El interés en corto de Rivian Automotive da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Rivian Automotive. Los datos de interés en corto se actualizan cada dos semanas.

Rivian Automotive (NASDAQ:RIVN) Bolsa, Informe de interés en corto

RIVIAN AUTOMOTIVE INC-A

Rivian Automotive

Rivian Automotive Inc is an automotive manufacturer that develops and builds electric vehicles ("EVs") as well as software and services. It launches its consumer vehicle business with the R1 platform consisting of two vehicles: the R1T, and the R1S. The company has two reportable segments: Automotive, which derives the majority of revenue, and Software and Services segment. The Automotive reportable segment derives its revenues and cost of revenues from the production and sale of new EVs and the sale of regulatory credits generated by the production and sale of EVs. The Software and services reportable segment derives its revenues and cost of revenues primarily from remarketing, vehicle repair and maintenance services, and vehicle electrical architecture and software development services.

Nvidia, Meta, Sarepta, D-Wave, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Equities

News

Short Sellers

Markets

LULU

RIVN

TSLA

Explora qué acciones destacaron ayer en Wall Street tras reportes financieros, caídas sorpresivas y nuevos aranceles automotrices.

Lululemon, Applovin, Hertz, Rivian, Tesla: 5 acciones que están en el radar de los inversores

Tesla

Las acciones de Tesla han caído un 19% desde 2022, mientras el mercado sube. ¿Está en riesgo el dominio de Musk?

Apostar contra Tesla (TSLA) desde 2022 fue un éxito: ¿Qué sigue para Elon Musk?

Politics

Tech

XPEV

Startups chinas de vehículos eléctricos suben tras investidura de Trump. Tesla resiste mientras Rivian cae por posibles cambios regulatorios.

Acciones de Nio, Li Auto y Xpeng suben tras anuncios de Trump sobre vehículos eléctricos

Rivian Automotive, Inc. - Class A Common Stock

Rivian Automotive Inc

LPL intends to use the net proceeds of this offering to fund a portion of the cash consideration payable in connection with its previously announced proposed acquisition of Commonwealth Financial Network (the "Transaction") and, to the extent that any proceeds remain thereafter, or if the Transaction is not completed, for general corporate purposes. In addition to the net proceeds from this offering, LPL expects to use available cash and other borrowings to fund the purchase price for the Transaction.

LPLA

Reported Earlier, LPL Financial Prices Public Offering Of 4.69M Shares At $320.00 Per Share

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation announced that it has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC ("TGNR"), a company indirectly owned by Tokyo Gas Co., Ltd. ("Tokyo Gas") and Castleton Commodities International LLC ("CCI"), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development. Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively.
&nbsp;

Chevron Sells 70% Of East Texas Gas Assets For $525M, Retains 30% Working Interest

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Ultralife Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) to report quarterly earnings at 15 cents per share on revenue of $40.00 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Ultralife shares gained 3.7% to $5.58 in after-hours trading.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) reported that it delivered 33,205 Smart EVs, representing a 268% surge year-over-year, and topping 30,000 units for the fifth month in a row. For the first quarter, the company delivered 94,008 Smart EVs, representing a 331% year-over-year surge. XPENG shares gained 0.3% to $20.79 in the after-hours trading session.</li>
<li>Analysts are expecting nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) to post quarterly earnings at 19 cents per share on revenue of $140.84 million. The company will release earnings after the markets close. nCino shares gained 2.4% to $28.13 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Allarity Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) reported FY24 financial results and beat its earnings expectations. Allarity Therapeutics shares jumped 8.9% to $1.0199 in the after-hours trading session.</li>
<li>Analysts expect Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) to post a quarterly loss at 6 cents per share on revenue of $329.61 million after the closing bell. Sportsman&#8217;s Warehouse shares gained 10.7% to $1.10 in the after-hours trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44561974/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Pre-Market Outlook

Trading Ideas

ALLR

NCNO

SPWH

ULBI

XPeng, Ultralife And 3 Stocks To Watch Heading Into Tuesday

Reported Earlier, Lead Real Estate Announces Transfer Of ADSs To Nasdaq Capital Market

Reported Earlier, Grupo Aeroportuario del Pacífico Extends $60M Credit Line For MBJ Airports, New Maturity Date Set For 2029

nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) will release its fourth-quarter financial results after the <a href="https://www.benzinga.com/quote/NCNO/earnings">closing bell on Tuesday, April 1</a>.
Analysts expect the Wilmington, North Carolina-based company to report quarterly earnings at 19 cents per share, down from 21 cents per share in the year-ago period. nCino projects quarterly revenue of $140.81 million, compared to $123.69 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 11, nCino announced the acquisition of Sandbox Banking, a digital transformation leader serving the financial services industry.
nCino shares fell 5% to close at $27.47 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Raymond James analyst Alexander Sklar maintained an Outperform rating and cut the price target from $44 to $42 on March 25, 2025. This analyst has an accuracy rate of 70%.</li>
<li>Stephens &amp; Co. analyst Charles Nabhan reiterated an Equal-Weight rating with a price target of $38 on March 20, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Barclays analyst Saket Kalia upgraded the stock from Equal-Weight to Overweight with a price target of $44 on Jan. 6, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and cut the price target from $41 to $39 on Dec. 6, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Needham analyst Mayank Tandon maintained a Buy rating and boosted the price target from $40 to $45 on Dec. 5, 2024. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying NCNO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="423" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01033113/image-1024x423.png" alt="" class="wp-image-850518" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01033113/image-1024x423.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01033113/image-300x124.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01033113/image-768x317.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01033113/image.png 1452w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44561974/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>

Earnings

Price Target

Analyst Ratings

nCino Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

DOOO

Reported Earlier, BRP Announces Sale Of Telwater To Yamaha Motor Australia; Deal Terms Not Disclosed

The Company intends to use the net proceeds from this offering, together with the expected incurrence of approximately $650 million aggregate principal amount of senior indebtedness, subject to market conditions, and cash on hand, to fund the consideration payable by the Company in the previously-announced pending acquisition of New Fortress Energy, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) business in Jamaica for $1.055 billion, subject to certain adjustments. The closing of the offering is not conditioned upon the closing of the pending acquisition.

Reported Earlier, Excelerate Energy Prices $184.3M Public Offering Of 6.96M Common Class A Shares At $26.50 Per Share

Two major Michigan business organizations have warned that President Donald Trump&#8216;s planned 25% tariffs on imported vehicles and parts would severely damage the state&#8217;s auto-dependent <a href="https://www.benzinga.com/25/03/44577203/tom-lee-says-markets-are-deeply-oversold-expects-bitcoin-to-lead-rebound-as-investors-fear-trumps-tariff-impact">economy and harm the working class</a>.
What Happened: The Detroit Regional Chamber and MichAuto urged the administration on Monday in a letter to halt the tariffs set to take effect on Thursday, cautioning they would cause &#8220;significant price increases&#8221; for American consumers and &#8220;profound&#8221; pain in Michigan, where one in five jobs is automotive-related.
&#8220;The tariff policies proposed will increase prices, drive down consumer demand, and therefore, lower the profitability of our companies, directly impacting the hardworking Americans who assemble the iconic vehicles,&#8221; the letter stated. 
The groups noted that Michigan houses over 1,000 automotive suppliers, many being small and medium-sized businesses with fragile balance sheets that depend on predictable supply chains. Price increases would &#8220;disproportionately&#8221; affect working-class and middle-class families, potentially causing consumers to keep older vehicles longer.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44576728/bitcoin-ethereum-dogecoin-rise-as-trumps-foray-into-btc-mining-analyst-highlights-spike-in-one-of-the-most-important-key-stakeholder-tiers-in-crypto" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As Trump Family Foray Into BTC Mining: Whale Wallet Spike ‘Slight Sign Of Confidence,' Says Analyst</a>
Why It Matters: Republican opposition to the tariffs is growing. Sen. Susan Collins (R-Maine) plans to support a resolution to terminate the national emergency declaration used to justify the tariffs, calling them &#8220;a huge mistake.&#8221; Sen.&nbsp;Rand Paul&nbsp;(R-Ky.) and Sen.&nbsp;Thom Tillis&nbsp;(R-N.C.) have <a href="https://www.benzinga.com/news/global/25/04/44578477/gop-senators-call-trumps-25-canada-tariff-a-huge-mistake-as-republican-opposition-grows-markets-fear-economic-disruption">expressed similar concerns</a>.
The Alliance for Automotive Innovation, representing General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and others, has warned that the tariffs will increase vehicle costs for consumers.
Markets have shown volatility amid tariff uncertainty, with technology stocks like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) driving much of the recent quarterly decline in major indexes.
Read Next:
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<li><a href="https://www.benzinga.com/media/25/03/44577045/intels-new-ceo-lip-bu-tan-says-trump-administration-ready-to-help-beleagured-chipmaker-warns-bureaucracy-kills-innovation" target="_blank" rel="noreferrer noopener">Intel's New CEO Lip-Bu Tan Says Trump Administration Ready To Help Beleaguered Chipmaker, Warns ‘Bureaucracy Kills Innovation'</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.

HYMTF

STLA

Trump's 25% Tariff On Imported Vehicles Could Shatter Detroit's Auto Economy, Warns Business Leaders: 'It Will Hurt Hardworking Americans'

The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.

SYNX

Reported Earlier, Silynxcom Prices $2.9M Public Offering Of 1.29M Shares At $2.25 Per Share

<ul>
<li>ABRYSVO is the first and only RSV vaccine approved in the European Union (EU) for non-pregnant adults aged 18-49</li>
</ul>

Pfizer's ABRYSVO RSV Vaccine Gains EU Approval For Adults Aged 18-59, Offering Broader Protection Against Lower Respiratory Tract Disease

<ul>
<li>Company has prevailed in 16 of 17 ovarian cases tried in the last 11 years</li>
<li>Company will reverse approximately $7 billion from amounts previously reserved for the bankruptcy resolution</li>
</ul>

Reported Earlier, Johnson & Johnson Shifts Focus Back To Tort System, Will Litigate Talc Claims After Bankruptcy Court Denial

Defense and aerospace stocks have emerged as a bright spot amid <a href="https://www.benzinga.com/news/econ-s/25/03/44567966/stocks-fall-sp-500-eyes-worst-month-in-almost-two-years-oil-rallies-whats-driving-markets-monday">turbulent and chaotic broader market conditions</a>, with the iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) up 5.7% year-to-date and the VanEck Defense UCITS ETF (LON: DFNG) up 20.81%, while the S&amp;P 500 and the Nasdaq have declined 4% and 10%, respectively, during the same period.
What Happened: However, there are concerns about the Elon Musk-led Department of Government Efficiency cutting the federal budget by $1 trillion before May this year, a move which could weigh on the sector.
The US defense industry is a key beneficiary of the $850 billion annual defense budget, which is expected to see deep cuts along with the rest of the government machinery as part of the DOGE initiative.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stock / ETF / Indices</td>
<td>Current Price</td>
<td>RSI</td>
<td>Year-to-Date Performance</td>
<td>52-Week Range</td>
</tr>
<tr>
<td>RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>)</td>
<td>$132.46</td>
<td>54.36</td>
<td>+16.45&nbsp;(+14.18%)</td>
<td>97.03 &#8211; 136.17</td>
</tr>
<tr>
<td>L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>)</td>
<td>$209.31</td>
<td>48.57</td>
<td>+1.95&nbsp;(+0.94%)</td>
<td>193.09 &#8211; 265.74</td>
</tr>
<tr>
<td>General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>)</td>
<td>$272.58</td>
<td>64.09</td>
<td>+11.57&nbsp;(+4.43%)</td>
<td>239.87 &#8211; 316.90</td>
</tr>
<tr>
<td>TransDigm Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>)</td>
<td>$1,383.29</td>
<td>57.29</td>
<td>+129.18&nbsp;(+10.30%)</td>
<td>1,176 &#8211; 1,451</td>
</tr>
<tr>
<td>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</td>
<td>$446.71</td>
<td>45.14</td>
<td>-35.54&nbsp;(-7.37%)</td>
<td>419.70 &#8211; 618.95</td>
</tr>
<tr>
<td>Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)</td>
<td>$512.10</td>
<td>54.51</td>
<td>+44.00&nbsp;(+9.40%)</td>
<td>418.60 &#8211; 555.57</td>
</tr>
<tr>
<td>Palantir Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>$84.40</td>
<td>39.80</td>
<td>+9.21&nbsp;(+12.25%)</td>
<td>20.33 &#8211; 125.41</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">RSI or Relative Strength Index is a technical indicator used to gauge momentum in a security. It essentially measures the speed and magnitude of price changes, helping traders identify oversold or overbought conditions in the market.</figcaption></figure>
See More: <a href="https://www.benzinga.com/25/03/44557947/doge-blowback-aside-elon-musk-considers-tesla-a-solid-opportunity">DOGE Blowback Aside, Elon Musk Thinks Tesla Stock Is Going To Do Fine: &#8216;It&#8217;s A Buying Opportunity&#8217;</a>
<a href="https://finance.yahoo.com/news/ubs-flags-risks-aerospace-stocks-193015871.html">UBS analysts</a> believe that defense contractors and even IT solutions providers with government exposure will see their earnings come under pressure in the near term. However, it goes on to add that any downside in defense stocks will be limited, highlighting that consensus estimates have moved higher since the elections.
This is partly owing to the low valuations in this space, relative to the rest of the market, and partly to the emergence of other nations as major buyers of defense products beyond just the United States.
What It Means: With growing threats from Russia alongside waning support from the US, NATO is making a renewed push to bolster its defense capabilities. Investments in defense across Europe could go from $340 billion to $720 billion, with plenty of opportunities coming the way of US-based contractors.
Besides this, tensions in the Middle East have led to a strong demand for weapon systems and ammunition, all of which stand to make up for any losses arising from DOGE-related budget cuts.
As we can see with Benzinga Edge, Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is seeing weak growth and momentum currently, but what about other major defense stocks? Check out <a href="http://12:31 https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for deeper insights.
Photo Courtesy: Andrew Angelov On Shutterstock.com
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="176" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01013413/Screenshot-2025-04-01-at-11.03.54-AM-1024x176.png" alt="" class="wp-image-850355" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01013413/Screenshot-2025-04-01-at-11.03.54-AM-1024x176.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01013413/Screenshot-2025-04-01-at-11.03.54-AM-300x52.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01013413/Screenshot-2025-04-01-at-11.03.54-AM-768x132.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01013413/Screenshot-2025-04-01-at-11.03.54-AM.png 1418w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:
<ul>
<li> <a href="https://www.benzinga.com/markets/25/03/44577159/jim-cramer-asks-trump-to-take-stock-as-markets-swing-again-ahead-of-liberation-day">Jim Cramer Asks Trump To Take Stock As Markets Swing Again Ahead Of &#8216;Liberation Day&#8217;</a></li>
</ul>

Government

iShares Dow Jones US Aerospace & Defense Index Fund

PLTR

Palantir, Northrop Shine Despite Market Mayhem, But Will Elon Musk's DOGE Rain On The Defense Rally?

The reported rivalry between Tim Cook&#8216;s Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Elon Musk&#8216;s SpaceX is heating up over satellite technology designed to eliminate cellphone dead zones.
What Happened: Apple is pouring significant resources into satellite-based communications, while SpaceX has already launched over 550 satellites for its Starlink service. According to a <a href="https://www.wsj.com/tech/apple-elon-musk-satellite-cell-phone-services-ed2d2730">report</a> by The Wall Street Journal on Tuesday, both companies are vying for limited spectrum rights to transmit their signals, leading to increased tensions. Apple&#8217;s satellite investments have reportedly irked Musk, leading SpaceX to lobby regulators to delay an Apple-backed satellite expansion.
Apple, SpaceX did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The conflict escalated when SpaceX and its partner, T-Mobile (NYSE: TMUS, approached Apple for collaboration to <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">bring Starlink to iPhones</a>. After intense negotiations, an agreement was reached allowing&nbsp;the SpaceX and T-Mobile satellite&nbsp;cellphone service to appear on newer iPhones. Notably, Apple will maintain strict control over the iPhone&#8217;s mostly closed software ecosystem.
Last year, the tech giant invested more than $1 billion in satellite <a href="https://www.benzinga.com/tech/25/03/44111677/apple-partner-globalstar-teams-up-with-gct-semiconductor-to-power-satellite-messaging-with-iot-chips">operator Globalstar</a>, which powers Apple&#8217;s built-in satellite connectivity feature for iPhones. This&nbsp;service allows users to send&nbsp;text messages and call for emergency assistance in areas without traditional cellphone service.
See Also:&nbsp;<a href="https://benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoing-before-2028" target="_blank" rel="noreferrer noopener">Perplexity CEO Aravind Srinivas Shuts Down Financial Rumors, Says AI Search Startup Has &#8216;No Plans Of IPOing Before 2028&#8217; &#8211; Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) &#8211; Benzinga</a>
However, SpaceX recently urged the Federal Communications Commission to reject Globalstar&#8217;s application for permission to utilize specific spectrum for Apple&#8217;s new satellite network.
Why It Matters: The ongoing rivalry between Apple and SpaceX underscores the growing significance of satellite technology in the telecommunications industry. 
Elon Musk and Apple are in a feud over satellite services, as both companies see potential benefits from greater connectivity in remote areas—boosting iPhone sales for Apple and Starlink adoption for SpaceX. While they have discussed linking iPhones with SpaceX satellites, no deal has materialized. 
Their rivalry extends beyond satellites, including past competition for driverless car talent and tensions over Apple's control of app distribution and advertising on X. Musk has even considered creating his own smartphone out of frustration with Apple's control over third-party apps.
Benzinga Edge Stock Rankings highlight strong momentum and growth rankings for Apple in the 81st and 45th percentiles, respectively. Curious how other stocks stack up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a> to uncover growth and momentum scores for top stocks.
<ul>
<li>Read Next:&nbsp;<a href="https://benzinga.com/markets/25/03/44556147/mark-cuban-warns-of-red-rural-recession-as-hundreds-of-small-town-maga-supporters-reportedly-lose-federal-jobs-their-finances-will-be-turned-upside-down" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Of &#8216;Red Rural Recession&#8217; As Hundreds Of Small Town MAGA Supporters Reportedly Lose Federal Jobs &#8211; Benzinga</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.

AAPL

AMZN

TMUS

Tim Cook's Apple And Elon Musk's SpaceX Engage In A Heated Battle Over Satellite Tech And App Control: Report

HLLY

Reported Earlier, Holley's Attempt To Amend Court Order Denied, $2M In Disgorged Profits To Go To Specialty Auto Parts U.S.A.

Management

Reported Earlier, SJW Group Promotes Ann P. Kelly To CFO And Treasurer, Effective July 1

After Palo Alto Networks Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) management expressed its opinions about being open to using more affordable, open-source artificial intelligence models, this analyst has warned that the demand for AI hardware could be a larger problem going ahead.
What Happened: Palo Alto&#8217;s CEO, Nikesh Arora, hinted at adopting a pragmatic approach to AI spending, prioritizing cost-effectiveness and utilizing resources efficiently.
According to Dan Niles, the founder and portfolio manager of Niles Investment Management, over the weekend, Arora told the Information that "For the tasks where we're getting efficiencies and driving lower costs, I don't think the model's IQ needs to be much higher than it already is…and I don't want to pay a dollar for that. I'd rather pay five cents.&#8221;
This led Niles to express concerns about future AI-related hardware demand, which implies chipmakers. According to him, if major companies like Palo Alto Networks are reducing their projected AI spending, this could have a large effect on the companies that produce the hardware required to run AI.
&#8220;The AI digestion phase may be a larger problem than I am anticipating for hardware demand,&#8221; said Niles.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/search?q=%24PANW&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PANW</a> CEO said over the weekend on AI spending. "For the tasks where we're getting efficiencies and driving lower costs, I don't think the model's IQ needs to be much higher than it already is…and I don't want to pay a dollar for that. I'd rather pay five cents." This is in…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1906721266536444371?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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According to the <a href="https://www.benzinga.com/gov-trades/members/nancy-pelosi">financial disclosures</a> filed on Jan. 17, former House Speaker Nancy Pelosi (D-Calif.) exercised 140 call options of Palo Alto on Dec. 20, 2024. She owns 14,000 shares worth $1 million to $5 million as of the last disclosure. 
PANW CEO Arora later clarified in an X post that the company&#8217;s approach suggests a move towards task-specific AI spending, where they allocate resources based on the specific requirements of each task.
He explained, they are not committed to a &#8216;one-size-fits-all&#8217; approach to AI, but rather a more targeted and economical one.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To be clear &#8211; my view is there will be horses for courses, over time models will be task specific, and not all tasks need AGI. The task specificity will make it easier to use LLMs for a lot more, encouraging more pervasive use. However there continues to be a &quot;good data&quot; problem… <a href="https://t.co/2E4oGVWfp8">https://t.co/2E4oGVWfp8</a>
&mdash; Nikesh Arora (@nikesharora) <a href="https://twitter.com/nikesharora/status/1906705826964021312?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-recovery">Goldman Sachs Warns US Stocks &#8216;Are At Risk Of Further Declines,&#8217; But Policy Pivot From Trump Or Fed Could Stoke Recovery</a>
Why It Matters: Niles said that <a href="https://www.benzinga.com/25/03/44557872/coreweaves-tough-ipo-a-warning-sign-for-ai-investment-expert-highlights-nvidia-lifeline-microsofts-rejection-raises-red-flags">capital expenditure on AI</a> was a larger problem than he anticipated because in a post dated March 31, he had said, "AI capex spending by mid-year will be going through a digestion phase due to a slowdown in training demand.&#8221;
"Longer-term, I still believe AI capex spending is likely to double by the end of the decade from current levels driven by inference demand,&#8221; he added.
This also follows Alibaba Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) chairman, Jack Ma‘s March 25 statement on AI spending, where he said that pouring a lot of money ahead of significant demand wasn't "entirely necessary".
Price Action: Shares of PANW declined 1.23% on Tuesday and fell further by 0.44% in after-hours. Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, slipped 0.004% to $468.92 during the same session.
PANW has fallen 5.59% on a year-to-date basis, whereas it was up 22.14% over a year.
Benzinga Edge Stock Rankings shows that PANW&#8217;s price trend is strong over the medium and the long term, whereas the short-term trend was weak. It has a sturdy momentum ranking at the 98.40th percentile. To know more about its fundamentals and valuation, you could check the other rankings with <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">greater detail over here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/PLTR"><img loading="lazy" decoding="async" width="814" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024310/panw-edge.png" alt="" class="wp-image-850431" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024310/panw-edge.png 814w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024310/panw-edge-300x51.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024310/panw-edge-768x130.png 768w" sizes="(max-width: 814px) 100vw, 814px" /></a></figure>
Its consensus price target was $321.4, with a ‘buy' rating, based on the <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">41 analysts tracked by Benzinga</a>. The price targets ranged from a low of $130 to a high of $450. The latest ratings from Jefferies, Truist Securities, and Rosenblatt averaged $218.33, implying a 28.51% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PANW/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="377" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024341/panw-anr-1024x377.png" alt="" class="wp-image-850432" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024341/panw-anr-1024x377.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024341/panw-anr-300x110.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024341/panw-anr-768x282.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/01024341/panw-anr.png 1077w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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