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

GCT Semiconductor Hldgs (NYSE:GCTS) Stock, Option Chain

GCT Semiconductor Hldgs

GCT Semiconductor Holding Inc. is a designer and supplier of 5G and 4G LTE semiconductor solutions. It enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc. The system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness.

News

Movers

GCTS

GCT Semiconductor signed a Memorandum of Understanding with Samsung to accelerate the development of 4G and 5G chipsets and modules.

Why GCT Semiconductor Shares Are Moving Lower Tuesday

xr:d:DAFtptnUKD0:2,j:6917931066219578653,t:23090606

Intraday Update

Markets

Trading Ideas

AGEN

ALBT

AMRN

ANNX

ARCH

BARK

BBWI

CAMP

CAPT

CBUS

CCLD

Core Scientific, Inc. - Class A Common Stock

CORZ

DAVE

FWRD

HLVX

HUMA

JDZG

MBOT

MITQ

MLGO

MRIN

NDRA

NIVF

OBLG

SAIA

SINT

SKYW

SOBR

WIMI

WULF

YGMZ

ZLAB

Why Core &amp; Main Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Image46

Pre-Market Outlook

$BTC

AGRI

AILE

BRLS

CSLR

INDO

IONM

MKFG

MTEN

RIOT

SBFM

SPCB

TRSG

TTOO

VAXX

Shares of Riot Platforms, Inc. (NASDAQ:RIOT) rose sharply in today&#39;s pre-market trading amid a rise in Bitcoin.



Bitcoin (CRYPTO: BTC) prices gained around 1.5% over the past 24 hours to $66,012 this morning.

Why Riot Platforms Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

GCT Semiconductor Holding, Inc. Common Stock

GCT Semiconductor Holding Inc

GCT Semiconductor Holding, Inc. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">84.23</td>
<td align="right">0.30</td>
<td align="right">0.35</td>
<td>22.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">238.92</td>
<td align="right">0.85</td>
<td align="right">0.35</td>
<td>9.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">229.70</td>
<td align="right">0.53</td>
<td align="right">0.23</td>
<td>438</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.19</td>
<td align="right">0.13</td>
<td align="right">0.17</td>
<td>4.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.49</td>
<td align="right">0.07</td>
<td align="right">0.14</td>
<td>21.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.88</td>
<td align="right">0.13</td>
<td align="right">0.09</td>
<td>3.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">78.97</td>
<td align="right">0.05</td>
<td align="right">0.06</td>
<td>420</td>
</tr>
</tbody>
</table>
No loser in today's Pre-market session. 
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

ETFs

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For December 25, 2024

CSX's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NYSE">CSX</a>) short percent of float has risen 20.97% since its last report. The company recently reported that it has 28.87 million shares sold short, which is 1.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.15 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CSX Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735131622_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CSX has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CSX's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CSX's peer group average for short interest as a percentage of float is 7.29%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(CSX) - Analyzing CSX's Short Interest

Ford Motor Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) F-150 Lightning sales have been falling in the U.S. over the past two months as compared to the corresponding months of 2023, while sales of its rival, <a href="https://www.benzinga.com/topic/cybertruck">the Cybertruck</a>, rose significantly.
Quarterly Sales Comparison: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) started delivering Cybertrucks to customers in the U.S. in late November 2023. Since then, the company has been ramping up deliveries.
In the quarter that ended in September, <a href="https://www.benzinga.com/news/24/10/41325252/tesla-cybertruck-leads-the-pack-as-most-popular-ev-truck-in-us-in-q3-outselling-rivals-from-ford-gm">Tesla delivered 16,692 Cybertruck vehicles</a> in the U.S., according to data from automotive research company Kelley Blue Book. Ford, in the meantime, managed to sell just 7,162 F-150 Lightnings.
This number, though higher than the number of EV trucks delivered by the company in the corresponding quarter of 2023, placed the conventional Ford truck behind its stainless steel counterpart.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="476" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23053934/gB1eV-quarterly-sales-of-f-150-lightning-amp-cybertruck-1024x476.png" alt="" class="wp-image-703836" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23053934/gB1eV-quarterly-sales-of-f-150-lightning-amp-cybertruck-1024x476.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23053934/gB1eV-quarterly-sales-of-f-150-lightning-amp-cybertruck-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23053934/gB1eV-quarterly-sales-of-f-150-lightning-amp-cybertruck-768x357.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23053934/gB1eV-quarterly-sales-of-f-150-lightning-amp-cybertruck.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Cybertruck sales overtook F-150 Lightning sales for the first time in the second quarter of 2024 despite the latter having a lower starting price. Cybertruck has been keeping its lead for two quarters straight.
Furthermore, Cybertruck sales have been rising drastically compared to Ford&#8217;s Lightning sales which have remained more or less stable at around 7,000-8,000 units over the last three quarters.
Thus Far Into Q4: F-150 Lightning sales have been falling over the past two months. Ford sold just 5,506 Lightnings in October and November put together as compared to 8,105 in the corresponding period last year. 
In the last quarter of 2023, the Lightning was, in fact, the best-selling electric truck in the U.S.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="368" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23055647/1Qq5V-f-150-lightning-sales-1024x368.png" alt="" class="wp-image-703877" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23055647/1Qq5V-f-150-lightning-sales-1024x368.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23055647/1Qq5V-f-150-lightning-sales-300x108.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23055647/1Qq5V-f-150-lightning-sales-768x276.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23055647/1Qq5V-f-150-lightning-sales.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Unlike Ford which shares monthly sales data, Tesla doesn&#8217;t. It is unclear how many Cybertrucks were sold in October and November this year. 
Demand Challenges: However, both the Lightning and Cybertruck are seemingly faced with demand challenges. In November, Benzinga reported that Ford will pause the production of its&nbsp;<a href="https://www.benzinga.com/topic/ford-f-150-lightning" target="_blank" rel="noreferrer noopener">F-150 Lightning pickup</a>&nbsp;truck for&nbsp;<a href="https://www.benzinga.com/news/24/11/41677673/ford-f-150-lightning-pickup-truck-production-to-be-halted-temporarily-after-teslas-cybertruck-races" target="_blank" rel="noreferrer noopener">six weeks from Nov. 18 to Jan.6</a>&nbsp;at the Rouge Electric Vehicle Plant.
"We continue to adjust production for an optimal mix of sales growth and profitability,&#8221; Ford said about the decision then.
Tesla, meanwhile, told its workers on the Cybertruck production line at Giga Texas that they need not report to work for three days from Dec. 3 to Dec. 5, implying that both companies have inventory exceeding demand. 
Price Point Comparison: The F-150 Lightning is a cheaper EV truck offering as compared to the Cybertruck. The model year 2024 Lightning starts at $67,995 for the base variant and at $84,995 for the more premium Platinum variant. The company also manufactures two more variants priced in between. 
The Cybertruck, meanwhile, starts at $79,990 for the lower-priced All-wheel drive variant and at $99,990 for the higher-end Cyberbeast version. The EV giant offers just two variants of the truck. 
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/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles" target="_blank" rel="noreferrer noopener">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant's Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photos courtesy: Tesla and Ford

Tech

TSLA

Tesla Cybertruck's Popularity Threatens Ford F-150 Lightning Sales, Shows Data

Powell Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NYSE">POWL</a>) short percent of float has risen 12.68% since its last report. The company recently reported that it has 1.83 million shares sold short, which is 23.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Powell Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735131617_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Powell Industries has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Powell Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Powell Industries's peer group average for short interest as a percentage of float is 9.43%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

POWL

How Is The Market Feeling About Powell Industries?

AbbVie's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) short percent of float has fallen 3.51% since its last report. The company recently reported that it has 19.32 million shares sold short, which is 1.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AbbVie Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735131612_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AbbVie has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AbbVie's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AbbVie's peer group average for short interest as a percentage of float is 5.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ABBV

Looking Into AbbVie's Recent Short Interest

Looking for the perfect gift this holiday season? You can&#8217;t go wrong with tech.
The Magnificent 7 companies—Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)—offer some of the best gadgets, accessories, and experiences.
So, this Christmas, whether you&#8217;re shopping for a techie, a gamer, or someone who just loves convenience, there's something for everyone.
Apple
Apple Watch Strap: Add some flair to an Apple Watch with a durable, comfy band. Available in multiple colors. The starting price is $49.
AirTag: Perfect for tracking keys, bags, or anything else you misplace. Compact and easy to use. Price: $29.
Amazon
Echo Dot (5th Gen): A smart speaker with Alexa to control devices, play music, and more. Compact and stylish. Price starting at $22.99.
Amazon Fire TV Stick 4K: Stream your favorite shows in 4K resolution. Supports 4K Ultra HD, Dolby Vision, HDR10+, and Dolby Atmos. Easy to set up and use.&nbsp;
See Also:&nbsp;<a data-google-interstitial="false" style="white-space: normal; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); color: rgb(44, 162, 209); text-decoration: inherit; font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; font-variant-ligatures: normal; orphans: 2; widows: 2;" href="https://www.benzinga.com/tech/24/12/42378596/openais-chatgpt-makes-headway-in-search-threatening-googles-reign" target="_blank" rel="noopener"><span style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">OpenAI&#8217;s ChatGPT Makes Headway In Search, Threatening Google&#8217;s Reign</a>
Alphabet
Chromecast with Google TV: A versatile streaming device that integrates various streaming services into a single user-friendly interface. Features a compact design that connects directly to the HDMI port of your TV and comes with a voice remote equipped with Google Assistant.&nbsp;
YouTube Premium Subscription: Enjoy ad-free videos, background play, and YouTube Music access. Priced at $13.99 per month.
Meta
Meta Quest 3 Elite Strap: For those who like to extend their virtual reality experience, this is a perfect gift. Addresses common discomfort issues by redistributing weight more evenly across the head, reducing pressure on the face and neck. Priced at $69.99.
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.
Microsoft
Xbox Wireless Controller: The controller features a sleek, updated design with improved ergonomics, textured grips, and a hybrid D-pad for superior comfort and precision during gameplay. It offers compatibility with both Xbox Wireless and Bluetooth.
Microsoft Bluetooth Mouse: A simple, modern mouse that works with Windows and Mac can boost your productivity infinitely. Great for daily use.
Nvidia
GeForce NOW Priority Membership (One year): Stream top games with priority access and extended sessions. Users can stream games in up to 1440p resolution—an improvement from the previous 1080p—and enjoy support for ultrawide resolutions. A gamer's dream. Price: $9.99/month or $99.99/ year.
Tesla
Tesla Key Card: A handy backup or replacement key for Tesla owners. Makes life easier. Price: $40.
Tesla Wireless Portable Charger: A sleek, fast charger compatible with most smartphones. It offers magnetic, wireless charging and boasts a robust 5000mAh battery capacity. Perfect for on-the-go charging. Price: $95.
From sleek devices to powerful experiences, these gifts from the Magnificent 7 companies are sure to impress anyone on your list.
The best part? You can't go wrong with these trusted brands.
Happy shopping!
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p" target="_blank" rel="noreferrer noopener">After Google's $2.7B Acquisition Of Founders And Staff, This AI Startup Abandons Large Language Model Plans And Shifts Focus Away From Chatbots</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

Tech, Toys, And Tesla: The Ultimate Santa Tech Wishlist From Magnificent 7 Companies

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has shared his thoughts on his company's relationship with Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and the remarks by President-elect Donald Trump.
What Happened: Earlier this month, during WIRED&#8217;s &#8220;The Big Interview&#8221; series, Huang was asked about Trump's accusation about Taiwan taking some of the chip business from the U.S. and its implications for Nvidia&#8217;s close partnership with TSMC.
In response, Huang highlighted the pivotal role of TSMC in the global tech supply chain, praising the company as an &#8220;extraordinary&#8221; innovator with strong leadership.
&#8220;If anything, TSMC as a company gets better and better every single year that we work with them so our relationship with TSMC is going to continue,&#8221; he stated.
See Also: <a href="https://www.benzinga.com/tech/24/12/42608964/samsung-one-ui-6-1-1-update-is-turning-this-galaxy-series-phones-into-paperweights-bricking-random-reboots-and-overheating-reported?itm_source=parsely-api">Samsung One UI 6.1.1 Update Is Turning This Galaxy Series Phones Into Paperweights: Bricking, Random Reboots And Overheating Reported</a>
The Nvidia CEO also confirmed reaching out to Trump to congratulate him and expressed Nvidia&#8217;s readiness to support the new administration.
He expressed confidence that the incoming administration would recognize the importance of AI and offered to provide any necessary support to help the administration succeed in this area.
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<iframe loading="lazy" title="Jensen Huang, Zach Snyder, Mira Murati &amp; More - The Big Interview Live 2024 &#x7C; WIRED" width="500" height="281" src="https://www.youtube.com/embed/CC6H2dBt5WE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
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Why It Matters: Trump&#8217;s concerns about Taiwan&#8217;s semiconductor industry have been a recurring theme. In October, while appearing on the Joe Rogan podcast, Trump accused Taiwan of <a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast">undermining the U.S. chip industry</a> and criticized the U.S. CHIPS Act.
He pledged to impose tariffs on Taiwanese chips, which could significantly impact TSMC, a major supplier for companies like Nvidia and Apple Inc.
Despite Trump&#8217;s critical remarks, TSMC announced that its <a href="https://www.benzinga.com/government/regulations/24/11/41845483/taiwan-semiconductor-us-expansion-plans-unfazed-by-trump-win-report">U.S. expansion plans remain</a> unchanged. The company proceeded with a $65 billion investment in advanced semiconductor production facilities in Arizona.
TSMC also plans a significant global expansion, with a <a href="https://www.benzinga.com/government/regulations/24/11/42032114/taiwan-semiconductor-plans-major-global-expansion-sets-record-38-billion-investment-target">record $38 billion investment</a> target. The company aims to increase its production capacity by constructing several new semiconductor fabrication plants worldwide by 2025.
Nvidia and TSMC have partnered since 1995, with TSMC historically serving as the primary manufacturer of Nvidia&#8217;s high-performance GPUs.&nbsp;
In October, TSMC reported consolidated third-quarter revenue of NT$759.69 billion ($23.50 billion), reflecting a <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">39% year-over-year increase</a>.
Price Action: TSMC&#8217;s stock has increased by 103.22% year-to-date, while Nvidia&#8217;s stock has risen by 191.09% during the same period, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
The latest analyst reports from Barclays and Needham set an average price target of $226.67 for TSMC, indicating a potential upside of 9.87%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSM/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/25061619/Screenshot-2024-12-25-at-4.46.11%E2%80%AFPM-1024x376.png" alt="" class="wp-image-706808" /></a></figure>
Meanwhile, reports from DA Davidson, Phillip Securities, and Truist Securities set an average price target of $154.67 for Nvidia, suggesting a potential upside of 10.65%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/25061648/Screenshot-2024-12-25-at-4.46.39%E2%80%AFPM-1024x376.png" alt="" class="wp-image-706810" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo by Sundry Photography on Shutterstock

Equities

Amid Donald Trump's Concerns About Taiwan's Rising Chip Business, Jensen Huang Praises TSMC For Its Unquestionable Innovation — Vows Nvidia's Support For The Incoming US Administration

Fraudsters in China are capitalizing on the popularity of the South Korean TV series &#8220;Squid Game&#8221; to exploit the financially vulnerable in a struggling economy, offering prize money, debt restructuring, and other deceptive schemes.
What Happened: Unlike the life-threatening challenges in the original series, the Chinese version&#8217;s &#8220;self-discipline&#8221; challenges do not pose a risk to participants&#8217; lives. However, some contestants in isolation challenges, who pay substantial fees to follow strict rules in the hope of winning up to 1 million yuan ($140,000), have been found to be victims of scams, reported Reuters on Wednesday.
These challenges, often promoted on Douyin (the Chinese version of TikTok), have gained popularity amid the country&#8217;s economic slowdown. The challenges come with a long list of rules, including strict time limits for toilet breaks and restrictions on the use of electronic devices.
See Also: <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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk A Legendary Entrepreneur But Also A Bully, Says OpenAI CEO Sam Altman: ‘Now It's Me, It's Been Bezos, Gates, Zuckerberg, Lots Of Other People'</a>
Regulators have intervened in some cases, with a court in Shandong province ordering a challenge organizer to refund a player&#8217;s sign-up fees, ruling the contract as unfair and against public order and morals.
The National Financial Regulatory Administration (NFRA) has also warned the public about dubious debt relief claims. These claims are made by &#8220;debt intermediaries&#8221; who promise to help restructure debts or improve credit profiles for a high fee.
Why It Matters: The rise of such fraudulent schemes coincides with China&#8217;s economic slowdown. In 2024, the Chinese economy is expected to experience a more severe downturn, with no clear industry catalyst for recovery, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36422871/analyst-says-chinas-economic-downturn-to-deepen-in-2024-will-be-slower-than-2023">according to analysts.</a> This economic pressure has led to a surge in these deceptive practices, taking advantage of the financially distressed.
China&#8217;s economic challenges have also prompted policymakers to consider significant measures, such as <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42473889/china-eyes-yuan-devaluation-to-counter-trumps-tariffs-will-it-work">allowing the yuan to weaken</a> significantly in 2025 to counter the potential impact of a 60% tariff on Chinese imports by the United States. This potential devaluation, if implemented, could further exacerbate the economic strain on Chinese households, potentially increasing their vulnerability to such fraudulent schemes.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

China's 'Squid Game'-Inspired Scams Target Financially Distressed Amid Economic Slowdown

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is gearing up to launch the AirTag 2, featuring significant upgrades in range and safety.
Everything we know so far about Apple's upcoming item tracker:&nbsp;
Ultra Wideband Chip For Longer Range
One of the most anticipated upgrades for the AirTag 2 is the integration of Apple's second-generation Ultra Wideband (UWB) chip. This new chip, first seen in the iPhone 15 and Apple Watch Ultra 2, significantly <a href="https://www.benzinga.com/media/24/12/42501665/apples-2025-airtag-to-feature-iphone-15s-ultrawide-band-chip-for-smarter-longer-range-tracking-report">boosts the tracker's range</a>—potentially up to three times the distance of the first-generation AirTag.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Improved Safety Measures To Address Stalking Concerns
One rumored change involves the tracker's built-in speaker, which is expected to be more difficult to remove. This tweak could help address concerns about AirTags being used for unauthorized tracking or stalking.
See Also: <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?itm_source=parsely-api">Elon Musk A Legendary Entrepreneur But Also A Bully, Says OpenAI CEO Sam Altman: &#8216;Now It&#8217;s Me, It&#8217;s Been Bezos, Gates, Zuckerberg, Lots Of Other People&#8217;</a>
Better Integration With Apple Vision Pro
While specific details remain scarce, rumors suggest that the AirTag 2 will <a href="https://www.benzinga.com/news/24/05/38911822/upgraded-apple-airtag-with-advanced-chip-and-superior-location-tracking-set-for-2025-launch-says-mar">feature better compatibility</a> with Apple Vision Pro, the company's mixed-reality headset. This integration could unlock new possibilities for spatial tracking.
Design Consistency Overhaul Unlikely
Unlike some of Apple's other product updates, the AirTag 2 is not expected to undergo a major design overhaul. The current circular and compact form factor has proven effective, and Apple seems to be focusing on internal upgrades rather than aesthetic changes for its second-generation tracker.
Why It Matters: According to verified market research, the AirTag keychain market, valued at $0.6 billion in 2023, is anticipated to surge to $4.2 billion by 2030.
This reflects a compound annual growth rate of 35.19% from 2024 to 2030.
In January 2023, it was reported that Apple had sold over <a href="https://www.benzinga.com/news/23/01/30446236/apple-airtags-and-bluetooth-trackers-are-officially-a-billion-dollar-industry-heres-what-to-know-tre">$1 billion worth of AirTags</a>—approximately 55 million units—since its debut in April 2021.
Earlier this year, Apple was also hit with a lawsuit claiming that AirTags were being used by <a href="https://www.benzinga.com/news/24/03/37764878/apple-loses-motion-to-dismiss-lawsuit-claiming-airtags-are-weapon-of-stalkers-determination-cannot-b">stalkers for malicious purposes</a>.
However, AirTags have also <a href="https://www.benzinga.com/news/23/07/33226618/how-an-apple-airtag-led-to-the-capture-of-a-sneaky-thief">demonstrated their value</a> in numerous scenarios, including helping to recover stolen possessions. Last month, Cupertino also launched a new feature enabling users to <a href="https://www.benzinga.com/tech/24/11/41931360/apples-airtag-users-can-now-share-location-with-airlines-for-faster-recovery-of-lost-luggage">share the location</a> of lost items with third parties, like airlines, via the Find My app.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.&nbsp;
Read Next:
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</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo by Moma okgo on Shutterstock

What To Expect From Apple's AirTag 2: Ultra Wideband Boost, Enhanced Tracking, Safety Upgrades And More

U.S. financial markets will observe the Christmas holiday with modified trading hours, marking a brief pause in what has been an <a href="https://www.benzinga.com/markets/equities/24/12/42665923/is-stock-market-open-on-christmas-eve-2024-a-quick-guide-for-market-hours-banks-and-whats-closed-for-santa-claus">eventful year for Wall Street</a>.
The New York Stock Exchange and Nasdaq will remain fully closed on Wednesday, Dec. 25, for Christmas Day. The bond market will follow a similar schedule, with the Securities Industry and Financial Markets Association <a href="https://www.sifma.org/resources/general/holiday-schedule/">announcing</a> a 2 p.m. ET close on Christmas Eve.
The adjusted schedule affects a broad range of market participants, from institutional investors to retail traders. Regular trading will resume on Thursday, Dec. 26, giving market participants time to position themselves before the year&#8217;s final trading week.
Meanwhile, the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500 saw its year-to-date returns climb by 27.35%, while that of the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which represents the Nasdaq composite, rose by 29.41%.
While traditional markets pause, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and other cryptocurrencies will continue trading non-stop on global exchanges, demonstrating the digital asset market&#8217;s unique 24/7 accessibility.
See Also: <a href="https://www.benzinga.com/news/24/12/42676790/mega-millions-jackpot-hits-1-billion-on-christmas-eve-amid-year-of-rare-wins">Christmas Eve Mega Millions: Jackpot Soars To Record $1 Billion In Year Of Rare Wins</a>
Looking ahead, investors should note that while stock markets will maintain regular hours on New Year&#8217;s Eve, the bond market will close early at 2 p.m. ET on Dec 31. All U.S. markets will be closed on Jan. 1, 2025, for New Year&#8217;s Day.
The holiday closures come as Asian markets maintain varying schedules. The Hong Kong Stock Exchange will operate abbreviated sessions around Christmas, while the Shanghai Stock Exchange and Tokyo Stock Exchange will continue normal operations during this period.
Major U.S. financial institutions, including Bank of America Corp, JPMorgan Chase &amp; Co, and Citigroup Inc., will close their branches on Christmas Day, aligning with the market holiday schedule.
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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.

$DOGE

$ETH

Is Stock Market Open Or Closed On Christmas Day 2024? Here Is What You Can Trade Today

Tesla Inc. CEO Elon Musk has raised fresh concerns about MacKenzie Scott&#8216;s charitable donations, highlighting growing tensions over billionaire philanthropy and its societal impact.
What Happened: Responding to a social media post about Scott&#8217;s donations to liberal nonprofits, Musk offered a one-word critique: &#8220;Concerning.&#8221; The comment came after author John LeFevre highlighted Scott&#8217;s contributions to organizations focused on racial equity, social justice, and LGBTQ+ rights.
Scott, who received Amazon.com Inc. shares worth billions in her 2019 divorce from Jeff Bezos, has emerged as one of America&#8217;s most prolific philanthropists. Through her Yield Giving organization, she has donated over $19 billion to more than 2,450 nonprofits since 2019, while maintaining a net worth above $30 billion due to <a href="https://www.benzinga.com/tech/24/12/42568686/mackenzie-scotts-mission-driven-investing-pushes-back-against-wealth-concentration-amazon-stock-rich-philanthropist-pledges-2-billion-in-donations">Amazon&#8217;s stock performance</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Concerning <a href="https://t.co/C11Lnm8XeH">https://t.co/C11Lnm8XeH</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1871163247593996349?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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This marks Musk&#8217;s latest criticism of Scott&#8217;s giving. In March, he suggested in a now-deleted post that &#8220;super rich ex-wives who hate their former spouse&#8221; could contribute to the decline of Western civilization. Shortly after his comment, Scott announced an additional $640 million in <a href="https://www.benzinga.com/news/24/03/37839087/shrugging-off-elon-musks-western-civilization-jab-jeff-bezoss-ex-wife-doubles-her-donation-efforts-t">donations to 361 organizations</a>.
See Also: <a href="https://www.benzinga.com/24/12/42676821/how-to-stream-the-nfl-christmas-gameday-live-on-netflix">How To Watch NFL Christmas Gameday Live On Netflix With Mariah Carey, Beyoncé And Epic Football Matchups</a>
What Happened: Scott recently <a href="https://www.benzinga.com/news/large-cap/24/11/42009316/jeff-bezos-ex-wife-mackenzie-scott-sells-more-amazon-shares">sold 11% of her Amazon holdings</a>, valued at over $8 billion, signaling a shift toward mission-aligned investments rather than traditional portfolio management. 
The debate over billionaire philanthropy has drawn in other prominent voices, including Melinda French Gates, who has publicly supported Scott&#8217;s rapid-giving approach while criticizing other tech billionaires, including Musk, for prioritizing public influence over charitable giving. 
In a recent New York Times interview, French Gates questioned whether certain tech leaders should even be called philanthropists, suggesting they use their platforms primarily to <a href="https://www.benzinga.com/personal-finance/24/08/40231450/melinda-french-gates-questions-philanthropy-of-musk-thiel-i-would-not-call-those-men-philanthrop">shape public opinion rather than contribute</a> meaningfully to charitable causes.
Her giving strategy contrasts sharply with other tech billionaires, including Musk, who has focused his <a href="https://www.benzinga.com/news/24/12/42640044/trump-fires-back-at-critics-and-denies-ceding-presidency-to-elon-musk-and-im-safe-he-wasnt-born-in-this-country">recent attention on political causes</a>, including substantial support for President-elect Donald Trump&#8216;s campaign.
Scott&#8217;s donations for 2024 include significant support for economic security initiatives and repeat grants to organizations like CAMFED, which supports girls&#8217; education in Africa, demonstrating her continued commitment to addressing systemic inequalities despite <a href="https://www.benzinga.com/tech/24/12/42568686/mackenzie-scotts-mission-driven-investing-pushes-back-against-wealth-concentration-amazon-stock-rich-philanthropist-pledges-2-billion-in-donations">criticism from fellow billionaires</a>.
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Image via Flickr
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Global

Elon Musk Calls Jeff Bezos' Ex-Wife MacKenzie Scott's $19 Billion Charitable Donations 'Concerning'

Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CES 2025 keynote is set to be one of the biggest tech events of the year.
What Happened: The tech world is eagerly waiting for the commencement of CES 2025 and all eyes are on Nvidia CEO Jensen Huang's keynote.
When And Where To Watch
Huang will deliver Nvidia's keynote on Jan. 6, 2025, at 9:30 pm ET. The event will be live-streamed on YouTube and Nvidia's official website.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="NVIDIA CEO Jensen Huang Keynote at CES 2025" width="500" height="281" src="https://www.youtube.com/embed/k82RwXqZHY8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See Also: <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?itm_source=parsely-api">Elon Musk A Legendary Entrepreneur But Also A Bully, Says OpenAI CEO Sam Altman: &#8216;Now It&#8217;s Me, It&#8217;s Been Bezos, Gates, Zuckerberg, Lots Of Other People&#8217;</a>
What To Expect
RTX 5000 Series GPU: Nvidia is <a href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know">expected to unveil</a> its next-generation RTX 5000 series GPUs. These GPUs could redefine gaming and creative workflows with even greater performance and efficiency.
AI and Robotics Innovations: Huang will likely showcase Nvidia's advancements in AI and robotics. From AI-powered tools to next-gen robots, the keynote could highlight how Nvidia's chips are driving these fields.
Automotive Technology Updates: Nvidia's impact on autonomous vehicles will also reportedly take center stage.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: With a market cap exceeding $3.433 trillion, Nvidia currently is the second most valuable company in the world after Apple Inc.
Nvidia is at the heart of the AI revolution, powering companies like ChatGPT-parent OpenAI, Alphabet Inc., and Meta Platforms, Inc. with its advanced chips.&nbsp;
Year-to-date, Nvidia shares have increased by 191.09%, significantly outperforming NASDAQ 100 which is at 31.76%, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Price Action: Nvidia&#8217;s stock gained 0.39% on Tuesday, closing at $140.22. So far this year, the stock has climbed 191.09%. The latest analyst reports from DA Davidson, Phillip Securities, and Truist Securities set an average price target of $154.67, suggesting a potential upside of 10.65%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/25033227/Screenshot-2024-12-25-at-2.02.21%E2%80%AFPM-1024x376.png" alt="" class="wp-image-706764" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.
Image via Shutterstock

Nvidia CES 2025 Keynote: How To Watch Jensen Huang Unveil The RTX 5000 Series GPUs

U.S. Treasury yields could trade in the 4.75-5.00% range for much of 2025, according to Mohamed El-Erian, Chief Economic Advisor at Allianz, as markets digest the Federal Reserve&#8217;s <a href="https://www.benzinga.com/24/12/42564443/santa-came-early-with-rate-cut-but-federal-reserve-brings-coal-next-year-experts-weigh-in-on-rate-cut-feds-2025-p">revised rate outlook and end-of-year dynamics</a>.
What Happened: The benchmark 10-year Treasury yield touched 4.613% on Tuesday, its highest level since May 30, before settling at 4.594% in a holiday-shortened trading session. 
The recent yield movement follows the Federal Reserve&#8217;s December meeting, where officials reduced their projected interest rate cuts for 2025 from four to two.
&#8220;The yield on the 10-year U.S. government bond is flirting again with the 4.60% level,&#8221; El-Erian wrote on X, formerly Twitter, suggesting sustained pressure on government debt prices could persist well into next year.
Rising Treasury yields typically signal heightened concerns for stock investors as they can draw money away from equities into lower-risk fixed-income securities, compress stock valuations, and discourage consumer and business borrowing &#8211; all of which can impact economic growth and corporate profits.
This impact was evident in October when stocks tumbled as the 10-year yield breached 4% for the first time since August.
<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 yield on the 10 year US government bond is flirting again with the 4.60% level. It would not surprise me if this yield traded in the 4.75-5.00% range for a good part of 2025. <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/hashtag/investing?src=hash&amp;ref_src=twsrc%5Etfw">#investing</a> <a href="https://twitter.com/hashtag/investors?src=hash&amp;ref_src=twsrc%5Etfw">#investors</a> <a href="https://t.co/b1Xi5EnBzj">pic.twitter.com/b1Xi5EnBzj</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1871315853280718925?ref_src=twsrc%5Etfw">December 23, 2024</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/24/12/42676432/cathie-woods-pre-christmas-sale-ark-invest-dumps-even-more-tesla-palantir-stock">Cathie Wood&#8217;s Pre-Christmas Sale: Ark Invest Dumps Even More Tesla, Palantir Stock</a>
Why It Matters: The yield outlook comes amid broader market optimism, with major U.S. stock indices advancing in what traders call the &#8220;Santa Claus rally&#8221; period. The S&amp;P 500, as tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 1% on Tuesday, marking its third consecutive session of gains, while the tech-heavy Nasdaq 100 tracked by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp; rose 1.3%.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the market surge with a 7.35% jump, its strongest single-day performance since November. Other notable gainers included Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), rising 2.4% and 2.5% respectively.
Historical data suggests the year-end rally could continue, with the S&amp;P 500 having posted gains in 64 of the past 96 years during the Dec. 24-31 period, <a href="https://www.benzinga.com/general/education/24/12/42675763/santa-rally-serial-winners-10-stocks-historically-poised-for-big-year-end-gains">averaging a 0.85% return</a>. The strongest Santa rally occurred in 2018 when the index surged 6.6%.
Financial markets will remain closed on <a href="https://www.benzinga.com/markets/equities/24/12/42665923/is-stock-market-open-on-christmas-eve-2024-a-quick-guide-for-market-hours-banks-and-whats-closed-for-santa-claus">Wednesday for the Christmas holiday</a>, with trading set to resume on Thursday.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42676821/how-to-stream-the-nfl-christmas-gameday-live-on-netflix">How To Watch NFL Christmas Gameday Live On Netflix With Mariah Carey, Beyoncé And Epic Football Matchups</a></li>
</ul>
Image via Pixabay
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bonds

Economics

NFLX

Treasury Yields Could Hit 5% In 2025, Mohamed El-Erian Warns: Will Next Year Bring Head Winds For Surging Markets?

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Scheduled For December 25, 2024

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) will be the global streaming platform for two marquee NFL games on Christmas Day, 2024. Here's everything you need to know about how to stream the matchups and star-studded performances:
What Happened: Netflix will be streaming two live games. Kansas City Chiefs vs. Pittsburgh Steelers (1 PM ET) and Baltimore Ravens vs. Houston Texans (4:30 PM ET).
Special Performances You Won't Want to Miss
Mariah Carey will kick off the day with a new pre-recorded rendition of her iconic holiday hit, "All I Want for Christmas Is You."
Before the Chiefs vs. Steelers game, the Voices of Service, a quartet of retired military veterans, will perform the national anthem.
Later, Grammy-winning a cappella group Pentatonix will take the stage for another powerful anthem performance.
During halftime, Beyoncé will debut live tracks from her highly anticipated "Cowboy Carter" album.
See Also: <a href="https://www.benzinga.com/tech/24/12/42641667/is-this-nancy-pelosis-stock-pick-set-to-overtake-nvidia-ai-chip-race-to-heat-up-by-2025-as-meta-and-microsoft-look-beyond-jensen-huangs-chip-maker-says-expert?itm_source=parsely-api">Is This Nancy Pelosi&#8217;s Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang&#8217;s Chip Maker, Says Expert</a>
How To Stream NFL Christmas Gameday Live
Users will need to log into their Netflix account. These games are available across all Netflix plans, so no matter which subscription tier you're on, you're covered.
Log in to Netflix and tune in at the scheduled times to catch the action as it unfolds.
If you&#8217;re new to Netflix, you can easily subscribe and get started by visiting the Netflix website.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
How Long Will The NFL Christmas Gameday Be Available On Netflix
In the U.S., the NFL Christmas games will be available for three hours after the livestream ends. Outside the U.S., the games will remain available for 24 hours after the livestream wraps up.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42664762/after-investing-nearly-14-billion-in-openai-microsoft-reportedly-moves-to-reduce-its-dependence-on-chatgpt-parent?itm_source=parsely-api">Microsoft Invested Nearly $14 Billion In OpenAI But Now Its Reducing Its Dependence On The ChatGPT-Parent: Report</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Entertainment

How To Watch NFL Christmas Gameday Live On Netflix With Mariah Carey, Beyoncé And Epic Football Matchups

Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) filed a lawsuit against San Francisco, accusing the city of overcharging the ride-hailing services company by $100 million in taxes from 2019 to 2023. 
Lyft argues that the city has misclassified the payments made by passengers to drivers as company revenue, which is not how Lyft operates, <a href="https://www.bloomberg.com/news/articles/2024-12-24/lyft-accuses-san-francisco-of-overcharging-100-million-in-taxes">reported</a> Bloomberg on Tuesday. 
According to the company, Lyft generates revenue through fees paid by the drivers, not passenger payments, aligning with the U.S. Securities and Exchange Commission&#8217;s treatment of driver compensation. 
The dispute highlights ongoing challenges within the gig economy, as companies like Lyft and Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) face scrutiny over their contractor models. Lyft seeks refunds, including penalties and interest, for the overcharged taxes.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42676432/cathie-woods-pre-christmas-sale-ark-invest-dumps-even-more-tesla-palantir-stock">Cathie Wood&#8217;s Pre-Christmas Sale: Ark Invest Dumps Even More Tesla, Palantir Stock</a></li>
</ul>
Image Via Shutterstock

LYFT

UBER

Lyft Sues San Francisco Over $100 Million Tax Bill, Says Payments To Drivers By Passengers Misclassified

The Mega Millions jackpot has reached $1 billion for Tuesday&#8217;s Christmas Eve drawing, marking only the seventh time in the game&#8217;s history that the prize has crossed the billion-dollar threshold.
What Happened: The winning numbers drawn on Dec. 24 are 38, 45, 14, 46, and 11, with a Mega Ball of 3 and a 3X Megaplier. The cash option stands at $448.8 million, representing the largest December prize in the game&#8217;s history.
The massive jackpot comes during what has been an unusually quiet year for lottery winners. Only three Mega Millions jackpots have been claimed in 2024, the lowest number of wins since the game&#8217;s inception.
The last winner emerged in Texas on Sep. 10, with 29 consecutive drawings passing without a grand prize winner.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42676374/rip-bitcoin-obituaries-declares-expert-death-notices-dwindle-as-top-crypto-gains-acceptance-from-politicians-billionaires">&#8216;RIP Bitcoin Obituaries,&#8217; Declares Expert — Death Notices Dwindle As Top Crypto Gains Acceptance From Politicians, Billionaires</a>
Why It Matters: The odds of winning <a href="https://www.benzinga.com/personal-finance/24/08/40663658/575-million-mega-millions-jackpot-heres-how-much-you-could-get-after-taxes-in-every-state">remain extraordinarily steep</a> at 1 in 302,575,350. For perspective, the probability of being struck by lightning or encountering a grizzly bear attack in Yellowstone National Park (1 in 3.5 million) is significantly higher.
History shows that massive <a href="https://www.benzinga.com/general/education/24/05/39005560/5-lottery-winners-who-wished-they-never-struck-the-jackpot">lottery wins can bring unexpected challenges</a>. Jack Whittaker, who won a $315 million Powerball jackpot on Christmas in 2002, faced numerous personal tragedies and legal disputes following his win. Abraham Shakespeare, who won $17 million in 2006, was murdered three years later by someone who befriended him after his win.
Mega Millions tickets, priced at $2 each, are available in 45 states, Washington, D.C., and the U.S. Virgin Islands. A win on Christmas Eve would mark only the second time in the game&#8217;s history that a jackpot has been claimed on Dec 24.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/12/42676444/biden-harris-and-pope-francis-deliver-messages-of-hope-and-inclusion-on-christmas-eve-trump-promotes-his-new-book-as-hottest-gift">Biden, Harris, And Pope Francis Deliver Messages Of Hope And Inclusion On Christmas Eve, Trump Promotes His New Book As &#8216;Hottest Gift&#8217;</a></li>
</ul>
Image Via FMT 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Christmas Eve Mega Millions: Jackpot Soars To Record $1 Billion In Year Of Rare Wins

On Tuesday, OpenAI CEO Sam Altman turned to the users to gather their suggestions on the company&#8217;s future projects and improvements for 2025.
What Happened: Altman&#8217;s query on X, formerly Twitter elicited a variety of responses.
While many of the suggestions were geared toward refining existing models, one recurring request stood out: significant upgrades to OpenAI's Sora <a href="https://www.benzinga.com/tech/24/12/42501018/marc-andreessen-praises-openais-sora-video-model-we-may-have-basically-just-solved-the-fundamental-challenge-of-robotics">video model</a>.
Previously, tech YouTuber, Marques Brownlee also reviewed that Google's Veo 2 AI video generator, owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) surpasses OpenAI's Sora model.
In response to users, Altman has assured that many improvements to Sora are on the way.
See Also: <a href="https://www.benzinga.com/tech/24/12/42641667/is-this-nancy-pelosis-stock-pick-set-to-overtake-nvidia-ai-chip-race-to-heat-up-by-2025-as-meta-and-microsoft-look-beyond-jensen-huangs-chip-maker-says-expert?itm_source=parsely-api">Is This Nancy Pelosi&#8217;s Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang&#8217;s Chip Maker, Says Expert</a>
Other highly requested features included a stronger 4o replacement, seamless integrations of GPT, reasoning models, and Sora into ChatGPT, and improvements in context length and knowledge updates.
Family accounts with parental controls also made the list, with one user suggesting the ability to create accounts for their children with certain restrictions. Altman responded favorably to this idea, acknowledging the need for a &#8220;grown-up mode.&#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">what would you like openai to build/fix in 2025?
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1871730475909419115?ref_src=twsrc%5Etfw">December 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this month, under the &#8220;<a href="https://www.benzinga.com/tech/24/12/42332451/sam-altman-teases-12-days-of-openai-christmas-magic-users-predict-unveiling-of-sora-o1-reasoning-model-and-more">12 Days of OpenAI</a>&#8221; event, the ChatGPT-maker made significant announcements.
The AI startup unveiled its next-generation reasoning model, o3, as the successor to o1, launched the ChatGPT Search <a href="https://www.benzinga.com/tech/24/12/42523020/chatgpt-search-goes-free-openai-challenges-googles-unbroken-search-dominance">engine for all users</a>, and rolled out a <a href="https://www.benzinga.com/tech/24/12/42356469/openai-unveils-200-chatgpt-pro-subscription-inside-the-o1-reasoning-model-and-what-it-means-for-power-users">$200/month</a> ChatGPT Pro subscription, among other things.
Meanwhile, it was reported that Microsoft Corporation is <a href="https://www.benzinga.com/24/12/42664762/after-investing-nearly-14-billion-in-openai-microsoft-reportedly-moves-to-reduce-its-dependence-on-chatgpt-parent">planning to reduce</a> its dependence on OpenAI despite having invested nearly $14 billion in the company.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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<li><a href="https://www.benzinga.com/tech/24/12/42608964/samsung-one-ui-6-1-1-update-is-turning-this-galaxy-series-phones-into-paperweights-bricking-random-reboots-and-overheating-reported?itm_source=parsely-api">Samsung One UI 6.1.1 Update Is Turning This Galaxy Series Phones Into Paperweights: Bricking, Random Reboots And Overheating Reported</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

OpenAI CEO Sam Altman Crowdsources 2025 Goals — Sora Upgrades Top User Wishlist

As retail giants Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) enter the crucial holiday shopping season, their diverging growth trajectories and profitability models paint a compelling picture for <a href="https://www.benzinga.com/24/11/42148340/black-friday-cyber-monday-deals-on-wall-street-why-buying-walmart-or-amazon-before-the-holidays-might-backfire">investors watching the retail space</a>.
The fourth quarter, encompassing Black Friday, Cyber Monday, Thanksgiving, and Christmas shopping, traditionally represents the most critical period for retailers, often accounting for up to 40% of their annual sales. 
This extended shopping period, which kicks off with Black Friday deals and continues through post-Christmas clearances, has become increasingly competitive as consumers seek both in-store and online bargains, making it a crucial battleground for retail dominance.
Market data shows Amazon&#8217;s remarkable rise, with its $2.365 trillion market capitalization now dwarfing Walmart&#8217;s $740.99 billion. Both companies have delivered strong five-year returns to shareholders, with Amazon up 142.84% and Walmart closely trailing at 140.09%.
The upcoming fourth quarter could mark a historic shift in retail dynamics. According to Forrester analyst Jitender Miglani, Amazon&#8217;s quarterly revenues are projected to surpass Walmart&#8217;s for the first time in Q4 2024, with estimates of $186 billion compared to Walmart&#8217;s expected $180 billion.
<h4 class="wp-block-heading">December Stock Gains: A Five-Year Snapshot</h4>
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Year</th>
<th>Amazon (%)</th>
<th>Walmart (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>2019</td>
<td>-2.2</td>
<td>+0.5</td>
</tr>
<tr>
<td>2020</td>
<td>+2.8</td>
<td>+2.1</td>
</tr>
<tr>
<td>2021</td>
<td>-4.9</td>
<td>+1.1</td>
</tr>
<tr>
<td>2022</td>
<td>-0.5</td>
<td>-1.7</td>
</tr>
<tr>
<td>2023</td>
<td>+1.5</td>
<td>+0.7</td>
</tr>
</tbody>
</table>
</figure>
Historical Q4 Net Sales Performance (in billions of dollars):
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Year</th>
<th>Amazon Net Sales</th>
<th>Walmart Net Sales </th>
</tr>
</thead>
<tbody>
<tr>
<td>2019</td>
<td>87</td>
<td>137</td>
</tr>
<tr>
<td>2020</td>
<td>125</td>
<td>140</td>
</tr>
<tr>
<td>2021</td>
<td>137</td>
<td>151</td>
</tr>
<tr>
<td>2022</td>
<td>149</td>
<td>162</td>
</tr>
<tr>
<td>2023</td>
<td>170</td>
<td>171.91</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Statista</figcaption></figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42628985/traders-fight-the-grinch-to-save-the-santa-rally-10-sp-500-stocks-poised-for-a-year-end-surge">Traders Fight The Grinch To Save The Santa Rally: 10 S&amp;P 500 Stocks Poised For A Year-End Surge</a>
Walmart has significantly expanded its digital presence to compete with Amazon&#8217;s online dominance. The company has invested heavily in its e-commerce infrastructure, including the launch of the Walmart+ membership program, expansion of online grocery delivery, and the development of its marketplace platform for third-party sellers. 
The profitability gap between the two retail giants continues to widen. Wall Street analysts project Amazon&#8217;s net income to reach $51 billion in 2024, with an 8% margin, while Walmart is expected to achieve $20 billion with a 3% margin in financial year 2025.
Looking ahead, Forrester forecasts the combined U.S. retail sales of Amazon and Walmart to reach $1.5 trillion by 2029, representing one-fourth of the total U.S. retail market. Their combined e-commerce sales are expected to capture two-thirds of total U.S. online retail sales, reaching $1.1 trillion.
Both companies remain significant employers, with Walmart leading at 2.1 million employees compared to Amazon&#8217;s 1.525 million. 
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/12/42629219/fed-cuts-interest-rates-but-powell-spoils-santa-claus-rally-dollar-surges-to-over-2-year-high-bitcoin-sinks-below-100000-this-week-in-the-market">Fed Cuts Interest Rates, But Powell Spoils Santa Claus Rally; Dollar Surges To Over 2-Year High, Bitcoin Sinks Below $100,000: This Week In The Market</a>
Image via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Will Amazon Dethrone Walmart This Holiday Season? Here Is What You Should Know

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) intends to participate in the upcoming U.S. antitrust trial involving Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
What Happened: The move comes as Apple seeks to defend its billion-dollar revenue-sharing agreements with Google, a significant source of income for the tech giant, reported Reuters.
According to court documents filed in Washington on Monday, Apple has no plans to develop its own search engine to compete with Google, irrespective of the continuation of the payments.
Apple said, &#8220;Google can no longer adequately represent Apple's interests: Google must now defend against a broad effort to break up its business units.&#8221;
See Also: <a href="https://www.benzinga.com/tech/24/12/42665380/want-500-in-google-store-credit-heres-what-you-need-to-do?itm_source=parsely-api">Want $500 In Google Store Credit? Here&#8217;s What You Need To Do</a>
Apple is preparing to present witnesses at the trial, which is set for April.
The prosecution&#8217;s goal is to prove that <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Google needs to take several measures</a>, including selling its Chrome web browser and possibly its Android operating system, to reestablish competition in the online search market.
In 2022 alone, Apple&#8217;s agreement with Google brought in an <a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants">estimated $20 billion</a>.
Alphabet did not immediately respond to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga's</a> request for comments.
Why It Matters: On Dec. 20, Google responded to the proposed remedies in its search distribution case with the DOJ, focusing on <a href="https://www.benzinga.com/24/12/42646134/alphabet-defends-doj-case-new-buyback-likely-from-this-2025-top-pick">non-exclusivity and increased flexibility</a> to limit regulatory overreach.
Last year, Apple&#8217;s Eddy Cue justified the <a href="https://www.benzinga.com/news/23/09/34946635/apple-defends-its-19b-google-search-deal-even-as-it-laments-its-privacy-policies">billion-dollar deal with Google</a>, citing it as the best available option despite lamenting Google&#8217;s privacy policies.
Price Action: On Tuesday, Alphabet's Class A shares gained 0.76%, closing at $196.11, while Class C shares advanced 0.81%, ending at $197.57, as per <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. Apple shares climbed 1.15% during regular trading hours, closing at $258.20, but dipped 0.039% in after-hours trading.
Photo Courtesy: Koshiro K On Shutterstock
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Media

Google Can No Longer 'Adequately Represent' Apple's Interests — iPhone-Maker Seeks To Defend $20 Billion Search Deal In Landmark Antitrust Case

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers for Tuesday as we check out all of the hottest news moving shares this morning.



Moving stocks are several new deals, delisting notices and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Vicinity Motor (NASDAQ:<a href="https://investorplace.com/stock-quotes/vev-stock-quote/">VEV</a>) stock is rocketing more than 153% alongside heavy pre-market trading.</li>



<li>CXApp (NASDAQ:<a href="https://investorplace.com/stock-quotes/cxai-stock-quote/">CXAI</a>) shares are soaring over 61% after <a href="https://www.nasdaq.com/press-release/cxapp-inc-nasdaq-cxai-announces-largest-expansion-deal-strategic-multi-year-0">signing an expansion deal</a> with Google Cloud.</li>



<li>MKDWell Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/mkdw-stock-quote/">MKDW</a>) stock is surging more than 57% alongside <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318514393&amp;type=PDF&amp;symbol=MKDW&amp;cdn=59d6d4925634abb97d78eb6b63a094fb&amp;companyName=MKDWELL+Tech+Inc.&amp;formType=SC+13D&amp;formDescription=General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-08-12">new investment news</a>.</li>



<li>Pono Capital Two (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptwo-stock-quote/">PTWO</a>) shares are rising over 37% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318512443&amp;type=PDF&amp;symbol=PTWO&amp;cdn=c007f907da889b37797c3a70ef100ef9&amp;companyName=Pono+Capital+Two+Inc.&amp;formType=DEFM14A&amp;formDescription=Definitive+proxy+statement+relating+to+merger+or+acquisition&amp;dateFiled=2024-08-12">proposed merger plan</a>.</li>



<li>Psychemedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/pmd-stock-quote/">PMD</a>) stock is increasing more than 20% on <a href="https://www.nasdaq.com/press-release/psychemedics-corporations-board-directors-approves-plan-terminate-registration-its">plans to delist its shares</a>.</li>



<li>Hesai (NASDAQ:<a href="https://investorplace.com/stock-quotes/hsai-stock-quote/">HSAI</a>) shares are climbing over 19% without any clear news.</li>



<li>Roadzen (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdzn-stock-quote/">RDZN</a>) stock is heading more than 18% higher despite a lack of news today.</li>



<li>QT Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/qti-stock-quote/">QTI</a>) shares are getting an over 17% boost on Tuesday morning.</li>



<li>Adagio Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/adgm-stock-quote/">ADGM</a>) stock is jumping more than 17% without any recent news.</li>



<li>GCT Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) shares are up over 17% after <a href="https://www.nasdaq.com/press-release/gct-semiconductor-signs-mou-samsung-accelerate-development-4g-5g-chipsets-and-modules">signing an agreement</a> with Samsung.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Syros Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/syrs-stock-quote/">SYRS</a>) stock is crashing more than 58% on a <a href="https://www.nasdaq.com/press-release/syros-provides-update-select-aml-1-phase-2-clinical-trial-2024-08-12">Phase 2 clinical trial update</a>.</li>



<li>PS International (NASDAQ:<a href="https://investorplace.com/stock-quotes/psig-stock-quote/">PSIG</a>) shares are diving over 21% <a href="https://investorplace.com/2024/08/why-is-ps-international-psig-stock-up-64-today/">after a massive rally yesterday</a>.</li>



<li>SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) stock is tumbling more than 19% on a <a href="https://finance.yahoo.com/news/sunpower-announces-nasdaq-delisting-notification-205800088.html">Nasdaq delisting notification</a>.</li>



<li>Greenlane (NASDAQ:<a href="https://investorplace.com/stock-quotes/gnln-stock-quote/">GNLN</a>) shares are taking an over 18% beating after rallying yesterday <a href="https://investorplace.com/2024/08/why-is-greenlane-gnln-stock-up-210-today/">on Safety Strips news</a>.</li>



<li>Surf Air Mobility (NYSE:<a href="https://investorplace.com/stock-quotes/srfm-stock-quote/">SRFM</a>) stock is sliding more than 18% after announcing an <a href="https://www.tipranks.com/news/company-announcements/surf-air-mobility-announces-optimistic-ai-joint-venture">artificial intelligence (AI) joint venture</a>.</li>



<li>HNR Acquisition (NYSEMKT:<a href="https://investorplace.com/stock-quotes/hnra-stock-quote/">HNRA</a>) shares are decreasing close to 16% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318511957&amp;type=PDF&amp;symbol=HNRA&amp;cdn=eb4e7e579bfe6b9a9328f0eca81fc1b2&amp;companyName=HNR+Acquisition+Corp+Class+A&amp;formType=424B3&amp;formDescription=Prospectus+%5BRule+424%28b%29%283%29%5D&amp;dateFiled=2024-08-12">proposed secondary offering</a>.</li>



<li>FSD Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/huge-stock-quote/">HUGE</a>) stock is retreating over 15% <a href="https://investorplace.com/2024/08/fsd-pharma-is-up-216-today-what-is-going-on-with-huge-stock/">after a Monday rally</a>.</li>



<li>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) shares are dropping more than 15% <a href="https://investorplace.com/2024/08/why-is-interactive-strength-trnr-stock-up-59-today/">following a rally yesterday</a>.</li>



<li>Yatra Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/">YTRA</a>) stock is falling over 14% on a <a href="https://www.tipranks.com/news/company-announcements/yatra-online-reports-mixed-quarterly-performance">mixed earnings report</a>.</li>



<li>Conifer (NASDAQ:<a href="https://investorplace.com/stock-quotes/cnfr-stock-quote/">CNFR</a>) shares are down more than 12% ahead of an <a href="https://www.nasdaq.com/press-release/conifer-holdings-schedules-second-quarter-2024-earnings-conference-call-webcast">earnings conference call tomorrow</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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GCT Semiconductor Hldgs (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) just reported results for the second quarter of 2024.<ul><li>GCT Semiconductor Hldgs reported earnings per share of -2 cents.</li><li>The company reported revenue of $1.47 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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GCT Semiconductor&nbsp; GAAP EPS of -$0.02, revenue of $1.47M

GCT Semiconductor Holding (GCTS) just unveiled an update. GCT Semiconductor Holding, Inc.'s Compensation Committee has updated the executive retent...

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GCT Semiconductor signs pact with European tier one wireless provider

ADGM

CNFR

CXAI

GNLN

HNRA

HSAI

HUGE

MKDW

PSIG

PTWO

RDZN

SPWR

SRFM

SYRS

TRNR

YTRA

Press Releases

GCT Semiconductor Signs MOU with Samsung to Accelerate the Development of 4G/5G Chipsets and Modules

GCT Semiconductor Holding, Inc. Reports Second Quarter 2024 Financial Results

GCT Semiconductor Holding, Inc. Signs MOU with Global Tier One Telecommunications Supplier

GCT Semiconductor Holding, Inc. to Present at the 2024 Gateway Conference on September 4th

Strategic Partnership of Five Tech Leaders for End-to-End Solutions Within 450MHz Ecosystems

GCT Semiconductor Holding, Inc. to Announce Third Quarter Financial Results and Hold Conference Call on November 14, 2024

GCT Semiconductor Holding, Inc. to Attend the 13th Annual ROTH Technology Conference on November 20

GCT Semiconductor Holding, Inc. Reports Third Quarter 2024 Financial Results

GCT Semiconductor Holding, Inc. Signs Strategic Definitive Agreement with European Tier One Telecommunications Supplier

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