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CLOEU

Clover Leaf Capital Corp. (NASDAQ: CLOEU) has closed its previously announced initial public offering of some 13,831,230 units at $10 per unit&lt;/

Clover Leaf Capital Closes $138.3M IPO

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Benzinga’s Cannabis Hour is a live show for cannabis investors.


Watch Planet 13&#39;s CEO &amp; Matt Hawkins From Entourage Effect Capital At Benzinga Cannabis Hour 7/21

IPOs

Two cannabis-related companies, Clover Leaf Capital and Silver Spike announced they are going public this week. 

New Cannabis IPOs – Clover Leaf Prices $125M, Silver Spike Prices $150M

Clover Leaf Capital Corp Units (1 Ord Share Class A & 1 Right)

Clover Leaf Capital Corp

Macro Economic Events

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Economics

Germany Factory Orders (MoM) For November -5.4% Vs. -0.3% Est.; -1.5% Prior

<ul>
<li>Gross cash proceeds at closing of approximately $701 million</li>
<li>Advances Goodyear Forward transformation plan, optimizes portfolio of brands</li>
<li>Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe</li>
<li>Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop trademarks for use on motorcycle tires in Europe and Oceania</li>
</ul>

SMTUF

Reported Earlier, Goodyear Divests Dunlop Brand For $701M To Sumitomo, Retains Motorcycle Tire Rights In Europe

Kimbell intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its revolving credit facility. At the closing of the pending acquisition of oil and natural gas mineral and royalty interests held by&nbsp;Boren Minerals (the "Acquisition"), as described in Kimbell's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on January 7, 2025, Kimbell intends to fund the cash portion of the purchase price of the Acquisition and related fees and expenses from future borrowings under its revolving credit facility

Reported Earlier, Kimbell Royalty Partners Prices $149M Upsized Public Offering Of 10M Common Units At $14.90/Unit

Reported Earlier, Canaan's Avalon Mini 3 And Nano 3S: Eco-Friendly Bitcoin Mining Devices Unveiled At CES 2025

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. With the anticipated net proceeds, combined with existing cash reserves, the Company expects to have sufficient resources to continue advancing and expanding the development and manufacturing of its photonics, thin-film lithium niobate (TFLN), and quantum technologies.

QUBT

Reported Earlier, Quantum Computing Secures $100M In Private Placement To Fuel Quantum And Photonics Advancements

OpenAI CEO Sam Altman faces allegation from his sister Ann Altman, who filed a lawsuit on Monday claiming sexual abuse, amid multiple legal challenges confronting the artificial intelligence company.
What Happened: In a joint family statement posted on X on Tuesday, Altman&#8217;s mother and brothers strongly denied the accusations, describing them as &#8220;deeply hurtful and entirely untrue.&#8221;
The statement detailed the family&#8217;s attempts to support Ann through various means, including monthly financial assistance and offers to establish a housing trust.
&#8220;The worst allegation she has made is that she was sexually abused by Sam as a child (she has also claimed instances of sexual abuse from others). Her claims have evolved drastically over time. Newly for this lawsuit, they now include allegations of incidents where Sam was over 18,&#8221; said the statement. 
<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">My sister has filed a lawsuit against me. Here is a statement from my mom, brothers, and me: <a href="https://t.co/Nve0yokTSX">pic.twitter.com/Nve0yokTSX</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1876780763653263770?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/01/42865524/amazon-aws-will-invest-at-least-11-billion-in-georgia-to-boost-ai-and-cloud-infrastructure-we-expect-to-create-more-than-550-well-paying-jobs">Amazon AWS To Invest $11 Billion In Georgia To Boost AI And Cloud Infrastructure: &#8216;Expect To Create More Than 550 Well-Paying Jobs&#8217;</a>
Why It Matters: The family statement noted that Ann has previously made multiple allegations against them, including claims of improper withholding of their father&#8217;s 401(k) funds and technical interference with her social media accounts. They expressed concern about her mental health while maintaining their commitment to supporting her &#8220;in the best way we can.&#8221;
This lawsuit emerges as OpenAI, valued at $157 billion and backed by Microsoft Corp., navigates other significant legal challenges. The company already faces a lawsuit from Tesla Inc. CEO Elon Musk, who alleges a <a href="https://www.benzinga.com/24/12/42609769/elon-musk-is-a-legendary-entrepreneur-but-also-a-bully-says-openai-ceo-sam-altman-now-its-me-its-been-bezos-gates-zuckerberg-lots-of-other-people">breach of contract</a> regarding OpenAI&#8217;s shift from its original nonprofit mission.
The legal dispute comes months after Altman&#8217;s <a href="https://www.benzinga.com/news/23/12/36171063/what-really-happened-with-sam-altman-getting-fired-as-openai-ceo-new-details-emerge">brief but dramatic removal</a> as CEO in November 2023, followed by his swift reinstatement after pressure from investors and employees. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/legal/25/01/42865752/tesla-supplier-catl-riot-games-owner-tencent-plan-legal-action-over-pentagon-blacklist-deny-military-ties">Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties</a></li>
</ul>
Image via Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Sam Altman's Sister Files Lawsuit Against OpenAI CEO Alleging Sexual Abuse — Family Respond: 'Deeply Hurtful And Entirely Untrue'

SpaceX CEO Elon Musk said on Tuesday that the company&#8217;s ambitious&nbsp;Starship launch vehicle&#8217;s next flight test is now expected to be&nbsp;next week, later than his previous timeline of Jan. 10.
What Happened: &#8220;Starship flight 7, it looks like it&#8217;s pushed by 3 or 4 days. So probably sometime next week,&#8221; Musk said in a live stream on his social media platform X. 
The CEO had previously said that the company is aiming to launch Starship on its next flight test on Jan. 10, <a href="https://www.benzinga.com/general/space/25/01/42838062/jeff-bezos-vs-elon-musk-blue-origin-looks-to-fly-new-glenn-for-first-time-on-same-day-as-starships-7th-test-flight">the same day</a> as Blue Origin is looking to launch its New Glenn rocket to orbit for the first time.
Musk did not provide the reasons for the delay or if the new timeline was considering the upcoming launch from the Bezos-owned company. 
Targets For Upcoming Flight Test: SpaceX has previously said that its Starship vehicle, currently undergoing testing and development, will launch from Starbase in Texas for its seventh flight test carrying 10 Starlink simulators which are similar in size and weight to the company's next-generation Starlink satellites in a bid to demonstrate its capabilities in the satellite launch segment.
For the upcoming flight, SpaceX is looking to catch the two-stage vehicle&#8217;s booster back at the launch pad at Starbase with the launch tower&#8217;s metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.
The spacecraft, meanwhile, is slated to be splashed down in the Indian Ocean on the upcoming test.
While SpaceX has conducted 6 test flights of its ambitious launch vehicle to date, none of them carried any payload. The last test flight of Starship was in November.
Why It Matters: Starship is key to many big ambitions in the field of space exploration. 
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&nbsp;<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="noreferrer noopener">custom version of the Starship</a>, Musk dreams of taking&nbsp;<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="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard the&nbsp;vehicle.
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.
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:
<ul>
<li><a href="https://www.benzinga.com/25/01/42842059/lucids-q4-deliveries-soar-to-new-highs-gravity-suv-sets-optimism-for-coming-months">Lucid&#8217;s Q4 Deliveries Soar To New Highs, Gravity SUV Sets Optimism For Coming Months</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

SpaceX's Starship 7th Test Flight Delayed, Says Elon Musk: Now Expected Next Week

Key Highlights for December 2024:
Bitcoin Production: Mined 103 BTC, bringing HIVE's HODL portfolio to 2,805 BTC, a 64.6% increase year-over-year.
Mining Capacity: Maintained an average mining capacity of 5.5 Exahash per Second ("EH/s") with fleet efficiency at 22 Joules per Terahash ("J/TH"), reaching a peak BTC only hashrate of 6.0 EH/s, and a peak BTC equivalent hashrate of 6.3 EH/s.
Operational Efficiency: Achieved an average daily production rate of 3.32 BTC, equivalent to 18.8 BTC per Exahash.
Bitcoin Valuation: HIVE's Bitcoin holdings were valued at over $261.9 million as of December 31, 2024, based on a BTC closing price of approximately $93,400.

HIVE

HIVE Digital December 2024 Production Results: Bitcoin Holdings Reach $261.9M With HODL 2,805 BTC (+64.6% YoY), Mining Capacity Hits 5.5 EH/s

Reported Earlier, Accenture Acquires Percipient's Digital Twin Platform To Drive Core Banking Modernization

Jim Cramer urged investors to consider NVIDIA Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) recent stock decline as a buying opportunity, despite the company&#8217;s shares falling 6.22% on Tuesday following CEO Jensen Huang&#8216;s <a href="https://www.benzinga.com/news/global/25/01/42836461/nvidias-ces-2025-vision-sparks-mixed-reactions-ross-gerber-hails-incredible-things-to-come-while-analysts-debate-ai-and-autonomous-driving-ambitions">CES 2025 keynote presentation</a>.
What Happened: &#8220;Understand one thing, the keynote dazzled, the new projects are way ahead of any other company, and this new industrial revolution belongs to Nvidia,&#8221; Cramer <a href="https://www.cnbc.com/2025/01/07/jim-cramer-says-nvidias-pullback-could-be-a-good-chance-to-buy.html">said</a> on CNBC, attributing the stock&#8217;s decline to &#8220;too much hot money&#8221; and broader market concerns about interest rates and inflation rather than company fundamentals.
During his Las Vegas presentation, <a href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack">Huang unveiled next-generation</a> GeForce RTX 5000 series graphics cards and the Grace Blackwell NVLink 72 system, positioning Nvidia at the forefront of AI computing. 
The flagship RTX 5090, priced at $1,999, promises double the performance of its predecessor and features 32GB of GDDR7 memory.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42865957/amazon-poised-to-benefit-from-mexicos-import-tariffs-affecting-temu-heres-what-analyst-says-amid-trumps-warning-on-chinese-goods">Amazon Set To Benefit From Mexico&#8217;s Import Tariffs Affecting Temu, Shein — Analysts See Window Of Opportunity For Established Players</a>
Why It Matters: The presentation sparked mixed reactions from Wall Street analysts. Bank of America&#8216;s Vivek Arya maintained a Buy rating with a $190 price target, describing Nvidia as an &#8220;end-to-end AI shop.&#8221; 
However, Benchmark analyst Cody Acree, while maintaining a Buy rating, noted the keynote may have been &#8220;too technical&#8221; for investors <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42859715/nvidia-stock-drops-after-huangs-ces-keynote-analysts-dub-it-end-to-end-ai-shop">seeking near-term guidance</a>.
Cramer advised investors to consider purchasing shares below the all-time high and monitor the upcoming Labor Department employment data. 
&#8220;If it comes in hot, you will get a chance to buy this stock lower, maybe much lower,&#8221; he said, suggesting current sellers might regret their decisions.
Nvidia&#8217;s expanding influence in AI infrastructure is evident in its partnership with Foxconn, which reported <a href="https://www.benzinga.com/markets/equities/25/01/42837406/amid-nvidias-ces-2025-buzz-investors-overlooked-apple-supplier-foxconns-strong-q4-says-jim-cramer">strong fourth-quarter</a> results driven partly by AI server demand. 
The company is set to release its RTX 5090 and 5080 models on Jan. 30, with more affordable <a href="https://www.benzinga.com/news/global/25/01/42836461/nvidias-ces-2025-vision-sparks-mixed-reactions-ross-gerber-hails-incredible-things-to-come-while-analysts-debate-ai-and-autonomous-driving-ambitions">variants following later</a>.
Price Action: Nvidia&#8217;s stock closed at $140.14 on Tuesday, down 6.22% for the day. In after-hours trading, the stock rose 1.04%. Over the past year, Nvidia&#8217;s stock has surged 168.21%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Nvidia has a <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">consensus price target</a> of $170.56. The highest target is $220, and the lowest is $120. Recent analyst ratings suggest an average target of $161.67, implying a 14.17% upside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08000724/Screenshot-2025-01-08-at-10.36.45%E2%80%AFAM-1024x380.png" alt="" class="wp-image-723139" style="width:646px;height:auto" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/legal/25/01/42865752/tesla-supplier-catl-riot-games-owner-tencent-plan-legal-action-over-pentagon-blacklist-deny-military-ties">Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Jim Cramer Sees Buying Opportunity In Nvidia But Attributes 6% Fall To 'Too Much Hot Money' After Jensen Huang's CES Keynote

<ul>
<li>The AWS Asia Pacific (Thailand) Region gives customers more choice to run workloads and securely store data in Thailand while serving end users with even lower latency</li>
<li>New Region reflects AWS's long-term commitment to meeting high demand for cloud services in Thailand and across Asia Pacific</li>
<li>AWS plans to invest more than $5 billion and support an average of more than 11,000 full-time equivalent jobs annually in Thailand, adding approximately $10 billion to Thailand's GDP</li>
</ul>

AMZN

Reported Earlier, Amazon Web Services Unveils $5B Infrastructure Region In Thailand, Supporting GDP Growth and Innovation

A popular analyst&nbsp;anticipated a further decline in Dogecoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) value on Tuesday amid the broader slump that rocked the cryptocurrency market.
What Happened: Kevin, known for sharing insights and forecasting price movements for the king of meme coins, expressed a bearish outlook in an X post. 
&#8220;If BTC doesn&#8217;t bounce, then this probably has lower to go before finding a bottom,&#8221; the analyst cautioned, linking DOGE&#8217;s destiny with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s largest cryptocurrency.
Kevin had <a href="https://www.benzinga.com/24/12/42477447/dogecoins-fate-tied-to-bitcoin-not-worth-overly-focusing-on-analyst-says-as-apex-memecoin-mirrors-btcs-pullback">previously indicated</a> that DOGE was &#8220;not in control of itself,&#8221; and its fate lies &#8220;purely in Bitcoin&#8217;s hands.&#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">Pretty bearish close for <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>. If <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> doesn&#39;t bounce then this probably has lower to go before finding a bottom. <a href="https://t.co/Rh3wJ3KT3Q">pic.twitter.com/Rh3wJ3KT3Q</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1876788727701188892?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/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/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
On similar lines, More Crypto Online, a widely followed X account dedicated to cryptocurrency technical analysis, projected DOGE to slip to $0.30 after the price dipped below a key support level. 
&#8220;I would therefore not be surprised if the price drops back to 30 cents before making another attempt to rally. In this case, I would view it as an opportunity,&#8221; More Crypto Online said, sensing a chance to buy the dip.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>: While the price has broken below upper micro support the price is currently still holding above the $0.347 support level, though my view is that upper support ideally should not have broken. I would therefore not be surprised if the price drops back to 30 cents before… <a href="https://t.co/ivhWyR29wp">pic.twitter.com/ivhWyR29wp</a>
&mdash; More Crypto Online (@Morecryptoonl) <a href="https://twitter.com/Morecryptoonl/status/1876665663399338321?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: These predictions coincided with sell-offs by DOGE&#8217;s long-term holders. According to <a href="https://app.intotheblock.com/">IntoTheBlock</a>, DOGE holdings of &#8220;Diamond Hands&#8221; dropped by 0.88% in the last 24 hours, contrasting with increases in Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) holdings.
That said, the popular Moving Average Convergence Divergence indicator, which compares two exponential moving averages to assess the momentum of the asset, indicated a ‘Buy&#8217; signal, <a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/">according </a>to TradingView. 
Dogecoin could have a historic 2025, with a top analyst from Galaxy Research predicting that the l<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804970/dogecoin-to-hit-one-dollar-milestone-this-year-says-this-analyst">argest meme coin would surpass $1 for the first time</a> this year.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3551, down 9.33% 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>. Year-to-date, the coin was up 12.50%, compared to nearly 273% in gains in 2024.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>

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

Cryptocurrency

$BTC

$DOGE

$ETH

$TRX

DOGE

Dogecoin To Drop Further? Top Analyst Foresees Possible Dump For Memecoin If Bitcoin Doesn't Bounce

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has launched a China-specific version of its RTX 5090 <a href="https://www.benzinga.com/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549">graphics card</a>, the RTX 5090D.
What Happened: The RTX 5090D has been designed to meet <a href="https://www.benzinga.com/startups/24/10/41209333/jensen-huang-on-china-sanctions-were-exporting-american-technology-which-is-really-terrific-for-the">U.S. trade sanctions</a>, resulting in about a 29% decrease in AI performance compared to the global RTX 5090 model.
The AI TOPS has been reduced from 3,352 to 2,375. Despite this reduction, the RTX 5090D maintains most of the specifications of its international counterpart.
See Also: <a href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack">Jensen Huang Unveils $3000 &#8216;Personal AI Supercomputer&#8217; The Size Of A Small Book: &#8216;It Runs The Entire Nvidia AI Stack&#8217;</a>
The Total Processing Power (TPP) of the RTX 5090D is reported at 4,750, just below the U.S. export limit of 4,800, <a href="https://www.tomshardware.com/pc-components/gpus/nvidia-cuts-down-the-china-specific-rtx-5090d-ai-tops-performance-by-almost-23-percent-to-meet-us-export-guidelines">reported</a> Tom's Hardware.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Specifications</th>
<th>RTX 5090</th>
<th>RTX 5090D</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVIDIA Architecture</td>
<td>Blackwell</td>
<td>Blackwell</td>
</tr>
<tr>
<td>DLSS</td>
<td>DLSS 4</td>
<td>DLSS 4</td>
</tr>
<tr>
<td>AI TOPS</td>
<td>3,352</td>
<td>2,375</td>
</tr>
<tr>
<td>Tensor Cores</td>
<td>5th generation</td>
<td>5th generation</td>
</tr>
<tr>
<td>Ray Tracing Cores</td>
<td>4th generation</td>
<td>4th generation</td>
</tr>
<tr>
<td>Price</td>
<td>Starting at $1,999</td>
<td>From CN¥ 16,499 ($2,250)</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Nvidia</figcaption></figure>
This move follows previous instances where Nvidia narrowly met export guidelines, drawing attention from U.S. Commerce Secretary Gina Raimondo.
The RTX 5090D is scheduled to launch in China on Jan. 30, priced at CN¥ 16,499 ($2,250).
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07224645/Screenshot-2025-01-08-at-9.16.28%E2%80%AFAM-1024x540.png" alt="" class="wp-image-723065" /><figcaption class="wp-element-caption">Source: Nvidia</figcaption></figure>
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Why It Matters: Last year in September, Nvidia CEO Jensen Huang addressed the challenges posed by <a href="https://www.benzinga.com/government/23/10/35345164/is-nvidia-benefiting-from-us-sanctions-on-china">U.S. sanctions on China</a>. He said, "Nvidia is an American company, and our government and the administration would love to see us succeed."
The restrictions aim to block China from leveraging advanced AI chips for military applications, which pose <a href="https://www.benzinga.com/news/24/08/40523419/chinese-firms-are-reportedly-accessing-high-end-nvidia-ai-chips-using-aws-and-microsoft-cloud-servic">potential national security concerns</a>.
However, these measures have also complicated Nvidia&#8217;s ability to sell its high-performance chips in China—a key market that accounted for about 17% of its fiscal 2024 revenue.
Nvidia&#8217;s stock <a href="https://www.benzinga.com/news/events/25/01/42862049/nvidia-stock-closed-tuesday-down-6-after-hitting-all-time-highs-what-happened">experienced a 6% drop</a> after hitting all-time highs on Tuesday, following product announcements at CES 2025. During the event, Huang also unveiled a collaboration with Toyota to integrate its Orin chips into advanced driver-assistance systems.
Price Action: Nvidia&#8217;s stock dropped 6.22% on Tuesday, closing at $140.14. However, it rebounded in after-hours trading, rising 1.04% to $141.60, as per <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
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/trading-ideas/technicals/25/01/42827345/nvidia-soars-amd-stalls-ai-race-heats-up-at-ces-2025">Nvidia Soars, AMD Stalls: AI Race Heats Up At CES 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia 5000 Series: RTX 5090 Version For China Costs $250 More But Its AI Power Cut 29% — Here's Why

E-commerce giants Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) are positioned to strengthen their market dominance in Mexico following the country&#8217;s implementation of new import tariffs targeting Asian competitors, according to Itau BBA analysts.
What Happened: Mexico <a href="https://www.benzinga.com/25/01/42780039/amazons-chinese-rivals-temu-and-shein-got-hit-hard-by-tariffs-in-this-country-is-it-a-sign-of-things-to-come-under-trump">imposed a 19% tax on courier service imports</a> from nations without free-trade agreements, primarily affecting Chinese fast-fashion retailers Shein and PDD Holdings Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Temu. The move comes as Mexico intensifies scrutiny of Chinese imports amid broader trade tensions with Asia.
The policy maintains preferential treatment for U.S. and Canadian imports under the USMCA trade agreement, with exemptions for purchases under $50 and a reduced 17% duty on items valued between $50 and $117. 
This structure particularly benefits Amazon, which sources approximately 30% of its Mexican inventory from the U.S., Itau BBA said, according to Reuters.
While MercadoLibre imports about 15% of its Mexican merchandise from China, analysts expect the company to see net positive effects from reduced competition. The development follows Mexico&#8217;s recent implementation of additional protective measures, including a 35% tariff on finished fabric products and a 15% duty on raw textiles.
See Also: <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">Trump Floats Canada As 51st US State, Says He&#8217;s Ready To Use &#8216;Economic Force&#8217; To Achieve It</a>
Why It Matters: The timing is significant as President-elect Donald Trump has promised &#8220;very serious&#8221; tariffs on Mexican imports, citing concerns about the country serving as a conduit for Chinese goods. Mexican authorities have responded with &#8220;Operation Clean-Up,&#8221; targeting contraband Asian imports.
&#8220;The policy appears designed to close loopholes that previously allowed companies, primarily from China, to redirect goods to the local market through preferential import channels,&#8221; Itau BBA analysts wrote, highlighting the potential for established e-commerce players to capture market share.
The measures come as Mexico grapples with <a href="https://www.benzinga.com/25/01/42780039/amazons-chinese-rivals-temu-and-shein-got-hit-hard-by-tariffs-in-this-country-is-it-a-sign-of-things-to-come-under-trump">inflation above 4%</a>, a factor that had previously helped Asian retailers gain market share through competitive pricing strategies. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/legal/25/01/42865752/tesla-supplier-catl-riot-games-owner-tencent-plan-legal-action-over-pentagon-blacklist-deny-military-ties">Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MELI

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Amazon Set To Benefit From Mexico's Import Tariffs Affecting Temu, Shein — Analysts See Window Of Opportunity For Established Players

Leading executives of the blockchain-based company Ripple Labs met with President-elect Donald Trump, displaying strong bonhomie and potential cooperation for the future.
What happened: On Tuesday, Ripple CEO Brad Garlinghouse posted a photo of himself and the firm's Chief Legal Officer, Stuart Alderoty, with Trump on X.
"Great dinner last night with Donald Trump &amp; Stuart Alderoty," Garlinghouse wrote. "Strong start to 2025!" Trump was seen giving a thumbs-up in the photo.
<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">Great dinner last night with <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> &amp; <a href="https://twitter.com/s_alderoty?ref_src=twsrc%5Etfw">@s_alderoty</a>. Strong start to 2025! <a href="https://t.co/UjM6lahUG4">pic.twitter.com/UjM6lahUG4</a>
&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1876783603603939438?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Alderoty reshared the post, saying, &#8220;And to top it off, the beef bourguignon was really good."
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/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
Why It Matters: The camaraderie comes on the heels of a <a href="https://www.benzinga.com/25/01/42808375/ripple-ceo-celebrates-trumps-impact-on-crypto-industry-says-34th-of-companys-new-hires-us-based">recent disclosure</a> by Garlinghouse that the company's hiring and business deals have become U.S.-focused since Trump's win in the November elections.
He said that about 75% of open roles are now based in the U.S., contrasting with the last four years when the majority of the hires were from outside.
That's not all. Since the elections, XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), a cryptocurrency strongly tied to Ripple's operations, has soared 363% in value.
The coin's Open Interest has ballooned from $690 million just before the elections to $4.25 billion as of this writing, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass, reflecting a 515% surge. A jump in Open Interest implies strong speculative interest.
Some of XRP's technical indicators were also supportive. The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, flashed a &#8220;Buy&#8221; signal for the coin, according to TradingView.
Most moving average indicators also showed a "Buy" reading, indicating that the asset was in an uptrend.
Price Action: At the time of writing, XRP was exchanging hands at $2.33, down 2.98% 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>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>

Politics

$XRP

Trump Meets Top Ripple Executives — CEO Says 'Strong Start To 2025' As Technicals Favor XRP Bulls

Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Contemporary Amperex Technology Co. Limited, two of China&#8217;s leading technology companies, are preparing legal challenges after being added to the U.S. Department of Defense&#8217;s list of Chinese Military Companies on Wednesday.
What Happened: The designation, which primarily affects U.S. defense procurement, triggered significant market reactions. Tencent&#8217;s shares fell 7.8% in Hong Kong trading on Tuesday, while CATL&#8217;s stock dropped 6% in Shenzhen. Both companies strongly denied any military connections and announced plans to engage with U.S. authorities.
Tencent, a major gaming and social media conglomerate, stated in a regulatory filing that it is &#8220;neither a Chinese military company nor a military-civil fusion contributor.&#8221; The company, led by Chairman Ma Huateng, emphasized that the listing wouldn&#8217;t affect its broader business operations or securities trading.
Tencent owns Riot Games, and Supercell, and has stakes in Reddit, Snap, and Epic Games.
CATL, a key supplier to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), similarly rejected the designation, stating it has &#8220;never engaged in any military-related business or activities.&#8221; The company assured shareholders that the listing would not substantially impact its operations.
Both Tencent and CATL have initiated reconsideration processes and indicated their willingness to pursue legal action if necessary.
See Also: <a href="https://www.benzinga.com/25/01/42860759/10-best-stock-traders-in-congress-in-2024-where-do-nancy-pelosi-pete-sessions-susan-collins-marjorie-taylor-greene-rank">Top 10 Stock Traders In Congress For 2024: How Nancy Pelosi, Pete Sessions, Susan Collins, Marjorie Taylor Greene Rank</a>
Why It Matters: This development comes amid escalating <a href="https://www.benzinga.com/government/24/05/39057312/chinese-firms-blacklisted-in-us-rebrand-themselves-as-american-to-avoid-sanctions-imposed-by-biden-a">U.S.-China trade tensions</a>. China&#8217;s Ministry of Commerce recently imposed new trade controls, adding 28 U.S. companies to an export control list and restricting major defense contractors like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from operating in China.
Despite these challenges, Tencent continues to show <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42827152/tencent-strengthens-video-leadership-showcases-revenue-growth-potential-analyst">strong business fundamentals</a>. Goldman Sachs recently maintained a Buy rating on the company, citing its leadership in video entertainment and artificial intelligence development. The company&#8217;s WeChat ecosystem remains robust, with users accessing the app 40-50 times daily.
The Pentagon&#8217;s designation specifically relates to <a href="https://www.benzinga.com/news/global/25/01/42838053/us-adds-tencent-tesla-supplier-catl-to-chinese-military-blacklist-shares-tumble">Section 1260H list compliance</a>, which serves as a warning mechanism for U.S. entities but does not prohibit general business dealings or securities transactions with listed companies. 
Price Action: Tencent&#8217;s stock is trading at HK$ 373.60 ($48.04) on Wednesday, down 1.58% for the day. Over the past year, the stock has gained 29.51%. 
CATL&#8217;s stock is currently trading at CNY 246.28 ($33.59) on Wednesday, down 1.27% for the day. Over the past year, the stock has surged 64.09%.
Read Next: 
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<li><a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">Trump Floats Canada As 51st US State, Says He&#8217;s Ready To Use &#8216;Economic Force&#8217; To Achieve It</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.

Asia

Legal

TCEHY

Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties

Leading cryptocurrencies nosedived, on Tuesday, as the latest economic data poured cold water on interest rate-cut expectations.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:15 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-4.76%</td>
<td>$97,056.00</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>-7.59%</td>
<td>$3,402.50</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>-9.40%</td>
<td>$0.3507</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell to $96,200 late afternoon before dip-buying propelled the leading cryptocurrency up a few notches. This comes a day after it hit $100,000 after a gap of more than two weeks.
Ethereum's decline was steeper as the second-largest cryptocurrency lost nearly 8% of its value in 24 hours, plunging to $3,880.
Cryptocurrency liquidations hit $559 million in the last 24 hours, the highest since Dec. 20. More than $500 million in long liquidations was witnessed.
Top traders on Binance seemed to be buying the dip, as over 63% of them were long on Bitcoin, compared to 36% shorting the cryptocurrency.&nbsp;
About $555 million in short positions risked liquidation if Bitcoin rebounds to $100,000.&nbsp;
The slump cooled the sentiment from "Extreme Greed" to "Greed," according to the Crypto Fear &amp; Greed Index.
Top Losers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Losses </td>
<td>Price (Recorded at 8:15 p.m. ET)</td>
</tr>
<tr>
<td>dYdX (DYDX)</td>
<td>12.33%</td>
<td>$1.43</td>
</tr>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>11.88%</td>
<td>$0.03761</td>
</tr>
<tr>
<td>Lido DAO (LDO)</td>
<td>11.85%</td>
<td>$1.78</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization slumped 5.29% to $3.39 trillion in the last 24 hours.
Stocks faced heavy sell-offs on Tuesday. The Dow Jones Industrial Average lost 178.20 points, or 0.42%, to close at 42,528.36. The tech-heavy Nasdaq Composite slipped 1.89%, ending at 19,489.68, while the S&amp;P 500 fell 1.11% to 5,909.03.
The decline followed a report revealing <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42850914/us-services-sector-growth-tops-forecasts-but-price-pressures-tariff-concerns-cloud-outlook">stronger-than-expected U.S. services sector growth</a>, but a steep increase in the Prices Index stoked fears about inflationary pressures.
According to the CME FedWatch tool, traders priced in a 95% chance that the current interest rate range of 4.25%-4.50% would remain unchanged, up from 91% the day before.
While the equities sold off, yields on risk-free debt rose. The benchmark Treasury yield hit 4.69, its highest since late April.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Michaël van de Poppe weighed in on Bitcoin's latest correction.
"Couldn&#8217;t hold above $98-100,000 and we&#8217;re dropping down. Likely this is going to give a period of consolidation," the analyst predicted.
However, he added that once the correction ends, the entire market will rally, with altcoins witnessing the "strongest bounces."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The chop on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> continues. Couldn&#39;t hold above $98-100K and we&#39;re dropping down. Likely this is going to give a period of consolidation. Correction over? Bounce on the entire markets, strongest <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> have the strongest bounces.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1876702282533757386?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ali Martinez, a widely followed cryptocurrency expert,&nbsp; highlighted the significance of $97,000 as support for Bitcoin.
"If this support holds, BTC may rebound. A break below $97,000, however, could open the door for a dip to $92,000," Martinez projected.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator flashes a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hourly chart, right above the setup trend line and the 200-hour MA, near $97,000. If this support holds, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> may rebound. A break below $97,000, however, could open the door for a dip to $92,000. <a href="https://t.co/jevgNgKyEf">pic.twitter.com/jevgNgKyEf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1876684037416186305?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42815711/bitcoin-is-the-the-grand-daddy-and-outshines-wall-street-anthony-pompliano-says">Bitcoin Is The &#8216;The Grand Daddy&#8217; And Outshines Wall Street, Anthony Pompliano Says</a></li>
</ul>

Movers

Trading Ideas

Bitcoin, Ethereum, Dogecoin Join Equities In Sell-Offs As Economic Data Pours Cold Water On Rate Cut Hopes: $97K Holds Significance For BTC — Here's Why

The U.S. stock market experienced a downturn on Tuesday, with the Nasdaq Composite falling by 1.9% and the S&amp;P 500 dropping by 1.1%. The Dow Jones Industrial Average also declined by 0.4%.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock dropped by 6.22%, closing at $140.14. The stock reached an intraday high of $153.13 and a low of $140.01, with a 52-week high of $153.13. During the CES 2025 keynote, CEO Jensen Huang <a href="https://www.benzinga.com/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549">unveiled the RTX 5000 series GPUs</a>, capturing significant market interest.
Palantir Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s shares fell by 7.81%, closing at $69.99. The day&#8217;s high was $75.39, with a low of $69.75, and a 52-week high of $75.39. <a href="https://www.benzinga.com/25/01/42835519/cathie-woods-monday-moves-dumps-15m-worth-of-hot-stock-palantir-loads-up-amazon-com">Cathie Wood&#8217;s Ark Invest</a> sold $15 million worth of Palantir shares on Monday and <a href="https://www.benzinga.com/25/01/42865484/cathie-woods-tuesday-double-dump-ark-invest-trims-both-palantir-and-bitcoin-etf-holdings">continued selling shares</a> on Tuesday, reflecting mixed analyst ratings.
IonQ Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)
IonQ&#8217;s stock decreased by 2.90%, closing at $49.59. The stock hit a high of $54.74 and a low of $48.73, with a 52-week high of $54.74. The company announced the&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/42825776/ionq-expands-quantum-edge-with-qubitekk-acquisition-stock-soars">acquisition of Qubitekk</a>, enhancing its quantum computing capabilities.
Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)
Moderna shares surged by 11.65%, closing at $47.53. The stock&#8217;s intraday high was $48.92, with a low of $42.86, and a 52-week high of $170.47. The rise follows reports of the <a href="https://www.benzinga.com/general/biotech/25/01/42854890/us-records-first-human-bird-flu-death-high-levels-of-respiratory-illnesses-vaccine-stocks-rally">first U.S. human bird flu death</a>, boosting vaccine stocks.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock fell by 4.06%, closing at $394.36. The stock&#8217;s high was $414.33, with a low of $390, and a 52-week high of $488.54. Despite a recent downgrade by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42856115/tesla-analyst-on-high-stakes-future-optimus-robotaxi-fsd-have-potential-but-execution-risks-loom">Bank of America</a>, investors remain focused on long-term prospects like FSD and robotaxis.
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.
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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>

IONQ

MRNA

PLTR

Nvidia, Palantir, Ionq, Novavax, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced plans to invest $11 billion in Georgia through its cloud division, Amazon Web Services.
What Happened: This investment aims to bolster infrastructure for cloud computing and artificial intelligence technologies.
With the investment in Butts and Douglas counties, "we expect to create more than 550 well-paying jobs," said Roger Wehner, vice president of economic development at AWS.
See Also: <a href="https://www.benzinga.com/personal-finance/25/01/42818961/jeff-bezos-urged-his-brother-and-sister-to-invest-10000-in-amazon-the-stake-grew-15499900-and-its-now-potentially-worth-1-5-billion">Jeff Bezos Urged His Brother And Sister To Invest $10,000 In Amazon – The Stake Grew 15,499,900% And It&#8217;s Now Potentially Worth $1.5 Billion</a>
The expansion of AI and cloud computing has also led to increased electricity consumption in the U.S.
The Electric Power Research Institute projects that by 2030, data centers could account for as much as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40599343/amazon-microsoft-and-other-us-tech-giants-compete-with-bitcoin-miners-over-scarce-energy-s">9% of the electricity produced</a> in the U.S., more than twice their current usage.
Amazon has <a href="https://www.benzinga.com/markets/equities/24/09/40969515/amazon-going-nuclear-hiring-plans-indicate-company-may-be-eyeing-nuclear-to-meet-energy-needs">secured agreements</a> with U.S. utilities, including Talen Energy in Pennsylvania and Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) in Mississippi, to power its data centers across the country.
Why It Matters: Amazon's initiative is part of a larger trend among tech giants to invest heavily in AI. Earlier this month, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced an <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">$80 billion investment</a> for fiscal 2025 to train AI models and deploy cloud applications.
In 2024, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang also identified a <a href="https://www.benzinga.com/markets/equities/24/08/40617133/nvidia-ceo-jensen-huang-identifies-1-trillion-opportunity-amid-generative-ai-shift-data-centers-">$1 trillion opportunity</a>.
"The world builds about $1 trillion worth of data centers. In a few years, $1 trillion worth of data centers will be all accelerated computing," he said during Nvidia's second-quarter earning call.
In December 2024, Amazon also <a href="https://www.benzinga.com/media/24/12/42356920/amazon-halts-inferentia-ai-chip-development-to-take-on-nvidia-how-trainium-is-shaping-up-to-be-the-new-weapon-in-ai-chip-wars">decided to halt the development</a> of its Inferentia AI chip, focusing instead on the Trainium chip to improve cost performance in AI model training.
Price Action: Amazon's stock fell 2.42% on Tuesday, closing at $222.11. However, it recovered slightly with a 0.11% gain in after-hours trading, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. 
Photo by Sundry Photography via Shutterstock
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<li><a href="https://www.benzinga.com/tech/25/01/42803280/consumer-tech-news-dec-30-jan-3-apple-stops-selling-iphone-14-iphone-14-plus-iphone-se-trump-seeks-a-political-resolution-of-tiktok-ban-more">Consumer Tech News (Dec 30-Jan 3): Apple Stops Selling iPhone 14, iPhone 14 Plus, iPhone SE, Trump Seeks A ‘Political Resolution&#8217; Of TikTok Ban &amp; More</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.

Amazon AWS To Invest $11 Billion In Georgia To Boost AI And Cloud Infrastructure: 'Expect To Create More Than 550 Well-Paying Jobs'

On Tuesday, Cathie Wood-led Ark Invest made some significant adjustments to its portfolio. The most notable of these was the sale of shares in Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) across multiple ETFs, coupled with a substantial sale of ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
The Palantir Trade
Ark Invest&#8217;s decision to offload Palantir shares may come as a surprise to many, given the company&#8217;s impressive 355% surge over the past 12 months. The investment firm continued to dump shares of the hot stock. On Tuesday, it offloaded 4,890 shares valued at $342,251 through 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>). Palantir stock ended the day sharply lower by 7.8% at $69.99. Tuesday&#8217;s sale follows Ark&#8217;s <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42843542/palantir-stock-the-ark-is-rocking-as-palantirs-rally-hits-resistance">disposal of shares</a> worth roughly $15 million on Monday. Despite the sale, Wood remains a long-time supporter of tech disruptors. However, this move underscores growing concerns about Palantir's valuation, especially following Morgan Stanley&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/42835613/jim-cramer-predicts-palantir-buying-surge-tonight-after-morgan-stanleys-underweight-rating-unless-another-analyst-starts-with-a-sell">recent downgrade</a> to "underweight," setting a $60 price target on the stock.
The ARK 21Shares Bitcoin ETF Trade
On the same day, Ark Invest also made a significant sale of its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF. The firm sold 18,239 ARK 21Shares Bitcoin ETF units from ARKW. On Tuesday ARKB ended the day 5.8% lower at $96.19. Bitcoin was seen trading 5.2% lower at $96,728.42 at the time of writing. Significantly lower than the psychologically important $100K mark.
This trade comes amidst a favorable environment for crypto gains. Former BitMEX CEO Arthur Hayes predicted Bitcoin&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42854789/bitcoin-could-peak-by-late-march-arthur-hayes-says-heres-why">price could peak</a> in late March 2025 due to increased dollar liquidity. He highlighted liquidity injections from the Fed&#8217;s Reverse Repo Facility and Treasury&#8217;s General Account, cautioning the positive trend may reverse with debt ceiling pressures.
Other Key Trades:
<ul>
<li>Ark Purchased shares of Gitlab. and Illumina.</li>
<li>The firm loaded up on shares of Pacific Biosciences of California </li>
<li>Ark sold shares of Archer Aviation, Cloudflare and Adaptive Biotechnologies.</li>
</ul>
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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>

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