First Trust Low Duration Opportunities ETF (NASDAQ: LMBS)

Latest news for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

First Trust Low Duration Opportunities ETF

Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 60 percent of its net assets (including investment borrowings) (the 60 percent Requirement) in mortgage-related debt securities and other mortgage-related instruments (collectively, Mortgage-Related Investments). The Fund normally expects to invest in Mortgage-Related Investments tied to residential and commercial mortgages. Mortgage-Related Investments consist of: (1) residential mortgage-backed securities (RMBS); (2) commercial mortgage-backed securities (CMBS); (3) stripped mortgage-backed securities (SMBS), which are mortgage-backed securities where mortgage payments are divided up between paying the loans principal and paying the loans interest; and (4) collateralized mortgage obligations (CMOs) and real estate mortgage investment conduits (REMICs) where they are divided into multiple classes with each class being entitled to a different share of the principal and/or interest payments received from the pool of underlying assets. Mortgage-Related Investments typically represent an interest in a pool of mortgage loans made by banks and other financial institutions. The individual mortgage loans are packaged or pooled together for sale to investors. As the underlying mortgage loans are paid off, investors receive principal and interest payments. Mortgage-Related Investments may be fixed-rate or adjustable-rate Mortgage-Related Investments (ARMS).

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Economics

Reported Earlier, Australia Trimmed Mean Consumer Price Index (QoQ) For Q4 0.5% Vs. 0.6% Est.; 0.8% Prior

Reported Earlier, Australia Consumer Price Index (YoY) For Q4 0.2% Vs. 0.3% Est.; 0.2% Prior

Reported Earlier, Australia Consumer Price Index (QoQ) For Q4 2.4% Vs. 2.5% Est.; 2.8% Prior

Palmer Luckey, founder of Oculus and Anduril Industries, has voiced strong criticism against the reaction to DeepSeek, labeling it as an overreaction.
What Happened: On Tuesday, Luckey took to X, formerly Twitter, and described the hysteria surrounding DeepSeek, a China-based AI startup, as an &#8220;indictment of so many.&#8221;
He dismissed the $5 million figure associated with DeepSeek as false.
He said the Chinese hedge fund aims to deter investment in American AI startups and benefit from short positions against U.S. tech giants like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/01/43258349/deepseek-flags-fake-founders-account-on-x-as-open-source-ai-model-surpasses-openais-chatgpt-on-apple-store" target="_blank" rel="noreferrer noopener">DeepSeek Flags Fake Founder's Account On X As Open-Source AI Model Surpasses OpenAI's ChatGPT On Apple Store</a>
DeepSeek is backed by High-Flyer, an $8 billion Chinese quantitative hedge fund co-founded by Liang Wenfeng.
Luckey also accused the fund of attempting to obscure sanction evasion. &#8220;America is a fertile bed for psyops like this because our media apparatus hates our technology companies and wants to see President Trump fail.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DeepSeek is legitimately impressive, but the level of hysteria is an indictment of so many. The $5M number is bogus. It is pushed by a Chinese hedge fund to slow investment in American AI startups, service their own shorts against American titans like Nvidia, and hide sanction…
&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1884351579240927677?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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Why It Matters: DeepSeek has said that it developed its low-cost R1 model in just two months with an <a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more">investment of $5.6 million</a>. This has sparked questions regarding the rationale behind some U.S. tech companies&#8217; commitments to invest billions in AI.
On Monday, Nvidia's stock plummeted 17%, wiping out <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">roughly $600 billion</a> from its market value — marking its largest single-day loss. Meanwhile, the Nasdaq 100 dropped more than 3%, experiencing its <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin-drops-below-100000-whats-driving-markets-monday">steepest decline</a> since Dec. 18.
Billionaire investor Bill Ackman has raised concerns about whether DeepSeek&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">hedge fund partner may have benefited</a> from the tech stock downturn on Monday. &#8220;A fortune could have been made.&#8221;
The <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks">White House</a> announced on Tuesday that the National Security Council is reviewing DeepSeek&#8217;s implications, citing potential national security risks.
Meanwhile, Jeff Bezos-backed <a href="https://www.benzinga.com/25/01/43293869/jeff-bezos-backed-perplexity-rolls-out-self-hosted-deepseek-r1-model-amid-controversy-over-chinese-ai-influence-ceo-aravind-srinivas-says-theres-a-lot-of-misconception">Perplexity AI</a> has launched a self-hosted version of the DeepSeek R1 model.
Photo Courtesy: Shutterstock.com
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/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">DeepSeek&#8217;s R1 Is Impressive But OpenAI CEO Sam Altman Says Will Deliver Much Better Models: &#8216;Looking Forward To Bringing You All AGI And Beyond&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

NVDA

Palmer Luckey Blasts Hysteria Over DeepSeek, Oculus-Founder Says Chinese Hedge Fund's 'Psyops' Targeted US AI Giants Like Nvidia

Jim Cramer took aim at panic sellers Tuesday as major tech stocks recovered from a sharp decline triggered by Chinese artificial intelligence startup DeepSeek&#8216;s market entrance, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) leading the rebound with an 8.82% gain.
What Happened: &#8220;The shoot first learn later crew really got hosed today,&#8221; CNBC&#8217;s Cramer wrote on X, following Monday&#8217;s tech sector selloff that <a href="https://www.benzinga.com/markets/equities/25/01/43221806/nvidia-amd-broadcom-smci-tsmc-and-other-tech-giants-lead-monday-pre-market-selloff-as-nasdaq-100-futures-plummet-over-650-points-amid-reports-of-chinese-ai-startup-deepseek-overtaking-chatgpt">erased nearly $600 billion </a>from Nvidia&#8217;s market value amid concerns over DeepSeek&#8217;s claims of matching OpenAI&#8217;s performance at lower costs.
The phrase &#8220;shoot first, learn later&#8221; originates from the idiom &#8220;shoot first, ask questions later,&#8221; implying a hasty or impulsive action, often criticized in financial contexts for lacking due diligence.<a href="https://usdictionary.com/idioms/shoot-first-ask-questions-later/" target="_blank" rel="noreferrer noopener"></a>
The recovery saw Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) surge 5.25% and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) climb 2.57%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>, as market sentiment shifted away from initial panic over DeepSeek&#8217;s potential disruption of the AI chip market.
Fundstrat Global Advisors&#8216; head of research Tom Lee characterized Monday&#8217;s selloff as &#8220;an overreaction&#8221; during CNBC&#8217;s &#8220;Closing Bell,&#8221; drawing parallels to Nvidia&#8217;s March 2020 decline that proved to be a <a href="https://www.benzinga.com/markets/equities/25/01/43259288/fundstrats-tom-lee-sees-nvidias-17-plunge-as-an-opportunity-calls-nasdaqs-over-600-points-plunge-drop-a-market-overreaction">strategic entry point for investors</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The shoot first learn later crew really got hosed today
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1884357707634778187?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk&#8217;s SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3</a>
Why It Matters: The market response has raised questions about <a href="https://www.benzinga.com/25/01/43266135/jim-cramer-squashes-deepseek-hype-warns-of-ai-sputnik-moment-as-investor-frenzy-and-inferiority-complex-vs-china-grips-market">U.S.-China AI competition</a>. &#8220;The sudden emergence of DeepSeek is a Sputnik-like moment for the U.S. and potentially undermines U.S. AI exceptionalism, but we see yesterday&#8217;s panic selling to be overdramatic,&#8221; Appreciate CEO Subho Moulik told Benzinga.
Adding complexity to the narrative, billionaire investor Bill Ackman questioned whether DeepSeek&#8217;s hedge fund affiliate, High-Flyer, potentially profited from the <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">selloff through options trading</a>. The Chinese startup emerged from High-Flyer, an $8 billion quantitative hedge fund co-founded by Liang Wenfeng.
OpenAI CEO Sam Altman acknowledged DeepSeek&#8217;s R1 as &#8220;an impressive model,&#8221; while <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">Nvidia defended its position</a>, stating that DeepSeek&#8217;s operations still &#8220;requires significant numbers of Nvidia [chips] and high-performance networking.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43293715/cathie-wood-dumps-tesla-stock-ahead-of-q4-earnings-ark-invest-loads-up-on-amazon">Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AVGO

Jim Cramer Says The 'Shoot First Learn Later' Crowd Got 'Hosed' As Nvidia And Other Tech Stocks Stage Recovery After DeepSeek Turmoil

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has joined forces with Elon Musk's SpaceX and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to bring Starlink satellite texting capabilities to iPhones.
What Happened: Apple has integrated the Starlink satellite network into its latest <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately">iPhone software update</a> iOS 18.3, released on Monday, <a href="https://www.bloomberg.com/news/articles/2025-01-29/apple-and-spacex-link-up-to-support-starlink-satellite-network-on-iphones">reported</a> Bloomberg.
T-Mobile has initiated a limited beta test, allowing some iPhone users to experience the Starlink service.
Participants in the beta received messages from T-Mobile, informing them of their inclusion in the Starlink program. The company said that the test will initially support select smartphones, with plans to expand to more devices, the report noted.
See Also: <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far">iOS 18.4 Preview: Updates To Siri, More Languages For Apple Intelligence, And Robot Vacuum Support — Everything We Know So Far</a>
Currently, the Starlink service is limited to texting, but SpaceX and T-Mobile aim to include data and voice capabilities in the future.
The service is available only in the U.S. for now, contrasting with Apple&#8217;s satellite connectivity provider Globalstar (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) service, which operates in multiple countries.
Why It Matters: This partnership marks a significant shift, as T-Mobile had previously only mentioned Starlink compatibility with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) devices.&nbsp;
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T-Mobile has also expanded the beta to include some users with Android 15, the newest version of 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's operating system.
Both the Starlink and Apple satellite services are intended for use in remote areas, like hiking trails, where <a href="https://www.benzinga.com/news/23/07/33350183/iphone-14-crash-detection-feature-saves-drivers-life-in-terrifying-400-feet-cliff-fall">cellular coverage is unavailable</a>.
The Apple satellite service is supported on most modern iPhone models, and the company is also planning to introduce it on the Ultra smartwatch later this year, the report noted.
T-Mobile US is set to discuss its fourth-quarter earnings on Wednesday, Jan. 29, 2025. The company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41501756/t-mobile-reports-strong-q3-results-service-revenues-grew-5-yoy-fcf-grew-29-raised-fy24-guidance">third-quarter revenue</a> reached $20.16 billion, surpassing the analyst consensus estimate of $20.01 billion. Apple&#8217;s <a href="https://www.benzinga.com/25/01/43198886/apples-q1-earnings-might-not-miss-a-beat-even-as-iphone-sales-stumble-analyst">first-quarter earnings</a> report is expected on Jan. 30.
Price Action: Apple&#8217;s stock rose by 3.65% on Tuesday, ending the day at $238.26, and saw a further increase of 0.038% in after-hours trading, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>. TMUS&#8217;s stock dropped 0.17% on Tuesday, closing at $221.06, but gained 0.12% in after-hours trading.
Photo Courtesy: 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/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost" target="_blank" rel="noreferrer noopener">Stephen King Slams Elon Musk&#8217;s H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost&#8217;</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.

Media

AAPL

GOOG

GOOGL

GSAT

SSNLF

TMUS

Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk's SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3

Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek&#8216;s emergence.
What Happened: Ives, writing on X on Tuesday, said he anticipates both tech giants to reiterate their substantial 2025 AI-driven capital expenditure targets – $60-65 billion for Meta and $80 billion for Microsoft – during their Wednesday earnings calls.
The analyst&#8217;s comments come as both companies prepare to report quarterly results amid market uncertainty triggered by DeepSeek&#8217;s surprise <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">announcement of a new large language model</a> that reportedly cost just $6 million to develop using restricted Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
While DeepSeek&#8217;s achievement sent tremors through tech stocks, On Monday, Ives dismissed concerns about its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">impact on established players</a>. &#8220;No US Global 2000 is going to use a Chinese start-up DeepSeek to launch their AI infrastructure and use cases,&#8221; he noted, characterizing the recent market reaction as a &#8220;golden buying opportunity.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We expect Meta and Microsoft to reiterate their massive 2025 AI driven Capex numbers of $60 billion-$65 billion and $80 billion respectively with a firm tone on tomorrow night's conf call. This is what the Street is focused on after the DeepSeek LLM/model heard around the world&#x1f37f;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1884370285790421282?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">Bill Ackman Questions Whether DeepSeek AI&#8217;s Hedge Fund Affiliate Profited From Nvidia&#8217;s Sell-Off: &#8216;A Fortune Could Have Been Made&#8217;</a>
Why It Matters: For Meta&#8217;s upcoming report, analysts expect robust <a href="https://www.benzinga.com/general/social-media/25/01/43283942/meta-q4-earnings-preview-analysts-say-advertising-strength-could-drive-above-industry-topline-growth">advertising momentum to drive revenue growth</a>. Goldman Sachs analyst Eric Sheridan projects &#8220;above-industry topline growth over the next several quarters,&#8221; citing strong ad performance and untapped potential in platforms like WhatsApp and Messenger.
Microsoft investors will focus on Azure&#8217;s <a href="https://www.benzinga.com/25/01/43287988/microsoft-q2-preview">cloud computing performance</a>, with analysts projecting 31-32% revenue growth. Oppenheimer analyst Timothy Horan, however, cautioned that the Street might be &#8220;too optimistic&#8221; about near-term returns on AI investments.
The broader AI landscape continues to evolve rapidly, with both companies <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43236579/chinas-deepseek-ai-rattles-tech-stocks">heavily invested in the sector</a>. &#8220;The focus of AI right now is the enterprise use cases and broader infrastructure propelling this $2 trillion of Cap-Ex over the next 3 years,&#8221; Ives emphasized, highlighting the strategic importance of maintaining planned investment levels despite market volatility.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Bets favoring approval of a Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) exchange-traded fund in 2025 surged on Polymarket after cryptocurrency fund manager&nbsp;Bitwise Asset Management formally applied with the SEC.
What Happened: The odds on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-<a href="https://polymarket.com/event/doge-etf-approved-in-2025?tid=1738100634583">based </a>prediction platform increased from 43% to 56% in the last 24 hours before falling back to 53% as of this writing. On Jan. 2, the likelihood of Dogecoin ETF was just 26%.
The surge followed Bitwise&#8217;s official submission with the SEC to list a Bitwise Dogecoin ETF that will provide exposure to the market moves of the world&#8217;s largest meme coin. The S-1 filing is a prerequisite for issuers to file to offer new securities.
The firm had submitted an <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43153205/bets-favoring-dogecoin-etf-approval-in-2025-jump-after-bitwises-delaware-filing-top-trader-paints-over-4000-upside-for-memecoin">ETF filing</a> to Delaware&#8217;s Department of State&#8217;s Division of Corporations last week, typically seen as a precursor to an official SEC filing.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43256704/robert-kiyosaki-predicts-yet-another-stock-market-crash-advises-bitcoin-investments-heres-what-you-should-know-about-the-rich-dad-poor-dad-authors-previous-forecasts">Robert Kiyosaki Predicts Yet Another Stock Market Crash, Pitches Bitcoin Investments — Here&#8217;s What The &#8216;Rich Dad Poor Dad&#8217; Author Said</a>
Why It Matters: The news of the filing spurred a 4% rise in Open Interest for Dogecoin futures over the last 4 hours, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass, indicating high speculative interest.
Additionally, bullish bets for the coin surged, with more than 53% of futures traders placing long positions, <a href="https://www.coinglass.com/LongShortRatio">data </a>from Long/Short ratio showed.
Bitwise's registration comes after&nbsp;REXShares&nbsp;and&nbsp;Osprey&nbsp;filed several ETF applications with the SEC last week,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43105356/meme-coin-supercycle-dogecoin-trump-bonk-futures-etf-applications-filed" target="_blank" rel="noreferrer noopener">including one</a>&nbsp;for Dogecoin. 
Influential trader Ali Martinez stated previously that an ETF could propel DOGE&#8217;s price to $15.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3282, down 1.80% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has gained 3.70%. 
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/43257114/donald-and-melania-trump-memecoins-defy-market-lull-with-rallyanalyst-says-trump-bottomed-out-at-25">Donald and Melania Trump Memecoins Outgain Bitcoin, Ethereum Amid Market Lull — Analyst Says TRUMP Bottomed Out At $25</a></li>
</ul>

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

Cryptocurrency

$DOGE

$POL

Polymarket Bets Turn Bullish On 2025 Dogecoin ETF After Bitwise Move

A nationwide lockout of federal health payment systems, reportedly due to an &#8220;outage&#8221;, has led to widespread criticism of the White House. The lockout affected several organizations and agencies, including state Medicaid programs, federally funded Head Start early education programs, and community health centers.
What Happened: The White House attributed the lockout to an &#8220;outage.&#8221; White House Press Secretary Karoline Leavitt said on X that the administration is &#8220;aware&#8221; of the Medicaid website not functioning.
&#8220;We have confirmed no payments have been affected — they are still being processed and sent,&#8221; said Leavitt.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The White House is aware of the Medicaid website portal outage. We have confirmed no payments have been affected — they are still being processed and sent. We expect the portal will be back online shortly.
&mdash; Karoline Leavitt (@PressSec) <a href="https://twitter.com/PressSec/status/1884329868030271759?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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The lockout prevented multiple state Medicaid programs from accessing their payment systems. However, operations resumed later the same day, according to a CBS News <a href="https://www.cbsnews.com/news/medicaid-head-start-health-centers-trump-funding-freeze/">report</a>. The incident coincided with President Donald Trump&#8217;s controversial decision to freeze spending across the federal government, leading to heightened criticism from state governments, nonprofits, and lawmakers.
The entities affected were unable to access the Payment Management Services web portal, run by the Department of Health and Human Services (HHS), which processes billions of dollars in payments annually. 
The lockout and the ongoing communication &#8220;pause&#8221; imposed by the Trump administration at HHS led to a flurry of requests for comment from various stakeholders, including the National Association of Medicaid Directors and several lawmakers.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a>
Why It Matters: The lockout occurred amidst the administration&#8217;s decision to freeze spending across the federal government, a move that has been challenged legally. A federal judge issued a <a href="https://www.benzinga.com/government/regulations/25/01/43292056/judge-blocks-trumps-order-to-freeze-federal-grant-money">temporary stay on the funding freeze</a>, halting the move until further arguments can be heard.
The freeze put<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"> $3 trillion in funding under scrutiny</a>. This directive required all federal agencies to halt disbursements while programs were reviewed for alignment with Trump&#8217;s policy priorities.
The move is expected to hit sectors such as healthcare, education, clean energy and others. Stocks of clean energy companies like Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>). and Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) suffered a downturn. Shares of healthcare-sector firms like Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) and Tenet Healthcare Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) also were in the red on Tuesday.
Photo Courtesy: Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43293715/cathie-wood-dumps-tesla-stock-ahead-of-q4-earnings-ark-invest-loads-up-on-amazon">Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon</a></li>
</ul>
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

General

NOVA

Trump White House Blames 'Outage' For Medicaid Website Lockout: 'We Have Confirmed No Payments Have Been Affected'

On Monday, Jeff Bezos-backed Perplexity AI unveiled a self-hosted version of the DeepSeek R1 model.
What Happened: Perplexity CEO Aravind Srinivas shared the development on X, formerly Twitter, saying the model is now available for research purposes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The world&#39;s most powerful reasoning model, DeepSeek R1, with reasoning traces, is now on Perplexity, for supporting your daily deep web research! Enjoy! Limits will be increased during the day. Updates coming shortly. <a href="https://t.co/ZDSUKnfmyK">pic.twitter.com/ZDSUKnfmyK</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1883914158481306017?ref_src=twsrc%5Etfw">January 27, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">DeepSeek&#8217;s R1 Is Impressive But OpenAI CEO Sam Altman Says Will Deliver Much Better Models: &#8216;Looking Forward To Bringing You All AGI And Beyond&#8217;</a>
The announcement led to misconceptions, with some fearing that DeepSeek data might be accessible to the Chinese government or that search results could be censored.
Srinivas addressed these concerns, stating, "All DeepSeek usage in Perplexity is through models hosted in data centers in the USA and Europe. DeepSeek is &#x2A;open-source&#x2A;. None of your data goes to China."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/28215041/Screenshot-2025-01-29-at-8.20.34%E2%80%AFAM-1024x293.png" alt="" class="wp-image-754792" /><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>
He also assured users that the DeepSeek R1 model on Perplexity remains uncensored by sharing a screenshot of an unfiltered response as proof.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Uncensored DeepSeek R1 on Perplexity <a href="https://t.co/TPmHrf0xWr">pic.twitter.com/TPmHrf0xWr</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1884047035994890370?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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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: Earlier, Ross Gerber criticized DeepSeek&#8217;s privacy policy, expressing <a href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does">distrust in Chinese data practices</a>.
The White House has also placed DeepSeek under a <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks">national security review</a>.
Previously, in an interview, David Sacks, the White House AI and crypto czar said, &#8220;There's substantial evidence that what DeepSeek did here is they distilled knowledge out of OpenAI models and I don't think OpenAI is very happy about this.
Srinivas also spoke about it saying, &#8220;There's a lot of misconception that China &#8216;just cloned&#8217; the outputs of OpenAI. This is far from true and reflects incomplete understanding of how these models are trained in the first place.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There's a lot of misconception that China "just cloned" the outputs of openai. This is far from true and reflects incomplete understanding of how these models are trained in the first place. DeepSeek R1 has figured out RL finetuning. They wrote a whole paper on this topic called…
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1884130395437908205?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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DeepSeek has been recognized for its capabilities, reportedly <a href="https://www.benzinga.com/news/25/01/43261256/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has">outperforming other major AI models</a> like OpenAI&#8217;s ChatGPT. Access to DeepSeek-R1 via API begins at $0.14 per million tokens, approximately 750,000 words. The newest DeepSeek model is said to be most comparable to OpenAI's "o1" model, which costs $7.50 per million tokens.
Photo Courtesy: 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>.
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<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking&#8217;</a></li>
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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.

Jeff Bezos-Backed Perplexity Rolls Out Self-Hosted DeepSeek R1 Model Amid Chinese AI Controversy: CEO Aravind Srinivas Says, 'There's A Lot Of Misconception...'

Billionaire investor Bill Ackman questioned whether DeepSeek&#8216;s hedge fund affiliate potentially profited from Monday&#8217;s tech stock rout, which saw Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares plunge 17% following the Chinese artificial intelligence startup&#8217;s emergence as a potential disruptor.
What Happened: &#8220;What are the chances that Deepseek AI&#8217;s hedge fund affiliate made a fortune yesterday with short-dated puts on Nvidia, power companies, etc.?&#8221; Ackman wrote Tuesday on X, formerly Twitter. &#8220;A fortune could have been made.&#8221;
DeepSeek, which emerged from High-Flyer, an $8 billion Chinese quantitative hedge fund co-founded by Liang Wenfeng, according <a href="https://www.wsj.com/tech/ai/deepseek-ai-china-tech-stocks-explained-ee6cc80e">to</a> The Wall Street Journal, sparked market concerns after announcing its R1 AI model could match OpenAI&#8216;s performance at significantly lower costs without using advanced chips.
The announcement triggered a broader tech selloff that erased <a href="https://www.benzinga.com/markets/equities/25/01/43221806/nvidia-amd-broadcom-smci-tsmc-and-other-tech-giants-lead-monday-pre-market-selloff-as-nasdaq-100-futures-plummet-over-650-points-amid-reports-of-chinese-ai-startup-deepseek-overtaking-chatgpt">approximately $1 trillion in market value</a>. Companies like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) also saw significant declines as investors questioned the massive AI infrastructure investments by U.S. tech giants.
Ackman, <a href="https://www.benzinga.com/markets/24/07/39778021/billionaire-bill-ackman-launching-new-fund-should-income-investors-search-elsewhere">through his hedge fund</a> Pershing Square Capital Management, holds a significant stake in tech giants such as Google parent Alphabet, according to 13F filings with the U.S. Securities and Exchange Commission.
High-Flyer and DeepSeek did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What are the chances that <a href="https://twitter.com/deepseek_ai?ref_src=twsrc%5Etfw">@deepseek_ai</a>'s hedge fund affiliate made a fortune yesterday with short-dated puts on <a href="https://twitter.com/nvidia?ref_src=twsrc%5Etfw">@nvidia</a>, power companies, etc.? A fortune could have been made.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1884359958952571329?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293219/teslas-30k-ev-risks-being-a-nothing-burger-says-gary-black-warns-of-cannibalization-without-a-new-compact-design">Tesla&#8217;s $30K EV Risks Being A &#8216;Nothing Burger,&#8217; Says Gary Black—Warns Of Cannibalization Without A New Compact Design</a>
Why It Matters: OpenAI CEO Sam Altman acknowledged R1 as &#8220;an impressive model, particularly around what they&#8217;re able to deliver for the price,&#8221; on X, announcing plans to <a href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond">accelerate some product releases in response</a>.
Nvidia <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">defended its position</a>, stating that DeepSeek&#8217;s operations &#8220;requires significant numbers of Nvidia [chips] and high-performance networking.&#8221;
DeepSeek&#8217;s success using lower-cost chips raises <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer">questions about U.S. export controls</a> on advanced semiconductors to China, suggesting either their ineffectiveness or the possibility of alternative technological approaches in AI development.
The privately-held Chinese company&#8217;s R1 model, released as open-source software, allows other companies to adapt it for their use, potentially accelerating the democratization of AI technology beyond <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43289107/will-deepseek-hurt-magnificent-7-stocks-valuation">traditional tech giants</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43284388/mini-financial-crisis-for-crypto-incoming-arthur-hayes-predicts-bitcoin-dropping-to-75k-be">&#8216;Mini Financial Crisis&#8217; For Crypto Incoming? Arthur Hayes Predicts Bitcoin Dropping To $75K Before Skyrocketing To $250K By Year-End</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

Bill Ackman Questions Whether DeepSeek AI's Hedge Fund Affiliate Profited From Nvidia's Sell-Off: 'A Fortune Could Have Been Made'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) lead ambassador Shytoshi Kusama hinted at a major partnership announcement for the blockchain ecosystem on Tuesday, stirring up excitement among enthusiasts.
What Happened: Kusama took to X to tease an upcoming &#8220;extremely powerful partnership announcement,&#8221; which appeared to have significant implications for the entire project, including the meme coin SHIB.
The pseudonymous figure offered to discuss the partnership in detail with influencers and those willing to know about it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SHIB, the ecosystem, brand, meme, operating system, and network state has an EXTREMELY powerful partnership announcement coming SOON. I know many of you influencers out there book your X SPACES early, so if you are interested in having me speak on any of the above, post below&#x1f447;
&mdash; Shytoshi Kusama&#x2122; (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1884335037967130751?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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The post fueled conjectures, with theories ranging from a possible collaboration with cryptocurrency exchange Binance to social media giant X, which is controlled by Elon Musk.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The best and biggest partnership for me is <a href="https://twitter.com/hashtag/BINANCE?src=hash&amp;ref_src=twsrc%5Etfw">#BINANCE</a>!!! THIS IS FOR EVERYONE.
&mdash; Murat Aydın (@V5Murat) <a href="https://twitter.com/V5Murat/status/1884337632790077679?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43256704/robert-kiyosaki-predicts-yet-another-stock-market-crash-advises-bitcoin-investments-heres-what-you-should-know-about-the-rich-dad-poor-dad-authors-previous-forecasts">Robert Kiyosaki Predicts Yet Another Stock Market Crash, Pitches Bitcoin Investments — Here&#8217;s What The &#8216;Rich Dad Poor Dad&#8217; Author Said</a>
Why It Matters: Kusama&#8217;s tease comes a day after <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43261673/shytoshi-kusamas-biggest-announcement-ever-tease-triggers-rally-in-shiba-inu-ecosystem-tokens">he revealed</a> that he was preparing for the &#8220;biggest announcement&#8221; he has ever made. The statement triggered a rally in Shiba Inu ecosystem tokens, like SHIB, the recently launched Shiba Inu TREAT&nbsp;(TREAT), and Bone ShibaSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONE</a>).
Kusama, fondly called "Shy" within the community, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43220991/shytoshi-kusama-steps-down-as-shiba-inu-lead-accomplished-my-initial-goal-with-flying-colors-heres-whats-next-for-the-masked-visionary">stepped down</a> from his role as Shiba Inu&#8217;s lead visionary and assumed the role of a lead ambassador, shifting focus toward execution and communication from vision.
Interestingly, a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin called SHY, which is inspired by Kusama, rose 25% in the last 24 hours, <a href="https://dexscreener.com/solana/fkxxlyb169gkemtx3r6zj4mxffu29ay9w9cyj77hhvhb" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to Dex Screener.
Price Action: At the time of writing, SHIB was exchanging hands at $0.00001832, down 4.36% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
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$BONE

$SHIB

$SOL

Shiba Inu's Shytoshi Kusama Teases 'Extremely Powerful Partnership' — Coin Themed On Him Rallies 25%

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The Tesla Trade
Ark Invest made a decisive move on Tuesday by selling 2,772 shares of Tesla Inc. through its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). The sale, valued at approximately $1.1 million based on Tesla&#8217;s closing price of $398.09, comes ahead of Tesla&#8217;s <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/43285246/teslas-q4-earnings-looms-can-the-stock-keep-its-rally-alive">anticipated fourth-quarter earnings report</a>. Investors are keenly observing Tesla&#8217;s performance, especially with CEO Elon Musk&#8217;s ambitious promise of a 30% sales increase in 2025. Despite a remarkable 106.68% rise over the past year, Tesla&#8217;s stock has seen a slight decline of 1.41% year-to-date. The market remains cautious, with Wall Street expressing skepticism about Tesla&#8217;s growth projections.
The Amazon Trade
On the same day, Ark Invest increased its stake in Amazon.com Inc. by purchasing 41,338 shares through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARKW. This acquisition, totaling approximately $9.8 million, is based on Amazon&#8217;s closing price of $238.15. Notably, Ark had purchased <a href="https://www.benzinga.com/25/01/43256648/cathie-wood-swoops-in-to-buy-amd-shares-amid-deepseek-tech-upheaval-dumps-tesla-stock-worth-8-1-million">$1.76 million worth of Amazon shares</a> just a day prior. The Amazon stock purchases has been a continuing trend with the Wood-led firm adding another $8.9 million worth of shares in early January.
Other Key Trades:
<ul>
<li>Sold 446,148 shares of Adyen NV (ADYEY) through ARKW.Sold 25,500 shares of Rocket Lab USA Inc (RKLB) through ARKQ.Sold 22,830 shares of Roblox Corp (RBLX) through ARKK.</li>
<li>Bought 69,250 shares of Absci Corp (ABSI) through ARKG.Bought 8,210 shares of Qualcomm Inc (QCOM) through ARKW.</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>

AMZN

ARKK

ARKW

TSLA

Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon

On Tuesday, the White House said the National Security Council is reviewing the implications of DeepSeek, a Chinese AI firm.&nbsp;
What Happened: The White House press secretary Karoline Leavitt confirmed the development stating, &#8220;This is a wake-up call to the American AI industry,&#8221; reported Reuters.
She echoed President Donald Trump&#8217;s earlier remarks, saying that the White House remained committed to securing America&#8217;s leadership in AI innovation.
The review comes amid fears of intellectual property theft, a concern raised by David Sacks, the White House&#8217;s AI and crypto czar.
See Also: <a href="https://www.benzinga.com/markets/25/01/43258349/deepseek-flags-fake-founders-account-on-x-as-open-source-ai-model-surpasses-openais-chatgpt-on-apple-store">DeepSeek Flags Fake Founder&#8217;s Account On X As Open-Source AI Model Surpasses OpenAI&#8217;s ChatGPT On Apple Store</a>
In a Fox News interview on Monday, Sacks highlighted the AI technique known as distillation, where one model learns from another, as a potential threat.
&#8220;I think one of the things you&#8217;re going to see over the next few months is our leading AI companies taking steps to try and prevent distillation &#8230; That would definitely slow down some of these copycat models,&#8221; he said.
<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">AI &amp; Crypto Czar <a href="https://twitter.com/DavidSacks?ref_src=twsrc%5Etfw">@DavidSacks</a> says there&#39;s &quot;substantial evidence&quot; that DeepSeek distilled knowledge out of OpenAI&#39;s model. <a href="https://t.co/e3ppKa2UWJ">pic.twitter.com/e3ppKa2UWJ</a>
&mdash; CAPITAL (@capitalnewshq) <a href="https://twitter.com/capitalnewshq/status/1884352755164406175?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It Matters: Earlier, veteran investor Ross Gerber also criticized DeepSeek&#8217;s privacy policy, stating that user data might be <a href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does">stored on servers in China</a>.
Meanwhile, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has also <a href="https://www.benzinga.com/25/01/43260751/alibaba-unveils-advanced-ai-model-amid-us-tech-sell-off-triggered-by-deepseeks-performance">introduced a new AI model</a>, Qwen2.5-VL, to rival OpenAI&#8217;s offerings.
In response to the competitive threat posed by DeepSeek, OpenAI has also launched a specialized version of <a href="https://www.benzinga.com/government/regulations/25/01/43271935/openai-launches-chatgpt-gov-for-us-agencies-as-deepseek-threat-heats-up-ai-race">ChatGPT for U.S. government</a> agencies.
On Monday, technology stocks globally <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43283732/tech-rebounds-after-black-monday-nvidia-rallies-6-gm-plummets-whats-driving-markets-tuesday">experienced a sell-off due</a> to concerns that DeepSeek&#8217;s cost-effective model could challenge U.S. AI leaders.
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the leading U.S. maker of high-performance AI chips, saw its shares tumble 17%, erasing <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">approximately $600 billion</a> from its market capitalization — a record one-day loss. The Nasdaq 100 slumped over 3% on Monday witnessing its <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin-drops-below-100000-whats-driving-markets-monday">sharpest decline</a> since Dec. 18.
While in office, former President Joe Biden implemented <a href="https://www.benzinga.com/markets/equities/25/01/42967114/what-does-joe-bidens-last-minute-chip-export-restrictions-mean-for-nvidia-that-has-jensen-huang-led-ai-giant-up-in-arms">extensive export controls</a> on AI chips and manufacturing equipment from companies like Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). This was aimed to curb China's advancements in AI.
Image Courtesy: 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:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more" target="_blank" rel="noreferrer noopener">Satya Nadella Said ‘We Should Take Development Out Of China Very, Very Seriously.' Now, DeepSeek's R1 Has Emerged As A ChatGPT Killer, Outperforming OpenAI With 50x Lower Costs: Here's More</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

BABA

Trump White House Puts DeepSeek Under National Security Scanner: 'Wake-Up Call To The American AI Industry'

Leading cryptocurrencies shed early gains on Tuesday, while stocks recovered well following Monday&#8217;s DeepSeek scare.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>–0.12%</td>
<td>$101,743.75</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.77%</td>
<td>$3,110.48</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.73%</td>
<td>$0.3236</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell to $100,260 by the evening after a surge to $103,465 in the morning hours. The leading cryptocurrency eventually rose above $101,000 as traders bought the dip.
Ethereum also gave up early advances, falling to a low of $3,044 after a move above $3,200 in the morning.
More than $300 million was liquidated from the cryptocurrency market over the last 24 hours, with $229 million in upside bets getting deleted.
Bitcoin's Open Interest slid by nearly 4% in the last 24 hours. A drop in spot price, coinciding with a drop in OI, suggested liquidation of longs.
Interestingly, 60% of Binance&#8217;s top traders were still long Bitcoin, indicating a potential rebound in the coming days.
The market sentiment remained in the "Greed" zone, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Movement (MOVE)</td>
<td>+7.11%</td>
<td>$0.78</td>
</tr>
<tr>
<td>KuCoin Token (KCS)</td>
<td>+6.40%</td>
<td>$13.70</td>
</tr>
<tr>
<td>Uniswap (UNI)</td>
<td>+3.60%</td>
<td>$11.32</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.44 trillion, contracting 1.49% in the last 24 hours.
Stocks rebounded on Tuesday, recouping losses from Monday&#8217;s <a href="https://www.benzinga.com/25/01/43285369/asml-lam-research-and-kla-lead-semicap-growth-as-ai-and-tech-upgrades-drive-105-billion-market-outlook">DeepSeek-fueled decline</a>. The Nasdaq Composite lifted 2.03% to end at 19,733.59. The S&amp;P 500 rose 0.92%, closing at 6,067.70. The Dow Jones Industrial Average added 136.77 points, or 0.31%, to close at 44,850.35.
AI behemoth Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied 8.93%, a day after recording <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43244872/tech-stocks-tumble-on-ai-nightmare-nvidia-eyes-worst-day-since-march-2020-bitcoin-drops-below-100000-whats-driving-markets-monday">its worst single-day loss</a> in history.
Investors will turn their attention to the Federal Reserve meeting on Wednesday, with a consensus that the central bank will keep its current target rate of 425–450 bps unchanged, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez spotted a sell signal on Bitcoin's hourly chart, using the TD Sequential indicator.
"Bitcoin could retest recent lows around $99,000. A rebound may follow, supported by a dovish outlook from the Fed tomorrow," Martinez predicted.
The TD Sequential indicator is a technical analysis tool that identifies potential trend exhaustion points and price reversals.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator presents a sell signal on the hourly chart, suggesting <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could retest recent lows around $99,000. A rebound may follow, supported by a dovish outlook from the Fed tomorrow. <a href="https://t.co/mNAbJG6rft">pic.twitter.com/mNAbJG6rft</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1884338408044233179?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Blockchain analytics firm CryptoQuant noted a significant rise in market share of&nbsp; Bitcoin holdings by U.S. entities, including exchanges, banks, and funds, suggesting that the bull market was far from over.
<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 bull market is not over yet "The percentage of Bitcoin holdings by U.S. entities continues to rise relative to the percentage of holdings by non-U.S. entities." – By <a href="https://twitter.com/t0_god?ref_src=twsrc%5Etfw">@t0_god</a> Read more &#x1f447;<a href="https://t.co/ctM0Bw30EM">https://t.co/ctM0Bw30EM</a> <a href="https://t.co/3oz5Xa4r9I">pic.twitter.com/3oz5Xa4r9I</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1884261903805108297?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43270841/how-donald-trump-could-make-the-strategic-bitcoin-reserve-a-reality">How Donald Trump Could Make The Strategic Bitcoin Reserve A Reality</a></li>
</ul>

Movers

$BTC

$ETH

Bitcoin, Ethereum, Dogecoin Dip As Stocks Rebound: Top Trader Anticipates BTC's Fall To $99,000 But A 'Dovish' Fed Could Spark Recovery

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) planned $30,000 electric vehicle could disappoint investors if it fails to introduce a new compact form factor, according to prominent Tesla bull Gary Black, managing partner of The Future Fund LLC.
What Happened: Black warned on social media platform X that simply releasing a scaled-down version of existing Models 3 or Y could lead to significant cannibalization of Tesla&#8217;s current lineup. This could prompt Wall Street analysts to lower their 2025 delivery growth estimates, currently projected at 16% year-over-year.
&#8220;A Tesla&#8217;s new $30-$35K car may be a nothing burger if Tesla doesn't introduce a new form factor to extend TSLA's franchise into the compact category,&#8221; Black wrote. 
The caution comes ahead of Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">fourth-quarter earnings report </a>due Wednesday, where investors eagerly await details about the company&#8217;s new affordable EV expected to be unveiled in the first half of 2025.
&#8220;Much depends on whether the new $30K-$35K Tesla vehicle extends Tesla&#8217;s TAM to the compact category, which represents 15% of global volume,&#8221; Black wrote, highlighting the significance of targeting a new market segment rather than just offering cheaper variants of existing models.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Reposting from Sunday. We remain <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bulls but there is a risk <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> ‘s new $30-$35K car may be a nothing burger if TSLA doesn't introduce a new form factor to extend TSLA's franchise into the compact category, which they have targeted for 1H. If TSLA just introduces a new… <a href="https://t.co/lGTgfzzVvx">https://t.co/lGTgfzzVvx</a> <a href="https://t.co/7jGnedEijz">pic.twitter.com/7jGnedEijz</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1884389518888878167?ref_src=twsrc%5Etfw">January 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/government/regulations/25/01/43292056/judge-blocks-trumps-order-to-freeze-federal-grant-money">Judge Blocks Trump&#8217;s Order To Freeze Federal Grant Money</a>
Tesla faces mounting pressure after recording its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">first annual delivery decline</a> in 2024, with 1.79 million vehicles delivered compared to 1.81 million in 2023. Morgan Stanley analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43259982/tesla-earnings-delivery-outlook-model-y-ramp-up-optimus-bot-in-focus-say-analysts">expect 2025 delivery growth</a> between 10% and 20%, below Tesla CEO Elon Musk&#8216;s guidance of 20-30%.
The earnings call may also <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43259982/tesla-earnings-delivery-outlook-model-y-ramp-up-optimus-bot-in-focus-say-analysts">address crucial topics</a> including the Model Y refresh ramp-up, progress in Full Self-Driving capability, and potential impacts of changes to federal EV tax credits. Goldman Sachs analyst Mark Delaney maintains a neutral rating with a $345 price target, emphasizing the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43246903/tesla-analysts-top-5-items-to-watch-in-q4-earnings-will-refreshed-model-y-new-evs-help-growth">importance of production speed</a> for the refreshed Model Y.
Bank of America recently downgraded Tesla to Neutral despite raising its price target to $490, suggesting the stock&#8217;s recent rally has captured much of its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42856115/tesla-analyst-on-high-stakes-future-optimus-robotaxi-fsd-have-potential-but-execution-risks-loom">long-term potentia</a>l. The firm values Tesla&#8217;s future robotaxi segment at potentially $420 billion in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">U.S. market alone</a>.
Price Action: Tesla&#8217;s closed at $398.10 on Tuesday, gaining 0.24% for the day. In after-hours trading, the stock dipped 0.36%. Over the past year, Tesla&#8217;s stock has surged 108.51%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43291535/magnificent-7-earnings-ahead-3-etfs-to-ride-the-wave">Magnificent 7 Earnings Ahead: 3 ETFs To Ride The Wave</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's $30K EV Risks Being A 'Nothing Burger,' Says Gary Black—Warns Of Cannibalization Without A New Compact Design

The stock market experienced a notable rebound today, with tech stocks leading the charge after a challenging start to the week. The Nasdaq 100 index rose by 2%, recovering from a decline the previous day. The index ended the day at 19,733.59. This recovery was driven by investor interest in buying the dip, particularly in technology shares.
Meanwhile, the S&amp;P 500 and Dow rose by 0.9% and 0.3% respectively. The S&amp;P 500 ended Tuesday at 6,067.70 and the Dow at 44,850.35.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock surged by 6.71%, closing at $96.03. The stock reached an intraday high of $96.43 and a low of $89.90, with a 52-week range between $68.36 and $117.82. The company&#8217;s cloud division unveiled a <a href="https://www.benzinga.com/markets/emerging-markets/25/01/43260751/not-just-deepseek-alibaba-unveils-ai-model-to-rival-openais-operator">new AI model</a>, Qwen2.5-VL, which can interpret files and videos, challenging OpenAI&#8217;s Operator. This development has sparked interest in Alibaba&#8217;s technological advancements.
Starbucks Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)
Starbucks saw a modest increase of 0.37%, closing at $100.39. The stock&#8217;s intraday high was $100.68, with a low of $98.59, and it has traded between $71.55 and $102.56 over the past year. The coffee giant reported first-quarter earnings that exceeded expectations, with revenue of $9.4 billion and earnings per share of 69 cents. The company&#8217;s&nbsp;<a href="https://www.benzinga.com/general/restaurants/25/01/43288533/starbucks-q1-earnings-revenue-beat-eps-beat-memberships-up-1-positive-response-to-turnaround-efforts">turnaround efforts</a>&nbsp;have been positively received, despite a decline in comparable store sales.
JetBlue Airways Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>)
JetBlue&#8217;s stock plummeted by 25.71%, ending the day at $6.01. The stock hit an intraday high of $6.98 and a low of $5.75, with a 52-week range of $4.50 to $8.31. The airline reported a smaller-than-expected loss for the fourth quarter, with an adjusted loss per share of 21 cents. Despite a decline in capacity, JetBlue anticipates a <a href="https://www.benzinga.com/news/earnings/25/01/43264512/jetblue-airways-q4-earning-smaller-than-expected-loss-sees-q1-capacity-decline-positive-operating-margin-in-2025">positive operating margin</a> in 2025.
Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)
Lockheed Martin&#8217;s shares dropped by 9.17%, closing at $457.45. The stock&#8217;s intraday high was $479.73, with a low of $457.27, and it has traded between $413.92 and $618.95 over the past year. The defense contractor reported <a href="https://www.benzinga.com/news/earnings/25/01/43271143/lockheed-martin-q4-earnings-sales-miss-margin-squeeze-but-backlog-boosts-2025-prospects">mixed fourth-quarter results</a>, with a decline in net sales and a significant contraction in gross margin. However, the company&#8217;s backlog boosts prospects for 2025.
Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock edged up by 0.24%, closing at $398.1. The stock reached an intraday high of $400.59 and a low of $386.50, with a 52-week range between $138.80 and $488.54. The electric vehicle maker is set to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">report its fourth-quarter earnings</a>, with a focus on delivery growth and advancements in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43289930/tesla-q4-earnings-preview-2025-delivery-growth-fsd-model-y-refresh-new-vehicles-among-key-topics">autonomous technology</a>. Analysts expect revenue to rise compared to the previous year.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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</ul>
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>

JBLU

SBUX

Alibaba, Starbucks, Jetblue, Lockheed Martin, Tesla: Why These 5 Stocks Are On Investors' Radars Today

BCTX

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

BCTXW

ENVB

The Federal Reserve raised interest rates four times last year, stoking billions of dollars of inflows to short and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12931695/investors-piled-into-bond-etfs-last-year">ultra-short duration bonds</a> and the related exchange traded funds.

At least one new ETF is looking to tap into investors&#39; affinity for low duration fixed income exposure.

<h3>What Happened</h3>

The First Trust Low Duration Strategic Focus ETF (NASDAQ:<a class="ticker" href="/stock/LDSF#NASDAQ">LDSF</a>) debuted on Friday, marking the launch of 2019&#39;s first new ETF. The latest fixed income ETF from Illinois-based First Trust is actively managed and uses the increasingly prominent <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">ETF of ETFs strategy</a>.

LDSF &ldquo;seeks to generate current income, with a secondary objective of preservation of capital,&rdquo; <a href="https://www.businesswire.com/news/home/20190104005302/en/Trust-Launches-Trust-Duration-Strategic-Focus-ETF">according to a First Trust statement</a>. &ldquo;The fund seeks to achieve these objectives by allocating primarily among First Trust ETFs, but may also include other ETFs representing various asset classes, aimed at providing diversification benefits and less interest rate sensitivity when compared to traditional core fixed income benchmarks over time.&rdquo;

<h3>Why It&#39;s Important</h3>

As an actively managed using the ETF of ETFs strategy, LDSF offers investors exposure to an array of fixed income segments, including but not limited to bank loans, emerging markets bonds, high-yield corporates and U.S. government debt.

While short-duration bonds were in style last year, bolstered by the Fed&#39;s four rate hikes, Fed fund futures currently price in expectations for zero interest rate increases this year. If the Fed slows its pace of rate hikes or stops altogether, bond investors could be compelled to take on more interest rate risk in search of additional income.

LDSF uses credit analysis and disciplined portfolio construction to identify compelling fixed income opportunities.

The new ETF&#39;s holdings currently include the First Trust Low Duration Opportunities ETF (NASDAQ:<a class="ticker" href="/stock/LMBS#NASDAQ">LMBS</a>), First Trust Senior Loan Fund (NASDAQ:<a class="ticker" href="/stock/FTSL#NASDAQ">FTSL</a>) and the First Trust Enhanced Short Maturity ETF (NASDAQ:<a class="ticker" href="/stock/FTSM#NASDAQ">FTSM</a>). Those three First Trust ETFs combine for over 87 percent of <a href="https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=LDSF">LDSF&#39;s roster</a>.

LDSF aims to have a portfolio duration of three years or less. The new ETF charges 0.86 percent per year, or $86 on a $10,000 investment.

Related Links:

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">A New ETF Of ETFs</a>

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12931695/investors-piled-into-bond-etfs-last-year">Investors Love These Bond ETFs</a>

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First Trust Low Duration Opportunities ETF

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Monday, January 07, 2019

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