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Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has confirmed the release of its much-anticipated Ballie <a href="https://www.benzinga.com/news/24/01/36678376/from-dogs-playing-piano-to-robots-in-your-shoes-and-tvs-you-can-see-through-tech-just-got-weirder-an">home robot</a>.
What Happened: Samsung confirmed to <a href="https://www.techradar.com/home/smart-home/samsungs-ballie-robot-companion-still-comes-in-yellow-but-has-more-ai-and-a-promised-2025-launch">outlets</a> like TechRadar that Ballie will be available in the first half of 2025. However, pricing details remain undisclosed.
The round yellow home robot has once again made an appearance at CES this year. Ballie has been showcased in previous CES events too, but this year marks the first time Samsung has given any update on the release.
Samsung 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.
During the event, Ballie demonstrated its capabilities by projecting information about a nearby attraction, the Sphere, onto a wall.
It also showcased its ability to play movies, such as Sony&#8217;s Uncharted, and adjust the projection size based on available space. The robot&#8217;s built-in speakers were noted for their loudness, though the image brightness was less impressive, <a href="https://www.theverge.com/2025/1/6/24337478/samsung-ballie-robot-release-date-features-2025">according</a> to The Verge.
Ballie also displayed its visual AI capabilities by identifying wine pairings and responding to queries quickly. Communication with Ballie is primarily through voice, and it can control smart home devices.
Why It Matters: The journey of Samsung&#8217;s Ballie robot has been a long one, with its initial concept introduced back in 2020. Initially, Ballie was a small, tennis ball-sized device, envisioned as a &#8220;fitness assistant&#8221; with smart home control capabilities.
Over the years, it has evolved into a larger, bowling ball-sized robot equipped with advanced features like a built-in projector and LiDAR sensor for obstacle detection.
The robot was expected to launch in 2024, but the timeline shifted to 2025.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next: <a href="https://www.benzinga.com/25/01/42780776/is-apple-ready-for-a-new-challenge-chinas-smartphone-subsidies-aim-to-boost-domestic-demand-giving-companies-like-huawei-the-upper-hand?itm_source=parsely-api">Apple Rival Huawei, Alibaba, And Others Get Boost As China Doles Out Subsidies To Smartphone Buyers</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Tech

Media

SSNLF

Samsung's Ballie Is Finally Coming In 2025: Will This Round Home Robot Live Up To The Hype?

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Building Approvals (MoM) For November -3.6% Vs. -0.9% Est.; 5.2% (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction Preliminary 1.140% Vs. 1.084% Prior

Reported Earlier, U.K. BRC Retail Sales Monitor (YoY) For December 3.1% Vs. -0.2% Est.; -3.4% Prior

Legendary trader Peter Brandt predicted a possible $500 billion market cap for payments-focused cryptocurrency XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) on Monday if certain trading patterns come to fruition.
What Happened: Brandt, a seasoned technical analyst with nearly 50 years of experience, highlighted the significance of XRP&#8217;s &#8216;half mast flag&#8217; trading pattern in an X post.
&#8220;Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion,&#8221; Brandt said.
He cautioned that if the pattern is not completed in this timeframe, it could morph into &#8220;something else,&#8221; hinting at an uncertain outcome.
&#8220;But if it completes, then a market cap of $500 billion is possible,&#8221; the veteran trader predicted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible <a href="https://t.co/c7BHqnQFkP">pic.twitter.com/c7BHqnQFkP</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1876409091507032513?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
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A half-mast flag is a price pattern in which a sharp price movement, whether rise or dip, is followed by a sideways movement. In the instance of XRP, the coin has increased nearly fivefold in the last two months, and by more than 18% in the last week.
If conditions laid out by Brandt are met, it would mean a 262% surge from XRP&#8217;s current market capitalization of $138 billion.
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 $250K Without Michael Saylor</a>
Why It Matters: Brandt, a long-time XRP critic, has acknowledged the bullish indications in XRP&#8217;s trajectory in recent weeks, even referring to its chart <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42407693/legendary-traders-bullish-pivot-peter-brandt-calls-xrps-chart-as-the-most-powerful-after-a-slew-of-bearish-takes">as the &#8220;most powerful.</a>&#8220;
Leading cryptocurrency analyst Ali Martinez joined the bullish bandwagon, predicting a 470% surge for XRP. The optimistic target was set after the supertrend indicator, a popular technical analysis tool, flashed a &#8220;Buy&#8221; signal.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The last time the SuperTrend indicator flipped bullish on the 12-hour chart, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> went up 470%&#8230; It just flipped bullish again. &#x1f440; <a href="https://t.co/tqj40dO9nV">pic.twitter.com/tqj40dO9nV</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1876337185533862032?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
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XRP has reaped the benefits of Donald Trump&#8217;s election victory-fueled rally, leading the coin to finish 2024 on a high.
Brad Garlinghouse, CEO of Ripple Labs, a company that uses XRP for its operations, said that the company&#8217;s hiring and business deals <a href="https://www.benzinga.com/25/01/42808375/ripple-ceo-celebrates-trumps-impact-on-crypto-industry-says-34th-of-companys-new-hires-us-based">have become U.S.-centric</a> following Trump&#8217;s win.
He revealed that 75% of open roles are now based in the U.S., a stark contrast to the previous four years. 
Price Action: At the time of writing, XRP was exchanging hands at $2.41, down 0.25% 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>. 
Read Next:&nbsp;
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<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>
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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Markets

$XRP

XRP Market Value Could Skyrocket 5X If This Trading Pattern Completes, Says Veteran Trader Peter Brandt

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has climbed to become the third-largest holding at The Future Fund LLC, behind NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), managing partner Gary Black announced Monday on X.
What Happened: The position shift comes after Tesla&#8217;s recent challenges, including a <a href="https://www.benzinga.com/25/01/42779846/tesla-stock-slides-as-jim-cramer-wall-street-react-to-first-ever-annual-sales-drop">fourth-quarter delivery miss</a> of 495,570 vehicles against analyst expectations of 506,763, marking the company&#8217;s first annual sales decline.
Black, who faced criticism from Tesla <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">bulls for trimming the position</a> at $351 in late 2024, has maintained a disciplined investment approach. &#8220;That&#8217;s what professional investors do – buy low, sell high,&#8221; Black stated on Nov. 25, noting his fund&#8217;s average purchase price of $162 and selling price of $252 since early 2023.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> remains our #3 position after <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> and <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a>. <a href="https://t.co/TqyF5xvztK">pic.twitter.com/TqyF5xvztK</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1876320234153627797?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
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The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) began reducing its Tesla exposure in the fourth quarter of 2022 when it represented 12.2% of the portfolio, following Tesla&#8217;s 20% EV price cuts. The position recently stood at 5.07% with 834 shares valued at $342,306, according to the fund&#8217;s Jan. 6 holdings update.
See Also: <a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Unveils &#8216;Next Generation&#8217; AI Processors, Gaming Gear Ahead Of CES 2025</a>
Why It Matters: Looking ahead, Black maintains a $380 price target for Tesla, citing potential catalysts including a new $25,000-$30,000 vehicle launch in early 2025. However, he warns about risks such as the possible elimination of the $7,500 EV tax credit, noting significant sales declines in European markets after <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">similar credit removals</a>.
The repositioning occurs amid intense debate over Tesla&#8217;s future, with analysts divided on the company&#8217;s autonomous driving and robotics ambitions. While some analysts project an optimistic $2 trillion valuation by 2025, critics like GLJ Research CEO Gordon Johnson remain skeptical, particularly regarding <a href="https://www.benzinga.com/25/01/42779846/tesla-stock-slides-as-jim-cramer-wall-street-react-to-first-ever-annual-sales-drop">Tesla&#8217;s robotics program</a>.
Tesla&#8217;s stock, despite recent volatility, maintained approximately 62% gains through 2024, even as it underperformed the NASDAQ 100 index by 32 percentage points over the <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">previous three years</a>.
Price Action: Tesla&#8217;s stock closed at $411.05 on Monday, gaining 0.15% for the day. In after-hours trading, the stock dipped slightly by 0.13%. Over the past year, Tesla&#8217;s stock has seen a significant increase of 70.95%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/42835543/bitcoin-regains-102k-ethereum-dogecoin-rally-as-corporate-btc-adoption-strengthens-heres-why-this-analyst-believes-the-ongoing-run-is-different-from-past-cycles">Bitcoin Makes Its Move Over $100K, Ethereum, Dogecoin Rally As Corporate BTC Adoption Strengthens: Analyst Says Ongoing BTC Run Different From Past Cycles</a></li>
</ul>
Image via Wikimedia Commons
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

FFND

GOOG

GOOGL

NVDA

TSLA

Gary Black's The Future Fund Lists Tesla As 3rd-Largest Holding, Behind Nvidia And Alphabet, Despite Delivery Miss

Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has sent out invitations for its much-anticipated Galaxy Unpacked event.
What Happened: On Monday, Samsung announced its Unpacked event, set for Wednesday, Jan. 22, 2025, in San Jose. The event will showcase the new Galaxy S25 series and advancements in Galaxy AI.
When And How To Watch: The event will begin at 10 a.m. PT and will be available for live streaming on Samsung.com, Samsung Newsroom, and Samsung&#8217;s YouTube channel.
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<iframe loading="lazy" title="[Invitation] Galaxy Unpacked January 2025: The Next Big Leap in Mobile AI Experiences" width="500" height="281" src="https://www.youtube.com/embed/hEMiHEeLwGQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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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.
Pre-Orders Offers: In preparation for the event, Samsung is offering a $50 credit for preorders of the latest Galaxy device. Customers can also receive up to $900 in trade-in credit and an additional $300 instant credit by reserving and preordering. These offers are now live and valid until Jan. 22.
Why It Matters: The <a href="https://www.benzinga.com/24/12/42545936/samsung-galaxy-s25-ultra-and-s25-leaks-show-off-sleek-curved-design-and-slimmer-bezels-than-apples-iphone-16-pro-max">leaked images</a> of the Galaxy S25 Ultra and S25+ have already generated buzz, showcasing a sleek curved design and thinner bezels compared to Apple&#8217;s iPhone 16 Pro Max.&nbsp;
The Galaxy S25 is also expected to run on One UI 7.
Samsung is likely to maintain its traditional pricing strategy, with an entry-level model expected to start around $799. While the company has consistently adhered to this price point, the latest reports indicate that rising production costs, driven by more expensive components, could lead to potential price increases.
Samsung Galaxy S25 Ultra, along with the Galaxy S25 and Galaxy S25+, will officially hit the market on Friday, Feb. 7, following the conclusion of the pre-order period, <a href="https://www.forbes.com/sites/ewanspence/2025/01/06/samsung-galaxy-s25-ultra-preorder-launch-date-new-galaxy-release/">reported</a> Forbes.
Photo courtesy: Samsung
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:
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42827345/nvidia-soars-amd-stalls-ai-race-heats-up-at-ces-2025">Nvidia Soars, AMD Stalls: AI Race Heats Up At CES 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Samsung Unpacked 2025: Everything You Need To Know About The Event Featuring The Latest Galaxy S25 Series

Bettors on the federally authorized betting platform Kalshi predicted a 21% chance of Donald Trump buying Greenland, amid the President-elect&#8217;s controversial effort to acquire the autonomous Danish region.&nbsp;
What happened: A new betting <a href="https://kalshi.com/markets/kxgreenland/greenland-purchase?state=%7B%22request_mfa%22:%22false%22,%22security_token%22:%22o77qn32auw8uj5wbk4aix%22,%22utm_landing%22:%22/%22%7D&amp;code=4/0AanRRruPrPT3sAdnd0J3qrU7qA7NFG1aLqHMhxGSztBYaTN-0ufmUYe1Ff4jOZMSHUTyAg&amp;scope=email%20profile%20openid%20https://www.googleapis.com/auth/userinfo.email%20https://www.googleapis.com/auth/userinfo.profile&amp;authuser=0&amp;hd=benzinga.com&amp;prompt=none">contract </a>titled &#8220;Will Trump buy Greenland?&#8221; went live on Dec. 21, with odds in favor of such an occurrence shooting to 21% as of this writing. The odds hit an all-time high of 23.5% on Jan. 5.
The market will resolve to &#8220;Yes&#8221; if the U.S. purchases at least part of Greenland from Denmark before Jan. 20, 2029, the contract stated. About $123,301 has been wagered on the bet at the time of writing.
A similar <a href="https://polymarket.com/event/will-the-us-acquire-greenland-before-july">bet </a>was live on the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based prediction platform, Polymarket, with significantly lower 4% odds in favor.&nbsp; Over $177,000 has been put on the line for the bet.
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.&nbsp;
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 betting market develops amid Trump's <a href="https://www.benzinga.com/24/12/42679581/trump-effect-denmark-boosts-greenlands-defense-budget-amid-president-elects-renewed-acquisition-interest">renewed interest</a> in acquiring the Arctic territory.&nbsp;
Donald Trump Jr., Trump's eldest son, is expected to visit Greenland on Tuesday, <a href="https://www.reuters.com/world/trump-jr-plans-greenland-visit-fathers-interest-resurfaces-2025-01-06/">according </a>to a Reuters report.
Greenland is strategically important to the U.S. because it is located on the fastest route from North America to Europe and has considerable mineral deposits.
However, Greenland Prime Minister Mute Egede has proclaimed, "We are not for sale," in response to Trump&#8217;s bid.
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>

Politics

$POL

Trump's Greenland Gambit: Kalshi Bettors See 21% Chance He'll Seal The Deal Before This Date

Vitalik Buterin, co-founder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), sold meme coins gifted to him by project creators on Monday and allocated the proceeds toward his biotechnology charity Kanro.
What Happened: Buterin swapped notable coins like Neiro (NEIRO), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)-inspired ESTEE, Marvin Inu (MARVIN), and several others for over $940,000 in stablecoin USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), according to on-chain tracking platform Spot On Chain.
Out of this, about 916,000 USDC was sent to a wallet belonging to his philanthropic fund, Kanro, established to address COVID-19 and other pandemic-related challenges.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Vitalik Buterin (<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a>) sold several of his free <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#memecoins</a> for $940.9K in <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> today! Notable sales include: • 70M <a href="https://twitter.com/search?q=%24NEIRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEIRO</a> → 74.1K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> • 63.1M <a href="https://twitter.com/search?q=%24ESTEE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ESTEE</a> → 69.8K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> • 46.5M <a href="https://twitter.com/search?q=%24MARVIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MARVIN</a> → 69.2K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> • 500.2K <a href="https://twitter.com/search?q=%24EBULL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$EBULL</a> → 67.6K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> • 100K <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> → 61.5K… <a href="https://t.co/VDWXID2xtG">pic.twitter.com/VDWXID2xtG</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1876262852031578522?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
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</figure>
The biggest liquidation was that of NEIRO, a dog-themed meme coin inspired by the sister of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) mascot Kabosu. About 70 million NEIRO tokens, worth over $74,000, were offloaded. 
The sale caused the token&#8217;s price to plummet by over 3% in the last 24 hours. In contrast, ESTEE and MARVIN gained 28.66% and 14.50%, respectively, in the last 24 hours, <a href="https://coinmarketcap.com/currencies/estee/">according</a> to CoinMarketCap.
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/markets/cryptocurrency/25/01/42827796/maga-meme-coin-surges-20-boosting-donald-trumps-crypto-portfolio-11-9m">MAGA Meme Coin Surges 20%, Boosting Donald Trump&#8217;s Crypto Portfolio $11.9M</a>
Why It Matters: Buterin&#8217;s charitable inclinations are also well documented. In December, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42696957/all-vitalik-buterin-wanted-for-xmas-was-a-hippopotamus-ethereum-co-founder-is-now-the-adoptive-father-of-viral-sensation-moo-deng">adopted the viral baby hippo</a> named Moo Deng, setting aside 88 Ethereum for the animal&#8217;s welfare and her family. He also <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22190225/ethereum-co-founder-donated-1b-shiba-inu-to-aid-india-in-covid-19-battle-money-reaching-th">donated  billions of dollars worth of Shiba Inu</a> for COVID-19 relief in India
The cryptocurrency mogul has <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40422601/dogecoin-shiba-inu-fall-as-ethereum-co-founder-vitalik-buterin-donates-over-500k-worth-of-">frequently asked projects not to send him unsolicited meme tokens</a>, a tried-and-tested strategy employed by nascent projects to pique investors' attention by leveraging on his brand value. Instead, he urged them to allocate the holdings to charities directly..
Price Action: At the time of writing, Ethereum was exchanging hands at $3,685.58, up 0.55% 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;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42828238/gemini-resolves-cftc-lawsuit-with-5m-settlement-over-bitcoin-futures-misstatements">Gemini Resolves CFTC Lawsuit With $5M Settlement Over Bitcoin Futures Misstatements</a></li>
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$DOGE

$ETH

$SHIB

$USDC

Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin's Sister Coin NEIRO Plunges 3% After Sale

On Monday evening, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang delivered the keynote at CES 2025. 
What Happened: The keynote was live-streamed from Mandalay Bay Michelob ULTRA Arena in Las Vegas, Nevada. The venue typically accommodates 12,000 people, but Nvidia reportedly intended to pack in up to 14,000 by using the arena&#8217;s center space.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: NVIDIA CEO Jensen Huang Keynote Speech at CES 2025" width="500" height="281" src="https://www.youtube.com/embed/UGAT_MK0R6g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Nvidia CEO Huang walked up on the stage clad in a trademark leather jacket, which this time was a bit shiny. He asked the crowd if they liked his crocodile pattern jacket. "Let it sink in," he said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822846/nvidia-5000-series-product-updates-make-it-top-semiconductor-pick-ahead-of-jensen-huangs-ces-keynote-analyst">Nvidia 5000 Series, Product Updates Make It Top Semiconductor Pick Ahead Of Jensen Huang&#8217;s CES Keynote: Analyst</a>
At the beginning of the event, Huang showcased Nvidia's RTX Blackwell GPUs with a real-time rendering demo, highlighting new features like RTX Neural Materials, RTX Neural Faces, text-to-animation, and DLSS 4.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The GeForce RTX 5090 is the most powerful GeForce GPU ever made, bringing game-changing capabilities to gamers and creators. The RTX 5090 will be available starting January 30. <a href="https://t.co/ddDMbs36Fg">pic.twitter.com/ddDMbs36Fg</a>
&mdash; NVIDIA GeForce (@NVIDIAGeForce) <a href="https://twitter.com/NVIDIAGeForce/status/1876473866559554041?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The keynote&#8217;s highlight was the introduction of the latest GeForce RTX 5000 Graphic cards series, which include the $1,999 RTX 5090, $999 RTX 5080, $749 RTX 5070 Ti, and $549 RTX 5070.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc5Z4UsyiwBRKN1Xos6-01vtbZBBkBr23h58yTNBrloHcmCHgcAag5EObCmdi7vvCvSwkf3QuKa7ZaRGuRTMxr1qfc3OeSG3varkguglJePaaqeTtn5yFwZqoucSS15ZvjTc_Z7TA?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt="" /><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>
Nvidia will release the RTX 5090 and RTX 5080 GPUs on January 30, with the RTX 5070 Ti and RTX 5070 launching shortly after. They will feature a redesigned Founders Edition with two double flow-through fans, a 3D vapor chamber, and GDDR7 memory.
The RTX 5090 Founders Edition is a two-slot GPU designed to fit into compact PC builds. It comes with 32GB of GDDR7 memory, a memory bandwidth of 1,792GB/sec, and an impressive 21,760 CUDA cores.&nbsp;
According to Nvidia, this GPU will be twice as fast as the RTX 4090, thanks to the advancements of DLSS 4 and the Blackwell architecture.
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.
Huang also introduced its RTX 50-series to laptops, with the $2,899 RTX 5090 laptop GPU featuring 24GB of GDDR7 memory at launch. The $2,199 RTX 5080 laptop GPU will include 16GB of GDDR7 memory, the $1,599 RTX 5070 Ti will have 12GB, and the $1,299 RTX 5070 will come with 8GB of GDDR7 memory.
These RTX 50-series laptops will be available starting in March from various PC manufacturers.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe9UwrKbpwYQAvXm20QMDFPeXgTtvI47g50v_jNWOWbBreTgWNjEQdLn1Qh1c4ha1W8nRdOH5wdK2-V7rso-pAYvMHpaD0JrTzx__INz1Ylecodd0IGNXY2T4w0y-c-ycRTAJYcBg?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt="" /><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>
Huang also unveiled the Grace Blackwell NVLink 72, which boasts 72 Blackwell GPUs, 2,592 Grace CPU cores, and 130 trillion transistors.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd084fq38ty-gye28ku6F8yIPoqYV_yLCCmvr_yX44zuGvDqpSDdylUmuqeRshlXE_vFWMIOoZGTleKb5-tv8ObL4UkIApWNQ5N7THAFubacdDwxBo23nrivzgIKJVA8NZxy-Ko?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt="" /></figure>
Source: Nvidia/YouTube
This system, offering four times the performance per watt, will play a crucial role in powering Agentic AIs that use test-time scaling for real-time reasoning and decision-making.
In a light moment during the keynote, Huang tried to embody his inner Captain America and re-created the iconic moment from "Avengers Endgame," and laughed saying, "I thought I was worthy."
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfv6XjdbJR6PB0_zfMSC4dvU3gMUlJhyR3z5FrPiLPulXcJklHjLcmxJA02ZraQB7JYQWPhS6Wt__SHBWdMGV9F-LeRYgJVvj79EPanBTeBN8gWApRI40GfRw6MR5XlE_2tGvBPEA?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt="" /><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>
Price Action: Nvidia&#8217;s stock climbed 3.43% on Monday, ending the day at $149.43. In after-hours trading, it gained an additional 0.57%, reaching $150.28, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Image Via Shutterstock
Read Next:
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Jensen Huang Unveils Monster GPUs: Nvidia's RTX 5000 Series Starting At $549

Morgan Stanley initiated coverage of Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) with an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underweight-rating-to-pltr-stock-after-379-gain-in-a-year">underweight rating and $60 price target</a> on Monday, prompting CNBC&#8217;s Jim Cramer to predict a late-day buying surge in response.
What Happened: &#8220;Unless another analyst starts with a sell, I think we will see the buying in Palantir starting at around 3:30 [a.m.],&#8221; Cramer wrote on X, formerly Twitter.
Pre-market trading on Nasdaq generally takes place from 4:00 AM to 9:30 AM Eastern Time.
<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">Unless another analyst starts with a sell i think we will see the buying in Palantir starting at around 3:30 a.,. tonight
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1876422543655223325?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Morgan Stanley rating comes as analyst Sanjit Singh takes over coverage following the firm&#8217;s temporary rating suspension in November. Despite acknowledging Palantir&#8217;s strong performance in U.S. commercial and government sectors, Singh expressed concerns about the stock&#8217;s valuation after its 350% gain in 2024.
&#8220;To put it bluntly, if executive management teams and decision makers want to get their AI initiative into live production environment rapidly, Palantir has emerged as one the select few partners to call,&#8221; Singh noted while pointing out that the stock trades at an 80% premium compared to high-growth software peers.
The data analytics company, led by CEO Alex Karp, has seen its shares surge nearly 350% last year, closing at $75.92 on Monday. However, current analyst price targets range widely, from UBS&#8217; $80 to Wolfe Research&#8217;s $7.5, according to <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">data from Benzinga Pro</a>.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06211220/Screenshot-2025-01-07-at-7.41.24%E2%80%AFAM-1024x380.png" alt="" class="wp-image-720853" style="width:575px;height:auto" /></figure>
See Also: <a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Unveils &#8216;Next Generation&#8217; AI Processors, Gaming Gear Ahead Of CES 2025</a>
Why It Matters: The divergent views on Palantir&#8217;s valuation come amid growing <a href="https://www.benzinga.com/markets/equities/25/01/42806417/jim-cramer-works-sunday-brainstorm-on-buying-palantir-and-tesla-stock-calls-them-protective-intellectual-blankets">interest from prominent investors</a>. Recently, Cramer described the company as a &#8220;protective intellectual blanket&#8221; for his investing club portfolio, highlighting its appeal in the artificial intelligence sector.
The stock&#8217;s remarkable run has been supported by strong investor sentiment and <a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024">notable endorsements</a>, including billionaire Stanley Druckenmiller&#8216;s praise for Karp&#8217;s book, &#8220;The Technological Republic.&#8221; 
However, Morgan Stanley&#8217;s analysis suggests that while revenue estimates for 2025 have increased by only 10%, the stock&#8217;s rise has been primarily <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underweight-rating-to-pltr-stock-after-379-gain-in-a-year">driven by multiple expansions</a>.
Price Action: Palantir stock closed at $75.92 on Monday, down 4.97%. In after-hours trading, the stock dropped slightly by 0.24%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
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<li><a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">Warren Buffett Beats S&amp;P 500 In 2024, How Oracle Of Omaha&#8217;s Returns Compare Over Past 20 Years</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

Jim Cramer Predicts Palantir Buying Surge Tonight After Morgan Stanley's Underweight Rating: 'Unless Another Analyst Starts With A Sell...'

Leading cryptocurrencies jumped on Monday, driven by corporate Bitcoin purchases and a fresh bullish price prediction for 2025.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.92%</td>
<td>$102,256.53</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.44%</td>
<td>$3,684.22</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.56%</td>
<td>$0.3899</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin soared above $100,000 for the first time since Dec. 19, ending weeks of choppy price action just below the key level.
The rally was bolstered by MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Metaplanet, popularly referred to as "Asia's MicroStrategy," as both companies <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42814054/microstrategy-extends-bitcoin-buying-streak-metaplanet-aims-for-10000-btc-war-chest">acquired more Bitcoin</a> for their reserves.
Additionally, Bernstein <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42810885/bitcoin-to-200000-as-crypto-enters-infinity-age-in-2025-bernstein-predicts">painted a $200,000 target</a> for Bitcoin by the end of 2025, contributing to the rally.
Ethereum broke out above $3,600, reaching $3,739 for the first time in over two weeks.&nbsp;
More than $221 million was liquidated from the cryptocurrency market in the last 24 hours, with $133 million in downside bets getting wiped out.
That said, more than $1 billion in long positions risked liquidation if Bitcoin fell to $97,720.
Bitcoin's Open Interest soared 16.52% in the last 24 hours, indicating massive speculative interest for the apex cryptocurrency.
The "Extreme Greed" sentiment took over the market, according to the Crypto Fear &amp; Greed Index, raising fears of a potential correction.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>The Sandbox (SAND)</td>
<td>+8.88%</td>
<td>$0.6958</td>
</tr>
<tr>
<td>Worldcoin (WLD)</td>
<td>+8.53%</td>
<td>$2.61</td>
</tr>
<tr>
<td>Pudgy Penguins (PENJU)</td>
<td>+7.51%</td>
<td>$0.04315</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.59 trillion, following a rise of 2.64% in the last 24 hours.
Tech stocks rallied on Monday. The Nasdaq Composite spiked 1.24% to close at 19,864.98. The S&amp;P 500 also closed in the green, ending 0.55% higher at 5,975.38. However, the Dow Jones Industrial Average closed the session at a minor loss of 0.06%.
Artificial intelligence behemoth NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) contributed to the tech rally, surging 3.43% to $149.43, driven by investor anticipation surrounding CEO Jensen Huang‘s <a href="https://www.benzinga.com/pre-market-outlook/25/01/42813341/nvidia-jumps-up-in-pre-market-on-monday-ahead-of-jensen-huangs-keynote-at-ces-la">keynote at the CES trade show</a> in Las Vegas.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital stated that Bitcoin needs a daily close above $101,165 for the bias to turn bullish and break out from the daily range.
<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"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is mere hours away from positioning itself for a bullish Daily Candle Close and breakout from this Daily range Needs a Daily Close above $101,165 (black)<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/wrIB3i3n1g">https://t.co/wrIB3i3n1g</a> <a href="https://t.co/bC4IL4bnqK">pic.twitter.com/bC4IL4bnqK</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1876386068288729171?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed cryptocurrency market commentator, Miles Deutscher, highlighted that retail demand for Bitcoin was nearing historic lows, despite a run above $100,000.
"This run is being driven by institutions/ETFs/nation states. For this reason, you can&#8217;t really compare this cycle to past cycles," Deutscher added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> on-chain retail demand is nosediving to historic lows, despite BTC pushing $100k. This run is being driven by institutions/ETFs/nation states. For this reason, you can&#39;t really compare this cycle to past cycles. <a href="https://t.co/S5tKFDuBX9">pic.twitter.com/S5tKFDuBX9</a>
&mdash; Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1876207088973849056?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Low retail interest in Bitcoin could also suggest that the cryptocurrency cycle was still in its early stages.
Image via Shutterstock
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Bitcoin Makes Its Move Over $100K, Ethereum, Dogecoin Rally As Corporate BTC Adoption Strengthens: Analyst Says Ongoing BTC Run Different From Past Cycles

On Monday, Cathie Wood-led Ark Invest made notable trades involving Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>). and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The Palantir Trade
Ark Invest executed a significant sale of Palantir Technologies Inc. shares across multiple ETFs, including Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). The total shares sold amounted to 196,728. The trade was worth $14.93 million. This move comes amid a backdrop of mixed analyst ratings for Palantir. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underw">Morgan Stanley</a> <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underw">assigned an &#8216;underweight&#8217; rating to Palantir</a>, setting a price target of $60, following a 379% gain over the past year. The stock closed at $75.92 on Monday, reflecting a 4.97% decline.
Despite its strong performance in U.S. commercial and government sectors, Palantir&#8217;s valuation has been a point of contention among analysts. On Sunday, CNBC host Jim Cramer indicated <a href="https://www.benzinga.com/markets/equities/25/01/42806417/jim-cramer-works-sunday-brainstorm-on-buying-palantir-and-tesla-stock-calls-them-protective-intellectual-blankets">interest in purchasing</a> Palantir shares for his investing club portfolio.
Palantir stock has shot up over 355% over an one-year period but is down 0.4% since 2025 began.
The Amazon Trade
In contrast, Ark Invest increased its position in&nbsp;Amazon.com Inc.&nbsp;by acquiring 39,288 shares through ARKF and ARKW. The total value of this purchase was approximately $8.94 million, based on Monday&#8217;s closing price of $227.61. This move aligns with Ark&#8217;s previous strategy of bolstering its Amazon holdings, as seen in&nbsp;<a href="https://www.benzinga.com/24/12/42664623/cathie-wood-led-ark-invests-monday-moves-dumps-tesla-palantir-stock-adds-amazon">recent trades</a>.
Amazon&#8217;s stock has been buoyed by positive analyst sentiment, with some forecasts predicting a <a href="https://www.benzinga.com/24/12/42412458/amazon-to-rally-around-15-here-are-10-top-analyst-forecasts-for-tuesday">potential 15% rally.</a>
Other Key Trades:
<ul>
<li>Ark sold 3,769 shares of Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) from its ARKF fund. The transaction was valued at nearly $1.08 million.</li>
<li>Sold shares of Archer Aviation Inc. from ARKK.Bought shares of Illumina Inc. across ARKG and ARKK.Acquired shares of Pacific Biosciences of California Inc. through ARKG and ARKK.Purchased shares of GitLab Inc. via ARKK and ARKW.</li>
</ul>
Image via Flickr
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

AMZN

ARKF

ARKK

ARKW

COIN

Cathie Wood's Monday Moves: Dumps $15M Worth Of Hot Stock Palantir, Loads Up Amazon.com

Nippon Steel Corp.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) lawsuit challenging President Joe Biden&#8216;s block of its $14.9 billion acquisition of US Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) faces steep legal hurdles but could buy time for <a href="https://www.benzinga.com/markets/equities/25/01/42806543/cleveland-cliffs-ceo-predicted-bidens-block-149b-nippon-steel-us-steel-deal-months-before-action">alternative deal structures</a>, legal experts say.
The Japanese steelmaker filed suit Monday claiming Biden violated constitutional due process rights by <a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger">prejudging the deal</a> through the Committee on Foreign Investment in the United States review. 
The companies allege Biden&#8217;s March opposition aimed to secure union support in Pennsylvania before leaving the ticket.
While courts typically defer to executive branch national security decisions, the lawsuit could extend negotiations beyond the current 30-day unwinding period through Jun. 18, when regulatory approvals expire, reported Reuters. This extension might prove crucial as former President Donald Trump, who initially opposed the deal, could take office in 2025.
&#8220;The lawsuit will give them more time to negotiate with the new administration or find alternatives that are acceptable,&#8221; said Nick Klein, national security lawyer at DLA Piper, though he called the legal challenge &#8220;an uphill battle.&#8221; 
The White House denies allegations of political motivation in blocking the merger. 
Price Action: United States Steel stock closed at $32.95 on Monday, up 8.17% for the day. In after-hours trading, the stock gained an additional 0.58%. Over the past year, the stock has declined by 32.05%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. Nippon Steel stock is currently trading at JPY 3,106, down 1.65% at the time of writing. Over the past year, it has dropped 6.98%.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NPSCY

Nippon Steel's Lawsuit Against Biden Administration May Extend US Steel Deal Timeline

McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is rolling back several diversity initiatives at its corporate level, including retiring its 35% diversity leadership goal and removing supplier <a href="https://www.benzinga.com/topic/diversity">diversity, equity, and inclusion requirements</a>, the company announced in an employee letter on Monday.
The fast-food giant will rebrand its diversity team as the &#8220;Global Inclusion Team&#8221; and pause participation in external DEI surveys. The company noted it had achieved 30% representation from underrepresented groups in U.S. leadership positions, though falling short of its original 2025 target of 35%, reported Reuters.
The policy shift follows similar moves by other major corporations, including Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), and Tractor Supply Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), amid growing pressure from conservative activists. The changes come in response to what McDonald&#8217;s termed a &#8220;shifting legal landscape,&#8221; likely referring to the Supreme Court&#8217;s June 2023 decision striking down affirmative action in college admissions.
Conservative activist Robby Starbuck had recently questioned McDonald&#8217;s DEI practices, continuing a pattern where companies have modified their diversity programs following his criticism. Despite the changes, McDonald&#8217;s remains committed to inclusion practices within its operations.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSCO

McDonald's Ditches DEI Initiatives Amid Pressure From Conservative Activists, Cites 'Shifting Legal Landscape'

The U.S. stock market saw an upward trend today, with significant gains across the S&amp;P 500 and the Nasdaq. The tech-heavy Nasdaq Composite climbed over 240 points, marking a 1.2% increase to close at 19,864.98. The S&amp;P 500 also experienced a rise, gaining 0.55% to end at 5,975.38. Meanwhile, the Dow Jones Industrial Average declined slightly by 0.06% to 42,706.56. 
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta&#8217;s stock surged by 4.23%, closing at $630.20. The stock reached an intraday high of $630.99 and a low of $605.62, with a 52-week range of $352.05 to $638.40. The rise comes as UFC CEO  Dana White <a href="https://www.benzinga.com/general/social-media/25/01/42833727/dana-white-wanted-elon-musk-mark-zuckerberg-in-cage-fight-now-hes-on-metas-board-of-directors">joined Meta&#8217;s board of directors</a>. Previously, White had attempted to organize a charity cage fight between Elon Musk and Mark Zuckerberg.
Trump Media &amp; Technology Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NYSE">DJT</a>)
Trump Media&#8217;s shares rose by 4.48%, closing at $36.17. The stock hit an intraday high of $36.70 and a low of $35.08, with a 52-week range of $22.55 to $79.38. The increase follows news of the <a href="https://www.benzinga.com/news/25/01/42832156/trump-confirmed-as-president-by-vp-harris-as-former-vp-mike-pence-breathes-easy-this-jan-6">confirmation</a> of Donald Trump by Congress on Monday. His principal rival during the election, Kamala Harris, presided over the congressional session.
FuboTV Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>)
FuboTV&#8217;s shares skyrocketed by 253.85%, closing at $5.06. The stock reached an intraday high of $5.30 and a low of $3.05, with a 52-week range of $1.10 to $5.30. This dramatic rise follows the announcement of a merger with&nbsp;<a href="https://www.benzinga.com/25/01/42816545/fubotv-and-disney-near-merger-to-create-second-largest-digital-tv-provider-shares-soar-report">Disney&#8217;s Hulu + Live TV</a>. The combined entity will be majority-owned by Disney, holding 70% of the venture.
Enovix Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>)
Enovix&#8217;s stock fell by 1.58%, closing at $12.46. The stock saw an intraday high of $13.03 and a low of $12.20, with a 52-week range of $5.70 to $18.68. The decline comes despite the <a href="https://www.benzinga.com/news/global/25/01/42833082/enovix-shares-are-moving-higher-after-the-bell-whats-going-on">completion of site acceptance testing</a> for its Fab2 manufacturing line in Malaysia. The company plans to start mass production later this year.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock edged up by 0.15%, closing at $411.05. The stock reached an intraday high of $426.43 and a low of $401.70, with a 52-week range of $138.80 to $488.54. Analyst Stephen Gengaro has raised the price target for Tesla, citing the potential for robust multi-year growth due to upcoming vehicle models and <a href="https://www.benzinga.com/25/01/42832866/tesla-stock-well-positioned-to-deliver-robust-multi-year-growth-why-analyst-is-raising-price-target-after-deliveries-miss">Full Self-Driving</a> licensing opportunities.
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ENVX

FUBO

Meta Platforms, Trump Media, Fubo, Enovix Corp, Tesla: Why These 5 Stocks Are On Investors' Radars Today

X Owner Elon Musk has stirred up a storm with his latest post on the platform, advocating for the &#8216;liberation&#8217; of the United Kingdom from its current &#8220;tyrannical&#8221; government.
What Happened: On Monday, Musk held a poll on X. &#8220;America should liberate the people of Britain from their tyrannical government,&#8221; he asked his 211 million followers. 
<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">America should liberate the people of Britain from their tyrannical government
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876174862747930717?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 poll has attracted significant attention, with over 35.3 million views and 1.74 million votes. The majority of the voters, 57.8%, were in favor of Musk&#8217;s statement, while 42.2% were against it. At the time of writing there were still seven hours left for the poll to close.
In response to an X user suggesting that the U.K. could become a U.S. state, Musk remarked, &#8220;Not a bad idea.&#8221;
<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">Not a bad idea &#x1f914;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876326554135052534?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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French President Emmanuel Macron has indirectly accused tech mogul Elon Musk of meddling in European politics and supporting a global &#8220;reactionary movement&#8221;.
During his annual speech to French ambassadors in Paris, Macron expressed concern over the influence of a major social network owner in international politics, including German elections, without naming Musk directly, and <a href="https://www.politico.eu/article/emmanuel-macron-elon-musk-new-international-reactionary-movement/">reported</a> Politico.
Macron&#8217;s apprehensions mirror those of Norwegian Prime Minister Jonas Gahr Støre, who has also expressed concern over Musk&#8217;s political interventions in other countries. Musk, the world&#8217;s richest person, has faced criticism in Europe for his political maneuvers in Germany and the U.K.
In Germany, Musk&#8217;s support for the far-right Alternative for Germany party led to accusations of election interference. In the U.K., he clashed with Prime Minister Keir Starmer and called for Nigel Farage to <a href="https://www.benzinga.com/25/01/42806211/elon-musk-flips-on-trumps-uk-ally-nigel-farage-doesnt-have-what-it-takes">resign as leader</a> of the right-wing Reform party.
Despite the ongoing controversy, Musk responded to Macron&#8217;s speech on social media platform X, indirectly criticizing the French President. Macron has extended an invitation to Musk and US President-elect Donald Trump to attend a summit on artificial intelligence in Paris next month.
<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">Oh like that time Starmer called <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> a racist and said the British government should do everything to stop him? Or when Starmer sent British Labour Party members to campaign in the US against President Trump this year?<a href="https://t.co/5R28WgZIj0">https://t.co/5R28WgZIj0</a> <a href="https://t.co/S3cjV27Woi">https://t.co/S3cjV27Woi</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876325206484038113?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Musk&#8217;s political interventions in the U.K. and Germany have been a topic of controversy but he has maintained a relationship with Macron. In May 2023, Musk was seen at a Rufus Du Sol show in Mexico, hours before he <a href="https://www.benzinga.com/general/entertainment/23/05/32405340/elon-musk-flies-from-rufus-du-sol-show-to-meeting-with-french-president-macron-slept-in-the">flew to France</a> to meet with Macron.
Following a European tour, Musk returned to Texas after visiting Italy and France. During this visit, Macron <a href="https://www.benzinga.com/news/23/06/32910907/elon-musk-wraps-up-europe-tour-macron-seeks-collaboration-says-lets-work-together">posted a picture</a> with Musk captioned, &#8220;Let&#8217;s work together! #ChooseFrance.&#8221;
Musk, together with Vivek Ramaswamy, is set to head the Department of Government Efficiency, a proposed presidential advisory commission, under the incoming Trump administration.
His recent comments seem to echo Trump who has suggested that <a href="https://www.benzinga.com/news/24/12/42409527/trump-humorously-calls-justin-trudeau-as-governor-days-after-floating-idea-of-canada-dodging-tariffs-as-51st-state-of-america">Canada become a U.S. state</a>. On another occasion, the President-elect suggested <a href="https://www.benzinga.com/markets/equities/24/12/42678846/trumps-controversial-remarks-on-panama-canal-and-greenland-safeguarding-trade-and-security-or-grabbing-power">purchasing Greenland</a> from Denmark.
On Monday, Musk suggested that Greenland&#8217;s future should be decided by its people. He expressed the belief that they would &#8220;want to be part of America.&#8221; The comments were made after an X user said that Trump&#8217;s son, Donald Trump Jr., was in Greenland.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The people of Greenland should decide their future and I think they want to be part of America! &#x1f1fa;&#x1f1f8;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876328838134948213?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Musk Holds Poll To Figure Out If US Should 'Liberate' UK, French President Macron Says X Owner Is Backing A New 'Reactionary Movement'

Multiple sources close to the Trump family at Mar-a-Lago are telling People magazine that soon-to-be-First-Lady-again <a href="https://www.benzinga.com/topic/melania-trump">Melania Trump</a> quite likes having the Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO <a href="https://www.benzinga.com/topic/elon-musk">Elon Musk </a>around. And the tech billionaire is definitely around. Musk has been staying at one of the cottages on Trump's property at the Florida estate almost since the November elections, <a href="https://www.nytimes.com/2024/12/30/us/politics/elon-musk-trump-mar-a-lago.html">according </a>to the NY Times.
<h1 class="wp-block-heading">But It&#8217;s All Good With Melania</h1>
A source <a href="https://people.com/melania-trump-elon-musk-babysitter-for-donald-exclusive-sources-8769671">told</a> People that Melania approves of Musk&#8217;s relationship with her husband as a "net-positive" because Musk can keep an eye on her hubby President-elect Donald Trump.
"Melania is glad to have a babysitter for Donald, and she will find some kind of project to team up with him herself if he stays around," a Palm Beach source told People, noting that the former First Lady "makes the best of things she can&#8217;t control."
The source added that &#8220;Melania has her own life and isn&#8217;t bothered by political dealings her husband has with others. But so far, she has no issues with Musk.&#8221;
A Mar-a-Lago insider predicted that Melania might come up with her own plans to partner with Musk, who along with Vivek Ramaswamy <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">will co-direct</a> the newly created&nbsp;<a href="https://www.benzinga.com/topic/department-of-government-efficiency">Department of Government Efficiency&nbsp;</a>(DOGE), aimed at restructuring federal agencies and reducing government spending.
Read More: <a href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world">Melania Trump To Produce Upcoming Amazon Prime Documentary About Her Life and Influence In Trump Political Universe</a>
CNN&#8217;s Kaitlan Collins <a href="https://www.yahoo.com/news/elon-musk-hangs-donald-trump-164722815.html">reported</a> in November that Musk has been at Mar-a-Lago &#8220;nearly every single day,&#8221; golfing, dining, sitting in on phone calls with world leaders, and &#8220;weighing in&#8221; on prospective candidates for senior administration jobs.
<h1 class="wp-block-heading">Working From Home </h1>
As was the case with the first Trump administration, he is continuing to use the family&#8217;s Palm Beach residence as a meeting place and something of a headquarters for his political activities. Again, Melania quite likes the activity, according to People, especially when it comes to Musk.
"Melania is in good spirits and does her own thing, and is not bothered one way or the other by Musk hanging around," a source told People.
"For the most part, she is not involved with subjects her husband is discussing with Musk or anyone else hanging around him. Right now, Trump has a lot of people wanting things from him. She is all too aware of that."
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Photo: Sarah Yenesel/EPA, via Shutterstock

Government

Melania Trump Is Happy With House Guest Elon Musk As 'A Babysitter For Donald'

Investor and entrepreneur Kevin O'Leary, known for his appearances on "Shark Tank," announced on Monday he joined forces with The People's Bid for TikTok in an attempt to purchase the social media platform before the Jan. 19 <a href="https://www.benzinga.com/24/12/42712643/trump-asks-supreme-court-to-delay-tiktok-ban-as-he-pursues-a-political-resolution">deadline for a sale. </a>
The Details: O'Leary declared the move in a <a href="https://www.prnewswire.com/news-releases/globally-renowned-investor-and-entrepreneur-kevin-oleary-joining-the-peoples-bid-for-tiktok-302342948.html">press release</a> stating he would join The People's Bid for TikTok led by Project Liberty founder Frank McCourt. O'Leary's previous attempt to buy TikTok, a crowdfunding effort, would be folded into The People's Bid for TikTok. 
Read Next: <a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
&#8220;Joining The People&#8217;s Bid for TikTok is an opportunity to take action on an issue I&#8217;m deeply passionate about — protecting privacy and creating value for users,&#8221; said Kevin O&#8217;Leary.&nbsp;
&#8220;TikTok has immense potential — not just as a tool for creators and businesses, but as a cornerstone of a more secure, people-centered digital future," O'Leary added.&nbsp;
O'Leary also announced his partnership with The People's Bid for TikTok on the social media platform X.&nbsp;
<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">I'm excited to share that I'm partnering with Frank McCourt and the visionary team at <a href="https://twitter.com/pro_jectliberty?ref_src=twsrc%5Etfw">@pro_jectliberty</a> to lead The People's Bid for TikTok! This isn't just about buying TikTok's U.S. assets. It's about something much bigger: protecting the privacy of 170 million American users.… <a href="https://t.co/kzxk5RfEgY">pic.twitter.com/kzxk5RfEgY</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1876287966584221717?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What Else: The Supreme Court is set to hear arguments on Friday on whether the proposed TikTok ban violates the First Amendment. Congress passed the ban with bipartisan support earlier this year and President Joe Biden signed it into law in April.&nbsp;
The law requires TikTok's parent company, ByteDance, to divest its U.S. operations by Jan. 19 or <a href="https://www.benzinga.com/government/regulations/25/01/42772746/tiktok-set-for-a-ban-on-jan-19-by-law-but-trump-has-other-plans">face removal</a> from app stores in the U.S.&nbsp;
President-elect Donald Trump originally supported a ban of TikTok, but has since changed his stance on the issue and has requested the deadline for divestiture be extended.
Trump's attorney, D. John Sauer, said Trump is not taking a stance on the case's merits but would like the opportunity to seek a political solution.&nbsp;
"He respectfully requests that the Court consider staying the Act's deadline for divestment of January 19, 2025, while it considers the merits of this case, thus permitting President Trump's incoming administration the opportunity to pursue a political resolution of the questions at issue in the case,&#8221; Sauer said.&nbsp;
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ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 20.55% on an annualized basis producing an average annual return of 31.96%. Currently, ServiceNow has a market capitalization of $222.21 billion. 
Buying $100 In NOW: If an investor had bought $100 of NOW stock 10 years ago, it would be worth $1,579.48 today based on a price of $1077.05 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736207107_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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