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NWTN Inc is a pioneering smart electric vehicle company which aims to integrate avant-garde design, life-style personalization, IoT connectivity, and autonomous driving technology into a passenger-centric green premium mobility solution to the world.

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Michael Dell, CEO of Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), announced a productive meeting with President Donald Trump, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and other technology executives focused on enhancing government efficiency and strengthening American <a href="https://www.benzinga.com/25/01/43111153/nvidia-and-ai-stock-rises-as-trump-announces-500-billion-stargate-ai-infrastructure-venture">leadership in artificial intelligence</a>.
What Happened: &#8220;Yesterday we had a productive discussion with Trump, Musk, and other tech CEOs about enhancing government efficiency and accelerating U.S. leadership in AI and technology,&#8221; Dell wrote on X. &#8220;We are proud to be a trusted AI partner for the U.S. government.&#8221;
The high-level meeting comes as Dell Technologies positions itself for significant AI-driven growth. During a recent earnings call, Dell COO Jeff Clarke projected the company&#8217;s AI server business would grow to <a href="https://www.benzinga.com/25/02/44035798/dell-technologies-projects-15-billion-ai-server-revenue-for-fy26-raises-dividend-18-amid-a-mixed-quarter">at least $15 billion</a> in fiscal year 2026, driven by what he described as a &#8220;robust opportunity pipeline&#8221; and Dell&#8217;s engineering and services advantages.
&#8220;This AI business drives incremental operating profit and is EPS-accretive,&#8221; Clarke stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday we had a productive discussion with <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> and other tech CEOs about enhancing government efficiency and accelerating U.S. leadership in AI and technology. We are proud to be a trusted AI partner for the U.S. government and look forward to…
&mdash; Michael Dell &#x1f1fa;&#x1f1f8; (@MichaelDell) <a href="https://twitter.com/MichaelDell/status/1899425934236618910?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/03/44267113/ark-invests-strategic-moves-tempus-ai-block-inc-and-draftkings-inc-in-focus">Cathie Wood&#8217;s Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath</a>
Why It Matters: Dell&#8217;s meeting with Trump occurs amid increased government focus on AI development. In January, the administration announced support for Stargate, <a href="https://www.benzinga.com/25/01/43111153/nvidia-and-ai-stock-rises-as-trump-announces-500-billion-stargate-ai-infrastructure-venture">a $500 billion joint venture</a> between OpenAI, SoftBank, and Oracle Corp. to build AI infrastructure across the United States.
The Stargate announcement boosted shares of NVIDIA Corp., Dell, and other AI-focused companies, as investors anticipated increased demand for <a href="https://www.benzinga.com/25/01/43111153/nvidia-and-ai-stock-rises-as-trump-announces-500-billion-stargate-ai-infrastructure-venture">AI hardware and infrastructure</a>.
Dell&#8217;s statement indicates the company intends to continue engagement with &#8220;customers and policymakers&#8221; on AI initiatives, positioning itself as a key partner in the rapidly expanding artificial intelligence sector.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/03/44263206/warren-buffett-rakes-in-607-million-while-elon-musk-jeff-bezos-and-other-top-moneybags-bleed-67-bill" target="_blank" rel="noreferrer noopener">Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout</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.

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Michael Dell Joins Trump, Elon Musk For High-Stakes AI Talks As Dell Eyes $15 Billion In Server Business

Reported Earlier, Gray Media Secures Landmark FCC Waiver To Acquire KXLT-TV, Creating Rochester's First Top-Four Station Duopoly

Official Melania (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MELANIA</a>) failed to reverse its downsides on Tuesday, even as the broader meme coin market staged a strong recovery.
What happened: The official cryptocurrency of First Lady Melania Trump fell over 4% in the last 24 hours, widening its weekly losses to 15.81%. 
The continued decline contrasted sharply with the<a href="https://www.benzinga.com/trading-ideas/movers/25/03/44267790/pepe-leads-memecoin-rebound-with-11-rally-but-dogecoin-shiba-inu-not-that-far-behind"> relief rally</a> for other meme coins. The total meme coin capitalization rose 2.64% in the last 24 hours.
The token has plummeted nearly 95% from the all-time high of $13.73 set shortly after its <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43078040/trump-coin-tanks-36-even-as-melania-trump-launches-her-own-token-top-analyst-says-his-short-is-going-very-very-well">January launch.</a> Moreover, the slump has wiped out $13 billion worth of the coin&#8217;s fully diluted capitalization, currently valued at $367 million.
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/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a>
Why It Matters: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token was launched just before President Donald Trump&#8217;s presidential inauguration, just like the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin.&nbsp;
The MELANIA meme coin website maintains a disclaimer, stating, &#8220;Melania Memes are intended for collecting and entertainment purposes only. They are not financial instruments or investments.&#8221;
The coin's <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43078040/trump-coin-tanks-36-even-as-melania-trump-launches-her-own-token-top-analyst-says-his-short-is-going-very-very-well">vesting timeline</a> consists of an initial lock period of 30 days, followed by the staggered unlocking at definite intervals for the team.
Both MELANIA and TRUMP soared following their launch, and at their peak, the combined market value of the two assets <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43080060/donald-trump-and-melania-memecoins-combined-market-value-is-now-higher-than-that-of-warren-buffetts-hot-pick">topped that of leading oil producer</a> Occidental Petroleum.
Price Action: At the time of writing, MELANIA was exchanging hands at $0.6828, down 4.77% 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>.&nbsp;
Benzinga&#8217;s Take: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and celebrity endorsements.
Photo by Evan El-Amin on Shutterstock.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44239669/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative">Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$TRUMP

Melania Trump's Official Memecoin, Worth Over $13 Billion Barely Two Months Ago, Is Now Valued At $367 Million

Reported Earlier, Nutrien Prices $400M 4.500% 2027 Notes And $600M 5.250% 2032 Notes To Retire Maturing Senior Debt

Wedbush Securities&#8216; head of technology research,&nbsp;Dan Ives, has called on&nbsp;Elon Musk&nbsp;to balance his roles at&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and DOGE for the benefit of Tesla&#8217;s shareholders.
What Happened: In a post on X, Ives, a known Tesla bull, expressed his belief that the current leadership situation at Tesla is &#8220;unsustainable&#8221; for shareholders. 
He emphasized that it is time for Musk to lead Tesla into its next phase of growth. The post also referred to Ives&#8217; interview on CNBC Closing Bell wherein he weighed on Musk&#8217;s role in Tesla at this difficult juncture.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The time is now for Musk to lead Tesla into its next phase of growth and he needs to strike a balance with DOGE….this current leadership situation is not sustainable for Tesla shareholders in our view as we discuss on <a href="https://twitter.com/CNBCClosingBell?ref_src=twsrc%5Etfw">@CNBCClosingBell</a> &#x1f447; <a href="https://t.co/pJXmjJrHnP">https://t.co/pJXmjJrHnP</a> <a href="https://t.co/rkUlkk9IRf">pic.twitter.com/rkUlkk9IRf</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1899672915442069985?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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Ives remains bullish on Tesla despite the stock being down over 50% from its recent high and facing negative market sentiment.
However, he acknowledges that Tesla is at a pivotal moment due to Musk&#8217;s distractions, including his political involvement. In a separate Wedbush investor note, Ives wrote to investors, "If Musk continues to head down the DOGE path 110%…showing no attention to Tesla during this turbulent time then brand damage will become more pervasive as right now our work in the field shows less than 5% (very contained) of Tesla owners would second guess buying a Tesla again due to Musk."
While sales have declined significantly, particularly in China, Europe, and the U.S., Ives believes 90% of Tesla&#8217;s future value would be derived from autonomous technology and refreshed vehicle models. 
SEE ALSO: <a href="https://www.benzinga.com/markets/equities/25/03/44268275/trump-buys-tesla-model-s-plaid-gary-black-calls-endorsement-potentially-huge-says-it-could-drive-1-7-million-sales">Trump Buys Tesla Model S Plaid, Gary Black Calls Endorsement &#8216;Potentially Huge,&#8217; Says It Could Drive 1.7 Million Sales</a>
Why It Matters:&nbsp;Ives&#8217; comments come amidst a significant decline in Tesla&#8217;s stock, which is&nbsp;down over 50% from its&nbsp;recent high. This decline has been attributed to Musk&#8217;s challenges in managing his various roles, including his work with the Department of Government Efficiency (DOGE) in the Trump administration.
Musk admitted to <a href="https://www.benzinga.com/markets/25/03/44242181/elon-musk-admits-juggling-between-tesla-doge-is-difficult-says-running-businesses-with-great-difficulty-as-tsla-stock-plunges-50-in-3-months">experiencing difficulties</a> running his businesses while working with the Trump administration.
Despite these challenges, Ives&nbsp;maintains a $2 trillion valuation&nbsp;outlook for Tesla, citing its future&nbsp;in autonomous technology and refreshed&nbsp;vehicle models. He insists, however,&nbsp;that Musk must refocus on&nbsp;leadership for the sustainability of Tesla shareholders.
Tesla stock climbed 3.79% on Tuesday to close at $230.58, as per <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>. 
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/25/03/44265308/heres-when-tslas-crash-will-finally-stop">Here&#8217;s When TSLA&#8217;s Crash Will Finally Stop</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 'Current Leadership Situation Is Not Sustainable For...Shareholders,' Says Tesla Bull: 'Needs To Strike A Balance With DOGE'

Alpha Teknova, Inc. and Pluristyx, Inc., today announced that the companies are collaborating to produce and commercialize Pluristyx's PluriFreeze&#x2122; product line, a cryopreservative and cell wash media system intended for use by customers who are developing next generation allogeneic cell therapies. Teknova is a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, while Pluristyx is a leading provider of induced Pluripotent Stem Cells (iPSCs), including immune evading and safety-switch enabled iPSCs, and other innovative technologies designed to shorten the development lifecycle of tomorrow's cell therapies.
Through their developmen

TKNO

Reported Earlier, Teknova And Pluristyx Announce Strategic Collaboration To Commercialize PluriFreeze, Streamlining Cell Therapy Development

Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has reassured fans that the beloved S Pen isn't going away, even though its absence from major product announcements stirred some doubts.
What Happened: At Mobile World Congress 2025, Annika Bizon, vice president of product and marketing at Samsung's Mobile Experience division in the U.K., <a href="https://www.techradar.com/phones/samsung-galaxy-phones/i-dont-see-a-space-where-the-s-pen-is-not-a-key-part-of-our-portfolio-samsung-executive-defends-the-s-pen-amid-cancellation-rumors">told</a> TechRadar that Galaxy users shouldn't worry about the future of the S Pen — despite its noticeable absence from January's <a href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know">Galaxy S25 Ultra</a> launch event.
"Multimodality is really important to us," Bizon said. "So [that's] how people use their phone — whether they're speaking, whether they're writing, whether they're in a meeting. People do use their S Pens in meetings to write notes. So, I don't see a space where the S Pen is not a key part of our portfolio."
See Also: <a href="https://in.benzinga.com/media/25/03/44140452/gm-stellantis-supplier-samsung-sdi-weighs-new-us-battery-plant-amid-trumps-ev-policy-shift">GM, Stellantis Supplier Samsung SDI Weighs New US Battery Plant Amid Trump&#8217;s EV Policy Shift</a>
While the stylus didn't feature prominently in Samsung's latest marketing campaign, Bizon's comments suggest it remains a crucial piece of the Galaxy Ultra identity.
That said, the Galaxy S25 Ultra's S Pen did lose its Bluetooth functionality — meaning features like Air Actions and remote shutter no longer work — further fueling speculation about its future.
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's Important: The S Pen has long been a signature feature for Samsung's premium phones, especially among power users and creatives.
As competition heats up in the foldable and flagship markets, any perceived shift away from beloved features can create uncertainty among the brand&#8217;s most loyal customers.
Samsung saw a 12% year-over-year increase in its <a href="https://www.benzinga.com/news/earnings/25/01/43382010/samsung-q4-earnings-12-revenue-growth-closes-gap-with-apple-in-premium-phones-eyes-ai-powered-growth-in-2025">fourth-quarter revenue</a>, reaching 75.8 trillion Korean won ($52.2 billion).
The Mobile eXperience (MX) and Networks divisions generated 25.8 trillion Korean won in revenue, up from 25.0 trillion won in the same period last year. However, the segment&#8217;s operating profit declined to 2.1 trillion Korean won from 2.7 trillion won year-over-year.
Photo Courtesy: AronX on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/asia/25/02/43773697/samsung-to-cancel-2-11-billion-in-treasury-shares-launches-fresh-2-08-billion-buyback">Samsung To Cancel $2.11 Billion In Treasury Shares, Launches Fresh $2.08 Billion Buyback</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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SSNLF

Samsung Says S-Pen Isn't Going Anywhere — But If That's True, Why Did It Disappear From The Galaxy S25 Ultra Launch

Reported Earlier, Booz Allen Hamilton Prices $650M 5.950% Senior Notes Due 2035 To Support General Corporate Purposes

DeepSeek AI&#8216;s recent breakthrough has sparked renewed interest in Chinese tech investments, potentially reversing three consecutive years of venture capital declines in the region.
&#8220;People are rushing just to find the next DeepSeek,&#8221; said Annabelle Yu Long, founding partner of BAI Capital, according <a href="https://www.cnbc.com/2025/03/12/deepseek-ai-cranks-open-the-spigots-on-chinese-venture-capital.html">to</a> CNBC. This surge follows VC investment in China-based companies falling to a record low of $48.86 billion in 2024, according to Pitchbook data.
AI drug discovery firm Insilico Medicine recently closed a $110 million financing round led by Hong Kong&#8217;s Value Partners, with CEO Alex Zhavoronkov stating that the last-minute interest from Chinese funds was &#8220;like an avalanche.&#8221; The company, which uses DeepSeek&#8217;s AI to develop drugs, is now planning an additional &#8220;E2&#8221; raise.
Chinese government support is amplifying the trend. The government announced plans for a fund expected to mobilize 1 trillion yuan ($137.7 billion) for <a href="https://www.benzinga.com/25/03/44254562/deepseek-stays-free-founder-rejects-monetization-plans-new-reasoning-model-amid-alibaba-talks">tech investment</a>.
Despite this momentum, U.S.-China tensions remain a significant hurdle for international investors considering <a href="https://www.benzinga.com/25/03/44267707/chinas-viral-ai-agent-manus-which-is-being-compared-with-deepseek-taps-alibabas-qwen-for-local-expansion-heres-what-you-need-to-know">Chinese AI opportunities</a>.
DeepSeek&#8217;s AI breakthrough in late January led to a significant selloff in U.S. tech stocks, with NVIDIA Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market value dropping by $593 billion, as investors <a href="https://www.benzinga.com/25/01/43232316/deepseek-jitters-shatter-us-tech-stocks-wipe-out-12-trillion-on-wall-street-analyst-eyes-four-chinese-giants-set-to-benefit">feared increased competition</a>.<a href="https://www.rappler.com/technology/deepseek-nvidia-stocks-shares-updates-january-27-2025/?utm_source=chatgpt.com" target="_blank" rel="noreferrer noopener"></a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
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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.

Chinese Investors 'Rushing To Find The Next DeepSeek,' Says VC, As AI Boom Fuels Investment Surge After Nvidia Selloff

Central Puerto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEPU#NYSE">CEPU</a>) reported quarterly losses of $(0.02) per share. This is a 118.18 percent decrease over earnings of $0.11 per share from the same period last year. The company reported $168.00 million in sales this quarter. This is a 71.43 percent increase over sales of $98.00 million the same period last year.

Earnings

CEPU

Central Puerto Q4 2024 GAAP EPS $(0.02) Down From $0.11 YoY, Sales $168.00M Up From $98.00M YoY

<ul>
<li>RWTH Aachen University will integrate Dassault Systèmes' 3DEXPERIENCE platform on the cloud into its curricula for up to 13,000 mechanical engineering students</li>
<li>10-year collaboration with one of Europe's best engineering universities will provide students with hands-on learning that can be applied to future jobs</li>
<li>Model-based systems engineering skills are highly sought after to accelerate the development of complex products in the Generative Economy</li>
</ul>

DASTY

Dassault Systèmes And RWTH Aachen Launch 10-Year Strategic Partnership To Equip 13,000 Engineering Students With Next-Gen Systems Skills

Zealand Pharma and Roche enter collaboration and license agreement to co-develop and co-commercialize petrelintide as a future foundational therapy for people with overweight and obesity
<ul>
<li>The companies will co-develop and co-commercialize petrelintide monotherapy and potential combination products, including petrelintide/CT-388, in the U.S. and Europe</li>
<li>Zealand Pharma will receive upfront cash payments of USD 1.65 billion, including USD 1.4 billion due at closing and USD 250 million in anniversary payments over two years, as well as potential milestone payments, for a total consideration of up to USD 5.3 billion</li>
<li>Profits and losses will be shared on a 50/50 basis for petrelintide and petrelintide/CT-388 in the U.S. and Europe, and Zealand Pharma is eligible to royalties on net sales in the rest of the world</li>
<li>Zealand Pharma will pay Roche USD 350 million for the contribution of CT-388 in the first combination product arising from the collaboration</li>
<li>Collaboration and license agreement aims to unlock the full value of petrelintide, redefining the standard of care for people with overweight and obesity by establishing the leading amylin-based franchise</li>
<li>Zealand Pharma will host a conference call today March 12 at 1pm CET / 8am ET to discuss the agreement</li>
</ul>

RHHBF

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RHHVF

Zealand Pharma Secures $1.65B Upfront In Strategic Collaboration With Roche To Advance Petrelintide For Obesity And Metabolic Disorders

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) announced that it will terminate its deal to acquire Delivery Hero&#8217;s Foodpanda in Taiwan after facing regulatory challenges. Here&#8217;s what Benzinga&#8217;s proprietary edge rankings show about the stock.
What Happened: Uber signed the $950 million deal to take over the German company&#8217;s Foodpanda business in Taiwan last May. However, it ended the deal, reported Reuters, resulting in the payment of $250 million termination fee.
This follows a block imposed by Taiwan&#8217;s Fair Trade Commission in December 2024, citing a 90% rise in its market share when combined with its own business, Uber Eats.
According to Delivery Hero, a separate agreement that was signed with Uber to buy $300 million worth of its newly issued shares will not be affected after the falling out of the said deal.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44245897/billionaire-investor-ron-baron-reacts-to-nasdaq-sp-selloff-the-stock-prices-cant-believe-how-cheap-they-are">Billionaire Investor Ron Baron Reacts To Nasdaq, S&amp;P Selloff: &#8216;The Stock Prices&#8230;Can&#8217;t Believe How Cheap They Are&#8217;</a>
Why It Matters: Shares of Uber declined 3.3% on Tuesday and rose by 0.20% in after-hours. The exchange-traded fund tracking the S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) dropped 0.83% on the same day.
Uber has risen 11.84% on a year-to-date basis, whereas it was 9.79% over one year.
On a technical basis, Uber&#8217;s stock was flashing a bearish warning. The stock, which closed at $70.65 apiece on Tuesday, was below its short and long-term averages. Its relative strength index of 42.09 was in a neutral zone, while the MACD indicator was positive at 0.49, implying the possibility of a short term up move.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/UBER/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart-1024x576.png" alt="" class="wp-image-819965" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12014014/Uber-Technical-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<a href="http://pro.benzinga.com/dashboard">Benzinga</a>&#8216;s proprietary Edge Rankings also confirmed a weaker long term price trend as the stock has declined in the high single digits over the last 12 months. Its momentum ranking of 48.12 percentile, indicating a neutral positioning for the stock.
Meanwhile, its value ranking depicting the stock&#8217;s relative worth stood at 45.15 percentile. The growth ranking of 9.47 indicated a weaker historical earnings and revenue expansion.
Uber&#8217;s consensus price target was $90.58 based on the 35 <a href="https://www.benzinga.com/quote/UBER/analyst-ratings">analysts tracked by Benzinga</a>. The price targets ranged from a low of $77 to a high of $115. The three latest ratings from KGI Securities, Truist Securities, and Piper Sandler averaged at $85.67, implying a 21.02% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/UBER/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="389" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12013913/Uber-Tech-ANR-1024x389.png" alt="" class="wp-image-819963" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12013913/Uber-Tech-ANR-1024x389.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12013913/Uber-Tech-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12013913/Uber-Tech-ANR-768x292.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12013913/Uber-Tech-ANR.png 1069w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44244980/trumps-economic-plan-too-quick-and-too-painful-economist-warns-stocks-could-drop-30-50-after-mondays-mayhem" target="_blank" rel="noreferrer noopener">Trump's Economic Plan ‘Too Quick' And ‘Too Painful:' Economist Warns Stocks Could Drop 30-50% After Monday's Mayhem</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

UBER

Uber Axes Foodpanda Takeover Deal In Taiwan: Here's What Benzinga's Edge Rankings Show

EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) reported quarterly losses of $(0.07) per share which met the analyst consensus estimate. This is a 75 percent decrease over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $22.50 million which missed the analyst consensus estimate of $23.37 million by 3.70 percent. This is a 182.20 percent increase over sales of $7.97 million the same period last year.

Earnings Misses

EHang Holdings Q4 2024 GAAP EPADS $(0.07), Inline, Sales $22.50M Miss $23.37M Estimate

Reported Earlier, Singapore Airlines And Salesforce Unite To Deploy AI-Powered Customer Service Platform, Plan Industry-Wide Innovation Hub

Mineralys intends to use the net proceeds from the proposed offering to fund clinical development of lorundrostat, including research and development and manufacturing, and pre-commercialization activities, as well as for working capital and general corporate purposes.

MLYS

Reported Earlier, Mineralys Therapeutics Prices $175M Public Offering Of 12,962,962 Common Shares At $13.50/Share

President Donald Trump&#8216;s net worth has seen a significant drop of nearly $300 million. This financial hit is largely attributed to a sharp decline in the shares of&nbsp;Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
What Happened: The shares of Trump Media &amp; Technology Group plummeted to their lowest level since October. This has resulted in a decrease in Trump&#8217;s net worth, which now stands at $4.6 billion, reported <a href="https://www.forbes.com/sites/antoniopequenoiv/2025/03/10/trumps-net-worth-slides-300-million-as-trump-media-shares-hit-5-month-low/">Forbes</a> on Tuesday. This decline is part of a larger trend following a $2.4 billion decrease since mid-January, a period that marked a surge in Trump&#8217;s net worth due to a rally in Trump Media shares.
The stock of Trump Media closed down 11.4% at $19.92 per share on Monday as per Benzinga Pro, the&nbsp;lowest trading price in five&nbsp;months. The shares have now lost over 40% in 2025,&nbsp;after opening the year at&nbsp;$34.02. From Trump&#8217;s Inauguration Day on Jan 20, the stock plunged 50%. 
Trump Media, the parent company of Truth Social, became publicly traded nearly a year ago through a merger with a special purpose acquisition company.
This decline in Trump Media shares coincides with&nbsp;a broader stock market selloff,&nbsp;that followed Trump&#8217;s recent comments&nbsp;in a Fox News interview, where he did not dismiss the possibility of&nbsp;a recession in 2025 and&nbsp;stated, &#8220;You can&#8217;t really watch the stock market.&#8221; He also stated that the economy faces a period of &#8216;transition&#8217;. 
SEE ALSO: <a href="https://www.benzinga.com/markets/25/03/44212993/palantir-ceo-alex-karp-meets-hyundai-vice-chair-to-enhance-ai-shipyard-defense-collaboration-amid-trumps-call-for-us-shipbuilding-revival">Palantir CEO Alex Karp Meets Hyundai Vice Chair to Enhance AI Shipyard, Defense Collaboration Amid Trump&#8217;s Call for US Shipbuilding Revival</a>
Why It Matters: The decline in Trump Media&#8217;s stock on Monday is not an isolated event. From late February, the stock has <a href="https://www.benzinga.com/25/02/44040878/trump-media-stock-craters-70-from-highs-is-there-any-floor-left">been in a free fall,</a> trading at a staggering 70% discount from its 52-week high of $79.38, reached on March 26, 2024. 
In February, Trump Media reported&nbsp;a loss of $400 million&nbsp;for the full year in 2024, while it clocked in $3.6 million in revenue.
Furthermore, growing concerns over macroeconomic items like tariffs have been highlighted by several analysts and experts. As a result, investors are becoming increasingly cautious with fears of a potential recession growing. 
BlackRock&nbsp;CEO Larry Fink <a href="https://www.benzinga.com/news/25/03/44238063/2025-will-be-a-rocky-year-says-blackrocks-larry-fink-but-he-believes-the-world-and-the-us-will-get-by-and-that-its-time-to-buy-the-dip">recognized that 2025 </a>will be marked by uncertainty, citing inflation, market volatility, and evolving global trade policies.&nbsp;Despite anticipated volatility, Fink views market downturns as investment opportunities. "For long-term investors, if there&#8217;s a big dip, good. Good time to buy," he stated.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/news/legal/25/03/44148887/trump-may-lose-interest-in-legal-marijuana-during-disorderly-situation-conservative-cabinet-says-analyst-could-musk-come-to-the-rescue">Trump May Lose Interest In Legal Marijuana During &#8216;Disorderly Situation,&#8217; Conservative Cabinet, Says Analyst; Could Musk Come To The Rescue?</a></li>
</ul>
<em style="color: rgb(45, 45, 45); font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's Net Worth Plummets By Nearly $300M As DJT Stock Drops To Its Lowest Since October

Elon Musk-led SpaceX has partnered with Jio Platforms Ltd., led by India's richest man, Mukesh Ambani to offer its Starlink satellite internet services in India.
What Happened: SpaceX partnered with Jio a day after <a href="https://www.benzinga.com/general/space/25/03/44244377/elon-musks-spacex-partners-with-airtel-to-launch-starlink-in-india-weeks-after-pm-narendra-modis-us-visit">inking</a> a similar pact with Jio's rival Bharti Airtel.
Jio intends to distribute Starlink solutions through its retail outlets and online platforms, leveraging its status as the world's largest mobile operator by data traffic.
This partnership aims to expand internet connectivity across the nation. The collaboration is contingent upon regulatory approvals for SpaceX to sell Starlink services in India.
Jio Platforms plans to utilize Starlink's low Earth orbit satellite technology to deliver reliable broadband connectivity across India, including its most remote areas. The company will establish a customer service, installation, and activation support system.
SEE ALSO:<a href="https://www.benzinga.com/general/space/25/03/44244377/elon-musks-spacex-partners-with-airtel-to-launch-starlink-in-india-weeks-after-pm-narendra-modis-us-visit"> Elon Musk&#8217;s SpaceX Partners With Airtel To Launch Starlink In India, Weeks After PM Narendra Modi&#8217;s US Visit</a>
"We are looking forward to working with Jio and receiving authorization from the Government of India to provide more people, organizations and businesses with access to Starlink's high-speed internet services," said Gwynne Shotwell, President and Chief Operating Officer of SpaceX.
Why It Matters: With the new partnerships, SpaceX has expanded its addressable market by over 850 million users. As per data from the Telecom Regulatory Authority of India (TRAI), Reliance Jio has over 465 million subscribers and Bharti Airtel has over 385 million subscribers as of Dec. 31, 2024.
This comes weeks after Musk <a href="https://www.benzinga.com/25/02/43718656/will-tesla-finally-enter-india-modi-musk-meeting-reportedly-focused-on-tariffs-starlink-licensing-and-spacex-collaboration">met</a> with Indian Prime Minister Narendra Modi in Washington D.C during his visit.
India's Department of Telecommunications had earlier requested <a href="https://www.benzinga.com/government/24/10/41645376/india-asks-elon-musks-starlink-and-jeff-bezos-amazon-for-security-assurances-as-they-look-to-enter-b">security assurances</a> from satellite communication providers like Starlink and Amazon.
Additionally, both <a href="https://www.benzinga.com/news/24/10/41566638/elon-musk-and-jeff-bezos-satcom-firms-push-for-lower-spectrum-charges-in-india-foray-report">Starlink and Amazon's Project Kuiper</a> have been advocating for reduced spectrum charges and long-term licenses to make satellite services more affordable for Indian consumers.
Read Next:
<a href="https://www.benzinga.com/markets/25/03/44242181/elon-musk-admits-juggling-between-tesla-doge-is-difficult-says-running-businesses-with-great-difficulty-as-tsla-stock-plunges-50-in-3-months">Elon Musk Admits Juggling Between Tesla, DOGE Is Difficult, Says Running Businesses ‘With Great Difficulty' As TSLA Stock Plunges 50% In 3 Months</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

SPACE

Global

Elon Musk's SpaceX Inks Agreements With India's Top Telecom Providers For Starlink, Expanding Access To 850 Million Users

Concurrently with the pricing of the Notes in the Offering, the Company entered into separate and individually negotiated transactions with certain noteholders of the 2026 Notes to repurchase for approximately $370.3 million in cash, $368.0 million aggregate principal amount of its 2026 Notes, on terms individually negotiated with each such noteholder of the 2026 Notes with or through one of the initial purchasers and/or its affiliate.&nbsp;

LCII

Reported Earlier, LCI Industries Prices $400M In 3.00% Convertible Senior Notes Due 2030 To Refinance Debt And Repurchase Shares

QBTS

SKYT

SkyWater-Fabricated Qubits Drive D-Wave's Quantum Supremacy Milestone In Landmark Scientific Breakthrough

Legal

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. – NWTN

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. - NWTN

NWTN Inc. Investors: Company Investigated by the Portnoy Law Firm

Bragar Eagel & Squire, P.C. Is Investigating Sprinklr and NWTN and Encourages Investors to Contact the Firm

Nasdaq Grants NWTN Extension to File its Annual Report on Form 20-F

NWTN Receives Nasdaq Staff Delisting Determination for Non-Compliance with Listing Rule 5250(c)(1)

NWTN and W Motors Announce Strategic Joint Venture to Redefine the Future of Automotive Innovation

NWTN

NWTNW

Thunder Power Holdings, Inc. - Common Stock

Thunder Power Holdings

Cenntro

Chijet Motor Company, Inc. - Ordinary Shares

Chijet Motor Co

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design

Ford Motor

Faraday Future Intelligent Electric Inc. - Class A Common Stock

Faraday Future

Fly-E Group

General Motors

Honda Motor Co

Lucid Group

Li Auto Inc. - American Depositary Shares

Li Auto

Lotus Technology Inc. - American Depositary Shares

Lotus Technology

NIO Inc. American depositary shares, each representing one Class A ordinary share

Phoenix Motor

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Rivian Automotive, Inc. - Class A Common Stock

Rivian Automotive

Thor Industries

Toyota Motor

Tesla

VinFast Auto

Winnebago Industries

Workhorse Gr

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng

ZEEKR Intelligent Technology Holding Limited American Depositary Shares (each representing ten (10) Ordinary Shares)

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