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Whales collected hundreds of millions of dollars in Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), capitalizing on the world&#8217;s second-largest cryptocurrency&#8217;s subdued rates.
What Happened: Two substantial Ethereum withdrawals from cryptocurrency exchanges were reported by on-chain tracking platform Lookonchain in a Monday X post.
The first withdrawal involved 56,909 ETH, worth 151.6 million, from Binance, while the second whale accumulated a combined 64,603 ETH, valued at $171.8 million, from Binance and Bitfinex. Both transactions occurred within a 48-hour window.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It seems that whales are accumulating <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>! 0xb99a&#8230;BcF5 withdrew 56,909 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($151.6M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> 4 hours ago. 0xEd0C&#8230;4312 withdrew 64,603 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($171.8M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> and <a href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etfw">#Bitfinex</a> in the past 48 hours.<a href="https://t.co/hLMs0ziEUI">https://t.co/hLMs0ziEUI</a><a href="https://t.co/TXrSYqOSKQ">https://t.co/TXrSYqOSKQ</a> <a href="https://t.co/a6Oe20q946">pic.twitter.com/a6Oe20q946</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1889169910032650631?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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These withdrawals were part of a market-wide phenomenon, as Ethereum recorded net exchange outflows of over $51 million in the last 24 hours, <a href="https://app.intotheblock.com/?end_offset=20">according </a>to data from IntoTheBlock. Typically, when more funds exit exchanges than they enter, it suggests a bullish outlook. 
Additionally, a 16% jump in transactions valued over $100,000 indicated a renewed interest among whale investors in accumulating ETH.
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/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters: The accumulation by large investors comes at a time when Wall Street hedge funds <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43586765/wall-streets-ethereum-short-positioning-skyrockets-the-extreme-positioning-has-caused-eth-to-underperform-bitcoin-says-analyst">have been increasingly betting against ETH</a>. A report suggested that the short positioning has surged by 40% in a week&#8217;s time and 500% since November. 
ETH was also the least popular of the three largest cryptocurrencies, <a href="https://trends.google.com/trends/explore?date=today%201-m&amp;geo=US&amp;q=ethereum,XRP,Bitcoin&amp;hl=en">according </a>to Google Trends data, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) generating much higher search interest.
Interestingly, Eric Trump, President Donald Trump&#8217;s son, <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">suggested last week on X</a> that "it's a great time to add ETH," potentially influencing decisions of certain players.
Price Action: At the time of writing, Ethereum was exchanging hands at $2,716.83, up 3.25% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the coin has endured losses of over 18%.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

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

Cryptocurrency

News

Markets

Movers

Trading Ideas

$BTC

$ETH

$SOL

$XRP

Week After Eric Trump Said 'Great Time To Add ETH,' Whales Stock Up Over $300 Million In Ethereum — What's Cooking

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) to report quarterly earnings at 52 cents per share on revenue of $10.68 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Coca-Cola shares gained 0.1% to $64.63 in after-hours trading.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) reported better-than-expected earnings for its fourth quarter but issued weak guidance for the first quarter. The company said it sees first-quarter adjusted earnings of 2 cents to 8 cents per share, versus estimates of 14 cents per share. The company expects revenue of $120 million to $135 million versus projections of $154.76 million. Harmonic shares dipped 29% to $7.90 in the after-hours trading session.</li>
<li>Analysts are expecting Marriott International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) to post quarterly earnings at $2.38 per share on revenue of $6.38 billion. The company will release earnings before the markets open. Marriott shares fell 0.3% to $303.51 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) reported upbeat financial results for the fourth quarter. The company said it expects first-quarter revenue to be in the range of $151 million to $155 million versus estimates of $134.25 million. The company anticipates adjusted earnings of 28 cents to 29 cents per share in the first quarter. Astera Labs shares declined 3.8% to $99.37 in the after-hours trading session.</li>
<li>Analysts expect Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) to post quarterly earnings at $1.70 per share on revenue of $7.14 billion after the closing bell. Gilead Sciences shares gained 0.1% to $95.60 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/02/43593480/wall-streets-most-accurate-analysts-give-their-take-on-3-real-estate-stocks-with-over-6-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 6% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

ALAB

GILD

HLIT

Coca-Cola, Marriott International And 3 Stocks To Watch Heading Into Tuesday

California-based <a href="https://www.benzinga.com/25/01/43419057/rivian-expands-illinois-factory-as-it-gears-to-start-production-of-its-cheaper-r2-suv">EV startup</a> Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) will be hiking prices on its R1T electric truck and R1S electric SUV in Canada by C$10,000 (about $7000) starting Feb.25, the company said in a mail to potential customers.
What Happened: The company said the price hike is due to a change in the exchange rate between the US and Canada.
&#8220;Now&#8217;s the time to bring home a new R1,&#8221; the company wrote, urging potential customers to purchase before the price hike kicked in.
One Canadian dollar currently equals $0.70, down from $0.74 a year ago. 
Why It Matters: Rivian vehicles are not cheap even now. Both their electric SUV and truck are to the higher end, making them rather premium purchases. 
While the R1T truck starts at C$101,900, the R1S starts at C$109,900 in Canada. In comparison, Tesla&#8217;s Model Y SUV starts at just C$64,990 in the country. 
Rivian is slated to report its fourth-quarter results on Feb. 20 at 2 pm PT. 
For the full year 2024, Rivian&nbsp;<a href="https://www.benzinga.com/tech/25/01/42807694/rivian-reports-2nd-highest-quarterly-ev-deliveries-as-2024-wraps-up" target="_blank" rel="noreferrer noopener">delivered 51,579 EVs</a>, within its guidance of 50,500 to 52,000 deliveries.
In the three months through the end of December, the company delivered 14,183 vehicles, its second-highest quarterly delivery numbers since it started deliveries in 2021. &nbsp;
Rivian opened sales of its Rivian Commercial van to fleets of all sizes in the U.S. <a href="https://www.benzinga.com/news/25/02/43593007/rivian-commercial-van-now-available-for-fleets-nationwide-in-us" target="_blank" rel="noopener">on Monday</a>. The vehicle is the platform for Amaon&#8217;s custom electric delivery van. Until recently, the vans were sold only to Amazon owing to an exclusivity clause in the original agreement between the EV maker and the online retailer.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43588718/lucid-ceo-envisions-ev-maker-licensing-tech-more-than-building-cars" target="_blank" rel="noreferrer noopener">Peter Rawlinson Wants Lucid To Be The Intel Of EVs: ‘You Flash Your Microsoft Office… Bill Gates Gets His Royalty… I Want To Be Like That'</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

RIVN

Rivian To Hike R1T, R1S Prices In Canada By Nearly 10% From Feb 25 Amid Exchange Rate Shift

Huawei Technologies has found an unconventional way to boost smartwatch sales in China—by registering them as medical devices.
What Happened: Huawei's Watch D2, launched in November, has gained traction in China after consumers realized they could charge it to their medical insurance accounts, <a href="https://www.bloomberg.com/news/articles/2025-02-10/huawei-sees-china-smart-watch-boom-as-subsidized-medical-device?srnd=phx-technology">reported</a> Bloomberg on Monday.
The Huawei watch costs 2,988 yuan ($409). It includes several health features, including blood pressure, sleep quality, heart rate, and step count. This qualifies it as a medical device under China's insurance system.
See Also: <a href="https://www.benzinga.com/25/02/43613962/apples-super-bowl-lix-strategy-was-discretely-genius-says-youtuber-nikias-molinaheres-how-it-stole-the-spotlight-without-selling-a-single-product">Apple&#8217;s Super Bowl LIX Strategy &#8216;Discretely Genius,&#8217; Says YouTuber Nikias Molina—Here&#8217;s How Cupertino Stole The Spotlight Without Pushing An iPhone In Your Face</a>
The move has led to high demand, with some pharmacies requiring pre-orders and limiting purchases to prevent resales.
&#8220;The watches are currently not available,&#8221; a Shanghai pharmacy told local media. &#8220;Buyers need an appointment, and over 500 people are in the queue.&#8221;
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: By branding its smartwatches as health essentials, Huawei has tapped into China's healthcare system, covering 95% of the population.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Watches, despite their advanced health tracking, do not hold medical device status in China, meaning consumers must pay out of pocket.
However, Huawei's move has sparked also controversy, with concerns that more tech firms could exploit medical labeling, straining China's healthcare resources, the report noted.
Some regions, like Ningbo, have already temporarily suspended such purchases while authorities review regulations.
An IDC report revealed that Huawei led <a href="https://www.benzinga.com/24/12/42570544/apple-watch-is-getting-a-run-for-its-money-as-chinese-tech-giants-led-by-huawei-lead-20-growth-in-global-wrist-worn-device-market">smartwatch shipments with a 16.9% market share</a>, surpassing Apple's 16.2% in the first three quarters of 2024.
Xiaomi secured third place with 20.5 million shipments and a 14.7% market share. Samsung came next with 11.5 million units. The BBK Group, which owns Oppo, Vivo, OnePlus, and Realme, followed with 7.8 million.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/media/25/02/43485288/apple-raises-monthly-applecare-prices-for-all-iphones-and-you-can-no-longer-buy-the-warranty-upfront-in-stores" target="_blank" rel="noreferrer noopener">Apple Raises Monthly AppleCare+ Prices For All iPhones— And You Can No Longer Buy The Warranty Upfront In Stores</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

AAPL

Apple Watch Dominance Under New Threat As Huawei Registers Smartwatch As Medical Device

Noted Economist and Strategist&nbsp;Peter Schiff&nbsp;recently opined on the current gold-to-silver ratio, suggesting a potential surge in silver prices.
What Happened: Schiff posted on X on Tuesday about the gold-to-silver ratio, which stood at over 90:1. He noted that gold, trading at $2,940, was likely to continue its upward trajectory, and predicted an &#8220;explosive catch-up move&#8221; in silver, currently priced at $32.22. He advised investors who felt they had missed the gold rally to consider buying silver.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With gold trading at $2,940 and silver still down at $32.22, the gold-to-silver ratio is over 90 to 1. Since gold is highly likely to continue rising, an explosive catch-up move in silver is likely soon. So if you think you missed the boat on gold, just buy some silver instead.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1889134326454829160?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
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SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43613481/alt-bitcoin-ethereum-dogecoin-rise-as-investors-shrug-off-trumps-tariff-order-analyst-sees-healthier-market-cycle-as-trader-interest-shifts-from-meme-coins-to-btc">Bitcoin, Ethereum, Dogecoin Rise As Investors Shrug Off Trump&#8217;s Tariff Order: Analyst Sees &#8216;Healthier Market Cycle&#8217; As Trader Interest Shifts From Meme Coins To BTC (CORRECTED)</a>
Why It Matters: Schiff&#8217;s comments come in the wake of gold&#8217;s impressive performance, which has seen it outperform Bitcoin and U.S. equities. Gold prices are <a href="https://www.benzinga.com/25/02/43590446/gold-prices-near-3000-outpacing-us-equities-as-it-hits-a-fresh-record-high-amid-donald-trumps-trade-war-led-market-uncertainty">nearing the $3,000 mark</a>, outpacing U.S. equities amid market uncertainty driven by President Donald Trump&#8216;s ongoing tariffs and trade negotiations and geopolitical uncertainties in the Middle East. However, analysts point out that consistently high interest rates may limit gold's potential gains.
Meanwhile, Silver has gained renewed attention for its role in green technologies, such as solar panels and electric vehicles, as well as its historical function as a hedge against inflation. Moreover, ongoing clashes between Ukraine and Russia, along with escalating tensions in the Middle East, may prompt investors to turn to <a href="https://www.benzinga.com/money/silver-price-forecast-short-long-term-silver-price-prediction">silver as a safe haven</a>.
In January, Ole Hansen, Head of Commodity Strategy at Saxo Bank stated, &#8220;This dual role—balancing both investment and industrial demand—could enable silver to outperform gold in the coming year.&#8221; He forecasted silver prices to rise to $38 per ounce this year. Also, analysts at UBS foresee silver prices to reach between $36 and $38 per ounce in 2025.
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<li>READ MORE: <a href="https://www.benzinga.com/news/25/02/43607699/no-we-are-not-taking-over-gaza-says-influential-congresswoman-warns-trumps-real-goal-is-helping-billionaires-gut-programs-for-americans">&#8216;No, We Are Not Taking Over Gaza,&#8217; Says Influential Congresswoman—Warns Trump&#8217;s Real Goal Is Helping Billionaires Gut Programs For Americans</a></li>
</ul>

Commodities

Peter Schiff Says Silver Is Set For An 'Explosive' Rally As Yellow Metal Nears $3,000: 'If You Think You Missed The Boat On Gold'

Stora Enso (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SEOAY#OTC">SEOAY</a>) reported quarterly losses of $(0.86) per share. This is a 25.22 percent decrease over losses of $(0.69) per share from the same period last year. The company reported $2.48 billion in sales this quarter. This is a 5.90 percent increase over sales of $2.34 billion the same period last year.

SEOAY

Stora Enso Q4 Adj. EPS $(0.86) Down From $(0.69) YoY, Sales $2.48B Up From $2.34B YoY

2025 guidance&nbsp;
• bp expects reported upstream&#x2A; production to be lower and underlying upstream production&#x2A; to be slightly lower compared with 2024. Within this, bp expects underlying production from oil production &amp; operations to be broadly flat and production from gas &amp; low carbon energy to be lower.&nbsp;
• In its customers business, bp expects growth in its customers businesses including a full year contribution from bp bioenergy and a higher contribution from TravelCenters of America in part supported by a partial recovery from the US freight recession. Earnings growth is expected to be supported by structural cost reduction. bp continues to expect fuels margins to remain sensitive to the cost of supply and earnings delivery to remain sensitive to the relative strength of the US dollar.&nbsp;
• In products, bp expects broadly flat refining margins relative to 2024 and stronger underlying performance underpinned by the absence of the plant-wide power outage at Whiting refinery, and improvement plans across the portfolio. bp expects similar levels of refinery turnaround activity, with phasing of turnaround activity in 2025 heavily weighted towards the first half, with the highest impact in the second quarter.&nbsp;
• bp expects other businesses &amp; corporate underlying annual charge to be around $1.0 billion for 2025. The charge may vary from quarter to quarter.&nbsp;
• bp expects the depreciation, depletion and amortization to be broadly flat compared with 2024.&nbsp;
• bp expects the underlying ETR&#x2A; for 2025 to be around 40% but it is sensitive to a range of factors, including the volatility of the price environment and its impact on the geographical mix of the group's profits and losses.&nbsp;
• bp expects divestment and other proceeds to be around $3 billion in 2025 weighted towards the second half. Having realized $22.0 billion of divestment and other proceeds since the second quarter of 2020, bp continues to expect to reach $25 billion of divestment and other proceeds between the second half of 2020 and 2025.&nbsp;
• bp expects Gulf of America settlement payments for the year to be around $1.2 billion pre-tax including $1.1 billion pre-tax to be paid during the second quarter.

Guidance

BP 2025 Guidance: Flat Oil Production, Lower Gas Output, Stable Refining Margins, And $3B In Asset Sales By Year-End

Prominent Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investors are weighing in on the increasingly competitive autonomous driving landscape as Chinese rivals BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Huawei advance their driver assistance systems, challenging Tesla&#8217;s vision-only approach.
What Happened: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, highlighted a key technical distinction in the autonomous driving race, noting on X that all major competitors &#8220;use LIDAR&#8221; technology, contrasting with Tesla&#8217;s camera-only system. 
His observation comes amid recent concerns about Tesla&#8217;s Full Self-Driving (FSD) system&#8217;s limitations, including its vulnerability to <a href="https://www.benzinga.com/markets/equities/25/01/43329365/a-day-after-elon-musk-hailed-teslas-unsupervised-fsd-ross-gerber-criticizes-ev-makers-autonomous-driving-system-doesnt-work-when-dust-or-ash-get-in-the-cameras">dust, ash, and sun glare</a>.
Gary Black, managing partner of The Future Fund LLC, suggests that autonomous driving is becoming &#8220;commoditized&#8221; rather than a winner-take-all market. &#8220;We own TSLA as the global EV leader as EV adoption soars, and we get upside from unsupervised autonomy and Optimus. But we don&#8217;t own TSLA because of any misplaced view it will take 100% share of ride sharing,&#8221; Black stated on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">All use LIDAR
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1888962659783217317?ref_src=twsrc%5Etfw">February 10, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/02/43613306/ios-1831-released-with-critical-security-fix-apple-confirms-usb-restricted-mode-vulnerability-was-actively-exploited">iOS 18.3.1 Released With Critical Security Fix: Apple Confirms USB Restricted Mode Vulnerability Was Actively Exploited</a>
Why It Matters: The debate intensifies as BYD introduces its &#8220;God&#8217;s Eye&#8221; advanced driver assistance system across its entire lineup, including its budget Seagull hatchback priced at approximately $9,600. 
Meanwhile, Huawei&#8217;s Qiankun ADS 3.2 system, demonstrated in recent reviews, has shown promising performance in complex urban environments, featuring HD map-free smart driving and omnidirectional collision avoidance capabilities.
Tesla CEO Elon Musk continues to defend the company&#8217;s vision-only approach, recently stating, &#8220;Obviously, humans drive without shooting lasers out of their eyes.&#8221; However, this stance faces scrutiny as the National Highway Traffic Safety Administration investigates 2.6 million Tesla vehicles <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">equipped with FSD technology</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/02/43613133/trumps-25-tarrifs-a-self-inflicted-wound-says-economist-amid-warnings-of-fewer-american-jobs-peter-schiff-says-youll-pay-more-for-cars-and-homes">Trump&#8217;s 25% Tariffs A &#8216;Self-Inflicted Wound,&#8217; Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You&#8217;ll Pay More For Cars And Homes </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

BYDDY

GOOGL

TSLA

UBER

BYD's 'God's Eye' And Huawei's Autonomous Driving Progress Spark Concerns For Tesla: Ross Gerber Points Out, 'All Use LIDAR'

1Q 2025 guidance&nbsp;
• Looking ahead, bp expects first quarter 2025 reported upstream&#x2A; production to be lower compared with the fourth-quarter 2024 primarily due to the already announced divestments in Egypt and Trinidad, which completed towards the end of the fourth quarter and base decline in both regions, totaling around 90 thousand barrels of oil equivalent per day.&nbsp;
• In its customers business, bp expects seasonally lower volumes compared to the fourth quarter.&nbsp;In addition, bp expects fuels margins to remain sensitive to movements in cost of supply and earnings delivery to remain sensitive to the relative strength of the US dollar.&nbsp;
• In products, bp expects realized refining margins to remain low in the first quarter. bp also expects a lower level of refinery turnaround activity compared to the fourth quarter 2024.

BP 1Q Guidance: Upstream Headwinds From Egypt And Trinidad Divestitures, Soft Refining Margins, And Seasonal Weakness In Customer Business To Weigh On Performance

BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.47 by 6.38 percent. This is a 58.88 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $45.752 billion which missed the analyst consensus estimate of $47.511 billion by 3.70 percent. This is a 12.25 percent decrease over sales of $52.141 billion the same period last year.

Earnings Misses

BP Q4 2024 Adj. EPS $0.44 Misses $0.47 Estimate, Sales $45.752B Miss $47.511B Estimate

Reflects the promise of the novel Factor XI inhibitor class of medicines to help prevent strokes and other conditions as well as Abelacimab's potential to provide superior safety
Culminates growth journey as part of Blackstone Life Science

Blackstone-Backed Anthos Therapeutics To Be Acquired By Novartis In $3.1B Deal, Advancing Factor XI Inhibitor Therapy

TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions.
The transaction will generate net proceeds of approximately C$20 billion after taxes and underwriting discount with C$15 billion in CET1 capital created or 247 bps of CET1 capital released.

SCHW

TD Bank Group Prices Sale Of 184.7M Schwab Shares At $79.25 Each, Unlocking C$20B In Proceeds And Launching Share Buyback Program

LILA

Reported Earlier, Liberty Latin America's C&W Completes $755M Senior Notes Issuance, Extending Debt Maturities Beyond 2032

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $6.93 per share which beat the analyst consensus estimate of $6.64 by 4.37 percent. This is a 0.86 percent decrease over earnings of $6.99 per share from the same period last year. The company reported quarterly sales of $258.179 million which missed the analyst consensus estimate of $261.559 million by 1.29 percent. This is a 3.56 percent increase over sales of $249.315 million the same period last year.

Earnings Beats

Danaos Q4 2024 Adj. EPS $6.93 Beats $6.64 Estimate, Sales $258.179M Miss $261.559M Estimate

Each unit consisting of one ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one ordinary share at $11.50 per share. The units are expected to trade on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "ATIIU" beginning February 11, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols "ATII" and "ATIIW," respectively.

IPOs

ATII

Reported Earlier, Archimedes Tech SPAC Partners II Co. Prices $200M Initial Public Offering Of 20M Units At $10/Unit

HLNE

Reported Earlier, Hamilton Lane Prices $252M Public Offering Of 1,572,536 Class A Common Stock

ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) <a href="https://www.benzinga.com/25/02/43592322/on-semiconductor-q4-earnings-q4-revenue-drops-15-weak-demand-in-auto-and-industrial-sectors-lower-utilization-hits-margins-ceo-warns-of-continued-challenges-in-2025">missed</a> street expectations in the fourth quarter, predicting a sluggish first quarter for its automotive segment as its shares tumbled over 8% after the earnings report on Monday.
What Happened: Lower global automotive demand combined with slower-than-expected adoption of electric vehicles impacted the fourth-quarter results of the semiconductor company that supplies custom devices for automotive players.
According to its president and CEO, &#8220;Entering the first quarter, we expect persisting volatility due to the geopolitical uncertainty across all geographies as our customer assess their manufacturing footprints and the impact of tariffs,&#8221; said Hassane El-Khoury during its earnings call.
The management said that the company will be monitoring the demand signals of EV adoption, given the uncertainty around &#8220;EV tax credits and slowing infrastructure deployment.&#8221;
While the 8% sequential growth in the fourth quarter was driven by China, the company expects it to decline by 25% or more in the first quarter owing to the early Chinese New Year in the month of January.
The company is working on its &#8216;Fab Right&#8217; strategy and reducing its operating expenditures via potential site closures, headcount reductions, and portfolio rationalization.
&#8220;The structural changes we plan on making will position us to react quickly and favorably to changing market conditions,&#8221; said company CFO Thad Trent.
The management expects a &#8220;meaningful impact&#8221; of opex reduction in the second quarter, and gross margin improvements by late in 2025.
See Also: <a href="https://www.benzinga.com/25/02/43587245/tariffs-are-the-only-way-to-fund-tax-cuts-without-deficit-expansion-argues-expert-as-it-takes-center-stage-in-donald-trumps-economic-plan" target="_blank" rel="noreferrer noopener">Tariffs Are ‘The Only Way' To Fund Tax Cuts Without ‘Deficit Expansion', Argues Expert As It Takes Center Stage In Donald Trump's Economic Plan</a>
Why It Matters: Its revenue declined by 15% year-on-year to $1.72 billion, missing the analyst consensus estimate of $1.76 billion, and its reported adjusted earnings of $0.95 per share missing the analyst consensus estimate of $0.97.
For the full year 2024, the revenue came in at $7.1 billion with a non-GAAP gross margin of 45.5% and a free cash flow of $1.2 billion.
In the first quarter, ON expects revenue in the range of $1.35-$1.45 billion and non-GAAP gross margin within 39-41%, with non-GAAP EPS at $0.45-$0.55.
&#8220;We believe electrification, AI data center and renewable energy are still the major growth drivers for our industry over the next decade, and we remain confident our technology and innovations in these markets will allow us to capitalize on those trends,&#8221; added CFO Trent.
Price Action: The shares fell by 8.21% to $47.04 apiece on Monday and slid by 0.09% in after-hours, whereas the exchange-traded fun tracking Nasdaq Composite index, Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) rose 0.92%.
ON shares have plunged 23.77% on a year-to-date basis, whereas it was down by 41.87% over the last one year.
The average price target among 30 <a href="https://www.benzinga.com/quote/ON/analyst-ratings">analysts tracked by Benzinga</a> is $81.43 with a ‘hold' rating. The estimates range from $52 to $110 apiece. Recent ratings from Needham, Jefferies, and Rosenblatt suggest a $72.33 target, implying a potential upside of 53.90%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/ON/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-1024x383.png" alt="" class="wp-image-775770" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR.png 1054w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Ju Jae-young On Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43586493/jpmorgan-bofa-equifax-honda-block-and-many-more-may-get-relief-after-cfpb-dissolution-as-director-vought-halts-activities-maryland-senator-says-will-ensure-the-body-continues-to-fight-for-consumers" target="_blank" rel="noreferrer noopener">JPMorgan, BofA, Equifax, And Others May Get Relief After CFPB Dissolution: Maryland Senator Says He Will Ensure It Continues To ‘Fight For Consumers'</a></li>
</ul>

Market Summary

Broad U.S. Equity ETFs

Analyst Ratings

ETFs

General

Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

Auto Slowdown Hits ON Semiconductor In Q4 — Q1 Outlook Also Dim: CEO Warns of 'Persisting Volatility Due To The Geopolitical Uncertainty'

<ul>
<li>a U.S. public offering of two series of US dollar denominated fixed-to-fixed rate subordinated notes with an aggregate principal amount of US$2.1 billion, consisting of US$1.1 billion of 7.0% fixed-to-fixed rate subordinated notes due 2055 and US$1.0 billion of 7.125% fixed-to-fixed rate subordinated notes due 2055 (collectively the "US Notes"), and</li>
<li>a Canadian private placement of $1.0 billion of 5.625% fixed-to-fixed rate subordinated notes due 2055 (the "Cdn Notes" and, together with the US Notes, the "Notes").</li>
</ul>

Reported Earlier, Rogers Communications Prices US$2.1B Public Offering And C$1B Private Placement Of Fixed-To-Fixed Rate Subordinated Notes

<ul>
<li>The net result for the first half of fiscal year 2025 registered a loss of ARS 64,391 million. This result is mainly explained by the loss due to changes in the fair value of IRSA investment properties.</li>
<li>The adjusted EBITDA for the period reached ARS 134,961 million, 15.3% lower than the same period in 2024. The agribusiness adjusted EBITDA was ARS 35,262 million and the Urban adjusted EBITDA (through IRSA), ARS 103,136 million.</li>
<li>The 2025 campaign is developing with historically low commodity prices, although a slight recovery was observed in the last quarter, reduced input costs, and favorable weather conditions in the region. We planted 303,000 hectares in the region, 9% more than the previous season.</li>
<li>In January 2025, the Argentine government announced a temporary reduction in crops tax exports until June 30, 2025, lowering soybean from 33% to 26% and wheat and corn from 12% to 9.5%. This had a positive impact on spot and future crop prices of approximately 5%.</li>
<li>During the first half of fiscal year 2025, we sold a fraction of Los Pozos farm in Argentina for USD 2.2 million and our subsidiary BrasilAgro sold a fraction of its Alto Taquari farm for BRL 189.4 million.</li>
<li>On November 2024, we distributed a cash dividend of ARS 45,000 million (dividend yield ~7%).</li>
</ul>

CRESY

Cresud SACIF 1H EPS ARS(103.27) Down From ARS181.95 YoY

China&#8217;s leading automaker, BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), is outpacing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the deployment of AI-powered driving technology in the Chinese market. The company has launched a new system specifically for budget vehicles.
What Happened: BYD has rolled out a new driving-assistance technology system, known as &#8220;Eyes of God&#8221; in Chinese, for its low-cost mass-market vehicles. This move comes as Tesla faces difficulties in launching its latest driver-assistance software in China due to regulatory hurdles, <a href="https://www.scmp.com/business/china-business/article/3298118/byd-add-autopilot-system-evs-gain-edge-amid-chinas-price-war">reported</a> the South China Morning Post. 
The Chinese automaker has partnered with DeepSeek to roll out driver-assist technology for its electric vehicles. This collaboration is aimed at leveraging DeepSeek&#8217;s AI capabilities to enhance BYD&#8217;s offerings
During a live-streamed launch event in China, late Monday, BYD's Founder and Chairman Wang Chuanfu stated that advanced smart driving will evolve into a standard safety feature, much like seatbelts and airbags.
BYD&#8217;s &#8220;Eyes of God&#8221; system will be integrated into all its models, including an electric compact hatchback priced at approximately $9,600, with the system included in the cost. 
Nomura analysts said, "BYD is changing its competition strategy from price cutting last year to functions' upgrade in 2025."
SEE ALSO: <a href="https://www.benzinga.com/25/02/43589901/the-potential-merger-of-chinese-carmakers-dongfeng-and-changan-likely-to-cast-a-shadow-on-tesla-rival-byd">Tesla&#8217;s Chinese Rival BYD May Lose Market Dominance As China&#8217;s Dongfeng And Changan Mull Merger: Report</a>
Why It Matters:&nbsp;The launch of BYD&#8217;s new system underscores the company&#8217;s strategic move to capitalize on the regulatory challenges faced by Tesla in China. Earlier this year, Tesla CEO Elon Musk blamed U.S. and Chinese regulations for the delay in the release of the company&#8217;s &#8220;Full-Self Driving&#8221; software. Despite Musk&#8217;s repeated claims that the software could be available in China by the end of 2024, it has not yet received approval from Beijing.
The successful deployment of the &#8220;Eyes of God&#8221; system in its mass-market vehicles signifies BYD&#8217;s commitment to making advanced driving technology accessible to a <a href="https://www.benzinga.com/markets/25/02/43527039/teslas-chinese-rival-byd-to-hire-20000-more-workers-in-zhengzhou-plans-major-expansion-to-meet-rising-ev-demand">broader consumer base</a>. This is in sharp contrast to Tesla&#8217;s plan to charge $8,000 for the installation of its &#8216;Full Self-Driving system&#8217; in the U.S., in addition to a $99 monthly subscription. The Elon Musk-led EV giant is likely to begin testing on the mainland later this year.
However, Brian Tycangco, an analyst at Stansberry Research, warned that the Chinese EV giant&#8217;s association with DeepSeek "increases the likelihood that BYD vehicles will face more difficulties entering Western markets like the U.S. due to national security reasons."
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/asia/25/02/43613949/tesla-supplier-catl-eyes-5-billion-hong-kong-listing-amid-us-sanctions-market-revival-report">Tesla Supplier CATL Eyes $5 Billion Hong Kong Listing Amid US Sanctions, Market Revival: Report</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.

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