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General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2024's share was 17.0%. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.

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'China Grants Export Licenses To Rare Earth Suppliers Of Top Three U.S. Automakers, Valid For Six Months, Sources Say' - Reuters Exclusive

Detroit&#8217;s automakers are hitting speed bumps &#8211; and they're made of steel. Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) tumbled 3.7% and 4.1% respectively on the day the U.S. announced <a href="https://www.benzinga.com/news/topics/25/05/45708977/trump-doubles-steel-tariffs-to-50-saying-it-will-secure-american-jobs-backs-us-steels-takeover-by-japans-nippon">50% tariffs on imported steel</a> and aluminum. 
The market didn't wait for earnings calls &#8211; investors immediately priced in the hit to margins.
<h2 class="wp-block-heading">Steel Tariffs Could Add $200-$400 To Per Vehicle Cost</h2>
Tracy Shuchart of NinjaTrader says these fears are justified. &#8220;Steel and aluminum represent 15–20% of total vehicle production costs,&#8221; she said in exclusive insights shared with Benzinga over an email interview. &#8220;For a typical mid-size sedan, we&#8217;re looking at roughly $800–$1,200 in steel content per vehicle. A 50% tariff could easily add $200–400 to vehicle production costs.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Trump&#8217;s 50% Steel Tariff Could Drive Up The Costs For Automakers: &#8216;Almost $2,000 Of Cost For Each Car&#8217;</a>
<h2 class="wp-block-heading">Why Ford, GM Investors Should Brace For Impact?</h2>
Ford and GM are particularly vulnerable because of their long-term supply agreements with Canadian steelmakers, who now face full tariffs. While domestic producers celebrate, automakers will need to renegotiate contracts, seek alternative supply chains, or pass costs onto consumers &#8211; a tough sell in an already competitive EV market.
&#8220;Ford and GM are particularly vulnerable because they source significant steel volumes from Canada under existing supply agreements that will now face the full tariff impact,&#8221; Shuchart said.
Investors who believe these pressures may persist might consider short-term hedges or adding exposure to raw material producers like Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) and Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) instead.
For ETF-watchers, the Global X U.S. Infrastructure Development ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAVE#NYSE">PAVE</a>) offers a blend of industrials and materials exposure that may benefit from rising domestic steel prices.
With tariff-driven cost inflation now a reality, automakers will need to prove they can protect margins without stalling innovation. Until then, the road ahead looks steep.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45766967/us-aluminum-tariffs-risk-supply-chain-and-food-security-industry-insiders-warn">US Aluminum Tariffs Risk Supply Chain And Food Security, Industry Insiders Warn</a></li>
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EXCLUSIVE: Ford, GM Just Hit A Tariff Wall - Will Margins Crumple On Cost Pressures?

The U.S. Vehicle Suppliers Association has called for immediate measures to address China&#8217;s limited rare earths exports, warning of potential disruptions in auto parts production.
What Happened:&nbsp;The Motor &amp; Equipment Manufacturers Association (MEMA) issued a statement on Wednesday, urging prompt action to resolve the issue of China&#8217;s&nbsp;restricted exports of rare earths,&nbsp;minerals, and magnets. The association warned that the situation could quickly disrupt the production of auto parts,&nbsp;Reuters&nbsp;reported.
China, which dominates more than 90% of the world's rare earth processing capacity, imposed export restrictions in April, mandating that companies secure licenses from Beijing. These measures came in response to a trade war that began when President Donald Trump introduced tariffs on Chinese goods.
The MEMA, in its statement, highlighted the &#8220;serious, real-time risks&#8221; faced by parts companies due to the unresolved situation.&nbsp;The association stressed the immediate need for strong action to avoid major disruptions and economic consequences throughout the vehicle supplier industry.
The report states that the U.S. auto industry is already experiencing the effects of these restrictions. In May, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was forced to suspend production of its Explorer SUV at its Chicago plant for a week due to a shortage of rare-earth materials. 
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Why It Matters: The restrictions on rare-earth magnets from China have been a <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">cause for concern</a> for global automakers, potentially leading to factory closures within weeks.&nbsp;
During early May, auto suppliers and trade groups representing major automakers, including General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen and Hyundai, warned that Chinese restrictions on key materials could seriously disrupt the production of essential automotive components.
Jim Cramer, renowned CNBC host, also raised concerns about China's <a href="https://www.benzinga.com/markets/commodities/25/06/45784952/jim-cramer-says-the-chinese-could-really-hurt-us-as-beijing-tightens-grip-on-rare-earth-magnets-warns-of-threat-to-everything-from-autos-to-data-centers">tightening grip</a> on the rare-earth supply chain, which poses a critical risk to U.S. industries.
That being said, industry experts believe that the U.S. has multiple options to establish a domestic supply chain for rare earths within the<a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges"> next five </a>years, but warn that the process is fraught with challenges.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/legal/25/06/45786428/trump-shuts-the-door-on-permanent-immigration-and-most-visas-from-these-12-nations" target="_blank" rel="noreferrer noopener">Trump Shuts The Door On Permanent Immigration And Most Visas From These 12 Nations &#8211; Benzinga</a></li>
</ul>
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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.

US Auto Suppliers Urge Immediate Action To Tackle China's Rare Earths Restrictions Amid 'Serious, Real-Time Risks'

Automakers worldwide have criticized China's restrictions on rare earth minerals and magnets, which are crucial to automotive production, amid ongoing U.S.-China trade tensions.
What Happened: Automakers from the U.S., Europe, Japan, and India have raised alarms over China's export curbs on raw materials critical to vehicle production, Reuters reported on Tuesday.
Beijing's decision to restrict exports came in as a retaliatory measure to U.S. President Donald Trump's 145% tariffs levied on Chinese goods imported into the country. The ongoing trade tensions have severely disrupted the global economy.
A trade group representing General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and other manufacturers had written to the Trump administration about the threat of China's curbs on exports, the report suggests.
"If the situation is not changed quickly, production delays and even production outages can no longer be ruled out," an expert representing German automakers said in the report.
The report also suggests that a business delegation from Japan will arrive in the country in the coming days to meet with Chinese officials, while officials from the EU are also expected to meet with the Chinese government over the curbs.
Why It Matters: The news comes in as talks between the Trump administration and Beijing have <a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">currently hit a stalemate</a>, according to U.S. Treasury Secretary Scott Bessent.
The current escalating tensions follow a temporary 90-day truce in the trade war that was reached following negotiations between the two governments, which <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">sent stocks on the rise</a>.
However, Trump has since accused China of violating the <a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation">Geneva trade agreement </a>following its decision to impose curbs on the exports. Beijing has called the accusations groundless and has vowed to retaliate.
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/news/politics/25/06/45740331/trumps-man-to-man-diplomacy-wont-work-with-xi-jinping-warns-former-white-house-chief-of-staff-as-tariff-deadlock-continues">Trump&#8217;s &#8216;Man-To-Man&#8217; Diplomacy Won&#8217;t Work With Xi Jinping, Warns Former White House Chief Of Staff As Tariff Deadlock Continues</a></li>
</ul>
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Tech

Amid US-China Trade War, Global Automakers Warn Beijing's Curbs On Rare Earth Metals Could Significantly Impact Production

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Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$350.00</td>
<td>$92.0K</td>
<td>16.9K</td>
<td>78.7K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$37.50</td>
<td>$261.0K</td>
<td>5.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>GAP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$21.50</td>
<td>$320.3K</td>
<td>61</td>
<td>2.6K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$30.00</td>
<td>$34.0K</td>
<td>75</td>
<td>654</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$327.50</td>
<td>$25.4K</td>
<td>21</td>
<td>582</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$40.00</td>
<td>$38.5K</td>
<td>1.3K</td>
<td>209</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$212.50</td>
<td>$32.5K</td>
<td>397</td>
<td>183</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$75.00</td>
<td>$116.3K</td>
<td>651</td>
<td>152</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$85.00</td>
<td>$74.1K</td>
<td>729</td>
<td>152</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$47.00</td>
<td>$52.8K</td>
<td>3.8K</td>
<td>140</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on June 6, 2025. Parties traded 100 contract(s) at a $350.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $92.0K, with a price of $920.0 per contract. There were 16996 open contracts at this strike prior to today, and today 78738 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on July 18, 2025. Parties traded 2997 contract(s) at a $37.50 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $261.0K, with a price of $87.0 per contract. There were 5421 open contracts at this strike prior to today, and today 3126 contract(s) were bought and sold. 
• For GAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), we notice a call option trade that happens to be bearish, expiring in 17 day(s) on June 20, 2025. This event was a transfer of 2692 contract(s) at a $21.50 strike. The total cost received by the writing party (or parties) was $320.3K, with a price of $119.0 per contract. There were 61 open contracts at this strike prior to today, and today 2695 contract(s) were bought and sold. 
• Regarding LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we observe a call option sweep with bullish sentiment. It expires in 45 day(s) on July 18, 2025. Parties traded 180 contract(s) at a $30.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $189.0 per contract. There were 75 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a put option trade with bullish sentiment. It expires in 17 day(s) on June 20, 2025. Parties traded 19 contract(s) at a $327.50 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1340.0 per contract. There were 21 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold. 
• Regarding LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on July 18, 2025. Parties traded 100 contract(s) at a $40.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 1339 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on June 13, 2025. This event was a transfer of 50 contract(s) at a $212.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $650.0 per contract. There were 397 open contracts at this strike prior to today, and today 183 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option sweep that happens to be bullish, expiring in 563 day(s) on December 18, 2026. This event was a transfer of 152 contract(s) at a $75.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $116.3K, with a price of $765.0 per contract. There were 651 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a put option sweep with bullish sentiment. It expires in 17 day(s) on June 20, 2025. Parties traded 99 contract(s) at a $85.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $74.1K, with a price of $747.0 per contract. There were 729 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bullish, expiring in 227 day(s) on January 16, 2026. This event was a transfer of 139 contract(s) at a $47.00 strike. The total cost received by the writing party (or parties) was $52.8K, with a price of $380.0 per contract. There were 3819 open contracts at this strike prior to today, and today 140 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

DASH

DKNG

LULU

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

WIIM

Shares of automobile companies are trading lower. The industry may be facing weakness due to steel tariffs and investor concerns about overseas prices.

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.
Entertainment
JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.
Technology
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.
Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.
Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.
Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.
Smartphones
Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.
A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.
Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.
A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.
Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" rel="noreferrer noopener">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>
Automobiles/Spacecraft
Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.
One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.
Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.
Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.
Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.
Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45617151/ubs-maintains-neutral-rating-for-rivian-stock-sets-price-13-price-target" rel="noreferrer noopener">Rivian Stock Above $15, But UBS Sees Fair Value At $13 Amid Affordability Concerns</a>
Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.
Artificial Intelligence
Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.
On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.
Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.
Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.
Image: Shutterstock/JHVEPhoto

BYDDF

GOOG

NFLX

NVDA

RIVN

Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

President Donald Trump has mandated that automakers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , manufacture entire vehicles and all components within the U.S. This announcement was made during a press conference on Friday, coinciding with Elon Musk&#8217;s departure as a senior adviser at the White House.
What Happened: President Trump addressed concerns regarding tariffs impacting companies like Tesla that import auto parts.
He assured that Musk would eventually produce entire cars domestically, noting, &#8220;Pretty much he does.&#8221;
Trump emphasized that all manufacturers must build their parts in the U.S., expressing dissatisfaction with parts being made in countries like Canada, Mexico, and Europe.
&#8220;Nobody knew what the hell was happening,&#8221; he stated, declaring that within the next year, automakers must ensure complete production occurs in America.
Earlier this year, the Trump administration imposed a 25% tariff on imported vehicles and auto parts, which the auto industry claims will disrupt supply chains and increase car prices. While Tesla manufactures its electric vehicles in the U.S., many key components are sourced from abroad.
See Also: <a href="https://benzinga.com/markets/equities/25/05/45691777/how-bill-ackmans-stock-tip-turned-a-new-york-taxi-drivers-50-thousand-into-a-3-million-retiremen">How Bill Ackman&#8217;s Stock Tip Turned A New York Taxi Driver&#8217;s $50 Thousand Into A $3 Million Retirement Fund</a>
Why It Matters: The automotive industry has been grappling with the implications of tariffs since President Trump hinted at increasing the 25% tariff on Canadian automobile imports in April, suggesting that the U.S. auto industry would benefit from reduced Canadian involvement.
In a statement from the Oval Office, <a href="https://www.benzinga.com/news/25/04/45018925/trump-says-us-doesnt-need-canadian-cars-hints-tariffs-could-rise-we-dont-want-your-cars-with-all-due">Trump remarked</a>, "We don&#8217;t want your cars, with all due respect."
In May, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO Mary Barra <a href="https://www.benzinga.com/25/05/45664131/general-motors-ceo-backs-trumps-auto-tariffs-as-a-tool-to-level-the-playing-fieldtheyve-taken-the-time-to-understand-our-industry">expressed support</a> for Trump&#8217;s tariffs, citing them as a tool to level the playing field against foreign government subsidies and tax policies.
The Trump administration <a href="https://www.benzinga.com/25/05/45249274/trump-eases-auto-tariffs-auto-makers-welcome-and-appreciate-the-move">eased some auto tariffs</a>, allowing for reimbursements for domestic car producers importing parts, though these reimbursements will phase out over time.
This policy shift underscores the administration&#8217;s commitment to strengthening the U.S. automotive sector by encouraging domestic production, a move that could have significant implications for automakers and their supply chains.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Trump Demands Automakers, Including Tesla, Build Entirely In The US

Global automakers are expressing serious concerns over a potential shortage of rare-earth magnets from China, which could result in factory closures within weeks.
What Happened: A letter dated May 9 from the Alliance for Automotive Innovation, representing major automakers like General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), was sent to the Trump administration highlighting these urgent issues, according to a report by Reuters.
&#8220;Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical automotive components, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, motors, power steering, and cameras,&#8221; the Alliance for Automotive Innovation said.
This could lead to decreased production volumes or even the shutdown of vehicle assembly lines in the U.S., the group added. &#8220;In severe cases, this could include the need for reduced production volumes or even a shutdown of vehicle assembly lines.&#8221;
See Also:<a href="https://www.benzinga.com/news/space/25/05/45708311/president-trump-proposes-1-billion-for-private-sector-mars-exploration-report"> President Trump Proposes $1 Billion For Private Sector Mars Exploration: Report</a>
China, which controls over 90% of the global processing capacity for these magnets, imposed restrictions in April, requiring exporters to obtain licenses.
Why It Matters: Earlier in April, China imposed<a href="https://www.benzinga.com/25/04/44650952/china-restricts-rare-earth-exports-to-us-as-part-of-tariff-retaliation"> export restrictions on seven rare earth elements</a>, including samarium and dysprosium, as a retaliatory measure against U.S. tariffs.
Meanwhile, the European Union<a href="https://www.benzinga.com/markets/equities/25/04/44766503/eu-fast-tracks-mining-to-cut-china-reliance-builds-216m-rare-earth-recycling-plant"> is taking steps to reduce its dependency</a> on China for rare earth imports by fast-tracking mining and recycling initiatives.
The U.S. has escalated its tech war with China by imposing new export<a href="https://www.benzinga.com/markets/equities/25/05/45663228/us-escalates-tech-war-with-china-new-export-curbs-hit-cadence-synopsys-as-eda-software-chemicals-and-tools-face-license-requirements-report"> restrictions on semiconductor design software</a> and other critical materials.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

VWAGY

China's Rare-Earth Magnet Restrictions Threaten Auto Production, Could Result In 'Shutdown Of Assembly Lines:' Report

General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) claims the company is the #1 seller of EVs in Canada, as Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/tech/25/05/45663820/tesla-deliveries-drop-87-in-quebec-in-q1-hitting-2-year-low-amid-incentive-cuts-musks-political-ties">sales plummet in Canada's Quebec</a>.
What Happened: The Detroit-based automaker experienced a 252% surge in sales in Q1 2025 in Canada, the company said in an Instagram <a href="https://www.instagram.com/reel/DJonmeVOxjY">post</a> on Thursday.
"Guess who's in the EV driver's seat now? &#x1f4aa;&#x26a1; That's right – we've claimed the top spot as the #1 EV seller in Canada! With 13 electric models, GM's EV sales more than doubled in Q1, meaning more Canadians are choosing our electric vehicles," the company said in the post.
Q1 2025 sales data released by GM showcased that the company's EV sales surge was led by "the Chevrolet Blazer EV up 56 per cent, Cadillac Lyriq up 123.6 per cent, GMC Hummer EV pickup up 232.1 per cent," the company said.
Why It Matters: The news comes in as Tesla recorded an 87% plunge in sales in Canada's Quebec. The data showcased that Musk's company delivered 524 vehicles in the province, while new registrations fell to a two-year low. This is in addition to <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">a 49% fall</a> in the company&#8217;s European sales during April 2025.
The decline reportedly stems from a mix of Musk's political associations with U.S. President Donald Trump and DOGE, as well as the Canadian government ending <a href="https://www.benzinga.com/markets/25/03/44488018/canada-bars-tesla-from-ev-rebates-programs-in-response-to-illegitimate-and-illegal-us-tariffs">key EV incentives </a>in the country.
Elsewhere, GM EV <a href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs">sales have surged</a> in the U.S. in April, data shows. The company acquired over 14.4% market share in the domestic EV sector despite Trump's tariffs.
Price Action: GM currently trades at $48.59, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
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Photo courtesy: Jonathan Weiss / Shutterstock.com

General Motors Tops Canadian EV Market In Q1 As Tesla Sales Tank 87% in Quebec: Report

<a href="https://www.benzinga.com/insights/news/25/05/45589788/in-depth-analysis-nvidia-versus-competitors-in-semiconductors-amp-semiconductor-equipment-industry">Nvidia</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is looking beyond Big Tech as it strategizes global expansion by doing deals with foreign governments, the<a href="https://www.ft.com/content/2ba1d064-242d-4a2a-a381-374d9643e23a"> Financial Times</a> reports.
As the innovative chip company behind artificial intelligence, demand for Nvidia&#8217;s technology crosses all boundaries — from neighboring Big Tech companies in Silicon Valley to foreign governments. Following Nvidia&#8217;s <a href="https://nvidianews.nvidia.com/news/saudi-arabia-and-nvidia-to-build-ai-factories-to-power-next-wave-of-intelligence-for-the-age-of-reasoning">recently announced</a><a href="https://www.nytimes.com/2025/05/16/business/dealbook/trump-nvidia-ai-middle-east.html"> </a>multibillion-dollar chip agreement with<a href="https://nvidianews.nvidia.com/news/saudi-arabia-and-nvidia-to-build-ai-factories-to-power-next-wave-of-intelligence-for-the-age-of-reasoning"> </a>as a part of a <a href="https://www.nytimes.com/2025/05/16/business/dealbook/trump-nvidia-ai-middle-east.html">deal with the U.S. government</a> to build a large AI infrastructure, the FT reports that such &#8220;sovereign AI&#8221; deals are a part of Nvidia&#8217;s strategy to be less reliant on&nbsp; &#8220;hyperscalers&#8221; — large cloud computing companies accounting for over half its data center revenue.
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<h2 class="wp-block-heading">Making Its Tech Accessible</h2>
To do this, Nvidia is allowing access to its technology from up-and-coming rivals to enable them to foster relationships with cloud service providers like Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Google,&nbsp; FT reports. The outlet adds that business relationships with Cisco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and Hewlett-Packard Enterprise Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NASDAQ">HPE</a>) will help them enable enterprise customers to create their own IT infrastructure instead of outsourcing to the cloud.
&#8220;I&#8217;m more certain [about the business opportunity beyond the big cloud providers] today than I was a year ago,&#8221; Nvidia CEO <a href="https://www.benzinga.com/25/05/45513246/nvidia-ceo-jensen-huang-says-chinese-ai-researchers-are-world-class-and-us-companies-are-hiring-a-whole-bunch-of-them">Jensen Huang</a> told the FT in March.
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<h2 class="wp-block-heading">Robotics And Real World Uses</h2>
As part of its expansion, Nvidia sees robots as pivotal to introducing AI to practical real-world uses in robotics, drug development and autonomous navigation. The company presented employee-authored literature at a Singapore conference covering these sectors, highlighting the partnerships with Google, GE HealthCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), FT said.
Experts question whether the scope of the deals Nvidia just made in Saudi Arabia is feasible on an ongoing basis.
&#8220;Is every country going to announce a $10 billion or $50 billion data center like the Saudis? Of course not,&#8221; Seaport Research analyst Jay Goldberg told <a href="https://www.reuters.com/world/asia-pacific/amid-jensanity-nvidia-signals-plans-keep-ai-crown-2025-05-23/">Reuters.</a> &#8220;They&#8217;re sort of running out of obvious deals.&#8221;
Huang, however, remains bullish: &#8220;AI infrastructure is being built out (everywhere) &#8211; that&#8217;s one of the reasons I&#8217;m traveling around the world&#8230; AI infrastructure is going to be a part of society,&#8221; he told Reuters.
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<h2 class="wp-block-heading">NVLink Fusion</h2>
Huang explained at the recent Computex conference in Taipei that new technology, rather than mega infrastructure deals with sovereign governments, was the key to the company&#8217;s expansion, Reuters reported. Specifically, Huang spoke about NVLink Fusion, which allows companies to access Nvidia&#8217;s AI infrastructure using custom chips, creating a scalable architecture.
<h2 class="wp-block-heading">Nvidia Compliant Hardware Will Drive Expansion</h2>
Nvidia&#8217;s NVLink Fusion platform will encourage companies to build compliant hardware and thus drive demand for Nvidia AI network and data centre parts, Reuters says. It means that Nvidia can be a crucial part of a country or company&#8217;s growth without having to carry all the weight of expansion.
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CSCO

DELL

GEHC

Nvidia Aims To Bypass Big Tech Dependency By Going Straight To International Governments, As It Did Recently With Saudi Arabia

<a href="https://investor.gm.com/events/event-details/general-motors-participate-bernsteins-41st-strategic-decisions-conference" title="https://investor.gm.com/events/event-details/general-motors-participate-bernsteins-41st-strategic-decisions-conference">https://investor.gm.com/events/event-details/general-motors-participate-bernsteins-41st-strategic-decisions-conference</a>
&nbsp;

General Motors CFO At Bernstein's 41st Strategic Decisions Conference Reportedly Says I Expect We Will Be Repurchasing Shares In The Second Half Of 2025

In a recent interview,&nbsp;General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO&nbsp;Mary Barra&nbsp;expressed her support for the auto tariffs imposed by President&nbsp;Donald Trump, citing the unfair competition faced by U.S. automakers in the global market.
What Happened: Barra, in an interview <a href="https://www.wsj.com/business/autos/general-motors-ceo-defends-trump-auto-tariffs-d6f15ab9?ref=biztoc.com">at</a> The Wall Street Journal&#8217;s Future of Everything event, justified Trump&#8217;s tariffs, arguing that American car manufacturers face an unfair disadvantage because of foreign government subsidies and tax policies.
&#8220;For&nbsp;decades now, it has not&nbsp;been a level playing field&nbsp;for us automakers globally, with&nbsp;either tariffs or non-tariff trade&nbsp;barriers. So I think tariffs&nbsp;is one tool that the&nbsp;administration can use to level&nbsp;the playing field,&#8221; Barra said.
She also acknowledged an improvement in her relationship with Trump during his second term—a notable change for GM, which had previously clashed with the White House over its investments in foreign factories and electric vehicles, both of which ran counter to Trump's policies.
Barra also commended the administration for permitting tariff-free imports of parts from Canada and Mexico, as outlined in the free-trade agreement signed during Trump's first term. She remarked, "They've taken the time to understand our industry."
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Why It Matters: GM&#8217;s support for Trump&#8217;s auto tariffs comes at a time when the company is grappling with tariff-related costs. The company could face tariffs of up to $5 billion because nearly half of the vehicles it sells in the U.S. are manufactured in overseas assembly plants. In April, GM&#8217;s CEO also had to <a href="https://www.benzinga.com/news/earnings/25/04/45065788/general-motors-margins-weaken-amid-tariff-uncertainty-ceo-barra-delays-conference-call-on-guidance-uncertainty">delay </a>an earnings call due to weakening margins amid tariff uncertainty.
That being said, GM&#8217;s EV sales have <a href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs">surged </a>in the U.S. despite these tariffs. The company accounted for over 14.4% of all new EVs sold in the U.S. in April 2025.
Notably, the auto giant has shown commitment to its traditional combustion engine vehicles, with a recent&nbsp;<a href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share">$888 million investment</a>&nbsp;in its Tonawanda Propulsion facility, where it manufactures V-8 engines.
According to Benzinga Edge Stock Rankings, General Motors has a quality score of 78.73% and a momentum rating of 57.28%. Click <a href="https://www.benzinga.com/quote/GM">here </a>to see how it compares to other leading tech companies.
The GM stock declined 1.96% to close at $48.13 on Wednesday.
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Image via Shutterstock
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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