SES AI (NYSE:SES) 주식

SES AI CORP

SES AI

SES AI Corp is a developer and manufacturer of high-performance, AI-enhanced Lithium-Metal (Li-Metal) and Lithium-ion (Li-ion) rechargeable battery technologies for electric vehicles (EVs), Urban Air Mobility (UAM), drones, robotics, Battery Energy Storage Systems (BESS) and other applications. It includes Software and Hardware products that are EV, UAM, Drone, Molecular Universe, and Avatar.

SES AI Corp

SES AI Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share

SES Solar Inc

SUESS MicroTec SE

Sesa SpA

<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.

Earnings

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:
<ul class="wp-block-list">
<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

News

Markets

Tech

DELL

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:
<ul class="wp-block-list">
<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

ORCL

TSLA

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

Regulations

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 $1.44 billion, which was up 5% sequentially and 76% year-over-year.
&#8220;Looking ahead to the second quarter, we expect this momentum to continue with data center revenue projected to grow sequentially in the mid-single-digit range on a percentage basis, while maintaining strong year-over-year growth,&#8221; said the chairman and CEO, Matt Murphy, during the earnings call.
Murphy explained that the surge in data center revenue was led by the shipment of its custom silicon and electro-optics products.
&#8220;These strong results along with our second quarter guidance are being driven by the rapid scaling of our custom AI silicon programs to high volume production, along with robust shipments of our electro-optics products for AI and cloud applications,&#8221; he added.
Marvell&#8217;s data center revenue has tripled since 2023, as per the data highlighted by the AI-driven fundamental research platform, FinChat.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Marvell&#39;s Data Center Revenue grew 78% this quarter. They&#39;ve now almost tripled their data center business over the last 2 years.<a href="https://twitter.com/search?q=%24MRVL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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.
Read Next:
<ul class="wp-block-list">
<li><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></li>
</ul>
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>
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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: 
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<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>

Government

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

Cryptocurrency

$BTC

$ETH

$SOL

3iQ's CEO Reveals Master Plan As Crypto Asset Manager's Solana ETF Gains 31% Since Launch

LOOP

Loop Industries Q4 Sales $10.80M Up From $45K YoY, Net Income $6.88M Up From Net Loss $5.09M YoY

Future Fund LLC's managing director, Gary Black, says that Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <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">June 12 Robotaxi launch </a>poses no significant threat to Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)
What Happened: "$UBER -4% today on confirmation TSLA will move forward with its Austin robotaxi test starting June 12," the investor said in a post on social media platform X on Thursday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> -4% today on confirmation TSLA will move forward with its Austin robotaxi test starting June 12. Nothing specific from <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>, but the rumor is the test will start with 10-20 Tesla model Ys equipped with latest version of FSD, each supervised remotely by a highly- trained… <a href="https://t.co/pUOfAuPxeb">pic.twitter.com/pUOfAuPxeb</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1928119747184578645?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
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Black then went on to outline how the "Robotaxi Test" would feature 10-20 Model Ys — echoing Tesla CEO Elon Musk's earlier comments — equipped with the company's latest Full Self-Driving (FSD) technology, which would be remotely monitored by teleoperators.
However, the investor added that it was "hardly a risk to the $UBER business model." Black then went on to claim that because of this, "$Uber will offer a low-cost driverless option from every auto mnfr approved for general unsupervised autonomy except $TSLA."
Why It Matters: Black's comments come in as Future Fund offloaded the <a href="https://www.benzinga.com/tech/25/05/45665076/gary-blacks-future-fund-sells-remaining-tesla-stock-reitrates-310-price-target-tslas-valuation-has-become-disconnected">remainder of its Tesla position</a>, citing numerous concerns with issues like valuation, cheaper Tesla models, among others.
Interestingly, Musk had<a href="https://www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead"> earlier brushed off </a>any potential deals with Uber and instead touted a proprietary platform for Tesla owners, which would let them "add or subtract" their cars to and from the company's autonomous fleet and earn money.
However, the Robotaxi launch has inspired confidence among analysts, with Musk's exit from DOGE only adding to the sentiment. Wedbush Securities' analyst Dan Ives called Musk&#8217;s decision "<a href="https://www.benzinga.com/25/05/45667224/dan-ives-calls-elon-musks-trump-white-house-exit-music-to-tesla-shareholders-ears-predicts-renewed-autonomous-vehicle-focus">music to the ears</a>" of Tesla investors and reiterated his bullish views on the company's autonomous driving tech.
Despite the Robotaxi launch and Musk's commitment to the brand, many investors and insiders have sold their Tesla positions, including ARK Investments' <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-b">Cathie Wood</a> and Musk's brother, Kimbal Musk.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3-1024x191.jpg" alt="" class="wp-image-932559" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3-1536x286.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30015840/TSLA-MAY-29-2025-3.jpg 1650w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
TSLA 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</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>
Read Next:
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Photo courtesy: Ken Wolter / Shutterstock.com

UBER

Gary Black Says Tesla's Robotaxi Launch In June Poses Minimal Risk To Uber: 'Will Offer Low-Cost…'

Reported Earlier, Goodyear Sets $500M Bond Offering At 6.625% To Refinance Portion Of Outstanding 2026 Notes

Reported Earlier, Osisko Development To Satisfy $2.5M Third Deferred Tintic Payment In Shares, Enters Marketing Deal With Resource Stock Digest

Reported Earlier, SmartStop Expands In Denver MSA With Acquisition Of 600-Unit Lakewood Storage Facility On West Colfax Avenue

FCPT

Reported Earlier, FCPT Acquires Christian Brothers Site For $4.3M Via Sale-Leaseback In Illinois, Adds $5.3M Auto Property In Arkansas Under Triple Net Lease

UMBF

Reported Earlier , UMB Financial Prices Public Offering Of 12M Depositary Shares Representing Series B Preferred Stock At $25 Each, Expects $294.5M In Net Proceeds

GLXY

Reported Earlier, Galaxy Digital Prices Upsized Offering Of 31.6M Shares At $19 In First Nasdaq Underwritten Sale, Including 5.2M Secondary Shares

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 recording gains during the session driven by better-than-expected earnings from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
A federal court has invalidated global tariffs enacted by President Donald Trump under the International Emergency Economic Powers Act, a move that could reshape future U.S. trade policy.
Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) shares fell around 7% on Thursday after the company posted downbeat results for the first quarter. Shares of Caleres Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) dipped 18% after the company reported first-quarter financial results and missed its adjusted EPS and sales estimates. Additionally, the company announced it will suspend its guidance.
On the economic data front, U.S. initial jobless claims rose by 14,000 from the previous week to 240,000 in the week ending May 24th, compared to market estimates of 230,000. The U.S. economy shrank at an annualized rate of 0.2% in the first quarter, compared to the initial estimate of a 0.3% decline.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate and health care stocks recording the biggest gains on Thursday. However, communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 117 points to 42,215.73 on Thursday. The S&amp;P 500 rose 0.40% to 5,912.17, while the Nasdaq Composite gained 0.39% to 19,175.87 during Thursday's session.
Investors are awaiting earnings results from Shoe Carnival Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) and Canopy Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 64.1, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 63.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

NVDA

S&P 500 Settles Higher Amid Gains In Nvidia Shares: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

TATT

Reported Earlier, TAT Technologies Prices $42.3M Public Offering At $26/Share, With 1.6M Shares Issued By Company And 2.5M By Selling Shareholders

Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is eliminating one of its most generous loyalty program benefits as part of CEO Brian Niccol&#8216;s broader strategy to improve profit margins and reposition the coffee chain as a premium brand.
What Happened: Beginning June 24, Starbucks will end its 25-star bonus for customers using personal reusable cups, replacing it with double stars on entire orders, <a href="https://edition.cnn.com/2025/05/29/food/starbucks-rewards-reusable-cup-stars-changes">reported</a> CNN, citing a Starbucks spokesperson. The current system, implemented in 2022, allowed customers to quickly accumulate points toward free items at the 100-point redemption level or premium offerings requiring 200-400 stars.
Under the new structure, customers ordering single beverages will receive fewer total stars. A $4 medium iced coffee in a personal cup currently earns over 30 stars when paid through the Starbucks app, but will drop to approximately 15 stars next month. However, customers with larger orders benefit from the double-star system across their entire purchase. The company maintains its $0.10 discount for reusable cup usage.
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>
Why It Matters: This change represents Niccol&#8217;s latest effort to reduce discounts and promotions following weaker-than-expected earnings. The company reported comparable <a href="https://www.benzinga.com/25/04/45104438/starbucks-stock-tumbles-on-q2-earnings-ceo-says-progress-is-happening-below-the-surface">store sales down 1% globally</a>, with U.S. sales declining 2% in the second quarter.
Analysts remain skeptical about the company&#8217;s resilience amid economic headwinds. Guggenheim analyst Gregory Francfort noted that as a discretionary purchase, <a href="https://www.benzinga.com/25/04/45090652/starbucks-says-simple-everyday-luxury-is-here-to-stay-as-people-still-want-small-indulgences-amid-belt-tightening">Starbucks faces pressure</a> if consumer conditions deteriorate. The stock has declined 25% from its February peak as the company pursues its &#8220;Back to Starbucks&#8221; transformation initiative under mounting competition, <a href="https://www.benzinga.com/markets/equities/25/05/45428678/starbucks-explores-stake-sale-in-china-business-valued-at-billions-amid-sluggish-growth-intense-competition-from-likes-of-luckin-coffee-report">particularly in China </a>where rival Luckin Coffee Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LKNCY#OTC">LKNCY</a>) generated $1.2 billion in quarterly revenue compared to Starbucks&#8217; $740 million.
Photo: Ned Snowman/Shutterstock Read Also:
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<li><a href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones">Mark Zuckerberg&#8217;s Meta Reunites With Palmer Luckey To Equip US Soldiers With EagleEye — An AI-Powered Combat Headset That Can Detect Drones</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Restaurants

LKNCY

SBUX

Starbucks Is Ending One Of Its Most Generous Loyalty Benefits As CEO Cuts Perks To Improve Profits

Press Releases

SES AI Regains Compliance with NYSE Minimum Price Requirement

SES AI Reports Fourth Quarter and Full Year 2024 Results

SES AI Announces its March 2025 Event Calendar

SES AI Receives Continued Listing Standard Notice from NYSE

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SES AI Provides Preliminary First Quarter 2025 Revenue and Liquidity Results; Announces Date of Conference Call for First Quarter 2025 Results

SES AI to Launch Its Material Discovery Software and Service Platform, Molecular Universe MU-0, Powered by Physics and AI, and Set to Transform Material Discovery in Battery Industry

SES AI Announces $30 Million Share Repurchase Authorization

SES AI Reports First Quarter 2025 Financial Results

SES AI Unveils Molecular Universe to the Public for the First Time, Receives Strong Industry Interest

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