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Nikon (OTC:NINOY) Stock, Option Chain

Nikon

Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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SIRI

Sierra, the AI startup co-founded by former Salesforce co-CEO Bret Taylor, reached a valuation of $4.5 billion after raising $175 million in a recent funding round, positioning it as a leading AI company in enterprise customer service solutions.

Bret Taylor&#39;s AI Startup Sierra Hits $4.5B Valuation Just A Year After Launch: OpenAI Chair&#39;s Latest Venture Towers Over These Century-Old Brands

Screenshot 2024-09-17 at 7.15.51 PM

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AEVA

Why Nvidia, Daimler Truck, Nikon And Top U.S. Security Organization Are Partnering With This AI Chip Stock

Canon EOS R1

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SONY

Canon is set to release its new flagship mirrorless camera, the EOS R1, which features advanced autofocus technology capable of capturing facial expressions even when obstructed, aiming to challenge its main competitor, Sony.

Canon Focuses On Rival Sony With New Flagship Mirrorless Camera, Priced At $6,299

Nikon Corp

Sierra, the AI&nbsp;startup co-founded by former Salesforce&nbsp;co-CEO and OpenAI chairman Bret Taylor, has achieved a valuation of $4.5 billion following a successful funding round.
What Happened: On Monday, a year after its public launch, Sierra&nbsp;raised $175 million in a&nbsp;funding round led by Greenoaks Capital, reported Reuters.
Thrive Capital and Iconiq also&nbsp;participated in the round. The company&nbsp;had&nbsp;previously raised $110 million from&nbsp;Sequoia Capital and Benchmark at&nbsp;a nearly $1 billion valuation.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a>
Despite growing concerns around AI bubbles, the&nbsp;funding has positioned&nbsp;Sierra as one of the&nbsp;most highly valued startups. The company has surpassed&nbsp;$20 million in annualized revenue,&nbsp;the report noted, citing sources familiar with the matter.
This latest funding round values Sierra higher than established brands such as Nikon Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>) and Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), which have market capitalizations of $4.43 billion and $4.30 billion, respectively.
Co-founded by Taylor and Google veteran Clay Bavor, Sierra specializes in selling AI-powered customer service chatbots to enterprises. It serves clients such as WeightWatchers&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) and SiriusXM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
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Why It Matters: Sierra&#8217;s skyrocketing valuation comes amidst a surge in funding for AI startups. For instance, earlier this month ChatGPT-parent OpenAI secured more than <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-roundhttps:/www.benzinga.com/news/24/10/41407196/openais-for-profit-structure-adds-valuation-complexity-to-microsoft-and-other-equity-investors-repor">$6.5 billion in new funding at a valuation of $157 billion</a>.
In March this year, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced an additional $2.75 billion investment in Anthropic. This follows an initial $1.25 billion investment from Amazon in September 2023, raising its total commitment to $4 billion. 
At the time, the investment was made based on Anthropic&#8217;s valuation of $18.4 billion.
In May 2024, Elon Musk&#8217;s AI startup xAI&nbsp;<a href="https://www.benzinga.com/news/24/05/39025708/elon-musk-cheers-funding-after-xai-secures-6b-from-sequoia-andreessen-horowitz-saudi-prince-alwaleed" target="_blank" rel="noreferrer noopener">raised a staggering $6 billion</a>&nbsp;in its Series B funding round, pegging a reported valuation of $24 billion.
In July, Cohere Inc., backed by Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reached a <a href="https://www.benzinga.com/markets/equities/24/07/39890578/nvidia-backed-ai-startup-coheres-valuation-soars-to-5-5b-report">$5.5 billion valuation</a> becoming one of Canada's largest startups.
Photo Courtesy: Sierra AI
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Bret Taylor's AI Startup Sierra Hits $4.5B Valuation Just A Year After Launch: OpenAI Chair's Latest Venture Towers Over These Century-Old Brands

Camera giant Canon Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CAJFF#OTC">CAJFF</a>) has launched its latest flagship camera, the EOS R1, as it looks to take on rival Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>).
What Happened: The EOS R1&#8217;s distinguishing feature is its autofocus, which can capture facial expressions even when obstructed. 
This feature is powered by&nbsp;an image sensor developed by&nbsp;Canon that transforms light into electrical signals, and an image engine capable of swiftly analyzing large volumes of data, <a href="https://asia.nikkei.com/Business/Electronics/Canon-s-new-mirrorless-camera-takes-aim-at-biggest-rival-Sony">reported</a>&nbsp;Nikkei Asia.
The camera is Canon&#8217;s answer to similar models launched by Sony and Nikon Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39875506/crowdstrikes-faulty-microsoft-windows-update-gets-slammed-by-us-cybersecurity-official-was-a-huge-de?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crowdstrike&#8217;s Faulty Microsoft Windows Update Gets Slammed By US Cybersecurity Official: &#8216;Was A Huge Deal…&#8217;</a>
&#8220;We focused on reliable performance,&#8221;&nbsp;stated&nbsp;Go Tokura, executive vice president and head of Canon&#8217;s imaging group. He said that the camera can function even in harsh conditions such as rainy weather.
Canon intends to release the EOS R1 in Japan in November, with a retail price of 1,089,000 yen ($6,926), which&nbsp;is higher than the flagship&nbsp;models of Sony and Nikon. 
The company&#8217;s strategy is to foster demand in the professional sector.&nbsp;The EOS R1 will retail&nbsp;for $6,299 in the U.S.
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: Since entering the full-frame mirrorless market in 2018, Canon has not released a flagship product in this segment. In contrast, Nikon and Sony introduced their flagship models in 2021, making Canon the last major camera manufacturer to do so.
Last year, Canon led the global mirrorless camera shipments with a 41% share, surpassing Sony, which held second place at 32%, the report noted, citing Techno Systems Research. However, Sony managed to surpass Canon in unit sales in Japan during the same year.
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</ul>
Photo courtesy: Canon
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

In a strategic move to bolster its presence in the professional digital cinema camera market, Nikon Corporation (OTCPK: NINOY) has announced plans to acquire&nbsp;RED.com, LLC, a renowned U.S. cinema camera manufacturer.
What Happened: Nikon&nbsp;<a href="https://www.nikon.com/company/news/2024/0307_01.html">disclosed</a> that it has reached an agreement to purchase all outstanding membership interests of RED.com, thereby making it a wholly-owned subsidiary of Nikon.
The agreement was negotiated with RED&#8217;s founder, Mr. James Jannard, and its current President, Mr. Jarred Land, and is subject to certain closing conditions, the company said.
Founded in 2005, RED has launched innovative products like the original RED ONE 4K and the advanced V-RAPTOR [X]. Its contributions earned it an Academy Award and a favorite among numerous Hollywood productions.
See Also: <a href="https://www.benzinga.com/news/24/03/37454372/neither-sundar-pichai-nor-sergey-brin-this-ex-employee-warned-google-5-years-ago-that-ai-was-coming?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Neither Sundar Pichai Nor Sergey Brin—This Ex-Employee Warned Google 5 Years Ago That AI Was Coming For Their Search Engine</a>
Nikon aims to synergize its expertise in product development, image processing, optical technology, and user interface with RED's proficiency in cinema cameras, unique image compression technology, and color science to create unique&nbsp;products in the professional digital cinema camera market.
With this acquisition, Nikon intends to broaden its horizons in the fast-growing professional digital cinema camera market, hinting at an exciting future of product development that will continue to redefine the limits of film and video production.
Why It Matters: This acquisition comes on the heels of a legal dispute between Nikon and RED.com.&nbsp;RED.com had previously sued Nikon over the implementation of compressed raw recording capabilities in Nikon&#8217;s Z9 flagship camera. Nikon refuted all of RED's claims and retaliated.
The lawsuit was set for a jury trial in January 2024. However, the California Central District Court dismissed the case, allowing Nikon&#8217;s Z9 to retain its compressed raw codecs. This past legal tussle adds a layer of complexity to the acquisition, highlighting the competitive dynamics between the two companies.
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: <a href="https://www.benzinga.com/news/24/03/37474966/elon-musk-mark-cuban-war-of-words-escalates-after-shark-tank-host-backs-biden-24-karat-d-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk-Mark Cuban War Of Words Escalates After Shark Tank Host Backs Biden: &#8217;24 Karat D&#x2A;&#x2A;&#x2A;&#x2A;e&#8217;</a>
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.
Photo by Lilly Rum on Unsplash

Entertainment

General

Nikon Set To Acquire Cinema US-Based Camera Giant RED, Eyeing Dominance In Film Tech

Japan and the Netherlands will reportedly join the U.S. in implementing<a href="https://www.benzinga.com/government/22/12/30062180/china-reaches-out-to-wto-to-avenge-us-chip-embargo"> export controls on semiconductor manufacturing equipment</a> to Xi Jinping-led China.
What Happened: The trilateral talks for <a href="https://www.benzinga.com/news/22/12/30058126/how-xi-jinping-is-preparing-to-win-chip-battle-with-us-143b-package-wto-dispute-allying-with-south-k">implementing export controls and on what can be supplied to Chinese companies</a> are set to conclude as early as Friday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-01-27/japan-netherlands-to-join-us-in-chip-export-controls-on-china">reported</a>, citing people familiar with the matter.
See Also: <a href="https://www.benzinga.com/government/22/12/30053519/china-weighs-over-143b-in-semiconductor-push-to-beat-us-embargo">China Weighs Over $143B In Semiconductor Push To Beat US Embargo</a>
The report noted that Japan would add restrictions for Nikon Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NINOY#OTC">NINOY</a>) to prevent the sale of machines that are crucial to making advanced chips. Similarly, the Netherlands would set similar limits on ASML Holding NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ASMLF#OTC">ASMLF</a>).
The U.S., Dutch and Japanese officials are planning<a href="https://www.benzinga.com/news/22/12/30071080/us-reportedly-adding-30-chinese-chip-companies-to-trade-blacklist-as-dispute-with-xi-jinpings-govern"> no public announcement of restrictions</a> and it would just silently be implemented, it added.
The decision would expand on <a href="https://www.benzinga.com/news/22/12/30105094/us-needs-10-year-chip-export-curbs-to-grow-lead-over-china-expert-says-short-run-strategy-may-not-wo">restrictions the President Joe Biden-led administration unveiled in October</a> that were aimed at curtailing Beijing's ability to manufacture its own advanced chips or buy them from abroad to aid its military and artificial intelligence capabilities.
Check out more of Benzinga&#8217;s Europe and Asia coverage by&nbsp;<a href="https://www.benzinga.com/topic/eurasia">following</a>&nbsp;<a href="https://www.benzinga.com/topic/eurasia">this link</a>.

Politics

Global

ASMLF

Xi Jinping's China Said To Face More Chip Curbs From These 2 US Allies

<ul>
<li>ASML Holding N.V.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) updated its view on demand outlook, capacity plans, and business model at the Investor Day meeting.</li>
<li>ASML expects 2025 annual revenue between approximately &euro;30 billion - &euro;40 billion with a gross margin between 54% - 56%.</li>
<li>ASML sees 2030 annual revenue between approximately &euro;44 billion - &euro;60 billion, with a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/g29663395/asml-provides-updated-view-on-demand-outlook-capacity-plans-and-business-model-at-investor-day-mee" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">gross margin between about 56% - 60%</a>.</li>
<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29318399/asml-clocks-10-net-sales-growth-aided-by-strong-net-bookings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ASML Clocks 10% Net Sales Growth Aided By Strong Net Bookings</a></li>
<li>ASML plans to buy back shares up to &euro;12.0 billion, including up to 2 million shares for employee share plans.&nbsp;</li>
<li>ASML plans to increase ITS annual capacity to 90 EUV and 600 DUV systems (2025-2026) while also ramping High-NA EUV capacity to 20 systems (2027-2028).</li>
<li>ASML may conduct acquisitions to meet soaring demand for advanced chips worldwide, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-11-15/asml-considers-m-a-to-meet-strong-demand-for-advanced-chipmaking?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>&nbsp;citing its CEO.</li>
<li>That scale of growth necessitates a more extensive supplier base, CEO Peter Wennink.</li>
<li>ASML invested 240 billion won ($181 million) in building maintenance and training centers in South Korea by 2024.</li>
<li>Some of its biggest customers, South Korea&rsquo;s&nbsp;Samsung Electronics Co, Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ssnlf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SSNLF</a>) and SK Hynix Inc, and&nbsp;Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSM</a>), are in East Asia.</li>
<li>Biden administration&rsquo;s most recent chip curbs could mean an indirect&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29375322/chinese-top-chipmaker-retaliates-by-firing-us-employees-in-core-tech-former-ceos-position-remain-und" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">hit to sales of as much as 5%</a>, Wennink said.&nbsp;</li>
<li>&ldquo;Despite the fact that we are looking at a recessionary environment in 2023, the demand for our products is still higher than what we can make,&rdquo; he said. There has been no reduction to the backlog in its shipments to the end of next year, he said.</li>
<li>Price Action:&nbsp;ASML shares traded higher by 5.24% at $608.10 on the last check Tuesday.</li>
</ul>

Guidance

Buybacks

ASML

NINOF

SSNLF

ASML Boosts Outlook Amid Economic Downturn, Launched €12B Buyback, Explored Acquisitions

The U.S. is influencing the Netherlands to prohibit&nbsp;ASML Holding NV&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) from selling to China, mainstream technology essential in making a large chunk of the world&#39;s chips,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-05/us-pushing-for-asml-to-stop-selling-key-chipmaking-gear-to-china?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
The proposed restriction could thwart the country&#39;s aspirations to lead global chip production by intensifying an existing suspension, a severe blow to Chinese chipmakers like&nbsp;Semiconductor Manufacturing International Corp&nbsp;and&nbsp;Hua Hong Semiconductor Ltd.
ASML still sells &quot;deep ultraviolet,&quot; or DUV, machines to Chinese customers,&nbsp;<a class="editor-rtfLink" href="https://telecom.economictimes.indiatimes.com/news/asml-shares-fall-on-report-us-wants-to-restrict-sales-to-china/92688421" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ET Telecom reports</a>.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/27931071/heres-why-micron-asml-tsmc-amd-nvidia-qualcomm-and-other-chipmakers-are-trading-lower-premarket" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Here&#39;s Why Micron, TSMC, AMD, Nvidia, Qualcomm And Other Chipmakers Are Trading Lower Premarket</a>
DUV lithography helps manufacture most of the global chips. Therefore, restricting their sales to China would highly damage China&#39;s chip industry and likely intensify the global semiconductor crisis.
ASML can already not ship its most advanced tools to China. However, the curb could restrict the sale of slightly older machines.
Interestingly, the move powered China&#39;s semiconductor stocks as it could drive demand for homegrown technology,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-06/chinese-chipmakers-surge-after-us-pushes-for-more-industry-curbs?srnd=technology-vp#xj4y7vzkg&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
Additionally, better-than-expected earnings have spurred a rally in chip stocks in China, with investors seeing U.S. restrictions accelerating sales for domestic companies.
China slammed U.S. efforts to stop ASML and&nbsp;Nikon Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOY</a>) from selling key chipmaking technology to the country as &quot;technological terrorism,&quot;&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-07-06/china-calls-us-pressure-on-chipmakers-technological-terrorism?utm_source=google&amp;utm_medium=bd&amp;cmpId=google&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
China is ASML&#39;s third-largest market, after Taiwan and South Korea, representing 16% of 2021 sales, or 2.1 billion euros.
Since 2019, the Dutch government, in accord with the U.S., has not granted a license for ASML to sell its most advanced machines, which use &quot;extreme ultraviolet,&quot; or EUV, light waves, to Chinese chipmakers.
In 2021, the U.S. National Security Commission on Artificial Intelligence recommended pushing allies to deny China access to top DUV, EUV, and related tools.
Price Action:&nbsp;ASML shares traded lower by 1.13% at $427.50 in the premarket on the last check Wednesday.
Photo via Pixabay

Government

Regulations

US Canvasses Netherlands To Severe Chipmaking Ties Between ASML And China: Pros And Cons

Adobe Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) &mdash; the market leader providing software tools for creatives &mdash; partnered with non-fungible token (NFT) market Rarible to protect the digital artists behind the tokens.
What Happened:&nbsp;According to a Tuesday&nbsp;<a href="https://rarible.medium.com/rarible-partners-with-adobe-to-support-content-attribution-for-nfts-58ab16df9029" target="_blank">announcement</a>, a new Adobe feature allows token creators to add their wallet address and social media information to the NFT metadata in an effort &ldquo;to fight misinformation with attribution and verifiable truth of content.&rdquo; In other words, the solution allows NFT creators to prove&nbsp;they are the real creators of their artworks by linking them to their data.
The NFT marketplace also allows for its&nbsp;creators to remain pseudonymous and only display their on-chain address or social media profile depending on what they feel comfortable with.
Rarible is a member of Adobe&rsquo;s Content Authenticity Initiative,&nbsp;as well as BBC, Getty Images,&nbsp;Microsoft Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) and&nbsp;Nikon ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ninoy#OTC">NINOY</a>). This allows&nbsp;these organizations&nbsp;to have an impact on the firm&#39;s tool development.
Rarible is the eighth most popular NFT marketplace with a daily trading volume of $393.910, according to decentralized application data platform&nbsp;<a href="https://dappradar.com/nft/marketplaces" target="_blank">Dapp Radar</a>. The current trading volume is a far cry from April&#39;s peak of $2.5 million.
ADBE Price Action:&nbsp;Adobe&#39;s stock is trading down at 0.69% at&nbsp;$642.50.
Photo: Christin Hume via <a href="https://unsplash.com/">Unsplash</a>

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Cryptocurrency

ADBE

MSFT

Adobe Partners With NFT Firm Rarible To Protect NFT Creators

<ul>
<li>Velodyne Lidar Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vldr#NASDAQ">VLDR</a>), a sensor technology provider for autonomous vehicles shares traded higher by 15.20% at $7.11 on the last check Monday.</li>
<li>Velodyne&#39;s majority stockholder David Hall described&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/07/22037994/velodyne-lidar-discloses-ceo-exit-affirms-fy21-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the previously announced</a>&nbsp;Anand Gopalan&#39;s resignation as the CEO and director as the &quot;first step in the right direction, the root of poor business management and the anti-stockholder culture at Velodyne Lidar remains.&quot;</li>
<li>Hall also sought the resignation of Chairman Michael Dee and director Hamid Zarringhalam for alleged breach of stockholders&#39; confidence and destruction of company value.</li>
<li>Hall held Dee accountable for the company&#39;s nearly 80% stock price decline through his major business decisions. He also questioned the board&#39;s decision to promote Dee as the Chair despite his performance and skillset.</li>
<li>Hall also disclosed Dee&#39;s involvement as a CFO in PureCycle Technologies, Inc&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/topic/spacs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SPAC</a>&nbsp;merger&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/20/11/18385089/plastics-recycler-purecycle-technologies-going-public-via-spac" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">lawsuit for allegedly duping</a>&nbsp;investors.</li>
<li>Hall also questioned Dee&#39;s decision to transfer Velodyne&#39;s Alpha Prime lidar manufacturing know-how and associated trade secrets to&nbsp;Nikon Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ninoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NINOY</a>), an upcoming competitor. It only seemed to benefit Nikon executive Zarringhalam, brewing a conflict of interest. Zarringhalam has also exhibited non-professionalism regarding the stock&#39;s significant decline. NINOF shares traded higher by 2.48% at $9.74 on the last check Monday.</li>
<li>Hall blamed Velodyne also for repeatedly declining critical reports and information on the grounds of &quot;privilege.&quot;</li>
<li>Velodyne&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/b22360412/velodyne-lidar-reports-second-quarter-2021-financial-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Q2 revenue of $13.6</a>&nbsp;million missed the consensus of $17.2 million. Adj EPS loss of $(0.18) missed the consensus loss of $(0.14).</li>
</ul>

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