TMC The Metals Co (NASDAQ:TMC) Azioni

TMC Metals

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in notable quantities in the CCZ, and have high concentrations of nickel, copper, cobalt, and manganese in a single rock. The company believes these four metals contained in the polymetallic nodules are critical for energy infrastructure and industrial manufacturing. The Company's business consists of only one operating segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.

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TMC The Metals Co Inc

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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08091945/Chenqi.jpeg" alt="" class="wp-image-9980" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08091945/Chenqi.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08091945/Chenqi-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08091945/Chenqi-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The shared economy platform bled more red ink last year, as its hyped robotaxi business fails to show any signs of breakthroughs

Key Takeaways:
<ul>
<li>Chenqi lost 564 million yuan in 2024, extending its long stream of red ink over the last four years</li>
<li>The company has hyped the potential of its robotaxi service, but revenue from that part of its business has so far been miniscule</li>
</ul>
It drove successfully onto the Hong Kong Stock Exchange last July, hoping to wow investors with its ride hailing and robotaxi services. But nine months later,&nbsp;Chenqi Technology Ltd.&nbsp;(9680.HK) is going nowhere fast.
The company's stock has been under pressure nonstop since briefly basking in the spotlight after ringing the stock exchange's fabled opening gong, and is now down nearly 70% from its HK$35 listing price. Its dwindling group of believers only got limited hope from its first post-listing&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0327/2025032700529.pdf">financial results</a>, released late last month, which included improving overall performance but also another annual loss of 564 million yuan ($77.7 million).
In the popular Hong Kong movie "Infernal Affairs," undercover agent Chan Wing Yan, played by local star Tony Leung, famously utters at one point that "After three more years on top of another three years, it's coming up on a decade." Such thoughts could very well be coming from Chenqi investors, who are wondering how much longer they will need to wait for the company to finally drive into profitability.
<h4 class="wp-block-heading">Endless losses</h4>
Just six years after its inception, Chenqi's road ahead is still pockmarked with uncertainties as its losses continue. The company didn't hold out much hope for near-term profitability in its IPO prospectus last year, saying "we expect to continue incurring net loss and net operating cash outflows in 2024, 2025, 2026 and 2027."
In other words, the company will continue to log losses for at least the next three years. As for after that, it's probably still too early to say.
A look its latest results shows Chenqi had 34.5 million registered riders last year, up 44% year-on-year. It logged 2.98 billion yuan in transaction value, up 8% year-on-year, and its daily order volume reached nearly 310,000, up 15%. But its average value per order dropped from 28 yuan in 2023 to 26.4 yuan last year, suggesting it had to lower its fares or offer more incentives to drivers to keep its business growing.
And as we've already noted, the company lost 564 million yuan last year, 18% narrower than its 693 million loss in 2023. But a loss is still a loss, and adding on its 685 million yuan loss in 2021 and 627 million yuan in 2022, the company has lost a cumulative 2.57 billion yuan over the last four years – quite a chunk of change.
<h4 class="wp-block-heading">If Baidu can't deliver, how can Chenqi?</h4>
Chenqi featured its autonomous robotaxi business as a selling point at the time of its IPO, but that business has failed to take off just yet. That service, which is included with Chenqi's hitch carpooling service and promotion and marketing efforts under "other items" on its financial statements, generated just 2.04 million yuan in revenue for all last year, equal to just a tiny fraction of the company's 2.4 billion yuan in total revenue. So, it seems unlikely the robotaxi business will make any meaningful contribution anytime soon.
Any success for that operation would undoubtedly be a major breakthrough. But the reality is that service is still very much in a trial phase, and is miles from being a profit engine. Even less certain is when it will make an official commercial debut and whether the company can run the business effectively.
Even internet giant&nbsp;Baidu's (9888.HK, BIDU.US) Apollo Go robotaxi service is in a pilot stage, mostly operating in the Central Chinese city of Wuhan, with 1,000 unmanned taxis in service.
Baidu, which has far deeper resources than Chenqi, has lots of kinks to work out with its robotaxis. Those include vehicles not able to reach exact designated pick-up and drop-off sites, only able to drive at maximum speeds of 40 kph in the best conditions, and struggling to change routes in busy conditions or even coming to a complete halt.
Clearly, robotaxi services still face numerous challenges and won't make meaningful contributions to anyone's revenue or profits anytime soon. If even Baidu, the first in China to test the service on a large scale, can't get its service fully launched, then how will Chenqi be able to do it anytime soon?
<h4 class="wp-block-heading">Capital, technology gaps</h4>
In terms of business model, ride-hailing service platforms like Chenqi's are asset-light, using vehicles provided by drivers themselves. By comparison, robotaxis are far more capital intensive since the business must provide such vehicles.
Zhang Ning, a vice president at rival robotaxi operator&nbsp;Pony.ai&nbsp;(PONY.US), once told media that "in cities like Beijing, Shanghai, Guangzhou and Shenzhen, at least 1,000 vehicles need to be put into operation (by an operator) for the robotaxi business to at least break even."
In other words, scale is key to the robotaxi business, with thousands or even tens of thousands of vehicles necessary to run a viable business. Expenses required to procure such vehicles, coupled with maintenance, charging, insurance and operating costs, could easily add up to billions of dollars.
At the time of its listing, Chenqi said it planned to use 40% of the funds it raised, or around HK$390 million ($50 million), for development of its robotaxi service. But that's likely just a drop in the bucket for what it will need to keep developing the service until it's one day viable.
The company could also return to the capital market to raise more funds, but could find few takers given the current state of its profitability and business operations. And the dismal post-IPO performance of its stock will hardly encourage new investors to buy more shares.
Perhaps Chenqi could shift to an asset-light model for robotaxis by opening its platform to such vehicles provided by third parties. But there's nothing to prevent other ride-hailing services, including much bigger names like&nbsp;DiDi Global&nbsp;from doing the same.
In addition to Baidu and Pony.ai, China's&nbsp;WeRide&nbsp;(WRD.US) is also pursuing robotaxi service in the country using advanced L4 and L5 autonomous driving technologies. Chenqi is collaborating with Pony.ai and has received investment from the company, but that doesn't change the fact that the pair are at once both friends and rivals.
At the end of the day, Chenqi is really just a ride-hailing service platform without any obvious strength in autonomous driving. What's more, it's up against formidable competition in robotaxis, with Baidu operating at a much larger scale and more financial resources, while Pony.ai and WeRide boast technological advantages. That leaves Chenqi as mostly a second fiddle in the robotaxi race, making it hard to see how that part of the business could someday propel the company to profits that have so far been elusive.

Asia

Equities

Opinion

Chenqi Keeps Racking Up Losses In Congested China Ride-hailing Race

WIIM

LEVI

Levi Strauss shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight. Telsey Advisory also maintained a Buy rating on the stock.

Piper Sandler analyst Crispin Love maintains Ellington Credit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EARN#NYSE">EARN</a>) with a Overweight and lowers the price target from $8 to $6.5.

News

Price Target

Analyst Ratings

EARN

Piper Sandler Maintains Overweight on Ellington Credit, Lowers Price Target to $6.5

Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is having a brutal April &#8211; and not just on the charts. <a href="https://www.benzinga.com/topic/semiconductors">The chipmaker's stock</a> has tanked over 22% in the past five trading days.
As investors hoped for a reprieve, Reuters <a href="https://www.reuters.com/technology/micron-impose-tariff-related-surcharge-some-products-april-9-sources-say-2025-04-08/">dropped</a> a fresh blow: Micron is slapping a tariff-related surcharge on some of its products, effective April 9.
<h2 class="wp-block-heading">Tariffs Trigger Trouble</h2>
Micron, which manufactures much of its portfolio in Asia &#8211; including China, Taiwan, Malaysia, Japan and Singapore &#8211; has informed U.S. customers that it will pass on costs from the latest round of tariffs announced by President Donald Trump. While semiconductors were excluded, the tariffs apply to memory modules and solid-state drives, critical components for laptops, data centers and other tech infrastructure.
Reuters reports that Micron communicated the decision via a letter, explaining that customers will now face a surcharge. This follows similar messaging from its March 21 earnings call, where executives said they intended to pass on tariff-related costs. It also comes on the heels of a separate price increase due to "un-forecasted demand."
Read Also: <a href="https://www.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst">Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst</a>
<h2 class="wp-block-heading">Micron Stock&#8217;s Bearish Breakdown</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="629" height="491" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08084351/Screenshot-2025-04-08-at-6.13.37-PM.png" alt="" class="wp-image-861874" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08084351/Screenshot-2025-04-08-at-6.13.37-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08084351/Screenshot-2025-04-08-at-6.13.37-PM-300x234.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The news couldn't have come at a worse time for Micron's technical setup. Micron stock, at $71.25 is underwater relative to every major moving average. It's well below its eight, 20, 50, and 200-day simple moving averages (SMAs), all of which flag a bearish outlook. The eight-day SMA is at $78.92, the 50-day sits at $92.40, and the 200-day is up to $101.24.
Meanwhile, the Moving Average Convergence Divergence indicator is flashing red at a negative 6.29, and the Relative Strength Index has sunk to 33.35, pushing Micron closer to oversold territory.
<h2 class="wp-block-heading">Micron Stock Investors On Edge</h2>
With a falling knife for a chart and macroeconomic clouds gathering, investors are left in wait-and-watch mode. Micron's no-nonsense approach &#8211; telling customers to absorb the cost or go without &#8211; may protect margins in the short run, but it adds another layer of uncertainty for a stock already in a technical tailspin.
If there's a recovery coming, it's not on the radar just yet.
Read Next: 
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</ul>
Photo: Shutterstock

Technicals

Tech

Trading Ideas

Micron Stock's Bearish Spiral Deepens With Tariff Surcharge On Top Of 22% Plunge

Contracts

ARQQ

Arqit Quantum Announces A Telco Operator Has Signed A Three-Year Contract For Arqit's NetworkSecure, Terms Not Disclosed

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">45.46</td>
<td align="right">1.37</td>
<td align="right">3.10</td>
<td>971.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">188.98</td>
<td align="right">5.52</td>
<td align="right">3.00</td>
<td>72.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">185.99</td>
<td align="right">5.36</td>
<td align="right">2.96</td>
<td>11.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.40</td>
<td align="right">3.93</td>
<td align="right">2.92</td>
<td>42.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">80.38</td>
<td align="right">2.13</td>
<td align="right">2.72</td>
<td>111.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">89.66</td>
<td align="right">2.31</td>
<td align="right">2.64</td>
<td>2.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">120.40</td>
<td align="right">3.01</td>
<td align="right">2.56</td>
<td>11.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">78.37</td>
<td align="right">1.74</td>
<td align="right">2.27</td>
<td>2.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">74.61</td>
<td align="right">1.22</td>
<td align="right">1.66</td>
<td>25.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">38.60</td>
<td align="right">0.58</td>
<td align="right">1.52</td>
<td>1.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">78.41</td>
<td align="right">0.86</td>
<td align="right">1.10</td>
<td>13.3K</td>
</tr>
</tbody>
</table>
No loser in today's Pre-market session. 
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

Pre-Market Outlook

Movers

ETFs

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For April 8, 2025

Wix.com shares are trading higher after Wells Fargo upgraded the stock from Underweight to Equal-Weight and raised its price target from $169 to $176.

Piper Sandler analyst Crispin Love maintains Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) with a Neutral and lowers the price target from $182 to $140.

Piper Sandler Maintains Neutral on Blackstone, Lowers Price Target to $140

NCI presentation to highlight IL-12 fused antibody drug conjugate during poster presentation
PRINCETON, N.J., April 08, 2025 (GLOBE NEWSWIRE) -- PDS Biotechnology Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDSB#NASDAQ">PDSB</a>) ("PDS Biotech" or the "Company"), a late-stage immunotherapy company focused on transforming how the immune system targets and kills cancers, today announced that an abstract submitted by the National Cancer Institute ("NCI") reporting clinical data on PDS01ADC, the Company's IL-12 fused antibody drug conjugate, has been accepted for presentation at the American Association for Cancer Research ("AACR") Annual Meeting 2025, taking place April 25-30, 2025, in Chicago, Illinois.
Details of the presentation are as follows:
Title: Alterations in peripheral T stem-like memory cells in patients with advanced solid tumors treated with tumor-targeting IL-12 therapy Abstract: 5800 / 9 Session Type: Poster Session Session Title: PO.CL06.10 - Immune Response to Therapies Date and Time: April 29, 2025, 2:00 PM - 5:00 PM CT Presenter: Meghali Goswami, Postdoctoral Fellow, The National Institutes of Health

Biotech

General

PDSB

PDS Biotech Announces PDS01ADC Clinical Data To Be Presented At The American AACR Annual Meeting 2025

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08063845/Niu-0408-01.jpeg" alt="" class="wp-image-9977" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08063845/Niu-0408-01.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08063845/Niu-0408-01-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/08063845/Niu-0408-01-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The electric scooter maker's China unit sales rose 66% in the first quarter, while its global sales grew by just 6% on tariff headwinds
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>Niu Technologies said its China e-scooter unit sales rose 66% in the first quarter, boosted by a government program to stimulate consumer spending</li>
<li>The company's international unit sales growth slowed to just 6% in the first quarter, as it faced tariff headwinds in the U.S. market</li>
</ul>
Its name means "bull" in Chinese, and these days electric scooter maker&nbsp;Niu Technologies&nbsp;(NIU.US) is living up to that name, charging into some major headwinds overseas as a result of protective U.S. tariffs. But the company is also getting some nice tailwinds in its home China market from a government program aimed at boosting consumer spending.
Both of those elements were at the forefront of a&nbsp;<a href="https://www.globenewswire.com/news-release/2025/04/04/3055750/0/en/Niu-Technologies-Provides-First-Quarter-2025-Sales-Volume-Update.html">first-quarter update</a>&nbsp;from Niu last Friday, in which it said its China sales charged ahead by 66% in the three-month period, even as its international sales nearly ground to a halt with just a 6% rise. We'll dissect both of these elements shortly, but first we'll review the bigger picture for this company.
Niu has been a slightly lost bull these past few years, and is trying to find its way back to growth and profitability after slipping into the red and revenue contraction in 2022.
It has spent much of the last three years working on that by focusing on the premium end of its home China market that accounts for more than 85% of its sales and is especially competitive at the lower end of the market. Overseas the company has been more focused on building out its sales network by signing up more dealers and doing distribution deals with big-name retailers like Walmart in the U.S. and MediaMarkt in Germany.
As a result of those efforts, the company returned to revenue growth last year, as its annual revenue rose 24% to 3.29 billion yuan ($451 million). It is still losing money, though its loss narrowed in last year's fourth quarter to 72.5 million yuan from 130 million yuan a year earlier. One of the two analysts polled by Yahoo Finance expects the company to return to profitability this year, while the other expects it to keep losing money.
The company's return to the black is being hampered by falling gross margins as it grapples with stiff competition and also relies heavily on low-margin kick-scooters for a big part of its international business. Its gross margin was moving in the wrong direction last year, falling to 15.2% from 21.5% in 2023, including an even larger plunge to just 12.4% in the fourth quarter from 19.0% a year earlier.
Its early turnaround story has won mostly praise from the investment community, with three of four analysts polled by Yahoo Finance rating the company a "buy," while the fourth rates it a "hold." The company currently trades at a price-to-sales (P/S) ratio of just 0.56. But that's ahead of most of its peers, including domestic rivals&nbsp;Luyuan&nbsp;(2451.HK) and&nbsp;Ninebot&nbsp;(689009.SH), which trade at even lower ratios of 0.52 and 0.31, respectively, and Vespa maker&nbsp;Piaggio&nbsp;(PIA.MI), which trades at just 0.38.
That shows this group is generally underappreciated by investors, perhaps due to the sector's relatively low barriers to entry that have resulted in intense competition and low profit margins.
<h4 class="wp-block-heading">Trade-in dividend</h4>
With that background in mind, we'll return to the company's latest business update and why it looks generally positive for Niu's core China business but is less upbeat for its global ambitions.
The company's China scooter sales rose 66% year-on-year to 183,065 units in the first quarter, which is typically a slower period due to the Lunar New Year holiday. That strong growth extends a streak dating back to the fourth quarter of last year, when Niu's unit sales rose by a similar 65.1% year-on-year. Before that, the company's China unit sales posted much slower growth of 12.4% in the third quarter and 16.2% in the second.
Niu patted itself on the back by attributing the strong first-quarter growth to the "successful execution of our product and channel strategies." But the bigger reason behind the strong gains is more likely related to one of China's main programs to boost spending in the current sluggish consumer environment. That program offers government subsidies for consumers when they trade in various used products for new ones.
Launched last year, the program initially focused on big-ticket items like home appliances. But it has gradually moved down the food chain with expansion into other categories, including e-scooters starting last September. Following that expansion, China's Commerce Ministry reported that nearly 900,000 new e-bikes and e-scooters were purchased through the trade-in program in December.
Niu seems to think this boost will continue throughout 2025, forecasting last month that its overall sales volume this year would rise between 40% and 70% to between 1.3 million and 1.7 million units.
While things looked strong at home for the company in the first quarter, the opposite was true for Niu's international segment, whose first-quarter unit sales rose just 6% year-on-year to 20,248 units for the period. That marked a sharp slowdown from 2024, when international unit sales rose by 45% or more every quarter.
The company didn't comment on the slowdown in its latest announcement. But it was quite vocal in its latest earnings call last month on the effects of a new 25% tariff imposed by the U.S. last September on Chinese imports by the administration of former President Joe Biden. To get around that, the company set up a manufacturing facility in Southeast Asia that started producing in the second half of last year.
But that workaround has obviously become obsolete under the latest tariffs announced last week by resident Donald Trump, which apply not only to China but to nearly every country that conducts significant trade with the U.S. Niu doesn't say how much of its overseas business goes to the U.S., but it has previously named the country, along with Germany, Italy and France, as its major overseas markets. It has also named U.S. retailing giants Walmart and Best Buy as two of its important overseas partners.
All things considered, 2025 is shaping up as a relatively strong year for Niu due to its solid prospects in China, despite the cloudy outlook overseas. Investors seem to like that story, with Niu's stock up 70% so far this year, even after a selloff that saw it drop 28% over the last five days during the global market rout after Trump's new tariff announcement last week.

Signals

Niu Technologies Stock Still Up 70% YTD, Despite Tariff Gloom

Delta Air Lines shares are trading higher after the company announced it will expand its GTF overhaul capacity at its TechOps' Atlanta facility through a deal with Pratt & Whitney and RTX.

BOSC

BOS RFID Division Secures $375,000 Order For An Automatic Sorting Machine

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has become the ultimate AI bellwether—but that status is <a href="https://www.benzinga.com/topic/artificial-intelligence">coming under pressure</a>. 
After a blistering multi-year run, shares are now down nearly 29% year to date and 8.7% over the past month. Mounting concerns around capital expenditures, valuation, and geopolitical risks create uncertainty for <a href="https://www.benzinga.com/quote/nvda/news">Nvidia stock investors</a>.
"Regarding Nvidia, it is certainly a bellwether within the semiconductor space and AI revolution," said a Direxion&#8217;s Managing Director Ed Egilinsky said in an exclusive interview with Benzinga.
"However, with the Deepseek news last month, and the negative impact it can have on overall capex spending, has led many to be concerned whether its current growth rate is sustainable."
Read Also: <a href="https://www.benzinga.com/25/04/44671636/nvidia-applied-materials-provide-115m-fund-to-digital-engineering-startup-rescale">Nvidia, Applied Materials Back Digital Engineering Startup In $115M Round</a>
<h2 class="wp-block-heading">Nvidia Stock Technicals Turns Bearish</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="629" height="491" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM.png" alt="" class="wp-image-861700" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08072329/Screenshot-2025-04-08-at-4.53.16-PM-300x234.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
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That sustainability question is colliding with bearish technicals. Nvidia stock is now trading below all key short-term and long-term simple moving averages (SMAs) — an unambiguous &#8216;Bearish&#8217; signal from a technical standpoint:
<ul>
<li>Eight-day SMA: $104.15</li>
<li>20-day SMA: $112.11</li>
<li>50-day SMA: $120.05</li>
<li>200-day SMA: $126.73</li>
<li>Nvidia stock price: $100.85</li>
</ul>
The MACD (moving average convergence/divergence) indicator is a negative 5.90 and the RSI (relative strength index) has dropped to 37.48, indicating that bearish momentum is building, though some traders may soon start eyeing a rebound play on oversold conditions.
"In addition, the increasing competitive landscape combined with the overhang of possible further tariff and regulatory restrictions on U.S. chipmakers also could weigh on the stock," Ed added.
<h2 class="wp-block-heading">From Market Darling To Valuation Puzzle</h2>
While bulls still argue Nvidia's long-term dominance in AI makes any dip a buying opportunity, traders are split. For those trying to ride either direction of this volatility, Direxion offers tools for both camps.
"For playing either side of the NVDA trade, one can look to either our Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>) or the Direxion Daily NVDA Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDD#NASDAQ">NVDD</a>)."
Whether this is a pause before the next leg higher or a sign of deeper correction, Nvidia's once one-way momentum trade now faces real complications.
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Teddy Pornprinya, co-founder and Chief Business Officer of Plume Network, believes the most immediate future of tokenized real-world assets (RWAs) lies in traditional financial instruments like treasuries and private credit—while more exotic or illiquid assets may be overhyped or too early for mass adoption.
"Top of the funnel is something super liquid and super safe," Pornprinya said in an interview with Benzinga. "So a lot of people go to different products that are like treasury-type based. Apollo's private credit fund is also a pretty safe asset that there&#8217;s been a lot of demand for."
Plume, a Layer 1 blockchain purpose-built for RWAs, has become a key infrastructure player in the space by combining tokenization with DeFi tooling, what the team calls "RWA-Fi." 
The platform allows users to buy tokenized assets, collateralize them in lending protocols, or swap them in automated market makers (AMMs), enhancing their utility far beyond passive ownership.
"We're making a lot more liquidity and utility available to what used to be static assets," he said. "The idea is that people can park their money into our RWAs, make real yield, maybe get some Plume incentives on top, and when they're done, go back into the broader DeFi ecosystem."
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44672506/blackrock-ceo-larry-fink-warns-many-already-believe-the-us-is-in-a-recession">BlackRock CEO Larry Fink Warns &#8216;Many Already Believe The US Is In A Recession&#8217;</a>
<h3 class="wp-block-heading">Overhyped: Real Estate And Illiquid Exotic Assets</h3>
While there&#8217;s no shortage of excitement around tokenizing everything from diamonds to camels, Pornprinya cautioned that some assets are better left off-chain for now.
"There's this misconception where if you tokenize everything in the world, it's actually better on-chain. But some assets are better off in the real world," he said.
Citing an example, he said people think if real estate is brought on-chain there's more liquidity, but the truth is, if you&#8217;re dealing with LPs who want quicker exits, long lock-up real estate isn&#8217;t the best fit for a crypto-native environment.
<h3 class="wp-block-heading">Infrastructure And Distribution Are The Bottlenecks</h3>
Pornprinya also emphasized that tokenization isn't just about turning an asset into an on-chain wrapper. 
It's about ecosystem enablement, compliance, and access to end users. 
Plume is using a "modular compliance architecture" that supports KYC, AML, and regional licensing by integrating with partners, allowing projects to scale without being bogged down by regulatory overhead.
"Some huge asset managers we've spoken to are ready to come on-chain, but their biggest issue is distribution," he said. "How do you get more people to buy your product? That's where Plume comes in. All of our resources are dedicated to building and distributing RWA products globally."
The platform currently hosts over 200 projects ranging from tokenized solar farms and GPUs to more unconventional assets. 
But Pornprinya reiterated that user trust and asset quality are paramount. "We want to bring on quality assets that users want to use. These assets have to meet a certain criteria to flow through the RWA-Fi ecosystem."
<h3 class="wp-block-heading">Plume Eyes A Global RWA Marketplace</h3>
With institutional support from Apollo and Binance Labs, Plume is eyeing rapid global expansion. 
The platform is forming partnerships in Asia, Latin America, Africa, and the UAE. 
Looking ahead, the company is preparing for its mainnet launch in Q2 2025 and building cross-chain infrastructure in partnership with LayerZero through a new protocol called Skylink, which will allow RWA yields to stream across ecosystems like Solana.
Asked about Plume's broader vision, Pornprinya summed it up simply: "We want to be the hub for everything RWA-related. And when people ask what the ideal RWA marketplace looks like—it's Plume."
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