Jayud Global Logistics Bolsa (NASDAQ: JYD)

Últimas noticias sobre Jayud Global Logistics (NASDAQ:JYD) Bolsa

Jayud Global Logistics

Jayud Global Logistics Ltd is a end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services. It offers freight forwarding services, (ii) supply chain management, and (iii) other value-added services.

Jayud Global Logistics Limited - Class A Ordinary Shares

Jayud Global Logistics Ltd

The gross proceeds of the Offering are expected to be approximately $20 million before deducting underwriting discounts and offering expenses, assuming no exercise of the over-allotment option. The Offering is expected to close on March 24, 2025, subject to the satisfaction of customary closing conditions.
The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "RCT" on March 21, 2025.

News

IPOs

Reported Earlier, RedCloud Prices $20M Initial Public Offering Of 4,444,445 Ordinary Shares At $4.50/Share

Fidelity National Financial, Inc., F&amp;G's majority-stockholder, has agreed to purchase 4,500,000 shares in the offering from the underwriters at the price per share paid by the underwriters of $33.60 per share. The offering is expected to close on March 24, 2025, subject to satisfaction of customary closing conditions.
F&amp;G intends to use the net proceeds of this offering for general corporate purposes, including the support of organic growth opportunities.

Reported Earlier, F&G Annuities Sets $35/Share Price In 8M Common Stock Offering, Closing Expected March 24

<ul>
<li>Phase III study showed sustained proteinuria reduction at one year with favorable safety1</li>
<li>Fabhalta is the only oral alternative complement pathway inhibitor thought to target the underlying cause of C3G1-3</li>
<li>C3G is an ultra-rare kidney disease typically diagnosed in young adults and often progresses to kidney failure2-4</li>
<li>Novartis continues to advance multiple kidney disease treatments with high unmet need, compounding capabilities and strengthening unique leadership presence</li>
</ul>

Reported Earlier, Novartis Secures Third FDA Approval For Oral Fabhalta In Rare Kidney Disease C3G

KITT

Reported Earlier, Nauticus Robotics Completes SeaTrepid Deal Early, Eyes Operational Growth

The gross proceeds to Dakota Gold from the Offering, before deducting expenses, will be approximately $35 million, or approximately $40 million if the Underwriters exercise the Option (as defined below) in full.
The Company expects to use the net proceeds of the Offering for working capital and other general corporate purposes.

Reported Earlier, Dakota Gold Prices $35M Public Offering Of 12.4M Common Stock

Gross proceeds to the Company, before deducting underwriting commissions and other offering expenses, are expected to be $16.5 million. We intend to use the net proceeds from this offering for working capital and general corporate purposes, including research and development, as well as marketing and sales of our products. The offering is expected to close on March 21, 2025, subject to the satisfaction of customary closing conditions.&nbsp;

Reported Earlier, Damon Prices Upsized $16.5M Public Offering Of 126.9M Units At $0.13 Per Unit

MCHP

Microchip Technology Prices $1.35B Offering Of Series A Preferred Stock Depositary Shares

The Securities and Exchange Commission clarified its position on cryptocurrency mining activities Thursday, asserting that they do not fall under federal securities laws.
What Happened: The SEC&#8217;s Division of Corporation Finance stated that proof-of-work mining activities, which involve using computational resources to validate blockchain transactions and getting rewarded, do not involve the offer&nbsp;and sale of securities. As a result, participants in these activities are not obligated&nbsp;to register transactions with the&nbsp;Commission under the Securities Act&nbsp;
The SEC&#8217;s perspective applied to two categories:&nbsp;self (or solo) mining on a PoW network, and mining pools, which combine computational resources to increase their chances of validating transactions.
Notably, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is the world's largest PoW network, followed by Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) respectively.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: This statement from the SEC comes on the heels of a series of cryptocurrency-friendly measures introduced by the regulator.
Last month, it clarified that <a href="https://in.benzinga.com/25/02/44032560/memecoins-like-trump-dogecoin-pepe-not-securities-says-the-sec-but-fraud-related-to-offer-and-sale-subject-to-enforcement">meme coins do not fall under the purview of federal securities laws</a>, although fraudulent activities involving them could still face legal consequences.
Earlier this week, Ripple CEO Brad Garlinghouse said that the<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44398151/ripple-ceo-announces-victory-as-sec-drops-appeal-in-xrp-lawsuit"> SEC dropped its appeal</a> in the XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) lawsuit, marking the end of a four-year legal battle. This was seen as a significant development for the crypto industry, as reported by&nbsp;<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44398151/ripple-ceo-announces-victory-as-sec-drops-appeal-in-xrp-lawsuit">Benzinga</a>.
The SEC has granted <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43883117/coinbase-ceo-brian-armstrong-says-sec-has-agreed-to-end-bogus-enforcement-case-without-penalties">similar relief</a> to cryptocurrency exchanges Coinbase, Robinhood Markets&#8217; cryptocurrency operations, Gemini, and decentralized cryptocurrency exchange Uniswap, aligning with President Donald Trump&#8217;s promise of fostering growth in the sector.
Price Action: Shares of Coinshares Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>), which provides exposure to public Bitcoin mining companies, closed 1.45% lower at $14.98 during Thursday&#8217;s regular trading session.
Photo by Gaston Cerliani on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Markets

$BTC

$DOGE

$LTC

$XRP

WGMI

Bitcoin Mining Activities Don't Breach Federal Securities Laws: SEC Clarifies Participants Need Not Register Transactions

On Thursday, Anthropic, backed by Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</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, announced that its Claude chatbot can now search the internet, bringing it in line with competitors like OpenAI's ChatGPT, Google's Gemini, and Mistral's Le Chat.
What Happened: The feature, currently in preview for paid users in the U.S., is available via Claude 3.7 Sonnet—the company's most advanced model.
Users can enable web search through profile settings in the Claude web app.
See Also: <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
"When Claude incorporates information from the web into its responses, it provides direct citations so you can easily fact-check sources," Anthropic said in a blog post. "Instead of finding search results yourself, Claude processes and delivers relevant sources in a conversational format."
Why It&#8217;s Important: The move marks a shift from Anthropic's earlier stance that Claude should be "self-contained." While web results were previously off-limits, competitive pressure appears to have changed that.
Anthropic's challenge now is to offer relevance without sacrificing accuracy.
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.
A <a href="https://www.cjr.org/tow_center/we-compared-eight-ai-search-engines-theyre-all-bad-at-citing-news.php">study</a> published earlier this month by the Tow Center for Digital Journalism found that AI chatbots, including ChatGPT and Gemini, gave incorrect responses to over 60% of queries involving news.
In March 2025, Anthropic <a href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs">raised $3.5 billion in a Series E funding</a> round, elevating its valuation to $61.5 billion.
Last month, the company also <a href="https://www.benzinga.com/markets/25/02/43753772/jeff-bezos-backed-anthropic-fights-us-proposal-blocking-google-from-investing-in-ai-startups-says-it-would-benefit-rivals-openai-mark-zuckerbergs-meta">filed a plea</a> with a federal court to challenge a U.S. government proposal that aimed to restrict Google&#8217;s investments in AI startups.
Image Courtesy: Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed" target="_blank" rel="noreferrer noopener">Apple Reportedly Fights UK Government&#8217;s ‘Unacceptable&#8217; Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

AMZN

GOOG

GOOGL

Anthropic Just Gave Claude Web Search Powers—Here's What It Means For AI Chatbot Wars Against ChatGPT, Gemini, And Mistral

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) CEO Chuck Robbins described unprecedented global enthusiasm for artificial intelligence development, with national leaders recognizing AI as a strategic priority.
What Happened: &#8220;In no initiative and no foundational technology that I&#8217;ve ever known since the internet has the world and the leaders realized the importance of artificial intelligence to them,&#8221; Huang said, in an <a href="https://www.cnbc.com/2025/03/20/nvidia-ceo-and-cisco-ceo-discuss-the-global-outlook-on-the-ai-arms-race.html">interview</a> with CNBC. 
Robbins expressed confidence in the President Donald Trump administration&#8217;s commitment to maintaining American AI dominance despite concerns about potential tariff impacts on semiconductor imports. 
&#8220;Based on the conversations I&#8217;ve had with the administration&#8230;they want to protect that lead, and they want us to win,&#8221; Robbins said. &#8220;I believe that their policies that they&#8217;re going to implement will ensure that happens.&#8221;
The comments come amid intensifying U.S.-China competition in AI development. The Trump administration recently backed &#8220;Stargate,&#8221; a $500 billion private-sector initiative involving OpenAI, SoftBank, and Oracle Corp. to build massive data centers in Texas, while simultaneously facing competition from Chinese firms like DeepSeek that are making technological advances despite U.S. export <a href="https://in.benzinga.com/startups/25/02/43420092/as-easy-as-it-can-be-trump-promises-ai-giants-support-with-500b-investment-plan-how-does-it-compare-with-deepseek">controls on advanced semiconductors</a>.
See Also: <a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
Why It Matters: The administration is also reviewing AI regulatory approaches following <a href="https://in.benzinga.com/markets/25/03/44300525/sam-altmans-openai-urges-trump-administration-for-rapid-ai-advancement-and-reduced-regulation">proposals from companies like OpenAI</a>, which has urged reduced regulation and highlighted potential threats from Chinese AI technology. High-level meetings between tech executives and Trump have included Michael Dell of Dell Technologies Inc., which projects its <a href="https://in.benzinga.com/25/03/44269039/michael-dell-joins-trump-elon-musk-for-high-stakes-ai-talks-as-dell-eyes-15-billion-in-server-business">AI server business</a> to reach $15 billion in fiscal year 2026.
Cisco and Nvidia announced a partnership to deliver AI technology to enterprises with new infrastructure. According to Huang, AI has &#8220;reinvented the entire computing stack&#8221; and requires a complete overhaul of enterprise systems. &#8220;We need to go and rerack the whole world&#8217;s companies,&#8221; Huang said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44429645/perplexity-ceo-says-app-will-make-apple-intelligence-work-amid-iphone-makers-ai-challenges">Perplexity Can Make &#8216;Apple Intelligence Work&#8217; Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

CSCO

DELL

NVDA

ORCL

Nvidia CEO Jensen Huang, Cisco's Chuck Robbins Tout AI's Global Impact: Trump 'Want Us To Win'

Former Treasury Secretary Larry Summers warned on Thursday that President Donald Trump&#8216;s tariff policies are creating a &#8220;self-inflicted wound&#8221; on the U.S. economy, pushing inflation up while threatening growth.
What Happened: &#8220;We should be focused on the fact that we had a shock that pushed inflation up and growth down. That&#8217;s a bad supply shock, a self-inflicted wound,&#8221; Summers wrote on X. &#8220;It tells us that policy is moving in the wrong direction. It&#8217;s a shot against the bow of the Donald Trump tariff policies.&#8221;
Summers highlighted that the Federal Reserve now views the economic landscape as &#8220;more uncertain and more problematic&#8221; for achieving its dual mandate of stable prices and maximum employment. His comments come as the central bank held interest rates steady at 4.25%-4.5% while maintaining a forecast of two potential rate cuts in 2025.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We should be focused on the fact that we had a shock that pushed inflation up and growth down. That&#39;s a bad supply shock, a self-inflicted wound. It tells us that policy is moving in the wrong direction. It&#39;s a shot against the bow of the <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> tariff policies,… <a href="https://t.co/wdW84SIFVx">https://t.co/wdW84SIFVx</a>
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1902777707626135570?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44429282/bitcoin-ethereum-dogecoin-erase-gains-even-as-trump-reiterates-crypto-capital-pledge-arthur-hayes-says-odds-are-shifting-more-bullish-for-btc">Bitcoin, Ethereum, Dogecoin Erase Gains Even As Trump Reiterates &#8216;Crypto Capital&#8217; Pledge: Arthur Hayes Says &#8216;Odds Are Shifting More Bullish&#8217; For BTC</a>
Why It Matters: The tariff situation has revived debate over inflation expectations. Fed Chair Jerome Powell described potential tariff-driven inflation as &#8220;transitory&#8221; – a term that drew criticism from senior economist Mohamed El-Erian, who called it a &#8220;big policy mistake&#8221; reminiscent of the Fed&#8217;s <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44410479/federal-reserve-brings-back-transitory-inflation-amid-tariff-war-economist-mohamed-el-erian-calls-it-a-big-policy-mistake">misjudgment in the early 2020s</a>.
&#8220;I would have thought that, particularly after the big policy mistake of earlier this decade and given all the current uncertainties, some Fed officials would show greater humility,&#8221; El-Erian said, noting businesses and consumers still remember the recent period of &#8220;high unanticipated inflation.&#8221;
This comes as economist David Rosenberg warned of a potential recession as early as July, pointing to the Fed&#8217;s projected 4.4% unemployment rate for 2025 – a significant increase from the <a href="https://www.benzinga.com/government/regulations/25/03/44415047/recession-will-rear-its-ugly-head-as-early-as-july-warns-expert-amid-two-rate-cuts-projected-for-2025-buy-bonds-on-dips">cycle low of 3.4% seen in April 2023</a>.
Meanwhile, the Organisation for Economic Co-operation and Development has slashed North America&#8217;s growth forecasts, projecting Mexico could face a 1.3% economic contraction while Canada&#8217;s growth may slow sharply to 0.7%. The organization cited escalating tariffs, persistent inflation, and policy uncertainty as key factors threatening <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44360564/trumps-tariffs-could-fuel-inflation-in-canada-mexico-warns-economic-expert">regional economic stability</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44429127/cathie-wood-bets-on-elon-musks-tesla-despite-cybertruck-recall-dumps-zuckerbergs-meta-shares-again">Cathie Wood Bets On Elon Musk&#8217;s Tesla Despite Cybertruck Recall, Dumps Zuckerberg&#8217;s Meta Shares Again</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Larry Summers Calls Trump Tariffs 'Self-Inflicted Wound' As Fed Navigates Inflation Worries: 'Policy Is Moving In Wrong Direction'

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan National Consumer Price Index (MoM) For February -0.1% Vs. 0.5% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For February 3.0% Vs. 2.9% Est.; 3.2% Prior

Kevin O'Leary, also known as "Mr. Wonderful," didn't hold back after Governor Tim Walz (D-Minn) took a swipe at Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declining stock.
What Happened: During an event on Tuesday, Walz joked that he gets "a boost" when checking Tesla's stock and seeing it down—an apparent dig at Elon Musk's increasingly close ties with the Donald Trump administration.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you need a little boost during the day, check out Tesla stock &#x1f4c9; <a href="https://t.co/KBEh6pOZLW">pic.twitter.com/KBEh6pOZLW</a>
&mdash; Tim Walz (@Tim_Walz) <a href="https://twitter.com/Tim_Walz/status/1902197581586833643?ref_src=twsrc%5Etfw">March 19, 2025</a></blockquote>
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However, the remark didn't sit well with "Shark Tank" star and investor O'Leary, who slammed the governor in a CNN segment. "That poor guy didn't check his portfolio and his own pension plan for the state," he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; Kevin O'Leary COOKED Tim Walz for his comments about Tesla stock earlier this week That poor guy didn&#39;t check his portfolio and his own pension plan for his state. It&#39;s beyond stupid what he did.&quot;<a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://t.co/AI41Kws7hn">pic.twitter.com/AI41Kws7hn</a>
&mdash; TESLARATI (@Teslarati) <a href="https://twitter.com/Teslarati/status/1902777853621530704?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44409706/tesla-crash-victims-families-demand-accountability-push-for-probes-free-from-elon-musks-interference-we-are-deeply-concerned">Tesla Crash Victims' Families Demand Accountability, Push For Probes Free From Elon Musk's Interference: ‘We Are Deeply Concerned…'</a>
O'Leary was pointing to a 2024 report from the Minnesota State Board of Investments that showed the state held 1.6 million shares of Tesla in its retirement fund, <a href="https://thehill.com/business/5205453-kevin-oleary-walz-tesla-stock/">noted</a> The Hill.
"What's the matter with that guy? He doesn't check the well-being of his own constituents?" O'Leary added. "What a bozo."
Why It's Important: Walz, who ran alongside former Vice President Kamala Harris in the 2024 presidential race, is now on a national speaking tour <a href="https://in.benzinga.com/news/25/03/44400609/hes-the-worst-business-executive-ive-ever-seen-says-tim-walz-reminds-trump-that-hes-the-one-who-signed-the-trade-deal-with-canada">criticizing the Trump administration's</a> policies—including Musk's role in the Department of Government Efficiency.
Tesla shares have struggled in recent months, down 37.71% year to date.&nbsp;
Earlier this week, a report highlighted a <a href="https://in.benzinga.com/markets/equities/25/03/44410602/elon-musks-tesla-faces-1-4-billion-discrepancy-in-capital-expenditure-report">$1.4 billion discrepancy</a> in Tesla&#8217;s capital expenditure, which has contributed to a significant drop in its market valuation from $1.7 trillion to under $800 billion.
Wedbush analyst Dan Ives has urged Musk to reaffirm his commitment to the company and <a href="https://in.benzinga.com/markets/25/03/44416941/top-analyst-urges-elon-musk-to-do-these-2-things-to-restore-investor-confidence-in-tesla">address concerns</a> over vehicle demand and pricing.
Despite these challenges, investors like Cathie Wood continue to <a href="https://in.benzinga.com/25/03/44429127/cathie-wood-bets-on-elon-musks-tesla-despite-cybertruck-recall-dumps-zuckerbergs-meta-shares-again">show confidence</a> in Tesla, with Ark Invest recently acquiring additional shares even amidst a recall of over 46,000 Cybertrucks.
Price Action: Tesla&#8217;s shares surged 0.17% during Thursday&#8217;s regular trading session, closing at $236.26. However, in after-hours trading, the stock dipped 0.51% to $235.06. Year-to-date, Tesla&#8217;s stock has declined 37.71%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44429586/tesla-stuns-with-surprise-late-evening-all-hands-meeting-elon-musk-says-hang-on-to-your-stock-touting-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Elon Musk Says &#8216;Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

TSLA

Kevin O'Leary Blasts Tim Walz's Dig At Tesla Stock — He's Mocking A Company His Own Pension Fund Invests In

Perplexity AI CEO Aravind Srinivas said on Thursday that &#8220;Perplexity will make Apple Intelligence work,&#8221; responding to a social media post suggesting the artificial intelligence startup should replace Siri on iPhones.
What Happened: The comment comes as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faces mounting criticism over its delayed AI initiatives and reported internal turmoil surrounding its Siri virtual assistant.
Apple&#8217;s AI efforts have reached what Bloomberg&#8217;s Mark Gurman described as a &#8220;crisis&#8221; point, with key executives including CEO Tim Cook, software chief Craig Federighi, and AI lead John Giannandrea reportedly sharing blame for failing to deliver promised features. The issues coincide with Apple&#8217;s annual <a href="https://in.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst">Top 100 executive retreat this week</a>.
The move follows admissions from Siri division senior director Robby Walker, who called the delays &#8220;ugly and embarrassing,&#8221; blaming premature marketing for <a href="https://in.benzinga.com/25/03/44345486/apple-scrambles-to-fix-siris-ugly-and-embarrassing-ai-failures-after-public-missteptop-executive-admits-marketing-it-too-soon-made-things-worse">features that weren&#8217;t ready</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Perplexity will make Apple Intelligence work. <a href="https://t.co/GzIrbdNczB">https://t.co/GzIrbdNczB</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1902756938078961758?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/large-cap/25/03/44426552/buffetts-berkshire-hathaway-outpaces-sp-500-with-best-2-month-run-since-2010">Buffett&#8217;s Berkshire Hathaway Outpaces S&amp;P 500 With Best 2-Month Run Since 2010</a>
Why It Matters: Meanwhile, Perplexity AI, backed by Jeff Bezos and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has been gaining momentum. The company recently launched an advanced assistant for Android devices and secured a major partnership with SoftBank Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), which deployed 7,000 sales team members to<a href="https://www.benzinga.com/markets/equities/25/03/44370200/softbank-signs-agreement-to-resell-perplexity-enterprise-pro-deploying-7000-sales-members-to-drive-adoption-in-japan"> drive enterprise adoption in Japan</a>.
Apple&#8217;s AI struggles have contributed to a 12.2% stock decline year-to-date, with Morgan Stanley recently lowering its price <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">target from $275 to $252</a>.
Despite the setbacks, Tim Cook expressed confidence in Apple Intelligence last October, stating the technology would make Apple products &#8220;profoundly different&#8221; and put users &#8220;on a different technology curve,&#8221; comparing its significance to the iPhone&#8217;s touch interface.
Apple faces intense competition in the AI space from 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>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), OpenAI, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44428778/retired-investor-with-13-year-vanguard-strategy-asks-where-do-i-go-in-vanguard-wants-out-of-tesla-and-meta-amid-market-fears">Retired Investor With 13-Year Vanguard Strategy Asks &#8216;Where Do I Go In Vanguard?&#8217; – Wants Out Of Tesla And Meta Amid Market Fears</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

MSFT

SFTBY

Perplexity Can Make 'Apple Intelligence Work' Says CEO Aravind Srinivas As iPhone Maker Attracts Criticism On Siri And AI Delays

A former sound engineer for Grammy award-winning rapper&nbsp;Eminem&nbsp;has been accused of leaking and selling the artist&#8217;s unreleased music for thousands in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Joseph Strange, a 46-year-old from Holly, Michigan, has been identified as the person violating copyright laws through the sale of unreleased music of Eminem, whose real name is Marshall Mathers III, according to an affidavit by the Federal Bureau of Investigation on Wednesday.
Strange had been employed at Eminem&#8217;s studio in Ferndale, Michigan, for a period of fourteen years, but was let go in 2021. 
The FBI said it searched Strange&#8217;s residence and seized evidence, including hard drives that contained copies of the unreleased music. The agency located several people who purchased the music from Strange, including one &#8220;Doja Rat,&#8221; who paid $50,000 in Bitcoin for approximately 25 songs. Doja Rat also said that Strange is heavily involved in Bitcoin.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
The illicit leaks and sales came to light in January, when current employees at Eminem&#8217;s studio stumbled upon his music being played on online platforms, such as Reddit and YouTube. Recognizing&nbsp;the music as unreleased versions, they&nbsp;reported it to the FBI.
The leaked tracks were played, shared, or sold online without the knowledge or approval of Eminem or&nbsp;the Interscope Capital Labels Group,&nbsp;the rights holder of Eminem&#8217;s music, the FBI said. The charges against Strange were brought by&nbsp;the U.S. Attorney's Office for&nbsp;the Eastern District of Michigan.
Price Action: At the time of writing, Bitcoin was exchanging hands at $84,640.90, down 1.67% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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Image source &#8211; Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Entertainment

Eminem's Unreleased Music Allegedly Sold Online By Ex-Sound Engineer For $50,000 In Bitcoin

Editor&#8217;s Note: This story has been updated to correct an error in Tesla&#8217;s price action.
On Thursday night, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) abruptly scheduled an all-hands meeting. The event was set to begin at 9:30 p.m. ET, but it didn't start until 9:58 p.m. ET.
What Happened: The presentation started with Tesla CEO Elon Musk praising the company's workforce. "Some of the finest people in the world work at Tesla, designing and manufacturing our incredible products. Thanks to you for everything you are doing, well done."
He then outlined key milestones achieved by the company, announcing that Tesla has now produced over 7 million vehicles globally. Looking ahead, Musk projected that Tesla will surpass the 10 million vehicle mark next year.
Musk went on to add that both manufacturing and servicing vehicles require overcoming significant challenges, but despite occasional turbulence, the future is "incredibly bright."
See Also: <a href="https://www.benzinga.com/media/25/03/44409706/tesla-crash-victims-families-demand-accountability-push-for-probes-free-from-elon-musks-interference-we-are-deeply-concerned">Tesla Crash Victims&#8217; Families Demand Accountability, Push For Probes Free From Elon Musk&#8217;s Interference: &#8216;We Are Deeply Concerned…&#8217;</a>
The Tesla CEO outlined his vision for a future of "sustainable abundance," underscoring the role of solar energy, battery storage, and AI in creating a world where resources are plentiful without compromising nature.
He reiterated Tesla's broader ambitions, including space travel and colonization of Mars.
Musk then highlighted Tesla's ongoing success, noting that Model Y became the best-selling vehicle in the world. He also celebrated Cybertruck's rapid rise as the top-selling electric pickup, Tesla's position as Europe's best-selling EV brand, and the company's growing presence in international markets, including Lithuania, Chile, and the Philippines.&nbsp;
&#8220;If you read the news, It feels like Armageddon,&#8221; he said, adding, &#8220;I can&#8217;t walk past the TV without seeing a Tesla on fire.&#8221;
Musk praised the upgraded Model 3 and reaffirmed the Cybertruck's five-star safety rating. He also defended the Tesla Semi factory, which some critics had dismissed as unfeasible.&nbsp;
He also pointed out that some investors, like ARK Invest CEO Cathie Wood, have already recognized the disruptive potential of Tesla's autonomous future. "What I am saying is, hang on to your stock."
Musk praised Tesla's extensive Supercharger network, which now allows seamless road trips across the U.S., Europe, China, and Australia. He said that Tesla's battery life is designed to exceed human endurance, stating, "The battery will last longer than your bladder—just plug in when you take a restroom break, grab a coffee, and you're back on the road."
He also said that Tesla&#8217;s Dojo supercomputer is making significant progress, with the Dojo first-generation now fully operational at Gigafactory New York and Palo Alto. The system is actively handling AI training workloads, currently accounting for approximately 5%—and nearing 10%—of Tesla's total AI training.
The company plans to introduce a more advanced version, expected to be "ten times" more powerful.
Musk then touted the rapid development of Optimus.
"Optimus has gone from an idea to the most sophisticated humanoid robot on Earth. There's nothing close to its level of sophistication," Musk said. He credited Tesla's expertise in AI, electric motors, batteries, and large-scale manufacturing as key factors enabling Optimus to be mass-produced at an affordable price.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla all-hands live presentation <a href="https://t.co/jQOt6WB2LN">https://t.co/jQOt6WB2LN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1902899450487455809?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
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Why It Matters: Earlier in the night, Business Insider <a href="https://www.businessinsider.com/tesla-springs-last-minute-public-all-hands-on-staffers-2025-3">reported</a> that Tesla employees were caught off guard as they were given little notice. Internal Microsoft Teams messages revealed that some employees were uncertain about the event's purpose and short notice.
The confusion only deepened when Tesla posted a livestream link ahead of the meeting, only to abruptly take it down about 30 minutes later.
The EV giant restarted the livestream shortly before the scheduled 9:30 p.m. ET start time, but it remained silent for at least 30 minutes. Musk tweeted a link to the event at 9:45 p.m. ET.
Price Action: Tesla's stock gained 0.17% on Thursday's regular session, closing at $236.26. In after-hours trading, it dropped 0.51%, reaching $235.06. Year-to-date, the company's shares have dropped 37.71%, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Image via Shutterstock
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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.

Elon Musk Says 'Hang On To Your Stock' In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo (CORRECTED)

Kekius Maximus (KEKIUS) meme coin woke up from slumber, skyrocketing over 70% Thursday, after tech mogul Elon Musk posted a photo referencing the cartoon character.
What happened: The Ethereum (CRYPTO)-based cryptocurrency jumped 75% in the last 24 hours, while its trading volume soared 197% to $18.73 million. Another popular frog-themed token, Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), also spiked nearly 7%, defying losses in the larger meme coins.
The rally followed Musk&#8217;s X post, which featured a DOGE plaque on an office desk, a &#8220;Make America Great Again&#8221; cap, and, more importantly, a framed photo of &#8220;Kekius Maximus&#8221; in the background.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/iKa4xKCWfR">pic.twitter.com/iKa4xKCWfR</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1902642215928656206?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
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Kekius Maximus—a combination of &#8220;Pepe the Frog&#8221; and "Maximus Decimus Meridius," the iconic character from the movie &#8220;Gladiator,&#8221; shot to prominence after <a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600">Musk used it as his X profile name</a> on Dec. 31, 2024. The meme coin accumulated millions in market capitalization.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
However, the gains were <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42758291/elon-musks-return-to-original-x-avatar-causes-coin-themed-on-kekius-maximus-to-crash-90-frog-themed-pepe-slips-as-well">swiftly erased</a> after Musk returned to his old avatar. Since then, the meme currency has had nothing much to talk about.
No prizes for guessing the image was generated through <a href="https://in.benzinga.com/politics/25/03/44319499/elon-musk-disapproval-rating-53-in-new-poll-62-say-tesla-ceo-doesnt-have-right-experience-to-make-changes-to-government">artificial intelligence</a>, but it was intended to demonstrate Musk&#8217;s efforts in his Department of Government Efficiency initiative.
Price Action: At the time of writing, KEKIUS was exchanging hands at $0.02871, up 75.08% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. PEPE traded at $0.000007704, up 6.97%.
Benzinga Note: Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.
Image via Shutterstock
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Movers

Trading Ideas

$PEPE

Elon Musk's New X Post Sends Kekius Maximus Soaring 75%—Frog-Themed Pepe Also Rallies

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, highlighted Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) struggling Cybertruck sales in a recent social media post, noting figures significantly below company projections.
What Happened: &#8220;Tesla has sold only 47k Cybertrucks total according to the recall notice. This is really bad for a product that was supposed to sell 250k units a year,&#8221; Gerber wrote Thursday on X.
His comments followed Tesla&#8217;s announcement of a recall affecting 46,096 Cybertruck vehicles due to safety concerns with the <a href="https://in.benzinga.com/markets/equities/25/03/44414187/elon-musks-tesla-recalls-over-46000-cybertrucks-due-to-safety-concerns">stainless-steel exterior trim panel that could detach</a> while driving. Tesla service centers will replace the rail assembly at no cost to owners.
This recall adds to mounting challenges for the electric vehicle manufacturer, which has faced multiple Cybertruck callbacks since its launch. Earlier this month, Tesla halted deliveries after reports of metal panels detaching in cold weather. According to BizzyCar, Tesla <a href="https://in.benzinga.com/markets/equities/25/03/44414187/elon-musks-tesla-recalls-over-46000-cybertrucks-due-to-safety-concerns">accounted for 21% of all U.S. vehicle</a> recalls in the first three quarters of 2024.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tesla has sold only 47k Cybertrucks total according to the recall notice. This is really bad for a product that was supposed to sell 250k units a year. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1902812229172596943?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/large-cap/25/03/44426552/buffetts-berkshire-hathaway-outpaces-sp-500-with-best-2-month-run-since-2010">Buffett&#8217;s Berkshire Hathaway Outpaces S&amp;P 500 With Best 2-Month Run Since 2010</a>
Why It Matters: The production setbacks come amid broader concerns about Tesla&#8217;s direction. Wedbush Securities analyst Dan Ives recently urged CEO Elon Musk to formally reaffirm his commitment to Tesla and outline clear plans for upcoming vehicle launches to <a href="https://www.benzinga.com/markets/25/03/44416941/top-analyst-urges-elon-musk-to-do-these-2-things-to-restore-investor-confidence-in-tesla">restore investor confidence</a>.
Tesla&#8217;s brand image has also suffered following Musk&#8217;s increased political activities, including his role in the Department of Government Efficiency in President Donald Trump&#8216;s administration. Protests have occurred at Tesla showrooms nationwide, with Gerber himself sharing footage of demonstrations <a href="https://in.benzinga.com/markets/equities/25/03/44350195/ross-gerber-shares-peaceful-display-of-distaste-for-elon-musk-in-santa-monica-his-9-year-old-observes-glad-we-dont-have-a-tesla">outside a Santa Monica location</a>.
Tesla shares have declined nearly 50% since mid-December, with JPMorgan Chase analysts warning Wednesday that Tesla has &#8220;lost too much brand value too quickly&#8221; and could face its lowest <a href="https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead">quarterly deliveries since 2022</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Cybertruck Sales At Just 47K Is 'Really Bad' For 250K Target, Says Ross Gerber Amid Recall Troubles

U.S. stocks closed lower on Thursday, with the Dow Jones finishing nearly unchanged at 41,953.32. The NASDAQ slipped 0.3% to 17,691.63, while the S&amp;P 500 declined 0.2% to end at 5,662.89.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nike Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)
Nike&#8217;s stock fell by 1.55%, closing at $71.86. The stock reached an intraday high of $73.65 and a low of $71.52. Over the past year, it has seen a high of $101.92 and a low of $68.62. Nike shares slipped 5.2% in the after-hours trading. The company reported <a href="https://www.benzinga.com/general/sports/25/03/44426104/nike-q3-earnings-revenue-beat-eps-beat-inventories-down-2-we-are-on-the-right-path">third-quarter revenue</a> of $11.27 billion, surpassing analyst expectations of $11.01 billion. Earnings per share were 54 cents, beating the forecast of 28 cents per share.
Quantum Computing Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)
Quantum Computing&#8217;s stock plummeted by 11.71%, closing at $7.39. The day&#8217;s high was $8.37, with a low of $7.06. Its 52-week high and low are $27.15 and $0.35, respectively. The company reported <a href="https://in.benzinga.com/news/earnings/25/03/44426530/quantum-computing-stock-tumbles-on-q4-earnings-the-details">fourth-quarter</a> operating expenses of $8.9 million, up from $6.6 million the previous year. It ended the quarter with $78.9 million in cash and equivalents. Quantum Computing shares declined by another 13.13% in after-hours trading following the earnings release.
FedEx Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)
FedEx shares decreased by 0.37%, closing at $246.21. The stock&#8217;s intraday high was $250.2, with a low of $243.01. Its 52-week range is between $313.84 and $239.50. The stock fell 5.6% in the after-hours trading. The company reported quarterly <a href="https://in.benzinga.com/news/earnings/25/03/44425552/fedex-shares-fall-after-q3-earnings-miss-lower-fy25-revenue-forecast">earnings of $4.51 per share</a>, missing the consensus estimate of $4.54. However, revenue was $22.2 billion, exceeding expectations of $21.89 billion. FedEx also lowered its FY25 revenue forecast.
D-Wave Quantum Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)
D-Wave Quantum&#8217;s stock dropped by 18.02%, closing at $8.69. The stock hit a high of $11.25 and a low of $8.27 during the day. Its 52-week high and low are $11.95 and $0.75, respectively. The company unveiled a <a href="https://www.benzinga.com/25/03/44420034/d-waves-new-blockchain-architecture-could-slash-energy-usage-by-1000x">new blockchain architecture</a> designed to reduce energy usage by 1000x. This system integrates quantum computing with blockchain processes, enhancing security and efficiency. D-Wave presented this breakthrough in a recent research paper. The shares declined 3.6% in the after-hours trading.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock saw a slight increase of 0.17%, closing at $236.26. The intraday high was $238, with a low of $230.05. The stock&#8217;s 52-week high and low are $488.54 and $138.8, respectively. Tesla is facing a $1.4 billion <a href="https://www.benzinga.com/markets/equities/25/03/44410602/elon-musks-tesla-faces-1-4-billion-discrepancy-in-capital-expenditure-report">discrepancy in capital expenditure</a> over the last six months of 2024. Tesla&#8217;s market valuation has dropped from $1.7 trillion to under $800 billion.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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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>

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