Sana Biotechnology (NASDAQ:SANA) Azioni

SANA BIOTECHNOLOGY INC

Sana Biotechnology

Sana Biotechnology Inc is a biotechnology company. The company develops engineered cells as medicines and therapies to treat diseases. It is engaged in developing cell engineering programs for across a broad array of therapeutic areas with unmet treatment needs, including oncology, diabetes, B-cell-mediated autoimmune, and central nervous system (CNS) disorders, among others. Its pipeline of product candidates is comprised of SC291, SC262, SC255, UP421 and others.

Sana Biotechnology Inc

SANAI HEALTH IND GROUP CO by SANAI HEALTH IND GROUP CO LTD.

Sanara MedTech Inc

Sanarco Funds Inc

Sanatana Resources Inc

SANATANA RESOURCES INC by Sanatana Resources Inc.

For its China business, Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is weighing choices including a possible stake sale that would value the assets at several billion dollars.
What Happened: Through a financial consultant, the coffee behemoth has approached technology businesses and private equity firms this week to get comments on its China operations and expansion plans, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-05-15/starbucks-is-said-to-kick-off-process-to-sell-stake-in-sprawling-china-business">reported</a>, citing sources.
The action was taken as domestic competitors like Luckin Coffee Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LKNCY#OTC">LKNCY</a>) have gained a sizable market share in China, Starbucks&#8217; second-largest market, and the company confronts growing difficulties there.
Even with almost 7,750 locations, Starbucks&#8217; quarterly revenue in China through March was approximately $740 million, whereas Luckin&#8217;s revenue for the same period was $1.2 billion.
Starbucks did not immediately respond to&nbsp;<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/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoil-after-ceo-shake-up">UnitedHealth Stock Plunges Over 8% In After-Hours Trading As DOJ Criminal Probe Adds To Turmoil After CEO Shake-Up</a>
Why It Matters: &#8220;We remain committed to China for the long term,&#8221; CEO Brian Niccol stated when discussing China operations during an April earnings call. We continue to be open about how we can accomplish that expansion because we see a lot of promise for our company there in the years to come.&#8221; 
The potential transaction follows similar strategies employed by McDonald&#8217;s Corp. and Yum! Brands Inc., which previously sold <a href="https://www.benzinga.com/general/restaurants/25/05/45360322/restaurant-stocks-rebound-as-us-china-tariff-truce-offers-sector-relief-whats-going-on">stakes in their China operations to private equity firms</a> to enhance local market adaptation.
Starbucks&#8217; stock has declined 25% from its February peak amid ongoing challenges. The company recently missed Wall Street estimates in <a href="https://www.benzinga.com/news/25/05/45168991/starbucks-sbux-stock-plunges-10-this-week-on-earnings-miss-recovers-losses">its fiscal second-quarter results</a>, with global comparable store sales dipping 1%.
Price Action: On Wednesday, Starbucks&#8217; stock ended the day at $86.54, down 0.40%. The shares fell 0.12% to $86.43 after hours. Year to date, it&#8217;s down 6.11%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Photo Courtesy: Chutima Chaochaiya On Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/tech/25/05/45428241/elon-musks-grok-ai-got-asked-how-many-times-has-hbo-changed-its-name-leaves-user-stunned-with-racially-charged-response">Elon Musk&#8217;s Grok AI Got Asked How Many Times Has HBO Changed Its Name, Leaves User Stunned With Racially Charged Response</a></li>
</ul>

Equities

News

Markets

LKNCY

SBUX

Starbucks Explores Stake Sale In China Business Valued At Billions Amid Sluggish Growth, Intense Competition From Likes Of Luckin Coffee: Report

Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) will release its second-quarter earnings results before the <a href="https://www.benzinga.com/quote/DE/earnings">opening bell on Thursday, May 15</a>.
Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.64 per share, down from $8.53 per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Deere projects quarterly revenue at $10.79 billion, compared to $13.61 billion a year earlier.
On Feb. 13, Deere reported a first-quarter 2025 net sales and revenue decline of 30% year-over-year to $8.51 billion, beating the consensus of $7.70 billion.
Deere shares fell 0.2% to close at $497.50 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/DE/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>UBS analyst Steven Fisher maintained a Neutral rating and cut the price target from $462 to $440 on April 7, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Baird analyst Mircea Dobre downgraded the stock from Outperform to Neutral with a price target of $501 on March 3, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Evercore ISI Group analyst David Raso maintained an In-Line rating and boosted the price target from $437 to $455 on Feb. 19, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Truist Securities analyst Jamie Cook reiterated a Buy rating and slashed the price target from $550 to $546 on Feb. 14, 2025. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Tami Zakaria maintained a Neutral rating and boosted the price target from $470 to $500 on Feb. 10, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying DE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15022654/image-169-1024x577.png" alt="" class="wp-image-915998" style="width:618px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15022654/image-169-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15022654/image-169-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15022654/image-169-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15022654/image-169.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/05/45405004/jim-cramer-sofi-goes-to-new-highs-recommends-not-buying-this-health-care-stock">Jim Cramer: SoFi Goes To &#8216;New Highs,&#8217; Recommends Not Buying This Health Care Stock</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Deere Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Peter Schiff is well-known for his dismissive remarks about Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), but the famed economist has also occasionally taken potshots at its younger sibling, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What happened: The cryptocurrency market started to reverse sharply in 2022, following the massive bull rally in 2021. ETH wasn't aloof, collapsing from $3,450 in April to the early $1,000s by mid-June.
In a May post on X, then Twitter, Schiff painted a bearish outlook, warning that Ethereum would fall to a level around $1,000.&nbsp;
The second-largest cryptocurrency eventually slipped to $1,200 in the next two weeks, validating his prognosis.
"I warned you guys about this less than three weeks ago. If you&#8217;re still HODLing Ethereum at $1,200, it&#8217;s your own fault," Schiff said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I warned you guys about this less than three weeks ago. If you&#39;re still HODLling <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> at $1,200 it&#39;s your own fault. <a href="https://t.co/inPOjurrls">https://t.co/inPOjurrls</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1536503298857086976?ref_src=twsrc%5Etfw">June 14, 2022</a></blockquote>
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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/25/05/45339966/bitcoin-creator-satoshi-nakamotos-estimated-wealth-crosses-bill-gates-amid-apex-cryptos-sharp-rebound">Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator&#8217;s Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto&#8217;s Sharp Rebound</a>
But this was nearly three years ago. Fast forward to 2025, and ETH was trading at $2,595.26 as of this writing, representing a massive 116% upside.
So, if you bet $1,000 on an inverse Schiff trade (assuming that&#8217;s a thing) and invested it in ETH, it would be worth $2,162 today.
Schiff has been critical of spot Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) exchange-traded funds, as well as its <a href="https://www.benzinga.com/25/03/44068814/bitcoin-ethereum-dogecoin-rally-on-trumps-strategic-crypto-reserve-announcement-cardano-xrp-solana-skyrocket-analyst-says-btcs-new-ath-possible-later-in-the-month">endorsement by the Trump administration</a>.
"The worst part for investors is that ETH still has a long way to fall," he said in early March.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Despite Trump&#39;s Truth Social Sunday Ethereum pump, the Ethereum ETFs closed at record lows today. They are now down 40% since they first launched about eight months ago, and 49% below their Dec. 2023 highs. The worst part for investors is that ETH still has a long way to fall.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1896687148516221227?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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That said, one must not lose sight of the fact that in the shorter timeframe, ETH has struggled, losing 11% in a year and 23% since 2025 began. Experts <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44432826/why-ethereum-is-lagging-bitcoin-analysts-cite-inflationary-problems-dencun-upgrade-blowback-and-solanas-meme-coins">highlighted a range of factors</a> behind the underperformance, including Dencun Upgrade-induced inflation and a shift in on-chain meme activity to other networks like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>).
Price Action:  At the time of writing, ETH was exchanging hands at $2,595.26, down 3.56% 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>. 
Photo Courtesy: VPLAB On Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45339772/michael-saylor-harnesses-ai-to-drive-home-an-important-message-on-bitcoin-its-going-up-forever">Michael Saylor Harnesses AI To Drive Home An Important Message On Bitcoin: &#8216;It&#8217;s Going Up Forever&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

$ETH

$SOL

Peter Schiff Once Questioned Wisdom Of HODLing Ethereum At $1,200 —Since Then, The Second-Largest Crypto Has Soared 116%

Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) reported quarterly earnings of $0.07 per share. The company reported $205.75 million in sales this quarter. This is a 56.89 percent increase over sales of $131.14 million the same period last year.

GSX Techedu Inc. American Depositary Shares

GOTU

Gaotu Techedu Q1 Adj. EPS $0.07, Sales $205.75M Up From $131.14M YoY

Fund manager Cathie Wood highlighted a handful of innovative and disruptive stocks that she says are set to displace the old guard in leading equity benchmarks. 
What Happened: On Wednesday, the CEO of Ark Invest took to X to reaffirm her conviction in several of the firm's most prominent holdings, describing them as being at the &#8220;tip of the spear&#8221; as technology-driven innovation disrupts legacy industries and &#8220;displaces the old world in equity benchmarks.&#8221;
The companies she spotlighted include Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), which represent core positions worth <a href="https://cathiesark.com/ark-funds-combined/complete-holdings">over</a> $2.78 billion across Ark&#8217;s family of funds.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45427865/teslas-350-billion-rally-isnt-just-a-rebound-gene-munster-says-its-riding-on-margins-robotaxis-elon-musk-and-ai">Tesla&#8217;s $350 Billion Rally Isn&#8217;t Just A Rebound — Gene Munster Says It&#8217;s Riding On Margins, Robotaxis, AI And Elon Musk</a>
This comes following Coinbase Global Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) inclusion into the S&amp;P 500 which was announced early this week, making it the first crypto company to do so. The company is replacing Discover Financial Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) in the index, which is being acquired.
Wood suggests that traditional index funds are increasingly misaligned with innovation, and says that &#8220;benchmarks are likely to chase innovation at an accelerated rate in the years ahead.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In our view, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>, <a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a>, <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COIN</a>, and <a href="https://twitter.com/search?q=%24SHOP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHOP</a> are at the tip of the spear as technologically-enabled innovation disrupts and displaces the old world in equity benchmarks. Benchmarks are likely to chase innovation at an accelerated rate in the years ahead. <a href="https://t.co/y9BO3EVUnn">https://t.co/y9BO3EVUnn</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1922718486805061863?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
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Why It Matters: Wood said on Tuesday that Coinbase&#8217;s inclusion into the S&amp;P 500 would compel other <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45368175/cathie-wood-says-index-sensitive-managers-will-be-compelled-to-consider-coinbase-as-crypto-exchange-platform-joins-sp-500-index">index-sensitive fund managers</a> to consider the stock. 
Renowned for her bold, high-conviction bets, Wood <a href="https://benzinga.com/personal-finance/25/04/44653173/cathie-wood-just-made-a-bold-move-why-she-spent-over-65m-on-tesla-robinhood-and-coinbase-as-the-market-crashed">doubled down on stocks</a> such as Tesla, Coinbase, and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) amid the turmoil surrounding equity markets during the first week of April, acquiring $65 million worth of stock. 
Speaking at an interview recently, Wood <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">reiterated her bullish stance</a> on Bitcoin (BTC/USD), stating a base-case scenario of $700,000 to $750,000 for the cryptocurrency by 2030, and a bullish case at $1.5 million.&nbsp;
&#8220;We&nbsp;have always had a 2030&nbsp;target, the base case in&nbsp;the $700,000 to $750,000 range,&nbsp;the bull case in the&nbsp;$1.5 million range,&#8221; she said, citing the digital currency&#8217;s potential to seize gold&#8217;s share as a store of value. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks / ETFs</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Returns</td>
<td class="has-text-align-center" data-align="center">Ark&#8217;s Cumulative Holdings</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">-8.33%</td>
<td class="has-text-align-center" data-align="center">10.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</td>
<td class="has-text-align-center" data-align="center">+73.13%</td>
<td class="has-text-align-center" data-align="center">5.49%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td class="has-text-align-center" data-align="center">+2.41%</td>
<td class="has-text-align-center" data-align="center">7.54%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td class="has-text-align-center" data-align="center">+3.65%</td>
<td class="has-text-align-center" data-align="center">4.67%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td class="has-text-align-center" data-align="center">+55.65%</td>
<td class="has-text-align-center" data-align="center">4.96%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:&nbsp;ARKK)</td>
<td class="has-text-align-center" data-align="center">-0.09%</td>
<td class="has-text-align-center" data-align="center">&#8211;</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">+9.44%</td>
<td class="has-text-align-center" data-align="center">&#8211;</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Ark Invest</figcaption></figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1024x136.png" alt="" class="wp-image-915963" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15013509/Screenshot-2025-05-15-at-11.04.58-AM.png 1610w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Coinbase scores in 79th percentile on growth, with a favorable price trend in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Let&#8217;s see</a> how it compares with Tesla, Palantir, and other big Ark Invest holdings. 
Photo Courtesy: Ira Lichi On Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45427965/jim-cramer-says-even-safety-stocks-look-risky-warns-of-wild-card-in-washington-and-rising-treasury-yields-as-reasons-to-stay-away-from-sure-bets">Jim Cramer Says Even &#8216;Safety&#8217; Stocks Look Risky, Warns Of &#8216;Wild Card&#8217; In Washington And Rising Treasury Yields As Reasons To Stay Away From Sure Bets</a></li>
</ul>

Sector ETFs

ETFs

ARKW

COIN

HOOD

PLTR

SHOP

TSLA

Cathie Wood Says Palantir, Tesla, Coinbase And This Amazon Rival Are 'Tip Of The Spear' As Innovation Disrupts Old World In Equity Benchmarks

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Unemployment Rate For April Unchanged At 4.1%

Reported Earlier, Australia Full Employment Change For April 59.5K Vs. 12.2K (Revised) Prior

Reported Earlier, Australia Employment Change For April 89.0K Vs. 20.9K Est.; 36.4K (Revised) Prior

On Wednesday, Elon Musk-led xAI's Grok on X shocked users by responding to unrelated questions with racially charged commentary about South Africa, sparking concerns about reliability and bias.
What Happened: In multiple cases, Grok unexpectedly referenced "white genocide" in South Africa and the controversial chant "Kill the Boer," despite being prompted with unrelated questions, as first <a href="https://www.ft.com/content/37416a0e-8f35-45af-9ace-2cf4c973daa5">reported</a> by the Financial Times.
One viral example came when a user asked about Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)-owned HBO&#8217;s rebranding history.
Grok noted that HBO Max changed to Max in 2023 and reportedly reverted to HBO Max in 2025. However, the chatbot then veered into an off-topic monologue.
See Also:&nbsp;<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" target="_blank" rel="noreferrer noopener">Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report</a>
&nbsp;"Regarding ‘white genocide' in South Africa, some claim it's real, citing farm attacks and ‘Kill the Boer' as evidence. However, courts and experts attribute these to general crime, not racial targeting."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="541" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9-541x1024.jpeg" alt="" class="wp-image-915955" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9-541x1024.jpeg 541w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9-158x300.jpeg 158w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9-768x1454.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9-811x1536.jpeg 811w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15012122/Gq7qsz8WYAAVAp9.jpeg 921w" sizes="(max-width: 541px) 100vw, 541px" /><figcaption class="wp-element-caption">Source: X</figcaption></figure>
Another response to a post about a Myanmar earthquake inexplicably included commentary about race relations in South Africa.
The glitch affected dozens of posts and appeared to be resolved by Wednesday afternoon, the report noted.
Now, when asked about users' concerns, Grok states, &#8220;My mistakes &#8230; stem from a combination of design flaws, training data biases and a specific glitch in my response generation process.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: While some of the Grok posts were quietly removed, the episode underscores the challenges of deploying AI tools at scale.
It also follows a series of incidents where Musk himself has amplified right-wing narratives on X, including sharing a video referencing white farmers in South Africa just days before the glitch occurred, the report said.
The episode also comes as scrutiny intensifies over generative AI models and their <a href="https://www.benzinga.com/news/24/03/37559453/godfather-of-ai-explains-why-chatgpt-copilot-and-other-ai-chatbots-hallucinate">susceptibility to hallucinations</a>, producing factually incorrect or irrelevant responses.
Musk has positioned Grok, developed by his startup xAI, as a "truth-seeking" alternative to OpenAI's ChatGPT and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)-owned Google's Gemini.
ChatGPT and Gemini have also previously faced <a href="https://www.benzinga.com/news/24/03/37887895/ex-googlers-claim-gemini-ais-unacceptable-bias-is-direct-result-of-companys-woke-culture">criticism for bias</a> and AI hallucination.&nbsp;
Elon Musk xAI &#x7C; Photo courtesy: JRdes / Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/05/38955435/jeff-bezos-reveals-how-customer-feedback-led-to-amazons-sell-everything-strategy-i-wish-you-sold-win" target="_blank" rel="noreferrer noopener">Jeff Bezos Reveals How Customer Feedback Led To Amazon&#8217;s ‘Sell Everything&#8217; Strategy: ‘I Wish You Sold Windshield Wiper Blades…&#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.

Tech

GOOG

GOOGL

Elon Musk's Grok AI Got Asked How Many Times Has HBO Changed Its Name, Leaves User Stunned With Racially Charged Response

Hafnia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.15 by 13.33 percent. This is a 69.77 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $340.34 million which beat the analyst consensus estimate of $239.50 million by 42.11 percent. This is a 34.77 percent decrease over sales of $521.79 million the same period last year.

Earnings Beats

Earnings Misses

HAFN

Hafnia Q1 EPS $0.13 Misses $0.15 Estimate, Sales $340.34M Beat $239.50M Estimate

<ul>
<li>Total vehicle deliveries were 114,011 units for the first quarter of 2025, representing a 21.1% year-over-year increase. The&nbsp;Zeekr brand delivered 41,403 vehicles, an increase of 25.2% year-over-year. Meanwhile, the Lynk &amp; Co brand delivered 72,608 vehicles, recording growth of 18.9% year-over-year, with 52.4% of deliveries coming from NEV models.</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Deliveries</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025 Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q2</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">114,011</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">169,088</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">124,606</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">119,755</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Deliveries</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q2</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">94,115</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">120,114</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">94,151</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">72,276</td>
</tr>
</tbody>
</table>
</figure>

Zeekr Q1 Deliveries Rose 21.1% To 114,011 Units; Zeekr Up 25.2% To 41,403, Lynk & Co Hits 72,608 With 52.4% NEVs

VEON maintains its full year FY25 outlook and expects underlying local currency growth for total revenue of between 12% and 14% year-on-year and underlying local currency EBITDA growth of between 13-15% year-on-year. VEON's affirms its expectation that the Group's capex intensity for 2025 will be in the range of 17%-19%.

Guidance

VEON

VEON Reaffirms FY25 Forecast: Underlying Revenue Up 12%–14%, EBITDA 13%–15% In Local Currency, Capex Intensity 17%–19%

Jim Cramer thinks that the bond market now offers a clearer risk-reward trade-off than so-called "safety" stocks, warning that rising 10-year Treasury yields and a political "wild card" in Washington make even dividend stalwarts feel shaky.
What Happened: The 10-year Treasury yield's jump to its highest level in more than a month has tightened the spread between bond payouts and blue-chip dividends, dulling the appeal of AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), Cramer <a href="https://www.cnbc.com/2025/05/14/jim-cramer-explains-why-its-hard-to-own-usual-safety-stocks-here.html">told</a> CNBC&#8217;s &#8216;Mad Money&#8217; viewers on Wednesday.
"In a very uncertain tape for what <a href="https://www.benzinga.com/content/44809259/3-safe-dividend-stocks-as-investors-seek-to-reset-diversification">used to be called</a> ‘safety stocks,' I'd rather just own a piece of paper like the 10-year Treasury, where, if worst comes to worst, at least I get my money back," Cramer said.
Cramer flagged Robert F. Kennedy Jr., newly installed as Health and Human Services secretary, as an <a href="https://www.benzinga.com/markets/equities/24/11/42254495/trumps-hhs-pick-rfk-jr-has-a-long-history-of-challenging-global-health-policies">unpredictable force</a> who could clamp down on pharmaceutical pricing and food additives. "Investors don't know whether Kennedy will act in favor of the companies he's tasked with regulating," he cautioned.
See also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45426516/chuck-schumer-says-trump-is-letting-cartel-members-into-the-us-asks-how-much-memecoin-did-they-pay">Chuck Schumer Says Trump Is &#8216;Letting Cartel Members&#8217; Into The US, Asks How Much &#8216;Memecoin&#8217; Did They Pay</a>
What To Know: That uncertainty compounds existing headaches. Johnson &amp; Johnson is <a href="https://www.benzinga.com/general/biotech/25/04/44586129/us-judge-rejects-another-johnson-johnson-attempt-to-use-bankruptcy-for-talc-cancer-claims">still wrestling</a> with talc-related lawsuits that have already cost billions in settlements and reserves, a cloud Wall Street <a href="https://www.benzinga.com/25/04/44920880/expert-flags-never-before-observed-trio-falling-stocks-and-short-yields-bucking-rising-long-yields-nothing-is-normal-about-this">fears could grow</a> heavier if bond yields <a href="https://www.benzinga.com/25/05/45399783/gordon-johnson-warns-of-potential-liberation-day-20-as-30-year-treasury-yields-approach-5-amid-dollar-weakness?utm_source=chatgpt.com">keep luring</a> income-seekers away. AbbVie's rich dividend likewise looks less generous when a risk-free Treasury pays nearly the same rate with zero headline risk.
Consumer staples aren't immune either, says Cramer. Procter &amp; Gamble and Colgate boast recession-proof brands, yet their 2–3% yields no longer tower over Treasuries, and Cramer said "the yields may simply not be high enough to justify the risk."
Snack titan PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) and cereal maker General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) could also <a href="https://www.benzinga.com/government/regulations/24/11/42144709/kennedys-war-on-food-dyes-could-be-coming-to-your-breakfast-table">come under fire</a> if Kennedy pushes to restrict artificial colors and other additives, Cramer warned, asking rhetorically whether kids would still eat Lucky Charms without its rainbow marshmallows.
Why It Matters: For now, Cramer said he is "tempted to buy General Mills" on weakness, but fears Washington's next pitch more than the stock's upside.
Cramer also told "Mad Money" viewers that recession worries can be a buying opportunity, saying high-quality retailers look cheap so long as you don't think the economy will "fall off a cliff." Despite earlier warning, the sector was in the trade-war "blast radius," he now does have a <a href="https://www.benzinga.com/25/05/45416455/jim-cramer-says-these-retail-stocks-rl-gap-can-survive-a-market-correction">couple of clear favorites</a> to scoop up on any dip.
Benzinga Edge Stock Rankings indicate Johnson &amp; Johnson has a Momentum in the 47th percentile and Growth in the 63rd, how do other &#8220;safety&#8221; stocks rank in terms of these metrics? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check them out here</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="442" height="282" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15010652/Screenshot-2025-05-15-at-14.06.33.png" alt="" class="wp-image-915950" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15010652/Screenshot-2025-05-15-at-14.06.33.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15010652/Screenshot-2025-05-15-at-14.06.33-300x191.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></figure>
Photo courtesy: katz / Shutterstock.com
Read next: <a href="https://www.benzinga.com/general/travel/25/05/45427289/peter-schiff-warns-qatars-200-billion-boeing-deal-could-spike-us-inflation-interest-rates-says-treasury-sell-off-may-follow">Peter Schiff Warns Qatar&#8217;s $200 Billion Boeing Deal Could Spike US Inflation, Interest Rates — Says Treasury Sell-Off May Follow</a>

ABBV

Jim Cramer Says Even 'Safety' Stocks Look Risky, Warns Of 'Wild Card' In Washington And Rising Treasury Yields As Reasons To Stay Away From Sure Bets

ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) reported quarterly losses of $(0.32) per share. This is a 128.57 percent decrease over losses of $(0.14) per share from the same period last year. The company reported $3.03 billion in sales this quarter. This is a 48.65 percent increase over sales of $2.04 billion the same period last year.

ZEEKR Intelligent Tech Q1 Adj. EPS $(0.32) Down From $(0.14) YoY, Sales $3.03B Up From $2.04B YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares have surged 46% since late April, adding $350 billion in market capitalization despite expected delivery declines, according to Gene Munster, Managing Partner at Deepwater Asset Management.
What Happened: Munster attributes 65% of the rally to two key factors: better-than-anticipated automotive gross margins and Tesla&#8217;s reaffirmed timeline for launching its ride-hailing service in Austin.
&#8220;The reason investors are looking the other way is that Tesla remains the best-positioned company in physical AI — and long term, that should be worth more than $1.1 trillion,&#8221; Munster wrote Wednesday on X.
Another 25% of the stock&#8217;s momentum came from the May 10 pause on China tariffs, which eased concerns about potential 145% parts cost increases. The 10% move followed news that Tesla&#8217;s Board is developing contingency plans for Elon Musk&#8216;s contested 2018 pay package.
<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">What makes the move more impressive is that most investors are well aware that delivery numbers need to come down this year. I'm still at 1.6 million (down about 11% YoY) vs. the Street at 1.72 million. The reason those investors are looking the other way is that Tesla remains… <a href="https://t.co/l1xZvje8Ng">https://t.co/l1xZvje8Ng</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1922773902712877559?ref_src=twsrc%5Etfw">May 14, 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/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoil-after-ceo-shake-up">UnitedHealth Stock Plunges Over 8% In After-Hours Trading As DOJ Criminal Probe Adds To Turmoil After CEO Shake-Up</a>
Why It Matters: The planned June robotaxi launch comes as <a href="https://www.benzinga.com/markets/equities/25/05/45402695/teslas-robotaxi-plans-under-federal-scrutiny-ahead-ff-austin-launch-as-elon-musk-vows-nationwide-rollout-by-year-end">federal regulators scrutinize how Tesla&#8217;s autonomous vehicles will handle challenging conditions</a>. CEO Musk has promised a nationwide rollout by year-end, despite the National Highway Traffic Safety Administration requesting additional safety information.
&#8220;Heavy lifting ahead,&#8221; warns tech analyst Dan Ives, who estimates &#8220;15% to 20% permanent demand destruction&#8221; in Europe amid <a href="https://www.benzinga.com/25/05/45398745/heavy-lifting-ahead-dan-ives-says-teslas-future-hinges-on-autonomy-as-europe-demand-cratersxai-acquisition-could-be-musks-next-big-bet">rising competition from Chinese automakers</a> like BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
With first-quarter profits down 71%, Ives believes Tesla&#8217;s future increasingly hinges on its autonomy initiatives. The ride-hailing opportunity could significantly impact Tesla&#8217;s financial profile, with Munster noting the U.S. market generates approximately $90 billion in annual <a href="https://www.benzinga.com/25/05/45398745/heavy-lifting-ahead-dan-ives-says-teslas-future-hinges-on-autonomy-as-europe-demand-cratersxai-acquisition-could-be-musks-next-big-bet">gross bookings across 4 billion rides</a>.
Price Action: Tesla rejoined the <a href="https://www.benzinga.com/news/management/25/05/45419116/musk-bezos-gain-billions-after-us-china-trade-deal-but-the-wealthiest-10-are-still-down-67b-in-2025">trillion-dollar valuation club</a> Wednesday after climbing 40% from April lows, though shares remain down 8.1% year-to-date in 2025.
Photo Courtesy: Josiah True on Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45426626/cathie-woods-wednesday-wisdom-bets-on-airbnbs-platform-expansion-dumps-palantir-at-peak">Cathie Wood&#8217;s Wednesday Wisdom? Bets On Airbnb&#8217;s Platform Expansion, Dumps Palantir At Peak</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDDF

Tesla's $350 Billion Rally Isn't Just A Rebound — Gene Munster Says It's Riding On Margins, Robotaxis, AI And Elon Musk

VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) reported quarterly earnings of $1.36 per share which beat the analyst consensus estimate of $0.83 by 63.86 percent. This is a 4433.33 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $1.03 billion which beat the analyst consensus estimate of $996.00 million by 3.01 percent. This is a 8.92 percent increase over sales of $942.00 million the same period last year.

VEON Q1 EPS $1.36 Beats $0.83 Estimate, Sales $1.03B Beat $996.00M Estimate

Anthony Scaramucci, the&nbsp;founder and CEO of SkyBridge&nbsp;Capital, said Wednesday that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) would be deemed a full-fledged asset class once it hits $500,000 a piece.
What Happened: The Bitcoin bull, while speaking at CoinDesk's Consensus 2025 conference, stated, &#8220;$3 trillion is like a mag&nbsp;7 stock, $20 trillion is&nbsp;an asset class. So&nbsp;if you tell me that&nbsp;Bitcoin can get to $500,000,&nbsp;people will be writing stories&nbsp;that Bitcoin is an asset&nbsp;class.&#8221;
Scaramucci emphasized the importance of Bitcoin matching the market capitalization of gold, which is presently over $21 trillion, in order to be recognized as a separate asset class.
Scaramucci suggested that the ongoing influx of capital into the Bitcoin market via <a href="https://www.benzinga.com/topic/bitcoin-etf">exchange-traded funds</a> and the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45349057/strategy-buys-134b-in-bitcoin-at-99856-cites-155-btc-yield">adoption of strategies</a> following Strategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) lead presented an optimistic future for the apex cryptocurrency.
&#8220;We may not actually be bullish enough," he said. 
<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="Consensus 2025 at Toronto Day 1" width="500" height="281" src="https://www.youtube.com/embed/x7ZlwGKRaTc?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>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/22/11/29640123/just-in-crypto-com-suspends-these-withdrawals-deposits-on-solana-chain" target="_blank" rel="noreferrer noopener">Crypto.com Suspends These Withdrawals, Deposits On Solana Chain</a>
Despite the political risks associated with crypto becoming a contentious issue in U.S. politics, Scaramucci sees the incentives aligning for bipartisan support. He added, &#8220;If&nbsp;you get bitcoin to $500,000,&nbsp;people won't just say it's&nbsp;an asset class—they'll treat it&nbsp;like one.&#8221;
Why It Matters: Scaramucci&#8217;s bullish outlook aligned with his previous statements. Earlier this week, he said that Bitcoin was <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45372571/anthony-scaramucci-says-bitcoin-is-evolving-from-a-tech-asset-to-digital-gold">undergoing a structural transformation</a>, evolving from a volatile tech-aligned investment to a maturing global asset more akin to digital gold.
Scaramucci has <a href="https://www.benzinga.com/markets/25/05/45334917/anthony-scaramucci-compares-trumps-crypto-policy-to-mar-a-lago-buffet-you-have-to-eat-everything-at">mixed feelings</a> regarding President Donald Trump's cryptocurrency policies, asserting that the healthy developments around legislation and regulatory clarity were marred by his family's involvement in the space. 
Scaramucci has been vocal about his Bitcoin support, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45093574/anthony-scaramucci-wasnt-keen-on-bitcoin-initially-but-the-eureka-moment-came-during-his-short-white-house-tenure-under-trump">revealing previously</a> that 70% of his wealth is tied up in the leading cryptocurrency.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $102,856.37, down 0.68% 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>.
Photo Courtesy: Al Teich On Shutterstock.com
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45335756/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range" target="_blank" rel="noreferrer noopener">Cathie Wood Stands Firm on Bold $700,000 Bitcoin Prediction for Investors, Says ‘Bull Case in the $1.5 Million Range&#8217;</a></li>
</ul>
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>

MSTR

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As markets cheer Qatar&#8217;s massive $200 billion jet deal with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), economist Peter Schiff has a warning that has little to do with planes, and a lot more to do with America&#8217;s structural vulnerabilities.
What Happened: On Wednesday, Schiff highlighted the potential financial fallout of Boeing&#8217;s mega deal with Qatar, which involves acquiring 160 jets for its state-owned carrier, Qatar Airways. 
While acknowledging that this was &#8220;great for Boeing,&#8221; which hit a one-year high following the news, Schiff cautions that the transaction could come with a hidden cost for the U.S. economy.
See Also: <a href="https://www.benzinga.com/media/25/05/45426637/nvidia-ceo-jensen-huang-expected-to-unveil-new-ai-alliances-at-computex-2025-as-geopolitical-pressures-persist-over-tech-sector">Nvidia CEO Jensen Huang Expected To Unveil New AI Alliances At Computex 2025 As Geopolitical Pressures Persist Over Tech Sector</a>
He says that to help finance this purchase, &#8220;Qatar will likely sell a lot of Treasuries and other U.S. assets,&#8221; further straining the U.S. bond market that is already under pressure.
Schiff says that this capital reallocation might contribute to &#8220;pushing up inflation and interest rates in the U.S.,&#8221; which comes at a time when the Federal Reserve is already grappling with persistent inflationary pressures amid a ballooning Federal trade deficit.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Qatar will spend over $200 billion to buy 160 jets from Boeing for its government-owned airline. Great for Boeing, but the downside is that Qatar will likely sell a lot of Treasuries and other U.S. assets to help cover the cost, pushing up inflation and interest rates in the U.S.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1922665339348717639?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
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Why It Matters: The deal, which is one of the largest jet purchases ever made, comes at a time of growing concerns regarding <a href="https://benzinga.com/markets/25/03/44267663/ray-dalio-warns-us-debt-crisis-could-trigger-shocking-developments-calls-to-reduce-deficit-at-3-of-gdp">America&#8217;s debt sustainability</a>. 
Early this week, economist Stephanie Pomboy <a href="https://www.benzinga.com/25/05/45369770/whos-going-to-buy-2-trillion-worth-of-paper-macro-expert-calls-wall-street-rally-a-headline-sugar-rush-as-treasury-yield-spike-signals-bigger-trouble">raised similar concerns</a>, asking, &#8220;Who&#8217;s going to buy $2 trillion worth of paper?&#8221; with major buyers such as China pulling back.
As U.S. 30-Year Treasury yields approached 5%, analyst Gordon Johnson warned of a <a href="https://www.benzinga.com/25/05/45399783/gordon-johnson-warns-of-potential-liberation-day-20-as-30-year-treasury-yields-approach-5-amid-dollar-weakness">potential &#8220;Liberation Day 2.0,&#8221;</a> as it risks jeopardizing $8 trillion in U.S. debt that is set to be refinanced in 2025. 
On Tuesday, Schiff too called out <a href="https://www.benzinga.com/markets/bonds/25/05/45396490/peter-schiff-says-trade-truce-aside-the-world-is-losing-confidence-in-dollar-and-in-us-ability-to-put-fiscal-house-in-order">the rising yields</a> and the decline in the U.S. Dollar Index (DXY) despite the trade truce with China early in the week, which he says is because &#8220;the world is losing confidence in the dollar,&#8221; and the country&#8217;s ability to get its fiscal house in order.
&#8220;The consequences of de-dollarization will be profound,&#8221; Schiff said, especially as the U.S. Treasury Department ramps up its borrowing, projecting $514 billion in net debt issues during this quarter, which is 317% over its own forecast of $123 billion, just two months ago.
Fund manager, Michael Kao, however, has a different take on this deal with Qatar, referring to it as &#8220;Petrodollar recycling,&#8221; while adding that the Petrodollar system &#8220;isn&#8217;t going away anytime soon,&#8221; in a post on X. Kao also included a list of multi-billion dollar transactions between U.S. companies and Middle-Eastern states to drive his point.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Qatar saw yesterday&#39;s Saudi deal and said, &quot;CALL &amp; RAISE.&quot; Again, the implications for USD Petrodollar recycling are huge.<a href="https://t.co/eepxVtK392">https://t.co/eepxVtK392</a> <a href="https://t.co/XWvMrhREpQ">pic.twitter.com/XWvMrhREpQ</a>
&mdash; Michael Kao (@UrbanKaoboy) <a href="https://twitter.com/UrbanKaoboy/status/1922702770894753823?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
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Price Action: Boeing shares were up 0.64% on Wednesday, trading at 204.72, and are up 0.67% after hours. The U.S. 10-Year and 30-Year Treasury yields continue to inch upward, at 4.536% and 4.968% at the time of writing this, respectively. 
The U.S. Dollar Index is down 0.23% on Wednesday, trading at 100.818, and is currently down 1.49% over the past four weeks, and 3.48% over the past 12 months.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM-1024x136.png" alt="" class="wp-image-915894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM-1536x204.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14233157/Screenshot-2025-05-15-at-9.01.34-AM.png 1610w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Boeing stock ranks in the 88th percentile on momentum, according to Benzinga&#8217;s Edge Stock Rankings. How does it compare with Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) and Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out here</a>.
Photo Courtesy: Andreas Zeitler On Shutterstock.com
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Peter Schiff Warns Qatar's $200 Billion Boeing Deal Could Spike US Inflation, Interest Rates — Says Treasury Sell-Off May Follow

Following a new U.S. directive banning the use of Huawei Technologies AI chips globally, Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) said it has sufficient stockpiles of high-end chips, like Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20, to continue training large language models for "a few more generations."
What Happened: "So it's a very dynamic situation," Tencent president Martin Lau told analysts on a conference call on Wednesday, <a href="https://asia.nikkei.com/Business/Technology/Tencent-says-chip-stockpile-can-power-AI-training-for-generations-despite-US-ban">reported</a> Nikkei Asia. "We just … have to manage the situation," not only in a compliant way, but also by making sure our AI strategy can still be executed.
The U.S. Bureau of Industry and Security this week barred the use of Huawei chips for AI, even outside American borders. This comes as Washington tightens export controls amid growing concerns over military applications of AI technology.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
Lau noted that while GPU supply is tight, Tencent has prioritized internal use, focusing first on revenue-generating AI products like advertising and content recommendations, with model training following.
He added that Tencent is optimizing software for inference, effectively doubling GPU capacity, the report noted.
Why It's Important: Tencent's first-quarter earnings beat analyst expectations, with revenue rising 13% year-over-year to 180 billion yuan ($24.9 billion), driven by strong AI-enhanced ad performance and gaming growth.
Previously, it was reported that Chinese tech giants, including Tencent, Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">increased their orders for</a> Nvidia&#8217;s H20 chips to meet rising demand for affordable AI solutions, particularly from emerging startups like DeepSeek.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Since January, Nvidia has reportedly received H20 chip orders totaling around $18 billion. However, in March, Chinese server manufacturer H3C cautioned about a <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">potential shortage of these chips</a>.
Last week, it was reported that Nvidia is redesigning its H20 AI chip for the Chinese market, with plans to release the revised version as soon as July. The decision followed a notification from the Donald Trump administration informing Nvidia that the original H20 chip would <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">require an export license</a>.
Nvidia received an impressive growth score of 95% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading tech giants</a> such as Alibaba and Tencent.
Photo Courtesy: Tada Images on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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U.S. stock markets saw a positive shift on Wednesday, with the S&amp;P 500 and Nasdaq 100 indices turning green for the year. The market&#8217;s upbeat sentiment was buoyed by a favorable inflation report and easing trade tensions, particularly benefiting the tech sector.
The S&amp;P 500 rose 0.1% to 5,892.58 for the day, while the Nasdaq gained 0.7% to 19,146.81. The Dow Jones Industrial Average ended Wednesday lower by 0.2% at 42,051.06.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
UnitedHealth Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)
UnitedHealth shares dipped 1.08% to close at $308.01, hitting an intraday high of $322.94 and a low of $307.11. The stock&#8217;s 52-week range is $307.11 to $630.73. The decline comes amid a <a href="https://www.benzinga.com/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoi">criminal investigation</a> by the U.S. Department of Justice into potential Medicare fraud, adding to the turmoil following the sudden exit of its CEO. In after-hours trading, UnitedHealth shares fell over 8% to $283.13.
Alibaba Group Holding Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock rose 1.82% to $134.05, with a daily high of $134.51 and a low of $132.65. The 52-week high and low are $148.43 and $71.80, respectively. The stock&#8217;s upward momentum is fueled by <a href="https://www.benzinga.com/trading-ideas/technicals/25/05/45405917/alibabas-55-rally-gets-goldmans-1-billion-boost-will-q4-earnings-justify-the-bet">investor optimism</a> around its AI-driven transformation and a significant endorsement from Goldman Sachs, ahead of its upcoming earnings report.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/05/45398595/trump-praises-nvidia-ceo-jensen-huang-at-saudi-summit-tim-cook-isnt-here-but-you-are-controlling" target="_blank" rel="noreferrer noopener">Trump Praises Nvidia CEO Jensen Huang At Saudi Summit: &#8216;Tim Cook Isn&#8217;t Here, But You Are&#8217; Controlling 99% Of The Chip Market: &#8216;That&#8217;s Not Easy To Beat&#8217;</a>
Reddit Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)
Reddit shares surged 11.06% to $125.32, reaching an intraday high of $130.11 and a low of $113.80. The stock&#8217;s 52-week range is $49.13 to $230.41. The rally follows <a href="https://www.benzinga.com/news/25/05/45418498/reddit-rddt-stock-is-up-25-over-the-past-month-whats-going-on">strong first-quarter earnings</a> that exceeded expectations, showcasing increased revenue, profitability, and user growth.
Rocket Lab USA Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)
Rocket Lab&#8217;s stock climbed 10.54% to $24.13, with a high of $24.52 and a low of $21.86. The 52-week high and low are $33.34 and $4.15. The company&#8217;s shares rose following the successful return of its Pioneer spacecraft, marking its second Earth return mission in two months. Reddit posted earnings of 13 cents per share, beating the consensus estimate of 2 cents.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares increased by 4.07% to $347.68, with an intraday high of $350 and a low of $337. The stock&#8217;s 52-week range is $157.4 to $488.54. The rise is attributed to&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45417105/tesla-stock-continues-to-climb-whats-going-on">easing trade tensions</a>&nbsp;between the U.S. and China, alongside renewed investor confidence in Tesla&#8217;s robotaxi rollout and next-gen vehicle production.
Benzinga Edge Stock Rankings shows Alibaba has Momentum in the 95th percentile and Growth in the 73rd percentile, but how does rival JD.com rank up against the Jack Ma-founded e-commerce giant in terms of Quality and Value? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out 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="446" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14225032/Screenshot-2025-05-15-at-11.49.52.png" alt="" class="wp-image-915873" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14225032/Screenshot-2025-05-15-at-11.49.52.png 446w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14225032/Screenshot-2025-05-15-at-11.49.52-300x189.png 300w" sizes="(max-width: 446px) 100vw, 446px" /></a></figure>
Photo Courtesy: Phongphan On Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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