Option chain shows key data for Banzai International's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Banzai International.

Banzai International (NASDAQ:BNZI) Stock, Option Chain

Banzai International

Banzai International Inc is a marketing technology (MarTech) company that produces data-driven marketing and sales solutions for businesses of all sizes. Its mission is to help its customers accomplish their mission by enabling better marketing, sales and customer engagement outcomes. The company sells its products using a recurring subscription license model typical in SaaS businesses. Pricing tiers for its main product, Demio, are based on the number of host-capable users, desired feature sets, and maximum audience size.

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Banzai stock is trading higher on Tuesday after the company announced it entered into a definitive agreement to acquire OpenReel.

What&#39;s Going On With Banzai Shares Tuesday?

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Banzai International, Inc (NASDAQ: BNZI) announced acquiring OpenReel for $19.6 million in shares. OpenReel&#39;s solution allows rapid creation of branded video content.

EXCLUSIVE: Banzai To Snap OpenReel Digital Video Creation Platform For $19.6 Million (UPDATED)

Stockholm,,Sweden,-,October,8,,2021:,An,Office,Building,At

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Why Ericsson Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket

Banzai International, Inc. - Class A Common Stock

Banzai International Inc

With U.S. stock futures trading slightly lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) announced strong preliminary revenues for the fourth quarter and fiscal year ended Dec. 31. Total revenues for the fourth quarter are projected to reach RMB162 million, representing a 20% increase from the guidance of RMB135 million, and a year-over-year surge of 187% from the year-ago quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. EHang Holdings shares fell 0.4% to $15.60 in the after-hours trading session.</li>
<li>Sangamo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) announced its collaboration and license agreement with Pfizer on giroctocogene fitelparvovec will terminate effective April 21, 2025. Sangamo Therapeutics shares tumbled 60.4% to $0.9270 in the after-hours trading session.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) posted stronger-than-expected sales for the fourth quarter, reporting quarterly sales of $18.10 million which beat the analyst consensus estimate of $16.39 million. Cemtrex shares climbed 12.1% to $3.51 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>CompoSecure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) announced plans to spin off Resolute Holdings Management. CompoSecure shares surged 7.4% to $16.80 in the after-hours trading session.</li>
<li>Ambow Education Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#NYSE">AMBO</a>) posted net income of $0.1 million for the second quarter, versus a year-ago net loss of $1.0 million. Its net revenues fell by 11.1% to $2.4 million during the quarter. Ambow Education shares dipped 13.8% to $2.94 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42720878/top-3-tech-stocks-that-may-fall-off-a-cliff-this-quarter">Top 3 Tech Stocks That May Fall Off A Cliff This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

AMBO

CETX

CMPO

SGMO

CompoSecure, Cemtrex And 3 Stocks To Watch Heading Into Tuesday

Lucid Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) has started delivering their latest offering &#8211; <a href="https://www.benzinga.com/tech/24/12/42432727/lucids-gravity-gets-official-range-estimate-higher-than-teslas-model-x-but-lower-than-its-own-air-sedan">the electric Gravity SUV</a> &#8211; to customers over the weekend, the company said in a post on X on Tuesday.
What Happened: &#8220;This weekend the first Lucid Gravity customers received their vehicles and departed the factory as a convoy,&#8221; Lucid wrote in a post on X. The post was accompanied by a short video of several customers checking their vehicles before riding out together from the company&#8217;s factory in Casa Grande, Arizona.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This weekend the first Lucid Gravity customers received their vehicles and departed the factory as a convoy. This is just the beginning. Here&#39;s to a remarkable 2025. <a href="https://t.co/ZIF5MwhNnX">pic.twitter.com/ZIF5MwhNnX</a>
&mdash; Lucid Motors (@LucidMotors) <a href="https://twitter.com/LucidMotors/status/1873858864787185839?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
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Lucid&nbsp;<a href="https://www.benzinga.com/24/11/41838253/lucid-rises-nearly-5-in-pre-market-after-strong-q3-results-opening-orders-for-gravity-suv" target="_blank" rel="noreferrer noopener">started taking orders</a>&nbsp;for Gravity last month. Orders are now being taken for the Grand Touring trim of the SUV starting from $94,900. Production of the lower-priced Touring trim of the vehicle, starting at $79,900, will start only in late 2025, the company previously said.
Lucid, which entered the EV market with its premium Air sedan, is looking to expand its total addressable market with the Gravity. Lucid CEO Peter Rawlinson previously said that with Gravity, the company has now entered a "market that's about 6 times larger than our addressable market last year with Air."
Why It Matters:&nbsp;The Gravity is expected to rival&nbsp;Tesla Inc.'s Model X SUV which starts at $79,990 for the base version and at $94,990 for the more premium Plaid version.
During Lucid's&nbsp;<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi" target="_blank" rel="noreferrer noopener">first-quarter earnings call in May</a>, the CEO said that Gravity has a &#8220;significant opportunity&#8221; that the Model X did not capture. While the Model X is a bit car-like, the Gravity is a proper three-row SUV and is on track to become the &#8220;world&#8217;s best SUV,&#8221; he said.
Lucid is also looking forward to starting production of a high-volume midsized platform priced at around $48,000 in late 2026 as a&nbsp;<a href="https://www.benzinga.com/news/24/06/39135581/youtuber-mkbhd-praises-lucid-air-sapphire-if-it-couldnt-be-a-tesla-it-would-have-to-be-this" target="_blank" rel="noreferrer noopener">direct competitor&nbsp;</a>to Tesla's mass-market offerings Model 3 and Model Y.
The company, however, is yet to make a profit. For the third quarter, the EV company reported an adjusted quarterly loss of 28 cents per share.
Price Action:&nbsp;Lucid shares closed down 1.6% on Monday at $3.15. The stock is down by over 24% year-to-date, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Lucid has a consensus price target of $5.04 based on the ratings of 14 analysts tracked by Benzinga. While the highest price target of&nbsp;$12 was&nbsp;issued by&nbsp;RF Lafferty&nbsp;on&nbsp;February 23, 2023, the low of&nbsp;$2 was&nbsp;issued by&nbsp;RBC Capital&nbsp;on&nbsp;November 19, 2024.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/12/42717337/spacex-kicks-off-post-christmas-operations-with-double-launch-eyes-134-missions-in-2024" target="_blank" rel="noreferrer noopener">SpaceX Kicks Off Post-Christmas Operations With Double Launch, Eyes 134 Missions In 2024</a></li>
</ul>
Photo courtesy: Lucid

Tech

LCID

Lucid Starts Deliveries Of Tesla Model X Competitor Gravity SUV

The EU&#8217;s USB-C directive has officially come into force, mandating a universal charging port for electronic devices.
What Happened: The directive, effective from 2025, requires mobile phones to feature a USB-C port.
All 27 EU member states had until Dec. 28 to incorporate this directive into their national laws. The regulation covers a wide range of devices, including mobiles, tablets, digital cameras, and portable speakers, among others.
See Also: <a href="https://www.benzinga.com/tech/24/12/42715283/apples-ai-driven-growth-airtag-2-airpods-health-features-and-iphone-17-pro-this-week-in-appleverse?itm_source=parsely-api">Apple&#8217;s AI-Driven Growth, AirTag 2, AirPods&#8217; Health Features, And iPhone 17 Pro: This Week In Appleverse</a>
Laptop manufacturers have until April 28, 2026, to comply. However, certain high-power devices, like the Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation 5, are exempt.
Additionally, the directive stipulates that devices capable of charging with higher voltages or currents must support USB Power Delivery (USB-PD). This affects brands like OnePlus and Oppo.
The European Commission also permits the sale of new devices without chargers to minimize waste. A graphic on retail boxes will indicate if a charger is included, helping consumers adapt to the new regulations.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's time for THE charger. Today, the USB-C becomes officially the common standard for charging electronic devices in the EU. It means better-charging technology, reduced e-waste, and less fuss to find the chargers you need. <a href="https://twitter.com/hashtag/DigitalEU?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalEU</a>
&mdash; European Commission (@EU_Commission) <a href="https://twitter.com/EU_Commission/status/1872885193255915618?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote>
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Why It Matters: The directive also allows devices to retain proprietary charging solutions alongside USB-C ports.
This means that the current MacBook lineup with MagSafe complies, as it supports charging through both Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) magnetic connector and the EU-approved technology.
While many companies voluntarily embraced USB-C, the legislation applied enough pressure to compel holdouts like Apple to finally incorporate USB-C into their devices.
Despite being a <a href="https://www.benzinga.com/news/23/09/34475640/heres-why-apple-took-8-years-to-bring-usb-c-to-iphone-despite-contributing-to-its-development">key contributor to the development</a> of the USB-C port, Apple was slow to adopt it for its iPhones.
The company is now facing challenges in <a href="https://in.benzinga.com/content/36090760/apple-requests-delay-in-indias-new-usb-c-port-mandate-heres-why">markets like India</a>, where similar regulations are being considered.
Image Credits &#8211; Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

AAPL

Sony Group Corporation American Depositary Shares

SONY

MagSafe Won't Be Phased Out By EU's New Directive: Here's Why MacBook Users Have Nothing To Worry About

<ul>
<li>Total revenues for the fourth quarter 2024 are expected to reach RMB162 million, representing an increase of 20% from the guidance of RMB135 million, and a year-over-year increase of 187% from RMB56.6 million in the fourth quarter of 2023.</li>
<li>Total revenues for the fiscal year 2024 are expected to reach RMB454 million, representing an increase of 6% from the guidance of RMB427 million, and a year-over-year increase of 287% from RMB117.4 million in 2023.</li>
</ul>
The upward performance reflects stronger-than-expected market demand for EHang's flagship EH216-S pilotless passenger-carrying aerial vehicles, key operational milestones, and growing momentum in the Company's business.

EHang Expects Q4 2024 Revenue Growth of 187% YoY To RMB162M And FY24 Revenue Growth Of 287% To RMB454M

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42720866/bond-vigilantes-send-loud-warning-message-as-treasuries-climb-to-may-highs-is-the-santa-rally-in-serious-doubt-heres-what-analysts-say">Santa</a> Claus Rally, a typical year-end market surge, has seemingly failed to materialize this year, with stocks experiencing a recent downturn. However, this analyst expects the S&amp;P 500 index to hit 7,000 points in the first half of 2025.
What Happened: According to Fundstrat Insights, Tom Lee, the head of research at Fundstrat attributed this decline to profit-taking and investor uncertainty surrounding the Federal Reserve&#8217;s future interest rate policies. However, he emphasizes that the positive market outlook for 2025 remains largely unchanged.
According to Lee, even if the S&amp;P 500 closes the year at 5,900, it doesn&#8217;t diminish the significant potential for growth in 2025.
Looking ahead to next year, Lee said that he will closely monitor the CEO confidence index and the ISM manufacturing data for signs of economic expansion. He predicts that the S&amp;P 500 could potentially reach 7,000 in the first half of 2025, representing substantial upside from current levels.
Louis Navellier from Navellier &amp; Associates also said in his note that &#8220;It certainly appears to be a bit of profit-taking.&#8221;
According to Ed Yardeni of Yardeni Research there are multiple reasons for missing the Santa Rally. &#8220;From a sentiment perspective, there have been too many bulls. From a technical perspective, breadth has been narrowing again as a few LargeCap momentum stocks continue to outperform.&#8221;
&#8220;From a fundamental perspective, while earnings growth should remain bullish, the Fed may be done easing monetary policy for a while at the same time as the outlook for fiscal policy under Trump 2.0 is uncertain. From a valuation perspective, forward P/Es are stretched,&#8221; he added.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42720866/bond-vigilantes-send-loud-warning-message-as-treasuries-climb-to-may-highs-is-the-santa-rally-in-serious-doubt-heres-what-analysts-say">Bond Vigilantes Send &#8216;Loud Warning Message&#8217; As Treasuries Climb To May Highs: Is The Santa Rally In &#8216;Serious Doubt&#8217;? Here&#8217;s What Analysts Say</a> 
Why It Matters: Ryan Detrick, the chief market strategist at Carson Research, in an earlier X post had highlighted that no other seven-day period except the last seven days of the year is more likely to be higher. This period of &#8216;Santa Rally&#8217; has given positive returns at least 78.4% of the time.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">These next 7 trading days are known as the Santa Claus Rally period. There is no 7 day period more likely to be higher (78.4% of the time) and only two 7 day periods have a better avg return (1.29%). &#x1f385; <a href="https://t.co/40qVwHa1rS">pic.twitter.com/40qVwHa1rS</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1871322312219468049?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
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Reinstalling confidence among investors Navellier added &#8220;Normally, we rally going into New Year&#8217;s, and we normally rally in the new year. So, if we don&#8217;t, it means we have to wait until the A team comes back, which will of course be after the New Year&#8217;s holiday.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, the exchange-traded fund tracking the S&amp;P 500, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 2.18% since Dec. 24. Whereas, Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tracking Nasdaq 100, was down 2.71%. The fund tracking Russell 2000 iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) declined 1.21% and Dow Jones tracker SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.56% in the same period.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1024x576.png" alt="" class="wp-image-712596" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<tbody>
<tr>
<td>Index/ETF</td>
<td>YTD</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>24.54%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</td>
<td>24.45%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>28.13%</td>
</tr>
<tr>
<td>Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>28.07%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>12.88%</td>
</tr>
<tr>
<td>SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)</td>
<td>12.91%</td>
</tr>
<tr>
<td>Rusell 2000</td>
<td>10.68%</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)</td>
<td>10.61%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42721523/apples%20chinese-rival-huawei-slashes-prices-for-new-year-boost-should-tim-cook-led-company-be-worried-heres-what-analysts-are-saying-about-aapl-stock">Apple&#8217;s Chinese Rival Huawei Slashes Prices For New Year Boost: Should Tim Cook-Led Company Be Worried? Here&#8217;s What Analysts Are Saying About AAPL Stock</a></li>
</ul>

Analyst Color

Equities

Market Summary

Broad U.S. Equity ETFs

Analyst Ratings

ETFs

General

SPDR Dow Jones Industrial Average ETF Trust

Wall Street Meets The Grinch Instead Of Santa But This Analyst Believes 'S&P 500 Can Get Close To 7,000' In First Half Of 2025

A new leak reiterates that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly set to <a href="https://www.benzinga.com/news/24/11/41699427/apples-iphone-17-base-models-could-finally-get-this-highly-requested-pro-feature">improve the display technology</a> in its upcoming iPhone 17 series.
What Happened: Over the weekend, Weibo-based Chinese leaker Digital Chat Station said that supply chain materials support the rumors of a higher refresh rate for the standard iPhone 17.
Although the exact refresh rate wasn&#8217;t specified, earlier reports suggest a 120Hz ProMotion rate, which was previously exclusive to Pro models, might be implemented.
See Also: <a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31010935/Screenshot-2024-12-31-at-11.39.28%E2%80%AFAM-1024x465.png" alt="" class="wp-image-712644" /><figcaption class="wp-element-caption">Source: Weibo</figcaption></figure>
ProMotion technology, enabled by low-temperature polycrystalline oxide (LTPO) panels, allows for variable refresh rates from 1Hz to 120Hz.
This technology enhances user experience with smoother scrolling and video playback, and always-on functionality for time, widgets, and notifications on Lock Screens.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier, Ross Young from Display Supply Chain Consultants indicated that both the standard iPhone 17 and a new model, tentatively named &#8220;iPhone 17 Air,&#8221; will feature ProMotion displays.
This shift means all four iPhone models in 2025 will have ProMotion, eliminating the 60Hz displays that have been standard in previous base models.
Meanwhile, Novatek&#8217;s OLED technology could play a crucial role in the design of the <a href="https://www.benzinga.com/news/24/10/41195325/apple-might-have-just-found-the-technology-to-power-its-thin-iphone-17-air-display">ultra-thin iPhone 17 Air</a>.
Leaks regarding iPhone 17 Pro Max suggest that the device could feature 12GB DRAM and upgraded cooling systems. These enhancements, along with improved on-device AI capabilities, are likely to be <a href="https://www.benzinga.com/news/24/10/41195325/apple-might-have-just-found-the-technology-to-power-its-thin-iphone-17-air-display">major selling points</a> for the iPhone 17 Pro Max.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42716915/porn-on-spotify-users-discover-explicit-content-hidden-in-search-results-sparking-outrage-over-moderation-loopholes?itm_source=parsely-api">Spotify Users Discover Adult Content Hidden In Search Results Sparking Outrage Over Moderation Loopholes</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

iPhone 17 To Get Display Upgrade As Apple Finally Ditches 60Hz Technology? New Leak Reiterates Possibility

DJCO

Reported Earlier, Daily Journal FY24 EPS $56.73 Up From $15.58 YoY, Sales $69.93M Up From $67.71M YoY

Reported Earlier, Marcus & Millichap's IPA Brokers Record-Breaking $116M Sale Of La Vista Apartments In Santa Maria

IPOs

ONEG

OneConstruction Group Prices Initial Public Offering Of 1.75M Common Shares At $4/Share

HIVE

HIVE Digital Technologies Relocates Headquarters To San Antonio, Texas And Adopts US GAAP Reporting

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For December 52.2 Vs. 50.2 Est.; 50.0 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For December 50.1 Vs. 50.3 Est.; 50.3 Prior

Reported Earlier, China Composite Purchasing Managers' Index For December 52.2 Vs. 50.8 Prior

SpaceX CEO Elon Musk said on Monday that the company hopes to conduct the seventh flight test of its <a href="https://www.benzinga.com/24/12/42718758/elon-musk-says-starship-will-get-fully-reusable-heat-shield-in-2025-i-am-confident" target="_blank" rel="noopener">Starship launch vehicle</a> on January 10th.
What Happened: &#8220;10th,&#8221; Musk wrote on social media platform X. The billionaire CEO was responding to a query on when SpaceX expects to conduct the seventh test flight of its Starship launch vehicle. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">10th
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1873862900915593679?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
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The Starship is still in development and undergoing testing. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noopener">custom version of the Starship</a>, Musk dreams of taking <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noopener">humans to the planet Mars</a> aboard the Starship.
The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
Starship is currently in the testing and development phase. The company has conducted six test flights of the vehicle thus far starting in April 2023 but without a payload. The last flight test took place in November.
Why It Matters: Earlier this month, Musk said that the version of the Starship spacecraft planned for the launch vehicle's&nbsp;<a href="https://www.benzinga.com/24/12/42455167/spacex-rolls-out-starship-for-testing-ahead-of-next-flight-will-the-7th-test-happen-before-2024-end" target="_blank" rel="noreferrer noopener">seventh test flight</a>&nbsp;features "major" design improvements.
"Lighter, easier to manufacture, and less susceptible to high heating," Musk said in a post on X about the new version of the spacecraft.
For the upcoming flight test, SpaceX will attempt to land the Starship spacecraft in the ocean yet again.
&#8220;We will do one more ocean landing of the ship. If that goes well, SpaceX will attempt to catch the ship with the tower (launch tower at Starbase),&#8221; Musk previously said.
Catching the booster of the vehicle as well as the spacecraft back at the launch tower at Starbase is an important demonstration of the vehicle&#8217;s reusability. 
SpaceX is attempting to make its rockets reusable to bring down the cost of spaceflight.
In July 2023, Musk warned that rocket manufacturers will&nbsp;<a href="https://www.benzinga.com/news/23/07/33383081/elon-musk-tells-rocket-makers-go-all-in-on-reusability-or-be-utterly-uncompetitive" target="_blank" rel="noreferrer noopener">need to go all-in on reusability</a>&nbsp;or risk being uncompetitive.
"Rockets are no different from other transport technologies, just harder to make reusable. No one would buy a single-use airplane, car, or even bicycle! You'd need to tow another car just for the return trip," Musk said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42718758/elon-musk-says-starship-will-get-fully-reusable-heat-shield-in-2025-i-am-confident">Elon Musk Says He Is &#8216;Confident&#8217; SpaceX&#8217;s Starship Will Get Fully Reusable Heat Shield In 2025</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

SpaceX CEO Elon Musk Says Starship's 7th Test Flight Slated For Jan 10

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) might have retraced sharply in recent days, but one influential analyst on Monday predicted massive upsides for the payment-focused cryptocurrency in 2025.
What happened: Ali Martinez, a well-known chartist, observed a "promising setup" for XRP, prompting him to set a price target of $11.
Martinez identified a falling wedge pattern, commonly interpreted as a bullish indicator by technical analysts.
If the projections turn out to be accurate, it would imply a 450% increase, or more than a fivefold jump, from XRP's current market price.
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<a href="https://twitter.com/ali_charts/status/1873858351857328157" title="https://twitter.com/ali_charts/status/1873858351857328157">https://twitter.com/ali_charts/status/1873858351857328157</a>.
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Martinez also observed the converging Bollinger Bands on XRP's daily chart, indicating a sharp price movement could be on the cards.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Bollinger Bands are squeezing on the <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> daily chart, indicating a big price movement is underway! <a href="https://t.co/CvxomYnH5E">pic.twitter.com/CvxomYnH5E</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1873763728413344029?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
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Another widely followed analyst, Javon Marks, joined the bullish optimism, drawing comparisons to the 2017 bull market.
"XRP&#8217;s current 3-day timeframe is currently looking extremely similar to that 2017 run, even more so, and prices right now may only be getting ready to come out of an &#8216;intermission phase&#8217; before yet another &#8216;groundbreaking&#8217; bullish rally," Marks remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>&#39;s Current 3 Day Timeframe is currently looking extremely similar to that 2017 Run even more so and prices right now may only be getting ready to come out of an &#39;Intermission Phase&#39; before yet another &#39;groundbreaking&#39; bullish rally! It may be time to strap in&#8230; <a href="https://t.co/MwtXddA7Ad">pic.twitter.com/MwtXddA7Ad</a>
&mdash; JAVON&#x26a1;&#xFE0F;MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1873901685992808762?ref_src=twsrc%5Etfw">December 31, 2024</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> &#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a>
Why It Matters: A handful of other technicals supported XRP's rally in the days ahead. The popular Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, flashed a "Buy" signal, <a href="https://in.tradingview.com/symbols/XRPUSD/technicals/">according </a>to TradingView.
The Commodity Channel Index, which measures the difference between the current price and the historical average price, also signaled "Buy" for the fourth-largest cryptocurrency.
The Relative Strength Index, though, was still "Neutral," suggesting balance between bullish and bearish market forces.
Price Action: At the time of writing, XRP was exchanging hands at $2.02, down 2.92% 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>. The coin has been one of the biggest gainers of 2024, surging 227% year-to-date.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42729068/donald-trumps-9-9-million-crypto-portfolio-over-50-growth-since-september-how-many-cryptocurrencies-does-trump-own">Donald Trump&#8217;s $9.9 Million Crypto Portfolio: Over 50% Growth Since September – How Many Cryptocurrencies Does Trump Own?</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$XRP

XRP Poised For 450% Upside, Says Analyst, As Coin Shows 'One Of The Most Promising Setups' Heading Into 2025

The Federal Deposit Insurance Corporation and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) are heading toward a critical Jan. 10 deadline over new compliance measures affecting the asset manager&#8217;s holdings in U.S. banks, marking a significant development in the ongoing debate over institutional investor influence in the banking sector.
What Happened: The FDIC is pushing BlackRock, which manages $11.5 trillion in assets, to accept enhanced oversight requirements when it owns more than 10% of FDIC-supervised banks&#8217; shares, the Financial Times <a href="https://www.ft.com/content/1d559e21-66b6-4a50-8177-6b0daefaf7a1">reported</a>, citing sources. 
This move follows competitor Vanguard&#8216;s recent agreement to broader FDIC oversight and expanded passivity agreements covering banks within larger holding companies.
BlackRock&#8217;s stakes in 39 U.S. community and regional banks exceed the 10% threshold, triggering regulatory concern. In an October comment letter, BlackRock strongly opposed the proposal, arguing it would &#8220;harm investors, disrupt the flow of capital to the economy, and undermine the efficacy&#8221; of existing regulations.
In its iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>), BlackRock&#8217;s largest banking holdings are in JPMorgan Chase &amp; Co, Bank of America Corp, and Wells Fargo &amp; Company.
BlackRock and FDIC did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42735623/trump-backed-platforms-pick-years-chart-topper-6-new-cryptos-added-to-grayscales-top-20-list-with-growth-potential-in-q1-2025">Trump-Backed Platform&#8217;s Pick, Year&#8217;s Chart Topper: 6 New Cryptos Added To Grayscale&#8217;s &#8216;Top 20&#8217; List With Growth Potential In Q1 2025</a>
Why It Matters: The conflict reflects growing regulatory scrutiny of major asset managers&#8217; influence over the financial sector. Harvard law professor John Coates, in his 2023 book &#8220;The Problem of Twelve,&#8221; warned about the unprecedented concentration of voting power, noting that major index funds together <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38051183/could-3-powerful-fund-managers-take-control-of-us-banks">control over 20% of S&amp;P 500 companies&#8217; votes</a>.
FDIC director Jonathan McKernan has emphasized the necessity of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38051183/could-3-powerful-fund-managers-take-control-of-us-banks">robust compliance measures</a>, particularly as passive investment giants like BlackRock, Vanguard, and State Street Corp. continue to expand their holdings through index funds.
While BlackRock proposed alternative passivity agreements in December, these fell short of the compliance measures Vanguard accepted. The FDIC&#8217;s January deadline comes as the agency anticipates new leadership following the upcoming administration change.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42735573/two-magnificent-7-giants-snubbed-in-dan-ives-top-10-tech-winners-for-the-ai-revolution-into-2025-but-palantir-salesforce-and-snowflake-made-the-cut">Palantir, Salesforce, And Snowflake Made The Cut, But 2 &#8216;Magnificent 7&#8242; Giants Left Out From Dan Ives&#8217; Top 10 Tech Winners For The AI Revolution In 2025 List</a></li>
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Image via Blackrock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

iShares Dow Jones US Financial Sector Index Fund

BlackRock Faces Jan. 10 Deadline For Compliance Over Bank Stakes As FDIC Scrutinizes Investor Power: Report

The king of outrageous challenges, Jimmy Donaldson, also known as MrBeast, is back with a bold giveaway.
What Happened: In a conversation with PodSensei that was released on Sunday, MrBeast revealed that he purchased a private jet and challenged two fresh aviation school graduates to live inside it for 100 days.
If they succeed, they get to keep the jet.
The YouTube sensation described the jet as a &#8220;really nice&#8221; Dassault Aviation's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DUAVF#OTC">DUAVF</a>) Hawker 2000, offering the participants the freedom to fly it anywhere globally.
See Also: <a href="https://www.benzinga.com/government/regulations/24/12/42701155/made-in-china-paid-in-america-what-trumps-new-tariffs-mean-for-the-us-economy?itm_source=parsely-api">Made In China, Paid In America: What Trump&#8217;s New Tariffs Mean For The US Economy</a>
However, they must remain inside the aircraft for the entire duration to win. The challenge allows them to open the door for deliveries, such as pizza, but they cannot step outside.
The video of the conversation was posted by a user on X, to which MrBeast replied posing a question to his followers, &#8220;Would you guys live in a private jet for 100 days to keep it?&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Would you guys live in a private jet for 100 days to keep it?
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1873879348471836939?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
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Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: MrBeast has a history of <a href="https://www.benzinga.com/news/24/05/39024370/mrbeast-unveils-largest-game-show-ever-with-5m-prize-heres-how-you-can-enter">creating viral challenges</a> that captivate audiences worldwide.
His extreme endurance test, &#8220;I Survived 50 Hours in Antarctica&#8221; was posted two years ago and has since racked up over 220 million views on YouTube, owned by Alphabet Inc.'s (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>) Google.
MrBeast also attempted a 24-hour underwater challenge, though seasickness forced an early exit.
The YouTuber also famously recreated Netflix Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) &#8220;Squid Game,&#8221; attracting <a href="https://www.benzinga.com/news/21/11/24369935/mr-beasts-squid-game-video-has-more-views-in-a-week-than-netflixs-show-had-in-first-month">more viewership in a week</a>, than the show gained in its first month.&nbsp;
In July this year, he posted a video titled &#8220;50 YouTubers Fight For $1,000,000.&#8221; The video quickly became his <a href="https://www.benzinga.com/news/24/07/39766403/mrbeasts-latest-youtubers-challenge-video-goes-viral-as-he-plans-to-give-away-10-tesla-cybertrucks-h">most-watched video on YouTube</a> within 24 hours.
MrBeast&#8217;s &#8220;Beast Games&#8221; also premiered on Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video. The game show <a href="https://www.benzinga.com/general/entertainment/24/12/42657482/mrbeast-dominates-prime-video-how-youtuber-could-help-amazon-boost-streaming-presence">debuted its first two episodes</a> on Dec. 19.&nbsp;
Although official viewership numbers remain undisclosed, Donaldson earlier said that &#8220;Beast Games&#8221; was Prime Video&#8217;s most-watched show or movie of the week.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

AMZN

DUAVF

GOOG

GOOGL

NFLX

MrBeast's Daring New Challenge: Live In A Jet For 100 Days And Then Keep It — Are You Game?

Controversial figure Martin Shkreli issued a stark warning for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) proxy stock, MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), on Monday, predicting its potential liquidation and a significant Bitcoin surge.
What Happened:&nbsp;Shkreli, popularly known as &#8220;Pharma Bro,&#8221; took to X to vent his thoughts on MicroStrategy&#8217;s ongoing downturn, which has resulted in the stock plummetting more than 15% in a week. The decline coincided with Bitcoin&#8217;s corrective action, which caused the leading cryptocurrency <a href="https://www.benzinga.com/24/12/42735439/bitcoin-falls-below-93k-ethereum-dogecoin-slip-ahead-of-new-year-top-analyst-anticipates-problem-for-apex-crypto">to slip below $93,000</a>.
&#8220;Uh $MSTR &lt; $300. We will liquidate you and take BTC to $250,000 without Saylor—poetic justice?&#8221; Shkreli made a cheeky jibe at the company&#8217;s co-founder and chair, Michael Saylor.
Shkreli sarcastically advised Saylor to sell some of the firm&#8217;s Bitcoin holdings to protect against risks. &#8220;Best thing Saylor can do is shor (pun intended) up his balance sheet.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">uh <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> &lt; $300. we will liquidate you and take BTC to 250,000 without saylor &#8211; poetic justice? best thing saylor can do is shor (pun intended) up his balance sheet
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1873846733643669578?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
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Shkreli has been a <a href="https://www.youtube.com/watch?v=caDx7zhdpM0">vocal critic</a> of MicroStrategy&#8217;s widely popular Bitcoin playbook and revealed that he took short positions in the stock. He called the play a &#8220;big bubble&#8221; and predicted it to end poorly.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42729068/donald-trumps-9-9-million-crypto-portfolio-over-50-growth-since-september-how-many-cryptocurrencies-does-trump-own">Donald Trump&#8217;s $9.9 Million Crypto Portfolio: Over 50% Growth Since September – How Many Cryptocurrencies Does Trump Own?</a>
Why It Matters: Shkreli&#8217;s comments come amid MicroStrategy&#8217;s aggressive Bitcoin acquisition strategy. The company has been on an 8-week buying streak, with the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42723691/microstrategy-drops-209-million-on-bitcoin-in-8-week-buying-blitz">latest purchase on Monday</a> taking its total holdings to 446,400 BTC, worth over $41 billion at prevailing prices.
However, the strategy, which leverages convertible debt to fund Bitcoin purchases, has drawn criticism from financial experts. Peter Schiff said last month that the company's commitment to repay convertible note holders could be at a <a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy">potential risk</a> if Bitcoin drops significantly in value.
But nothing thus far has deterred Saylor&#8217;s bullish optimism. 
The firm recently announced a special shareholder meeting to vote on proposals supporting its ambitious $42 billion Bitcoin purchase plan. As part of this plan, Saylor <a href="https://www.benzinga.com/24/12/42665877/microstrategy-to-hold-special-shareholder-vote-to-support-the-42-billion-bitcoin-acquisition-strategy">proposed increasing the company&#8217;s authorized Class A shares</a> and the number of authorized shares of preferred stock.
Price Action: At the time of writing, Bitcoin was exchanging hands at $92,338.85, down 1.23% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of MicroStrategy plunged 8.19% to $302.96 during Monday's regular session and dropped lower to $293.59 in after-hours trading.
The stock&#8217;s consensus price target was $449.5 based on 12 analyst recommendations, with an average price target of $546.67 from Bernstein, TD Cowen, and Barclays.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/eurozone/24/12/42724073/european-central-bank-should-consider-bitcoin-reserve-former-german-finance-minister-says">European Central Bank Should Consider Bitcoin Reserve, Former German Finance Minister Says</a></li>
</ul>

$BTC

MSTR

'Pharma Bro' Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor

Leading digital asset manager Grayscale Investments broadened its Top 20 list of cryptocurrencies on Monday by adding six new tokens with strong growth potential for the upcoming quarter.
What Happened: Grayscale <a href="https://www.grayscale.com/research/market-commentary/grayscale-research-insights-crypto-sectors-in-q1-2025">added </a>Layer-1 blockchain token Hyperliquid (HYPE), decentralized stablecoin protocol Ethena (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ENA</a>), AI agent creator Virtuals Protocol (VIRTUAL), decentralized exchange Jupiter (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">JUP</a>), liquid staking protocol Jito (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">JTO</a>), and decentralized data network Grass (GRASS) to the list, which it publishes every quarter.
Interestingly, VIRTUAL has been the <a href="https://www.benzinga.com/24/12/42717267/2024s-cryptocurrency-champions-these-top-performers-surpass-bitcoin-in-a-year-of-unprecedented-gains">market&#8217;s best performer in 2024</a>, with year-to-date gains of 26043%. Additionally, ENA has been <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42500884/trump-backed-world-liberty-financials-purchases-trigger-strong-rally-in-these-defi-tokens">heavily accumulated</a> by President-elect Donald Trump-backed platform World Liberty Financial.
The asset manager said it considered metrics like network adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks for the inclusion.
Grayscale added that the focus was on assets that touched on themes like the U.S. election and its potential impact on cryptocurrency regulation, decentralized AI technology, and growth in the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ecosystem.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42729068/donald-trumps-9-9-million-crypto-portfolio-over-50-growth-since-september-how-many-cryptocurrencies-does-trump-own">Donald Trump&#8217;s $9.9 Million Crypto Portfolio: Over 50% Growth Since September – How Many Cryptocurrencies Does Trump Own?</a>
The &#8216;Top 20&#8217; list consisted of a diversified set of assets spanning different cryptocurrency sectors, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>), and Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>).
Why It Matters: This decision by Grayscale Research comes in the wake of a transformative forecast for the cryptocurrency industry in 2025. According to a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42724952/2025-outlook-bitcoin-to-150000-ethereum-to-5500-dogecoin-hits-1-galaxy-research-predicts">study</a>&nbsp;by Galaxy Research, the industry is set for significant advances in adoption, infrastructure, and regulatory clarity. 
The research predicted Bitcoin to surpass $150,000 in the first half of 2025, potentially reaching or exceeding $185,000 by the fourth quarter.
The inclusion of these new tokens implied the growing potential of assets tied to decentralized finance and AI, as well as the weight attached to assets that provide utility. 
Price Action: At the time of writing, all of these new entrants to the &#8216;Top 20&#8217; list were down in the 24-hour period, 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 Avi Rozen on Shutterstock
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Trump-Backed Platform's Pick, Year's Chart Topper: 6 New Cryptos Added To Grayscale's 'Top 20' List With Growth Potential In Q1 2025

On Monday, Wedbush analyst Dan Ives unveiled his top 10 tech winners for the AI revolution into 2025, leaving two major Magnificent 7 players notably absent from the list.
What Happened:&nbsp; In his post, Ives said that the companies are poised to ride the wave of a $2 trillion AI capital expenditure boom over the next three years.
His list of top 10 tech winners for the AI revolution: Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Alphabet Inc.'s (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>) Google, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).&nbsp;
&#8216;Magnificent 7&#8217; heavyweights Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) were conspicuously absent from the list.
See Also: <a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a>
"We expect tech stocks to be up 25% in 2025," Ives stated, adding that it will be bolstered by "a goldilocks foundation for Big Tech and Tesla" and reduced regulatory hurdles under a Donald Trump-led administration.
Ives also cautioned about potential "white-knuckle moments" in 2025, citing concerns around Fed actions, China trade dynamics, and stretched valuations.
However, he said, &#8220;This will create the opportunities to own the tech theme and key names which has been our core investing tech playbook the last 2 years.&#8221;
<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 expect tech stocks to be up 25% in 2025 as the Street further digests a less regulatory spider web under Trump in the White House with Khan/FTC days in the rear-view mirror, stronger AI initiatives within the Beltway, and a goldilocks foundation for Big Tech into 2025 &#x1f525;&#x1f3c6;&#x1f402; <a href="https://t.co/buam9doR6K">pic.twitter.com/buam9doR6K</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1873877365572723044?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Apple currently leads the market with an impressive valuation of $3.812 trillion, and its stock has surged by 35.85% year-to-date.
Cupertino introduced Apple Intelligence this year, a robust collection of AI tools and features designed to greatly improve the user experience on its devices.
Following closely is Nvidia, with a market cap of $3.367 trillion and an impressive 185.43% year-to-date increase. Nvidia is anticipated to launch its next-generation RTX 5000 series GPUs at <a href="https://www.benzinga.com/markets/24/12/42677149/nvidia-ces-2025-keynote-how-to-watch-jensen-huang-unveil-the-rtx-5000-series-gpus">CES 2025 scheduled for the second week</a> of January.
Microsoft secures the third spot with a valuation of $3.158 trillion. Alphabet, the parent company of Google, holds a market cap of $2.350.
Amazon rounds out the top five with a valuation of $2.326 trillion, while Meta and Tesla are at number seven and eight with a market cap of $1.492 trillion and $1.339 trillion, respectively.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42717000/palantir-was-not-part-of-cool-kids-club-says-dan-ives-as-stock-surges-376-institutional-investors-were-stuck">Palantir Was Not Part Of &#8216;Cool Kids Club,&#8217; Says Dan Ives, As Stock Surges 376%: &#8216;Group Think&#8217; Mentality Of Institutional Investors Gave Retail The Edge</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

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Palantir, Salesforce, And Snowflake Made The Cut, But 2 'Magnificent 7' Giants Left Out From Dan Ives' Top 10 Tech Winners For The AI Revolution In 2025 List

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