Latest News for Kraken Robotics Stock (OTC:KRKNF)

Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. It operates in the business segments of Products which is the design, manufacture, and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and Services which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. It generates the majority of its revenue from the Products segment.

News

Intraday Update

Markets

Movers

Trading Ideas

AAEEF

AAVMY

ABEV

ABGSF

ABMD

ABTX

ACCFF

ACCYY

ACHV

ACNB

ACRFF

ACRGF

ACSAY

ACST

ACTG

ADMA

ADTN

ADVZF

AERI

AFLYY

AGCO

AGEEF

AGESY

AGLXY

AHFD

AHKSY

AHOTF

AICAF

AINV

AIPUY

AIRG

AIRYY

AISSF

AKO-A

AKZOY

ALDX

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ALEX

Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

ALIZF

ALLY

ALOT

ALSN

ALTM

ALXEF

ALXN

AMCR

AMHPF

AMKBF

AMKBY

AMNB

AMPH

AMRN

AMSLF

ANAT

ANGO

ANIP

Australia and New Zealand Banking Group Limited

ANZBY

ANZFF

APELY

APEX

APHA

APTS

ARCB

ARCC

ARGGY

ARGO

ARLP

ARNA

ARNGF

AROC

ARREF

ARRRF

Stocks That Hit 52-Week Lows On Friday

KRAKEN ROBOTICS INC by Kraken Robotics Inc.

Kraken Robotics Inc

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.11) by 81.82 percent. This is a 85.71 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $226.173 million which beat the analyst consensus estimate of $224.025 million by 0.96 percent. This is a 30.17 percent decrease over sales of $323.912 million the same period last year.

Earnings

Earnings Beats

Adtran Q1 2024 Adj EPS $(0.02) Beats $(0.11) Estimate, Sales $226.173M Beat $224.025M Estimate

Macro Economic Events

Econ #s

Economics

Reported Earlier, U.K. BRC Retail Sales Monitor (YoY) For April -4.4% Vs. 1.6% Est.; 3.2% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For April 54.3 Vs. 54.6 Est. 54.1 Prior

Reported Earlier, Australia Retail Sales (MoM) -0.4% Vs. -0.2% Est.; 0.2% Prior

Australia Interest Rate Decision For May Unchanged At 4.35%

The much-anticipated first crewed test flight of Boeing Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) Starliner space capsule has been postponed due to a technical issue, marking another setback for the aerospace giant.
What Happened: The first crewed test flight of Boeing&#8217;s Starliner space capsule, which was set to take place on Monday, was called off due to a technical issue, Reuters reported. The issue was not resolved in time for the scheduled launch from NASA&#8217;s Kennedy Space Center in Florida.
The Starliner was set to embark on its first crewed test flight two years after its initial uncrewed journey to the International Space Station. The spacecraft, developed in collaboration with NASA&#8217;s Commercial Crew Program, is designed to transport up to seven passengers or a combination of crew and cargo to low-Earth orbit.
The crew for the Starliner&#8217;s first crewed test flight included NASA astronauts Barry &#8220;Butch&#8221; Wilmore and Sunita &#8220;Suni&#8221; Williams.
Over the past several years, Boeing&#8217;s spacecraft program has seen a series of significant events. In 2015, the company unveiled an assembly plant for its commercial spacecraft, intended for NASA&#8217;s missions to the International Space Station. 
However, challenges arose, such as a parachute failure during a crucial test in 2019 and software glitches that hindered ISS rendezvous attempts in 2020. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38629592/benzinga-bulls-and-bears-apple-tesla-amc-bitcoin-and-shiba-inus-chart-forms-powerful-technical-p?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Apple, Tesla, AMC, Bitcoin And Shiba Inu&#8217;s Chart Forms Powerful Technical Patterns</a>
Why It Matters: Despite setbacks, there were successful milestones, including the launch and docking of the Starliner capsule with the ISS in 2022. Yet, ongoing issues led to delays and safety concerns, leading Boeing to halt preparations for a crewed test flight in 2023. 
Despite these challenges, Boeing has been working to address the issues. In August, the company <a href="https://www.benzinga.com/news/23/08/33746079/boeing-puts-starliner-on-backburner-to-focus-on-upcoming-nasa-artemis-ii-moon-mission">announced plans</a> to have the Starliner ready for its first crewed flight by March. 
The company has also received support from SpaceX CEO Elon Musk, who offered <a href="https://www.benzinga.com/news/23/07/33408845/elon-musk-offers-helping-hand-as-boeing-starliners-woes-continue">assistance with crewed parachute systems</a> to help address the Starliner&#8217;s technical challenges.
Despite these efforts, the latest delay is a setback for Boeing&#8217;s space exploration ambitions and could impact the company&#8217;s standing in the competitive space industry.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38634310/tesla-retail-shareholder-who-poured-3-5b-into-ev-stock-screams-foul-over-magician-elon-musks-pay?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Retail Shareholder Who Poured $3.5B Into EV Stock Screams Foul Over &#8216;Magician&#8217; Elon Musk&#8217;s Pay Package Plan, Urges Other Investors To Vote No: &#8216;Don&#8217;t Be A Sucker&#8217;</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Equities

SPACE

Global

Boeing's Starliner Crewed Test Flight Postponed Due To Technical Issue, Continuing Challenges In Space Program

The sensitive details of an undisclosed number of active U.K. military personnel have been compromised in a <a href="https://www.benzinga.com/news/24/04/38136927/uk-warned-of-ai-misinformation-targeting-2024-polls-nation-state-hackers-raise-stakes">major breach of data security</a>. According to media reports, the Chinese state was behind the cyber attack. 
What Happened: The UK government is set to disclose the breach to Members of Parliament on Tuesday. Although the government has not named any country involved, Sky News has <a href="https://news.sky.com/story/china-hacked-ministry-of-defence-sky-news-learns-13130757">accused</a> China of being the culprit behind the attack. 
The breach targeted both current and former service personnel, compromising their names and bank details. However, the report notes that every employee will receive their salary for this month.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38628511/ftc-grills-jeff-bezos-over-use-of-signals-auto-delete-feature-amid-amazons-antitrust-suit-i-can-make?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FTC Grills Jeff Bezos Over Use Of Signal&#8217;s Auto-Delete Feature Amid Amazon&#8217;s Antitrust Suit: &#8216;I Can Make A Mistake&#8217;</a>
Tobias Ellwood, a Conservative MP and former soldier, told the report that China &#8220;was probably looking at the financially vulnerable with a view that they may be coerced in exchange for cash.&#8221;
Defence Secretary&nbsp;Grant Shapps&nbsp;is expected to address the Commons and unveil a &#8220;multi-point plan&#8221; to safeguard the affected service members. The MoD has assured that the contractor system, which was breached, is not linked&nbsp;to the main MoD computer&nbsp;systems and has been taken&nbsp;down for review.
The Chinese Ministry of Foreign Affairs did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments. 
Why It Matters: This is not the first time that China has been accused of cyber-attacks on Western nations. 
In March 2024,&nbsp;In March, the U.K. government made a public accusation that China was responsible for a hack in August 2021 aimed at accessing the details of millions of voters stored by the Electoral Commission. In the same month,&nbsp;Google reported a <a href="https://www.benzinga.com/news/24/03/37975197/google-uncovers-chinas-alarming-surge-in-cyber-espionage-zero-day-exploits-through-the-roof">surge in China&#8217;s government-backed</a> exploitation of zero-day vulnerabilities. 
Moreover, Australia and New Zealand have <a href="https://www.benzinga.com/news/24/03/37928154/australia-and-new-zealand-accuse-china-of-covert-cyberattack-campaigns-against-democratic-nations">levied accusations against China</a>, alleging that it orchestrated cyberattacks targeting their democratic institutions.
Previously, the <a href="https://www.benzinga.com/government/24/02/37197873/fbi-director-warns-of-chinas-cyber-threat-labels-current-situation-as-tip-of-the-iceberg">U.S. has voiced significant concern</a>. In February, FBI Director Christopher Wray cautioned that China&#8217;s clandestine placement of offensive malware within critical infrastructure networks in the U.S. has reached an unprecedented scale.
Photo Courtesy: Andrew Linscott on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38605346/dogecoin-co-creator-and-mkbhd-slam-siri-after-apples-q2-earnings-its-such-a-piece-of-garbage?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Co-Creator And MKBHD Slam ‘Siri' After Apple's Q2 Earnings: ‘It's Such A Piece Of Garbage'</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.

Tech

Media

Major Hacking Incident Exposes Data Of Military Personnel In UK Ministry Of Defence Breach — Is China To Blame?

CNBC&#8217;s Jim Cramer has indicated that the recent market sell-off, particularly in the Big Tech sector, may have come to an end.
What Happened: Cramer, the host of &#8220;Mad Money,&#8221; suggested that the market may have bottomed out, citing the recent rally in the averages on Monday. He highlighted the losses experienced by several tech giants, including NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), over the past few months, <a href="https://www.cnbc.com/2024/05/06/cramer-says-the-sell-off-may-be-over-pointing-to-big-tech-correction.html">reported</a> CNBC.
&#8220;I think the sell-off could finally be over,&#8221; he said. &#8220;Stop waiting for a correction to give you better buying opportunities, we just had one for heaven&#8217;s sake.&#8221;
Despite concerns over the Federal Reserve&#8217;s next interest rate decision, Nvidia&#8217;s stock was impacted. However, the company&#8217;s announcement of a promising new graphics chip led to a rebound. Microsoft also experienced a decline but rallied after strong earnings and cloud business success.
See Also: <a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Is Impressed By The Fact That Jeff Bezos&#8217; AWS 12-Month Revenue Is Higher Than 466 S&amp;P 500 Companies: &#8216;Wow&#8217;</a>
Cramer acknowledged that some might view his analysis as cherry-picking, but he insisted that he is focusing on equities that were previously considered &#8220;the great growth stocks of the era&#8221; until the market shifted in March.
Why It Matters: The recent market sell-off has been a cause for concern among investors, with major U.S. pension funds <a href="https://www.benzinga.com/general/market-summary/24/05/38653388/the-biggest-investors-are-selling-stocks-right-now-yet-s-p-500-notches-best-3-day-streak-i">shifting their investment allocations</a> away from equities. For instance, the California Public Employees&#8217; Retirement System (CalPERS) decided to decrease its stock allocation from 42% to 37% of its $494 billion fund in March.
Earlier in April, Cramer had warned that the upcoming <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">Big Tech earnings could determine</a> the market&#8217;s future. He specifically highlighted Nvidia&#8217;s performance, which experienced a 4% rise following a 10% drop, and cautioned that the stock&#8217;s recovery might not be enough to offset the losses.
However, Nvidia&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38634160/nvidias-ai-dominance-evident-as-tech-behemoths-from-microsoft-to-meta-and-google-ke">AI infrastructure is in high demand</a>, as evidenced by the increased capital expenditures of its major clients. This demand, coupled with the company&#8217;s promising new graphics chip, could be contributing to its recent rebound.
Microsoft, on the other hand, has been <a href="https://www.benzinga.com/news/24/04/38510140/microsoft-pledges-1-7b-investment-in-emerging-asian-powerhouse-as-tech-giants-bet-big-on-ai">making significant investments in AI</a>, pledging a $1.7 billion investment in Indonesia&#8217;s cloud services and AI over the next four years. These investments, along with the company&#8217;s strong earnings and cloud business success, may be contributing to its recent recovery.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38635874/elon-musk-is-astonished-by-warren-buffetts-berkshire-hathaway-amassing-as-much-cash-as-tesla-ceo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Is Astonished By Warren Buffett&#8217;s Berkshire Hathaway Amassing As Much Cash As Tesla CEO&#8217;s Wealth: &#8216;Wow&#8217;</a>
Image Via Shutterstock
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

MSFT

NVDA

Jim Cramer Suggests End Of Market Sell-Off, Points To Big Tech Recovery: 'Stop Waiting For A Correction'

On Monday, major U.S. stock indexes experienced gains, with the S&amp;P500 closing nearly 1% higher at 5,180.74, the Dow Jones Industrial Average up almost 0.5% at 38,852.27, and the Nasdaq finishing the day with a 1.19% increase at 16,349.25.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s stock rose by 8.06% to close at $25.21. The intraday high and low were $25.36 and $24.03, respectively, with a 52-week range of $7.59 to $27.5. The company reported a <a href="https://www.benzinga.com/news/earnings/24/05/38653781/palantir-q1-earnings-revenue-beat-and-raise-us-commercial-growth-continued-gaap-profitability-and-m">21% year-over-year increase</a> in first-quarter revenue to $634 million, beating the consensus estimate. 
Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)
Boeing&#8217;s shares fell by 0.80% to close at $178.35. The intraday high and low were $183.98 and $174.71, respectively, with a 52-week range of $159.7 to $267.54. The company is under a <a href="https://www.benzinga.com/news/24/05/38652488/faa-opens-new-investigation-into-boeing-787-did-employees-falsify-aircraft-records">new FAA investigation</a> related to the inspections of its 787 Dreamliner. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38630402/teslas-dogecoin-adoption-sends-crypto-market-into-frenzy-meme-coin-surges-by-over-21?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Dogecoin Adoption Sends Crypto Market Into Frenzy, Meme Coin Surges By Over 21%</a>
Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
Lucid&#8217;s stock surged by 9.52% to close at $3.05. The intraday high and low were $3.09 and $2.81, respectively, with a 52-week range of $2.29 to $8.37. The electric vehicle company reported <a href="https://www.benzinga.com/news/earnings/24/05/38653616/lucid-q1-earnings-highlights-revenue-beat-eps-miss-production-update-and-more">first-quarter revenue</a> of $172.7 million, beating the Street consensus estimate. <a href="https://www.benzinga.com/news/earnings/24/05/38653616/lucid-q1-earnings-highlights-revenue-beat-eps-miss-production-update-and-more">Find out more here</a>.
Hims &amp; Hers Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)
Hims &amp; Hers Health&#8217;s stock increased by 3.46% to close at $11.65. The intraday high and low were $11.9 and $11.45, respectively, with a 52-week range of $5.65 to $17.16. The company reported better-than-expected first-quarter results and strong guidance. Quarterly sales came in at $278.17 million <a href="https://www.benzinga.com/news/earnings/24/05/38653933/hims-hers-health-reports-better-than-expected-q1-results-strong-guidance">beating the analyst consensus estimate</a> of $270.38 million.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares rose by 1.97% to close at $184.76. The intraday high and low were $187.56 and $182.2, respectively, with a 52-week range of $138.8 to $299.29. The company has reportedly <a href="https://www.benzinga.com/news/24/05/38648277/tesla-lays-off-more-employees-over-weekend-report">laid off more employees</a> over the weekend. 
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38612883/how-to-earn-500-a-month-from-nvidia-stock-ahead-of-q1-earnings-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock Ahead Of Q1 Earnings Report</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Hims & Hers Health, Inc. Class A Common Stock

HIMS

LCID

PLTR

TSLA

Palantir, Boeing, Lucid Group, Hims & Hers, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tesla and SpaceX CEO Elon Musk and Argentina president Javier Milei met on the sidelines of the 27th annual Milken Institute Global Conference on Monday, their second meeting in less than a month.
What happened: The tech czar posted a photo of him with President Milei on social platform x, where both could be seen enthusiastically posing with a double thumbs up.&nbsp;
Secretary General of the Presidency, Karina Milei, and Argentine Ambassador to the United States, Gerardo Werthein were also seen in the picture.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I recommend investing in Argentina <a href="https://t.co/DIrcf8TsLN">https://t.co/DIrcf8TsLN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787654457339342932?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"I recommend investing in Argentina," Musk remarked while reposting the picture.&nbsp;
The two free-market proponents are headlining the annual event held at Beverly Hills, California, which sees the convergence of personalities cutting across finance, technology, sports, and media to discuss some of the most pertinent global issues.
Why it matters: Musk and President Milei met for the first time <a href="https://www.benzinga.com/markets/asia/24/04/38225670/elon-musk-meets-javier-milei-chat-about-cutting-red-tape-boosting-birth-rates-and-more">last month</a> at a Tesla electric car factory in Texas.&nbsp;
Similar camaraderie and photo-op were on the show then, with Musk commenting, &#8220;to an exciting and inspiring future!&#8221;
Miliei had shared a picture of them shaking hands with a caption reading, "long live freedom."
Both Musk and Milei have been known to have a pro-cryptocurrency stance. The Tesla Chief previously talked about his Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings and the active endorsement of meme coin Dogecoin (CRYTO: DOGE).&nbsp;
On the other hand, President Milei has praised the scarcity-driven growth model of Bitcoin and dubbed the asset a way to return monetary power to people. Many even went so far as to explore the possibility of Bitcoin becoming a legal tender in the country following his win.&nbsp;
The synergy between the two like-minded individuals could lead to potential collaboration in the field of cryptocurrencies in the future.
Price action: Bitcoin was trading at $63,790 at the time of publication, following a 0.6% drop in the last 24 hours, according to data <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>. Dogecoin plunged 4.4% to trade at $0.1574 as of this writing.
Photos via Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37487997/how-much-teslas-bitcoin-is-worth-will-elon-musks-company-sell-crypto-as-it-hits-new-all-ti">How Much Tesla&#8217;s Bitcoin Is Worth: Will Elon Musk&#8217;s Company Sell Crypto As It Hits New All-Time Highs?</a>

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

Cryptocurrency

Politics

$BTC

Elon Musk Meets Bitcoin-Supporting President Javier Milei Again: 'I Recommend Investing In Argentina'

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) are reportedly seeking a financial advisor to resolve a dispute over the valuation of <a href="https://www.benzinga.com/general/entertainment/23/11/35693462/disney-hulu-unified-app-to-launch-next-month-in-beta-official-launch-scheduled-for-spring-2">the former&#8217;s 33% stake</a> in the streaming platform Hulu.
What Happened: The two media giants <a href="https://www.benzinga.com/general/entertainment/22/09/28903008/disney-vs-comcast-is-a-battle-brewing-over-the-value-and-who-should-own-hulu">disagree over the stake valuation</a> that Disney is set to acquire from Comcast, Reuters reported, citing people familiar with the matter. 
This move is in line with the terms of the deal they struck for Hulu last year, which stipulates that if the valuation assessments by their respective banks, JPMorgan Chase and Morgan Stanley, differ significantly, they can hire a financial advisor to resolve the issue.
See Also: <a href="https://www.benzinga.com/news/24/05/38614138/have-you-used-siri-lately-elon-musk-answers-mkbhd-after-tim-cook-teases-exciting-ai-developments-fro?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Have You Used Siri Lately?&#8217; Elon Musk Answers MKBHD After Tim Cook Teases &#8216;Exciting&#8217; AI Developments From Apple This Year</a>
JPMorgan valued Hulu for Disney at approximately $27.5 billion, while Morgan Stanley valued it for Comcast at over $40 billion. As the two valuations are more than 10% apart, Disney and Comcast are now in discussions to appoint an investment bank for an independent valuation. 
According to the agreement terms, if the third appraisal aligns closest with Disney&#8217;s bank valuation, the deal will be finalized at the average of those two valuations. Likewise, if the third appraisal aligns closest with Comcast&#8217;s bank valuation, the deal will be concluded at the average of those two valuations. 
If the average of the third appraisal falls below $27.5 billion, the final valuation will be set at $27.5 billion, the report noted. 
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Hulu is known for its hit original shows like &#8220;Shogun,&#8221; &#8220;The Bear,&#8221; &#8220;Prey,&#8221; and &#8220;Only Murders in the Building.&#8221; The platform witnessed its subscriber base reach 49.7 million by December 2023, marking a 2% increase from the September quarter.
Disney has already integrated Hulu into its Disney+ streaming platform, which hosts popular titles like &#8220;Moana&#8221; and &#8220;Frozen.&#8221;
The valuation dispute arises <a href="https://www.benzinga.com/general/entertainment/22/09/28903008/disney-vs-comcast-is-a-battle-brewing-over-the-value-and-who-should-own-hulu">from a deal struck in 2019</a>, following Disney&#8217;s $71 billion takeover of 21st Century Fox&#8217;s assets, including its minority stake in Hulu. This deal gave Disney majority control over Hulu, while Comcast retained its 33% stake, anticipating a significant increase in its value by 2024.
Disney&#8217;s acquisition of the remaining 33% stake in Hulu was announced in November 2023, with a minimum payment of $8.6 billion to Comcast. The current <a href="https://www.benzinga.com/m-a/23/05/32577497/hulu-co-owners-disney-comcast-fight-to-reach-a-deal-regarding-streaming-service">valuation dispute is a crucial</a> step in finalizing this acquisition.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38638286/tesla-investor-ross-gerber-calls-warren-buffett-tough-as-nails-businessman-after-berkshire-hathaway?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Investor Ross Gerber Calls Warren Buffett &#8216;Tough As Nails Businessman&#8217; After Berkshire Hathaway Dumps Apple: &#8216;Don&#8217;t Let That Soft Mid Western Demeanor Fool You&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Entertainment

CMCSA

Disney, Comcast Seek Advisor To Figure Out How Much Hulu Is Really Worth: Report

In a recent development, former President Donald Trump has reportedly taken a jab at President Joe Biden for his perceived soft approach towards antisemitism. This criticism comes despite Trump&#8217;s own history of contentious remarks on the matter.
What Happened: Trump has leveraged the recent conflicts on college campuses over the Gaza war as a campaign issue, accusing Biden of running a &#8220;Gestapo administration.&#8221; This comment was made during a private retreat for Republican donors at his Florida resort, <a href="https://abcnews.go.com/US/wireStory/donald-trump-calls-joe-biden-weak-antisemitism-ignoring-109974759">reported</a> ABC News.
Amy Spitalnick, CEO of the Jewish Council for Public Affairs, described Trump&#8217;s comments as a &#8220;deliberate tactic&#8221; to attack Biden and divert attention from his own track record. She stated it was in line with his history of &#8220;offensive and irresponsible comments&#8221; towards the Jewish community.
Trump&#8217;s criticism comes as Biden navigates the complex divisions resulting from the Israel-Hamas war and the ensuing unrest from demonstrations. Trump and other Republicans have capitalized on the campus disruptions, portraying them as a sign of weakness from Biden and the Democrats.
Trump&#8217;s campaign released a video on Yom Hashoah, Israel&#8217;s Holocaust remembrance day, contrasting the 2024 presidential candidates&#8217; responses to antisemitism. The video juxtaposes images of Trump&#8217;s visit to Israel and his speeches pledging to confront antisemitism, with footage of campus protests and clips of Biden responding to protesters upset with his administration&#8217;s support for Israel.
See Also: <a href="https://www.benzinga.com/news/24/05/38628322/elon-musk-reacts-after-house-report-reveals-mark-zuckerbergs-meta-and-others-were-pressured-by-white?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After House Report Reveals Mark Zuckerberg&#8217;s Meta And Others Were Pressured By White House To Censor COVID Lab Leak Theory</a>
Trump also addressed the protests as he arrived in court for his trial in a felony hush money case. He claimed that many protesters were backed by Biden donors and urged Israel to &#8220;get smart.&#8221;
Biden&#8217;s campaign has condemned Trump&#8217;s comments as &#8220;despicable&#8221; and an attack on law enforcement. Biden has also spoken out against the antisemitic protests and called for &#8220;order&#8221; after some schools cleared demonstrators by force.
Why It Matters: Trump&#8217;s criticism of Biden&#8217;s handling of antisemitism comes after his own controversial remarks in March 2024, where he <a href="https://www.benzinga.com/news/24/03/37810491/trump-says-jewish-people-voting-for-democrats-hate-their-religion-and-they-hate-everything-about-isr">suggested</a> that Jewish individuals voting for Democrats hate their religion and Israel.
Following the campus protests over the Israel-Hamas conflict, Biden made his first public comments <a href="https://www.benzinga.com/news/24/05/38612403/biden-makes-first-public-comments-on-pro-palestinian-campus-protests-were-a-civil-society-and-order">condemning the violent incidents</a> and asserting that such lawlessness will not be tolerated.
Earlier in April 2024, the White House had declined Republican Speaker Mike Johnson's (R-La.) call to <a href="https://www.benzinga.com/news/24/04/38449517/white-house-declines-mike-johnsons-request-for-national-guard-deployment-amid-college-protests-over">deploy the National Guard</a> on college campuses witnessing large-scale protests over the Israel-Hamas conflict.
Photo Courtesy: Flickr
Read Next: <a href="https://www.benzinga.com/news/24/05/38632767/ex-doj-attorney-says-former-trump-aides-testimony-sinks-ex-presidents-criminal-defense-big-fat-nail?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-DOJ Attorney Says Former Trump Aide&#8217;s Testimony Sinks Ex-President&#8217;s Criminal Defense: &#8216;Big Fat Nail In The Coffin&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

General

Trump Slams Biden Over Weakness On Antisemitism, Gets Bashed For His Own 'Offensive And Irresponsible' Comments

In a recent earnings call, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO Alex Karp made a bold assertion that the company has no competitors in the U.S. commercial and government sectors.
What Happened: Karp, during the first-quarter 2024 earnings call, dismissed the notion of any competitors in the U.S. commercial and government markets. He stated that potential rivals are merely trying to replicate Palantir&#8217;s unique capabilities but are not on the same level as Palantir.
&#8220;I don&#8217;t believe we have competitors. So, I don&#8217;t believe in the U.S. commercial market we have competition. I don&#8217;t believe in the U.S. government market we have competition,&#8221; Karp said.
&#8220;In order to actually make AI work, you need an ontology. No one has an ontology,&#8221; Karp stated. &#8220;You&#8217;d have to actually understand what is special about the software infrastructure of having the combination of Apollo, Foundry, and the ontology. And then you would have to build on top of it.&#8221;
Karp attributed this claim to the company&#8217;s proprietary technologies, including its ontology knowledge management system, Foundry data operating platform, and Apollo artificial intelligence platform, which he believes gives Palantir an insurmountable competitive edge.
See Also: <a href="https://www.benzinga.com/news/24/05/38631050/once-vehicles-for-republican-presidents-to-connect-with-southern-whites-motor-sports-are-shifting-aw?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump</a>
The CEO dismissed potential rivals as simply attempting to replicate Palantir&#8217;s unique capabilities, like &#8220;the Palantir of Iowa or the Palantir of Harvard or the Palantir of Uruguay, but they&#8217;re not Palantir.&#8221;
He also pointed out that replicating this &#8220;special&#8221; infrastructure from scratch &#8220;is going to take a long time&#8221; for competitors to achieve.
Why It Matters: The recent assertion by Karp is in line with his previous statements about the company&#8217;s unique position in the tech industry. Just days before the earnings call, Karp spoke about the <a href="https://www.benzinga.com/news/24/05/38574286/palantir-ceo-says-american-tech-industry-maximally-tolerant-of-any-personality-im-like-a-hyper-inexp">American tech industry&#8217;s</a> uncanny ability to include any personality during a Capitol Hill forum. He stated that as long as the individual is delivering results, &#8220;nobody in tech cares.&#8221;
However, Karp&#8217;s confidence has also sparked controversy. During the same Capitol Hill forum, he made some <a href="https://www.benzinga.com/news/24/05/38571263/palantir-ceo-alex-karp-jokes-about-drone-striking-rivals-suggests-sending-protesters-to-north-korea">controversial remarks</a>, including joking about drone-striking his business rivals and suggesting that protesters be sent to North Korea. The forum, organized by Jacob Helberg, a senior adviser to Karp, was intended to foster a connection between the tech industry and Congress.
Palantir&#8217;s financials seem to back up Karp&#8217;s confidence for now. Along with the surging U.S. commercial growth, the company <a href="https://www.benzinga.com/news/earnings/24/05/38653781/palantir-q1-earnings-revenue-beat-and-raise-us-commercial-growth-continued-gaap-profitability-and-m">raised its full-year 2024 revenue guidance</a> to a range of $2.677 billion to $2.689 billion. It also marked the sixth consecutive quarter of GAAP profitability with $106 million in net income.
Price Action: Palantir&#8217;s after-hours trading shows a decrease of 2.11 points, marking an 8.37% drop to $23.10, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38629592/benzinga-bulls-and-bears-apple-tesla-amc-bitcoin-and-shiba-inus-chart-forms-powerful-technical-p?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Apple, Tesla, AMC, Bitcoin And Shiba Inu&#8217;s Chart Forms Powerful Technical Patterns</a>
Palantir CEO Alex Karp. Photo by WEF on Flickr
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Palantir CEO Alex Karp Dismisses Rivals: 'We Have No Competitors' in US Commercial And Government Markets

In a surprising turn of events, YouTube sensation Jimmy Donaldson, popularly known as&nbsp;MrBeast,&nbsp;has decided to part ways with his talent management company, Night Media.
What Happened: The 25-year-old YouTube star has informed Night Media&nbsp;that the company will no&nbsp;longer be his primary talent&nbsp;management agency,&nbsp;<a href="https://www.semafor.com/article/05/05/2024/youtube-star-mr-beast--management-company-night-media">reported</a>&nbsp;Semafor, citing two people familiar with the matter. 
This decision comes as Donaldson plans to take more&nbsp;personal control of his business,&nbsp;which according to the YouTuber generated <a href="https://www.benzinga.com/news/24/02/37195970/youtubes-top-earner-mrbeast-says-hes-not-rich-because-of-this-one-reason">over $600 million in annual revenue</a> last year. 
Night Media, which has been instrumental in the success of several online influencers, including MrBeast, has expressed its intention to maintain a relationship with Donaldson, albeit not necessarily an exclusive one, the sources said. 
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Donaldson&#8217;s departure from Night Media comes on the heels of his&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/03/37809533/mrbeast-confirms-beast-games-on-amazon-prime-video-with-1-000-contestants-5m-prize-its-gonn">major Hollywood deal</a>&nbsp;with Amazon&#8217;s Prime Video for the Beast Games series, further solidifying his position as a leading figure in the entertainment industry.
Donaldson&#8217;s main YouTube channel currently has more than 256 million subscribers. Last month, T-Series, the world's most subscribed YouTube channel with more than 264 million followers, reportedly asked its followers to come <a href="https://www.benzinga.com/general/entertainment/24/04/38284637/mrbeast-reacts-to-t-series-call-for-subscriber-surge-who-will-reign-supreme-over-youtube">together to defeat MrBeast</a> in terms of subscriber count. 
The YouTuber has also been making some <a href="https://www.benzinga.com/news/24/03/37448542/mrbeast-reveals-secret-sauce-to-skyrocketing-youtube-views-slower-longer-videos-could-be-the-future">changes in his content strategy</a>. In March earlier this year, he said, "This past year I've slowed down our videos, focused on storytelling, let scenes breathe, yelled less, more personality, longer videos, etc. And our views have skyrocketed!"
Photo by Joe Seer on Shutterstock
Check out more of&nbsp;Benzinga's&nbsp;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/24/05/38605055/apple-ceo-tim-cook-says-china-is-the-most-competitive-market-in-the-world-as-iphone-sales-take-a-hit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple CEO Tim Cook Says China Is ‘The Most Competitive Market In The World' As iPhone Sales Take A Hit</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.

YouTube Sensation MrBeast Is Parting Ways With Management Company Night Media: Report

Spot exchange-traded funds might have excited institutional investors of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), but the frenzy is yet to catch up on retail.
What happened: The King Coin's social activity dipped significantly since peaking on the ETF approval day in early January, according to LunarCrush.
Social activity is a widely used metric in crypto circles to gauge the sentiment among retail investors, a proxy for private individuals with small holdings.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Almost hard to believe but <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> social activity has trended downwards, ever since January 10th when the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ETF approval happened. &#x1f449;If retail is here, they&#39;re incredibly silent. View the data at <a href="https://t.co/B7aVtUbyw9">https://t.co/B7aVtUbyw9</a>. <a href="https://t.co/NYjImdn4qi">pic.twitter.com/NYjImdn4qi</a>
&mdash; LunarCrush (@LunarCrush) <a href="https://twitter.com/LunarCrush/status/1787631418203689432?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The data shows that socially-driven engagements like views, likes, comments, and retweets declined in the last four months. Posts by cryptocurrency content creators also failed to generate traction.
All this happened while the price of the world's largest digital asset was pumping, hitting a new all-time high past $73,000 in March.&nbsp;
Google Trends data narrated a similar story, with search interest halving from its peak in early March.&nbsp;
Why it matters: Bitcoin has generated considerable media coverage since investment vehicles tracking its spot price started trading in the U.S. market. Days of <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38638678/bitcoin-spot-etfs-rebound-with-378m-inflows-on-friday">net positive flows</a> in ETFs have invariably applied upward price pressure.&nbsp;&nbsp;
However, the last month proved rough for the general cryptocurrency market, and Bitcoin in particular. The King Coin plummeted more than 15% in April, one of the worst declines in recent history.
The corrective phase might have prompted retail to take a cautionary approach, restricting their investments in the space.
Price action: Bitcoin was trading at $63,695 at the time of writing, following a 1.13% dip in the last 24 hours, according to the data from <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">Benzinga Pro</a>. Trading volumes almost hit $30 billion in the 24-hour period, marking a 64% jump.
Photo by Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38643149/bitcoin-mining-stocks-are-moving-higher-monday-whats-going-on">Bitcoin Mining Stocks Are Moving Higher Monday: What&#8217;s Going On?</a>

ETFs

Bitcoin ETFs A Social Dud For Lay Folks?  Analytics Platform Shares Data That Shows 'If Retail Is Here, They're Incredibly Silent'

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;opened up about what keeps him up at night, the immigration situation in the U.S., aliens, and more.&nbsp;
What Happened:&nbsp;On Monday, Musk had a conversation with&nbsp;Mike Milken, the chairman of the Milken Institute at&nbsp;MI Global.&nbsp;Their&nbsp;conversation&nbsp;was posted&nbsp;live on the tech billionaire's social media platform,&nbsp;X, formerly&nbsp;Twitter.&nbsp;
Here's a brief on what&nbsp;was discussed:&nbsp;
Immigration Has Gotten Worse
"I'm a big believer in immigration, but to have unvetted immigration at large scale is a recipe for disaster," Musk said. According to him, the government should "greatly expedite legal&nbsp;immigration," but have secure borders.&nbsp;&nbsp;
Starlink Will Move The GDPs Of Countries 
The tech billionaire said that Starlink is a technology that improves productivity per person, and that's what GDP is all about. Musk said that in today's world, many people cannot sell and learn new things without proper connectivity&nbsp;and&nbsp;that's where Starlink comes into play.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38634420/ozempic-ftw-elon-musk-touts-novo-nordisks-blockbuster-drug-as-solution-to-childhood-obesity-problem" target="_blank" rel="noreferrer noopener">‘Ozempic Ftw:' Elon Musk Touts Novo Nordisk's Blockbuster Drug As Solution To Childhood Obesity Problem</a>
If You Have To Die Somewhere, Might As Well Be Mars
Musk said he would have accomplished to go to Mars this year if he was ready to die on impact, but that isn't the case. He wants to explore Mars before the end.&nbsp;
Making Life Multi-planetary Is Important
He said there are various explanations for "why we don't see aliens." He said what's stopping other civilizations from expanding beyond their solar system. "If you don't become a multi-planet&nbsp;civilization&nbsp;then you're simply waiting around until you die from a self-inflicted wound or some natural disaster," he added.&nbsp;
Musk further said the point is not to move from Earth and let the planet&nbsp;die,&nbsp;but to remove the redundancy so that no single event can be the end of our civilization.
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.&nbsp;
Almost No AI Use In Space Exploration
When asked if artificial intelligence can accelerate his efforts in space, the tech mogul said that one of the places where AI has almost to use is&nbsp;in the field of&nbsp;space exploration. "So, SpaceX uses&nbsp;basically&nbsp;no AI."
How To Remember Things
While speaking about how the education process should be, Musk said that our mind is "constantly trying to forget things." Therefore, the mind will only remember things if it "can establish relevance or there's a strong emotional element."&nbsp;
What Keeps Musk Up At Night And What Gives You Joy
The tech billionaire said that his kids give him joy. "I'm not saying that's the reason to have kids," he said, adding, "But I see them as the greatest source of joy in my life."&nbsp;
When it comes to&nbsp;things that keep him up at night, Musk said anything that's a civilizational risk&nbsp;like&nbsp;plummeting birth&nbsp;rates,&nbsp;and anything that undermines the foundation of democracy.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Watch LIVE: <a href="https://twitter.com/MilkenInstitute?ref_src=twsrc%5Etfw">@MilkenInstitute</a> Chairman Mike Milken in conversation with <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> at <a href="https://twitter.com/hashtag/MIGlobal?src=hash&amp;ref_src=twsrc%5Etfw">#MIGlobal</a> <a href="https://t.co/P30xoZkExA">https://t.co/P30xoZkExA</a>
&mdash; Milken Institute (@MilkenInstitute) <a href="https://twitter.com/MilkenInstitute/status/1787635180121084044?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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/24/05/38614138/have-you-used-siri-lately-elon-musk-answers-mkbhd-after-tim-cook-teases-exciting-ai-developments-fro" target="_blank" rel="noreferrer noopener">‘Have You Used Siri Lately?' Elon Musk Answers MKBHD After Tim Cook Teases ‘Exciting' AI Developments From Apple This Year</a>

Elon Musk Talks Immigration, Starlink, Mars, Aliens, And More At MI Global: 'If You Have To Die Somewhere, Might As Well Be Mars'

Rep. Marjorie Taylor Greene (R-Ga.) and Speaker Mike Johnson (R-La.) held a lengthy meeting on Monday, indicating a potential resolution to the ongoing tension over Greene&#8217;s motion to oust Johnson.
What Happened: The two Republicans convened for nearly two hours on Monday, sparking speculation that they are working towards a deal to prevent a floor action on Greene&#8217;s resolution to remove Johnson from power. Both emerged from the meeting with a shared message of a constructive discussion and plans to meet again on Tuesday, <a href="http://Hill">reported</a> The Hill.
Greene, known for her criticisms of Johnson and her removal efforts, did not confirm whether she would proceed with her resolution. However, she hinted at seeking assurances from Johnson about his commitment to conservative policy priorities in negotiations with Democrats.
&#8220;I have been patient, I have been diligent, I have been steady, and I have been focused on the facts. And none of that has changed,&#8221; said Greene to reporters after the meeting, according to the report. She said, &#8220;We're talking to him again tomorrow, based on our discussion today."
Last week, Greene was firm about her intention to force a vote on Johnson&#8217;s ouster, emphasizing the need to record the stance of her conservative colleagues on the matter. However, her request for Monday&#8217;s meeting with Johnson and plans for a follow-up meeting on Tuesday suggest a possible shift in her approach.
See Also: <a href="https://www.benzinga.com/news/24/05/38628346/chief-of-staff-in-trump-aides-inner-circle-pleads-guilty-to-1b-fraud-scheme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chief Of Staff In Trump Aide&#8217;s Inner Circle Pleads Guilty To $1B Fraud Scheme</a>
Johnson, on his part, acknowledged the policy concerns of his critics but highlighted the challenges of advancing them in a government where Democrats control the Senate and White House.
Why It Matters: This meeting comes in the wake of ongoing tensions within the House of Representatives. Greene has been vocal about her intention to oust Johnson, accusing him of making &#8220;slimy&#8221; deals with Democrats and urging him to switch parties, as reported by <a href="https://www.benzinga.com/news/24/04/38539364/marjorie-taylor-greenes-ouster-threat-against-mike-johnson-gets-top-democrats-rallying-behind-house">Benzinga</a>.
Furthermore, the Democrats have been governing as if they were in the majority due to the fractured state of the GOP, as stated by House Minority Leader Hakeem Jeffries (D-N.Y.) in a CBS &#8220;60 Minutes&#8221; interview, according to <a href="https://www.benzinga.com/news/24/05/38635305/hakeem-jeffries-feels-democrats-effectively-governing-as-majority-as-gop-works-its-own-mess-out">Benzinga</a>.
Meanwhile, with the election of Rep. Tim Kennedy (D-N.Y.) to the house, the GOP partisan majority has <a href="https://www.benzinga.com/news/24/05/38658805/rep-tim-kennedy-sworn-into-house-narrows-gop-majority-to-razor-thin-awesome-and-magnificent-responsi">effectively shrunk to just one.</a>
Images via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38628322/elon-musk-reacts-after-house-report-reveals-mark-zuckerbergs-meta-and-others-were-pressured-by-white?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After House Report Reveals Mark Zuckerberg&#8217;s Meta And Others Were Pressured By White House To Censor COVID Lab Leak Theory</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Marjorie Taylor Greene Wraps Up Marathon Meeting With Mike Johnson, Marking Pivotal Moment In Ouster Vote Drama: 'I Have Been Patient, I Have Been Diligent, I Have Been Steady

Rep. Tim Kennedy (D-N.Y.) was sworn into the House on Monday, effectively reducing the Republican majority to a mere single vote.
What Happened: Kennedy, a former state senator, emerged victorious in a special election in New York&#8217;s 26th Congressional District last week, defeating GOP candidate Gary Dickson. The seat was previously occupied by Rep. Brian Higgins (D-N.Y.), who retired in February, <a href="http://The">reported</a> The Hill.
The induction of Kennedy into the House decreases the total count of Republicans to 217, against 213 Democrats. This shift further diminishes the GOP&#8217;s already thin majority, which has been shrinking due to a series of Republican resignations in recent months.
See Also: <a href="https://www.benzinga.com/news/24/05/38628346/chief-of-staff-in-trump-aides-inner-circle-pleads-guilty-to-1b-fraud-scheme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chief Of Staff In Trump Aide&#8217;s Inner Circle Pleads Guilty To $1B Fraud Scheme</a>
The next seat to be filled is that of former Speaker Kevin McCarthy (R-Calif.), with a special election scheduled for May 21. Kennedy will serve out Higgins&#8217; term through January and will also be on the ballot for a full term this November.
&#8220;This awesome and magnificent responsibility that's been granted to me by the people of Western New York,&#8221; Kennedy expressed his gratitude and commitment to his constituents.
Why It Matters: Amid the ongoing turmoil within the GOP, House Minority Leader Hakeem Jeffries (D-N.Y.) has claimed that the Democrats are effectively governing as the majority in the House.
 In a CBS &#8220;60 Minutes&#8221; interview, Jeffries stated that the Democrats have been acting as if they were in the majority due to the <a href="https://www.benzinga.com/news/24/05/38635305/hakeem-jeffries-feels-democrats-effectively-governing-as-majority-as-gop-works-its-own-mess-out">fragmented state of the GOP</a>.
 &#8220;Even though we&#8217;re in the minority, we effectively have been governing as if we were in the majority because we continue to provide a majority of the votes necessary to get things done,&#8221; Jeffries said.
Read Next: <a href="https://www.benzinga.com/news/24/04/38539108/trump-says-if-supreme-court-decides-president-doesnt-get-immunity-then-biden-will-be-prosecuted-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says If Supreme Court Decides President Doesn&#8217;t Get Immunity Then Biden &#8216;Will Be Prosecuted For All</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Tim Kennedy Sworn Into House, Narrows GOP Majority To Razor Thin: 'Awesome And Magnificent Responsibility ... Granted To Me'

In the ongoing Manhattan trial of former President Donald Trump, Jeffrey McConney, a former employee of the Trump Organization, testified on the twelfth day about a $130,000 hush money payment made to Stormy Daniels.
What Happened: McConney, who was a financial controller in the Trump Organization, detailed his interactions with Allen Weisselberg, the former chief financial officer, and Michael Cohen, Trump&#8217;s ex-fixer. McConney revealed that in 2017, Trump informed him that Cohen was owed money, which included a bonus and &#8220;other money,&#8221; <a href="https://www.salon.com/2024/05/06/paid-michael-cohen-from-his-own-personal-account-former-organization-employee-says/">reported</a> Salon
The &#8220;other money,&#8221; according to McConney&#8217;s testimony, was specifically for the hush payment to Daniels. Prosecutors argue that this payment was falsely recorded as &#8220;legal expenses&#8221; in business records. The payment was intended to cover the taxes that Cohen would incur by claiming the money as income.
McConney also disclosed that Trump had advised him early in his employment to negotiate for lower payments before settling Trump&#8217;s bills. This revelation could potentially help prosecutors establish Trump&#8217;s involvement in any scheme to misclassify payments to Cohen.
Jurors were shown an email from Weisselberg to McConney discussing the payments to Cohen, &#8220;as per agreement with Don and Eric.&#8221; McConney confirmed that the money to Cohen came from Trump&#8217;s personal bank account.
See Also: <a href="https://www.benzinga.com/news/24/04/38539108/trump-says-if-supreme-court-decides-president-doesnt-get-immunity-then-biden-will-be-prosecuted-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says If Supreme Court Decides President Doesn&#8217;t Get Immunity Then Biden &#8216;Will Be Prosecuted For All</a>
Why It Matters: This trial follows a series of events involving Trump and his associates. Earlier in May, it was revealed in the trial that <a href="https://www.benzinga.com/news/24/05/38614771/former-trump-lawyer-was-very-despondent-and-saddened-for-not-getting-top-role-in-administration-hush">Cohen was deeply upset</a> for not being offered a top role in the Trump administration following the 2016 election victory.
Cohen, a central figure in the case, had been <a href="https://www.benzinga.com/news/24/04/38508622/trump-ex-attorney-michael-cohens-tiktok-livestreams-on-hush-money-trial-draw-thousands-attract-criti">using TikTok livestreams</a> to discuss the trial, attracting thousands of viewers and raising concerns among legal experts about his credibility as a witness. 
Meanwhile, Trump was fined again on Monday by the judge in the case. Despite being fined for violating a gag order in his criminal trial, <a href="https://www.benzinga.com/general/politics/24/05/38657311/trump-unphased-by-gag-order-fines-jail-threats-our-constitution-is-far-more-important-than-jail">Trump appeared unphased</a> by the ruling, stating, &#8220;Our Constitution is far more important than jail.&#8221;
Read Next: <a href="https://www.benzinga.com/news/24/05/38635067/elon-musk-says-robert-de-niro-is-so-out-of-touch-its-insane-after-legendary-actor-compares-trump-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Robert De Niro Is &#8216;So Out Of Touch, It&#8217;s Insane&#8217; After Legendary Actor Compares Trump To Hitler, Calls Ex-President A &#8216;Monster&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Ex-Trump Organization Employee Sheds Light On How Former Fixer Michael Cohen Was Paid: 'As Per Agreement With Don and Eric'

Russia has threatened to target British military installations and equipment. This warning comes in response to Ukraine&#8217;s utilization of British weapons against Russian territory.
What Happened: The Russian Ministry of Foreign Affairs announced on Monday that any British military facilities and equipment, both within and outside Ukraine, could be targeted if Ukraine uses British weapons to attack Russia, according to <a href="https://www.politico.eu/article/russia-threaten-strike-british-military-facility-david-camerons-remark-war-ukraine/">Politico</a>.
The British Ambassador to Moscow was summoned by the Kremlin to express strong protest against recent comments by UK Foreign Secretary David Cameron. The ministry urged the ambassador to reconsider the potential catastrophic consequences of such hostile steps by London and to refute the provocative statements of the Foreign Office head.
UK Foreign Secretary Cameron last week stated that Ukraine has the &#8220;right&#8221; to use British-supplied weapons to strike Russia within its own territory. The Russian foreign affairs ministry views Cameron&#8217;s words as evidence of a serious escalation and confirmation of London&#8217;s growing involvement in military operations on the side of Kyiv.
&#8220;Russian side views Cameron&#8217;s words as evidence of a serious escalation and confirmation of London&#8217;s growing involvement in military operations on the side of Kyiv,&#8221; said the statement from the Russian ministry, according to Politico.
Since Moscow launched a full-scale invasion of Ukraine in February 2022, relations between the UK and Russia have been strained, leading to London imposing sanctions on Moscow. Earlier on Monday, Russia announced preparations for nuclear weapons exercises, accusing Western officials of making provocative statements and threats by deepening their support for Ukraine.
See Also: <a href="https://www.benzinga.com/news/24/04/38539108/trump-says-if-supreme-court-decides-president-doesnt-get-immunity-then-biden-will-be-prosecuted-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says If Supreme Court Decides President Doesn&#8217;t Get Immunity Then Biden &#8216;Will Be Prosecuted For All</a>
Why It Matters: This threat from Russia comes on the heels of similar warnings issued to other Western nations. Previously, a key ally of Russian President Vladimir Putin, Dmitry Medvedev, threatened Germany with a <a href="https://www.benzinga.com/news/23/03/31485819/putin-ally-threatens-germany-with-nuclear-strike-our-assets-will-fly-to-hit-chancellors-office">nuclear conflict</a> if Putin were arrested on the International Criminal Court&#8217;s warrant during a visit to the country. 
Photo by LeStudio on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38607615/russian-troops-enter-us-military-base-in-niger-amid-rising-tensions?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Russian Troops Enter US Military Base In Niger Amid Rising Tensions</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Russia Lashes Out After David Cameron Says Ukraine Has The 'Right' To Use British Weapons, Threatens To Target UK Military Installations

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the boom in <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> cooling off, investors looking for other breakout sectors have their work cut out for them. I would argue that such investors should look into specific robotics stocks poised for their own breakout.
Some may put AI and robotics in the same category, but they are very different. Most popular AI businesses currently focus on large language models, customer service, or other intangible industries. On the other hand, robotics has seen tremendous advances lately (from factory robots to surgical bots to self-driving cars). Thus, many robotics stocks now look cheap, relative to the incredible AI hype we saw materialize.&nbsp;Additionally, with accelerating AI development, robotics stocks only stand to benefit from improved software.
Thus, let&rsquo;s look at three promising yet cheap robotics stocks that could supercharge your portfolio. The Nasdaq may be peaking, but these robotics stocks have plenty of room to run.

<h2>Kraken Robotics (KRKNF)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/11/lng-natural-gas-ship-1600-300x169.jpg" alt="Large tanker ship carrying natural gas at dusk in harbor" width="300" height="169"><div>Source: shutterstock.com/Wojciech Wrzesien</div></div>
Kraken Robotics (OTCMKTS:<a href="https://investorplace.com/stock-quotes/krknf-stock-quote/">KRKNF</a>) makes underwater robots and sensors for the marine industry. Their products include sonar, sensors, underwater drones, remote-operated vehicles for seabed mapping, pipeline inspections, environmental monitoring, and more.
This Canadian company has largely flown under the radar, and now trades 41% off its highs from earlier this year. That said, the stock seems to be bottoming out and could rebound soon. Kraken has huge growth potential as the global market for underwater robots is expected to hit <a href="https://www.visionresearchreports.com/underwater-robotics-market/38792" target="_blank">nearly $11 billion</a> by 2030.
In Q1 2023, the company&rsquo;s revenue <a href="https://www.google.com/search?q=otcmkts:krknf+financials&amp;oq=KRKn&amp;gs_lcrp=EgZjaHJvbWUqBggAEEUYOzIGCAAQRRg7MgYIARBFGDsyBggCEEUYOTIGCAMQRRg50gEHODc4ajBqNKgCALACAA&amp;sourceid=chrome&amp;ie=UTF-8&amp;si=ACFMAn8e0n2Ajn-XHGNoVgG5KE2eKubXKj6r8hiFyZvev2j2A5xkufrfj5jvfLSR0gl8rZKPFtkaTxCR3z2LHGFwtJaQ6-5b6Jy6IVmsVPX937BVGrIdbGcWPcx-ajEQ7CU-ook2XvDpavnm2mDOj7rG4g9zuaIB_Q%3D%3D&amp;ictx=1&amp;ved=2ahUKEwipkoSSy9SAAxVWlYkEHeXRDzYQw_oBegQIJRAC#:~:text=Main%20Results-,Financials,-Quarterly%20financials" target="_blank">jumped 37.5%</a> to $7.6 million. Notably, after a massive loss last year, Kraken did significantly reduce its losses to only $1.34 million this past quarter, a 47.8% year-over-year reduction.
Robert Young from Canaccord is the lone analyst on the stock. He&rsquo;s got a buy rating and a price target of 90 cents on this stock. That represents robust 136% upside from today&rsquo;s 28 cents. However, I think that price target is fair, given Kraken&rsquo;s growth prospects and strengths in underwater robotics.
<h2>UiPath (PATH)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/04/path-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website homepage of UiPath (PATH)." width="300" height="169"><div>Source: dennizn / Shutterstock.com</div></div>
UiPath (NYSE:<a href="https://investorplace.com/stock-quotes/path-stock-quote/">PATH</a>) is a leader in robotic process automation (RPA) software used to automate repetitive tasks for businesses. This stock has been stuck in the $10-$15 range for more than a year. However, I believe a breakout could happen soon, simply because Wall Street is still underestimating the company&rsquo;s growth potential.
With over 10,000 global enterprise customers across various industries, UiPath has a massive reach. The company&rsquo;s 122% net retention rate shows strong customer loyalty too, and a partner network of 5,000+ companies, including Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Salesforce (NYSE:<a href="https://investorplace.com/stock-quotes/crm-stock-quote/">CRM</a>), also provide wide sales channels.
Since its IPO in April 2021, UiPath has topped earnings expectations every single quarter. In Q1 2024, <a href="https://www.google.com/search?q=nyse:path+financials&amp;oq=path+stock&amp;gs_lcrp=EgZjaHJvbWUqBggAEEUYOzIGCAAQRRg7MgYIARBFGDkyBggCEEUYOzIGCAMQRRg7MgYIBBBFGDwyBggFEEUYPDIGCAYQRRg80gEHODY1ajBqOagCALACAA&amp;sourceid=chrome&amp;ie=UTF-8&amp;si=ACFMAn8e0n2Ajn-XHGNoVgG5KE2eKubXKj6r8hiFyZvev2j2A5xkufrfj5jvfLSR0gl8rZItUF4bAenNIkroElEGL8oTOAJXuHjDGNl-qcuu4_JQo3zC403kRz6YUdp8WJOwFkbhRB71DdLQuDlU_sihJX18dUjIjQ%3D%3D&amp;ictx=1&amp;ved=2ahUKEwju-aeNzdSAAxXVtokEHRXbCXAQw_oBegQINxAC#:~:text=Main%20Results-,Financials,-Quarterly%20financials" target="_blank">revenue grew 18.2%</a> to $289.6 million, cruising by estimates of $272 million. Non-GAAP earnings per share of 11 cents also handily beat consensus estimates of 2 cents. On top of that, management <a href="https://ir.uipath.com/news/detail/292/uipath-reports-first-quarter-fiscal-2024-financial-results#:~:text=Revenue%20in%20the%20range%20of%20%241.267%20billion%20to%20%241.272%20billion" target="_blank">raised</a> its full-year guidance to 20% year-over-year revenue growth.
Analysts have an average price target of $18.20 for PATH stock, representing <a href="https://www.tipranks.com/stocks/path/forecast" target="_blank">18% upside</a>. In my opinion, I think it&rsquo;s likely this stock will be a compounder over time, given UiPath&rsquo;s leadership in the RPA market, which is expected to grow at a compounded annual growth rate of nearly <a href="https://www.globenewswire.com/news-release/2023/03/24/2633986/0/en/Global-Robotic-Process-Automation-RPA-Market-Size-Share-Expected-to-See-USD-66-079-34-Million-by-2032-at-37-9-CAGR-Polaris-Market-Research.html#:~:text=%E2%80%9CAccording%20to%20the%20latest%20research,%25%20between%202023%20and%202032.%E2%80%9D" target="_blank">38% through 2032</a>.
<h2>Zebra Technologies (ZBRA)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/03/robotic-hand-car-keys-av-300x169.png" alt="An image of a robotic hand holding a car key, autonomous driving" width="300" height="169"><div>Source: Andrey_Popov / Shutterstock</div></div>
Zebra Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/zbra-stock-quote/">ZBRA</a>) is a leader in enterprise asset intelligence, providing real-time visibility into inventory, equipment, vehicles, people, and more. Notably, ZBRA stock has fallen 58% from its peak in last year due to recent earnings disappointments driven by supply chain disruptions.
While these near-term headwinds are priced in, I see this recent dip as a buying opportunity. Zebra is <a href="https://seekingalpha.com/symbol/ZBRA/earnings/estimates" target="_blank">forecasted</a> to deliver double-digit growth through at least 2026. In Q2 2023, revenue declined by 17.3% to $1.2 billion. But as I said earlier, this deceleration is likely temporary, and should be reversed over the next few years.
I would caution that management sharply <a href="https://www.marketbeat.com/instant-alerts/nasdaq-zbra-earnings-guidance-2023-08-01/" target="_blank">slashed their revenue guidance</a> to $964 million for the full year. Now, that&rsquo;s not great, but the market has priced that in already. Thus, I expect a similarly sharp recovery once the company&rsquo;s supply chain situation improves.
Zebra has a wide reach with <a href="https://www.zebra.com/us/en/about-zebra.html" target="_blank">over 10,000 partners globally</a> across retail, healthcare, manufacturing, and other industries. Its competitive moat will widen as the enterprise asset intelligence market grows at a <a href="https://www.gminsights.com/industry-analysis/artificial-intelligence-in-asset-management-market" target="_blank">24.2% CAGR to $20.5 billion</a> by 2032. Impressively, Zebra also invests 10% of its revenue into innovation, landing it over 6,500 patents worldwide. Thus, with all that in mind, I see substantial capital appreciation ahead for investors in ZBRA stock.
On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&nbsp;With only the rarest exceptions,&nbsp;InvestorPlace does not publish commentary about companies that have a market cap of&nbsp;less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because&nbsp;these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market&nbsp;manipulators. If we ever do publish commentary on a low-volume stock that may be&nbsp;affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this&nbsp;fact and warn readers of the risks.
Read More:&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a>
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral" target="_blank">Publishing Guidelines</a>.
<div>
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. <a href="https://www.tipranks.com/experts/bloggers/omor-ibne-ehsan">TipRanks</a> has consistently ranked him among the top 5% of experts as of August 2023. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.
</div>
<h3>More From InvestorPlace</h3>
<ul><li>
						<a href="https://investorplace.com/2023/07/venture-capitalist-predicts-this-chatgpt-announcement-will-shock-the-world/?cid=MKT744191&amp;eid=MKT752258">The #1 AI Name for 2023 Could Be About to Ignite This $20.6 Trillion Wealth Shift</a>
					</li>
<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT752256">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
<li>
						<a href="https://investorplace.com/2022/06/this-could-be-the-best-deal-in-the-history-of-independent-investing-research/?cid=MKT638063&amp;eid=MKT752248">The $1 Investment You MUST Take Advantage of Right Now</a>
					</li>
<li>
						<a href="https://investorplace.com/2023/05/secret-income-blueprint-of-the-one-percent/?cid=MKT730394&amp;eid=MKT752254">The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors</a>
					</li>
</ul><div>
<div>
<div></div>
<div></div>
</div>
</div>

The post <a href="https://investorplace.com/2023/08/3-cheap-robotics-stocks-that-smart-investors-will-snap-up-now/">3 Cheap Robotics Stocks That Smart Investors Will Snap Up Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Cheap Robotics Stocks That Smart Investors Will Snap Up Now

Kraken announces $2.7 million of sonar & subsea battery contracts

Kraken Robotics receives $3M contract

Kraken announces changes to Board of Directors

Kraken Robotics reports Q3 results

Kraken Robotics secures $1 million contract to survey buried subsea pipeline

Kraken Robotics awarded seabed contract in Australia

Kraken Robotics Updates 2023 Financial Guidance

Kraken Robotics gets $6 Million order for subsea batteries

Kraken Robotics enters into new credit agreement

KRKNF

PATH

ZBRA

Events

Press Releases

Keynote Speakers and 34 Companies to Present at the Planet MicroCap Showcase: VANCOUVER on September 6-7, 2023 at the Fairmont Waterfront Vancouver

Kraken Robotics Presenting at the Planet MicroCap Showcase: VANCOUVER 2023

Offerings

Small Cap

Kraken Robotics Inc. Announces $17.5 Million Bought Deal Public Offering

AKRFF

BWLKF

CSE:ERTH

CSE:NVRO

CYSNF

DCMDF

ELVA

ESGLF

FLYLF

IESVF

ISDR

JETMF

LWLG

MAMA

MBXBF

MHUBF

NSCIF

PKANF

POWW

SABOF

SOPA

TRPTF

TSX:DCM

TSX:ELVA

TSX:GEO

TSX:GRID

TSX:MBX

TSX:MVP

TSX:WELL

TSXV:AKR

TSXV:ARC

TSXV:BWLK

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for Kraken Robotics Stock (OTC:KRKNF)

Tuesday, March 24, 2020

Friday, February 28, 2020