Leading cryptocurrencies rose Tuesday, helped by improved consumer confidence and the Trump family&#8217;s foray into the Bitcoin treasury space.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:50 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.54%</td><td>$108,887.61</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+4.46%</td><td>$2,641.03</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.95%</td><td>$0.2259</td></tr></tbody></table></figure>



What Happened: The apex cryptocurrency tapped the high $110,000s in the early morning hours before sliding to the $108,000 region overnight.



Ethereum saw greater momentum as the second-largest cryptocurrency jumped 4.5% in the last 24 hours, reaching an intraday high of $2,712.29.&nbsp;



As of this writing, Ethereum has outperformed its senior sibling in the second quarter, up 45% to Bitcoin&#8217;s 31% increase.



The moves come after Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), a firm co-founded and <a href="https://in.benzinga.com/25/03/44268596/trumps-net-worth-plummets-by-nearly-300m-as-djt-stock-drops-to-its-lowest-since-october">majority-owned by</a> President Donald Trump, announced it will use the proceeds of a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635335/donald-trump-jr-says-we-are-seriously-long-bitcoin-and-after-tmtg-reveals-treasury-strategy">$2.5 billion private offering</a> to create a Bitcoin treasury.



Meanwhile, over $231 million was liquidated from the cryptocurrency market in the last 24 hours, with the majority being bearish short bets.



Bitcoin&#8217;s Open Interest rose 1.87% in the last 24 hours, while Ethereum saw a 7.68% jump in funds locked in its derivatives. More than 57% of Binance traders with open ETH positions were positioned long as of this writing.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:50 p.m. ET)</td></tr><tr><td>Virtuals Protocol (VIRTUAL)</td><td>+17.42%</td><td>$2.46</td></tr><tr><td>PancakeSwap (CAKE)</td><td>+14.98%</td><td>$2.82</td></tr><tr><td>SPX6900 (SPX)</td><td>+4.87%</td><td>$3.01</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.44 trillion, following a spike of 1.31% in the last 24 hours.



Stocks lifted on the first day of the holiday-shortened trading week. The Dow Jones Industrial Average gained 740.58 points, or 1.78%, to end at 42,343.65. The S&amp;P 500 added 2.05% to close at 5,921.54, while the tech-heavy Nasdaq Composite rallied 2.47% to end at 19,199.16.



The market reacted to Trump's decision <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">to delay the 50% tariffs on European Union imports</a> until July 9 from June 1. Additionally, U.S. <a href="https://www.benzinga.com/government/regulations/25/05/45621929/confidence-bounces-back-thanks-to-us-china-deal-but-consumers-still-play-it-safe">consumer confidence rebounded in May</a>, fueled by a recovering stock market and hopes tied to easing U.S.-China trade tensions.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Cryptocurrency analyst and trader Ali Martinez indicated that Bitcoin's top could be some time away.



"Bitcoin traders are currently sitting on 27% average profits. Historically, things start to look toppy once profits exceed 40%," Martinez added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> traders are currently sitting on 27% average profits. Historically, things start to look toppy once profits exceed 40%. <a href="https://t.co/LdXDqNQrO9">pic.twitter.com/LdXDqNQrO9</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1927449729232683320?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another widely followed cryptocurrency commentator, Michaël van de Poppe, said ETH was looking primed for a breakout above $3,000.



"ETH is probably the best play to have in your base portfolio," he stated.



<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">Things can change quickly. This one is also looking for a breakout upwards to $3,000+.<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is probably the best play to have in your base portfolio. <a href="https://t.co/G8hD6CR9Id">pic.twitter.com/G8hD6CR9Id</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1927314085277810904?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Yalcin Sonat On Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45627312/bitcoin-whale-in-stormy-waters-down-55-million-from-all-time-high-in-4-days">Bitcoin Whale In Stormy Waters, Down $55 Million From All-Time High In 4 Days</a></li>
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Cryptocurrency

News

Markets

Movers

Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Gain After Trump Media's Planned BTC Investment, Consumer Optimism: Analyst Says This Large Crypto Is 'Best Play' In Base Portfolio At The Moment

On Tuesday, Cathie Wood-led Ark Invest executed notable trades involving NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). These trades come amid significant market developments and strategic shifts, capturing the attention of investors and analysts alike.



The Tesla Trade



Ark Invest made a significant decision to sell shares of Tesla on Tuesday. The trade involved the sale of 27,377 shares through the ARK Innovation ETF (BATS: ARKK). This move comes as Tesla&#8217;s stock experienced a 6.94% surge, reaching $362.89 for the day. Ark&#8217;s Tesla transaction was valued at $9.9 million.



On Tuesday, Elon Musk emphasized his <a href="https://www.benzinga.com/news/25/05/45623941/tesla-stock-rises-as-elon-musk-pledges-renewed-focus-on-company-whats-going-on">renewed commitment</a> to Tesla in a social media post, stating he is now &#8220;spending 24/7 at work,&#8221; which has sparked investor interest.



The Nvidia Trade



Ark Invest also made a strategic purchase of NVIDIA shares, acquiring 21,504 shares through the ARKK ETF and an additional 13,039 shares via the ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). This acquisition occurs as Nvidia prepares to release its <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45629981/nvidia-amd-shares-climb-as-tariff-delay-boosts-tech-sector-whats-going-on">first-quarter earnings</a>, with expectations of an EPS of $0.88 and revenue of $43.54 billion. Nvidia&#8217;s stock has seen a 20.75% increase over the past month, driven by strong technical indicators and anticipation of its earnings report. The purchase by Ark Invest highlights confidence in Nvidia&#8217;s position as a leader in AI technology, despite geopolitical challenges.



On Tuesday, Nvidia stock rose 3.2% for the day at $135.50. The stock purchase by Wood was valued at $4.7 million.



The AMD Trade



Ark Invest&#8217;s interest in AMD was evident with the purchase of 50,837 shares through the ARKK ETF and 46,231 shares via the ARKW ETF. This move aligns with AMD&#8217;s growing presence in the AI sector, positioning itself as a formidable competitor to Nvidia. The recent delay in tariffs on European Union imports by President Donald Trump has provided a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45629981/nvidia-amd-shares-climb-as-tariff-delay-boosts-tech-sector-whats-going-on">boost to AMD&#8217;s stock</a>, contributing to a broader tech sector rally.



For the day, AMD stock rose 3.85% to $114.56, making Ark&#8217;s purchase worth $11.1 million.



Other Key Trades:



<ul class="wp-block-list">
<li>Sold 1,104,945 shares of 3D Systems Corp through the ARKQ ETF and 257,346 shares through ARKX..</li>



<li>Bought 230,450 shares of CRISPR Therapeutics AG via the ARKK ETF and 32,009 through ARKG.</li>



<li>Sold 95,589 shares of Roblox Corp through the ARKK ETF.</li>
</ul>



Benzinga Edge Stock Rankings indicate AMD has a Momentum in the 20th percentile and Growth in the 97th percentile. Here is how you can <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">find out</a> how Nvidia compares.



<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="442" height="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25.png" alt="" class="wp-image-929139" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27210340/Screenshot-2025-05-28-at-10.03.25-300x190.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>



Photo Courtesy: ChrisStock82 on Shutterstock.com



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<li><a href="https://benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" target="_blank" rel="noreferrer noopener">Trump&#8217;s Apple Beef Isn&#8217;t Just About India-Made iPhones — It&#8217;s Also About Skipped Middle East Trip: Report</a></li>
</ul>



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>

Equities

ETFs

ARKK

ARKW

NVDA

TSLA

Cathie Wood Dumps $9.9M Tesla Despite Musk's '24/7' Pledge, Loads Up on Nvidia Before Earnings

White House economic advisor Kevin Hassett claims that the U.S. economy narrowly avoided a recession thanks to the GOP-backed tax bill.



What Happened: Hassett says that had the &#8220;One Big, Beautiful Bill&#8221; not passed in the House, &#8220;it would have been the biggest tax hike in American history,&#8221; while appearing on CNBC&#8217;s Squawk Box on Tuesday.



&#8220;And that big tax hike… would have cut about 4% off of GDP growth. We'd have had a recession,&#8221; says the Director of the National Economic Council, while citing figures from the Council of Economic Advisers and the Congressional Budget Office to support his claim.



See Also: <a href="https://www.benzinga.com/general/education/25/05/45635231/trump-administration-freezes-student-visa-appointments-will-step-up-social-media-surveillance-of-applicants">Trump Administration Freezes Student Visa Appointments, Will Step Up Social Media Surveillance Of Applicants</a>



Hassett explains that during a recession, government revenue tends to fall more steeply than the GDP. &#8220;The elasticity is one and a half,&#8221; he says. &#8220;So it&#8217;s a 6% decline in revenue,&#8221; assuming a 4% drop in economic output. That would amount to &#8220;maybe about $300 billion decline in revenue just this year,&#8221; he says.



He also pushed back against claims of the economy being vulnerable, pointing to recent strength in employment figures and the moderation of inflation. &#8220;We have really strong job numbers. We&#8217;ve got inflation heading down towards the Fed&#8217;s target,&#8221; Hassett said.



Hassett believes the markets were rattled by early uncertainty over the fate of the bill. He adds that the &#8220;Senate is making a great deal of progress,&#8221; and that the &#8220;gap between the Senate and the House is not enormous.&#8221;



Hassett concludes that, &#8220;once that big, beautiful bill is passed, then I think that we're off to the races,&#8221; implying a burst of momentum in the markets, as well as the broader economy.



Why It Matters: Hassett&#8217;s comments come amid growing concerns regarding <a href="https://www.benzinga.com/markets/25/05/45600354/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-5-15-as-bond-market-freaks">spiking Treasury yields</a>, with 30-Year notes surging past the key 5% levels last week, owing to the bill&#8217;s provisions for extensive tax cuts and increased spending.



Critics such as Lawrence McDonald of The Bear Traps Report have <a href="https://www.benzinga.com/25/05/45622854/trump-may-be-smoking-in-the-dynamite-shed-as-the-big-beautiful-bill-drives-bond-yields-higher">referred to the bill</a> as being akin to &#8220;smoking in the dynamite shed,&#8221; referring to the long-term implications of rates being &#8220;higher for longer,&#8221; while citing the example of the billions in unrealized losses now facing Japan&#8217;s top insurance companies.



The bill has also come under criticism for its <a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">cuts to social safety nets</a> and programs, while offering extensive tax cuts to the ultra-wealthy. Economist Justin Wolfers referred to it as &#8220;just pure reverse Robin Hood&#8221; last week, owing to its regressive characteristics. 



Price Action: U.S. 10-Year Treasury yields are now at 4.46%, while the 20-Year and 30-Year notes offer yields of 4.98%, and 4.97%, respectively, marking a retreat from the peak 5% yields last week.



Photo Courtesy: Dilok Klaisataporn On Shutterstock.com



Read More:



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<li><a href="https://www.benzinga.com/personal-finance/25/05/45608058/trump-says-hell-fix-social-security-but-these-4-changes-are-completely-out-of-his-hands">Trump Says He&#8217;ll Fix Social Security — But These 4 Changes Are Completely Out Of His Hands</a></li>
</ul>



<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="Watch CNBC&#039;s full interview with National Economic Council Director Kevin Hassett" width="500" height="281" src="https://www.youtube.com/embed/qE_vBouvbF8?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>

Government

Federal Reserve

Trump Economic Advisor Kevin Hassett Says 'We'd Have Had A Recession' But Passing Of 'One Big Beautiful Bill' Helped Avoid The Downturn

As Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) prepares to report earnings on Wednesday, investors are not simply waiting for numbers; they&#8217;re listening for a seismic shift in chip geopolitics. With China sales squeezed by a regulatory vise and the <a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">Middle East stepping up as an unlikely new purchaser of AI brawn</a>, the question hangs: Will Nvidia&#8217;s transformation remake the semiconductor map and the ETFs that follow it?



Welcome to the era of ETF-lation, where macro headwinds and AI ambitions cross paths to challenge the durability of <a href="https://www.benzinga.com/etfs">chip-laden ETFs</a>.



From Sanctions To Sand Dunes: Nvidia&#8217;s AI Detour



Following a $5.5 billion blow from U.S. export curbs on its H20 chips to China, Nvidia is making lemonade from silicon. Recent transactions in the Middle East, such as the sale of 18,000 Blackwell chips to Saudi Arabia&#8217;s Humain and a multi-country collaboration with the UAE to <a href="https://www.benzinga.com/news/25/05/45602697/abu-dhabi-backed-g42-and-igenius-team-up-to-build-europes-most-powerful-ai-supercomputer-using-nvidia-chips-in-italy">establish an AI campus</a>, are turning out to be the company&#8217;s new money-making frontier.



These transactions won&#8217;t entirely recoup the estimated $15 billion in FY26 lost sales associated with the ban, but they provide a compelling second-quarter narrative, particularly as President Trump&#8217;s latest Middle Eastern dealstorm puts U.S. tech back on regional center stage.



Also Read: <a href="https://www.benzinga.com/25/05/45292701/alarm-bells-ring-for-nvidia-as-a-likely-98-billion-blow-threatens-an-nvda-stock-crash-the-etfs-most-at-risk-or-opportunity">Alarm Bells For Nvidia As $9.8 Billion Blow Threatens A Crash: ETFs With Most Risk Or Opportunity</a>



ETF Exposure: Who Has the Most Skin In The Chip Game?



For investors in ETFs, Nvidia&#8217;s shift has ripple effects. <a href="https://www.benzinga.com/topic/semiconductors">Semiconductors are notoriously cyclical</a>, but AI is a different game. Here&#8217;s how the most chip-dense funds:



VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>): Nvidia carries the heaviest weight (~21%), so this fund is the most sensitive to tomorrow&#8217;s earnings pyrotechnics whether good or bad.



iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>): As a leading holding (around 8-10%), Nvidia puts SOXX on more diversified exposure of old-line chipmakers such as Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).



Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>): Less silicon than AI, but still bouncing off the coattails of Nvidia. Middle East alliances would add fuel to AIQ&#8217;s thematic growth story.



Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616366/nvidias-q1-earnings-loom-while-amds-edge-ai-bet-could-change-the-narrative">Nvidia&#8217;s Q1 Earnings Loom, While AMD&#8217;s Edge AI Bet Could Change The Narrative</a>



How A Strong Q2 Outlook Could Rewire Chip ETFs



The newly signed Saudi Arabian deals, especially the sale of 18,000 Blackwell chips to Humain, may provide a strong upside shock to Nvidia&#8217;s second-quarter outlook. If Nvidia&#8217;s management hints that these Middle Eastern deals are driving good revenue growth, it will do more than just support the stock price.



SMH and SOXX might experience a new wave of investor capital as excitement over Nvidia&#8217;s refreshed growth pipeline revives semiconductor exposure confidence. A robust Q2 outlook might lead portfolio managers to add weighting to Nvidia or position more aggressively in chipmakers with exposure to increasing AI infrastructure in the Gulf.



AI-themed ETFs such as AIQ and ROBO Global Robotics and Automation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROBO#NYSE">ROBO</a>) may catch the narrative wave and receive flows from investors looking to support the &#8216;new AI frontier&#8217; beyond China. This would broaden their theme appeal among global AI growth hunters.



A surprise positive would also mute fears over the $5.5 billion write-off and margin squeeze, cooling the downside pressures that have weighed on chip ETFs in the last few weeks.



Risk, Meet Rotation



<a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results">Bank of America cautioned a gross margin decline</a>, from 71% to 58%, as a result of the $5.5 billion inventory write-down. Pro forma EPS could miss consensus by up to 16%, declining to $0.74. Nonetheless, the company has a &#8220;Buy&#8221; rating with a $160 price target, depending on long-term AI tailwinds.



This presents a strategic dilemma to ETF investors: double down on semiconductors or swing into more diversified technology and AI funds?



Consider these two strategic plays:



Hold the line on concentrated exposure (SMH/SOXX) if you&#8217;re confident in Middle East-led growth.



Swing into AI-themed ETFs like ROBO, THNQ, or even WTAI for a more diversified innovation play with less Nvidia sensitivity.



Bottom Line: A Fork In The AI Road



As tensions between the U.S. and China heighten and AI infrastructure explodes elsewhere, ETF managers might have to reevaluate country-specific threats and demand pipelines.



If Nvidia reports high guidance tomorrow, chip-heavy funds can take off. If it doesn&#8217;t, investors might begin to look around for who&#8217;s next in the AI battle and which ETFs are best poised to profit.



Either way, the silicon tale is no longer an American or a Chinese one; it&#8217;s global, geopolitical, and coming directly into your ETF screen.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45627370/etf-showdown-voo-gains-billions-while-spy-ivv-bleed-cash">ETF Showdown: VOO Gains Billions While SPY, IVV Bleed Cash</a></li>
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Photo: Shutterstock

Sector ETFs

Tech

AVGO

INTC

ROBO

SOXX

Nvidia's Q1 Earnings May Mark A Turning Point For Chip ETFs

Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) reported financial results for the first quarter after the market close on Tuesday. Here&#8217;s a rundown of the <a href="https://www.benzinga.com/pressreleases/25/05/b45629961/okta-announces-first-quarter-fiscal-year-2026-financial-results">cloud-native cybersecurity company&#8217;s report</a>.



Q1 Earnings: Okta reported first-quarter revenue of $688 million, beating analyst&nbsp;<a href="http://benzinga.com/quote/okta/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $680.25 million. The company reported adjusted earnings of 86 cents per share, beating analyst estimates of 77 cents per share.



Okta has a history of consistently beating analyst estimates on the top and bottom lines, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Total revenue was up 12% on a year-over-year basis as subscription revenue also climbed 12%. Remaining performance obligations totaled $4.08 billion at quarter&#8217;s end, up 21% year-over-year.



Net cash provided by operations was&nbsp;$241 million, up from $219 million in the prior year's quarter. Okta generated free cash flow of $238 million in the first quarter, up from $214 million year-over-year. 



The company ended the quarter with approximately $2.73 billion in cash, cash equivalents and short-term investments.



&#8220;Okta had a solid start to FY26 highlighted by record operating profit and another quarter of robust free cash flow. The world&#8217;s biggest organizations continue to turn to Okta to solve identity security across their workforces, customers, and AI use cases,&#8221; said&nbsp;Todd McKinnon, co-founder and CEO of Okta.



Guidance:&nbsp;Okta expects second-quarter revenue of $710 million to $712 million. The company anticipates second-quarter adjusted earnings&nbsp;of 83 to 84 cents per share.



&#8220;We remain focused on driving profitable growth, accelerating innovation, and delivering the only modern, unified identity security platform for our customers,&#8221; McKinnon said.



Okta expects full-year 2026 revenue to be in the range of $2.85 billion to $2.86 billion. The company expects full-year adjusted earnings of $3.23 to $3.28 per share.



Okta noted that the company is now factoring in potential risks related to macroeconomic uncertainty for the remainder of the year. Okta&#8217;s management team will further discuss the quarter on a conference call with investors and analysts at 5 p.m. ET.



OKTA Price Action: <a href="https://www.benzinga.com/quote/OKTA" target="_blank" rel="noreferrer noopener">Okta shares</a> were down 11.08% in Tuesday&#8217;s after-hours session, trading at $111.74 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



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Earnings

Guidance

After-Hours Center

OKTA

Okta Beats Q1 Earnings Estimates, Shares Tumble On Cautious Guidance Commentary

While stocks languish below all-time highs, the cryptocurrency market has entered a new bull phase, with Bitcoin hitting all-time highs last week. As direct cryptocurrency investment has gained traction, many investors are now exploring public companies with significant exposure to digital assets. 



Investing in cryptocurrencies is easier for those of us who already have a brokerage account, though it&#8217;s crucial to understand the risks. 



Cryptocurrency markets are inherently volatile, even more so than small caps. Dramatic price swings driven by speculation and sentiment are common. The ever-evolving regulations and technological developments give the space a Wild West feel.



Investing in stocks with fortunes tied to Bitcoin or other digital currencies introduces an even greater layer of unpredictability and risk than conventional stock picking.



That unpredictability and volatility is a risk. But it can also send these stocks soaring.



In this article, we'll pick four stocks that can outperform in a Bitcoin bull market based on technical signals, earnings potential, and the amount of digital assets they hold. Word to the wise: always use an extra measure of caution when investing in crypto-adjacent companies.



<h2 class="wp-block-heading">Coinbase Global Inc.</h2>



Coinbase  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), one of the first companies to offer cryptocurrency investing to retail traders, became the first cryptocurrency exchange to go public in April 2021. The stock quickly shot over $300 per share following the IPO, topping out at $353 at the peak of the 2021 Bitcoin bull market in November. However, like the broader crypto market, Coinbase entered a bear market in 2022, dropping under $50 per share by the start of 2023. Despite its massive market cap and customer base, the stock didn't participate in the 2023 market recovery and only started showing renewed strength once the rally extended to 2024.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfunWdsxqH2-mZLKHcpgU9vQZQJv8IyqtAuLLnRSgRJdilcD9NAIRhShwZMLlDei5fexmCNrFvJgRbNgLUoAotla78XIlUxrb8zwxGr6mUmC7f_w34tDKJNuwuQSOqkFNhkocP2kg?key=4EP4ZqrnKMWz_ZR-254PyQ" alt=""/></figure>



Much like the price of Bitcoin, COIN shares declined for the second half of 2024 before rallying again on Donald Trump's presidential victory in hopes of relaxed crypto regulation. Then, another extended decline followed Inauguration Day, and the stock suffered a 50% haircut. However, now that Bitcoin is reaching new all-time highs, COIN shares have joined in on the fun again, and a new all-time high for the exchange might not be far behind.



The daily chart above shows the stock breaking out of its downtrend thanks to a 16% gain on May 13 on heavy volume. Coinbase reported over $1.2 trillion in trading volume in 2024. Analysts at Goldman Sachs, Benchmark, Oppenheimer, and Rosenblatt have all boosted price targets in the last two weeks. Based on current prices, Coinbase also owns 6,885 Bitcoins in its treasury, worth an estimated $750 million. 



<h2 class="wp-block-heading">Robinhood Markets Inc.</h2>



Robinhood  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) ushered in the commission-free stock trading era, and its 2021 IPO was one of the most heavily anticipated issues in years. But after jumping over $50 per share in the fall of 2021, the stock swooned and, unlike Coinbase, did not experience a new bull run when the market turned in 2023. It took until September 2024 for HOOD shares to sustain a price over $20, but the recent rally has been impressive and should have legs if crypto keeps ascending.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXff4TFbfpi92VaI1bzj4T7bZnEOkthFo8vQUnQPaubGjrYbM45tTsDjmA_HYChvvVba_n8lI3t7chZZcrzpXbYbkaXSZSF3iC4IBwgWF_gpmd7BZvYzZJce3b9Fk_9kI31i-Tn4AA?key=4EP4ZqrnKMWz_ZR-254PyQ" alt=""/></figure>



Today, Robinhood offers retirement accounts, banking services, premium features through its Gold subscription program, and a new platform called Legends for active traders. But the company's bread and butter is still crypto and options trading. In Q1 2025, the company reported $583 million in annual transaction-based revenue, including $252 million from cryptocurrency trading. The $252 million figure represents a 100% increase year-over-year; the company expects to grow total revenue by 30% in 2025.



Technical signals are also strong, with the price trading above the 50- and 200-day simple moving averages (SMAs) and recently reaching a new all-time high. Goldman Sachs, Deutsche Bank, and Needham boosted their price targets this month in defense of their Buy ratings. The average of $69 indicates an upside of nearly 10% from current levels.



<h2 class="wp-block-heading">Strategy Inc.&nbsp;</h2>



Formerly known as MicroStrategy, Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is the planet&#8217;s largest public holder of Bitcoin by a fairly wide margin. According to its most recent treasury report, Strategy now owns over 576,000 Bitcoins, more than 2.7% of the total supply and nearly 530,000 more than any other public company. CEO Michael Saylor has replaced much of his former software business with cryptocurrency management, and the stock has swung violently along with Bitcoin's price gyrations.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeHYtUPbhwZTAI1e-g3B4GuaYZuU-um2wGqH53TGJhEx7jzf5DB7U1pk1pgukmN79xL7vLkzqmIUAzmy45h44OwtfEFtzQ2jC4cH3HG1oEWWT3pXcPZw1HtlAXh1Vq8lcVCiYQiUw?key=4EP4ZqrnKMWz_ZR-254PyQ" alt=""/></figure>



Despite a poor track record of Bitcoin profits (the company has spent over $40 billion on its tokens and current holdings are worth just under $63 billion), MSTR shares often move in lockstep with the price of Bitcoin. The chart above is also flashing some interesting technical signals. After failing to sustain a breakout above the 50-day SMA, the stock finally busted through in mid-April and appeared to be tracking a new high before the RSI triggered an overbought signal, and shares declined. This pullback could be a new entry point for the latest Bitcoin bull market run, as Strategy is likely to continue adding Bitcoins to its treasury as the price action accelerates.



<h2 class="wp-block-heading">Tesla Inc.&nbsp;</h2>



Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares have been caught in a tug-of-war ever since CEO Elon Musk threw his hat into the political ring. Following Trump's November election win, TSLA shares jumped from $242 to $488 in six weeks. However, following the inauguration, shares plummeted to $225 as auto sales dipped globally amidst Musk's declining popularity.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYJw6HhB9_mMrg2B6FiZVl68HixYSGXKjmYsxAVpL2CyLaMxmeE5TyfsloFYe0IOYyptScjw93cg0j_8dEB_mRMFTwstKR-uZocV_fkbP1_giqFDoGsfFtk6242FUHeffSG9-hoQ?key=4EP4ZqrnKMWz_ZR-254PyQ" alt=""/></figure>



Musk recently announced plans to forgo political dealings and concentrate on his companies. While that might be a difficult promise to hold in the future, TSLA stock has reacted positively. Despite declining sales, Tesla remains one of the best Bitcoin investors. The company is the fifth largest public owner with 11,500 Bitcoins, and the buys have been well-timed. The entry value of TSLA's Bitcoin holdings is $330 million, but the current value is over $1.2 billion, a gain of nearly 300% that dwarfs the returns of Strategy, which have barely topped 50%. The daily chart also looks bullish, as a double bottom pattern is receiving confirmation from a breakout on the MACD.



<h2 class="wp-block-heading">This ETF Moves When The Market Drops And Matt's Watching It Now</h2>



Volatility is rising—and one ETF tends to spike when chaos hits. Join Matt Maley this Wednesday to see how he trades it short-term using technical signals, sentiment, and tactical options setups. Claim your free seat <a href="https://events2.benzinga.com/matt-maley-webinar-wed-may28-2025-registration/?utm_campaign=webinar052825&amp;utm_adType=sponsorad&amp;utm_ad=RD052825">HERE</a>.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Opinion

COIN

HOOD

MSTR

4 Crypto Stocks To Consider As Bitcoin Hits New All-Time Highs

Wall Street charged higher Tuesday, with U.S. equities posting broad-based gains by midday as investors embraced a risk-on mood, spurred by easing Treasury yields and renewed optimism surrounding trade talks between the U.S. and the European Union.



The bond market drove a major sentiment shift. U.S. 30-year Treasury yields sank 10 basis points to 4.93%, falling below the psychologically key 5% threshold for the first time in days. 



The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1.5%, eyeing the strongest daily gain since late February 2025. 



This move follows a surprise development in Japan, where the Ministry of Finance announced a reduction in the issuance of longer-dated government bonds. That decision triggered an 18-basis-point drop in Japan's 30-year yield, creating a ripple effect that eased pressure across global fixed-income markets.



The sharp decline in yields helped equities rally across the board. The S&amp;P 500 rose 1.9%, extending May&#8217;s gains to more than 6%. The benchmark is now tracking its strongest monthly performance since November 2023.



Technology and small-cap stocks outpaced broader benchmarks, adding momentum to the rally. Every sector in the S&amp;P 500 traded higher on the day. 



Among the mega-caps, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stood out with a 6.4% gain, reclaiming price levels last seen in mid-February. 



As equity and bond sentiment improved, traditional safe-haven assets lost appeal. Gold prices fell 1%, slipping below $3,300 per ounce. The move reflects investors rotating out of defensive plays amid increasing appetite for risk.



In energy markets, crude oil dropped 1.5% to $60.50 a barrel, while copper prices slid 2.1%, signaling some caution in industrial demand despite the bullish tone in equities.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded near $110,000, remaining close to its all-time highs. 



<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S/ Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day chg. %</td></tr><tr><td>Nasdaq 100</td><td>21,406.38</td><td>2.3%</td></tr><tr><td>Russell 2000</td><td>2,085.63</td><td>2.2%</td></tr><tr><td>S&amp;P 500</td><td>5,913.36</td><td>1.9%</td></tr><tr><td>Dow Jones</td><td>42,271.70</td><td>1.6%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 1:15 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.9% to $590.07.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.6% to $422.83.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;soared 2.3% to $520.83.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 2.3% to $207.26.</li>



<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 2.8%; the&nbsp;Consumer&nbsp;Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, up 0.5%. </li>
</ul>



<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>



<ul class="wp-block-list">
<li>Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) jumped 12.7%, paring earlier bigger gains, after the company rejected a non-binding takeover bid worth up to $16.7 billion from private equity firms TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) and Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>).</li>



<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) tumbled 15% after reporting weaker-than-expected quarterly earnings. </li>



<li>The S&amp;P 500&#8216;s top performers during Tuesday&#8217;s New York session included Hologic Inc., up 14.93%; Tesla Inc., which gained 6.87%; Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), rising 6.82%; Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 6.66% and Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), climbing 6.61%.</li>



<li>The biggest laggards included Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>), which sank 9.63%; AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) down 4.55%; VeriSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) losing 4.28%; Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) slipping 1.70% and Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) falling 1.68%.</li>



<li><path fill-rule="evenodd" clip-rule="evenodd" d="M7 5C7 3.34315 8.34315 2 10 2H19C20.6569 2 22 3.34315 22 5V14C22 15.6569 20.6569 17 19 17H17V19C17 20.6569 15.6569 22 14 22H5C3.34315 22 2 20.6569 2 19V10C2 8.34315 3.34315 7 5 7H7V5ZM9 7H14C15.6569 7 17 8.34315 17 10V15H19C19.5523 15 20 14.5523 20 14V5C20 4.44772 19.5523 4 19 4H10C9.44772 4 9 4.44772 9 5V7ZM5 9C4.44772 9 4 9.44772 4 10V19C4 19.5523 4.44772 20 5 20H14C14.5523 20 15 19.5523 15 19V10C15 9.44772 14.5523 9 14 9H5Z" fill="currentColor"></path><path fill-rule="evenodd" clip-rule="evenodd" d="M12.1318 2.50389C12.3321 2.15338 12.7235 1.95768 13.124 2.00775L13.5778 2.06447C16.0449 2.37286 17.636 4.83353 16.9048 7.20993L16.354 8.99999H17.0722C19.7097 8.99999 21.6253 11.5079 20.9313 14.0525L19.5677 19.0525C19.0931 20.7927 17.5124 22 15.7086 22H6C4.34315 22 3 20.6568 3 19V12C3 10.3431 4.34315 8.99999 6 8.99999H8C8.25952 8.99999 8.49914 8.86094 8.6279 8.63561L12.1318 2.50389ZM10 20H15.7086C16.6105 20 17.4008 19.3964 17.6381 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stroke-linejoin="round"></path><path d="M5.66282 16.5231L5.18413 19.3952C5.12203 19.7678 5.09098 19.9541 5.14876 20.0888C5.19933 20.2067 5.29328 20.3007 5.41118 20.3512C5.54589 20.409 5.73218 20.378 6.10476 20.3159L8.97693 19.8372C9.72813 19.712 10.1037 19.6494 10.4542 19.521C10.7652 19.407 11.0608 19.2549 11.3343 19.068C11.6425 18.8575 11.9118 18.5882 12.4503 18.0497L20 10.5C21.3807 9.11929 21.3807 6.88071 20 5.5C18.6193 4.11929 16.3807 4.11929 15 5.5L7.45026 13.0497C6.91175 13.5882 6.6425 13.8575 6.43197 14.1657C6.24513 14.4392 6.09299 14.7348 5.97903 15.0458C5.85062 15.3963 5.78802 15.7719 5.66282 16.5231Z" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path><path d="M14.5 7L18.5 11" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path><div class="text-center"></div><path d="M7.5 13.25C7.98703 13.25 8.45082 13.1505 8.87217 12.9708C8.46129 14.0478 7.62459 15.5792 6.35846 15.76C5.81173 15.8382 5.43183 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(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) and Heico Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>). Read Now: • <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45616116/trumps-tariffs-may-trigger-an-inflation-shock-but-not-a-lasting-one-goldman-sachs-says">Trump&#8217;s Tariffs May Trigger An Inflation Shock &#8211; But Not A Lasting One, Goldman Sachs Says</a> Photo: Shutterstock</li>
</ul>

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Macro Economic Events

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HOLX

VRSN

Wall Street Rockets As Bond Yields Drop, Tesla Hits 3-Month Highs: What's Driving Markets Tuesday?

A sharp rebound in inflation tied to Donald Trump's enacted trade tariffs could soon jolt markets, but Goldman Sachs believes this surge will be short-lived, driven by one-off price increases rather <a href="https://www.benzinga.com/topic/expert-ideas">than deeper economic overheating.</a>



In a Tuesday note, the bank's U.S. economist David Mericle said core personal consumption expenditures (PCE) inflation—the Federal Reserve's preferred gauge—will likely rise to 3.6% by the end of 2025. 



That's a notable climb from April's reading of 2.8%, yet Goldman doesn't expect the jump to signal a return to the entrenched inflationary conditions of 2021-2022.



<h3 class="wp-block-heading">Why This Inflation Shock Is Different</h3>



Unlike the pandemic-era inflation, which was powered by demand surges, tight labor markets and massive fiscal transfers, the current shock stems from a one-time shift in relative prices due to tariffs.



"We expect tariffs to provide a one-time price level boost," Mericle said, forecasting a roughly 2% rise in consumer prices over 18 months. 



Goldman estimates that that boost will push core PCE inflation higher by 1 percentage point before fading in 2026 as the base effect wears off.



Three factors support Goldman's benign outlook. 



First, the bank expects sluggish growth. GDP is projected to expand just 1% in 2025—well below its potential—while the unemployment rate drifts higher to 4.5%.



Second, the labor market appears to be normalizing as wage growth indicators have continued to ease. Goldman's composite measure of wage expectations now stands at 2.9%, a pace consistent with inflation below the Fed's 2% target.



Third, consumer dynamics are fundamentally weaker than during the pandemic era. Unlike in 2022, when stimulus checks fueled strong spending, today's consumers are more cautious, limiting businesses' ability to pass on higher costs and discouraging aggressive price hikes.



What Could Go Wrong?



While Goldman remains optimistic, it flags potential risks. Inflation expectations, particularly those measured by the University of Michigan's survey, have climbed past their 2022 highs. Long-term inflation expectations have also edged to multi-decade highs, even before the tariff hikes fully affect consumer prices.



"These are valid concerns," Mericle wrote, though argued technical factors likely exaggerate the Michigan data. Broader market measures of inflation compensation have not shown similar spikes.



A more troubling scenario would unfold if Trump's trade policy escalates further. 



"We would become more worried&#8230; if country-specific tariffs rise back to prohibitive rates," Mericle said, warning that sustained escalation into 2026 could spark supply chain disruptions, shortages and more durable inflation.



Fed Still On Track For Rate Cuts



Despite the tariff-induced inflation spike, Goldman remains confident the Federal Open Market Committee will resume rate cuts once the temporary price pressure fades. 



The firm expects the peak tariff effects to show in inflation data between May and August, with the first rate cut likely in December—assuming inflation shows signs of retraction.



Interest rate traders are pricing in just one 25-basis-point rate cut by the end of the year, according to CME FedWatch data.



Read now: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45610247/us-futures-rally-amid-trumps-eu-tariff-extension-volatile-start-for-nikkei-dollar-continues-descent">Trump Tariff Talks Progressing Well, Says EU Trade Commissioner — S&amp;P 500, Nasdaq Futures Rise After Memorial Day</a></li>
</ul>



Photo: Shutterstock

Analyst Color

Analyst Ratings

Trump's Tariffs May Trigger An Inflation Shock - But Not A Lasting One, Goldman Sachs Says

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) may still be the emperor of AI's training stack, but Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is making a compelling case to become the infrastructure king of everything else.



With Nvidia set to report first-quarter earnings on Wednesday, <a href="https://www.benzinga.com/quote/NVDA/earnings">Wall Street expects</a> fireworks &#8211; an EPS of 88 cents per share and revenue of $43.54 billion. The stock has surged 20.75% in the past month, and despite being slightly under its eight-day simple moving average (SMA), it&#8217;s flashing strong technicals.



<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=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM.png" alt="" class="wp-image-927538" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115503/Screenshot-2025-05-26-at-9.23.58-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>



NVDA stock is trading well above its 20, 50, and 200-day SMAs. With a MACD (moving average convergence/divergence) of 6.29 and RSI (relative strength index) nearing overbought at 63.8, the bulls are clearly in control.



Analysts remain solidly bullish. Recent ratings from Wedbush, BofA, and UBS peg an average price target of $170 — implying nearly 30% upside from current levels. NVDA isn't just the leader; it's still the benchmark.



Read Also: <a href="https://www.benzinga.com/markets/equities/25/05/45605521/after-jensen-huang-criticized-us-export-curbs-nvidia-set-to-launch-cheaper-blackwell-ai-chip-for-china-amid-market-share-slide-report">After Jensen Huang Criticized US Export Curbs, Nvidia Set To Launch Cheaper Blackwell AI Chip For China Amid Market Share Slide: Report</a>



<h2 class="wp-block-heading">AMD's Inference-Focused Strategy Finds Tailwinds</h2>



But AMD isn't trying to be Nvidia anymore, which might be the smartest move in the AI arms race.



<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=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM.png" alt="" class="wp-image-927539" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26115812/Screenshot-2025-05-26-at-9.24.10-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>



While AMD has lagged over the past year, down 35.72%, the stock has bounced back 14.44% in the last month. Its recent technicals are mixed — it's trading below its eight-day SMA but above the 20 and 50-day SMAs. The 200-day still looms overhead, yet with a MACD of 4.30 and RSI of 57.67, buying pressure is building.



And then there's the narrative shift.



<h2 class="wp-block-heading">AI Infrastructure Is Evolving – And So Are Investor Preferences</h2>



As Shay Boloor <a href="https://x.com/StockSavvyShay/status/1926981712526881131">puts it</a>, AMD isn't chasing Nvidia&#8217;s crown — it's building a different kingdom. While Nvidia owns training, AMD is positioning for AI's deployment phase: edge computing, sovereign AI, cost-effective inference and modular stacks. Its MI300X chips and ROCm platform aren&#8217;t trying to out-CUDA CUDA — they're solving problems CUDA wasn't built for.



The $10 billion Humain deal? That's about control, not hype. It's a bold pivot from playing catch-up to reshaping the battlefield.



In a world where AI infrastructure is becoming political and every enterprise wants sovereignty, AMD's open, modular approach isn't just a Plan B. It might be Plan A for hyperscalers and governments that don't want to be locked into Nvidia's stack.



NVDA might crush this quarter — again. But as AI evolves from a centralized boom to a decentralized wave, the market may start asking a different question:



Not "Can AMD catch Nvidia?" But "Did we underestimate what AMD is becoming?"



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">$600B AI Opportunity: Nvidia&#8217;s 18,000-Chip Deal With Saudi Arabia&#8217;s Humain Puts Middle East &#8216;Front Of The Line,&#8217; Says Wedbush&#8217;s Dan Ives</a></li>
</ul>



Photo: Shutterstock

Long Ideas

Technicals

Previews

Nvidia's Q1 Earnings Loom, While AMD's Edge AI Bet Could Change The Narrative

Temu parent&nbsp;PDD Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock declined in premarket on Tuesday after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45613521/pdd-holdings-announces-first-quarter-2025-unaudited-financial-results" rel="noreferrer noopener">fiscal&nbsp;first-quarter</a> 2025&nbsp;results.



Revenue grew&nbsp;10%&nbsp;year-on-year to&nbsp;$13.18 billion&nbsp;(95.67 billion Chinese yuan), missing the&nbsp;analyst consensus estimate of&nbsp;$14.17 billion.



Revenues from online marketing services and others rose&nbsp;15%&nbsp;Y/Y to&nbsp;$6.71 billion, and revenues from transaction services grew 6%&nbsp;Y/Y to&nbsp;$6.47 billion.



Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45348699/us-listed-chinese-stocks-rally-as-countries-agree-to-ease-import-tariffs" rel="noreferrer noopener">US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs</a>



Adjusted operating profit declined by&nbsp;36%&nbsp;Y/Y to&nbsp;$2.52 billion. The adjusted operating margin plunged from 32.9% to 19.1% Y/Y.



The Chinese online retailer&#8217;s adjusted earnings per ADS of&nbsp;$1.56 (11.41 Chinese yuan) decreased from $2.86 (20.72 Chinese yuan) Y/Y, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a> of&nbsp;$2.49.&nbsp;



PDD Holdings held&nbsp;$50.2 billion&nbsp;in cash and equivalents as&nbsp;of March 31, 2025. The company generated&nbsp;$2.14 billion&nbsp;in operating cash flow.



Chairman and Co-CEO Lei Chen said its investments in the platform ecosystem weighed on short-term profitability.



A deceleration in growth rate is anticipated as the business expands and challenges arise, a trend that has been further expedited by shifts in the external environment during the first quarter, asserted Jun Liu, VP of Finance of PDD Holdings. Liu also indicated that the company&#8217;s financial results might continue to show the impact of sustained investments in the ecosystem as they provide support to merchants and consumers through uncertain periods.



PDD Holdings stock surged over 23% year-to-date amid the U.S. and China trade truce.



On May 12, U.S. President Donald Trump <a href="https://www.benzinga.com//node/45368852">significantly reduced tariffs on Chinese imports</a> via executive order, signaling a major shift in trade strategy as the United States entered a 90-day period of trade negotiations with China.



Effective May 14, the de minimis tariff rate on low-value Chinese imports was cut from 120% to 54%, a planned increase in the per-postal-item duty from $100 to $200 was suspended, and general Chinese import tariffs were lowered to 10%, suspending 24% of the previously imposed rate for the 90-day negotiation period.



Trump justified these reductions by stating that China has taken &#8220;significant steps to remedy non-reciprocal trade arrangements.&#8221;



This move is particularly noteworthy as it reverses Trump&#8217;s earlier crackdown on Chinese e-commerce platforms like Temu and Shein, which had previously targeted their use of the de minimis exemption, allowing goods valued under $800 to enter the U.S. duty-free.



The prior enforcement had substantial ripple effects, causing Temu to significantly reduce its U.S. advertising spend and its share of Google Shopping ads to drop to zero.



Price Action: PDD stock is trading lower by 18.2% to $97.50 premarket at last check Tuesday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44909414/google-parent-alphabets-topline-can-withstand-pressure-in-uncertain-macro-scenario-compared-to-peers-analyst" target="_blank" rel="noreferrer noopener">Google Parent Alphabet&#8217;s Topline Can Withstand Pressure In Uncertain Macro Scenario Compared To Peers: Analyst</a></li>
</ul>



Image via Shutterstock

Asia

Temu Parent PDD Does Not Mention Tariffs Impact, Blames 'External Environment' And 'Ecosystem Investments' For Profit Plunge

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.



U.S. stocks settled lower on Friday, with the S&amp;P 500 recording losses for the fourth straight session. The Dow Jones index also dipped more than 250 points on Friday.



Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) fell around 3% on Friday after US President Donald Trump demanded that iPhones sold in the U.S. be manufactured domestically, threatening a 25% tariff on the company otherwise. Later, Trump also announced 50% tariffs on goods from the European Union, effective June 1, as talks between Washington and Brussels cooled.



Shares of Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) fell around 10% on Friday after the company issued second-quarter EPS guidance below estimates. Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares dropped 20% after the company reported fourth-quarter financial results.



On the economic data front, U.S. sales of new single-family homes climbed by 10.9% from the previous month to an annualized rate of 743,000 units.



Most sectors on the S&amp;P 500 closed on a negative note, with information technology, consumer discretionary and communication services stocks recording the biggest losses on Friday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 256 points to 41,603.07 on Friday. The S&amp;P 500 fell 0.67% to 5,802.82, while the Nasdaq Composite dipped 1% to 18,737.21 during Friday's session.



Investors are awaiting earnings results from HEICO Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>), AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and The Bank of Nova Scotia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNS#NYSE">BNS</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 63.7, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 65.6.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/earnings/25/05/45585696/how-to-earn-500-a-month-from-dicks-sporting-goods-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Dick&#8217;s Sporting Goods Stock Ahead Of Q1 Earnings</a> </li>
</ul>



Photo via Shutterstock

Pre-Market Outlook

AAPL

ROST

S&P 500 Dips For 4th Session Amid Trump's Tariff Threats: Investor Sentiment Declines, Fear Index Remains In 'Greed' Zone

U.S. stock futures climbed on Monday night following President Donald Trump&#8217;s decision to postpone the planned 50% tariff on the European Union until July 9.



The S&amp;P 500 Futures are up 0.94%, trading at 5,871, Nasdaq Futures trade at 21,189.75, up 1.03%, followed by Dow Futures at 42,027, up 0.85%, following the Memorial Day weekend.



This comes amid the EU&#8217;s trade commissioner, Maros Sefcovic, saying on Monday that he had &#8220;good calls&#8221; with Trump administration officials and was &#8220;fully committed&#8221; to reaching a trade deal by the extended deadline of 9 July, according <a href="https://apnews.com/article/europe-united-states-trade-tariff-deadline-79d65de51e5c935ff7cce1fcfd8fb755">to</a> an Associated Press report.



Sefcovic&#8217;s remarks follow the latest escalation in the trade war, with Trump <a href="https://benzinga.com/25/05/45604427/donald-trumps-eu-tariff-extension-will-see-profit-booking-in-gold-this-is-the-beginning-of-a-currency-war-which-will-eventually-affect-gold">threatening to impose</a> the 50% tariffs on EU imports, saying that the bloc had been &#8220;very difficult to deal with.&#8221; 



Japan&#8217;s benchmark Nikkei 225 had a volatile start on Tuesday, opening lower, but recovering and now trading largely flat, down by 0.08%, or 31 points, at 37,500.39, at the time of writing this. 



Private railway services and domestic entertainment companies are on the ascent, while banks and financial institutions decline amid the nation&#8217;s <a href="https://www.benzinga.com/markets/bonds/25/05/45583866/japan-bonds-surge-sparks-wall-street-bears-warning-of-global-armageddon-calls-jgb-long-end-most-important-thing-for-investors-to-track">unfolding bond crisis</a>.



The U.S. Dollar Index (DXY) continued to decline during the Memorial Day weekend, trading at 98.805, down 0.31% on Monday, extending its losses to 5.61% over the past 12 months.



On Tuesday, investors will be closely watching the earnings results of AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) in the lead-up to the results of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) later in the week.



The markets were closed on Monday, on account of Memorial Day, a national holiday in the U.S. to honor the men and women who&#8217;ve died while serving in the military. 



Photo Courtesy: Billion Photos on Shutterstock.com



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tuesday">Trump Tariff Countermeasures: Japan To Reportedly Roll Out $6.3 Billion Emergency Fund Stimulus As Early As Tuesday</a></li>
</ul>

Trump Tariff Talks Progressing Well, Says EU Trade Commissioner — S&P 500, Nasdaq Futures Rise After Memorial Day

Leading cryptocurrencies fell Monday as trading remained tepid on the Memorial Day holiday.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.23%</td><td>$108,006.73</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.41%</td><td>$2,523.05</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.60%</td><td>$0.2203</td></tr></tbody></table></figure>



What Happened: Bitcoin surged to an intraday high of $110,376.88 in the afternoon before dropping to a low of $107,600 overnight. Ethereum recorded a similar dip in the late hours.



The two blue-chip cryptocurrencies, BTC and ETH, saw slight increases in trading volumes, at 5.47% and 3.54%, respectively.&nbsp;



About $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $136 million in bullish bets getting wiped out.



Bitcoin&#8217;s Open Interest was largely unchanged in the last 24 hours. Over the week, though, the money locked in derivatives has risen nearly 6%.



About 58% of top trader accounts on Binance with open BTC positions were short as of this writing.



The &#8220;Greed&#8221; sentiment prevailed in the market, as indicated by the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Quant (QNT)</td><td>+8.68%</td><td>$103.62</td></tr><tr><td>Jupiter (JUP)</td><td>+7.30%</td><td>$0.6044</td></tr><tr><td>Four (FORM)</td><td>+4.87%</td><td>$3.01</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.42 trillion, following a dip of 0.72% in the last 24 hours.



Stock futures continued in the green Monday overnight. The Dow Jones Industrial Average Futures rose 360 points, or 0.86%, as of 9:20 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 spiked 0.94%, while Nasdaq 100 Futures gained 1.04%.



The New York Stock Exchange and the Nasdaq were closed in observance of Memorial Day. Regular trading will resume on Tuesday.



Stocks ended nearly flat on Thursday. The Dow Jones Industrial Average lost 1.35 points to end at 41,859.09. The S&amp;P 500 dipped 0.04% to close at 5,842.01, while the tech-focused Nasdaq Composite closed 0.28% higher at 18,925.73.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Blockchain analytics firm CryptoQuant highlighted the "deep conviction" of long-term Bitcoin holders.



"While overleveraged short-term traders were flushed out as Bitcoin's price dropped below $111,000 and $109,000, long-term holders have been quietly capitalizing on the reset," CryptoQuant said. "It's clear that long-term investors are using this period of forced selling to increase their exposure."



<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">Late Longs Wiped Out — Long-Term Holders Seize the Opportunity to Accumulate Bitcoin "Overleveraged short-term traders were flushed out… LTHs have been quietly capitalizing on the reset. With the LTH realized cap now surpassing $28B." – By Amr Taha <a href="https://t.co/4NmLvs1AjL">pic.twitter.com/4NmLvs1AjL</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1926988095544504626?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptocurrency analyst and trader Michaël van de Poppe said ETH falling below $2,400 will provide a "tremendous" opportunity.



"Ethereum rallied from $1,800 to $2,700 in a few days. If there&#8217;s a 10-20% correction, pretty normal, great opportunity to get yourself positioned into it," Van De Poppe opined.



<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">Similarly, I think it&#39;s vital that, if <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> drops beneath $2,400, that will give a tremendous opportunity. Ethereum rallied from $1,800 to $2,700 in a few days. If there&#39;s a 10-20% correction, pretty normal, great opportunity to get yourself positioned into it. <a href="https://t.co/e1bY3iYfxh">pic.twitter.com/e1bY3iYfxh</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1927088096354468031?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Igor Faun On Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608107/bitcoin-breaks-out-golden-cross-confirmed-strategy-fuels-fire-with-427-million-buy">Bitcoin Breaks Out: Golden Cross Confirmed, Strategy Fuels Fire With $427 Million Buy</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Encounter Memorial Day Dip: 'Tremendous' Opportunity In ETH Falling Below $2,400, Says Analyst

From Kendrick Lamar's domination to Janet Jackson's long-awaited return, here's your guide to the biggest night in fan-voted music.



When And Where To Watch: The 2025 American Music Awards air live on Monday, May 26 at 8 p.m. ET / 5 p.m. PT <a href="https://www.cbsnews.com/news/american-music-awards-winners-2025-list/">on</a> CBS. Streaming is available exclusively on Paramount Global's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) Paramount+ with Showtime.



Note: Essential-tier subscribers won't be able to stream live, but can watch it on demand the next day in the U.S.



What To Expect This Year: Hosted by Jennifer Lopez, the show will broadcast live from Las Vegas and include a Memorial Day tribute honoring U.S. troops.



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.



This year's must-see moment? Jackson will perform live for the first time in seven years as she accepts the Icon Award. Meanwhile, Rod Stewart will receive the Lifetime Achievement Award.



Who's Nominated



<ul class="wp-block-list">
<li>Lamar leads the pack with 10 nominations.</li>



<li>Post Malone follows with eight.</li>



<li>Billie Eilish, Chappell Roan and Shaboozey earned seven each.</li>



<li>Taylor Swift, SZA, Bruno Mars, Lady Gaga, Morgan Wallen and Sabrina Carpenter all landed six.</li>



<li>Rising stars Hozier, Zach Bryan and Benson Boone each picked up five.</li>
</ul>



Nominees are determined using data from Billboard and Luminate, including sales, streaming, radio airplay and touring performance.



Benzinga Edge Stock Rankings assigns Paramount a growth score of 22.66%, indicating strong market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other stocks</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26212348/Screenshot-2025-05-27-at-6.53.27%E2%80%AFAM.png" alt="" class="wp-image-927610"/></a></figure>



Photo Courtesy: Misrawi Muhammad on Shutterstock.com



Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



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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.

Entertainment

PARA

PARAA

2025 American Music Awards: Kendrick Lamar Leads Nominations, Janet Jackson Returns To Stage After 7 Years — How to Watch

While U.S. markets remained closed Monday for Memorial Day, European equities surged after President Donald Trump agreed to delay a planned 50% tariff on European Union imports, easing investor concerns <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">and reviving risk appetite.</a>



In a Sunday phone call with European Commission President Ursula von der Leyen, Trump confirmed that the tariffs, which had been slated to take effect on June 1, will be pushed back to July. The decision opens a window for further negotiations aimed at avoiding a disruptive escalation in transatlantic trade tensions.



The Eurozone's STOXX 50 index, mirrored by the iShares MSCI Eurozone ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EZU#NYSE">EZU</a>), climbed 1.3% to close at 5,397. The broader STOXX 600 added 1% to finish at 550, with German autos leading the advance.



Shares of Germany's leading carmakers—Volkswagen AG (OTCPK: VWAGY), BMW AG (OTCPK: BMWYY), and Mercedes-Benz AG (OTCPK: MBGYY)—each rallied around 2%, clawing back losses from Friday's session. These companies are among the most exposed to potential U.S. tariffs, and their gains reflect growing optimism that a negotiated outcome may be reached.



The U.S. dollar remained under pressure as the euro extended its recent gains, nearing $1.14—its highest level in a month as currency markets appear to be pricing in a more stable outlook for the EU economy if the tariff threat is ultimately defused.



Gold prices slipped modestly in thin holiday trading, with bullion down 0.6% to $3,336 per ounce as the temporary U.S.-EU trade truce reduced safe-haven demand. 



Meanwhile, sentiment in crypto markets remains upbeat. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1% to trade above $110,000, hovering near its all-time highs as digital asset demand continues to run hot.



<h3 class="wp-block-heading">Monday&#8217;s Market Snapshot</h3>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Market</th><th>Price</th><th>% Chg</th></tr></thead><tbody><tr><td>STOXX 600</td><td>550.50</td><td>+0.99%</td></tr><tr><td>STOXX 50</td><td>5,365.00</td><td>+0.73%</td></tr><tr><td>CAC 40</td><td>7,822.60</td><td>+1.12%</td></tr><tr><td>DAX</td><td>24,030.00</td><td>+1.48%</td></tr><tr><td>FTSE MIB</td><td>39,938.75</td><td>+1.13%</td></tr><tr><td>EUR/USD</td><td>1.1378</td><td>+0.10%</td></tr><tr><td>Gold</td><td>$3,333/oz</td><td>–0.60%</td></tr><tr><td>Bitcoin</td><td>$110,190</td><td>+0.90%</td></tr></tbody></table></figure>



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<li><a href="https://www.benzinga.com/trading-ideas/25/05/45594018/3-defense-stocks-that-will-shine-under-trumps-golden-dome">3 Defense Stocks That Will Shine Under Trump&#8217;s Golden Dome</a></li>
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Image: Shutterstock/Giulio Benzin

Eurozone

BMWYY

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VWAGY

European Stocks Rally After Trump's 50% Tariff Delay, Dollar Hits 1-Month Low: What's Driving Markets Monday?

President Donald Trump's <a href="https://www.benzinga.com/general/space/25/05/45532125/l3harris-stock-moves-higher-after-being-named-in-golden-dome-missile-defense-system">May 21 announcement</a> of the Golden Dome, an ambitious missile-defense shield set to cost at least $175 billion, opened eyes in Washington, D.C.



It should open some eyes on Wall Street, too.



The proposed defense system is expected to usher in a new era of military defense tools that operate in space, primarily to defend against long-range missile attacks.  Modeled after Israel's "Iron Dome" multi-layered air defense system, the Golden Dome will likely include space-based interceptors, advanced radar technology, and early warning and satellite trackers that team up to thwart missile attacks against the U.S., according to a recent RBC Securities research note.



It&#8217;s already making investors pivot to defense contractors, and especially to smaller, more technologically nimble ones.



"I promised the American people that I would build a cutting-edge missile-defense shield to protect our homeland from the threat of foreign missile attack, and that's what we're doing," Trump stated in a May 21 Oval Office announcement, citing President Ronald Reagan's Star Wars space defense project from the 1980's. "Once constructed, the Golden Dome will be capable of intercepting missiles, even if they launched from the other side of the world and space."



Defense industry companies are already on board, with Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) calling the Golden Dome a "Manhattan Project-scale mission, one that's both urgent and crucial to America's security" in a statement.



Foreign governments have also weighed in, with China's Foreign Ministry accusing the U.S. of threatening "global strategic balance and stability" and Canadian Prime Minister Mark Carney saying his country is conducting "high-level" discussions about Canada's participation in the project.



Meanwhile, stock market analysts are also taking a keen interest in the Golden Dome, with some signaling a pivot away from the major defense industry manufacturers and toward more technology-driven spaces and defense companies that would likely play a significant role in the Dome's development.



"There's a strong likelihood we'll see a shift away from traditional Primes like Boeing, Lockheed Martin and RTX toward a new wave of &#8216;New Space&#8217; and &#8216;New Defense&#8217; companies—most of which are still private. These include SpaceX, Stoke Space, Zeno Power, Anduril, Firefly, Xona, Lunar Outpost, Impulse Space, Gravitics, and many others that are building fast and innovating aggressively," said Viktor Shpakovsky, general partner at Beyond Earth Ventures.



"On the public markets, the truly &#8216;new space&#8217; options are still limited. Rocket Lab, Planet Labs, Intuitive Machines, Maxar, and a few others stand out, but it's a short list," he added.



Other market experts call for a public-private enterprise to spearhead the Golden Dome project, which Trump has said needs to be up and running by the time he leaves office.



"With private sector players already building real-time satellite constellations and hypersonic defense systems becoming a necessity due to geopolitical tensions (e.g., China, Russia), the concept isn't just viable — it's strategically necessary," said Md Tanjib, an analyst at Forex Prop Firms, a trading analysis and review platform. "The key difference now is that commercial tech and public-private partnerships are far more advanced, making implementation more plausible than it would've been decades ago."



With the development and timeline for the Golden Dome up in the air, here are the space and defense companies that should benefit from the $175 billion pouring into the project. $25 billion in initial funding is included in the GOP's "Big, Beautiful Tax Bill," which still has to clear the Senate as of writing.



<h2 class="wp-block-heading">L3Harris Technologies</h2>



RBC Securities analyst Ken Herbert cited L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>), which is already up 5.5% on the Golden Dome news. The company got a shout-out from Sen. Jim Banks (R-Ind.), who attended the White House rollout. Given its deep ties to the high-altitude ballistic tracking sector, this seems to be a direct sign that LHX will contribute to the project.



Analysts feel the same, with Goldman Sachs' Noah Poponak holding his buy rating on LHX.



"LHX continues to see opportunity for margin expansion and free cash flow growth," said Poponak. "It also remains focused on cost and productivity improvement programs."



Given its record of stacking missile defense tracking systems contracts, expect LHX to be front and center on the Golden Dome.



<h2 class="wp-block-heading">Lockheed-Martin</h2>



Like LHX, the Bethesda, Md.-based aerospace giant Lockheed-Martin was called out by name at the White House Golden Dome event, according to a Truist research note, which should be a green light for opportunistic investors.



"LMT already plays a central role in space-based defense (e.g., missile detection and interception systems)," Tanjib said. "It's likely to be a front-runner in any government contracts related to space defense infrastructure."



The company is reportedly already lined up for a chunk of the initial $25 billion in the new GOP tax bill, which should include big paydays for missile defense specialists like LMT.



<h2 class="wp-block-heading">RTX</h2>



Formerly &#8220;Raytheon,&#8221; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) specializes in radar technology, which should support the satellite shield that will serve as the Golden Dome's missile tracking centerpiece.



The Arlington, Va.-based aerospace and defense company outperformed in the first quarter of 2025, with sales and earnings running ahead of analyst expectations. Benchmark analyst Josh Sullivan upped his stance on RTX from a hold to a buy, with a $140 price target (it's trading at $132 per share as of May 23). In a new research note, he also called RTX a "peace through strength" stock. Cowen went a step further this week, moving its RTX target price from $142 to $155.



The company is also ideally situated for the Golden Dome largesse, as it already has deep relationships with government defense agencies, racking up billions of dollars in new contracts with the US Air Force, the Missile Defense Agency, and the US Navy. Add to the mix a healthy 2.05% dividend payout, and it's easy to see why analysts are so bullish on RTX shares.



<h2 class="wp-block-heading">Leaderboards That Reveals Tomorrow's Top Stocks — 60% Off</h2>



Updated daily, Benzinga Top Stock Leaderboards reveal our best buys right now. Cut through the noise and spot breakout opportunities &#8211; before the crowd catches on. Now 60% off for Memorial Day.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

3 Defense Stocks That Will Shine Under Trump's Golden Dome

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is back in the headlines, this time flashing a textbook Golden Cross — a bullish technical pattern that has historically preceded massive rallies in <a href="https://www.benzinga.com/crypto">the crypto's price.</a>



<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=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM.png" alt="" class="wp-image-927503" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>



Read Also:<a href="https://www.benzinga.com/25/05/45519909/bitcoin-vs-ethereum-try-btc-eth-why-smart-money-bets-on-both"> Bitcoin Vs. Ethereum? Try BTC + ETH &#8211; Why Smart Money Bets On Both</a>



<h2 class="wp-block-heading">Golden Cross Sparks Momentum Shift</h2>



The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a shift in long-term momentum. It signals the onset of a bullish run. 



With BTC already smashing through $112,000 and comfortably above its key short-term moving averages, traders are reading this as a green light for more gains.



The chart doesn't lie. Bitcoin's eight-day, 20-day and 50-day simple moving averages all sit below the current price, reinforcing bullish momentum. The MACD (moving average convergence/divergence) indicator flashes a hefty +3,824 and the RSI (relative strength index) hovers at 67.83 — hot, but not overheated.



<h2 class="wp-block-heading">Strategy Doubles Down With $427M Bitcoin Buy</h2>



This move comes on the heels of fresh firepower from Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the corporate titan with the world's largest Bitcoin treasury. The company just <a href="https://www.strategy.com/press/strategy-acquires-4020-btc-now-holds-580250-btc_05-26-2025">scooped</a> up 4,020 BTC for $427 million, pushing its total haul to a staggering 580,250 coins. 



Its average buy-in? A cool $69,979.



That latest buy was funded through at-the-market offerings, part of Strategy's long-running bet that Bitcoin isn't just a digital currency — it's the future of money. 



With the crypto now sitting nearly 60% higher over the past year and 17% up year to date, that bet is looking pretty savvy.



And while the road to Bitcoin's next all-time high might come with some bumps — the occasional dip, the regulatory tremor — the technical picture suggests bulls are once again in the driver's seat.



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Image: Shutterstock/Frame Stock Footage

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Bitcoin Breaks Out: Golden Cross Confirmed, Strategy Fuels Fire With $427 Million Buy

Mark Cuban doesn't hold back when it comes to Elon Musk. He's publicly mocked him and clowned on him in interviews. On the <a href="https://youtu.be/ueUL873205k?si=MSxABu3KiY22-hR3">"Club Shay Shay" podcast</a>, he even admitted he enjoys <a href="https://www.benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-for-his-startups">riling the guy up</a> because Musk has "really thin skin and it just makes it easy."



So, it's not exactly what you'd expect when Cuban casually drops that he still owns a Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).



"I haven't sold it yet," he said on the <a href="https://youtu.be/4NqzkITV9-I?si=zVUIawYIciQBTVBc">"Your Mom's House" podcast</a> in March. But that's about as much love as he's giving the car—or Musk—these days.



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Because when Cuban was asked a straightforward question—what's your favorite car?—he didn't name-drop a Ferrari or some futuristic prototype. He answered the way a dad trying to justify his Costco membership might.



"A Kia. EV6," he said, grinning. "I like it. I'm comfortable with it." Then he added the real kicker: "It's cheap."



Cuban explained that while he still owns the Tesla, he's not exactly impressed with the design choices. "On the Tesla you've got to find [the turn signal] and push the button… while you're driving. You can't pay attention to the road as much."



The Kia, by contrast, does what it's supposed to do—without trying to reinvent the steering wheel. "It doesn't try to be too fancy," he said. "Your turn signal is like… a turn signal."



Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>



And while the EV6 doesn't <a href="https://www.benzinga.com/25/05/45553078/mark-cuban-says-you-dont-need-to-have-life-figured-out-by-22-he-got-fired-slept-on-the-floor-partied-like-a-rockstar-and-still-became-rich">exactly scream "billionaire status,"</a> Cuban doesn't care. His 15-year-old son, however, does. When Cuban pitched the Kia as a possible hand-me-down for driving practice, his son's response was blunt: "It's not cool, Dad." Worse? He called it a "nerd car."



"Exactly," Cuban responded, proudly accepting the title.



Still, the EV6 isn't some dinky eco-mobile. The <a href="https://www.caranddriver.com/kia/ev6">2025 model boasts</a> up to 319 miles of range, ultra-fast charging, and enough horsepower to smoke some luxury crossovers at a stoplight. It's even won awards, including World Performance Car of the Year. Not bad for a "nerd car."



As for fancier rides, Cuban's been there, done that. Lamborghini, Porsche, Ferrari—even a Hummer. But they were too loud, too annoying, or just too thirsty for gas. He caved and bought the same Lamborghini SUV Luka Dončić had, then promptly ditched it. "I had to get gas every 17 minutes," he said. "It was just too much."



See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>



These days, it's all about simplicity. Cuban plugs the Kia in at night and goes. "It has a 300-mile range. The stereo system is good."



Maybe that's what makes Cuban different from most billionaires. He's got a backup jet but drives a car that costs less than the average Tesla. And when the guy who once bought suits just because they didn't need belts says he's happy with a basic turn signal, you kind of have to believe him.



So yes, Mark Cuban <a href="https://www.benzinga.com/general/social-media/25/03/44211144/mark-cuban-reveals-the-thing-he-respects-most-about-elon-musk-what-hes-been-able-to-accomplish-is-insane-its-incredible">still owns a Tesla</a>. But if you see him on the road, odds are he's behind the wheel of a Kia—with zero shame and a full charge.&nbsp;



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Mark Cuban Calls Elon Musk 'Thin Skinned' But Still Owns a Tesla — Says He'd Rather Drive His Electric Kia Because 'It Doesn't Try To Be Too Fancy'

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