Latest news for Goldshore Resources (OTC:GSHRF) Stock

Goldshore Resources Inc is a Canadian company engaged into the business of gold exploration. It's main operating segment is in Canada. The company owns the Moss Lake Gold Project located in Ontario.

Screenshot 2024-02-23 at 12.26.13 AM

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GSHRF

TSXV:GSHR

CEO Of This Gold Miner Talks Sustainability And Market Trends For 2024

Goldshore Resources Offers Compelling Prospects In A Favourable Gold Market

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General

Long Ideas

News

Trading Ideas

Source: Streetwise Reports   04/19/2023

Goldshore Resources Inc. finds high-grade sub-vertical deposits and expects a significant value increase.

Gold Company Sees Shining Future

GOLDSHORE RESOURCES INC by Goldshore Resources Inc.

Goldshore Resources Inc

The offering is expected to close on or about February 7, 2025, subject to customary closing conditions.
In connection with the offering, the selling shareholders have granted the underwriters the option to purchase up to 3,150,000 additional Class A common shares at the public offering price, less underwriting discounts and commissions.

TBBB

Reported Earlier, BBB Foods Prices Secondary Offering Of 21M Class A Common Shares At $28.25 Each

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

BLTE

Reported Earlier, Belite Bio Raises $15M Via Registered Direct Offering Of 258,309 ADSs And Warrants At $58.07 Per ADS

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is looking to hire several engineers and manufacturing technicians as it seeks to ramp up production of its humanoid robot nicknamed Optimus.
What Happened: Tesla&#8217;s careers page shows multiple openings ranging from production manager, manufacturing quality technician, manufacturing engineer, and more for the robot, mostly based out of California. 
The process engineer position job listing says the hired individual will &#8220;identify and resolve key constraints to full-scale production while leading cross-functional implementation of complex assembly processes to production.&#8221;
&#8220;My team is turning Tesla Bot into a reality! We&#8217;re building Tesla Bot in our Fremont Factory in California and we&#8217;re looking for engineers up for the challenge of getting this product ramped up for high volume production,&#8221; Karissa Thein, Senior Sourcer at Tesla, said in a post on Linkedin. 
Why It Matters: Tesla CEO Elon Musk said late last month that the company intends to make <a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">several thousand units of its Optimus humanoid robot this year</a> for deployment in its factory which will inform the next version of the robot slated for launch next year and likely to be sold to rival companies.
Musk said that the company will make a few thousand Optimus robots this year which will do chores at the Tesla factory by the end of the year which employees do not like to do. These robots will inform the production of the next version of the robot which will be launched mid-next year and be likely sold to other companies, the CEO said, while adding that there is a lack of certainty on the exact timing.
Talking about the price of the humanoid robot, Musk said that the robot's production cost will be below $20,000 once production touches a million units a year. However, the <a href="https://www.benzinga.com/news/24/10/41354482/tesla-engineer-admits-optimus-robots-were-human-assisted-to-some-extent-at-robotaxi-unveiling-event">price of Optimus </a>will be set by market demand, Musk said, while also stating that he expects demand will not be a problem even at a high price owing to the multiple use cases on the product. 
"I think long-term Optimus has the potential to be north of $10 trillion in revenue. Like, it's real bananas," Musk then said.&nbsp;
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/analyst-ratings/analyst-color/25/02/43486319/tesla-bear-expects-ev-giants-earnings-to-fall-below-bullish-estimates-in-2025-notes-majority-of-companys-revenues-come-from-car-deliveries" target="_blank" rel="noreferrer noopener">Tesla Bear Expects EV Giant's Earnings To Fall Below Bullish Estimates In 2025, Notes Majority Of Company's Revenues Come From Car Deliveries</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla On Hiring Spree As It Gears To Start Production Of Optimus Robots For Its Own Factories: 'My Team Is Turning Tesla Bot Into A Reality'

Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger believes that ESPN gives the company a significant edge over streaming rivals like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video.
What Happened: During Disney's <a href="https://in.benzinga.com/25/02/43494650/disney-q1-earnings-powered-by-moana-2-and-mufasa-theme-parks-loses-streaming-subscribers">first-quarter earnings</a> call, Iger highlighted ESPN's year-round, 24/7 sports coverage as a key differentiator.
Other streamers are getting into the sports game Disney has the advantage of a menu of sports programming that no one else has, Iger said. "We're on 365 days a year, 24 hours a day. So, if you're a sports fan, it's not about one day of boxing or one day of football, it's about sports every single day of the year."
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/02/43425734/apple-watch-faces-are-a-mess-series-10s-biggest-feature-is-limited-to-just-four-faces-frustrating-users" target="_blank" rel="noreferrer noopener">Apple Watch Faces Are A Mess — Series 10&#8217;s Biggest Feature Is Limited To Just Four Faces, Frustrating Users</a>
He also addressed Disney's broader strategy of making ESPN available across multiple platforms, including skinny bundles and a dedicated flagship streaming service set to launch later this year.
Some will want to consume ESPN as part of a linear channel, others will migrate in the direction of skinnier bundles or sports bundles, he said, adding, "We plan to take advantage" of all of these opportunities.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Disney&#8217;s first-quarter earnings report revealed a 5% year-on-year revenue growth to $24.70 billion, surpassing analyst expectations.
However, Disney experienced a decline of 0.7 million in Disney+ Core paid subscribers, ending the quarter with 125 million subscribers. Sports revenue, primarily driven by ESPN, stayed the same compared to last year, totaling $4.85 billion.
Last month, Netflix posted <a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations">fourth-quarter revenue</a> of $10.25 billion, a 16% increase from the previous year.
At the time, Gary Black highlighted the Mike Tyson&#8211;Jake Paul fight and Beyoncé&#8217;s Christmas show as <a href="https://www.benzinga.com/general/entertainment/25/01/43150781/netflix-crushed-q4-thanks-to-sports-squid-game-says-gary-black-analyst-highlights-low-attrition-despite-price-hikes-predicts-stock-upside">key drivers for Netflix's 18.9</a> million net subscriber gains, exceeding the expected 9.2 million.
Amazon is also reportedly shifting its Prime Video focus <a href="https://www.benzinga.com/25/01/43215631/amazon-prime-video-shifts-focus-to-live-sports-looks-to-become-profitable-by-end-of-2025">toward live sports</a>, investing heavily in sports content to achieve profitability by the end of 2025. The company is scheduled to report its earnings on Feb. 6.
Price Action: Disney&#8217;s stock fell by 0.22% in after-hours trading, ending at $110.30. Earlier on Wednesday, it closed at $110.54, reflecting a 2.44% drop, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Image via Shutterstock
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>.
Read Next:
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<li><a href="https://www.benzinga.com/media/25/02/43517468/google-joins-meta-amazon-in-winding-up-dei-hiring-memo-reveals-details" target="_blank" rel="noreferrer noopener">Google Joins Meta, Amazon In Winding Up DEI Hiring — Memo Reveals Details</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Sports

AMZN

NFLX

Bob Iger Thinks Disney Has An Advantage In Streaming Over Netflix, Amazon: Here's Why

Nokia to modernize Vietnam Air Traffic Management Corporation's communication network for improved safety
<ul>
<li>Vietnam's Air Traffic Management Corporation (VATM) will use Nokia's multi-service network solution to upgrade its legacy network systems to enhance the performance and flexibility of its air traffic network.</li>
<li>Nokia's trusted mission-critical Internet Protocol Multi-Protocol Label Switching (IP/MPLS) networking solution will make air traffic management more robust, and Vietnam's airways safer.</li>
<li>Nokia Quantum-Safe Network (QSN)-ready network will provide unparalleled security and reliability to VATM.</li>
</ul>

Reported Earlier, Nokia To Upgrade Vietnam's Air Traffic Communication Network With Mission-Critical Technology For Enhanced Safety

ValueAct Holdings, L.P. disclosed its third-quarter portfolio in a 13F filing with the U.S. Securities and Exchange Commission on Nov. 14. 
What Happened: The activist hedge fund made significant adjustments, adding shares in Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), and Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) while exiting its stake in Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
Since then, these investments have seen notable price changes. Here's a breakdown:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<th>Holdings</th>
<th>Stock Units</th>
<th>Share Price on Nov. 14 ($)</th>
<th>Price Today ($)</th>
<th>Percentage Change</th>
<th>Value on Nov. 14 ($)</th>
<th>Value as of Feb. 5 ($)</th>
<td>Gains/Losses ($)</td>
</tr>
<tr>
<td>Meta</td>
<td>211,500</td>
<td>577.16</td>
<td>710.31</td>
<td>23.06%</td>
<td>122.07 million</td>
<td>150.23 million</td>
<td>+28 million</td>
</tr>
<tr>
<td>Visa</td>
<td>373,600</td>
<td>308.25</td>
<td>348.22</td>
<td>12.96%</td>
<td>115.16 million</td>
<td>130.09 million</td>
<td>+15 million</td>
</tr>
<tr>
<td>Live Nation</td>
<td>1.01 million</td>
<td>129.19</td>
<td>148.44</td>
<td>14.90%</td>
<td>131.08 million</td>
<td>150.61 million</td>
<td>+20 million</td>
</tr>
<tr>
<td>Spotify (Exited Position)</td>
<td>676,553</td>
<td>477.50</td>
<td>617.89</td>
<td>29.40%</td>
<td>302.76 million</td>
<td>418.04 million</td>
<td>+115 million</td>
</tr>
</tbody>
</table>
</figure>
Since filing, Live Nation, Visa, and Meta have all experienced double-digit growth. Spotify recorded the biggest rise, though, at 29.40%, despite ValueAct&#8217;s exit.
See Also: <a href="https://www.benzinga.com/25/02/43494650/disney-q1-earnings-powered-by-moana-2-and-mufasa-theme-parks-loses-streaming-subscribers">Disney Q1 Earnings: Revenue And EPS Beat, Moana 2 and Mufasa Power Operating Income, 700K Drop In Streaming Subscribers</a>
Why It Matters: ValueAct, known for its activist investment approach, typically uses an event-driven strategy to influence corporate policy and enhance company value. CEO Mason Morfit leads the firm, which has built a reputation for a collaborative, constructivist style compared to more confrontational activist funds. A ValueAct <a href="https://www.benzinga.com/markets/equities/24/11/42006101/activist-hedge-fund-valueact-boosts-meta-stake-with-121m-bet-but-ceo-morfit-supports-mark-zuckerbergs-ai-vision-heres-what-investors-should-know">spokesperson confirmed to Benzinga</a> that the firm has built a $1 billion stake in Meta.
Co-founded by Jeff Ubben in 2000 in San Francisco, ValueAct Capital has a long history of investing in technology companies and other growth sectors. 
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43494246/private-employment-rises-by-183000-beats-estimates-in-january-consumer-facing-industries-drove-hiring">Private Employment Rises By 183,000, Beats Estimates In January: &#8216;Consumer-Facing Industries Drove Hiring&#8217;</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.

Equities

SPOT

Jeff Ubben's ValueAct Bet On Meta, Visa And Exited Spotify In Q3: Was It A Clever Move?

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has recruited top talent from 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 DeepMind. This recruitment is part of an effort led by Mustafa Suleyman to expand Microsoft&#8217;s AI lab in Zurich.
What Happened: Microsoft has onboarded Marco Tagliasacchi and Zalán Borsos. The duo who played key roles in developing the AI podcasting feature &#8220;Audio Overviews,&#8221; announced their move on Tuesday.
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05235247/Screenshot-2025-02-06-at-10.22.39%E2%80%AFAM.png" alt="" class="wp-image-768410" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05233849/Screenshot-2025-02-06-at-10.08.43%E2%80%AFAM-1024x430.png" alt="" class="wp-image-768396" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/02/43425734/apple-watch-faces-are-a-mess-series-10s-biggest-feature-is-limited-to-just-four-faces-frustrating-users" target="_blank" rel="noreferrer noopener">Apple Watch Faces Are A Mess — Series 10's Biggest Feature Is Limited To Just Four Faces, Frustrating Users</a>
The company has also hired Matthias Minderer, formerly of DeepMind, to spearhead efforts in artificial intelligence image analysis.
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05235402/Screenshot-2025-02-06-at-10.23.56%E2%80%AFAM.png" alt="" class="wp-image-768411" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
The new hires will join Microsoft&#8217;s AI lab in Zurich, focusing on developing next-generation AI technologies.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The recruitment is part of a strategic move by Suleyman, who co-founded DeepMind in 2010, left Google in 2022, and joined Microsoft in March 2024, to improve the company&#8217;s capabilities in creating advanced AI agents.
Last year also, Suleyman recruited Dominic King, former head of DeepMind&#8217;s health unit, to spearhead <a href="https://www.benzinga.com/24/12/42453191/microsoft-plans-to-lead-the-charge-in-ai-healthcare-as-mustafa-suleyman-recruits-google-deepmind-talent-report">Microsoft&#8217;s AI health team</a> in London.
Microsoft&#8217;s <a href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details">second-quarter revenue</a> reached $69.6 billion surpassing the $68.78 billion analyst consensus estimate.
At the time, <a href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details">Microsoft CEO</a> Satya Nadella said, &#8220;Already, our AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year.&#8221;
Price Action: Microsoft's stock gained 0.11% in after-hours trading, settling at $413.73. Earlier on Wednesday, it closed at $413.29, marking a 0.22% increase, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Image via Shutterstock
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:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</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.

GOOG

GOOGL

MSFT

Microsoft Poaches Top DeepMind AI Talent Behind Google's Podcasting Feature—Mustafa Suleyman's Zurich AI Lab Expands

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Trade Balance For December 5.085B Vs. 6.520B Est.; 6.792B (Revised) Prior

The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.35 set on Jan. 19. 
What Happened: This dramatic drop follows a volatile market phase, where it <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43335432/trump-meme-coin-now-accepted-for-merchandise-purchases">lost 42% of its value in the last week</a>.
The meme coin, originally launched by CIC Digital, a group linked to President Donald Trump's campaign, reached an astonishing market cap of nearly $75 billion within days of its launch. 
However, its meteoric rise has been matched by sharp declines, as investors face uncertainty amid broader market conditions and recent <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43152664/trump-memecoin-achieved-this-valuation-milestone-inside-two-days-that-took-jeff-bezos-amazon-over-13-years">tariff announcements by Trump</a>.
Despite the volatility, TRUMP has still managed to maintain its position as one of the top meme coins, even after falling from 14th to 32nd in market cap rankings, according <a href="https://coinmarketcap.com/currencies/official-trump/#About">to</a> CoinMarketCap.
At the time of writing, TRUMP was the second-best performing coin behind FTX Token (FTT), according to data from CoinMarketCap. TRUMP outpaced 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>), and meme-king Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) over a 24-hour period.
See Also: <a href="https://www.benzinga.com/25/02/43507132/stocks-rebound-google-eyes-worst-drop-in-a-year-gold-shatters-fresh-records-whats-driving-markets-wednesday">Stocks Rebound, Google Eyes Worst Drop In A Year, Gold Shatters Fresh Records: What&#8217;s Driving Markets Wednesday?</a>
Why It Matters: The coin has also started to see real-world use cases, with online merchants and travel websites like Travala accepting TRUMP as <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43335432/trump-meme-coin-now-accepted-for-merchandise-purchases">payment through Solana Pay</a>. 
The involvement of insiders linked to CIC Digital, who control a large portion of the coin's supply, has raised concerns over potential market manipulation and its <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43335432/trump-meme-coin-now-accepted-for-merchandise-purchases">impact on price stability</a>.
Price Action: The Official TRUMP coin is currently priced at $18.50, up 4.09% in the last 24 hours. It has experienced a significant 171.24% increase since its inception, according <a href="https://coinmarketcap.com/currencies/official-trump/#About">to</a> CoinMarketCap. 
Read Next: 
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<li><a href="https://www.benzinga.com/media/25/02/43517995/amazons-remarkable-alexa-is-coming-heres-what-to-expect-from-the-ai-overhaul-and-its-potential-10-monthly-fee">Amazon&#8217;s &#8216;Remarkable Alexa&#8217; Is Coming—Here&#8217;s What To Expect From The AI Overhaul And Its Potential $10 Monthly Fee</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.

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

Cryptocurrency

$BTC

$DOGE

$ETH

TRUMP Meme Coin Jumps 4.27%, Outpaces Bitcoin, Ethereum And Dogecoin, But It's Still No Where Near January Highs

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is gearing up to introduce a <a href="https://www.benzinga.com/markets/equities/24/11/42055771/amazons-ai-powered-alexa-upgrade-faces-latency-compatibility-concerns-report">major AI upgrade</a> to its Alexa voice assistant with a press event reportedly in New York on Feb. 26.
What Happened: Internally known as &#8220;Banyan&#8221; or &#8220;Remarkable Alexa,&#8221; the upgrade has experienced delays due to concerns about response quality and speed. A final decision on its readiness is anticipated on Feb. 14 during a &#8220;Go/No-go&#8221; meeting, reported Reuters.
The enhanced Alexa is designed to improve user interaction by processing multiple prompts in sequence and functioning as an &#8220;agent&#8221; for users. This represents a shift from the current version, which typically handles one request at a time.
See Also: <a href="https://www.benzinga.com/news/25/02/43506632/mark-zuckerberg-once-told-sam-altman-that-the-most-painful-moment-in-his-life-was-not-rejecting-a-1">Mark Zuckerberg Once Told Sam Altman That The Most Painful Moment In His Life Was Not Rejecting A $1 Billion Buyout Offer For Facebook But Losing An Entire Team — Here&#8217;s Why&nbsp;</a>
Amazon intends to initially offer the upgraded service to a limited user base for free, although a monthly fee ranging from $5 to $10 was being considered.
The existing &#8220;Classic Alexa&#8221; will continue to be available at no cost, but it will not receive any new features, the report noted, citing one person familiar with the matter.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: <a href="https://www.benzinga.com/24/11/42176396/amazon-anthropic">Amazon&#8217;s $8 billion investment</a> in AI startup Anthropic will bolster the new Alexa&#8217;s AI capabilities.
This overhaul is viewed as a strategic effort to convert Alexa&#8217;s extensive user base into paying customers, addressing the current service&#8217;s lack of profitability, the report added.
The Alexa division has been grappling with profitability issues, reportedly incurring a $5 billion loss in 2022. According <a href="https://fortune.com/2024/06/24/amazon-ai-enabled-remarkable-alexa-paid-version-subscription-investment-cuts/">to</a> Bank of America, the success of &#8220;Remarkable Alexa&#8221; is crucial, as further investment cuts could occur if the paid version does not gain traction.
Last month, OpenAI&#8217;s ChatGPT also entered the <a href="https://www.benzinga.com/25/01/42993561/is-openais-chatgpt-about-to-make-amazons-alexa-apples-siri-and-google-assistant-a-thing-of-the-past">virtual assistant market</a> with its &#8220;Tasks&#8221; feature, challenging established players like Amazon&#8217;s Alexa, Apple&#8217;s Siri, and Google&#8217;s Assistant.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has chosen to integrate its &#8220;Apple Intelligence&#8221; into Siri, using the capabilities of ChatGPT.
In 2023, 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 Assistant <a href="https://www.benzinga.com/news/23/10/35094259/google-unveils-assistant-with-bard-powered-by-generative-ai-for-android-ios">was upgraded with the features</a> of Bard, which has since been rebranded as Gemini.
Image via Shutterstock
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 AI tools and was reviewed and published by Benzinga editors.

Media

AAPL

Amazon's 'Remarkable Alexa' Is Coming—Here's What To Expect From The AI Overhaul And Its Potential $10 Monthly Fee

Nissan Motor Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) CEO Makoto Uchida has informed Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) CEO Toshihiro Mibe of his intention to terminate discussions on a potential merger, Asahi <a href="https://www.asahi.com/ajw/articles/15613735">reported</a> Thursday. 
Nissan&#8217;s stock rose 2.09% to 395 Japanese Yen ($2.59) on the Tokyo exchange, while Honda fell 4.10% to 1,438 Japanese Yen ($9.44). 
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43511849/strategy-q4-earnings-bitcoin-treasury-company-spends-205b-on-btc-shares-inch-higher-despite-revenue-miss">Strategy Q4 Earnings: Bitcoin Treasury Company Spends $20.5B On BTC, Shares Inch Higher Despite Revenue Miss</a></li>
</ul>
Image Via Shutterstock

Asia

NSANY

Nissan CEO Seeks To End Honda Merger Talks: Report

U.S. markets were in the green on Wednesday, with the Nasdaq Composite rising approximately 40 points to 19,692.33. The Dow Jones saw a slight increase of 0.7%, reaching 44,873.28, while the S&amp;P 500 experienced a rise of nearly 0.4%, settling at 6,061.48.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)
MicroStrategy&#8217;s stock fell by 3.33%, closing at $336.70. The stock hit an intraday high of $352.36 and a low of $333.55, with a 52-week range of $46.75 to $542.99. The company has <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43506411/microstrategy-rebrands-as-strategy-unveils-new-logo-and-bitcoin-focused-identity">rebranded</a> as Strategy, emphasizing its focus on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and artificial intelligence. The new logo features a stylized &#8220;B,&#8221; symbolizing its position as a major Bitcoin Treasury Company. The Michael Saylor-led company reported a <a href="https://in.benzinga.com/news/earnings/25/02/43511849/strategy-q4-earnings-bitcoin-treasury-company-spends-205b-on-btc-shares-inch-higher-despite-revenue-miss">fourth-quarter revenue</a> of $120.7 million, missing the analyst estimate.
Qualcomm Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)
Qualcomm&#8217;s shares rose by 1.63%, closing at $175.86. The stock reached an intraday high of $177 and a low of $169.90, with a 52-week high of $230.63 and a low of $142.43. The company reported&nbsp;<a href="https://www.benzinga.com/25/02/43509115/qualcomm-q1-earnings-highlights-record-revenue-eps-beat-estimates">record first-quarter revenue</a>&nbsp;of $11.7 billion, surpassing analyst expectations. This growth is attributed to its diversification initiatives.
Arm Holdings Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)
Arm Holdings saw a 6.82% increase in its stock price, closing at $173.26. The stock&#8217;s intraday high was $173.95, with a low of $162.50, and a 52-week range of $71.80 to $188.75. The company reported&nbsp;<a href="https://in.benzinga.com/news/earnings/25/02/43513408/arm-holdings-stock-slides-on-q3-earnings-revenue-beat-eps-beat-revised-guidance-and-more">third-quarter earnings</a>&nbsp;that exceeded expectations, with revenue of $983 million and adjusted earnings of 39 cents per share.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)
Ford&#8217;s stock declined by 1.48%, closing at $10.01. The stock&#8217;s intraday high was $10.32, with a low of $9.96, and a 52-week range of $9.49 to $14.85. The company reported&nbsp;<a href="https://in.benzinga.com/news/earnings/25/02/43512137/ford-shares-skid-after-q4-report-details">fourth-quarter earnings</a>&nbsp;of 39 cents per share, beating the 33-cent estimate, with revenue of $48.2 billion.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock dropped by 3.58%, closing at $378.17. The stock reached an intraday high of $388.39 and a low of $375.53, with a 52-week range of $138.80 to $488.54. Reports suggest that Elon Musk may meet with Indian Prime Minister Narendra Modi later this month, potentially discussing <a href="https://in.benzinga.com/25/02/43489837/elon-musk-likely-to-meet-india-pm-later-this-month-report">Tesla and Starlink launches in India</a>.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43517403/cathie-wood-sells-palantir-shares-as-rally-cools-down-ark-invest-also-dumps-nearly-7-million-worth-of-robinhood-stock">Cathie Wood Sells Palantir Shares As Rally Cools Down, Ark Invest Also Dumps Nearly $7 Million Worth Of Robinhood Stock</a></li>
</ul>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

MSTR

QCOM

Microstrategy, Qualcomm, Arm Holdings, Ford, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Broader cryptocurrency markets saw declines over the past 24 hours, with total market capitalization dropping 2.01% to $3.17 trillion. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8.15 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.23%</td>
<td>$97,104.13</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-1.90%</td>
<td>$$2,798.85</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-2.21%</td>
<td>$$0.259</td>
</tr>
</tbody>
</table>
</figure>
What Happened:&nbsp;Bitcoin briefly dipped below $97,000, touching a low of $96,174.83, while other major altcoins also faced downward pressure. The pullback follows recent remarks from Federal Reserve Vice Chair Philip Jefferson, who urged caution regarding interest rate cuts in the current economic environment.
Jefferson stated Tuesday that the central bank should be careful when adjusting interest rates amid economic uncertainty. His comments aligned with the Federal Open Market Committee's recent decision to maintain the federal funds rate at 4.25% to 4.5%, according to a CNBC report. The Fed has previously cut rates by a total of one percentage point over three meetings after aggressive hikes to combat inflation.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8.15 p.m. ET)</td>
</tr>
<tr>
<td>OFFICIAL TRUMP (TRUMP)</td>
<td>+6.82%</td>
<td>$18.77</td>
</tr>
<tr>
<td>FTX Token (FTT)</td>
<td>+5.24%</td>
<td>$2.04</td>
</tr>
<tr>
<td>Monero (XMR)</td>
<td>+4.18%</td>
<td>$229.48</td>
</tr>
</tbody>
</table>
</figure>
Traditional markets painted a mixed picture amid crypto's pullback. The Dow Jones Industrial Average rose 317.24 points, or 0.71%, to close at 44,873.28, while the S&amp;P 500 gained 0.39% to reach 6,061.48. The tech-heavy Nasdaq Composite edged up 0.19% to 19,692.33. Meanwhile, Dow futures saw modest movement, rising 55.00 points in after-hours trading.
Market sentiment remains mixed, with the Crypto Fear and Greed Index at 49, signaling a neutral stance. 
In the past 24 hours, 88,973 traders were liquidated, with total liquidations amounting to $185.46 million, according to CoinGlass. 
While Bitcoin struggled, Ethereum saw <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">increased interest following social media commentary</a> on from Eric Trump on Tuesday, who suggested on X that it was a &#8220;great time to add $ETH.&#8221; Altcoins continued to show volatility, with Dogecoin trading lower.
Analyst Notes: Analyst Rekt Capital highlighted on X that previous altcoin cycles gained momentum when Bitcoin's dominance rejected the 71% level. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Dominance The strongest Altseasons have occurred every time Bitcoin Dominance rejected from 71%<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/4rC6Se2PxR">https://t.co/4rC6Se2PxR</a> <a href="https://t.co/15bd906Jg3">pic.twitter.com/15bd906Jg3</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1887233489587589254?ref_src=twsrc%5Etfw">February 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Separately, cryptocurrency analyst Michaël van de Poppe provided a long-term bullish outlook, suggesting that Bitcoin could reach $500,000 and Ethereum $20,000 in an extended bull cycle. He compared the current market setup to previous speculative booms, including the dot-com era and the 2017 crypto surge, emphasizing institutional adoption and government support as key drivers.
Van de Poppe also pointed to macroeconomic shifts that could impact crypto, including potential devaluation strategies by China and increased institutional involvement in Bitcoin. He noted that the U.S. government appears increasingly supportive of digital assets, with financial institutions expanding custody services and regulatory attitudes shifting toward broader adoption. 
Despite the recent bearish sentiment, he argued that altcoins remain undervalued and that the long-term crypto cycle still has room for upside movement. &#8220;The current sentiment of the markets is ultra bearish as the biggest daily capitulation in the history of the crypto markets has been taking place,&#8221; he wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The perfect storm for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> at $500,000 and <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> at $20,000. The current sentiment of the markets is ultra bearish as the biggest daily capitulation in the history of the crypto markets has been taking place. Understandable. What&#39;s next? Well, if your positions were… <a href="https://t.co/q7IvIXM7VU">pic.twitter.com/q7IvIXM7VU</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1887169793322897758?ref_src=twsrc%5Etfw">February 5, 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/news/earnings/25/02/43511849/strategy-q4-earnings-bitcoin-treasury-company-spends-205b-on-btc-shares-inch-higher-despite-revenue-miss">Strategy Q4 Earnings: Bitcoin Treasury Company Spends $20.5B On BTC, Shares Inch Higher Despite Revenue Miss</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.

Bitcoin, Dogecoin Drop, Ethereum Drop After Fed Vice Chair Pours Cold Water On Rate Cut Expectations: Top Trader Sees BTC At $500,000 And ETH At $20,000

Google's parent company 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>) has reportedly <a href="https://www.benzinga.com/markets/equities/25/01/42835400/mcdonalds-scales-back-diversity-initiatives-amid-conservative-pressure-cites-shifting-legal-landscape">decided to discontinue</a> its diversity, equity, and inclusion hiring targets.
What Happened: Fiona Cicconi, Google&#8217;s head of HR, cites the company&#8217;s obligations as a federal contractor and recent U.S. court rulings and executive orders as reasons for the change, <a href="https://www.theverge.com/google/607012/google-dei-hiring-goals-internal-memo">reported</a> The Verge, citing a memo obtained on Wednesday.
The Wall Street Journal also <a href="https://www.wsj.com/tech/google-kills-diversity-hiring-targets-04433d7c?st=4f5Pst">noted</a> that Google has removed a statement from its SEC reports about its commitment to DEI.
See Also: <a href="https://www.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency">Sundar Pichai Downplays DeepSeek Threat — Google&#8217;s Gemini Still Leads In Cost, Performance, And Latency</a>
Google spokesperson Chloe Cooper told the publication that the company remains dedicated to fostering a workplace where all employees can thrive.
Alphabet did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It Matters: Earlier, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) also announced the <a href="https://www.benzinga.com/news/25/01/43214683/target-ends-dei-program-following-trumps-call-to-eliminate-illegal-preferences-expert-calls-it-brand-suicide-for-retail-giant-with-diverse-customer-base">discontinuation of their</a> DEI programs.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) also decided to wind down on some of its DEI initiatives.&nbsp;
The decisions came after President Donald Trump ordered federal agencies to dismantle DEI programs and urged private companies to stop what he called &#8220;illegal DEI discrimination and preferences.&#8221;
Alphabet reported <a href="https://in.benzinga.com/25/02/43479274/alphabet-q4-earnings-highlights-ai-cloud-youtube-momentum-continues-capex-guidance-sends-shares-lower">fourth-quarter revenue</a> of $96.5 billion, marking a 12% increase from the previous year. However, it narrowly missed the Street consensus estimate of $96.6 billion.
Price Action: As of this writing, Alphabet's Class A shares were up 0.089% in after-hours trading, while Class C shares rose 0.052%. Earlier on Wednesday, Class A shares closed 7.29% lower at $191.33, and Class C shares dropped 6.94% to $193.30, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Image via Shutterstock
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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.

Google Joins Meta, Amazon In Winding Up DEI Hiring — Memo Reveals Details

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). These trades occurred amid notable developments in both companies, drawing attention from investors and market analysts.
The Palantir Trade
On Wednesday, Ark Invest, through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), decided to offload 5,495 shares of Palantir. This move came as <a href="https://www.benzinga.com/content/43497092/palantir-stock-surges-after-blockbuster-earnings-whats-next">Palantir&#8217;s stock soared</a> following its impressive fourth-quarter earnings report. The company reported a 36% year-over-year increase in total revenue, with substantial growth in its U.S. commercial and government sectors. The Palantir rally has since simmered down with the stock ending 2.4% lower at $101.36 on Wednesday. This valued the Ark trade at approximately $556,973.
Palantir&#8217;s stock performance has been remarkable, showing a 34.8% upside since 2025 began.The retail investing community actively engaging with the company&#8217;s prospects. The recent earnings report has only fueled this enthusiasm, showcasing the company&#8217;s strong performance and future potential.
Notably, Ark <a href="https://www.benzinga.com/25/02/43484615/cathie-wood-led-ark-invest-dumps-7m-worth-of-palantir-stock-amid-searing-rally">chose to offload</a> nearly $7.4 million worth of Palantir shares a day earlier amid the searing rally in the stock on Tuesday.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/02/43502478/microstrategy-stock-caught-in-a-tug-of-war-will-q4-earnings-tip-the-scale">MicroStrategy Stock Caught In A Tug-Of-War: Will Q4 Earnings Tip The Scale?</a>
The Robinhood Trade
Ark Invest also made moves involving Robinhood through its flagship ARKK fund. The company <a href="https://www.benzinga.com/general/sports-betting/25/02/43482999/robinhood-ends-super-bowl-lix-bets-plan-after-cftc-complaint">recently faced challenges</a> after its plan to offer event contracts for Super Bowl LIX was halted due to a complaint from the Commodity Futures Trading Commission. Robinhood had intended to launch these contracts in collaboration with Kalshi, but the plan was scrapped following regulatory pressure.
Despite this setback, Robinhood is <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43310167/robinhood-expands-trading-services-with-bitcoin-oil-gold-futures">expanding its trading services</a>, including futures trading for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), oil, and gold. This strategic move into derivative markets indicates Robinhood&#8217;s efforts to diversify its offerings and attract a broader user base. The developments surrounding Robinhood highlight the dynamic nature of the financial services industry and the challenges companies face in navigating regulatory landscapes.
On Wednesday, Ark sold 127,952 Robinhood stocks worth $6.9 million. Robinhood shares ended the day 3.1% higher at $54.20.
Other Key Trades:
<ul>
<li>Crisper Therapeutics (CRSP): Ark Invest purchased 159,139 shares through ARKK and 28,199 shares through ARKG.</li>
<li>10X Genomics Inc (TXG): Acquired 77,594 shares via ARKK.</li>
<li>Twist Bioscience Corp (TWST): Bought 15,291 shares from ARKK.</li>
<li>Lockheed Martin Corp (LMT): Sold 100 shares through ARKQ.</li>
</ul>
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKK

HOOD

PLTR

Cathie Wood Sells Palantir Shares As Rally Cools Down, Ark Invest Also Dumps Nearly $7 Million Worth Of Robinhood Stock

Editor&#8217;s Note: This story has been updated to correct a typographical error.
Before Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) became the world's most valuable semiconductor company, it was on the brink of bankruptcy—until a single letter from Jensen Huang to Taiwan Semiconductor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) Morris Chang changed everything.  
What Happened: In 1997, Nvidia was struggling financially, with just 50 to 60 employees and an increasingly uncertain future.
Facing potential bankruptcy, Nvidia CEO wrote a letter to Chang, pleading for the company's support in manufacturing a critical chip that could turn Nvidia's fortunes around.
In a podcast, Chang recalled time saying that in his letter, Huang explained that Nvidia had developed promising technology but was struggling to find a reliable foundry partner.
Nvidia had already approached TSMC's San Jose office but had received no response. The letter, mailed to TSMC's general post office, eventually made its way to Chang, sparking curiosity and irritation.
See Also:<a href="https://www.benzinga.com/news/management/25/01/43274796/jensen-huang-loses-20b-in-wealth-how-deepseek-hit-nvidia-stock-and-worlds-richest-people"> Jensen Huang Loses $20B In Wealth: How DeepSeek Hit Nvidia Stock And World&#8217;s Richest People</a>
"The letter raised my curiosity and also irritated me a little bit," Chang recalled. "I had always told our salespeople that we should never be negligent in talking to future customers, even if the customer seems to be a very small one."&nbsp;&nbsp;
Coincidentally, Chang was planning a visit to the U.S. the following week. He decided to call Huang personally using the phone number printed on the letter's stationery.
Huang answered amidst background noise, seemingly in the middle of a heated discussion with his team. But as soon as he realized who was calling, he silenced the room and excitedly shouted, "Quiet! Morris Chang is calling me!"&nbsp;&nbsp;
The two arranged to meet in person, where Huang made a bold prediction. Despite Nvidia's financial troubles, he was confident that its upcoming chip—whose name Chang couldn't recall—would not only save the company but also make Nvidia one of TSMC's major customers.
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.
"That was quite a bold statement," Chang admitted. "We were a billion-dollar company at that time, and to be a major customer of ours, he would have to produce revenue for us of at least $50 million a year."&nbsp;&nbsp;
Against all odds, Huang's prediction came true. The chip was a massive success, not only rescuing Nvidia from financial collapse but also cementing its position as a leading force in the gaming and graphics industry.
Within two to three years, Nvidia had become one of TSMC's top five customers.
<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="TSMC founder Morris Chang" width="500" height="281" src="https://www.youtube.com/embed/FZItbr4ZJnc?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>
Why It Matters: Today, Nvidia and TSMC's partnership, potentially valued in billions of dollars, is one of the most important in the semiconductor industry.
TSMC manufactures the world's most advanced chips, including Nvidia's AI-focused GPUs, which have driven the company's market valuation to $3.057 trillion.&nbsp;
Nvidia's AI processors, such as the H100 and upcoming Blackwell GPUs, rely on TSMC's cutting-edge fabrication technology. Nvidia contributed 11% of TSMC&#8217;s revenue in 2023, according to estimates from semiconductor analyst Dan Nystedt. The company paid TSMC $7.73 billion that year for its services.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nvidia became TSMC's 2nd biggest customer last year, as the AI chip maker paid NT$241.15 billion (US$7.73 billion) for TSMC's chip manufacturing services and accounted for 11% of net revenue. 1/3 <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://twitter.com/search?q=%24AAPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AAPL</a> <a href="https://twitter.com/search?q=%24TSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSM</a> <a href="https://twitter.com/hashtag/semiconductors?src=hash&amp;ref_src=twsrc%5Etfw">#semiconductors</a>
&mdash; Dan Nystedt (@dnystedt) <a href="https://twitter.com/dnystedt/status/1763361992864415930?ref_src=twsrc%5Etfw">March 1, 2024</a></blockquote>
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Earlier it was revealed in Chang's biography that in 2013 he offered Huang the position of CEO at his company. However, the <a href="https://www.benzinga.com/24/12/42270404/nvidia-ceo-jensen-huang-was-offered-ceo-role-at-rival-company-in-2013-i-already-have-a-job">Nvidia CEO declined</a>, stating, &#8220;I already have a job.&#8221;
TSMC currently has a market capitalization of $1.081 trillion, making it the 10th most valuable company in the world.
However, reports from last year suggested strain in Nvidia and TSMC's three-decade partnership. The Information <a href="https://www.theinformation.com/articles/nvidia-and-tsmcs-lucrative-ai-alliance-shows-signs-of-stress">reported</a> that TSMC believes Nvidia rushed production despite knowing about Blackwell&#8217;s defects. Meanwhile, Nvidia blamed <a href="https://www.benzinga.com/news/24/09/40800236/nvidia-faces-investor-scrutiny-over-blackwell-chip-delays-big-revenue-expected-report">delays on TSMC's new</a> semiconductor packaging technology.
Photo Courtesy: Glen photo on Shutterstock.com
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>.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42260222/how-nvidia-ceos-clever-but-nerdy-pick-up-line-turned-a-homework-proposal-into-marriage-while-building-338-trillion-ai-chip-giant-along-the-way">How Nvidia CEO Jensen Huang&#8217;s Clever Pick-Up Line Turned A Homework Proposal Into Marriage While Building $3.38 Trillion AI Chip Giant Along The Way</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Jensen Huang Once Wrote A Desperate Letter To Save Nvidia But Also Forged A Partnership Worth Billions With TSMC: Morris Chang Reveals The Story (UPDATED)

Banks have successfully sold $5.5 billion in loans tied to X Corp., the social media platform owned by Elon Musk, amid <a href="https://www.benzinga.com/general/social-media/25/01/43373012/elon-musk-bringing-advertisers-back-to-x-amazon-boosts-spending-apple-considers-return">surging investor demand</a>. 
What Happened: The sale, which was initially planned at $3 billion, was expanded due to heightened interest, with investors including Pimco and Citadel purchasing the loans at 97 cents on the dollar, people familiar with the matter <a href="https://www.wsj.com/finance/banks-sell-5-5-billion-of-x-loans-after-investor-interest-surges-4b84f89c?st=GYpPqP&amp;reflink=desktopwebshare_permalink">told</a> The Wall Street Journal. 
The floating-rate debts carry an interest rate of approximately 11%—a premium even compared to some of Wall Street's riskiest loans.
The transaction underscores the renewed investor enthusiasm surrounding X Corp. following Musk's growing influence in Washington and the return of key advertisers, such as Amazon.com Inc. The platform faced significant turmoil after Musk's $44 billion acquisition in 2022, as advertisers pulled back due to concerns over content moderation. While X is still grappling with financial challenges, recent signs of stability have drawn fresh interest from investors.
At a recent investor meeting led by Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) bankers and X CEO Linda Yaccarino, financial documents revealed that Musk's artificial intelligence startup, xAI, has injected hundreds of millions of dollars into X. The two entities share executives and business ties, and X now holds a 10% stake in xAI, valued at approximately $5 billion, according to the WSJ report.
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43513408/arm-holdings-stock-slides-on-q3-earnings-revenue-beat-eps-beat-revised-guidance-and-more">Arm Holdings Stock Slides On Q3 Earnings: Revenue Beat, EPS Beat, Revised Guidance And More</a>
Why It Matters: The loan sale is a significant win for the banks, including Morgan Stanley, Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), which originally extended financing for Musk's 2022 buyout. The sluggish performance of X and high interest rates had forced them to hold onto the debt far longer than expected.
Despite the successful sale, the banks still retain around $6 billion in X-related debt, some of which is considered riskier. X remains under financial pressure, with annual interest payments exceeding $1 billion. 
With major advertisers like Amazon ramping up spending and Apple Inc. reportedly considering reintroducing ads. 
Read Next: 
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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.

Social Media

Elon Musk's Lenders Cash In $5.5 Billion On Thanks To Investor Demand For X Loans: Report

Elon Musk-led Department of Government Efficiency has secured access to the Centers for Medicare and Medicaid Services, according a report Wednesday. The extent of the access and the systems involved are yet to be clarified.
What Happened: DOGE representatives have been granted access to key payment and contract systems, <a href="https://www.wsj.com/politics/elon-musk-doge-medicare-medicaid-fraud-e697b162?mod=hp_lead_pos3">reported</a> Wall Street Journal. However, the CMS has not provided any clarification on this matter.
Musk said on X that &#8220;big money fraud&#8221; was taking place at the CMS on Wednesday in response to another user sharing the story..
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yeah, this is where the big money fraud is happening <a href="https://t.co/jXqXrlKDGp">https://t.co/jXqXrlKDGp</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1887184902543577590?ref_src=twsrc%5Etfw">February 5, 2025</a></blockquote>
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The CMS confirmed the collaboration with DOGE, mentioning two senior agency veterans leading the collaboration and ensuring appropriate access to CMS systems and technology, according to the Journal.
DOGE&#8217;s focus on CMS aligns with its&nbsp;mandate to cut at least&nbsp;$1 trillion in federal spending. The CMS, which spent over $1.5 trillion in 2024, is often criticized for fraudulent and wasteful spending. Musk expressed&nbsp;his interest in the health&nbsp;agency, hinting at potential fraud in Medicare spending.
Musk&#8217;s representatives had reportedly yet to access sensitive databases that include identifiable personal health information of people enrolled in both Medicaid and Medicare. The access given to DOGE representatives was &#8220;read-only.&#8221;
See Also: <a href="https://www.benzinga.com/news/global/25/02/43514257/trump-administration-softens-gaza-takeover-proposal-as-middle-east-allies-reject-plan">Trump Administration Softens Gaza Takeover Proposal As Middle East Allies Reject Plan</a>
Why It Matters: DOGE&#8217;s access to CMS comes in the wake of Trump&#8217;s Medicaid cuts. In January it was reported that the GOP was pushing for <a href="https://www.benzinga.com/personal-finance/25/01/43191852/an-existential-fight-ahead-why-trumps-medicaid-cuts-could-leave-millions-struggling-with-healthcare-costs">big changes to Medicaid</a>, which serves 79 million low-income or disabled Americans.
Later that month, the White House ordered a temporary freeze on all federal grants and loans, putting $3 trillion in funding under scrutiny. This move threatened a wide range of industries, including healthcare. Benzinga reported that all federal agencies were <a href="https://www.benzinga.com/25/01/43290381/trumps-federal-spending-freeze-puts-3-trillion-in-limbo-threatens-industries-like-clean-energy-defense-healthcare">required to halt disbursements</a> while programs were reviewed for alignment with Trump&#8217;s policy priorities.
Soon after the freeze was announced the Medicaid website stopped functioning, but the White House later attributed that to an &#8220;outage.&#8221; The executive branch of the government said that <a href="https://www.benzinga.com/25/01/43294006/trump-white-house-blames-outage-for-medicaid-website-lockout-we-have-confirmed-no-payments-have-been-affected">no payments had been affected</a>.
The Department of Government Efficiency shares its acronym with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the cryptocurrency frequently mentioned in Musk&#8217;s posts on X.
Price Action: At the time of writing, DOGE traded 2.7% lower at $0.26, according to <a href="https://pro.benzinga.com/?utm_source=insights">data from Benzinga Pro</a>.
Image via Shutterstock
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Health Care

Politics

DOGE Gains Access To Medicare And Medicaid Systems: Elon Musk Says, 'This Is Where The Big Money Fraud Is Happening'

Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) reported record deliveries in the fourth quarter as the company prepares to grow in the<a href="https://www.benzinga.com/topic/electric-vehicle"> electric vehicle sector.</a>
The company enters 2025 with strong momentum and the launch of a second vehicle model.
What Happened: Lucid launched the highly anticipated Gravity three-row SUV in late 2024.
In January, Lucid sold 50 Lucid Gravity SUVs, according to data from Motor Intelligence reported by <a href="https://electrek.co/2025/02/04/lucid-lcid-ev-sales-climb-50-jan-after-gravity-suv-launch/">Electrek</a>. The company had total sales of 665 units in January, consisting of the Gravity vehicles and 615 Lucid Air sedans.
The sales figure is among the highest monthly totals in Lucid history, falling shy of the record 780 deliveries in the month of December. 
This represents a 51% year-over-year increase for Lucid for January, which could illustrate how important the launch of the Gravity was, giving the company a second model and important entry into the SUV sector.
Lucid reported deliveries of 3,099 vehicles in <a href="https://www.benzinga.com/25/01/42842059/lucids-q4-deliveries-soar-to-new-highs-gravity-suv-sets-optimism-for-coming-months">the fourth quarter</a>, a company record at the time. Quarterly deliveries were up 79% year-over-year in the fourth quarter.
Read Also<a href="https://www.benzinga.com/news/earnings/24/11/41826774/lucid-q3-earnings-revenue-beat-eps-beat-on-track-to-produce-9k-vehicles-in-2024">: Lucid Q3 Earnings: Revenue Beat, EPS Beat, On Track To Produce 9K Vehicles In 2024</a>
Why It's Important: The Gravity SUV, which has a starting price of $94,900 will help Lucid compete with the Tesla Model X from Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and the Rivian R1S from Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>).
The company also plans to launch its lower-priced version of the Gravity later this year with a starting price of $79,900.
With the potential end of the federal EV tax credit, Tesla is expected to benefit from its lower prices. Lucid has not been among the sales leaders for EVs, but has received attention and praise <a href="https://www.benzinga.com/news/management/24/06/39364585/lucid-vs-tesla-ceo-says-companys-technology-is-a-number-of-years-ahead-of-ev-leader">for its technology.</a>
The early success of the Gravity could go a long way to showing that Lucid has staying power in the electric vehicle sector.
Lucid reports fourth-quarter financial results Feb. 25, which could offer more commentary on how Gravity demand and momentum is fairing. 
LCID Price Action: Lucid stock closed Wednesday at $2.91 versus a 52-week trading range of $1.93 to $4.43. The stock is up in the last several trading days, but shares remain down 10% over the past year. The stock is up over 40% from its year lows hit in December.
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<li><a href="https://www.benzinga.com/news/25/01/42986863/us-electric-vehicle-sales-hit-record-1-3-million-units-in-2024-despite-tesla-declines-top-10-bestsel">US Electric Vehicle Sales Hit Record 1.3 Million Units In 2024, Despite Tesla Declines: Top 10 Bestselling Models</a></li>
</ul>
Courtesy: Lucid

LCID

RIVN

Lucid Deliveries Up 51% In January, Here's How Many Gravity SUVs Sold In First Full Month

AVGO CLIMBS OVER 9 POINTS
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="794" height="595" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/05211815/Screen-Shot-2025-02-05-at-4.25.03-PM.png" alt="" class="wp-image-5516" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/05211815/Screen-Shot-2025-02-05-at-4.25.03-PM.png 794w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/05211815/Screen-Shot-2025-02-05-at-4.25.03-PM-300x225.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/05211815/Screen-Shot-2025-02-05-at-4.25.03-PM-768x576.png 768w" sizes="(max-width: 794px) 100vw, 794px" /></figure>
Broadcom, Inc. (AVGO) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:03 AM on February 5th, a significant trading signal occurred for Broadcom, Inc. (AVGO) as it demonstrated a Power Inflow at a price of $228.86. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Broadcom&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Broadcom&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for AMZN, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $228.86. The returns on the High price ($237.93) and Close price ($232) after the Power Inflow were respectively 4.0% and 1.7%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

Technicals

TRADEPULSE POWER INFLOW ALERT: BROADCOM INC. (AVGO) MOVES UP 4% AFTER ALERT FROM TRADEPULSE

Press Releases

Goldshore Announces Early Warning Report for Lutry Investments

EarthLabs Expeditions, The Adventure Continues with Goldshore Resources Inc.

SPOFF

TSX:SPOT

TSXV:SPOT

Goldshore Resources

Source: Streetwise Reports &nbsp;&nbsp;04/19/2023

Goldshore Resources Inc. finds high-grade sub-vertical deposits and expects a significant value increase.

Goldshore Resources Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GSHRF#OTCQB">GSHRF</a>) is anticipating a number of forward-looking milestones that it expects will increase the company&#39;s value. The company is expecting a re-evaluation of the Moss Lake project that should reveal substantial deposits of high-grade gold and has recently completed a project to bring European investors on board.

Goldshore is a Canadian-based junior mining company, and its flagship project is the Moss Lake gold project in Ontario. Brett Richards is the CEO, and Peter Flindell is the Vice President of Exploration. Marlis Yassin is the CFO. &nbsp;

<h3>Potential for a Significant Increase in Value</h3>

According to Brett Richards, CEO, the highlight of Goldshore is the company&#39;s investment thesis: Goldshore is currently the lowest-valued junior gold trading company, with the most potential for value increases.

Richards said, &quot;The value of our company is five dollars. We&#39;re going to increase the resource by 50%, and we&#39;re going to put a project around that . . .&nbsp; all of these metrics point to a company that should be five times where we are today and grow to ten times in another year.&quot; Goldshore expects to find a path of continual share price appreciation as it expands the Moss Lake project.

<blockquote class="callOut left">Reuters predicted, based on last week&#39;s economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.</blockquote>

Subvertical deposits have been found throughout the Moss Lake project, containing an estimated 6 million ounces of high-grade gold. Over half of this is expected to register at 2 g/t gold.

This would make the Moss Lake project the highest-grade open pit deposit in Canada. Goldshore is anticipating an updated mineral resource estimate that is set to come out later this month.

Goldshore just recently finished a round of fundraising in Europe. When asked why he chose to reach out to investors in places like London, Brett Richards said that he wanted to find a market where shares were tightly held: &quot;They won&#39;t sell until you sell.&quot;

<h3>Why Gold?</h3>

Gold is still hovering at about US$2,000 and has recovered from last Friday&#39;s sell-off. According to Jim Wyckoff of Kitco, &quot;Friday&#39;s downside price action in gold and silver are so far just normal downside corrections in uptrends that remain strong.&quot;

This coincides with uncertainty in the United States&#39; economy, said Nadine McGrath of Stockhead. At the close of last week, gold was slowly climbing toward the record price of US$2,075.47, which was set in August 2020 during economic uncertainty brought on by the COVID-19 pandemic.

Reuters predicted, based on last week&#39;s economic data, that the economy is likely to run into a slowdown, which, based on previous trends, may once again drive investors toward gold as a safe haven investment.

<h3>The Future of Goldshore</h3>

Aside from the catalysts mentioned above, there are a number of factors that make Goldshore attractive.

<blockquote class="callOut right">&nbsp;According to Clive Maund, &quot;Goldshore Resources Inc.&#39;s fundamentals are positive, which of course increases the chances of improvement in the stock price soon.&quot;</blockquote>

According to Clive Maund, &quot;Goldshore Resources Inc.&#39;s fundamentals are positive, which of course increases the chances of improvement in the stock price soon. . . being still very close to the second low of a large-ish double bottom at a time when the sector is really coming to life, the company is viewed as being a very attractively priced junior here. It is rated an immediate Strong Speculative Buy.&quot;

Goldshore expects 40,000m of drilling in 2023, and it will put out press releases on its progress every three to four weeks. An MRE will come out in April of 2023. A PEA will come out in H1 of 2023, and it will be focused on the at-surface high-grade shear domain material. A tertiary MRE will come out at the end of 2023, which will cover all drilling done that year and all historical drilling that can be brought into the resource model. [OWNERSHIP_CHART-10614]

Goldshore has also maintained its social license with the First Nations communities around it. While it sponsored some individuals to go to university, it has also invited members of the community to take part in training to become mining professionals.

<h3>Ownership and Share Structure</h3>

Management, directors, and insiders own about 17 million shares, or 11%. Galen Stuart Mcnamara owns 2.44%, Brett Allan Richards owns 2.09%, Victor Cantore owns 1.17%, and Shawn Khunkhun owns 0.54%

In regard to institutions, Sprott owns 7.35%, Commodity Capital AG owns 2.75%, U.S. Global Investors, Inc., owns 0.60%, Middlefield Capital Corporation owns 0.39%, and other institutions own 10 million shares combined. Wesdome holds 22.89% of the company&#39;s shares as a result of the acquisition of the Moss Lake project.

Goldshore has a market cap of CA$40 million as of December 27, 2022. There are 165 million shares, 5 million broker warrants, and options that represent 8% of the company&#39;s I/O. They trade in the 52-week period between 0.16 and 0.55.

Goldshore reports that it has CA$7 million in the bank, with a monthly burn rate of CA$1.2 million and a monthly drilling cost of CA$1.1 million.

Disclosure: 
1) Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: none. She or members of her household are paid by the following companies mentioned in this article: none. Her company has a financial relationship with the following companies referred to in this article: none.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldshore Resources Inc. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with none. Please click <a href="https://www.streetwisereports.com/pub/htdocs/disclaimer.html?utm_medium=feed#consulting">here</a> for more information. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of none. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal&nbsp;disclaime<a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed">r</a>. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldshore Resources Inc., a company mentioned in this article.<img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=25205" style="height:0px; width:0px" />

(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/GSHR#TSXV">GSHR</a>, OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GSHRF#OTCQB">GSHRF</a>, FWB: 8X00, ))

Photo by&nbsp;<a href="https://pixabay.com/users/stevebidmead-249424/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=513062">Steve Bidmead</a>&nbsp;from&nbsp;<a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=513062">Pixabay</a>

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