Planet Based Foods Glb Stock (OTC: PBFFF)

Planet Based Foods Glb (OTC:PBFFF) Stock, Quote.Headers.trade-ideas

Planet Based Foods Global Inc is focused on vegan meat analog-based products, made predominantly from hemp plant-derived proteins. It offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles. The company manufactures and offers its products for the wholesale market including sales to restaurants and resellers of Consumer Packaged Goods (CPG).

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Former NBA player Metta Sandiford-Artest, also known as Metta World Peace, is seeking a $1 billion dollar investment for his Artest Management Group, per a Bloomberg report.

Former NBA Player Metta World Peace Targets $1B Investment For His Artest Management Group

PLANET BSED FD GBL VT by Planet Based Foods Global Inc.

Planet Based Foods Global Inc

U.S. stock futures were mixed on Thursday following Wednesday&#8217;s <a href="https://www.benzinga.com/news/earnings/25/01/43021827/dow-jumps-700-points-following-inflation-data-greed-index-remains-in-fear-zone">rally</a>. Futures of the S&amp;P 500, Nasdaq 100, and Dow Jones were higher, whereas the gauge of small-cap stocks Russell 2000 was trading lower in premarket trade.
Traders responded to better-than-expected inflation data on Wednesday as most stocks rallied. The headline Consumer Price Index rose 2.9% year-over-year in December, up from November's 2.7%, matching economist forecasts.
The 10-year Treasury note yielded 4.66%, while the two-year note yielded 4.28%. The CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> indicated a 97.3% probability that the Federal Reserve will hold interest rates steady at its upcoming meeting on Jan. 31, 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.48%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.33%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.06%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) both experienced positive premarket trading on Thursday. SPY rose 0.35% to $594.86, and QQQ climbed 0.45% to $519.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stocks surged on Wednesday, experiencing their largest single-day <a href="https://www.benzinga.com/news/earnings/25/01/43021827/dow-jumps-700-points-following-inflation-data-greed-index-remains-in-fear-zone">gain</a> since Nov. 6, 2024.
Inflation data released on Wednesday showed a slight uptick in consumer prices in December, matching economists&#8217; expectations. However, the monthly increase was the largest since March.
Several major banks, including JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Citigroup Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reported strong fourth-quarter earnings, with Citigroup also announcing a significant share buyback program.
Most sectors within the S&amp;P 500 experienced gains, particularly consumer discretionary, communication services, and financial stocks. Conversely, consumer staples stocks bucked the trend and closed lower.
The Dow Jones Industrial Average closed with a substantial gain of around 703 points. The S&amp;P 500 and Nasdaq Composite also recorded significant increases.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.45%</td>
<td>19,511.23</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.83%</td>
<td>5,949.91</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.65%</td>
<td>43,221.55</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.99%</td>
<td>2,263.29</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
After Wednesday&#8217;s rally, Charlie Bilello, the chief market strategist at Creative Planning said in an X post that about one-third of the S&amp;P 500&#8217;s composition was concentrated in the &#8216;Magnificent Seven&#8217; stocks. According to a chart shared by him the concentration in these stocks rose to 33.5% from 28% a year ago.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over a third of the S&amp;P 500 is now concentrated in the &quot;Magnificent Seven&quot; stocks, up from a fifth of the index two years ago. Video: <a href="https://t.co/CRei7RqnLO">https://t.co/CRei7RqnLO</a> <a href="https://t.co/P69ATuGRHv">pic.twitter.com/P69ATuGRHv</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1879733848822403087?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Talking about inflation, Collin Martin, director, of fixed income strategy at the Schwab Center for Financial Research said, &#8220;CPI was a step in the right direction, but we&#8217;ll need to see more reports like this for evidence that the disinflationary trend has resumed.&#8221;
At the same time, Liz Ann Sonders, the chief investment strategist, at Charles Schwab highlighted that the spread between S&amp;P 500's forward earnings yield and 10-year Treasury yield has reached a new 23-year low.
<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">Spread between S&amp;P 500's forward earnings yield and 10y Treasury yield has reached new 23-year low <a href="https://t.co/SxoQO7TU9K">pic.twitter.com/SxoQO7TU9K</a>
&mdash; Liz Ann Sonders (@LizAnnSonders) <a href="https://twitter.com/LizAnnSonders/status/1876605073117122574?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to RMB Capital, the U.S. consumer remained resilient while U.S. government spending continued unchecked despite sticky inflation and higher interest rates.
&#8220;The incoming administration appears focused on the challenging task of bolstering economic growth while at the same time reducing the deficit. The most critical element of this endeavor will be curtailing the deficit while keeping longer-term yields contained, so as not to disrupt economic expansion,&#8221; it added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
<ul>
<li>On Thursday at 8:30 a.m., ET initial jobless claims data for the week ending Jan. 11 will be released.</li>
<li>December&#8217;s U.S. Retail Sales figures will be announced.</li>
<li>The Import Price Index for December will be published.</li>
<li>The Philadelphia Fed Manufacturing Survey for January will be released.</li>
<li>At 10:00 a.m., ET, the business inventories data for November will be released.</li>
<li>The Home Builder Confidence Index for January will be published.</li>
<li>On Friday, at 8:30 a.m. ET, the Housing Starts and Building Permits data for December will be released.</li>
<li>At 9:15 a.m., ET, the Industrial Production and Capacity Utilization figures for December will be announced.</li>
</ul>
Stocks In Focus:
<ul>
<li>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) was up 0.38% in premarket on Thursday as Wall Street expects it to report quarterly earnings of 77 cents per share on revenue of $25.19 billion before the opening bell.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) was up 1.49% ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $1.70 per share on revenue of $15.03 billion.</li>
<li>UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) was up 0.4% as Wall Street expects it to report quarterly earnings of $6.72 per share on revenue of $101.76 billion before the opening bell.</li>
<li>Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was up 4.83% after it beat the fourth quarter revenue and EPS estimate. Its top client Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was also up 2.04%.</li>
<li>Synovus Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) was up 0.46% after reporting upbeat fourth-quarter financial results on Wednesday.</li>
<li>Powell Max Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMAX#NASDAQ">PMAX</a>) was up 84.66% as it is targeting firms with between $1 million and $5 million in revenue to expand into the Hong Kong and Asian financial communications market.</li>
<li>Douyu International Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) was up 23.76% after naming Simin Ren as co-CEO and announced a special cash dividend of $9.94/ADS.</li>
<li>BigBear.ai Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) was up 14.45% as it appointed Kevin McAleenan as CEO and a member of the company&#8217;s board, effective as of Wednesday. McAleenan will replace Mandy Long, who is transitioning to an advisory role.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.30% to hover around $78.47 per barrel.
The gold spot index was up by 0.71% to $2,737.06 per ounce. The Dollar Index was down 0.01% at 109.083 level.
Asian markets closed higher on Thursday as Hong Kong&#8217;s Hang Seng, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, Japan&#8217;s Nikkei 225 and South Korea&#8217;s Kospi index rose. European markets were also trading higher.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43021065/cash-app-parent-block-inc-eyes-395-upside-bofa-believes-us-centric-re-acceleration-story-will-drive-the-stock">Jack Dorsey&#8217;s Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock</a></li>
</ul>
Photo courtesy: Wikimedia

Analyst Color

Equities

Macro Economic Events

Market Summary

Broad U.S. Equity ETFs

Economics

Pre-Market Outlook

Markets

Analyst Ratings

ETFs

BBAI

DOYU

NVDA

PMAX

US Stocks Could Open Higher After Big Banks Report Strong Earnings: Mag 7 Now Account For A Third Of S&P 500's Market Capitalization, Raising Alarms

Baird analyst Jeff Johnson upgrades DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) from Neutral to Outperform and raises the price target from $86 to $104.

Upgrades

Price Target

DXCM

Baird Upgrades DexCom to Outperform, Raises Price Target to $104

On Wednesday, January 15, U.S. markets closed significantly higher, with major indexes recording their largest gains in over two months. The rally was fueled by softer-than-expected inflation data (CPI, PPI) and robust bank earnings. While expectations for Federal Reserve rate cuts increased, concerns about inflation and potential policy shifts under the incoming Trump administration persisted.
In economic data, the Consumer Price Index rose 2.9% year-over-year in December, up from 2.7% in November, aligning with forecasts. Monthly inflation climbed 0.4%, the sharpest increase since March 2024, following November&#8217;s 0.3% gain.
Most S&amp;P 500 sectors rose, with consumer discretionary, communication services, and financials leading gains, while consumer staples closed slightly lower.
The Dow Jones Industrial Average was up 1.65% and closed at 43,221.55, the S&amp;P 500 closed higher by 1.83% at 5,949.91, and the Nasdaq Composite rose 2.45% to finish at 19,511.23.
Aisa Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed higher by 0.32% at 38,594.50, led by gains in the Banking, Services, and Electrical/Machinery sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 surged 1.38%, ending the session at 8,327.00, led by gains in the Financials, A-REITs, and Gold sectors.</li>
<li>India's Nifty 50 closed higher by 0.59% at 23,350.50, and Nifty 500 gained 0.88% closing at 21,740.60,</li>
<li>China&#8217;s Shanghai Composite gained 0.28% and closed at 3,236.03, and the Shenzhen CSI 300 rose 0.11%, finishing the day at 3,800.38.</li>
<li>Hong Kong&#8217;s Hang Seng closed the session higher by 1.23% at 19,522.89.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 was up 1.32%.</li>
<li>Germany&#8217;s DAX fell 0.10%.</li>
<li>France&#8217;s CAC rose 1.98%.</li>
<li>U.K.&#8217;s FTSE index 100 traded higher by 0.88%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.01% at $76.68/bbl, and Brent was down 0.11% at $81.94/bbl.</li>
<li>Oil prices steadied after hitting multi-month highs, driven by U.S. sanctions on Russia and a sharp crude stock drop, while OPEC+ maintained caution on supply amid rising global demand.</li>
<li>Natural Gas declined 0.42% to $4.066.</li>
<li>Gold was trading higher by 0.75% at $2,738.31, Silver was up 1.32% to $31.948, and Copper rose 0.90% to $4.4287.</li>
</ul>
U.S. Futures at 06:00 AM ET
Dow futures were down 0.01%, S&amp;P 500 futures rose 0.19% and Nasdaq 100 futures gained 0.31%.
Forex at 06:00 AM ET
<ul>
<li>The U.S. Dollar Index fell 0.05% to 109.06, USD/JPY declined 0.42% to 155.73, and USD/AUD gained 0.21% to 1.6092.</li>
<li>The U.S. dollar steadied despite falling bond yields after inflation data, as the focus shifted to Trump&#8217;s inauguration and its inflationary implications.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Up, Europe Markets Mixed; Dollar Steadies - Global Markets Today While US Slept

JP Morgan analyst Zach Parham initiates coverage on Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Overweight rating and announces Price Target of $112.

Initiation

JP Morgan Initiates Coverage On Expand Energy with Overweight Rating, Announces Price Target of $112

TransUnion currently owns approximately 26% of Trans Union de Mexico, has held seats on its board of directors for over two decades, and serves as one of its technology providers.&nbsp;
TransUnion has agreed to acquire an additional 68% from selling shareholders, including several of the largest banks operating in Mexico.&nbsp;
Cash consideration for the transaction is approximately MXN 11.5 billion, or $560 million using a USD/MXN exchange rate of 20.53 as of January 14, 2025 based on an enterprise value of MXN 16.8 billion, or $818 million at the previously mentioned exchange rate.&nbsp;
With this transaction, TransUnion's ownership would increase to approximately 94%. Buró de Crédito's commercial credit business is excluded from the transaction.
&nbsp;

TransUnion Agrees To Acquire Majority Ownership Of Trans Union de Mexico, S.A., S.I.C.; Cash Consideration For The Transaction Is $560M

Quantum computing stocks continued their upward momentum in Thursday&#8217;s premarket, building on <a href="https://www.benzinga.com/markets/equities/25/01/42998134/qubt-qbts-up-12-rgti-gains-3-in-wednesday-premarket-quantum-computing-stocks-gain-momentum-after-microsoft-says-we-are-right-on-the-cusp-of-seeing-quantum-computers-solve-meaningful-problems">Wednesday&#8217;s strong gains.</a> The surge followed Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) call for businesses to embrace a &#8220;quantum-ready&#8221; future by 2025, signaling growing optimism around the sector&#8217;s potential.
What Happened: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, shares of Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) rose by 15.58%, Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) increased by 3.47%, IONQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) up by 1.93% and D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) climbed 9.67% in pre-market trading on Thursday. 
Mitra Azizirad, president and COO of Microsoft&#8217;s strategic missions and technologies, on Tuesday, highlighted in a blog post that we are entering a reliable quantum computing era capable of solving significant problems and unlocking new business value.
The rally gained further momentum as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/news/25/01/43001201/nvidia-announces-first-ever-quantum-day-at-gtc-2025-days-after-jensen-huang-said-quantum-computing-is-20-years-away">announced a &#8220;Quantum Day&#8221; </a>at its upcoming GTC conference in March. Microsoft also launched a program to help businesses prepare for this transformative era, emphasizing the urgency for business leaders to act. Quantum computing stocks had previously surged last year following Google&#8216;s breakthrough with its Willow quantum computing chip.
Despite Nvidia CEO Jensen Huang&#8216;s assertion that<a href="https://www.benzinga.com/markets/equities/25/01/42966492/jensen-huang-said-quantum-computing-is-20-years-away-but-nvidia-bets-big-on-strategic-hiring"> practical quantum computing</a> is likely two decades away, the company is not waiting to invest in its future. Nvidia is actively hiring for roles that will strengthen its quantum computing capabilities, indicating a long-term commitment to integrating quantum and classical computing systems.
Furthermore,&nbsp;Jim Cramer&nbsp;has been steering investors toward <a href="https://www.benzinga.com/markets/equities/25/01/42993388/jim-cramer-eyes-quantum-computing-stocks-like-rigetti-after-gamestop-sell-off-warns-against-super-micro-computer-they-are-trying-so-hard-to-walk-it-up-now">quantum computing stocks</a> like Rigetti, especially following the GameStop sell-off. Cramer highlighted the extraordinary trading volume of Rigetti shares, suggesting a strong interest in the sector. 
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.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/43022654/taiwan-semiconductor-q4-earnings-3nm-and-5nm-nodes-lead-topline-growth-expands-margins-issues-strong-q1-outlook">Taiwan Semiconductor Q4 Earnings: 3nm and 5nm Nodes Lead Topline Growth, Expands Margins, Issues Strong Q1 Outlook</a></li>
</ul>
Image via Rawpixel

IONQ

MSFT

QBTS

QUBT

RGTI

Quantum Computing Stocks Continue Their Wild Surge In Thursday Premarket: QUBT Up 15%, QBTS Climbs 9%, RGTI Gains Over 3%

As a result, the Company achieved its improved full-year 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat to the mid-point of its initial production 2024 guidance of 110,000 to 120,000 ounces. As a result of this increased production the Company anticipates full year 2024 all-in sustaining cost1 (AISC) to be at the low end of the improved guidance range of $800 to $900 per ounce of gold sold. Complete financial and operating results for the fourth quarter and full year 2024 are expected to be provided on March 18, 2025.
&nbsp;
2025 Guidance Summary (Preliminary)
This preliminary guidance does not reflect the benefits of the Company's acquisition of the Musselwhite Mine from Newmont Corporation, announced on November 18, 2024, which is anticipated to close in the first quarter of 2025. Updated 2025 guidance, including the Musselwhite Mine and corporate G&amp;A will be provided following the transaction's closing. The Company's preliminary 2025 guidance is set forth below.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Gold Production – Camino Rojo</td>
<td colspan="1" rowspan="1">oz</td>
<td colspan="1" rowspan="1">110,000 – 120,000</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Cash Cost (net of by-product) – Camino Rojo</td>
<td colspan="1" rowspan="1">$/oz sold</td>
<td colspan="1" rowspan="1">$625 – $725&nbsp;&nbsp;&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">AISC1&nbsp; – Camino Rojo</td>
<td colspan="1" rowspan="1">$/oz sold</td>
<td colspan="1" rowspan="1">$875 – $975</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$27.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Sustaining capital expenditures – Camino Rojo</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$10.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Non-sustaining – capitalized exploration – Camino Rojo</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$7.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Non-sustaining – capital projects – South Carlin Complex</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$10.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Exploration and Project Development Expenses</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$36.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Regional Exploration – Camino Rojo</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$9.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Regional Exploration – South Carlin Complex</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$15.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;&nbsp;&nbsp; Project Development – South Carlin Complex</td>
<td colspan="1" rowspan="1">$m</td>
<td colspan="1" rowspan="1">$12.0</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Guidance

ORLA

Orla Mining Produced 26,531 Ounces Of Gold In The Fourth Quarter, Bringing Total Annual Gold Production For 2024 To 136,748 Ounces

A former OpenAI engineer&#8217;s death has sparked controversy after his mother claimed he possessed sensitive documents about the artificial intelligence company&#8217;s practices. Suchir Balaji, who had worked with Sam Altman&#8216;s AI company, was found dead in his San Francisco apartment in <a href="https://www.benzinga.com/media/24/12/42495291/openai-whistleblower-found-dead-after-raising-ai-copyright-concerns">what authorities ruled a suicide</a>.
What Happened: In an interview with Tucker Carlson on Thursday, Balaji&#8217;s mother, Poornima Ramarao, alleged her son was killed because of his knowledge about OpenAI&#8217;s operations. 
&#8220;New York Times named my son as a custodian witness&#8230; He had documents against OpenAI,&#8221; Ramarao stated, adding that Balaji had recently returned from a vacation in Los Angeles before his death.
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.
The case has drawn attention from Tesla Inc. CEO Elon Musk, a former OpenAI co-founder, who described the situation as &#8220;extremely concerning&#8221; on social media. Musk had previously expressed skepticism about the suicide ruling.
<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">Extremely concerning <a href="https://t.co/ze1mmlIMdD">pic.twitter.com/ze1mmlIMdD</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1879795436623630825?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to Ramarao, Balaji had opposed OpenAI&#8217;s shift toward a profit-driven model and had raised concerns about the company&#8217;s copyright practices, particularly regarding its fair use defense for generative AI. 
See Also: <a href="https://www.benzinga.com/news/25/01/43019094/bidens-farewell-address-targets-tech-oligarchy-in-trump-2-0-era-president-says-americans-face-avalanche-of-misinformation">Biden&#8217;s Farewell Address Targets Tech Oligarchy In Trump 2.0 Era: President Says Americans Face &#8216;Avalanche Of Misinformation&#8217;</a>
Why It Matters: She emphasized that her son&#8217;s knowledge extended beyond copyright issues, stating he had unique insights into the company&#8217;s pre-training data processes.
&#8220;This is not just about copyright—it involves much more, including matters that could potentially harm society. This isn't just about my son's death. There are harmful practices that need to be evaluated and thoroughly investigated,&#8221; Ramarao said. 
The family is seeking to become estate administrators to access sealed documents held by The New York Times. Ramarao has called for a federal investigation, questioning why medical examiners have allegedly refused to meet with the family.
The controversy emerges amid growing scrutiny of AI development and its oversight. Balaji&#8217;s role as a custodian witness and his alleged possession of internal documents add significance to the case, particularly as debates continue about AI companies&#8217; practices and transparency.
OpenAI did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment. The San Francisco Police Department maintains its initial suicide ruling.
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: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/43021419/palantirs-shyam-sankar-says-spacex-and-tesla-are-models-for-reviving-american-manufacturing-amid-rising-concerns-over-military-readiness">Palantir&#8217;s Shyam Sankar Says SpaceX And Tesla Are Models For Reviving American Manufacturing Amid Rising Concerns Over Military Readiness</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

OpenAI Whistleblower Suchir Balaji's Mother Says Her Son Had Documents Against Sam Altman's AI Startup: Elon Musk Calls It 'Extremely Concerning'

MNTS

Momentus Granted Nasdaq Listing Extension Until April 15, 2025, To Regain Compliance With Listing Rule 5550(b)

<ul>
<li>ONS-5010 demonstrated to be non-inferior to Lucentis at 12 weeks</li>
<li>BLA resubmission on track for calendar Q1 2025</li>
<li>Entered into agreements for warrant inducement transaction expected to result in up to $20.4 million in gross proceeds</li>
</ul>

Biotech

Health Care

OTLK

Outlook Therapeutics Completed The Analysis Of The Complete 12-Week Safety And Efficacy Results For NORSE EIGHT Trial Of ONS-5010 In Wet Age-related Macular Degeneration Patients, Demonstrating Noninferiority To Ranibizumab, Plans To Resubmit The Biologics License Application In Q1 Of Calendar 2025.

PicoCELA intends to use the net proceeds from the Offering for (i) working capital for inventory production, (ii) product and service improvement, and (iii) research and development for new product and services.
 &nbsp;

IPOs

PCLA

Tokyo-Based PicoCELA Prices IPO Of 1.75M American Depositary Shares At $4.00 Per ADS; To Begin Trading On Nasdaq Under Ticker Symbol 'PCLA'

Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) disclosed that it expects global total shipments to decline 9% year-over-year to around 1.395 million units <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g43020587/stellantis-reports-q4-2024-consolidated-shipment-estimates" rel="noreferrer noopener">for the fourth quarter of 2024</a>.
The decrease aligned with a ~5% drop in underlying&nbsp;sales performance. The company&#8217;s 9%&nbsp;decline in shipments improved versus a 20%&nbsp;decline in the third quarter, as U.S. inventory reduction actions concluded and new product launches in Europe reduced gaps in its offering related to generational portfolio transition.
In North America, shipments fell by 28%, while sales dropped 5% Y/Y. The sharper shipment decline was due to inventory reduction efforts, cutting U.S. dealer stock by ~80,000 units to just over 300,000 by quarter-end.
In Enlarged Europe, shipments fell 6% Y/Y, an improvement from the third-quarter decline of 17% Y/Y, thanks to the Citroën C3/ë-C3 launch helping close a temporary B-segment gap.
The company stated that early demand for Stellantis&#8217; next-generation models is strong, with over 90,000 orders for the Citroën C3/ë-C3 and more than 140,000 for STLA Medium platform models, including the Peugeot 3008, Peugeot 5008, and Opel Grandland.
Apart from this, Stellantis&#8217; &#8220;Third Engine&#8221; shipments rose 5% Y/Y, led by 12% growth in South America and stability in the Middle East &amp; Africa, offsetting declines in China and India &amp; Asia Pacific.
South America benefited from stronger demand and a post-flood production rebound, while Middle East &amp; Africa saw gains in key markets, tempered by import restrictions in Algeria.
The company plans to report FY24 results <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">on February 26, 2025</a>.
Last week, the company inked a non-binding Memorandum of Understanding to accelerate the cloud-based <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42844621/stellantis-partners-with-dspace-to-accelerate-cloud-based-development-of-vehicles" rel="noreferrer noopener">development of Stellantis vehicles</a>.
Price Action: STLA shares are up 0.16% at $12.77 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42882959/intel-partners-with-amazon-cloud-to-drive-next-gen-smart-vehicle-tech" target="_blank" rel="noreferrer noopener">Intel Partners with Amazon Cloud to Drive Next-Gen Smart Vehicle Tech, Wins Stellantis, Karma Auto As Clients</a></li>
</ul>
Photo by Jonathan Weiss on Shutterstock.

Large Cap

STLA

Stellantis Projects 9% Shipment Decline For Q4 Amid US Inventory Cuts

UnitedHealth Group Affirms 2025 Outlook With Sales Of $450B-$455B And Adjusted EPS Of $29.50-$30.00 Compared To Consensus Of $448.125B And $29.83, Respectively And Cash Flow From Operations Of $32B-$33B

UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) reported quarterly earnings of $6.81 per share which beat the analyst consensus estimate of $6.72 by 1.34 percent. The company reported quarterly sales of $100.81 billion which missed the analyst consensus estimate of $101.76 billion by 0.94 percent. This is a 6.76 percent increase over sales of $94.43 billion the same period last year.

UnitedHealth Group Q4 2024 Adj EPS $6.81 Beats $6.72 Estimate, Sales $100.81B Miss $101.76B Estimate

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Krispy Kreme Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>)</h3>
<ul>
<li>On Jan. 9, Krispy Kreme announced changes to its global leadership team, naming Nicola Steele as incoming COO. &#8220;These leaders all have extensive company experience, commitment to operational excellence and passion for our iconic fresh doughnuts and beloved brand,&#8221; said Josh Charlesworth, Krispy Kreme CEO. &#8220;As we grow, these leadership changes will result in both a bigger and better Krispy Kreme.&#8221; The company' stock fell around 7% over the past mfive daysonth and has a <a href="https://www.benzinga.com/quote/DNUT">52-week low of $8.78</a>.</li>
<li>RSI Value: 27.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DNUT Price Action: Shares of Krispy Kreme fell 0.6% to close at $8.94 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">DNUT news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="807" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103.png" alt="" class="wp-image-736405" style="width:561px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103-768x683.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Wendy&#8217;s Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>The Wendy&#8217;s Company will report fourth quarter and full year 2024 results on Feb. 13, 2025. The company's stock fell around 10% over the past month and <a href="https://www.benzinga.com/quote/WEN">has a 52-week low</a> of $14.74.</li>
<li>RSI Value: 23.9</li>
<li>WEN Price Action: Shares of Wendy&#8217;s closed at $15.13 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">in WEN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104.png" alt="" class="wp-image-736406" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
<h3 class="wp-block-heading">Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>)</h3>
<ul>
<li>On Jan. 14, Morgan Stanley downgraded the stock from Overweight to Equal-Weight and cut its price target from $53 to $51. The company's stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LVS">low of $36.62</a>.</li>
<li>RSI Value: 23.5</li>
<li>LVS Price Action: Shares of Las Vegas Sands fell 1.8% to close at $44.20 on Wednesday. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">breakout in LVS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105.png" alt="" class="wp-image-736409" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105-768x732.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/42998360/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Long Ideas

Trading Ideas

DNUT

Top 3 Consumer Stocks You'll Regret Missing This Month

CNBC&#8217;s Jim Cramer took to the social media platform X to endorse Taiwan Semiconductor Manufacturing Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) strong fourth-quarter <a href="https://www.benzinga.com/25/01/43019420/quantum-computing-taiwan-semiconductor-meta-intuitive-surgical-and-tesla-why-these-5-stocks-are-on-investors-radars-today">earnings</a> while taking a jibe at outgoing president Joe Biden&#8216;s sanctions on the chipmaker.
What Happened: Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chip supplier TSMC beat its fourth-quarter revenue and earnings per share estimates on Thursday, &#8220;telling an excellent story,&#8221; according to Cramer&#8217;s X post.
However, Cramer added flavor to his observation by stating &#8220;what semi-sanction will Biden pull out of the hat next!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Taiwan Semi telling an excellent story that is good for NVDA, too, but what semi-sanction will Biden pull out of the hat next!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879779490894880972?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
TSMC delivered earnings of $2.24 per share on revenue of $26.88 billion. The EPS was 3.70% higher, whereas the revenue was 1.91% higher as compared to estimates.
The earnings also beat revenue guidance of $25.8 billion, whereas the gross margin for the quarter was in line with 59% growth guided by the company.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42999475/amd-shares-hint-at-a-reversal-as-charts-show-bullish-stick-sandwich-following-a-double-downgrade-from-hsbc">AMD Shares Hint At A Reversal As Charts Show Bullish Stick Sandwich Following A Double Downgrade From HSBC</a> 
Why It Matters: On Wednesday, the Biden administration placed over two dozen Chinese entities on a U.S. trade restriction list, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-manufactured chip was unlawfully integrated into a Huawei AI processor, reported Reuters.
Additionally, the Commerce Department enhanced controls on chip exports to China to more effectively prevent diversion to Huawei.
Price Action: TSMC&#8217;s stock was up 3.14% in premarket to $213.44 on Thursday. Over the past year, it has experienced a notable growth of 103.40%.
TSMC has a consensus price target of $200.8, according to the 6 analysts <a href="https://www.benzinga.com/quote/TSM/analyst-ratings">tracked by Benzinga</a>. The high target is $250, and the low is $89. Recent ratings by Barclays, Barclays, and Needham suggest a $226.67 target, implying a 4.67% upside.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/TSM/analyst-ratings"><img loading="lazy" decoding="async" width="945" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR.png" alt="" class="wp-image-736272" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR.png 945w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR-768x289.png 768w" sizes="(max-width: 945px) 100vw, 945px" /></a></figure>
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<li><a href="https://www.benzinga.com/25/01/43021065/cash-app-parent-block-inc-eyes-395-upside-bofa-believes-us-centric-re-acceleration-story-will-drive-the-stock">Jack Dorsey&#8217;s Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock</a></li>
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Photo courtesy: Shutterstock

Jim Cramer Quips About Joe Biden's TSMC Chips Sanction As Nvidia Supplier Beats Q4 Estimates

Guidance for FY25: &nbsp;• Revenue growth of 4.5%-5.0% in constant currency • Operating margin of 20%-22%&nbsp;

INFY

Infosys Expects FY25 Revenue Growth of 4.5%-5.0% (Prior 3.75%-4.50%) in Constant Currency, Reiterated Operating Margin of 20%-22%

The Cyberpunk 2077 hub is free to all Opera GX users. Accessible from the GX Corner home page, the hub brings a range of game-focused features.

OPRA

Opera Unveils Opera GX hub, A New Feature Designed To Blend Favorite Games Directly Into The Browser

<ul>
<li>M&amp;T's capital position continues to strengthen as the CET1 capital ratio increased for the seventh consecutive quarter to an estimated 11.67% at December 31, 2024, representing a 13 basis-point increase from 11.54% at September 30, 2024. M&amp;T repurchased shares of its common stock for a total cost of $200 million, including the share repurchase excise tax, in the fourth quarter of 2024.</li>
</ul>

M&T's CET1 Capital Ratio Rose For The Seventh Straight Quarter To 11.67% As Of December 31, 2024, Up 13 Basis Points From September

On Thursday, Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fourth-quarter results beat forecasts, fueled by demand for advanced processor node technologies for artificial intelligence applications.
The contract chipmaker, which supplies chips for&nbsp;Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) graphics processing unit&nbsp;(GPU)&nbsp;and Apple, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smartphones, guided first-quarter revenue <a target="_blank" href="https://investor.tsmc.com/english/quarterly-results/2024/q4" rel="noreferrer noopener">above the consensus</a>.
Taiwan Semiconductor reported fourth-quarter revenue of $26.88 billion (NT$868.46 billion), up 38.8% year-over-year, topping the analyst consensus estimate of $26.28 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43013634/opecs-optimism-clashes-with-ieas-conservative-2025-oil-growth-projections" rel="noreferrer noopener">OPEC&#8217;s Optimism Clashes With IEA&#8217;s Conservative 2025 Oil Growth Projections</a>
Net income and earnings per share were NT$374.68 billion and NT$14.45 per share ($2.24) versus <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus of $2.23</a>.
In dollar terms, revenue growth was 37.0% year over year and 14.4% quarter over quarter. <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips" rel="noreferrer noopener">The top-line performance</a> aligned with the company&#8217;s guidance of $26.1 billion—$26.9 billion.
Taiwan Semiconductor said its business was supported by demand for its 3-nm and 5-nm technologies. However, it expects smartphone seasonality to impact the first quarter, partially offset by continued growth in AI-related demand.
The company said 3-nm accounted for 26% of the total revenue, 5-nm accounted for 34%, and 7-nm technologies accounted for 14%. 7-nm and more advanced technologies comprised 74% of the total wafer revenue.
Margin Profile:&nbsp;Taiwan Semiconductor&#8217;s AI technology moat helped it expand its fourth-quarter gross margins by 600 bps to 59%, as its 3-nm and 5-nm chips gain traction at the cost of&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and&nbsp;Samsung Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>),&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42825523/taiwan-semi-likely-for-upside-backed-by-ai-demand-and-advanced-node-pricing-analyst-says" rel="noreferrer noopener">which struggled to transition</a>&nbsp;into advanced nodes. Taiwan Semiconductor&#8217;s operating margin expanded by 740 bps to 49%.
Outlook: Taiwan Semiconductor is guided for first-quarter 2025 revenue of $25.0 billion-$25.8 billion versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$24.97 billion consensus estimate</a>. It expects a gross margin of 57%—59% and operating profit margins of 46.5%—48.5%.
The company earmarked fiscal 2025 capex worth $38 billion-$42 billion (versus $29.8 billion a year ago) amid intensifying geopolitical tensions between the U.S. and China, with the former eying tougher <a target="_blank" href="https://www.benzinga.com/25/01/43003008/taiwan-semi-samsung-intel-may-face-stricter-us-rules-on-chip-exports-to-china-over-security-concerns" rel="noreferrer noopener">artificial intelligence technology</a> restrictions on the latter, citing national security concerns.
Taiwan Semiconductor stock surged over 103% in the last 12 months.
Investors can gain exposure to semiconductor manufacturing stocks through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock traded higher by 4.86% at $216.85 premarket at the last check on Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/tech/25/01/43008511/broadcoms-latest-san-switch-offers-scalable-energy-efficient-solution-for-growing-storage-demands" target="_blank" rel="noreferrer noopener">Broadcom&#8217;s Latest SAN Switch Offers Scalable, Energy-Efficient Solution for Growing Storage Demands</a></li>
</ul>
Photo by wakamatsu.h via Shutterstock

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AAPL

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