Short interest for Sportradar Gr gives investors a sense of the degree to which investors are betting on the decline of Sportradar Gr's stock. Short interest data is updated every two weeks.

Sportradar Gr Stock (NASDAQ:SRAD), Short Interest Report

Sportradar Gr

Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.

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Shares of  Lifecore Biomedical, Inc.  (NASDAQ: LFCR) fell sharply during Wednesday’s session after the company announced it concluded its strategic evaluation process, announced management succession and board changes.

Lifecore Biomedical shares dipped 31.7% to $4.91 on Wednesday.

Why Lifecore Biomedical Shares Are Trading Lower By Around 32%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

ALIT

CLSK

CVNA

DRCT

IBRX

LIVN

LVWR

MODG

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Wednesday.

Sportradar Group Posts Upbeat Earnings, Joins Kingsoft Cloud, Braskem And Other Big Stocks Moving Higher On Wednesday

Sportradar Group AG (NASDAQ: SRAD) shares are trading lower on Wednesday. The company announced a new organizational structure, reaffirmed full-year 2023 and full-year 2024 guidance and reported that its CFO will resign.

Why Sportradar Stock Tanked On Wednesday

Sportradar Group AG - Class A Ordinary Shares

Sportradar Group AG

The United States and China are set to meet in Geneva to discuss the potential risks of advanced artificial intelligence. The U.S. officials have made it clear that their policies will not be open for negotiation during the talks.
What Happened: The U.S. and China are scheduled to hold discussions in Geneva on Tuesday, focusing on the risks associated with advanced AI, Reuters reported. The talks will explore ways to mitigate the potential dangers of this emerging technology.
The Biden administration has been actively seeking to engage China on various issues to minimize misunderstandings between the two countries. The talks on AI were initiated following a discussion between U.S. Secretary of State Antony Blinken and China&#8217;s Foreign Minister Wang Yi in April.
&#8220;This is the first meeting of its kind. So, we expect to have a discussion of the full range of risks, but wouldn&#8217;t prejudge any specifics at this point,&#8221; a senior administration official said, according to the report.
&#8220;We certainly don&#8217;t see eye to eye &#8230; on many AI topics and applications, but we believe that communication on critical AI risks can make the world safer,&#8221; the second official added.
The U.S. State Department has been urging China and Russia to align with U.S. declarations, emphasizing that only humans, and not AI, should be responsible for decisions regarding the deployment of nuclear weapons.
See Also: <a href="https://www.benzinga.com/news/24/05/38759439/tsmcs-record-sales-surge-whats-behind-the-sudden-spike?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">TSMC&#8217;s Record Sales Surge: What&#8217;s Behind the Sudden Spike?</a>
Despite the talks, the U.S. has made it clear that its technology protection policies are not up for negotiation. The discussions will provide an opportunity for the U.S. to directly communicate its concerns about China&#8217;s rapid deployment of AI capabilities across civilian, military, and national security sectors.
Tarun Chhabra from the U.S. National Security Council and Seth Center, acting as the State Department&#8217;s special envoy for critical and emerging technology, will spearhead discussions with representatives from China&#8217;s Foreign Ministry and the National Development and Reform Commission, the state planner.
Why It Matters: The U.S. has been taking several measures to safeguard its AI technology from China. The Biden administration is reportedly <a href="https://www.benzinga.com/news/24/05/38699497/us-mulls-over-regulations-to-restrict-chinas-access-to-advanced-ai-software-behind-apps-like-chatgpt">considering new regulations</a> to limit China&#8217;s access to advanced AI models, such as those used in ChatGPT. 
Despite the U.S. efforts to restrict the export of AI models and chips to China, Chinese entities have managed to acquire high-end Nvidia chips through <a href="https://www.benzinga.com/markets/asia/24/04/38369354/nvidias-high-end-chips-ended-up-in-chinese-hands-despite-us-ban-heres-how-beijing-scored-them">third-party vendors</a>, despite the U.S. imposing a ban on such technology. This has raised concerns about the potential exploitation of U.S. AI models for aggressive cyber attacks or the creation of potent biological weapons by U.S. adversaries.
Former Google CEO Eric Schmidt has also <a href="https://www.benzinga.com/news/24/05/38700600/former-google-ceo-eric-schmidt-says-us-is-ahead-of-china-in-ai-by-2-3-years-we-should-be-very-proud">expressed his belief</a> that the U.S. is significantly ahead of China in AI. Schmidt stated that the U.S. is &#8220;way ahead of China&#8221; in AI, which he considers an &#8220;eternity&#8221; in the field of AI.
Read Next: <a href="https://www.benzinga.com/news/24/05/38720217/wedbush-analyst-dan-ives-says-the-world-is-in-early-stages-of-a-fourth-industrial-revolution-and-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wedbush Analyst Dan Ives Says The World Is In &#8216;Early Stages Of A Fourth Industrial Revolution&#8217; And It Is Led By Nvidia CEO Jensen Huang As &#8216;Godfather Of AI&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Politics

Global

Tech

US, China To Discuss AI Risks In Geneva: Will Washington's Policies Be Up For Negotiation?

― Sanofi receives exclusive rights to commercialize losmapimod in all territories outside the U.S.; Fulcrum retains full U.S. commercialization rights ―

Biotech

Large Cap

Health Care

Contracts

General

FULC

Fulcrum Therapeutics Announces License Agreement With Sanofi For Losmapimod in Facioscapulohumeral Muscular Dystrophy, Fulcrum Will Receive An Upfront Payment Of $80M And Is Eligible To Receive $975M In Potential Milestones

Earnings

Earnings Misses

HUYA

HUYA Q1 2024 Adj EPADS $0.05, Sales $208.308M Vs $283.83 YoY

SoftBank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) has reported a quarterly net profit of $1.5 billion, driven by the soaring valuation of Arm Holdings, as it continues to amass funds for its artificial intelligence expansion.
What Happened: The Japanese conglomerate&#8217;s profits for the quarter ending in March exceeded analysts&#8217; expectations of JP¥23.3 billion ($149.5 million approx), <a href="https://www.ft.com/content/ad3df0f1-770b-400c-8322-82ee138c071b">according</a> to Financial Times.
Despite this, SoftBank&#8217;s full-year net loss amounted to JP¥227.6 billion ($1.46 billion), with the group&#8217;s tech-heavy Vision Funds recording a quarterly investment loss of JP¥57.5 billion ($368 million).
However, investors and analysts remain optimistic about SoftBank&#8217;s AI strategy, centered around UK chip designer Arm. This optimism is fueled by the company&#8217;s recent quarterly profit and ongoing efforts to build a war chest for its AI push.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38776144/jpmorgan-reports-760k-spot-bitcoin-etf-holdings-even-as-ceo-jamie-dimon-called-for-shuttin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan Reports $760K Spot Bitcoin ETF Holdings Even As CEO Jamie Dimon Called For Shutting Down Crypto</a>
Notably, this is the first time SoftBank has posted an annual profit since the fiscal year ending March 2021, when the COVID-19 pandemic significantly boosted the tech stock market.
Why It Matters: This quarterly profit comes on the heels of SoftBank&#8217;s strategic shift from venture capital to <a href="https://www.benzinga.com/m-a/24/05/38764729/softbanks-billion-dollar-bet-switching-from-startups-to-semiconductors-ai">investments in semiconductors and AI</a>. The company&#8217;s flagship Vision Fund has been divesting or marking down billions of dollars in publicly listed holdings since the end of 2021.
SoftBank has also been making significant investments in AI, including a <a href="https://www.benzinga.com/markets/asia/24/04/38373343/nvidia-chips-to-power-softbanks-near-1b-ai-investment-report">$960 million investment</a> in the development of an advanced AI model, powered by NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips. 
This move aligns with SoftBank&#8217;s broader strategy to establish itself as a major player in the AI market, as evidenced by founder Masayoshi Son&#8216;s <a href="https://www.benzinga.com/news/24/02/37191809/race-for-ai-chipmaking-after-sam-altman-softbanks-masayoshi-son-seeks-100b-to-bankroll-chip-venture">plan to raise $100 billion</a> for a new chip venture targeting the AI market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Asia

Equities

NVDA

SFTBY

Masayoshi Son's Softbank Beats Analyst Expectations: Record Staggering $1.5B Quarterly Profit, Bolstered By Arm's Valuation And AI

Redburn Atlantic analyst Russell Quelch upgrades MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) from Sell to Neutral and announces $485 price target.

Upgrades

Price Target

Analyst Ratings

MSCI

Redburn Atlantic Upgrades MSCI to Neutral, Announces $485 Price Target

Needham analyst Alex Henderson reiterates Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Hold.

Reiteration

QLYS

Needham Reiterates Hold on Qualys

Needham analyst Alex Henderson reiterates Telos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) with a Hold.

Needham Reiterates Hold on Telos

HC Wainwright &amp; Co. analyst Vernon Bernardino reiterates Novavax (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) with a Buy and maintains $19 price target.

NVAX

HC Wainwright & Co. Reiterates Buy on Novavax, Maintains $19 Price Target

WTW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>), a leading global advisory, broking and solutions company today announced a partnership with Ukrainian insurer, VUSO, to provide a London market backed facility covering cargo and, crucially, war-on-land risks. 
&nbsp;
This market first, an exclusive facility which provides prearranged war insurance capacity, offers much needed certainty to Ukrainian and foreign enterprises alike, who are moving goods and products overland within the borders of Ukraine.
WTW&#39;s partnership with VUSO is a development that directly addresses the complex challenges faced by local insurer partners. A year in the making, the London Market facility is led by Lloyd&#39;s syndicate Markel.
The facility is operational immediately and can be accessed via VUSO or WTW Ukraine.
Sam Warnes, Director Marine Cargo commented, &quot;This facility complements our other cargo war offerings such as our Black Sea Grain facility and&nbsp;$300m&nbsp;facility offering cover in the Red Sea and other high risk war areas.&quot;
Vyacheslav Andriyko, Head of WTW Ukraine said, &quot;We are delighted to offer the first insurance solution for war risks within the borders of Ukraine to provide peace of mind to domestic companies, along with certainty for international companies who are offering their support and assistance in Ukraine&#39;s rebuilding efforts.&quot;
Andrii Artiukhov, CEO at VUSO said, &quot;VUSO offers a wide range of insurance products designed specifically to address the unique needs of businesses in providing protection against unforeseen situations, including war risks. This program will allow us to expand the range of offers for our corporate clients to protect their cargo from war risks.&quot;

WTW Partners with Ukrainian Insurer VUSO to Launch War Risk Insurance for Cargo

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Genenta Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTA#NASDAQ">GNTA</a>) with a Buy and maintains $25 price target.

GNTA

HC Wainwright & Co. Reiterates Buy on Genenta Science, Maintains $25 Price Target

HC Wainwright &amp; Co. analyst Heiko Ihle maintains McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) with a Buy and raises the price target from $13 to $15.

HC Wainwright & Co. Maintains Buy on McEwen Mining, Raises Price Target to $15

HC Wainwright &amp; Co. analyst Yi Chen reiterates Veru (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) with a Buy and maintains $3 price target.

VERU

HC Wainwright & Co. Reiterates Buy on Veru, Maintains $3 Price Target

Shares of JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) rose sharply in today's pre-market trading after the company announced plans to <a href="https://www.benzinga.com/quote/JAN/news">acquire ALT 5 Sigma Inc</a>.
The deal is projected to close in the week of May 13th.
JanOne shares jumped 18.6% to $4.78 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) gained 74.7% to $1.72 in pre-market trading after the company announced up to $50 million in financing to further advance operational objectives.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 31.3% to $0.1928 in pre-market trading. Nauticus Robotics is expected to release its first quarter financial and operating results after the closing bell on May 13.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares gained 16.7% to $20.40 in pre-market trading following a 3% decline on Friday.</li>
<li>KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) rose 15.4% to $3.69 in today's pre-market trading after declining around 10% on Friday. Koss posted a wider quarterly loss last week.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 15% to $2.61 in pre-market trading. Cyclacel Pharmaceuticals is expected to announce first quarter 2024 financial results on Tuesday, May 14.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) shares gained 10.7% to $0.48 in pre-market trading after gaining 3% on Friday.</li>
<li>WaveDancer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares rose 9.2% to $3.34 in pre-market trading.</li>
<li>Novavax Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 8.2% to $9.61 in pre-market trading. Novavax shares jumpd 99% on Friday after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares rose 7.1% to $13.88 in pre-market trading. Groupon shares jumped around 24% on Friday after the company reported better-than-expected first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares dipped 33% to $0.1949 in pre-market trading after declining 7% on Friday. Barnes &amp; Noble Education, during April, announced a short-term shareholder rights plan and a new equity investment.</li>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) shares fell 23.6% to $7.12 pre-market trading after the company reported a loss for the first quarter.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) dipped 23.6% to $2.68 in pre-market trading after posting weak second-quarter results.</li>
<li>Caravelle International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares fell 20.8% to $0.57 in pre-market trading after declining around 4% on Friday.</li>
<li>Portage Biotech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares declined 20.7% to $0.20 in pre-market trading after falling 10% on Friday. The company, last month, announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Aethlon Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEMD#NASDAQ">AEMD</a>) shares fell 18.6% to $0.96 in pre-market trading. Aethlon Medical, on Friday, announced results from an in vitro binding study of its Hemopurifier in removing extracellular vesicles from plasma.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares dipped 16.2% to $1.60 in pre-market trading. Antelope Enterprise, last week, announced second half and full year 2023 financial results.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares declined 12.7% to $0.3110 in pre-market trading after gaining around 10% on Friday.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) shares fell 12.3% to $0.6011 in pre-market trading after jumping around 58% on Friday.</li>
<li>Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) shares fell 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38781676/fear-greed-index-in-neutral-zone-dow-records-gains-for-8th-session">Fear &amp; Greed Index In &#8216;Neutral&#8217; Zone; Dow Records Gains For 8th Session</a>

Pre-Market Outlook

AEHL

AEMD

APDN

BNED

CACO

CYCC

GRPN

IONM

KITT

KOSS

PRTG

TVGN

WAVD

Why JanOne Shares Are Trading Higher By 19%; Here Are 20 Stocks Moving Premarket

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Compass Pathways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) with a Buy and maintains $120 price target.

CMPS

HC Wainwright & Co. Reiterates Buy on Compass Pathways, Maintains $120 Price Target

Russia has issued a warning to the West, indicating its readiness for a potential military confrontation in Ukraine.
What Happened: Acting Russian Foreign Minister Sergei Lavrov stated that Russia is prepared for a battlefield conflict in Ukraine if the West desires, as <a href="https://www.theguardian.com/world/live/2024/may/13/russia-ukraine-war-live-latest-updates-sergei-shoigu-vladimir-putin-kharkiv">reported</a> by The Guardian on Monday. This statement comes amid reports of Russian forces attacking the border of Ukraine&#8217;s Kharkiv region.
If the West wants to fight for Ukraine on the battlefield, Russia is prepared for it, Lavrov was quoted as saying by the state-run RIA news agency.
&#8220;It&#8217;s their right &#8211; if they want it to be on the battlefield, it will be on the battlefield.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38753402/biden-vs-trump-key-swing-state-voters-give-big-lead-to-one-candidate-despite-ranking-him-down-on-cri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump: Key Swing State Voters Give Big Lead To One Candidate, Despite Ranking Him Down On Critical Election Issues</a>
The governor of the Kharkiv region, Oleh Syniehubov, revealed that Russian forces are attempting to expand the front line by launching attacks in small groups in new directions. While Ukrainian forces have managed to hold back the Russian troops, there is a genuine concern that the conflict could spread to new settlements.
Why It Matters: This recent development adds to the escalating tensions between Russia and the West. Earlier, Russian President Vladimir Putin had <a href="https://www.benzinga.com/news/24/05/38724724/russian-president-warns-of-global-conflict-during-world-war-2-victory-day-celebrations-but-says-will">warned of a potential global conflict</a> during the World War 2 Victory Day celebrations. 
He accused Western powers of instigating conflicts worldwide and emphasized Russia&#8217;s determination to prevent a global clash.
These warnings come in the wake of Russia&#8217;s <a href="https://www.benzinga.com/news/24/05/38607615/russian-troops-enter-us-military-base-in-niger-amid-rising-tensions">military advances in Ukraine</a> and other provocative actions, such as the <a href="https://www.benzinga.com/news/24/05/38660078/russian-court-orders-arrest-of-us-soldier-on-theft-charges-report">arrest of a U.S. soldier</a> on theft charges. 
The situation is further complicated by Russia&#8217;s <a href="https://www.benzinga.com/news/24/05/38752143/xi-jinping-ends-up-skipping-visit-to-china-embassy-in-serbia-despite-pledge-to-never-forget-its-nato">strained relations with the West</a>, as evidenced by Chinese President Xi Jinping&#8216;s recent visit to Serbia, where he <a href="https://www.benzinga.com/news/24/05/38752143/xi-jinping-ends-up-skipping-visit-to-china-embassy-in-serbia-despite-pledge-to-never-forget-its-nato">avoided the site of the former Chinese embassy</a> bombed by NATO forces.
Read Next: <a href="https://www.benzinga.com/news/24/05/38779447/biden-vs-trump-matchup-in-this-traditionally-red-state-shows-republican-partys-lead-could-shrink-due">Biden Vs. Trump Matchup In This Traditionally Red State Shows Republican Party&#8217;s Lead Could Shrink Due To This Factor</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Russia Prepared For Confrontation With West Over Ukraine, Says Lavrov: 'If They Want It To Be On The Battlefield, It Will Be On The Battlefield'

Needham analyst Mike Cikos reiterates DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>) with a Hold.

DOCN

Needham Reiterates Hold on DigitalOcean Holdings

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintains IN8bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INAB#NASDAQ">INAB</a>) with a Buy and lowers the price target from $14 to $12.5.

INAB

HC Wainwright & Co. Maintains Buy on IN8bio, Lowers Price Target to $12.5

This story was first published on the <a href="https://in.benzinga.com/content/38782803/apples-iphone-exports-from-india-nearly-double-sights-set-at-1-lakh-cr-for-fy25">Benzinga India portal.</a>
Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) has reported a remarkable surge in its <a href="https://www.benzinga.com/money/best-place-to-sell-iphone/">iPhone</a> exports from India, with the figures for April nearly doubling to $1.1 billion, up from $580 million in the previous year.
As reported by The Economic Times, this robust start has stimulated predictions that Apple&#39;s exports could surpass the $13&nbsp;billion mark, solidifying India&#39;s&nbsp;place as&nbsp;its&nbsp;second-largest iPhone manufacturing hub after China. Presently, approximately 14%-15% of Apple&rsquo;s total iPhone production occurs in India, with projections to reach 26% by 2026.
In FY2024, Apple&#39;s total production in India reached $14 billion, with exports making up over $10 billion. This represents the highest annual export value by any company in India.
See Also:<a href="https://in.benzinga.com/content/38781666/airtel-google-cloud-join-forces-to-accelerate-cloud-adoption-and-ai-in-india">&nbsp;Airtel, Google Cloud Join Forces To Accelerate Cloud Adoption And AI In India</a>
Apple operates through its contract manufacturers Foxconn, Wistron, and Pegatron, all of which benefit from India&#39;s production-linked incentive (PLI) scheme. Foxconn is leading the way in exports, managing more than 70% of the shipments. Wistron, now owned by Tata Group, and Pegatron, currently in discussions for a majority stake sale to Tata, also contribute significantly.
April&#39;s surge indicates that Apple might surpass the fourth-year targets of the PLI scheme. While Apple and a few other companies, such as Samsung and Dixon Technologies, consistently meet PLI targets, many beneficiaries grapple with achieving their set goals. Meanwhile, Apple&rsquo;s market presence in India is steadily increasing, with a 38% YoY growth and aspirations to elevate its local market share into double digits from around 7% in FY24.
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