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

Society Pass (NASDAQ:SOPA) Bolsa, Informe de interés en corto

Society Pass

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together to transform how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in Six reportable operating segments: Online Grocery and Food and grocery deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Society Pass Inc

U.S. tariffs imposed by President Donald Trump on imports from Canada, Mexico, and China are rattling markets and stirring sharp reactions from economists. The measures, which include a 25% duty on most Canadian and Mexican goods and a 10% tariff on Chinese imports, have heightened concerns over supply chain disruptions and increased costs for American businesses and consumers.
What Happened: Mohamed El-Erian, Chief Economic Advisor at Allianz, highlighted market reactions on social media platform X. "Same outcome for Canada in terms of both the 30-day ‘pause' and the currency retracement," El-Erian wrote on Monday. 
His analysis, supported by a currency chart, showed the Canadian Dollar trading at 1.4421—a minor decline from previous levels following a volatile spike to 1.4791 on Monday. The chart's clear peak and subsequent correction suggest heightened market activity amid tariff-related news.
El-Erian's commentary extended to the Mexican Peso, which exhibited a dramatic surge to 21.2879 before retreating to 20.6045 over three days. The rapid fluctuations were observed on a chart amid news of a temporary tariff pause. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Same outcome for Canada in terms of both the 30-day "pause" and the currency retracement. <a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/tariffs?src=hash&amp;ref_src=twsrc%5Etfw">#tariffs</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/hashtag/canada?src=hash&amp;ref_src=twsrc%5Etfw">#canada</a> <a href="https://t.co/60WfVTpGix">https://t.co/60WfVTpGix</a> <a href="https://t.co/HQOFwmRenm">pic.twitter.com/HQOFwmRenm</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1886536684520735030?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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The pause comes after a call between Trump and Mexican President Claudia Sheinbaum, who confirmed on X that Mexico would deploy 10,000 National Guard troops to its northern border as part of a <a href="https://in.benzinga.com/government/regulations/25/02/43440692/us-mexico-agrees-on-one-month-tariffs-pause-stocks-rebound-peso-rallies">broader security and trade pact</a>.
Former Treasury Secretary Larry Summers noted Canada&#8217;s importance as a trade partner. &#8220;Canada is our friend. Canada is an important market for American products. Canada is a crucial co-producer with American automobile companies that enable North America to compete with Asia and Europe,&#8221; he wrote, directly challenging the tariff approach.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Canada is our friend. Canada is not an important source of illegal immigrants. Canada is not an important source of illegal drugs. Canada is an important market for American products. Canada is a crucial co-producer with American automobile companies that enable North America to…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1886556528062423534?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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Economist Justin Wolfers highlighted a post from former National Economic Council member Brendan Duke while using a &#8220;Sex and the City&#8221; metaphor to analyze trade tensions. 
Wolfers argued that transactional diplomacy alienates economic partners, echoing Duke's point that "the main accomplishment of Trump's fake almost trade war is that no business is going to make a huge capital investment assuming tariff-free North American trade, even after the USMCA renegotiation."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Or if you prefer this said in more standard econ terms:<a href="https://t.co/fsuEht9iBp">https://t.co/fsuEht9iBp</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1886558517940633847?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/government/regulations/25/02/43451675/bessent-freezes-consumer-financial-protection-bureau-work-leaving-lawsuits-against-jpmorgan-bank-of-america-capital-one-in-limbo">Bessent Freezes Consumer Financial Protection Bureau Work Leaving Lawsuits Against JPMorgan, Bank Of America, Capital One In Limbo</a>
Why It Matters: The U.S. Chamber of Commerce and finance experts warn that these measures could trigger higher prices on everyday items, ranging from <a href="https://in.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">auto parts to construction materials</a>. With one-third of U.S. imports coming from these nations, the full impact on sectors like automotive and consumer electronics remains uncertain. 
Investors and market analysts will be closely monitoring developments as high-level trade talks continue under the oversight of officials including U.S. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43452791/bitcoin-ethereum-dogecoin-stage-strong-rebound-as-trump-pauses-canada-mexico-tariffs-analyst-flags-significance-of-101000-for-btc">Bitcoin, Ethereum, Dogecoin Stage Strong Rebound As Trump Pauses Canada, Mexico Tariffs: Analyst Flags Significance Of $101,000 For BTC</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.

News

Economics

Markets

Mohamed El-Erian Flags Market Jitters As Trump Tariff Pause On Canada Triggers Currency Swings — Larry Summers Warns Of Trade Fallout

Palantir Technologies Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) chief technology officer Shyam Sankar warned that the U.S. is in an "AI arms race" with China, calling for <a href="https://www.benzinga.com/markets/equities/25/02/43420511/palantir-ceo-alex-karp-sounds-alarm-on-chinas-deepseek-could-this-threaten-palantirs-ai-dominance">urgent action</a> to maintain dominance as the race for artificial intelligence escalates.
What Happened: During Palantir's <a href="https://in.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">fourth-quarter earnings</a> call, Sankar responded to a question about the impact of China's DeepSeek AI model on Palantir.&nbsp;
&#8220;One of the obvious lessons of DeepSeekR1 is something that we&#8217;ve been saying for the last two years, which is that the models are commoditizing,&#8221; Sankar said, underscoring that both closed and open-source AI models are becoming increasingly similar while inference costs are plummeting.
See Also: <a href="https://www.benzinga.com/25/02/43453280/peter-thiels-palantir-sounds-alarm-on-chinas-deepseek-citing-national-security-threat-but-says-it-wont-drop-clients-who-use-it">Palantir Sounds Alarm On China&#8217;s DeepSeek, Citing National Security Threat — But Won&#8217;t Drop Clients Who Use It</a>
However, he argued that the bigger concern is not <a href="https://in.benzinga.com/25/01/43379565/deepseeks-ai-model-shook-wall-street-but-a-new-report-says-chinese-state-accounts-helped-fan-the-flames">just AI competition</a>, but an all-encompassing economic, diplomatic, and technological war with China.
&#8220;We are at war with China. We are in an AI arms race,&#8221; Sankar declared, noting that he had disagreed with OpenAI CEO Sam Altman at the Senate AI Summit over whether cooperation with China in AI development was viable.
He said now that <a href="https://www.benzinga.com/news/25/01/43354099/openai-alleges-deepseek-used-proprietary-models-without-permission-as-microsoft-investigates-ai-secu">OpenAI is accusing China</a> of stealing U.S. AI intellectual property, it should erase any illusions about a collaborative approach. &#8220;We have to wake up with the respect for our adversary and realize that we are competing.&#8221;
Sankar stated that the AI race is a &#8220;winner-take-all&#8221; competition, requiring a nationwide effort. &#8220;M day was yesterday,&#8221; he warned, stressing that the time to mobilize is now.
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: Palantir posted fourth-quarter revenue of $827.52 million, surpassing the $775.91 million estimate. For the next quarter, it projects revenue between $858 million and $862 million, above the $799.35 million forecast.
Full-year 2025 revenue is expected to range from $3.74 billion to $3.76 billion, exceeding the $3.52 billion estimate.
Last month, DeepSeek&#8217;s AI model stirred significant attention on Wall Street, with Chinese state-affiliated accounts <a href="https://in.benzinga.com/25/01/43379565/deepseeks-ai-model-shook-wall-street-but-a-new-report-says-chinese-state-accounts-helped-fan-the-flames">reportedly amplifying</a> its launch. The U.S. is also investigating DeepSeek&#8217;s access to advanced Nvidia Corp's semiconductors, potentially violating an <a href="https://in.benzinga.com/25/01/43390988/deepseek-and-nvidia-under-us-investigation-ai-market-shakeup-wipes-out-1-trillion-in-tech-value">AI technology embargo</a>.
Price Movement: Palantir&#8217;s shares jumped 22.75% in after-hours trading to $102.79. Earlier on Monday, the stock closed at $83.74, up 1.52%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo 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>.
Read Next:
<ul>
<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.

Tech

PLTR

Palantir's Shyam Sankar: US Is At War With China In AI—And The Time To Act Was 'Yesterday'

Cryptocurrency trading behemoth Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) announced its registration as the UK&#8217;s largest&nbsp;cryptocurrency exchange on Monday, signifying a key step in its global growth strategy.
What Happened:&nbsp;Coinbase won&nbsp;a Virtual Asset Service Provider&nbsp;registration from the Financial Conduct&nbsp;Authority, the UK&#8217;s financial regulator, the company said in an X post. Coinbase said the registration makes it the biggest&nbsp;registered digital assets player in&nbsp;the country. 
 &#8220;The United Kingdom is our&nbsp;biggest international market, and this&nbsp;registration represents an important chapter&nbsp;in our international expansion strategy,&#8221; the firm added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Coinbase is now the UK's largest VASP. &#x1f1ec;&#x1f1e7; The United Kingdom is our biggest international market, and this registration represents an important chapter in our international expansion strategy. <a href="https://t.co/QdjP4XCtWb">pic.twitter.com/QdjP4XCtWb</a>
&mdash; Coinbase &#x1f6e1;&#xFE0F; (@coinbase) <a href="https://twitter.com/coinbase/status/1886413037113913422?ref_src=twsrc%5Etfw">February 3, 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>
Coinbase is the largest cryptocurrency exchange in the U.S. and one of the largest in the world, facilitating trades worth nearly $12 billion in the last 24 hours, <a href="https://www.coingecko.com/en/exchanges/coinbase-exchange">according </a>to CoinGecko. 
This announcement comes on the heels of&nbsp;<a href="https://www.benzinga.com/content/43422722/coinbase-acquires-spindl-to-boost-onchain-advertising-and-expand-base-ecosystem">Coinbase&#8217;s&nbsp;acquisition</a> of Spindl, an on-chain advertising and infrastructure platform, aimed at enhancing the visibility of projects built on its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) layer-2 network, Base.
The company is expected to report its fourth quarter and full-year results on Feb. 13 after market close.
Price Action: Shares of Coinbase popped 1.13% in after-hours trading, after closing down 2.38% at $284.41, 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>. Year-to-date, the stock has gained 14.54%.
Image via 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>

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

Cryptocurrency

$ETH

COIN

Coinbase Says It's Become UK's Largest Crypto Exchange After Securing Regulatory Approval

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) roared back into momentum on Monday, as investors welcomed President Donald Trump's temporary relief on tariffs.&nbsp;
What happened: XRP rallied as much as 20%, recouping losses taken on ‘Black Sunday,' which saw the third-largest cryptocurrency by market value fall to two-week lows.
In fact, XRP was the most successful large-cap cryptocurrency over the last 24 hours, outgaining Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>).
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>
The sentiment was bolstered by an intriguing video by Jack Dorsey, Twitter founder and a known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41227882/jack-dorseys-block-started-buying-bitcoins-four-years-ago-heres-how-much-they-are-worth-to">advocate</a>.
Dorsey posted a video on the decentralized social networking platform Primal, showing MicroStrategy co-founder Michael Saylor, a Bitcoin bull,  transforming into the symbol for XRP.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEW: &#x1f1fa;&#x1f1f8; Jack Dorsey Posted A Video of <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> Transforming Into <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> On Nostr! SAYLOR TRANSFORMING FROM <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> to XRP! What Do You Think Jack Means With This Post? Comment Below &amp; Follow For More!!&#x1f447;&#x1f447;<a href="https://twitter.com/hashtag/MichaelSaylor?src=hash&amp;ref_src=twsrc%5Etfw">#MichaelSaylor</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a> <a href="https://t.co/Dknt0c2Aw4">https://t.co/Dknt0c2Aw4</a> <a href="https://t.co/EWzoJ8E00J">pic.twitter.com/EWzoJ8E00J</a>
&mdash; Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1886486401736159708?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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Why It Matters: Several of XRP's technical indicators painted a bullish scenario.
The Momentum indicator, which compares the short-term price and long-term price, flashed a "buy" signal, <a href="https://in.tradingview.com/symbols/XRPUSD/technicals/">according </a>to TradingView.&nbsp;
Similarly, the Bull Bear Power indicator, which measures the strength of buyers and sellers, tilted in favor of the bulls.
More than 71% of XRP futures traders had long exposure to the cryptocurrency, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, indicating expectations of further upsides.
Meanwhile, Polymarket <a href="https://polymarket.com/event/ripple-etf-approved-in-2025">odds </a>that an XRP exchange-traded fund would get greenlighted in 2025 were at 80% as of this writing, following <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43351797/grayscale-seeks-sec-approval-to-convert-xrp-trust-into-exchange-traded-fund">filings</a> by Grayscale, CoinShares, and Bitwise.
Price Action: At the time of writing, XRP was exchanging hands at $2.70, up 20.81% 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>.
Image via 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>

Movers

Trading Ideas

$BTC

$SOL

$XRP

XRP Erases 'Black Sunday' Losses With 20% Surge As Jack Dorsey Posts Intriguing Video Featuring Bitcoin Bull Michael Saylor

On Monday, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) advised its clients to avoid using AI models from Chinese startup DeepSeek.
What Happened: Palantir&#8217;s chief revenue officer, Ryan Taylor, stated, &#8220;We would strongly discourage it [DeepSeek] and don&#8217;t think any customer in the U.S. government will be able to use it,&#8221; reported Reuters.
However, despite these concerns, Palantir will not sever ties with commercial clients who choose to use DeepSeek&#8217;s AI models, Taylor added.
See Also: <a href="https://www.benzinga.com/tech/25/02/43452421/aravind-srinivas-ceo-of-jeff-bezos-backed-perplexity-reveals-why-most-startups-fail-the-thing-that-most-people-get-wrong">Aravind Srinivas, CEO Of Jeff Bezos-Backed Perplexity, Reveals Why Most Startups Fail: &#8216;The Thing That Most People Get Wrong&#8230;&#8217;</a>
Federal agencies, such as NASA, have reportedly banned the use of DeepSeek&#8217;s technology by their employees.
Palantir reported <a href="https://in.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">fourth-quarter revenue</a> of $827.52 million, surpassing the consensus estimate of $775.91 million. For the first quarter, the company anticipates revenue between $858 million and $862 million, exceeding projections of $799.35 million.
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: Palantir CEO Alex Karp has previously highlighted the competitive threat posed by <a href="https://www.benzinga.com/markets/equities/25/02/43420511/palantir-ceo-alex-karp-sounds-alarm-on-chinas-deepseek-could-this-threaten-palantirs-ai-dominance">DeepSeek&#8217;s open-source AI model</a>, which offers lower development costs.
The <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks">White House</a> has also placed DeepSeek under scrutiny, with the National Security Council reviewing its implications. White House press secretary Karoline Leavitt described the situation as a &#8220;wake-up call to the American AI industry.&#8221;
A report by online analysis firm Graphika revealed that Chinese state-affiliated social media accounts <a href="https://in.benzinga.com/25/01/43379565/deepseeks-ai-model-shook-wall-street-but-a-new-report-says-chinese-state-accounts-helped-fan-the-flames">promoted DeepSeek&#8217;s AI models</a>, contributing to a significant downturn in U.S. tech stocks.
Price Action: Palantir's shares surged 22.75% in after-hours trading, hitting $102.79. Earlier on Monday, the stock closed at $83.74, reflecting a 1.52% gain, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo by Spyro the Dragon on Shutterstock
Read Next:
<ul>
<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&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; 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.

Media

Palantir Sounds Alarm On China's DeepSeek, Citing National Security Threat — But Won't Drop Clients Who Use It

On Monday, a federal appeals court in San Francisco showed skepticism toward Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) efforts to overturn a jury verdict in favor of Fortine-maker Epic Games.
What Happened: The jury had sided with Epic in 2023, accusing Google of imposing <a href="https://www.benzinga.com/general/24/10/41124211/epic-games-starts-a-new-battle-with-google-and-samsung">restrictive policies</a> on its Google Play Store. Epic alleged that Google made payments to phone manufacturers and app developers to ensure exclusivity.
However, <a href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under">Google argued that</a> Epic&#8217;s similar case against Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was dismissed, suggesting the same should apply here.
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.
U.S. Circuit Judge Gabriel P. Sanchez noted that competition with Apple does not justify Google&#8217;s monopolistic practices. Circuit Judges Danielle J. Forrest and Margaret McKeown pointed out differences between the Android and Apple ecosystems, challenging Google&#8217;s argument, <a href="https://www.bloomberg.com/news/articles/2025-02-03/google-bid-to-overturn-epic-app-win-eyed-skeptically-by-judges">reported</a> Bloomberg.
Why It Matters: Google is seeking to <a href="https://www.benzinga.com/news/large-cap/24/10/41217379/google-must-open-play-store-to-competitors-judge-orders">overturn an order</a> by U.S. District Judge James Donato, which mandates lifting restrictions on developers.
The injunction is currently on hold pending appeal. The U.S. Justice Department supports Donato&#8217;s ruling, highlighting the need to maintain competition in the market.
Price Action: At the time of writing, Alphabet's Class A shares had risen 1.15% in after-hours trading, while Class C shares were up 1.17%. Earlier on Monday, Class A shares closed down 1.37% at $201.23, and Class C shares declined 1.44% to $202.64, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Shutterstock.com
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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.

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GOOGL

Google's Fight Against Epic Games' Antitrust Win Hits Roadblock —Judges Tell Search Giant Apple Case Doesn't Apply

Renowned market strategist&nbsp;Tom Lee on Monday recommended buying stocks amid the recent market sell-off triggered by President Donald Trump&#8217;s tariffs but advised caution for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Lee, managing partner and head of research at&nbsp;Fundstrat Global Advisors, <a href="https://www.cnbc.com/2025/02/03/tom-lee-says-buy-this-tariff-dip-in-stocks-but-bitcoin-is-headed-for-much-more-short-term-pain.html">stated </a>in a CNBC interview that Bitcoin could face short-term hurdles despite its strong long-term potential.
&#8220;But I think that there is still an argument that in the short term Bitcoin is a risk-on asset, so as the market liquidates, which happened over the weekend, Bitcoin takes a hit. So I'd say February is not looking great for Bitcoin in the near term,&#8221; Lee predicted.
Lee believed the $95,000 mark was &#8220;probably not the floor for this month&#8221; and that Bitcoin may fall further to $70,000 before resuming its uptrend. The analyst said that further downsides will provide a buying opportunity.
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>
As for stocks, Lee said that the market usually &#8220;overreacts&#8221; to external developments like trade wars.
&#8220;So if this is the first reaction, I would probably guess that the second reaction is pulling back from some of that decline.&#8221;
Why It Matters: These comments <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43452791/bitcoin-ethereum-dogecoin-stage-strong-rebound-as-trump-pauses-canada-mexico-tariffs-analyst-flags-significance-of-101000-for-btc">preceded a strong recovery in stock futures and cryptocurrencies</a> after Trump paused tariffs on Canada and Mexico. 
The&nbsp;Dow Jones Industrial Average Futures&nbsp;was up 0.21% as of this writing, while Bitcoin surged back above $100,000.
Lee&#8217;s latest forecast <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42965795/tom-lee-forecasts-bitcoin-could-dip-to-50k-but-maintains-long-term-target-of-250k-amid-market-volatility">aligned with his previous predictions</a> around Bitcoin. Last month, he anticipated Bitcoin would test support levels at $70,000 or even the $50,000 range. However, he maintained a long-term bullish stance, targeting $250,000 in 2025.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $101,179.34, up 7.44% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
Photo Courtesy: Shutterstock.com
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Tom Lee Says February Not 'Looking Great' For Bitcoin But Stocks Look Ripe For Picking Amid Trump Tariff Sell-Off

U.S. stock markets experienced a downturn today, with the Dow Jones index dropping approximately 120 points to 44,421.91. The NASDAQ fell 1.2% to 19,391.96, while the S&amp;P 500 dropped by 0.8% to 5,994.57.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc.
Palantir Technologies saw a modest increase of 1.52%, closing at $83.74. The stock reached an intraday high of $84.25 and a low of $78.47, with a 52-week high of $84.25 and a low of $15.67. Palantir surged 22.75% after hours to $102.79, surpassing Jim Cramer's $100 prediction, with him <a href="https://www.benzinga.com/markets/equities/25/02/43452860/palantir-soars-23-after-hours-as-cramer-says-i-wont-let-you-down-and-dan-ives-calls-it-the-next-oracle-in-ai-boom">reaffirming his confidence</a> in the stock. Wedbush's Dan Ives called the earnings a "massive AIP growth" moment, likening Palantir to "the next Oracle" with trillion-dollar potential in the AI revolution. On Monday, Palantir reported fourth-quarter revenue of $827.5 million <a href="https://www.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">beating the consensus estimate</a> of $775.91 million.
NVIDIA Corporation
NVIDIA&#8217;s stock fell by 2.84%, closing at $116.66. It hit a high of $118.57 and a low of $113.01 during the day, with a 52-week range between $153.13 and $66.25. The decline follows the imposition of&nbsp;<a href="https://www.benzinga.com/news/global/25/02/43428104/nvidia-tsmc-apple-and-other-tech-stocks-slide-in-pre-market-trading-as-trump-imposes-tariffs-on-imports-from-china-mexico-and-canada">tariffs</a>&nbsp;on imports from China, Mexico, and Canada, impacting tech stocks.
PayPal Holdings Inc.
PayPal&#8217;s stock rose by 1.05%, closing at $89.51. The stock&#8217;s intraday high was $89.71, with a low of $86.00, and a 52-week range of $93.64 to $55.77. Investors are keenly awaiting the company&#8217;s <a href="https://in.benzinga.com/news/earnings/25/02/43441336/paypal-stock-in-danger-of-post-earnings-dive-q4-preview-shows-risk">fourth-quarter earnings</a> on Tuesday, with expectations set for $1.12 EPS and $8.26 billion in revenue.
Costco Wholesale Corporation
Costco&#8217;s shares increased by 2.65%, closing at $1005.83. The stock hit an intraday high of $1009.61 and a low of $968.94, with a 52-week high of $1009.61 and a low of $697.27. Analysts have shown a mix of opinions, with <a href="https://www.benzinga.com/insights/analyst-ratings/25/02/43433715/what-analysts-are-saying-about-costco-wholesale-stock">recent ratings</a> reflecting varied sentiments on the stock&#8217;s future. They raised the 12-month price target to an average of $1,041.75, up 7.35% from $970.38, with estimates ranging from $900 to $1,175.
Tesla, Inc.
Tesla&#8217;s stock dropped by 5.17%, closing at $383.68. The stock&#8217;s high for the day was $389.17, with a low of $374.36, and a 52-week range of $488.54 to $138.80. The decline follows the announcement of new <a href="https://in.benzinga.com/25/02/43444972/whats-going-on-with-tesla-stock-monday">tariffs</a> on imports from Canada, Mexico, and China, affecting the company&#8217;s shares.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

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TSLA

Palantir, Nvidia, Paypal, Costco, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is capturing Wall Street&#8217;s attention, with market commentators Jim Cramer and Dan Ives making bold predictions about the company&#8217;s potential in the artificial intelligence revolution.
What Happened: On X, CNBC&#8217;s Cramer wrote, &#8220;I predicted $100 on Palantir and I promise I won&#8217;t let you down&#8230;&#8221; This comes as the stock experienced a dramatic after-hours surge of 22.75%, closing at $102.79.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I predicted $100 on Palantir and i promise I won&#39;t let you down&#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1886527639634239959?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Wedbush Securities Managing Director Ives was even more bullish, describing Palantir&#8217;s earnings as a &#8220;massive AIP growth&#8221; and a &#8220;very bullish barometer for use cases accelerating as part of the AI Revolution in 2025.&#8221; Ives went as far as suggesting Palantir could become &#8220;the next Oracle&#8221; in an interview with CNBC and potentially reach a trillion-dollar market cap in the next few years.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great to be on <a href="https://twitter.com/CNBCOvertime?ref_src=twsrc%5Etfw">@CNBCOvertime</a> with <a href="https://twitter.com/MorganLBrennan?ref_src=twsrc%5Etfw">@MorganLBrennan</a> <a href="https://twitter.com/jonfortt?ref_src=twsrc%5Etfw">@jonfortt</a> discussing the Messi of AI Palantir with a growth quarter for the ages as the AI Revolution takes hold. <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> &#x1f3c6;&#x1f525;&#x1f402;&#x1f37f;&#x1f4fa;&#x1f447;<a href="https://t.co/xWjdtjl0o3">https://t.co/xWjdtjl0o3</a> <a href="https://t.co/lwxyFDapLE">pic.twitter.com/lwxyFDapLE</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1886547930544255305?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43452478/salesforce-cuts-1000-jobs-but-ramps-up-hiring-for-ai-sales-roles">Salesforce Cuts 1000 Jobs But Ramps Up Hiring For AI Sales Roles</a>
Why It Matters: The company&#8217;s <a href="https://www.benzinga.com/news/earnings/25/02/43449486/palantir-q4-earnings-revenue-beat-eps-beat-us-revenue-up-52-customer-count-up-43-strong-guidance-this-is-a-new-phase-unlike-anything-that-has-come-before">fourth-quarter results</a> provide substantial backing to these optimistic views. Palantir reported revenue of $827.52 million, beating consensus estimates, with U.S. revenue growing 52% year-over-year and commercial revenue jumping 64%.
CEO Alex Karp emphasized the company&#8217;s transformative potential, positioning Palantir at the center of AI&#8217;s emerging landscape. The company&#8217;s strong performance and forward guidance suggest these expert predictions might be more than just market hype.
Price Action: Palantir&#8217;s stock surged 22.75% to an all-time high of $102.79 in after-hours trading on Monday, following a 1.52% gain in the regular session, closing at $83.74, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Palantir Crosses $100 Mark In After-Hours Trading, Hits All-Time High — Jim Cramer Says 'Won't Let You Down'

Leading cryptocurrencies rebounded Monday as President Donald Trump's brief tariff reprieve fueled positive sentiment in risk-on markets.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+5.14%</td>
<td>$101,349.10</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>+1.46%</td>
<td>$2,860.84</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>+15.87%</td>
<td>$0.2866</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surged past $100,000, a day after plunging below $92,000. The leading cryptocurrency hit an intraday high of $102,500 before paring gains overnight.
Ethereum chalked out modest gains, but the second-largest cryptocurrency was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.
Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.&nbsp;
If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.
More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.
Meanwhile, Bitcoin's Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.
Market sentiment flipped from "Fear" to "Greed", according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+25.38%</td>
<td>$6.20</td>
</tr>
<tr>
<td>Ethena (ENA)</td>
<td>+20.65%</td>
<td>$0.6834</td>
</tr>
<tr>
<td>Onyxcoin (XCN)</td>
<td>+19.10%</td>
<td>$1.04</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.35 trillion, rising 4.38% in the last 24 hours.
Stock futures climbed Monday night after Trump <a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">paused planned tariffs</a> against Canada and Mexico. The Dow Jones Industrial Average Futures rose 151 points, or 0.34%, as of 7:48 p.m. EDT.&nbsp;
Earlier in the day, major averages closed in the red. The Dow Jones Industrial Average lost 122.75 points, or 0.28%, to close at 44,421.91. The S&amp;P 500 slid 0.76%, ending at 5,994.57, while the tech-heavy Nasdaq Composite dipped 1.20% to close at 19,391.96.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst and trader Rekt Capital noted Bitcoin's recovery to the $101,000 level.
"Now BTC needs to daily close above it and retest it successfully to reclaim it into support," the analyst remarked. "Until then &#8211; $101,000 needs to prove it is not a new resistance."
<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"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin has successfully revisited the $101k level (black) Now BTC needs to Daily Close above it and retest it successfully to reclaim it into support A successful reclaim and BTC could continue to the blue diagonal above Until then &#8211; $101k needs to prove it is not a… <a href="https://t.co/gHHQGCypXL">https://t.co/gHHQGCypXL</a> <a href="https://t.co/KloKLgqs9f">pic.twitter.com/KloKLgqs9f</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1886501278819475809?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Another well-known analyst, Ali Martinez, spotted a potential head-and-shoulders pattern for Ethereum.
"ETH must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000," Martinez projected.
The inverse head and shoulders pattern is a bullish reversal pattern, indicating exhaustion of a prolonged downturn.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If this is a head-and-shoulders pattern, <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000! <a href="https://t.co/nR6TDg2jA4">pic.twitter.com/nR6TDg2jA4</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1886352428477391317?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
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$DOGE

Bitcoin, Ethereum, Dogecoin Stage Strong Rebound As Trump Pauses Canada, Mexico Tariffs: Analyst Flags Significance Of $101,000 For BTC

Tech <a href="https://in.benzinga.com/news/global/25/02/43428104/nvidia-tsmc-apple-and-other-tech-stocks-slide-in-pre-market-trading-as-trump-imposes-tariffs-on-imports-from-china-mexico-and-canada">stocks tumbled on Monday</a> after President Donald Trump imposed steep tariffs on imports from Canada, China, and Mexico, sparking fears of supply chain disruptions — yet Wedbush analyst Dan Ives says Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) won't face immediate fallout.
What Happened: Trump&#8217;s tariffs, which include a 25% levy on imports from Mexico and Canada and a 10% tariff on Chinese goods, were set to take effect on Tuesday.
This move sparked concerns about potential retaliation affecting the tech sector. However, Ives said that the immediate impact on the semiconductor supply chain will be minimal.
See Also: <a href="https://www.benzinga.com/25/02/43428596/rtx-5090-and-5080-are-sold-outbut-you-can-still-get-one-with-these-high-end-prebuilt-gaming-pcs">Nvidia&#8217;s RTX 5090 And 5080 Are Sold Out, But You Can Still Get One With These High-End Prebuilt Gaming PCs</a>
&#8220;We believe short-term supply chain disruptions for the chip ecosystem will be very limited as it relates to Nvidia, TSMC, and others with retaliatory measures from Beijing as limited in the near term,&#8221; Ives said.
He characterized the situation as part of a &#8220;bigger game of high-stakes poker&#8221; between the U.S. and China, suggesting that while tensions are rising, the immediate risk to Nvidia, TSMC, and other chipmakers remains contained.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We believe short term supply chain disruptions for the chip ecosystem will be very limited as it relates to Nvidia, TSMC and others with retaliatory measures from Beijing as limited in the near-term. This is all part of a bigger game of high stakes poker between the US/China
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1886425074523062289?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
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Why It Matters: President Trump and the leaders of Mexico and Canada reached eleventh-hour agreements to delay the implementation of steep tariffs on exports to the U.S., <a href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs">reported</a> the New York Times.
Meanwhile, a 10% tariff on Chinese imports remains scheduled to take effect at midnight. Trump will reportedly speak with Xi Jinping within the next 24 hours, though the exact timing of the call is uncertain.
However, earlier on Monday, the tariffs rattled semiconductor stocks.
Nvidia fell 2.84% to $116.66, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) dropped 1% to $410.92, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) declined 3.39% to $228.01, Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) decreased 0.26% to $19.38, Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 5.86%, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) fell 1.60% and TSMC declined 4.55%, according to <a href="https://pro.benzinga.com/dashboard">data from&nbsp;Benzinga Pro</a>.
The U.S. Chamber of Commerce has warned that the tariffs could lead to major supply chain disruptions and rising costs for American businesses and consumers.
Photo by Ivan Marc via Shutterstock
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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>
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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.

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Nvidia, TSMC Stocks Fell As Trump Hit Mexico, Canada, And China With Tariffs—But Top Analyst Sees Only 'Limited' Supply Chain Impact On Chips

On Monday, Cathie Wood-led Ark Invest made significant trades involving Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>). 
The Lockheed Martin Corp Trade
Ark Invest&#8217;s decision to sell 15,995 shares of Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) through ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) comes during a period of mixed financial results for the aerospace giant. Recently, Lockheed Martin reported a slight decline in net sales for the fourth quarter of 2024, missing consensus estimates. However, the company <a href="https://www.benzinga.com/news/earnings/25/01/43271143/lockheed-martin-q4-earnings-sales-miss-margin-squeeze-but-backlog-boosts-2025-prospects">surpassed earnings expectations</a> with an adjusted EPS of $7.67. Despite challenges, analysts remain <a href="https://www.benzinga.com/25/01/43313600/lockheed-martin-to-face-near-term-challenges-say-analysts">optimistic</a> about the company&#8217;s future, especially with the F-35 program ramping up, as highlighted by BofA Securities. The closing price for LMT on Monday was $455.42. The Ark trade was valued at $7.3 million.
The Reddit Trade
Ark Invest jettisoned 2,716 Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares, worth $549,473, through Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). the dynamic sentiment surrounding the social media platform. Analysts have provided a range of opinions on Reddit, with a recent <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43317183/18-analysts-assess-reddit-what-you-need-to-know">analysis</a> showing a diverse set of ratings. Analysts&#8217; 12-month price targets average $185.89, up 51.36% from $122.81. Reddit&#8217;s stock closed at $202.31 on Monday marking a 1.38% rise.
The Iridium Trade
Ark Invest&#8217;s purchase of Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares via ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) aligns with the company&#8217;s recent strong performance. On Monday, Ark picked up 22,067 Iridium shares worth $626,261.
Iridium, reported an 8% increase in total revenue for the third quarter of 2024, driven by higher commercial and government service revenues, as detailed in a <a href="https://www.benzinga.com/news/earnings/24/10/41383069/iridiums-q3-revenue-soars-8-fy24-outlook-brightens-as-subscriber-base-expands">previous report</a>. The company&#8217;s stock closed at $28.38 for the day, reflecting a slight decrease of 1.29%.
Other Key Trades:
<ul>
<li>Accolade Inc (ACCD): Sold 80,788 shares by ARKG.</li>
<li>L3Harris Technologies Inc (LH): Bought 32,680 shares by ARKQ.</li>
<li>Nu Holdings Ltd (LU): Sold 100 shares via ARKW.</li>
</ul>
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood's Ark Invest Dumps Lockheed Martin Shares, Swoops Up Stock Of This Satellite Phone Provider

Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) is reportedly slashing 1,000 jobs as its latest fiscal year begins, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-04/salesforce-cutting-1-000-roles-while-hiring-salespeople-for-ai">reported</a> on Monday, citing sources. Simultaneously, the company is hiring 2,000 employees for sales roles to promote its artificial intelligence products, according to CEO Marc Benioff&#8216;s <a href="https://www.benzinga.com/media/24/12/42550951/salesforce-doubles-ai-hiring-goal-to-add-2k-sales-roles">announcement in December</a>.
Salesforce did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Price Action: Salesforce shares surged 1.02% to $342.70 in after-hours trading on Monday; however, the stock declined 0.72% during the regular session, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Image Via Shutterstock 
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Salesforce Cuts 1000 Jobs But Ramps Up Hiring For AI Sales Roles

Aravind Srinivas, CEO of Jeff Bezos-backed Perplexity AI, believes many startup founders fail because they chase market trends instead of working on problems they truly care about.
What Happened: During a June 2024 episode of the Lex Fridman Podcast, Srinivas shared his thoughts on why many startups fail. He argued that passion and personal interest in a problem are essential for long-term success.
&#8220;I think the thing that most people get wrong after they've decided to start a company is work on things they think the market wants,&#8221; he said.
See Also: <a href="https://www.benzinga.com/tech/25/02/43429568/samsung-offers-galaxy-s25-ultra-at-a-discount-of-up-to-1020-making-it-3x-cheaper-than-apples-iphone-16-pro-heres-how-you-can-get-it-for-almost-free">Samsung Offers Galaxy S25 Ultra At A Discount Of Up To $1020, Making It 3x Cheaper Than Apple&#8217;s iPhone 16 Pro: Here&#8217;s How You Can Get It For Almost Free</a>
Adding, &#8220;If you work from that perspective, I think you'll give up beyond the point because it's very hard to work towards something that was not truly important to you.&#8221;
He advised that recognizing one&#8217;s motivations and dopamine triggers is vital for achieving founder-market fit.&nbsp;
&#8220;Market will guide you towards making it a lucrative business by its own capitalistic pressure,&#8221; he stated, adding, &#8220;But don't start in the other way where you started from an idea that you think the market likes and try to like it yourself.&#8221;
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.
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Why It Matters: Srinivas has quickly risen as a major figure in AI. He worked at companies like OpenAI and Google's DeepMind before co-founding Perplexity AI in 2022.
Perplexity AI has gained traction as an AI-powered search engine <a href="https://www.benzinga.com/markets/equities/24/11/42084064/perplexity-ceo-asks-if-ai-startup-should-acquire-google-chrome-following-dojs-antitrust-push-against-search-giant">aiming to rival Google</a>. Srinivas has also become an angel investor, backing AI startups like ElevenLabs and Suno.
Earlier this year, he <a href="https://www.benzinga.com/25/01/43219913/jeff-bezos-backed-perplexity-ai-proposes-deal-to-merge-with-tiktok-giving-us-government-50-stake-report">proposed a deal for TikTok's U.S.</a> operations, suggesting a new U.S.-based company partially owned by the government. If approved, this move could place him at the center of one of the biggest tech transactions in history.
Last week, Perplexity AI also introduced a <a href="https://www.benzinga.com/25/01/43293869/jeff-bezos-backed-perplexity-rolls-out-self-hosted-deepseek-r1-model-amid-controversy-over-chinese-ai-influence-ceo-aravind-srinivas-says-theres-a-lot-of-misconception">self-hosted variant</a> of China's DeepSeek R1 model. The startup raised $500 million in the December 2024 funding round, elevating its <a href="https://www.benzinga.com/tech/24/12/42570376/jeff-bezos-backed-perplexity-raises-500-million-tripling-its-valuation-to-9-billion-as-competition-with-google-and-openai-heats-up">valuation to $9 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>.
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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.

Aravind Srinivas, CEO Of Jeff Bezos-Backed Perplexity, Reveals Why Most Startups Fail: 'The Thing That Most People Get Wrong...'

GCTK

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

The White House has appointed Elon Musk, the wealthiest individual globally, as a &#8220;special government employee.&#8221; This designation allows Musk to be employed by the federal government while potentially sidestepping certain disclosure rules.
What Happened: As reported by Reuters, Musk, who continues to helm Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, has been charged with leading Trump&#8217;s cost-cutting initiative, the Department of Government Efficiency. This role has granted Musk&#8217;s team access to various government systems, triggering concern and turmoil within some agencies.
Musk&#8217;s new designation could enable him to bypass disclosure rules about conflicts of interest and finances applicable to regular government employees. He will not receive a paycheck. This development has sparked scrutiny, with Democratic lawmakers voicing concerns over a billionaire without an electoral mandate gaining substantial power over the federal government.
Trump defended Musk, asserting that Musk cannot act without White House approval. He also lauded Musk&#8217;s instinct and his team&#8217;s talent. 
&#8220;Elon can&#8217;t do and won&#8217;t do anything without our approval,&#8221; said Trump. He said, &#8220;We&#8217;ll give him the approval, where appropriate; where not appropriate, we won&#8217;t. But he reports in.&#8221;
However, questions about accountability persist, as most special government employees are not bound to file financial disclosures, potentially making it challenging for the public and journalists to hold Musk and the government accountable.
Read Next: <a href="https://www.benzinga.com/25/02/43446852/elons-trump-alignment-costs-him-his-canada-starlink-contract">Elon&#8217;s Trump Alignment Costs Him Canada Starlink Contract: &#8216;Oh Well&#8217;</a>
Why It Matters: Musk&#8217;s appointment comes amidst his recent <a href="https://in.benzinga.com/25/02/43442302/elon-musk-says-elizabeth-warren-is-meddling-with-trillions-in-us-treasury-via-his-unqualified-flunkies">criticisms</a> of the Treasury Department and his proposal to use <a href="https://in.benzinga.com/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">blockchain technology</a> to streamline its operations. 
His Department of Government Efficiency was recently <a href="https://www.benzinga.com/25/02/43440720/elon-musks-4b-doge-plan-may-cut-federal-spending-30-apples-spring-2025-lineup-revealed-triumph-group-to-go-privat">granted access</a> to a sensitive Treasury Department payment system, a move that coincided with the resignation of a career Treasury official who had disagreements with Musk&#8217;s department. 
The potential implications of Musk&#8217;s new role and his plans for the Department of Government Efficiency, including a $4 billion a day cost-cutting plan, remain to be seen.
Notably, the Department of Government Efficiency shares its acronym with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), a cryptocurrency that Musk has promoted in the past with his social media posts.
Price Action: At the time of writing DOGE was seen trading higher by 7.95% at $0.285, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1">data from Benzinga Pro</a>. 
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Elon Musk Appointed As 'Special Government Employee' Amid DOGE Department Push: 'Can't Do Anything Without Our Approval,' Says Trump

Elon Musk's <a href="https://www.dailysignal.com/tag/doge">Department of Government Efficiency</a>&nbsp;(DOGE) has been identifying and eliminating a wide swath of federal spending since President Donald Trump took office.
Now, DOGE is setting its sights on two mainstays in U.S. public broadcasting and journalism: NPR and PBS, the National Public Radio and the Public Broadcast System.
In a Monday <a href="https://oversight.house.gov/release/doge-subcommittee-chairwoman-greene-invites-npr-and-pbs-leaders-to-address-biased-news-coverage-at-public-hearing/">press release</a>, <a href="https://www.independent.co.uk/topic/marjorie-taylor-greene">Marjorie Taylor Greene</a>, head of a new House subcommittee, Delivering on Government Efficiency, accused NPR and PBS of "systematically biased content" and is demanding that the heads of both groups testify before Congress for their alleged <a href="https://www.independent.co.uk/news/world/americas/us-politics/marjorie-taylor-green-pbs-npr-biased-content-b2691492.html" target="_blank" rel="noreferrer noopener">&#8220;blatantly ideological and partisan coverage.&#8221;</a>
Greene pointed to NPR's coverage of the Hunter Biden laptop story, the Russian collusion story and COVID-19 origins. She blasted PBS for failing "to provide Americans with accurate reporting by incorrectly implying that Elon Musk made a fascist salute during President Trump's inauguration celebration."  
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<h1 class="wp-block-heading">What&#8217;s Next?</h1>
Meanwhile, Musk — who Sen. Elizabeth Warren <a href="https://www.benzinga.com/25/02/43442302/elon-musk-says-elizabeth-warren-is-meddling-with-trillions-in-us-treasury-via-his-unqualified-flunkies">bashed</a> as &#8220;an unelected billionaire&#8221; along with his &#8220;unqualified flunkies" — continues to fire, force out or harass government workers in numerous attempts over the past week to <a href="https://www.benzinga.com/25/01/43417749/elon-musks-aides-block-government-workers-from-federal-data-systems-report" target="_blank" rel="noreferrer noopener">install Trump loyalists</a> across all federal agencies, departments and organizations. The latest was the takeover of the Treasury Department and Secretary of State <a href="https://www.benzinga.com/topic/marco-rubio">Marco Rubio</a>&#8216;s surprise Monday announcement that he is now acting administrator of the U.S. Agency for International Development.
And to answer the question of what&#8217;s next &#8230; could the Department of Education <a href="https://www.benzinga.com/government/regulations/25/02/43450076/trump-administration-weighs-plan-to-shut-down-education-department-which-stocks-could-be-affected">be heading</a> for the chopping block?
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Musk DOGE Partner Marjorie Taylor Green Goes After NPR, PBS — Is The Department Of Education Next?

The Commodity Futures Trading Commission launched an inquiry on Monday into Crypto.com and Kalshi on how the companies' Super Bowl event contracts comply<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43439189/robinhood-to-offer-super-bowl-event-contracts"> with derivatives regulations.</a>
The Details: According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-02-03/crypto-com-kalshi-s-super-bowl-wagers-probed-by-us-derivatives-regulator">report</a>, the CFTC has requested additional information from Kalshi and Crypto.com, including evidence that the products are not susceptible to manipulation and comply with regulations.&nbsp;
The CFTC will then evaluate the responses before deciding on any enforcement actions or begin drafting a new rule.
"We are continuing to review the contracts in accordance with our regulations," a CFTC spokesman told Bloomberg.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43372753/eggs-prices-soar-as-bird-flu-spreads-why-experts-expect-another-45-increase-in-2025">Eggs Prices Soar As Bird Flu Spreads: Why Experts Expect Another 45% Increase In 2025</a>
The CFTC put Crypto.com's sports contracts under a special regulatory review in January to determine if they qualified as gaming. The CFTC did not place Kalshi's sports contracts under review at the time.&nbsp;
The CFTC is expected to vote by mid-April on whether to bar the contracts and sports contracts continue to trade in the meantime.&nbsp;
The CFTC's latest inquiry comes as Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) announced on Monday that its clients can access sports contracts through the Kalshi exchange. 
"With an emerging asset class like event contracts, we recognize an opportunity to better serve our customers as their interests converge across the markets, news, sports and entertainment," Robinhood said in a statement.
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Photo: Shutterstock

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Kalshi, Crypto.com Super Bowl Contracts Under Regulatory Scrutiny

<a href="https://www.benzinga.com/startups/24/11/42011977/99-billion-bet-warren-buffett-invests-heavily-in-2-stocks-expected-to-jump-19-and-20-wall-street-analysts-predict">Warren Buffett's </a>$1 million bet against hedge funds wasn't just about bragging rights—it was a challenge to Wall Street's high-fee investment strategies.&nbsp;
Back in 2007, he bet that a simple S&amp;P 500 index fund would outperform a carefully selected group of hedge funds over a decade. Ted Seides, a hedge fund pro from Protégé Partners, took the other side, convinced that active management could beat the market.
The timing couldn't have been more dramatic. The bet kicked off on Jan. 1, 2008—right as the financial crisis hit. At first, it looked like the hedge funds had the upper hand. They lost 23.9% while the S&amp;P 500 tanked by 37%. But as markets recovered, Buffett's index fund started pulling ahead.&nbsp;
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By the end of 2016, the Vanguard 500 Index Fund Admiral Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFIAX#NASDAQ">VFIAX</a>)—Buffett's choice—had delivered an average annual return of 7.1%. The hedge funds? Just 2.2%. That's a massive difference. If you had invested $100,000 in VFIAX, it would have grown to about $185,000. The hedge funds were at only $121,000.
So, what went wrong for the hedge funds? Fees. Hedge funds typically use the "two-and-twenty" model—2% in management fees and 20% of any profits. Over time, those fees add up.&nbsp;
According to a recent study by LCH Investments, since the inception of hedge funds in 1969, investors have paid nearly half of their profits as fees. Compare that with&nbsp; index funds, which charge as little as 0.03%, and it's easy to see why Buffett's bet played out the way it did.
Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Buffett has always been a big believer in keeping things simple. He once said, "When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients." The numbers back him up.
Even today, the trend holds. A recent Vanguard study found that <a href="https://www.benzinga.com/24/12/42516732/the-average-401k-balance-soars-to-a-record-breaking-high-is-your-nest-egg-keeping-pace">401(k) </a>investors saw an average annual return of 9.7% over the five years ended in December 2023. Hedge funds? They averaged 6.6% over the same period, according to the Barclay Hedge Fund Index. Over decades, that difference adds up in a big way.
The takeaway? For most people, keeping it simple wins. Morningstar reports that approximately 29% of actively managed funds outperform their passive counterparts over the decade ended last June. Buffett's bet just reinforced what research keeps proving: for the average investor, a low-cost index fund is one of the best ways to grow wealth over time.
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Startups

VFIAX

Warren Buffett's $1M Bet: Why 'Simple' Index Funds Crushed Hedge Funds By 7.1% To 2.2% Over A Decade

<a href="https://x.com/JustinTrudeau/status/1886529228193022429?s=19">https://x.com/JustinTrudeau/status/1886529228193022429?s=19</a>
&nbsp;

Macro Economic Events

Global

Justin Trudeau Posts On X "I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting the border.... Proposed tariffs will be paused for at least 30 days while we work together."

Warning: SOPA is at high risk of performing badly

Society Pass regains compliance with Nasdaq minimum closing bid price rule

In a report released yesterday, Allen Klee from Maxim Group maintained a Hold rating on Society Pass (SOPA – Research Report). The company's shares...

Maxim Group Remains a Hold on Society Pass (SOPA)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Making millions through the stock market is only possible in a few ways. Investors need one of these three things: 



<ul><li>Massive sums of capital to begin with</li>



<li>Decades of time and more modest sums of capital</li>



<li>More modest sums of capital and a combination of risk and luck</li>
</ul>We will be talking about the latter today: seven stocks you can buy for $2 that can 10X by 2025. The standard caveat applies here, which says investors should only spend what they are willing to lose. 



Investing in sub-$2 stocks is very risky. Direct the majority of your capital toward more stable, conservative approaches. Direct much less capital to these riskier stocks that will require a combination of risk and luck.



All of the stocks discussed below cost less than $2 per share meaning $1,000 will get you at least 500 shares. Those 500 or more shares have the potential to appreciate in value above $10,000 by 2025.



<h2>Reliance Global (RELI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/insurance-300x169.jpg" alt="Man in suit with hands over paper cutouts of family, car and home. Represents insurance."><div>Source: thodonal88 / Shutterstock.com</div></div>Reliance Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/reli-stock-quote/">RELI</a>) is a business group that acquires and manages retail insurance agencies in the United States. I chose to lead off the article with this stock specifically because it is not a pharma firm or another biotech stock. The purpose in doing so is not to say that <a href="https://investorplace.com/industries/healthcare/biotech/">biotech stocks</a> are bad. Instead, it is to show there are plenty of 10X <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> outside of the biotech sector.



As I mentioned, there is a lot of risk in investing in shares of stocks trading at these levels. Investing in Reliance Global will be no different. The stock has lost roughly 95% of its value over the last 12 months. It currently trades for 25 cents per share. That should logically raise a lot of red flags for investors. However, there are reasons to believe that the company can rebound from here. 



Primarily, the company recently announced a definitive agreement to acquire Spetner Associates. The integration of Spetner Associates is expected to double Reliance Global&rsquo;s annual revenues to $28 million.&nbsp;



That news was <a href="https://www.globenewswire.com/news-release/2024/05/15/2882429/0/en/Reliance-Global-Group-Announces-Game-Changing-Acquisition-of-Spetner-Associates-Projected-to-Double-Company-s-Revenue.html">announced on May 15</a> and sent share prices drastically higher. The bet at this time is the integration of the new partner will again significantly increase revenues. Despite the obvious risk, that&rsquo;s the clear narrative behind investing in Reliance Global.



<h2>aTyr Pharma (LIFE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/droplet-test-tube-biotech-1600-3-300x169.jpg" alt="Photo of test tubes and droplet with purple and reddish-orange sunset visual effect, representing biotech"><div>Source: shutterstock.com/Romix Image</div></div>aTyr Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/life-stock-quote/">LIFE</a>) is a biotech stock focused on the treatment of lung diseases that lead to fibrosis, or scarring of the lung tissue.



It appears to be among the better biotech stocks to bet on at this time. The company&rsquo;s lead candidate drug, Efzofitimod, has received FDA and EU orphan drug designation. That effectively fast tracks its development for the treatment of sarcoidosis and scleroderma.



The company also has a deal in place with Japan&rsquo;s Kyorin Pharmaceutical worth up to $175 million To develop and commercialize Efzofitimod in Japan. The company&rsquo;s pipeline of drugs extends beyond Efzofitimod with that drug being the clear catalyst overall.&nbsp;



LIFE shares currently trade for $1.76 and <a href="https://stockanalysis.com/stocks/life/forecast/">have a consensus target price above $25</a>.&nbsp;



The company continues to release <a href="https://investors.atyrpharma.com/news-releases/news-release-details/atyr-pharma-announces-second-positive-dsmb-review-efzofitimod">positive news about its lead candidate drug</a>. That is not the only good news surrounding aTyr Pharma. The company also announced inducement grants that allowed <a href="https://investors.atyrpharma.com/news-releases/news-release-details/atyr-pharma-announces-inducement-grants-under-nasdaq-listing-4">two employees to purchase 9,400 shares of stock at $1.86</a>. That suggests there is an immediate upside in LIFE stock at the moment.



<h2>BioLineRx (BLRX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biotechnology1600-300x169.png" alt="Biotechnology stocks, biomedical stocks"><div>Source: aslysun / Shutterstock.com</div></div>BioLineRx (NASDAQ:<a href="https://investorplace.com/stock-quotes/blrx-stock-quote/">BLRX</a>) is a company attempting to commercialize therapeutics for the treatment of various cancers and rare diseases including sickle cell disease. The company&rsquo;s recent announcements around those projects deserve particular attention and make the stock attractive.



BioLineRx truly does look like a biotech stock that&rsquo;s about to move much higher. Interested investors should read this <a href="https://www.prnewswire.com/news-releases/biolinerx-reports-first-quarter-2024-financial-results-and-recent-corporate-and-portfolio-updates-302156149.html">recent portfolio update from May 28</a>. The company&rsquo;s FDA-approved multiple myeloma treatment, Aphexda, is growing steadily in its first full quarter of post-approval adoption.&nbsp;



The drug is quickly making its way into the network of transplant centers and is placed at 26% of all institutions in the U.S. currently. BioLineRx expects that number to rise to 35% by the end of the second quarter and could rise to 60% by the end of the year.



The biotech is currently running at a slight net loss of $0.7 million but benefits from continued progress in clinical trials relating to other diseases including sickle cell disease. In short, there seem to be multiple reasons to bet on BLRX stock at the moment.



<h2>Knightscope (KSCP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/kscp1600-300x169.png" alt="Knightscope (KSCP) security robot patrols an outdoor parking lot"><div>Source: Michael Vi / Shutterstock.com</div></div>Knightscope (NASDAQ:<a href="https://investorplace.com/stock-quotes/kscp-stock-quote/">KSCP</a>) stock represents a company that builds fully autonomous security robots. Honestly, its products look a bit like something out of a dystopian future movie from the &rsquo;90s. Despite that, Knightscope&rsquo;s progress makes it very interesting for investors.



The company hasn&rsquo;t released highly detailed financial statements but the most recent indication that we have is from March. That report <a href="https://ir.knightscope.com/news-releases/news-release-details/knightscope-2023-estimated-revenues-increase-128-128-million">showed revenues increased by 128% to $12.8 million </a>during 2023. The report also includes some images of the company&rsquo;s AI-enabled security robots that are a bit cyberpunk and Robocop.&nbsp;



The company released another report days later updating the company&rsquo;s financial position. It showed that the company&rsquo;s net loss narrowed from $25.6 million to $22.1 million in 2023. It also noted the company has 10,000 machines in its network across the United States and the company plans to reduce its payroll expense by 30% this year.



The company has since <a href="https://ir.knightscope.com/news-and-events/news">won multiple contracts and deployed multiple tranches </a>of robots.&nbsp;



<h2>Adial Pharmaceuticals (ADIL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/biotech1600d-300x169.jpg" alt="Image of two scientists in lab coats studying results in a lab. best biotech stocks to buy"><div>Source: Shutterstock</div></div>Adial Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/adil-stock-quote/">ADIL</a>) is a company working to address addiction disorders that are quite rampant across society. The reason to believe in the stock lies in its lead candidate drug, AD04. That drug is intended to treat alcohol use disorder, opioid use disorder and a host of potential other drug dependencies.&nbsp;



The company has identified a range of genetic phenotypes that respond to AD04. Adial Pharmaceuticals estimates that represents a $40 billion opportunity in the U.S. alone.



The company also secured patent rights protecting the ability of that drug to target specific gene sequences relating to various drug dependency disorders.&nbsp;



The company is clearly very interesting for its positioning relative to various substance dependencies and their overall socioeconomic burden. However, potential investors should also be aware the company&rsquo;s&nbsp;current liquidity only covers the company through the first quarter of 2025. Regardless, substance disorder pharmaceutical firms are a rapidly growing sub-sector within the industry and Adial Pharmaceuticals could certainly emerge as a winner.&nbsp;



<h2>Society Pass (SOPA)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div>Investors interested in the outsized growth prospects in Southeast Asia should take a look at Society Pass (NASDAQ:<a href="https://investorplace.com/stock-quotes/sopa-stock-quote/">SOPA</a>). The company continues to build an ecosystem encompassing e-commerce and fintech worth understanding at least.



The <a href="https://www.globenewswire.com/news-release/2023/12/07/2792494/0/en/Society-Pass-Inc-Nasdaq-SOPA-Ascendiant-Capital-Issues-3Q-2023-Equity-Research-Update-3Q-Results-Show-Solid-Revenue-Growth-and-Maintains-Positive-Outlook-on-Growth-Prospects.html">most recent earnings report</a> from the third quarter of 2023 shows that revenues grew by 11%. Clearly, that&rsquo;s not the sort of outsized growth many seek from emerging market opportunities. Nevertheless, there are things to like about Society Pass. What I like is that the company has zero debt and $8 million in cash.&nbsp;&nbsp;



Despite a net loss of $3.9 million in the period, the company managed to report a modest gross profit of $600,000. The company also has a $40 million line of credit should that ultimately be necessary. That line of credit is an indication institutional investors see the overall opportunity represented by Society Pass. Much like Adial Pharmaceutical, Society Pass is interesting for operating within a high-growth sub-sector that may not get as much attention as it deserves.



<h2>Enviva (EVA)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2022/01/carbon-dioxide-1600-300x200.png" alt="Environmental pollution, environmental problem, smoke from the chimney of an industrial plant or thermal power plant against a cloudy sky"><div>Source: AYDO8 / Shutterstock.com</div></div>Investing in Enviva (NYSE:<a href="https://investorplace.com/stock-quotes/eva-stock-quote/">EVA</a>) stock will appeal to green investors&nbsp;and industrial investors looking for turnaround opportunities. The company produces sustainable wood pellets intended to provide a low-carbon alternative to fossil fuels.



While the company has some interesting, promising catalysts, it is going through a transition as it attempts to affect a turnaround. The most recent earnings reports &mdash; from November 2023 &mdash; gets into those details.



Most of the report focused on the appointment of the company&rsquo;s previous CFO to an interim CEO position. He is essentially tasked with turning around deepening losses and righting the course for Enviva. The <a href="https://ir.envivabiomass.com/news/news-details/2023/Enviva-Reports-3Q-2023-Results/default.aspx">fundamentals tell the story of a company in trouble</a>. Revenues fell by a modest 1.3% in that report while net losses more than quadrupled to $85.2 million.&nbsp;



The company has <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001592057/5aee415d-4604-4366-a34d-18c777395a61.pdf">not filed any subsequent financial reports</a> since November. It&rsquo;s clearly at risk of bankruptcy and restructuring. My sense is that the company&rsquo;s shares will trend downward but they certainly do <a href="https://stockanalysis.com/stocks/eva/forecast/">have the potential to 10X</a> nonetheless.&nbsp;



On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions,&nbsp;InvestorPlace does not publish commentary about companies that have a market cap of&nbsp;less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because&nbsp;these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market&nbsp;manipulators. If we ever do publish commentary on a low-volume stock that may be&nbsp;affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this&nbsp;fact and warn readers of the risks.



Read More:&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a>



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/millionaire-makers-7-stocks-you-can-buy-for-2-that-can-10x-by-2025/">Millionaire Makers: 7 Stocks You Can Buy for $2 That Can 10X by 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Millionaire Makers: 7 Stocks You Can Buy for $2 That Can 10X by 2025

The latest announcement is out from Society Pass (SOPA). Society Pass Incorporated witnessed a shift in its leadership as board members John Mackay...

Society Pass Leadership Overhaul and Board Expansion

Society Pass (SOPA) just unveiled an update. Jeremy Miller and Tan Bien Kiat have stepped down from their roles as directors of Society Pass Incorp...

Society Pass Announces Amicable Board Reshuffle

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic as we dive into all of the biggest news traders need to know about on Monday morning!



Moving stocks this morning are an acquisition deal, a strategic alliance, earnings data and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Tellurian (NYSEMKT:<a href="https://investorplace.com/stock-quotes/tell-stock-quote/">TELL</a>) stock is rocketing more than 66% <a href="https://finance.yahoo.com/news/tellurian-acquired-woodside-approximately-900-222900949.html">due to a $900 million acquisition deal</a>.</li>



<li>Serve Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/serv-stock-quote/">SERV</a>) shares are soaring over 60% after Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) <a href="https://investorplace.com/2024/07/serv-stock-soars-as-nvidia-reveals-big-bet-on-serve-robotics/">revealed a stake in the company</a>.</li>



<li>Castellum (NYSEMKT:<a href="https://investorplace.com/stock-quotes/ctm-stock-quote/">CTM</a>) stock is surging more than 56% after <a href="https://www.nasdaq.com/press-release/castellum-inc-announces-strategic-alliance-k2-2024-07-22">announcing a strategic alliance</a>.</li>



<li>Netcapital (NASDAQ:<a href="https://investorplace.com/stock-quotes/ncpl-stock-quote/">NCPL</a>) shares are rising over 40% alongside heavy pre-market trading.</li>



<li>Richtech Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/rr-stock-quote/">RR</a>) stock is increasing more than 27% after <a href="https://www.nasdaq.com/press-release/richtech-robotics-celebrates-completion-installation-adam-ghost-kitchens-inside">adding ADAM to certain ghost kitchens</a>.</li>



<li>CISO Global (NASDAQ:<a href="https://investorplace.com/stock-quotes/ciso-stock-quote/">CISO</a>) shares are gaining over 24% after announcing <a href="https://www.nasdaq.com/press-release/ciso-global-announces-solution-mitigate-impact-crowdstrike-security-event-2024-07-19">a way to mitigate damage</a> from the CrowdStrike (NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) issues last week.</li>



<li>Tellurian Inc. 8.25% Senior Notes due 2028 (NYSEMKT:<a href="https://investorplace.com/stock-quotes/telz-stock-quote/">TELZ</a>) are heading more than 21% higher this morning.</li>



<li>Nuzee (NASDAQ:<a href="https://investorplace.com/stock-quotes/nuze-stock-quote/">NUZE</a>) stock is climbing over 18% without any clear news this morning.</li>



<li>Society Pass (NASDAQ:<a href="https://investorplace.com/stock-quotes/sopa-stock-quote/">SOPA</a>) shares are jumping more than 17% on Monday morning.</li>



<li>TuanChe (NASDAQ:<a href="https://investorplace.com/stock-quotes/tc-stock-quote/">TC</a>) stock is up over 16% without any clear news today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Exicure (NASDAQ:<a href="https://investorplace.com/stock-quotes/xcur-stock-quote/">XCUR</a>) stock is plummeting more than 24% after a major rally on Friday.</li>



<li>Sentage (NASDAQ:<a href="https://investorplace.com/stock-quotes/sntg-stock-quote/">SNTG</a>) shares are diving over 14% on Monday morning.</li>



<li>Sonoma Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/snoa-stock-quote/">SNOA</a>) stock is tumbling close to 14% this morning.</li>



<li>Novo Integrated Sciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvos-stock-quote/">NVOS</a>) shares are taking a nearly 14% beating after <a href="https://investorplace.com/earning-results/2024/07/nvos-stock-earnings-novo-integrated-sciences-for-q3-of-2024/">jumping Friday on earnings</a>.</li>



<li>Safe &amp; Green Development (NASDAQ:<a href="https://investorplace.com/stock-quotes/sgd-stock-quote/">SGD</a>) stock is sliding over 13% on Monday morning.</li>



<li>Ryanair (NASDAQ:<a href="https://investorplace.com/stock-quotes/ryaay-stock-quote/">RYAAY</a>) shares are falling more than 13% alongside <a href="https://www.cnbc.com/2024/07/22/ryanair-q1-2024-results-shares-fall-on-lower-fares-fall-in-quarterly-profit.html">falling quarterly profit</a>.</li>



<li>Portage Biotech (NASDAQ:<a href="https://investorplace.com/stock-quotes/prtg-stock-quote/">PRTG</a>) stock is dropping over 11% on Monday.</li>



<li>Stronghold Digital Mining (NASDAQ:<a href="https://investorplace.com/stock-quotes/sdig-stock-quote/">SDIG</a>) shares are decreasing more than 11% this morning.</li>



<li>60 Degrees (NASDAQ:<a href="https://investorplace.com/stock-quotes/sxtp-stock-quote/">SXTP</a>) stock is slipping over 10% on Monday morning.</li>



<li>PS International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) shares close out our pre-market stock movers down almost 10% on Monday.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-july-22nd/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Society Pass (NASDAQ:<a href="https://investorplace.com/stock-quotes/sopa-stock-quote/">SOPA</a>) just reported results for the second quarter of 2024.<ul><li>Society Pass reported earnings per share of -73 cents. This was above the analyst estimate for EPS of -83 cents.</li><li>The company reported revenue of $1.71 million.</li><li>This was 23.96% worse than the analyst estimate for revenue of $2.25 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/sopa-stock-earnings-society-pass-for-q2-of-2024/">SOPA Stock Earnings: Society Pass Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SOPA Stock Earnings: Society Pass Beats EPS, Misses Revenue for Q2 2024

Maxim Group analyst Allen Klee maintained a Hold rating on Society Pass (SOPA – Research Report) yesterday. The company's shares closed yesterday a...

Maxim Group Sticks to Its Hold Rating for Society Pass (SOPA)

ADIL

BLRX

CISO

CRWD

LIFE

NCPL

NUZE

NVOS

PRTG

PSIG

RELI

RYAAY

SDIG

SERV

SNOA

SNTG

SOPA

SXTP

TELL

TELZ

XCUR

Small Cap

Opinion

Press Releases

Thinking about buying stock in Certara, Stronghold Digital Mining, Society Pass, AgriFORCE Growing Systems, or Luxurban Hotels?

Financing

Society Pass Inc. Issues First Advance Notice to Strattners Bank, to Continue its Growth Plans

Society Pass Incorporated Announces 1-for-15 Reverse Split

Society Pass Set to Unlock and Monetize Current and Future Subsidiary Spin-Off Opportunities Through Strong and Flexible Financing

Society Pass Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Analyst Ratings

Ascendiant Capital publishes a company update on Society Pass (NASDAQ: SOPA), expecting strong growth over the next year

IPOs

Society Pass Inc. Bolstering Subsidiaries Ahead of IPOs to Drive Growth and Customer Engagement

AGRI

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Phoenix New Media Limited American Depositary Shares, each representing 48 Class A ordinary shares.

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