OneConnect Financial Tech 주식 (NYSE: OCFT)

OneConnect Financial Tech (NYSE:OCFT) 주식

OneConnect Financial Tech

OneConnect Financial Technology Co Ltd is a technology-as-a-service provider for the financial services industry. It integrates extensive expertise in the industry with market technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platforms it provides include digital banking solutions, digital insurance solutions, and the Gamma Platform, a technology infrastructure platform for financial institutions. Geographically, the company generates substantially all of its revenue from its business in the People's Republic of China (PRC).

OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares

OneConnect Financial Technology Co Ltd

Cosmetics brand Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is best known for its lipsticks, mascaras, and moisturizers, but during its recent earnings call, the company shed light on its retail media play that is taking shape within its brick-and-mortar stores.
What Happened: During its <a href="https://www.benzinga.com/news/earnings/25/05/45682895/ulta-beauty-stock-climbs-after-better-than-expected-q1-report-raised-fiscal-2025-outlook">first quarter earnings</a> call on Thursday, Ulta&#8217;s CEO, Keisha Steelman, outlined the company&#8217;s progress in its advertising arm, UB Media. 
The company announced that it is leaning into new ad formats like connected TV and streaming audio while rolling out a self-service platform to offer brand partners faster access to campaign performance data. 
&#8220;We've heard loud and clear,&#8221; Steelman said. &#8220;They [advertisers] need to understand when they're investing, what are they getting back for their investment.&#8221;
See Also: <a href="https://www.benzinga.com/25/05/45687946/second-federal-judge-blocks-trumps-emergency-tariff-powers-hours-after-us-court-of-international-trade-ruling">Second Federal Judge Blocks Trump&#8217;s Emergency Tariff Powers, Hours After US Court Of International Trade Ruling</a>
The bet comes as Ulta looks to capitalize on its 45 million members and high-engagement app, which now drives over 60% of e-commerce sales.
&#8220;Beauty and wellness is what we do,&#8221; Steelman says, underscoring why the platform is tightly integrated with in-store experiences and major brand moments like Beyoncé's Cowboy Carter tour and Ulta Beauty World.
Ulta also highlighted its growing partnership with commerce media firm Rokt, enabling non-endemic brands to advertise across Ulta's digital footprint. During the quarter, UB Media played a major role in supporting key events like &#8220;21 Days of Beauty,&#8221; and the company says the platform is becoming an important incremental revenue stream.
While the company stopped short of quantifying UB Media's financial contribution, CFO Paula Ojibow said the initiative aligns with the company's broader strategy to scale new, accretive businesses. &#8220;We're happy with the progress we made in the quarter,&#8221; she said.
Why It Matters: With retail media being increasingly seen as a <a href="https://www.benzinga.com/25/03/44569790/goldman-sachs-picks-amazon-google-and-meta-for-strong-growth-in-ecommerce-and-digital-advertising">differentiator for companies</a> like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Ulta&#8217;s beauty-specific network takes it a step further, in a category driven by aesthetics, loyalty, and emotion. 
During its <a href="https://www.benzinga.com/news/earnings/25/05/45682895/ulta-beauty-stock-climbs-after-better-than-expected-q1-report-raised-fiscal-2025-outlook">first quarter results</a> on Thursday, the company reported $2.85 billion in revenue, ahead of consensus estimates at $2.79 billion. It posted a profit of $6.70 per share, significantly above analyst estimates of $5.77.
Price Action: Ulta&#8217;s shares were up 1.15% on Thursday, trading at $421.7, but the stock popped following the results, and is currently up 7.87% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM-1024x137.png" alt="" class="wp-image-932722" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM-1536x206.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30044421/Screenshot-2025-05-30-at-2.14.07-PM.png 1614w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the stock is favorable in the short, medium, and long term, while scoring well on momentum and growth. For deeper insights, click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>. 
Read More:
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<li><a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">Trump Administration Mulls Global Tariffs Of About 15% For 150 Days Under Existing Trade Laws: Report</a></li>
</ul>
Photo courtesy: Gregory C Sanders / Shutterstock.com

Earnings

News

Markets

ULTA

Ulta Bets On Category Depth To Build A Retail Media Empire: 'Beauty And Wellness Is What We Do'

During a visit to Lawrence Berkeley National Laboratory (Berkeley Lab), U.S. Secretary of Energy Chris Wright on Thursday announced&nbsp;a <a target="_blank" href="https://www.benzinga.com/tech" rel="noreferrer noopener">new deal with</a> Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) to develop NERSC-10, the next flagship supercomputer at the National Energy Research Scientific Computing Center (NERSC), a U.S. Department of Energy (DOE) user facility at Berkeley Lab.
The new supercomputer, a Dell Technologies system powered by Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) next-generation Vera Rubin platform, will be engineered to support large-scale high-performance computing (HPC) workloads like those in molecular dynamics, high-energy physics, and <a href="https://www.energy.gov/articles/doe-announces-new-supercomputer-powered-dell-and-nvidia-speed-scientific-discovery" target="_blank" rel="noreferrer noopener">AI training and inference</a>. 
Due in 2026, the new system will be named after Jennifer Doudna, the Berkeley Lab-based biochemist who won the 2020 Nobel Prize for Chemistry in recognition of her work on the gene-editing technology CRISPR.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45295634/cadence-teams-with-nvidia-on-supercomputer-aimed-at-faster-ai-and-engineering-simulations" rel="noreferrer noopener">Cadence Teams With Nvidia On Supercomputer Aimed At Faster AI And Engineering Simulations</a>
NERSC Director Sudip Dosanjh said Doudna will be connected to DOE experimental and observational facilities through the Energy Sciences Network (ESnet), allowing scientists to stream data seamlessly into the system from all parts of the country and analyze it in near real time.
Supercomputers gained prominence for&nbsp;their ability to tackle complex, computationally intensive tasks beyond conventional computers. They hold huge potential as tools for scientific research, artificial intelligence, and various industries.
In January 2025, President Donald Trump announced&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43139410/softbanks-role-in-500-billion-stargate-ai-venture-seen-as-major-growth-driver-analyst-says" rel="noreferrer noopener">the $500 billion</a> OpenAI,&nbsp;SoftBank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), and Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) initiative when OpenAI said Stargate will expand to as many as ten sites. Oracle controls the supercomputer being built in the Abilene data center.
In January, Nvidia launched Digits, a desktop-sized&nbsp;personal AI supercomputer&nbsp;likely to be available in May 2025.
Price Actions: Nvidia stock is trading lower by 0.96% to $137.86 premarket at last check Friday. DELL is up 1.90%.
Read Next:
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<li><a href="https://www.benzinga.com//node/45688655">Trump Administration Mulls Global Tariffs Of About 15% For 150 Days Under Existing Trade Laws: Report</a></li>
</ul>
Image by mrinalpal via Shutterstock

Government

Regulations

Movers

Tech

DELL

NVDA

ORCL

SFTBF

SFTBY

Dell, Nvidia To Build Next-Gen Supercomputer For US Energy Department

It has been more than a week since the Pentagon announced it had taken control of the <a href="https://www.benzinga.com/25/05/45338985/trump-reportedly-set-to-accept-flying-palace-from-qatar-white-house-says-lavish-gift-of-boeing-jumbo-jet-complies-with-all-applicable-laws" target="_blank" rel="noreferrer noopener">luxury Boeing 747</a> that Qatar "gifted" President Donald Trump, but the legal framework behind the exchange remains unclear.
What Happened: Legal operatives from Washington and Doha are continuing negotiations to determine terms for the transfer of the Boeing 747-8, followed by Qatar's request for formal clarification, according <a href="https://thehill.com/policy/defense/5324368-trumps-qatar-jet-deal-pentagon/">to</a> The Hill.
Doha has reportedly demanded a memorandum of understanding affirming that the Trump administration initiated the arrangement and absolves Qatar from any future responsibility for the plane's ownership.
This comes despite Trump's repeated hints that the offer came unsolicited from Qatar's leadership, a <a href="https://www.benzinga.com/news/25/05/45579192/trump-said-qatar-gifted-him-a-400-million-jet-but-insiders-say-the-us-initiated-the-deal">narrative which insiders countered last week</a>.
Trump&#8217;s Middle East envoy Steve Witkoff was allegedly asked to identify potential planes soon after he took office, and Boeing pointed the Pentagon to clients with appropriate aircraft.
See Also: <a href="https://www.benzinga.com/25/05/45687946/second-federal-judge-blocks-trumps-emergency-tariff-powers-hours-after-us-court-of-international-trade-ruling">Second Federal Judge Blocks Trump&#8217;s Emergency Tariff Powers, Hours After US Court Of International Trade Ruling</a>
Why It Matters: On May 21, the Pentagon announced that it had officially accepted the jet, but a White House official told The Hill that "the details of the gift are being finalized by legal teams."
The jet has been a <a href="https://www.benzinga.com/news/25/05/45459490/as-nikki-haley-slams-trumps-400-million-boeing-jet-gift-from-qatar-bill-ackman-cites-national-securi">point of controversy</a> ever since the exchange was reported. Lawmakers have questioned the jet's potential future transfer to Trump's presidential library, which could give the president personal access to a heavily modified aircraft.
Critics have highlighted that the aircraft will <a href="Aviation%20experts%20have%20warned%20that%20it%20could%20take%20years%20to%20convert%20the%20jet%20to%20make%20it%20suitable%20for%20presidential%20use,%20and%20cost%20up%20to%20$1%20billion.">require expensive upgrades</a>, with current estimates indicating $1.5 billion for initial modifications and another $500 million for post-presidency decommissioning.
Maintenance reviews suggest the aircraft is in sub-par condition and substantial investment is required to meet Air Force standards.
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Photo courtesy: Shutterstock

Politics

Trump's $400 Million Qatar Jet Deal Not Yet Official Despite Pentagon Taking Possession: Doha Seeks To Clarify Terms

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc.&nbsp;(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>) and&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
What Happened: Wolfram Weimer, the new German Minister of State for Culture, disclosed this proposal in an interview with Stern magazine. This revelation comes before Chancellor Friedrich Merz&#8216;s anticipated visit to Washington, although no official confirmation has been provided yet, reported Reuters.
President Donald Trump has previously expressed his disapproval of foreign governments taxing American companies, pledging not to let them &#8220;appropriate America&#8217;s&nbsp;tax base for their own&nbsp;benefit.&#8221;
Weimer accused big online platforms like Alphabet Inc. and Meta Platforms Inc. of &#8220;cunning tax evasion.&#8221; He suggested that these companies, which generate billions in profits in Germany, contribute minimally to the country&#8217;s tax base and society.
Weimer also criticized the monopolistic tendencies of these digital platforms, arguing that they pose a threat to freedom of expression.
SEE ALSO:&nbsp;<a href="https://benzinga.com/tech/25/05/45685893/trump-says-he-is-having-elon-musk-over-at-the-white-house-tomorrow-for-a-press-conference-as-billionaire-exi" target="_blank" rel="noreferrer noopener">Trump Says He Is Having Elon Musk Over At The White House Tomorrow For A Press Conference As Billionaire Exits Government: &#8216;This Will Be His Last Day, But Not Really&#8230;&#8217;</a>
Why It Matters:&nbsp;This proposal comes amid growing international scrutiny of tech giants. The Trump administration has been <a href="https://www.benzinga.com/25/05/45466937/us-targets-european-digital-rules-in-free-speech-campaign-defending-american-big-tech">critical </a>of Europe&#8217;s digital regulations, asserting that they pose a risk to free speech and American commercial interests.
Furthermore, in April, European Commission President Ursula von der Leyen warned that the EU is preparing retaliatory measures that could include levies on digital advertising revenues from U.S. tech companies like Meta and Alphabet Inc. This was followed by Meta CEO Mark Zuckerberg urging President Trump to respond aggressively to these threats.
If the German government proceeds with this tax, it would join Britain, Italy, France, Spain, Turkey, India, Austria, and Canada, which have imposed similar taxes on digital service providers.
The shares of Alphabet fell 0.24% to close at $172.96 on Thursday, meanwhile Meta rose 0.23% to $645.05.
READ MORE:
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<li><a href="https://benzinga.com/25/05/45671848/kevin-oleary-says-international-students-are-extraordinary-individuals-he-adds-they-dont-hate-america-and-i-want-" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Says International Students Are &#8216;Extraordinary Individuals.&#8217; He Adds, &#8216;They Don&#8217;t Hate America, And I Want To Invest In Them&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JHVEPhoto / Shutterstock.com

Global

GOOG

GOOGL

Germany Considers 10% Digital Tax On Tech Giants Alphabet, Meta: Report

Aurora Mobile Integrates DeepSeek-R1-0528 Into GPTBots.ai, Boosts AI Reasoning And Coding Power For Enterprises

So-Young International Announces ADS Ratio Change To 1:15, Effective June 30 On Nasdaq

Goldman Sachs Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) President John Waldron warned Thursday that bond traders now view Washington's swelling debt load as a greater threat than Donald Trump's trade fights, labeling the fiscal outlook "somewhat concerning."
What Happened: Speaking at Sanford C. Bernstein's strategic-decisions conference, Waldron said "the big risk on the macro right now is actually not so much tariffs" but the torrent of new borrowing that is pushing up long-term rates. Rising supply already hoisted the 30-year yield to <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-market-freaks">5.15% last week</a>, a level last touched in 2007, after the Congressional Budget Office projected federal debt could reach 117% of GDP within a decade.
Waldron, widely regarded as the front-runner to succeed CEO David Solomon, said a steeper yield curve threatens to lift financing costs "across the economy," from mortgages to corporate loans, <a href="https://www.bloomberg.com/news/articles/2025-05-29/goldman-s-waldron-says-bond-traders-fear-debt-more-than-tariffs">reported</a> Bloomberg. He added that Capitol Hill's push for fresh tax cuts would only deepen the deficit, feeding what he called a more disciplined bond market that is demanding fiscal restraint.
Even so, Waldron praised the "tremendous resilience" of U.S. consumers, noting Goldman priced eight IPOs last week despite second-quarter investment-banking revenue lagging the first quarter amid tariff-driven market swings.
See also: <a href="https://www.benzinga.com/25/05/45687917/nouriel-roubini-market-discipline-is-key-to-constrain-trumps-worst-instinctspredicts-market-blowback-or-gop-defeat-in-2026">&#8216;Dr Doom&#8217; Nouriel Roubini Says &#8216;Market Discipline&#8217; The Key To Restrain Trump&#8217;s Worst Instincts — Predicts Market Blowback Or Republican Defeat In 2026 Midterms</a>
His caution was echoed by Goldman vice chair and former Dallas Fed chief Rob Kaplan, who told Bloomberg TV that clients care more about the 10-year Treasury yield than the Fed's policy rate.
Why It Matters: Treasury traders <a href="https://www.benzinga.com/25/05/45654448/bond-market-caught-between-rate-cut-hopes-and-fed-cautionwhat-investors-can-do-now">rode a roller coaster</a> last week as Chair Jerome Powell vowed to keep rates high until inflation cools, even while investors kept betting on a first cut by late summer. Markets, in short, kept pressing a "<a href="https://www.benzinga.com/markets/25/05/45683632/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy">run-it-hot</a>" trade that stock and bond prices eagerly priced in — even as companies and economists struck a far gloomier tone.
That divergence complicates a <a href="https://www.benzinga.com/markets/25/05/45607859/us-long-bond-slump-threatens-revival-of-60-40-investment-strategy">tentative comeback</a> for the classic 60/40 portfolio, which has lately beaten the S&amp;P 500 with less volatility thanks to the return of the old stock-bond inverse correlation. The rally now wobbles because the 30-year Treasury's surge past 5% makes investors wary of long-duration debt at a time when ballooning deficits threaten still-higher rates.
Goldman Sachs has earned a growth score of 76.01% according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with other companies in the same space</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="143" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30041448/GS-edge-1024x143.png" alt="" class="wp-image-932678" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30041448/GS-edge-1024x143.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30041448/GS-edge-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30041448/GS-edge-768x107.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30041448/GS-edge.png 1450w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Katiindies on Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/05/45687946/second-federal-judge-blocks-trumps-emergency-tariff-powers-hours-after-us-court-of-international-trade-ruling">Second Federal Judge Blocks Trump&#8217;s Emergency Tariff Powers, Hours After US Court Of International Trade Ruling</a>

Bonds

Goldman Sachs President John Waldron Says Big Macro Risk Not So Much Trump Tariffs But Washington's Burgeoning Appetite For Debt

Gerber Kawasaki's CEO and Co-Founder, Ross Gerber, hints that collaborations between Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will be a big part of the future of robotics.
What Happened: "Nvidia is &#x1f525;- pay attention as the future plays out in front of us. And yes tesla will be a big part of this," Gerber said, quoting a video on social media platform X on Thursday.
<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">Nvidia is &#x1f525;- pay attention as the future plays out in front of us. And yes tesla will be a big part of this. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://twitter.com/search?q=%24nvda&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$nvda</a> <a href="https://t.co/2fZMwCqFOo">https://t.co/2fZMwCqFOo</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1928074750846197920?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The video showcased Nvidia CEO Jensen Huang shedding light on the company's <a href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry">business activities with Tesla</a> and Elon Musk. "We do a lot of business with Tesla and xAI. Elon, as you know, is an extraordinary engineer, " Huang said.&nbsp;
Huang also hailed Musk's work with Grok — Musk's AI model — as well as Tesla's FSD and Optimus Robots, as "world-class" and said how the products represent "gigantic opportunities."
"I think the Optimus opportunity is just right around the corner," Huang said before adding that Optimus has the necessary volume and technology to advance robotics, which Huang said has the potential to be the next "multi-trillion dollar" industry.
Why It Matters: Gerber has maintained bearish views on the company and has called Tesla's Robotaxi into question on several occasions. However, the investor recently shared that his firm<a href="https://www.benzinga.com/tech/25/05/45663281/despite-bearish-views-ross-gerber-says-tesla-stake-remains-weve-continued-lowering-our-exposure"> still held Tesla stock</a>.&nbsp;
However, Tesla has been in the spotlight for its Robotaxi launch in Austin, for which the company is reportedly targeting a June 12 launch date. Musk recently said the company has <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">ramped up testing</a> of Unsupervised FSD in Austin "a month ahead of schedule."
Musk's commitment to Tesla following his exit from DOGE has helped the EV giant, with the company's stock surging overnight following the announcement from the CEO. U.S. President Donald Trump <a href="https://www.benzinga.com/tech/25/05/45685893/trump-says-he-is-having-elon-musk-over-at-the-white-house-tomorrow-for-a-press-conference-as-billionaire-exits-government-this-will-be-his-last-day-but-not-really">said he will host </a>Musk at the White House as he exits DOGE.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="188" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025-1024x188.jpg" alt="" class="wp-image-932697" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025-1024x188.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025-300x55.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025-768x141.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025-1536x283.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30042536/NVIDIA-MAY-30-2025.jpg 1658w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Nvidia scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: jamesonwu1972 / Shutterstock.com

TSLA

Ross Gerber Weighs In As Nvidia CEO Jensen Huang Hails 'Extraordinary Engineer' Elon Musk

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFAI#NASDAQ">FFAI</a>) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has signed another binding FX business-to-business (B2B) deposit agreement with Los Angeles based New PBB Auto Inc., which includes a non-refundable deposit and a non-binding pre-order for 600 units of the Company's highly anticipated FX model, the Super One MPV (multi-purpose vehicle).
New PBB Auto is well-known in the automotive sales and maintenance sectors in the Los Angeles metro area. With a comprehensive range of services including new and used car sales, after-sales maintenance, and auto loans, the company has established itself in the Los Angeles region for nearly a decade.
New PBB Auto paid a $60,000 non-refundable deposit, which it can use toward the purchase of one or more FX vehicles, and secures priority delivery of up to 180 FX vehicles for purchasers it identifies, subject to an additional payment. This B2B order highlights the strong appeal of the Super One on the West Coast, particularly in the Los Angeles area. With California leading the country in EV sales, the state represents a critical market for FX's business and overall success.
The remaining reserved vehicles could be for additional users that New PBB Auto identifies. FX Super One will provide a superior user experience with the cutting-edge technologies and advanced luxury features that it will offer.
New PBB Auto will also collaborate as a paid co-creation partner, enhancing the AI-MPV experience.
The FX Super One is expected to launch as a pure electric vehicle, with a super AI hybrid extended range (AIHER) electric powertrain option to follow. The first Super One model is planned to roll off the production line by the end of this year.

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Gets 600-Unit FX Pre-Order From LA Auto Dealer, Secures $60K Deposit

The Trump administration is reportedly contemplating a stopgap measure to impose tariffs on a significant portion of the global economy for 150 days under an existing law. This move is being considered in response to a recent court ruling that <a href="https://www.benzinga.com/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">invalidated a substantial part of President Donald Trump&#8216;s tariffs</a>.
What Happened: The administration is exploring a two-pronged strategy. Initially, it plans to activate an unused provision of the Trade Act of 1974 to impose broad tariffs that allow for tariffs of up to 15% for 150 days.
This approach would buy time to develop tailored tariffs for each major trading partner, using a separate provision of the same law intended to tackle unfair foreign trade practices, <a href="https://www.wsj.com/economy/trade/trump-trade-tariff-strategy-pivot-bfe11596">reported</a> the Wall Street Journal.
The second step, which requires a lengthy notification and public comment period, is considered by administration officials to be more legally sound than the tariff policy recently struck down. This alternative provision has a history of use, including for Trump's first-term tariffs on China. 
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A final decision has not been made, and the administration may delay its plans after a federal appeals court temporarily reinstated Trump's broadest tariffs, following a trade court's earlier ruling to block them immediately.
SEE ALSO: <a href="https://www.benzinga.com/markets/25/05/45663141/trump-administration-axes-400-million-in-state-unemployment-system-upgrades-calls-it-wasteful-report">Trump Administration Axes $400 Million In State Unemployment System Upgrades, Calls It &#8216;Wasteful&#8217;: Report</a> 
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<path fill-rule="evenodd" clip-rule="evenodd" d="M5.29289 9.29289C5.68342 8.90237 6.31658 8.90237 6.70711 9.29289L12 14.5858L17.2929 9.29289C17.6834 8.90237 18.3166 8.90237 18.7071 9.29289C19.0976 9.68342 19.0976 10.3166 18.7071 10.7071L12.7071 16.7071C12.5196 16.8946 12.2652 17 12 17C11.7348 17 11.4804 16.8946 11.2929 16.7071L5.29289 10.7071C4.90237 10.3166 4.90237 9.68342 5.29289 9.29289Z" fill="currentColor"></path>
Why It Matters: This move comes after a&nbsp;federal appeals court <a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">temporarily preserved </a>Trump&#8217;s tariffs&nbsp;following a lower-court ruling that invalidated most of them.
Despite a federal court ruling against his <a href="https://www.benzinga.com/markets/25/05/45666535/hardly-the-end-of-this-story-trump-has-several-legal-options-to-maintain-tariffs-despite-federal-court-ruling-experts-say">authority </a>to impose global tariffs, experts believe that Trump has several legal options to maintain tariffs.
These include Section 122 of the Trade Act of 1974, Section 301 investigations, and Section 338 of the Trade Act of 1930. The administration&#8217;s current consideration of a two-pronged approach to impose broad tariffs aligns with these expert views.
The stay on the court ruling will remain in place while the Trump administration appeals a trade court ruling, allowing it to argue for the tariffs' suspension. Plaintiffs have one week to respond, and the administration must file its legal brief by June 9.
U.S. stocks closed 0.40% higher on Thursday, with the S&amp;P 500 rising during the session, boosted by stronger-than-expected earnings from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and temporary relief on tariff woes due to the federal court ruling.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45687265/trumps-former-vp-mike-pence-urges-congress-to-take-immediate-steps-to-reclaim-its-constitutional-authority-on-tar" target="_blank" rel="noreferrer noopener">Mike Pence Wants Congress To Take &#8216;Immediate Steps&#8217; To Reclaim Constitutional Power On Tariffs, Says Trump &#8216;Has No Authority&#8230;&#8217;</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.
 Photo courtesy: Rawpixel.com / Shutterstock.com

Trump Administration Mulls Global Tariffs Of About 15% For 150 Days Under Existing Trade Laws: Report

<h3>Companies Reporting Before The Bell</h3>
• UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $111.60 million. 
• Yatra Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $26.40 million. 
• Listed Funds Trust Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $70.57 million. 
• Canopy Gwth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) is expected to report quarterly loss at $0.10 per share on revenue of $49.92 million. 
• LandBridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LB#NYSE">LB</a>) is estimated to report quarterly earnings at $0.69 per share on revenue of $243.64 million. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is projected to report quarterly earnings at $0.30 per share on revenue of $280.70 million. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SCVL

TIGR

WEED

YTRA

Earnings Scheduled For May 30, 2025

Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported a <a href="https://www.benzinga.com/news/earnings/25/05/45681613/dell-q1-earnings-revenue-beat-eps-miss-company-highlights-unprecedented-demand-for-ai-optimized-servers">mixed first quarter</a>, driven by what executives described as &#8220;exceptionally strong demand&#8221; for its AI-optimized servers.
What Happened: The company reported $12.1 billion in AI server orders in the first quarter of the fiscal year 2026, surpassing the entirety of shipments for all of fiscal year 2025, and pushing its backlog to a record $14.4 billion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In Q1, we received $12.1 billion in AI orders, surpassing the total shipments for all of FY25 and leaving us with a backlog of $14.4 billion. <a href="https://t.co/FLl9umTx9d">pic.twitter.com/FLl9umTx9d</a>
&mdash; Michael Dell &#x1f1fa;&#x1f1f8; (@MichaelDell) <a href="https://twitter.com/MichaelDell/status/1928303836487176539?ref_src=twsrc%5Etfw">May 30, 2025</a></blockquote>
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Vice Chairman and COO Jeff Clarke noted that just 91 days into the year, Dell had already secured $12.1 billion in AI server orders, a figure that significantly contributed to the burgeoning $14.4 billion backlog.
Looking ahead, Dell anticipates shipping approximately $7 billion of that backlog in the second quarter. Clarke emphasized the company&#8217;s focus on actively converting its extensive &#8220;five-quarter pipeline&#8221; into new orders throughout the second quarter and the latter half of the year.
He projected a strong performance, stating that their &#8220;best outlook&#8221; suggests they will be in the &#8220;$15 billion plus&#8221; range for shipped AI server revenue for the full fiscal year.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45667775/trumps-tariff-refund-could-cost-us-10-billion-with-2-month-end-rebalance-impact-on-equities-in-case-of-an-appeal-uncertainty-is-back-front-and-center">Trump&#8217;s Tariff Refund Could Cost US $10 Billion With 2% Month-End Rebalance Impact On Equities In Case Of An Appeal: &#8216;Uncertainty Is Back Front And Center&#8217;</a>
Why It Matters: Its <a href="https://www.benzinga.com/news/earnings/25/05/45681613/dell-q1-earnings-revenue-beat-eps-miss-company-highlights-unprecedented-demand-for-ai-optimized-servers">first-quarter revenue</a> of $23.38 billion beat the consensus estimate of $23.14 billion. Whereas, adjusted earnings of $1.55 per share missed analyst estimates of $1.69 per share.
The company&#8217;s revenue growth was fueled by robust performance across all core markets, with both the Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) growing by 8%.
Dell also generated a record $2.8 billion in cash flow from operations for the first quarter and returned a substantial $2.4 billion to shareholders through stock repurchases and dividends.
The second-quarter revenue is expected to range from $28.5 billion to $29.5 billion, whereas the expected EPS stands at $2.25. The fiscal 2026 revenue is expected to be between $101 billion to $105 billion with a full-year EPS of $9.40.
Dell shares fell 0.12% on Thursday and rose 1.87% in after-hours. The stock was down 2.49% in 2025 and 33.13% over the whole year.
Benzinga Edge Stock Rankings shows that Dell had a stronger price trend over the short, medium, and long term. Its momentum ranking was poor, and its value ranking was moderate at the 36.14th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30025427/Dell-EDGE-1024x142.png" alt="" class="wp-image-932622" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30025427/Dell-EDGE-1024x142.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30025427/Dell-EDGE-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30025427/Dell-EDGE-768x106.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30025427/Dell-EDGE.png 1219w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY was up 0.39% to $590.05, while the QQQ advanced 0.20% to $519.93, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Friday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45641879/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy-outlook-by-bottom-up-analysts" target="_blank" rel="noreferrer noopener">Stock Market Is Pricing A Never-Before-Seen ‘Divergence' As Equities And Bonds ‘Run It Hot' Amid Gloomy Outlook By Bottom-Up Analysts</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Photo courtesy: mrinalpal / Shutterstock.com

Equities

Dell's AI Server Orders Hit Record $12.1 Billion In Q1, Backlog Swells To $14.4 Billion: 'Exceptionally Strong Demand'

Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, reportedly lobbied the Trump administration to include his AI startup, xAI, in a deal with Sam Altman&#8216;s OpenAI to build a massive AI data center in Abu Dhabi.
What Happened: Musk reportedly used his influence to ensure that his company was a part of the deal, which was led by OpenAI and involved several American tech giants. The deal, which was approved by the Trump administration, is set to establish one of the world&#8217;s largest AI data centers in Abu Dhabi, according to a report <a href="https://www.wsj.com/tech/elon-musk-trump-openai-stargate-abu-dhabi-e2689615?mod=tech_trendingnow_article_pos2">by</a> The Wall Street Journal.
Musk&#8217;s intervention came after he learned that OpenAI&#8217;s CEO, Sam Altman, was planning&nbsp;a deal in the U.A.E.&nbsp;during President Donald Trump&#8216;s visit to the Gulf countries. Musk, who was reportedly unhappy about the deal, joined the trip and voiced his concerns to Trump and U.S. officials.
Musk reportedly warned executives at G42—an AI company overseen by the brother of the United Arab Emirates&#8217; president—that their proposal would not receive President Trump&#8217;s approval unless his own company, xAI, was part of the arrangement.
Despite Musk&#8217;s objections, the deal went through, with the White House officials stating that Musk was concerned about the deal favoring Altman. The U.A.E. had been lobbying for AI chips and, after the Biden administration restricted chip sales, the U.A.E. turned to the Trump administration.
A senior White House official also confirmed that Musk had expressed concerns about the deal, emphasizing the importance of fairness for all AI companies.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45667896/hedera-co-founder-predicts-that-everything-of-value-will-be-tokenized" target="_blank" rel="noreferrer noopener">Hedera Co-Founder Predicts That &#8216;Everything Of Value&#8217; Will Be Tokenized (CORRECTED) &#8211; Benzinga</a>
Why It Matters:&nbsp;This incident comes amid an ongoing legal battle between OpenAI and Musk. In a <a href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt">court filing</a>, OpenAI accused Musk of fraud and media manipulation, urging a judge to allow its countersuit to proceed, as reported. 
Earlier this month, OpenAI announced that it would retain its nonprofit parent&#8217;s control over its for-profit operations, reversing a previous plan to fully transition to a public benefit corporation. This decision was made amid <a href="https://www.benzinga.com/markets/25/05/45213089/openai-reverses-course-as-sam-altman-says-nonprofit-will-remain-in-control-amid-elon-musks-lawsuit-and-investor-pushback">increasing </a>legal pressure and investor concerns.
WSJ reported that previously, Musk had reacted angrily to Trump's January U.S. Stargate deal with OpenAI, Oracle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) and SoftBank, feeling blindsided by the $500 billion announcement. He questioned the backers&#8217; financial capacity and publicly criticized the deal on X.
READ MORE:
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<li><a href="https://benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: &#8216;&#8230; Likely To Be The Next Multi-Trillion Dollar Industry&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors
Photo courtesy: Shutterstock

Elon Musk Pressured Trump Team To Include xAI In The OpenAI–Oracle Abu Dhabi Deal, Threatening To Block It Otherwise: Report

Earnings Beats

UP Fintech Holding Q1 EPS $0.20 Up From $0.09 YoY, Sales $122.61M Beat $111.60M Estimate

The U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced that the Centers for Disease Control and Prevention will no longer recommend COVID-19 vaccines for healthy children and pregnant women, sparking criticism from public health experts who cite ongoing risks.
What Happened: Kennedy <a href="https://www.benzinga.com/news/25/05/45661031/robert-f-kennedy-jr-says-cdc-drops-covid-vaccine-for-healthy-pregnant-women-children">announced</a> the policy change in a video posted on X, joined by FDA Commissioner Dr. Marty Makary and NIH Director Jay Bhattacharya. &#8220;As of today, the Covid vaccine for healthy children and healthy pregnant women has been removed from the CDC recommended immunization schedule,&#8221; Kennedy stated. Makary said there is no evidence that healthy children &#8220;need&#8221; the vaccine.
The decision bypassed the traditional CDC Advisory Committee for Immunization Practices review process. Dr. Paul Offit, director of the Vaccine Education Center at Children&#8217;s Hospital of Philadelphia, said, &#8220;152 children died last year of COVID. 40% of those children were perfectly healthy,&#8221; challenging Kennedy&#8217;s rationale, <a href="https://abcnews.go.com/Health/healthy-children-vaccination-rfk-jr-cuts-covid-shot/story?id=122303993">reported</a> ABC News.
The policy follows FDA changes <a href="https://www.benzinga.com/government/regulations/25/05/45537919/fda-limits-annual-covid-19-boosters-to-high-risk-americans-demands-new-trials-for-healthy-adults-in-policy-shift-under-rfk-jr">limiting annual boosters to Americans</a> over 65 and high-risk groups while requiring new clinical trials for healthy adults under 65.
See Also: <a href="https://www.benzinga.com/tech/25/05/45687704/gary-black-says-teslas-robotaxi-launch-in-june-poses-minimal-risk-to-uber-will-offer-low-cost">Gary Black Says Tesla&#8217;s Robotaxi Launch In June Poses Minimal Risk To Uber: &#8216;Will Offer Low-Cost…&#8217;</a>
Why It Matters: The announcement creates uncertainty for vaccine manufacturers and healthcare investors. Previous FDA policy shifts under the Trump administration have already <a href="https://www.benzinga.com/government/regulations/25/05/45488265/novavax-wins-limited-fda-nod-for-covid-shot-cleared-only-for-seniors-high-risk-groups-amid-safety-scrutiny">impacted vaccine approvals</a>, with Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) receiving only limited approval for seniors and high-risk groups after regulatory delays.
Dr. Gregory Poland from the Atria Research Institute noted that over one million U.S. children may have experienced long COVID, with vaccination reducing emergency room visits and hospitalizations by approximately 40%.
Image via Shutterstock
Read Also:
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<li><a href="https://www.benzinga.com/25/05/45687331/elon-musks-right-hand-man-steve-davis-exits-doge-after-tesla-ceo-steps-back-from-government-work">Elon Musk&#8217;s Long-Time Lieutenant Exits DOGE As Tesla CEO Steps Down From Government Work: Staffers At Agency Surprised</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Biotech

Health Care

General

NVAX

RFK Jr. Drops COVID Vaccine Recommendation For Healthy Kids, But Experts Warn Of Major Risks

Hours after the U.S. Court of International Trade <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">struck down</a> President Donald Trump's tariffs on Thursday, another Washington-based federal judge blocked his attempt to exercise emergency powers to reshape trade policy.
What Happened: U.S. District Judge Rudolph Contreras, appointed by former President Barack Obama, ruled that the International Emergency Economic Powers Act (IEEPA) does not grant Trump the authority to impose or adjust tariffs without approval from Congress, The Hill <a href="https://thehill.com/regulation/court-battles/5324212-court-blocks-trump-tariffs/">reports</a>. Trump had invoked the 1977 law to validate sweeping tariffs on foreign goods, referring to trade imbalances and fentanyl imports as threats to national security.
"This case is not about tariffs qua tariffs," Contreras wrote in a 33-page document. "It is about whether IEEPA enables the President to unilaterally impose, revoke, pause, reinstate, and adjust tariffs to reorder the global economy. The Court agrees with Plaintiffs that it does not."
Despite this ruling, tariffs connected to other statutory powers, such as those on steel and cars, remain unaffected.
Contreras also rejected the Trump administration's request to move the case in the U.S. Court of International Trade. As a result, the lawsuit filed by two small Illinois-based companies, Learning Resources and hand2mind, will move forward in Washington, D.C.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45677845/court-ruling-limiting-trumps-tariff-powers-sparks-hope-for-risk-asset-revival-including-bitcoin">Court Ruling Limiting Trump&#8217;s Tariff Powers Sparks Hope For Risk Asset Revival, Including Bitcoin</a>
Why It Matters: While Conteras delayed enforcement of his ruling for two weeks to let the administration have time to file an appeal, the&nbsp;U.S. Court of Appeals for&nbsp;the Federal Circuit granted a <a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">temporary stay on the judgment of&nbsp;the U.S. Court of International&nbsp;Trade</a>.
The White House responded sharply to these new developments. "The courts should have no role here," press secretary Karoline Leavitt said. "There is a troubling and dangerous trend of unelected judges inserting themselves into the presidential decision-making process," she added.
The ongoing legal pushback against the tariffs could have <a href="https://www.benzinga.com/government/regulations/25/05/45667775/trumps-tariff-refund-could-cost-us-10-billion-with-2-month-end-rebalance-impact-on-equities-in-case-of-an-appeal-uncertainty-is-back-front-and-center">far-reaching impacts on the economy</a>, according to experts, with the administration potentially being compelled to refund $10 billion in tariff revenue. However, many top economists opine that the President has <a href="https://www.benzinga.com/markets/25/05/45666535/hardly-the-end-of-this-story-trump-has-several-legal-options-to-maintain-tariffs-despite-federal-court-ruling-experts-say">many legal options to consider</a>, and that the tariffs are unlikely to be overturned completely.
Read Next: <a href="https://www.benzinga.com/government/regulations/25/05/45676270/chinese-stocks-soar-as-us-court-blocks-trump-tariffs">Chinese Stocks Soar As US Court Blocks Trump Tariffs</a>

Second Federal Judge Blocks Trump's Emergency Tariff Powers, Hours After US Court Of International Trade Ruling

Marvell Technology Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) data center revenue tripled over the last two years, hitting a record in the first quarter of the current fiscal year. The company&#8217;s management expects the momentum to continue going ahead.
What Happened: During the <a href="https://www.benzinga.com/news/earnings/25/05/45681892/marvell-technology-stock-slips-after-q1-results-details">first quarter</a>, the company posted a record data center revenue of $1.44 billion, which was up 5% sequentially and 76% year-over-year.
&#8220;Looking ahead to the second quarter, we expect this momentum to continue with data center revenue projected to grow sequentially in the mid-single-digit range on a percentage basis, while maintaining strong year-over-year growth,&#8221; said the chairman and CEO, Matt Murphy, during the earnings call.
Murphy explained that the surge in data center revenue was led by the shipment of its custom silicon and electro-optics products.
&#8220;These strong results along with our second quarter guidance are being driven by the rapid scaling of our custom AI silicon programs to high volume production, along with robust shipments of our electro-optics products for AI and cloud applications,&#8221; he added.
Marvell&#8217;s data center revenue has tripled since 2023, as per the data highlighted by the AI-driven fundamental research platform, FinChat.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Marvell&#39;s Data Center Revenue grew 78% this quarter. They&#39;ve now almost tripled their data center business over the last 2 years.<a href="https://twitter.com/search?q=%24MRVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MRVL</a> <a href="https://t.co/mipw11YoDq">pic.twitter.com/mipw11YoDq</a>
&mdash; FinChat (@finchat_io) <a href="https://twitter.com/finchat_io/status/1928184331291480330?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/25/05/45683632/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy">Stock Market Is Pricing A Never-Before-Seen &#8216;Divergence&#8217; As Equities And Bonds &#8216;Run It Hot&#8217; Amid Gloomy Outlook By Bottom-Up Analysts</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45681892/marvell-technology-stock-slips-after-q1-results-details">Marvell&#8217;s first quarter</a> revenue stood at $1.9 billion, beating the consensus estimate of $1.88 billion. The company also posted better-than-expected earnings of 62 cents per share, above the street estimate of 61 cents.
Marvell sees second-quarter net revenue of $2 billion, plus or minus 5%, and non-GAAP EPS of 67 cents, plus or minus five cents.
However, the shares of the company fell despite good earnings; it ended 1.33% lower on Thursday and slipped 3.28% in after-hours. The stock was down 43.88% in 2025 and 17.07% over the whole year.
Benzinga Edge Stock Rankings shows that MRVL had a stronger price trend over the short term but a weaker trend over the medium and long term. Its momentum ranking was poor, and its value ranking was also weak at the 16.38th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a> 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="140" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30022830/MRVL-EDGE-1024x140.png" alt="" class="wp-image-932582" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30022830/MRVL-EDGE-1024x140.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30022830/MRVL-EDGE-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30022830/MRVL-EDGE-768x105.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30022830/MRVL-EDGE.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Thursday. The SPY was up 0.39% to $590.05, while the QQQ advanced 0.20% to $519.93, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: JHVEPhoto / Shutterstock.com

MRVL

Marvell Technology Data Center Business Triples Over 2 Years As Custom Silicon And Optics Fuel Surge: 'Expect This Momentum To Continue'

Economist Nouriel Roubini believes the markets are the last line of defense against President Donald Trump&#8217;s &#8216;worst instincts&#8217; on the economic front.
What Happened: On Thursday, Roubini, who is popular referred to as &#8220;Dr. Doom&#8221; for predicting 2008 financial crisis, posted on X with a link to his latest Project-Syndicate column detailing the options in front of Trump, and the different paths that U.S. economy can pursue from here.
In the tweet promoting his article, Roubini writes that either Trump will back down from his &#8220;stagflationary policies to concentrate on pro-growth measures&#8221; or the resulting financial stress and recession will lead the Republican Party to lose the 2026 midterm elections.
Roubini argues in his column that while some of Trump's policy ideas, such as tech investment and deregulation will boost growth, others are inherently inflationary and destabilizing.
See Also: <a href="https://www.benzinga.com/25/05/45687265/trumps-former-vp-mike-pence-urges-congress-to-take-immediate-steps-to-reclaim-its-constitutional-authority-on-tariffs">Mike Pence Wants Congress To Take &#8216;Immediate Steps&#8217; To Reclaim Constitutional Power On Tariffs, Says Trump &#8216;Has No Authority&#8230;&#8217;</a>
Among the inflationary and destabilizing policies flagged by Roubini include protectionist tariffs, anti-immigration crackdowns, unfunded deficits, and acts such as Trump&#8217;s recent attacks on the Federal Reserve's independence.
&#8220;These stagflationary policies,&#8221; he says, &#8220;will slow growth and increase prices.&#8221; But the real constraint to these policies, he believes, will come from financial markets themselves. &#8220;Market discipline will again kick in with a vengeance,&#8221; he warns, predicting that the resulting higher yields will either force a policy shift, or a recession.
He further believes that this market discipline, &#8220;not least from bond vigilantes,&#8221; will lead to Trump&#8217;s more moderate advisors getting the &#8220;upper hand.&#8221;
Roubini also dismissed Trump's dollar-weakening agenda as &#8220;far-fetched, bordering on lunacy,&#8221; noting that any attempt to orchestrate a so-called &#8220;Mar-a-Lago Accord&#8221; would likely be met with capital flight and spiking yields.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Market Discipline Will Prevail in the US by Nouriel Roubini <a href="https://twitter.com/ProSyn?ref_src=twsrc%5Etfw">@ProSyn</a> <a href="https://t.co/knqvc8L61A">https://t.co/knqvc8L61A</a> Ultimately, either US President Donald Trump will back down from his stagflationary policies to concentrate on pro-growth measures, or financial stress and a recession will cause the…
&mdash; Nouriel Roubini (@Nouriel) <a href="https://twitter.com/Nouriel/status/1928124528703488329?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The term &#8220;bond vigilantes,&#8221; which refers to bond market investors who protest against the government&#8217;s fiscal and monetary policies by pushing yields higher, has gained a lot of prominence in recent weeks.
Trump&#8217;s initial tariff pause on the 9th of April has similarly been attributed to the <a href="https://www.benzinga.com/25/04/44729384/trump-pauses-tariffs-after-yields-surge-bond-vigilantes-hit-another-homerun-experts-point-to-bond-market-panic-for-reversal">spiking bond yields</a>, with Ed Yardeni of Yardeni Research saying that they&#8217;ve &#8220;hit another homerun.&#8221; 
Macro strategist Craig Shapiro said last week that the <a href="https://www.benzinga.com/25/05/45510990/federal-reserve-should-do-nothing-at-all-about-the-rising-yields-says-craig-shapiro-let-the-bond-vigilantes-eat">Federal Reserve should</a> do &#8220;nothing at all&#8221; in response to the rising Treasury yields, and just &#8220;let the bond vigilantes eat.&#8221;
This is precisely the kind of &#8220;market discipline&#8221; that Roubini has discussed in his post on X and the column in Project-Syndicate.
Photo Courtesy: seyephoto on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45686699/larry-summers-issues-stark-warning-the-big-beautiful-bill-is-actually-a-prescription-for-deadly-dangerous-decline">Larry Summers Issues Stark Warning: &#8216;The Big, Beautiful Bill&#8217; Is Actually A Prescription For &#8216;Deadly, Dangerous Decline&#8217;</a></li>
</ul>

Economics

Federal Reserve

'Dr Doom' Nouriel Roubini Says 'Market Discipline' The Key To Restrain Trump's Worst Instincts — Predicts Market Blowback Or Republican Defeat In 2026 Midterms

Pascal St-Jean, President and CEO of digital asset manager&nbsp;3iQ Corp., revealed the company&#8217;s three-phase master plan, designed to increase cryptocurrency adoption and secure the network infrastructure.
What Happened: In an exclusive chat with Benzinga, St-Jean shed light on the cryptocurrency-focused firm&#8217;s strategy. He said the first phase of the plan involves increasing adoption and securing&nbsp;networks through staking and supporting&nbsp;mining infrastructure, primarily through exchange-traded funds.
&#8220;Phase 2 is bringing more institutions to the game. We do a lot of education. We&#8217;re working with a lot of banks and asset managers globally,&#8221; he said. St-Jean hinted at several upcoming announcements from 3iQ over the next year.
The third and final phase of 3iQ&#8217;s master plan is to transition on-chain, which St-Jean described as the ultimate goal for the company.
&#8220;It&#8217;s not about the next ETF. It&#8217;s not about the next product. It&#8217;s going to be this next new financial ecosystem, distributed, empowered globally and accessible to the world that is coming,&#8221; he predicted about the space.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
Why It Matters: Headquartered in Canada, 3iQ was one of the first players in North America to launch Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) exchange-traded funds.
The company also outpaced <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44971214/solana-staking-etf-surges-18-in-debut-week-heres-how-much-cathie-woods-ark-invest-has-parked-in-it">U.S.-based asset managers</a> in launching its Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) spot ETF, called 3iQ Solana Staking ETF&nbsp;(SOLQ.U), last month. The investment vehicle began trading on the Toronto Stock Exchange on April 16 and has since gained 31% in value.&nbsp;
The ETF has&nbsp;<a href="https://www.benzinga.com/25/04/44880757/cathie-woods-pours-another-4-95-million-into-solana-staking-etf-dumps-bitcoin-etf-again" target="_blank" rel="noreferrer noopener">drawn the interest of</a> Ark Invest, the asset management firm led by seasoned investor Cathie Wood.
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
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