KraneShares Trust KraneShares CICC China 5G and Semiconductor Index ETF (ARCA: KFVG)

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KraneShares Trust KraneShares CICC China 5G and Semiconductor Index ETF

KFVG

KraneShares CIO Brendan Ahern shares his views on new directives and implications for semiconductor companies.

EXCLUSIVE: KraneShares CIO Talks Intel And AMD, As China Seeks Semiconductor Self-Sufficiency

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KWEB

China is one of the largest technology markets in the world and the world&#39;s second-largest is spending heavily on the 5G rollout.

China Is Spending Big On 5G, Chips. Now There&#39;s An ETF For That.

<ul>
<li>Walgreens Specialty Pharmacy combines existing specialty assets, fully integrates AllianceRx and represents the company&#39;s latest step to leverage its neighborhood pharmacies into fast-growing areas of healthcare</li>
<li>Investments include new Gene &amp; Cell Services Pharmacy and Innovation Center</li>
</ul>

News

Reported Earlier, Walgreens Launches New Gene And Cell Therapy Services, Expands Specialty Pharmacy Offerings

SK Hynix, a key supplier to NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has reported its first profitable quarter in five, attributing the turnaround to soaring demand for AI chips.
What Happened: The South Korean memory chip manufacturer recorded a net profit of 1.92 trillion South Korean won ($1.39 billion) in the first quarter, a stark contrast to the 2.58 trillion won loss in the same period last year, CNBC <a href="https://www.cnbc.com/2024/04/25/nvidia-supplier-sk-hynix-reverses-losses-in-first-quarter-on-ai-demand.html">reported</a>. This marks SK Hynix&#8217;s first positive income since the third quarter of 2022.
The company attributes its strong performance to the increased sales of AI server products, driven by its leadership in AI memory technology, particularly high-bandwidth memory. This technology is crucial for AI chipsets, such as those used by Nvidia.
The demand for AI chipsets has significantly boosted the high-end memory chip market, benefiting major players like SK Hynix and Samsung Electronics.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38368953/jim-cramer-sees-nvidia-as-going-from-star-of-the-show-to-being-the-goat-of-the-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Sees Nvidia As Going &#8216;From Star Of The Show To Being The Goat Of The Game&#8217;</a>
SK Hynix plans to meet the increasing demand for AI memory by boosting the supply of HBM3E, the latest generation of high-bandwidth memory for AI. The company also intends to introduce 32GB Double Data Rate 5 products this year to strengthen its position in the high-capacity server DRAM market.
"We will continue to work towards improving our financial results by providing the industry's best performing products at a right time and maintaining the profitability-first commitment," said Chief Financial Officer Kim Woohyun.
Why It Matters: The surge in AI chip demand is a result of the growing adoption of large language models like ChatGPT, which rely on high-performance memory chips to generate human-like responses. This trend has led to a significant increase in the demand for high-performance memory chips, benefiting companies like SK Hynix and Samsung Electronics, according to the report.
SK Hynix&#8217;s financial turnaround comes amid a broader resurgence in the South Korean semiconductor industry. In December, Samsung Electronics and <a href="https://www.benzinga.com/government/23/12/36408195/south-koreas-semiconductor-surge-samsung-and-sk-hynix-shatter-records-with-unprecedented-production">the South Korean semiconductor industry</a> experienced substantial growth, marking a significant rebound in production and shipments.
SK Hynix&#8217;s recent financial success is also tied to its strategic investments in the U.S. semiconductor industry. The company announced plans to invest $3.9 billion in an advanced chip-packaging facility in West Lafayette, Indiana, <a href="https://www.benzinga.com/government/24/04/38089624/nvidia-to-benefit-from-sk-hynixs-new-3-9b-indiana-facility-focused-on-high-bandwidth-memory-chips">to mass-produce high-bandwidth memory (HBM)</a>, crucial for powering NVIDIA GPUs used in AI systems training, like ChatGPT. 
This investment underscores the region&#8217;s growing appeal in the semiconductor sector, fueled by the Biden administration&#8217;s efforts to restore America&#8217;s global standing in chip manufacturing and the incentives from the $53 billion Chips Act.
Read Next: <a href="https://www.benzinga.com/news/24/04/38392548/ups-earnings-show-the-weight-of-170-000-salaries-while-it-learns-to-navigate-shipping-slump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump</a>
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
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NVDA

Nvidia Supplier SK Hynix Sees First Profit In 5 Quarters, Credits AI Chip Demand

Whales, the colossal beings of the ocean, are not just a marvel because of their size, but also due to their intriguing behaviors and physiological mysteries. From their unique sleeping patterns to their complex relationships with other marine animals, whales continue to fascinate scientists and ocean lovers alike. Let&#8217;s dive deep and explore some of the most fascinating facts about these fascinating gentle giants you probably didn&#8217;t know!
1. How Whales Sleep
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194-1024x585.png" alt="" class="wp-image-307987" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030418/image-194.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whales practice unihemispheric slow-wave sleep which allows them to shut down half of their brains: Image Generated Via Dall-E</figcaption></figure>
Ever wondered how a creature as enormous as a whale catches some Z&#8217;s? Whales have a mesmerizing way of sleeping: they shut down only half of their brain along with the opposite eye. The other half stays awake to help them come up for air and to stay alert for potential threats. This unique sleep method is known as unihemispheric slow-wave sleep.
2. Whales&#8217; Surprising Diet
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195-1024x585.png" alt="" class="wp-image-307988" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030429/image-195.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Despite their large size, whales eat the smallest of marine life. Image Generated Via Dall-E</figcaption></figure>
Despite their massive size, many whales feed on some of the smallest marine life. Baleen whales, for example, sieve tiny krill and plankton through their baleen plates, consuming up to 4,000 pounds of these tiny creatures each day!
3. The Orca-Humpback Feud
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196-1024x585.png" alt="" class="wp-image-307989" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030437/image-196.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Orcas and Humpback whales have a long-standing dispute. Image Generated Via Dall-E</figcaption></figure>
It seems there&#8217;s some marine drama! Humpback whales are known to have a particular disdain for orcas, also known as killer whales. Humpbacks will often intervene if they see orcas attacking other marine mammals, sometimes even coming to the rescue of seals or other whales!
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38384714/whats-going-on-with-trump-media-technology-stock-on-tuesday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Trump Media &amp; Technology Stock On Tuesday?</a>
4. Beluga Whale Quirks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198-1024x585.png" alt="" class="wp-image-307991" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030457/image-198.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Beluga Whales are often referred to as the &#8216;canaries of the sea.&#8217; Image Generated Via Dall-E</figcaption></figure>
Beluga whales, often called the &#8220;canaries of the sea,&#8221; are famous for their wide range of vocalizations. These white whales can mimic a variety of sounds and are known to be especially chatty among their peers.
5. Whales Cannot Breathe Underwater
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199-1024x585.png" alt="" class="wp-image-307993" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030505/image-199.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Despite living in the seas, whales cannot breathe underwater. Image Generated Via Dall-E</figcaption></figure>
Unlike fish, whales can&#8217;t breathe underwater. They are mammals, just like us, and need to surface regularly to breathe air through their blowholes. This adaptation requires them to have a conscious control over their breathing even while sleeping.
6. Whale Songs
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200-1024x585.png" alt="" class="wp-image-307994" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030510/image-200.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whale Songs are known to be haunting yet beautiful. Image Generated Via Dall-E</figcaption></figure>
Some whale species are known for their haunting and beautiful songs, especially the humpback whales. These melodies are complex and often sung by the males in a population. Scientists believe these songs play a role in mating rituals and social bonding.
7. Whales&#8217; Life Span
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201-1024x585.png" alt="" class="wp-image-307995" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030528/image-201.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whales have some of the longest lifespans among animals. Image Generated Via Dall-E</figcaption></figure>
Whales have some of the longest lifespans in the animal kingdom. For instance, bowhead whales can live over 200 years, making them one of the oldest living animal species on Earth.
8. Whales Help the Environment
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202-1024x585.png" alt="" class="wp-image-307996" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030532/image-202.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whales have a crucial role to play in the marine ecosystem. Image Generated Via Dall-E</figcaption></figure>
Whales play a crucial role in the marine ecosystem. Their feces are rich in iron and nitrogen, which fertilize plankton. More plankton means more carbon dioxide is absorbed from the atmosphere, significantly contributing to the reduction of global warming.
9. The Migration of Whales
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203-1024x585.png" alt="" class="wp-image-307997" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030543/image-203.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whales undertake some of the longest migrations among mammals. Image Generated Via Dall-E</figcaption></figure>
Whales undertake some of the longest migrations among mammals, traveling thousands of miles annually to breed and feed. This journey often brings them from polar feeding grounds to tropical breeding grounds.
10. Whales and Sharks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204-1024x585.png" alt="" class="wp-image-307998" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25030551/image-204.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Whales rarely have to worry about Shark attacks. Image Generated Via Dall-E</figcaption></figure>
While sharks are often viewed as the ultimate predators, in the open sea, large whales have very few enemies. Healthy adult whales, such as the massive blue whale, rarely have to worry about shark attacks. However, orcas, a type of whale, are known to prey on sharks!
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Spee</a>

Entertainment

General

Whales Can't Breathe Underwater Same As Us Yet Manage To Dive Miles Into The Ocean And Even Sleep Peacefully: 10 Reasons Why These Gentle Giants Fascinate Me So Much

<ul>
<li>Hyundai Motor Group to establish&nbsp;mid- to&nbsp;long-term strategies to solidify its position as a leading mobility provider in&nbsp;India</li>
</ul>
&hellip;&nbsp;&nbsp; Hyundai Motor India to establish an annual production system of one million units by 2025; Combined with Kia India, Hyundai Motor Group to be able to annually produce 1.5 million units annually in&nbsp;India
&hellip;&nbsp;&nbsp; Electrification strategy to strengthen leadership in the Indian EV market by expanding EV local production and lineups as well as creating EV ecosystems
<ul>
<li>Executive Chair Chung also had a town hall meeting to share visions and strengthen trust with Hyundai Motor India employees</li>
</ul>
&hellip;&nbsp;&nbsp; Approximately 400 local employees attended the site, while over 3,000 joined through a video connection across all Hyundai Motor sites in&nbsp;India
&hellip;&nbsp;&nbsp; Executive Chair highlighted the Group&#39;s customer-centric philosophy, strategic importance of&nbsp;India&nbsp;as well as electrification strategies and future directions
<ul>
<li>Hyundai Motor Group to continue seek future growth strategies in&nbsp;India, which has emerged as the world&#39;s fifth largest economy and top three automobile markets</li>
</ul>

HYMTF

Hyundai Motor Group's Executive Chair Euisun Chung Visits India To Reinforce Long-Term Mobility Strategies

Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is set to release earnings results for its first quarter before <a href="https://www.benzinga.com/quote/HON/earnings">the opening bell on April 25, 2024.</a>
Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $2.17 per share, up from $2.07 per share in the year-ago period. Honeywell is projected to report quarterly revenue of $9.03 billion, up from $8.52 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Last month, Honeywell disclosed the intention to acquire all outstanding shares of Civitanavi Systems S.p.A.
Honeywell shares fell 0.7% to close at $194.79 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/HON/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Deutsche Bank analyst Nicole Deblase downgraded the stock from Buy to Hold and cut the price target from $227 to $215 on April 16, 2024. This analyst has an accuracy rate of 80%.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and boosted the price target from $230 to $232 on April 2, 2024. This analyst has an accuracy rate of 76%.</li>
<li>RBC Capital analyst Deane Dray maintained a Sector Perform rating and cut the price target from $210 to $209 on Feb. 2, 2024. This analyst has an accuracy rate of 74%.</li>
<li>UBS analyst Chris Snyder maintained a Sell rating and cut the price target from $185 to $180 on July 28, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Morgan Stanley analyst Joshua Pokrzywinski maintained an Equal-Weight rating and increased the price target from $213 to $219 on May 1, 2023. This analyst has an accuracy rate of 74%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38402061/jim-cramer-says-this-energy-stock-is-terrific-calls-caseys-general-stores-a-winner">Jim Cramer Says This Energy Stock Is &#8216;Terrific,&#8217; Calls Casey&#8217;s General Stores A &#8216;Winner&#8217;</a>

Earnings

Price Target

Pre-Market Outlook

Honeywell Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Mark Zuckerberg, the CEO of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), detailed the company&#8217;s vision for AI development, hinting at a shift from chatbots to more advanced AI &#8216;agents.&#8217;
What Happened: Zuckerberg, during Meta&#8217;s first quarter 2024 <a href="https://seekingalpha.com/article/4685907-meta-platforms-inc-meta-q1-2024-earnings-call-transcript">earnings call</a>, discussed the future of AI, emphasizing the transition from chatbots to AI agents. He explained that these agents would be capable of handling more complex tasks and goals, performing numerous queries to achieve the desired outcome.
&#8220;The next phase for a lot of these things are handling more complex tasks and becoming more like agents rather than just chatbots,&#8221; Zuckerberg said. 
He also highlighted the potential for more sophisticated interactions, especially in business use cases, and the significant role these AI agents could play in guiding users through various processes.
&#8220;An agent is going to do is you give it an intent or a goal, then it goes off and probably actually performs many queries on its own in the background in order to help accomplish your goal,&#8221; said the Meta CEO. 
Zuckerberg expressed confidence in Meta&#8217;s ability to develop leading AI models and reaffirmed the company&#8217;s long-term commitment to AI investment.
Deepwater Asset Management&#8216;s Gene Munster sees Zuckerberg&#8217;s Agentic AI vision as the future, believing in its potential and predicting Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will follow suit.
&#8220;Look for $AAPL to go after the same Holy Grail,&#8221; Munster said on social media platform X.<a href="https://twitter.com/munster_gene/status/1783255102486196359"></a>
<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">Zuckerberg ends the call with his vision of building Agentic AI. These go beyond generative AI that you prompt. They are agents that get things done for you. That could be research a topic, buy something, etc. This is also know as personalized AI, and I&#39;m a big believer in…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1783255102486196359?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
Why It Matters: This announcement comes in the wake of Meta&#8217;s Q1 2024 earnings report, which revealed a <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">27% year-over-year</a> revenue increase. 
Despite this positive performance, the company&#8217;s stock experienced a <a href="https://www.benzinga.com/news/24/04/38421280/metas-stock-plunge-after-q1-numbers-an-overreaction-to-zuckerbergs-capex-move-says-gene-munster-he-w">17% plunge</a> following Zuckerberg&#8217;s announcement of scaling capex and energy expenses for AI.
Earlier, Zuckerberg had also revealed that <a href="https://www.benzinga.com/news/24/04/38420928/meta-ceo-mark-zuckerberg-more-than-50-of-the-content-people-see-on-instagram-is-now-ai-recommended">over 50% of Instagram&#8217;s content</a> and 30% of Facebook&#8217;s posts are now recommended by AI.
Price Action:&nbsp;Meta shares declined 15.1% after hours to $418.85 after closing 0.52% lower at $493.5 in the regular session, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38368953/jim-cramer-sees-nvidia-as-going-from-star-of-the-show-to-being-the-goat-of-the-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Sees Nvidia As Going &#8216;From Star Of The Show To Being The Goat Of The Game&#8217;</a>
Image Credits &#8211; Shutterstock
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://benzinga.com/apis" target="_blank" rel="noreferrer noopener"></a>

Equities

Global

AAPL

Mark Zuckerberg Shifts Meta's Focus To AI 'Agents' Over Chatbots: Apple To Pursue Similar 'Holy Grail,' Predicts Gene Munster

<ul>
<li>QUILT 3.055 trial completed and shows median overall survival almost double that of standard of care chemotherapy in 2nd- and 3rd-line non-small cell lung cancer (NSCLC) patients whose cancer did not respond to checkpoint inhibitors with or without chemotherapy</li>
<li>Positive results seen in both PD-L1 negative and PD-L1 positive participants with NSCLC</li>
<li>Data reaffirms&nbsp;the mechanism of action of ANKTIVA as an immune cell enhancer that activates natural killer (NK) cells and memory T cells to rescue checkpoint inhibitor (pembrolizumab, nivolumab, atezolizumab) failures across multiple tumor types</li>
<li>Meeting scheduled with FDA in June to discuss path to registration filing of ANKTIVA plus checkpoint inhibitors in 2nd- and 3rd-line NSCLC patients whose cancer previously did not respond to checkpoint therapy</li>
<li>$100 million&nbsp;in non-dilutive cash infusion with ANKTIVA approval brings cash-on-hand to approximately&nbsp;$240 million&nbsp;for launch of ANKTIVA in non-muscle invasive bladder cancer (NMIBC)</li>
<li>Company has scheduled a conference call to discuss registration plans for NSCLC, status of ANKTIVA launch readiness for NMIBC, and ANKTIVA as the backbone of our clinical trial pipeline for multiple tumor types</li>
</ul>

IBRX

Immunitybio Announces Results Of Anktiva Combined With Checkpoint Inhibitors In Non-Small Cell Lung Cancer; Schedules Meeting To Discuss Registration Path For ANKTIVA In Lung Cancer With FDA

ASE Tech Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASX#NYSE">ASX</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.10 by 18 percent. This is a 4.65 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $4.243 which missed the analyst consensus estimate of $4.410 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $4.305 billion the same period last year.

Earnings Misses

ASE Tech Holding Co Q1 2024 GAAP EPS $0.08 Misses $0.10 Estimate, Sales $4.243 Miss $4.410B Estimate

BRP Subsidiary Juniper Re Teams Up With ICEYE For Multi-Year Flood And Wildfire Data Collaboration

Chinese EV giant, BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), backed by Warren Buffett‘s Berkshire Hathaway, is set to make a bold move in the luxury EV market with the unveiling of its premium brand&#8217;s first sedan at the Beijing auto show, posing a direct challenge to luxury automakers such as Mercedes-Benz.
What Happened: The Denza Z9GT, BYD&#8217;s new sedan, is the fruit of founder Wang Chuanfu&#8217;s persistence with the brand, Reuters reported on Thursday. This development follows Mercedes-Benz reducing its stake in their joint premium EV venture from 50% to 10%.
The Denza Z9GT will join Denza&#8217;s N7 and N8 SUVs and D9 multipurpose vehicles, all of which have seen increasing sales, contributing to BYD&#8217;s dominance in the EV market.
&#8220;In the past, traditional luxury brands were defined by their logos. Today, luxury for new energy brands are defined by technology,&#8221; said Denza general manager Zhao Changjiang.
However, the luxury vehicle will enter a saturated domestic market amid a price war. Overseas, governments are scrutinizing Chinese EVs, blaming Chinese overcapacity for market flooding.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tesla&#8217;s Pricing Debate: &#8216;Only A Fool Thinks ….&#8217;</a>
BYD&#8217;s success is crucial to its goal of competing with global leaders like Toyota and Volkswagen and shedding its image as a low-cost automaker.
The luxury push is also necessary to increase profitability as the price war squeezes the margins of mainstream models. Denza&#8217;s D9 has become the group&#8217;s most profitable model with annual sales of 119,000 units.
Why It Matters: Earlier this year, BYD <a href="https://www.benzinga.com/markets/asia/24/03/37776137/chinas-ev-market-charges-forward-warren-buffett-backed-byd-predicts-50-nev-penetration-as-top-player">predicted a significant shift</a> in the new energy vehicle (NEV) landscape. The company has been focusing on <a href="https://www.benzinga.com/news/24/03/37616662/teslas-chinese-rivals-are-coming-for-the-throat-byd-xiaomi-sharpen-knives-for-all-out-ev-price-war">making EVs more affordable</a> than their gasoline counterparts. 
Recently, <a href="https://www.benzinga.com/markets/asia/24/02/37305779/teslas-china-rival-byd-raises-luxury-game-with-233k-ev-supercar-to-rival-ferrari-and-lamborghini">BYD unveiled its most expensive vehicle to date</a>, a fully electric supercar valued at $233,450, challenging traditional supercar manufacturers like Ferrari NV and Lamborghini. The company also announced its <a href="https://www.benzinga.com/news/24/04/38352429/warren-buffett-backed-byd-names-cybertruck-challenger-shark-with-plug-in-hybrid-system-for-extra-bit">first electric pickup truck</a>, the BYD Shark.
In 2008, Berkshire invested around $230 million in BYD, obtaining 225 million shares and a 20.49% stake in Class H shares. Over time,<a href="https://www.benzinga.com/news/24/02/36904335/warren-buffett-backed-byd-reports-impressive-33-1-yoy-growth-in-january-sales-continues-to-scale-sal"> it has reduced its stake</a> and now holds approximately 87.6 million BYD H Shares, equivalent to a 7.98% stake.
Price Action: On Wednesday, BYD&#8217;s stock BYDDF closed at $25.65, up by 2.05% while its ADR BYDDY closed at $51.21, up by 1.2% on the same day.
Read Next: <a href="https://www.benzinga.com/general/education/24/04/38388530/heres-how-much-warren-buffett-could-have-made-investing-in-tesla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much Warren Buffett Could Have Made Investing In Tesla</a>
Photo via Shutterstock
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BYDDF

BYDDY

Warren Buffett-Backed BYD Takes On Luxury EV Market With New Premium Sedan, Posing Direct Challenge For Mercedes-Benz

Spotify Technology SA&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) second attempt to update its iOS app in the EU has been thwarted by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) due to non-compliance with its App Store rules.
What Happened: The update for <a href="https://www.benzinga.com/markets/equities/24/03/37454551/apple-hit-with-a-1-95b-fine-in-eu-in-spotify-antitrust-case">Spotify&#8217;s app in the App Store</a> has been put on hold as the streaming service failed to adhere to the regulations allowing links to external sites for purchases, <a href="https://appleinsider.com/articles/24/04/24/spotify-second-ios-app-update-attempt-in-eu-fails-to-pass-app-store-review">reported</a> AppleInsider on Wednesday.
Apple has introduced new rules for developers&nbsp;to <a href="https://www.benzinga.com/news/24/03/37507425/from-search-to-flights-google-tweaks-everything-for-eus-digital-markets-act">comply with EU legislation</a>, such as the Digital Markets Act. However, not all apps have followed these guidelines.
Apple has&nbsp;created a Music Streaming Services&nbsp;Entitlement for the EEA storefronts, which&nbsp;allows streaming services to use&nbsp;external links, buttons, and calls&nbsp;to action to direct users to a developer&#8217;s website for purchases&nbsp;outside of Apple&#8217;s In-App Purchase&nbsp;mechanism.
See Also: <a href="https://www.benzinga.com/news/24/04/38368777/apple-planning-soccer-broadcasting-foray-with-fifa-after-major-league-rights-success-report">Apple Planning Soccer Broadcasting Foray With FIFA After Major League Rights Success: Report</a>
The App Review team at Apple sent an email to Spotify, stating&nbsp;that version 8.9.33 of Spotify&#8217;s&nbsp;app was stopped from being published to the App Store. This version of the app was designed&nbsp;for the European Economic Area&nbsp;or EEA storefronts.
&#8220;We note that your current submission includes a call to action to purchase a Spotify subscription on your website. As such, you must accept the terms of the Music Streaming Services Entitlement (EEA) and include the entitlement profile in your app for submission,&#8221; the email read. 
Adding, &#8220;To be clear, this entitlement is required even if your app does not include an external link (nor does it require that you offer an external link). We will, however, approve version 8.9.33 after you accept the terms of the Music Streaming Services Entitlement (EEA) and resubmit it for review.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
It is unclear if the&nbsp;app will be blocked in&nbsp;other territories, but since it&nbsp;is an EEA-specific issue, it&nbsp;should be allowed elsewhere.
Why It Matters: This development comes after Spotify&#8217;s&nbsp;<a href="https://www.benzinga.com/24/04/38388246/spotifys-first-quarter-tells-a-story-of-record-profit-and-an-epic-win">record-breaking first quarter</a>&nbsp;in 2024, where the company reported a 20% year-over-year increase in revenue to 3.64 billion euros. This was attributed to efficient cost-cutting initiatives that also brought significant margin improvements.
Spotify&#8217;s stock, however, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38414644/spotify-stock-sheds-all-gains-after-q1-earnings-but-analysts-are-impressed-with-the">shed all its gains</a> after the first quarter earnings report, but analysts were still impressed with the company&#8217;s performance. J.P. Morgan analyst Doug Anmuth maintained Spotify with an Overweight and raised the price target from $320 to $365.
Photo via 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:&nbsp;<a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us: &#8216;With 6000 Satellites Orbiting Earth, I Think I Would Know&#8217;</a>
Disclaimer: 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.

Social Media

Media

SPOT

Spotify Tries To Push iOS Update In EU Again, Gets Rebuffed By Apple Over App Store Terms

Jeff Bezos shared his unconventional approach to productivity, which involves allowing his mind to wander during meetings. This strategy, he believes, fosters creativity and problem-solving.
What Happened: Bezos, the founder of Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Blue Origin, revealed his unique approach to productivity in a recent episode of the &#8220;Lex Fridman Podcast.&#8221;
Bezos, who is currently the second-richest person globally, <a href="https://www.forbes.com/profile/jeff-bezos/?sh=5ef8713b1b23">according</a> to Forbes, does not adhere to a strict schedule or time blocks for meetings. Instead, he encourages creative thinking by allowing his mind to wander during meetings, which can often extend beyond their planned duration.
"I don't keep to a strict schedule," Bezos said, in an episode first released in December. "My meetings often go longer than I plan for them to, because I believe in [mind] wandering."
 &#8220;A lot of people feel like wandering is inefficient," he added.
He advocates for &#8220;messy meetings&#8221; where ideas are freely exchanged, and there is no set end time. Bezos believes that this approach, which some may consider inefficient, can actually enhance productivity, creativity, and happiness.
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"When I sit down a meeting, I don't know how long the meeting is going to take if we're trying to solve a problem," Bezos said. "The reality is we may have to wander for a long time &#8230; I think there's certainly nothing more fun than sitting at a whiteboard with a group of smart people and spit-balling and coming up with new ideas and objections to those ideas, and then solutions to the objections and going back and forth." He added that "a lot of people feel like wandering is inefficient." 
Bezos&#8217;s approach is supported by a 2016 <a href="https://knowablemagazine.org/content/article/mind/2022/science-wandering-mind">study</a> that found allowing the mind to wander can significantly improve creativity. He suggests that taking breaks from a structured routine to let the mind wander can be an effective way to solve problems that seem unsolvable.
See Also: <a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
Why It Matters: Bezos&#8217;s approach to productivity is in line with his innovative thinking and risk-taking, as evidenced by his recent ventures.
In January, it was <a href="https://www.benzinga.com/general/24/01/36578223/jeff-bezos-made-over-7-9-million-an-hour-every-hour-in-2023-in-under-13-minutes-he-brought-in-the-eq">reported</a> that Bezos&#8217;s net worth had increased by $70 billion in 2023, reaching $177 billion. This remarkable growth was attributed to his strategic investments and business decisions.
Bezos&#8217;s financial acumen was further demonstrated in March when he <a href="https://www.benzinga.com/general/24/03/37591221/jeff-bezos-sold-8-5-billion-worth-of-amazon-stock-and-saved-600-million-in-taxes-by-moving-to-florid">sold $8.5 billion worth of Amazon stock</a> and saved $600 million in taxes by relocating to Florida. This move allowed him to redirect a portion of his wealth into Blue Origin, his space exploration venture, showcasing his commitment to innovation and exploration.
Bezos&#8217; net worth has also been a topic of discussion. Despite a <a href="https://www.benzinga.com/news/24/03/37473160/jeff-bezos-overtakes-elon-musk-reclaims-worlds-richest-person-title-as-wealth-soars-to-200b">fierce competition</a> with Tesla CEO Elon Musk, Bezos reclaimed the title of the world&#8217;s wealthiest individual with a net worth of $200 billion.
Read Next: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us: &#8216;With 6000 Satellites Orbiting Earth, I Think I Would Know&#8217;</a>
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Jeff Bezos Reveals His Unconventional Approach To Productivity: 'I Believe In Wandering'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s Vision Pro, despite a reduced sales forecast, has caught the attention of Jim Cramer, who believes the product could revolutionize the industrial sector.
What Happened: Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; expressed his optimism about the potential of Apple&#8217;s Vision Pro in a recent episode, <a href="https://www.cnbc.com/2024/04/24/cramers-bullish-on-apples-vision-pro-highlights-enterprise-use.html">reported</a> CNBC. 
He suggested that the product, which is currently being marketed as a consumer device, could be repositioned as an enterprise product.
He pointed out that the Vision Pro could be a valuable tool for the industrial sector, especially with the digital twin technology, which allows users to simulate potential changes before implementing them in reality.
See Also: <a href="https://www.benzinga.com/news/24/04/38392548/ups-earnings-show-the-weight-of-170-000-salaries-while-it-learns-to-navigate-shipping-slump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump</a>
&#8220;The construction of factories is the largest business in the world,&#8221; Cramer said. &#8220;If you could cut waste and test out potential changes on the Vision Pro before you put them in reality — and that&#8217;s what&#8217;s known as a digital twin — then I say that $3,500 price tag is way too cheap.&#8221;
Despite a recent report that Apple is reducing its Vision Pro shipment forecast due to a decrease in demand, Cramer remains bullish on the product. 
He highlighted that Apple&#8217;s ability to sell 400,000 units of a $3,500 product, which is still in the process of having software developed for it, is a strong indicator of the product&#8217;s success.
Why It Matters: The Vision Pro has been a subject of interest for Cramer in the past. In June, he <a href="https://www.benzinga.com/markets/equities/23/06/32829441/apple-vision-pro-headset-too-expensive-jim-cramer-explains-why-the-3-499-price-tag-may-not-matte">argued that the steep price tag</a> of the Vision Pro could be justified by its potential to pave the way for more affordable headsets. 
However, in July, he <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33136437/laser-eyes-why-jim-cramer-says-everyone-will-have-apple-vision">dismissed concerns about</a> Apple&#8217;s reduced production forecasts, stating that it wouldn&#8217;t affect the product&#8217;s success.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock</a>
Image Via Shutterstock 
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Jim Cramer Sees Apple's Vision Pro As A Game-Changer For Industrial Sector: '$3,500 Price Tag Is Way Too Cheap'

Vietnamese billionaire Pham Nhat Vuong has announced plans to inject an additional $1 billion from his personal wealth into the Nasdaq-listed electric vehicle (EV) manufacturer VinFast Auto Ltd NASDAQ: VFS).
What Happened: At a shareholders&#8217; meeting of Vingroup, the conglomerate he chairs, Vuong, who directly owns 18% of its shares, expressed his intention to further bolster the investments in VinFast, which has been running at a loss, reported Reuters. 
&#8220;I plan to give VinFast $1 billion from my own pocket,&#8221; Vuong said.
He and Vingroup have already injected $11.4 billion into the company by the end of the previous year.
Vuong, who also serves as the CEO of VinFast, holds a 97% stake in the company through direct ownership and companies under his control. 
Despite the company&#8217;s stock price plummeting from $10 to $2.5 since its initial listing in August, Vuong remains optimistic about the EV market&#8217;s future.
He stated, &#8220;The electric vehicle market will continue to grow, surpassing combustion engine cars. I will not give up on VinFast.&#8221;
VinFast&#8217;s sales challenges have been well-documented, with the company failing to meet its sales targets last year and reporting significant losses. The company&#8217;s financial troubles have been exacerbated by its reliance on sales to associated companies and a declining global EV market.
Despite these challenges, Vuong remains committed to VinFast, with over 70% of the 35,000 cars sold last year going to an electric taxi company, GSM, which he owns. He is also considering listing GSM on the international market if conditions allow.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38395098/tesla-unveils-timeline-for-electric-semi-truck-production-first-units-to-external-customers-by-2?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Unveils Timeline For Scaling Up Electric Semi-Truck Production, First Units From New Factory To &#8216;Ex</a>
Why It Matters: The decision by Vuong to invest an additional $1 billion into VinFast comes at a time when the company is facing <a href="https://www.benzinga.com/markets/equities/24/04/38215061/emerging-tesla-challenger-vinfast-faces-sales-challenges-posing-risks-for-vietnam-billionaire-ph">significant sales challenges</a>. The company&#8217;s financial troubles have been amplified by its dependency on sales to associated companies and a declining global EV market. 
The company has accumulated <a href="https://www.benzinga.com/markets/equities/24/04/38238454/vingroups-vinfast-faces-financial-risks-amidst-global-ambitions-with-5-7b-loss-over-past-three-y">losses of $5.7 billion</a> over the past three years, leading to a 38% drop in Vingroup&#8217;s share price since VinFast&#8217;s U.S. listing in August.
Despite these challenges, Vuong&#8217;s commitment to VinFast is unwavering, and his decision to invest an additional $1 billion demonstrates his confidence in the company&#8217;s long-term prospects.
Back in August, VinFast&#8217;s <a href="https://www.benzinga.com/news/23/08/34081685/vinfasts-market-cap-skyrockets-with-20-stock-surge-securing-third-position-after-tesla-and-toyota">market cap skyrocketed</a> with a 20% stock surge, securing the third position after Tesla and Toyota. The company&#8217;s shares soared 20% in the U.S. market, pushing its market capitalization to $191.2 billion. Despite its U.S. operations not being fully operational, the EV boom prompted a buying frenzy among individual investors.
Read Next: <a href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco Amid Vandalism Frenzy</a>
Image Via Shutterstock 
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Financing

Emerging Tesla Challenger To Receive Another $1B From Vietnamese Billionaire: 'I Will Not Give Up On VinFast'

Northfield Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFBK#NASDAQ">NFBK</a>) reported quarterly earnings of $0.15 per share which met the analyst consensus estimate. This is a 42.31 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $27.884 million which missed the analyst consensus estimate of $28.990 million by 3.82 percent. This is a 20.09 percent decrease over sales of $34.896 million the same period last year.

NFBK

Northfield Bancorp Q1 2024 GAAP EPS $0.15, Inline, Sales $27.884M Miss $28.990M Estimate

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO <a href="https://www.benzinga.com/topic/jensen-huang">Jensen Huang</a> hand-delivered the first DGX H200 GPU to OpenAI's Sam Altman and Greg Brockman, continuing the tradition of the close collaboration between the two companies.
What Happened: Huang donated the first DGX H200 GPU out in the world to OpenAI, after <a href="https://www.benzinga.com/news/24/03/37809836/nvidia-reveals-blackwell-gpu-highlights-partnerships-with-top-companies-at-gtc-the-whole-industry-is">announcing it in March</a> alongside the GB200 AI super chip.
Brockman, who is currently the president of OpenAI, posted a photo with Huang, Altman, and the DGX H200 GPU.
He noted that this is the first H200 GPU in the world. Combined with the fact that Huang hand-delivered it to OpenAI, this is a symbolic gesture.
Brockman noted that Huang's message while donating the H200 GPU to OpenAI was "to advance AI, computing, and humanity."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">First <a href="https://twitter.com/nvidia?ref_src=twsrc%5Etfw">@NVIDIA</a> DGX H200 in the world, hand-delivered to OpenAI and dedicated by Jensen &quot;to advance AI, computing, and humanity&quot;: <a href="https://t.co/rEJu7OTNGT">pic.twitter.com/rEJu7OTNGT</a>
&mdash; Greg Brockman (@gdb) <a href="https://twitter.com/gdb/status/1783234941842518414?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
OpenAI is a research organization that focuses on artificial intelligence. The company has been at the forefront of AI research and has been a key player in the development of AI technologies.
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.
Its ChatGPT launch in late 2022 kicked off a storm in the AI chatbot arena, leading to several companies unveiling their large language models and chatbots.
See Also: <a href="https://www.benzinga.com/news/24/04/38378083/whats-cooking-nvidias-jensen-huang-meets-jeff-bezos-backed-perplexity-ai-ceo-search-like-a-billionai">What&#8217;s Cooking? Nvidia&#8217;s Jensen Huang Meets Jeff Bezos-Backed Perplexity AI CEO: &#8216;Search Like A Billionaire&#8217;</a>
Why It Matters: Earlier in March, Nvidia unveiled the DGX H200 GPU alongside the GB200 AI super chip.
The H200 GPU is a successor to the widely popular H100 GPU – it offers 1.8 times the memory and 1.4 times the bandwidth that H100 did. This makes information processing much faster since it can store more data, reducing the dependency on external storage which is slower.
On the other hand, the <a href="https://www.benzinga.com/news/24/03/37848556/nvidias-new-superchip-delivers-8-470-times-the-computing-performance-of-supercomputer-that-jensen-hu">GB200 AI superchip is 8,470 times faster</a> than the DGX-1 supercomputer that Huang donated to OpenAI back in 2016. Huang calls it the "miracle" chip.
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:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/04/38345794/mark-zuckerberg-spills-the-beans-on-his-bromance-with-nvidias-jensen-huang-hell-yeah-lets-m" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Spills The Beans On His Bromance With Nvidia's Jensen Huang: ‘Hell Yeah, Let's Make Cheesesteaks'</a>
Disclaimer: 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.
Photos courtesy: Shutterstock

Jensen Huang Hand-Delivers Nvidia's First DGX H200 GPU To OpenAI's Sam Altman To 'Advance AI, Computing, And Humanity'

Donald Trump <a href="https://www.benzinga.com/general/politics/24/04/38366379/trump-committed-conspiracy-to-undermine-the-integrity-of-a-presidential-election-prosecution-all">continued to have a bad run this week,</a> and his niece Mary Trump, a clinical psychologist said, &#8220;the wheels of justice continue to grind.&#8221;
What Happened: Mary Trump commended the prosecutors in the New York hush-money case for emphasizing her uncle&#8217;s &#8220;extrajudicial statements&#8221; and highlighting them as a &#8220;very real threat&#8221; to the proceedings&#8217; integrity. She opined that unless Acting New York Supreme Court Justice Juan Merchan makes the consequences sufficiently severe, Donald Trump will have no reason to stop flouting the judge&#8217;s authority and his gag order.
The prosecution&#8217;s request, seeking the removal of his offending Truth Social posts, could be infuriating for Donald Trump, as he could see it as a loss of control beyond the courtroom, the psychologist said. Also, the prosecution&#8217;s request for a $1,000 fine for each violation and warning of imprisonment is beyond the ex-president&#8217;s comprehension, she said. 
&#8220;Being incarcerated for even a day would likely be beyond Donald's ability to manage,&#8221; she added.
Mary Trump also explored the logic of the prosecutors not seeking jail term for her uncle immediately. &#8220;It wouldn't be surprising if Donald saw a potential jail sentence as an opportunity rather than a punishment.&#8221; she said.
&#8220;In his eyes, it could be another chance to play the victim, to rally his supporters around a perceived injustice, and to raise funds for his cause. Prosecutors are depriving him of that narrative.&#8221;
The psychologist, however, said her uncle may see any confinement against his will as a &#8220;direct challenge to his sense of omnipotence and a serious blow to his extremely fragile ego.&#8221;
All said and done, Tuesday&#8217;s contempt hearing was another humiliation for Donald Trump, his niece said.
Mary Trump also said National Enquirer publisher, David Pecker provided &#8220;slam dunk testimony&#8221; as his statements went on to solidify the case that Donald Trump&#8217;s purpose was election interference.
&#8220;Donald is facing real-time consequences for his transgressions,&#8221; Mary Trump said, as she noted that in just 198 days he would not only face a jury but also has to answer the American public.
See Also: <a href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in">Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character&#8230;Make Him Unfit To Serve As President&#8217;</a>
Why It&#8217;s Important: The hush-money case is one of the four criminal cases Donald Trump is facing and this case assumes importance because it could be the only case for which verdict is pronounced ahead of the Nov. 5 election. 
Donald Trump, though not the official Republican nominee yet, has all but clinched the ticket, and will likely be set up for a rematch with President Joe Biden. Opinion polls have suggested that the <a href="https://www.benzinga.com/news/24/04/38401616/biden-vs-trump-one-candidate-outperforms-his-2020-numbers-as-the-other-loses-support-among-2-key-vot">2024 election could be one of the most closely contested races,</a> although a <a href="https://www.benzinga.com/news/24/04/38182671/biden-vs-trump-matchup-in-new-poll-shows-incumbents-lead-swelling-but-nearly-25-of-voters-dont-want">big chunk of voters wanted neither Trump nor Biden as their candidate.</a>
The hush-money case relates to falsifying records regarding payments made to adult movie star Stormy Daniels, who has alleged that Donald Trump had a sexual relationship with her ahead of the 2016 election. Prosecutors have argued that this was done with the motive of interfering with the election results.
The trial resumes in New York on Thursday when the U.S. Supreme Court is also set to deliberate on Donald Trump&#8217;s presidential immunity claims.
Photo via Wikimedia Commons
Read Also: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>

Politics

Trump's Niece Says Ex-President Could See Potential Imprisonment As Opportunity: 'Donald Is Facing Real-Time Consequences For His Transgressions'

St. Joe (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOE#NYSE">JOE</a>) reported quarterly earnings of $0.24 per share. This is a 33.33 percent increase over earnings of $0.18 per share from the same period last year. The company reported $87.79 million in sales this quarter. This is a 20.26 percent increase over sales of $73.00 million the same period last year.

St. Joe Q1 EPS $0.24 Up From $0.18 YoY, Sales $87.79M Up From $73.00M YoY

Stora Enso (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SEOAY#OTC">SEOAY</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.06 by 63.33 percent. This is a 60.8 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $2.350 billion which beat the analyst consensus estimate of $2.244 billion by 4.71 percent. This is a 19.52 percent decrease over sales of $2.920 billion the same period last year.

Earnings Beats

SEOAY

Stora Enso Q1 2024 Adj EPS $0.10 Beats $0.06 Estimate, Sales $2.350B Beat $2.244B Estimate

Coca-Cola European Partners plc Ordinary Shares