Latest news for Grupo Bimbo (OTC:BMBOY) Stock

Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.

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Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. 

Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S.

EV Startup Harbinger Snags $400M in Commercial Vehicle Chassis Orders

GRUPO BIMBO SA SPNS/ADR by Grupo Bimbo S.A.B. de C.V.

Grupo Bimbo SAB de CV

On Tuesday, the United States and the United Kingdom declined to sign a global AI safety declaration at the <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43638878/intel-shares-are-up-today-whats-going-on">AI Action Summit</a> in Paris, marking a departure from previous AI summits where they had supported similar agreements.
What Happened: Around 60 countries, including China, India, and Germany, signed a non-binding declaration advocating for AI to be &#8220;safe, secure, and trustworthy,&#8221; <a href="https://www.ft.com/content/a6b5426d-645f-433b-8090-a2a26a3deec6">reported</a> the Financial Times.&nbsp;
U.S. Vice President JD Vance, speaking at the event, criticized what he called "overly precautionary" AI regulations that could stifle innovation.
&#8220;We believe that excessive regulation of the AI sector could kill a transformative industry just as it's taking off,&#8221; Vance stated.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43591228/sam-altmans-openai-set-to-finalize-in-house-ai-chip-reducing-dependence-on-nvidia-report">Sam Altman&#8217;s OpenAI Set To Finalize In-House AI Chip, Reducing Dependence On Nvidia: Report</a>
"America wants to partner with all of you…but to create that kind of trust, we need international regulatory regimes that foster the creation of AI technology rather than strangle it," he said.
He said that the Donald Trump administration would ensure &#8220;the most powerful AI systems are built in the U.S., with American-designed and manufactured chips.&#8221;
A British official suggested that the declaration's wording was "too restrictive."
Another U.K. government spokesperson stated it "didn't provide enough practical clarity on global governance, nor sufficiently address harder questions around national security," the report noted.
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: The refusal to sign the declaration highlights growing geopolitical tensions over <a href="https://www.benzinga.com/government/regulations/24/11/42144915/china-unveils-global-ai-governance-committee-with-alibaba-cloud-founder-at-the-helm">AI governance</a>.
The U.S., eager to maintain its edge over China, is focusing on AI innovation. Last month, Trump announced a <a href="https://in.benzinga.com/startups/25/02/43420092/as-easy-as-it-can-be-trump-promises-ai-giants-support-with-500b-investment-plan-how-does-it-compare-with-deepseek">$500 billion private-sector</a> AI investment package, known as the &#8220;Stargate&#8221; project, aimed at building massive data centers in Texas.
The shockwaves caused by China&#8217;s DeepSeek AI model, which delivers high-level performance at lower costs, have further fueled <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43382103/experts-say-deepseek-proves-high-performance-ai-possible-without-silicon-valleys-spending">concerns in Silicon Valley</a>.
Despite the cost-effectiveness of such models, China's industry leaders like Baidu CEO Robin Li have stressed the need for <a href="https://in.benzinga.com/markets/25/02/43616825/deepseeks-success-just-the-start-more-ai-funding-still-very-much-required-says-baidu-ceo-you-just-dont-know-when-and-where-innovations-come-from">continued investment</a> in AI infrastructure to maintain a competitive edge.
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&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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JD Vance Says 'Excessive Regulation' Could Kill The Industry As US, UK Refuse To Sign AI Safety Pact

Investment banking giant Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) loaded up more shares of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot exchange-traded funds in the fourth quarter of 2024, according to its latest 13F filing with the SEC.&nbsp;
What happened: The Wall Street giant reported a significant stake in Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), with 3.53 million shares valued at $288.01 million. Goldman Sachs bought an additional 1.8 million shares of FBTC in the fourth quarter ending Dec. 31.
Additionally, it increased its exposure to the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) to $1.27 billion after scooping up an additional 11.30 million shares of the world's largest Bitcoin fund.
Interestingly, the bank sold its entire stake in the ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>) and reduced exposure to the Grayscale Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>).
Its total Bitcoin ETF holdings rose to $1.56 billion, up from <a href="https://www.benzinga.com/24/11/42029764/global-banks-jp-morgan-goldman-sachs-add-to-bitcoin-ethere-etf-positions-in-q3-morgan-stanley-increases-microstrategy-stake-to-16b">$710 million</a> reported in the third quarter.
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/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The banking behemoth also added to its Ethereum spot ETF positions.&nbsp;
It added exposure to the iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) for the first time, buying 9.31 million shares worth $235.5 million. It reported an increased stake worth $234.69 million in Fidelity Ethereum Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FETH#BATS">FETH</a>).
Goldman Sachs' total Ethereum ETF exposure reached $476.5 million at the end of the fourth quarter, a massive increase from a little over $25 million in the previous quarter.
Price Action: Shares of Goldman Sachs closed 0.51% lower at $647.24 during Tuesday's regular trading 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 has gained 13.03%.
Photo Courtesy: Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

Fidelity Ethereum Fund Fidelity Ethereum Fund

FETH

GBTC

IBIT

Goldman Sachs Increases Bitcoin ETF Stake Over $1.5 Billion In Q4, Reports A Massive 1793% Jump In Ethereum ETF Holdings

<a href="https://www.benzinga.com/startups/25/02/43466203/warren-buffetts-127-billion-stock-sell-off-sends-wall-street-a-stark-warning-for-2025-below-average-returns-ahead">Warren Buffett</a> may be a financial mastermind, but when it comes to self-control, even he needs a little extra motivation.&nbsp;
The billionaire investor, known for his sharp decision-making and long-term strategy, had one particular weakness: junk food. Despite living off a diet that would make most nutritionists cringe—McDonald's breakfasts, Dairy Queen sundaes, and an alarming amount of Coca-Cola—Buffett feared gaining too much weight. And in true Buffett fashion, he didn't just set a goal. He made a bet.
In his official 2008 biography "The Snowball: Warren Buffett and the Business of Life" by Alice Schroeder, Buffett understood his own tendencies all too well. To keep himself accountable, Buffett handed his children unsigned checks for $10,000 each, promising to sign them if he exceeded a certain weight.&nbsp;
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The plan seemed foolproof—until his kids saw an opportunity. Instead of cheering him on, they went full Wall Street and tried to game the system. Donuts, pizza and fried food mysteriously appeared around the house, conveniently placed within Buffett's reach. His children, eager to cash in on their father's notorious frugality, became his biggest saboteurs.
For someone who <a href="https://fortune.com/well/article/warren-buffett-birthday-longevity-habits/">once told Fortune</a>, "I eat like a 6-year-old," this was no easy challenge. His daily routine included five 12-ounce Coca-Colas—"If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I do it every day," he said.&nbsp;
Trending: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
His mornings started with a McDonald's drive-thru stop, where he picked from one of three breakfast options based on how the market was performing. If Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) was up, he'd <a href="https://www.benzinga.com/personal-finance/24/10/41230382/warren-buffett-lets-the-stock-market-decide-his-mcdonalds-breakfast-order-when-its-up-he-spends-">splurge on a bacon, egg, and cheese biscuit</a>. If it was down, two sausage patties would do. Lunch often meant a Dairy Queen chili cheese dog and an ice cream sundae topped with cherry syrup and chopped nuts. And then there were the snacks: Utz potato sticks, See's Candies, and a salt intake so excessive that former Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) CEO John Stumpf once compared it to a "snowstorm."
Despite this, Buffett had a trick up his sleeve. His $10,000 bet wasn't just a quirky wager—it was a classic example of a commitment device, a concept in behavioral economics where people create consequences to hold themselves accountable for their actions. A <a href="https://www.psychologytoday.com/us/blog/predictably-irrational/200903/warren-buffett-and-his-attempts-self-control">2009 Psychology Today</a> article referencing the same weight-bet anecdote highlighted Buffett as a textbook example of a "sophisticate." Unlike "naifs," who think they'll start their diet tomorrow but never do, or "rational" thinkers, who always make optimal choices, a "sophisticate" understands their own irrationality and sets up systems to counteract it. Buffett knew that, left unchecked, he'd happily eat himself into a sugar coma. So, he made sure that failing his weight goal came at a real cost—$10,000 to his kids.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Of course, his children didn't make it easy. Instead of letting Buffett quietly stick to his goal, they turned it into an opportunity for financial gain. Junk food started appearing around the house, placed strategically to tempt him. But even against their best efforts, Buffett prevailed. The checks went unsigned, proving that even the Oracle of Omaha can outmaneuver his own cravings.
Buffett's bet was a perfect example of how he applies his investing principles to everyday life. Just like in the stock market, where he stays disciplined and avoids emotional decisions, he managed to <a href="https://www.benzinga.com/money/are-you-rich">outwit his biggest opponents</a>—his own kids and his love for junk food. Turns out, nothing tests willpower quite like a financial incentive, especially when there's $10,000 at stake. If every failed diet came with that kind of price tag, there'd probably be a lot fewer broken New Year's resolutions.
Read Next:
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<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
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Image Via Shutterstock

Billionaire Warren Buffett Bet His Kids $10,000 He Wouldn't Gain Weight —And They Tried To Cash In By Sabotaging Him With Donuts

The Future Fund LLC Managing Partner Gary Black highlighted Lyft Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) record year performance on Tuesday, sharing CEO David Risher&#8216;s announcement about serving 44 million riders across the U.S. and Canada in 2024.
What Happened: The comments came as Lyft reported strong <a href="https://www.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">fourth-quarter results</a>, with revenue reaching $1.6 billion, exceeding analyst expectations of $1.56 billion. The company achieved notable growth metrics, including a 15% year-over-year increase in gross bookings to $4.3 billion and a 10% rise in active riders to 24.7 million.
Black, whose Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) <a href="https://futurefundetf.com/fund">holds</a> positions in Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) but not in Lyft, recently addressed the future of ride-hailing platforms in the context of autonomous vehicle networks. 
He pointed to Uber&#8217;s 170 million monthly active users as a significant market advantage, comparing it to Amazon.com Inc.&#8217;s position in e-commerce with <a href="https://in.benzinga.com/markets/equities/25/02/43551087/gary-black-says-teslas-insufficiently-robust-autonomous-network-to-compete-with-ubers-170-million-users-draws-parallels-to-amazons-e-commerce-domination">its 310 million monthly active users</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Quote of the day &#8211; Lyft CEO David Risher: "2024 was a record-smashing year for Lyft. Thanks to our industry-leading service levels, we helped 44 million people across the U.S. and Canada get off their tuchuses." <a href="https://twitter.com/search?q=%24LYFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LYFT</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1889429205869531566?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/02/43646255/cathie-woods-massive-tuesday-overhaul-unloads-28-4m-in-palantir-dumps-robinhood-swoops-up-tech-giants-shopify-amd-tsmc-and-amazon">Cathie Wood&#8217;s Massive Tuesday Overhaul: Unloads $28.4M In Palantir, Dumps Robinhood, Swoops Up Tech Giants Shopify, AMD, TSMC And Amazon</a>
Why It Matters: The ride-hailing landscape continues to evolve, with multiple companies advancing their autonomous vehicle strategies. Lyft plans to launch Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) <a href="https://in.benzinga.com/25/02/43635839/lyft-rides-a-bullish-wave-ahead-of-q4-earnings-but-will-robotaxis-be-the-real-game-changer">powered robotaxis in Dallas by 2026</a>. 
Uber has partnered with Alphabet Inc.&#8216;s (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>) Waymo for driverless rides, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) aims to introduce its robotaxi service in Texas and California by 2025.
Risher emphasized the company&#8217;s focus on growth, stating, &#8220;2025 will be the year we show millions of riders and drivers: You&#8217;ve now got a better rideshare choice.&#8221; The company recently authorized a $500 million share repurchase program and reported $759.32 million in cash and cash equivalents at <a href="https://www.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">the quarter&#8217;s end</a>.
Lyft&#8217;s <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">consensus price target</a> is $17.84 from 36 analysts, with a high of $26 and a low of $10. The latest ratings from BofA Securities and UBS average $18.67, implying a 45.83% upside. 
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Price Action: Lyft stock closed at $14.39 on Tuesday, down 4.83%, with an 11.05% after-hours drop. Over the past year, shares have risen 16.05%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Gary Black Takes Stock Of Lyft's Record Year With 44 Million Riders As Company Plans Mobileye Robotaxis By 2026

World Liberty Financial, a cryptocurrency project backed by President Donald Trump, announced a strategic token reserve Tuesday to &#8220;bolster&#8221; projects like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What Happened: World Liberty Financial took to X to reveal the so-called &#8220;Macro Strategy,&#8221; meant to serve&nbsp;as a &#8220;robust financial backbone&#8221;&nbsp;for its decentralized finance project.
The reserve aims to mitigate market volatility by diversifying&nbsp;holdings across&nbsp;tokenized assets. Additionally, the asset pool would enable World Liberty Financial to invest in &#8220;innovative&#8221; projects and support ecosystem development.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dear WLFI Community, We are thrilled to announce a transformative initiative that marks a significant milestone in our journey together. World Liberty Financial (WLFI) is proud to unveil the Macro Strategy, our strategic token reserve designed to bolster leading projects like…
&mdash; WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1889429781512409346?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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The platform stated that it was working with financial institutions to receive tokenized assets, which would be stored in its publicly accessible wallet. 
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/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: This announcement comes amid World Liberty Financial&#8217;s strategic purchases of several DeFi-linked coins to build its platform. 
The platform swapped $5 million in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) for Ethereum on Tuesday, taking its overall ETH holdings to $48.39 million, <a href="https://platform.spotonchain.ai/en/entity/2361">according</a> to Spotonchain. Its stockpile also consisted of $9 million in Wrapped Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBTC</a>) and $9.8 million in Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) as of this writing, along with holdings in Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) and Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>).
The project was launched last year to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know" target="_blank" rel="noreferrer noopener">allow users to borrow</a>, lend, and earn interest on funds through the DeFi route. The&nbsp;WLFI&nbsp;token would serve as the platform's governance token.
The project was <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40722435/trumps-crypto-project-vows-to-bolster-us-financial-dominance-with-dollar-pegged-stablecoin" target="_blank" rel="noreferrer noopener">aggressively promoted</a> by Trump and his family, and a firm associated with the President-elect, DT Marks DEFI, LLC, stands to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41395007/trump-affiliated-entity-will-get-75-of-world-liberty-financials-revenue-and-22-of-wlfi-tok" target="_blank" rel="noreferrer noopener">receive 75% of the protocol revenue</a>.
Photo Courtesy: Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
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$AAVE

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Trump-Backed World Liberty Financial Unveils Strategic Token Reserve To 'Bolster' Bitcoin, Ethereum — Scoops Up Another $5 Million In ETH

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is riding a <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43622437/meta-outperforms-magnificent-7-as-16-day-streak-puts-bulls-in-control">16-day win streak thanks</a> to its aggressive AI initiatives, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) struggles <a href="https://in.benzinga.com/economics/macro-economic-events/25/02/43635364/us-stocks-dip-as-powell-stays-cautious-intel-climbs-tesla-sinks-to-11-week-low">with EV headwinds</a>—yet Wedbush analyst Dan Ives remains optimistic about Elon Musk's long-term robotics and AI strategy.
What Happened: On Tuesday, while appearing on a CNBC segment, Ives highlighted Meta's AI-driven monetization strategy.
"It's about monetizing those three and a half billion DAUs," he said, adding that AI innovations "could be an incremental $100 per share" for Meta as the company ramps up its efforts.
Tesla has faced <a href="https://in.benzinga.com/25/02/43591152/tariffs-trade-wars-teslas-dilemma-is-the-ev-boom-hitting-a-roadblock">challenges in the EV sector</a>, he said but Ives believes its future lies beyond just cars. "It's about autonomous. It's about ultimate robotics. That's really the future. That's why we're bullish on Tesla," he stated.
Meta and Tesla stock performance in the last 16 days:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stock</td>
<td>Jan. 27, 2025 Price</td>
<td>Feb. 11, 2025 Price</td>
<td>Percentage Change</td>
</tr>
<tr>
<td>Meta</td>
<td>$659.88</td>
<td>$719.80</td>
<td>+9.08%</td>
</tr>
<tr>
<td>Tesla</td>
<td>$397.15</td>
<td>$328.50</td>
<td>-17.29%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/tech/25/02/43582884/elon-musks-spacex-and-t-mobile-go-live-with-starlink-powered-satellite-to-cell-service-heres-how-much-it-will-cost">Elon Musk&#8217;s SpaceX And T-Mobile Go Live With Starlink-Powered Satellite-To-Cell Service: Here&#8217;s How Much It Will Cost</a>
Ives also addressed concerns about AI infrastructure spending and the <a href="https://in.benzinga.com/government/regulations/25/01/43401844/taiwan-bans-deepseek-ai-over-security-concerns-joins-global-scrutiny-of-chinese-tech">role of China's</a> DeepSeek. He discussed the impact of the Jevons Paradox on AI infrastructure investment, suggesting that as costs decrease, investment will rise.
However, he said that the software aspect is where significant growth is expected, with companies like Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) poised to benefit.
<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">We believe Meta is in a very strong position to further monetize AI over the coming years as Zuck drives the vision and puts massive cap-ex behind this AI initiative in 2025 <a href="https://twitter.com/CNBCWEX?ref_src=twsrc%5Etfw">@CNBCWEX</a> <a href="https://twitter.com/FrankCNBC?ref_src=twsrc%5Etfw">@FrankCNBC</a> &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f4fa;&#x1f447; <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> <a href="https://t.co/DmU2qc3ag8">https://t.co/DmU2qc3ag8</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1889294401362387207?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Companies like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta, and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) are investing a record <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43564458/big-techs-2025-ai-bill-is-320-billion-and-counting-can-investors-stomach-it">$320 billion in AI infrastructure</a> this year.
This is a significant increase from $246 billion in 2024.
Amazon plans to invest <a href="https://in.benzinga.com/markets/25/02/43550696/amazon-to-pour-nearly-100-billion-into-ai-in-2025-surpassing-microsoft-and-alphabet-andy-jassy-says-cost-of-inference-will-meaningfully-come-down-amid-deepseek-worries">over $100 billion</a>, while Microsoft and Alphabet each aim for $80 billion. Meta follows with more than $60 billion for AI.
Wall Street doubts Big Tech's spending spree. China's DeepSeek also <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/01/43340327/meta-vs-microsoft-can-their-ai-infrastructure-plans-hold-up-against-deepseek">shook the market</a> with a cheap, high-performance AI model. Investors fear falling AI costs could undercut Big Tech's massive bets.
Price Action: Meta&#8217;s stock edged up 0.011% to $719.88 in after-hours trading after closing at $719.80 on Tuesday, gaining 0.33%. Tesla&#8217;s stock dipped 0.53% to $326.75 after hours, following a 6.34% drop to $328.50 at Tuesday's close, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://in.benzinga.com/media/25/02/43646042/elon-musks-97-4-billion-openai-takeover-bid-reportedly-not-received-by-chatgpt-parent-another-one-of-his-tactics-says-sam-altman">Elon Musk&#8217;s $97.4 Billion OpenAI Takeover Bid Reportedly Not Received By ChatGPT Parent: &#8216;Another One Of His Tactics,&#8217; Says Sam Altman</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.

MSFT

PLTR

Meta's AI Push Could Add $100 Per Share While Tesla Faces EV Headwinds: Top Analyst

U.S. stock markets were mixed on Tuesday as Federal Reserve Chair Jerome Powell indicated <a href="https://in.benzinga.com/economics/macro-economic-events/25/02/43628752/feds-powell-reiterates-no-hurry-to-cut-interest-rates-as-inflation-remains-somewhat-elevated">no immediate plans</a> to reduce interest rates. The S&amp;P 500 ended the day marginally higher by 0.03% at 6,068.50, while the Nasdaq 100 saw a 0.4% decline to 19,643.86. The Dow Jones Industrial Index managed to rise 0.3% for the day and closed at 44,593.65.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro Computer shares fell by 9.47%, closing at $38.61. The stock reached an intraday high of $42.39 and a low of $38.42, with a 52-week range between $122.9 and $17.25. The company recently <a href="https://in.benzinga.com/news/earnings/25/02/43641646/super-micro-reports-preliminary-q2-earnings-company-expects-file-delayed-reports-coming-weeks">released preliminary second-quarter earnings</a>, projecting revenue between $5.6 billion and $5.7 billion. Adjusted earnings per share are expected to be between 58 and 60 cents.
Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>)
Upstart Holdings saw a decline of 5.07%, closing at $67.34. The stock&#8217;s intraday high was $70.5, and the low was $66.76, with a 52-week range of $88.94 to $20.6. The company reported <a href="https://in.benzinga.com/25/02/43641265/upstart-q4">strong fourth-quarter earnings</a>, with a profit of 26 cents per share, surpassing expectations of a 4-cent loss. Revenue reached $218.96 million, exceeding the $182.18 million estimate.
Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)
Lyft shares decreased by 4.83%, ending the day at $14.39. The stock&#8217;s high and low were $15.35 and $14.2, respectively, with a 52-week range of $20.82 to $8.93. The company reported <a href="https://in.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">fourth-quarter revenue</a> of $1.6 billion, surpassing analyst expectations of $1.56 billion. Net income reached $61.7 million, a significant improvement from the previous year&#8217;s loss. 
DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>)
DoorDash experienced a slight increase of 0.24%, closing at $193.09. The stock&#8217;s intraday high was $194, and the low was $189.5, with a 52-week range of $199.17 to $99.32. The company reported fourth-quarter earnings of 33 cents per share, <a href="https://in.benzinga.com/general/restaurants/25/02/43641832/doordash-shares-climb-after-solid-q4-results-total-orders-grew-19-gov-increased-21">matching analyst estimates</a>. Revenue came in at $2.87 billion, slightly above the $2.84 billion estimate. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares dropped by 6.34%, closing at $328.5. The stock&#8217;s intraday high and low were $349.37 and $325.1, respectively, with a 52-week range of $488.54 to $138.8. The decline followed news that competitor BYD Co. plans to <a href="https://in.benzinga.com/news/global/25/02/43636959/tesla-stock-is-tumbling-tuesday-whats-driving-the-action">incorporate self-driving technology</a> in its vehicles. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43646255/cathie-woods-massive-tuesday-overhaul-unloads-28-4m-in-palantir-dumps-robinhood-swoops-up-tech-giants-shopify-amd-tsmc-and-amazon">Cathie Wood&#8217;s Massive Tuesday Overhaul: Unloads $28.4M In Palantir, Dumps Robinhood, Swoops Up Tech Giants Shopify, AMD, TSMC And Amazon</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

DASH

SMCI

UPST

Super Micro Computer, Upstart, Lyft, Doordash, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wedbush Securities analyst Dan Ives predicts Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) could emerge as a dominant force in the artificial intelligence software landscape, comparing it to industry giants Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
What Happened: In a CNBC interview <a href="https://www.youtube.com/watch?v=IjS1KOIuy_0">on</a> Tuesday, Ives highlighted the multiplier effect of AI infrastructure spending, noting that &#8220;for every dollar spent on Nvidia chip, there&#8217;s an 8 to $10 multiplier across tech, across the ecosystem software.&#8221; He emphasized that this trend is particularly evident in companies like Palantir and Salesforce.
The analyst&#8217;s bullish stance on Palantir comes amid the company&#8217;s remarkable stock performance, with shares up nearly 350% over the past year. The AI software firm recently reported strong fourth-quarter results, with revenue reaching $827.52 million, exceeding analyst expectations of $775.91 million.
Ives pointed to Jevons Paradox &#8211; an economic theory suggesting increased efficiency leads to higher demand &#8211; as a key driver of AI software adoption. &#8220;This is the software age that&#8217;s now starting to take place,&#8221; Ives stated, predicting &#8220;a massive spending wave in 2025.
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43641962/lyft-q4-earnings-revenue-beat-gross-bookings-up-15-new-buyback-our-biggest-competition-is-inertia">Lyft Q4 Earnings: Revenue Beat, Gross Bookings Up 15%, New Buyback — &#8216;Our Biggest Competition Is Inertia&#8217;</a>
Why It Matters: The optimistic outlook aligns with Palantir CEO Alex Karp&#8216;s <a href="https://www.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">recent shareholder letter</a>, where he described the current period as &#8220;the beginning of the first act of a revolution.&#8221; The company&#8217;s growth is particularly strong in U.S. operations, with commercial revenue up 64% year-over-year to $214 million.
Despite Palantir&#8217;s high valuation metrics, including a price-to-earnings ratio of 613.95 and market capitalization of $258 billion, former hedge fund manager Martin Shkreli projects the company&#8217;s cash flow from operations to reach $1.8 billion in 2025 and $2.7 billion by 2026, suggesting potential <a href="https://www.benzinga.com/markets/equities/25/02/43485885/pharma-bro-martin-shkreli-defends-palantirs-valuation-amid-24-surge-says-ai-firms-cash-flow-justifies-expensive-price">justification for the premium valuation</a>.
The stock&#8217;s <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">consensus price target</a> stands at $65.50, based on 23 analyst ratings. The highest target is $125, while the lowest is $7.50. The most recent ratings from Citigroup, RBC Capital, and UBS suggest an average price target of $85, implying a 24.95% downside from current levels. 
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11210050/Screenshot-2025-02-12-at-7.30.01%E2%80%AFAM-1024x374.png" alt="" class="wp-image-777566" style="width:686px;height:auto" /></figure>
Price Action: Palantir stock has surged 340% in 2024, trading within a 52-week range of $20.33 to $116.76. It closed at $112.62 on Tuesday, down 3.45%, with a slight 0.56% after-hours recovery, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43641265/upstart-q4">Upstart Shares Soar After Solid Q4 Report, Strong Q1 Guidance</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.

ORCL

Dan Ives Says Palantir Could Be Next Oracle Or Salesforce As AI Boom Drives Massive Software Spending, Highlights 8-10x Multiplier Effect

On Tuesday, Cathie Wood-led Ark Invest executed several significant trades, including the sale of shares in Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). Ark purchased shares of Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The Palantir Trade saw Ark Invest selling 252,261 shares of Palantir through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). This sale is valued at approximately $28.4 million based on the latest closing price of $112.62.
The company&#8217;s strong fourth-quarter earnings report revealed revenue of $827.52 million, surpassing analyst expectations. Adjusted earnings per share also exceeded forecasts, contributing to the stock&#8217;s upward momentum. 
Earlier on Monday, Ark sold <a href="https://www.benzinga.com/25/02/43613535/cathie-wood-dumps-16-million-worth-of-palantir-stock-after-record-highs">almost $16 million </a>worth of Palantir shares after the stock hit record highs.
The Robinhood Trade involved Ark&#8217;s sale of 79,267 Robinhood shares via ARKW, as the company prepares for its fourth-quarter earnings report. Analysts anticipate a <a href="https://in.benzinga.com/25/02/43641644/robinhood-q4-earnings-preview-can-company-rebound-from-q3-miss-key-items-to-watch">significant revenue increase</a> compared to the previous year. Ark&#8217;s engagement with Robinhood suggests an optimistic outlook on the company&#8217;s potential rebound. 
The Shopify Trade involved Ark Invest&#8217;s purchase of 24,442 shares in Shopify through ARKW following the company&#8217;s robust fourth-quarter earnings. The trade was valued at $3.92 million, based on the stock&#8217;s closing price of $123.59 on Tuesday. 
Shopify reported a 31% year-over-year <a href="https://in.benzinga.com/news/earnings/25/02/43622684/shopify-q4-earnings-31-revenue-surge-free-cash-flow-growth-gmv-hits-94-5-billion">revenue increase</a> in the fourth quarter, reaching $2.81 billion, which exceeded analyst expectations. This marked the seventh consecutive quarter of over 25% revenue growth. 
The AMD Trade saw Ark Invest engaging with AMD, despite recent challenges. AMD&#8217;s shares experienced a decline after the company guided a 7% drop in first-quarter data center revenue. The fourth-quarter earnings report revealed <a href="https://in.benzinga.com/news/earnings/25/02/43502339/amd-shares-drop-after-ceo-guides-q1-data-center-revenue-down-7">data center revenues below expectations</a>, impacting investor sentiment. 
Ark bought 11,711 AMD shares via ARKW. The transaction was valued at $1.3 million. AMD shares ended Tuesday at $111.10.
The TSMC Trade saw Ark picking up 4,417 shares of the chipmaker through ARKW amid plans for a <a href="https://www.benzinga.com/government/regulations/25/02/43432143/taiwan-semiconductor-plans-massive-1nm-fab-25-in-taiwan-boosting-advanced-chipmaking-capacity">new 1nm fabrication facility</a> in Taiwan. The trade was valued at $922,004. For the day TSMC shares closed at $208.74.This expansion aims to boost advanced chipmaking capacity, positioning TSM for future growth. The strategic move aligns with global demand for semiconductor advancements. 
The Amazon Trade involved ARKF fund acquiring 19,726 shares of Amazon. With Amazon&#8217;s stock closing at $232.76, this purchase translates to an investment of approximately $4.59 million. This move aligns with recent analyst predictions, including those from <a href="https://www.benzinga.com/25/02/43472744/amazon-poised-for-strong-q4-with-aws-growth-and-north-america-retail-margin-expansion-says-bofa">BofA Securities</a>, which foresee Amazon&#8217;s strong performance in the fourth quarter, driven by AWS growth and improved retail margins in North America. The analyst maintained a Buy rating with a target price of $255, reflecting confidence in Amazon&#8217;s future potential.
Other Key Trades:
<ul>
<li>Sold 660,520 shares of Accolade Inc through ARKG.</li>
<li>Bought 44,653 shares of Illumina Inc through ARKK and 7,780 shares through ARKG.</li>
<li>Sold 517,713 shares of UiPath Inc through ARKK, 218,747 shares through ARKW and 41,189 shares through ARKW.</li>
<li>Bought 77,582 shares of PagerDuty Inc through ARKK and 22,632 through ARKW.</li>
</ul>
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/startups/25/02/43644403/elon-musk-you-cant-stop-the-advent-of-electric-cars-says-ev-success-is-as-inevitable-as-cars-replacing-horses">Elon Musk: &#8216;You Can&#8217;t Stop The Advent Of Electric Cars&#8217;—Says EV Success Is As Inevitable As Cars Replacing Horses</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKF

ARKK

ARKW

HOOD

SHOP

Cathie Wood's Massive Tuesday Overhaul: Unloads $28.4M In Palantir, Dumps Robinhood, Swoops Up Tech Giants Shopify, AMD, TSMC And Amazon

Leading cryptocurrencies dipped on Tuesday even as Federal Reserve Chair Jerome Powell made remarks seen as favorable for the industry during a Senate hearing.&nbsp;
<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>-1.92%</td>
<td>$96,012.26</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>-3.34%</td>
<td>$2,607.85</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.87%</td>
<td>$0.2531</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin started to slide in the morning hours and hit an intraday low of $94,875.04 before recovering to $96,000 late evening.
Ethereum fell back to the $2,600 zone a day after breaching $2,700. The two leading assets were down 2.61% and 5.19%, respectively, over the week.
In a significant development, Fed Chair Powell assured to "take a fresh look" at debanking, which the cryptocurrency industry had <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43477333/crypto-czar-sacks-says-potential-bitcoin-reserve-to-be-one-of-crypto-committees-first-priorities">complained</a> about during the previous administration.
Powell also stated that the Fed won't develop a central bank digital currency under his watch during his testimony before the Senate Banking Committee.
Meanwhile, cryptocurrency liquidations reached $228 million over the last 24 hours, with long liquidations accounting for $154 million.
Bitcoin's Open Interest rose by 1.49% in the last 24 hours. A rise in Open Interest, coming alongside a price drop, indicated the opening of new short positions.
That said, the number of traders betting on Bitcoin's price increase was still higher than targeting price declines, according to the Long/Short ratio.
Market sentiment returned to the "Fear" zone, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<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>Virtuals Protocol (VIRTUALS)</td>
<td>+6.57%</td>
<td>$1.32</td>
</tr>
<tr>
<td>Cardano (ADA)</td>
<td>+5.60%</td>
<td>$0.7785</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>+3.90%</td>
<td>$410.60</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.15 trillion, declining by 1.68% in the last 24 hours.
Stocks were a mixed bag on Tuesday. The Dow Jones Industrial Average rose 123.24 points, or 0.28%, to close at 44,593.65. The S&amp;P 500 eked out a narrow gain of 0.03%, ending at 6,068.50. The tech-heavy Nasdaq Composite, on the other hand, fell 0.36% to close at 19,643.86.
Investors parsed comments from Powell that the Fed <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43635364/us-stocks-dip-as-powell-stays-cautious-intel-climbs-tesla-sinks-to-11-week-low">was not in a hurry to lower interest rates</a>.
The focus now shifts to the crucial <a href="https://www.benzinga.com/25/02/43627524/economists-betting-markets-predict-benign-january-inflation-what-could-go-wrong-this-time">consumer price index report</a>, slated for release on Wednesday.&nbsp;
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Analyst Notes: Popular cryptocurrency analyst and trader Ali Martinez noted Bitcoin's accumulation trend score was close to zero, indicating that the apex digital asset was undergoing consolidation.
"A shift in demand here could set the stage for the next big move," the analyst predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> accumulation trend score is near zero, signaling a period of consolidation. A shift in demand here could set the stage for the next big move! <a href="https://t.co/0nSIt1qKY8">pic.twitter.com/0nSIt1qKY8</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1889449586843902273?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed analyst, Rekt Capital, stated that Bitcoin needs a daily close above $97,700 or reclaim the level as support to justify a bullish move toward $101,000.
<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 continues to enjoy price stability at the blue diagonal trendline support which is a positive However, BTC needs a Daily Close above ~$97700 (light blue) and/or reclaim said level as support to build on its momentum towards $101k (black)<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/LdmHPHoyuv">https://t.co/LdmHPHoyuv</a> <a href="https://t.co/zU7GvOudp3">pic.twitter.com/zU7GvOudp3</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1889287102384185538?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
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Movers

$DOGE

Bitcoin, Ethereum, Dogecoin Dip Even As Fed Chair Powell Says No To CBDC: Analyst Says BTC Under Consolidation But 'Next Big Move' Likely

OpenAI's board has not officially received Elon Musk's <a href="https://in.benzinga.com/25/02/43609104/elon-musk-co-founded-openai-now-hes-bidding-974b-to-take-back-the-company">$97.4 billion takeover bid</a>, despite claims from the Tesla CEO's legal team that the offer was sent.
What Happened: Musk earlier this week announced a bid to acquire the company. However, a source familiar with the situation told Reuters that OpenAI's board has not received any formal proposal.
Musk's attorney, Marc Toberoff told the publication that a four-page Letter of Intent outlining the bid was emailed to OpenAI's legal representatives at Wachtell, Lipton, Rosen &amp; Katz.
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&#8220;Whether Sam Altman chose to provide or withhold this from OpenAI&#8217;s other Board members is outside of our control,&#8221; he said.
At an AI summit in Paris, OpenAI CEO Sam Altman dismissed Musk's attempt outright, saying, "I have nothing to say. I mean, it&#8217;s ridiculous."
Adding, "The company is not for sale. It's another one of his tactics to try to mess with us."
Internally on Monday, Altman said that though the board had not formally reviewed the offer, it intends to reject it.
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: Musk, who co-founded OpenAI alongside Altman and others, left the company in 2018 due to disagreements over its direction.
Now, as OpenAI transitions to a for-profit model, Musk&#8217;s bid is seen by some, including Altman, as an attempt to &#8220;<a href="https://in.benzinga.com/markets/equities/25/02/43622400/sam-altman-says-elon-musks-97b-bid-for-openai-is-a-move-to-slow-down-a-competitor">slow down a competitor</a>.&#8221;&nbsp;
The Tesla CEO co-founded and currently leads OpenAI rival, xAI. It was valued at $50 billion in November 2024. Meanwhile, ChatGPT-parent is reportedly <a href="https://in.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">raising $40 billion</a> valuing it at $300 billion.
Photo courtesy: Shutterstock
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Elon Musk's $97.4 Billion OpenAI Takeover Bid Reportedly Not Received By ChatGPT Parent: 'Another One Of His Tactics,' Says Sam Altman

President Donald Trump's <a href="https://www.benzinga.com/news/25/02/43527354/elon-musks-expanding-government-role-far-beyond-appropriate-gop-senator-warns">decision to freeze the U.S. Agency for International Development's $40 billion budget</a> is drawing praise from authoritarian leaders who have long sought to silence independent media in their countries.
&#8220;[Russian President Vladimir] Putin has been trying to kill independent media for God knows how many years now. Ironically the country that has this free speech is now about to give it the death blow,&#8221; Derk Sauer, founder of the online newspaper Moscow Times, <a href="https://www.ft.com/content/10b6a51f-35d4-4f17-86ff-15bc9751f73d">told the Financial Times last week</a>.
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The freeze halts $268 million allocated by Congress for &#8220;independent media and the free flow of information&#8221; globally, according to Reporters Without Borders. The impact spans from Eastern Europe to Latin America, with many independent outlets facing immediate funding crises, the Financial Times reported.&nbsp;
Russian officials celebrated the move. Dmitry Medvedev, deputy chair of the Russian security council, praised the &#8220;smart move to plug USAID&#8217;s deep throat,&#8221; while Hungarian government officials called the freeze &#8220;refreshing,&#8221; according to the Financial Times..
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The cuts threaten critical investigative journalism networks. The Organized Crime and Corruption Reporting Project, known for investigations like the Panama Papers, told the Financial Times it will lose over a quarter of its budget. &#8220;The short-term impact is really brutal. Like others, we are trying to find alternative sources of funding. Many will find it difficult to survive,&#8221; Paul Radu, OCCRP co-founder, told the newspaper.&nbsp;
In Belarus, at least six independent news outlets in exile reported complete funding cessation. Ukrainian media, heavily dependent on U.S. grants, face similar risks. Russia&#8217;s Meduza, a major independent outlet, called an emergency board meeting to discuss its future, the Financial Times reported.&nbsp;
Trump amplified conspiracy theories about the program on Truth Social, falsely claiming billions were &#8220;stollen&#8221; [sic] by mainstream media as &#8220;payoffs.&#8221; While the U.S. government purchases media subscriptions, it does not directly fund major Western news organizations.
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For exiled journalists, the impact is immediate. In New York, Russian journalists studying on USAID grants expect to lose housing and living stipends next week. &#8220;First, you get expelled by Putin. Then this,&#8221; one journalist told the Financial Times, requesting anonymity due to ongoing funding negotiations.
A U.S. official suggested some funding might resume after the 90-day review, but media observers warn many outlets cannot survive the gap. &#8220;We&#8217;ve been told to stop working, we cannot spend any money, there is no cash coming in,&#8221; one Balkans-based official said to the Financial Times.
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'Putin Has Been Trying To Kill Independent Media For Years'—Now Trump Is Helping

Social Security is one of the most critical safety nets for retirees in the U.S., but it <a href="https://www.benzinga.com/personal-finance/24/05/38943129/social-security-fears-go-viral-should-you-claim-early-like-dave-ramsey-says">faces a funding shortfall</a> that could result in benefit cuts within the next decade. While some argue for raising the retirement age or reducing payouts, labor economist Teresa Ghilarducci believes the real solution is increasing revenue.
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Ghilarducci, a professor of economics at The New School, suggests that requiring the wealthiest Americans to contribute more to Social Security could significantly reduce the deficit. &#8220;If <a href="https://www.benzinga.com/news/25/01/42821537/15-minutes-into-2025-elon-musk-was-done-with-social-security-tax-meanwhile-94-of-americans-take-the-entire-year">Elon Musk paid for Social Security</a> just on his salary for the entire year and some of his capital gains were taxed to fund Social Security, just one person, it would save 1/20 of the deficit in Social Security,&#8221; she said in a 2024 Bloomberg <a href="https://www.youtube.com/watch?v=ok9gzE5-8wk">interview</a>. &#8220;Imagine broadening that out to maybe 20,000 other people.&#8221;
<h2 class="wp-block-heading">Public Support for Higher Taxes on the Wealthy</h2>
A recent <a href="https://www.nasi.org/wp-content/uploads/2025/01/NASI_SocialSecurityat90.pdf">survey</a> from multiple organizations, including AARP and the U.S. Chamber of Commerce, found that most Americans support tax increases to maintain Social Security benefits. Eighty-five percent of respondents said they would rather see taxes increase than their benefits cut.
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The most popular proposal? <a href="https://www.benzinga.com/personal-finance/24/11/42217382/bernie-sanders-demands-scrap-the-cap-on-social-security-taxes-its-absurd-a-billionaire-pays-same-amount-as-middle-class-earners">Eliminating the payroll tax cap</a> for earnings above $400,000. Currently, Social Security taxes only apply to income up to $176,100 in 2025, meaning high earners stop contributing after that threshold. Raising or removing the cap would require top earners to pay more and increase their eventual benefits.
Another widely supported measure is gradually increasing the payroll tax rate from 6.2% to 7.2% for both workers and employers. The incremental change would generate more funding without significantly burdening middle-class Americans.
<h2 class="wp-block-heading">The Myth of Working Longer as a Solution</h2>
While some believe people should work longer to improve retirement security, Ghilarducci strongly disagrees. &#8220;Not everyone is living longer,&#8221; she explained. While wealthier Americans in white-collar jobs often have longer life expectancies, many blue-collar and service workers face declining health due to physically demanding work, stress, and economic hardship. &#8220;A lot of jobs that aren&#8217;t blue-collar have become pink-collar … requiring a lot of heavy lifting, stooping and bending. Those jobs break bodies down,&#8221; she said.
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<h2 class="wp-block-heading">A New Retirement Plan for Millions</h2>
Ghilarducci also backs a national retirement savings plan that would automatically enroll workers who don&#8217;t have access to employer-sponsored pensions. The Retirement Savings for Americans Act would create a government-administered pension plan with mandatory contributions. Workers earning below the median income would receive a 5% government match, helping them build long-term savings.
She argues that this model, which resembles pension systems in other developed nations, is far superior to the current 401(k) system, which she calls a &#8220;mistake.&#8221; &#8220;<a href="https://www.benzinga.com/content/43571028/inflation-proof-your-retirement-why-401-k-s-may-fall-short-and-what-to-do-instead">The 401(k) system was a mistake</a> if it was meant to be the retirement system for all Americans. It was meant to supplement SS and pensions.&#8221;
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Image via Shutterstock

Labor Economist Says Musk Paying Full Annual Social Security Taxes Would Cut The Deficit By 1/20 – 'Imagine Expanding That To 20,000 Others'

French President Emmanuel Macron has rejected the proposal by President Donald Trump to convert Gaza into a real estate project. Macron emphasized the need for respect for Palestinians and their Arab neighbors.
What Happened: Macron, in a CNN <a href="https://edition.cnn.com/2025/02/11/europe/macron-trump-gaza-real-estate-intl/index.html">interview</a>, stressed that the Gaza issue requires a political solution rather than a real estate one. He criticized the idea of displacing 2 million Gazans, stating, &#8220;You cannot say to 2 million people, &#8216;okay, now guess what? You will move.'&#8221;
&#8220;The right answer is not a real estate operation, this is a political operation,&#8221; said the French president.
Trump&#8217;s proposal, which has sparked controversy, involves relocating Palestinians from Gaza to Egypt and Jordan, while the U.S. takes long-term ownership of the enclave. He envisions transforming Gaza into a &#8220;Middle Eastern Riviera.&#8221;
Macron has consistently disagreed with Israeli Prime Minister Benjamin Netanyahu over Israel&#8217;s military operations in Gaza and Lebanon. In October 2024, France suspended arms exports to the Israel Defense Forces, urging other nations to follow suit.
Macron&#8217;s comments come amid a wave of international criticism, including from the United Nations and Spain, against Trump&#8217;s plans. The proposal has also sparked plans for redevelopment of Gaza by far-right settler groups in Israel, which would be illegal under international law.
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Why It Matters: Trump&#8217;s proposal to &#8220;take over the Gaza Strip,&#8221; level it, and rebuild the area after Palestinians are sent elsewhere has been <a href="https://in.benzinga.com/news/25/02/43503385/trumps-gaza-plan-for-seaside-resort-faces-global-pushback">widely rejected</a> by world leaders. They argue that moving nearly 2 million Palestinians from Gaza is tantamount to ethnic cleansing.
Arab foreign ministers have also&nbsp;<a href="https://www.benzinga.com/markets/equities/25/02/43420541/arab-nations-reject-trumps-controversial-gaza-plan-heres-why">rejected</a>&nbsp;Trump's suggestion to transfer&nbsp;Palestinians from Gaza to neighboring&nbsp;Egypt and Jordan, calling it a destabilizing move that would threaten peace in the region.
Despite the global pushback, Trump, in a White House meeting with Jordan's King Abdullah, reiterated his threat that the U.S. will take control of the Gaza Strip and move the Palestinians living there to either Jordan or Egypt or somewhere else, as <a href="https://in.benzinga.com/news/25/02/43637482/trump-gaza-cherish-it-white-house-meeting-with-jordans-king-abdullah">reported</a>.
Photo by Frederic Legrand &#8211; COMEO on Shutterstock
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General

Emmanuel Macron Rejects Trump's Plan Of Turning Gaza Into A Resort: 'The Right Answer Is Not A Real Estate Operation'

Anthropic, a leading AI company <a href="https://www.benzinga.com/24/11/42141911/amazon-and-anthropic-deepen-4-billion-ai-partnership-with-claude-35-launch">backed by Amazon</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NYSE">AMZN</a>) and <a href="https://www.benzinga.com/government/24/10/41528255/googles-2b-investment-in-anthropic-under-scrutiny-uk-opens-competition-inquiry">Google</a>, is reportedly having a seemingly contradictory stance on artificial intelligence. While the company actively promotes AI use in the workplace and develops AI-driven hiring tools, it has a strict rule for job seekers: do not use AI when applying for their positions.
<h2 class="wp-block-heading">The Double Standard</h2>
As an individual noticed and Futurism reported on, Anthropic's job application form explicitly states:
&#8220;While we encourage people to use AI systems during their role to help them work faster and more effectively, please do not use AI assistants during the application process. We want to understand your personal interest in Anthropic without mediation through an AI system, and we also want to evaluate your non-AI-assisted communication skills.&#8221;
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The company profits from AI-powered hiring processes yet restricts candidates from using the same tools to improve their chances in an increasingly competitive job market. Meanwhile, AI is being widely adopted across hiring processes, with 98.4% of Fortune 500 companies using AI to filter applications and 43% of companies either using or planning to use AI for interviews, according to Jobscan.&nbsp;
<h2 class="wp-block-heading">Anthropic's AI Ambitions</h2>
Anthropic is at the forefront of AI development, <a href="https://www.benzinga.com/news/24/06/39426605/google-amazon-backed-openai-rival-anthropic-unveils-claude-3-5-sonnet-its-most-powerful-ai-yet">competing with OpenAI</a> and other major players. The company recently saw its annualized revenue surge to $1 billion, a tenfold increase from the previous year. It is also reportedly <a href="https://www.benzinga.com/25/01/43127416/anthropic-gains-big-with-google-backing-aiming-for-60-billion-valuation-and-surging-ai-revenue">securing $2 billion in funding</a>, which could triple its valuation to $60 billion.
Backed by Amazon's $8 billion investment and Google's recent $1 billion contribution, Anthropic is pushing forward with AI advancements. CEO Dario Amodei <a href="https://www.benzinga.com/markets/25/01/43094410/jeff-bezos-backed-anthropic-ceo-predicts-ai-will-surpass-human-intelligence-by-2027-but-warns-to-watch-out-for-negative-consequences">has predicted</a> that AI could surpass human intelligence within two to three years. He recently stated that Artificial General Intelligence—AI with human-level capabilities—could emerge by 2026 or 2027, barring setbacks like data shortages, GPU production issues, or scalability problems.
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While AI companies like Anthropic push for rapid advancements, they also set rules that seem to favor employers over job seekers. The rise of AI-driven hiring has already overwhelmed recruiters, leading to a cycle where companies turn to AI to sort through AI-generated applications.
Anthropic's policy highlights a growing concern. AI is being used to reshape the job market, but workers are being told they can't use it to compete. As both sides of hiring increasingly rely on AI, critics argue that companies must set fair and transparent standards—or risk creating a system where only employers benefit from AI's efficiencies.
For now, if you're applying to Anthropic, leave AI out of it. But once you're hired, feel free to use it all you want.
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Amazon And Google-Backed AI Firm Anthropic Urges Job Seekers: Please Don't Use AI To Apply Here

Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) has outperformed the market over the past 20 years by 2.35% on an annualized basis producing an average annual return of 10.76%. Currently, Humana has a market capitalization of $30.99 billion. 
Buying $100 In HUM: If an investor had bought $100 of HUM stock 20 years ago, it would be worth $764.30 today based on a price of $257.34 for HUM at the time of writing.
<h3>Humana's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739317568_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Humana Stock In The Last 20 Years

NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has outperformed the market over the past 20 years by 28.85% on an annualized basis producing an average annual return of 37.26%. Currently, NVIDIA has a market capitalization of $3.26 trillion. 
Buying $100 In NVDA: If an investor had bought $100 of NVDA stock 20 years ago, it would be worth $62,469.62 today based on a price of $133.02 for NVDA at the time of writing.
<h3>NVIDIA's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739316646_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NVDA

$100 Invested In NVIDIA 20 Years Ago Would Be Worth This Much Today

<a href="https://www.benzinga.com/startups/25/01/43391017/2-trillion-by-2026-elon-musks-ambitious-push-to-reinvent-government-spending-with-silicon-valley-powerhouses">Elon Musk</a> isn't worried about Donald Trump stopping the rise of electric cars. In fact, he thinks it's impossible. "At this point, I think that sustainable transport is inevitable," Musk told investors.&nbsp;
Musk compared the shift to EVs to the transition from horse-drawn carriages to automobiles. "Even if you were the biggest horse advocate on Earth, you couldn't stop the advent of the automobile. And you can't stop the advent of electric cars," he said on a call late last month to discuss Tesla's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) latest quarterly results.&nbsp;&nbsp;
The biggest hurdle for EVs used to be range, but Musk says that's no longer an issue. With more charging infrastructure and better battery technology, people aren't as hesitant to switch. Still, the political scene is shifting, and some wonder what that means for Tesla and the industry as a whole.&nbsp;&nbsp;
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One of Trump's first moves in office was to undo Joe Biden's goal of having 50% of new car sales be electric by 2030. He also wants to get rid of the federal EV tax credit, which gives buyers up to $7,500 in incentives.&nbsp;
That could make EVs a harder sell, but Musk isn't too concerned. In fact, he's actually in favor of ending those subsidies.&nbsp;
"Take away the subsidies. It will only help Tesla," <a href="https://x.com/elonmusk/status/1813112958157005259?lang=en">he said on X </a>last July. His argument? Tesla has already built a strong EV business, while other automakers still rely on incentives to stay competitive.&nbsp;&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
That doesn't mean everything is smooth sailing for Tesla. According to Electrive, EV sales in the U.S. grew by only 7.3% in 2024, reaching 1.3 million units. That's just a slight bump from 7.8% to 8.1% of total car sales. Meanwhile, Tesla's own sales dropped by 5.6% to 633,762 vehicles—their first annual decline in over a decade.&nbsp;&nbsp;
But Musk believes Tesla's real edge isn't just in electric cars; it's in self-driving technology. "There is a path where Tesla is worth more than the next top five car companies combined&#8230; and that is overwhelmingly due to autonomous vehicles and autonomous humanoid robots," he said on the Jan. 30 earnings call.&nbsp;&nbsp;&nbsp;
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Tesla is also making adjustments based on new policy changes. For example, the company had planned to expand into Mexico, but Musk recently put that on hold after <a href="https://www.benzinga.com/startups/25/02/43493701/fed-chair-jerome-powell-faces-trumps-pressure-the-president-cant-fire-me-as-interest-rates-hold-steady-at-4-25-4-5">Trump </a>suggested heavy tariffs on Mexican-made cars. "Trump has said that he will put heavy tariffs on vehicles produced in Mexico, so it doesn't make sense to invest in Mexico," Musk said on a separate earnings call in July amid the 2024 presidential campaign.&nbsp;
Despite these challenges, Tesla isn't slowing down. The company is rolling out a driverless ride-hailing service in Austin within the next six months and is on track to produce autonomous "cybercabs" by 2026. It's also planning to unveil a working prototype of their Optimus humanoid robot in 2025.&nbsp;&nbsp;
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Startups

Elon Musk: 'You Can't Stop The Advent Of Electric Cars'—Says EV Success Is As Inevitable As Cars Replacing Horses

Jones Trading analyst Jason Weaver maintains Rithm Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>) with a Buy and maintains $12.5 price target.

Price Target

Analyst Ratings

RITM

Jones Trading Maintains Buy on Rithm Capital, Maintains $12.5 Price Target

Barrington Research analyst Gary Prestopino maintains Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) with a Outperform and maintains $40 price target.

LQDT

Barrington Research Maintains Outperform on Liquidity Services, Maintains $40 Price Target

Small Cap

Press Releases

Grupo Bimbo Recognized as One of The World's Most Ethical Companies for the 8th Consecutive Year

Grupo Bimbo

<div>Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million.&nbsp;</div>

Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of Grupo Bimbo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMBOY#OTC">BMBOY</a>), the world&#39;s largest baking company. Harbinger also received an order from Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), one of the world&#39;s largest recreational vehicle manufacturers, the company said.

&quot;While other new entrants struggle to fill their order pipelines, we have extensive pre-orders and backed-up demand for our medium-duty electric vehicles&quot; John Harris, Harbinger&#39;s CEO, said in a news release. &quot;We are laser focused on the medium-duty vehicle segment, where there is a huge variety of vehicles built on chassis like ours including walk-in vans, box trucks, recreational vehicles, delivery vans, school buses, emergency and disaster response vehicles and more.&quot;

Harbinger also announced it had closed an additional $13 million in Series A funds in the fourth quarter of 2023 from venture and strategic investors, including additional funding from the Coca-Cola System Sustainability Fund, managed by Greycroft.<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script> 
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Previously, Harbinger announced it had raised $60 million in Series A funds, bringing the Series A total to $73 million. The electric chassis maker will use the additional funds to continue expanding its manufacturing capacity and launch commercial production by the end of the year.

Harbinger, founded in 2021, aims to disrupt and electrify the medium-duty commercial vehicle market in the Class 4 to 6 range.

The company has its headquarters and manufacturing operations in Garden Grove, California, about 30 miles south of Los Angeles. Harbinger currently employs 120 people.<script async src=""https://securepubads.g.doubleclick.net/tag/js/gpt.js""></script> 
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Harbinger assembles its electric vehicle stripped chassis, then sells them to a dealer or specialty upfitter, or directly to customers. From there, the dealer or customer works with a third party to upfit the chassis with a commercial or specialty body.

Harbinger&#39;s electric chassis includes an 800-volt liquid-cooled battery system, with capacity scalable in 35-kilowatt-hour increments up to 200 miles of range. The battery packs are designed for one-hour direct current fast-charging capability.

The majority of the vehicles in Harbinger&#39;s 4,000-unit order, including those for Bimbo Bakeries USA, are intended for upfit into walk-in vans.

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&quot;Partnering with Harbinger to expand our robust fleet of alternatively fueled vehicles is an important step in reducing our carbon emissions and dependencies on fossil fuels&quot; Christopher Wolfe, Bimbo Bakeries USA&#39;s senior director of sustainability, said in a statement.

Thor Industries and Bimbo Bakeries USA are not disclosing the number of chassis they have ordered, but &quot;Bimbo has placed a substantial multi-year order&quot; a spokesperson for Harbinger said.

Other firms making orders include Doggett Equipment Services Group (500 units); Campbell Supply (125 units); GATR Truck Center (500 units); Ethero Truck + Energy (200 units); Electric Commercial Vehicles (ECV), an affiliate of Smyrna Truck (50 units); and postal service operator Mail Management Services (40 units).&nbsp;

Officials for Campbell Supply said they have a backlog of orders for medium-duty vehicles. Iowa Falls, Iowa-based Campbell Supply is a commercial and emergency vehicle dealership serving the northeastern U.S. The company is one of Freightliner&#39;s largest dealers.

&quot;Demand outstrips supply for the entire medium-duty category as we have a multi-year backlog for electric, diesel and gasoline vehicles&quot; Scott Campbell, owner of Campbell Supply, said in a statement. &quot;Electric vehicles have a big place in the market and that segment is only going to continue to grow.&quot;<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script> 
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The post <a href="https://www.freightwaves.com/news/ev-startup-harbinger-snags-400m-in-commercial-vehicle-chassis-orders" rel="nofollow">EV startup Harbinger snags $400M in commercial vehicle chassis orders</a> appeared first on <a href="https://www.freightwaves.com" rel="nofollow">FreightWaves</a>.

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