a>.</li>
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Image: Shutterstock

'Jeff Bezos Would Be No. 1' — Warren Buffett Says Some People You Shouldn't Even Try to Beat, Praises Him As 'Most Remarkable Business Person'

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