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WM Tech

WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business. Its revenues are derived primarily from monthly subscriptions to Weedmaps for Business, featured and deal listings and other WM Ad solutions. The Weedmaps for Business subscriptions generally have one-month terms that automatically renew unless notice of cancellation is provided in advance. Featured and deal listings and other WM Ad solutions are offered as add-on products to the Weedmaps for Business subscriptions. Featured and deal listings provide customers with premium placement ad solutions and discount and promotion pricing tools. Other WM Ad solutions include banner ads and promotion tiles on our marketplace ads.

WM Technology

WM Technology, Inc. - Class A Common Stock

WM Technology Inc

MAPS

Preliminary Fourth Quarter 2024 Results
<ul>
<li>Revenue of $150.1 to $150.5 million, with hardware sequentially higher and consumables sequentially lower compared to the third quarter of 2024</li>
<li>GAAP gross margin of 46.0% to 46.5%, non-GAAP gross margin of 49.4% to 49.7%.</li>
<li>GAAP operating loss of $13.3 to $14.4 million, non-GAAP operating income of $9.0 to $9.5 million</li>
<li>GAAP net loss of $15.3 to $16.5 million, non-GAAP net income of $8.1 to $8.6 million</li>
<li>Adjusted EBITDA of $14.2 to $14.6 million</li>
<li>Positive cash flow from operating activities</li>
</ul>

News

SSYS

Stratasys Reports Preliminary Q4 2024 Revenue Of $150.1M–$150.5M (Vs. $149.348M Est.), Net Income Of $8.1M–$8.6M (Non-GAAP)

Nuveen California Dividend Advantage Municipal Fund 2

Reported Sunday, NOVONIX Supports ITC's Decision In Graphite Trade Dispute, Pushing For Fair Market Conditions

IDCC

InterDigital Files Patent Lawsuits Against Disney, Alleging Infringement By Disney+, Hulu, and ESPN+

<ul>
<li>The Company will notify Nasdaq about the exact date and provide an official update once confirmed. FF aims to inform shareholders as soon as possible to ensure global awareness of this important update.</li>
<li>FF is making significant progress in developing its All-AI Mobility Ecosystem, including Personalized AI and Bespoke AI initiatives. The AI-driven in-vehicle interaction system, built on large-model architecture, is in the final stages of R&amp;D and could be integrated into the FF 91 2.0 in the near future and upcoming FX models.</li>
<li>FF plans to expand its AI R&amp;D efforts and input, recruiting AI talents.</li>
</ul>

FFIE

Faraday Future To Adopt New Ticker Symbol "FFAI" On March 10, Reinforcing Its AI-Driven Strategy

U.S.-listed Chinese EV startups Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) reported their January delivery numbers over the weekend, with Xpeng topping the three.
Li Auto Witnesses YoY Drop: Li Auto said it delivered 29,927 vehicles in January, marking a 4% drop in sales year-over-year and a whopping 49% <a href="https://www.benzinga.com/25/01/42758540/us-listed-chinese-ev-startups-clock-delivery-growth-in-december-li-auto-tops-the-chart-mona-m03-spurs-xpeng-nios-onvo-breaches-10000-monthly-delivery-milestone">dip from December</a> when it delivered 58,513 vehicles.
XPeng Mona M03 Deliveries Exceed 15k Units: XPeng witnessed a jump of 268% year-over-year. The company delivered 30,350 vehicles last month, marking a drop of 17.3% from December.
The Guangzhou-based EV startup said that&nbsp;its deliveries of the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/07/39618570/xpeng-debuts-mona-series-with-m03-with-official-launch-in-august-report" target="_blank" rel="noreferrer noopener">XPeng Mona M03&nbsp;</a>hatchback coupe alone exceeded 15,000 units.
Nio Pushes Ahead With ONVO: Shanghai-based Nio, meanwhile, delivered 13,863 vehicles in January, including 7,951 NIO brand vehicles and 5,912 ONVO brand vehicles. This is a 55.5% drop from December delivery numbers but a 38% rise from January 2024 sales.
Nio launched its&nbsp;<a href="https://www.benzinga.com/tech/24/12/42681165/nios-onvo-brand-helps-spur-delivery-growth-with-cheaper-offering" target="_blank" rel="noreferrer noopener">lower-priced EV brand Onvo</a>&nbsp;in May. The brand started selling its first vehicle- the Onvo L60 – only in late September.
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>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/02/43419132/tesla-begins-global-production-of-refreshed-model-y-deliveries-start-in-march">Tesla Begins Global Production Of Refreshed Model Y, Deliveries Start In March</a></li>
</ul>
Photo courtesy: Xpeng

Tech

XPEV

Tesla Rival Xpeng Outpaces Li Auto, Nio In January Despite Sales Dip From December

Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares dropped over 4% overnight on the <a href="https://robinhood.com/us/en/stocks/PLTR/">Robinhood</a> platform, ahead of its fourth-quarter earnings report on Monday. This decline came after a sharp drop in index futures, triggered by President Donald Trump&#8216;s decision to impose <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">tariffs</a> on Canada, China, and Mexico over the weekend.
What Happened: After hitting a record high of $85.22 intraday, Palantir stock settled at $82.49, up 1.56% on Friday. It rose further by 0.09% in after-hours. On Robinhood, the stock was trading 4.16% lower during the publication of this article.
A leader in AI-powered data analytics, Palantir provides critical tools to government clients for intelligence, counterterrorism, and military applications.
However, despite the Chinese AI startup, DeepSeek-led frenzy in the U.S. market last week, the shares of PLTR gained 11.68% in the last five trading sessions. It was also the top performer on the S&amp;P 500 index in 2024.
Technical analysis of its daily moving averages shows a strong bullish trend for the stock with potential overbought conditions.
PLTR shares closed Friday at $82.49, significantly above its eight-day simple moving average of $79.25, and 20-day average at $74.18. Also, much above its 50 and 200-day averages of $72.66, and $41.72, respectively, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The relative strength index of 63.91, even though in the neutral zone, suggests the possibility of price correction in the near future.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis-1024x576.png" alt="" class="wp-image-761750" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003151/PLTR-Tech-analysis.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/news/25/01/43388482/after-imposing-tariffs-on-canada-donald-trump-threatens-100-levy-on-brics-for-move-against-dollar-ho">After Imposing Tariffs On Canada, Donald Trump Threatens 100% Levy On BRICS For Move Against Dollar: &#8216;How Will US Manage Production From Slippers To Ships?,&#8217; Asks Expert</a>
Why It Matters: PLTR will report its fourth-quarter earnings after market hours on Monday. According to <a href="https://www.benzinga.com/quote/PLTR/earnings">Benzinga&#8217;s consensus estimates</a>, the company is expected to report earnings of $0.11 per share on the revenue of $775.91 million.
The company has exceeded Benzinga&#8217;s earnings and revenue <a href="https://www.benzinga.com/quote/PLTR/earnings">estimates</a> in seven out of the last 10 quarters.
Palantir CEO Alex Karp recently warned of DeepSeek&#8217;s competitive challenge in AI, calling for a coordinated U.S. response to safeguard its technological edge in an <a href="https://www.cnbc.com/2025/01/31/palantir-ceo-says-chinas-deepseek-shows-need-for-all-country-effort.html">interview</a> with CNBC. 
New tariffs, effective Tuesday, will impact roughly <a href="https://www.benzinga.com/news/25/02/43425796/el-erian-warns-of-consequential-uncertainties-in-trumps-new-tariff-impact">a third of U.S. imports</a>, potentially raising prices across sectors from agriculture to automobiles. The U.S. Chamber of Commerce has <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">warned</a> of supply chain disruptions and higher costs for families, citing concerns about agricultural imports from Mexico worth $46 billion and energy trade with Canada valued at $97 billion. Additionally, a 10% tariff will be levied&nbsp;on Chinese goods imported into&nbsp;the United States.
PLTR has a consensus ‘sell&#8217; with a price target of $39.38, according to the 22 analysts <a href="https://www.benzinga.com/quote/PLTR/analyst-rating">tracked by Benzinga</a>. The high target is $90, and the low is $7.5. Recent ratings by Wedbush, Cantor Fitzgerald, and Morgan Stanley suggest a $74 target, implying a 10.37% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-rating"><img loading="lazy" decoding="async" width="1024" height="384" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003111/PLTR-ANR-FInal-1024x384.png" alt="" class="wp-image-761749" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003111/PLTR-ANR-FInal-1024x384.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003111/PLTR-ANR-FInal-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003111/PLTR-ANR-FInal-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03003111/PLTR-ANR-FInal.png 1057w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43379151/mastercard-vs-visa-should-you-buy-sell-or-hold-heres-what-technical-analysis-suggest">Mastercard Vs. Visa: Buy, Sell Or Hold? Here&#8217;s What Technical Analysis Suggest</a></li>
</ul>

Earnings

Equities

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Macro Economic Events

Market Summary

Regulations

Futures

Economics

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General

PLTR

Palantir Technologies Plunges Overnight On Robinhood: Trump Tariff Impact Or Investor Jitters?

The cryptocurrency market saw multiple headwinds last week, resulting in a large decline in market value. However, a few coins overcame the slump to post significant gains.
What happened: HYPE, the native token of the decentralized exchange Hyperliquid, topped the biggest gainers list, rallying 7.5% over the week. The coin accumulated massive gains of 586% over the last year
Hyperliquid is a decentralized trading platform that utilizes its own Layer-1 blockchain.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based DEXE token was the second-highest gainer, marginally trailing HYPE in weekly returns. Like HYPE, DEXE was coming off a successful 2024, with a 625% increase over the year.
DeXe is the governance token of the DeXe Protocol—a tool used for creating and governing decentralized autonomous organizations.&nbsp;
Similarly, OM, the token associated with the layer-1 blockchain MANTRA, rallied over 6% to become the third-most cryptocurrency in the last 24 hours. The cryptocurrency hit a record high of $5.87 last week and is one of the few to record sizable year-to-date gains, at nearly 29%.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Hyperliquid (HYPE)</td>
<td>+7.56%</td>
<td>$22.58</td>
</tr>
<tr>
<td>DeXe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">DEXE</a>)</td>
<td>+7.41%</td>
<td>$21.22</td>
</tr>
<tr>
<td>MANTRA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/om/usd">OM</a>)</td>
<td>+6.28%</td>
<td>$4.97</td>
</tr>
</tbody>
</table>
</figure>
Elsewhere, the market didn't paint a rosy picture. Blue-chip coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) sank 7.11% and 20.56%, respectively.
XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) also corrected sharply on Sunday, bringing their weekly losses to 26.56% and 15.25%.
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/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">Elon Musk Says Treasury Officials &#8216;Breaking The Law Every Hour&#8217; By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix</a>
XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) also corrected sharply on Sunday, bringing their weekly losses to 26.56% and 15.25%.
Meme coin heavyweights also bled profusely, with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) falling 28.93% and 19.65%, respectively.
Two significant events jolted capital markets last week. First, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43248978/could-bitcoin-see-a-deeper-dip-on-the-deepseek-ai-shock">China&#8217;s groundbreaking AI</a> model DeepSeek threatened the supremacy of U.S.-based IT behemoths, and second, President Donald Trump&#8217;s <a href="https://www.benzinga.com/news/global/25/02/43423781/trumps-trade-tariffs-to-close-e-commerce-loophole-favoring-chinese-online-retailers">tariff conflict</a> with neighboring countries such as Canada and Mexico.
Overall, the total cryptocurrency market capitalization fell 11.66% over the week to $3.03 trillion.
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43423466/how-does-pete-hegseth-feel-about-bitcoin-his-financial-filings-reveal-the-answer">How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer</a></li>
</ul>

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

Cryptocurrency

$BTC

$DEXE

$DOGE

$ETH

$SHIB

$SOL

$XRP

Bitcoin, Dogecoin Ended Last Week On A Gloomy Note But These Coins Remained Resilient

Econ #s

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index (PMI) For January 50.1 Vs. 50.6 Est.; 50.5 Prior

Reported Earlier, Australia's Building Approvals (MoM) For December 0.7% Vs. 0.9% Est.; -3.4% (Revised) Prior

Reported Earlier, Australia Retail Sales (MoM) For December -0.1% Vs. -0.7% Est.; 0.8% Prior

Former White House Council of Economic Advisers Chair Jason Furman has pointed out potential discrepancies in Tesla Inc. CEO Elon Musk&#8216;s recent claims regarding federal spending reductions and the <a href="https://www.benzinga.com/startups/25/01/43391017/2-trillion-by-2026-elon-musks-ambitious-push-to-reinvent-government-spending-with-silicon-valley-powerhouses">proposed fiscal targets</a>.
What Happened: In a response on X to Musk&#8217;s statement about reaching &#8220;$4B/day FY2026 reduction,&#8221; Furman calculated that such cuts would amount to approximately $1.5 trillion annually. This would represent a 30% reduction in government spending, excluding interest and Social Security benefits from the expected $4.8 trillion federal expenditure.
The exchange comes amid Musk&#8217;s broader initiative through the Department of Government Efficiency (DOGE), which aims to cut $2 trillion from the <a href="https://www.benzinga.com/startups/25/01/43391017/2-trillion-by-2026-elon-musks-ambitious-push-to-reinvent-government-spending-with-silicon-valley-powerhouses">federal budget by 2026</a>. The project has assembled notable Silicon Valley figures, including venture capitalist Marc Andreessen and former Uber CEO Travis Kalanick.
During an X broadcast interview with political strategist Mark Penn, Musk acknowledged the ambitious nature of the target, stating, &#8220;We&#8217;ll aim for $2 trillion&#8230; If we target $2 trillion, I think there&#8217;s a strong chance we can achieve $1 trillion in spending cuts.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More math (before I hopefully go back to restraining myself): $4b/day is $1.5T per year. The Federal government was expected to spend $4.8T (excluding interest &amp; Social Security benefits). So Musk is claiming a 30% cut in govt spending. (And it is currently FY2025.) <a href="https://t.co/pZfhY23FMl">https://t.co/pZfhY23FMl</a>
&mdash; Jason Furman (@jasonfurman) <a href="https://twitter.com/jasonfurman/status/1886051965936767025?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43425232/gary-black-warns-teslas-18-export-volume-at-risk-amid-trump-tariffs-full-scale-retaliatory-trade-war-possible">Gary Black Warns Tesla&#8217;s 18% Export Volume At Risk Amid Trump Tariffs: &#8216;Full-Scale Retaliatory Trade War&#8217; Possible</a>
Why It Matters: The initiative faces significant challenges, according to experts. Richard J. Pierce, a Professor of Law at George Washington University, cautioned in the NYU Journal of Legislation and Public Policy that federal budget cuts could have far-reaching consequences. &#8220;Government spending is tied to laws, policies and public programs that people depend on,&#8221; Pierce noted.
While Social Security and Medicare are reportedly protected from cuts, questions remain about where the reductions would come from. The initiative has set July 4, 2026 – America&#8217;s 250th independence anniversary – as its target date for achieving these ambitious fiscal goals.
The project&#8217;s success could have significant implications for market investors, particularly in sectors heavily dependent on federal spending, such as healthcare, which comprised 17.6% of GDP in 2023 according to the Centers for Medicare &amp; Medicaid Services, and defense contracting.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/25/02/43425796/el-erian-warns-of-consequential-uncertainties-in-trumps-new-tariff-impact">Mohamed El-Erian Won&#8217;t Say How Inflationary Trump&#8217;s Tariff&#8217;s Will Be: Here&#8217;s Why</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.

Elon Musk's Daily $4 Billion DOGE Target Will Lead To 30% Cut In Federal Spending, Says Economist Jason Furman

OpenAI is contemplating a shift in its open-source strategy as it faces <a href="https://www.benzinga.com/news/25/01/43354099/openai-alleges-deepseek-used-proprietary-models-without-permission-as-microsoft-investigates-ai-secu">mounting competition from</a> Chinese companies like DeepSeek.
What Happened: On Friday, during a Reddit AMA, OpenAI CEO Sam Altman acknowledged that DeepSeek has narrowed OpenAI&#8217;s lead in AI.
"I personally think we have been on the wrong side of history here and need to figure out a different open source strategy," he stated, adding, "Not everyone at OpenAI shares this view, and it's also not our current highest priority."
See Also:&nbsp;<a href="https://www.benzinga.com/25/02/43425534/linkedin-and-indeed-are-finally-holding-employers-accountable-new-ai-tools-will-show-job-seekers-their-chances-of-getting-a-response" target="_blank" rel="noreferrer noopener">14 Million Job Seekers Didn't Hear Back From Potential Employers In Just A Single Quarter Last Year: Now LinkedIn Is Moving To Change That With AI Help</a>
&#8220;We will produce better models [going forward], but we will maintain less of a lead than we did in previous years.&#8221;
Kevin Weil, OpenAI&#8217;s chief product officer, mentioned the possibility of open-sourcing older models that are no longer cutting-edge.
OpenAI is also exploring ways to reveal more about its models&#8217; reasoning processes, a move influenced by DeepSeek&#8217;s transparent approach.
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 Matters: The shift in OpenAI&#8217;s strategy comes amid a broader debate over open-source versus closed-source AI models.
Elon Musk and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg has criticized <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f">closed model providers like OpenAI</a> for lobbying against open source AI.
This debate intensified when Meta supported Musk&#8217;s stance against <a href="https://www.benzinga.com/24/12/42495758/elon-musk-finds-an-unlikely-ally-in-mark-zuckerbergs-meta-in-his-fight-against-sam-altmans-openai">OpenAI&#8217;s for-profit transition</a>.
Despite the competition from DeepSeek, OpenAI&#8217;s valuation remains strong. Earlier this month, it was reported that SoftBank Group was reportedly in talks to lead a $40 billion funding round for OpenAI, valuing the <a href="https://www.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">company at $300 billion</a>.
Photo courtesy: Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks</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.

DeepSeek Impact Makes OpenAI Rethink Open Source — Sam Altman Hints At Major Changes In Model Development

A trader missed out on potential profit worth tens of millions after selling Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) at a significant discount on Saturday, failing to act during the meme coin&#8217;s peak.
What Happened: The investor initially bought&nbsp;into TRUMP, the official cryptocurrency of President Donald Trump, when the price&nbsp;was approximately $1.03, according to the on-chain tracking platform Lookonchain.
They then offloaded all of their 637,000 TRUMP coins for $12.24 million, booking an impressive profit of $11.4 million. 
However, if the trader had&nbsp;sold at the meme coin&#8217;s peak of $75.35, the&nbsp;profit could have exceeded $45 million. So, the late sale deprived them of $33 million in gains. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This guy sold <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> too late and missed out on a profit of over $33.6M! He aped into <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> when the price was ~$1.03, then sold all 637K <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> for 55,316 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($12.24M) 6 hours ago at $19.21, making 52,301 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($11.4M). If he sold at the peak, the profit could have exceeded… <a href="https://t.co/3pN01t0VGd">pic.twitter.com/3pN01t0VGd</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1885870088689156454?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
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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/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">Elon Musk Says Treasury Officials &#8216;Breaking The Law Every Hour&#8217; By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix</a>
Why It Matters: The missed chance underscores the volatility and unpredictability of meme coins, especially those that are themed on popular people and celebrities.
Launched by Trump just ahead of his presidential inauguration, TRUMP&nbsp;<a href="https://www.benzinga.com/25/01/43257114/donald-and-melania-trump-memecoins-defy-market-lull-with-rallyanalyst-says-trump-bottomed-out-at-25" target="_blank" rel="noreferrer noopener">reached a fully diluted valuation</a>&nbsp;of roughly $75 billion shortly after its debut but has since crashed over 76%.
While the coin possesses some utility, like allowing customers to <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43326793/trump-coin-can-buy-you-donald-trump-themed-watches-and-sneakers-heres-how">use it to buy Trump-branded merchandise</a>, most of its moves have been dictated by broader market trends.
Price Action: At the time of writing, TRUMP was exchanging hands at $17.87, down 15% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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. 
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43423466/how-does-pete-hegseth-feel-about-bitcoin-his-financial-filings-reveal-the-answer">How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer</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>

Politics

$TRUMP

TRUMP Memecoin Sale Cost Trader $33 Million In Potential Gains As Memecoin Plunges 76% From Market Top

Prominent economists are raising concerns about the inflationary impact and economic consequences of former President Donald Trump&#8216;s newly announced tariffs on major U.S. trading partners, with Allianz Chief Economic Advisor Mohamed El-Erian emphasizing the complexity of <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">predicting their full effects</a>.
What Happened: In a series of posts on X on Sunday, El-Erian addressed growing questions about the inflationary impact of Trump&#8217;s tariffs, which include a 25% duty on Mexican and most Canadian imports and a 10% tariff on Chinese goods. 
&#8220;Unlike others who have proclaimed either &#8216;very&#8217; or &#8216;not at all,&#8217; I am quick to say we don&#8217;t know for sure,&#8221; El-Erian said.
El-Erian highlighted several key variables affecting the tariffs&#8217; impact, including demand and supply elasticities, price pass-through speeds, and the lingering effects of 2021-2022 inflationary expectations. 
&#8220;It's because there are several factors in play that translate not just into genuine analytical uncertainty but also consequential sector-and good-specific differences,&#8221; El-Erian added. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm repeatedly being asked "how inflationary will tariffs be?" Unlike others who have proclaimed either "very" or "not at all," I am quick to say we don't know for sure. This is not because I don't want to commit. It's because there are several factors in play that translate not…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1886033127891468387?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
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He also highlighted concerns about potential retaliatory measures, noting from a Bloomberg report that Trump&#8217;s executive orders include clauses that would increase U.S. tariffs if affected countries respond with counter-tariffs.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What happens if countries retaliate against the US tariffs with counter-tariffs? This from Bloomberg re President Trump's Executive Orders relating to Canada, China and Mexico: "The Republican's orders also included retaliation clauses that would increase US tariffs if the…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1886002930115121631?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/asia/25/02/43425523/bank-of-japan-signals-further-rate-hikes-possible-amid-inflation-economic-overheating-worries">Bank Of Japan Signals Further Rate Hikes Possible Amid Inflation, Economic Overheating Worries</a>
Why It Matters: Former Treasury Secretary Lawrence Summers offered a more direct critique, <a href="https://www.benzinga.com/25/02/43425160/trump-tariffs-a-strategic-gift-to-xi-jinpings-china-says-obama-era-treasury-secretary-jobs-in-industrial-heartland-will-be-lost">describing the tariffs</a> as a &#8220;strategic gift to Xi Jinping&#8221; and a &#8220;bully strategy&#8221; that could have severe economic consequences. &#8220;Jobs in the industrial heartland will be lost as American producers can&#8217;t compete due to higher input costs,&#8221; Summers warned on X, adding that the measures could strain relationships with Canada and Mexico.
The tariffs, set to take effect Tuesday, target approximately one-third of U.S. imports, potentially affecting prices across various sectors from agriculture to automobiles. 
The U.S. Chamber of Commerce has warned of supply chain disruptions and increased costs for American families, while economists note particular concerns about the $46 billion agricultural import relationship with Mexico and the $97 billion <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">energy trade with Canada</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/02/43423549/entrepreneur-sparks-debate-over-betting-that-musk-and-trump-will-turn-into-full-fledged-enemies-people-are-already-taking-the-bet">Entrepreneur Sparks Debate Over Betting That Musk And Trump Will Turn Into &#8216;Full-Fledged Enemies&#8217; – People Are Already Taking The Bet</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mohamed El-Erian Won't Say How Inflationary Trump's Tariff's Will Be: Here's Why

Nobel Prize-winning economist Eugene Fama foresaw a 100% probability that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s largest cryptocurrency, will lose all of its value within the next decade.
What Happened:  During an interview on the Capitalisn't podcast, the &#8220;father of modern finance&#8221; was asked about the likelihood of Bitcoin&#8217;s value plummeting to zero in the next 10 years, to which he replied, &#8220;I would say it&#8217;s close to one.&#8221;
Fama stated that cryptocurrency runs against all that is known about monetary theory.
Fama&#8217;s doubts about cryptocurrencies were rooted in their inherent instability. He argued that they contradict the essential principles of a medium of exchange due to their fluctuating real value.
&#8220;They don&#8217;t have a stable real value, you know. They have highly variable real value. That kind of a medium of exchange is not supposed to survive,&#8221; Fama said. &#8220;People don&#8217;t want to do business in something that itself can put them out of business.&#8221;
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The pioneer of the efficient market hypothesis also criticized the energy-intensive method of mining, responsible for bringing new Bitcoins into circulation.
&#8220;It&#8217;s really not sustainable. You can&#8217;t have a whole financial system built on this because it requires too much in the way of computing power,&#8221; Fama argued. 
The gloomy prediction comes after a record-breaking year for the leading cryptocurrency that saw it reach all-time highs of $109,000 and more than double its market value.
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/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">Elon Musk Says Treasury Officials &#8216;Breaking The Law Every Hour&#8217; By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix</a>
Why It Matters: Fama&#8217;s prediction follows similar skepticism by well-known economists toward Bitcoin. 
Nobel laureate Paul Krugman called Bitcoin &#8220;economically useless&#8221; last year in July, questioning President Donald Trump&#8217;s embrace of it while he was on the campaign trail. He even referred to Trump&#8217;s proposal for a national Bitcoin stockpile as a &#8220;government bailout&#8221; of a scandal-ridden sector.
Another influential economist, Justin Wolfers, questioned the feasibility of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40152445/trumps-bold-plan-to-use-bitcoin-to-wipe-out-35t-us-debt-questioned-by-economist-justin-wol">national Bitcoin stockpile</a>, indicating a growing doubt about the economic viability of Bitcoin.
Notably, Trump signed executive orders, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43177482/trump-signs-executive-order-on-crypto-bitcoin-reserve-to-be-evaluated">evaluating the creation of a "strategic national digital assets stockpile</a>."
Price Action: At the time of writing, Bitcoin was exchanging hands at $94,421.46, sinking 5.31% 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>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43423466/how-does-pete-hegseth-feel-about-bitcoin-his-financial-filings-reveal-the-answer">How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer</a></li>
</ul>

Movers

Nobel Prize Winner Predicts Bitcoin's Value Will Plummet To Zero In Next 10 Years—'Father Of Modern Finance' Says Crypto Antithesis Of Monetary Theory

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Watch Series 10 users are reportedly voicing their dissatisfaction over the limited selection of watch faces available, despite the device&#8217;s advanced features.
The latest update has only slightly expanded the options, leaving many users wanting more.
What Happened: The Apple Watch Series 10, which boasts a larger display and smarter watch faces, uniquely supports an always-on-second display. However, this feature is restricted to just four watch faces, <a href="https://9to5mac.com/2025/02/02/apple-watch-faces-are-broken-and-apples-latest-move-isnt-helping/">reported</a> 9to5Mac.&nbsp;
Initially, only three faces—Flux, Reflections, and Activity Digital—supported this feature. The latest addition of the Unity Rhythm face in watchOS 11.3 has increased this number to four.
See Also: <a href="https://www.benzinga.com/25/02/43425534/linkedin-and-indeed-are-finally-holding-employers-accountable-new-ai-tools-will-show-job-seekers-their-chances-of-getting-a-response">14 Million Job Seekers Didn&#8217;t Hear Back From Potential Employers In Just A Single Quarter Last Year: Now LinkedIn Is Moving To Change That With AI Help</a>
However, users are frustrated as they seek more customization options, including third-party watch faces, which remain unavailable.
The report noted that Apple has been removing certain watch faces without clear reasons. The company&#8217;s strategy appears to focus on introducing a few new faces annually that support always-on seconds while phasing out less popular ones.
Users hope future updates, like watchOS 12, will enable all watch faces to use the hardware&#8217;s full capabilities.
Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
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 Matters: The frustration among users comes at a time when Apple is celebrating a strong financial performance.
In its <a href="https://in.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">first-quarter earnings</a> report, Apple announced a revenue of $124.3 billion, surpassing analyst expectations of $124.13 billion. The company also reported adjusted earnings of $2.40 per share, beating the forecast of $2.36 per share.
Wearables, Home, and Accessories reported $11.75 billion in revenue, compared to $11.95 billion in the same period last year.
Image via Shutterstock
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>.
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</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.

Media

AAPL

Apple Watch Faces Are A Mess — Series 10's Biggest Feature Is Limited To Just Four Faces, Frustrating Users

Taiwan Semiconductor Manufacturing Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TSMWF#OTC">TSMWF</a>) shares dropped sharply Monday as trading resumed after the Lunar New Year holiday, with investors responding to last week&#8217;s global selloff in artificial intelligence stocks triggered by developments at Chinese AI firm DeepSeek.
What Happened: TSMC shares fell as much as 6.6% to 1,070 New Taiwan dollars ($32.32) on the Taiwan exchange, marking their steepest decline in nearly six months. The selloff dragged down Taiwan&#8217;s benchmark Taiex index by 4.4% to 22,627 points, while Hon Hai Precision Industry Co. also known as Foxconn tumbled 9.2% to 165.50 New Taiwan dollars.
The decline follows DeepSeek&#8217;s announcement of its R1 AI model, which the company claims was developed for just $5.6 million &#8211; a figure that has drawn skepticism from industry experts. Wedbush analyst Dan Ives dismissed the claim as &#8220;likely a fictional story,&#8221; noting that comparable models like OpenAI&#8216;s GPT-4 required investments <a href="https://www.benzinga.com/tech/25/01/43296460/dan-ives-says-chinese-startup-deepseeks-6-million-ai-development-assertion-is-likely-a-fictional-story">exceeding $100 million</a>.
See Also: <a href="https://www.benzinga.com/25/02/43425534/linkedin-and-indeed-are-finally-holding-employers-accountable-new-ai-tools-will-show-job-seekers-their-chances-of-getting-a-response">14 Million Job Seekers Didn&#8217;t Hear Back From Potential Employers In Just A Single Quarter Last Year: Now LinkedIn Is Moving To Change That With AI Help</a>
Why It Matters: The controversy deepened as prominent tech <a href="https://www.benzinga.com/tech/25/01/43296460/dan-ives-says-chinese-startup-deepseeks-6-million-ai-development-assertion-is-likely-a-fictional-story">figures raised concerns</a> about DeepSeek&#8217;s development process. OpenAI investor Josh Kushner suggested the Chinese model may have been trained using U.S. technology in violation of export controls. Scale AI CEO Alexandr Wang alleged DeepSeek had acquired 50,000 advanced chips through unreported channels, a claim that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk appeared to support.
The uncertainty surrounding DeepSeek&#8217;s capabilities and methods has rippled through the semiconductor sector, contributing to a $600 billion decline in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market value last Monday. TSMC&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) U.S.-listed shares had previously fallen 13% last Monday before recovering some losses.
The White House has reportedly begun examining DeepSeek&#8217;s operations for potential<a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks"> national security risks</a>, particularly given the company&#8217;s backing by High-Flyer, an $8 billion Chinese quantitative hedge fund.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/25/02/43425523/bank-of-japan-signals-further-rate-hikes-possible-amid-inflation-economic-overheating-worries">Bank Of Japan Signals Further Rate Hikes Possible Amid Inflation, Economic Overheating Worries</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.

Asia

NVDA

TSLA

TSMWF

Nvidia Supplier TSMC's Shares Plunge Over 6% In Taiwan As AI Selloff Intensifies Amid DeepSeek Impact

Leading cryptocurrencies witnessed massive sell-offs on Sunday as President Donald Trump's tariff war pounded capital markets.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-7.99%</td>
<td>$93,219.10</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-25.01%</td>
<td>$2,378.31</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-26.69%</td>
<td>$0.2147</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin was in free fall, crashing below $92,000 for the first time since January 13, before recouping to $93,000. The leading cryptocurrency lost nearly 8% of its value over the last 24 hours. 
The rest of the market was hit more severely. Ethereum plunged over 25% to a nearly 3-month low, while Dogecoin plummeted 26%.
The market has been rough after <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43398182/trumps-25-tariffs-could-slaughter-canada-mexico-economies-hit-us-auto-industry-analysts-warn">Trump slapped tariffs on key trade partners</a>, a move that could disrupt key supply chains across the North American region and impact economies.
The cryptocurrency market bled profusely, encountering over $2 billion in the last 24 hours and over $1 billion getting wiped out in the last 4 hours.&nbsp;
Bitcoin's Open Interest fell 4.72% in the last 24 hours, suggesting large-scale liquidation of longs.
However, the number of traders betting on the cryptocurrency's upside rose in the last 24 hours, with 66% of Binance futures traders going long on Bitcoin.
"Fear" sentiment engulfed the market, according to the reading on the Crypto Fear &amp; Greed Index, indicating that investors could panic sell.
Top Losers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>SPX6900 (SPX)</td>
<td>-25.87%</td>
<td>$0.7944</td>
</tr>
<tr>
<td>Onyxcoin (XCN)</td>
<td>-24.66%</td>
<td>$0.02321</td>
</tr>
<tr>
<td>Optimism (OP)</td>
<td>-23.88%</td>
<td>$1.04</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.17 trillion, collapsing by 7.92% in the last 24 hours.
Stock futures tanked Sunday night, mirroring the cryptocurrency market's decline. The Dow Jones Industrial Average Futures plunged 498 points, or 1.10%, as of 8:38 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slipped 1.59%, while Nasdaq 100 Futures lost 2.15%.
Investors braced for another big week of corporate earnings, with mega tech companies like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) set to report their financials this week.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency market commentator Michaël van de Poppe was undeterred by the altcoin losses and predicted an upside move in the coming weeks.
&#8220;The massive bullish divergence on TOTAL3/BTC is still applied. The higher low has still been created, and the continuation on the altcoins should come in the coming weeks,&#8221; the trader remarked.
Note that &#8220;TOTAL3&#8221; corresponds to the cryptocurrency&#8217;s total market cap excluding BTC and ETH.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The massive bullish divergence on TOTAL3/BTC is still applied. The higher low has still been created and the continuation on the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> should come in the coming weeks. <a href="https://t.co/xWEDN1iw1e">pic.twitter.com/xWEDN1iw1e</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1886063021505831034?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known cryptocurrency analyst, Ali Martinez, emphasized the importance of Ethereum sustaining the $2,750 support level to justify a rebound to $6,760.
As it turned out, the second-largest cryptocurrency has dropped significantly below $2,750, casting doubt on its positive sentiment.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If this is an ascending parallel channel, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> must hold the $2,750 support level to set the stage for a rebound to $6,760! <a href="https://t.co/XPeM1tQhZQ">pic.twitter.com/XPeM1tQhZQ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1886227857707511958?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
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Bitcoin Crashes Below $92,000, Ethereum, Dogecoin Slump As Trump's Tariff War Spooks Investors: Analyst Reveals If ETH Can Chart $6000 Rebound

LinkedIn, owned by Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Indeed and Greenhouse have all introduced new AI-powered tools designed to help job seekers gauge their chances of receiving responses from potential employers.
What Happened: LinkedIn is currently testing &#8220;responsiveness insights&#8221; on select job postings, with plans to expand this feature across the platform, <a href="https://www.bloomberg.com/news/articles/2025-02-02/linkedin-indeed-launch-tools-to-help-job-seekers-narrow-their-search?srnd=homepage-asia">reported</a> Bloomberg on Sunday.
The platform is also improving its AI-powered &#8220;job match&#8221; feature. It assesses how well a candidate fits a job listing. The goal is to reduce application overload by guiding users toward roles where they have a better chance of getting a response.
Indeed is upgrading its &#8220;responsive employer&#8221; badges, which have been in place since 2018. The platform now offers more detailed insights, such as median response times, to assist job seekers in identifying companies that are more likely to respond.
See Also: <a href="https://www.benzinga.com/tech/25/02/43425315/openais-deep-research-promises-ai-powered-analysis-heres-what-it-can-and-cant-do">OpenAI&#8217;s &#8216;Deep Research&#8217; Promises AI-Powered Analysis — Here&#8217;s What It Can (And Can&#8217;t) Do</a>
Greenhouse is experimenting with a badge system to verify employers&#8217; commitment to respectful and communicative hiring practices. These badges aim to reward companies that uphold high standards in their recruitment processes.
These developments come as job seekers face increasing challenges in the labor market, with many experiencing long-term unemployment. The new tools are designed to improve transparency and efficiency in the hiring process, benefiting both applicants and employers.
Why It Matters: Last year, more than 14 million job seekers&#8217; applications were entirely ignored in just one quarter, the report noted, citing one hiring platform.
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.
The introduction of these AI tools by LinkedIn and Indeed comes at a time when the U.S. labor market is showing mixed signals.
The U.S. economy added <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42912480/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike">256,000 jobs in December</a>, surpassing expectations and highlighting the resilience of the labor market.
However, a December report indicated a slowdown in hiring, with private businesses adding only 122,000 jobs in the last month of 2024, marking <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42873182/us-private-businesses-add-122000-jobs-in-december-the-labor-market-downshifted-to-a-more-modest-pace-of-growth">a decrease from November's 146,000</a>.
Image via Shutterstock
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>.
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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.

MSFT

14 Million Job Seekers Didn't Hear Back From Potential Employers In Just A Single Quarter Last Year: Now LinkedIn Is Moving To Change That With AI Help

The Bank of Japan policymakers expressed growing concerns about inflation risks and yen weakness during their January meeting, where they raised rates to a 17-year high of 0.5%, according to meeting summary notes released on Monday.
Several board members emphasized the need for &#8220;timely and gradual&#8221; rate increases, citing mounting price pressures and potential financial overheating. The central bank&#8217;s latest move, approved in an 8-1 vote, marks its second rate hike since exiting its decade-long stimulus <a href="https://www.benzinga.com/24/11/42135336/usdjpy-awaits-potential-stimulus-impact">program in March 2024</a>.
See Also: <a href="https://www.benzinga.com/real-estate/25/02/43424874/ceo-of-norways-sovereign-wealth-fund-advises-investors-to-dump-tech-stocks">CEO Of Norway&#8217;s Sovereign Wealth Fund Advises Investors To Dump Tech Stocks</a>
The yen has shown modest strength since the last rate hike decision on Jan. 24, with USD/JPY edging down 0.21% to 155.68 from 156.02. Meanwhile, the U.S. Dollar Index has climbed 1.96% to 109.55, reflecting broader currency market dynamics.
BOJ Governor Kazuo Ueda <a href="https://www.benzinga.com/markets/25/01/42995151/bojs-kazuo-ueda-signals-rate-hikes-japanese-bond-yields-rise-to-14-year-high-what-the-recent-past-tells-us-about-impact-on-us-markets">maintains a hawkish stance</a>, indicating readiness for additional rate increases if wage growth continues to support consumption and stable inflation. While some members expressed optimism about a U.S. soft landing, others cautioned about risks from potential U.S. inflation resurgence and escalating trade tensions.
Real interest rates remain &#8220;significantly negative&#8221; even after the hike, according to one board member, suggesting room for further monetary tightening as Japan aims to sustainably achieve its 2% inflation target.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bank Of Japan Signals Further Rate Hikes Possible Amid Inflation, Economic Overheating Worries

Driven by the increasing popularity of a more efficient, secure, and fast way of signing documents digitally, the e-signature market is experiencing robust growth. So, can DocuSign (DOCU), with its industry-leading offerings, maintain the top position in the market? Read on… The digital signature market is thriving owing to the rising adoption of digitally enabled signatures in the work process of various organizations to meet their need for secured online transactions. Moreover, digital signatures have the edge of being faster, more efficient, easily stored, and secure over conventional paper-based signature systems, resulting in improved operational efficiency.
According to a study by Fortune Business Highlights, the global digital signature market is forecasted to reach $118.88 billion by 2032, growing at an impressive <a href="https://www.fortunebusinessinsights.com/industry-reports/digital-signature-market-100356">CAGR of 41%</a>. This growth can also be attributed to the increasing popularity of SaaS-based actions that are rivaling the conventional analog processes.
Amid this growth, DocuSign, Inc. (<a href="https://stocknews.com/stock/DOCU/">DOCU</a>) stands out as the premier option for secure digital signatures among various multinational businesses. DOCU's shares have surged 27.2% over the past three months and 63.4% over the past six months, closing the last trading session at $91.34.
Now, let us dive deeper into the factors that could shape DOCU's performance in the near future.
Recent Developments
On November 20, 2024, DOCU unveiled <a href="https://investor.docusign.com/investors/press-releases/press-release-details/2024/Docusign-Unveils-Docusign-for-Developers-to-Accelerate-Intelligent-Agreement-Management-at-Docusign-Discover-Event/default.aspx">Docusign for Developers</a>, a powerful suite of tools and resources designed for developers, partners, and entrepreneurs to revolutionize agreement management.
The product offers businesses the ability to integrate, extend, and scale solutions on the Docusign Intelligent Agreement Management (IAM) and expects to drive the growth of businesses and DOCU alike.
Sound Financials
For the fiscal 2025 third quarter that ended October 31, 2024, DOCU's total revenue increased 7.8% year-over-year to $754.82 million. Its non-GAAP income from operations rose 19% from the year-ago value to $223.08 million.
Additionally, the company's non-GAAP net income and non-GAAP net income per share grew 15.1% and 13.9% from the prior year's quarter to $188.50 million and $0.90, respectively. As of October 31, 2024, DOCU's total assets amounted to $3.77 billion, compared to $2.97 billion on January 31, 2024.
Optimistic Analyst Estimates
Analysts expect DOCU's revenue and EPS for the fiscal 2025 fourth quarter (ending in January) to increase 6.8% and 11.1% year-over-year to $760.94 and $0.84, respectively. In addition, the company exceeded the consensus revenue and EPS estimates in each of the four trailing quarters, which is impressive.
Looking at the full fiscal year ending January 2025, DOCU's revenue and EPS are expected to rise 7.2% and 18.6% from the prior year to $2.96 billion and $3.53, respectively.
High Profitability
DOCU's trailing-12-month gross profit margin of 80.16% is 58.5% higher than the industry average of 50.56%. Its trailing-12-month EBIT margin stands at 6.17%, 19.1% higher than the industry average of 5.18%.
In addition, the company boasts a trailing-12-month <a href="https://www.investopedia.com/terms/n/net_margin.asp">net income margin</a> of 34.73%, which is 804.1% higher than the sector average of 3.84%. Also, the stock's trailing-12-month levered FCF margin of 38.94% is 234.2% higher than the industry average of 11.65%.
Discounted Valuation
DOCU is currently trading at a forward non-GAAP PEG of 0.92x, which is 51.4% lower than the industry average of 1.90x. Moreover, the stock's forward EV/EBIT multiple stands at 20.16, 11.4% lower than the industry average of 22.75x.
Additionally, it has a forward Price/Cash Flow multiple of 20.01, which is 9.5% lower than the industry average of 22.11x. This indicates that DOCU is undervalued compared to the broader market, offering potential upside for investors.
POWR Ratings Reflects Optimism
DOCU's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
DOCU has an A grade for Quality, supported by profitability measures that exceeded industry benchmarks. Moreover, it earned a B grade for Value, driven by its discounted valuation metrics relative to the industry average.
Within the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry, DOCU is ranked #3 out of 18 stocks. Beyond what is stated above, we have also given DOCU grades for Sentiment, Momentum, Stability, and Growth. Get all DOCU ratings <a href="https://stocknews.com/stock/DOCU/">here</a>.
Bottom Line
DOCU has established a monopoly in the increasingly popular digital signature market, driven by its various SaaS offerings that enhance organizational efficiency. As organizations worldwide switch over to digitally signing documents, the company's growth appears to be solid.
Given DOCU's impressive analyst estimates, high profitability, and attractive valuation now could be the ideal time to consider adding the stock to one's portfolio.
How Does DocuSign, Inc. (DOCU) Stack Up Against Its Peers?
Although DOCU's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who also exhibit strong POWR Ratings. So, consider these A (Strong Buy) rated stocks from the Software - SAAS industry:
Vimeo Inc. (<a href="https://stocknews.com/stock/VMEO/">VMEO</a>)
Kaltura, Inc. (<a href="https://stocknews.com/stock/KLTR/">KLTR</a>)
WM Technology, Inc. (<a href="https://stocknews.com/stock/MAPS/">MAPS</a>)
To explore more A or B-rated Software - SAAS stocks, <a href="https://stocknews.com/category/software-saas/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DOCU shares were trading at $91.34 per share on Wednesday morning, down $0.02 (-0.02%). Year-to-date, DOCU has gained 1.56%, versus a 3.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aritra_Gangopadhyay</h2> <img src='https:/wp-content/uploads/2025/01/Aritra_Gangopadhyay.png' style="float:left; padding:5px;width:125px;">Aritra is a financial journalist dedicated to breaking down complex financial topics into simple, actionable insights. Holding a Master's degree in Economics, he uses his analytical expertise to help investors uncover unique opportunities for long-term success.<a href="https://stocknews.com/authors/?author=aritra-gangopadhyay">More...</a>The post <a href=https://stocknews.com/news/docu-vmeo-kltr-maps-can-docusign-maintain-its-momentum-in-the-e-signature-market/>Can DocuSign Maintain Its Momentum in the E-Signature Market?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can DocuSign Maintain Its Momentum in the E-Signature Market?

WM Technology: Offer Sweetener Needed

UiPath, with innovative product offerings, strategic initiatives, and impressive financial standings, looks poised for long-term growth. However, considering the recent market correction, is it a buy today? Read more to find out... Market corrections are a part of the stock market dynamic and can often offer attractive investment opportunities to investors. The recent scrambling of the artificial intelligence (AI) themed segment has raised portfolio concerns amongst investors about market concentration in tech megacaps. This was due to the emergence of a low-cost Chinese AI model that rattled markets and prompted concerns.
The stocks of major corporations like Nvidia, Microsoft, and Alphabet faced a big hit due to the market tumble. Further, the major indices slumped following <a href="https://www.reuters.com/markets/us/us-tech-stock-tumble-highlights-risk-market-reliance-megacaps-2025-01-28/">the news of the DeepSeek AI model</a>.
One such affected stock is UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>), a leader in robotic process automation. PATH saw its share prices drop by 5.2% in the last session. However, in the long run, the company's prospects appear promising, fueled by optimism from a potential increase in investments in Agentic AI, a probabilistic technology with high adaptability to changing environments and events.
Shares of PATH have surged 15% over the past month and 16.9% over the past six months to close the last trading session at $14.40.
PATH is a leading provider of end-to-end automation platforms that offers a range of robotic process automation (RPA) solutions internationally. It provides a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
The company reported impressive financial results in the last quarter when its subscription services revenue increased by over 23% year-over-year. PATH posted a total revenue of $354.65 million, surpassing the consensus estimate of $347.72 million. Also, its non-GAAP EPS was $0.11 for the third quarter, compared to analysts' expectations of $0.07.
PATH is an innovative automation company that leverages and integrates the latest innovations to deliver efficient and tech-first solutions. In the same attempt, it recently integrated Anthropic's Claude LLMs to fuel UiPath Autopilot for everyone, Clipboard AI, and a new GenAI healthcare solution offering improved productivity, cost savings, and decision-making capabilities to customers.
Further, UiPath's solutions are being increasingly utilized by major companies like Banco Azteca and Omega Healthcare to transform their operations and achieve significant efficiency gains with the strategic implementation of AI and automation.
Let's look at factors that could influence PATH's performance in the upcoming months.
Positive Recent Developments
On October 24, 2024, PATH announced that it is transforming the operations of Omega Healthcare, a global leader in revenue cycle management, healthcare, and clinical enablement services, through its AI-powered automation. The partnership will likely position PATH as a frontrunner in AI-driven automation.
Also, on October 22, 2024, PATH entered into a strategic partnership with Inflection AI, an enterprise AI company, to integrate the UiPath Platform with the new Inflection for Enterprise solution, which resulted in higher operational efficiency and effectiveness for enterprises.
The strategic partnership reinforces PATH's commitment to providing secure and efficient AI-driven solutions, positions it as a leader in innovative enterprise automation, and advances the security-focused industries in their operations.
Robust Financials
PATH's total revenue increased 8.8% year-over-year to $354.65 million during the third quarter that ended October 31, 2024. Its non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%20is%20the%20income,have%20been%20removed%20from%20revenue.">gross profit</a> grew 5.8% from the year-ago value to $300.36 million. The company's non-GAAP operating income of $49.72 million indicates growth of 13.8% from the prior year's quarter.
In addition, the company's non-GAAP net income came in at $59.81 million or $0.11 per share for the quarter, respectively. Its free cash flow increased 12.2% from the year-ago value to $182.87 million.
Also, the company's cash and cash equivalents and total assets stood at $773.63 million and $2.66 billion as of October 31, 2024.
According to the fourth quarter fiscal 2025 financial outlook, PATH expects revenue between $422 million and $427 million. The company's ARR is projected to range from $1.669 billion to $1.674 billion as of January 31, 2025. Also, it expects a non-GAAP operating income of approximately $100 million
Favorable Analyst Estimates
Analysts expect PATH's revenue for the second quarter (ending July 2025) to increase 12.3% year-over-year to $355.23 million. The consensus EPS estimate of $0.07 for the same quarter reflects a 68.7% year-over-year improvement. Moreover, the company surpassed the consensus revenue and EPS estimates in all of the trailing four quarters, which is remarkable.
Additionally, for the fiscal year ending January 2026, the company's revenue and EPS are expected to grow 10.7% and 7.2% from the prior year to $1.58 billion and $0.51, respectively.
High Profitability
PATH's trailing-12-month gross profit margin of 83.38% is 65.1% higher than the industry average of 50.49%. Its trailing-12-month levered FCF margin of 31.21% is considerably higher than the industry average of 11.14%.
POWR Ratings Reflect Promise
PATH's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. PATH has a B grade for Quality, in sync with its higher-than-industry-profitability.
In addition, the stock has a B grade for Momentum. PATH is currently trading above its 50-day and 200-day moving averages of $13.64 and $13.88, respectively, indicating an uptrend.
PATH is ranked #9 in the 18-stock A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.
Beyond what I have stated above, we have also given PATH grades for Sentiment, Value, Growth, and Stability. Get access to all the PATH Ratings <a href="https://stocknews.com/stock/PATH/">here</a>.
Bottom Line
In the recent market turbulence where even the members of the ‘Magnificent Seven' group of technology stocks were affected, PATH also followed the same wave, and its stocks went through a decline. The market correction stirred the stock market and investors' reaction and could benefit investors in the long term.
This has positioned PATH as a Buy, owing to its innovative solutions, continuous AI integration, expanding customer base, and solid financial performance in the last reported quarter.
Thus, considering the stock's profitability, long-term potential, and growth prospects, it could be prudent to invest in this stock.
How Does UiPath Inc. (PATH) Stack Up Against Its Peers?
While PATH has an overall POWR Rating of B, investors could also check out these other stocks within the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry with A (Strong Buy) or B (Buy) ratings: Kaltura, Inc. (<a href="https://stocknews.com/stock/KLTR/">KLTR</a>), WM Holding Company, LLC (<a href="https://stocknews.com/stock/MAPS/">MAPS</a>), and Vimeo Inc. (<a href="https://stocknews.com/stock/VMEO/">VMEO</a>).
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-saas/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PATH shares were trading at $14.66 per share on Thursday afternoon, up $0.26 (+1.81%). Year-to-date, PATH has gained 15.34%, versus a 3.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/path-kltr-maps-vmeo-is-uipath-a-buy-after-its-recent-market-correction/>Is UiPath a Buy After Its Recent Market Correction?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is UiPath a Buy After Its Recent Market Correction?

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