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Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

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El fondo Pershing Square de Bill Ackman suma participaciones en Uber y Hertz en el primer trimestre de 2025. Descubre los cambios clave.

Bill Ackman amplía su cartera con nuevas inversiones en Uber y Hertz

Alphabet Inc

Meta Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a target="_blank" href="https://www.benzinga.com/topic/meta" rel="noreferrer noopener">artificial intelligence assistant</a> now has one billion monthly active users, CEO Mark Zuckerberg said Wednesday at the company's annual shareholder meeting.
Zuckerberg emphasized focus on making Meta AI the leading personal AI, emphasizing personalization, voice conversations, and entertainment, CNBC <a target="_blank" href="https://www.cnbc.com/2025/05/28/zuckerberg-meta-ai-one-billion-monthly-users.html" rel="noreferrer noopener">reported</a> on Wednesday.
In April, Meta launched a&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">stand-alone AI app</a> to compete with the likes of&nbsp;OpenAI's ChatGPT, 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's Gemini, and xAI's Grok.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45561843/meta-offers-ai-startups-free-tools-funding-to-boost-llama-model-adoption" rel="noreferrer noopener">Meta Offers AI Startups Free Tools, Funding To Boost Llama Model Adoption</a>
Meta aimed to keep growing the product before building a business around it, Zuckerberg said Wednesday. Zuckerberg highlighted opportunities to either insert paid recommendations or offer <a target="_blank" href="https://www.benzinga.com/media/25/03/44191670/meta-ai-assistant-may-get-paid-subscriptions-ads-llama-4-upgrade-in-the-works" rel="noreferrer noopener">a subscription service</a>.
Meta had reportedly <a target="_blank" href="https://www.benzinga.com/25/05/45637357/meta-restructures-ai-division-to-accelerate-product-development-and-gain-competitive-edge-report" rel="noreferrer noopener">split its AI division</a> into an AI products team, led by&nbsp;Connor Hayes,&nbsp;and an AGI Foundations unit,&nbsp;co-headed by&nbsp;Ahmad Al-Dahle and&nbsp;Amir Frenkel.
The AI Products team will concentrate on Meta's AI assistant, AI Studio, and AI functionalities across Facebook, Instagram, and WhatsApp. Meanwhile, the AGI Foundations unit will be responsible for a range of technologies, including the company's Llama models and initiatives to advance reasoning, multimedia, and voice capabilities.
Meta projected that its <a target="_blank" href="https://www.benzinga.com/markets/25/05/45160454/mark-zuckerbergs-meta-targets-1-4-trillion-revenue-from-generative-ai-by-2035-court-filing-reveals" rel="noreferrer noopener">generative AI products</a> could potentially generate revenue of $460 billion to $1.4 trillion by 2035.
<h2 class="wp-block-heading">Meta Stock Prediction For 2025</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have an average 1-year price target of $686.27, representing an expected upside of 6.55%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Meta Platforms, while 43 analysts have bullish ratings. The street high price target from Rosenblatt is $918.0, while the street low from Scotiabank is $525.0.
Price Action: META stock is up 0.05% at $643.79 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45324239/apples-upcoming-chips-aim-to-challenge-meta-in-the-smart-glasses-battle-report" target="_blank" rel="noreferrer noopener">Apple's Upcoming Chip Aims To Challenge Meta In Smart Glasses Battle: Report</a></li>
</ul>
Photo Courtesy Poetra.RH via Shutterstock

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Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions

Billionaire Elon Musk is a self-proclaimed man of many hats, <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">leading several companies</a> with titles like chairman, CEO and founder.
A recent Benzinga reader survey revealed which of the companies Musk leads would be the favorite for investors if they had access to all his companies, both public and private.
What Happened: Musk is best known as the CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), an<a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track"> electric vehicle giant </a>that is one of the most valuable companies in the world, worth $1.17 trillion.
The world's richest man also has roles at SpaceX, The Boring Company, Neuralink, X and xAI. Two of those companies, X and xAI, recently merged in a deal that valued the combined social media and AI business at $113 billion.
SpaceX is one of the most valuable private companies ever <a href="https://www.benzinga.com/24/12/42453807/spacex-hits-350-billion-valuation-in-insider-share-sale-ceo-elon-musk-says-no-investors-wanted-to-sell-shares">with a valuation</a> of $350 billion as of December 2024. Neuralink <a href="https://www.benzinga.com/general/health-care/25/05/45634160/elon-musks-neuralink-hits-9-billion-valuation-with-new-funding">was recently valued </a>at $9 billion and The Boring Company was last valued at $5.6 billion in 2022.
Add it up, and the companies that Musk is associated with are worth more than $1.6 trillion.
Fans of Musk would likely love to invest in his other ventures outside of Tesla, but they remain private. Musk has no plans to take any of the other companies public, but recently suggested that the Starlink division could be spun off of SpaceX and go public.
Musk <a href="https://wccftech.com/elon-musk-breaks-silence-on-spacex-making-weaponized-drones-a-starlink-ipo/">said </a>it was "possible that Starlink may go public at some point in the future." The billionaire said there was "no rush to go public," likely disappointing a lot of fans ready to invest their money in another one of his ventures.
Benzinga recently polled readers to see which Musk company they would invest in, given the opportunity between all of the ventures.
"If all of the Musk-related companies were currently public at recent valuation, which would you most want to invest in?" Benzinga asked.
The results were:
<ul class="wp-block-list">
<li>Starlink: 27%</li>
<li>SpaceX (with minority ownership of Starlink): 27%</li>
<li>X and xAI: 19%</li>
<li>Tesla: 16%</li>
<li>Neuralink: 8%</li>
<li>The Boring Company: 4%</li>
</ul>
The poll results show that there is strong interest from investors to have access to SpaceX and Starlink. The combination of X and xAI ranked third with 19%. Musk suggested that the company could go public again in the future at the time of his $44 billion buyout of X, which was then known as Twitter, back in 2022.
While Neuralink and The Boring Company ranked fifth and sixth, the overall results show that Tesla is far from the most popular investment option. Only 16% picked Tesla as their top Musk investment, meaning 84% of those polled picked another company.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul class="wp-block-list">
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: Musk has suggested an IPO of Starlink <a href="https://www.benzinga.com/news/24/06/39519229/elon-musk-dismisses-rumors-of-spacex-ipo-as-it-reportedly-seeks-210b-valuation-pressure-for-short-te">over the years,</a> with milestones like profitability among the factors that could determine a public listing.
Spinning off the unit from SpaceX would see the space company still maintain partial ownership and open the door for additional capital and investment opportunities.
Musk has previously stated that Tesla investors could get priority access to any future IPOs like that of Starlink.
The combination of X and xAI, with the social media unit recently gaining in value and seeing increased engagement and advertisers returning, could be a compelling investment with access to the growth of new media like X and the artificial intelligence sector.
Right now investors have limited ways to get exposure to the other Musk companies. The Ark Venture Fund counts SpaceX as<a href="https://www.benzinga.com/news/financing/25/05/45297876/after-spacex-cathie-wood-bets-big-on-elon-musks-xai"> its top holding</a> at 14.6% of assets and X/xAI ranks third at 6.3% of assets.
The Destiny Tech 100 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>) closed-end fund often spikes on positive news for SpaceX and the space sector with SpaceX the largest weighting in the fund. The fund often trades above its net asset value with investors paying a premium to get access to SpaceX.
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>) was <a href="https://www.benzinga.com/general/space/25/04/45000102/google-parent-alphabet-got-8-billion-unrealized-profit-boost-reportedly-from-investment-in-elon-musks-spacex">an early investor</a> in SpaceX and maintains a stake in the company, which could increase in value over time.
The ERShares Private-Public Crossover ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOVR#NASDAQ">XOVR</a>) also offers <a href="https://entrepreneurshares.com/ershares-etfs/entr-etf/#fund-top-10-holdings">exposure </a>to SpaceX, which is the top holding, with 9.5% of assets devoted to it.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/entertainment/25/05/45593577/elon-musks-favorite-video-game-is-becoming-a-movie-and-hes-watching-closely">Elon Musk&#8217;s Favorite Video Game Is Becoming A Movie — And He&#8217;s Watching Closely</a></li>
</ul>
The study was conducted by Benzinga from May 23, 2025, through May 27, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 161 adults.
Photo: Shutterstock

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Tesla The Best Elon Musk Company? 84% Say No — These 3 Rank Higher

International Data Corporation (IDC)&nbsp;Worldwide Quarterly Mobile Phone Tracker expects <a target="_blank" href="https://www.benzinga.com/topic/smartphones" rel="noreferrer noopener">global smartphone shipments</a> to grow 0.6% year over year to 1.24 billion in 2025.
IDC cut the forecast from 2.3% growth in February due to high uncertainty, tariff volatility, and macroeconomic challenges leading to a slowdown <a target="_blank" href="https://my.idc.com/getdoc.jsp?containerId=prUS53546025&amp;_gl=1&#x2A;n2cac9&#x2A;_ga&#x2A;NTUwMjgzMDg5LjE3NDg1MzMxODg.&#x2A;_ga_541ENG1F9X&#x2A;czE3NDg1MzMxODYkbzEkZzEkdDE3NDg1MzMxOTYkajUwJGwwJGgw" rel="noreferrer noopener">in consumer spending</a>.
Growth will remain in the low single digits throughout the forecast period, with a five-year (2024-2029) compound annual growth rate (CAGR) of 1.4% due to increasing smartphone penetration, lengthening refresh cycles, and cannibalization from used smartphones, as per IDC.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/45014074/apple-plans-iphone-shift-from-china-to-india-amid-tariff-pressures-geopolitical-risks" rel="noreferrer noopener">Apple Plans iPhone Shift From China To India Amid Tariff Pressures, Geopolitical Risks: Report</a>
Despite the increased tensions, the U.S. and China are driving the 0.6% growth this year, according to the report.
China is forecast to grow by 3% Y/Y, driven by government subsidies.
In contrast, Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is forecast to decline 1.9% in 2025 due to ongoing competition from Huawei, the overall economic slowdown, and the lack of subsidies for most of its models.
However, heavy discounts during the upcoming 618 shopping festival and the anticipated iPhone 17 launch with significant hardware upgrades are expected to boost demand and limit further decline, the report stated.
According to Anthony Scarsella of IDC, the U.S. Market is forecast to grow 1.9% in 2025, down from 3.3% in 2017, due to increased uncertainty and tariff-related price increases.
Recent signals from the U.S. administration regarding potential tariff hikes on smartphones manufactured outside the U.S. further complicate long-term strategic planning for OEMs, according to Nabila Popal&nbsp;of IDC. However, India and Vietnam will likely remain the key alternatives to China for smartphone production.
Still, additional tariffs of 20% to 30% on U.S.-bound smartphones could pose a serious downside risk to the current U.S. market outlook.
Price Action: AAPL stock is down 0.55% at $199.12 at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45572996/apple-likely-to-open-llms-integrate-gemini-on-iphone-at-wwdc-analyst" target="_blank" rel="noreferrer noopener">Apple Likely To Open LLMs, Integrate Gemini On iPhone At WWDC: Analyst</a></li>
</ul>
Image via Shutterstock

Apple iPhone Shipment Could Decline In 2025 As Tariff, Competition Play Spoil Sport: IDC

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<li>$BTC</li>
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C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) said that it was positioning itself to tap the $47 billion growing market of AI agents by 2030. The company also highlighted key achievements that were made in collaboration with its &#8220;army of partners.&#8221;
What Happened: The enterprise AI application pure-play announced strong fourth-quarter and full fiscal year 2025 results, revealing its Agentic AI solutions business is already annualizing at an impressive $60 million in recurring revenue.
Speaking during the company&#8217;s fourth quarter earnings call, Chairman and CEO Tom Siebel expressed strong confidence in C3.ai&#8217;s advantageous position.
&#8220;We have today, I think, over 100 Agentic AI solutions deployed out there in defense, in intelligence, in state government, in local government, in manufacturing, in oil and gas, in paper and pulp, and this is a large and rapidly growing business,&#8221; Siebel stated.
He added, &#8220;As of the fourth quarter, this is about a $60 million ARR business. We have, depending on how you count, someplace between 20 and 100 Agentic AI solutions out there in production, in the hands of happy customers.&#8221;
Siebel also said that the company was setting its sights squarely on the burgeoning Agentic AI market, a segment projected to reach a staggering $47.1 billion by 2030, according to Gartner. &#8220;We are well positioned to capitalize on this trend through our production ready solutions,&#8221; he said.
Furthermore, C3.ai highlighted its unique market position, with Siebel stating, &#8220;We&#8217;re the only enterprise AI application pure play that&#8217;s out there. We&#8217;re selling, I think, today in over 600 accounts as of today that we&#8217;re jointly selling with Microsoft.&#8221;
Citing its &#8220;army of partners,&#8221; Siebel highlighted the growth it has achieved because of them.
The robust partner ecosystem, including deepened alliances with Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure, Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS, Alphabet Inc.&#8216;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 Cloud, McKinsey&#8216;s QuantumBlack, and a new strategic alliance with PwC, collectively drove 73% of agreements in the past year.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45611941/quantum-computing-stocks-in-focus-pure-play-vs-large-caps-heres-a-look-at-the-valuations" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks In Focus: Pure Play Vs. Large Caps – Here's A Look At The Valuations</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45657936/c3-ai-stock-jumps-after-q4-results-top-estimates">C3.AI beat analyst estimates</a> on both the top and bottom lines for the fourth quarter. Its fourth quarter revenue came in at $108.7 million, versus estimates of $107.73 million, whereas it reported an adjusted loss of 18 cents, versus estimates of a 20-cent loss.
The company expects first-quarter revenue in the range of $100 million to $109 million, versus the estimates of $105 million. Its fiscal-year 2026 revenue is in the range of $447.5 million to $484.5 million, versus estimates of $467.19 million.
C3.ai shares dropped 3.76% on Wednesday and rose 12.42% in after-hours. It was 33.60% lower on a year-to-date basis and down 3.76% over a year.
Benzinga Edge Stock Rankings shows that C3.ai had a stronger price trend over the short and medium term but a weaker trend over the long term. Its momentum ranking was poor, and its value ranking was moderate at the 52.69th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-1024x138.png" alt="" class="wp-image-931024" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29040032/AI-EDGE.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.58% to $587.73, while the QQQ declined 0.44% to $518.91, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45604787/cathie-wood-reiterates-profound-ai-application-in-healthcare-as-researchers-discover-cancer-survival-outcomes-by-facial-photograph-analysis-here-are-the-stocks-that-could-benefit" target="_blank" rel="noreferrer noopener">Cathie Wood Reiterates ‘Profound' AI Application In Healthcare As Researchers Discover ‘Cancer Survival Outcomes' By Facial Photograph Analysis: Here Are The Stocks That Could Benefit</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: Poetra.RH / Shutterstock.com

Market Summary

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C3.ai Eyes $47 Billion Agentic AI Market By 2030 With $60 Million ARR: 'We Are Well Positioned To Capitalize,' Says CEO

Chinese AI startup DeepSeek, which triggered a <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">$600 billion drop</a> in Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market value with the release of its R1 model in January, has quietly launched an updated version of its reasoning model.
What Happened: The model, dubbed R1-0528, was uploaded in the early hours of Thursday to the developer platform Hugging Face without a formal public announcement, reported Reuters.
Despite the low-key release, the model quickly gained attention.
On the LiveCodeBench leaderboard—a benchmark created by researchers from UC Berkeley, MIT and Cornell—R1-0528 ranked just behind OpenAI's o4 mini and o3 models in code generation.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
It <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44625580/alibaba-steps-up-ai-game-with-qwen-3-challenging-deepseeks-low-cost-ai-success">also outperformed</a> xAI's Grok 3 mini and Alibaba Group Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Qwen 3, underscoring DeepSeek's rising status.
DeepSeek's more advanced model, R2, is still expected later this year, the report added.
Why It's Important: Following R1's release in January, major Chinese firms like Alibaba and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) have <a href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle">launched models that they</a> say outperform DeepSeek's.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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 also rolled out lower-cost Gemini access tiers, while OpenAI reduced pricing and introduced its o3 Mini model, designed to operate with reduced computational demands.
Previously, Demis Hassabis, CEO of Google DeepMind, acknowledged DeepSeek's AI model as arguably the most <a href="https://benzinga.com/markets/25/02/43586484/google-deepmind-ceo-calls-deepseek-ai-best-work-from-china-but-says-hype-is-overblown-theres-no-actual-new-scientific-advance">impressive to emerge from China</a>, while Alphabet CEO Sundar Pichai <a href="https://www.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency">downplayed the threat</a> posed by the startup.
After witnessing China's DeepSeek top the App Store with an AI product built by just 200 engineers, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella reportedly <a href="https://www.benzinga.com/25/03/44529954/microsoft-ceo-satya-nadella-admits-chinas-deepseek-was-a-wake-up-call-tells-employees-its-time-to-build-real-products-not-just-research-thats-the-new-bar-to-me">pushed his teams to deliver results</a> with similar speed and real-world impact.
Benzinga Edge Stock Rankings awarded NVDA an impressive growth score of 98.75%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other top-performing stocks such</a> as Alphabet, Alibaba, Tencent, Microsoft and more.
<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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29023210/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM-2.png" alt="" class="wp-image-930896" /></a></figure>
Photo Courtesy: mundissima on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BABA

TCEHY

China's DeepSeek Quietly Drops R1 AI Update That Nearly Matches OpenAI o4 Mini—And Beats Elon Musk's Grok 3 Mini

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will launch its Robotaxi service in Austin on June 12, with CEO Elon Musk confirming that the company is currently testing the Model Y.
What Happened: The June 12 date has been internally discussed, but it remains subject to change, according to an anonymous source familiar with the matter, as cited in <a href="https://www.bloomberg.com/news/articles/2025-05-28/tesla-targets-june-12-launch-of-robotaxi-service-in-austin">a</a> Bloomberg report on Wednesday.
The company recently tested a fully autonomous Tesla Model Y in Austin with no remote operations, with only a company engineer in the passenger seat, the source suggested.
Musk has said that the company would initially use vehicles from its line-up, like the Model Y, to operate the autonomous ride-sharing service before incorporating the Cybercab, which is a purpose-built, fully autonomous driving vehicle with no steering wheel or pedals.
Why It Matters: The report comes in as Musk had previously stated the company plans to launch the Robotaxi in Austin sometime towards <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">the end of June</a>, with over 10 Model Ys operating as Robotaxis initially.
<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">For the past several days, Tesla has been testing self-driving Model Y cars (no one in driver's seat) on Austin public streets with no incidents. A month ahead of schedule. Next month, first self-delivery from factory to customer.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1927970940874354941?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk has also said that the company has been testing self-driving Model Ys in Austin on public roads for &#8220;the past several days&#8221; in a post on the social media platform X on Thursday. Musk says that the vehicles were tested without any incidents. He has also echoed his previous comments, which said that Teslas could drive directly to people&#8217;s houses from the factory.
The robotaxi launch could provide Musk's EV giant with a much-needed boost as the company continues to grapple with sales declines globally, including Europe, where Tesla sales <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">experienced a 49% YoY plunge</a>.
However, Tesla&#8217;s plans to launch its robotaxi in Austin face stiff competition from Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo. Waymo is already an established player in the sector, with over 250,000 weekly rides.
Gerber Kawasaki&#8216;s CEO, Ross Gerber, suggests that the competition between Tesla and Waymo in Austin <a href="https://www.benzinga.com/markets/equities/25/05/45637969/tesla-waymo-to-face-first-head-to-head-competition-for-robotaxis-ross-gerber-says-ahead-of-austin-launch-fascinating-to-watch">could be &#8220;fascinating&#8221;</a> as the two companies operate using different approaches to autonomous driving.
Tesla favors a camera-based system for its FSD tech, which is a crucial element to the Robotaxi, while Waymo uses a LiDAR-based system. Musk <a href="https://www.benzinga.com/25/03/44529187/elon-musk-says-tesla-doesnt-need-lidar-because-people-dont-shoot-lasers-out-of-their-eyes-yet-his-ev-company-quietly-spent-over-2-million-on-the-technology-in-2024-as-china-takes-global-lead">has defended</a> Tesla&#8217;s decision not to use LiDAR for its Robotaxis and FSD, saying that the company doesn&#8217;t need LiDAR because &#8220;People don&#8217;t shoot lasers out of their eyes.&#8221;
Elsewhere, Waymo already operates in over four major cities in the U.S., including Austin. The company recently announced it reached the <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight">ten million paid autonomous rides milestone</a>, doubling its lifetime total of five million rides in five months.
Price Action: TSLA gained 2.9% in overnight trading, currently valued at $364.59, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tesla Targets June 12 For Robotaxi Launch In Austin, Elon Musk Says Company Ramped Up FSD Testing 'A Month Ahead Of Schedule'

<a href="https://www.youtube.com/watch?v=axaD_XOA-cI" title="https://www.youtube.com/watch?v=axaD_XOA-cI">https://www.youtube.com/watch?v=axaD_XOA-cI</a>

SNAP

President Trump Says TikTok Different Than Nippon; Would Need China Approval On TikTok; Think We Can Save TikTok

WASHINGTON, May 28 (Reuters) - The United States on Wednesday announced a new visa restriction policy targeting foreign nationals who "censor" Americans.
"It is unacceptable for foreign officials to issue or threaten arrest warrants on U.S. citizens or U.S. residents for social media posts on American platforms while physically present on U.S. soil," Secretary of State Marco Rubio said in a statement. He said it was "similarly unacceptable" for foreign officials to demand content moderation from American tech platforms.

Macro Economic Events

Politics

Economics

General

'Secretary of State Marco Rubio Says U.S. Announces Visa Restriction Policy Targeting Foreign Nationals Who "Censor Americans"; Unacceptable For Foreign Officials To Demand That U.S. Tech Platforms Adopt Global Content Moderation Policies' - Reuters News

<ul>
<li>NVDA</li>
<li>TSLA</li>
<li>UNH</li>
<li>BULL</li>
<li>GLD</li>
<li>MSTR</li>
<li>$BTC</li>
<li>GME</li>
<li>RDDT</li>
<li>GOOGL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

MSTR

RDDT

Top 10 Trending Stocks On WallStreetBets As Of May 28, 2025 (Via Swaggy Stocks)

Editor&#8217;s note: This article has been updated to reflect that Baidu&#8217;s robotaxi operations now cover 15 cities globally.
<a href="https://www.benzinga.com/topic/elon-musk">Elon Musk</a> has promised robotaxis every year since 2016 &#8211; and now, the latest vow is that Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will launch a fleet in Austin, Texas, by June. But while Tesla talks a big game, it is Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and Baidu Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) Apollo Go that are clocking miles and making money (or at least, showing a clear path to it).
<h2 class="wp-block-heading">Waymo's Mileage Speaks Louder Than Musk's Words</h2>
Alphabet&#8217;s Waymo recently crossed a massive milestone: 10 million paid robotaxi rides—double what it achieved five months ago.
With 250,000 weekly trips across San Francisco, Phoenix, Austin and Los Angeles, Waymo's service isn't in beta anymore—it's in people's daily lives.
While it's still not profitable, Waymo's infrastructure is bankrolled by Alphabet's deep pockets and growing investor confidence that it's just a matter of time before it becomes profitable.
Read Also: <a href="https://benzinga.com/tech/25/05/45512512/tesla-robotaxi-rival-waymo-announces-california-expansion-as-autonomous-taxi-race-heats-up">Tesla Robotaxi Rival Waymo Announces California Expansion As Autonomous Taxi Race Heats Up</a>
<h2 class="wp-block-heading">Baidu's Apollo Go Looks Beyond China</h2>
Over in China, Baidu isn't just playing catch-up—it's scaling fast. Apollo Go gave 1.4 million rides in the first quarter alone, is fully autonomous across 15 cities globally, and recently started testing in Dubai and Hong Kong.
Baidu's robotaxi operation has logged 11 million rides and now wants a piece of Europe, too. CEO Robin Li says Apollo Go is on a "clear path to profitability"—a claim that's not as speculative as it sounds given falling hardware costs and partnerships like the one with Chinese rental giant CAR.
<h2 class="wp-block-heading">Tesla's Turn—Or Another Detour?</h2>
Meanwhile, Tesla is gearing up for a limited robotaxi rollout in Austin—just 10 vehicles, all Model Ys running the upcoming "FSD Unsupervised" software. 
Musk has said that if this goes well, they'll scale quickly across LA and San Francisco. But even his supporters know the drill: the tech isn't there yet, and Tesla still requires human supervision. 
There's hope for a near-term stock pop, but few believe this will move the revenue needle meaningfully anytime soon.
Waymo and Apollo Go are already playing the Robotaxi endgame, while Tesla is still drawing up the board. Investors looking for substance over sound bites may want to look past the hype and focus on the players already on the road.
Read Also: 
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45612556/tesla-autonomous-driving-rival-pony-ai-to-expand-robotaxi-fleet-into-dubai-following-agreement-with-regulators">Tesla Autonomous Driving Rival Pony AI To Expand Robotaxi Fleet Into Dubai Following Agreement With Regulators</a></li>
</ul>
Photo: Shutterstock

Long Ideas

BIDU

Tesla Talks Big, While Alphabet And Baidu Surge Ahead In Robotaxi Race (CORRECTED)

OpenAI CEO Sam Altman reportedly shared plans to build a cluster of AI-powered devices in partnership with famed designer Jony Ive, with employees on Wednesday. 
What Happened: In a conversation with staff, Altman and Ive described their vision for compact, intelligent AI "companions" designed to fit smoothly into users&#8217; lives, according <a href="https://www.wsj.com/tech/ai/what-sam-altman-told-openai-about-the-secret-device-hes-making-with-jony-ive-f1384005">to</a> The Wall Street Journal. 
Confirming OpenAI's $6.5 billion <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45550033/openai-teams-up-with-iphone-designer-jony-ive-as-chatgpt-maker-makes-push-into-hardware-apple-shares-slide">acquisition of Ive's startup</a>, io, he called this move "the biggest thing we've ever done as a company here," the report said.
OpenAI did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
Hyper-aware of its surroundings, small enough to be put in a pocket or on a desk, and created to function as a third essential gadget alongside a laptop and phone, this "companion" will not be a smartphone or <a href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do">wearable glasses</a>. Instead, the object will be formulated to diminish users' dependence on screens altogether.
See Also: <a href="https://www.benzinga.com/tech/25/05/45637814/elon-musk-admits-he-spent-too-much-time-on-politics-after-tesla-sales-decline-in-multiple-regions">Elon Musk Admits He Spent &#8216;Too Much Time&#8217; On Politics After Tesla Sales Decline In Multiple Regions</a>
Why It Matters: According to Altman, the new project has the potential to alter how consumers interact with AI. He said the deal with Ive's company, which experts think could <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">pose a threat to Apple's dominance</a>, could add up to $1 trillion in value to OpenAI, the report added.
He also reportedly told employees that developing hardware was the only way to realize AI&#8217;s full potential and provide a direct connection to users, sidestepping intermediaries like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and 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>). "We both got excited about the idea that, if you subscribed to ChatGPT, we should just mail you new computers, and you should use those," Altman reportedly said.
OpenAI is <a href="https://www.benzinga.com/25/05/45340216/openais-ipo-ambitions-hang-in-the-balance-as-microsoft-negotiates-equity-report">not projected</a> to turn a profit until 2029, but Altman aims to ship these devices "faster than any company has ever shipped 100 million of something new before."&nbsp;
Altman said he and Ive realized that the <a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet">hardware available currently is simply not built for the kind of AI experiences they envision</a>. "It is not the sci-fi dream of what AI could do to enable you in all the ways that I think the models are capable of," he added. 
Read Next: <a href="https://www.benzinga.com/markets/equities/25/05/45637672/apple-ramps-up-india-manufacturing-as-us-iphone-imports-surge-76-in-april-while-shipments-from-china-plunge">Apple Ramps Up India Manufacturing As US iPhone Imports Surge 76% In April, While Shipments From China Plunge</a>
Photo Courtesy: Meir Chaimowitz on Shutterstock

OpenAI's Sam Altman Says $6.5B Deal With Jony Ive To Build AI 'Companions' Could Add $1 Trillion In Company Value: Report

As tech's most influential minds rethink the future of computing, their vision faces a market still not sold on the alternatives.
What Happened: Last week, in a video, Jony Ive, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) legendary former design chief, described smartphones and laptops as "legacy products," suggesting they no longer represent the future of computing.
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>) CEO Sundar Pichai echoed the sentiment in an <a href="https://www.theverge.com/decoder-podcast-with-nilay-patel/673638/google-ceo-sundar-pichai-interview-ai-search-web-future">interview</a> with The Verge's Nilay Patel that was published on Tuesday, noting, "At some point in the future, consuming content by pulling out this black glass display rectangle… is not the most intuitive way to do it."
Pichai acknowledged that computing will evolve to be more ambient and fluid, available "in multiple ways around you," from tablets to smart glasses. "It makes sense," he said, "but I think it's going to take some time."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox. Why It&#8217;s Important: While tech leaders envision a post-smartphone world, consumers aren't rushing to embrace the hardware pitched to replace it. Some attempts to disrupt the status quo have stumbled.
Humane's AI Pin promised a phone-free future but <a href="https://www.benzinga.com/tech/25/02/43803887/humanes-ai-pin-dubbed-as-potential-iphone-killer-dies-this-month-as-company-sells-to-hp-for-116-million-amid-poor-sales-and-scathing-reviews">flopped amid harsh reviews</a>, overheating issues, and low sales, ultimately leading to the company's acquisition by HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>).
Similarly, Rabbit's R1 generated buzz but remained niche, <a href="https://www.benzinga.com/news/24/04/38512965/youtube-tech-reviewer-mkbhd-deems-rabbit-r1-barely-reviewable-after-humane-ai-pin-takedown-its-just">offering limited functionality</a> versus existing smartphones.&nbsp;
AR/VR headsets like Apple's Vision Pro and Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Quest are advancing, yet still face challenges such as high costs, limited use cases, and physical discomfort.
Even stylish options like Meta's Ray-Ban smart glasses haven't broken into the mainstream <a href="https://www.benzinga.com/news/21/09/22898410/privacy-concerns-being-raised-over-new-facebook-smart-glasses">due to privacy concerns</a> and a lack of compelling features.
Alphabet received a growth score of 88.63% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with other companies</a> like Apple, Meta and HP.
<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/2025/05/28051821/Screenshot-2025-05-28-at-8.27.29%E2%80%AFAM-1.png" alt="" class="wp-image-929509" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</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: Rokas Tenys / Shutterstock.com

Apple's Former Design Chief Jony Ive Called Phones And Laptops 'Legacy Platforms:' Sundar Pichai Says Pulling Out A 'Black Glass Display Rectangle' Won't Make Sense Forever

The autonomous vehicle market is witnessing its first direct competition as Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) prepares to launch robotaxis in Austin next month while Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) <a href="https://www.benzinga.com/tech/25/05/45637208/tesla-robotaxi-rival-waymo-to-conduct-tests-in-multiple-cities-amid-us-autonomous-driving-push">Waymo expands testing across multiple U.S. cities</a>.
What Happened: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, characterized the Austin launch as a pivotal moment. 
&#8220;I find it fascinating to watch the different approaches to autonomy from Tesla and Waymo. With the launch of Austin, it&#8217;s the first head-to-head competition for robotaxis and how the business and economics evolve,&#8221; Gerber posted 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">I find it fascinating to watch the different approaches to autonomy from tesla and Waymo. With the launch of Austin, It's the first head to head competition for robotaxis and how the business and economics evolve. <a href="https://twitter.com/search?q=%24goog&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$goog</a> <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://twitter.com/search?q=%24uber&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$uber</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1927507157408174176?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The competition highlights contrasting strategies. Waymo operates a centralized approach with dedicated autonomous vehicles, while Tesla pursues a distributed fleet model using existing Model Y vehicles equipped with Full Self-Driving technology.
See Also: <a href="https://www.benzinga.com/media/25/05/45637684/after-the-delay-nvidias-blackwell-ai-servers-are-back-in-production-as-suppliers-foxconn-inventec-dell-and-wistron-fix-key-technical-issues-report">Nvidia&#8217;s Blackwell AI Servers Are Back In Production After Key Supply Chain Partners Like Foxconn Fix Overheating Issues: Report</a>
Why It Matters: Waymo recently announced <a href="https://www.benzinga.com/tech/25/05/45637208/tesla-robotaxi-rival-waymo-to-conduct-tests-in-multiple-cities-amid-us-autonomous-driving-push">reaching 10 million autonomous paid rides</a>, doubling that milestone in five months. The company is conducting &#8220;Road Trip&#8221; tests in San Antonio, Orlando, and Houston to enhance its autonomous driving capabilities beyond current operational cities.
However, Gerber remains skeptical of Tesla&#8217;s readiness. The investment manager recently criticized Tesla&#8217;s FSD 13.2.9 technology, citing mapping issues and erratic lane-changing behavior. &#8220;Google is better,&#8221; Gerber stated, referring to <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Waymo&#8217;s superior mapping technology</a>.
Gerber Kawasaki dumped over 26,000 Tesla shares in the first quarter of 2025, <a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">representing 10% of the firm&#8217;s stake</a>, according to Business Insider. Tesla CEO Elon Musk promises 10 to 20 Model Ys will function as robotaxis on launch day.
Read Next: 
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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: Ken Wolter / Shutterstock.com

Tesla-Waymo To Face 'First Head-To-Head Competition For Robotaxis,' Ross Gerber Says Ahead Of Austin Launch: 'Fascinating To Watch'

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) autonomous taxi provider Waymo is set to test its AV taxis in several U.S. cities as the company looks to bolster its position in the domestic autonomous driving sector.
What Happened: In a series of posts on social media platform X, Waymo announced that it would be heading to cities like San Antonio, Orlando and Houston as part of the company's "Road Trip" on Tuesday.
<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">Howdy, San Antonio! &#x1f920; The Waymo Driver is heading to your unique city for driving and exploration. See you on the roads. <a href="https://t.co/2tf7T7w9vG">pic.twitter.com/2tf7T7w9vG</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1927396588491600217?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<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">Orlando, get ready! &#x1f3a2; We&#39;re bringing the Waymo Driver to this hub of innovation and endless fun as part of our 2025 road trip. <a href="https://t.co/pI4KHGTYxA">pic.twitter.com/pI4KHGTYxA</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1927396004606701883?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Houston, we have liftoff! &#x1f680; Our 2025 road trip will be coming to your dynamic roads very soon. <a href="https://t.co/LOYSllqjLA">pic.twitter.com/LOYSllqjLA</a>
&mdash; Waymo (@Waymo) <a href="https://twitter.com/Waymo/status/1927395627056386204?ref_src=twsrc%5Etfw">May 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The "road trip" is Waymo's testing system that helps the company improve its autonomous driving capabilities by conducting tests across various cities where the company doesn't operate.
Why It Matters: The news comes in as Waymo is steadily bolstering its presence in the AV sector. Recently, the company announced it reached the <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight">10 million autonomous paid rides</a> milestone, which Waymo doubled in 5 months.
Waymo also <a href="https://www.benzinga.com/markets/equities/25/04/45090602/google-backed-waymo-and-toyota-forge-strategic-partnership-to-bring-autonomous-driving-tech-to-personally-owned-vehicles">partnered with Toyota Motor Corp</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) to develop autonomous driving technology with a key focus on bringing the self-driving capabilities for personal ownership.
The company has been a key player in the domestic autonomous driving market, but faces competition from companies like Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which itself is going to <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">launch its robotaxi</a> in Austin next month.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025-1024x196.jpg" alt="" class="wp-image-929321" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025-1536x294.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28024610/GOOGL-MAY-28-2025.jpg 1633w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo courtesy: Sundry Photography / Shutterstock.com

Tesla Robotaxi Rival Waymo To Conduct Tests In Multiple Cities Amid US Autonomous Driving Push

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>) CEO Sundar Pichai has firmly rejected the notion that anyone at Google can manually alter search rankings, even in response to President Donald Trump's <a href="https://www.benzinga.com/news/24/09/41079928/trump-vs-google-former-president-alleges-search-engine-bias-says-its-only-showing-bad-stories-about">complaints</a>.
What Happened: In a conversation <a href="https://www.theverge.com/decoder-podcast-with-nilay-patel/673638/google-ceo-sundar-pichai-interview-ai-search-web-future">with</a> The Verge's Nilay Patel, Pichai was asked about Trump's criticism of his search rankings and the President's desire for them to be altered.
When asked whether search results for Trump would ever be adjusted in response to his complaints, Pichai said, "No. Look, we have a&#8230; I can't&#8230; Today, the way Google Search works is that I cannot&#8230; No person at Google can influence the ranking algorithm."
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search">Alphabet &#8216;Well Positioned&#8217; For Google Search Dominance: Analyst Says Can &#8216;Navigate The Shift To AI Search&#8217;</a>
Why It's Important: Last year, Trump indicated that Google could face legal consequences, accusing the tech giant of interfering in the <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav">2024 presidential election</a> by manipulating search results.
He alleged that Google deliberately promoted negative coverage about him while giving greater visibility to favorable stories about former Vice President Kamala Harris.
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At the time, Google reaffirmed its previous stance and a company spokesperson said, "Both campaign websites consistently appear at the top of Search for relevant and common search queries."
After Trump won against Harris, Google contributed $1 million to support Trump's inauguration, aligning <a href="https://www.benzinga.com/tech/25/01/42898021/google-donates-1-million-to-trump-inauguration-plans-youtube-livestream-pleased-to-support">itself with other major donors</a> such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and others.
Alphabet has earned a growth score of 88.63% according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other companies</a>.
<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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27225919/Screenshot-2025-05-28-at-8.27.29%E2%80%AFAM.png" alt="" class="wp-image-929203" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: JHVEPhoto 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.

Sundar Pichai Says No One At Google Can Change Trump's Search Ranking — Not Even Him

On Tuesday, the Donald Trump administration reportedly halted the <a href="https://www.benzinga.com/25/05/45578777/trump-administration-revokes-harvards-ability-to-enroll-international-students-kristi-noem-alleges-coordination-with-chinese-communist-party">scheduling of new student</a> and exchange visitor visa appointments as it prepares to roll out expanded social media vetting.
What Happened: According to an internal State Department cable obtained by Reuters, the directive, issued by Secretary of State Marco Rubio, instructs U.S. embassies and consulates to pause new appointments for F, M, and J visas while officials conduct a review of screening procedures.
&#8220;The Department is conducting a review of existing operations and processes for screening and vetting of student and exchange visitor (F, M, J) visa applicants,&#8221; the cable reads. &#8220;Based on that review, [it] plans to issue guidance on expanded social media vetting for all such applicants.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/25/04/44816653/canada-eases-retaliatory-tariffs-on-us-goods-as-trade-tensions-thaw-under-softer-trump-stance-stocks-react" target="_blank" rel="noreferrer noopener">Canada Eases Retaliatory Tariffs On US Goods As Trade Tensions Thaw Under Softer Trump Stance: Stocks React</a>
While previously scheduled appointments may proceed, available slots not yet filled should be removed, the cable advises. A senior State Department official confirmed the order's authenticity, the report added.
Social media vetting refers to the review of a student's online activity across platforms such Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook, Instagram, Elon Musk's X (formerly Twitter), Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), ByteDance-owned TikTok and YouTube, a subsidiary of 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 to help determine their eligibility to study at universities in the U.S. State Department spokesperson Tammy Bruce declined to address the cable directly but underscored the administration's broader national security priorities.
"We will continue to use every tool we can to assess who it is that&#8217;s coming here, whether they are students or otherwise," Bruce said at a press briefing, the report said.
Why It's Important: On Tuesday, hundreds of demonstrators — including students and faculty at Harvard University — gathered on campus to show solidarity with international students and to oppose the Trump administration's reported attempts to <a href="https://www.benzinga.com/news/25/04/44916659/harvard-sues-trump-administration-for-attempting-to-withhold-billions-in-federal-grants-over-alleged-antisemitism-response">withdraw federal funding</a> from the school, the report noted.
Last week, the Trump administration took steps to strip Harvard University of its authority to admit international students — a group that accounts for roughly 6,800 individuals, or about 27% of the school's total enrollment.
Administration officials have stated that student visa and green card holders could face deportation for <a href="https://benzinga.com/markets/equities/25/05/45185889/trump-harvards-not-a-school-its-a-political-entity-that-should-be-taxed">expressing support for Palestinians</a> or criticizing Israel's actions in the Gaza conflict, framing such views as harmful to U.S. foreign policy and labeling them as pro-Hamas.
Critics argue this stance undermines First Amendment protections, calling it a direct <a href="https://www.benzinga.com/25/04/44855064/trump-administration-asks-irs-to-revoke-harvards-tax-exempt-status-after-president-accuses-ivy-league-university-of-pushing-sickness">attack on free speech</a>.
Photo Courtesy: Song_about_summer 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.

Government

Education

Trump Administration Freezes Student Visa Appointments, Will Step Up Social Media Surveillance Of Applicants

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a target="_blank" href="https://www.benzinga.com/topic/microsoft" rel="noreferrer noopener">showcased new products</a> and collaborations with OpenAI, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Elon Musk&#8217;s xAI. These companies target Microsoft Azure cloud computing infrastructure clients to sell AI models, the Financial Times <a target="_blank" href="https://www.ft.com/content/9f6225c5-38e7-46a1-a920-e05a9a8df319" rel="noreferrer noopener">reported</a> on Sunday.
Microsoft held its annual Build conference in Seattle, where it showcased a coding &#8220;agent,&#8221; among others.
Microsoft integrated OpenAI models into Microsoft products, such as the Copilot AI assistant. It also plans to offer OpenAI rivals Anthropic&#8217;s Claude Code and AI&#8217;s Grok AI models to its cloud computing customers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45590804/microsoft-clears-major-hurdle-as-ftc-ends-effort-to-block-activision-merger" rel="noreferrer noopener">Microsoft Clears Major Hurdle As FTC Ends Effort To Block Activision Merger</a>
Microsoft chief Satya Nadella said the technology industry was in the middle of &#8216;another platform shift,&#8217; drawing parallels with the transformation associated with the Internet.
OpenAI chief Sam Altman, Musk, and Nvidia chief Jensen Huang made virtual appearances during the conference.
After signing a Microsoft Azure Foundry deal, Musk said Microsoft customer feedback would influence xAI&#8217;s Grok models. Huang also announced its collaboration with Microsoft for an AI supercomputer.
Altman announced deep integration between its Codex coding agent and Microsoft GitHub&#8217;s computer programming tool.
Goldman Sachs analyst Kash Rangan told the Financial Times that Microsoft is the AI ringleader, indicating that it is the top platform and catalyst for making models work.
Microsoft stock surged 8% year-to-date, in contrast with the decline of the &#8220;Magnificent Seven&#8221; U.S. Big Tech stocks like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), as President Donald Trump&#8217;s tariff policies weighed on the U.S. stock market.
Amazon and Google also adopted Microsoft&#8217;s similar strategy. However, analysts vouched for Microsoft&#8217;s moat, backed by its suite of AI offerings.
Last week, Rangan said Microsoft Cloud <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45519467/microsofts-4-trillion-moment-is-now-in-sight-goldman-sachs" rel="noreferrer noopener">will generate over</a> $300 billion in revenue by fiscal year 2029, up from under $140 billion at present. Microsoft is using the same strategy of creating tiered pricing for its AI tools, which will lead to steady growth and stronger margins, according to the analyst.
As products like Microsoft 365 Copilot and Dynamics AI become more powerful, businesses may be more willing to pay for them, Rangan added.
Price Action: MSFT stock closed higher by 2.33% to $460.69 on Tuesday.
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Photo via Shutterstock

Microsoft Pulls Ahead In AI Race With Key Partnerships Across OpenAI, Nvidia, And Elon Musk's xAI

As Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gets set to report earnings on Wednesday, ETF investors are looking for more than just numbers, they are looking for big, bold, silicon-fueled signs. And nothing shouts &#8220;next catalyst&#8221; louder than Oracle Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) <a href="https://www.benzinga.com/markets/equities/25/05/45599854/oracle-to-spend-40-billion-on-nvidia-gb200-chips-for-openais-texas-data-center-report">$40 billion chip binge for its Texas-based OpenAI data center</a>.
The acquisition? Nvidia&#8217;s compute-dense Blackwell GPUs, which are aimed at powering the next wave of generative AI. The risk? Potentially huge for <a href="https://www.benzinga.com/etfs">chip-loaded ETFs</a>.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45627370/etf-showdown-voo-gains-billions-while-spy-ivv-bleed-cash">ETF Showdown: VOO Gains Billions While SPY, IVV Bleed Cash</a>
More Than Just Hype
Oracle&#8217;s giant order isn&#8217;t a shiny headline moment; it&#8217;s a warning sign that hyperscalers are going all-in on AI infrastructure, and Nvidia remains the only true arms dealer in this emerging digital arms race.
The acquisition may:
<ul class="wp-block-list">
<li>Solidify Nvidia&#8217;s status as the default provider of enterprise AI.</li>
<li>Encourage similar purchases by cloud competitors Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).</li>
<li>Cause a new rotation of capital into <a href="https://www.benzinga.com/topic/semiconductors">semiconductor and AI ETFs</a>.</li>
</ul>
ETF Exposure: Who&#8217;s Most At Risk, Or Reward?
Oracle&#8217;s $40 billion play set a fire under Nvidia, and these ETFs are leading the charge for the resulting heat:
VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>): Nvidia is its flagship, accounting for a ~21% weighting. A post-earnings rally ignited by the Oracle deal has the potential to rocket SMH into the stratosphere.
iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>): More diversified than SMH, yet Nvidia-dominant (~8–10%). Good upside if Nvidia&#8217;s earnings show the Oracle contract to its full extent.
Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>): Not technically semiconductors, but strongly AI-focused. The Oracle-Nvidia-OpenAI triangle is right in its thematic sweet spot.
Roundhill Generative AI &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHAT#NYSE">CHAT</a>): One of the more recent entrants to the market, purely dedicated to generative AI. Nvidia&#8217;s leadership in model training infrastructure makes CHAT happy, as the chip giant holds the top position in this fund&#8217;s portfolio.
Also Read: <a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results">Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here&#8217;s What Charts Show Ahead Of Q1 Results</a>
ETF Traders Are Watching Nvidia&#8217;s Guidance Like Hawks
The deal alone might not appear in full in Q1 figures, but traders are focused on Q2 and full-year guidance. If Nvidia is guiding for high revenue growth correlated to enterprise AI demand, it would provoke:
<ul class="wp-block-list">
<li>A turn back into semiconductors, particularly following recent margin concerns.</li>
<li>Thematic ETF flows, as fund managers pursue AI stories with worldwide tailwinds.</li>
<li>Risk repricing, with the Middle East, Oracle, and cloud providers now positioned as Nvidia&#8217;s growth drivers, instead of China.</li>
</ul>
The Catalyst May Already Be Here
For ETF observers, Nvidia&#8217;s report may be less about the last quarter and more about the Blackwell-driven future. The Oracle deal is huge, but if it is just the beginning, ETF traders may be onto a sector re-rating.
Because when a single tech giant spends $40 billion on chips, the ripple effect does not end at one stock, it resonates across an entire ecosystem of ETFs.
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Photo: Shutterstock

Sector ETFs

CHAT

ORCL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia's $40 Billion Oracle Win May Trigger A Chip-ETF Rally

JP Morgan analyst Harlan Sur maintained an Overweight rating on Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast of $130</a> on Tuesday.
This price forecast is based on Marvell&#8217;s strong market leadership in optical connectivity, synergies with its Storage, Networking, and embedded processing franchises, and its solid growth outlook in AI/Networking, Sur asserted.
Marvell will report earnings on Thursday, and Sur expects a continued volume ramp of Amazon.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Trainium 2 ASIC and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Axion ARM CPU programs, strong demand for its 800G products, and the initial ramp of 1.6T optical DSPs, combined with a continued cyclical recovery in its enterprise and carrier segments.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45565087/cramer-backs-marvell-again-as-ai-deals-with-amazon-microsoft-fuel-stock-surge" rel="noreferrer noopener">Cramer Backs Marvell Again As AI Deals With Amazon, Microsoft Fuel Stock Surge</a>
Overall, the analyst expects April quarter results ($1.875 billion, up 3% Q/Q) and July quarter guidance ($2.00 billion+, 7% Q/Q) to be in line with Sur and consensus estimates, with solid data center growth led by its AI ASIC ramps, growth in 800G/1.6T AI optical shipments, 400ZR shipments, and HDD/SSD controllers. He noted that the remainder of its business should drive a Q/Q growth profile on cyclical improvements/new product cycles.
Sur noted that Marvell&#8217;s Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) AI ASIC MAIA Gen 2-3nm program is on track to ramp in calendar year 2026. Marvell has also won the Gen 3 MAIA program and has already commenced early chip design activity, he stated.
The analyst said that 800G PAM4 optical DSP orders and shipments remain solid within Marvell&#8217;s optical business, with an increasing ramp of next-gen 1.6T DSP into the second half.
Sur noted that Marvell is tracking to drive $4 billion in AI revenues this year (ASICs + networking), up 2x+ Y/Y, with a strong growth profile into calendar year 2026.
In cyclical business, demand from enterprise networking (Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>)) remains healthy, and demand for carrier infrastructure is stabilizing, as per Sur.
In automotive, the divestiture of the auto business, expected to close in the calendar year 2025 ($225-$250 million revenue in the fiscal year 2026), is a revenue headwind but should be overall accretive to the Marvell&#8217;s earnings power by $0.05-$0.10, the analyst said. More importantly, he noted the custom data center and AI ASIC pipeline are continuing to expand.
Price Action: MRVL stock was trading higher by 5.69% to $64.15 at last check Tuesday.
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