Últimas noticias sobre Webus International (NASDAQ:WETO) Bolsa

Webus International Ltd operates on a business model of Mobility-as-a-Service to identify and solve inefficiencies associated with inflexible or low-quality public transportation and provide cost-efficient and customized mass transportation services under different scenarios with comprehensive digital platforms. It offers commute shuttle service, customized chartered bus service, packaged tour service and other service to customers.

Webus International Limited - Ordinary Shares

Webus International Ltd

Wetouch Technology Inc

Shares of Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) rose sharply in today's pre-market after the company posted stronger-than-expected earnings and sales <a href="https://www.benzinga.com/news/earnings/25/05/45531911/toll-brothers-shares-are-up-after-strong-q2-results-eps-beat-revenues-beat">results for the second quarter</a>.
The company reported quarterly earnings of $3.50 per share, which beat the analyst consensus estimate of $2.92 by 19.86%. Quarterly revenue came in at $2.71 billion, which beat the Street estimate of $2.48 billion.
Toll Brothers shares jumped 6.1% to $110.86 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Biodesix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDSX#NASDAQ">BDSX</a>) rose 73.6% to $0.47 in pre-market trading. Biodesix Form4 filing showed Jack Schuler bought 4,723,239 shares of stock at an average price of $0.28 per share.</li>
<li>CFSB Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFSB#NASDAQ">CFSB</a>) surged 74.7% to $13.75 in pre-market trading after Hometown Financial Group announced plans to acquire the company for a total transaction value of $44 million.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) gained 56.1% to $5.62 in pre-market trading. Edible Garden shares jumped over 80% on Tuesday after the company announced it has launched the initial phase of its Kick. Sports Nutrition product line on Amazon.</li>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) jumped 47.2% to $0.0530 in pre-market trading after falling 5% on Tuesday.</li>
<li>Petros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) surged 37.1% to $0.17 in pre-market trading after falling 6% on Tuesday.</li>
<li>Gelteq Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GELS#NASDAQ">GELS</a>) gained 14.6% to $1.96 in pre-market trading after dipping 9% on Tuesday.</li>
<li>GCL Global Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCL#NASDAQ">GCL</a>) climbed 14.6% to $2.48 in pre-market trading.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 13% to $18.71 in pre-market trading. D-Wave Quantum shares jumped around 26% on Tuesday after the company announced it launched its Advantage2 quantum system to address problems in optimization, AI, and materials simulation.</li>
<li>Tuya Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>) rose 7% to $2.76 in pre-market trading after reporting upbeat first-quarter results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares fell 55% to $1.41 in pre-market trading amid reports that the company is preparing to file for bankruptcy within weeks.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) fell 41.4% to $0.3005 in pre-market trading after the company announced a reduction of its workforce through temporary layoffs of around 138 individuals, representing about 95% of its total workforce.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) fell 21.6% to $6.40 in today's pre-market trading after jumping 101% on Tuesday.</li>
<li>NOVONIX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) fell 18.3% to $1.12 in pre-market trading.</li>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) shares dipped 14% to $0.1310 in pre-market trading after gaining around 50% on Tuesday.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) shares tumbled 13% to $0.3700 in pre-market trading after climbing around 25% on Tuesday.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) dipped 9% to $16.71 in pre-market trading after the company announced it launched a dual public offering of common stock and depositary shares representing series B convertible preferred stock.</li>
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares fell 7.7% to $0.0048 in pre-market trading after dipping 21% on Tuesday.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) declined 6.3% to $1.49 in pre-market trading after gaining 11% on Tuesday.</li>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell 3.8% to $187.15 in pre-market trading. Palo Alto Networks posted better-than-expected earnings for its third quarter on Tuesday. The company also raised its full-year 2025 guidance.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/05/45535402/target-lowes-and-3-stocks-to-watch-heading-into-wednesday">Target, Lowe&#8217;s And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
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News

Pre-Market Outlook

Markets

Movers

Trading Ideas

BDSX

BLMZ

CFSB

DGLY

EDBL

GELS

LDTC

Nuveen California Dividend Advantage Municipal Fund 2

PANW

PLRZ

PTPI

QBTS

SYTA

TUYA

WOLF

Why Toll Brothers Shares Are Trading Higher By Over 6%; Here Are 20 Stocks Moving Premarket

After the Congressional Budget Office (CBO) released its estimates for the distributional effects of the <a href="https://www.benzinga.com/personal-finance/25/05/45485150/the-one-big-beautiful-bill-would-create-maga-savings-accounts-with-a-1000-gift-from-the-government-at-birth">One Big Beautiful Bill Act</a>, this economist questioned the Donald Trump administration about the inflating deficit and its inclination toward catering to the wealthiest Americans.
What Happened: The CBO documents highlighted that tax changes, including extending provisions of the 2017 tax act, would lead to an increase in the federal deficit by $3.8 trillion.
Meanwhile, it also underscored a $698 billion reduction in federal subsidies from changes to the Medicaid program and $267 billion less in federal spending for the Supplemental Nutrition Assistance Program (SNAP).
The document also stated, &#8220;Household resources would decrease by an amount equal to about 2 percent of income in the lowest decile (tenth) of the income distribution in 2027 and 4 percent in 2033, mainly as a result of losses of in-kind transfers, such as Medicaid and SNAP.&#8221;
On the other hand, resources would increase by an amount equal to 4% for households in the highest decile in 2027 and 2% in 2033, mainly because of &#8220;reductions in the taxes they owe.&#8221;
Craig Shapiro, the macro strategist at the Bear Traps Report, pointed this out and said that the proposed bill will &#8220;explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile.&#8221;
&#8220;Another opportunity squandered and further proof that the Republican Party continues to cater to the wealthiest Americans time and time again,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nice job by the Admin and House Republicans getting ready to try to pass a &quot;Big Beautiful Bill&quot; that will explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile. Another opportunity squandered and further proof that the… <a href="https://t.co/66cJwNwE8m">https://t.co/66cJwNwE8m</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1925005561180942458?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45515900/mstrs-new-bitcoin-accounting-standard-to-drive-financial-swings-make-earnings-volatile-says-expert-after-lawsuit-hits-strategy">MSTR&#8217;s New Bitcoin Accounting Standard To Drive &#8216;Financial Swings,&#8217; Make Earnings &#8216;Volatile,&#8217; Says Expert After Lawsuit Hits Strategy</a>
Why It Matters: Meanwhile, economist Peter Schiff also chimed in with his opinions, stating that the tax cuts just boost GDP at the &#8220;expense of larger budget and trade deficits and higher inflation, and long-term interest rates.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tax cuts that boost spending on consumer goods rather than promote higher savings, capital investment, and increased productivity, do not grow the economy. They merely boost GDP at the expense of larger budget and trade deficits and higher inflation and long-term interest rates.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1924968734491373978?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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After being stalled by some Republican hard-liners on Friday, President Trump&#8217;s One Big Beautiful Bill Act was advanced by the House Budget Committee in a 17-16 party-line vote late Sunday night, with four Republicans voting present.
The Rules Committee will meet midweek to prepare for a floor vote by the end of the week.
Price Action: Here is the list of <a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses">publicly listed losers and winners</a> if the said bill is passed.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Tuesday. The SPY was down 0.34% to $592.85, while the QQQ declined 0.33% to $520.27, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/05/45533521/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-hi">Charlie Munger Once Said, &#8216;The First Rule Of Compounding Is To Never Interrupt It Unnecessarily&#8217; — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Politics

Economics

Big Beautiful Bill Will 'Explode The Deficit,' And Make The Rich Richer: Congressional Budget Office Estimates 4% Income Fall For Lowest Decile Of Americans By 2033

Offerings

BILI

Bilibili Announced The Proposed Offering Of $500M In Aggregate Principal Amount Of Convertible Senior Notes Due 2030, Subject To Market Conditions And Other Factors

<h3>Companies Reporting Before The Bell</h3>
• MediWound (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) is likely to report quarterly loss at $0.66 per share on revenue of $5.20 million. 
• Canada Goose Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $262.86 million. 
• Ucloudlink Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCL#NASDAQ">UCL</a>) is projected to report quarterly loss at $0.04 per share on revenue of $18.20 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $973.69 million. 
• TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $13.03 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is expected to report quarterly earnings at $1.58 per share on revenue of $8.83 billion. 
• Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is likely to report quarterly earnings at $1.65 per share on revenue of $24.35 billion. 
• Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is likely to report quarterly earnings at $2.88 per share on revenue of $20.97 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $4.30 billion. 
• Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $366.75 million. 
• CMB.Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMBT#NYSE">CMBT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $224.00 million. 
• Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) is projected to report quarterly loss at $0.15 per share on revenue of $106.48 million. 
• Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) is projected to report quarterly earnings at $1.66 per share on revenue of $471.83 million. 
• Flex LNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLNG#NYSE">FLNG</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $88.17 million. 
• Cool Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) is estimated to report earnings for its first quarter. 
• Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) is projected to report quarterly earnings at $1.62 per share on revenue of $1.19 billion. 
• Super Hi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDL#NASDAQ">HDL</a>) is likely to report earnings for its first quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $0.73 per share on revenue of $4.00 million. 
• WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) is likely to report earnings for its first quarter. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its first quarter. 
• XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is likely to report earnings for its first quarter. 
• VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $2.17 billion. 
• Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $394.21 million. 
<h3>Companies Reporting After The Bell</h3>
• LiveRamp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $185.41 million. 
• Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is projected to report quarterly earnings at $0.47 per share on revenue of $708.59 million. 
• Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.31 per share on revenue of $1.17 billion. 
• Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $1.29 billion. 
• American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $60.27 million. 
• LexinFintech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) is likely to report earnings for its first quarter. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is likely to report quarterly loss at $0.19 per share on revenue of $77.75 million. 
• ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) is projected to report earnings for its first quarter. 
• Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $1.01 billion. 
• EnerSys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENS#NYSE">ENS</a>) is projected to report quarterly earnings at $2.55 per share on revenue of $1.02 billion. 
• Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is likely to report quarterly loss at $0.03 per share on revenue of $231.17 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

AMSC

BBAR

BIDU

BORR

BZUN

CLCO

CLIR

CMBT

DOMO

EVGN

FLNG

GOGL

GOOS

MDWD

RAMP

SNOW

URBN

XPEV

Earnings Scheduled For May 21, 2025

Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has unveiled ZEROSEARCH, a groundbreaking framework designed to dramatically reduce training costs for large language models, potentially transforming the economics of artificial intelligence development.
What Happened: Alibaba Group announced on X that its new ZEROSEARCH technology can cut AI training costs by nearly 90%. The framework enables LLMs to simulate search behavior without making actual Application Programming Interface calls to search engines during the training process.
According to Alibaba&#8217;s technical report, ZEROSEARCH addresses two major challenges in traditional search-based AI training: uncontrolled document quality from real search engines and prohibitively high API costs during reinforcement learning training, which typically requires hundreds of thousands of search requests.
The framework works by first using lightweight supervised fine-tuning to transform a Large Language Model into a retrieval module that generates both useful and noisy documents. During reinforcement learning training, it employs a curriculum-based rollout strategy that gradually increases the difficulty of retrieval scenarios.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Imagine cutting AI training costs by nearly 90%&#x2b07; — that&#39;s what Alibaba&#39;s <a href="https://twitter.com/hashtag/ZEROSEARCH?src=hash&amp;ref_src=twsrc%5Etfw">#ZEROSEARCH</a> does. By training large language models to simulate search behavior, it eliminates costly API calls, making advanced AI search more accessible! &#x1f680; Explore this report for more on ZEROSEARCH &#x1f449;… <a href="https://t.co/IMxTV6I9Sc">pic.twitter.com/IMxTV6I9Sc</a>
&mdash; Alibaba Group (@AlibabaGroup) <a href="https://twitter.com/AlibabaGroup/status/1924729349221318957?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45535547/tjx-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">TJX Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Why It Matters: This development comes as Alibaba&#8217;s cloud division is upgrading its AI offerings globally, with expanded platform-as-a-service options and enhanced proprietary large language models, including <a href="https://www.benzinga.com/25/04/44714832/alibaba-expands-global-ai-push-as-deepseeks-cheap-models-spark-fierce-tech-rivalry">Qwen-Max and QwQ-Plus </a>reasoning model, according to Bloomberg reports.
The dramatic cost reduction could significantly impact the competitive landscape of AI development. Since January, when Chinese AI startup DeepSeek emerged with claims of outperforming OpenAI models at a fraction of their cost, Alibaba and peers have launched increasingly affordable business intelligence tools, with some costing just $1 per year for individual developers.
Alibaba released its <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44625580/alibaba-steps-up-ai-game-with-qwen-3-challenging-deepseeks-low-cost-ai-success">Qwen 3 flagship model in April</a>, continuing its aggressive push into AI under the leadership of Eddie Wu and Joe Tsai. The company&#8217;s stock has risen 48.77% year-to-date, adding more than $100 billion to its valuation, with Wedbush Securities analyst Dan Ives calling Alibaba the &#8220;best way to play China tech&#8221; due to its strong positioning in AI and cloud.
Image Via Shutterstock 
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">Trump&#8217;s &#8216;One Big, Beautiful Bill&#8217; Slammed As &#8216;Reverse Robin Hood&#8217; By Economist Justin Wolfers — Takes From The Poor, To Give To The Rich</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Global

Exclusives

Tech

BABA

Alibaba Says It Can Slash AI Training Costs By 90% With Newly Launched ZEROSEARCH — Here's What It Does

Earnings Beats

CORRECTION: Ucloudlink Group Q1 Adj. EPADS $0.01 Beats $(0.04) Estimate, Sales $18.75M Beat $18.20M Estimate

FLUT

Flutter Entertainment Disclosed The Launch Of An Offering Of USD-denominated Senior Secured Notes Due 2031, EUR-denominated Senior Secured Notes Due 2031 And GBP-denominated Senior Secured Notes Due 2031 By Its Subsidiary Flutter Treasury DAC

Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) highlighted its supply chain diversification strategy during its earnings call, estimating &#8220;limited&#8221; tariff impact as senior economist Mohamed El Erian hailed its &#8220;China plus many&#8221; approach.
What Happened: Despite reporting a <a href="https://www.benzinga.com/news/earnings/25/05/45518559/home-depot-flags-tariff-and-supply-chain-risks-in-risk-statement-but-does-not-revise-outlook">mixed quarter</a>, the Home Depot management remained confident about its diversification strategies during its first quarter earnings call on Tuesday.
The EVP of merchandising, Billy Bastek, told analysts on the call that 50% of our purchases are sourced in the U.S. while highlighting its diversification efforts.
&#8220;We&#8217;re already taking action, moving quickly, and we anticipate 12 months from now that no single country outside of the U.S. will actually represent more than 10% of our purchases,&#8221; said Bastek.
El Erian found this &#8220;interesting&#8221; and highlighted in an X post that &#8220;It reflects the growing trend of companies looking to move beyond a &#8216;China plus 1&#8217; or &#8216;China plus 2&#8217; supply chain model towards a more diversified &#8216;China plus many&#8217; approach.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Home Depot&#39;s announcement—that no single country will account for more than 10% of its sourcing—is interesting for several reasons. It reflects the growing trend of companies looking to move beyond a &quot;China plus 1&quot; or &quot;China plus 2&quot; supply chain model towards a more…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1924902982216266101?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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Bastek explicitly stated that &#8220;We don&#8217;t see broad-based price increases for our customers at all going forward,&#8221; also seeing a &#8220;limited impact&#8221; from the existing tariffs.
He highlighted Home Depot&#8217;s strategy to limit tariff impact, which involved:
<ul class="wp-block-list">
<li>Reducing exposure by diversifying sourcing.</li>
<li>Utilizing internal efficiencies (productivity) to offset costs.</li>
<li>Strategically adjusting their product assortment by discontinuing tariff-affected items that no longer fit their &#8220;line structure&#8221; or value proposition.</li>
<li>Avoiding widespread price increases for their customers.</li>
</ul>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45515900/mstrs-new-bitcoin-accounting-standard-to-drive-financial-swings-make-earnings-volatile-says-expert-after-lawsuit-hits-strategy">MSTR&#8217;s New Bitcoin Accounting Standard To Drive &#8216;Financial Swings,&#8217; Make Earnings &#8216;Volatile,&#8217; Says Expert After Lawsuit Hits Strategy</a>
Why It Matters: The <a href="https://www.benzinga.com/news/earnings/25/05/45518559/home-depot-flags-tariff-and-supply-chain-risks-in-risk-statement-but-does-not-revise-outlook">company&#8217;s revenue rose</a> 9.4% year-over-year to $39.86 billion, topping the $39.33 billion consensus. Whereas, its adjusted earnings per share fell 3% to $3.56, missing the $3.60 estimate.
&#8220;Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events,&#8221; said Ted Decker, chair, president, and CEO.
The company reiterated its guidance for the full fiscal year, seeing the revenue up 2.8% at $163.98 billion, slightly below the consensus estimate of $164.17 billion.
Home Depot forecast its adjusted earnings per share to be at $14.94, falling short of the $14.99 consensus, along with an adjusted operating margin of around 13.4%.
Price Action: HD shares ended 0.61% lower on Tuesday and declined 0.013% in after-hours. The company has declined 2.94% on a year-to-date basis, and it was up 12.17% over a year.
Benzinga Edge Stock Rankings shows that Home Depot had a stronger price trend over the short, medium, and long term. Its momentum ranking was moderate, however, its value ranking was poor at the 24.93th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21030918/HD-EDGE-RANKING-1024x152.png" alt="" class="wp-image-922296" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21030918/HD-EDGE-RANKING-1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21030918/HD-EDGE-RANKING-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21030918/HD-EDGE-RANKING-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21030918/HD-EDGE-RANKING.png 1222w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Tuesday. The SPY was down 0.34% to $592.85, while the QQQ declined 0.33% to $520.27, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/05/45533521/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-hi">Charlie Munger Once Said, &#8216;The First Rule Of Compounding Is To Never Interrupt It Unnecessarily&#8217; — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years </a></li>
</ul>
Photo courtesy: Shutterstock

Home Depot Accelerates Supply Chain Diversification, Shifts Sourcing Away From Single Countries: Management Sees 'Limited Impact' From Tariffs

For the second quarter of 2025, UCLOUDLINK expects total revenues to be between US$23.0 million and US$25.0 million, representing an increase of 2.7% to 11.6% compared to the same period of 2024.
 &nbsp;

Guidance

uCloudlink Group Expects Q2 Revenue Of $23M-$25M Vs $22.M Est

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) announced a strategic partnership with enterprise software giant SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) that will integrate Palantir&#8217;s data platforms with SAP&#8217;s enterprise solutions, the companies revealed at the SAP Sapphire conference.
What Happened: The collaboration brings together Palantir&#8217;s Ontology and Foundry platforms with SAP&#8217;s enterprise data systems, creating what Palantir described as &#8220;ultimate value creation&#8221; for partners.
&#8220;At Palantir, we are manically focused for our partners. We use Ontology to manage large language models and Foundry to reconcile data,&#8221; CEO Alex Karp said during the announcement. &#8220;The combination of those products and your products will be extremely valuable for everyone and we are very much looking forward to scaling this partnership.&#8221;
This deal represents Palantir&#8217;s latest move to expand its <a href="https://www.benzinga.com/news/insider-trades/25/05/45525975/after-palantirs-meteoric-480-rise-investors-weigh-7-critical-risks">enterprise reach following significant stock growth</a>, with shares up 480% over the past year. The data analytics firm has been aggressively pursuing commercial sector expansion alongside its traditional government contracting business.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Ontology + Foundry + <a href="https://twitter.com/SAP?ref_src=twsrc%5Etfw">@SAP</a> = ultimate value creation for our partners. Hear Palantir CEO Alex Karp announce our partnership at <a href="https://twitter.com/hashtag/SAPSapphire?src=hash&amp;ref_src=twsrc%5Etfw">#SAPSapphire</a>. <a href="https://t.co/N0DOHPpk04">pic.twitter.com/N0DOHPpk04</a>
&mdash; Palantir (@PalantirTech) <a href="https://twitter.com/PalantirTech/status/1924893851124162793?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/05/45534527/china-warns-of-legal-retaliation-against-us-chip-sanctions-threatens-lawsuits-for-aiding-discriminatory-tech-crackdown">China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding &#8216;Discriminatory&#8217; Tech Crackdown</a>
Why It Matters: The partnership comes just days after Palantir announced another strategic alliance with Divergent Technologies, integrating Divergent&#8217;s AI-driven manufacturing capabilities with Palantir&#8217;s Warp Speed and Foundry platforms to transform manufacturing workflows for <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45521497/whats-going-on-with-palantir-technologies-stock-on-tuesday">defense and commercial clients</a>.
Despite its remarkable growth trajectory, investors should note that <a href="https://www.benzinga.com/news/insider-trades/25/05/45525975/after-palantirs-meteoric-480-rise-investors-weigh-7-critical-risks">Palantir carries significant risks</a>, including premium valuation metrics with price-to-sales ratios between 80-105x and forward P/E multiples exceeding 300x. The stock has demonstrated high volatility with 10-24% price swings following earnings reports.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once" target="_blank" rel="noreferrer noopener">Elon Musk Expects Tesla Robotaxi Launch For June: ‘These Things Happen Slowly, Then All At Once'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: slyellow / Shutterstock.com

PLTR

Palantir Partners With SAP To Fuse Ontology, Foundry And Enterprise Data: CEO Alex Karp Calls It 'Extremely Valuable'

Amid the ongoing tariff dispute between President Donald Trump and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), the retail giant has responded to the potential impact of these tariffs on consumer prices.
What Happened: The President took to social media to chastise Walmart for suggesting that his administration&#8217;s tariffs would lead to increased prices for consumers. In a post on Truth Social on May 17, Trump insisted that Walmart should &#8220;Eat The Tariffs&#8221; rather than passing the cost onto consumers.
Walmart responded to Trump&#8217;s criticisms on May 20, with spokesperson Joe Pennington <a href="https://www.usatoday.com/story/money/2025/05/20/walmart-response-trump-tariffs-directive/83742350007/">telling </a>USA Today, &#8220;We&nbsp;have always worked to keep&nbsp;our prices as low as&nbsp;possible and we won&#8217;t stop.&#8221; He added, &#8220;We'll keep prices as low as we can for as long as we can given the reality of small retail margins."
SEE ALSO: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45533976/mr-wonderful-kevin-o-leary-says-elizabeth-warren-taking-an-un-american-position-by-challen" target="_blank" rel="noreferrer noopener">Mr Wonderful Kevin O&#8217;Leary Says Elizabeth Warren Taking An &#8216;Un American&#8217; Position By Challenging Crypto Law: &#8216;Bill Has Nothing To Do With Trump&#8217;</a>
Why It Matters: This dispute follows Walmart&#8217;s warning about <a href="https://www.benzinga.com/markets/25/05/45484675/trumps-tariff-challenge-amid-rising-price-concerns-president-tells-walmart-to-eat-the-tariffs">potential </a>price hikes due to tariffs, as reported. The President&#8217;s directive to Walmart sparked a backlash, with economist Peter Schiff criticizing the economic logic of Trump&#8217;s <a href="https://www.benzinga.com/news/25/05/45530403/peter-schiff-slams-trumps-eat-the-tariffs-message-to-walmart-he-might-as-well-ask-it-to-eat-rent-wag">stance </a>in a post on X on Tuesday.
The tariff uncertainty comes amid a mixed first-quarter results <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/05/45472271/walmart-growth-prospects-remain-solid-but-tariff-uncertainty-lingers-analysts-say">report from</a> Walmart. Walmart CFO John David Rainey expressed concern in a May 15 CNBC interview that proposed tariffs would significantly impact retailers, suppliers and ultimately consumers. Prices are expected to increase later this month and into June, especially for electronics, toys and food. 
Walmart President Douglas McMillon stated that the company aims to keep food prices low, but tariffs on countries like Costa Rica, Peru and Colombia are driving up costs for imported goods such as bananas, avocados, coffee and roses.
Benzinga's Edge Rankings place Walmart in the 92nd percentile for momentum and the 83rd percentile for growth, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/quote/WMT">here</a>.&nbsp;
Over the past month, Walmart climbed 5.83%. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could" target="_blank" rel="noreferrer noopener">Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&amp;P Earnings Could Fall To 0%: &#8216;Rougher Time For Markets,&#8217; Says Dan Niles</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Walmart Responds To Trump's 'Eat The Tariff' Remark: '...Worked To Keep Our Prices As Low As Possible And We Won't Stop'

ODAC recommendation based on the positive progression-free survival and clinical benefit in the Phase 3 AQUILA study
If approved, DARZALEX FASPRO&#xAE; would be the first treatment to potentially delay or prevent progression to multiple myeloma

Reported Earlier, J&J's DARZALEX FASPRO Wins US FDA Oncologic Drugs Advisory Committee Backing For Early Intervention In HR-SMM, Potentially Preventing Disease Progression

Wedbush Securities analyst Dan Ives has maintained bullish views on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock and believes Elon Musk is now focused on the EV giant.
What Happened: "This is a different Musk than we saw over the last one, three months. Dedicated, focused on Tesla, driving the next initiative." Ives said in an appearance <a href="https://www.cnbc.com/video/2025/05/20/dan-ives-on-tesla-this-is-a-watershed-moment-for-autonomy-more-bullish-after-hearing-elon-musk.html">on</a> CNBC's Closing Bell on Tuesday.
Ives also said he believes Musk is doubling down in terms of Tesla's autonomous driving and robotaxi exploits. "Autonomous, Robotaxi, June, Austin, I view as a watershed moment for Tesla, and he's not backing away." Ives said.
Ives also said he believes there's a trillion-dollar market cap for Tesla, when talking about Autonomous driving and robotics, leading to him feeling "more bullish" following Musk's interview with CNBC on Tuesday.
Ives also believes that Musk's stepping away from his political activities with the Trump administration, as well as DOGE, has helped Tesla's brand image and boosted investor confidence.
Why It Matters: Ives's comments signal Musk <a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">reaffirming his commitment</a> to Tesla as well as autonomous driving and robotaxis. The billionaire signaled that Tesla would <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">begin rolling out Robotaxis</a> in Austin in June and believes they could be ramped up to 1,000 vehicles in the coming months.
Musk also reiterated that Tesla could create a proprietary ride-sharing platform that could allow owners to also add or subtract their vehicles to Tesla's autonomous fleet, as he brushed off <a href="https://www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead">any potential deals</a> with Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Ross Gerber Slams Tesla&#8217;s FSD Technology Ahead Of Robotaxi Launch, Maintains Bearish Views On Elon Musk&#8217;s EV Giant After Dumping 10% Stake in Q1</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

TSLA

UBER

Dan Ives Calls Tesla's Austin Robotaxi Launch A 'Watershed Moment,' Maintains Bullish Views On Tesla

DELL

NVDA

Reported Earlier, Accenture, Dell, And NVIDIA Team Up To Launch On-Prem AI Refinery, Enabling Scalable, Secure Agentic AI For Regulated Industries

Reported Earlier, LeddarTech Lays Off 95% Of Workforce As Financing Talks Stall, Explores Restructuring Or Potential Asset Sale

SABR

Reported Earlier, Sabre Prices $1.325M Offering of 11.125% Senior Secured Notes Maturing July 2030, Up From $975M

Cryptocurrency analyst Willy Woo says Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) next leap into mainstream finance may hinge on a minor rejig.
What Happened: "I have no opinions on whether changing Sats units to Bitcoins is a good idea but it would make BTC compatible with the financial world. Right now most banks cannot book a currency with 8 decimal points," he wrote on X Tuesday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have no opinions on whether changing sats units to bitcoins is a good idea but it would make BTC compatible with the financial world. Right now most banks cannot book a currency with 8 decimal points.
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1925034713980535100?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Most core-banking systems top out at two or four decimal places, leaving eight-place Bitcoin entries impossible to reconcile. Even home software such as Quicken struggles, forcing users to round or split lots.
See also:<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45501880/jamie-dimon-opens-jpmorgan-to-bitcoin-access-despite-longstanding-criticism"> Jamie Dimon Opens JPMorgan To Bitcoin Access Despite Longstanding Criticism</a>
A satoshi equals 0.00000001 BTC, meaning a $3 coffee shows up as 0.000028 BTC at checkout. Proponents say whole-number pricing would read more like familiar fiat quotes. Woo argues the tweak would "make BTC compatible with the financial world" without touching its code.
Why It Matters: Block CEO Jack Dorsey <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45503054/jack-dorsey-backs-renaming-bitcoins-smallest-unit-bits-calls-satoshi-confusing">recently declared</a> "bits of Bitcoin is better," backing BIP-177 to relabel sats as bits. Developer John Carvalho's draft would redefine one Sat as one Bitcoin, creating 21 quadrillion units. Skeptics like Byte Federal's Michelle Weekley reply that "people understand cents in a dollar; they will understand sats in a Bitcoin."
Regulators have <a href="https://bankingjournal.aba.com/2024/09/sec-official-outlines-possible-exception-for-crypto-accounting-restrictions-on-banks/">eased</a> crypto-custody rules, yet accountants still fight the decimal wall. Spot-bitcoin ETFs already hold billions, but shares settle in dollars, not fractional BTC. The extra zeros remain a psychological hurdle even as Bitcoin trades <a href="https://www.benzinga.com/25/05/45521682/bitcoin-soars-to-105125-amid-institutional-investments-x-founder-proposes-btc-rebrand?utm_source=chatgpt.com">near $105,000</a>.
Photo Courtesy: Yalcin Sonat on Shutterstock.com
Price Action:&nbsp;At the time of writing, Bitcoin traded 0.93% higher at $107,764.50.
Read next: <a href="https://www.benzinga.com/25/05/45535042/recession-odds-tumble-on-kalshi-crypto-based-polymarket-as-trumps-tariff-concerns-subside">Recession Odds Slip Below 40% On Crypto Betting Marketplace As Trump Tariff Fears Fade After China Deal</a>

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

Cryptocurrency

$BTC

Popular Crypto Analyst Says Doing This One Thing Will Make Bitcoin 'More Compatible With The Financial World': Can It Really Make BTC Take Off?

Reported Earlier, Southern Company Prices Upsized $1.45B Offering Of 3.25% Convertible Notes Due 2028, With $113.54 Initial Conversion Price

Reported Earlier, TPG Prices $991M Secondary Offering Of 21M Shares At $47.25 Each By Bonderman Estate

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is making significant strides in humanoid robotics, with CEO Elon Musk revealing that the company&#8217;s Optimus robot is developing the ability to learn tasks by watching videos, similar to human learning patterns.
What Happened: In a recent <a href="https://www.youtube.com/watch?v=rEh06X4YMwk">interview</a> with CNBC at Tesla headquarters, Musk explained that while Optimus currently learns through human demonstration using motion capture technology, the company is close to achieving a major breakthrough.
&#8220;I think there&#8217;s certain threshold breakthroughs that we think we can achieve, where if Optimus can watch videos, YouTube videos or how-to videos or whatever, and based on that video, just like a human can, learn how to do that thing,&#8221; Musk said. &#8220;Then you really have a task extensibility that is dramatic, because it can learn anything very quickly. So I think we&#8217;ll get there in the next year.&#8221;
This development was reinforced by Tesla Optimus Engineering lead Milan Kovac, who elaborated on X: &#8220;One of our goals is to have Optimus learn straight from internet videos of humans doing tasks. Those are often 3rd person views captured by random cameras.&#8221; 
Kovac added that &#8220;many new skills are emerging through this process,&#8221; which can be activated via voice or text commands and run on &#8220;a single neural network on the bot.&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of our goals is to have Optimus learn straight from internet videos of humans doing tasks. Those are often 3rd person views captured by random cameras etc. ⁰⁰We recently had a significant breakthrough along that journey, and can now transfer a big chunk of the learning… <a href="https://t.co/09cSJ8QNwr">https://t.co/09cSJ8QNwr</a>
&mdash; Milan Kovac (@_milankovac_) <a href="https://twitter.com/_milankovac_/status/1925047791954612605?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/05/45534923/elon-musks-xai-plans-3040-billion-gpu-buy-near-memphis-nvidia-set-to-be-the-biggest-winner-says-top-analyst">Elon Musk&#8217;s xAI Plans $30–$40 Billion GPU Buy Near Memphis — Gene Munster Says Its A &#8216;Good Day&#8217; To Be A Nvidia Salesperson </a> Why It Matters: Despite these advancements, Tesla faces significant production challenges. During Tesla&#8217;s first quarter earnings call, Musk revealed that <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">China&#8217;s new export restrictions on rare earth magnets</a>—critical components in Optimus actuators—have disrupted the supply chain.
&#8220;We&#8217;re working through that with China. Hopefully, we&#8217;ll get a license to use the rare earth magnets. China wants some assurances that these are not used for military purposes, which, obviously, they&#8217;re not,&#8221; Musk explained.
The humanoid robot market represents massive potential, with <a href="https://www.benzinga.com/news/global/25/05/45173327/teslas-optimus-vs-xpengs-iron-the-5-trillion-iron-man-showdown">Morgan Stanley projecting a $5 trillion</a> global market by 2050. Musk believes humanoid robots will become &#8220;the biggest product ever&#8221; with &#8220;insatiable&#8221; demand, aiming to produce a million robots by 2030.
Image Via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45535042/recession-odds-tumble-on-kalshi-crypto-based-polymarket-as-trumps-tariff-concerns-subside">Recession Odds Slip Below 40% On Crypto Betting Marketplace As Trump Tariff Fears Fade After China Deal</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editor

General

Elon Musk Says Tesla's Optimus Can Learn Tasks By Watching YouTube Videos Just Like A Human

Press Releases

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Webus International Limited Announces Closing of Initial Public Offering

Webus International Limited CEO Nan Zheng Shares Post-IPO Progress and Strategies

Webus International Limited Announces Strategic Expansion into Japan with New Osaka Subsidiary

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