Tidal Trust II YieldMax AI Option Income Strategy ETF (ARCA: AIYY)

Latest news for Tidal Trust II YieldMax AI Option Income Strategy ETF (ARCA:AIYY)

The Fund is an actively managed exchange-traded fund (ETF) that seeks current income while providing indirect exposure to the share price (i.e., the price returns) of the common stock of C3.ai, Inc. (AI), subject to a limit on potential investment gains. The Fund will employ its investment strategy as it relates to AI regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. As further described below, the Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of AI, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs.

First American Government Obligations Fund

YieldMax AI Option Income Strategy ETF

Tidal Trust II YieldMax AI Option Income Strategy ETF

Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) will release its fourth-quarter financial results, after the closing bell, on <a href="https://www.benzinga.com/quote/cvna/earnings">Wednesday, Feb. 19, 2025.</a>
Analysts expect the Tempe, Arizona-based company to report quarterly earnings at 29 cents per share, compared to a year-ago loss of $1.00 per share. Carvana projects quarterly revenue of $3.31 billion, compared to $2.42 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company has beaten analyst estimates for revenue in three straight quarters and five of the last 10 quarters overall.
Carvana shares fell 0.3% to close at $284.53 on Tuesday.
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/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $250 on Feb. 6, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Stephens &amp; Co. analyst Jeff Lick reiterated an Overweight rating with a price target of $300 on Feb. 6, 2025. This analyst has an accuracy rate of 74%.</li>
<li>JP Morgan analyst Rajat Gupta maintained an Overweight rating and raised the price target from $300 to $350 on Jan. 31, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Citigroup analyst Ronald Josey upgraded the stock from Neutral to Buy and raised the price target from $195 to $277 on Jan. 8, 2025. This analyst has an accuracy rate of 78%.</li>
<li>RBC Capital analyst Brad Erickson upgraded the stock from Sector Perform to Outperform and boosted the price target from $270 to $280 on Jan. 7, 2025. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying CVNA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-1024x592.png" alt="" class="wp-image-788199" style="width:644px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49.png 1085w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43776863/top-3-risk-off-stocks-which-could-rescue-your-portfolio-this-quarter-3">Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

CVNA

Carvana Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Microsoft co-founder Bill Gates couldn't name many young tech founders leading groundbreaking companies from this era, with only one exception — Alexandr Wang.
What Happened: During a conversation with Stripe CEO Patrick Collison at the Computer History Museum, Gates was asked to name any founders in their 20s who are at the top of the technology industry today.
His only nomination was Wang, the 28-year-old founder and CEO of Scale AI, the company that supplies data to power leading AI models, serving organizations like OpenAI and Microsoft.
"I think Alex Wang, who does AI data, he&#8217;s still in his 20s," Gates said.
See Also: <a href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of">Bill Gates Hopes Elon Musk Will Rethink Slashing USAID: Their Work Is Something &#8216;Every Taxpayer Would Be Proud Of&#8217;</a>
Collison, who agreed with Gates&#8217; assessment, noted that in past decades, there was always a defining young founder leading innovation — naming Steve Jobs, Mark Zuckerberg, Gates, and Michael Dell as examples.
However, he said that identifying a current equivalent proved difficult.
In response, Gates pointed to the changing tech landscape, saying that when he and Jobs started, the industry was full of "virgin territory" where young entrepreneurs could disrupt established players.
He said that today's environment is different, making it harder for new entrants to break through.
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>.
<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="CHM Live &#x7C; Bill Gates and Patrick Collison: In Conversation at CHM" width="500" height="281" src="https://www.youtube.com/embed/CZEW2P4DBl0?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>
Why It's Important: Established in 2016, Wang's Scale AI emerged as a key player in the AI sector well before OpenAI's ChatGPT became widely recognized.
Last year, <a href="https://www.benzinga.com/markets/equities/24/05/38944368/ai-startup-scale-secures-1b-from-investors-including-amd-amazon-meta-doubling-valuation-to-13-8b">Scale AI secured $1 billion</a> in funding, bringing its valuation to $13.8 billion.
The round was led by Accel, with participation from nearly all of Scale's existing investors. These include Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia Corporation, Tiger Global, Greenoaks, and Wellington Management.
New investors also joined the round including Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta Platforms, Inc.
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:
<ul>
<li><a href="https://www.benzinga.com/tech/25/02/43578844/bill-gates-says-steve-jobs-once-told-him-i-wish-youd-take-acid-that-would-enhance-microsofts-product-design-more-i-envy-those-skills-im-not-in-his-league">Bill Gates Says Steve Jobs Once Told Him, I Wish You&#8217;d &#8216;Take Acid&#8217; That Would Enhance Microsoft&#8217;s Product Design More: &#8216;I Envy Those Skills. I&#8217;m Not In His League&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

Why There's No New Steve Jobs Or Zuckerberg — Bill Gates Names The Only 20-Something Founder Who's Still In The Game

Prominent Singaporean entrepreneur Adam Khoo cast doubt on Grab Holdings Ltd.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) investment potential Tuesday, even as the Southeast Asian super-app&#8217;s shares rose 8.16% to $5.30, adding to its 51.86% gain over the past year.
What Happened: &#8220;I live in Southeast Asia and personally use the GRAB app everyday for transport and ordering food. But I will not invest in the stock because I think it does not have a strong economic moat,&#8221; Khoo wrote on X, offering a ground-level perspective of the company&#8217;s market position. 
He emphasized the platform&#8217;s limited pricing power, noting how easily users switch to competitors like ZIG, GoJek, or Food Panda when prices increase.
Khoo&#8217;s skepticism about Grab&#8217;s potential as a &#8220;multi-bagger&#8221; investment stems from its confined growth prospects beyond Southeast Asia, where it currently operates in eight countries. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24GRAB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GRAB</a> stock is up 15% today and I see so many people calling it the next big multi bagger. Really? I live in Southeast Asia and I personally use the GRAB app everyday for transport and for ordering food. But I will not invest in the stock because I think it does not have a…
&mdash; Adam Khoo (@adamkhootrader) <a href="https://twitter.com/adamkhootrader/status/1891798851109126453?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/02/43802574/bitcoin-ethereum-dogecoin-slide-further-while-stocks-rally-analyst-spots-a-good-sign-for-eths-mid-term-and-long-term-price-outlooks">Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots &#8216;Good Sign&#8217; For ETH&#8217;s Mid-Term And Long-Term Price Outlooks</a>
What Happened: His assessment aligns with recent analyst sentiment, as 14 analysts maintain a <a href="https://www.benzinga.com/quote/GRAB/analyst-ratings">consensus price target</a> of $5.14, below current trading levels.
The Singapore-headquartered company, valued at $20.99 billion, has built a comprehensive platform offering services from ride-hailing to financial services since its 2012 founding. 
However, recent ratings from HSBC, Bank of America Securities, and China Renaissance, averaging $5.25, suggest limited upside despite the stock&#8217;s strong momentum, supporting Khoo&#8217;s thesis about the company&#8217;s growth constraints.
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="932" height="342" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159.png" alt="" class="wp-image-788239" style="width:745px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159.png 932w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159-300x110.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159-768x282.png 768w" sizes="(max-width: 932px) 100vw, 932px" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/general/market-summary/25/02/43806017/alibabas-q4-shakeup-many-asian-funds-exit-while-us-based-funds-like-ubs-oconnor-marathon-assetmark-cantor-fitzgerald-double-down">Alibaba Sees Asian Funds Exiting In Q4 Even As Their US Peers UBS O&#8217;Connor, Marathon, AssetMark, And Cantor Fitzgerald Double Down</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.

Equities

GRAB

Grab Stock Is Up 52% Over The Past Year, But Investor Adam Khoo Warns Of Weak 'Economic Moat' And Growth Limits

ACVA

AMPL

ANSS

APPN

BLCO

BMRN

BORR

CAKE

CCAP

CCSI

CHDN

CLVT

CMTG

CWAN

ENLT

ENVX

ESRT

ETSY

EXAS

FOLD

First Trust Advantage Preferred Income Fund

FVRR

GLBE

GRMN

HSBC

ICLR

IIPR

IMAX

INSG

IONS

KALU

KPTI

KRYS

KVYO

LAND

LILA

LILAK

LOPE

LUNG

MANU

MATV

MGRC

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NDSN

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NYMT

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PAAS

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PNST

PRAA

Earnings Scheduled For February 19, 2025

Rivian Automotive Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) $6.6 billion federal loan for its planned electric vehicle manufacturing plant in Georgia hangs in the balance following recent actions by the President Donald Trump administration.
What Happened: Georgia Governor Brian Kemp expressed uncertainty about the loan&#8217;s status in an interview with Channel 2 News. &#8220;They secured that loan at the tail end of the [Former President Joe] Biden administration,&#8221; Kemp said. &#8220;The Trump administration is taking a look at all those things, so I don&#8217;t really know where that stands right now,&#8221; <a href="https://electrek.co/2025/02/18/rivians-rivn-6-6-billion-georgia-ev-plant-loan-in-jeopardy/">reported</a> Electrek. 
The uncertainty stems from Trump&#8217;s January order to pause federal funding, which was rescinded within two days but has already created complications. Georgia Senator Jon Ossoff warned that the suspension &#8220;threatens chaos&#8221; for federal grants in the state.
Despite the funding concerns, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival Rivian maintains its commitment to the project. A company spokesperson emphasized their focus on &#8220;working hard to onshore U.S. manufacturing, providing thousands of American jobs here in Georgia.&#8221; The automaker has already begun hiring for construction and management positions.
See Also: <a href="https://www.benzinga.com/25/02/43802574/bitcoin-ethereum-dogecoin-slide-further-while-stocks-rally-analyst-spots-a-good-sign-for-eths-mid-term-and-long-term-price-outlooks">Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots &#8216;Good Sign&#8217; For ETH&#8217;s Mid-Term And Long-Term Price Outlooks</a>
Why It Matters: The federal loan, structured in two phases, includes $3.4 billion in initial funding followed by $2.6 billion in the second phase. The 1,744-acre facility, located 40 miles east of Atlanta, is expected to create 7,500 permanent jobs and 2,000 construction positions.
Rivian plans to manufacture its more affordable R2 and R3 electric vehicles at the new plant, with the R2 SUV starting at approximately $45,000 &#8211; roughly half the price of current Rivian models. The facility aims to achieve an annual production capacity of 400,000 EVs, with customer vehicle production scheduled to begin by the end of 2028.
While Governor Kemp affirmed his support for Rivian, he emphasized the need to protect taxpayers&#8217; interests. &#8220;We got parameters in, and whether it&#8217;s the incentives, the site itself to protect taxpayers regardless of what happens with that site,&#8221; he stated.
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<li><a href="https://www.benzinga.com/tech/25/02/43802471/apples-leaked-renders-show-iphone-17-air-and-pro-getting-unique-camera-islands-but-base-models-looks-may-disappoint-some">Apple&#8217;s Leaked Renders Show iPhone 17 Air And Pro Getting Unique Camera Islands —But Base Model&#8217;s Looks May Disappoint Some</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

RIVN

TSLA

Tesla-Rival Rivian's $6.6 Billion Federal Loan Under Scrutiny As Trump Administration Reviews Funding

This marks the entry into the Asia-Pacific region for the brand, through a development and franchise agreement between a subsidiary of the parent company, Restaurant Brands International (RBI), one of the world's largest quick service restaurant companies, and RFG. RFG is the owner of popular brands Gloria Jeans Coffees, Donut King, Brumby's Bakery, Beefy's Pies and Crust Pizza.&nbsp;

Reported Earlier, Restaurant Brands International Launches Firehouse Subs In Australia, Targeting 165 Locations In 10 Years

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 closing at a record high level during the session as investors monitored recent geopolitical developments and anticipated the release of the latest FOMC minutes on Wednesday.
Equity markets recorded gains last week, with the S&amp;P 500 gaining around 1.5% and the Dow rising 0.6%. The Nasdaq gained 2.6% during the week.
Shares of Fluor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) fell more than 8% on Tuesday after the company missed quarterly earnings and revenue estimates.
On the economic data front, the NY Empire State Manufacturing Index rose by 18.3 points to a reading of +5.7 in February, topping market estimates of -1.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, materials, and utilities stocks recording gains on Tuesday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 10 points to 44,556.34 on Tuesday. The S&amp;P 500 rose 0.24% to 6,129.58, while the Nasdaq Composite gained 0.07% at 20,041.26 during Tuesday's session.
Investors are awaiting earnings results from Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Etsy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), and Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 48.9, the index moved to the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 44.
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: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43776863/top-3-risk-off-stocks-which-could-rescue-your-portfolio-this-quarter-3">Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

S&P 500 Settles At Record High Ahead Of Fed Minutes: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone

IPOs

Reported Earlier, Anbio Biotechnology Prices $8M Initial Public Offer Of 1.6M Class A Common Shares At $5/Share, Listing On Nasdaq Under "NNNN"

The Department of Government Efficiency (DOGE) has made the use of the Treasury Access Symbol (TAS) mandatory, after finding $4.7 trillion in Federal Payments &#8216;untraceable&#8217;.
What Happened: DOGE posted on X on Tuesday that the TAS, an identification code linking a Treasury payment to a budget line item, is now a compulsory field. Previously, the TAS field was optional and frequently left blank, complicating the tracking of approximately $4.7 trillion in payments. The DOGE stated, &#8220;traceability almost impossible&#8221; for the said federal payments. 
This change is part of an initiative spearheaded by Tesla Inc CEO Elon Musk to reduce waste, fraud, and abuse within the federal government.
<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">The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process). In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost…
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1891614960452522187?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">DOGE thanked the Treasury Department for its "great work" in implementing the change and hailed it as a "major improvement in Treasury payment integrity." The Treasury Department, responsible for handling trillions of dollars in government payments each year, was among the first agencies DOGE collaborated with following President Donald Trump's inauguration. SEE ALSO: <a href="https://www.benzinga.com/general/space/25/02/43802341/elon-musk-says-spacex-created-history-by-blasting-off-a-rocket-from-one-country-and-landing-it-another-this-is-the-first-time">Elon Musk Says SpaceX Created History By Blasting Off A Rocket From One Country And Landing It Another: &#8216;This is The First Time…&#8217; </a> Why It Matters: The decision to make the TAS field mandatory is part of DOGE&#8217;s broader efforts to enhance efficiency and transparency in government operations. In a recent proposal, DOGE suggested the elimination of paper checks at the Treasury, arguing it could save taxpayers "at least $750 million per year." Additionally, in their first-ever joint interview with Fox News, Trump and Musk defended the role of DOGE in cutting government waste. Musk stated that he <a href="https://www.benzinga.com/media/25/02/43805137/elon-musk-defends-doge-initiatives-says-his-role-is-to-provide-trump-with-tech-support-if-the-bureaucracy-is-fighting-the-will-of-the-people">assumed the role</a> to cut through bureaucracy and help prevent the U.S. from facing bankruptcy. DOGE&#8217;s push for efficiency has already led to significant changes in other government departments. For instance, the acting commissioner of the Social Security Administration, Michelle King, <a href="https://www.benzinga.com/25/02/43773868/doge-demand-leads-to-resignation-of-acting-social-security-commissioner-trump-nominates-frank-bisignano-to-take-charge">stepped down following DOGE&#8217;s demands</a> for access to beneficiary data. The Social Security payments, which make up approximately $1.5 trillion or 20% of the annual federal spending in the U.S., were at the center of this disagreement. </figcaption></figure>
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of">Bill Gates Hopes Elon Musk Will Rethink Slashing USAID: Their Work Is Something &#8216;Every Taxpayer Would Be Proud Of&#8217;</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.

Politics

Elon Musk's DOGE Reports Nearly $4.7 Trillion Untraceable In Federal Payments, Makes TAS Tag Mandatory

Reported Earlier, RenaissanceRe Prices $500M Senior Notes At 5.800% Due 2035 To Support Corporate Initiatives

Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), a global semiconductor leader, today announced that its Board of Directors voted to increase its quarterly dividend by 8% to $0.99 per outstanding share of common stock, marking twenty-one consecutive years of higher dividends. Additionally, the Board of Directors authorized the company to repurchase an additional $10.0 billion of its common stock, bringing the total remaining share repurchase authorization to approximately $11.5 billion. Under the share repurchase program, the company may repurchase outstanding shares of its common stock from time to time on the open market or through privately negotiated transactions. ADI management will determine the timing and number of shares to be repurchased.

Reported Earlier, ADI Announced An 8% Dividend Hike To $0.99 Per Share And A $10B Expansion Of The Share Buyback Program

Proceeds from the offering of senior unsecured notes to be used to redeem $1.0 billion 10.500% senior unsecured notes due 2030&nbsp;

Reported Earlier, Carnival Corporation Prices $1B Debt Offering At 5.750%, Enhancing Financial Flexibility

Reported Earlier, Lead Real Estate Receives Nasdaq Delisting Notice, Plans To Appeal Decision

Alibaba Group Holding Ltd ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), a Chinese multinational technology company led by Jack Ma, saw huge inflows from U.S.-based funds during the fourth quarter. However, many Asian funds exited the company despite its progress in the artificial intelligence arena.
What Happened: As U.S. institutional investors loaded up on BABA, Asian funds did not seem to place big bets on the firm during the fourth quarter. However, these 13F filings represent the last quarter of 2024, which was ahead of the BABA&#8217;s nearly 50% year-to-date performance in 2025, propelled by the launch of its flagship AI model, Qwen2.5-Max.
As of the fourth quarter, about 1,263 holders owned 324 million shares in the company, valued at $27.4 billion.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Period</td>
<td>Filings</td>
<td>Shares, Excl. Options</td>
<td>Value, Excl. Options</td>
<td>Options Value</td>
</tr>
<tr>
<td>2024 Q4</td>
<td>1,263</td>
<td>324 M</td>
<td>$27.4 B</td>
<td>$12.1 B</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://13f.info/cusip/01609W102/2024/4/compare/2024/3">13F.info</a></figcaption></figure>
Here is a list of key changes that a few funds made in the company.
<ul>
<li>Major U.S. funds increased their stake in the company by four digits in the fourth quarter. UBS O&#8217;Connor added 193,910 shares or 7756% of BABA, increasing its value to $16.653 million as of the said quarter.</li>
</ul>
<ul>
<li>Marathon Trading Investment Management LLC and AssetMark Inc. also increased their stakes by 4826% and 3406%, respectively. Whereas U.S. Commerce Secretary Howard Lutnick&#8216;s Cantor Fitzgerald LP also bumped its stake in the Chinese company by 2504%.</li>
</ul>
<ul>
<li>Hong Kong-based funds like Trivest Advisors Ltd., Optimas Capital Ltd., and Infini Capital Management Ltd. exited BABA in the fourth quarter.</li>
</ul>
<ul>
<li>Greenwoods Asset Management Hong Kong Ltd., a fund headquartered in Shanghai, China also exited the company by selling its 246,016 shares in the fourth quarter.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Holdings (as of Sept. 30)</td>
<td>Holdings (as of Dec. 31)</td>
<td>Change (in %)</td>
<td>Value As Of Dec. 31</td>
</tr>
<tr>
<td>UBS O&#8217;Connor</td>
<td>2,500</td>
<td>196,410</td>
<td>7756%</td>
<td>$16.653 million</td>
</tr>
<tr>
<td>Marathon Trading Investment Management LLC</td>
<td>10,865</td>
<td>535,192</td>
<td>4826%</td>
<td>$45.378 million</td>
</tr>
<tr>
<td>AssetMark Inc.</td>
<td>397</td>
<td>13,917</td>
<td>3406%</td>
<td>$1.180 million</td>
</tr>
<tr>
<td>Cantor Fitzgerald LP</td>
<td>2,270</td>
<td>59,119</td>
<td>2504%</td>
<td>$5.012 million</td>
</tr>
<tr>
<td>Aspex Management (HK) Ltd</td>
<td>1,093,054</td>
<td>0</td>
<td>-100%</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Trivest Advisors Ltd</td>
<td>790,000</td>
<td>0</td>
<td>-100%</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Optimas Capital Ltd</td>
<td>204,200</td>
<td>0</td>
<td>-100%</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Infini Capital Management Ltd</td>
<td>198,050</td>
<td>0</td>
<td>-100%</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Greenwoods Asset Management Hong Kong Ltd</td>
<td>246,016</td>
<td>0</td>
<td>-100%</td>
<td>&#8211;</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://13f.info/cusip/01609W102/2024/4/compare/2024/3">13F.info</a></figcaption></figure>
See Also: <a href="https://www.benzinga.com/25/02/43805475/big-bets-on-ai-powered-precision-medicine-major-funds-from-ark-and-jpmorgan-to-blackrock-and-citadel-add-tempus-a">Tempus AI Sees Surge In Institutional Holdings In Q4: Cathie Wood&#8217;s Ark Invest, JPMorgan, And BlackRock Load Up On TEM Stock</a>
Why It Matters: Alibaba is slated to report its quarterly earnings on Thursday, before the market opens. <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> estimates the company to report earnings of $3.03 per share on the revenue of $38.82 billion in its third quarter.
Alibaba Cloud&#8217;s upgraded Qwen2.5-Max AI model <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43311376/alibaba-ups-ai-game-says-its-qwen2-5-max-beats-deepseek-and-openai-in-performance">outperformed leading open-source rivals</a> like DeepSeek V3 and Meta&#8217;s Llama 3.1 on key benchmarks, and showed comparable performance to closed-source models GPT-4 and Claude 3.5 Sonnet, according to the details revealed by the company on WeChat. 
This follows DeepSeek&#8217;s launch of its first reasoning model, DeepSeek-R1. DeepSeek&#8217;s claim of developing its model for only $5.6 million has sparked interest, contrasting with the typically high costs associated with AI development, though Alibaba Cloud hasn&#8217;t disclosed its own spending.
Price Action: BABA rose 1.74% on Tuesday and advanced further by 0.22% during after-hours trading, contrasting with a slight 0.23% uptick in the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index. Despite this recent fall, BABA remains up 49.38% on a year-to-date basis and 73.50% over a year.
<a href="https://www.benzinga.com/quote/BABA/analyst-ratings">Benzinga tracks 23 analysts</a> with an average price target of $120.55 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $85 to $155. Recent ratings from Citigroup, Barclays, and Benchmark average $128.67, suggesting a potential 1.17% downside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/BABA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19020005/BABA-ANR-1024x383.png" alt="" class="wp-image-788093" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19020005/BABA-ANR-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19020005/BABA-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19020005/BABA-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19020005/BABA-ANR.png 1062w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/02/43762416/billionaire-ray-dalios-bridgewater-trims-holdings-in-6-of-magnificent-7-stocks-amid-valuation-concerns-adds-this-automotive-stock-after-3-years">Billionaire Ray Dalio&#8217;s Bridgewater Trims Holdings In 6 Of &#8216;Magnificent 7&#8217; Stocks Amid Valuation Concerns, Adds This Automotive Stock After 3 Years</a></li>
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Photo courtesy: Shutterstock

Market Summary

BABA

Alibaba Sees Asian Funds Exiting In Q4 Even As Their US Peers UBS O'Connor, Marathon, AssetMark, And Cantor Fitzgerald Double Down

Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) today announced the pricing of its offering of $650 million aggregate principal amount of 5.200% senior notes due 2030, $1.250 billion aggregate principal amount of 5.700% senior notes due 2035 and $1.100 billion aggregate principal amount of 6.200% senior notes due 2055 (together, the "senior notes") at prices to the public of 99.796%, 99.872% and 99.398%, respectively, of their face value.
The sale of the senior notes is expected to settle on March 4, 2025, subject to the satisfaction of customary closing conditions. Energy Transfer intends to use the net proceeds of approximately $2.97 billion (before offering expenses) to refinance existing indebtedness, including to repay commercial paper and borrowings under its revolving credit facility, and for general partnership purposes.

Reported Earlier, Energy Transfer Prices $3B Senior Notes Offering, Including $650M Due 2030, $1.25B Due 2035, And $1.1B Due 2055

NMRK

Reported Earlier, Newmark Appoints Stephen Merkel As Chairman Of The Board Following Howard Lutnick's Departure

Mr. Windeatt will retain his role as Chief Operating Officer
Appointments position BGC to build upon its extraordinary performance

Reported Earlier, BGC Group Names Abularrage, Aubin, And Windeatt As Co-CEOs Following Howard Lutnick's Departure

The mission was the first of multiple launches on Electron for BlackSky and comes less than two weeks after Rocket Lab's previous Electron launch.

RKLB

Reported Earlier, Rocket Lab Successfully Launches 60th Electron, Expanding BlackSky's Next-Gen Earth-Imaging Constellation

Outlook –&nbsp;
We have announced measures to simplify the Group and we are focused on opportunities that build on our strong platform for growth.
&nbsp;– We are now targeting a mid-teens return on average tangible equity (‘RoTE') in each of the three years from 2025 to 2027 excluding notable items, while acknowledging the outlook for interest rates remains volatile and uncertain, particularly in the medium term.
&nbsp;– We expect banking NII of around $42bn in 2025. Our current expectation reflects modelling of a number of market-dependent factors. If changes in these factors impact the output of our modelling, we would update our expectation for 2025 Banking NII in future quarterly results announcements.&nbsp;
– We retain a Group-wide focus on cost discipline. We are targeting growth in target basis operating expenses of approximately 3% in 2025 compared with 2024.&nbsp;
– Our target basis operating expenses for 2025 excludes the direct cost impact of the business disposals in Canada and Argentina, notable items and the impact of retranslating the prior year results of hyperinflationary economies at constant currency.
&nbsp;– Our cost target includes the impact of simplification-related saves associated with our announced reorganisation, which aims to generate approximately $0.3bn of cost reductions in 2025, with a commitment to an annualised reduction of $1.5bn in our cost base expected by the end of 2026. To deliver these reductions, we plan to incur severance and other up-front costs of $1.8bn over 2025 and 2026, which will be classified as notable items. We are focused on opportunities where we have a clear competitive advantage and accretive returns, and we aim to redeploy around $1.5bn of additional costs from non-strategic activities into these areas, over the medium term.&nbsp;
– We expect ECL charges as a percentage of average gross loans to continue to be within our medium-term planning range of 30bps to 40bps in 2025 (including lending held for sale balances).&nbsp;
– Over the medium to long term, we continue to expect mid-single digit percentage growth for year-on-year customer lending balances. – We expect double-digit percentage average annual growth in fee and other income in Wealth over the medium-term.
&nbsp;– We intend to continue to manage the CET1 capital ratio within our medium-term target range of 14% to 14.5%, with a dividend payout ratio target basis of 50% for 2025, excluding material notable items and related impacts.&nbsp;

Guidance

HSBC 2025 Outlook: Expects NII Of Around $42B And RoTE In The Mid-Teens; Expects To Maintain the CET1 Capital Ratio Within 14% To 14.5% With Dividend Payout Ratio Target Basis Of 50%

A widely followed cryptocurrency trader highlighted the so-called "Cycle of Regret" phenomenon on Tuesday, in which traders selling Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) in the ongoing corrective phase will struggle to reenter the market at the right time.&nbsp;
What happened: Chandler, a holder of PEPE themselves, predicted that 99% of the traders cashing out of the frog-themed meme coin won't buy it back at a discount.
"They'll panic, wait for a better entry, then freeze when it dips further. And in the end? They'll FOMO back in higher than they sold," the trader 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">I&#39;m fine with someone selling <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> now if they actually buy it back lower. But the truth is, 99% of people won't. They'll panic, wait for a &quot;better&quot; entry, then freeze when it dips further. And in the end? They'll FOMO back in higher than they sold. Or they won't buy back at… <a href="https://t.co/MMJbRuLt79">pic.twitter.com/MMJbRuLt79</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1891920687343730878?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Chandler also drew attention to the possibility that those selling PEPE now won't buy it back at all and will instead wait for the next bear market for a better opportunity. They humorously described this behavior as the "Cycle of Regret."
The trader compared the indecision to that of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investors, who get stuck owing to the &#8220;It&#8217;s already too late to buy back&#8221; mindset.
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/markets/cryptocurrency/25/02/43772661/us-could-sell-its-gold-to-set-up-potential-bitcoin-reserve-says-bernstein-will-it-ignite-a-global-race-to-buy-btc">US Could Sell Its Gold To Set Up Potential Bitcoin Reserve, Says Bernstein: Will It Ignite A &#8216;Global Race&#8217; To Buy BTC?</a>
Why It Matters: Chandler has been a long-time PEPE advocate, preferring the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)&#8211;based meme coin <a href="https://in.benzinga.com/25/02/43761407/argentinas-javier-milei-faces-impeachment-for-promoting-tainted-libra-memecoin-that-pumped-and-dumpedpresidents-office-orders-inquiry">over celebrity-backed tokens</a> that have sparked controversy in recent weeks.
<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">That's why I stick with <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> and <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> — no one's trying to scam anyone here. We just have to wait out the celebrity coin hype until people learn their lesson. &#x1f438; <a href="https://t.co/yUz0eXKBLv">https://t.co/yUz0eXKBLv</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1890694397114634426?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Interestingly, PEPE's official website describes the coin as "completely useless," with no intrinsic value or roadmap for the future.
That said, the coin has built a loyal community of backers since its launch in May 2023 and was the third-biggest meme coin behind Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), touching a valuation of $3.9 billion.
In the last 24 hours, PEPE balance held by long-term holders increased by 0.21%, <a href="https://app.intotheblock.com/">according </a>to IntoTheBlock, suggesting a motive to accumulate.&nbsp;Moreover, the 41% jump in large transactions signaled increased activity from whale investors.
Price Action: At the time of writing, PEPE was exchanging hands at $0.000009328, down 1% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo by Morrowind on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43773373/hackers-pose-as-saudi-crown-prince-mohammed-bin-salman-in-crypto-con-scam-coin-crashes-58">Hackers Pose As Saudi Crown Prince Mohammed Bin Salman In Crypto Con, Scam Coin Crashes 58%</a></li>
</ul>

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$SHIB

Pepe Bull Questions Traders Selling Frog-Themed Memecoin: 'They'll FOMO Back In Higher Than They Sold'

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