Telefonaktiebolaget L M Bolsa (NASDAQ: ERIC)

Últimas noticias sobre Telefonaktiebolaget L M (NASDAQ:ERIC) Bolsa

Telefonaktiebolaget L M

Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.

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Telefonaktiebolaget L M Ericsson

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Ericsson shares are trading lower after the company reported a Q2 revenue miss.

Ericsson&nbsp;(NASDAQ:&nbsp;ERIC)&nbsp;<a href="https://www.benzinga.com/topic/infrastructure" target="_blank" rel="noreferrer noopener">reported&nbsp;second-quarter</a> fiscal 2025 results on Tuesday. The stock price dropped after the print. 
Ericsson earns most of its revenue by selling network infrastructure, software solutions, and professional services.
The&nbsp;Swedish telecom equipment maker&#8217;s&nbsp;sales declined 6% year-over-year&nbsp;(Y/Y) in local currency to 56.13 billion Swedish Krona ($5.80 billion), driven by a 6%&nbsp;decline in Europe, the Middle East, and Africa, a 28% decline in South East Asia, and a 17% decline in North East Asia.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45899809/ericsson-google-cloud-launch-new-tool-to-help-telecoms-build-faster-smarter-networks" rel="noreferrer noopener">Ericsson, Google Cloud Launch New Tool To Help Telecoms Build Faster, Smarter Networks</a>
Lower sales in Global Communications Platform and Technologies and New Businesses were partly offset by organic sales growth in <a target="_blank" href="https://www.ericsson.com/en/investors" rel="noreferrer noopener">Enterprise Wireless Solutions</a>. The revenue missed the&nbsp;analyst consensus estimate of $5.94 billion.
Organic sales grew by 2%, with 10% growth in the Americas market offset by declines in other market areas.
Adjusted gross margin improved to 48.0% from 43.9% Y/Y, supported by improvements in all segments, despite currency headwinds.
Adjusted EBIT margin was 12.6% versus (19.9)% Y/Y.&nbsp;Adjusted EBITA margin improved to 13.2% from 6.8% a year ago.
Ericsson&nbsp;reported an EPS&nbsp;of SEK 1.37 (14 cents) versus SEK (3.34) Y/Y. It beat the analyst consensus estimate of 12 cents.
Free cash flow before M&amp;A was SEK 2.6 billion in the quarter versus SEK 7.6 billion Y/Y. As of June 30, 2025, net cash stood at SEK 36.04 billion.
Shareholders approved the proposed 2024 dividend of SEK 2.85 per share at the AGM on March 25, 2025. The company will pay the dividend in two installments. It made the first payment of SEK 1.43 per share to shareholders on April 1, 2025, based on the record date of March 27. The second payment of SEK 1.42 per share will follow on October 2, 2025, with a record date of September 29.
Ericsson stock is down 3% year-to-date, lagging the NASDAQ Composite Index&#8217;s 7% returns during the period as it grappled with U.S. semiconductor sanctions and tariff policies.
<h2 class="wp-block-heading">Outlook</h2>
Ericsson&nbsp;said increased uncertainty remains on the outlook, both in terms of the potential for further tariff changes and in the broader macroeconomic environment. It expects&nbsp;third-quarter&nbsp;sales&nbsp;growth&nbsp;for Networks to be below the 3-year average seasonality, reflecting higher second-quarter IPR revenue from previously unlicensed periods.
The company expects quarterly Cloud Software and Services sales to resemble the 3-year average seasonality.
Based on its current assessment of announced tariffs, it expects a quarterly adjusted gross margin of 48% to 50% for Networks.
Price Action:&nbsp;ERIC stock was trading lower by 1.91% to $7.69 premarket at last check Tuesday.
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Photo via Shutterstock

Earnings

Guidance

Ericsson Warns On Growth As US Tariffs And Asia Slowdown Create Uncertainty

<h3>Companies Reporting Before The Bell</h3>
• Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $5.94 billion. 
• State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $3.35 billion. 
• Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $20.89 billion. 
• BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is estimated to report quarterly earnings at $10.67 per share on revenue of $5.41 billion. 
• Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $20.74 billion. 
• JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is projected to report quarterly earnings at $4.49 per share on revenue of $43.91 billion. 
• Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is likely to report quarterly earnings at $1.74 per share on revenue of $4.83 billion. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $74.37 million. 
• Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is estimated to report quarterly earnings at $0.52 per share on revenue of $24.70 billion. 
<h3>Companies Reporting After The Bell</h3>
• JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.33 per share on revenue of $2.93 billion. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.90 per share on revenue of $494.93 million. 
• Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $3.96 billion. 
• Kestra Medical Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMTS#NASDAQ">KMTS</a>) is projected to report quarterly loss at $0.53 per share on revenue of $15.69 million. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is estimated to report quarterly earnings at $1.35 per share on revenue of $374.15 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $321.86 million. 
• Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $13.45 million. 
• Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is estimated to report earnings for its third quarter. 
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is likely to report earnings for its first quarter. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGO

FULT

JBHT

KMTS

PNFP

RMCF

Earnings Scheduled For July 15, 2025

Increased uncertainty remains on the outlook, both in terms of potential for further tariff changes as well as in the broader macroeconomic environment.
Segments Increased uncertainty remains on the outlook, both in terms of potential for further tariff changes as well as in the broader macroeconomic environment. Networks Sales growth in Q3 2025 is expected to be below 3-year average seasonality, reflecting higher Q2 IPR revenue from previously unlicensed periods. Adjusted gross margin in Q3 is expected to be in the range of 48% to 50%. Cloud Software and Services Sales growth in Q3 2025 is expected to be broadly similar to 3-year average seasonality.

Ericsson For Q3 Expects Network Growth Below Seasonal Norms On Prior IPR Revenue; Cloud Growth To Hold Steady; Guides Adj. Gross Margin At 48%-50%, Flags Tariff And Macro Uncertainty

Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 18.33 percent. This is a 1320 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $5.80 billion which missed the analyst consensus estimate of $5.94 billion by 2.33 percent. This is a 3.66 percent increase over sales of $5.60 billion the same period last year.

Earnings Beats

Earnings Misses

Telefonaktiebolaget LM Ericsson Q2 EPS $0.14 Beats $0.12 Estimate, Sales $5.80B Miss $5.94B Estimate

Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is set to give its latest quarterly earnings report on Tuesday, 2025-07-15. Here's what investors need to know before the announcement.
Analysts estimate that Telefonaktiebolaget L M will report an earnings per share (EPS) of $0.12. 
Telefonaktiebolaget L M bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
The company's EPS beat by $0.03 in the last quarter, leading to a 1.61% drop in the share price on the following day.
Here's a look at Telefonaktiebolaget L M's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>0.21</td>
<td>0.09</td>
<td>0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.12</td>
<td>0.13</td>
<td>0.11</td>
<td>0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-14.000000000000002%</td>
<td>-1.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1752501698_0.png" alt="eps graph" />
<h3>Telefonaktiebolaget L M Share Price Analysis</h3>
Shares of Telefonaktiebolaget L M were trading at $8.04 as of July 11. Over the last 52-week period, shares are up 18.42%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ERIC/earnings">To track all earnings releases for Telefonaktiebolaget L M visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at Telefonaktiebolaget L M's Upcoming Earnings Report

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) on Thursday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45898387/ericsson-and-google-cloud-team-up-to-deliver-carrier-grade-5g-core-as-a-service-built-with-ai-at-t" rel="noreferrer noopener">announced the launch</a> of Ericsson On-Demand, a new solution delivering core network services as a true software-as-a-service (SaaS) platform to communications service providers (CSPs).
The platform is designed with Alphabet Inc (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 Cloud, leveraging AI infrastructure and Google Kubernetes Engine (GKE), and is managed end-to-end by Ericsson.
The solution will help CSPs to quickly set up and grow core network services, cut operating costs, and gain business flexibility with a fully managed, cloud-native platform.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45854883/ericsson-supermicro-partner-to-bring-5g-powered-ai-to-factories-retail-and-hospitals" target="_blank" rel="noreferrer noopener">Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals</a>
At a time when CSPs are under growing pressure to innovate at speed and scale while managing increasing operational complexity, Ericsson&#8217;s On-Demand platform deploys full core in minutes, scales up or down as needed, and allows CSPs to pay only for what they use and need not worry about managing the underlying infrastructure.
Ericsson On-Demand combines telecom-grade reliability with public cloud flexibility. The platform leverages GKE to simplify and improve network availability, in addition to Google Cloud&#8217;s full-stack AI infrastructure, globally across 42 cloud regions and more than two million miles of terrestrial and subsea fiber.
Ericsson On-Demand also helps CSPs add new features to their current systems bit-by-bit without causing any downtime.
Ericsson stock surged over 38% in the last 12 months.
Ericsson&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44823834/ericsson-q4-earnings-sales-climb-3-us-clients-accelerate-purchases-ahead-of-tariffs-eyes-solid-q2-despite-global-tariff-pressures" rel="noreferrer noopener">first-quarter fiscal 2025</a>&nbsp;sales grew&nbsp;3% to 55.0 billion Swedish Krona ($5.15 billion), driven by 20%&nbsp;growth&nbsp;in the Americas market. The revenue beat the&nbsp;consensus of $5.10 billion.
Ericsson reported an EPS of SEK 1.24 (12 cents), topping the consensus of 9 cents.
Bloomberg&#8217;s Matthew Bloxham&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-15/ericsson-beats-estimates-as-mobile-operators-buy-more-5g-gear?sref=TBDibEcD" rel="noreferrer noopener">expects</a>&nbsp;Ericsson to outperform analysts&#8217; expectations in the face of global tariff storms through cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components.
Morgan Stanley&#8217;s&nbsp;Sandeep Deshpande&nbsp;told Bloomberg that Ericsson&#8217;s U.S. business strength was partially driven by customers &#8220;buying products in anticipation of tariffs.
Price Action: ERIC stock closed lower by 0.35% at $8.44 on Wednesday.
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Photo via Shutterstock

GOOG

GOOGL

Ericsson, Google Cloud Launch New Tool To Help Telecoms Build Faster, Smarter Networks

<ul>
<li>Ericsson On-Demand delivers a significant shift in how core network services are deployed, managed and scaled</li>
<li>Provisions core services in minutes, allowing Communication Service Providers (CSPs) to scale effortlessly and pay only for what is used</li>
<li>Combines telecom-grade reliability with public cloud flexibility, for smaller core deployments</li>
</ul>

Ericsson And Google Cloud Launch AI-Powered On-Demand Platform To Deliver Carrier-Grade 5G Core as-a-Service For CSPs

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>)&nbsp;and Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) on Tuesday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45853661/ericsson-and-supermicro-advance-enterprise-connectivity-for-edge-ai-systems" rel="noreferrer noopener">announced plans to</a> engage in a strategic collaboration to accelerate Edge AI deployment.
The companies have inked a Memorandum of Understanding to combine Ericsson&#8217;s 5G wireless technology with Supermicro&#8217;s edge AI platforms, creating a commercial bundle that simplifies the deployment of AI applications at the network edge.
The combination of Supermicro and Ericsson technology will help businesses in retail, factories, health care, and other industries rapidly deploy Edge AI infrastructure with wireless connectivity.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/25/05/45541908/supermicro-eyes-texas-mississippi-for-ai-server-growth-as-microsoft-amazon-increase-spending" rel="noreferrer noopener">Supermicro Eyes Texas, Mississippi For AI Server Growth As Microsoft, Amazon Increase Spending</a>
Super Micro stock is down over 45% in the last 12 months. The company reported <a target="_blank" href="https://www.benzinga.com/25/05/45245696/smci-issues-strong-q4-revenue-outlook-expects-nvidias-blackwell-to-fuel-growth" rel="noreferrer noopener">third-quarter net revenue</a> of $4.6 billion, up by 19% year-over-year below&nbsp;the analyst consensus estimate of $5.42 billion. However, the revenue declined by 19% quarter-over-quarter.
Needham analyst Quinn Bolton attributed the miss to delayed commitments due to customers waiting and evaluating next-gen AI platforms (Blackwell).
Bolton said the quarterly adjusted gross margin came in at 9.7%, below the Street&#8217;s 10.1% estimate, due to higher inventory reserve charges on older Hopper systems, lower volume, and accelerated new-product costs.
Management highlighted product transitions from Hopper to Blackwell and tariff uncertainty as key contributors to near-term weakness.
Ericsson is up over 38% in the last 12 months. Bloomberg&#8217;s Matthew Bloxham&nbsp;expects&nbsp;Ericsson to tackle <a target="_blank" href="https://www.benzinga.com/25/04/44823834/ericsson-q4-earnings-sales-climb-3-us-clients-accelerate-purchases-ahead-of-tariffs-eyes-solid-q2-despite-global-tariff-pressures" rel="noreferrer noopener">global tariff storms</a> better than analysts&#8217; expectations via cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components.
Price Actions: SMCI stock is trading lower by 0.39% to $42.95 premarket at last check Tuesday. ERIC stock is up 0.24%.
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Photo via Shutterstock

SMCI

Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals

Ericsson and Supermicro explore cooperation on innovative 5G bundle for rapid time-to-deployment for multiple AI edge applications

Ericsson And Supermicro Announce Strategic Collaboration To Deliver Unified Edge AI And 5G Connectivity Solutions

Telefonaktiebolaget L M's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NYSE">ERIC</a>) short percent of float has risen 10.16% since its last report. The company recently reported that it has 43.22 million shares sold short, which is 1.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Telefonaktiebolaget L M Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749142831_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Telefonaktiebolaget L M has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Telefonaktiebolaget L M's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Telefonaktiebolaget L M's peer group average for short interest as a percentage of float is 6.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

What's Driving the Market Sentiment Around Telefonaktiebolaget L M?

On June 2, 2025, Mr. Chi Weng Tam notified mF International Limited (the "Company") of his resignation as the chief executive officer (the "CEO"), effective June 2, 2025. Mr. Chi Weng Tam has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
To fill the vacancy created by Mr. Chi Weng Tam's departure, on June 2, 2025, the board of directors of the Company (the "Board") appointed Mr. Haoyu Wang to serve as the new CEO of the Company, effective June 2, 2025. The appointment of Mr. Haoyu Wang as the CEO has no specific term and can be terminated by either Mr. Haoyu Wang or the Company with three-month advance notice. The biographical information of Mr. Haoyu Wang is set forth below.
&nbsp;
Mr. Haoyu Wang, age 40, served as the general manager, executive director, investment director, and information reporting officer of Hangzhou Hengqing Ruixing Private Equity Fund Management Co., Ltd. from April 2020 to May 2025. He was responsible for sourcing, evaluating, and executing high-value investment opportunities, leading due diligence processes, and overseeing portfolio management to drive value creation and maximize returns. Mr. Wang also actively engaged with portfolio companies to implement strategic improvements and ensure alignment with investment objectives. Since January 2024, he has served as a director of Trend Up Investment (HK) Limited. Mr. Wang received his Bachelor's degree in Software Engineering from Xiamen University in 2008 and a Master's degree in Business Economics from Monash University, Australia, in 2013.
&nbsp;
Mr. Wang does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
&nbsp;
Change of CFO
&nbsp;
On June 2, 2025, Mr. Yun Pan Lau notified the Company of his resignation as the chief financial officer (the "CFO"), effective June 2, 2025. Mr. Yun Pan Lau has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
To fill the vacancy created by Mr. Yun Pan Lau's departure, on June 2, 2025, the Board appointed Ms. Yang Liu to serve as the new CFO of the Company, effective June 2, 2025. The appointment of Ms. Yang Liu as the CFO has no specific term and can be terminated by either Ms. Yang Liu or the Company with three-month advance notice. The biographical information of Ms. Yang Liu is set forth below.
&nbsp;
Ms. Yang Liu, age 38, served as the managing director at GoldenSand Capital from January 2016 to May 2025. In this role, she oversaw the firm's investment activities and managed cross-border business operations in the European Union, United Kingdom, and Latin America. From June 2021 to January 2023, Ms. Liu served as a director at HG Semiconductor Limited, a Hong Kong-listed company (HKEX: 6908). From 2012 to 2015, Ms. Liu was employed as a senior specialist at Telefonaktiebolaget LM Ericsson, a multinational networking and telecommunications company listed on the Nasdaq Stock Market LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), where she gained experience in financial services and technology sectors. Ms. Liu received her Bachelor's degree in Business Administration from Tongji University, China, in 2009 and a Master's degree in Finance from Audencia Nantes École de Commerce, France, in 2010. She has been a Chartered Financial Analyst (CFA) charterholder since 2019, accredited by the CFA Institute. Her professional background includes extensive experience in international finance, investment management, and corporate governance.
&nbsp;
Ms. Liu does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
&nbsp;
Resignation and Appointment of Independent Directors
&nbsp;
On June 2, 2025, Mr. Sum (Philip) Cheng, Ms. Lai Sum (Christina) Liu and Mr. Cheuk Ho Chan notified the Company of their resignation as directors and members of the audit committee, compensation committee and nominating and corporate governance committee, effective June 2, 2025. Mr. Cheng, Ms. Liu and Mr. Chan have advised that their resignations were due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>2</td>
</tr>
</tbody>
</table>
</figure>
&nbsp;
&nbsp;
To fill the vacancies created by Mr. Cheng, Ms. Liu and Mr. Chan's departures, on June 2, 2025, the Board appointed Ms. Yahong Hu as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the audit committee; Mr. Wei Qian as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the compensation committee; Mr. Philippe Douste-Blazy as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the nominating and corporate governance committee. The Company has determined that Ms. Yahong Hu, Mr. Wei Qian and Mr. Philippe Douste-Blazy satisfy the "independence" requirements of the corporate governance rules of the Nasdaq Stock Market LLC ( "Nasdaq"), and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The Board has also determined that Ms. Yahong Hu qualifies as an audit committee financial expert under the rules of the U.S. Securities and Exchange Commission and as a financially sophisticated audit committee member under the Nasdaq listing rules. The biographical information of Ms. Yahong Hu, Mr. Wei Qian and Mr. Philippe Douste-Blazy is set forth below.
&nbsp;
Ms. Yahong Hu, age 33, has served as the finance manager at Beijing Qingping Zhimo Information Technology Co., Ltd. since June 2023. She possesses extensive expertise in finance, accounting, auditing, and regulatory compliance, gained through her progressive roles in the financial department of Beijing Hongjia Investment Management Co., Ltd. from September 2018 to May 2023. In these capacities, Ms. Hu was responsible for financial reporting, budgeting, internal controls, audit coordination, and ensuring adherence to both domestic and international accounting standards. Ms. Hu received her Bachelor's degree in Accounting from Soochow University in 2014 and her Master's degree in Accounting from Brock University in St. Catharines, Ontario, Canada, in 2016.
&nbsp;
Mr. Wei Qian, age 39, has served as a partner at DeHeng Law Offices (Hangzhou), a leading full-service law firm known for its comprehensive legal services in capital markets, banking and finance, and regulatory compliance, with a significant track record advising on major domestic and cross-border transactions, since June 2019. Prior to this, Mr. Qian practiced as a lawyer at Beijing Yingke (Hangzhou) Law Firm from August 2017 to June 2019. Mr. Qian possesses extensive legal expertise in corporate listings, financing, mergers and acquisitions, equity incentive plans, and private equity fund-related legal services. He is highly experienced in regulatory compliance, securities law, and fund management regulations, holding professional qualifications in securities practice and futures practice. His work includes advising on complex transactions and ensuring adherence to evolving legal and regulatory frameworks, reflecting his strong capability in navigating capital markets and compliance matters. Mr. Qian received his Bachelor's degree in Law from Zhongnan University of Economics and Law in 2008.
&nbsp;
Mr. Philippe Douste-Blazy, age 72, served as a member of the board of Cleveland Clinic Abu Dhabi, a U.S.-based healthcare provider in Abu Dhabi, from 2019 to 2024. In 2019, Mr. Douste-Blazy established the United Nations Fund, UNITLIFE, which focuses on addressing chronic malnutrition. In addition, in 2006, Mr. Douste-Blazy founded UNITAID, an organization hosted by the United Nations that facilitates access to medications for AIDS, tuberculosis, malaria, and hepatitis for underserved populations globally. Mr. Douste-Blazy has held multiple senior positions, including Under-Secretary-General of the United Nations and Special Adviser on Innovative Financing for Development at the United Nations. His ministerial roles in the French government included Minister of Health and Social Protection, Minister of Solidarity, Health and Family, Minister of Culture, and Minister of Foreign Affairs. Mr. Douste-Blazy's academic appointments include a professor at the Faculty of Medicine of Toulouse (1988–2007), a professor at the Faculty of Medicine of Paris (2007–2016), and an adjunct professor at Harvard Medical School (2013–2018). Mr. Douste-Blazy holds MD and PhD degrees from Paul Sabatier University. He has received several honors, including the Clinton Global Citizen Award (2011), Commander of the French Order of Arts et Lettres, Commander of the Norwegian Order, Knight of the French Legion of Honor, and Knight of the Order of Malta.
&nbsp;
None of Ms. Hu, Mr. Qian, or Mr. Douste-Blazy has a family relationship with any other director or executive officer of the Company, and none of them has been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.

Management

mF International Appoints Haoyu Wang as CEO, Replacing Chi Weng Tam; Yang Liu Named CFO, Succeeding Yun Pan Lau

Ericsson To Sell Up To 60% Of Vested LTV 2022 Shares To Settle Withholding Taxes And Social Security Costs

Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares are trading higher on Thursday after the company said it is strengthening its research and development operations in Japan, with plans to hire up to 300 professionals in <a href="https://www.benzinga.com/pressreleases/25/05/n45428573/ericsson-commits-to-japan-r-d-investment" target="_blank" rel="noreferrer noopener">the telecom technology space</a>.
The expansion reflects the company&#8217;s push to accelerate innovation in 5G and beyond through strategic collaborations and local partnerships.
The Swedish telecom giant announced the R&amp;D initiative during a visit by Ericsson President and CEO Börje Ekholm, emphasizing Japan&#8217;s central role in its global innovation roadmap.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45430485/cisco-is-targeting-a-multi-billion-dollar-security-shake-up-and-it-starts-with-killing-the-firewall" rel="noreferrer noopener"> Cisco Is Targeting A Multi-Billion-Dollar Security Shake-Up—And It Starts With Killing The Firewall</a>
The R&amp;D push will support the development of open, high-performance programmable networks critical to Japan&#8217;s national digital infrastructure. Ekholm states these advanced networks are essential to enabling future technologies like AI and next-gen connectivity.
The investment will position Japan as a key contributor to Ericsson&#8217;s global ecosystem of suppliers, partners, and customers.
Through this initiative, Ericsson intends to create new avenues for cooperation with Japanese partners, allowing them to contribute to the company&#8217;s global innovation engine.
The company&#8217;s efforts will complement ongoing 6G-focused collaborations with local universities such as Yokohama National University and the University of Electro-Communications.
Per Narvinger, Executive VP and Head of Networks at Ericsson, underscored Japan&#8217;s value in the company&#8217;s long-term strategy.
Having operated in Japan since 1985, Ericsson currently employs over 1,000 people across offices in Tokyo, Yokohama, and Sendai. Narvinger said the country&#8217;s robust tech talent and innovation ecosystem is ideal for building a stronger R&amp;D foundation.
Ericsson invests approximately $5 billion globally each year in research and development, and this Japan-centric move signals its intent to deepen roots in markets critical to the future of telecom infrastructure. The company views programmable 5G and Open RAN readiness as vital to keeping pace with digital transformation worldwide.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, ERIC stock has gained over 46% in the past year.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>).
Price Action: ERIC shares are trading higher by 1.90% to $8.468 at last check on Thursday.
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</ul>
Image via Shutterstock

What's Going On With Ericsson Stock On Thursday?

<ul>
<li>Up to 300 R&amp;D jobs could initially be created in Japan, highlighting the country's strategic importance to Ericsson</li>
<li>Investment to support Japan's connectivity ecosystem of partners, suppliers and customers globally</li>
<li>R&amp;D innovation to help accelerate the build-out of national digital infrastructure, through deployment of open high-performing programmable networks</li>
</ul>

Ericsson Commits To R&D Investment In Japan, Plans To Create Up To 300 High-Skilled Telecom Jobs

Editor&#8217;s Note: This story has been updated to reflect the correct ticker symbol for Nvidia.
Huawei Technologies is reportedly preparing to test its most powerful artificial intelligence processor to date, with hopes of <a href="https://www.benzinga.com/25/03/44356270/huawei-develops-in-house-chips-to-counter-us-sanctions-and-leap-ahead-in-the-tech-war">replacing high-end chips</a> from U.S. giant NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), even as U.S. sanctions continue to stifle China&#8217;s semiconductor ambitions.
What Happened: Huawei has begun the testing phase of its new AI chip, the Ascend 910D, which is designed to rival Nvidia's flagship processors, <a href="https://www.wsj.com/tech/chinas-huawei-develops-new-ai-chip-seeking-to-match-nvidia-8166f606?mod=tech_lead_pos1">reported</a> the Wall Street Journal on Sunday, citing people familiar with the matter.
The chip will undergo a series of technical tests, with samples expected to be ready by late May. The Ascend 910D aims to surpass Nvidia's H100 chip, a popular choice for AI training tasks.
This move marks a significant step forward for Huawei's semiconductor division, which has faced substantial challenges due to <a href="http://v/">U.S. sanctions over</a> the past six years.
See Also:&nbsp;<a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For ‘Ripping Off American Sellers' As Trump Tariffs Are Predicted To Boost Ecommerce Brands' Profits</a>
This year, Huawei plans to ship over 800,000 Ascend 910B and 910C chips. Customers include state-run telecoms and companies like ByteDance, the report noted, citing the sources.&nbsp;
However, Huawei has been struggling to manufacture these chips on a large scale due to <a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions">obstacles in its supply chain</a>. The company has been excluded from working with Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Its closest alternative, Semiconductor Manufacturing International, is also restricted from acquiring the latest chip-making technology.
Why It&#8217;s Important: Earlier this month, the U.S. government placed Nvidia's H20 chip—its most advanced processor available for sale in China without a license—on a list of semiconductors facing sales restrictions.
Nvidia revealed that this move would lead to a<a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker"> $5.5 billion financial hit</a>.
On Sunday, Chamath Palihapitiya spoke about how <a href="https://www.benzinga.com/25/04/45030669/chamath-palihapitiya-says-nvidia-is-huaweis-new-target-a-national-champion-that-crushed-tech-giants-with-a-low-end-disruptor-strategy">Huawei has effectively executed</a> a &#8220;low-end disruptor&#8221; strategy. This strategy focuses on creating products that match or exceed the quality of industry leaders, but at a more affordable price.
He highlighted several companies Huawei has already surpassed, including Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) and Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>).
Previously, the SPAC king raised concerns that <a href="https://in.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">Nvidia may not be prioritizing</a> the best interests of the U.S.
Benzinga Edge Stock Rankings places Nvidia&#8217;s growth score in the 94th percentile. Curious how other chip stocks compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to discover more</a>.
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<li><a href="https://benzinga.com/trading-ideas/movers/25/04/45029805/what-caused-sam-altman-founded-world-network-token-to-soar-57-in-a-week" target="_blank" rel="noreferrer noopener">What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week? What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week?</a></li>
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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.

MSFT

Nvidia Faces New Challenge As Huawei Tests Powerful Ascend 910D AI Chip Amid US Sanctions, Aiming To Disrupt High-End Market: Report (CORRECTED)

Chamath Palihapitiya took to X on Sunday to discuss Huawei&#8217;s strategic approach in the tech industry. Palihapitiya emphasized that Huawei, a prominent Chinese company, has successfully implemented a &#8220;low-end disruptor&#8221; strategy. This involves creating products that are either equivalent to or better than those of existing market leaders, but at a lower cost.
What Happened: The SPAC King identified several companies that Huawei has already outperformed, including Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>), and Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISCO#NASDAQ">CISCO</a>). He also noted that Huawei is making progress against QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and has set its sights on Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Palihapitiya&#8217;s comments come amid growing concerns about China&#8217;s technological advancements and their impact on global markets.
<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">Worth noting that Huawei, a Chinese National Champion, has systematically executed a "low-end disruptor" strategy with a lot of success. "Low-end Disruptor" simply means making an equivalent or better product for less than incumbents. End bossed: 1. Ericsson 2. Nokia 3. Cisco…
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1916529549502013649?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Palihapitiya&#8217;s remarks align with recent developments in China&#8217;s tech sector, where companies like Huawei are advancing despite international challenges. This includes Huawei&#8217;s efforts to <a href="https://www.benzinga.com/tech/25/04/44970472/chinas-chip-breakthrough-without-asml-makes-chamath-palihapitiya-take-stock-of-beijings-formidable-nature-america-can-win-if">develop in-house chips</a> to counter U.S. sanctions, as reported in March.
See Also: <a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For &#8216;Ripping Off American Sellers&#8217; As Trump Tariffs Are Predicted To Boost Ecommerce Brands&#8217; Profits</a>
Why It Matters: Palihapitiya&#8217;s observations underscore the competitive pressure that Chinese companies are exerting on Western tech giants. Huawei&#8217;s strategy of producing cost-effective yet high-quality products is reshaping the competitive landscape. This is particularly relevant as China continues to make strides in chip manufacturing, even without access to advanced tools like those from ASML Holding .
Huawei is <a href="https://www.benzinga.com/25/03/44356270/huawei-develops-in-house-chips-to-counter-us-sanctions-and-leap-ahead-in-the-tech-war">accelerating efforts</a> to replace U.S. components by developing its own computer chips and operating system, with its Kirin X90 chip recently earning national security certification. As its Windows license nears expiration, Huawei plans to launch HarmonyOS-powered PCs later this year to reduce reliance on American technology amid rising U.S.-China trade tensions.
Palihapitiya has previously <a href="https://in.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">expressed concerns</a> about companies like Nvidia not acting in the best interests of the U.S., highlighting the geopolitical implications of these technological advancements.
Benzinga Edge Stock Rankings identify Nvidia&#8217;s Growth Momentum in the 94th percentile. How do other chip plays stack up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> and find out.
<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="786" height="98" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23.png" alt="" class="wp-image-889985" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23.png 786w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23-300x37.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23-768x96.png 768w" sizes="(max-width: 786px) 100vw, 786px" /></a></figure>
Photo Courtesy: Kathy Hutchins on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

CISCO

QCOM

Chamath Palihapitiya Says Nvidia Is Huawei's 'New Target' — A 'National Champion' That Crushed Tech Giants With A 'Low-End Disruptor' Strategy

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>ServiceTitan, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>) stock jumped 22.55% &nbsp;after it announced a strategic partnership with Cobalt Service Partners to power 12 commercial access solutions brands with<a href="https://www.benzinga.com//node/44817937" target="_blank" rel="noreferrer noopener"> its business management software</a>.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares were up 22.13%.</li>
<li>YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) shares increased 19.94% after HSBC analyst Liyanna Yang upgraded the stock from Reduce to Hold and raised the <a href="https://www.benzinga.com/quote/ypf/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from&nbsp;$21&nbsp;to&nbsp;$33</a>.</li>
<li>Eli Lilly And Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)&nbsp;stock rose 16.51% after the U.S. healthcare giant reported topline Phase 3 results from the ACHIEVE-1 trial of orforglipron compared to placebo in adults with type 2 diabetes and inadequate glycemic control <a href="https://www.benzinga.com//node/44860903" target="_blank" rel="noreferrer noopener">with&nbsp;diet and exercise alone</a>.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares grew 16.47%  after the company hinted it might resume purchasing Bitcoin (CRYPTO: BTC/USD) <a href="https://www.benzinga.com//node/44789931">after a week-long pause</a>.</li>
<li>America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>)&nbsp;stock upped 15.88% after HSBC analyst Madhvendra Singh upgraded the stock from Hold to Buy and raised <a href="http://benzinga.com/quote/amx/analyst-ratings" target="_blank" rel="noreferrer noopener">its price forecast from&nbsp;$15.5&nbsp;to&nbsp;$17.5</a>.</li>
<li>Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) shares upped 14.91% after the company reported&nbsp;first-quarter results. Additionally, the company and Bell Canada announced the successful test of AI-native link adaptation to <a href="https://www.benzinga.com//node/44823834" target="_blank" rel="noreferrer noopener">boost network speed and efficiency</a>.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) stock rose 12.10%.</li>
<li>Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) stock surged 11.76% after Truist Securities analyst Neal Dingmann&nbsp;raised its price forecast from&nbsp;$238&nbsp;to&nbsp;$242&nbsp;<a href="https://www.benzinga.com/quote/fang/analyst-ratings" target="_blank" rel="noreferrer noopener">and maintained a Buy rating</a>.</li>
<li>Neurocrine Biosciences Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>)&nbsp;shares increased 11.75% after some <a href="https://www.benzinga.com//node/44818760" target="_blank" rel="noreferrer noopener">analysts upgraded the stock</a>.</li>
</ol>
Photo by DCStockPhotography via Shutterstock

Large Cap

FANG

INSM

MSTR

NBIX

SMMT

TTAN

In The Holiday Shortened Easter Week, These Large-Cap Stock Were Top Performers (Apr 14-Apr 18): Are These In Your Portfolio?

A top Donald Trump <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">official</a> has urged European allies to back Starlink, a subsidiary of Elon Musk's SpaceX and U.S. tech over China.
What Happened: Federal Communications Commission chairman Brendan Carr <a href="https://www.ft.com/content/0a086fc2-1955-4ded-8558-6f9f85a0679d">told</a> the Financial Times that European hesitation over Starlink service is misplaced.
His comments follow concerns raised after Washington threatened to shut off Starlink service in Ukraine. "If you're concerned about Starlink, just wait for the CCP's version, then you'll be really worried," Carr said.
Carr has been a <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">strong supporter of Musk's Starlink</a>. He staunchly opposed the FCC's decision not to offer nearly $900 million in subsidies to Starlink.
The FCC chair criticized what he described as European "protectionism" and an "anti-American" bias, especially in the regulatory treatment of U.S. companies. He added that Europe needs to choose sides: "It's sort of time for choosing."
See Also:&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44660696/trumps-tariff-worries-ross-gerber-points-out-ordering-eu-goods-under-800-still-keeps-you-tax-free" target="_blank" rel="noreferrer noopener">Trump's Tariff Worries? Ross Gerber Points Out Ordering EU Goods Under $800 Still Keeps You Tax-Free</a>
U.K.-based telecom firms BT and Virgin Media O2 are currently trialing Starlink's tech, though neither has entered a formal agreement.
Carr also warned that European suppliers like Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) and Ericsson (NASAQ: ERIC) may face <a href="https://www.benzinga.com/news/global/25/04/44705879/trump-tariffs-push-eu-to-hit-23-billion-in-us-exports-including-orange-juice-poulty-and-steel-from-red-states">Trump-era tariffs</a> unless they expand U.S.-based manufacturing.
Nokia previously said that it sees the U.S. as its "second home," with major manufacturing and R&amp;D already based in the country. Ericsson already has a factory in Texas and may expand further, depending on tariffs.
Why It's Important: Last week, reports emerged that the EU and China had agreed to explore <a href="https://www.benzinga.com/news/global/25/04/44756940/europe-china-eye-ev-price-pact-to-avert-trump-tariff-escalation-after-tesla-ceo-elon-musk-pushes-for-zero-eu-tariffs-amid-declining-sales">setting minimum prices</a> for Chinese-made electric vehicles. The talks come against the backdrop of rising global trade tensions following Trump's sweeping new tariffs.
Musk, who is also the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO reportedly made a direct appeal to Trump, urging him to reverse the tariffs and <a href="https://www.benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-for-his-startups">instead support the creation</a> of a "free trade zone" between Europe and the U.S.
However, despite Musk's substantial <a href="https://www.benzinga.com/markets/equities/25/04/44679026/elon-musk-made-unsucessful-appeals-to-trump-to-reverse-new-tariffs-as-tesla-likely-to-take-a-hit-report">political donations to Republicans</a> and his advisory relationship with Trump, his efforts have so far been unsuccessful.
Earlier, it was also reported that the <a href="https://www.benzinga.com/markets/25/04/44784857/eu-threatens-additional-taxes-on-us-tech-giants-amid-ongoing-tariff-war-we-are-developing-retaliatory-measures-says-von-der-leyen">EU is considering implementing taxes</a> on major U.S. tech firms such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and 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 if current tariff discussions with the Trump administration do not lead to a resolution.
Photo Courtesy: Mark Van Scyoc on Shutterstock.com
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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.

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Trump-Appointed FCC Chair To Europe: If You're Worried About Elon Musk's Starlink After The Ukraine Threat, 'Just Wait For The CCP's Version…'

Ericsson&nbsp;(NASDAQ:&nbsp;ERIC)&nbsp;reported&nbsp;first-quarter fiscal 2025 results on Tuesday. The stock price gained after the print.
The&nbsp;Swedish telecom equipment maker&#8217;s&nbsp;sales grew <a target="_blank" href="https://www.ericsson.com/en/investors" rel="noreferrer noopener">3% year-over-year</a> to 55.0 billion Swedish Krona ($5.15 billion), driven by 20%&nbsp;growth&nbsp;in the Americas market. The revenue beat the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus of $5.10 billion</a>.
Organic sales were stable, with strong growth in the Americas market offset by declines in other market areas.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/contracts/25/02/43949453/ericsson-accelerates-5g-growth-in-india-with-bharti-airtel-deal" rel="noreferrer noopener">Ericsson Accelerates 5G Growth in India with Bharti Airtel Deal</a>
Adjusted gross margin improved to 48.5% from 42.7% Y/Y, driven primarily by improved gross margin in Networks.
Adjusted EBIT margin was 11.3% versus 8.1% Y/Y.&nbsp;Adjusted EBITA margin improved to 12.6% from 9.6% a year ago.
Ericsson <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">reported an EPS</a> of SEK 1.24 ($0.12) versus SEK 0.77 Y/Y. It beat the consensus of $0.09.
Free cash flow before M&amp;A was SEK 2.7 billion in the quarter. As of March 31, 2025, net cash stood at SEK 38.6 billion.
Dividend: The board approved the 2024 proposed dividend of SEK 2.85 per share on March 25. The company will pay the dividend in two installments of SEK 1.43 per share and SEK 1.42 per share.
Outlook: Ericsson&nbsp;expects&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">second-quarter&nbsp;sales</a> growth&nbsp;for Networks and Cloud Software and Services to be similar to the 3-year average seasonality.
Based on its current assessment of announced tariffs, it expects second-quarter adjusted gross margin for networks of 48% % to 50%.
Ericsson remains confident in its strong position in Mobile Networks and expects Enterprise to stabilize in 2025.
Bloomberg&#8217;s Matthew Bloxham <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-15/ericsson-beats-estimates-as-mobile-operators-buy-more-5g-gear?sref=TBDibEcD" rel="noreferrer noopener">expects</a> Ericsson to tackle global tariff storms better than analysts&#8217; expectations via cost-cutting tailwinds, preemptive U.S. inventory restocking, and limited exposure to China-sourced components.
While North America accounted for about 30% of the company&#8217;s revenue in 2024, Bloomberg cited Ericsson&#8217;s 2024 annual report as citing the company&#8217;s diversification of its supply chain. The company is building a factory in Texas to produce 5G equipment for U.S. customers.
Morgan Stanley&#8217;s&nbsp;Sandeep Deshpande&nbsp;told Bloomberg that Ericsson&#8217;s U.S. business strength was partially driven by customers &#8220;buying products in anticipation of tariffs.
Price Action: ERIC stock is up 8.66% at $8.09 at the last check on Tuesday.
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