Dogz - DOGZ

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Dogness (Intl)

Dogness (International) Corp designs, manufactures pet products, including leashes and smart products, and lanyards. The company designs, processes, and manufactures fashionable and high-quality leashes, collars, and harnesses to complement cats' and dogs' appearances, as well as intelligent pet products. The company also provides dyeing services to external customers, as well as pet grooming services. The dyeing service is to utilize the existing production capacity and the pet grooming service is immaterial. Geographically, it generates maximum revenue from Mainland China and also has a presence in the United States, Europe, Australia, Canada, Central, and South America, Japan, and other Asian countries and regions.

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Dogness (International) Corporation - Class A Common Stock

Dogness (International) Corp

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has reported exceptional fourth-quarter earnings and the semiconductor giant led by Jensen Huang has more than doubled its data center revenue for the full year, posting record quarterly growth compared to its peers.
What Happened: The chipmaker&#8217;s data center revenue exploded in the fourth quarter, hitting a record $35.6 billion. This represents a dramatic 93.5% jump from the same period last year and a solid 15.6% increase from the previous quarter&#8217;s $30.8 billion.
On an annual basis, the revenue for fiscal 2024 was nearly $47.5 billion, which grew more than two times to $115.3 billion in fiscal 2025.
The revenue of its peers, Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) also grew sequentially. However, Intel&#8217;s revenue dropped from the same quarter last year.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Period</td>
<td>Nvidia</td>
<td>Intel</td>
<td>AMD</td>
</tr>
<tr>
<td>Q1 2022</td>
<td>$3.8B</td>
<td>$6.1B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q2 2022</td>
<td>$3.8B</td>
<td>$4.7B</td>
<td>$1.5B</td>
</tr>
<tr>
<td>Q3 2022</td>
<td>$3.8B</td>
<td>$4.4B</td>
<td>$1.6B</td>
</tr>
<tr>
<td>Q4 2022</td>
<td>$3.6B</td>
<td>$4.6B</td>
<td>$1.7B</td>
</tr>
<tr>
<td>Q1 2023</td>
<td>$4.3B</td>
<td>$3.7B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q2 2023</td>
<td>$10.3B</td>
<td>$4.0B</td>
<td>$1.3B</td>
</tr>
<tr>
<td>Q3 2023</td>
<td>$14.5B</td>
<td>$3.8B</td>
<td>$1.6B</td>
</tr>
<tr>
<td>Q4 2023</td>
<td>$18.4B</td>
<td>$4B</td>
<td>$2.3B</td>
</tr>
<tr>
<td>Q1 2024</td>
<td>$22.6B</td>
<td>$3B</td>
<td>$2.3B</td>
</tr>
<tr>
<td>Q2 2024</td>
<td>$26.3B</td>
<td>$3B</td>
<td>$2.8B</td>
</tr>
<tr>
<td>Q3 2024</td>
<td>$30.8B</td>
<td>$3.3B</td>
<td>$3.5B</td>
</tr>
<tr>
<td>Q4 2024</td>
<td>$35.6B</td>
<td>$3.4B</td>
<td>$3.9B</td>
</tr>
</tbody>
</table>
</figure>
&#8220;Data centers will increasingly become AI factories, and every company will have either rented or self-operated,&#8221; said Huang during the earnings call.
Highlighting a firm future outlook, Huang added, &#8220;We expect sequential growth from both compute and networking.&#8221;
As Wedbush analyst Dan Ives highlighted the company&#8217;s strength in &#8220;AI Revolution,&#8221; FinChat replied to his X post sharing quarterly data of Nvidia&#8217;s data center revenue over five years. From $1 billion in the January quarter of 2020, the revenue has grown by 3460% to $35.6 billion in the quarter ended January 2025. 
<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">Data Center Revenue up ~10x in 2 years. Wild growth. <a href="https://t.co/8yTJl55vIg">pic.twitter.com/8yTJl55vIg</a>
&mdash; FinChat (@finchat_io) <a href="https://twitter.com/finchat_io/status/1894871461984112744?ref_src=twsrc%5Etfw">February 26, 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/general/market-summary/25/02/43969651/billionaire-ray-dalio-says-ai-risks-totalitarian-control-or-anarchy-as-it-could-reshape-world-in-next-5-years-here-is-a-list-of-ai-linked-etfs-for-investors-to-consider">Billionaire Ray Dalio Says AI Risks &#8216;Totalitarian Control Or Anarchy&#8217; As It Could Reshape World In Next 5 Years: Here Are AI-Linked ETFs For Investors To Consider</a>
Why It Matters: Intel dominated the data center market in 2022, but its reign faltered in 2023 as Nvidia surged ahead. AMD, meanwhile, experienced a slow burn in 2022 and 2023 before igniting in late 2023.
Intel&#8217;s interim CEO, Michelle Holthaus said during its fourth-quarter earnings call that the data center business is an attractive market for the company, &#8220;But I am not happy with where we are today.&#8221;
&#8220;We&#8217;re not yet participating in the cloud-based AI data center market in a meaningful way. We have learned a lot as we have ramped Gaudi and we are applying those learnings going forward,&#8221; she added.
Meanwhile, AMD&#8217;s fourth-quarter data center segment revenue increased 69% year-over-year to a record $3.9 billion.
AMD CEO Lisa Su expects strong double-digit growth in its data center business throughout 2025, driven by high demand for both server and GPU products.
Price Action: Nvidia rose 3.67% on Wednesday and fell 1.49% in after-hours, this outpaced the 0.24% rise in the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index.
The stock remains 5.08% lower on a year-to-date basis and up 66.81% over a year.
<a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">Benzinga tracks 40 analysts</a> with an average price target of $172.28 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $120 to $220. Recent ratings from Rosenblatt, Morgan Stanley, and Tigress Financial average $197.33, suggesting a potential 52.59% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="380" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27013016/NVDA-ANR-1024x380.png" alt="" class="wp-image-800817" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27013016/NVDA-ANR-1024x380.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27013016/NVDA-ANR-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27013016/NVDA-ANR-768x285.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27013016/NVDA-ANR.png 1063w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43932776/mark-cuban-slams-fd-up-healthcare-system-blames-insurance-designed-deductibles-for-patient-bankruptcy">Mark Cuban Calls Deductibles &#8216;The Biggest Problem&#8217; in Healthcare: &#8216;System…Needs To Be Redesigned&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Equities

Market Summary

Analyst Ratings

INTC

NVDA

Jensen Huang's Nvidia Fuels 'AI Factory' Boom: Revenue Growth In Data Center Business Dominates Peers With A Staggering 3460% Growth Over 5 Years

Reported Earlier, Suncor Energy Renews NCIB, Plans To Repurchase Up To 10% of Public Float In 2025-2026

Hafnia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.17 by 5.88 percent. The company reported quarterly sales of $352.80 million which beat the analyst consensus estimate of $252.00 million by 40.00 percent.

Earnings Beats

Earnings Misses

HAFN

Hafnia Q4 2024 GAAP EPS $0.16 Misses $0.17 Estimate, Sales $352.80M Beat $252.00M Estimate

Euronav (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMBT#NYSE">CMBT</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.31 by 54.84 percent. This is a 76.35 percent decrease over earnings of $2.03 per share from the same period last year. The company reported quarterly sales of $229.03 million which beat the analyst consensus estimate of $199.25 million by 14.95 percent. This is a 15.45 percent decrease over sales of $270.88 million the same period last year.

CMBT

Euronav Q4 2024 GAAP EPS $0.48 Beats $0.31 Estimate, Sales $229.03M Beat $199.25M Estimate

Cool Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) reported quarterly sales of $84.57 million which beat the analyst consensus estimate of $84.06 million by 0.60 percent. This is a 4.79 percent decrease over sales of $88.82 million the same period last year.

CLCO

Cool Co Q4 Sales $84.57M Beat $84.06M Estimate; Net Income $29.39M Up From $22.42M YoY

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

Guidance

ADTN

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

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

ARGX

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

Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) expects Paramount+ subscriber growth to slow in the first quarter of 2025 as the impact of major content releases and the Super Bowl fades.
What Happened: On Wednesday, during the company's fourth-quarter earnings call, Paramount reported strong momentum for its streaming platform, adding 5.6 million subscribers in the fourth quarter, marking its best quarter in two years.
The surge was largely driven by high-profile content such as Landman, Tulsa King, and Lioness, along with a major <a href="https://www.benzinga.com/general/entertainment/24/02/37085784/123m-viewers-make-super-bowl-2024-most-watched-tv-event-ever-paramount-revels-in-streaming-">viewership boost from</a> the Super Bowl.
See Also: <a href="https://www.benzinga.com/media/25/02/43996522/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-his-brand-to-the-next-level">MrBeast Lost Millions On Amazon&#8217;s &#8216;Beast Games&#8217;—Now He&#8217;s Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a>
"We expect continued subscriber growth at Paramount+, though not at the same level as Q4 given the timing of content releases," added Naveen Chopra, Paramount's CFO.
The Super Bowl provided a massive one-time boost, but Paramount+ will need its hit series lineup and international expansion to maintain momentum.
The company still expects profitability for its domestic streaming business in 2025, but the first quarter will serve as a critical test of whether Paramount+ can hold its ground without a major live event to drive signups.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Paramount Global missed Wall Street&#8217;s fourth-quarter revenue estimates on Wednesday. A decline in its cable TV unit overshadowed strong subscriber growth for Paramount+.
The company <a href="https://www.benzinga.com/quote/PARA">posted</a> $7.98 billion in revenue, falling short of the expected $8.07 billion.
During the earnings call, Paramount Global co-CEO George Cheeks confirmed that the company remains on track to finalize the Skydance merger in the first half of the year.
The Paramount-Skydance deal still requires approval from FCC Chairman Brendan Carr. He has launched a news distortion inquiry into the 60 Minutes segment, with results expected <a href="https://in.benzinga.com/markets/25/02/43579254/trump-vs-cbs-president-threatens-license-over-fraud-and-claims-of-edited-kamala-harris-interview">no sooner than late March</a>.
Price Action: At the time of writing, Paramount&#8217;s Class A shares dipped 0.85% in after-hours trading to $22.25, while Class B shares declined 2.24% to $10.97. During Wednesday's regular session, Class A closed 1.54% lower at $22.44, and Class B fell 2.43% to $11.22, per <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43457741/paramount-inks-groundbreaking-deal-with-nielsen-for-data-services">Paramount Resumes Partnership With Nielsen For Data Services: Details</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Entertainment

Tech

PARA

PARAA

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

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

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

On Thursday, Japanese <a href="https://www.benzinga.com/tech/25/01/43380849/toyota-retains-top-selling-automaker-position-while-continuing-to-trail-tesla-byd-in-ev-sales" target="_blank" rel="noopener">carmaker</a> Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) said that its production of Toyota and Lexus brand vehicles worldwide rose by about 6% in January, marking the first year-on-year increase in 12 months.
What Happened: The company&#8217;s worldwide production rose 5.6% to 781,729 units in January, on the back of a 22% jump in production within Japan which offset a 1.4% decline in production outside home ground. 
Sales of Toyota and Lexus brand vehicles rose by a meager 0.1% to 785,632 units in January on the back of a 12.5% jump in Japan spurred by the introduction of new vehicles. Sales outside of Japan, however, fell by 2% to 659,098 units following a significant drop in sales in China owing to severe market conditions and intensifying price competition.
In North America, sales fell by 1.1% to 191,186 units. 
Toyota&#8217;s&nbsp;EV Sales:&nbsp;The company sold 382,458 electrified Toyota and Lexus vehicles globally last month, marking a jump of about 18% from Jan.2024.&nbsp;<a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Electrified vehicles</a>&nbsp;refer to hybrids, plug-in hybrids, battery electric vehicles, mild hybrids, and fuel-cell electric vehicles.
Pure electric vehicles or BEVs accounted for just 3% of Toyota&#8217;s overall electrified vehicle sales last month. 
Unit Performance: <a href="https://www.benzinga.com/markets/25/02/43488964/toyota-stock-rises-3-pre-market-after-it-upgrades-full-year-forecast-despite-drop-in-q3-earnings">Toyota&#8217;s subsidiary</a> Daihatsu reported a 40.2% increase in sales in January to 52,343 units after sales within Japan more than doubled and offset a drop in sales outside the country.
Hino Motors, however, witnessed a 5.6% drop in global sales following a steep 14.3% drop in sales outside Japan. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/02/43967170/lucids-interim-ceo-clarifies-on-peter-rawlinsons-earlier-statement-doesnt-mean-we-are-deprioritizing-our-automotive-car-business">Lucid&#8217;s Interim CEO Clarifies On Peter Rawlinson&#8217;s Earlier Statement: &#8216;Doesn&#8217;t Mean We Are Deprioritizing Our Automotive Car Business&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

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

Litecoin and Avalanche both traded in the green Wednesday, defying the blood-soaked charts of other established coins.
What happened: LTC rose 2.85% in the last 24 hours, while its trading volume zoomed 34% to $1.94 billion.&nbsp;
The coin, created from the hard fork of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), surged to an intraday high of $128.14 earlier in the day before retracing to $122.
While there was no specific trigger for the rally,&nbsp; traders may be pricing in a high probability of a Litecoin spot exchange-traded fund approval this year. In the last few weeks, the SEC has <a href="https://in.benzinga.com/trading-ideas/movers/25/01/43328116/litecoin-spikes-over-11-after-sec-acknowledges-etf-filing-market-regulator-says-ltc-very-similar-to-bitcoin">acknowledged </a>spot ETF filings by Grayscale, Canary Capital, and CoinShares&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:55 p.m. ET)</td>
</tr>
<tr>
<td>Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>)</td>
<td>+2.85%</td>
<td>$122.61</td>
</tr>
<tr>
<td>Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>)</td>
<td>+1.05</td>
<td>$22.30</td>
</tr>
</tbody>
</table>
</figure>
Additionally, AVAX lifted 1.05% on the launch of its Visa credit card, which allows users to buy products directly with their cryptocurrency without having to convert it to fiat.
Avalanche, like Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), is a smart contract-based network, enabling the development of decentralized applications on top of it.
<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 Avalanche Card is designed for a world where crypto isn't just held—it's used. A new way to connect, without relying on mainstream tools. Use your AVAX anywhere Visa is accepted, available digitally &amp; physically for ultimate convenience. <a href="https://t.co/TD53puRSuE">pic.twitter.com/TD53puRSuE</a>
&mdash; Avalanche&#x1f53a; (@avax) <a href="https://twitter.com/avax/status/1894749174824124449?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<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/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
The gains contrasted with the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">broader market meltdown</a>, with the total capitalization shrinking by 4.35% in the last 24 hours.
The slump was exacerbated by Bitcoin's drop below $83,000, its lowest in 15 weeks. Large-cap cryptocurrencies like Ethereum and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) fell 6.74% and 3.15%, respectively.
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43965125/bybit-hacker-launders-nearly-30-of-hacked-1-4-billion-eth-in-5-days-needs-only-8-10-days-to-finish-the-job">Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job</a></li>
</ul>

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

Cryptocurrency

$AVAX

$BTC

$ETH

$LTC

$SOL

Bitcoin Spin-Off Litecoin, 'Ethereum Killer' Avalanche Weather Crypto Meltdown, Here's Why LTC, AVAX Are Spiking

Artificial intelligence-related cryptocurrencies were the market&#8217;s biggest gainers on Wednesday as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shattered its fourth-quarter revenue record.
What happened: KAITO, the native token of the AI-powered InfoFi network, soared over 40% to become the most successful cryptocurrency in the last 24 hours.&nbsp;
The coin's trading volume nearly tripled to $1.87 billion in the last 24 hours, exceeding established coins like Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>).
IP, the native token of Layer-1 blockchain Story, rallied over 19% to generate the second-best returns.&nbsp;
Launched barely two weeks ago, the coin has accumulated a market capitalization of over $1 billion and has been up a whopping 569% since its debut.
The blockchain project helps creators register, license, and monetize their intellectual property assets in an AI-driven world.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43963817/gamestop-themed-cryptos-soar-after-vivek-ramaswamy-co-founded-firms-ceo-urges-bitcoin-investment-graduate-from-being-meme-stock-to-sector-leader">GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm&#8217;s CEO Urges Bitcoin Investment: Graduate From Being &#8216;Meme Stock&#8217; To Sector Leader</a>
AI16Z, the token associated with ai16z—a venture capital firm led by Al agents—gained 15% on the day.
The overall market valuation of AI tokens rose by 1.8% in the last 24 hours, <a href="https://www.coingecko.com/en/categories/artificial-intelligence">according </a>to CoinGecko.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:00 p.m. ET)</td>
</tr>
<tr>
<td>KAITO (KAITO)</td>
<td>+40.37%</td>
<td>$2.44</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+19.08%</td>
<td>$6.65</td>
</tr>
<tr>
<td>ai16z (AI16Z)</td>
<td>+15.13%</td>
<td>$0.3723</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: The spike came after Nvidia <a href="https://in.benzinga.com/news/earnings/25/02/43991607/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-demand-for-blackwell-is-amazing">reported record fourth-quarter and full-year fiscal revenue </a>after Wednesday&#8217;s market close. The quarterly revenue and earnings exceeded analysts' expectations.&nbsp;
That said, shares of the chip-making giant were down 1,49% in after-hours trading, indicating that investors' lofty expectations were not met.
The surge defied the <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">broader downturn</a> in the market, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipping below $83,000 for the first time in 15 weeks.
Price Action: Shares of NVDA closed 3.67% higher at $131.28 during Wednesday's regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
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$ADA

$PEPE

$TRX

Nvidia's Q4 Revenue, Earnings Beat Drives AI-Based Cryptos Higher Even As Major Coins Bleed

Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and owner of the Washington Post, announced Wednesday a significant shift in the newspaper&#8217;s opinion section that will prioritize viewpoints <a href="https://www.benzinga.com/25/02/43760885/jeff-bezos-owned-washington-post-turns-down-ad-campaign-that-asked-whos-running-this-country-donald-trump-or-elon-musk">supporting free markets and personal liberties</a>.
What Happened: In a note shared on X, Bezos wrote that the Post&#8217;s opinion pages will now focus on &#8220;two pillars: personal liberties and free markets,&#8221; with opposing viewpoints &#8220;left to be published by others.&#8221; He justified the change by noting that while newspapers once served readers by <a href="https://www.benzinga.com/general/space/25/01/43372393/bezos-vs-bezos-amazon-files-lawsuit-related-to-washington-post-in-major-conflict-of-interest-for-billionaire">providing diverse opinions</a>, &#8220;Today, the internet does that job.&#8221;
&#8220;I am of America and for America, and proud to be so,&#8221; Bezos stated. &#8220;Freedom is ethical — it minimizes coercion — and practical — it drives creativity, invention, and prosperity.&#8221;
The shift has already resulted in editorial changes. David Shipley, the Post&#8217;s current opinion editor, will step down rather than lead the new direction. Bezos acknowledged, &#8220;This is a significant shift, it won&#8217;t be easy, and it will require 100% commitment.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I shared this note with the Washington Post team this morning: I'm writing to let you know about a change coming to our opinion pages. We are going to be writing every day in support and defense of two pillars: personal liberties and free markets. We'll cover other topics too…
&mdash; Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1894757287052362088?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The announcement drew swift criticism from prominent figures. Sen. Bernie Sanders (I-VT) characterized the move as &#8220;Oligarch ownership of the media,&#8221; claiming Bezos &#8220;has now declared that the editorial page of that paper is going Trump right-wing.&#8221;
<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">This is what Oligarch ownership of the media looks like: The second-richest guy in the world, Bezos, owns The Washington Post. He has now declared that the editorial page of that paper is going Trump right-wing. Surprise, Mr. Musk agrees. We must support independent media.
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1894806582262706652?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Former Labor Secretary Robert Reich warned, &#8220;When billionaires take control of vital communication platforms, it&#8217;s not a win for free speech. It&#8217;s a win for oligarchy.&#8221;
<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">When billionaires take control of vital communication platforms, it's not a win for free speech. It's a win for oligarchy. And when those billionaires justify their business motives by citing "freedom," what they actually seek is freedom from accountability. Don&#39;t be fooled. <a href="https://t.co/LIp2uHH1mP">https://t.co/LIp2uHH1mP</a>
&mdash; Robert Reich (@RBReich) <a href="https://twitter.com/RBReich/status/1894778112803516877?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43996653/jensen-huang-no-technology-has-ever-touched-more-of-the-worlds-gdp-than-ai-but-nvidia-shares-slip-in-after-hours-trading">Jensen Huang: &#8216;No Technology Has Ever Touched More Of The World&#8217;s GDP Than AI&#8217; But Nvidia Shares Slip In After-Hours Trading</a>
Why It Matters: Rep. Adam Schiff (D-Calif.) called it &#8220;another act of self-censorship to serve business interests&#8221; that would &#8220;constrain the liberty of its editors to publish opinions not advancing its owner&#8217;s business interests.&#8221;
<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">Another act of self-censorship to serve business interests. Another capitulation. In the guise of advancing "personal liberty" the Washington Post will constrain the liberty of its editors to publish opinions not advancing its owner's business interests. <a href="https://t.co/m3RRgSkP6c">https://t.co/m3RRgSkP6c</a>
&mdash; Adam Schiff (@SenAdamSchiff) <a href="https://twitter.com/SenAdamSchiff/status/1894811668179210490?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The announcement received support from Tesla Inc. CEO Elon Musk, who responded on X with &#8220;Bravo, Jeff Bezos!&#8221; Musk, who has frequently criticized mainstream media organizations for alleged bias, has positioned X (formerly Twitter) as a platform for <a href="https://www.benzinga.com/startups/24/12/42496960/elon-musk-tried-to-create-a-new-intergalactic-media-empire-called-thud-he-offered-2-million-to-onion-editors-and-poached-staff-away">more transparent news</a>.
<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">Bravo, <a href="https://twitter.com/JeffBezos?ref_src=twsrc%5Etfw">@JeffBezos</a>! <a href="https://t.co/XZOxVryVTa">https://t.co/XZOxVryVTa</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1894765014256370007?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43996033/bitcoin-ethereum-dogecoin-plunge-deeper-on-trumps-tariff-threats-analyst-hopeful-btc-will-touch-93500-in-relief-rally">Bitcoin, Ethereum, Dogecoin Plunge Deeper On Trump&#8217;s Tariff Threats: Analyst Hopeful BTC Will Touch $93,500 In Relief Rally</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Media

AMZN

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

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

DELL

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

Macro Economic Events

Econ #s

Economics

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

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

Price Target

BBWI

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

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

MARA

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

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

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

A Canadian regulator announced Wednesday it will require Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) to pay a fee to cover the costs of enforcing the country&#8217;s Online News Act, adding to growing tensions between Canada and the United States <a href="https://www.benzinga.com/news/global/25/02/43926015/trump-confirms-tariffs-on-canada-mexico-will-take-effect-as-planned">over trade and technology policies</a>.
The Canadian Radio-television and Telecommunications Commission said the fee will take effect on Apr. 1, with no upper limit established, Reuters reported. Google previously objected during public consultations, arguing it was &#8220;not a rational approach&#8221; to impose all costs on one entity.
Despite these objections, Google had already agreed to pay C$100 million annually to news publishers to maintain news <a href="https://www.benzinga.com/news/21/02/19594268/google-launches-paid-news-showcase-platform-in-uk-cnbc">content in search results</a>. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), the only other company meeting the size threshold under the law, instead chose to block news on its Facebook and Instagram platforms in Canada.
The regulation represents part of a global trend requiring tech giants to compensate news organizations. The CRTC noted in its policy notice that the recovery costs can only be levied on <a href="https://www.benzinga.com/24/11/42238248/google-faces-historic-antitrust-lawsuit-in-canada-demanding-sale-of-key-ad-tech-tools">digital platforms covered by the law</a>.
Price Action: Alphabet&#8217;s Class A stock closed at $172.73 on Wednesday, down 1.53%, while Class C fell 1.51% to $174.70, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
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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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Google-Parent Alphabet Gets Slapped With New Fee By Canada To Fund Online News Act —  Tech Policy Tensions Escalate

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

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