Parsons (NYSE:PSN) 주식

Parsons

Parsons Corp

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

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다음은 지난주 큰 폭의 상승세를 보인 7개의 중형주 주식이다. 이 주식들은 여러분의 포트폴리오에 있나요? 루멘 테크놀러지스(NYSE:LUMN)의 주가는 65.95% 상승했다. 이 회사는 데이터 센터의 AI 수요를 지원하기 위해 코닝과 차세대 광섬유 케이블 공급 계약을 체결했다.

쉐이크쉑와 루멘 테크는 지난주 최고 성과를 보여준 7개 중형주 중 일부 (7월 28일-8월 3일)

Personalis Inc

PERSONAL ASSETS TRUST by Personal Assets Trust Plc

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive Holding UK PLC

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Chinese e-commerce retailer JD.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) reported better-than-expected fourth quarter results and appraised the investors on its artificial intelligence developments during its earnings call. However, its shares declined in Hong Kong on Friday as it skirted the questions around the scale of investment and profitability of its newly launched food delivery business.
What Happened: While JD.com&#8217;s American depository receipts rose in the U.S. on Thursday, the Hong Kong listed shares fell on Friday after the e-commerce retailer&#8217;s management denied shedding much light on the company&#8217;s new food delivery business.
CEO, Sandy Xu spoke about various AI applications during the earnings call, &#8220;Such as AI marketing, AI customer service, developing superior algorithms for search and recommendations to increase traffic allocation efficiency, and AI-enabled streamlining of internal workflow.&#8221;
The company also launched an AI shopping assistant called Singen during the fiscal year that helped users to get personalized search results and recommendations, find the best deals and discounts, and compare products.
&#8220;We expect to see better consumption trends driven by the pickup in domestic demand and operating efficiency and user experience improvement powered by AI adoption,&#8221; said Xu.
See Also: <a href="https://www.benzinga.com/25/03/44138112/defense-stocks-take-centerstage-as-donald-trump-freezes-ukraine-military-aid-heres-a-list-of-top-global-defense-etfs-to-watch">Defense Stocks In Focus As Trump Freezes Ukraine Military Aid: Here&#8217;s A List Of Top Global Defense ETFs To Watch</a>
Why It Matters: During the publication of this article, JD.com shares were down 1.40% in Hong Kong.
When asked about how the company&#8217;s new food delivery initiative called JD Takeaway will affect the company&#8217;s margin and profitability, the CEO explained that it was still in an early exploration stage, and they were making strategic and disciplined experiments and investments.
&#8220;We&#8217;ll retain flexibility to adjust our approach as the business evolves, and we&#8217;ll provide updates to investor and analysts in a timely manner,&#8221; said Xu.
JD.com&#8217;s revenue was up 13.4% year-over-year to $47.54 billion, <a href="https://www.benzinga.com/25/03/44164458/jdcom-q4-earnings-double-digit-growth-retail-and-logistics-surge-hikes-dividend-to-100-per-ads">beating estimates</a>. Its adjusted net income per ADS was $1.02 and the board declared a $1.00 per ADS dividend, up from $0.76 a year ago.
Price Action: JD&#8217;s U.S. listed ADRs ended up 0.37% on Thursday, it was 28.31% higher on a year-to-date basis and up 83.08% over a year.
While the shares fell 1.40% in Hong Kong, its trading volume stood at 16.014 million shares, higher than the average volume of 13.141 million,
<a href="https://www.benzinga.com/quote/JD/analyst-ratings">Benzinga tracks 16 analysts</a> with an average price target of $42 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $27 to $55. Recent ratings from Barclays, Bernstein, and Citigroup average at $50.67, suggesting a potential 15.77% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/JD/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="387" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07004830/JD.com-ANR-1024x387.png" alt="" class="wp-image-813439" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07004830/JD.com-ANR-1024x387.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07004830/JD.com-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07004830/JD.com-ANR-768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07004830/JD.com-ANR.png 1066w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44163029/mstr-short-interest-falls-453-but-technical-analysis-exhibit-mixed-signals-is-michael-saylors-strategy-poised-for-a-bounce-back">MSTR Short Interest Falls 4.53% But Technical Analysis Reveals Mixed Signals: Is Michael Saylor&#8217;s Strategy Poised For A Bounce Back?</a></li>
</ul>
Photo courtesy: JD.com

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JD.com Leans On AI, Industrial Robotics To Automate Processes: Hong Kong Listed Shares Fall As It Skirts Questions On Food Delivery Venture JD Takeaway

On Thursday, American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said it will stop taking custom orders for new Model S and X vehicles in Japan after April 1.
What Happened: The production of the higher-end Tesla cars for the Japanese market will end on March 31 and after April 1, the company will only sell stock or used vehicles in the country, Tesla said in a post on social media platform X, formerly Twitter. It added that the company will no longer accept custom orders for new Model S and X vehicles starting in April.
&#8220;This period until production ends will be your last opportunity to purchase a new Model S or Model X in Japan, so if you are considering purchasing one, please place your order as soon as possible,&#8221; the company said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Model SおよびModel Xは2025年3月31日をもって、国内向け生産を終了いたします。 2025年4月1日以降、在庫車または中古車のみの販売となり、新車のカスタムオーダーはお受けできません。 この生産終了までの期間がModel SおよびModel… <a href="https://t.co/eRBBIvJayi">pic.twitter.com/eRBBIvJayi</a>
&mdash; Tesla Japan (@teslajapan) <a href="https://twitter.com/teslajapan/status/1897565315363659913?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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Tesla did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>&#8216;s request for comment on the reasons behind this decision. 
Why It Matters:&nbsp;In January 2024, Tesla CEO&nbsp;Elon Musk&nbsp;mourned the company's lack of market share in Japan, terming it "<a href="https://www.benzinga.com/25/01/43078694/tesla-offers-free-supercharging-on-model-3-y-in-japan-a-year-after-musk-mourns-companys-lack-of-market-share-in-geography">remarkably low</a>."
"Japan is the third-largest car market in the world of any country. So we should at least have a market share proportionate to, say, other non-Japanese carmakers like Mercedes or BMW, which we do not currently have," Musk then said while adding that there is a lack of awareness of Tesla in the country.
The Model S and X are Tesla&#8217;s more premium cars. While the Model S starts at 12.67 million yen in Japan, the Model X starts at 14.17 million yen. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/25/03/44162633/elon-musk-thinks-iss-has-served-its-purpose-and-should-be-deorbited-but-sunita-williams-says-it-is-still-at-its-prime-this-place-is-ticking-its-just-really-amazing">Elon Musk Thinks ISS Has Served Its Purpose And Should Be Deorbited, But Sunita Williams Says It Is Still At Its Prime: &#8216;This Place Is Ticking. It&#8217;s Just Really Amazing&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Elon Musk Mourned Tesla's Lack Of Market Share In Japan In 2024: EV Giant To Now Halt Sale Of New Model S, X Vehicles In Country

Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) shares plunged 7.99% in after-hours trading on Thursday after the firearms manufacturer reported third-quarter fiscal results that missed analyst revenue expectations.
What Happened: The Maryville, Tennessee-based company reported quarterly revenue of $115.9 million, falling short of the estimated $119.5 million, reflecting a 2.99% decline, according to <a href="https://www.benzinga.com/quote/SWBI/earnings">data from Benzinga Pro</a>. 
Net sales were down 15.7% compared to the same quarter last year. SWBI reported earnings per share of $0.04, while adjusted EPS came in at $0.02, down significantly from $0.19 in the comparable quarter last year.
&#8220;Our top line revenue for the third quarter came in slightly below our target range,&#8221; said Mark Smith, President and Chief Executive Officer. &#8220;However, lower operating expenses and leveraging of our flexible manufacturing model allowed us to deliver on EPS and EBITDAS expectations.&#8221;
Gross margin declined to 24.1% from 28.7% in the comparable quarter last year, reflecting pressure on the company&#8217;s core product portfolio. Non-GAAP Adjusted EBITDAS was $13.3 million, or 11.5% of net sales, compared with $21.4 million, or 15.6% of net sales, a year ago.
See Also:&nbsp;<a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus" target="_blank" rel="noreferrer noopener">Jeff Bezos Brings Amazon&#8217;s Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To ‘More Bureaucracy…Less Focus&#8217;</a>
Why It Matters: Despite weaker results for existing products, Smith said, &#8220;new products continue to perform very well,&#8221; accounting for over 41% of sales in the quarter, suggesting potential market share gains in those categories.
&#8220;We anticipate that the firearms market will remain steady at current demand levels,&#8221; Smith added, maintaining the company&#8217;s previous guidance of full-year revenue 5-10% lower than fiscal 2024.
The company&#8217;s board declared a quarterly dividend of $0.13 per share, payable on Apr. 3, to stockholders of record on Mar. 20.
Smith &amp; Wesson&#8217;s 2025 lineup includes the Model 1854 lever-action rifle in .357 Magnum (walnut or polymer furniture) and a &#8220;Stealth Hunter&#8221; variant with a shorter barrel, M-LOK forend, and HIVIZ sights, <a href="https://www.hookandbarrel.com/shooting/smith-wessons-new-firearms-for-2025">according</a> to Hook &amp; Barrel Magazine. The No-Lock Classic Revolvers bring back the Model 36, Model 10, and Model 19 without internal locks. New Lipsey's Exclusive revolvers include the lightweight Model 632-UC Ti (.32 H&amp;R Mag) and the 686-Plus and 629 Mountain Guns with walnut grips. The CSX E-Series micro-compacts now feature optics-ready designs and improved grip modularity.
For 2024, Smith &amp; Wesson introduced the M&amp;P 22 Magnum (30-round), Performance Center M&amp;P 10mm (ported barrel), and Model 1854 .44 Magnum.
Price Action: SWBI stock closed Thursday at $11.02, up 2.04% in regular trading, before falling to $10.14 in after-hours trading. The stock is up 10.42% year-to-date but down 16.32% over the past year.
Smith &amp; Wesson Brands Inc. has a $13 <a href="https://www.benzinga.com/quote/SWBI/analyst-ratings">consensus price target</a>, with Lake Street setting both the high and low. Recent ratings from Lake Street and Craig-Hallum imply a 28.21% upside.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06225531/Screenshot-2025-03-07-at-9.24.54%E2%80%AFAM.png" alt="" class="wp-image-813341" style="width:704px;height:auto" /></figure>
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</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.

SWBI

Smith & Wesson Falls 8% After-Hours On Revenue Miss, CEO Mark Smith Says 'New Products Continue To Perform Very Well'

On Thursday, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) CEO Hock Tan dismissed speculation about a <a href="https://in.benzinga.com/markets/25/02/43761300/intel-could-be-split-in-two-as-broadcom-and-tsmc-explore-deals-trump-white-house-resists-foreign-ownership-report">potential merger and acquisition</a> with Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
What Happened: During Broadcom's <a href="https://in.benzinga.com/news/earnings/25/03/44181200/broadcom-stock-surges-on-q1-earnings-beat-revenue-beat-strong-guidance-we-expect-continued-strength-in-ai-semiconductor-revenue">first-quarter earnings</a> call, analyst Vijay Rakesh asked Tan about potential M&amp;A, referencing the Intel split rumors.
In response, Tan made it clear that acquisitions are not on the table for now. "M&amp;A, no, I'm too busy—we're too busy doing AI and VMware at this point," he stated.
Tan's comments come amid reports that Broadcom is eyeing Intel's chip design and marketing business while Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is considering acquiring some or all of Intel's chip plants.
See Also: <a href="https://in.benzinga.com/25/03/44103223/broadcom-debuts-velosky-to-accelerate-5g-and-satellite-adoption">Broadcom Debuts VeloSky To Accelerate 5G And Satellite Adoption</a>
Why It's Important: Broadcom posted a first-quarter revenue of $14.92 billion, surpassing analyst expectations of $14.61 billion. The semiconductor giant also reported adjusted earnings of $1.60 per share for the quarter, exceeding the projected $1.49 per share.
Following the earnings announcement, Broadcom shares <a href="https://in.benzinga.com/markets/equities/25/03/44184068/broadcom-beats-estimates-despite-chip-selloff-gary-black-says-this-should-help-ai-stocks-tomorrow-jim-cramer-calls-decline-a-mistake">surged nearly 13%</a> in after-hours trading, recovering from a previous decline during regular trading hours.
The strong performance in AI results has been a significant factor in boosting investor confidence, as noted by market analysts like Gary Black and Jim Cramer.
Price Action: Broadcom&#8217;s stock closed at $179.45 on Thursday, reflecting a 6.33% drop. However, it rebounded in after-hours trading, gaining 12.82%. Year to date, the stock has fallen by 22.64%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/legal/25/03/44157128/intel-beats-investor-lawsuit-after-32-billion-stock-plunge-judge-rules-foundry-losses-werent-misleading">Intel Beats Investor Lawsuit After $32 Billion Stock Plunge—Judge Rules Foundry Losses Weren&#8217;t Misleading</a></li>
</ul>
Photo Courtesy: Shutterstock.com
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.

AVGO

INTC

Broadcom CEO Hock Tan Brushes Off Intel Acquisition Speculation: 'M&A, No, I'm Too Busy...'

Jailed cryptocurrency fraudster Sam Bankman-Fried shared his prison experience and interaction with fellow inmate rapper&nbsp;Sean Combs, popularly known as "Diddy," according to an interview released Thursday.
What Happened: In an interview with popular media personality&nbsp;Tucker Carlson, Bankman-Fried said Diddy has been &#8220;kind&#8221; to people in the unit, including himself. 
&#8220;It&#8217;s a position no one wants to be in. You know, obviously he doesn&#8217;t. I don&#8217;t,&#8221; the disgraced founder of FTX cryptocurrency exchange said. &#8220;It&#8217;s kind of a soul-crushing place for the world in general.&#8221;
Bankman-Fried said that the prison environment was a combination of high-profile cases and a &#8220;lot of&#8221; alleged ex-gangsters.
Talking about the other inmates, he said that many former armed robbers are &#8220;fairly good&#8221; at chess.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life. (0:00) What Has Prison Been Like? (2:28) Was SBF Ever on Adderall? (4:42) SBF Meeting Diddy in Prison (7:01) How Prison Has Changed… <a href="https://t.co/mNSNktLibg">pic.twitter.com/mNSNktLibg</a>
&mdash; Tucker Carlson (@TuckerCarlson) <a href="https://twitter.com/TuckerCarlson/status/1897709140535132442?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Why It Matters: Bankman-Fried was&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35445270/the-true-cost-of-the-ftx-collapse-how-much-did-sam-bankman-fried-really-make" target="_blank" rel="noreferrer noopener">convicted of misappropriating funds</a>&nbsp;from his&nbsp;FTX&nbsp;cryptocurrency exchange customers and using the money for personal expenses, political contributions, and venture capital investments. 
The news of the foul play triggered a bank run, leading to the exchange&#8217;s collapse and a bear market that saw Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunge to new lows. He was sentenced to 25 years in prison.
Bankman-Fried&#8217;s parents have been discussing with legal experts and individuals within Trump's network regarding a<a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43350879/sam-bankman-frieds-parents-seek-presidential-pardon-from-trump" target="_blank" rel="noreferrer noopener">&nbsp;possible clemency for their son</a>.
As for Diddy, the music sensation has <a href="https://www.dailymotion.com/video/x95tcfe">faced multiple lawsuits</a> alleging sexual misconduct, abuse, and sex trafficking, including from former girlfriend Casandra Ventura. He has denied the allegations.
Photo by Lev Radin on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold">Peter Schiff Predicts A Bitcoin Strategic Reserve Will &#8216;Accelerate&#8217; Dollar&#8217;s Demise: &#8216;Ultimate Winner Will Be Gold&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<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

$BTC

Sam Bankman-Fried Says Prison Inmate Diddy Has Been 'Kind' To Him: 'It's A Position No One Wants To Be In'

President Donald Trump's executive order establishing a Strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement.
What happened: The <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">reserve will be capitalized with Bitcoin</a> already owned by the federal government, obtained through forfeiture proceedings, valued at approximately $17 billion. Additionally, a U.S. Digital Asset Stockpile would be set up, consisting of cryptocurrencies other than Bitcoin. Both entities will be under the control of the Treasury Department, the order read.
The order directed all federal agencies to provide a full accounting of all assets held in their possession to the Treasury Secretary President's Working Group on Digital Asset Markets within the next 30 days
While the government won't sell any BTC, it will also not buy any new Bitcoin unless it can do so in a "budget-neutral" way and without imposing incremental costs on American taxpayers.
Noted economist and Bitcoin critic Peter Schiff interpreted it as simply seizing more Bitcoin and adding them to the reserve.
"But they can&#8217;t buy any more, as buying by definition requires a payment," Schiff said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I had not read the full text. Apparently it does authorize acquiring more Bitcoin so long as they can do so at zero cost. So I guess that means if they seize any more Bitcoin they can keep that too. But they can&#39;t buy any more, as buying by definition requires a payment.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897811647018025027?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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Bitcoin advocate God Almaxi argued that the government can sell other seized assets to buy Bitcoin as long as there's no net cost for taxpayers.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They can buy as long as it's budget neutral. There are lots of ways to accomplish this at scale.
&mdash; God Almaxi &#x1f7e0; (@GodAlmaxi) <a href="https://twitter.com/GodAlmaxi/status/1897812240507826328?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Another well-known cryptocurrency influencer, Kashif Raza, said the dull reaction was due to high expectations that the government would buy 200,000 BTC per year.&nbsp;
Notably, Sen. Cynthia Lummis' (R-Wyo.) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in">legislation </a>had proposed the purchase of 1 million Bitcoins over five years.
Raza further highlighted that there was no provision to buy additional assets for the Digital Asset Stockpile—presumably consisting of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>).
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big Breaking News: PRESIDENT TRUMP OFFICIALLY SIGNS THE EXECUTIVE ORDER TO ESTABLISH BITCOIN STRATEGIC RESERVE. What is it exactly? &#8211; The US is not going to print new money to buy Bitcoin. &#8211; The US will not sell any Bitcoin confiscated from criminals or in any other criminal…
&mdash; Kashif Raza (@simplykashif) <a href="https://twitter.com/simplykashif/status/1897831906130940051?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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The cryptocurrency industry will shift its focus to Friday&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44125213/white-house-crypto-summit-to-feature-roundtable-with-industry-leaders-including-michael-saylor">White House Crypto Summit</a>, featuring notable industry figures such as&nbsp;Michael Saylor alongside government officials like Treasury Secretary&nbsp;Scott Bessent and Commerce Secretary&nbsp;Howard Lutnick, to learn more about the structure of the reserve.
Price Action: At the time of writing, Bitcoin was exchanging hands at $$87,580.33, down 4.08% 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>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold">Peter Schiff Predicts A Bitcoin Strategic Reserve Will &#8216;Accelerate&#8217; Dollar&#8217;s Demise: &#8216;Ultimate Winner Will Be Gold&#8217;</a></li>
</ul>

Politics

$ADA

$ETH

$SOL

$XRP

Trump-Announced Strategic Bitcoin Reserve To Allow Buying Additional BTC? Peter Schiff Doesn't Think So But Here's What The Order Says

Xiaomi Corp.'s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) upcoming 16 Pro flagship smartphone could feature a 3D-printed metal mid-frame — a move that could spark a broader industry shift, much like Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) adoption of CNC machining for MacBook unibody casings did.
What Happened: On Thursday, renowned analyst Ming-Chi Kuo of TF Securities took to X, formerly Twitter, and said that Xiaomi is using Bright Laser Technologies's 3D printing technology to manufacture the metal mid-frame of the Xiaomi 16 Pro, expected to launch in late 2025.
"The advantage of producing smartphone mid-frames with 3D printing lies in its ability to leverage hollow designs, which reduce weight and enhance thermal performance without compromising structural strength," Kuo stated.
See Also: <a href="https://in.benzinga.com/25/03/44070785/top-analyst-shuts-down-nvidia-cowos-order-cut-rumors-confirms-tsmcs-2025-expansion-is-steady-at-70000-wafers-per-month">Ming-Chi Kuo Dismisses Nvidia Order Cut Speculation Amid Intact AI Demand, Confirms TSMC Expansion On Track</a>
Previously, production efficiency was a major obstacle to 3D printing adoption in smartphones. However, Kuo notes that as technology improves, manufacturers will increasingly embrace 3D printing, even before it matches the efficiency of traditional methods.
&#8220;This shift echoes past innovations: before Apple pioneered CNC technology for making MacBook unibody metal casing, few believed such a process could scale to consumer electronics,&#8221; the analyst stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My latest industry survey shows that Xiaomi's upcoming flagship, the Xiaomi 16 Pro, set to launch in late 2025, is also adopting a metal mid-frame produced with Bright Laser Technologies (BLT)'s 3D printing technology. This points to an accelerating trend of using 3D printing for…
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1897706262240149915?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: According to a February 2025 Canalys report, the global smartphone market saw a 7% growth in 2024, reaching 1.22 billion units and reversing a two-year decline.
Apple retained its position as the top vendor for a second consecutive year. However, iPhone shipments for the year declined by 1% to 225.9 million units.
Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) secured the second spot, maintaining its focus on profitability, with its shipments also falling by 1% to 222.9 million units.
Xiaomi held onto third place and played a key role in driving overall market growth. With strong momentum in Mainland China and ongoing expansion into emerging markets, Xiaomi's shipments surged by 15% to 168.6 million units.
Photo by Alan Sau on Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/markets/25/02/43692026/apples-next-big-bet-tim-cook-led-company-is-exploring-humanoid-as-well-as-non-humanoid-robots-for-smart-home-future-says-top-analyst">Apple&#8217;s Next Big Bet? Tim Cook-Led Company Is &#8216;Exploring&#8217; Humanoid As Well As Non-Humanoid Robots For Smart Home Future, Says Top Analyst</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.

AAPL

SSNLF

XIACF

XIACY

Will Your Next Smartphone Be 3-D Printed? Analyst Suggests This Pro Model Phone Could Spur That Change

Wedbush Securities analyst Dan Ives added Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to the firm&#8217;s Best Ideas List on Thursday, reiterating an &#8220;Outperform&#8221; rating and $550 price target despite growing challenges facing the electric vehicle maker.
What Happened: &#8220;This is a gut check moment for Tesla bulls after this massive sell-off,&#8221; Ives posted on X, calling the current situation a critical juncture where negative sentiment has overshadowed Tesla&#8217;s potential as &#8220;a unique disruptive global tech story.&#8221;
Ives addressed the &#8220;elephant in the room&#8221; – CEO Elon Musk&#8216;s involvement with the Department of Government Efficiency and his close relationship with President Donald Trump. He estimates &#8220;less than 5% of Tesla sales globally are at risk&#8221; despite widespread brand concerns.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are adding Tesla to the Wedbush Best Ideas List and reiterate our OUTPERFORM rating and $550 price target. &#x1f447;&#x1f402; <a href="https://t.co/O0wdGcZfNW">pic.twitter.com/O0wdGcZfNW</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1897821823900762432?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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Tesla shares have fallen 30.54% year-to-date, closing at $263.45 on Thursday, significantly below the <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">average analyst price target</a> of $329.26.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06220436/Screenshot-2025-03-07-at-8.33.58%E2%80%AFAM.png" alt="" class="wp-image-813275" style="width:559px;height:auto" /></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44184068/broadcom-beats-estimates-despite-chip-selloff-gary-black-says-this-should-help-ai-stocks-tomorrow-jim-cramer-calls-decline-a-mistake">Broadcom Shares Jump 13% In After-Hours Trading On Strong AI Results — Gary Black Says, &#8216;This Should Help AI Stocks Tomorrow</a>
Why It Matters: These concerns have manifested in <a href="https://in.benzinga.com/25/03/44135841/elon-musk-slams-attacks-on-tesla-vehicles-after-incident-in-brookline-vandalism-is-not-free-speech">protests at Tesla showrooms</a> and charging stations across the U.S., with demonstrators opposing Musk&#8217;s role in reducing the federal workforce. Recent incidents include vandalism of Tesla vehicles in Brookline, Massachusetts, and arson at a Littleton supercharger station.
The company&#8217;s brand value dropped 26% to $43 billion in 2025 rankings, according to Brand Finance, with Tesla falling from <a href="https://www.benzinga.com/news/global/25/01/43172806/tesla-lost-15-billion-in-brand-value-in-2024-report-says-did-elon-musks-political-push-hurt-ev-giant">18th to 36th place globally</a>.
Additionally, potential <a href="https://www.benzinga.com/25/03/44176616/trump-vs-musk-tesla-to-be-hurt-by-tariffs-on-mexico-despite-friendship">Trump tariffs on Canada and Mexico</a> could impact Tesla, which sources 20-25% of parts for various models from Mexico, according to the U.S. Department of Transportation, National Highway Traffic Safety Administration.
Despite these challenges, Ives remains bullish on Tesla&#8217;s future, pointing to upcoming innovations including a sub-$35,000 model and the launch of unsupervised Full Self-Driving in Austin this June. Ives values Tesla&#8217;s autonomous technology potential at $1 trillion alone.
&#8220;We believe autonomous and Optimus will represent 90% of Tesla&#8217;s valuation,&#8221; Ives concluded.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</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.

Dan Ives Calls Out 'Elephant In The Room' Amid Tesla Selloff, Addresses Elon Musk's Trump Ties As Wedbush Reiterates $550 Target

Larry Page, the co-founder of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), the holding company for Google, is reportedly building a new AI-powered startup, Dynatomics.
What Happened: Page is working with a small team of engineers on AI-driven technology that can generate highly optimized product designs and have them manufactured in factories, <a href="https://techcrunch.com/2025/03/06/google-co-founder-larry-page-reportedly-has-a-new-ai-startup/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAM8uQdkyfxfUnv3ZNiMkZFb8gCkwNwpdeTZvBxaWZ7aPPKX-vkILxZe6XBV_FCfvu1fhwUGnmDPyNBn-W3qBJAsRl6SJ3rOw8nNw49u0UH4hWXRpnrphBXawcYQvi4AHmZW7yjZ_GtFO6kXxBmPtdPZkxcpMC3iTYtdVSreMzoEA">reported</a> TechCrunch, <a href="http://theinformation.com/articles/larry-page-has-a-new-ai-startup (opens in a new tab)">citing</a> The Information.
The stealth startup is being led by Chris Anderson, the former CTO of Page-backed electric airplane company Kittyhawk.
See Also: <a href="https://www.benzinga.com/news/24/11/42154628/larry-page-google-co-founder-said-hed-leave-his-fortune-to-elon-musk-over-charity-because-of-his-plans-to-go-to-mars-to-back-up-humanity">Larry Page, Google Co-Founder, Said He&#8217;d Leave His Fortune To Elon Musk Over Charity Because Of His Plans &#8216;To Go To Mars To Back Up Humanity&#8217;</a>
The startup's goal is to streamline product development by leveraging AI to create designs that maximize efficiency, durability, and functionality.
While details remain scarce, Dynatomics is expected to focus on automating and enhancing the manufacturing process across industries.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Page's initiative follows a growing trend of AI-driven manufacturing innovation. Other startups, such as Orbital Materials and PhysicsX, are already exploring AI applications in material discovery and engineering simulations.
The Google co-founder currently has a net worth of $156 billion, making him the eighth wealthiest person in the world, according to Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>.
Most of Page&#8217;s wealth comes from his stake in Alphabet. He holds Class B and C shares, owning around 6% of the company, based on its 2024 proxy and an April 2022 filing.
Photo Courtesy: Jakub Krechowicz On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38849496/elon-musk-recalls-breaking-friendship-with-googles-larry-page-over-ilya-sutskever-linchpin-for-opena">Elon Musk Recalls Breaking Friendship With Google&#8217;s Larry Page Over Ilya Sutskever: &#8216;Linchpin For OpenAI Being Successful&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

GOOG

GOOGL

Google Co-Founder Larry Page's New AI Startup Could Change How Humans Make Things Forever: Report

Leading cryptocurrencies slipped on Thursday as President Donald Trump's executive order to create a strategic Bitcoin reserve became a "sell-the-news" event.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:15 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-4.32%</td>
<td>$86,345.56</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>-4.99%</td>
<td>$2,124.96</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>-5.23%</td>
<td>$0.1920</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The leading cryptocurrency dropped from $90,000 to $84,979 in 40 minutes after the news became public before recovering to $86,000 as traders bought the dip.&nbsp;
Ethereum, the second-largest cryptocurrency, also dipped to $2,100 following an intraday high of $2,319.40.
The fall came after Trump <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">signed an executive order</a> establishing a Bitcoin reserve and a digital asset stockpile of other cryptocurrencies, both funded by forfeited assets held by the U.S. government. While the government may acquire additional Bitcoin, no extra purchases for the digital stockpile will be made.
About $537 million was liquidated from the cryptocurrency market in the last 24 hours, including $111 million in the last hour alone.
Bitcoin's Open Interest fell 2.58% in the last 24 hours, while the percentage of traders positioned short on the apex cryptocurrency increased to 51%.
Meanwhile, the Crypto Fear and Greed Index improved from "Extreme Fear" to "Fear" as of this writing.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:15 p.m. ET)</td>
</tr>
<tr>
<td>Cronos (CRO)</td>
<td>+6.18%</td>
<td>$0.0853</td>
</tr>
<tr>
<td>Movement (MOVE)</td>
<td>+5.60%</td>
<td>$0.4701</td>
</tr>
<tr>
<td>Ethene (ENA)</td>
<td>+3.07%</td>
<td>$0.3619</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.82 trillion, following a decrease of 4.55% in the last 24 hours.
Following a brief reprieve, stocks resumed their correction on Thursday. The Dow Jones Industrial Average dipped 427.51 points, or 0.99%, to close at 42,579.08. The S&amp;P 500 slipped 1.78%, ending at 5,738.52, while the tech-heavy Nasdaq Composite tumbled 2.61% to close the session at 18,069.26.
The selling came despite Trump <a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">postponing the enforcement of</a> a 25% tariff on most Mexico imports for a month. The administration's trade measures and retaliatory action by key partners have rattled markets over the last month.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Bitcoin's long-term holders have taken advantage of the ongoing correction to fill their bags, according to widely followed cryptocurrency analyst, Ali Martinez.
"Long-term holders are accumulating! The supply held by long-term holders has increased by 85,000 BTC in the past month," Martinez said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Long-term holders are accumulating! The supply held by long-term holders has increased by 85,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> in the past month. <a href="https://t.co/udy0Aqg6BW">pic.twitter.com/udy0Aqg6BW</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1897757076585116008?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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As for Ethereum, Martinez highlighted the significance of $2,200.
"As long as ETH stays above $2,200, the odds of a rebound increase, especially with the TD Sequential flashing a buy signal on the weekly chart," he remarked.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As long as <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> stays above $2,200, the odds of a rebound increase, especially with the TD Sequential flashing a buy signal on the weekly chart in the form of an A13! <a href="https://t.co/UmowxKOV9R">pic.twitter.com/UmowxKOV9R</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1897744745155477553?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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Well-known blockchain analytics firm CryptoQuant noted that stablecoin reserves on cryptocurrency exchange Binance have hit a new high.
"Historically, periods of rising stablecoin reserves on Binance have often coincided with, or even preceded, an increase in BTC prices and a broader upswing in the crypto market," the firm stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Binance&#39;s stablecoin reserves hit a new ATH "When we observe an increase in stablecoin reserves on Binance—currently the exchange with the highest trading volumes—it indicates a positive momentum." – By <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> Dive deeper &#x2935;&#xFE0F;<a href="https://t.co/zZoVVjXBOg">https://t.co/zZoVVjXBOg</a> <a href="https://t.co/wfwUZQtAVR">pic.twitter.com/wfwUZQtAVR</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1897765406040821779?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/news/global/25/03/44174606/jpmorgan-questions-viability-of-us-crypto-reserve-cites-issues-with-smaller-tokens">JPMorgan Questions Viability of US Crypto Reserve, Cites Issues With Smaller Tokens</a></li>
</ul>

Trading Ideas

$DOGE

Bitcoin, Ethereum, Dogecoin Fall After Trump's Executive Order On Strategic BTC Reserve: ETH Poised For Rebound As Long As It Stays Above $2,200, Says Analyst

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares jumped 12.82% in after-hours trading Thursday after reporting better-than-expected first-quarter results, recovering from a 6.33% drop during regular trading hours amid a broader artificial intelligence chip selloff.
What Happened: The semiconductor giant posted first-quarter revenue of $14.92 billion, surpassing analyst estimates of $14.61 billion, along with adjusted earnings of $1.60 per share, exceeding the expected $1.49 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The Future Fund LLC Managing Partner Gary Black highlighted Broadcom&#8217;s strong performance stating, &#8220;This should help AI stocks tomorrow.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24AVGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AVGO</a>: After falling -6.3% today on rival <a href="https://twitter.com/search?q=%24MRVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MRVL</a> ‘s weak 1Q rev guidance, AVGO beat on 4Q results (Rev $14.9B vs $14.6B est; EPS $1.60 vs $1.50 est) and offered strong 1Q rev guidance ($14.9B vs $14.6B est) fueled by strong AI spending ($4.4B vs $4.2B est). This should help AI…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1897769857854140838?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CNBC&#8217;s Jim Cramer shared a similar sentiment, writing, &#8220;Whoever is walking down Broadcom right now I think is making a mistake.&#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">Whoever is walking down Broadcom right now i think is making a mistake
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1897791563738104078?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The company expects continued AI momentum, projecting second-quarter AI semiconductor revenue of $4.4 billion as &#8220;hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers.&#8221; Overall second-quarter revenue guidance stands at approximately $14.9 billion, above <a href="https://www.benzinga.com/news/earnings/25/03/44181200/broadcom-stock-surges-on-q1-earnings-beat-revenue-beat-strong-guidance-we-expect-continued-strength-in-ai-semiconductor-revenue">analyst estimates of $14.76 billion</a>.
See Also: <a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus" target="_blank" rel="noreferrer noopener">Jeff Bezos Brings Amazon's Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To ‘More Bureaucracy…Less Focus'</a>
Why It Matters: The selloff in <a href="https://www.benzinga.com/government/regulations/25/03/44174628/ai-chip-leaders-nvidia-amd-broadcom-slide-amid-marvell-earnings-and-us-policy-concerns">AI chip stocks on Thursday included</a> Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which fell in sympathy with Marvell Technology Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) weaker guidance.
Broadcom has a <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">consensus price target</a> of $537.08 based on 26 analyst ratings, with recent targets from Morgan Stanley, Barclays, and Mizuho averaging $255.33.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06205602/Screenshot-2025-03-07-at-7.25.11%E2%80%AFAM.png" alt="" class="wp-image-813232" style="width:609px;height:auto" /></figure>
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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.

MRVL

NVDA

Broadcom Shares Jump 13% In After-Hours Trading On Strong AI Results — Gary Black Says, 'This Should Help AI Stocks Tomorrow

The U.S. stock market slid today, with the Nasdaq Composite tumbling over 489 points to 18,069.25, a drop of 2.6%. The Dow dipped nearly 1% to 42,579.08, while the S&amp;P 500 declined about 1.8% to 5,738.52.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)
The stock closed down 6.33% at $179.45, with an intraday high and low of $186.83 and $177.61, respectively. Its 52-week high and low stand at $251.88 and $119.76. Broadcom reported a <a href="https://www.benzinga.com/news/earnings/25/03/44181200/broadcom-stock-surges-on-q1-earnings-beat-revenue-beat-strong-guidance-we-expect-continued-strength-in-ai-semiconductor-revenue">first-quarter revenue</a> of $14.92 billion, surpassing analyst estimates of $14.61 billion.
Costco Wholesale Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)
Costco&#8217;s stock fell by 2.02% to close at $1,026.62. The stock&#8217;s intraday high and low were $1,045.89 and $1,019.05, with a 52-week range of $1,078.24 to $697.27. <a href="https://in.benzinga.com/news/earnings/25/03/44180426/costco-q2-earnings-revenue-beat-eps-miss-comps-up-68-driven-by-strength-in-the-us">The company reported</a> second-quarter revenue of $62.72 billion, beating the consensus estimate of $63.13 billion.
Intuitive Machines Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
Intuitive Machines saw a drastic drop of 20.20% to close at $11.26. The stock hit an intraday high and low of $14.08 and $10.25, with a 52-week high and low of $24.95 and $3.15.&nbsp;<a href="https://www.benzinga.com/general/space/25/03/44181829/intuitive-machines-stock-is-in-free-fall-thursday-whats-going-on">The company&#8217;s shares fell</a>&nbsp;after its moon lander experienced technical issues during an attempted moon landing.
Walgreens Boots Alliance Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)
Walgreens&#8217; stock dipped 1.40% to close at $10.60. The intraday high and low were $10.78 and $10.56, with a 52-week range of $22.05 to $8.08. <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44182479/walgreens-stock-rises-as-company-inks-10b-deal-to-go-private">Walgreens announced</a> a deal to be acquired by Sycamore Partners for $10 billion, which is expected to close in the fourth-quarter of 2025.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock closed down 5.61% at $263.45, with an intraday high and low of $272.65 and $260.02. Its 52-week high and low are $488.54 and $138.80, respectively. <a href="https://www.benzinga.com/25/03/44160707/tesla-to-put-up-third-megafactory-near-houston-texas-report">Tesla is reportedly planning</a> to establish a third megafactory in Texas after commencing production at its Shanghai facility.
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.
Photo Courtesy: Shutterstock.com
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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>

COST

LUNR

Broadcom, Costco, Intuitive Machines, Walgreens, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The State Department, under Secretary Marco Rubio, is reportedly launching an AI-driven initiative to revoke the visas of foreign students who express views deemed supportive of Hamas.
What Happened: In a policy shift, the State Department will deploy artificial intelligence to analyze the social media activity of student visa holders, searching for signs of sympathy toward Hamas or other designated terrorist organizations, <a href="https://www.axios.com/2025/03/06/state-department-ai-revoke-foreign-student-visas-hamas">reported</a> Axios, citing senior officials.
The effort, known as &#8220;Catch and Revoke,&#8221; will also review past arrests, school suspensions, and media reports on anti-Israel demonstrations to determine whether a visa should be revoked.
See Also: <a href="https://in.benzinga.com/news/global/25/01/43216186/hamas-releases-four-female-israeli-soldiers-after-more-than-a-year-in-captivity">Hamas Releases Four Female Israeli Soldiers After More Than a Year in Captivity</a>
The initiative is being coordinated with the Departments of Justice and Homeland Security.
Officials say the move follows a review of 100,000 students in the Student Exchange Visitor System, which found that no visas had been revoked during the Joe Biden administration despite instances of student arrests.
Rubio and other officials argue that prior policies allowed foreign nationals to engage in what they call extremist rhetoric without consequences.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: On Tuesday, during <a href="https://in.benzinga.com/markets/equities/25/03/44133368/trumps-congressional-address-taps-elon-musk-for-government-overhaul-revives-drill-baby-drill-for-energy-boom">his Congressional address</a>, President Donald Trump pledged to cut off federal funding to educational institutions that permit what he describes as unlawful protests.
&#8220;Agitators will be imprisoned/or permanently sent back to the country from which they came. American students will be permanently expelled or .. arrested,&#8221; he stated at the time.
Hamas is officially classified as a foreign terrorist organization by the U.S. government.
Last month, Israel announced <a href="https://in.benzinga.com/news/25/02/43780545/israel-to-begin-negotiations-with-hamas-for-permanent-cease-fire-release-of-remaining-hostages">plans to enter negotiations</a> with Hamas to secure a lasting ceasefire in Gaza and facilitate the release of remaining Israeli hostages.
Photo Courtesy: Maxim Elramsisy on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Government

Regulations

Marco Rubio Is Harnessing The Power Of AI To Cancel Visas Of Foreign Students With 'Pro-Hamas' Views: 'Catch And Revoke'

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and GitLab Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>). These trades reflect Ark&#8217;s strategic positioning in the tech and AI sectors, following recent earnings reports from both companies.
The Tempus AI Trade
Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) acquired 225,833 shares of Tempus AI, while ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) purchased 44,969 shares. The transactions were valued at $13.23 million. For the day, Tempus AI shares ended 7.9% lower at $48.86. 
These trades come after Tempus AI&#8217;s recent quarterly earnings report, which showed a revenue miss but an earnings-per-share beat. The company reported fourth-quarter revenue of $200.68 million, falling short of the $203.12 million estimate. However, its adjusted loss of 18 cents per share was better than the anticipated 20-cent loss. 
Despite the mixed results, Tempus AI provided strong guidance. Analysts have <a href="https://in.benzinga.com/insights/analyst-ratings/25/02/43936345/the-analyst-verdict-tempus-ai-in-the-eyes-of-7-experts">varied opinions</a> on Tempus AI, with some expressing bullish sentiments while others remaining cautious.
The GitLab Trade
On the same day, Ark Invest&#8217;s ARKK and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) collectively purchased 86,906 shares of GitLab. This trade was valued at $5.06 million based on Thursday&#8217;s closing price of $58.25.
This move follows GitLab&#8217;s <a href="https://www.benzinga.com/news/earnings/25/03/44095065/gitlab-shares-rise-after-better-than-expected-q4-report-details">impressive fourth-quarter earnings report</a>, which exceeded expectations. GitLab reported earnings of 33 cents per share, surpassing the consensus estimate of 23 cents. Additionally, its revenue of $211.43 million beat the expected $206.12 million.
Other Key Trades:
<ul>
<li>Purchased Ibotta Inc. (IBTA) stock through ARKK and ARKF</li>
<li>Purchased Recursion Pharmaceuticals Inc. (RXRX) shares through ARKG.</li>
<li>Sold shares of Uipath Inc. (PATH) via ARKK and Draftkings Inc. (DKNG) through ARKW.</li>
<li>ARKG sold Repare Therapeutics Inc. (RPTX) and Exact Sciences Corp. (EXAS) stock </li>
</ul>
Image via Shutterstock
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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>

ETFs

ARKG

ARKK

ARKW

GTLB

Cathie Wood Smelling AI Opportunity? Ark Invest Buys Tempus AI Dip, Scoops Up Over $13 M Worth Of Stock

SpaceX marked a significant advancement in rocket reusability on Mar. 7 when the launch tower successfully caught its Super Heavy booster during <a href="https://www.benzinga.com/general/space/25/03/44158838/elon-musks-spacex-starships-next-test-flight-further-postponed-to-thursday">Starship&#8217;s eighth test flight</a>, though the mission ended with the loss of the Starship upper stage.
What Happened: The mission launched from Starbase in Texas after overcoming technical delays that had scrubbed an earlier Mar. 3 attempt. The flight featured several critical tests, including deploying four Starlink satellite simulators and reentry experiments designed to advance the Starship system&#8217;s capabilities.
<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">Mechazilla has caught the Super Heavy booster! <a href="https://t.co/JFeJSdnQ5x">pic.twitter.com/JFeJSdnQ5x</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1897794546781532408?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Super Heavy booster executed a precision boost-back burn and was captured by &#8220;Mechazilla,&#8221; SpaceX&#8217;s innovative launch tower equipped with giant mechanical arms. This catch represents a crucial milestone in SpaceX&#8217;s quest for full rocket reusability, a cornerstone of CEO Elon Musk&#8216;s <a href="https://www.benzinga.com/news/24/06/39226248/elon-musk-outlines-future-starship-goals-after-successful-fourth-flight-test">vision for reducing space access costs</a>.
Musk also promoted the Starship launch attempt on X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship launch attempt now!<a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1897791914226688504?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;Mechazilla has caught Super Heavy booster,&#8221; SpaceX confirmed on X, showcasing the technology that has been in development since the arms were installed in 2021.
See Also: <a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus">Jeff Bezos Brings Amazon&#8217;s Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To &#8216;More Bureaucracy&#8230;Less Focus&#8217;</a>
Why It Matters: While the booster capture proved successful, the Starship upper stage encountered problems similar to those experienced during Flight 7. After restarting a single Raptor engine in space—a critical capability for future lunar and Mars missions—SpaceX lost contact with the vehicle, which subsequently crashed.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">During Starship&#39;s ascent burn, the vehicle experienced a rapid unscheduled disassembly and contact was lost. Our team immediately began coordination with safety officials to implement pre-planned contingency responses. We will review the data from today&#39;s flight test to better…
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1897803612098900131?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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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.

SPACE

Elon Musk's SpaceX Successfully Catches Super Heavy Booster With 'Mechazilla,' But Starship Upper Stage Lost In Test Flight

Billionaire investor Ray Dalio doesn't do baseless fearmongering. When he speaks, people listen—because he's spent decades successfully predicting economic shifts, financial crises, <a href="https://www.benzinga.com/general/market-summary/25/02/43969651/billionaire-ray-dalio-says-ai-risks-totalitarian-control-or-anarchy-as-it-could-reshape-world-in-next-5-years-here-is-a-list-of-ai-linked-etfs-for-investors-to-consider">and global power shifts</a>. And his latest warning? The U.S. may have crossed a line where political and social conflicts are no longer solvable through discussion.
"We are probably past the point of being able to resolve that by compromise and empathy and all of that," Dalio said during his appearance on <a href="https://youtu.be/0j1gcGD5DrA?si=dJGMa8bNax0Xfm3j">Tucker Carlson's show last month</a>.
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This isn't just a passing comment. Dalio is saying that the nation's internal divisions are now so severe that traditional resolutions—like bipartisan cooperation and civil discourse—are no longer viable. His words paint a bleak picture of a country that may be on an irreversible path toward deeper turmoil.
<h2 class="wp-block-heading">Dalio's Track Record: Why His Warnings Matter</h2>
Dalio isn't some doomsday prophet making wild predictions. He's the founder of Bridgewater Associates, the world's largest hedge fund, which has managed over $170 billion in assets. He called the 2008 financial crisis before it happened and has been studying economic cycles for decades. His <a href="https://www.benzinga.com/news/25/02/43901059/ray-dalios-holy-grail-investment-strategy-why-10-15-diversified-investments-could-make-you-a-fortune">expertise isn't just in markets</a>—it's in understanding global systems, historical trends, and human behavior.
So when he says the U.S. is facing a crisis beyond repair, it's not a random hot take. It's based on patterns he's seen throughout history—and he believes the warning signs are flashing bright red.
Trending: The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a>
<h2 class="wp-block-heading">A ‘Civil War' of Values and Wealth</h2>
Carlson pressed Dalio to elaborate on his claim that the U.S. is in a civil war, noting that "most Americans don't perceive that." Dalio clarified that while it's not a traditional civil war, it is a "type of civil war" driven by "irreconcilable differences."
"What I mean is that there are irreconcilable differences that each side is willing to fight for in order to get the outcomes that they want," he explained.
The division, in his view, isn't just about politics. It's a combination of economic disparity, clashing values, and growing distrust in institutions.
<ul>
<li>The wealth gap is exploding. The rich are getting richer, while 60% of Americans struggle with below a sixth-grade reading level—making it even harder for them to adapt to a rapidly changing job market.</li>
</ul>
<ul>
<li>Political polarization is at historic levels. Dalio cited data showing that the gap between conservative and liberal votes in Congress is the largest since 1900 and that the number of votes crossing party lines is the lowest in over a century.</li>
<li>People no longer trust the system. "Does the legal system stand in the way of that fight? Or is there going to be a fight that will make the cause more important than anything?" Dalio asked.</li>
</ul>
His conclusion? The U.S. is no longer functioning as a unified nation.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">A Nation on the Brink of Fragmentation</h2>
Dalio doesn't believe this division will magically heal itself. Instead, he predicts that the U.S. will break apart even further.
"I think we're going to more fragmentation," he said, suggesting that different states will become increasingly isolated from one another, operating <a href="https://www.benzinga.com/markets/25/02/43756938/ray-dalio-warns-of-looming-us-debt-crisis-says-america-faces-economic-heart-attack-without-fiscal-cuts">under vastly different rules</a> and priorities.
This isn't just speculation. He said we're already seeing it play out:
<ul>
<li>Sanctuary city policies have created deep rifts between federal and state governments over immigration enforcement.</li>
<li>States like California and Texas are essentially operating as their own economic powerhouses with drastically different approaches to governance.</li>
<li>Legal battles over Supreme Court decisions continue to erode public confidence in the justice system.</li>
</ul>
Dalio argues that historically, these types of divisions do not end peacefully. He points out that conflict—whether social, political, or even violent—is the usual outcome when societies reach this level of polarization.
See Also: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>
<h2 class="wp-block-heading">Can Anything Stop This?</h2>
When Carlson pressed Dalio on potential solutions, he didn't offer much optimism.
"The only thing that can be done is to have the fear of that create a necessity for having another path," he said.
In other words, unless Americans truly grasp how bad things could get, they won't be motivated to fix it. The problem? He doesn't believe that's happening fast enough.
Dalio compared today's crisis to past historical cycles where nations ignored warning signs until it was too late. He doesn't see any serious efforts to bridge the divide—and that's what worries him most.
<h2 class="wp-block-heading">Final Thoughts: A Warning We Can't Ignore</h2>
Dalio has built his career on spotting trends before they become crises. His latest warning isn't just about politics—it's about the fundamental breakdown of cooperation, economic stability, and national unity.
If he's right, the U.S. isn't just in a rough patch. It may be on an irreversible course toward fragmentation and conflict.
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Personal Finance

'Probably Past the Point of Compromise and Empathy' — Billionaire Investor Ray Dalio Tells Tucker Carlson We're Already In A 'Civil War'

White House-appointed ‘AI and Crypto Czar' David Sacks revealed that President Donald Trump signed an Executive Order to establish a Strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve on Thursday, a move that will not cost taxpayers.
What Happened: In an X post, Sacks stated that the reserve will be funded with Bitcoin owned by the federal government, obtained through criminal or civil asset forfeiture proceedings. &#8220;This means it will not cost taxpayers a dime,&#8221; he added. The U.S. government is estimated to own about 200,000 bitcoin, but a complete audit has never been conducted. The Executive Order directs a full accounting of the government&#8217;s digital asset holdings. The reserve is worth approximately $17 billion at prevailing price for the apex cryptocurrency. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…
&mdash; David Sacks (@davidsacks47) <a href="https://twitter.com/davidsacks47/status/1897802280738734236?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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According to Sacks, the U.S. will not sell any Bitcoin deposited into the Reserve, instead keeping it as a store of value. He likened the Reserve to a &#8220;digital Fort Knox&#8221; for the cryptocurrency often referred to as &#8220;digital gold.&#8221;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
&#8220;The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers,&#8221; Sacks mentioned.
Additionally, the Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than Bitcoin that were forfeited in criminal or civil proceedings.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> signs an Executive Order to declassify the JFK, RFK, and MLK Jr. files! <a href="https://t.co/BHHdjMLrl0">pic.twitter.com/BHHdjMLrl0</a>
&mdash; Margo Martin (@MargoMartin47) <a href="https://twitter.com/MargoMartin47/status/1882528183981146394?ref_src=twsrc%5Etfw">January 23, 2025</a></blockquote>
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&#8220;Very good. I made the promise, right,&#8221; Trump said in a video released by Margo Martin, special assistant to the president.
Price Action: At the time of writing, Bitcoin was exchanging hands at $86,652.93, down 3.84% 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>.
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<li><a href="https://www.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold">Peter Schiff Predicts A Bitcoin Strategic Reserve Will &#8216;Accelerate&#8217; Dollar&#8217;s Demise: &#8216;Ultimate Winner Will Be Gold&#8217;</a></li>
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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/aniket-verma" target="_blank" rel="noreferrer noopener">Aniket Verma</a>

Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: 'I Made The Promise' — BTC Dips 4%

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On Thursday, Sen. Elizabeth Warren (D-Mass.) called out five tech giants, alleging they could gain $75 billion in tax benefits due to their close ties with the Trump administration.
What Happened: In a post on X, Warren pointed out that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</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>) could benefit significantly from tax cuts proposed by the Trump administration. She urged for transparency in the lobbying efforts of these companies and their potential impact on executive compensation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla, Amazon, Meta, Apple, and Alphabet could rake in $75 billion of tax giveaways after cozying up to the Trump administration. Let's find out how much they spent lobbying for this potential windfall. And let's find out how it could affect their executive compensation. <a href="https://t.co/uJFgkTsLUt">https://t.co/uJFgkTsLUt</a>
&mdash; Elizabeth Warren (@ewarren) <a href="https://twitter.com/ewarren/status/1897800449564328269?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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Warren is pressing the CEOs of major tech firms on their lobbying efforts to restore an immediate R&amp;D tax deduction, which could be worth $75 billion retroactively. She wants details on their spending, political donations, and plans for the funds, with a response due by March 19, according to Semafor. Warren shared her letters to the likes of Elon Musk, Mark Zuckerberg, and Jeff Bezos with the publication.
See Also: <a href="https://www.benzinga.com/news/25/03/44156631/elon-musks-doge-team-has-door-slammed-on-it-at-africa-aid-agency-amid-raging-turf-war">Elon Musk&#8217;s DOGE Team Has Door Slammed On It At Africa Aid Agency Amid Raging Turf War</a>
Why It Matters: This comes in the wake of Trump&#8217;s proposed tax plan, which could reduce federal revenue by $5 trillion to $11.2 trillion over the next decade, according to estimates from the Committee for a Responsible Federal Budget. Critics warn that this could lead to <a href="https://www.benzinga.com/personal-finance/25/02/44063509/trumps-5-trillion-to-11-trillion-tax-plan-a-boost-for-growth-or-a-path-to-unprecedented-debt">severe fiscal consequences</a>, particularly in regard to rising national debt.
The Trump administration&#8217;s tax reduction plans have been <a href="https://www.benzinga.com/25/02/43774882/donald-trumps-tax-cut-could-add-46-trillion-to-deficit-says-robert-reich-emphasizing-48-billion-relief-for-top-100-us-firms-via-corporate-tax-cuts">criticized as a &#8220;shameless giveaway&#8221; </a>that could increase the deficit by $4.6 trillion. The potential tax cuts for wealthy individuals and lower corporate tax rates are likely to widen the U.S. trade deficit. The top 100 firms in the U.S. could see a tax relief of $48 billion, as per former U.S. Secretary of Labor Robert Reich.
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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>

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Elizabeth Warren Wants To Know From Elon Musk, Mark Zuckerberg And Jeff Bezos How Much They Spent Lobbying For 'Potential Windfall' — Accuses Tech Giants Of 'Cozying Up' Up To Trump Administration

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