Latest news for MediaTek (OTC:MDTTF) Stock

Founded in 1997, MediaTek is a fabless semiconductor designer focusing on solutions for smartphones, digital televisions, and connectivity products. The business is divided into three segments. The first is "mobile," which accounts for around half of sales, where MediaTek is the second-largest third-party supplier of smartphone SoCs to the likes of Xiaomi and Vivo. The second is "smart edge," which accounts for just over 40% of sales, that covers most devices other than smartphones. The third is "power IC" that includes power management products for mobile devices, data centers, connectivity devices and more. Mediatek is headquartered in Hsinchu, Taiwan and employs almost 22,000 people.

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Tech

ASML

MDTTF

NVDA

TSMC, the world&#39;s leading producer of advanced processors, saw its shares fall by over 1% on Wednesday morning. TSMC is responsible for manufacturing chips for companies like Nvidia and Apple. ASML, a Dutch semiconductor equipment manufacturer, experienced a 2.09% drop in its Nasdaq-listed shares on Tuesday

TSMC, ASML And Other Chip Stocks Slide As Market Anticipates Nvidia&#39;s Earnings Report Impact

MediaTek Inc

Needham analyst John Todaro reiterates Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy and maintains $260 price target.

Price Target

Reiteration

Analyst Ratings

COIN

Needham Reiterates Buy on Coinbase Glb, Maintains $260 Price Target

Baird analyst Mike Polark maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Outperform and raises the price target from $487 to $503.

ISRG

Baird Maintains Outperform on Intuitive Surgical, Raises Price Target to $503

Upon JJ&rsquo;s arrival, John Barresi, the Company&rsquo;s Interim Chief Financial Officer, will resume his role as SVP, Controller.
Also, Aimee Lenar joined the company on July 15, 2024 as Executive Vice President, US Pharma.&nbsp;

Management

Bausch Health Companies Says Jean-Jacques Charhon Will Join Company As CFO On August 19, 2024 - Filing

Needham analyst Joshua Reilly reiterates Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) with a Buy and maintains $40 price target.

Needham Reiterates Buy on Clear Secure, Maintains $40 Price Target

The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions.&nbsp;
The gross proceeds to Plug Power from the offering, before deducting the underwriting discount and other offering expenses payable by Plug Power, are expected to be approximately&nbsp;$200 million.
Plug Power intends to use the net proceeds from the offering for general corporate purposes.

Offerings

PLUG

Plug Power Reports Pricing Of Its Previously Announced Public Offering Of 78.74M Shares At $2.54 Per Share

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Lisata Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTA#NASDAQ">LSTA</a>) with a Buy and maintains $15 price target.

LSTA

HC Wainwright & Co. Reiterates Buy on Lisata Therapeutics, Maintains $15 Price Target

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>) <a href="https://www.benzinga.com/topic/autonomous-vehicles" target="_blank" rel="noreferrer noopener">autonomous ride hailing service</a> Waymo is gathering its efforts to secure access for its robotaxis at San Francisco International Airport (SFO).
The company aims to start pickups and drop-offs at the airport, according to emails reviewed by <a target="_blank" href="https://techcrunch.com/2024/07/18/waymo-wants-to-bring-robotaxis-to-sfo-emails-show/" rel="noreferrer noopener">TechCrunch</a>.
While Waymo already<a target="_blank" href="https://www.benzinga.com/news/24/06/39494723/waymo-autonomous-rides-now-available-to-everyone-in-san-francisco-heres-how-you-can-enjoy-driverless" rel="noreferrer noopener"> holds permits to operate its robotaxi service</a> in San Francisco, parts of the Peninsula, and on highways leading to the airport, SFO access requires separate approval from the San Francisco Airport Commission.
Permits for airport access are granted at SFO&#8217;s discretion. According to SFO spokesperson Doug Yakel, the process for Waymo may be as complex as it was for Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) over a decade ago, the report mentioned.
&#8220;Given that this is a new mode of transportation, we would need to create a new permit structure, similar to what we did 10 years ago for companies like Uber and Lyft,&#8221; Yakel wrote in response to questions, per the report.&nbsp;
Despite a failed attempt in 2023 to map the airport, Waymo is committed to navigating the lengthy approval process.
Communications between Waymo executives, SFO officials, and Mayor London Breed&#8217;s office since March 2024 highlight ongoing discussions and meeting arrangements.
In an email to SFO General Manager Ivar Satero, Waymo&#8217;s Chief Product Officer Saswat Panigrahi emphasized the company&#8217;s expertise in San Francisco and at Phoenix Sky Harbor Airport.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39845906/whats-going-on-with-googles-parent-alphabet-stock-on-thursday" rel="noreferrer noopener">Italy Investigates Google&#8217;s Consent Methods For Linking User Data</a>
Panigrahi expressed Waymo riders&#8217; demand for service to SFO and the company&#8217;s willingness to partner with airport leaders.
The report further noted a Waymo spokesperson who confirmed preliminary talks with SFO to start noncommercial mapping with a human driver at the airport. The company plans to follow a phased approach similar to its partnership with Phoenix Sky Harbor Airport.
The first procedural step involves digital mapping of SFO&#8217;s roadways, a permit for which was postponed in 2023 by Abubakar Azam, SFO&#8217;s director of landside operations.
Autonomous vehicles, though promising, have a long way to go as a series of crash incidents question their credibility.
In February, Waymo issued a voluntary recall for its autonomous vehicle software following two incidents in Phoenix on Dec. 11, 2023, where two Waymo robotaxis crashed into the same towed pickup<a target="_blank" href="https://www.benzinga.com/news/24/02/37117493/a-first-in-autonomous-vehicle-history-googles-waymo-retracts-self-driving-software-after-phoenix-cra" rel="noreferrer noopener"> truck within minutes of each other</a>.
In early June Waymo recalled 672 of its self-driving vehicles after identifying their inability to<a target="_blank" href="https://www.benzinga.com/news/24/04/38351567/feel-sorry-for-the-bots-tesla-ceo-elon-musk-reacts-to-waymo-robotaxi-vandalism-in-san-francisco" rel="noreferrer noopener"> avoid a pole or pole-like objects.</a>
However, Waymo&nbsp;released a safety report in June pegging its autonomous driving technology as better than that of a human <a target="_blank" href="https://www.benzinga.com/news/24/06/39394686/alphabet-unit-waymo-claims-lower-crash-rate-despite-regulator-probes-into-risky-driving-behavior-thi" rel="noreferrer noopener">driver, resulting&nbsp;in fewer crashes</a>.
The California Public Utilities Commission granted Waymo autonomous operations approval for San Mateo County in March 2024. However, SFO officials want to see Waymo safely serving surrounding communities before approving airport activities.
Price Action: GOOGL shares are trading higher by 0.67% at $178.88 in premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39846121/chatgpt-parent-openai-unveils-gpt-4o-mini-a-cost-effective-ai-model-for-developers" target="_blank" rel="noreferrer noopener">ChatGPT Parent OpenAI Unveils GPT-4o Mini &#8211; A Cost-Effective AI Model For Developers</a></li>
</ul>

Media

General

GOOG

GOOGL

LYFT

UBER

Waymo Pushes for Robotaxi Access At San Francisco Airport

HC Wainwright &amp; Co. analyst Andrew Fein maintains Vigil Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ">VIGL</a>) with a Buy and lowers the price target from $24 to $17.

VIGL

HC Wainwright & Co. Maintains Buy on Vigil Neuroscience, Lowers Price Target to $17

AUGX

Augmedix To Be Acquired By Commure In An All-cash Transaction That Values Company At Approximately $139M In Equity Value

Noted tech analyst and Tesla Inc. bull Gene Munster reassured investors amid a tech stock rotation.
What Happened: During CNBC&#8217;s &#8220;Squawk Box&#8221; on Thursday, Munster highlighted that the market pullback in recent times is much better than the pullback during the dot-com bust era.
&#8220;It is normal when the market is so strong for investors to get near-term nervous about some events, yesterday be it commentary from Trump and Biden around regulation and treatment of Taiwan,&#8221; Munster said.
&#8220;But at the end of the day, the fundamentals are going to power AI. They are much more powerful than politics and I&#8217;m still very bullish that we are in a three to five-year bull market.&#8221;
Munster also pointed out that private AI software companies such as OpenAI and Elon Musk&#8216;s&nbsp;xAI&nbsp;will be the &#8220;apple&#8221; for public investors to &#8220;get a shot at&#8221; after they become publicly listed in a couple of years.
<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 rotation out of tech has some investors sweating. But <a href="https://twitter.com/munster_gene?ref_src=twsrc%5Etfw">@Munster_Gene</a> reminds us pullbacks aren&#39;t uncommon: &quot;It is normal when the market is so strong for investors to get near-term nervous about some events.&quot; <a href="https://t.co/HE2pg17764">pic.twitter.com/HE2pg17764</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1813963433160659133?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/39826578/discover-xboxs-deadpool-inspired-cheeky-controller-and-how-to-get-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Discover Xbox&#8217;s Deadpool-Inspired &#8216;Cheeky Controller&#8217; And How To Get It</a>
Why It Matters: Munster&#8217;s comes at a time when the tech-heavy<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-"> Nasdaq 100 suffered</a> its worst day in nearly a year. The index tumbled by 2.7% following news of the Biden administration hastening export restrictions to China, causing a broad selloff in the semiconductor industry.
Despite the recent downturn, the U.S. stock market has seen a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39825881/5-tech-stocks-set-to-gain-from-us-chip-crackdown-on-china-jpmorgan">surge in recent months</a>, largely attributed to the excitement surrounding AI. This rally has led to comparisons with the dot-com bubble of the late 1990s, raising concerns about potential overvaluation. 
While the current market situation has stirred significant concern among investors, some analysts see potential benefits for select tech stocks. Amid the geopolitical tensions and potential for higher tariffs, certain companies are strategically positioned to benefit from the changing landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39830846/microsoft-outpaces-apple-introduces-designer-ai-image-generation-tool-for-the-iphone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft Outpaces Apple, Introduces &#8216;Designer&#8217; AI Image Generation Tool For The iPhone</a></li>
</ul>
 Image via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Analyst Color

Top Analyst Remains 'Very Bullish' About '3 To 5 Year Bull Market' Despite Tech-Induced Market Pullbacks

TLRY

Tilray Brands Says Unit SweetWater Brewing Launches New Rowdy Peach IPA In Collaboration With Atlanta United FC

HC Wainwright &amp; Co. analyst Andrew Fein maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Buy and raises the price target from $462 to $500.

VRTX

HC Wainwright & Co. Maintains Buy on Vertex Pharmaceuticals, Raises Price Target to $500

Guidance

American Express Raises Full-Year EPS Guidance From $12.65-$13.15 To $13.30-$13.80 vs $12.97 Est.

Insider Trades

SERV

Nvidia On Thursday Disclosed A Stake of 62,500( Shares At Avg Price of $4/Share

General Motors Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) <a href="https://www.benzinga.com/news/24/04/38426856/gm-unveils-plans-for-autonomous-driving-unit-cruise-relaunch-after-hiatus-expects-1-7b-in-expenses" target="_blank" rel="noreferrer noopener">autonomous driving unit</a> Cruise is attempting to better interactions with emergency responders with the formation of a new&nbsp;Cruise Emergency Responder Advisory Council following the involvement of one of its autonomous vehicles in an accident last year.
What Happened: Cruise announced on Thursday that it is introducing the Cruise Emergency Responder Advisory Council, a group dedicated to enhancing collaboration with public safety professionals.
The council includes the International Association of Fire Chiefs, the National Association of Women Law Enforcement Executives, the National Organization of Black Law Enforcement Executives, the National Sheriffs' Association, OnStar, and the Texas Police Chiefs Association.
These experts in the field of road safety will engage directly with Cruise&#8217;s internal teams including engineering, safety, operations, and more to help better the company&#8217;s autonomous vehicle product development, and incident and safety processes, the company said. 
&#8220;Given their expertise, they have meaningful feedback on how autonomous vehicle companies, including Cruise, can improve our operations and interactions with emergency responders in the field. Cruise shares their mission to make roads and communities safer, and know we can and must take their experiences into account as we resume operations,&#8221; Cruise said in a statement
Why It Matters: GM&#8217;s autonomous driving unit&nbsp;Cruise&nbsp;suspended operations in the U.S. late last year following the involvement of one of its robotaxis in an&nbsp;<a href="https://www.benzinga.com/news/23/10/35052444/self-driving-cruise-car-accident-leaves-pedestrian-trapped-and-injured-in-san-francisco" target="_blank" rel="noreferrer noopener">accident in San Francisco</a>. The company&nbsp;<a href="https://www.benzinga.com/news/24/04/38155753/cruise-back-on-phoenix-roads-soon-gms-self-driving-unit-reportedly-gears-up-to-resume-robotaxi-testi" target="_blank" rel="noreferrer noopener">resumed manual driving in the city of Phoenix</a>&nbsp;to gather road information in April and in Houston and Dallas, Texas in June. 
Cruise accrued expenses of $400 million in the first quarter as compared to the $800 million in the quarter before. The company said in April that it expects the unit&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/01/36862459/told-them-so-elon-musk-mocks-big-ticket-investor-who-chose-cruise-over-tesla-after-gms-self-driving" target="_blank" rel="noreferrer noopener">full-year expenses&nbsp;</a>to be around $1.7 billion.
In June, GM&#8217;s CFO&nbsp;Paul Jacobson&nbsp;said at Deutsche Bank&#8217;s Global Auto Industry Conference in New York City that the company is investing&nbsp;<a href="https://www.benzinga.com/markets/equities/24/06/39286236/robotaxi-focused-elon-musk-says-gm-not-making-the-right-moves-with-850m-investment-in-self-drivi" target="_blank" rel="noreferrer noopener">$850 million to cover</a>&nbsp;operating costs at Cruise. The company is also reportedly scouting for external financing from investors to beef up the unit&#8217;s financial position.
The company also <a href="https://www.benzinga.com/news/24/06/39500635/gm-appoints-marc-whitten-as-new-cruise-ceo-gears-up-for-robotaxi-resumption-amid-tesla-challenge">appointed</a> Marc Whitten&nbsp;as its new Chief Executive Officer (CEO) late last month, replacing Cruise co-founder&nbsp;Kyle Vogt who&nbsp;<a href="https://www.benzinga.com/news/23/11/35866639/cruise-ceo-kyle-vogt-resigns-amid-safety-concerns-and-suspension-of-operations-at-gm-self-driving-ar" target="_blank" rel="noreferrer noopener">left his CEO position last year</a> following the safety incident. 
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 More:
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<li><a href="https://www.benzinga.com/news/24/07/39854420/tesla-hikes-prices-by-2-000-on-model-s-x-variants-in-the-us-here-are-the-new-prices">Tesla Hikes Prices By $2,000 On Model S, X Variants In The US: Here Are The New Prices</a></li>
</ul>
Photo via Shutterstock

GM's Cruise Attempts To Build Better Relations With Emergency Responders After Its AV's Involvement In An Accident Last Year

WIIM

American Express shares are trading higher after the company raised its full-year EPS guidance.

American Express Raises Guidance

On Thursday, July 18, U.S. stock markets closed lower, reversing early gains as investors moved away from high-priced megacap growth stocks amid second-quarter earnings season. All major indexes dropped, with the Dow breaking its streak of record highs.
S&amp;P 500 sectors closed mostly negative, with healthcare, consumer discretionary, and financials suffering the largest losses. Energy stocks, however, closed higher.
According to economic data, U.S. initial jobless claims rose by 10,000 to 243,000 for the week ending July 13, exceeding estimates of 230,000. The Philadelphia Fed Manufacturing Index increased to 13.9 in July, up from 1.3 in June, marking a three-month high.
The Dow Jones Industrial Average was down 1.29% and closed at 40,665.02. The S&amp;P 500 declined 0.78%, ending the day at 5,544.59, while the Nasdaq Composite fell 0.70%, finishing the session at 17,871.22.
Pre-market Friday, CrowdStrike (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39855166/crowdstrike-shares-drop-13-microsoft-takes-a-hit-during-pre-market-after-major-outage-causes-glo" rel="noreferrer noopener">saw significant pre-market drops on Friday after a CrowdStrike update caused global Windows crashes</a>. CrowdStrike fell nearly 13%, while Microsoft dipped 1.97%. The outage disrupted critical services and grounded flights for several airlines. CrowdStrike is working on a fix.
Asian Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed lower by 0.7%, ending the session at 40,092.00, led by losses in the Precision Instruments, Electrical/Machinery, and Insurance sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.81%, ending the day at 7,971.60, led by losses in the Gold, Metals &amp; Mining and Materials sectors.</li>
<li>India&#8217;s Nifty 50 fell 1.11% to 24,800.85, and Nifty 500 was down 1.59%, closing at 22,840.80.</li>
<li>China&#8217;s Shanghai Composite was up 0.17%, ending the session at 2,982.31, and the Shenzhen CSI rose 0.51%, closing at 3,539.02.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session lower by 2.03% at 17,417.68.</li>
<li>Chinese stocks declined on Friday amid renewed U.S.-China trade war concerns and speculation over a potential second Trump presidency. Losses were partially offset by hopes for government stimulus as policy discussions continued at the Chinese Communist Party&#8217;s Third Plenum.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index declined 0.38%.</li>
<li>Germany&#8217;s DAX fell 0.68%.</li>
<li>France&#8217;s CAC was down 0.59%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.28%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.21% at $81.13/bbl, and Brent was down 0.04% at $85.08 bbl.</li>
<li>Natural Gas declined 1.36% to $2.096.</li>
<li>Gold was trading lower by 1.64% at $2,415.60, Silver fell 2.73% to $29.398, and Copper slid 0.31% to $4.2662.</li>
<li>Gold prices dropped sharply in Asian trade on Friday due to profit-taking and speculation over a potential Trump presidency favoring the dollar.</li>
</ul>
US Futures at 06:00 AM ET
<ul>
<li>Dow futures were down 0.24%, S&amp;P 500 futures slipped 0.14%, and Nasdaq 100 Futures fell 0.24%.</li>
</ul>
Forex at 06:00 AM ET
<ul>
<li>The U.S. Dollar Index increased 0.19% to 104.37, USD/JPY was up 0.08% at 157.50, and USD/AUD gained 0.23% to 1.4950.</li>
<li>The dollar strengthened on Friday amid global cyber disruptions impacting banks and airlines, causing investor unease. Despite contained volatility, the dollar index rose, reversing recent declines and showing a slight weekly gain.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

CRWD

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

MSFT

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Dollar Strengthens Amid Global Market Decline; Asia And Europe Markets Down, Gold Drops

American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) reported quarterly earnings of $3.49 per share which beat the analyst consensus estimate of $3.26 by 7.06 percent. The company reported quarterly sales of $16.330 billion which missed the analyst consensus estimate of $16.588 billion by 1.55 percent. This is a 8.48 percent increase over sales of $15.054 billion the same period last year.

Earnings Beats

Earnings Misses

American Express Q2 2024 Adj EPS $3.49 Beats $3.26 Estimate, Sales $16.330B Miss $16.588B Estimate

The cryptocurrency world found itself embroiled <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39678953/republicans-vow-to-support-bitcoin-and-crypto-in-2024-election-even-as-bettors-lower-odds-">in political controversy</a> this week following a series of inflammatory social media posts by Ryan Selkis, the founder and CEO of crypto data platform Messari.
What Happened: Known for his frequent clashes with figures such as SEC Chair Gary Gensler, Selkis&#8217; recent tirades following an assassination attempt on Donald Trump have drawn significant attention and concern, even prompting calls for restraint from his colleagues, <a href="https://www.coindesk.com/business/2024/07/18/after-civil-war-and-anti-immigrant-tweets-ryan-selkis-told-to-cool-it-by-his-crypto-startups-leadership/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">according</a> to Coindesk.
In a message posted on microblogging platform X on Thursday, Selkis reflected on a meeting with Messari&#8217;s leadership: &#8220;Just had a terrific &#8216;tough love&#8217; session with Messari leadership, and I can&#8217;t tell you how much I appreciate people who approach me in good faith and help rein me in because they know my vision and where my heart is. I ran too hot this week, and will address that in full soon.&#8221;
Selkis&#8217; intense reaction came in the wake of an assassination attempt on Trump, which saw him post inflammatory messages on X. 
His account, now set to private, still hosts posts visible to his approximately 354,000 followers. 
In a now-deleted tweet, he said, &#8220;Anyone that votes against Trump at this point can die in a f&#8211;king fire. Literal war.&#8221;
He continued to stoke division, stating, &#8220;The Civil War for the country started today, and if you are anti-Trump you are against the men who are willing to fight. Good luck.&#8221;
The following day, Selkis expressed a violent stance on self-defense, tweeting, &#8220;Bolshevism cannot be cured with votes. We must excise the metastatic cancer and evil of the left, by force if necessary. This is why the Second Amendment was and is so important. Do not initiate violence, but if it&#8217;s brought to your door, finish with violence.&#8221; 
He also likened the current political climate to pivotal moments in American history, saying, &#8220;Unfortunately, unity can sometimes only be achieved after a decisive victory. This is one of those moments. The previous three were in 1776, 1860, and 1942. Praying for peace. Preparing for war.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39845387/mark-cuban-trumps-re-election-wont-directly-impact-bitcoins-price">Mark Cuban: Trump&#8217;s Re-Election Won&#8217;t Directly Impact Bitcoin&#8217;s Price</a>
Selkis further echoed anti-immigration sentiments, questioning a user&#8217;s citizenship status and expressing hope that they would be sent back. 
His tweets included images of a bloodied Trump, juxtaposed with the famous photo of Obama and Biden during the killing of Osama bin Laden, captioned &#8220;Too true.&#8221; 
He also targeted Senator Elizabeth Warren (D-Mass.), insinuating a resemblance between her and Trump&#8217;s would-be assassin, Thomas Matthew Crooks.
His behavior has raised eyebrows, particularly given Messari&#8217;s significant backing from firms like Galaxy Digital and Brevan Howard.
The platform, valued at around $300 million, provides crucial data on digital assets and plays a significant role in the crypto industry.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Why It Matters: Selkis himself has become a notable figure in efforts to restore the industry&#8217;s influence in Washington after the downfall of Sam Bankman-Fried.
Earlier this year, Selkis appeared alongside Trump at an NFT event at Mar-a-Lago, underscoring his political alignment. 
Following his controversial posts, he tweeted again, maintaining his combative stance: &#8220;I sent tweets aggressively screaming from the rooftops about self-defense and taking the current political situation more seriously than the media does. You&#8217;ve been warned. I wish haters spent the same effort protecting kids, preventing war, and defending American values.&#8221; 
He added, &#8220;Everyone has a plan until they get punched in the face. I got knocked down from a punch I didn&#8217;t see coming. Good. Fewer tweets. More long form. More channeled rage, but same mindset: OFFENSE.&#8221;
Selkis&#8217; recent actions come at a crucial time for the crypto industry, which is grappling with regulatory challenges and striving to regain its foothold in political circles. 
As the industry navigates these turbulent times, events like Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> on Nov. 19 will be pivotal in shaping the conversation around the future of crypto and its regulatory landscape.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Ryan Selkis: The Pro-Trump Crypto CEO Ruffling Feathers On Social Media

MediaTek GAAP EPS of NT$16.15, revenue of NT$129.56M

MediaTek GAAP EPS of NT$16.15, revenue of NT$129.56B

MediaTek Inc. (MDTTF) Q4 2023 Earnings Call Transcript

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The stock prices of two major chip companies, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), have taken a hit ahead of the Q4 earnings report of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).



What Happened: TSMC, the world&#8217;s leading producer of advanced processors, saw its shares fall nearly 1% on Wednesday morning in Taiwan. TSMC is responsible for manufacturing chips for companies like Nvidia and Apple. ASML, a Dutch semiconductor equipment manufacturer, experienced a 2.09% drop in its Nasdaq-listed shares on Tuesday.



Other Taiwanese semiconductor companies, such as United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) and MediaTek Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTTF#OTC">MDTTF</a>), also faced declines of 1.52% and 0.10%, respectively, on Wednesday.



Nvidia is set to release its Q4 earnings after the U.S. market closes on Wednesday. The market is keen to hear from Nvidia CEO Jensen Huang about the sustainability of the company&#8217;s significant growth.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37203181/dogecoin-killer-shiba-inu-daily-transactions-surge-to-2-4m-shib-only-1-8-off-from-erasing-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Daily Transactions Surge To 2.4M, SHIB Only 1.8% Off From Erasing A Zero</a>



Nvidia&#8217;s shares have soared over 200% in the past year, driven by the surge in demand for its graphics processing units due to the AI boom.



Why It Matters: The upcoming earnings report from Nvidia could have significant implications for the stock market. A macro strategist at Academy Securities, Peter Tchir, warned that any disappointment in Nvidia&#8217;s earnings could <a href="https://www.benzinga.com/news/earnings/24/02/37229461/nvidias-earnings-could-trigger-a-10-stock-market-crash-warns-macro-strategist-im-wondering-whos-tur">result in a rapid 5% to 10% sell-off</a> in just a few days.



Despite the drop in Nvidia&#8217;s stock, CNBC&#8217;s Jim Cramer suggested that this could be an <a href="https://www.benzinga.com/news/earnings/24/02/37229119/jim-cramer-sees-nvidias-tuesday-stock-decline-as-potential-entry-point-for-new-investors-maybe-buy-">opportune moment for new investors</a> to enter the market. He advised, &#8220;I think you buy some if you don't own any,&#8221; and added, &#8220;Maybe buy some more tomorrow.&#8221;



Earlier in February, TSMC&#8217;s shares surged to an all-time high following a <a href="https://www.benzinga.com/markets/equities/24/02/37151354/key-apple-suppliers-stock-soars-to-all-time-high-fueled-by-ai-demand-and-nvidia-upgrade">significant price target increase</a> for Nvidia by Morgan Stanley. This move was attributed to the ongoing surge in demand for AI.



Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37205018/edward-snowden-says-if-he-ever-claims-to-be-bitcoin-creator-satoshi-nakamoto-its-either-hi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Edward Snowden Says If He Ever Claims To Be Bitcoin Creator Satoshi Nakamoto It&#8217;s Either Him Trolling Or A &#8216;Duress Code&#8217;</a>



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TSMC, ASML And Other Chip Stocks Slide As Market Anticipates Nvidia's Earnings Report Impact

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Wednesday, February 21, 2024