Ultime notizie per Phio Pharma (NASDAQ:PHIO) Azioni

Phio Pharma

Phio Pharmaceuticals Corp is a clinical-stage biotechnology company whose proprietary INTASYL self-delivering RNAi technology platform is designed to make immune cells more effective in killing tumor cells. The Company is developing therapeutics that are designed to leverage INTASYL to precisely target specific proteins that reduce the body's ability to fight cancer, without the need for specialized formulations or drug delivery systems.

After being publicly <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46305934/musk-tells-tesla-analyst-dan-ives-to-shut-up-but-hes-not-backing-down-this-is-the-time-for-a-plan">told to "shut up"</a> by Elon Musk, longtime Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull Dan Ives said that the tech mogul is entitled to his opinion.
What Happened: Ives, a tech analyst at Wedbush Securities and one of <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45841922/tesla-remains-the-most-undervalued-ai-play-dan-ives">Tesla's most vocal supporters</a>, appeared on Bloomberg News.
During the conversation, he was asked about Musk's now viral reaction to Ives&#8217; call for Tesla&#8217;s board to create 25% voting control for the billionaire, set boundaries to ensure Musk spends a certain amount of time at the EV giant and oversight of his political endeavors.&nbsp;
In response, Ives said that following Musk's remark, he was sent hundreds of "shut up, Dan" memes, but "that's cool."
"To me, I just actually view it more as like he has his right to an opinion. I disagree. I&#8217;m a huge supporter of him and Tesla, but I&#8217;m more focused on it creating dialogue," Ives said.
See Also: <a href="https://www.benzinga.com/markets/asia/25/07/46314532/elon-musk-led-tesla-records-9-surge-in-june-model-y-sales-in-china">Elon Musk-Led Tesla Records 9% Surge in June Model Y Sales In China</a>
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Earlier, Ives told CNBC that he's not going stop pressing the issue just because Musk doesn't agree. He went on to say that Tesla shareholders' patience is running thin and Musk is still the company's greatest asset.
Why It's Important: Earlier this month, after Musk announced his "America Party," Ives called it the <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">opposite of what investors want</a>.
&#8220;Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that most Tesla investors want him to take during this crucial period for Tesla,&#8221; he said at the time.
Ives has also maintained his bullish stance on Tesla, projecting a $500 price target and a <a href="https://www.benzinga.com/markets/equities/25/07/46192638/tesla-is-one-of-the-two-best-physical-ai-plays-says-dan-ives-as-he-expects-2-trillion-in-valuation-were-not-even-factoring-optimus">$2 trillion valuation</a>. He previously called Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla the top physical AI plays in the market right now.
Tesla currently has an average price target of $309.36, based on the estimates of 28 analysts. The three latest updates — from Mizuho, Guggenheim and Wedbush set an average target of $350, suggesting a potential upside of 18.16%.
Price Action: TSLA shares edged up 0.11% in after-hours trading after falling 0.65% during regular market hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that TSLA is trending downward in the short term but shows an upward trend over the medium and long term. While its growth score remains strong, its value rating is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232233/Screenshot-2025-07-10-at-8.48.52%E2%80%AFAM.png" alt="" class="wp-image-979199" /></a></figure>
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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</ul>

News

Tech

NVDA

TSLA

Elon Musk Asked Dan Ives To 'Shut Up' And The Tesla Bull Says 'That's Cool': Here's Why

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) briefly hit <a href="https://www.benzinga.com/markets/tech/25/07/46326271/nvidia-breaks-4-trillion-barrier-benzinga-poll-predicted-it-first">$4 trillion market</a> cap. Meanwhile, its rival Silicon Valley startup Groq is reportedly aiming to raise fresh capital at a $6 billion valuation to fulfill a major Saudi contract.
What Happened: Groq has spoken to investors about raising between $300 million and $500 million to support its expansion efforts, particularly tied to a $1.5 billion agreement with Saudi Arabia to deliver advanced AI inference chips, reported Reuters (<a href="https://www.theinformation.com/articles/nvidia-challenger-groq-discusses-6-billion-valuation">via</a> The Information).
The startup told potential investors it expects to generate around $500 million in revenue this year from its contracts in the Gulf nation.
Read Also:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant" target="_blank" rel="noreferrer noopener">Humble Beginnings: Like NVIDIA, Reddit Was Founded Inside A Restaurant</a>
Groq's chips are designed to process and execute commands of pre-trained AI models with high speed and efficiency — a direct challenge to Nvidia.
Why It's Important: In May, it was reported that Saudi Arabia's sovereign wealth <a href="https://www.benzinga.com/tech/25/05/45402126/mohammed-bin-salman-launches-saudi-ai-firm-humain-led-by-ex-aramco-digital-ceo-as-trump-hails-golden-era-with-600-billion-in-us-deals">fund-backed AI firm</a>, HUMAIN, has chosen Groq to handle its inference operations.
HUMAIN, backed by Saudi Arabia's Public Investment Fund and chaired by Crown Prince Mohammed bin Salman, was created to unify the nation's AI investments into one company offering AI services, data centers, cloud solutions and an Arabic large language model.
In its last funding round in August 2023, Groq raised $640 million at a $2.8 billion valuation from investors including Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners.
Earlier this month, Groq opened its first European data center in Helsinki, Finland, to support its global expansion and meet growing AI demand in Europe.
Photo Courtesy: YAKOBCHUK V on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

Nvidia Rival Groq Reportedly Eyes $6 Billion Valuation, Cisco And Samsung-Backed Company Looks To Double Valuation Amid Surging AI Chip Demand

Pop Culture Group Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPOP#NASDAQ">CPOP</a>) experienced a surge of 42.25% in its stock value during <a href="https://www.google.com/finance/quote/CPOP:NASDAQ?sa=X&amp;ved=2ahUKEwjvr6uvrrGOAxVDyzgGHcSnKXEQ3ecFegQIMxAb">after-hours trading</a> on Wednesday. This comes after the company successfully completed a private placement, raising $30.5 million.
What Happened: Pop Culture Group, a China-based company focused on developing and hosting hip-hop and other entertainment events, completed a private placement on July 4, 2025. The company entered into subscription agreements with ten non-U.S. investors for the sale of 50 million Class A ordinary shares at $0.50 and 10 million Class B ordinary shares at $0.55. The transaction was finalized on July 8, 2025, generating gross proceeds of <a href="https://www.stocktitan.net/sec-filings/CPOP/6-k-pop-culture-group-co-ltd-current-report-foreign-issuer-4440cb419460.html">$30.5 million</a>.
See Also: <a href="https://benzinga.com/crypto/25/07/46211872/bitcoin-ethereum-dogecoin-mirror-tech-stocks-sell-off-as-trumps-big-beautiful-bill-passes-senate-analyst-spots-rare-warning-for-btc">Bitcoin, Ethereum, Dogecoin Mirror Tech Stocks Sell-Off As Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Passes Senate: Analyst Spots &#8216;Rare Warning&#8217; For BTC</a>
These newly issued shares are exempt from U.S. registration requirements as all subscribers certified that they are not &#8220;U.S. persons&#8221; under Rule 902(k) of Regulation S. The company has not disclosed a specific allocation for the proceeds, leaving management with sole discretion over their use. The company&#8217;s Form 6-K filing, apart from the capital raise, contains no financial statements, operational updates, or earnings data.
Why It Matters: The completion of the private placement has had an impact on Pop Culture&#8217;s stock value, with a 42.45% surge in after-hours trading. This development follows several other <a href="https://www.benzinga.com/news/25/03/44434139/pop-culture-group-co-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency">notable events</a> for Pop Culture Group in 2025.
In February, the company&#8217;s shares <a href="https://www.benzinga.com/wiim/25/02/44005240/pop-culture-group-shares-are-trading-higher-after-the-company-announced-it-closed-the-acquisition-fo">rose</a> after it closed the acquisition for the equity interest in Xiamen Hand In Hand Network Technology.
In May, the company&#8217;s stock <a href="https://www.benzinga.com/news/earnings/24/05/38735624/why-pop-culture-group-stock-is-up">increased</a> following the release of an interim financial report showing an increase in overall operational performance.
Earlier this month, the company&#8217;s stock was among the <a href="https://www.benzinga.com/insights/movers/25/07/46242765/12-communication-services-stocks-moving-in-thursdays-pre-market-session">12 Communication Services Stocks</a> Moving In Thursday&#8217;s Pre-Market Session.
Price Action: According to <a href="https://www.benzinga.com/quote/CPOP">Benzinga Pro</a> data, CPOP closed at 13.93% higher at 0.70 per share.
Benzinga Edge Stock Rankings highlights Pop Culture Group has a strong Values core of 88.86. Here is<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> how the stock fares </a>on other parameters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="865" height="157" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454.png" alt="" class="wp-image-979240" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454.png 865w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454-300x54.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10000516/Screenshot-2025-07-10-093454-768x139.png 768w" sizes="(max-width: 865px) 100vw, 865px" /></a></figure>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: vectorfusionart on Shutterstock.com 
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Entertainment

Equities

Markets

CPOP

Pop Culture Group Shares Explode 42% After-Hours: What's Going On

President Donald Trump has announced he is appointing Transportation Secretary Sean Duffy as the interim NASA Administrator.
What Happened: The president took to social media platform Truth Social on Wednesday to make the announcement. "I am pleased to announce that I am directing our GREAT Secretary of Transportation, Sean Duffy, to be Interim Administrator of NASA," he said.
He outlined how Duffy had done a "TREMENDOUS" job in his role with the U.S. government, "creating a state-of-the-art Air Traffic Control System," he said. He lauded Duffy for making America's roads and bridges "efficient and beautiful again."
"He will be a fantastic leader of the ever more important Space Agency, even if only for a short period of time," Trump said in the post.
The announcement comes as over 2,145 senior employees are set to depart the space agency, mostly from the high-ranked GS-13 to GS-15 designations, reserved for personnel with specialized skills, Politico reported <a href="https://www.politico.com/news/2025/07/09/nasa-staff-departures-00444674">on</a> Wednesday.
The departure follows proposed budget cuts for NASA that would see over 5,000 personnel cut from the workforce and budget slashed by 25%, the report suggests.
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="680" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2.jpg" alt="" class="wp-image-979201" style="width:402px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2.jpg 680w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09232435/Trump-truth-social-2-300x240.jpg 300w" sizes="(max-width: 680px) 100vw, 680px" /></figure>
Source: Truth Social
Why It Matters: The news comes as Trump had previously appointed and later <a href="https://www.benzinga.com/cannabis/25/06/45715861/donald-trump-withdraws-jared-isaacmans-nomination-for-nasa-administrator-says-new-nominee-would-put-america-first-in-space">withdrawn Jared Isaacman&#8216;s nominatio</a>n for the administrator position, citing Isaacman's previous political associations.
Trump's removal of Isaacman served as a point of contention between him and <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">SpaceX CEO Elon Musk</a>, who is a close associate of Isaacman. It's worth noting that Isaacman shared Musk's vision to visit Mars. &#8220;We will prioritize sending American astronauts to Mars,&#8221; Isaacman had said in the U.S. Senate.
Elsewhere, the U.S. government allocated over $1.25 billion towards the operations of the International Space Station, despite Musk's repeated calls <a href="https://www.benzinga.com/news/space/25/07/46241328/elon-musk-calls-for-retiring-international-space-station-after-trumps-tax-bill-allocates-over-1-25-billion-to-it-its-time-to-focus-on-mars">to de-orbit the ISS</a>, citing safety concerns.
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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Photo courtesy: Pandora Pictures / Shutterstock.com

SPACE

Trump Appoints Transportation Secretary Sean Duffy As Interim NASA Administrator

Perplexity AI launched its Comet web browser on Wednesday, following Alphabet Inc.&#8217;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 Chrome&#8217;s rejection of the startup&#8217;s offer to become a default search engine option, according to CEO Aravind Srinivas.
What Happened: &#8220;I reached out to Chrome to offer Perplexity as a default search engine option a long time ago. They refused. Hence we decided to build Perplexity Comet browser,&#8221; Srinivas wrote on X Wednesday.
The move escalates competition in the browser market, where Google Chrome maintains a dominant market share. Perplexity&#8217;s entry comes as the San Francisco-based company, backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), <a href="https://www.benzinga.com/news/financing/25/05/45358069/perplexitys-14-billion-valuation-ignites-google-search-engine-shakeup">carries a $14 billion valuation</a> from its latest funding round, up from $9 billion in November.
Comet positions itself as an artificial intelligence-powered browser that transforms browsing into &#8220;thinking,&#8221; according to Perplexity&#8217;s announcement. The browser integrates conversational AI capabilities, allowing users to ask questions directly without traditional search navigation. The company describes the shift as moving &#8220;from navigation to cognition.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I reached out to Chrome to offer Perplexity as a default search engine option a long time ago. They refused. Hence we decided to build <a href="https://twitter.com/PerplexityComet?ref_src=twsrc%5Etfw">@PerplexityComet</a> browser.
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1942993484341776729?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46335141/elon-musk-is-the-most-productive-human-being-on-earth-says-ark-invests-cathie-wood-facts-are-facts">Elon Musk Is The &#8216;Most Productive Human Being On Earth,&#8217; Says Ark Invest&#8217;s Cathie Wood: &#8216;Facts Are Facts&#8217;</a>
Why It Matters: The browser launch follows mounting speculation about potential acquisition targets for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). Wedbush Securities analyst Dan Ives called a Perplexity acquisition &#8220;a no-brainer&#8221; for Apple, citing the tech giant&#8217;s need to <a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">strengthen its AI capabilities</a> amid criticism of Siri and delayed Apple Intelligence features.
Perplexity&#8217;s search engine provides inline citations and sources, differentiating it from traditional search results. 
The startup&#8217;s revenue continues growing, with CEO Srinivas stating &#8220;no plans of IPOing before 2028&#8221; during a Reddit discussion <a href="https://www.benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoing-before-2028">addressing financial stability concerns</a>. Major investors include Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos and SoftBank Group Corp.
Comet launches initially for Perplexity Max subscribers, with invite-only access rolling out through summer. The browser represents Perplexity&#8217;s boldest challenge to Google&#8217;s web ecosystem as AI search competition intensifies across the technology sector.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

AMZN

GOOG

GOOGL

Google Rejected Perplexity's Request To Become A Default Search Engine Option On Chrome: AI Startup Fires Back With 'Comet' Browser

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;urged Congress to implement stricter regulations on digital assets on Wednesday, citing concerns over President Donald Trump&#8217;s &#8220;superhighway of crypto corruption.&#8221; 
What Happened: During a Senate Banking, Housing, and Urban Affairs Committee hearing, Warren cautioned that any cryptocurrency regulation should not have &#8220;massive unintended consequences.&#8221;
&#8220;President Trump has made it impossible to have a conversation about cryptocurrency legislation that doesn't address his most successful grift yet,&#8221; the senior Democrat said.
Warren cited a recent New York Times <a href="https://www.nytimes.com/interactive/2025/07/02/business/donald-trump-wealth-net-worth.html">report </a>that found crypto to be the most significant source of Trump&#8217;s wealth.
&#8220;If Congress is going to ratify a sweeping crypto regulatory regime, it is critical we shut down the President's superhighway of crypto corruption,&#8221; Warren said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Congress is going to ratify a sweeping crypto regulatory regime, it is critical we shut down the President's superhighway of crypto corruption. <a href="https://t.co/B0KmMO57MY">pic.twitter.com/B0KmMO57MY</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1943029556027212035?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
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During the hearing, Warren sought insights from legal scholar and former chief White House ethics lawyer Richard W. Painter on the potential impacts of&nbsp;a new federal regulatory framework&nbsp;for the Trump family&#8217;s cryptocurrency ventures.
&#8220;It will make him very&nbsp;rich. Richer than he already&nbsp;is,&#8221; Painter said, when asked about the impact on the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin.
Warren further inquired about who would have&nbsp;the power to appoint and&nbsp;dismiss regulators implementing new rules governing crypto holdings if the bill passes. Painter responded, &#8220;The President of the United&nbsp;States.&#8221;
The White House didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46298615/trump-medias-new-crypto-blue-chip-etf-filing-comes-with-a-twist">Trump Media&#8217;s New &#8216;Crypto Blue Chip ETF&#8217; Filing Comes With A Twist</a>
Why It Matters: This investigation follows&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45399468/elizabeth-warren-calls-out-trump-linked-stablecoin-as-a-national-security-risk-hes-cashing-in-on-foreign-crypto-deals">Warren&#8217;s previous criticism</a>&nbsp;of the Trump family&#8217;s involvement in the stablecoin space, which she labeled a potential threat to national security and a conduit for corruption. She specifically expressed concerns about the dollar-pegged cryptocurrency USD1
Warren&nbsp;<a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">urged Congress to vote against</a>&nbsp;the GENIUS Act, also known as the stablecoin bill, because it would enable Trump's "crypto corruption." The bill eventually passed the Senate.
Moreover, Trump reported incomes<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income" target="_blank" rel="noreferrer noopener">&nbsp;exceeding $57 million</a>&nbsp;from&nbsp;World Liberty Financial, the firm behind USD1, in his latest disclosure, leading to further scrutiny of his cryptocurrency ventures.
Photo Courtesy: Sheila Fitzgerald On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Politics

$TRUMP

Elizabeth Warren Says Critical That Trump's 'Superhighway Of Crypto Corruption' Be Shut Down

Melinda French Gates says she will not bankroll her daughter's new fashion-tech venture, arguing that the startup must prove itself the same way any "real business" does.
What Happened: "She got capitalized not because of my contacts, not because of me," the billionaire philanthropist <a href="https://fortune.com/2025/07/08/melinda-french-gates-reveals-shes-refusing-to-fund-her-gen-z-daughters-new-startup-despite-being-worth-nearly-31-billion/">told</a> the Power of Women's Sports Summit, according to Fortune. "I wouldn't put money into it," she added, insisting her daughter learn how to navigate the sting of rejection on her own.
The stance echoes ex-husband Bill Gates' long-held pledge that their three children will inherit "<a href="https://www.benzinga.com/25/04/44579813/bill-gates-declares-that-his-children-would-inherit-less-than-1-of-his-fortune-i-am-not-asking-them-to-run-microsoft">less than 1%</a>" of his fortune and must "make their own way."
French Gates, whose net worth exceeds $30 billion, told the audience a real venture must attract outside backers and become resilient through rejection See Also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46316239/f1s-293m-10-day-haul-lands-apple-its-first-box-office-smash-giving-formula-1-huge-u-s-visibility">F1&#8217;s $293M 10-Day Haul Lands Apple Its First Box Office Smash, Giving Formula 1 Huge U.S. Visibility</a>
Though French Gates did not name which daughter, 22-year-old Phoebe Gates <a href="https://www.benzinga.com/news/25/05/45184302/bill-gates-daughter-launches-phia-a-850k-ai-powered-fashion-app-with-backing-from-kris-jenner-and-desiree-gruber">recently launched Phia</a>, an AI-powered platform that compares prices from 40,000 retailers. Phia's seed round, roughly $850,000 so far, came from Soma Capital, a Stanford social-impact grant and angel investors, not family money. Celebrity backers such as Kris Jenner have since joined.
Why It Matters: French Gates said the tough-love approach is especially critical for women in tech, where just <a href="https://ff.co/women-funding-statistics-2025/">2.3% of global venture capital</a> went to all-female founding teams last year. "It is very, very hard to get your business funded if you're a woman," she warned.
Tennis legend Billie Jean King, seated beside her, agreed, saying, &#8220;To your point, like your daughter has figured out how to get this first business started — that's amazing. I don't think it'll ever fail—she'll get feedback from every situation.
Phoebe Gates has embraced that mantra, telling a podcast recently that investor skepticism about her age and future motherhood left her in tears <a href="https://www.benzinga.com/tech/25/05/45162723/bill-gates-daughter-phoebe-says-mom-melinda-gave-tough-love-advice-after-investors-questioned-motherhood-plans-get-up-or-get-out-the-game">until her mom advised</a>, "Get up or get out of the game, sis."
Photo Courtesy: ibragimova on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46314839/vc-insists-only-996-culture-can-propel-toward-billion-dollar-startups-but-reveals-there-is-nuance">VC Insists Only &#8216;996&#8217; Culture Can Propel Toward Billion-Dollar Startups, But Reveals &#8216;There Is Nuance&#8217;</a></li>
</ul>

Startups

Melinda French Gates Reveals Why She Won't Fund Her Daughter's Startup, Says Others Should Back It If Its A 'Real Business'

IGC Pharma Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGC#NYSE">IGC</a>) witnessed a surge of 69.40%&nbsp; in its stock value during after-hours trading on Wednesday.
What Happened: The stock of IGC Pharma, a company involved in the development of cannabinoid-based therapies for Alzheimer&#8216;s disease, <a href="https://www.google.com/finance/quote/IGC:NYSEAMERICAN?sa=X&amp;ved=2ahUKEwieuY3jmbGOAxWKbmwGHX-XCkcQ3ecFegQINRAb">rose by 69.40%</a> to $0.62. This surge followed the closing price of $0.37 on Wednesday.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46312778/scott-bessent-never-made-time-for-japans-trade-negotiator-says-economist-yet-the-us">Scott Bessent Never &#8216;Made Time&#8217; For Japan&#8217;s Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?</a>
IGC Pharma&#8217;s stock has been on a rollercoaster ride recently. The company&#8217;s stock value had dropped to $0.32 on Tuesday, but it has now rebounded in after-hours trading.
Why It Matters: IGC Pharma has been making significant strides in its field. In June, the company highlighted its fiscal year 2025 with <a href="https://www.benzinga.com/general/biotech/25/06/46167742/igc-pharma-highlights-fiscal-year-2025-with-clinical-progress-and-alzheimers-drug-development-adv">clinical progress and Alzheimer&#8217;s drug development advances</a>. This included the presentation of a scientific poster titled &#8220;Genetic Toxicity Evaluation Of Melatonin In The Bacterial Reverse Mutation Assay,&#8221; at the 2025 <a href="https://investor.igcpharma.com/igc-pharma-presents-genetic-toxicology-safety-data-on-api-in-igc-ad1-at-the-2025-genetic-toxicology-association-meeting/">Genetic Toxicology Association Annual Meeting</a>.
IGC Pharma also <a href="https://www.benzinga.com/insights/earnings/25/06/46140110/insights-ahead-igc-pharmas-quarterly-earnings">beat analyst estimates in its fourth-quarter earnings, reporting an earnings</a> per share of $(0.01) and sales of $330 million, which beat the $305 million estimate. 
Earlier in July, IGC Pharma was also <a href="https://www.benzinga.com/insights/movers/25/07/46332784/12-health-care-stocks-moving-in-wednesdays-after-market-session">listed among the top health care stocks</a> that were moving in the after-market session. This indicates that the company has been attracting investor attention.
Price Action: IGC Pharma shares closed the Wednesday market session 14.02% higher at $0.37 per share- <a href="https://www.benzinga.com/quote/IGC">Benzinga Pro Data</a>
Benzinga Edge Stock Rankings shows IGC stock has Momentum in the 20th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="857" height="163" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230.png" alt="" class="wp-image-979160" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230.png 857w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230-300x57.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09224248/Screenshot-2025-07-10-081230-768x146.png 768w" sizes="(max-width: 857px) 100vw, 857px" /></a></figure>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: kikpokemon on Shutterstock.com
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Biotech

Health Care

 IGC

Massive 69.4% Surge for IGC Pharma in After-Hours Trading: Here's Why

Investor Cathie Wood, the CEO of Ark Invest, offered one of her most emphatic endorsements yet of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk, calling him &#8220;the most productive human being on earth and in space in history.&#8221;
What Happened: On Wednesday, Wood shared a post on X, crediting Musk for &#8220;harnessing breakthroughs in AI, robotics, and energy storage,&#8221; which she says makes him the most productive human. 
&#8220;Facts are facts,&#8221; she says, while sharing an earlier post by former Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CTO, Balaji Srinivasan, who praised Musk&#8217;s rare ability to build complex hardware companies such as Tesla and SpaceX, at scale, while juggling several other ventures across AI, brain-computer interfaces, and tunneling technology.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46307371/musk-vs-trump-tesla-ceo-is-down-87-billion-in-2025-but-still-worth-49x-more-than-trump-media-trump-coin">Musk Vs. Trump: Tesla CEO Is Down $87 Billion In 2025 But Still Worth 49X More Than Trump Media &amp; Trump Coin</a>
&#8220;Hardware is hard,&#8221; Srinivasan said in his post, since &#8220;even one serious bug can destroy your company,&#8221; leading him to laud the fact that Musk accomplished all this amid crises, regulatory pressure, and personal chaos, while comparing him to the likes of Srinivasa Ramanujan and Michael Jordan.
<figure class="wp-block-embed aligncenter 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">Harnessing breakthroughs in AI, robotics, and energy storage, <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> is the most productive human being on earth and in space in history. Facts are facts. <a href="https://t.co/o3EvzTl26o">https://t.co/o3EvzTl26o</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1943110385667617199?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: Wood has been a longtime Tesla bull and an ardent Musk supporter, with shares of the EV giant being Ark Invest&#8217;s biggest holding across its family of ETFs, accounting for 7.56% of its total assets under management, or $916 million.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">ETF</td>
<td class="has-text-align-center" data-align="center">Weight</td>
<td class="has-text-align-center" data-align="center">Market Value</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>)</td>
<td class="has-text-align-center" data-align="center">9.38%</td>
<td class="has-text-align-center" data-align="center">$628.7 Million</td>
<td class="has-text-align-center" data-align="center">+27.21%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) </td>
<td class="has-text-align-center" data-align="center">6.81%</td>
<td class="has-text-align-center" data-align="center">$140.0 Million</td>
<td class="has-text-align-center" data-align="center">+37.48%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>)</td>
<td class="has-text-align-center" data-align="center">10.67%</td>
<td class="has-text-align-center" data-align="center">$109.0 Million</td>
<td class="has-text-align-center" data-align="center">+16.60%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Combined</td>
<td class="has-text-align-center" data-align="center">7.56%</td>
<td class="has-text-align-center" data-align="center">$916.7 Million</td>
<td class="has-text-align-center" data-align="center">-21.99%</td>
</tr>
</tbody>
</table>
</figure>
Analyst Dan Ives of Wedbush Securities believes Tesla is &#8220;the most undervalued AI play,&#8221; while maintaining an &#8220;Outperform&#8221; rating on the stock, with a <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45841922/tesla-remains-the-most-undervalued-ai-play-dan-ives">Price Target of $500</a>, representing a 68.9% upside from current levels. 
The <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">consensus price target</a> for the stock now stands at $309, or an upside of 4.4% from its current levels.
Price Action: Shares of Tesla were down 0.65% on Wednesday, trading at $295.88, and are up 0.11% after hours. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-1024x149.png" alt="" class="wp-image-979170" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09225703/Screenshot-2025-07-10-at-8.26.54-AM.png 1524w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla scores high on Growth and has a favorable price trend in the medium and long terms, but not in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors.
Photo courtesy: Mijansk786 / Shutterstock.com
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46305934/musk-tells-tesla-analyst-dan-ives-to-shut-up-but-hes-not-backing-down-this-is-the-time-for-a-plan">Musk Tells Tesla Analyst Dan Ives To &#8216;Shut Up,&#8217; But He&#8217;s Not Backing Down: &#8216;This Is The Time For &#8230; A Plan&#8217;</a></li>
</ul>

Large Cap

ARKK

ARKQ

ARKW

COIN

Elon Musk Is The 'Most Productive Human Being On Earth,' Says Ark Invest's Cathie Wood: 'Facts Are Facts'

Elon Musk on Tuesday contrasted the lack of action against individuals on Jeffrey Epstein&#8217;s alleged client list to the controversial euthanasia of pet squirrel "Peanut" last year.
What happened: In an X post, Musk used the popular &#8220;The Office&#8221; meme to criticize what he perceived as hypocrisy in the justice system.
"They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list," the world's richest man said.
<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">They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list. Government is deeply broken. <a href="https://t.co/YndRadQUBE">pic.twitter.com/YndRadQUBE</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1942636971450589642?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/25/07/46290594/elon-musks-america-party-inspires-wild-memecoin-surge-one-token-jumps-129-in-24-hours">Elon Musk&#8217;s &#8216;America Party&#8217; Inspires Wild Memecoin Surge — One Token Jumps 129% In 24 Hours</a>
Why It Matters: Peanut's seizure and subsequent euthanasia ignited public outrage and became a major flashpoint before the presidential elections last year. The controversy also spawned a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based memecoin Peanut the Squirrel&nbsp;(PNUT).
The officials had expressed grief over Peanut's death but stated that it had to be done due to potential rabies exposure. Rabies testing eventually came up negative.
Musk, who was siding with Republicans then, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41927379/elon-musk-says-the-prophecy-has-been-fulfilled-peanut-the-squirrel-themed-meme-coin-spikes-11">used the animal&#8217;s death</a> to target New York state officials and even said that President Donald Trump would &#8220;save the squirrels."
Fast forward to July 2025, Musk and Trump aren&#8217;t as friendly. 
The Tesla and SpaceX CEO has rued the lack of arrests in the Jeffrey Epstein&nbsp;row, and at one point, alleged that <a href="https://www.benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim">Trump&#8217;s name on the list</a> is the reason behind the lack of action. It&#8217;s worth noting that he later retracted the statement
Price Action:&nbsp; At the time of writing, PNUT was exchanging hands at $0.2354, up 5.59% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
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</ul>

$SOL

Elon Musk Says They 'Arrested' And 'Killed' Peanut The Squirrel But Didn't Try To File Charges In Epstein Client List — PNUT Token Soars 5%

On a day marked by mixed reactions to President Donald Trump&#8217;s <a href="https://www.benzinga.com/news/politics/25/07/46313013/trumps-tariff-letters-spark-high-level-of-uncertainity-and-volatility-says-economist-mohamed-el-erian">tariff letters</a>, the stock market displayed a surprising calm. The Dow Jones Industrial Average rose 0.5% to 44,458.30, while the S&amp;P 500 gained 0.6% to 6,263.26. The Nasdaq also gained almost a percent to 20,611.34.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
WK Kellogg Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>)
Kellogg&#8217;s stock soared by 3.49%, closing at $17.50. The stock&#8217;s intraday high and low were $17.67 and $16.88, respectively, with a 52-week range of $14.80 to $22.21. The shares spiked 56.46% to $27.38 in after-hours trading. This surge followed a report that Ferrero, an Italian candy company, is <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46332395/wk-kellogg-stock-pops-50-on-potential-3-billion-acquisition">nearing a deal</a> to acquire Kellogg for roughly $3 billion.
NVIDIA Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s shares rose by 1.80%, closing at $162.88. The intraday high was $164.42, the low was $161.16, and the 52-week range is $86.63 to $164.42. The company&#8217;s market capitalization <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46321541/nvidia-hits-4-trillion-market-cap-stock-surges-to-all-time-high">crossed the $4 trillion threshold</a> following a reaffirmation from key customer OpenAI of its commitment to using Nvidia&#8217;s AI chips.
See Also:&nbsp;<a href="https://benzinga.com/crypto/25/07/46334779/bitcoin-breaks-112000-ethereum-dogecoin-surge-amid-growing-institutional-interest-nvidia-driven-tech-rally-experienced-trader-peter-brandt-says-i-am-long-btc" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $112,000, Ethereum, Dogecoin Surge Amid Growing Institutional Interest, Nvidia-Driven Tech Rally: Experienced Trader Peter Brandt Says, &#8216;I Am Long BTC&#8217; &#8211; Grayscale Bitcoin Mini Trust (B</a>
Costco Wholesale Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)
Costco&#8217;s shares dipped slightly by 0.38%, closing at $982.09. The intraday high and low were $988.39 and $972.28, respectively, with a 52-week range of $793.03 to $1078.23. The company reported an 8% year-over-year increase in <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46333348/costco-shares-rise-after-sales-climb-8-in-june">net sales</a> for June, totaling $26.44 billion. Net sales rose 8% on a year-over-year basis.
Plug Power Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)
Plug Power&#8217;s stock skyrocketed by 25.35%, closing at $1.78. The intraday high and low were $1.85 and $1.43, respectively, with a 52-week range of $0.69 to $3.34. The company announced the renewal and expansion of a <a href="https://www.benzinga.com/markets/small-cap/25/07/46318132/plug-power-extends-key-hydrogen-partnership-powering-future-growth-through-2030">multi-year hydrogen supply agreement</a> with a U.S.-based industrial gas partner.
Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell by 0.65%, closing at $295.88. The intraday high and low were $300.15 and $293.55, respectively, with a 52-week range of $182 to $488.54. The Elon Musk-led company is facing challenges due to the <a href="https://www.benzinga.com/markets/tech/25/07/46317032/tesla-copper-prices-god-candle-evs">surge in copper prices</a>, which has made building an EV pricier.
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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Photo Courtesy: khunkornStudio via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

COST

PLUG

WK Kellogg, Nvidia, Costco, Plug Power, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) briefly became the world's <a href="https://www.benzinga.com/markets/tech/25/07/46326271/nvidia-breaks-4-trillion-barrier-benzinga-poll-predicted-it-first">most valuable company</a>. Following this, Jim Cramer hailed the AI chipmaker as a national strategic asset and a powerful tool in America's trade tensions with China.
What Happened: Nvidia crossed a $4 trillion market cap during trading before closing at $3.97 trillion. The surge reaffirmed its place atop the global market, surpassing Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
"The fact is, neither Microsoft nor Apple can claim that they're currently creating a new industrial revolution, like Nvidia can," said Cramer, <a href="https://www.cnbc.com/2025/07/09/jim-cramer-reflects-on-nvidias-impact-after-record-breaking-market-cap.html">reported</a> CNBC.
"In fairness, they did create the last industrial revolution, the rise of the personal computer, although that was a long time ago," he added.
See Also:&nbsp;<a href="https://www.benzinga.com/25/05/45364850/mark-zuckerberg-once-set-up-brooklyn-nine-nine-star-andy-sambergs-facebook-account-then-personally-helped-him-with-tech-support-when-things-went-a-bit-haywire" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Once Set Up A Facebook Account For Brooklyn Nine-Nine Star Andy Samberg, Then Personally Played Tech Support When Things Went A Bit Haywire</a>
Reflecting on Nvidia's geopolitical significance, Cramer noted that Nvidia sometimes seems to be the U.S.&#8217;s "only bargaining chip" with China, citing Beijing's demand for Nvidia&#8217;s advanced AI hardware amid <a href="https://www.benzinga.com/markets/tech/25/06/45967009/nvidia-to-appear-at-chinas-top-supply-chain-expo-despite-escalating-us-china-chip-war-beijing-calls-participation-a-vote-of-confidence">ongoing U.S. export controls</a>.
Even though China remains one of the U.S.'s largest manufacturing partners, Cramer believes Nvidia represents a more powerful bargaining chip than anything China can leverage.
Cramer also praised Nvidia's role in shaping the future of technology, saying its chips are essential for generative AI, self-driving cars and humanoid robotics. "Every single computer with a GPU that's not as good as Nvidia's is obsolete," he said.
He concluded with a familiar refrain to investors: "Bottom line? Nvidia, own it, don't trade it," adding, "See you at $5 trillion."
Cramer also posted a signed photo from Nvidia CEO Jensen Huang on X, formerly Twitter, captioned, "Thank you Jensen!!! Thank you Nvidia!!"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you Jensen!!! Thank you Nvidia!! <a href="https://t.co/VIOf99PsIu">pic.twitter.com/VIOf99PsIu</a>
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1943075397651890372?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It's Important: Nvidia joined the exclusive club of <a href="https://www.benzinga.com/news/23/05/32630114/nvidia-becomes-ninth-company-to-hit-1-trillion-market-cap-who-could-be-next-to-join-elusive-club">trillion-dollar companies</a> in May 2023, becoming the ninth firm ever to reach a $1 trillion market value.
Since then, it has rapidly cleared additional valuation milestones, repeatedly struggling with Microsoft and Apple for the top spot as the world's most valuable company.
By reaching a $4 trillion market cap before both Microsoft and Apple, Nvidia not only cements its place in corporate history but also breaks Apple's run as the first U.S. company to hit the $1 trillion, $2 trillion and $3 trillion marks.
NVDA currently holds a consensus price target of $179.17, based on evaluations from 37 analysts. The three latest analyst updates by Citigroup, Mizuho, and Loop Capital set an average price target of $208.33, suggesting a potential upside of 27.53%.
Benzinga's Edge Stock Rankings indicate that NVDA continues to demonstrate a solid upward trend in the short, medium and long term. While the stock's growth score remains strong, its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09220402/Screenshot-2025-07-10-at-7.32.14%E2%80%AFAM.png" alt="" class="wp-image-979131" /></a></figure>
Photo courtesy: katz / Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

MSFT

Nvidia Sometimes Feels Like America's Only Bargaining Chip In Trade Standoff With China, Says Jim Cramer: 'Own It, Don't Trade It'

Tensions are flaring between the United States and Brazil following President Donald Trump&#8217;s threats of sweeping 50% tariffs on imports from the South American nation. 
What Happened: On Wednesday, Trump wrote a letter telling Brazilian President Luiz Inácio Lula da Silva that the trial of former President Jair Bolsonaro was &#8220;a Witch Hunt that should end IMMEDIATELY,&#8221; while accusing the nation of &#8220;insidious attacks on Free Elections,&#8221; which prompted the punitive trade measure. 
The letter further accused Brazil's Supreme Court of issuing &#8220;hundreds of SECRET and UNLAWFUL Censorship Orders to U.S. Social Media platforms,&#8221; threatening free speech and violating trade norms.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46313013/trumps-tariff-letters-spark-high-level-of-uncertainity-and-volatility-says-economist-mohamed-el-erian">Trump&#8217;s Tariff Letters Spark &#8216;High Level Of Uncertainity And Volatility,&#8217; Says Economist Mohamed El-Erian</a>
Trump also argues that Brazil's trade practices have resulted in &#8220;unsustainable Trade Deficits against the United States,&#8221; calling it a major threat to the economy, as well as national security.
As a result, Trump says in the letter that, effective August 1, all Brazilian goods would face a 50% tariff, with additional duties on goods routed through third countries. He also ordered the U.S. Trade Representative to launch a Section 301 investigation into Brazil's digital trade practices and market access barriers.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="680" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09214231/Screenshot-2025-07-10-at-7.12.17-AM-1024x680.png" alt="" class="wp-image-979115" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09214231/Screenshot-2025-07-10-at-7.12.17-AM-1024x680.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09214231/Screenshot-2025-07-10-at-7.12.17-AM-300x199.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09214231/Screenshot-2025-07-10-at-7.12.17-AM-768x510.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09214231/Screenshot-2025-07-10-at-7.12.17-AM.png 1186w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Screenshot from Donald Trump&#8217;s Truth Social Account
Lula has since pushed back, stating that his country &#8220;will not accept any form of tutelage&#8221; and defended the ongoing legal proceedings against Bolsonaro as a matter of judicial sovereignty.
Defending Brazil's regulatory actions, Lula says that &#8220;Brazilian society rejects hateful content, racism, child pornography, scams, fraud, and speeches against human rights and democratic freedom.&#8221; He also adds that &#8220;freedom of expression must not be confused with aggression or violent practices.&#8221;
He also challenged Trump&#8217;s claims on trade, stating that &#8220;Statistics from the U.S. government itself show a surplus of $410 billion in the trade of goods and services with Brazil over the past 15 years.&#8221; He says, any unilateral tariff hikes &#8220;will be addressed in accordance with Brazil's Economic Reciprocity Law.&#8221;
Lula concluded by establishing &#8220;sovereignty, respect, and the unwavering defense of the interests of the Brazilian people&#8221; as what guides his nation&#8217;s relationship with the world.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In light of the public statement made by U.S. President Donald Trump on social media on the afternoon of Wednesday (9), it is important to highlight the following: Brazil is a sovereign nation with independent institutions and will not accept any form of tutelage. The judicial…
&mdash; Lula (@LulaOficial) <a href="https://twitter.com/LulaOficial/status/1943094466903957505?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This comes just days after Trump threatened an &#8220;additional 10% tariff&#8221; on any country <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">that aligns itself</a> with the BRICS, an intergovernmental organization of which Brazil is one of the founding members. 
Former Trump ally, Elon Musk and his social media platform, X, have repeatedly tangled with Brazil&#8217;s top court in recent years. Last year, a judge called for an <a href="https://www.benzinga.com/news/24/08/40664929/brazil-judge-bans-x-after-months-long-feud-threatens-fines-of-nearly-9k-per-day-on-users-who-try-to">outright ban on X</a>, threatening daily fines for anyone who tried to circumvent the order.
The court then gave Musk 24 hours to <a href="https://www.benzinga.com/news/24/08/40623911/brazilian-supreme-court-tells-elon-musk-to-appoint-legal-representative-for-x-in-24-hours-or-face-su">appoint a legal representative</a> in Brazil or face a nationwide suspension of X, following the latter&#8217;s defiance of an earlier court order. 
Early this year, X was <a href="https://www.benzinga.com/media/25/02/43872696/elon-musks-x-hit-with-1-42-million-fine-from-brazil-judge-he-once-labeled-dictator">hit by a $1.42 million fine</a> by the nation&#8217;s Supreme Court for not complying with judicial orders, by Justice&nbsp;Alexandre de Moraes, who Musk had labelled a &#8220;dictator.&#8221;
Photo Courtesy: Joey Sussman on Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Copper Rallies To Record Highs After Trump&#8217;s 50% Tariff Bombshell: What&#8217;s Moving Markets Tuesday?</a></li>
</ul>

Government

Latin America

Macro Economic Events

Global

Economics

Trump Sends Lula A Letter Imposing 50% Tariffs, Calls Bolsonaro Trial A 'Witch Hunt' — Brazil's President Hits Back: 'Will Not Accept Any Form Of Tutelage'

Leading cryptocurrencies rallied on Wednesday&nbsp;on soaring institutional interest, Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) $4 trillion push.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:05 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.83%</td>
<td>$110,964.87</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+5.53%</td>
<td>$2,758.68</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.84%</td>
<td>$0.1790</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin hit a new all-time high above $112,000 late afternoon before easing to the early $111,000s overnight. The apex cryptocurrency's trading volume rose by over 38% in the last 24 hours.
Institutional appetite grew, with Bitcoin exchange-traded funds recording more than $75 million in net inflows as of July 9, <a href="https://sosovalue.com/assets/etf/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC">according </a>to SoSo Value.
Ethereum, the second-largest cryptocurrency, raced to an intraday high of $2,794, with trading volume surging by 68%.
The rally wiped out nearly $448 million in bearish shorts over the last 24 hours.
Bitcoin's open interest jumped 6.46% in the last 24 hours, signaling high speculative interest in the leading digital asset.&nbsp;
The "Greed" sentiment strengthened in the market, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:05 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>dogwifhat (WIF)</td>
<td>+12.08%</td>
<td>$0.9453</td>
</tr>
<tr>
<td>SPX6900 (SPX)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+10.98%</td>
<td>$1.51</td>
</tr>
<tr>
<td>Stellar (XLM)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.95%</td>
<td>$0.2858 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization surged to $3.46 trillion, following a 2.58% jump in the last 24 hours.
Stocks rallied on Wednesday. The Dow Jones Industrial Average spiked 217.54 points, or 0.49%, to end at 44,458.30. The S&amp;P 500 rose 0.61% to end at 6,263.26. The tech-heavy Nasdaq Composite climbed 0.95% to close at a record high of 20,611.34.
Artificial intelligence darling Nvidia spurred the rally, closing 1.77% higher and <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46321541/nvidia-hits-4-trillion-market-cap-stock-surges-to-all-time-high">exceeding the historic $4 trillion market capitalization milestone</a>.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm Santiment stated that Bitcoin's breakout followed panic selling by retailers who were dropping out due to "boredom or disbelief."
"History has shown that this is a prime sign of a potential breakout, as crypto markets typically move the opposite direction of the crowd&#8217;s expectations," Santiment remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f973; Bitcoin has officially made a new all-time high, achieving a market value of $112,152 just 30 minutes ago. Unsurprisingly, many retailers had been dropping out due to boredom or disbelief over the past few days. &#x1f433; History has shown that this is a prime sign of a potential… <a href="https://t.co/r1IQWqZcG3">pic.twitter.com/r1IQWqZcG3</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1943043967903224239?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Seasoned trader Peter Brandt spotted an expanding inverted triangle pattern in Bitcoin's daily price movement, suggesting a higher risk of "mortality" or pattern failure.
An inverted triangle pattern, or descending triangle, is a bearish chart formation characterized by a horizontal support line and a descending resistance line.
"Nevertheless, I am long BTC. A decline below $107,000 would suggest morphology," he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is nothing special about this chart. An expanding inverted triangle has a higher rate of morphing or mortality than a pattern such a horizontal pennant. Nevertheless I am long BTC. A decline below 107000 would suggest morphology <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/TsfmT4mQud">pic.twitter.com/TsfmT4mQud</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1943085280363209130?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo: Antonio Gravante On Shutterstock.com
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$BTC

$DOGE

$ETH

Bitcoin Breaks $112,000, Ethereum, Dogecoin Surge Amid Growing Institutional Interest, Nvidia-Driven Tech Rally: Experienced Trader Peter Brandt Says, 'I Am Long BTC'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg once joked that his parents were more proud of his Harvard University acceptance than anything he's done since, despite <a href="https://www.benzinga.com/markets/equities/23/05/32461106/if-you-invested-1-000-in-facebook-stock-at-ipo-11-years-ago-heres-how-much-youd-have-now">founding one of the world's</a> most influential tech companies.
What Happened: "I'm honored to be with you today because, let's face it, you accomplished something I never could," Zuckerberg said in his 2017 Harvard commencement speech.
"If I get through this speech, it'll be the first time I actually finish something at Harvard," he told the graduating class.
He went on to recount the moment he got his acceptance email. "I was playing Civilization and I ran downstairs, got my dad and for some reason, his reaction was to video me opening the email. That could have been a really sad video," he said.
See Also: <a href="https://www.benzinga.com/25/05/45364850/mark-zuckerberg-once-set-up-brooklyn-nine-nine-star-andy-sambergs-facebook-account-then-personally-helped-him-with-tech-support-when-things-went-a-bit-haywire">Mark Zuckerberg Once Set Up A Facebook Account For Brooklyn Nine-Nine Star Andy Samberg, Then Personally Played Tech Support When Things Went A Bit Haywire</a>
"I swear, getting into Harvard is still the thing my parents are most proud of me for." Pointing to the audience, he added, "My mom is nodding."
Zuckerberg also shared an anecdote from his college days to highlight the value of kindness. Recalling his first lecture — Computer Science 121 with Professor Harry Lewis, but noted that no one approached him, except for one fellow student, Kang-Xing Jin.
&#8220;I was running late for class, so I threw on a T-shirt and I didn&#8217;t realize until afterwards that I put it on inside out and backwards. And my tag was sticking out the front,&#8221; Zuckerberg said, adding, &#8220;I couldn&#8217;t figure out why no one in class would talk to me.&#8221;
Zuckerberg and Jin ended up tackling problem sets together. The latter later became a major part of Facebook.
Zuckerberg, who famously dropped out of Harvard to launch Facebook, received an honorary Doctor of Laws degree during the ceremony.
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<iframe loading="lazy" title="Facebook Founder Mark Zuckerberg Commencement Address &#x7C; Harvard Commencement 2017" width="500" height="281" src="https://www.youtube.com/embed/BmYv8XGl-YU?start=35&#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>
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Why It&#8217;s Important: Facebook began in a Harvard dorm in 2004 as "TheFacebook," initially intended as a private network for college students.
Zuckerberg, along with college roommates, built what would become a global social networking giant. Peter Thiel's early $500,001 <a href="https://www.benzinga.com/news/24/07/39592355/palantirs-peter-thiel-highlights-impact-of-founders-citing-mark-zuckerbergs-example-of-not-selling-f">investment for a</a> 10.2% stake gave the company its first real backing.
Within a few years, Facebook dropped "The," expanded globally, and began rolling out features like News Feed and mobile apps.
Fast forward to 2025, Zuckerberg—now worth approximately $258 billion—is leading Meta (Facebook rebranded as Meta in 2021), which currently commands a market cap of $1.84 trillion.
Meta's latest frontier is artificial general intelligence (AGI). In June 2025, it launched <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">Meta Superintelligence Labs</a>, consolidating its Llama models and FAIR (Fundamental AI Research) division to pursue "personal superintelligence."
MSL has been aggressively hiring top talent from OpenAI, Anthropic, Google DeepMind and Apple Inc.
Meta currently has an average price target of $734.93, based on estimates from 43 analysts. The three most recent updates — from TD Cowen, Roth Capital and Wells Fargo — set an average target of $774.33, implying a potential upside of 5.63%.
Benzinga's Edge Stock Rankings show that META maintains a strong upward trend across the short, medium and long term. Although its growth score is high, its value rating is comparatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09195803/Screenshot-2025-07-10-at-5.25.26%E2%80%AFAM.png" alt="" class="wp-image-979063" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Mark Zuckerberg Once Revealed That Getting Into Harvard Made His Mom And Dad Prouder Than Building Facebook —Spills The Beans On Why No One Talked To Him At His First Class

On Wednesday, the Cathie Wood-led Ark Invest made a significant move by purchasing a substantial number of shares in Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and selling shares of Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>). The trades were executed through the ARKG and ARKK ETFs.
The Tempus AI Trade saw Ark Invest acquiring a combined total of 150,563 shares of Tempus across ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>). The ARKG ETF added 19,582 shares, while the ARKK ETF purchased 130,981 shares. Tempus AI&#8217;s first-quarter financial results were impressive; the company reported revenue of $255.74 million, surpassing the estimated $248.13 million figure. Additionally, Tempus AI&#8217;s adjusted loss per share was narrower than expected, signaling a positive outlook for the AI-focused precision medicine company. The total value of the shares acquired by Ark Invest is $8.8 million based on the stock&#8217;s closing price of $58.41 on Wednesday.
The Block Trade involved Ark Invest selling 96,503 shares of the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company through its ARKK ETF. The trade was valued at $6.6 million. Block shares ended the day at $69.01. Notably, Bitcoin, the apex cryptocurrency, hovered near all-time highs of $111,148.02 at the time of writing.
This decision comes amid recent developments at Block, where CEO Jack Dorsey unveiled a <a href="https://www.benzinga.com/markets/tech/25/07/46272105/jack-dorsey-unveils-bitchat-a-decentralized-bluetooth-powered-server-free-messaging-service">new decentralized messaging service</a> called Bitchat. The service, which operates over Bluetooth, represents Block&#8217;s ongoing efforts to innovate and expand its technological offerings.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 5,627 shares of Veeva Systems Inc (VEEV) through the ARKG ETF.</li>
<li>Sold 50,823 shares of Roku Inc (ROKU) through the ARKK ETF.</li>
</ul>
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<li><a href="https://benzinga.com/markets/macro-economic-events/25/07/46312778/scott-bessent-never-made-time-for-japans-trade-negotiator-says-economist-yet-the-us" target="_blank" rel="noreferrer noopener">Scott Bessent Never &#8216;Made Time&#8217; For Japan&#8217;s Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?</a></li>
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Photo Courtesy: ChrisStock82 on Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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ARKG

Cathie Wood Dumps Jack Dorsey's Block As Bitcoin Flirts With All-Time Highs, Bets $8.8 million On Tempus AI

Sen. Bernie Sanders (I-Vt.) has criticized the proposed $1.1 billion cut to public broadcasting, warning of a slide towards authoritarianism in the United States.
What Happened: On Wednesday, Sanders took to X to express his concerns over the proposed budget cuts to the Corporation for Public Broadcasting. This comes after President Donald Trump labeled the Public Broadcast Service as &#8220;radical, woke propaganda&#8221; and Republicans expressed their intent to slash the CPB&#8217;s budget, according to the senator.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the US, presidents don&#39;t censor the media. Freedom of the press sets us apart from dictatorships. After Trump called PBS &quot;radical, woke propaganda,&quot; Republicans want to cut $1.1 BILLION from the Corporation for Public Broadcasting. Another step toward authoritarianism.
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1942694188640002053?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://benzinga.com/news/politics/25/07/46314088/trump-slams-democrats-over-inflation-narrative-says-he-cut-costs-more-than-any-president-in-history" target="_blank" rel="noreferrer noopener">Trump Slams Democrats Over Inflation Narrative, Says He Cut Costs &#8216;More Than Any President In History&#8217;</a>
Why It Matters: Earlier this month, the White House <a href="https://www.benzinga.com/news/legal/25/06/45766300/trump-sends-congress-9-4-billion-doge-cut-proposal-targeting-npr-pbs-lgbtq-initiatives-and-overseas-cl">officially submitted</a> a $9.4 billion budget rescission request to Congress, targeting foreign aid and public broadcasting. This is the first official rollback of funds under the Department of Government Efficiency.
In May, Trump signed an executive order <a href="https://www.benzinga.com/25/05/45181825/trump-calls-npr-and-pbs-biased-and-partisan-signs-executive-order-to-stop-funding">halting federal funding</a> for National Public Radio and PBS. The order cited the news published by both outlets as &#8220;biased&#8221; and &#8220;partisan&#8221;.
Trump&#8217;s repeated calls to defund public media have put organizations like NPR and PBS on the edge. He has long criticized these outlets, accusing them of <a href="https://www.benzinga.com/markets/24/12/42714268/trumps-threat-to-defund-public-media-puts-npr-and-pbs-on-edge">promoting liberal bias</a>, and has vowed to cut all federal funding for the CPB, which supports public media.
Photo Courtesy: Jana Shea on Shutterstock.com
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Bernie Sanders Says In The US, Presidents 'Don't Censor The Media,' Slams Trump Administration's Move To Cut $1.1 Billion From PBS: 'Another Step Toward Authoritarianism'

Stanford-educated roboticist Samir Menon never set out to replace human workers with machines. He wants to &#8216;supercharge&#8217; them, and now his billion-dollar startup, Dexterity, is betting that vision could shape the future of global labor.
Founded in 2017, Dexterity builds what it calls "superhumanoids," industrial <a href="https://www.benzinga.com/news/25/05/45185633/ups-explores-humanoid-robots-as-figure-ai-secures-675m-from-jeff-bezos-openai-and-intel-targeting-9b-revenue-by-2029">robots</a> designed to work in extreme conditions like high heat or altitude, where human labor often falls short. The company is currently valued at $1.65 billion and has entered unicorn territory with backing from major players like FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and Kawasaki Heavy Industries,<a href="https://www.wsj.com/tech/ai/unicorn-startup-that-makes-superhuman-robots-plots-path-to-ipo-2a84abbe"> The Wall Street Journal</a> reports.
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Rather than designing robots to mimic human shape and behavior, Menon's team focuses on utility, building machines that can lift heavier, last longer, and handle riskier tasks than any person safely could. "You can try to do <a href="https://www.benzinga.com/news/topics/25/06/45961532/nvidia-and-samsung-back-4-5b-robotics-startup-skild-ai-with-35m-as-softbank-and-jeff-bezos-drive-push-into-consumer-robots">robotics</a> in a way that you're replacing people, or you can try to do it in a way that you're supercharging people," Menon told The Journal at the ATxSummit in May in Singapore.
<h2 class="wp-block-heading">Inspired by "Transformers," Built for Supermarkets</h2>
Dexterity's flagship robot is called the Mech, a mobile, two-armed machine inspired in part by "Transformers" and "Pacific Rim". According to the Journal, Mech is designed to perform physically demanding work that's too dangerous or repetitive for human workers, such as lifting heavy parcels or operating in logistics hubs.
With partners like FedEx and Sumitomo Corp. already signed on, Menon sees supermarkets and airports as likely next steps, noting to the Journal that these are examples of where robots could become commonplace.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Market forecasts support Menon's optimism. According to<a href="https://www.morganstanley.com/insights/articles/humanoid-robot-market-5-trillion-by-2050"> Morgan Stanley</a>, the humanoid robotics industry could be worth $5 trillion by 2050, with more than 1 billion robots deployed across commercial and industrial environments.
"Adoption should be relatively slow until the mid-2030s, accelerating in the late 2030s and 2040s," Adam Jonas, Morgan Stanley's head of global autos and shared mobility research, said in a note. "The forecast for household usage is much more conservative, with only 80 million humanoids in homes by 2050. We are not going to see a robot in every home overnight."
<h2 class="wp-block-heading">IPO in Sight as Labor Shortages Push Demand for Industrial Robots</h2>
Dexterity is in active fundraising mode and plans to go public in the U.S. once it achieves stable revenue and scalability, according to Menon. The Journal says he's prioritizing growth for now, with profitability still a few years away.
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
<a href="https://www.bain.com/contentassets/d620202718c146359acb05c02d9060db/bain-report_the-working-future.pdf">Bain &amp; Co</a> estimates that by 2030, the global economy could face a shortage of nearly 8 million manufacturing workers, a gap that robots like Dexterity's Mech could help fill. In countries like the U.S., Japan, and much of Europe, shrinking workforces and aging populations are accelerating the demand for non-disruptive automation solutions.
For Menon, the key lies in designing machines that solve labor problems without sparking panic. "A lot of people don't really want to do extremely low-paying, very stressful tasks," he told the Journal, emphasizing that many of these roles can be augmented rather than erased.
As Dexterity scales, Menon says it's developing industrial robots aimed at amplifying human labor in high-stress or physically extreme environments, The Journal reports.
Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.&nbsp;</a>
Image: Shutterstock

Stanford PhD Building 'Superhumanoids' Says Robots Won't Replace Us — They'll 'Supercharge People' As $1.65B Startup Eyes IPO

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 17.86% on an annualized basis producing an average annual return of 29.33%. Currently, ServiceNow has a market capitalization of $209.99 billion. 
Buying $100 In NOW: If an investor had bought $100 of NOW stock 10 years ago, it would be worth $1,323.38 today based on a price of $1013.70 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752104712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$100 Invested In ServiceNow 10 Years Ago Would Be Worth This Much Today

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