ACRES Commercial Realty Stock (NYSE: ACR)

ACRES Commercial Realty

ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on originating, holding and managing commercial real estate (CRE) mortgage loans and equity investments in commercial real estate properties through direct ownership and joint ventures. The company invests in commercial real-estate-related assets, including whole loans, A notes, B notes, mezzanine loans, and mortgage-related securities, as well as commercial finance assets, which include other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralize debt obligations, and private equity investments mainly issued by financial institutions.

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ACRES Commercial Realty Corp. 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

ACRES Commercial Realty Corp. 7.875% Series D Cumulative Redeemable Preferred Stock

For the first quarter of 2025, the Company expects revenue to be within a range of $237.5 million to $252.5 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.

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ADTN

ADTRAN Q1 2025 Outlook: Expects Revenue Of $237.5M-$252.5M Vs. $235.636M Est.. And Adj. Operating Margin Of 0%-4%

argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) reported quarterly earnings of $11.79 per share. This is a 801.79 percent increase over losses of $(1.68) per share from the same period last year. The company reported quarterly sales of $761.22 million which beat the analyst consensus estimate of $706.28 million by 7.78 percent. This is a 82.18 percent increase over sales of $417.84 million the same period last year.

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argenx Q4 2024 GAAP EPS $11.79 Up From $(1.68) YoY, Sales $761.22M Beat $706.28M Estimate

Paramount Global (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>) expects Paramount+ subscriber growth to slow in the first quarter of 2025 as the impact of major content releases and the Super Bowl fades.
What Happened: On Wednesday, during the company's fourth-quarter earnings call, Paramount reported strong momentum for its streaming platform, adding 5.6 million subscribers in the fourth quarter, marking its best quarter in two years.
The surge was largely driven by high-profile content such as Landman, Tulsa King, and Lioness, along with a major <a href="https://www.benzinga.com/general/entertainment/24/02/37085784/123m-viewers-make-super-bowl-2024-most-watched-tv-event-ever-paramount-revels-in-streaming-">viewership boost from</a> the Super Bowl.
See Also: <a href="https://www.benzinga.com/media/25/02/43996522/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-his-brand-to-the-next-level">MrBeast Lost Millions On Amazon&#8217;s &#8216;Beast Games&#8217;—Now He&#8217;s Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a>
"We expect continued subscriber growth at Paramount+, though not at the same level as Q4 given the timing of content releases," added Naveen Chopra, Paramount's CFO.
The Super Bowl provided a massive one-time boost, but Paramount+ will need its hit series lineup and international expansion to maintain momentum.
The company still expects profitability for its domestic streaming business in 2025, but the first quarter will serve as a critical test of whether Paramount+ can hold its ground without a major live event to drive signups.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Paramount Global missed Wall Street&#8217;s fourth-quarter revenue estimates on Wednesday. A decline in its cable TV unit overshadowed strong subscriber growth for Paramount+.
The company <a href="https://www.benzinga.com/quote/PARA">posted</a> $7.98 billion in revenue, falling short of the expected $8.07 billion.
During the earnings call, Paramount Global co-CEO George Cheeks confirmed that the company remains on track to finalize the Skydance merger in the first half of the year.
The Paramount-Skydance deal still requires approval from FCC Chairman Brendan Carr. He has launched a news distortion inquiry into the 60 Minutes segment, with results expected <a href="https://in.benzinga.com/markets/25/02/43579254/trump-vs-cbs-president-threatens-license-over-fraud-and-claims-of-edited-kamala-harris-interview">no sooner than late March</a>.
Price Action: At the time of writing, Paramount&#8217;s Class A shares dipped 0.85% in after-hours trading to $22.25, while Class B shares declined 2.24% to $10.97. During Wednesday's regular session, Class A closed 1.54% lower at $22.44, and Class B fell 2.43% to $11.22, per <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Paramount+ Subscriber Growth To Slow In Q1 2025—Here's Why The Super Bowl Boost Won't Carry Over

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly earnings of $0.00 per share which beat the analyst consensus estimate of $(0.03) by 103.33 percent. This is a 100.09 percent increase over losses of $(1.09) per share from the same period last year. The company reported quarterly sales of $242.85 million which beat the analyst consensus estimate of $237.95 million by 2.06 percent. This is a 7.70 percent increase over sales of $225.48 million the same period last year.

Adtran Q4 2024 Adj EPS $0.00 Beats $(0.03) Estimate, Sales $242.85M Beat $237.95M Estimate

On Thursday, Japanese <a href="https://www.benzinga.com/tech/25/01/43380849/toyota-retains-top-selling-automaker-position-while-continuing-to-trail-tesla-byd-in-ev-sales" target="_blank" rel="noopener">carmaker</a> Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) said that its production of Toyota and Lexus brand vehicles worldwide rose by about 6% in January, marking the first year-on-year increase in 12 months.
What Happened: The company&#8217;s worldwide production rose 5.6% to 781,729 units in January, on the back of a 22% jump in production within Japan which offset a 1.4% decline in production outside home ground. 
Sales of Toyota and Lexus brand vehicles rose by a meager 0.1% to 785,632 units in January on the back of a 12.5% jump in Japan spurred by the introduction of new vehicles. Sales outside of Japan, however, fell by 2% to 659,098 units following a significant drop in sales in China owing to severe market conditions and intensifying price competition.
In North America, sales fell by 1.1% to 191,186 units. 
Toyota&#8217;s&nbsp;EV Sales:&nbsp;The company sold 382,458 electrified Toyota and Lexus vehicles globally last month, marking a jump of about 18% from Jan.2024.&nbsp;<a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Electrified vehicles</a>&nbsp;refer to hybrids, plug-in hybrids, battery electric vehicles, mild hybrids, and fuel-cell electric vehicles.
Pure electric vehicles or BEVs accounted for just 3% of Toyota&#8217;s overall electrified vehicle sales last month. 
Unit Performance: <a href="https://www.benzinga.com/markets/25/02/43488964/toyota-stock-rises-3-pre-market-after-it-upgrades-full-year-forecast-despite-drop-in-q3-earnings">Toyota&#8217;s subsidiary</a> Daihatsu reported a 40.2% increase in sales in January to 52,343 units after sales within Japan more than doubled and offset a drop in sales outside the country.
Hino Motors, however, witnessed a 5.6% drop in global sales following a steep 14.3% drop in sales outside Japan. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

Toyota Records First Worldwide Production Increase In A Year, But Sales Remain Stagnant In January

Litecoin and Avalanche both traded in the green Wednesday, defying the blood-soaked charts of other established coins.
What happened: LTC rose 2.85% in the last 24 hours, while its trading volume zoomed 34% to $1.94 billion.&nbsp;
The coin, created from the hard fork of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), surged to an intraday high of $128.14 earlier in the day before retracing to $122.
While there was no specific trigger for the rally,&nbsp; traders may be pricing in a high probability of a Litecoin spot exchange-traded fund approval this year. In the last few weeks, the SEC has <a href="https://in.benzinga.com/trading-ideas/movers/25/01/43328116/litecoin-spikes-over-11-after-sec-acknowledges-etf-filing-market-regulator-says-ltc-very-similar-to-bitcoin">acknowledged </a>spot ETF filings by Grayscale, Canary Capital, and CoinShares&nbsp;
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:55 p.m. ET)</td>
</tr>
<tr>
<td>Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>)</td>
<td>+2.85%</td>
<td>$122.61</td>
</tr>
<tr>
<td>Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>)</td>
<td>+1.05</td>
<td>$22.30</td>
</tr>
</tbody>
</table>
</figure>
Additionally, AVAX lifted 1.05% on the launch of its Visa credit card, which allows users to buy products directly with their cryptocurrency without having to convert it to fiat.
Avalanche, like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), is a smart contract-based network, enabling the development of decentralized applications on top of it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Avalanche Card is designed for a world where crypto isn't just held—it's used. A new way to connect, without relying on mainstream tools. Use your AVAX anywhere Visa is accepted, available digitally &amp; physically for ultimate convenience. <a href="https://t.co/TD53puRSuE">pic.twitter.com/TD53puRSuE</a>
&mdash; Avalanche&#x1f53a; (@avax) <a href="https://twitter.com/avax/status/1894749174824124449?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
The gains contrasted with the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">broader market meltdown</a>, with the total capitalization shrinking by 4.35% in the last 24 hours.
The slump was exacerbated by Bitcoin's drop below $83,000, its lowest in 15 weeks. Large-cap cryptocurrencies like Ethereum and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) fell 6.74% and 3.15%, respectively.
Photo by Igor Faun on Shutterstock
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Bitcoin Spin-Off Litecoin, 'Ethereum Killer' Avalanche Weather Crypto Meltdown, Here's Why LTC, AVAX Are Spiking

Artificial intelligence-related cryptocurrencies were the market&#8217;s biggest gainers on Wednesday as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shattered its fourth-quarter revenue record.
What happened: KAITO, the native token of the AI-powered InfoFi network, soared over 40% to become the most successful cryptocurrency in the last 24 hours.&nbsp;
The coin's trading volume nearly tripled to $1.87 billion in the last 24 hours, exceeding established coins like Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>).
IP, the native token of Layer-1 blockchain Story, rallied over 19% to generate the second-best returns.&nbsp;
Launched barely two weeks ago, the coin has accumulated a market capitalization of over $1 billion and has been up a whopping 569% since its debut.
The blockchain project helps creators register, license, and monetize their intellectual property assets in an AI-driven world.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
AI16Z, the token associated with ai16z—a venture capital firm led by Al agents—gained 15% on the day.
The overall market valuation of AI tokens rose by 1.8% in the last 24 hours, <a href="https://www.coingecko.com/en/categories/artificial-intelligence">according </a>to CoinGecko.
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:00 p.m. ET)</td>
</tr>
<tr>
<td>KAITO (KAITO)</td>
<td>+40.37%</td>
<td>$2.44</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+19.08%</td>
<td>$6.65</td>
</tr>
<tr>
<td>ai16z (AI16Z)</td>
<td>+15.13%</td>
<td>$0.3723</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: The spike came after Nvidia <a href="https://in.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">reported record fourth-quarter and full-year fiscal revenue </a>after Wednesday&#8217;s market close. The quarterly revenue and earnings exceeded analysts' expectations.&nbsp;
That said, shares of the chip-making giant were down 1,49% in after-hours trading, indicating that investors' lofty expectations were not met.
The surge defied the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">broader downturn</a> in the market, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipping below $83,000 for the first time in 15 weeks.
Price Action: Shares of NVDA closed 3.67% higher at $131.28 during Wednesday's regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
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Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and owner of the Washington Post, announced Wednesday a significant shift in the newspaper&#8217;s opinion section that will prioritize viewpoints <a href="https://www.benzinga.com/25/02/43760885/jeff-bezos-owned-washington-post-turns-down-ad-campaign-that-asked-whos-running-this-country-donald-trump-or-elon-musk">supporting free markets and personal liberties</a>.
What Happened: In a note shared on X, Bezos wrote that the Post&#8217;s opinion pages will now focus on &#8220;two pillars: personal liberties and free markets,&#8221; with opposing viewpoints &#8220;left to be published by others.&#8221; He justified the change by noting that while newspapers once served readers by <a href="https://www.benzinga.com/general/space/25/01/43372393/bezos-vs-bezos-amazon-files-lawsuit-related-to-washington-post-in-major-conflict-of-interest-for-billionaire">providing diverse opinions</a>, &#8220;Today, the internet does that job.&#8221;
&#8220;I am of America and for America, and proud to be so,&#8221; Bezos stated. &#8220;Freedom is ethical — it minimizes coercion — and practical — it drives creativity, invention, and prosperity.&#8221;
The shift has already resulted in editorial changes. David Shipley, the Post&#8217;s current opinion editor, will step down rather than lead the new direction. Bezos acknowledged, &#8220;This is a significant shift, it won&#8217;t be easy, and it will require 100% commitment.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I shared this note with the Washington Post team this morning: I'm writing to let you know about a change coming to our opinion pages. We are going to be writing every day in support and defense of two pillars: personal liberties and free markets. We'll cover other topics too…
&mdash; Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1894757287052362088?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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The announcement drew swift criticism from prominent figures. Sen. Bernie Sanders (I-VT) characterized the move as &#8220;Oligarch ownership of the media,&#8221; claiming Bezos &#8220;has now declared that the editorial page of that paper is going Trump right-wing.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is what Oligarch ownership of the media looks like: The second-richest guy in the world, Bezos, owns The Washington Post. He has now declared that the editorial page of that paper is going Trump right-wing. Surprise, Mr. Musk agrees. We must support independent media.
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1894806582262706652?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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Former Labor Secretary Robert Reich warned, &#8220;When billionaires take control of vital communication platforms, it&#8217;s not a win for free speech. It&#8217;s a win for oligarchy.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When billionaires take control of vital communication platforms, it's not a win for free speech. It's a win for oligarchy. And when those billionaires justify their business motives by citing "freedom," what they actually seek is freedom from accountability. Don&#39;t be fooled. <a href="https://t.co/LIp2uHH1mP">https://t.co/LIp2uHH1mP</a>
&mdash; Robert Reich (@RBReich) <a href="https://twitter.com/RBReich/status/1894778112803516877?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43996653/jensen-huang-no-technology-has-ever-touched-more-of-the-worlds-gdp-than-ai-but-nvidia-shares-slip-in-after-hours-trading">Jensen Huang: &#8216;No Technology Has Ever Touched More Of The World&#8217;s GDP Than AI&#8217; But Nvidia Shares Slip In After-Hours Trading</a>
Why It Matters: Rep. Adam Schiff (D-Calif.) called it &#8220;another act of self-censorship to serve business interests&#8221; that would &#8220;constrain the liberty of its editors to publish opinions not advancing its owner&#8217;s business interests.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Another act of self-censorship to serve business interests. Another capitulation. In the guise of advancing "personal liberty" the Washington Post will constrain the liberty of its editors to publish opinions not advancing its owner's business interests. <a href="https://t.co/m3RRgSkP6c">https://t.co/m3RRgSkP6c</a>
&mdash; Adam Schiff (@SenAdamSchiff) <a href="https://twitter.com/SenAdamSchiff/status/1894811668179210490?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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The announcement received support from Tesla Inc. CEO Elon Musk, who responded on X with &#8220;Bravo, Jeff Bezos!&#8221; Musk, who has frequently criticized mainstream media organizations for alleged bias, has positioned X (formerly Twitter) as a platform for <a href="https://www.benzinga.com/startups/24/12/42496960/elon-musk-tried-to-create-a-new-intergalactic-media-empire-called-thud-he-offered-2-million-to-onion-editors-and-poached-staff-away">more transparent news</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bravo, <a href="https://twitter.com/JeffBezos?ref_src=twsrc%5Etfw">@JeffBezos</a>! <a href="https://t.co/XZOxVryVTa">https://t.co/XZOxVryVTa</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1894765014256370007?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">Bitcoin, Ethereum, Dogecoin Plunge Deeper On Trump&#8217;s Tariff Threats: Analyst Hopeful BTC Will Touch $93,500 In Relief Rally</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Social Media

Media

AMZN

TSLA

Jeff Bezos' Washington Post Overhaul Draws 'Oligarch' Remark From Bernie Sanders — Elon Musk Says 'Bravo' To Amazon Founder

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) to report quarterly earnings at $2.52 per share on revenue of $24.57 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dell shares gained 0.1% to $115.81 in after-hours trading.</li>
<li>Analysts expect J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) to post quarterly earnings of $2.37 per share, with a revenue of $2.23 billion. The company will release earnings before the markets open. Smucker shares gained 1.2% to $110.49 in after-hours trading.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported fourth-quarter revenue of $39.3 billion, up 12% quarter-over-quarter and up 78% year-over-year. The revenue total beat a Street consensus estimate of $38.05 billion according to data from Benzinga Pro. Nvidia reported fourth-quarter earnings of 89 cents per share, marking an 82% year-over-year increase and exceeding the Street consensus estimate of 84 cents per share. The company's guidance for first-quarter revenue is $43.0 billion, +/—2%. Nvidia shares fell 1.5% to $129.32 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is projected to report quarterly earnings at 38 cents per share on revenue of $2.94 billion. Hormel Foods shares gained 1.3% to $29.10 in after-hours trading.</li>
<li>Analysts expect HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) to post quarterly earnings at 74 cents per share on revenue of $13.36 billion after the closing bell. HP shares gained 0.4% to $33.98 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43981679/top-3-real-estate-stocks-that-may-fall-off-a-cliff-in-q1">Top 3 Real Estate Stocks That May Fall Off A Cliff In Q1</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

DELL

Nvidia, Dell Technologies And 3 Stocks To Watch Heading Into Thursday

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Private New Capital Expenditure (QoQ) For Q4 -0.2% Vs. 0.6% Est.; 1.6% (Revised) Prior

Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/BBWI/earnings">opening bell on Thursday, Feb. 27.</a>
Analysts expect the Columbus, Ohio-based company to report quarterly earnings at $2.04 per share, down from $2.06 per share in the year-ago period. Bath &amp; Body Works projects quarterly revenue of $2.78 billion, compared to $2.91 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 7, Bath &amp; Body Works announced today the declaration of its regular quarterly dividend of 20 cents per share payable on March 7, to shareholders of record at the close of business on Feb. 21.
Bath &amp; Body Works shares gained 1.1% to close at $41.08 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Raymond James analyst Olivia Tong reiterated an Outperform rating and raised the price target from $42 to $46 on Feb. 25, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Barclays analyst Adrienne Yih upgraded the stock from Underweight to Equal-Weight and raised the price target from $34 to $43 on Feb. 24, 2025. This analyst has an accuracy rate of 64%.</li>
<li>JP Morgan analyst Matthew Boss upgraded the stock from Neutral to Overweight and increased the price target from $41 to $47 on Feb. 18, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Wells Fargo analyst Ike Boruchow upgraded the stock from Equal-Weight to Overweight and raised the price target from $42 to $48 on Jan. 10, 2025. This analyst has an accuracy rate of 71%.</li>
<li>TD Cowen analyst Jonna Kim maintained a Buy rating and increased the price target from $42 to $48 on Dec. 12, 2024. This analyst has an accuracy rate of 66%.</li>
</ul>
Considering buying BBWI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="436" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/26144642/image-235-1024x436.png" alt="" class="wp-image-800213" style="width:511px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/26144642/image-235-1024x436.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/26144642/image-235-300x128.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/26144642/image-235-768x327.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/26144642/image-235.png 1173w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43981679/top-3-real-estate-stocks-that-may-fall-off-a-cliff-in-q1">Top 3 Real Estate Stocks That May Fall Off A Cliff In Q1</a></li>
</ul>

Price Target

Analyst Ratings

BBWI

Bath & Body Works Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Fred Thiel, the CEO of&nbsp;MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), discussed on Wednesday the company&#8217;s active collaboration with President Donald Trump&#8217;s administration to bolster Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining in the U.S.
What happened: During the company's fourth-quarter earnings call, Thiel said MARA was committed to mining blocks domestically, highlighting how it labels every Bitcoin block it produces as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40335353/marathon-digital-stamps-all-bitcoins-produced-by-its-mining-pool-as-made-in-usa-after-trum">&#8220;made in USA</a>.&#8221;
"Because we believe it&#8217;s a strategic importance to the U. S., not just having a strategic reserve of Bitcoin but also having a predominant amount of block space such that the U. S. can project power and defend the Bitcoin blockchain, regardless of what other nations do," Thiel emphasized.
Thiel assured that MARA will continue to work closely with the executive and legislative branches of the government, at federal and state levels, to ensure the industry&#8217;s best interests are represented and implemented.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
Why It Matters: President Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41081939/trump-wants-us-to-be-bitcoin-mining-capital-of-the-world-core-scientifics-move-to-buy-chip">promised full support for the industry</a> during his presidential campaign last year, with a vision to mine all remaining Bitcoins in the U.S.
Notably, U.S. miners <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119109/us-bitcoin-miners-boost-mining-capacity-capture-30-of-global-hash-rate-mara-holdings-sees-sharp-jump-in-btc-balance">controlled over 30% of the global network hash rate</a>, according to a research report released last month, marking a 9% increase in market share since April&#8217;s halving
The remarks come in the wake of MARA's <a href="https://www.benzinga.com/news/earnings/25/02/43993028/mara-holdings-q4-earnings-highlights-record-revenue-net-income-bitcoin-holdings-hit-44893-btc">record-breaking fourth-quarter earnings</a>, with revenue and earnings beating analysts' expectations.&nbsp;
The company held 44,893 BTC at the end of the fiscal year, purchasing 15,574 BTC in the fourth quarter
Price Action: Shares of MARA pumped 7.47% in after-hours trading, after closing 0.28% higher at $12.45 during Wednesday's regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock was down 25.76%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43965125/bybit-hacker-launders-nearly-30-of-hacked-1-4-billion-eth-in-5-days-needs-only-8-10-days-to-finish-the-job">Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

MARA

MARA Holdings Stock Spikes Over 7% In After-Hours Trading As CEO Assures Commitment To 'Made In USA' Bitcoin Mining

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said during the company&#8217;s fourth-quarter&nbsp;earnings call that &#8220;No technology has ever had the opportunity to address a larger part of the world&#8217;s GDP than AI.&#8221;
What Happened: This assertion, made as NVIDIA reported a staggering 78% year-over-year revenue increase to $39.3 billion for the fourth quarter, reflects how artificial intelligence rapidly transcends its initial applications to permeate virtually every economic sector.
Huang elaborated on this vision by emphasizing AI&#8217;s transition from specialized tool to mainstream software. &#8220;AI is modern software&#8230; AI has gone mainstream,&#8221; he noted, highlighting how the technology now underpins everyday services from e-commerce and delivery to education and healthcare.
What makes this claim particularly significant is the historical context. Previous technological revolutions—from steam power to electricity to computing—each transformed substantial portions of economic activity. Yet Huang suggests AI&#8217;s reach could be even more expansive, potentially touching nearly every industry simultaneously.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43987636/bitcoin-tumbles-below-85000-amid-president-trumps-eu-tariff-threats" target="_blank" rel="noreferrer noopener">Bitcoin Tumbles Below $85,000 Amid President Trump's EU Tariff Threats</a>
Why It Matters: The company&#8217;s forecast of $43 billion in revenue for the first quarter of 2026 underscores the accelerating adoption curve.
Unlike previous technologies that often required decades to fully permeate industries, AI is being deployed at unprecedented speed. From traditional enterprises to startups, organizations worldwide are racing to implement AI capabilities, creating what Huang describes as the beginnings of a new era just two years into this transition.
Price Action: Nvidia closed at $131.28 on Wednesday, up 3.67%. In after-hours trading, the stock fell 1.49% to $129.32. Year to date, NVDA is down 5.08%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/02/43991325/salesforce-shares-sink-after-q4-revenues-miss-estimates-weak-fy26-guidance-details" target="_blank" rel="noreferrer noopener">Salesforce Shares Sink After Q4 Revenues Miss Estimates, Weak FY26 Guidance: Details</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jensen Huang: 'No Technology Has Ever Touched More Of The World's GDP Than AI' But Nvidia Shares Slip In After-Hours Trading

A Canadian regulator announced Wednesday it will require Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) to pay a fee to cover the costs of enforcing the country&#8217;s Online News Act, adding to growing tensions between Canada and the United States <a href="https://www.benzinga.com/news/global/25/02/43926015/trump-confirms-tariffs-on-canada-mexico-will-take-effect-as-planned">over trade and technology policies</a>.
The Canadian Radio-television and Telecommunications Commission said the fee will take effect on Apr. 1, with no upper limit established, Reuters reported. Google previously objected during public consultations, arguing it was &#8220;not a rational approach&#8221; to impose all costs on one entity.
Despite these objections, Google had already agreed to pay C$100 million annually to news publishers to maintain news <a href="https://www.benzinga.com/news/21/02/19594268/google-launches-paid-news-showcase-platform-in-uk-cnbc">content in search results</a>. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), the only other company meeting the size threshold under the law, instead chose to block news on its Facebook and Instagram platforms in Canada.
The regulation represents part of a global trend requiring tech giants to compensate news organizations. The CRTC noted in its policy notice that the recovery costs can only be levied on <a href="https://www.benzinga.com/24/11/42238248/google-faces-historic-antitrust-lawsuit-in-canada-demanding-sale-of-key-ad-tech-tools">digital platforms covered by the law</a>.
Price Action: Alphabet&#8217;s Class A stock closed at $172.73 on Wednesday, down 1.53%, while Class C fell 1.51% to $174.70, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43991325/salesforce-shares-sink-after-q4-revenues-miss-estimates-weak-fy26-guidance-details" target="_blank" rel="noreferrer noopener">Salesforce Shares Sink After Q4 Revenues Miss Estimates, Weak FY26 Guidance: Details</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Google-Parent Alphabet Gets Slapped With New Fee By Canada To Fund Online News Act —  Tech Policy Tensions Escalate

U.S. Director of National Intelligence Tulsi Gabbard has condemned the United Kingdom&#8217;s demand for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to create a &#8220;backdoor&#8221; to encrypted iCloud accounts, calling it a &#8220;clear and egregious violation of Americans&#8217; privacy and civil liberties.&#8221;
What Happened: In a letter to British lawmakers Wednesday, Gabbard warned the order would &#8220;open up a serious vulnerability for cyber exploitation by adversarial actors&#8221; and potentially violate the bilateral Cloud Act agreement between the two nations, <a href="https://www.theguardian.com/us-news/2025/feb/26/tulsi-gabbard-uk-apple">reported</a> The Guardian.
The dispute emerged after the UK Home Office issued a &#8220;technical capability notice&#8221; under the Investigatory Powers Act, requiring Apple to provide access to encrypted user data for law enforcement investigations. In response, Apple removed its Advanced Data Protection encryption feature entirely from the UK market.
Since February, British users attempting to activate ADP have received error messages. The feature, introduced in December 2022, had previously been available as an opt-in <a href="https://www.benzinga.com/markets/equities/25/02/43901425/apple-bows-out-of-uks-cloud-encryption-amid-governments-backdoor-demands">service for UK customers</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43995515/jensen-huang-says-deepseek-was-fantastic-next-gen-models-demand-100x-more-compute-as-nvidia-smashes-earnings-records">Jensen Huang Says &#8216;DeepSeek Was Fantastic:&#8217; Next-Gen Models Demand 100x More Compute As Nvidia Smashes Earnings Records</a>
Why It Matters: Apple&#8217;s decision continues its history of resisting government demands for user data access, reminiscent of its 2015 refusal to create an <a href="https://www.benzinga.com/news/24/10/41286584/apple-goes-from-waging-encryption-war-with-fbi-to-holding-hush-hush-global-police-summits-an-evolvin">FBI backdoor following the San Bernardino terror attack</a>.
Cybersecurity experts have criticized the UK government&#8217;s move. Professor Alan Woodward called it an &#8220;act of self-harm,&#8221; while privacy advocate Caro Robson noted it was unprecedented for a company to withdraw a product rather than comply with government directives.
Gabbard indicated she was <a href="https://www.benzinga.com/markets/equities/25/02/43901425/apple-bows-out-of-uks-cloud-encryption-amid-governments-backdoor-demands">unaware of the UK&#8217;s order until media reports surfaced</a>. She has requested insights from various U.S. security agencies, including the CIA, FBI, and NSA, and said national security lawyers are working on a legal opinion regarding the implications.
Price Action: Apple&#8217;s stock closed at $240.36 on Wednesday, down 2.70%. In after-hours trading, the stock declined another 0.30%. Year to date, AAPL is down 1.43%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43995014/elon-musks-influence-over-the-government-set-to-increase-trump-orders-all-federal-agencies-to-appoint-a-doge-commissar">Elon Musk&#8217;s Influence Over The Government Set To Increase, Trump Orders All Federal Agencies To Appoint A DOGE Commissar</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Tulsi Gabbard Slams UK's Apple Encryption Demand As 'Egregious Violation' Of Americans' Privacy, Warns Of Cyber Threats

Jimmy Donaldson, popularly known as MrBeast, is reportedly looking to raise hundreds of millions of dollars in a funding round that would value his business empire at approximately $5 billion.
What Happened: MrBeast is in talks with financial firms and high-net-worth individuals to secure investment for his growing business empire, <a href="https://www.bloomberg.com/news/articles/2025-02-27/youtube-star-mrbeast-is-raising-money-at-a-5-billion-valuation">reported</a> Bloomberg, citing people familiar with the matter.
Donaldson&#8217;s business, which includes brands like Feastables and Lunchly, generated over $400 million in sales last year. He reportedly aims to expand his packaged goods and media ventures.
See Also: <a href="https://www.benzinga.com/tech/25/01/43325058/mrbeasts-net-worth-hits-1-billion-but-in-2023-he-promised-to-give-away-all-his-money-what-drives-the-youtubers-philanthropy">MrBeast&#8217;s Net Worth Hits $1 Billion—But In 2023, He Promised To &#8216;Give Away&#8217; All His Money. What Drives The YouTuber&#8217;s Philanthropy?</a>
Why It Matters: MrBeast's Amazon Prime reality series, "Beast Games," cost him personally. "I lost tens of millions of dollars," he admitted on the Diary of a CEO podcast, adding that he <a href="https://in.benzinga.com/general/entertainment/25/02/43903423/mrbeast-calls-his-amazon-deal-for-beast-games-a-financial-mistake-this-is-the-price-you-have-to-pay">overspent to make Season 1</a> as strong as possible.
Amazon, which committed $100 million for the first season, has agreed to produce additional seasons but is still negotiating the budget.
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.
During the same podcast, the YouTube sensation admitted being a billionaire "on paper," but said he has less than a million dollars in his bank account.
Previously, it was reported that MrBeast is <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">exploring business opportunities</a>, including a potential acquisition of TikTok.
Photo via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43078570/mrbeast-unhappy-with-billionaires-silence-on-feeding-the-hungry-after-overwhelming-interest-about-tiktok-purchase-when-i-fundraise-its-crickets" target="_blank" rel="noreferrer noopener">MrBeast Unhappy With Billionaires' Silence On Feeding The Hungry After Overwhelming Interest About TikTok Purchase: ‘When I Fundraise It's Crickets'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

MrBeast Lost Millions On Amazon's 'Beast Games'—Now He's Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level

Despite initial delays with its Blackwell AI chip, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has reassured investors that Blackwell Ultra remains on schedule for the second half of 2025.
What Happened: During Nvidia's <a href="https://in.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">fourth-quarter</a> earnings call, JPMorgan analyst Harlan Sur asked Huang about the demand and rollout strategy for Blackwell Ultra, given that the company is still ramping up its Blackwell chips.
In response, Huang acknowledged that the first Blackwell chips faced a "hiccup" that "probably cost us a couple of months," but said that Nvidia has fully recovered. "The team did an amazing job recovering," he said.
See Also: <a href="https://www.benzinga.com/25/02/43995198/jensen-huang-wants-nvidia-and-him-to-be-remembered-for-making-an-extraordinary-impact-as-the-chip-giant-continues-to-expand-its-legacy">Jensen Huang Once Disclosed How He Wants Nvidia And Him Remembered: &#8216;Very Simply…&#8217;</a>
The CEO confirmed that Blackwell Ultra will arrive in the second half of 2025 and will feature "new networking, new memories, and, of course, new processors."
He assured investors that Nvidia's supply chain and partners are fully prepared for the transition and noted that unlike the transition from Hopper to Blackwell, which required significant hardware changes, Blackwell Ultra will "slot right in" without major architectural overhauls.
Beyond Blackwell Ultra, Huang revealed that Nvidia is already working closely with partners on the "click after that," called Verarubin, which he plans to unveil at the upcoming GTC conference.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Last year, the Blackwell chips faced <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">significant challenges</a>, including overheating issues when integrated into server racks, impacting major clients like Meta Platforms Inc., Microsoft Corporation, and Elon Musk&#8217;s xAI.
These overheating problems were reported to have affected the performance of data centers, causing concern among Nvidia&#8217;s partners and customers.
Nvidia reported $39.3 billion in fourth-quarter revenue, marking a 12% increase from the previous quarter and 78% growth year-over-year. This surpassed Wall Street's estimate of $38.05 billion.
At the earnings call, Huang said, "Demand for Blackwell is amazing as reasoning AI adds another scaling law."
Price Action: At the time of writing, Nvidia&#8217;s stock declined 1.49% in after-hours trading to $129.32, after gaining 3.67% earlier on Wednesday and closing at $131.28, per <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Jensen Huang Admits First Nvidia Blackwell Chips Faced Hiccups, Praises Team For Amazing Recovery — Blackwell Ultra On Track For Second Half Of 2025

Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken.
What happened: In an X post, Winklevoss stated that the regulator notified the company&#8217;s litigation counsel of the closure. He called this &#8220;another milestone to the end of the war on crypto.&#8221;
"This comes 699 days after the start of their investigation and 277 days after they sent us a Wells Notice," Winklevoss said. "The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation."
<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">On Monday, the SEC informed our litigation counsel <a href="https://twitter.com/JackBaughman27?ref_src=twsrc%5Etfw">@JackBaughman27</a> that it has closed its investigation into <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw">@Gemini</a> and will not be pursuing an enforcement action against us. This comes 699 days after the start of their investigation and 277 days after they sent us a Wells… <a href="https://t.co/dTjg9CJXVl">pic.twitter.com/dTjg9CJXVl</a>
&mdash; Cameron Winklevoss (@cameron) <a href="https://twitter.com/cameron/status/1894876433979154893?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The conflict dates back at least to Mar. 2023, when <a href="https://www.benzinga.com/content/43328412/gemini-refuses-to-hire-mit-graduates-unless-university-drops-gary-gensler">Gemini settled with the SEC </a>by paying $21 million in fines for allegedly selling unregistered securities through its Gemini Earn program. The regulatory action was spearheaded by former SEC Chair Gary Gensler.
The SEC didn't immediately respond to Benzinga's request for comment.&nbsp;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
Why It Matters: Cameron and his twin brother Tyler have been vocal critics of Gensler. Last month, they announced a <a href="https://www.benzinga.com/25/01/43329158/crypto-firm-gemini-announce-hiring-freeze-against-mit-due-to-gary-genslers-return">hiring boycott</a> against the Massachusetts Institute of Technology, where Gensler joined as a professor.
The Winklevoss twins made Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) donations to campaigns, including those of President Donald Trump and John Deaton, a pro-cryptocurrency candidate who unsuccessfully ran against Senator Elizabeth Warren (D-Mass.).
The development follows a series of similar actions by the SEC, including the <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-penalties">withdrawal</a> of its enforcement case against cryptocurrency exchange Coinbase and the <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43914267/sec-drops-investigation-into-robinhoods-crypto-unit">termination of its investigation</a> into Robinhood Markets&#8217; cryptocurrency operations.
Photo via Shutterstock
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SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: 'Another Milestone To The End Of The War On Crypto'

Leading cryptocurrencies plunged on Wednesday on fears of a full-blown trade war between the U.S. and Europe.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-4.01%</td>
<td>$84,586.64</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-5.64%</td>
<td>$2,334.17</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>-3.32%</td>
<td>$0.2024</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin sank below $83,000 for the first time in 15 weeks before pairing losses late in the evening. The leading cryptocurrency was down over 21% since its January all-time high.
In the last 24 hours, BlackRock transferred over $160 million in BTC to Coinbase, which were outflows from iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), according to Arkham Intelligence.
Similarly, Ethereum plunged to an intraday low of $2,255.05, its lowest since Donald Trump's presidential victory.
The continuing price decline was precipitated by reports of <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43987636/bitcoin-tumbles-below-85000-amid-president-trumps-eu-tariff-threats">Trump's threats to impose 25%</a> tariffs on the European Union.
Over $760 million was liquidated from the cryptocurrency market in the last 24 hours, with $606 million in long positions erased.
That said, a recovery to $90,500 would liquidate over $1 billion worth of short positions
Bitcoin's Open Interest fell by 5.45% in the last 24 hours and has collapsed by more than 18% since the beginning of February.
The "Extreme Fear" sentiment strengthened, according to the Crypto Fear and Greed Index, fueling concerns of further downsides.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Kaito (KAITO)</td>
<td>+43.73%</td>
<td>$2.48</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+19.36%</td>
<td>$6.83</td>
</tr>
<tr>
<td>Berachain (BERA)</td>
<td>+9.03%</td>
<td>$7.34</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.77 trillion, shrinking by 4.91% in the last 24 hours.
Major stock averages snapped a losing streak Wednesday. The S&amp;P 500 gained 0.01% to close at 5,956.06 after four consecutive days of ending in the red. The tech-focused Nasdaq Composite rose 0.26% to end at 19,075.26. The Dow Jones Industrial Average was the outlier, closing 0.43% lower at 43,433.12.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose 3.67% ahead of its fourth-quarter earnings report, boosting the overall sentiment. The AI behemoth reported a <a href="https://in.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">higher-than-expected</a> revenue and earnings per share.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and investor Rekt Capital noted the formation of Bitcoin's new "CME Gap" between ~$92,700 and ~$94,000
"This offers some confluence to the idea of price revisiting $93,500 at some point in the future as part of a post-breakdown relief rally," the analyst predicted.
CME gaps are the differences in price between the closing price on a given trading day and the opening price on the following trading day on a Bitcoin futures chart.&nbsp;
<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/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is getting closer to filling the CME Gap that created between $78000 and ~$80700 in November 2024 On this retrace however, Bitcoin has developed a brand new CME Gap between ~$92700 and ~$94000 That new CME Gap is confluent with the Re-Accumulation Range Low… <a href="https://t.co/lDWd6C8nHf">https://t.co/lDWd6C8nHf</a> <a href="https://t.co/8Q58b67uI3">pic.twitter.com/8Q58b67uI3</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1894858387579646277?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a note to Benzinga, Chris Kline, COO and Co-Founder of BitcoinIRA, called Bitcoin's ongoing consolidation phase a "healthy reset."
"Bitcoin has established a more defined trading range following its impressive run to near all-time highs, demonstrating resilience despite short-term fluctuations," Kline added.
The analyst suggested that such periods of measured trading activity typically precede upward momentum.
Photo by Avi Rozen on Shutterstock
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$DOGE

IBIT

Bitcoin, Ethereum, Dogecoin Plunge Deeper On Trump's Tariff Threats: Analyst Hopeful BTC Will Touch $93,500 In Relief Rally

On Wednesday, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) released six months of viewership data, revealing that &#8220;Squid Game&#8221; Season 2 soared to the top in just a few days, while a mix of thrillers, rom-coms, and even a high-profile boxing match captured global audiences.
What Happened: Netflix's latest "What We Watched" report, covering July to December 2024, revealed that subscribers streamed 94 billion hours of content during this period.
Despite being released just days before the year ended, ‘Squid Game' Season 2 led the most-watched shows rankings, amassing 87 million views. Squid Game Season 2 debuted on Dec. 26 and set a new record with <a href="https://www.benzinga.com/24/12/42751367/netflix-posts-record-debut-with-squid-game-season-2-heres-how-many-people-watched-show">68 million views in its first week</a>.
See Also: <a href="https://in.benzinga.com/media/25/02/43792375/squid-game-fuels-netflixs-dominance-in-south-koreas-booming-streaming-market-report">&#8216;Squid Game&#8217; Fuels Netflix&#8217;s Dominance in South Korea&#8217;s Booming Streaming Market: Report</a>
Following closely behind was ‘The Perfect Couple,' a romantic thriller that garnered 75 million views after its Sept. 5 debut. Ryan Murphy's crime drama ‘Monster: The Lyle and Erik Menendez Story' took third place with 70 million views.
Netflix's data also highlighted audience interest across different genres. The British spy thriller ‘Black Doves,' Adam Brody's romcom ‘Nobody Wants This,' and the Jake Paul vs. Mike Tyson fight—which pulled in 49 million views—all ranked among the most-watched titles.
In the most-watched films category, &#8216;Carry-On,&#8217; released on Dec. 5, topped the list with 137 million views, followed by &#8216;The Union&#8217; (131 million views) and &#8216;Rebel Ridge&#8217; (129 million views).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: Netflix reported $10.25 billion in revenue <a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations">for the fourth quarter</a>, a 16% increase year-over-year. This exceeded Wall Street's estimate of $10.11 billion, per Benzinga Pro.
The company gained 18.91 million paid subscribers in the quarter, a 15.9% increase from the previous year. Total paid subscribers reached 301.63 million.
Average revenue per member rose 1% year-over-year.
Price Action: Netflix&#8217;s stock rose 0.40% in after-hours trading to $993.99, following a 1.31% gain earlier on Wednesday, closing at $990.06, per <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Photo by DANIEL CONSTANTE on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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