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Cango Inc through its subsidiaries, variable interest entities (VIEs), and subsidiaries of the VIEs, are principally engaged in bitcoin mining business, and the automobile trading transaction, automotive financing facilitation, and aftermarket service facilitation businesses (collectively, the automobile and related businesses). The Company conducts the bitcoin mining business mainly through its subsidiaries, and the automobile and related businesses are conducted through the Company's VIEs and the subsidiaries of the VIEs. The company derives majority of its revenue from the bitcoin mining business.

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Las acciones de KB Home suben 9,1% tras superar expectativas de ganancias. Descubre los mayores ganadores y perdedores del mercado hoy.

Las acciones de KB Home se disparan un 9%; 20 acciones que se mueven en el premercado de EE.UU.

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Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
Wall Street surged this week as easing geopolitics and a potential pause in U.S.-China tariffs lifted sentiment. The S&amp;P 500 and Nasdaq hit record highs, boosted significantly by Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), whose stock jumped by about 10% to record its highest valuation — $3.8 trillion — overtaking Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) as the world's most valuable company
The tech rally reflected strong earnings from Nvidia's AI-centric chip business and supplier Micron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), while broader market gains were bolstered by renewed risk appetite in equities.
Next week, investors will track the June jobs report, rhetoric on tariffs — including the July 8 "Liberation Day" deadline — and upcoming July 4 tax‑and‑spending legislative actions that could influence rates and yields.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/markets/tech/25/06/46081553/nvidias-jensen-huang-sparks-quantum-stock-frenzy">"Nvidia's Big Moment Is Back—Stock Soared 500% The Last Time This Happened"</a>, by Piero Cingari, reports that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is forming a bullish golden cross — a 50-day moving average crossing above the 200‑day — after recovering from earlier tariff-induced weakness, which historically has preceded massive rallies, with gains as high as 800%, fueled by easing U.S.-China trade tensions and strong earnings.
<a href="https://www.benzinga.com/markets/earnings/25/06/46104401/micron-q3-earnings-revenue-eps-beat-estimates-data-center-revenue-guidance-ai-demand">"Micron Q3 earnings: Revenue, EPS beat estimates as data center revenue doubles, strong guidance on rising AI‑driven demand"</a>, by Adam Eckert, reports that Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) delivered a strong Q3 with $9.3 billion in revenue (beating $8.87 billion estimates) and $1.91 adjusted EPS (versus $1.60 expected); data-center revenue more than doubled, and the company forecast Q4 revenue of $10.7 billion and EPS of $2.50 amid surging AI memory demand.
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098312/palantir-stock-hits-all-time-high-whats-going-on">"Palantir stock hits all‑time high: what's going on?"</a>, by Adam Eckert, reports that Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares reached record highs — up roughly 500% over the past year and 93% year-to-date — driven by strong momentum (Benzinga Pro momentum score of 99), surging AI and government contracts including a $795 million U.S. Army deal, and positive Wall Street sentiment such as Loop Capital's raised price target.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/earnings/25/06/46084802/blackberry-stock-climbs-after-better-than-expected-q1-report-details">BlackBerry Stock Climbs After Better-Than-Expected Q1 Report: Details</a>
<a href="https://www.benzinga.com/markets/commodities/25/06/46120819/platinum-miners-forecasts-stocks">Platinum's Biggest Rally In 40 Years: These 6 Mining Stocks Could Be Top Gainers</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46129177/pony-ai-stock-pops-on-report-uber-is-in-talks-with-travis-kalanick-to-invest-in-potential-deal">Pony AI Stock Pops On Report Uber Is In Talks With Travis Kalanick To Invest In Potential Deal</a>

The Bears
<a href="https://www.benzinga.com/trading-ideas/technicals/25/06/46080036/hims-crashes-on-novo-glp-1-fallout-buy-the-dip-or-bail">"HIMS crashes on Novo GLP‑1 fallout: buy‑the‑dip or bail?"</a>, by Surbhi Jain, reports that Hims &amp; Hers Health Inc. (NYSE: HIMS) shares plunged 34% after Novo Nordisk (NYSE: NVO) ended their partnership over claims of unapproved Wegovy compounding, with analysts warning that legal risk and lofty valuation may outweigh oversold technicals.
<a href="https://www.benzinga.com/news/health-care/25/06/46116103/altimmune-stock-sinks-after-mid-stage-data-from-fatty-liver-candidate">"Altimmune stock sinks after mid‑stage data from fatty liver candidate"</a>, by Vandana Singh, reports that Altimmune Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALT#NASDAQ">ALT</a>) shares plunged after its Phase 2b trial showed pemvidutide resolved MASH in over half of treated patients (59.1% at 1.2 mg and 52.1% at 1.8 mg) with significant liver‑fat reduction, but missed the fibrosis endpoint — prompting broad investor concern.
<a href="https://www.benzinga.com/news/space/25/06/46055895/ast-spacemobile-stock-downgraded-rocket-lab-prepares-electron-launch-space-stock-countdown">"AST SpaceMobile stock downgraded, Rocket Lab prepares Electron launch: Space stock countdown"</a>, by Erica Kollmann, reports that AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) was downgraded by Scotiabank to Sector Perform with a $45.40 target, even as Rocket Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gears up for another Electron launch — factors highlighting heightened volatility in space stocks.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/earnings/25/06/46083155/aerovironment-stock-sinks-despite-better-than-expected-q4-report-heres-why">AeroVironment Stock Sinks Despite Better-Than-Expected Q4 Report: Here's Why</a>
<a href="https://www.benzinga.com/markets/earnings/25/06/46128371/concentrix-stock-slips-after-mixed-q2-results-details">Concentrix Stock Slips After Mixed Q2 Results: Details</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/46118143/unity-software-stock-is-sliding-today-whats-going-on">Unity Software Stock Is Sliding Today: What's Going On?</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
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Benzinga Bulls And Bears: Nvidia, Micron, HIMS — And Markets Soar On Mideast And Tariff Relief

Warren Buffett has donated a staggering $6 billion worth of Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) shares to the Gates Foundation and four family charities. This is Buffett&#8217;s largest annual donation since he began his philanthropic journey almost two decades ago.
What Happened: According <a href="https://www.reuters.com/sustainability/boards-policy-regulation/warren-buffett-donates-record-6-billion-berkshire-shares-2025-06-28/">to</a> a Reuters report, the 94-year-old business magnate donated approximately 12.36 million Berkshire Class B shares to the Gates Foundation and the Susan Thompson Buffett Foundation, as well as three charities led by his children.
This latest contribution brings Buffett&#8217;s total charitable giving to well over $60 billion. The Oracle of Omaha still retains 13.8% of Berkshire&#8217;s stock, making him the world&#8217;s fifth-richest person with a net worth of $152 billion, as per Forbes.
See Also: <a href="https://benzinga.com/markets/tech/25/06/46132007/amazon-google-not-far-behind-but-dan-ives-says-microsoft-clearly-leading-in-these-segments-600-price">Amazon, Google Not Far Behind, But Dan Ives Says Microsoft &#8216;Clearly Leading&#8217; In These Segments — $600 Price Target Is &#8216;Probably&#8217; Conservative</a>
Buffett, who has been giving away his fortune since 2006, has no plans to sell any of his Berkshire shares. Last year, he amended his will, designating 99.5% of his remaining fortune to a charitable trust to be managed by his children after his death. The trust will have around a decade to distribute the funds and must reach unanimous decisions on their allocation.
Why It Matters: Despite his philanthropic efforts, Buffett&#8217;s wealth has continued to surge. In March, he was <a href="https://www.benzinga.com/news/25/03/44479393/warren-buffett-top-wealth-gainer-elon-musk-top-wealth-loser-in-2025-heres-how-much-billionaires-have-added-lost">recognized as the top wealth gainer</a> among the world&#8217;s richest people, due to Berkshire Hathaway stock&#8217;s strong performance. 
Despite his immense <a href="https://www.benzinga.com/news/25/04/44779863/warren-buffetts-son-sold-his-berkshire-stock-inheritance-to-buy-something-infinitely-more-valuable-than-the-500-million-it-would-be-worth-today">wealth</a>, the latest donation testifies to Buffett's commitment to his philanthropic endeavors.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46156475/dave-ramsey-has-blunt-advice-on-how-much-to-spend-to-keep-a-pet-dog-alive-ive-seen-people-spend-tens-of-thousands-of-dollars">Dave Ramsey Has Blunt Advice On How Much To Spend To Keep A Pet Dog Alive: &#8216;I&#8217;ve Seen People Spend Tens Of Thousands Of Dollars…&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: mark reinstein / Shutterstock.com

Warren Buffett Donates $6 Billion In Berkshire Stock To Gates Foundation And Other Charities, His Biggest Gift In 20+ Years: Here's How Much He's Given Away So Far

This week, on multiple occasions, Microsoft Corp. co-founder Bill Gates <a href="https://www.benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-hes-taking-the-proof-to-congress">expressed concern</a> over the future of global health, warning that recent cuts to funding for Gavi could undo decades of progress in saving children&#8217;s lives through vaccinations.
What Happened: In a post titled "A perilous time for the world's poorest children," <a href="https://www.gatesnotes.com/home/home-page-topic/reader/a-perilous-time-for-the-worlds-poorest-children">on</a> Gates Notes, Gates decried the Donald Trump government&#8217;s <a href="https://www.benzinga.com/news/global/25/03/44498936/moderna-novavax-shares-are-sliding-wednesday-whats-going-on">decision to pull funding</a> from Gavi, the vaccine alliance that has helped vaccinate over a billion children.
He warned that the cuts could lead to a reversal in progress, with more children dying from preventable diseases. Gates noted that 2025 could be the first year since the 1990s when child mortality rates increase, instead of continuing to decline.
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says The Tax Break For Mark Zuckerberg&#8217;s Meta Is So Bountiful Under Trump&#8217;s ‘Big Beautiful Bill&#8217; That $35 Copay From Each American Won&#8217;t Still Match It</a>
He stated, &#8220;All the progress we've made is at risk,&#8221; referencing the vital role Gavi plays in providing affordable vaccines to low-income countries.
Gates also highlighted how the funding cuts could undermine efforts to eradicate diseases like polio and malaria, emphasizing that &#8220;the life could have been saved by a vaccine that costs just 30 cents.&#8221;
Why It&#8217;s Important: On Tuesday, the Gates Foundation announced a pledge of $1.6 billion over the next five years to Gavi.
Earlier this month, Gates, who chairs the Gates Foundation, committed to channeling the majority of its planned <a href="https://www.benzinga.com/news/esg/25/06/45739698/bill-gates-commits-majority-of-200-billion-foundation-budget-to-africa-over-next-20-years-amid-trumps-massive-usaid-cuts">$200 billion investment</a> over the next two decades into Africa.
The Trump administration had earlier signaled its intention to reduce its annual contribution of approximately $300 million to Gavi.
The Microsoft co-founder has previously also aimed at Tesla Inc. CEO Elon Musk and Trump for supporting sudden cuts to USAID funding, cautioning that these cuts could halt the supply of essential food and medicine, potentially causing a resurgence of diseases such as measles, HIV, and polio — with the world's most vulnerable <a href="https://www.benzinga.com/markets/25/05/45286464/bill-gates-commits-99-of-his-remaining-fortune-to-gates-foundation-set-to-wind-down-in-20-years-somebody-should-give-more-money-than-i-did">children bearing the brunt</a>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Alexandros Michailidis / Shutterstock.com

Health Care

Bill Gates Warns Of 'Perilous' Times After Trump Administration Pulls Funding From Gavi, A Group That Has Paid For Over A Billion Children's Vaccinations: 'All The Progress We've Made Is At Risk'

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Siri is far behind OpenAI's ChatGPT, according to a comparison conducted by Deepwater Asset Management, receiving an "F" while ChatGPT has scored an "A."
What Happened: On Friday, Deepwater Asset Management's managing partner, Gene Munster, shared the results of the test <a href="https://www.benzinga.com/media/25/03/44429160/apple-stock-down-over-12-this-year-now-tim-cook-is-reportedly-betting-on-vision-pros-mike-rockwell-to-fix-siri-after-losing-confidence-in-ai-boss-john-giannandrea">comparing Siri</a> and ChatGPT.
The comparison involved 50 real-world questions, assessing each AI assistant's ability to understand, respond, and handle follow-up questions. Siri received an "F," while ChatGPT through Siri earned a "B," and ChatGPT alone scored the highest with an "A."
The test showed that Siri is still more of a voice-activated search tool than a <a href="https://www.benzinga.com/markets/tech/25/06/45851232/apples-lack-of-new-ai-features-at-wwdc-is-startling-expert-says">true AI assistant</a>. Despite its integration with iOS, Siri struggles with reasoning, follow-up questions, and delivering concise, helpful answers.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand'</a>
It also took 5 to 10 seconds for Siri to hand off requests to ChatGPT, causing delays that are not ideal for today's fast-paced environment.
In contrast, ChatGPT provides more accurate, fluid, and human-like responses, mimicking natural conversation with ease. The test emphasized that <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">Apple's Siri has been stuck in the past</a>, and for it to stay competitive, a major overhaul is required.
&#8220;It has to be more than a voice for web search. Siri needs to think, converse, and assist like an intelligent partner,&#8221; the test concluded.&nbsp;
<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">We tested Siri vs. ChatGPT. Siri got an "F", ChatGPT an "A", underscoring whats at stake for next years new Siri.<a href="https://t.co/M1wudSgwnX">https://t.co/M1wudSgwnX</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1938625233365135774?ref_src=twsrc%5Etfw">June 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It&#8217;s Important: Apple's upgraded Siri, first unveiled at <a href="https://www.benzinga.com/news/24/06/39245542/dont-miss-apples-wwdc-2024-keynote-how-and-where-to-watch-on-june-10">WWDC 2024</a> and originally slated for spring 2025, will now launch a year later in spring 2026.
Earlier this week, BofA analyst Wamsi Mohan kept a &#8216;Buy&#8217; rating on the Apple stock with a $235 price target, citing reports that Apple may <a href="https://www.benzinga.com/markets/tech/25/06/46041473/apple-eyes-perplexity-ai-acquisition-while-facing-shareholder-lawsuit-over-exaggerated-ai-progress-report">acquire, or partner with</a> Perplexity AI to strengthen its AI search capabilities, enhance Siri, reduce reliance on Alphbaet 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 and expand into the search advertising market.
On the other hand, Chamath Palihapitiya has criticized Apple on the All-In podcast, saying that the company's <a href="https://www.benzinga.com/markets/tech/25/06/46068152/whats-next-for-apple-chamath-palihapitiya-fires-back-dont-think-they-have-any-chance-of-anything-dismisses-glasses-and-ai-hopes">dependence on iPhone sales</a> and incremental updates shows it has little chance of delivering major innovations, while noting its culture may stifle bold ideas.
However, others on the panel argued Apple's shift to recurring revenue has been successful, even if moving into AI could prove to be more challenging.
Benzinga's Edge Stock Rankings indicate that Apple is showing a persistent decline over the short, medium, and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights can be found here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28040434/Screenshot-2025-06-28-at-7.52.27%E2%80%AFAM-1.png" alt="" class="wp-image-965658" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45489038/us-stocks-likely-to-open-lower-after-moodys-downgrade-bear-market-isnt-fully-recovered-yet-but-it-is-close-says-expert" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower After Moody's Downgrade: ‘Bear Market Isn't Fully Recovered Yet, But It Is Close,' Says Expert</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

AAPL

GOOG

GOOGL

Siri Gets 'F' While OpenAI's ChatGPT Scores An 'A:' Gene Munster Says Here's What Apple Needs To Fix Before 2026 Launch To Stay Relevant In AI

Kevin O&#8217;Leary, the famous investor from &#8220;Shark Tank,&#8221; has shared a smart method to break the addictive cycle of <a href="https://www.benzinga.com/news/25/06/45737262/kevin-oleary-loves-credit-card-companies-because-americans-cant-stop-paying-crazy-23-interest-mr-won">credit card spending</a>, urging people to look closely at the long-term financial cost of their impulsive purchases.
What Happened: In his book, "Cold Hard Truth on Men, Women and Money," which was originally published in 2012, O&#8217;Leary spoke about how many people are trapped in a &#8220;credit card trance,&#8221; spending money they don't have, <a href="https://www.thestreet.com/personal-finance/shark-tanks-kevin-oleary-has-big-money-warning-for-all-americans">reported</a> The Street.
According to O&#8217;Leary, when people buy items on credit, they often fail to consider the true cost of those purchases, particularly the interest paid over time.
He encouraged readers to ask themselves before each purchase: &#8220;Will the interest I pay on this item outlive my interest in this item?&#8221; If the answer is yes, O&#8217;Leary advised against making the purchase.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46133145/apple-opens-eu-app-store-to-external-payments-to-avoid-fines-under-digital-markets-act-but-adds-new-fees" target="_blank" rel="noreferrer noopener">Apple Opens EU App Store To External Payments To Avoid Fines Under Digital Markets Act, But Adds New Fees</a>
The investor also warned that using credit cards for emotional relief, or &#8220;retail therapy,&#8221; is a dangerous habit. "I love money because, employed properly, it's a source of creative energy," he wrote in his book. "Stuff, on the other hand, merely uses up energy by killing money."
Why It&#8217;s Important: O'Leary has often described consumer debt as "<a href="https://www.benzinga.com/news/25/02/43424608/21-interest-rates-youve-got-to-be-kidding-me-kevin-oleary-slams-credit-card-debt-as-the-real-silent-killer-in-america">the silent killer</a>." Back in February, he told Graham Stephan on his podcast that he avoids debt entirely, paying for everything with cash.
He's not alone in warning about the <a href="https://www.benzinga.com/personal-finance/24/05/39092288/if-you-use-your-credit-card-you-do-not-want-to-be-rich-warns-mark-cuban-on-the-dave-ramsey-show">dangers of credit cards</a>. Mark Cuban, another billionaire from Shark Tank, earlier told Dave Ramsey on The Ramsey Show that using credit cards is a barrier to building wealth. &#8220;If you use your credit cards, you do not want to be rich.&#8221;
Earlier this year, in March, Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), the biggest private-label credit card issuer in the U.S., said that <a href="https://www.benzinga.com/news/large-cap/25/03/44482518/major-credit-card-provider-warns-us-consumers-are-spending-less">persistent inflation is pushing consumers</a> to cut back on spending.
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<li><a href="https://www.benzinga.com/markets/earnings/25/06/46132025/nikes-vomero-18-quietly-became-a-100-million-franchise-in-90-days-as-ceo-says-its-time-to-turn-the-page-investor-gary-black-cheers-10-after-hours-rally" target="_blank" rel="noreferrer noopener">Nike&#8217;s Vomero 18 Quietly Became A $100 Million Franchise In 90 Days As CEO Says It&#8217;s ‘Time To Turn The Page&#8217; — Investor Gary Black Cheers 10% After-Hours Rally</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Kathy Hutchins / Shutterstock.com

Personal Finance

Kevin O'Leary Has A Trick To Break The Credit Card Trance: Here's What He Wants You To Look Closely At

Elon Musk&#8216;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) failed to dismiss a lawsuit over a fatal car crash involving its Model S. The judge&#8217;s decision paves the way for a potential trial.
What Happened: A federal judge in Miami, Beth Bloom, ruled that the estate of Naibel Benavides Leon and her former boyfriend, Dillon Angulo, can proceed with their claims against Tesla for design defects and failure to warn, according to a report by Reuters on Friday.
The lawsuit is related to an April 2019 incident where a Tesla Model S, equipped with Autopilot, crashed into the victims&#8217; parked Chevrolet Tahoe in Key Largo, Florida.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46105919/byd-beats-tesla-in-europe-never-been-such-a-product-offensive-done">BYD Beats Tesla In Europe: Never Been &#8216;Such A Product Offensive Done&#8217;</a>
The judge&#8217;s decision also allows the plaintiffs to seek punitive damages. The trial is scheduled for July 14.
Why It Matters: Tesla, based in Austin, Texas, has long been under scrutiny for the safety of its self-driving technology. The company has repeatedly emphasized that its <a href="https://www.benzinga.com/news/22/02/25681053/tesla-sued-over-alleged-suspension-failure-in-fatal-florida-crash-that-killed-2-last-year">autopilot features</a> are meant for &#8220;<a href="https://www.benzinga.com/news/25/03/44458804/elon-musk-10-years-ago-called-autonomous-driving-a-solved-problem-said-we-will-be-there-in-a-few-years">fully attentive</a>&#8221; drivers and do not make its vehicles autonomous.
Earlier this month, Tesla faced <a href="https://www.benzinga.com/markets/tech/25/06/46041090/tesla-faces-safety-questions-from-regulators-ahead-of-robotaxi-launch-in-austin">safety questions from regulators</a> as it prepared to launch its Robotaxi service in Austin, Texas. The regulators were particularly concerned about the performance of Tesla&#8217;s self-driving technology in challenging weather conditions.
In a separate incident, a wrongful death lawsuit was filed against Tesla in New Jersey over a 2024 crash involving a Model S that claimed three lives. The lawsuit alleges that the crash was due to the car&#8217;s &#8220;<a href="https://www.benzinga.com/markets/tech/25/06/46068107/elon-musks-tesla-faces-wrongful-death-lawsuit-over-model-s-crash-which-claimed-3-lives-plaintiffs-call-cars-design-defective-and-unreasonably-dangerous">defective and unreasonably dangerous design</a>.&#8221;
Price in Action: Tesla closed at $323.63, down 0.66% for the day. A slight dip of 0.28% was seen in after-hours trading, amounting to $322.71, according to <a href="http://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicates Tesla stock has Momentum in the 78th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out</a> the stock value of other automotive companies.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="872" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28023256/Screenshot-2025-06-28-115351.png" alt="" class="wp-image-965619" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28023256/Screenshot-2025-06-28-115351.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28023256/Screenshot-2025-06-28-115351-300x56.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28023256/Screenshot-2025-06-28-115351-768x143.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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TSLA

Elon Musk's Tesla Loses Bid To Dismiss Fatal Crash Lawsuit, Trial Set for July

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos and journalist Lauren Sánchez <a href="https://www.benzinga.com/news/politics/25/06/46087635/bernie-sanders-slams-jeff-bezos-lavish-wedding-plans-demands-end-to-oligarchy-amazon-founder-pays-1-1-tax-takes-500-million-yacht-to-venice-while-kids-go-hungry">tied the kno</a>t on Friday in a luxurious wedding that cost an estimated $50 million.
The three-day celebration took place in Venice, drawing <a href="https://www.benzinga.com/news/events/25/06/46136092/jeff-bezos-lauren-sanchez-wedding-draws-star-studded-guest-list-to-venice-here-are-the-celebs-who-showed-up-so-far">numerous A-list celebrities</a> and spotlighting extravagant details like foam parties, custom-designed goodie bags and high-end fashion.
Foam Party On Bezos' $500 Million Yacht
The festivities began with an unconventional foam party on Bezos' $500 million super yacht. The yacht was anchored near Croatia's Unije Island, where the couple celebrated Sánchez's son Evan Whitesell's 19th birthday, <a href="https://www.theguardian.com/technology/2025/jun/27/jeff-in-venice-seven-takeaways-from-the-bezos-sanchez-wedding">reported</a> The Guardian.
See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still" target="_blank" rel="noreferrer noopener">Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's ‘Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It</a>
A Charitable Wedding Invitation
For a couple with a fortune worth billions, Bezos and Sánchez asked guests for something a little unusual: no gifts. Instead, they encouraged guests to make donations on their behalf to charitable causes, including Venice International University and lagoon restoration efforts, the report said.
Exclusive Goodie Bags For Guests
Each guest was given a specially curated goodie bag, which included sweet treats from a renowned Venetian pastry shop, Rosa Salva and colorful Murano glassware from Laguna~B.
Thunderstorms And Public Protests
The celebrations weren't without their hiccups. On Thursday night, a freak thunderstorm disrupted one of the welcoming events at the Madonna dell'Orto cloisters, soaking guests and cutting the event short.
Additionally, public <a href="https://www.benzinga.com/news/entertainment/25/06/46062022/protests-rock-jeff-bezos-gondola-want-to-rent-venice-for-a-wedding-pay-more-tax">protests against the couple's lavish wedding</a> took place, with activists voicing opposition to the extravagant celebration, the report added.
Fashion Choices And Iconic Looks
Sánchez was seen arriving at the ceremony dressed in what appeared to be an Audrey Hepburn-inspired look, with a headscarf and sunglasses.
As per the report, speculations were that she would wear a Dolce &amp; Gabbana dress, as she has been a long-time fan of the Italian brand.
Art And Culture For The Elite
For some of the guests, including Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates, the celebration also included a cultural experience. Gates, with an art collection valued at $127 million, visited the Gallerie dell&#8217;Accademia, home to works like Titian's Pietà, during some downtime before the ceremony, the report said.
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Entertainment

AMZN

Jeff Bezos, Lauren Sanchez Get Married In A $50 Million Wedding In Venice: From Foam Party On His $500 Million Yatch To Goodie Bags, Here's What We Know

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) CEO&nbsp;Jim Farley voiced skepticism about&nbsp;Tesla Inc.'s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) autonomous driving strategy, underscoring the necessity of consumer trust and prudence.
What Happened: During the Aspen Ideas Festival, Farley emphasized the potential of laser sensor systems, such as those employed 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>)&nbsp;Waymo, according <a href="https://fortune.com/2025/06/27/ford-ceo-jim-farley-waymo-self-driving-lidar-more-sense-than-tesla-aspen-ideas/">to</a>&nbsp;Fortune.
In a conversation with Walter Isaacson, Farley compared the systems of Waymo and Tesla, expressing a preference for Waymo&#8217;s approach.
"When you have a brand like Ford, when there's a new technology, you have to be really careful," he said.
Farley highlighted the critical role of LiDAR, a technology used by companies like Waymo in self-driving vehicles. Farley stated, "We&nbsp;really believe that LiDAR is&nbsp;mission critical."
He acknowledged the advancements of both companies but emphasized Ford&#8217;s belief in the importance of LiDAR, noting its capability to detect obstacles that cameras might overlook.
"We decided, as a company, that a cooler problem than full autonomy in an urban setting was high speed, eyes off. Push a button and read a book in your car," Farley said.
Tesla, which employs a camera-only strategy for autonomous driving, recently introduced a robotaxi service in Austin.
This approach has faced scrutiny within the industry, although&nbsp;Elon Musk&nbsp;argues it is cost-effective. Meanwhile, Ford plans to collaborate with self-driving software firms as technology progresses, focusing on its &#8220;BlueCruise&#8221; Level 2 system.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46156518/elon-musk-reacts-after-tesla-completes-autonomous-delivery-of-model-y-from-factory-to-customer-home-">Elon Musk Reacts After Tesla Completes Autonomous Delivery Of Model Y: From Factory To Customer Home Across Town, Through Highways</a>
Why It Matters: Ford&#8217;s decision to prioritize LiDAR technology over Tesla&#8217;s camera-only approach highlights a significant divergence in strategies within the autonomous vehicle industry. Tesla&#8217;s <a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">production costs</a> for vehicles are reportedly just &#8220;1/7&#8221; of Waymo&#8217;s, and this cost efficiency allows Tesla to deploy more vehicles on the road, potentially accelerating its path to full autonomy.
Furthermore, Tesla&#8217;s robotaxi service, which recently launched in Austin, is considered to have a major advantage <a href="https://www.benzinga.com/markets/tech/25/06/46133153/tesla-robotaxi-has-a-major-advantage-over-rivals-waymo-and-zoox-says-gary-black-could-be-very-significant">over competitors</a> like Waymo and Zoox. Gary Black of The Future Fund LLC highlighted that every Tesla robotaxi is factory-ready, giving it a significant edge in the market.
Despite the differing approaches, Tesla&#8217;s safety record is noteworthy. Social Capital CEO Chamath Palihapitiya <a href="https://www.benzinga.com/markets/tech/25/06/45966113/tesla-crashes-significantly-lower-than-national-average-chamath-palihapitiya-weighs-in-on-why-its-the-ideal-choice-for-teenage-drivers">pointed out</a> that Tesla&#8217;s crash rates are significantly lower than the national average, making it an ideal choice for teenage drivers.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">&nbsp;following this link.</a>
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Photo courtesy: Sundry Photography / Shutterstock.com

Ford CEO Jim Farley Believes Waymo's Approach Makes More Sense Than Elon Musk-led Tesla's: 'When You Have A Brand Like Ford... You Have To Be Really Careful'

The U.S. Senate has rejected a Democratic-led proposal to limit President Donald Trump&#8216;s authority to use military force against Iran.
What Happened: The Senate, led by Republicans, voted 53-47 against a resolution that would have required Congressional approval for any further military actions against Iran, according to a Reuters report.
The vote, which took place on Friday, was largely divided along party lines, with only one Democrat, Pennsylvania&#8217;s Sen John Fetterman (D-Pa.), voting against the resolution. Sen. Rand Paul (R-Ky.) voted in favor of the resolution, aligning with the Democrats.
Sen. Tim Kaine (D-Va.), the resolution&#8217;s chief sponsor, has been advocating for years to restore Congress&#8217;s authority to declare war, which has been assumed by both Republican and Democratic presidents. Emphasizing on power granted by the Constitution to Congress, not the president, the sole authority to declare war, 
Kaine in his speech said, &#8220;If you think the president should have to come to Congress, whether you are for or against a war in Iran, you&#8217;ll support Senate Joint Resolution 59, you&#8217;ll support the Constitution that has stood the test of time,&#8221;
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/06/46135149/trump-has-already-won-by-dodging-accountability-in-fed-showdown-says-apollos-jim-ze">Trump Has &#8216;Already Won&#8217; By Dodging Accountability In Fed Showdown, Says Apollo&#8217;s Jim Zelter</a>
Trump&#8217;s administration has faced criticism from lawmakers for the recent U.S. strikes on Iran and the uncertainty surrounding Iran&#8217;s highly enriched uranium stockpiles. Despite this, the Senate&#8217;s Republican majority argued that the strikes were within the President&#8217;s rights as Commander-in-Chief and did not signify the beginning of prolonged hostilities.
Why It Matters: The Senate&#8217;s decision to uphold Trump&#8217;s war powers comes in the wake of heightened tensions between the U.S. and Iran.
The U.S. military executed precision strikes on <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">three key Iranian nuclear facilities</a>, including Fordo, Natanz, and Isfahan, which President Trump hailed as a &#8216;spectacular military success.&#8217;
Trump has also announced the possibility of further strikes if Iran resumes enriching uranium to concerning levels. Despite these developments, Trump declared a ceasefire between Israel and Iran, <a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">asserting that Israel would not attack Iran</a>.
Trump&#8217;s administration then announced <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">nuclear talks with Iran</a> following the U.S. strikes, which were said to have severely damaged Iran&#8217;s nuclear capabilities. These developments sparked debate and concern, with Trump&#8217;s approval ratings <a href="https://www.benzinga.com/news/politics/25/06/46129934/trump-approval-ratings-drop-after-attack-on-iran-tie-for-worst-since-second-term-started">experiencing a significant drop</a> in the lead-up and aftermath of the strikes.
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Politics

Senate Defends Trump's War Powers, Rejects Push For Congressional Approval For Further Action Against Iran

President&nbsp;Donald Trump&nbsp;hinted at the possibility of adjusting the early July deadline for reinstating significant U.S. tariffs on various countries.
What Happened: On Friday, Trump suggested that the July 9 deadline for a U.S.-EU trade deal might not be set in stone.
"We&nbsp;can do whatever we want,"&nbsp;he told reporters at the White House, according <a href="https://www.cnbc.com/2025/06/27/trump-tariff-trade-deadline-july.html">to</a> a CNBC report.
"We could extend it. We could make it shorter."
This statement also addressed the July 8 deadline, which marks the end of&nbsp;a three-month pause on his&nbsp;"Liberation Day" tariffs.
The pause temporarily reduced tariffs to 10%, but they could revert to higher rates unless Trump&#8217;s executive order from April 9 is amended.
During the 90-day pause, the White House aimed to negotiate individual trade agreements, but&nbsp;with less than two weeks&nbsp;left, only limited&nbsp;agreements with China and the&nbsp;United Kingdom have been finalized.
Trump mentioned deals with "probably four or five different&nbsp;countries," yet emphasized the extensive list of countries still targeted by tariffs.
Despite a federal trade court ruling against the tariffs in May,&nbsp;a federal appeals court has&nbsp;temporarily halted that decision.&nbsp;White House press secretary Karoline&nbsp;Leavitt hinted at the possibility of extending the July deadlines, but emphasized that the decision rests with the President.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46156417/supreme-court-hands-trump-a-monumental-victory-as-it-limits-judges-power-to-block-presidents-birthr">Supreme Court Hands Trump A ‘Monumental Victory' As It Limits Judges' Power To Block President's Birthright Citizenship Order</a>
Why It Matters: Trump&#8217;s recent remarks come on the heels of a <a href="https://www.benzinga.com/news/politics/25/06/46150909/trump-canada-tariffs-dollar-deal">dramatic shift</a> in trade negotiations with Canada. On the same day, Trump halted all trade talks with Canada, citing their new Digital Services Tax on American technology companies as a &#8220;direct and blatant attack&#8221; on the U.S.
Meanwhile, the U.S. and China have <a href="https://www.benzinga.com/news/politics/25/06/46133537/howard-lutnick-confirms-us-china-trade-agreement-reaffirms-white-houses-progress-to-close-deals-with-10-other-trading-partners">finalized</a> a trade agreement, building on discussions held in Geneva last month. Commerce Secretary Howard Lutnick confirmed the deal, noting plans to secure agreements with ten other major trading partners.
Trump's tariff preference is not new. In a 1988 interview on The Oprah Winfrey Show, Trump voiced his frustration with U.S. allies, asserting that they should &#8220;pay their fair share&#8221; in trade relations with the United States. He specifically pointed to Japan and Kuwait as examples of nations benefiting at the expense of the U.S.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Trump Says July Tariff Deadline Not Set In Stone: 'We Can Do Whatever We Want'

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reached a significant milestone in autonomous driving technology. The company successfully completed its&nbsp;first fully autonomous delivery of&nbsp;a Model Y.
What Happened: Tesla CEO&nbsp;Elon Musk&nbsp;announced on Saturday that the EV giant achieved a milestone by completing the&nbsp;first fully autonomous delivery of&nbsp;a Model Y.
"The first fully autonomous delivery of a Tesla Model Y from factory to a customer home across town, including highways, was just completed a day ahead of schedule!!" Musk said in a post on the social media platform X.
<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">The first fully autonomous delivery of a Tesla Model Y from factory to a customer home across town, including highways, was just completed a day ahead of schedule!! Congratulations to the <a href="https://twitter.com/Tesla_AI?ref_src=twsrc%5Etfw">@Tesla_AI</a> teams, both software &amp; AI chip design!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1938681051939008549?ref_src=twsrc%5Etfw">June 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk credited the achievement to the efforts of the&nbsp;Tesla AI&nbsp;teams, responsible for both software and AI chip design.
He added that during the journey, there were no individuals inside the vehicle, nor were there any remote operators controlling it. Musk emphasized that this is, to the best of their knowledge, the first instance of a fully autonomous drive on public highways without any human presence or remote operation.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46133153/tesla-robotaxi-has-a-major-advantage-over-rivals-waymo-and-zoox-says-gary-black-could-be-very-significant">Tesla Robotaxi Has A Major Advantage Over Rivals Waymo And Zoox, Says Gary Black: &#8216;&#8230;Could Be Very Significant&#8217;</a>
Why It Matters: This achievement follows a series of advancements in Tesla&#8217;s autonomous driving technology. Earlier this year, <a href="https://www.benzinga.com/25/01/42894743/tesla-ceo-elon-musk-says-fsd-will-be-safer-than-human-drivers-in-q2-2025">Musk revealed</a> that Tesla&#8217;s Full Self-Driving (FSD) technology would surpass human driving safety by the second quarter of 2025. He predicted that FSD would eventually become ten times safer than human drivers, reducing the likelihood of accidents significantly.
In January, Tesla <a href="https://www.benzinga.com/markets/equities/25/01/43295163/elon-musk-says-unsupervised-full-self-driving-begins-as-tesla-can-now-drive-itself-from-factory-to-loading-docks">announced</a> a breakthrough, stating that its vehicles could autonomously navigate from the factory to loading docks without human intervention, which was the precursor to the current achievement.
Earlier this month, <a href="https://www.benzinga.com/markets/tech/25/06/46048103/teslas-robotaxi-rollout-sparks-expansion-buzz-elon-musks-company-says-fsd-can-be-deployed-anywhere-after-austin-launch">Tesla launched</a> its Robotaxi service in Austin, Texas, with a limited number of Model Y Robotaxis. This rollout signifies Tesla&#8217;s commitment to expanding its autonomous capabilities and deploying self-driving technology wherever approved.
Meanwhile, Wedbush analyst Dan Ives <a href="https://www.benzinga.com/markets/equities/25/06/46034667/teslas-ai-future-is-worth-1-trillion-says-dan-ives-golden-era-of-autonomous-begins-with-robotaxi-launch">valued</a> Tesla&#8217;s AI and autonomous driving technology at $1 trillion, highlighting the transformative potential of the company&#8217;s innovations.
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Elon Musk Reacts After Tesla Completes Autonomous Delivery Of Model Y: From Factory To Customer Home Across Town, Through Highways

The Donald Trump administration is preparing a set of executive actions to bolster the U.S. artificial intelligence (AI) sector, <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805623/palantir-ceo-warns-us-china-ai-race-will-have-one-winner-urges-west-to-keep-up">aiming to outpace China</a> in the global AI race.
What Happened: The administration's proposed actions aim to ease power grid constraints and expedite data center construction, both crucial to supporting AI development, reported Reuters, citing sources familiar with the matter.
The initiatives include facilitating power-generating projects&#8217; connections to the grid and offering federal land for data center construction.
The moves are intended to address the growing <a href="https://www.benzinga.com/markets/tech/25/06/46117348/meta-secures-more-clean-energy-for-power-hungry-ai-and-data-center-growth">electricity demand driven by AI</a>, which is projected to increase U.S. power demand five times faster than anticipated by 2029.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46135663/marc-benioff-says-ai-now-handles-up-to-50-of-work-at-salesforce-could-an-ai-agent-eventually-take-over-his-job">Marc Benioff Says AI Now Handles Up To 50% Of Work At Salesforce — Could An AI Agent Eventually Take Over His Job?</a>
Power demand from AI data centers could surge over 30-fold by 2035, the report noted, citing Deloitte.
The White House is also set to release an AI action plan, with a nationwide &#8220;AI Action Day&#8221; slated for July 23 to highlight the report's recommendations.
Why It&#8217;s Important: The surging demand for AI is <a href="https://www.benzinga.com/markets/equities/25/06/45816468/ai-data-centers-are-eating-electricity-and-these-3-energy-stocks-could-be-the-biggest-winners-says-analyst">transforming the energy landscape</a>, fueling growth for independent power producers (IPPs) like Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) and NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>).
The U.S. Energy Information Administration (EIA) expects electricity use in the country to keep rising through 2025 and 2026, reaching new record levels, mainly due to increased demand from commercial and industrial users like data centers.
ICF International predicts that U.S. electricity needs could jump by 25% by 2030 and soar by 78% by 2050.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/earnings/25/06/46132025/nikes-vomero-18-quietly-became-a-100-million-franchise-in-90-days-as-ceo-says-its-time-to-turn-the-page-investor-gary-black-cheers-10-after-hours-rally" target="_blank" rel="noreferrer noopener">Nike&#8217;s Vomero 18 Quietly Became A $100 Million Franchise In 90 Days As CEO Says It&#8217;s ‘Time To Turn The Page&#8217; — Investor Gary Black Cheers 10% After-Hours Rally</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump's AI Power Play—Executive Orders Aim To Outpace China, Rewire US Grid In Fight For Tech Supremacy: Report

Jim Cramer&nbsp;expressed concerns on Monday about&nbsp;Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) experiencing a significant stock decline, questioning if it was a result of the Russell index rebalance.
What Happened: Palantir's stock price plunged by over 10% on Friday, amid easing tensions in the Middle East and a possible pullback after a recent bull run in the stock.
Despite this drop, Benzinga's Edge Stock Rankings show Palantir's shares rank in the 98th and 97% percentiles on Momentum and Growth, respectively. Click&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">here</a>&nbsp;for deeper insights into the stock.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="957" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28004846/PLTR-Benzinga-Edge-rankings.jpg" alt="" class="wp-image-965593" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28004846/PLTR-Benzinga-Edge-rankings.jpg 957w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28004846/PLTR-Benzinga-Edge-rankings-300x43.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/28004846/PLTR-Benzinga-Edge-rankings-768x109.jpg 768w" sizes="(max-width: 957px) 100vw, 957px" /></a></figure>
CNBC's "Mad Money" host Cramer wondered if the fall in Palantir stock could be due to a rebalance by FTSE Russell in its U.S. indices.
<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">Was Palantir a casualty of the Russell rebalance?
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1938691380722667837?ref_src=twsrc%5Etfw">June 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Cramer&#8217;s post comes after he recently praised Palantir, suggesting it has the potential to be valued at <a href="https://www.benzinga.com/markets/tech/25/06/46134364/palantir-is-a-200-stock-masquerading-as-144-says-jim-cramer-highlights-new-nuclear-operating-system-microsoft-endorsement">$200 per share</a>, despite its current trading levels.
During his analysis, Cramer also highlighted Palantir&#8217;s new nuclear operating system and endorsement from&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
See Also:&nbsp;<a href="https://benzinga.com/news/24/09/40791990/oracle-to-rally-around-29-here-are-10-top-analyst-forecasts-for-tuesday" target="_blank" rel="noreferrer noopener">Oracle To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Tuesday</a>
Why It Matters: The stock market often reacts to index rebalances, which can cause volatility. Cramer&#8217;s comments come at a time when Palantir&#8217;s stock has been performing well, hitting <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46098312/palantir-stock-hits-all-time-high-whats-going-on">new all-time highs</a> and rising over 500% in the past year.
Despite the recent drop, the stock remains up approximately 93% year-to-date.
Moreover, Palantir&#8217;s innovative approach, particularly its Forward Deployed Engineer model, has <a href="https://www.benzinga.com/markets/equities/25/06/46109638/microsoft-ceo-satya-nadella-praises-palantirs-fde-model-as-fantastic-insiders-say-its-not-consulting-it-builds-the-product-customers-need">received praise</a> from industry leaders like&nbsp;Satya Nadella, CEO of Microsoft. Nadella described the model as &#8220;fantastic,&#8221; emphasizing its unique role in product development rather than traditional consulting.
Price Action:&nbsp;Shares of Palantir closed 10.64% lower on Friday, but rose 2.85% in 0.69% after hours.
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<li><a href="https://www.benzinga.com/news/topics/25/06/46090389/palantirs-defense-chief-says-iran-nuclear-program-set-back-significantly-by-us-strikes-but-intel-split-on-how-long" target="_blank" rel="noreferrer noopener">Palantir's Defense Chief Says Iran Nuclear Program ‘Set Back Significantly' By US Strikes—But Intel Split On How Long</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: slyellow / Shutterstock.com

Equities

Palantir Stock Price Falls Over 10%: Jim Cramer Wonders If It Was A Casualty Of Russell Rebalance Days After Calling It A $200 Stock

Dave Ramsey, founder and CEO of Ramsey Solutions and a well-known radio host, has offered some tough advice to pet owners who are facing financial difficulties in keeping their pets alive.
What Happened: Ramsey recently addressed a difficult question from a listener who was struggling with the financial burden of their pet&#8217;s medical bills, according to a report <a href="https://www.thestreet.com/personal-finance/dave-ramsey-has-blunt-words-on-spending-money-to-keep-a-dog-alive">by</a> The Street.
The listener, identified as Jeff, disclosed that he and his wife have an annual household income of $127,000. They were faced with expensive veterinary bills for their elderly dog, prompting them to question how much they should be willing to spend to keep their pet alive.
Ramsey, a self-proclaimed dog lover, acknowledged the emotional difficulty of the situation. He stated, &#8220;That being said, this little animal that I love like crazy is still … a dog,&#8221;
Ramsey said that his children and grandchildren would take priority over his pets when it comes to spending money to keep them alive, cautioning against the risk of the pet&#8217;s well-being being overshadowed by the owner&#8217;s emotions.
He advised that if the pet&#8217;s condition can be improved with a reasonable amount of money, it may be worth it. However, he strongly advised against going into debt or causing financial strain to keep a pet alive.
See Also: <a href="https://benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-he">Bill Gates Says He Knows For A &#8216;Fact&#8217; That More Children Will Die Due To US Health Aid Cuts And He&#8217;s Taking The &#8216;Proof&#8217; To Congress</a>
Why It Matters: Ramsey&#8217;s advice on this issue is consistent with his overall approach to personal finance. He has previously <a href="https://www.benzinga.com/personal-finance/25/05/45496493/dave-ramsey-shares-four-money-lessons-every-child-should-learn-money-comes-from-work-not-from-other-people">offered guidance</a> to high-earning individuals who struggle with financial discipline, emphasizing the importance of living within one&#8217;s means.
His recent advice also aligns with his previous comments about the <a href="https://www.benzinga.com/personal-finance/management/25/06/45753871/man-calls-dave-ramsey-for-guidance-because-he-has-no-savings-despite-earning-200k-annually">financial responsibility </a>of pet ownership. In a <a href="https://www.benzinga.com/personal-finance/management/25/06/45830038/man-calls-dave-ramsey-for-guidance-because-he-has-no-savings-despite-earning-200k-annually">social media post</a>, Ramsey stated, &#8220;I&#8217;ve got a little Havanese bear dog, it&#8217;s 12 pounds. I truly prefer this dog to most people, I really do.&#8221;
However, he made it clear that his love for his pet does not justify going into debt to cover expensive medical procedures.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: T. Schneider / Shutterstock.com

Dave Ramsey Has Blunt Advice On How Much To Spend To Keep A Pet Dog Alive: 'I've Seen People Spend Tens Of Thousands Of Dollars…'

The Supreme Court has altered how birthright citizenship policies can be challenged in court. The ruling, authored by conservative Justice Amy Coney Barrett, limits the judiciary&#8217;s power to issue nationwide injunctions against presidential directives.
What Happened: The Supreme Court&#8217;s 6-3 decision, announced on Friday, impacts the enforcement of birthright citizenship policies. The ruling restricts judges&#8217; ability to block President Donald Trump&#8217;s policies across the nation, although it does not immediately enforce his directive on birthright citizenship, according to a Reuters report.
Trump welcomed the ruling, asserting it enables his administration to advance policies like the birthright citizenship executive order, which he claims were unjustly obstructed. The decision requires lower courts to reevaluate the extent of their injunctions.
&#8220;This morning, the Supreme Court has delivered a monumental victory for the Constitution,&#8221; President Trump said <a href="https://truthsocial.com/@realDonaldTrump/posts/114756147615303122">in</a> a post on Truth Social, adding that this is a &#8220;big day.&#8221;
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46135149/trump-has-already-won-by-dodging-accountability-in-fed-showdown-says-apollos-jim-zelter">Trump Has &#8216;Already Won&#8217; By Dodging Accountability In Fed Showdown, Says Apollo&#8217;s Jim Zelter</a>
The ruling did not address the legality of Trump&#8217;s policy, which seeks to deny citizenship to children born in the U.S. without at least one American citizen or lawful permanent resident parent. The policy can take effect 30 days after the ruling.
Liberal Justice Sonia Sotomayor criticized the decision, labeling it a &#8220;travesty for the rule of law&#8221; and highlighting the potential unconstitutionality of Trump&#8217;s order. The case underscores the ongoing debate over the judiciary&#8217;s authority to issue universal injunctions against presidential policies.
Why It Matters: The Supreme Court&#8217;s decision follows a series of legal challenges against Trump&#8217;s birthright citizenship policy. In February 2025, U.S. District Judge Deborah Boardman <a href="https://www.benzinga.com/politics/25/02/43512657/trump-rejected-federal-judge-says-executive-order-against-birthright-citizenship-will-cause-irreparable-harm">issued an injunction</a>, citing potential irreparable harm.
Earlier, in January 2025, Judge John Coughenour in Seattle temporarily<a href="https://www.benzinga.com/25/01/43181433/trumps-birthright-citizenship-order-halted-by-judge-blatantly-unconstitutional"> blocked the order</a>, deeming it &#8220;blatantly unconstitutional.&#8221;
Trump, who pledged in a 2023 campaign video his<a href="https://www.benzinga.com/news/23/05/32640194/trump-calls-for-abolition-of-birthright-citizenship-once-again-will-issue-executive-order-on-day-1-i"> intent to abolish birthright citizenship</a> if re-elected in 2024, as highlighted in a campaign video.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Supreme Court Hands Trump A 'Monumental Victory' As It Limits Judges' Power To Block President's Birthright Citizenship Order

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Original Films' "F1: The Movie," starring Brad Pitt, has <a href="https://www.benzinga.com/personal-finance/management/25/06/45829682/pro-drivers-give-brad-pitts-f1-movie-the-thumbs-up-its-300-million-budget-makes-it-one-of-the-most-expensive-films-ever-made">exceeded expectations</a>, banking $10 million in previews and is on track for a $115 million global opening, while "M3GAN 2.0" is off to a slower start.
What Happened: Directed by Joseph Kosinski, the Formula One racing drama's preview earnings include $7 million from Thursday night shows and $3 million from sneak screenings, <a href="https://www.hollywoodreporter.com/movies/movie-news/brad-pitt-f1-fire-up-box-office-m3gan-2-1236301336/">reported</a> The Hollywood Reporter.
Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is distributing and promoting Apple's big summer movie, which is expected to open with at least $115 million worldwide thanks to IMAX and premium screen deals.
However, its production costs are high, exceeding $200 million before marketing expenses.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46133145/apple-opens-eu-app-store-to-external-payments-to-avoid-fines-under-digital-markets-act-but-adds-new-fees">Apple Opens EU App Store To External Payments To Avoid Fines Under Digital Markets Act, But Adds New Fees</a>
F1 is expected to easily outpace Blumhouse and Atomic Monster's "M3GAN 2.0," which brought in $1.5 million from Thursday night previews, the report said.
The Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) subsidiary Universal Studios' sequel is projected to open domestically with around $20 million — about $10 million less than the first M3GAN's impressive $30.4 million debut in December 2023, which included $2.75 million in preview showings.
The original film went on to make $117.7 million in North America and $226.3 million worldwide, all on a modest $12 million production budget, not accounting for inflation.
Why It's Important: F1's preview earnings have already surpassed those of &#8220;Ford v Ferrari,&#8221; the biographical racing drama set at the iconic Le Mans endurance race.
That film, featuring Matt Damon and Christian Bale, brought in $2.1 million from previews before achieving a respectable three-day North American debut of $3 million.
"F1: The Movie" marks a pivotal moment for Apple as it tries to break into the competitive theatrical market, after previous <a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio">box office disappointments</a> like "Killers of the Flower Moon" and "Napoleon."
Despite Apple's vast financial power — with a market value of $3 trillion and annual earnings close to $100 billion — its video arm, which covers Apple Original Films and Apple TV+, hasn't <a href="https://www.benzinga.com/markets/large-cap/25/06/46142591/apples-f1-movie-burns-300-million-still-waiting-on-a-profit">made money since it started</a> in 2017.
Apple TV+ has also found it challenging to capture a meaningful share of the market. Although it has around 45 million subscribers, it reportedly represents under 1% of overall U.S. streaming viewing and still loses over $1 billion each year.
Price Action: According to <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a>, Apple's stock has dropped 17.54% so far this year and is down 6.08% over the last 12 months.
Benzinga's Edge Stock Rankings indicate that Apple's shares continue to show a declining trend over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights can be found here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27222432/Screenshot-2025-06-28-at-7.52.27%E2%80%AFAM.png" alt="" class="wp-image-965562" /></a></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: jamesteohart / Shutterstock.com

Media

CMCSA

Apple's Brad Pitt-Starrer 'F1: The Movie' Sets The Pace with $10 Million In Previews, Poised For $115 Million Global Opening—M3GAN 2.0 Faces Slower Start Despite Strong Sequel Buzz

On Friday, Cathie Wood-led Ark Invest made notable trades, including the sale of shares in Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>).
Other trades include SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Twist Bioscience Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>), Kratos Defense and Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) and Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>).
The SoFi Trade: Ark Invest purchased a significant number of SoFi shares. The ARK Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>) bought 344,088 shares, and the ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) acquired 1,978,022 shares. This move aligns with Ark&#8217;s continued interest in high-growth technology and financial sectors, as seen in their recent trades.
The value of the SoFi trade, calculated based on the latest closing price, is approximately $39.89 million.
The COIN Trade: Ark Invest sold a significant number of Coinbase shares. ARKF sold 16,707 shares, and ARKK sold 96,022 shares. This move comes amid significant developments for Coinbase, with the company receiving a<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46112072/coinbase-is-the-amazon-of-crypto-services-price-target-boosted-to-510-bernstein"> price target boost</a>.
The value of the Coinbase trade, calculated based on the latest closing price, is approximately $39.84 million.
The TSLA Trade: Ark Invest also made a significant purchase of Tesla shares. ARKF bought 41,992 shares of the electric vehicle company.
The value of the Tesla trade, calculated based on the latest closing price, is approximately $13.6 million.
The RBLX Trade: Ark Invest also sold a significant number of Roblox shares. ARKK sold 129,061 shares of the online gaming platform.
The value of the Roblox trade, calculated based on the latest closing price, is approximately $13.63 million.
Other Key Trades:
<ul class="wp-block-list">
<li>ARKK bought 46,668 shares of Twist Bioscience Corp.</li>
<li>ARKK bought 25,337 shares of Kratos Defense and Security Solutions Inc.</li>
<li>Ark Invest bought 40,230 shares of Beam Therapeutics Inc.</li>
<li>Ark Invest sold 1,454 shares of Elbit Systems Ltd from the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and 295 shares from the ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).</li>
</ul>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ChrisStock82 / Shutterstock.com

Broad U.S. Equity ETFs

ARKF

ARKK

ARKQ

ARKX

BEAM

COIN

ESLT

KTOS

RBLX

SOFI

TWST

Cathie Wood's Ark Invest Continues To Offload Coinbase, Bets Big On SoFi Technologies

Snowcap Compute, a semiconductor startup developing superconducting AI chips, <a href="https://www.businesswire.com/news/home/20250623688438/en/Snowcap-Compute-Launches-with-%2423-Million-Led-by-Playground-Global-to-Power-the-Next-Era-of-AI-and-Quantum-Compute">announced</a> a $23 million seed round on Monday. According to <a href="https://www.reuters.com/business/snowcap-compute-raises-23-million-superconducting-ai-chips-2025-06-23/">Reuters</a>, the company is backed by Playground Global and led by former Intel CEO Pat Gelsinger, who will also serve as board chair.
The funding round also included Cambium Capital and Vsquared Ventures.
The startup aims to create high-performance computing platforms that require significantly less power than current-generation chips. Snowcap said its superconducting architecture will deliver 25 times better performance per watt compared to existing AI systems.
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<li>Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a></li>
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<h2 class="wp-block-heading">Aiming for Radical Gains in AI and Quantum Computing</h2>
Snowcap Compute's superconducting chips are designed to operate with zero electrical resistance and require cryogenic cooling to function, according to Reuters. The company said the chips are being developed to reduce electricity consumption in artificial intelligence computing, a sector facing increasing energy demands.
Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) upcoming Rubin Ultra server, expected in 2027, is projected to consume around 600 kilowatts of power—about two-thirds of the monthly electricity use of a typical U.S. household, Reuters reported.
Snowcap CEO Michael Lafferty, formerly with Cadence Design Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), told Reuters that the performance-to-power ratio of Snowcap's architecture justifies the energy spent on cooling. "We're pushing the performance level way up and pulling the power down at the same time," he said.
Snowcap plans to release a basic chip by the end of 2026. Full system deployments will follow at a later stage. The chips will be manufactured in a conventional factory using niobium titanium nitride sourced from Brazil and Canada, Reuters reported.
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<h2 class="wp-block-heading">Gelsinger: Compute Needs a &#8216;Sharp Break&#8217; From Today's Power Demands</h2>
Gelsinger, who <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door">stepped down as Intel CEO</a> in December, said the industry must rethink its reliance on increasingly power-hungry chips. "A lot of data centers today are just being limited by power availability," he told Reuters.
In a LinkedIn <a href="https://www.linkedin.com/posts/patgelsinger_snowcap-compute-raises-23-million-for-superconducting-activity-7342929937462435840-U2DE/">post</a>, Gelsinger described Snowcap as "the first commercially viable superconducting compute platform," and said it delivers performance and efficiency gains across classical, AI, and quantum workloads. He called it his first public investment as general partner at Playground Global and said the company's technology could address compute bottlenecks and "push the boundaries of what is possible with silicon."
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<h2 class="wp-block-heading">Team Includes Veterans From Nvidia, Northrop Grumman, and Google</h2>
Snowcap's founding team includes superconducting researchers Anna Herr and Quentin Herr, who previously worked at chip research firm Imed and defense contractor Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>). The team also includes former executives from Nvidia and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) Google unit.
According to Snowcap, its architecture is engineered for high-performance AI inference and training, quantum-classical hybrid workloads, and low-latency systems.
<h2 class="wp-block-heading">Snowcap Joins Broader Push to Rethink Post-CMOS Era</h2>
Founded in 2024, Snowcap enters a growing field of startups pursuing alternatives to conventional complementary metal-oxide-semiconductor-based processors.&nbsp;
The company said its superconducting logic offers "orders-of-magnitude gains in processing speed and efficiency" and aims to support emerging compute workloads spanning AI, high-performance computing, and quantum workflows.
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From Power-Hungry AI to Energy Saver: Snowcap's $23M Move to Revolutionize Computing

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