nLight (NASDAQ:LASR) Azioni

NLIGHT INC

nLight

nLight Inc is a United States-based company provider of power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It designs, manufactures, and sells a range of power semiconductor lasers and fiber lasers that are typically integrated into laser systems. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, Asia Pacific, and EMEA.

Heavy,Machines,Working,In,Construction,Site,And,Industrial,Technology,Concept.

News

Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

LASR

Due titoli tecnologici hanno raggiunto livelli di ipercomprato. Quali sono le implicazioni per gli investitori e come dovrebbero agire?

Due titoli tecnologici in zona ipercomprato: cosa fare adesso?

The latest attacks by Yemen's Houthi rebels in the Red Sea have triggered a sharp rise in shipping insurance costs, underscoring growing risks to global trade through this critical maritime route.
What Happened: The insurance expenses for shipping goods via the Red Sea have more than doubled following the Houthi attacks, which resulted in the sinking of two ships and the loss of at least four sailors, Reuters reported on Thursday.
The attacks occurred after a period of relative calm, causing a sharp decline in Red Sea traffic.
The war risk premiums have surged to approximately 0.7% of a ship&#8217;s value, up from about 0.3% before the recent attacks. Some insurers have temporarily suspended coverage for specific voyages, while rates for a standard seven-day journey have climbed to as high as 1% this week, matching the peak levels seen in 2024 during a period of frequent daily attacks.
Neil Roberts, head of marine and aviation at the Lloyd's Market Association, stressed the importance of exercising caution when planning transits through the Red Sea in light of the recent attacks.
See Also: <a href="https://benzinga.com/news/politics/25/07/46360429/mike-pence-says-trumps-tariff-escalations-with-us-allies-are-like-dismissing-your-front-line-in-a-f" target="_blank" rel="noopener">Mike Pence Says Trump&#8217;s Tariff Escalations With US Allies Are Like &#8216;Dismissing Your Front Line In A Football Game&#8217;</a>
Why It Matters: A Houthi assault on the Greek vessel Eternity C on Wednesday resulted in the deaths of four out of 25 crew members, according to maritime officials.
On Thursday, rescuers recovered four additional survivors from the Red Sea, while Houthi militants claimed to be holding some missing crew members. The incident came just days after another Greek-operated ship was sunk on Monday, an attack for which the Houthis also took responsibility.
Shipping data analysis indicates that some of these vessels had visited Israeli ports within the past year. Between November 2023 and December 2024, the Houthis carried out attacks on more than 100 ships.
In September 2024, the <a href="https://www.benzinga.com/news/24/09/40680857/us-military-slams-houthis-reckless-acts-of-terrorism-after-yemen-rebels-strike-2-oil">U.S. military condemned</a> the Houthi attacks on two crude oil tankers in the Red Sea as &#8220;reckless acts of terrorism.&#8221; This incident, along with the ongoing conflict with the Houthi rebels, was described by a top U.S. Navy admiral as the <a href="https://www.benzinga.com/news/24/02/37213385/top-us-navy-admiral-declares-red-sea-conflict-the-largest-naval-battle-since-wwii-with-7-000-sailors">largest naval battle</a> the U.S. has faced since World War II.
Moreover, Iran, which is aligned with the Houthi rebels, has been <a href="https://www.benzinga.com/markets/eurozone/25/06/46113873/iran-loses-influence-in-opec-after-years-of-sanctions-regional-meddling">losing influence in OPEC</a> due to years of sanctions and its meddling in the Middle East.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/macro-economic-events/25/07/46336626/trump-administration-sues-gavin-newsom-other-state-officials-over-californias-egg-l" target="_blank" rel="noopener">Trump Administration Sues Gavin Newsom, Other State Officials Over California&#8217;s Egg Laws Driving Up Prices Nationwide: &#8216;Unnecessary Red Tape&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Red Sea Shipping Insurance Costs Surge After Deadly Houthi Strikes: Report

Michael Dell, the CEO of&nbsp;Dell Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), expressed concerns about the potential cultural challenges that&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) might face due to its aggressive artificial intelligence hiring strategy.
What Happened: Dell, in a&nbsp;BG2 podcast hosted by Bill Gurley and Brad Gerstner, on Thursday, warned that Meta&#8217;s AI hiring spree could lead to internal discontent among existing employees. This could result in a significant distraction for Meta and its CEO,&nbsp;Mark Zuckerberg.
Check out the current price of&nbsp;<a href="https://benzinga.com/quote/META" target="_blank" rel="noreferrer noopener">META stock here</a>.
&#8220;It&#8217;ll&nbsp;be a challenge culturally for&nbsp;sure,&#8221; Dell said. He pointed out that the generous salaries of new AI hires could lead to unhappiness and resentment among existing employees. This could potentially create a long line of &#8220;complaining&#8221; employees outside Zuckerberg&#8217;s office, demanding fair treatment.
Dell emphasized the importance of fairness in the workplace, stating, &#8220;People&nbsp;generally have a sense of&nbsp;fairness, right? They&nbsp;want to be treated fairly&nbsp;relative to others and relative&nbsp;to&nbsp;the opportunities that they have&nbsp;out there in the overall&nbsp;market.&#8221;
While Dell acknowledged that Meta&#8217;s strategy and the &#8220;math&#8221; could work if this is reduced to a &#8220;race to super intelligence,&#8221; he maintained that the potential for internal conflict and dissatisfaction should not be overlooked.
See Also&nbsp;<a href="https://benzinga.com/news/politics/25/07/46268640/china-expresses-concern-to-eu-over-russias-potential-defeat-in-ukraine-conflict-amid-fears-that-trump-would-do-this-report" target="_blank" rel="noreferrer noopener">China Expresses Concern To EU Over Russia&#8217;s Potential Defeat In Ukraine Conflict Amid Fears That Trump Would Do &#8216;This&#8217;: Report</a>
Why It Matters: Meta has been aggressively expanding its AI dominance through its Superintelligence Labs, launched in June to pursue artificial general intelligence. This expansion has been fueled by <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">poaching top talent</a> from OpenAI, Anthropic, Alphabet Inc.‘s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google DeepMind, and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), reshaping the AI landscape in a fierce talent war. 
However, this aggressive hiring spree has not been without criticism. Like Dell, OpenAI CEO Sam Altman previously warned of potential <a href="https://www.benzinga.com/markets/tech/25/07/46216611/openais-sam-altman-hints-at-compensation-evaluation-amid-metas-distasteful-ai-talent-poaching-spree-report">cultural problems</a> at Meta due to its recruitment efforts, calling it "distasteful". He also hinted at possible compensation evaluations for the entire research organization at OpenAI in response to Meta&#8217;s hiring strategy.&nbsp;
On the other hand, Reid Hoffman, LinkedIn cofounder and former OpenAI board member, <a href="https://www.cnbc.com/video/2025/07/09/watch-cnbcs-full-interview-with-linkedin-co-founder-reid-hoffman-in-sun-valley.html">told </a>CNBC it&#8217;s economically justified for companies like Meta to invest heavily in AI talent.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Michael Dell – Invest America Act Becomes Law, AI Talent Wars, Compute Demand, Market Update &#x7C; BG2" width="500" height="281" src="https://www.youtube.com/embed/X52BNWZrXSk?start=2541&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/07/46337678/chamath-palihapitiya-agrees-with-a-social-media-user-who-says-while-meta-spends-200-million-a-year-to-poach-ai-talent-elon-musk-keeps-costs-low-but-still-manages-to-unveil-better-products">Chamath Palihapitiya Agrees With A Social Media User Who Says While Meta Spends $200 Million A Year To Poach AI Talent, Elon Musk Keeps Costs Low But Still Manages To Unveil Better Products</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

DELL

GOOG

GOOGL

Mark Zuckerberg May Have To Deal With A Long Line Of 'Complaining' Employees Outside Of His Door, Warns Michael Dell, Calls Meta's AI Hiring Spree 'Cultural Challenge'

Panasonic Holdings Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCRFF#OTC">PCRFF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCRHY#OTC">PCRHY</a>) is delaying its plans to scale up operations at its second plant in the U.S., as customer Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is grappling with sluggish sales figures.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: The company will delay its plan to reach the full production capacity of 30 Gigawatt-hours by 2027 at its De-Soto, Kansas, plant, Nikkei Asia reported <a href="https://asia.nikkei.com/Business/Electronics/Panasonic-delays-full-production-at-US-battery-plant-as-Tesla-sales-drop">on</a> Friday.
The $4B plant will begin production soon, although a new date has not been decided as of yet, the report suggests. Panasonic set up its first plant in the U.S. in collaboration with Tesla in the state of Nevada, dubbed the Nevada Gigafactory, in 2014.
Why It Matters: Tesla sales have taken a hit in the past year as the company recorded poor sales figures <a href="https://www.benzinga.com/markets/eurozone/25/06/45736798/tesla-sales-hit-3-year-low-in-this-european-nation-despite-musks-claims-of-no-demand-problem">in multiple markets</a>. The company also experienced double-digit drops in sales in <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">Denmark and Sweden</a>.&nbsp;
The company has also<a href="https://www.benzinga.com/markets/tech/25/07/46337215/tesla-is-basically-hijacked-by-elon-musk-says-ross-gerber-calling-it-completely-ridiculous-america-party-is-the-worst-news-for-tsla"> been under fire</a> for CEO Elon Musk's feud with President Donald Trump over the latter's Big, Beautiful Bill, which Musk says would add trillions to the U.S. debt deficit.
Meanwhile, Tesla investors have expressed concerns with the company's dwindling sales, as over 27 major shareholders urged the Tesla BoD to hold its annual shareholder meeting, which the company says it will hold on <a href="https://www.benzinga.com/markets/tech/25/07/46359669/teslas-annual-shareholder-meeting-set-for-november-6th-dan-ives-says-elon-musks-pay-package-in-the-spotlight">November 6th this year</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="200" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4-1024x200.jpg" alt="" class="wp-image-981576" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4-1024x200.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4-768x150.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4-1536x300.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11060315/TSLA-JUL-11-2025-4.jpg 1568w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers poor Momentum and Value, while scoring well on the Growth metric and offering satisfactory Quality. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46360024/trump-nominates-tesla-critic-to-lead-nhtsa-amid-rising-tensions-with-elon-musk">Trump Nominates Tesla Critic To Lead NHTSA Amid Rising Tensions With Elon Musk</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

PCRFF

PCRHY

TSLA

Tesla Sales Slump Prompts Panasonic To Delay $4 Billion US Battery Plant Expansion: Report

HC Wainwright &amp; Co. analyst Andrew Fein reiterates KalVista Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALV#NASDAQ">KALV</a>) with a Buy and maintains $27 price target.

Price Target

Reiteration

Analyst Ratings

KALV

HC Wainwright & Co. Reiterates Buy on KalVista Pharma, Maintains $27 Price Target

HC Wainwright &amp; Co. analyst Robert Burns assumes Karyopharm Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KPTI#NASDAQ">KPTI</a>) with a Buy rating and announces Price Target of $27.

Initiation

KPTI

HC Wainwright & Co. Assumes Karyopharm Therapeutics at Buy, Announces Price Target of $27

XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/07/g46361237/xpeng-opens-order-books-for-all-new-smart-coupe-suv-g6-and-smart-premium-suv-g9-in-europe" rel="noreferrer noopener">officially opened orders</a> in Europe on Friday for its fully revamped G6 Ultra Smart Coupe SUV and G9 Ultra Smart Premium SUV, marking its latest move towards AI-driven electric mobility. Both models feature next-generation 800V architecture, super-fast charging, and cutting-edge AI tech, tailored for European consumers.
XPeng built the new G6 and G9 on its full-domain 800V platform, enabling charging from 10% to 80% in just 12 minutes. The G6 peaks at 451 kW, and the G9 at 525 kW, offering WLTP ranges of 535 km and 585 km, respectively.
Both models are powered by the Qilin LFP battery, free of rare earth elements, and deliver strong efficiency, sustainability, and speed.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45903304/xpeng-says-its-new-self-driving-chip-is-3x-more-powerful-than-nvidias-will-power-vw-cars" rel="noreferrer noopener">Xpeng Says Its New Self-Driving Chip Is 3x More Powerful Than Nvidia&#8217;s, Will Power VW Cars</a>
XPeng equipped both models with a 4-3-4 safety structure and ballistic-grade battery protection, built to endure temperatures up to 1,000°C and 80 tons of pressure. The battery&#8217;s lifespan now extends 30% longer than before.
Both models integrate the Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) Snapdragon 8295 chipset and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Orin-X processor, enabling features like automated parking, reverse tracking, and remote summon via smartphone or smart key. Voice control, immersive cockpits, and OTA updates enhance the smart driving experience.
XPeng will showcase the G6 at the Goodwood Festival of Speed (July 10-13, 2025). Orders are now open in France, Germany, Norway, Sweden, Denmark, the Netherlands, Belgium, and Luxembourg, with deliveries starting late summer 2025.
XPeng&#8217;s strong performance underscores its growth trajectory. The company&#8217;s stock has surged over 47% year-to-date. On May 21, the Chinese EV manufacturer reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45541540/chinas-xpeng-ev-deliveries-jump-330-ceo-cites-margin-improvement-for-7-consecutive-quarters" rel="noreferrer noopener">first-quarter 2025 sales growth</a>, with revenues increasing 141.5% year-on-year to 15.81 billion Chinese yuan ($2.18 billion). This topped the analyst consensus estimate of 16.02 billion Chinese yuan.
Quarterly vehicle deliveries also saw a significant jump of 330.8% year-over-year, reaching 94,008 units. Revenues from vehicle sales rose 159.2% year-over-year to 14.37 billion Chinese yuan ($1.98 billion) due to higher deliveries, and the gross margin improved to 15.6% from 12.9% a year ago, marking its seventh consecutive quarter of increase.
Looking ahead, XPeng projects second-quarter 2025 vehicle deliveries of 102,000-108,000 units, representing a year-over-year surge of 237.7%-257.5%. The company anticipates revenues between 17.5 billion Chinese yuan and 18.7 billion Chinese yuan, exceeding the analyst consensus estimate of 16.85 billion Chinese yuan.
Recent delivery figures further highlight XPeng&#8217;s accelerating momentum. On July 1, XPeng announced a 224% year-over-year increase in <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46189960/tesla-rival-xpeng-records-224-surge-in-june-deliveries-crosses-2024-sales-mark-in-6-months" rel="noreferrer noopener">June deliveries</a>, bringing its first-half 2025 deliveries to 197,189 units, surpassing the total units delivered in the entire year of 2024.
June marked the eighth consecutive month where XPeng delivered over 30,000 units, and the company also achieved a new quarterly record with 103,181 units delivered in the second quarter of 2025. The automaker said that it had expanded into over 40 countries and regions throughout the globe.
Price Action: XPEV shares are trading higher by 0.17% to $17.46 premarket at last check Friday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46338887/whats-fueling-on-semiconductors-recent-stock-surge" target="_blank" rel="noreferrer noopener">What&#8217;s Fueling ON Semiconductor&#8217;s Recent Stock Surge?</a></li>
</ul>
Photo by Robert Way via Shutterstock

NVDA

QCOM

XPEV

XPeng Brings Ultra Smart, Ultra Fast EVs To Europe

VinFast Delivers 11,382 EVs In June, Topping 67,500 H1 Deliveries In Vietnam; VF 3 Leads Sales, New EV Plant Inaugurated In Ha Tinh

Keybanc analyst Steve Barger downgrades Federal Signal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSS#NYSE">FSS</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades Federal Signal to Sector Weight

HIVE

HIVE Digital Hits 12 EH/s Hashrate, Achieves $250M Run Rate Revenue Amid Paraguay Hydro Expansion Toward 25 EH/s By Year-End

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang will meet President Donald Trump at the White House on Thursday, one day before the chip designer&#8217;s head plans to visit China.
What Happened: The high-stakes meeting comes as Nvidia&#8217;s market capitalization <a href="https://www.benzinga.com/markets/tech/25/07/46349588/nvidia-hits-4-trillion-now-worth-more-than-meta-berkshire-hathaway-tesla-combined">closed above $4 trillion for the first time Thursday</a>, making it the world&#8217;s most valuable company and cementing its status as Wall Street&#8217;s most sought-after AI stock.
Details of the Trump-Huang discussions were not immediately available, Reuters reported, citing sources. 
The timing is critical as Huang has openly criticized export restrictions the Trump administration imposed in April that stopped Nvidia from selling its H20 chip <a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report">designed for the Chinese market</a>. Huang previously called the restrictions &#8220;a springboard to global success&#8221; setback.
Nvidia and the White House did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46362002/marco-rubio-holds-talks-with-chinas-wang-yi-at-east-asia-summit-amid-escalating-us-china-trade-tensions">Marco Rubio Holds Talks With China&#8217;s Wang Yi At East Asia Summit Amid Escalating US-China Trade Tensions</a>
Why It Matters: The export curbs cost the artificial intelligence <a href="https://www.benzinga.com/markets/equities/25/07/46268432/steve-jobs-knew-the-chip-was-the-queen-bee-kevin-oleary-says-us-must-let-nvidia-spread-its-hive-convince-every-bee-around-to-make-the-honey">chipmaker $2.5 billion in sales during the first quarter</a>, with Nvidia expecting an $8 billion revenue hit in the second quarter. The company has removed China from its revenue and profit forecasts following the stringent U.S. trade restrictions.
Nvidia&#8217;s $4 trillion valuation surpasses the <a href="https://www.benzinga.com/markets/tech/25/07/46349588/nvidia-hits-4-trillion-now-worth-more-than-meta-berkshire-hathaway-tesla-combined">combined market capitalization</a> of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) at $1.82 trillion, Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) at $1.03 trillion and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) at $980 billion.
The meeting underscores the delicate balance between national security concerns and maintaining global market leadership in AI semiconductors. Recent intelligence reports suggest Chinese AI company DeepSeek has found <a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report">workarounds to access large volumes of Nvidia&#8217;s H100 chips</a> despite export bans.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/politics/25/07/46360686/trump-to-make-a-major-statement-on-russia-on-monday-amid-escalating-ukraine-conflict-im-disappointe?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcojO3Z1dW2jNkZMO-ISg" target="_blank" rel="noreferrer noopener">Trump To Make A ‘Major Statement' On Russia On Monday Amid Escalating Ukraine Conflict: ‘I'm Disappointed…'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Nvidia CEO Jensen Huang To Meet Trump At White House Ahead Of Crucial China Visit: Report

MIST

Milestone Pharmaceuticals Launches Public Offering To Fund CARDAMYST Development, Includes Warrants And Pre-Funded Shares

Milestone Pharmaceuticals Secures FDA Review Acceptance For CARDAMYST, Extends $75M Royalty Deal With RTW Through 2025

<a target="_blank" href="https://www.benzinga.com/topic/cloud-computing" rel="noreferrer noopener">China&#8217;s cloud infrastructure spending</a> surged by 16% year-over-year to $11.6 billion in the first quarter of 2025, primarily fueled by the accelerating adoption of enterprise artificial intelligence (AI) nationwide.
This growth highlights cloud services&#8217; critical role in supporting China&#8217;s expanding AI capabilities, despite ongoing U.S. chip export restrictions.
The market is projected to continue its upward trajectory, with total cloud spending in China expected to climb from $40 billion in 2024 to $46 billion in 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46314590/alibaba-predicts-ai-digital-colleagues-will-be-commonplace-within-five-years" rel="noreferrer noopener">Alibaba Predicts AI Digital Colleagues Will Be Commonplace Within Five Years</a>
Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Cloud led the market with a 33% share and 15% revenue growth. Huawei Cloud followed it at 18% share and 18% growth, and Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Cloud at 10% share, which was reportedly limited by GPU supply issues, according to SCMP, <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3317760/chinas-cloud-services-spending-hits-us116-billion-first-quarter-ai-related-demand" rel="noreferrer noopener">citing</a> Canalys.
Partner-driven cloud revenue made up 25% of the market in the first quarter, with that share expected to grow as ecosystem collaboration turns AI capabilities into business value, according to Canalys.&nbsp;
Alibaba Cloud is experiencing rapid growth, particularly in its <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46250853/alibabas-ai-and-cloud-moves-have-sparked-28-stock-rebound" rel="noreferrer noopener">AI-driven products</a>, as its Qwen AI model family gains momentum.
Notably, Alibaba&#8217;s Damo Academy and Zhejiang Cancer Hospital jointly developed &#8220;Grape&#8221; in June, an AI model that detects early-stage gastric cancer from 3D CT scans, outperforming radiologists, as reported in Nature Medicine. This builds on Alibaba&#8217;s 2023 pancreatic cancer breakthrough, further integrating AI into healthcare.
The company is also expanding its global cloud footprint, launching new data centers in Malaysia, South Korea, and the Philippines. By 2025, Alibaba plans to roll out its Qwen models, Model Studio, and a global AI hub in Singapore, aiming to scale its cloud network across China, Asia, the Middle East, Europe, and the Americas over the next three years. 
This expansion is part of Alibaba&#8217;s &#8220;AI+Cloud&#8221; strategy, backed by a significant $53 billion investment plan to enhance cloud and AI infrastructure over the same period.
To deepen its AI expansion, Alibaba recently partnered with smartphone maker HONOR, marking the first direct integration of its AI agents into mobile devices. Unveiled during the HONOR Magic V5 launch on July 2, this collaboration brings Alibaba&#8217;s Qwen3 large language model (LLM) and Qwen-VL vision model to power HONOR&#8217;s YOYO assistant.
This enables advanced features like document analysis, role-play simulations, and real-time visual recognition, as Alizila <a target="_blank" href="https://www.alizila.com/alibaba-and-honor-deepen-ai-partnership-with-launch-of-new-smartphone/" rel="noreferrer noopener">reported</a> on Friday. Furthermore, specialized AI agents from Alibaba&#8217;s Fliggy and Amap now offer voice-enabled trip planning, navigation, and lifestyle recommendations within HONOR&#8217;s ecosystem.
Earlier in June, Alibaba <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46250853/alibabas-ai-and-cloud-moves-have-sparked-28-stock-rebound" rel="noreferrer noopener">launched updated</a> Qwen3 AI models to assist Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in integrating machine-learning features into iPhones, iPads, and MacBooks in China. This supports Apple&#8217;s efforts to expand its &#8220;Apple Intelligence&#8221; offerings in the country while adhering to China&#8217;s AI regulations.
Preliminary Counterpoint Research data indicates that <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46246152/iphone-sales-bounce-back-in-china-but-huawei-and-xiaomi-intensify-pressure" rel="noreferrer noopener">China&#8217;s smartphone market</a> is poised for a rebound in the second quarter of 2025, with Huawei and Apple leading in year-over-year sales growth.
Huawei is expected to post the strongest growth among major brands, potentially claiming the top spot as loyal users upgrade to new models. Apple saw a sales boost in May, driven by iPhone 16 series discounts, especially on the Pro and Pro Max models.
Analysts attribute this second-quarter growth partly to government smartphone subsidies but caution about potential risks if these subsidies are reduced later in the year.
Alibaba stock has surged 26% year-to-date, fueled by AI-driven cloud growth, e-commerce strength, and the phasing out of non-core assets.
Price Action: BABA shares are trading higher by 0.29% to $106.96 premarket at last check Friday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46342110/amazon-unveils-powerful-new-ai-servers-to-support-nvidias-most-advanced-chips" target="_blank" rel="noreferrer noopener">Amazon Unveils Powerful New AI Servers To Support Nvidia&#8217;s Most Advanced Chips</a></li>
</ul>
Photo via Shutterstock

Asia

Media

BABA

TCEHY

Alibaba, Huawei Dominate China's Growing Cloud Market

Needham analyst Mayank Tandon reiterates PAR Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAR#NYSE">PAR</a>) with a Buy and maintains $90 price target.

Needham Reiterates Buy on PAR Technology, Maintains $90 Price Target

U.S. stock futures declined on Friday after ending marginally higher on Thursday. Futures of major benchmark indices were lower.
After President Donald Trump imposed <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">50% tariffs on Brazil</a>, the country&#8217;s President, Luiz Inácio Lula da Silva, issued a warning Thursday about <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46359200/brazil-hits-back-at-trumps-tariff-letter-lula-says-if-hes-going-to-charge-us-50-wee-going-to-charge-him-50">potential retaliatory tariffs </a>if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.88%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.62%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.57%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.50%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.99%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.54% at $622.44, while the QQQ declined 0.47% to $552.86, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Thursday, most sectors within the S&amp;P 500 finished higher, with consumer discretionary, utilities, and energy stocks leading the gains.
Conversely, communication services and information technology sectors bucked the trend, ending the session lower. U.S. stocks settled higher overall, with the S&amp;P 500 hitting an all-time high during the day.
A significant boost came from Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), which surged approximately 12% after reporting second-quarter results that exceeded both earnings and revenue forecasts, signaling a robust demand outlook and igniting a widespread rally across the airline sector.
On the economic front, the U.S. labor market continued to demonstrate resilience, as initial jobless claims decreased to 237,000 last week, surpassing expectations. However, continuing claims increased to 1.965 million, reaching their highest level since 2021.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.094%</td>
<td>20,630.66</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.27%</td>
<td>6,280.46</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.43%</td>
<td>44,650.64</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
<td>2,263.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As the trade-related tussle evolves with the U.S. trading partners, Louis Navellier of Navellier &amp; Associates said that &#8220;There is no doubt that the tariffs the Trump Administration is imposing are controversial, but the countries that cooperate with the U.S., like Australia and Britain, are only being hit with 10% baseline tariffs, which should be largely offset by appreciation in the U.S. dollar in the upcoming months.&#8221;
Highlighting that the tariff revenue to the U.S. Treasury soared to $24.2 billion in May and is now expected to soar to $60 billion or higher per month in the upcoming months, he added, &#8220;I remain in the camp that when all the dust settles, there will be freer trade with fewer tariffs, since many countries cannot fight with the U.S.&#8221;
&#8220;Markets appear to have become desensitized to tariff news,&#8221; said Michelle Gibley, director of international research at the Schwab Center for Financial Research. &#8220;There may be some thought that the rates announced won&#8217;t be the final tariffs—some of the figures seem random and part of a negotiation.&#8221;
Meanwhile, Ed Yardeni of Yardeni Research highlighted that the Warren Buffett Indicator <a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">hit an alarming valuation</a>, indicating a potentially overvalued market, but the U.S. economy has demonstrated remarkable resilience.
He pointed out a fascinating paradox: "The economy won't let us down. Despite numerous crises, real GDP has remained recession-resistant since the Covid lockdown during the first half of 2020."
He emphasizes nearly six years without a recession, despite significant global challenges such as the pandemic, the conflict in Ukraine, stricter monetary policies, the Middle East war, and the economic disruption caused by Donald Trump&#8217;s tariffs.
Indeed, Yardeni argues, "it really has been the Roaring 2020s so far. Real GDP is at a record high and so is the stock market."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.35%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 2.38%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 2.94%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.20% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exposed stocks as the cryptocurrency hit a fresh high of $118,403.89 on Thursday.</li>
<li>Several drone-related stocks were also higher after Defense Secretary Pete Hegseth issued new orders to <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46356963/drone-stocks-fly-as-defense-secretary-fast-tracks-drone-production-deployment">fast-track drone manufacturing</a> and deployment. This includes Red Cat Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), which soared 16.08%, AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>), which advanced 4.11%, Ageagle Aerial Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>), which was up 9.68%, and Ondas Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) higher by 5.47%.</li>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) jumped 7.25% after reporting stronger-than-expected second-quarter financial results and raising its full-year guidance.</li>
<li>PriceSmart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) climbed 7.10% higher after reporting better-than-expected third-quarter financial results.</li>
<li>Frequency Electronics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) tumbled 2.12% after reporting earnings of 34 cents per share for the fourth quarter, up from 28 cents per share in the year-ago period. The company&#8217;s sales rose to $19.986 million from $15.576 million.</li>
<li>E2open Parent Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) was up 0.31% after posting better-than-expected earnings for its first quarter and affirming its fiscal year 2026 sales guidance.</li>
<li>WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) was 0.093% higher after posting better-than-expected earnings for its third quarter, while sales missed estimates. The company raised its EPS guidance, but narrowed its sales forecast.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $66.59 per barrel.
Gold Spot US Dollar rose 0.29% to hover around $3,333.71 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.14% at the 97.7890 level.
Asian markets ended mostly lower on Friday, except China&#8217;s CSI 300 and Hong Kong's Hang Seng indices. India's S&amp;P BSE Sensex, Japan's Nikkei 225, South Korea's Kospi, and Australia's ASX 200 indices fell. European markets were lower in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">Warren Buffett Indicator Soars To 208%, Surpassing Dot-Com, 2008 Levels</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

$BTC

AVAV

COIN

ETWO

FEIM

LEVI

MARA

MSTR

ONDS

PSMT

RCAT

RIOT

UAVS

WDFC

US Stocks Expected To Open Lower, But Bitcoin-Exposed Stocks Soar In Premarket After BTC Breaches $118K Mark

Needham analyst Laura Martin maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $1126 to $1500.

NFLX

Needham Maintains Buy on Netflix, Raises Price Target to $1500

Marco Rubio, the U.S. Secretary of State, met with Wang Yi, China&#8217;s Foreign Minister, in Kuala Lumpur on Friday. This meeting comes at a time of escalating trade tensions between the two global powers.
What Happened: Rubio&#8217;s visit to Malaysia marks his first trip to Asia since taking office. He is attending the East Asia Summit and ASEAN Regional Forum, where he is engaging with counterparts from Japan, China, South Korea, Russia, Australia, India, the European Union, and Southeast Asian states, reported Reuters.
The meeting with Wang Yi is taking place amidst a global escalation over President Donald Trump&#8216;s tariffs. China has warned the U.S. against re-imposing substantial tariffs on its goods next month and has threatened to retaliate against countries that cut China out of their supply chains.
See Also: <a href="https://benzinga.com/news/politics/25/07/46360686/trump-to-make-a-major-statement-on-russia-on-monday-amid-escalating-ukraine-conflict-im-disappointed">Trump To Make A &#8216;Major Statement&#8217; On Russia On Monday Amid Escalating Ukraine Conflict: &#8216;I'm Disappointed&#8230;&#8217; &#8211; Benzinga</a>
Rubio&#8217;s visit is part of a broader effort to shift U.S. focus towards the Indo-Pacific region and away from the conflicts in the Middle East and Europe that have dominated the Trump administration&#8217;s attention. However, this effort has been overshadowed by the recent announcement of significant U.S. tariffs on several Asian countries and U.S. allies.
Analysts believe that Rubio will use this visit to emphasize that the U.S. remains a more reliable partner than China, its primary strategic rival.
The State Department confirmed that Rubio also met with counterparts from Thailand, Cambodia, and Indonesia during his visit to Malaysia.
Why It Matters: The meeting between Rubio and Wang Yi comes at a crucial time in global trade relations. The U.S. has been intensifying its trade policies, as evidenced by the <a href="https://www.benzinga.com/markets/asia/25/07/46285151/trump-tariffs-japan-yen-etfs-market-reaction">recent announcement</a> of steep tariffs on several Asian countries and U.S. allies.
These concerns were echoed by former Vice President Mike Pence, who warned that the<a href="https://www.benzinga.com/news/politics/25/07/46360429/mike-pence-says-trumps-tariff-escalations-with-us-allies-are-like-dismissing-your-front-line-in-a-f"> U.S.&#8217;s tariff escalations</a> risk alienating its allies, potentially weakening its position in the ongoing trade disputes.
The U.S.&#8217;s trade tensions with China have also led to significant shifts in global trade patterns, with <a href="https://www.benzinga.com/markets/25/07/46335045/is-china-dodging-us-tariffs-direct-exports-to-america-plunge-43-as-vietnam-and-indonesia-see-big-spu">China&#8217;s exports to the U.S. plunging over 43%</a> year-over-year in May.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/politics/25/07/46360686/trump-to-make-a-major-statement-on-russia-on-monday-amid-escalating-ukraine-conflict-im-disappointe">Trump To Make A &#8216;Major Statement&#8217; On Russia On Monday Amid Escalating Ukraine Conflict: &#8216;I&#8217;m Disappointed&#8230;&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Maxim Elramsisy on Shutterstock.com

Politics

Marco Rubio Holds Talks With China's Wang Yi At East Asia Summit Amid Escalating US-China Trade Tensions

<a href="https://www.youtube.com/watch?v=8bmFLyMFIO4" title="https://www.youtube.com/watch?v=8bmFLyMFIO4">https://www.youtube.com/watch?v=8bmFLyMFIO4</a>

Macro Economic Events

Economics

Secretary Of State Rubio Said Meeting With China Was Very Constructive; Said Some Issues Still Need To Be Worked Through

Transport Canada, the apex regulatory body in Canada that oversees transport regulations in the country, cleared Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) of any wrongdoing in Canada's Incentives for Zero Emission Vehicles (iZEV) rebate program.
What Happened: The agency said it was clearing the EV giant of fraud after launching a probe following over 8,563 rebate claims filed by four Tesla stores in Canada in a single weekend in January 2025, Drivetesla Canada reported <a href="https://driveteslacanada.ca/news/canada-clears-tesla-in-izev-rebate-investigation-43m-payment-unfrozen/">on</a> Friday.
The rebates were worth over $43.2 million, which was almost half of the remaining $71.8 million budget, the report says. Tesla had claimed the timeframe was a result of backlogged deliveries and said that the rules of the program said post-delivery submissions of the rebate claims were lawful.
Questions were first raised when the four stores, including an outlet in Quebec that filed over 4,000 claims in a single day, spanned over 88.7% of the total claims, the report suggests.&nbsp;
Tesla, however, will still be excluded from any future iZEV program due to U.S. tariffs as well as "geopolitical tensions" with CEO Elon Musk, the report outlined.
Why It Matters: The news comes as Tesla sales have been dwindling in Canada, with researchers suggesting that the figures have "<a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">almost reached zero.</a>" Tesla's sales in Quebec <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">fell by over 87%</a>, according to data released by Quebec's SAAQ.&nbsp;&nbsp;
Tesla's sales also experienced <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">double-digit declines</a> in Europe, with sales in Denmark and Sweden down more than 60% in the two Scandinavian countries.
Elsewhere, Tesla has <a href="https://www.benzinga.com/markets/tech/25/07/46337215/tesla-is-basically-hijacked-by-elon-musk-says-ross-gerber-calling-it-completely-ridiculous-america-party-is-the-worst-news-for-tsla">been under fire</a> from experts like Gerber-Kawasaki's co-founder Ross Gerber, for Musk's political activities with the "America Party" as well as dwindling sales.&nbsp;
Recently, Tesla announced it will hold its <a href="https://www.benzinga.com/markets/tech/25/07/46359669/teslas-annual-shareholder-meeting-set-for-november-6th-dan-ives-says-elon-musks-pay-package-in-the-spotlight">annual shareholder meeting</a> after pressure from major investors, who expressed concerns about Musk's politics and rising tensions with President Donald Trump.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="200" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3-1024x200.jpg" alt="" class="wp-image-981456" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3-1024x200.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3-768x150.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3-1536x300.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11045025/TSLA-JUL-11-2025-3.jpg 1568w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers poor Momentum and Value, while scoring well on the Growth metric and offering satisfactory Quality. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46360024/trump-nominates-tesla-critic-to-lead-nhtsa-amid-rising-tensions-with-elon-musk">Trump Nominates Tesla Critic To Lead NHTSA Amid Rising Tensions With Elon Musk</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Elon Musk's Tesla Cleared Of Fraud By Canada In $43 Million ZEV Rebates Case: Report

Office of Management and Budget Director Russ Vought launched a scathing attack on Federal Reserve Chair Jerome Powell on Thursday, accusing him of gross fiscal mismanagement over cost overruns on the Fed&#8217;s headquarters renovation project.
What Happened: The renovation costs have ballooned to $2.5 billion, roughly $700 million over initial estimates, according to Vought&#8217;s letter to Powell. The project includes terrace rooftop gardens, water features, VIP elevators, and premium marble fixtures at $1,923 per square foot—double the cost of renovating ordinary federal buildings.
&#8220;The Palace of Versailles would have cost $3 billion in today&#8217;s dollars,&#8221; Vought wrote on X, highlighting the project&#8217;s extravagant scope.
The controversy centers on apparent contradictions between Powell&#8217;s June 25 Senate Banking Committee testimony and the original renovation plans approved by the National Capital Planning Commission in September 2021. Powell testified there were &#8220;no VIP dining rooms&#8221; and &#8220;no new marble,&#8221; claiming inflammatory media reports were inaccurate.
However, Vought&#8217;s letter references specific pages in the NCPC-approved plans detailing private dining rooms, marble features, and elevator extensions that directly contradict Powell&#8217;s testimony. The project allocates 512 square feet per employee, significantly exceeding OMB&#8217;s recommended 150 square feet.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Chairman Jerome Powell has grossly mismanaged the Fed. While continuing to run a deficit since FY23 (the first time in the Fed&#39;s history), the Fed is way over budget on the renovation of its headquarters. Now up to $2.5 billion, roughly $700 million over its initial cost.… <a href="https://t.co/lHK4cWlAvf">pic.twitter.com/lHK4cWlAvf</a>
&mdash; Russ Vought (@russvought) <a href="https://twitter.com/russvought/status/1943362774416883908?ref_src=twsrc%5Etfw">July 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The timing compounds political tensions as President Donald Trump continues pressuring Powell to slash interest rates by 3 percentage points. Trump has <a href="https://www.benzinga.com/news/politics/25/07/46336115/as-trump-calls-for-3-percentage-point-rate-cut-too-late-jerome-powell-to-resign-june-fed-minutes-show-uncertainty-reigns-supreme">repeatedly called for Powell&#8217;s resignation</a>, dubbing him &#8220;Too Late&#8221; for maintaining the federal funds rate at 4.25%-4.5%.
The Fed has maintained elevated rates partly due to uncertainty over Trump&#8217;s tariff policies, with &#8220;uncertainty&#8221; a<a href="https://www.benzinga.com/news/politics/25/07/46336115/as-trump-calls-for-3-percentage-point-rate-cut-too-late-jerome-powell-to-resign-june-fed-minutes-show-uncertainty-reigns-supreme">ppearing 28 times in the June meeting minutes</a>. Powell acknowledged that tariffs deterred the Fed from easing monetary policy this year.
Vought demanded Powell respond within seven business days, raising questions about potential National Capital Planning Act violations if construction proceeded without proper approvals for plan changes.
The controversy adds fuel to Trump&#8217;s campaign to replace Powell when his term expires in May 2026, with Treasury Secretary Scott Bessent suggesting a replacement could be <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46213909/jerome-powell-says-trumps-tariffs-deterred-fed-from-easing-monetary-policy-july-decision-to-depend-on-data-wouldnt-take-any-meeting-off-the-table">nominated as early as October</a>.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46361438/trump-says-i-dont-know-who-paused-ukraine-weapon-shipments-hegseth-did-not-inform-the-white-house-report">Trump Says &#8216;I Don&#8217;t Know&#8217; Who Paused Ukraine Weapon Shipments—Hegseth Did Not Inform The White House: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Jerome Powell Has 'Grossly Mismanaged,' Says Russ Vought As Fed HQ Renovation Costs Soar To $2.5 Billion: 'The Palace Of Versailles Would Have Cost $3 Billion'

Press Releases

nlight Announces Global Launch of 2-Kilowatt Dynamic Beam Shaping Laser, Unleashing New Levels of Productivity for Laser Powder Bed Fusion

Comments

nLight

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO