Latest news for Movie Studio (OTC:MVES) Stock

The Movie Studio Inc is a vertically integrated media and motion picture production and distribution company. The company is the premier full production movie studio in Miami, Florida area. It develops, manufactures and distributes independent motion picture content for the global audience on a multitude of devices. The company distributes its films through its subsidiary and network of theaters.

THE MOVIE STUDIO INC by The Movie Studio, Inc.

The Movie Studio Inc

Jeff Bezos&#8216; Blue Origin said on Monday that it is looking to launch its New Glenn rocket for the first time to orbit no earlier than Jan. 10, Friday.
What Happened: The rocket is slated to launch from Launch Complex 36 at Cape Canaveral Space Force Station, Florida. The three-hour launch window opens at 1 a.m. EST.
The key objective for the mission, the company said, is to reach orbit safely. The company is also looking to land the booster of the vehicle in the Atlantic Ocean after launch. The company said in a statement that the booster landing is &#8220;ambitious but we are going for it&#8221;
"This is our first flight and we've prepared rigorously for it," said Jarrett Jones, SVP, New Glenn. "But no amount of ground testing or mission simulations is a replacement for flying this rocket. It's time to fly. No matter what happens, we'll learn, refine, and apply that knowledge to our next launch."
Why It Matters:&nbsp;The Federal Aviation Administration (FAA) authorized the first launch of Blue Origin's&nbsp;<a href="https://www.benzinga.com/news/24/09/40868010/jeff-bezos-blue-origin-names-new-glenn-1s-first-booster-so-youre-telling-me-theres-a-chance-heres-wh" target="_blank" rel="noreferrer noopener">New Glenn vehicle</a>&nbsp;in late December. The commercial space launch license, <a href="https://www.benzinga.com/24/12/42712726/jeff-bezos-blue-origin-gets-license-from-faa-for-new-glenn-maiden-launch">valid for five years</a>, allows Blue Origin to conduct orbital missions from the Cape Canaveral Space Force Station in Florida with the New Glenn.
New Glenn is a reusable heavy-lift rocket named after&nbsp;John Glenn, the first American to orbit Earth. The development of the vehicle, expected to compete with SpaceX's Falcon launch vehicle, has been delayed for years.
New Glenn, unlike Blue Origin's New Shepard vehicle, can reach the Earth's orbit and beyond.&nbsp;<a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch" target="_blank" rel="noreferrer noopener">New Shepard</a>, meanwhile, can only reach the edge of space.
New Glenn's first launch will mark the rocket&#8217;s first National Security Space Launch certification flight. It will carry the company&#8217;s Blue Ring Pathfinder – developed by&nbsp;<a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch" target="_blank" rel="noreferrer noopener">Blue Origin&#8217;s</a>&nbsp;In-Space Systems business unit – as a payload.
SpaceX Eyes Next Starship Test Flight on Jan.10: SpaceX, meanwhile, is looking to launch its ambitious Starship launch vehicle on its seventh test flight <a href="https://www.benzinga.com/25/01/42801847/spacex-to-deploy-model-starlink-satellites-on-upcoming-starship-flight-test">on Friday as well</a>. Starship will launch from Starbase in Texas carrying 10 Starlink simulators which are similar in size and weight to the company&#8217;s next-generation Starlink satellites. 
For the upcoming flight, SpaceX is looking to catch the vehicle's booster back at the launch pad at Starbase with the launch tower's metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.
The Starship is still in&nbsp;development and undergoing testing. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of the Starship</a>, Musk dreams of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard the&nbsp;vehicle.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42836673/toyotas-next-gen-vehicles-to-use-nvidia-supercomputer-operating-system">Nvidia Supercomputer, Operating System To Power Toyota&#8217;s Next-Gen Vehicles</a></li>
</ul>
Photo courtesy: Blue Origin

News

SPACE

Tech

Jeff Bezos Vs Elon Musk: Blue Origin Looks To Fly New Glenn For First Time On Same Day As Starship's 7th Test Flight

The U.S. Department of Defense, on Monday, added several Chinese firms, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supplier Contemporary Amperex Technology Co. Limited (CATL), Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), to its list of companies allegedly supporting Beijing's military efforts, causing a sharp decline in their stock values.
What Happened: The U.S. Department of Defense expanded its &#8220;Section 1260H list&#8221; to include Tencent Holdings and CATL, citing their alleged contributions to China&#8217;s military advancements. This move serves as a warning to U.S. entities regarding the potential risks of engaging with these firms.
Following the announcement, Tencent&#8217;s shares dropped by 7.8% in Hong Kong, while CATL&#8217;s stock saw a 6% decline in Shenzhen. Both companies denied any involvement with China&#8217;s military and expressed their intent to cooperate with U.S. authorities to rectify the situation.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39036025/second-trump-term-could-lead-to-confrontational-relationship-between-china-us-says-expert-likely-exp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Second Trump Term Could Lead To ‘Confrontational Relationship' Between China, US, Says Expert: ‘Likely Experience A New Round Of Large-Scale Decline&#8217;</a>
Why It Matters: The U.S. blacklisting of Tencent and CATL comes amid heightened trade tensions, with both nations targeting each other's key industries. On Thursday, China's Ministry of Commerce <a href="https://www.benzinga.com/government/24/05/39057312/chinese-firms-blacklisted-in-us-rebrand-themselves-as-american-to-avoid-sanctions-imposed-by-biden-a">imposed new trade controls</a>, adding 28 U.S. companies to an export control list and banning the export of dual-use items that serve both military and civilian purposes. Major U.S. defense contractors, including Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), were also placed on China's Unreliable Entity List, prohibiting their operations in China and restricting executives from entering the country.
This back-and-forth escalation highlights the growing challenges faced by global businesses navigating geopolitical uncertainties. Experts, like Andrew Gilholm of Control Risks, note that while many sanctions are symbolic, the expanding scope and frequency of these actions signal a more aggressive stance from both nations. Additionally, Chinese firms are responding to U.S. restrictions by <a href="https://www.benzinga.com/government/24/05/39057312/chinese-firms-blacklisted-in-us-rebrand-themselves-as-american-to-avoid-sanctions-imposed-by-biden-a">rebranding and establishing</a> U.S.-based entities to sidestep sanctions, further complicating regulatory landscapes.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/05/39026454/senior-us-lawmaker-confirms-taiwans-ordered-weapons-are-on-their-way-as-china-escalates-military-ten?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Senior US Lawmaker Confirms Taiwan's Ordered Weapons Are On Their Way As China Escalates Military Tension</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors
Image by katjen via Shutterstock

Global

General

TCEHY

TSLA

US Adds Tencent, Tesla Supplier CATL To 'Chinese Military' Blacklist, Shares Tumble

Amazon.com Inc.&#8217;s Ring (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has expanded its home security portfolio with the launch of smart smoke and carbon monoxide alarms.
What Happened: Amazon's Ring is partnering with fire safety product maker Kidde to launch two new products: the Kidde Smart Smoke Alarm with Ring and the Kidde Smart Smoke and CO Alarm with Ring.
These devices seamlessly integrate with Ring's home security ecosystem, allowing users to receive real-time alerts through the Ring mobile app, the company announced at CES 2025 on Monday.
See Also: <a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand And Nvidia Partnership</a>
The Kidde Smart Smoke Alarm with Ring is priced at $54.97, while the Smart Smoke and CO Alarm with Ring costs $74.97. Both are set to ship in April 2025.&nbsp;
Ring is also introducing a subscription service for $5 per month which offers access to professional monitoring and emergency dispatchers.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Ring, acquired by Amazon in 2018 for $1 billion, is best known for its video doorbells and has since expanded to include a diverse lineup of security products.
The company, under CEO Liz Hamren, reported profitability for the first time in 2023.
Amazon&#8217;s move into fire safety comes as the smart home security space heats up, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly preparing to <a href="https://www.benzinga.com/24/12/42666738/how-apples-upcoming-smart-doorbell-compares-to-amazons-ring">enter the smart doorbell market</a>.
Apple's upcoming device is rumored to feature Face ID for facial recognition, setting it apart from Amazon&#8217;s Ring, which relies on motion detection and recording.
According to Vantage Market Research, the global smart home market, valued at $75.36 billion in 2020, is projected to surpass $423.95 billion by 2028, with a compound annual growth rate (CAGR) of 24.10% anticipated between 2022 and 2028.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.&nbsp;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42803280/consumer-tech-news-dec-30-jan-3-apple-stops-selling-iphone-14-iphone-14-plus-iphone-se-trump-seeks-a-political-resolution-of-tiktok-ban-more">Consumer Tech News (Dec 30-Jan 3): Apple Stops Selling iPhone 14, iPhone 14 Plus, iPhone SE, Trump Seeks A ‘Political Resolution' Of TikTok Ban &amp; More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Ring

Media

AAPL

AMZN

Amazon's Ring Introduces Smart Smoke Alarms At CES 2025 Starting At $55

Financing

Payments Platform Paysafe Receives Payment Institution (PI) License To Launch Regulated Online Sports-Betting Market In Brazil

Pro-Bitcoin (CRYPO: BTC) Canadian politician Pierre Poilievre became the favorite of Polymarket bettors to become the country's next prime minister after the federal elections following Justin Trudeau's resignation on Monday.
What happened: The odds in favor of Poilievre, the head of the Conservative Party of Canada, <a href="https://polymarket.com/event/next-prime-minster-of-canada?tid=1736209959811">jumped </a>to 88% on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based decentralized prediction platform. Conversely, the probability of Trudeau returning to power dipped below 1% as of this writing.
About $467,645 has been wagered on the outcome, with bets linked to Poilievre amounting to $278, 387.&nbsp;
The next Canadian federal election will take place on or before Oct. 20 to elect members of the House.
Poilievre had an even <a href="https://kalshi.com/markets/kxcanadapm/canada-pm">stronger chance</a> on Kalshi, a federally regulated betting platform, with 95% odds in favor at the time of writing.&nbsp;
Note that Polymarket is not available to<a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan"> U.S. residents </a>due to regulatory hurdles.
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/25/01/42835979/ethereum-co-founder-vitalik-buterin-offloads-nearly-a-million-in-memecoins-to-benefit-charitiesdogecoins-sister-coin-neiro-plunges-3-after-sale">Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin&#8217;s Sister Coin NEIRO Plunges 3% After Sale</a>
Why It Matters: Poilievre has been a proponent of cryptocurrencies such as Bitcoin, calling Canadians to <a href="https://www.benzinga.com/markets/cryptocurrency/22/09/28869060/canadians-cant-opt-out-of-inflation-with-bitcoin-prime-minster-justin-trudeau-lashes-out-a">invest in the sector</a> to avoid inflation.
The Conservative Party leader also desired to make Canada the "blockchain capital of the world."
However, Trudeau, belonging to the Liberal Party, has slammed these views, warning that anyone who followed Poilievre's advice and invested in Bitcoin "would have seen their life savings destroyed."
The speculations and bets come in the wake of <a href="https://www.benzinga.com/25/01/42823979/canadas-pm-justin-trudeau-steps-down-amid-internal-conflict-and-tension-over-trump-tariffs">Trudeau's resignation</a>. The outgoing prime minister said he will step down after the Liberal Party selects its new leader and stated that the Parliament will be suspended until Mar. 24.
Price Action: At the time of writing, Bitcoin was exchanging hands at $101,722.91, up 2.35% 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..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42836019/odds-of-trump-buying-greenland-hit-21-on-betting-platform-kalshi-amid-reports-of-donald-trump-jrs-visit-to-arctic-region">Trump&#8217;s Greenland Gambit: Kalshi Bettors See 21% Chance He&#8217;ll Seal The Deal Before This Date</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

Politics

Markets

$POL

Bitcoin-Supportive Pierre Poilievre Leads Odds On Polymarket To Become Canada's Next Elected Prime Minister As Justin Trudeau Resigns

Shares of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) proxy stock MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) rallied 11% on Monday, coinciding with a leading analyst reiterating the stock's $650 price target.&nbsp;
What happened: Mark Palmer, an equity research analyst at Benchmark, maintained MicroStrategy with a <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee57ee7bf6000154d133/mark-palmer">Buy rating</a> and restated the target at $650, reflecting a 71% upside from the last closing price. Palmer is known to have an accuracy rate of 83%.
Palmer stated that the firm's ambitions to raise <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42814054/microstrategy-extends-bitcoin-buying-streak-metaplanet-aims-for-10000-btc-war-chest">$2 billion through preferred stock</a> issues might be a game changer, potentially drawing institutional investors such as insurance companies, pension funds, and banks, who favor assets with fixed dividend payments, The Block <a href="https://www.theblock.co/post/333289/microstrategys-2-billion-preferred-stock-strategy-could-unlock-institutional-goldmine-analyst-says?utm_source=twitter&amp;utm_medium=social">reported</a>, citing a Monday note by the analyst.
Preferred stock is a type of equity that offers shareholders fixed dividends while giving them ownership stakes in the company.&nbsp;
Palmer expected the preferred stock offering to include a conversion option into Class A common shares and dividend payments.
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"> &#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a>
Why It Matters: The preferred stock offering is part of the company's ambitious <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">21/21 plan</a>—a capital-raising initiative that aims to raise $21 billion through equity financing and $21 billion through fixed-income securities to purchase Bitcoin.
MicroStrategy has been on a mammoth Bitcoin acquisition drive in recent months, with its latest purchase of <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42814054/microstrategy-extends-bitcoin-buying-streak-metaplanet-aims-for-10000-btc-war-chest">1,070 BTC on Monday</a> taking its reserves to 447,470 BTC, worth $45.57 billion. This makes the Michael Saylor-led company the biggest corporate holder of the world's leading cryptocurrency.
Price Action: Shares of MicroStrategy were up 0.37% to $380.50 in the after-hours trading. The stock has gained 484.38% over the past year, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
The stock has a <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">consensus price target</a> of $449.5 based on the ratings of 12 analysts. The high is $690, announced by BTIG on Dec. 11, 2023, and the low is $140, issued by Jefferies on Nov. 10, 2022.
At the time of writing, Bitcoin was exchanging hands at $101,820.72, up 2.17% in the last 24 hours.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758291/elon-musks-return-to-original-x-avatar-causes-coin-themed-on-kekius-maximus-to-crash-90-frog-themed-pepe-slips-as-well">Elon Musk&#8217;s Return To Original X Avatar Causes Coin Themed On &#8216;Kekius Maximus&#8217; To Crash 90% — Frog-Themed PEPE Slips As Well</a></li>
</ul>
Photo courtesy: Shutterstock

$BTC

MSTR

MicroStrategy $650 Target Reiterated By Analyst With High Accuracy — Michael Saylor-Linked Company's Preferred Stock Offerings Will Attract Insurance Companies, Banks

NXPI

NXP Semiconductors To Acquire TTTech Auto For $625M

<h3>Companies Reporting Before The Bell</h3>
• Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.39 per share on revenue of $169.78 million. 
• Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.19 million. 
• RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $1.79 billion. 
<h3>Companies Reporting After The Bell</h3>
• Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) is projected to report quarterly loss at $0.02 per share on revenue of $51.31 million. 
• AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $396.64 million. 
• Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $18.80 million. 
• Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $61.72 million. 
• Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) is estimated to report quarterly earnings at $3.68 per share on revenue of $751.50 million. 
• AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is likely to report quarterly earnings at $0.84 per share on revenue of $654.09 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

APOG

CALM

KRUS

RELL

Earnings Scheduled For January 7, 2025

Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) (the "Company") today announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 15,625,000 shares of the Company's common stock at a price of $0.16 per share (the "Shares"), resulting in estimated total gross proceeds of approximately $2.5 million. The closing of the sale of the Shares is expected to take place within the next 10 days, subject to the satisfaction of customary closing conditions.

Offerings

GORO

Gold Resource Announces $2.5M Secondary Offering Of 15.6M Shares At $0.16/Share

Leading market analysts highlighted Foxconn, also known as Hon Hai Technology&#8216;s surprise fourth-quarter performance. Jim Cramer suggested investors may have overlooked the Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) supplier while focusing on Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/tech/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549">CES 2025 presentation</a>.
What Happened: &#8220;People were looking for Nvidia&#8217;s Jensen Huang to give a big keynote this evening at CES but weren&#8217;t thinking partner (and Apple supplier) Hon Hai would have such big numbers,&#8221; Cramer wrote on X on Monday, questioning whether bears might try to downplay the significance of the results.
<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">People were looking for Nvidia&#39;s Jensen Huang to give a big keynote this evening at CES but weren&#39;t thinking partner (and Apple supplier) Hon Hai would have such big numbers. But will the bears come in to knock it down at the opening saying we already knew this (when we didn&#39;t)?
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1876215525476585783?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Gary Black, managing partner of The Future Fund LLC, predicted the strong performance could catalyze broader market movements. &#8220;Taiwan&#8217;s Foxconn reported strong 4Q results and provided robust 1Q guidance, triggering chip stock rally,&#8221; Black noted on X.
<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">In today's pre-mkt summary for subscribers: Taiwan's Foxconn ( <a href="https://twitter.com/search?q=%24HHPD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HHPD</a>) reported strong 4Q results and provided robust 1Q guidance, triggering chip stock rally; TSLA likely to move higher into 4Q earnings as investors focus more on unsupervised autonomy and Optimus progress than…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1876211132626612463?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The manufacturer posted <a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">record fourth-quarter revenue</a> of NT$2,132.3 billion ($64.83 billion), up 15.17% year-over-year, driven by robust demand for AI servers and cloud computing products. December revenue jumped 42.31% annually to NT$654.8 billion ($19.9 billion), despite a 2.64% month-over-month decline.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42836870/warren-buffetts-berkshire-hathaway-subsidiary-sued-over-unaffordable-loans-2008-style-predatory-loan-approval-tactics">Warren Buffett&#8217;s Berkshire Hathaway Subsidiary Sued Over Unaffordable Loans, 2008-Style Predatory Loan Approval Tactics</a>
Why It Matters: Foxconn&#8217;s expansion into AI infrastructure, particularly its partnership with Nvidia for GB200 chip production, represents a strategic pivot beyond its traditional role as Apple&#8217;s primary iPhone manufacturer. The company is building what it claims will be the world&#8217;s largest AI server manufacturing facility in Mexico.
During Foxconn&#8217;s October tech day in Taipei, Chairman Young Liu showcased the company&#8217;s advanced cooling technologies for GB200 servers, while Benjamin Ting, senior vice president for cloud enterprise solutions, confirmed strong demand for Nvidia&#8217;s Blackwell platform.
The full-year revenue reached NT$6,859.9 billion ($208.59 billion), marking an 11.37% increase from the previous year, as the company capitalizes on the growing AI computing market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/42836461/nvidias-ces-2025-vision-sparks-mixed-reactions-ross-gerber-hails-incredible-things-to-come-while-analysts-debate-ai-and-autonomous-driving-ambitions">Jensen Huang&#8217;s CES 2025 Vision Sparks Mixed Reactions: Ross Gerber Says Nvidia Has &#8216;Changed The World,&#8217; While Analysts Debate AI And Autonomous Driving Ambitions</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

NVDA

Amid Nvidia's CES 2025 Buzz, Investors Overlooked Apple Supplier Foxconn's Strong Q4, Says Jim Cramer

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) inventory in the U.S. continues to have foundation series Cybertrucks despite offers to clear them.
What Happened: Tesla&#8217;s inventory currently shows four foundation series all-wheel drive Cybertrucks priced at $99,990. 
Benzinga first noted the <a href="https://www.benzinga.com/tech/24/12/42524912/teslas-99k-foundation-series-cybertrucks-still-available-a-sign-of-possible-demand-hurdles">foundation series Cybertrucks in Tesla&#8217;s inventory</a> in mid-December. Tesla has, since then, added offers <a href="https://www.benzinga.com/tech/24/12/42712707/tesla-offers-free-lifetime-supercharging-with-foundation-series-cybertruck-as-it-looks-to-clear-inventory">including free supercharging</a> on the vehicle if the order is placed on or after Dec. 27. The offer, it then said, will only be available for a limited time. 
However, a week later, there are still foundation-series Cybertrucks left in the inventory and the company is continuing to offer free supercharging during the period of initial ownership, hinting at significant demand challenges for the vehicle. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="361" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25-1024x361.png" alt="" class="wp-image-721116" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25-1024x361.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25-300x106.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25-768x271.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25-1536x542.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07022215/image-25.png 1855w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Screengrab of Tesla Inventory</figcaption></figure>
Why It Matters: The foundation series refers to a limited and pricier edition of the Cybertruck with laser-etched foundation series badges and premium accessories.
Tesla made only the foundation series Cybertrucks for the first few months of deliveries. In October, Tesla started selling the regular version of Cybertruck priced about $20,000 lower than the foundation series.
The foundation series trucks manufactured by the company for the U.S. market, meanwhile, continue to be in its inventory, hinting that potential customers are unwilling to<a href="https://www.benzinga.com/tech/24/11/41873767/cybertruck-likely-wont-be-profitable-in-q4-says-tesla-researcher"> pay a premium for the stainless steel truck.</a>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42814588/tesla-lags-with-meager-1-5-growth-even-as-uk-ev-registrations-surge-over-20-in-2024">Tesla Lags With Meager 1.5% Growth Even As UK EV Registrations Surge Over 20% In 2024</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla's Foundation Series Cybertruck Inventory Still Haunts Elon Musk-led EV Giant Despite Offers

Macro Economic Events

Econ #s

Economics

France Harmonised Index of Consumer Prices (MoM) Preliminary For December 0.2% Vs. 0.4% Est.; -0.1% Prior

France Consumer Price Index (MoM) Preliminary For December 0.2% Vs. 0.3% Est.; -0.1% Prior

– Parties urge the court to take immediate corrective action in response to renewed Request –
– Filing asserts that DEA is using authority in these proceedings to thwart a proposal it vehemently opposes –
– New evidence of widespread DEA wrongdoing necessitates Agency's removal from participation in proceedings –

Reported Earlier, Village Farms And Hemp For Victory Renew Effort To Disqualify DEA From Marijuana Rescheduling Hearings

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has committed to updating its AI feature following a complaint from the BBC.&nbsp;
What Happened: The tech giant acknowledged on Monday that its AI-generated news summaries on iPhones have been inaccurate, <a href="https://www.bbc.com/news/articles/cge93de21n0o">reported</a> BBC.
The issue came to light last month after the BBC reported that an AI-generated summary falsely claimed that Luigi Mangione, accused of killing UnitedHealthcare CEO Brian Thompson, had shot himself.
See Also: <a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand And Nvidia Partnership</a>
On Friday, Apple&#8217;s AI once again inaccurately summarized BBC app notifications, stating that Luke Littler had won the PDC World Darts Championship before it began and that Rafael Nadal had come out as gay.
This is the first time Apple has formally addressed the BBC&#8217;s concerns, the report noted.
Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: This comes at a time when the company is navigating a significant shift towards AI and virtual reality.
In November 2024, <a href="https://www.benzinga.com/news/24/11/41773589/apple-signals-profit-risks-in-ai-and-vr-shift-what-it-means-for-investors">Apple warned investors</a> about potential profit risks associated with these emerging technologies, which may not match the revenue and profit margins of its flagship iPhone line.
Despite these challenges, analysts like Dan Ives from Wedbush remain optimistic about Apple&#8217;s future. In a December analysis, Ives predicted a &#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42682230/tech-bull-predicts-26-upside-for-apple-stock-sees-golden-era-of-growth-for-cupertino-due-to-multi-year-ai-driven-iphone-upgrade-cycle">golden era of growth</a>&#8221; for Apple, driven by a multi-year AI-driven iPhone upgrade cycle.
Price Action: Apple&#8217;s stock rose 0.67% on Monday, closing at $245, as per <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. Latest analyst reports from Bernstein, B of A Securities, and Wedbush have set an average price target of $280.33, suggesting a potential upside of 14.43%.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42803280/consumer-tech-news-dec-30-jan-3-apple-stops-selling-iphone-14-iphone-14-plus-iphone-se-trump-seeks-a-political-resolution-of-tiktok-ban-more">Consumer Tech News (Dec 30-Jan 3): Apple Stops Selling iPhone 14, iPhone 14 Plus, iPhone SE, Trump Seeks A &#8216;Political Resolution&#8217; Of TikTok Ban &amp; More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Admits AI Flaws After BBC Complains, Vows Fix For Misleading News Summaries

For December 2024, the total number of terminal passengers at GAP's 12 Mexican airports increased by 3.4%, compared to December 2023. Guadalajara and Tijuana airports presented an increase in passenger traffic of 8.2% and 2.7% respectively, while Puerto Vallarta and Los Cabos airports presented a decrease of 1.8% and 0.9% respectively, compared to December 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 5.6%, compared to&nbsp;December 2023.

Reported Earlier, Grupo Aeroportuario del Pacifico December 2024 Passenger Traffic Increased 2.9% Compared To 2023

Upon closing, this transaction is expected to be immediately accretive to earnings per share. The EPIC NGL business consists of two fractionators (170 MBD) near Corpus Christi, Texas, approximately 350 miles of purity distribution pipelines and an approximately 885-mile NGL pipeline (175 MBD) linking production supplies in the Delaware, Midland and Eagle Ford basins to such fractionation complexes and to the Phillips 66 Sweeny Hub. EPIC NGL is in the process of increasing its pipeline capacity to 225 MBD and has sanctioned a second expansion to increase capacity to 350 MBD. Phillips 66 does not expect to increase its recently announced 2025 capital program in connection with that expansion.

Reported Earlier, Phillips 66 Expands Permian Midstream Business With $2.2 Billion Acquisition Of EPIC NGL Assets

Panasonic Energy Co., Ltd., a global leader in the battery industry, and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), maker of the world's most advanced electric vehicles, today announced the highly anticipated Lucid Gravity Grand Touring will be powered by Panasonic Energy's lithium-ion EV battery cells. With an EPA-estimated range of up to 450 miles1 from a battery pack that is up to 40 percent smaller than competitors', the collaborative efforts between Panasonic and Lucid have helped deliver an SUV with a previously impossible combination of outstanding range, performance and interior space.

Comments

Movie Studio

News

Latest news for Movie Studio (OTC:MVES) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga