Latest news for Webstar Tech Gr (OTC:WBSR) Stock

Webstar Technology Group Inc is engaged in providing software as a service related to purchased, licensed and in-house-created software technology. Its licensed proprietary software technology solutions include Gigabyte Slayer, and Warp-G software solutions which are designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology.

WEBSTAR TECHNOLOGY GROUP by Webstar Technology Group Inc.

Webstar Technology Group Inc

Roth MKM analyst Jonathan Aschoff initiates coverage on GT Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTBP#NASDAQ">GTBP</a>) with a Buy rating and announces Price Target of $11.

News

Price Target

Initiation

Analyst Ratings

GTBP

Roth MKM Initiates Coverage On GT Biopharma with Buy Rating, Announces Price Target of $11

Piper Sandler analyst Biren Amin initiates coverage on Viking Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) with a Overweight rating and announces Price Target of $74.

VKTX

Piper Sandler Initiates Coverage On Viking Therapeutics with Overweight Rating, Announces Price Target of $74

Needham analyst Ami Fadia reiterates Merus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy and maintains $85 price target.

Reiteration

MRUS

Needham Reiterates Buy on Merus, Maintains $85 Price Target

Piper Sandler analyst Biren Amin initiates coverage on Corbus Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) with a Overweight rating and announces Price Target of $35.

CRBP

Piper Sandler Initiates Coverage On Corbus Pharmaceuticals with Overweight Rating, Announces Price Target of $35

Morgan Stanley analyst Hamza Fodderwala downgrades Tenable Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) from Overweight to Equal-Weight and lowers the price target from $50 to $47.

Downgrades

TENB

Morgan Stanley Downgrades Tenable Holdings to Equal-Weight, Lowers Price Target to $47

Morgan Stanley analyst Hamza Fodderwala downgrades SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from Overweight to Equal-Weight and maintains the price target from $29 to $29.

Morgan Stanley Downgrades SentinelOne to Equal-Weight, Maintains Price Target to $29

Morgan Stanley analyst Simeon Gutman upgrades Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) from Equal-Weight to Overweight and raises the price target from $92 to $97.

Upgrades

OKTA

Morgan Stanley Upgrades Okta to Overweight, Raises Price Target to $97

Morgan Stanley analyst Keith Weiss upgrades Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) from Equal-Weight to Overweight and raises the price target from $92 to $130.

Morgan Stanley Upgrades Cloudflare to Overweight, Raises Price Target to $130

Piper Sandler analyst Edward Tenthoff upgrades Xencor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNCR#NASDAQ">XNCR</a>) from Neutral to Overweight and raises the price target from $20 to $30.

XNCR

Piper Sandler Upgrades Xencor to Overweight, Raises Price Target to $30

Brett (BRETT) was one of the most successful meme coins over the last week, with returns eclipsing those of blue-chip currencies like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
What happened: BRETT recorded weekly gains of over 17%, becoming the best-performing meme coin among those with a market valuation of more than $1 billion.
The token reached an all-time high of $0.2342 on Sunday, resulting in a $2 billion market capitalization, before falling back to $0.20.
The latest uptick was likely in anticipation of a listing on a major cryptocurrency exchange, like Binance or Coinbase.
Pseudonymous cryptocurrency trader Crash noted that BRETT was one of the largest meme coins by market value yet to be launched on Binance and Coinbase.
"And just how bullish is this thing to be at $2B without either so far," the trader remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> is the largest market cap memecoin EVER not listed on <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw">@Binance</a> or <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> YET Whos listing first? And just how bullish is this thing to be at 2B without either so far&#x1f92f; <a href="https://t.co/xQudxwm2s3">pic.twitter.com/xQudxwm2s3</a>
&mdash; Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1863113867984773628?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
Why It Matters: Listing a cryptocurrency on exchanges increases liquidity, which in turn improves market efficiency. The listing also helps to increase the coin's visibility to a larger audience and builds confidence in its legitimacy.&nbsp;
In the past, meme coins like Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), and dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) have rallied significantly after getting listed on established trading platforms.&nbsp;
Inspired by the character of the same name from the popular comic series "Boys Club," BRETT is based on the Base blockchain.
Since its launch in February, BRETT has racked up gains of more than 417%, which was higher than Dogecoin and Shiba Inu's year-to-date gains.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>
Image via Shutterstock

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

Cryptocurrency

Markets

Movers

Trading Ideas

$DOGE

$FLOKI

$PEPE

$SHIB

$WIF

DOGE

BRETT Hits All-Time High, Touches $2B Market Cap Amid Binance, Coinbase Listing Buzz

Telsey Advisory Group analyst Joseph Feldman maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Market Perform and lowers the price target from $103 to $90.

Telsey Advisory Group Maintains Market Perform on Dollar Gen, Lowers Price Target to $90

Barclays analyst Dan Levy upgrades Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) from Equal-Weight to Overweight and raises the price target from $12 to $18.

Barclays Upgrades Dana to Overweight, Raises Price Target to $18

Morgan Stanley analyst Meta Marshall upgrades Zebra Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) from Underweight to Equal-Weight and raises the price target from $305 to $400.

ZBRA

Morgan Stanley Upgrades Zebra Technologies to Equal-Weight, Raises Price Target to $400

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has started rolling out version 13 of its full self-driving (FSD) driver assistance software to customers in North America after a significant delay.
What Happened: The new version includes several upgrades to the previous version and is expected to enable autonomous parking in a garage in the future, Tesla executive Ashok Elluswamy said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are working on parking options, including garages.
&mdash; Ashok Elluswamy (@aelluswamy) <a href="https://twitter.com/aelluswamy/status/1863098623577452588?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
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Tesla CEO Elon Musk has previously said that version 13 of the technology will enable drivers to drive five to 10 times more miles autonomously than the previous version of the software before they will have to intervene.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cool. V13 will be another 5 to 10 times better in miles between interventions.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1857456710312435933?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
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</figure>
The EV company had said in September that it would launch version 13 of FSD in October. However, Tesla is known for delaying its timelines. 
Why It Matters: Tesla&#8217;s FSD, despite the name, is yet to enable fully autonomous driving. However, Musk is optimistic. He has previously said that Tesla will solve autonomy even if he got &#8220;kidnapped by aliens.&#8221;
Musk also said during Tesla's third-quarter earnings call that the company expects to start a ride-hail service in Texas and California starting next year,&nbsp;<a href="https://www.benzinga.com/news/24/10/41484511/palo-alto-may-open-streets-to-tesla-robotaxis-but-california-regulators-will-decide-fate" target="_blank" rel="noreferrer noopener">subject to regulatory approval</a>, with self-driving Model 3 and Model Y vehicles.
However, the vehicles might not all operate as driverless robotaxis initially but with a driver as some states demand it until the company touches certain milestones in terms of miles and hours driven, the company then said.
However, Musk also expressed confidence about the&nbsp;<a href="https://www.benzinga.com/top-stories/24/10/41279865/elon-musk-may-unveil-teslas-robotaxi-but-consumers-respond-with-ehhh-new-study-reveals-skepticism-ne" target="_blank" rel="noreferrer noopener">company operating driverless paid rides sometime next year</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42259569/chinese-ev-behemoth-and-tesla-rival-byd-marks-68-growth-in-november-sales-on-rising-popularity-of-plug-in-hybrid-evs">Tesla Rival BYD Marks 68% Growth In November Sales Driven By Popularity Of Plug-In Hybrid EVs</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla Launches FSD V13 But Vehicle Autonomy Is Still Further Away

MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) ("MMV" or the "Company"), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the "Share Exchange Agreement") with the shareholders (the "Transferors") of Bowong AI Limited ("Bowong Cayman"), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. ("Bowong Technology"). Bowong Technology is a company equipped with cutting-edge technologies that is vertically integrated in the AI e-commerce sector. It focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms.
The Share Exchange Agreement supersedes a non-binding term sheet between the Company and Bowong Technology, which was announced on October 2, 2024. Pursuant to the Share Exchange Agreement, each of the Transferors agrees to sell and transfer to the Company all of the shares of Bowong Cayman he beneficially owns, and in exchange and as consideration therefor, the Company agrees to issue and allot an aggregate of&nbsp;37,000,000 Class A ordinary shares to such Transferors. Upon completion of the foregoing, Bowong Cayman will become a wholly-owned subsidiary of the Company, and Bowong Technology and all the subsidiaries and affiliates controlled by it will become consolidated subsidiaries and affiliates of the Company.

Eaton Vance Massachusetts Municipal Income Trust

MultiMetaVerse Holdings To Acquire Bowong Cayman Which Involves Issuance of 37M Shares, Eyes AI E-Commerce Revolution

The latest rankings of the most popular free apps on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone in the U.S. reveal a strong inclination toward games, social media platforms, and productivity tools.
What Happened: As of Nov. 28, 2024, here are the U.S. App Store&#8217;s 10 most popular free iPhone apps:
Block Blast: Developed by Artemis Limited, Block Blast is a puzzle game that combines block and jigsaw elements. The game offers offline play, simple controls, and smooth visuals, making it a quick and relaxing way to pass the time.
Threads: Created by Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram, Threads is a social network that was launched as a rival to Elon Musk's X. While reporting Meta's third-quarter revenue, Mark Zuckerberg said that Threads now has about <a href="https://www.benzinga.com/general/social-media/24/10/41657772/musk-thinks-threads-is-boring-but-275-million-monthly-users-signal-zuckerbergs-platform-coul">275 million monthly active users</a>.
ChatGPT: Created by AI startup OpenAI, ChatGPT helps users with tasks like writing, brainstorming, and learning. Previously it was reported that OpenAI could <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">increase the price</a> of the ChatGPT Plus subscription which is currently available at $20/per month. The chatbot has surged to 250 million weekly active users since its <a href="https://www.benzinga.com/news/23/02/30908169/chatgpts-100-millionth-user-means-the-age-of-ai-is-here">launch two years ago</a>.
See Also: <a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a>
Bluesky: Another Twitter competitor, Bluesky is a decentralized social networking app designed to give users control over their content and data. Since Donald Trump emerged as the winner of the 2024 U.S. Presidential election, the platform has been witnessing a <a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising">massive surge of new users</a>, including a large number of Taylor Swift's fans.
Pokémon TCG Pocket: It is the latest mobile entry of Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Pokémon Trading Card Game. As a free-to-play title, it lets players collect digital cards, construct decks, and compete in battles against AI or other players online. In November it was reported that TCG Pocket earned more than $12 million within just <a href="https://www.benzinga.com/general/gaming/24/11/41725114/pok-mon-tcg-pocket-earns-12-million-in-four-days-fueled-by-u-s-downloads">four days of its launch</a>.
Capital One Shopping: Created by Wikibuy, LLC, Capital One Shopping is a free browser extension and app that helps users save money when shopping online. It automatically finds coupons, compares prices from over 30,000 retailers, and offers rewards in the form of credits that can be redeemed for gift cards.
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.
Walmart: The Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) app is a one-stop shopping tool for users to browse products, make purchases, and find deals. Users can also choose between home delivery or in-store pickup.
Google Gemini: <a href="https://www.benzinga.com/news/23/12/36127273/google-launches-gemini-ai-signals-new-era-in-artificial-intelligence">Developed</a> by Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Gemini integrates multimodal processing with reasoning capabilities and integration into Google&#8217;s ecosystem. Like ChatGPT, it serves a variety of purposes from personal assistance to professional coding support.
Perfect Tidy: Created by ABI Game Studio, this game challenges players to clean up cluttered spaces within a limited time frame. It also combines puzzle-solving with elements of home organization, offering a relaxing and engaging experience.
TikTok: ByteDance-owned TikTok continues to remain one of the most popular entertainment apps, known for its short, viral videos. The app is currently facing legal and regulatory hurdles in the U.S., with the Joe Biden government asking ByteDance to sell its U.S. assets by Jan. 19, 2025, or face a nationwide ban.
However, President-elect Trump has stated <a href="https://www.benzinga.com/general/social-media/24/11/41911493/snap-stock-stumbles-as-trump-plans-to-push-back-against-tiktok-ban-what-you-need-to-know">that he will prevent TikTok</a>, which is used by 170 million Americans, from being banned.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple&#8217;s New Passwords App with End-to-End Encryption: Here&#8217;s How You Use It</a></li>
</ul>
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.
Photo courtesy: Unsplash

Gaming

Social Media

AAPL

GOOG

GOOGL

NTDOY

Hottest Free iPhone Apps In America Right Now: Block Blast, Threads, And ChatGPT Lead The Pack

Macro Economic Events

Econ #s

Economics

Eurozone Unemployment Rate For October Unchanged At 6.3%

S&P Global/CIPS U.K. Manufacturing Purchasing Managers Index For November 48.0 Vs. 48.6 Est.; 49.9 Prior

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Chief Policy Officer Faryar Shirzad expects swift passage of cryptocurrency legislation under President-elect Donald Trump&#8216;s administration, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices surge to record levels amid expectations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">dramatic shift in U.S. crypto policy</a>.
What Happened: Trump&#8217;s victory, coupled with Republican control of Congress, has energized the cryptocurrency industry, pushing Bitcoin above the $99,000 mark. 
Trump&#8217;s pro-crypto stance marks a significant departure from the current regulatory environment, with plans ranging from establishing a national Bitcoin reserve to expanding the Commodity Futures Trading Commission&#8217;s oversight of digital assets.
&#8220;We have the most pro-crypto Congress ever in history, we have an extraordinarily pro-crypto president coming into office,&#8221; Shirzad <a href="https://www.cnbc.com/2024/12/02/coinbase-policy-chief-us-can-adopt-crypto-regulation-quickly-now.html">told</a> CNBC, highlighting the potential for rapid legislative action in 2025. &#8220;I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy.&#8221;
The cryptocurrency industry flexed considerable political muscle during the election, with crypto-related political action committees raising over $245 million. Nearly 300 pro-crypto lawmakers will take seats in the next Congress, according to the Coinbase-backed Stand With Crypto Alliance.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42258584/bitcoin-dogecoin-move-up-ethereum-steadies-as-traders-prepare-for-cryptos-final-2024-flourish-will-btc-hit-100k-in-december-analyst-explains">Bitcoin, Dogecoin Move Up, Ethereum Steadies As Traders Prepare For Crypto&#8217;s Final 2024 Flourish</a>
Two key pieces of legislation await consideration: the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. Both bills aim to establish clear regulatory <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">frameworks for digital assets and stablecoins</a>.
Why It Matters: The incoming administration is reportedly planning to shift significant regulatory authority from the Securities and Exchange Commission to the CFTC, particularly for Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot markets. This move would affect oversight of <a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">a $2.24 trillion market segment</a>.
Current SEC Chair Gary Gensler, known for his aggressive enforcement approach toward crypto companies, <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">will step down</a> on Jan 20. MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Executive Chairman Michael Saylor compared Trump&#8217;s proposed national Bitcoin reserve to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">the Louisiana Purchase</a>, calling it &#8220;manifest destiny for the United States.&#8221;
However, some financial experts urge caution. Moody&#8217;s Analytics Chief Economist Mark Zandi warned about potential risks to taxpayers, citing crypto market volatility. The government currently holds approximately $20 billion in seized cryptocurrencies, which could form the foundation of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">proposed national reserve</a>.
Price Action: Bitcoin was trading at $95,160 at the time of writing, down by 1.93% over the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42260445/dow-sp-record-best-month-of-year-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</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.

Government

Regulations

$BTC

$ETH

COIN

MSTR

As Bitcoin Surges, Coinbase Exec Expects Swift Legislation Thanks To Trump And The 'Most Pro-Crypto Congress Ever'

Goldman Sachs analyst Will Nance downgrades Toast (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) from Buy to Neutral and raises the price target from $34 to $45.

TOST

Goldman Sachs Downgrades Toast to Neutral, Raises Price Target to $45

Webstar Technology Group (WBSR) has issued an announcement. On June 21 and 24, 2024, the Company struck three major agreements, expanding its portf...

Webstar Technology Strikes Deals Boosting Portfolio and Reducing Debt

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The tech industry is currently, by far, the most important in the market. Software companies and related industries have been driving most of the market&rsquo;s gains recently. Recent AI hype means the tech industry&rsquo;s influence is felt across every part of the economy, as companies race to automate their processes and integrate AI into their products and services.



In fact, I would dare you to look up any well-established company and search for the keyword &ldquo;AI&rdquo; in their earnings calls. More likely than not, these companies will mention how they use AI in their operations several times.



Thus, I think it makes sense to invest in some up-and-coming tech firms. Tech <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> could pay off massively in the long-run, for those who make the right bets. Of course, it&rsquo;s unlikely investors are going to hit it big, as most stocks below $1 are more like lottery tickets. However, if even one of these turns out to be successful, investors stand to potentially see 10X gains or more. 



Here are three companies that may be worth trowing some pocket change at.



<h2>Webstar Technology (WBSR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/telecommunications1600-300x169.png" alt="Rack Mounted Servers In A Server Room, Server rack audio cable. Severs computer in a rack at the large data center. Fiber Optical connector interface for Cards Equipment DWDM telecommunications. KLR stock"><div>Source: Funtap / Shutterstock.com</div></div>Webstar Technology (OTCMKTS:<a href="https://investorplace.com/stock-quotes/wbsr-stock-quote/">WBSR</a>) is a data communications company. I&rsquo;m quite bullish on Webstar&rsquo;s prospects. The company produces key products like Gigabyte Slayer Software, WARP-G Software, and Webstar eCampus. These should position the company well in the booming data industry over the long-term. However, as of the time of writing, the company does not have any revenue.



Now, Webstar does <a href="https://www.webstartechnologygroup.com" target="_blank">state on its website</a>:




&ldquo;&hellip;Gigabyte Slayer&trade; will make mobile device networks faster and safer, at a lower cost, and for everyone! You will be able to web surf, stream video, and download more data and with less restrictions.



Warp-G&trade; enables SMB and Enterprise organizations to experience an optimal data experience by enhancing data encryption, optimizing data compression, improving data storage by maximizing the available storage medium, coupled with enabling greater data speeds than previously achievable.&rdquo;




Of course, with a market cap under $22 million and low trading volume, WSTG is a volatile stock to consider. That said, the stock&rsquo;s impressive 96% year-to-date surge suggests the market is starting to wake up to Webstar&rsquo;s potential. I believe this under-the-radar gem could deliver multi-bagger returns, if the company lands big contracts going forward. Again, this company remains pre-revenue, so investors should play this one very carefully.



<h2>Inuvo (INUV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ai1600-300x169.jpg" alt="mark stock"><div>Source: Shutterstock</div></div>Inuvo (NYSEMKT:<a href="https://investorplace.com/stock-quotes/inuv-stock-quote/">INUV</a>) is a top advertising technology company that uses artificial intelligence to serve the marketing and advertising needs of brands. I believe Inuvo&rsquo;s first quarter 2024 results show the company is on the right track to capitalize on the use of AI in the advertising industry.



In Q1, Inuvo <a href="https://www.investing.com/news/stock-market-news/earnings-call-inuvo-inc-posts-strong-revenue-growth-in-q1-2024-93CH-3432408" target="_blank">posted 44% year-over-year revenue growth to $17 million</a>. Moreover, the company has a goal to surpass $100 million in annual revenue. At this level, the company expects to achieve positive adjusted EBITDA and free cash flow. They are not quite there yet. However, the company reiterated this goal, and I think it is possible, given Inuvo has a history of beating earnings. I expect advertising revenue to come in much higher in future years.



<div><a href="https://investorplace.com/wp-content/uploads/2024/07/chart-22.png"><img width="1026" height="364" src="https://investorplace.com/wp-content/uploads/2024/07/chart-22.png" alt="Tech Penny Stocks: INUV advertising revenue"> Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div>Inuvo is well-positioned to ride the wave of surging demand for AI-driven advertising. By putting IntentKey&rsquo;s capabilities directly into the hands of agencies and brands via self-serve access in demand-side platforms (DSPs), Inuvo could be on the cusp of explosive growth.



However, I&rsquo;d recommend staying wary of investing too much in this high-potential stock. The AI hype cycle could turn from tailwind to headwind if recent hype fades. Nonetheless, with Inuvo consistently beating earnings estimates and analysts seeing <a href="https://www.tipranks.com/stocks/inuv/forecast" target="_blank">nearly 300% upside potential</a> to the company&rsquo;s current stock price, I believe the risk-reward proposition appears to be skewed to the upside.



<h2>Pixelworks (PXLW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div>Pixelworks (NASDAQ:<a href="https://investorplace.com/stock-quotes/pxlw-stock-quote/">PXLW</a>) provides visual processing solutions for mobile device home entertainment applications. The company&rsquo;s first-quarter results were solid, with revenue coming in at the midpoint of guidance, <a href="https://markets.businessinsider.com/news/stocks/why-is-pixelworks-stock-diving-premarket-wednesday-1033383780" target="_blank">growing 61% year-over-year to $16.05 million</a>.



Mobile revenue was the star of the show. This segment grew nearly 200%, making up a record 61% of total sales. Pixelworks&rsquo; newer X7 Gen 2 visual processor drove much of this growth, along with increased TrueCut motion licensing. The company&rsquo;s gross margins also rose 600 basis points sequentially to more than 50%.



In addition, Pixelworks has already nine IRX-certified games, and tuned their processors for more than 100 additional games. I believe IRX could become a major growth engine for Pixelworks due to mobile gaming becoming increasingly popular.



Yes, the company is still unprofitable, losing 7 cents per share in Q1. But these losses are narrowing. And over time, I expect Pixelworks&rsquo; robust top-line momentum to drive key margin expansion ahead as rate cuts kick in. Plus, the company&rsquo;s cash burn was minimal, as operating expenses were well-contained.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, Omor Ibne Ehsan did not hold (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/" target="_blank">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<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. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-tech-penny-stocks-under-1-with-10x-potential/">3 Tech Penny Stocks Under $1 With 10X Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Tech Penny Stocks Under $1 With 10X Potential

Webstar Technology Group announces $10M Regulation-A Tier II public offering at $7.00 per share

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Webstar Technology Group Inc. (WBSR) Announces New Group; Replaces Management & Prior Business in Return for Seasoned Real Estate Enterprise Situated in The Billion Dollar Real Estate Development, Resort & Hospitality Markets (1)

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