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Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

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Alphabet's Google Set To Be Hit With EU Charges Of Infringing Digital Markets Act; EU Antitrust Regulators Not Happy With Google's Threat To Bring Back Old Blue Links In Search Results

China&#8217;s Oppo showcased its <a target="_blank" href="https://www.benzinga.com/topic/smartphones" rel="noreferrer noopener">new flagship folding phone</a> with artificial intelligence-focused features Thursday, intensifying rivalry with premium smartphone companies like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Samsung&nbsp;Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Huawei.
The iPhone captured an <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/01/42951487/apples-iphone-market-share-declines-in-china-huawei-and-xiaomi-gain-momentum-in-2024-counterpoint" rel="noreferrer noopener">18% global market share</a> in 2024, down from 19% in 2023, due to its smartphones&#8217; lack of AI features. Samsung&nbsp;led with a market share of 19% in 2024, down from 20% in 2023.
Oppo, akin to its rivals, remains committed to artificial intelligence-focused features on the device.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43847808/lenovo-q3-earnings-20-revenue-jump-ai-pcs-and-smartphones-power-market-expansion" rel="noreferrer noopener">Lenovo Q3 Earnings: 20% Revenue Jump, AI PCs and Smartphones Power Market Expansion</a>
Oppo&#8217;s ultra-thin design, the Find N5 phone, with a 6.62-inch display and a half foldable, will retail for 2,499 Singapore dollars ($1,867.70), according to CNBC <a target="_blank" href="https://www.cnbc.com/2025/02/20/oppo-find-n5-folding-phone-specs-price-availability-.html" rel="noreferrer noopener">report</a>.
Find N5&#8217;s 5,600 milliampere-hour (mAh) battery, which is made of silicon-carbon material and is the size of a credit card. Oppo Find N5 has a triple-camera setup with a telephoto lens that can zoom in up to 30 times thanks to AI Telescope Zoom.
The phone also has a personal AI assistant that can interpret and summarize documents, generate summaries of phone calls, and translate video calls.
Oppo&#8217;s O+ Connect lets users connect their phones to a Mac computer. Oppo uses Alphabet Inc (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>) Google as its AI partner in international markets.
Recently,&nbsp;Huawei launched the Mate XT, a &#8220;trifold&#8221; phone with three screens, for the international market. Samsung recently launched additional AI capabilities on its&nbsp;new flagship Galaxy S25 series.
Apple tapped Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) to <a target="_blank" href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval" rel="noreferrer noopener">integrate AI features</a> into iPhones in China as it fights to regain lost market share from
China-backed players like Oppo, Vivo, Xiaomi, and Huawei, whose smartphones with AI features were available at a considerable discount compared to Apple.
Apple also has a partnership with Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>). Recently, <a target="_blank" href="https://www.benzinga.com/tech/25/02/43820197/apple-unveils-iphone-16e-with-a18-chip-ai-features-599-price-tag" rel="noreferrer noopener">Apple showcased its</a> $599 iPhone 16e with OLED display, A18 chip, and custom modem.
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43846533/alibaba-q3-earnings-revenue-and-eps-beat-eyes-global-e-commerce-profitability-in-fy25-increase-investments-in-ai" target="_blank" rel="noreferrer noopener">Alibaba Q3 Earnings: Revenue And EPS Beat, Eyes Global E-Commerce Profitability In FY25, Increase Investments In AI</a></li>
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Photo via Oppo

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China's Oppo Heats Up Smartphone Landscape, Launches AI-Powered Foldable At Competitive Price

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Bloomberg: President Trump Expected To Sign Memorandum That Opens The Door To Levies In Response To Digital Services Taxes Some Countries Impose On US Tech Companies

Mark Zuckerberg&#8216;s Meta&nbsp;Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;have voiced their concerns over Europe&#8217;s stringent artificial intelligence (AI) regulations, arguing that these rules are hampering the growth of the region&#8217;s tech industry.
What Happened: The public policy chiefs of these tech giants expressed their concerns&nbsp;at the Techarena tech conference&nbsp;in Stockholm, Sweden, reported <a href="https://www.cnbc.com/2025/02/21/google-meta-execs-blast-europe-over-strict-ai-regulation.html">CNBC</a>. They contended that Europe&#8217;s rigorous approach to regulating technologies like AI and machine learning is suppressing innovation.
Meta&#8217;s director of public policy, Chris Yiu stated that the European regulation around technology is sometimes too fragmented or goes too far, resulting in product delays or watered-down versions. "I think there is now broad consensus that European regulation around technology has its issues, and sometimes it's too fragmented, like GDPR [General Data Protection Regulation], sometimes it goes too far, like the AI Act."
 He mentioned Meta&#8217;s recently released Ray-Ban smart glasses as an example, highlighting their AI-powered ability to translate speech or describe images for individuals with visual impairments. The product&#8217;s launch in Europe was delayed due to regulatory issues.
Google DeepMind&#8217;s head&nbsp;of public policy, Dorothy Chou also echoed Yiu&#8217;s sentiments, She pointed out that the AI Act was created before some technologies even existed and emphasized that policy should foster a better investment environment rather than hinder technological advancement.
SEE ALSO: <a href="https://www.benzinga.com/news/25/02/43780318/trumps-executive-order-on-corruption-what-it-means-for-u-s-companies">Trump&#8217;s Executive Order On Corruption: What It Means For U.S. Companies</a>
Why It Matters: These criticisms come amidst growing concerns from Big Tech firms about&nbsp;the EU&#8217;s approach to tech&nbsp;regulation. Google and Meta have intensified their lobbying efforts to influence and ease certain aspects of the AI Act. 
In January, Google contested a record <a href="https://www.benzinga.com/25/01/43274659/google-fights-record-eu-android-fine-claims-users-choose-its-services-over-rivals">EU antitrust fine </a>over its Android operating system, arguing that users preferred its services. In February, Meta announced its plans <a href="https://www.benzinga.com/news/large-cap/25/02/43581128/consumer-tech-news-feb-3-feb-7-meta-plans-not-to-comply-with-the-eu-ai-code-of-practice-apple-raises-applecare-service-subscription-cost-more">not to comply</a> with the EU AI Code of Practice.
Meta also hinted that it will turn to President Donald Trump if the EU doesn&#8217;t relent. However, EU antitrust chief&nbsp;Teresa Ribera refused to change her stance and told Reuters on Tuesday that the team will make key decisions regarding Meta and Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), based on evidence, as scheduled in March.
Since March last year, both the tech giants have been under the EU&#8217;s scrutiny and could incur substantial fines of up to 10% of their global annual revenue if found in violation of the Digital Markets Act.
Despite the EU drawing a lot of criticism from the Trump Administration, Ribera said, &#8220;We need to be flexible but we cannot transact on human rights nor are we going to transact on the unity of Europe, and we are not going to transact on democracy and values.&#8221;
READ MORE: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43878760/dogecoins-journey-from-memecoin-to-real-money-crazy-but-cool-says-elon-musk-i-am-living-the-meme">Dogecoin&#8217;s Journey From Memecoin To &#8216;Real&#8217; Money &#8216;Crazy But Cool,&#8217; Says Elon Musk: &#8216;I Am Living The Meme&#8217;</a>

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Mark Zuckerberg's Meta And Google Slam Europe's Strict AI Rules: 'Sometimes It Goes Too Far'

AI startup&nbsp;DeepSeek&nbsp;announced plans to open-source five of its code repositories, a move aimed at fostering transparency and community-driven innovation.
What Happened: On Friday, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Google (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>) DeepMind AI rival revealed on X that it will be open-sourcing five of its repositories, sharing its progress with the public. The company stated, &#8220;Starting next week, we&#8217;ll be open-sourcing 5 repos, sharing our small but sincere progress with full transparency.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f680; Day 0: Warming up for <a href="https://twitter.com/hashtag/OpenSourceWeek?src=hash&amp;ref_src=twsrc%5Etfw">#OpenSourceWeek</a>! We&#39;re a tiny team <a href="https://twitter.com/deepseek_ai?ref_src=twsrc%5Etfw">@deepseek_ai</a> exploring AGI. Starting next week, we&#39;ll be open-sourcing 5 repos, sharing our small but sincere progress with full transparency. These humble building blocks in our online service have been documented,…
&mdash; DeepSeek (@deepseek_ai) <a href="https://twitter.com/deepseek_ai/status/1892786555494019098?ref_src=twsrc%5Etfw">February 21, 2025</a></blockquote>
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A code repository is a centralized storage space where developers can access, manage, and collaborate on software projects. DeepSeek&#8217;s decision to open-source its code repositories is a testament to its commitment to transparency and community-driven innovation. The company believes that &#8220;every line shared becomes collective&nbsp;momentum that accelerates the journey.&#8221;
SEE ALSO:<a href="https://www.benzinga.com/25/02/43871609/trumps-federal-workforce-downsizing-plan-gets-green-light-from-judge-appeal-by-unions-dismissed"> </a><a href="https://www.benzinga.com/25/02/43871609/trumps-federal-workforce-downsizing-plan-gets-green-light-from-judge-appeal-by-unions-dismissed">Trump&#8217;s Federal Workforce Downsizing Plan Gets Green Light From Judge, Appeal By Unions Dismissed</a>
Why It Matters: Open-sourcing code repositories is a significant move for any tech company, as these repositories often contain key company assets. However, for DeepSeek, the open-source nature of its V3 and R1 models has been instrumental in its recent success. 
The launch of DeepSeek&#8217;s R1 model in January caused the biggest sell-off in AI stocks with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) seeing an erosion of $593 billion in its market value. 
According to the&nbsp;<a href="https://www.scmp.com/tech/big-tech/article/3299597/ai-start-deepseek-open-source-5-code-repositories-next-week-full-transparency">South China Morning Post</a>, DeepSeek&#8217;s commitment to open-source is not just about transparency, but also about &#8220;garage-energy&#8221; and community-driven innovation. The company&#8217;s approach has resonated with the tech community, contributing to its meteoric rise in recent months.
In another significant development on Thursday, DeepSeek outlined its upcoming development priorities in a new technical study, co-authored by founder and CEO Liang Wenfeng along with 14 others. The study explores &#8220;native sparse attention&#8221; (NSA), a system designed to enhance the efficiency of artificial intelligence (AI) models in processing large volumes of data.
DeepSeek&#8217;s open-source policy is in sharp contrast to OpenAI which has kept its technology closed-source. Notably, ChatGPT&#8217;s popularity hasn&#8217;t faded despite tough competition from DeepSeek. OpenAI&#8217;s Chief Operating officer, Brad Lightcap, told CNBC, that the platform recorded a 33% increase in its user base from December, and has over 400 million weekly active users as of February.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China's DeepSeek To Open-Source Key Code Repositories In A Bid For Full Transparency

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Bloomberg: 'YouTube Plans Lower-Priced, Ad-Free Version of Paid Video Tier'

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U.S. FTC Says It Launches Inquiry On Tech Censorship

<a href="https://www.theinformation.com/articles/salesforce-in-talks-with-microsoft-oracle-and-google-about-cloud-deal-to-handle-ai" title="https://www.theinformation.com/articles/salesforce-in-talks-with-microsoft-oracle-and-google-about-cloud-deal-to-handle-ai">https://www.theinformation.com/articles/salesforce-in-talks-with-microsoft-oracle-and-google-about-cloud-deal-to-handle-ai</a>

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'Salesforce In Talks With Microsoft, Oracle And Google About Cloud Deal To Handle AI' - The Information

As the Chairman and CEO of Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Satya Nadella announced the world's first-of-a-kind quantum chip &#8211; Majorana 1, quantum computing stocks jumped with the euphoria surrounding the discovery.
What Happened: Even as skeptics raised questions on the usage of the word "breakthrough," Nadella in a podcast with Dwarkesh Patel reiterated that this was a "physics and fabrication breakthrough" and not a "quantum computing breakthrough".
Describing a new phase of matter that was used to conduct information in the new chip, Nadella in an X post said, "We've created an entirely new state of matter, unlocked by a new class of materials, topoconductors, that enable a fundamental leap in computing."
He termed this discovery as the "the transistor moment of quantum computing," in the podcast.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A couple reflections on the quantum computing breakthrough we just announced&#8230; Most of us grew up learning there are three main types of matter that matter: solid, liquid, and gas. Today, that changed. After a nearly 20 year pursuit, we've created an entirely new state of… <a href="https://t.co/Vp4sxMHNjc">pic.twitter.com/Vp4sxMHNjc</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1892242895094313420?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
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Following this, the quantum computing stocks edged higher on Wednesday. The stocks were also trading higher in the premarket on Thursday. On a year-to-date basis, these stocks had underperformed the benchmarks.
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<td>Stocks</td>
<td>Wednesday&#8217;s Performance</td>
<td>Thursday&#8217;s Pre-Market Performance</td>
<td>YTD Performance</td>
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<td>Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</td>
<td>4.58%</td>
<td>11.06%</td>
<td>-44.85%</td>
</tr>
<tr>
<td>Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</td>
<td>7.86%</td>
<td>9.80%</td>
<td>-57.57%</td>
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<tr>
<td>D-Wave Quantum Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</td>
<td>8.28%</td>
<td>9.48%</td>
<td>-31.95%</td>
</tr>
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<td>IonQ Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</td>
<td>0.59%</td>
<td>4.51%</td>
<td>-20.79%</td>
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<td>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</td>
<td>0.18%</td>
<td>0.73%</td>
<td>3.57%</td>
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See Also: <a href="https://www.benzinga.com/25/02/43839198/reduce-deficits-and-debt-full-stop-says-this-economist-as-trump-mulls-doge-dividend-by-giving-away-20-of-its-savings-to-public">&#8216;Reduce Deficits And Debt… Full Stop,&#8217; Says Craig Shapiro As Trump Mulls &#8216;DOGE Dividend&#8217; By Giving Away 20% Of Its Savings To Public</a>
Why It Matters: Investor and businessman Martin Shkreli criticized IonQ and Rigetti Computing&#8217;s stock valuations, claiming quantum computing isn&#8217;t commercially viable.
He suggested Microsoft&#8217;s new ‘Majorana 1' chip, despite its &#8220;breakthrough&#8221; claims, could hurt its market positions. Shkreli also alleged attempts to suppress the publication of Microsoft&#8217;s quantum research.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There was a fairly vicious battle to disqualify the Microsoft quantum paper from publication. The word &#39;breakthrough&#39; should be used very carefully. <a href="https://t.co/pDHiRcsh4w">pic.twitter.com/pDHiRcsh4w</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1892384299329958344?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
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Alphabet Inc. (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>) backed Google&#8217;s Willow chip which was announced on Dec. 9, 2024. It achieved a quantum memory milestone, solving a problem in minutes that would take a supercomputer longer than the universe&#8217;s age. Despite this, high error rates still limited its practical quantum memory applications.
Nadella, on the other hand, in the conversation with Patel also said "We have also got some fantastic breakthroughs on error correction."
See Also: <a href="https://www.benzinga.com/25/02/43839505/occidental-petroleum-achieves-near-term-debt-reduction-target-7-months-early-in-q4-continuing-this-momentum-management-sets-12-billion-target-for-q1">Warren Buffett&#8217;s Favorite Energy Stock Occidental Petroleum Achieves Near-Term Debt Reduction Target 7 Months Early In Q4: Management Sets $1.2 Billion Target For Q1</a>
Price Action: MSFT rose 1.25% on Wednesday, contrasting with a slight 0.028% uptick in the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100 index.
In premarket on Thursday, it was up 0.38% whereas QQQ was down 0.20%. MSFT remains 0.91% lower on a year-to-date basis and only 2.97% up over the year.
<a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">Benzinga tracks 31 analysts</a> with an average price target of $509.23 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $425 to $600. Recent ratings from UBS, DA Davidson, and RBC Capital average $478.33, suggesting a potential 14.80% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20070830/MSFT-stock-ANR-1024x388.png" alt="" class="wp-image-790724" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20070830/MSFT-stock-ANR-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20070830/MSFT-stock-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20070830/MSFT-stock-ANR-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/20070830/MSFT-stock-ANR.png 1069w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/25/02/43841233/carvanas-brain-sebastian-says-ceo-as-he-vows-aggressive-ai-initiatives-to-process-very-deep-data">Carvana&#8217;s Online Chatbot Sebastian &#8216;Represents The Brain We&#8217;re Building,&#8217; Says CEO As Used Car Retailer Posts 50% Sales Growth In Q4</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Quantum Computing Stocks RGTI, QUBT, IONQ, QBTS Cheer Microsoft's 'Majorana 1' Launch: Satya Nadella Calls It A 'Physics And Fabrication Breakthrough'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) remains strong, with shares recovering double digits a month after the DeepSeek-led selloff.
What Happened: Renowned investor Michael Del Monte is optimistic about Nvidia&#8217;s growth trajectory. He stated that no hyperscaler has reduced its capital outlay for computer and data centers, which bodes well for Nvidia, <a href="https://markets.businessinsider.com/news/stocks/blue-skies-ahead-says-investor-about-nvidia-stock-1034378048">reported</a> Market Insider. Del Monte also highlighted the industry&#8217;s current focus on model optimization, which he expects will encourage domestic AI developers to speed up growth and sustain their leadership in AI.
Del Monte further emphasizes the need for more AI data centers to meet enterprise demand. He predicts&nbsp;that AI capital expenditures will increase&nbsp;by nearly 40% year-over-year to reach $313 billion this year, with growth expected to stabilize at these levels in subsequent years.
The investor stated that the industry is going through the "model optimization" stage. "I expect that the emergence of these models will ignite the necessity of domestic AI developers to accelerate growth and development to maintain their leadership in AI," Del Monte explained. 
Looking ahead, Del Monte anticipates a strong performance from Nvidia&#8217;s fourth-quarter earnings, scheduled for release on February 26. He rates Nvidia stock as a Buy.
"Nvidia's q4'25 earnings have a strong potential to outperform driven by strong data center growth and hyperscalers' continued investment in compute capacity," added the investor.
SEE ALSO: <a href="https://www.benzinga.com/25/02/43809552/top-2-energy-stocks-that-may-explode-this-month">Top 2 Energy Stocks That May Explode This Month</a>
Why It Matters: Investors initially feared that a decrease in capex spending on AI infrastructure would impact the AI giant&#8217;s revenues and margins. However, these fears appear to be unfounded as major tech companies continue to invest heavily in AI infrastructure. For instance, Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have announced a capital outlay of <a href="https://in.benzinga.com/content/43534579/alphabet-stock-dip-a-prime-ai-powered-buying-opportunity">$75 billion </a>and $60 to $65 billion respectively in 2025.
The bullish sentiment surrounding Nvidia is not isolated. UBS maintained its bullish stance and noted that Nvidia stands strong against other AI stocks. Nvidia should deliver ‘solid' results amid ‘mixed' sentiment, stated UBS. 
Furthermore, Wedbush&nbsp;analyst&nbsp;Dan Ives&nbsp;on CNBC&#8217;s Squawk Street <a href="https://www.benzinga.com/25/02/43837526/top-analyst-predicts-apple-will-hit-4-trillion-first-followed-by-nvidia-says-ai-demand-is-exploding-despite-tariffs-and-deepseek-fears-the-bears-cant-see-ai-in-the-spreadsheets">reaffirmed his confidence in Nvidia</a>, describing it as a &#8220;table pounder&#8221; and forecasting that its market cap will eventually reach $5 trillion.
This context underscores the significance of Del Monte&#8217;s predictions and the potential growth trajectory for Nvidia.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/personal-finance/25/02/43813554/mark-cuban-said-the-stock-market-is-for-suckers-calling-buy-and-hold-the-second-most-misleading-slogan-ever-right-after-rinse-and-repeat">Mark Cuban Once Said &#8216;The Stock Market Is for Suckers,&#8217; Calling &#8216;Buy And Hold&#8217; the Second Most Misleading Slogan Ever—&#8217;Right After Rinse And Repeat&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Stock Poised To Rise Amid Strong AI Investments By Hyperscalers, Says Top Investor

Elon Musk's AI startup, xAI's Grok, has surpassed OpenAI's ChatGPT, Alphabet Inc. (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>) subsidiary Google&#8217;s Gemini, and China's DeepSeek to become the leading productivity app on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store.
What Happened: On Thursday, Musk shared a screenshot highlighting the achievement of Grok on X. He noted that Grok secured the top position without even launching its voice mode and additional upcoming features.
"This is without voice mode and many other features coming out in the next few days," Musk wrote.
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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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is without voice mode and many other features coming out in the next few days <a href="https://t.co/yofueZ7bmA">pic.twitter.com/yofueZ7bmA</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1892452789042757709?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
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Why It Matters: The ranking follows xAI's release of Grok 3 on Feb. 18, which introduced enhanced AI capabilities, including image analysis.
Its debut follows DeepSeek's release of a powerful open-source model, that <a href="https://in.benzinga.com/markets/25/02/43685601/after-deepseek-shook-wall-street-chinas-baidu-gears-up-for-ai-battle-with-next-gen-ernie-5-0-launch-in-late-2025">shook Wall Street</a> in January 2025.
Grok 3 is now available to Premium+ subscribers on X, Musk's social media platform. xAI is also introducing a new subscription plan, SuperGrok, for users accessing the chatbot through its mobile app and Grok.com.
Last year in November, Musk's AI venture reached <a href="https://www.benzinga.com/startups/24/11/42235738/in-just-16-months-elon-musk-achieved-with-xai-what-took-openai-nearly-nine-years-to-accomplish">$50 billion in valuation</a>.
Meanwhile, Musk&#8217;s investor group offered $97.4 billion to acquire OpenAI&#8217;s nonprofit assets. However, the ChatGPT-maker t<a href="https://in.benzinga.com/25/02/43755069/openai-board-rejects-elon-musks-97-billion-acquisition-proposal-days-after-sam-altman-calls-it-a-move-to-slow-down-a-competitor">urned down the proposal</a>.
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: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Elon Musk's Grok Overtakes OpenAI's ChatGPT, Google Gemini, And China's DeepSeek As The Leading Productivity App On Apple's App Store

Former hedge fund manager Martin Shkreli cast doubt on recent quantum computing advances and stock valuations, particularly targeting IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) and Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) in a series of posts on X on Wednesday.
What Happened: &#8220;IONQ and RGTI are both worth low single digits vs. their $33 and $10 prices today. quantum computing is not commercially viable in any serious way,&#8221; Shkreli wrote, suggesting Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) recent quantum announcement could negatively impact both companies&#8217; market positions.
His comments come as Microsoft unveiled its Majorana 1 quantum chip, featuring a new Topological Core architecture that the company claims could eventually scale to one million qubits. The chip utilizes topoconductor technology, enabling more reliable and scalable quantum bits through <a href="https://www.benzinga.com/25/02/43830761/microsoft-unveils-majorana-1-quantum-chip-races-against-google-and-nvidia-in-quantum-computing">controlled Majorana particles</a>.
Shkreli claimed there was an intense effort to prevent Microsoft&#8217;s quantum paper from being published, cautioning that the term &#8220;breakthrough&#8221; should be used with caution.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There was a fairly vicious battle to disqualify the Microsoft quantum paper from publication. The word &#39;breakthrough&#39; should be used very carefully. <a href="https://t.co/pDHiRcsh4w">pic.twitter.com/pDHiRcsh4w</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1892384299329958344?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
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Despite Shkreli&#8217;s bearish outlook, both quantum computing stocks have seen remarkable gains. IONQ shares have surged 221% over the past year, while RGTI stock has soared more than 572%. However, Shkreli previously pointed to operational challenges, sharing an Amazon Web Services Braket dashboard showing multiple quantum <a href="https://www.benzinga.com/markets/equities/25/01/43119243/martin-shkreli-calls-ionq-and-rigetti-best-shorts-despite-recent-stock-gains-cites-offline-quantum-systems">processing units offline</a> from both companies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">just a reminder that <a href="https://twitter.com/search?q=%24IONQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IONQ</a> and <a href="https://twitter.com/search?q=%24RGTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RGTI</a> are both worth low single digits vs. their $33 and $10 prices today. quantum computing is great but it&#39;s not commercially viable in any serious way.
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1892227181582946466?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/02/43837526/top-analyst-predicts-apple-will-hit-4-trillion-first-followed-by-nvidia-says-ai-demand-is-exploding-despite-tariffs-and-deepseek-fears-the-bears-cant-see-ai-in-the-spreadsheets">Top Analyst Predicts Apple Will Hit $4 Trillion First Followed By Nvidia — Says AI Demand Is &#8216;Exploding&#8217; Despite Tariffs And DeepSeek Fears: &#8216;The Bears Can&#8217;t See AI In The Spreadsheets&#8230;&#8217;</a>
Why It Matters: The debate over quantum computing&#8217;s commercial viability extends beyond Shkreli&#8217;s criticism. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has suggested practical quantum applications may be 15 to 20 years away, while Google, a subsidiary of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), <a href="https://www.benzinga.com/tech/24/12/42397333/google-quantum-ais-new-willow-chip-can-do-in-minutes-that-supercomputers-would-take-10-septillion-years">maintains a more optimistic</a> five-year timeline with its Willow quantum chip.
Microsoft&#8217;s entry into the quantum computing race has earned backing from the Defense Advanced Research Projects Agency (DARPA). The company has also partnered with Quantinuum and Atom Computing, integrating these quantum capabilities into its Azure cloud platform.
Shkreli, who gained notoriety as &#8220;Pharma Bro&#8221; and was convicted of <a href="https://www.benzinga.com/government/21/11/23904774/wall-street-crime-and-punishment-martin-shkreli-the-self-destructive-pharma-bro">securities fraud in 2017</a>, remains banned from the pharmaceutical industry but has recently emerged as a vocal critic in the quantum computing sector.
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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.

'Pharma Bro' Martin Shkreli Slams Microsoft's Quantum 'Breakthrough,' Predicts IONQ And RGTI Will Plummet As Tech Falls Behind

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/GOOG#NASDAQ">GOOG</a>) Google has decided to remove its AI assistant, Gemini, from the main app on <a href="https://www.benzinga.com/tech/24/11/41891904/googles-standalone-gemini-app-for-iphone-spotted-with-live-activity-what-it-could-mean-for-your-ai-experience">iOS devices</a>.
What Happened: The tech giant informed users via email, stating, &#8220;Gemini is no longer available in the Google app.&#8221; The email advised users to download the Gemini app from the App Store to continue using the AI assistant on iOS.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Gemini toggle is being removed -&gt; Google search app on iOS removing Gemini as it pushes users to full app <a href="https://t.co/UfCf6ZjyQp">https://t.co/UfCf6ZjyQp</a> <a href="https://t.co/8hb94iUkTc">pic.twitter.com/8hb94iUkTc</a>
&mdash; Glenn Gabe (@glenngabe) <a href="https://twitter.com/glenngabe/status/1892198260057559540?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
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As per media speculations, this appears to be a strategic move to encourage users to download the standalone Gemini app. However, the decision could limit Gemini&#8217;s reach, as the main Google app is widely used.&nbsp;
Google did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Alphabet posted $96.5 billion in <a href="https://in.benzinga.com/25/02/43479274/alphabet-q4-earnings-highlights-ai-cloud-youtube-momentum-continues-capex-guidance-sends-shares-lower">fourth-quarter revenue</a>, marking a 12% annual rise. However, it narrowly missed Wall Street's $96.6 billion estimate.
During the earnings call, CEO Sundar Pichai spoke about <a href="https://in.benzinga.com/25/02/43488268/googles-gemini-ai-could-soon-include-adssundar-pichai-hints-at-future-monetization-beyond-subscriptions">Google's vast reach</a>, revealing that seven products, each with over two billion users, now feature Gemini.
He also highlighted Google's AI dominance, stating that its generative media models and Gemini lead industry benchmarks. Currently, over 4.4 million developers use Gemini models—twice as many as six months ago.
Price Action: At the time of writing, Alphabet&#8217;s Class A shares dipped 0.086% in after-hours trading, while Class C shares plunged 70.069%. On Wednesday's regular session, Class A shares closed up 0.82% at $185.27, and Class C shares gained 0.72% to $187.13, according to the data from <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020425&amp;t=be2bearmibe3na1">Benzinga Pro</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Google Takes Away Gemini From Main iOS App, Users Forced To Download Standalone AI Chatbot

Wedbush analyst Dan Ives remains bullish on AI stocks, predicting Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will be the first to reach a $4 trillion market cap, followed by Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), despite concerns over tariffs and <a href="https://in.benzinga.com/markets/25/02/43685601/after-deepseek-shook-wall-street-chinas-baidu-gears-up-for-ai-battle-with-next-gen-ernie-5-0-launch-in-late-2025">rising competition</a> from China's DeepSeek.
What Happened: On Wednesday, Ives took to X, formerly Twitter, and reiterated his bullish stance on AI stocks and shared a link to his appearance on CNBC's Squawk Street.
&#8220;The bears can't see AI in the spreadsheets while in their hibernation caves… we focus on $325 billion of Big Tech Capex fueling this AI Revolution as the tech leaders of the future like Nvidia and Palantir lead tech higher in 2025,&#8221; he posted.
On CNBC's Squawk Street, Ives reiterated his confidence in Nvidia, calling it "a table pounder" and predicting it will reach a $5 trillion market cap in the future.
See Also: <a href="https://www.benzinga.com/markets/25/02/43685791/taiwan-semiconductor-could-be-the-lifeline-intel-needs-as-rumors-swirl-of-a-us-backed-joint-venture">Taiwan Semiconductor Could Be The Lifeline Intel Needs As Rumors Swirl Of A US-Backed Joint Venture</a>
Ives noted a significant 12% to 15% increase in semiconductor demand since October. &#8220;I think it just shows these enterprise use cases are exploding and that is really accelerating demand because no one wants to sort of lose their spot in line,&#8221; he said.
Despite <a href="https://in.benzinga.com/trading-ideas/25/02/43827658/exclusive-apple-nvidia-tesla-or-boeing-which-company-faces-the-biggest-risk-from-trumps-china-tariffs-35-say-this-stock">concerns over tariffs</a> and valuation worries, Ives remains optimistic about the tech sector&#8217;s growth, predicting a 25% increase in tech stocks this year.
When asked about AI adoption in enterprise software, Ives pointed to Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) as the "golden child" of AI-driven monetization.
Ives also <a href="https://www.benzinga.com/news/25/01/43350126/dan-ives-says-chinese-startup-deepseeks-6-million-ai-development-assertion-is-likely-a-fictional-sto">dismissed concerns</a> of China's DeepSeek R1 model undercutting U.S. firms. "From a DeepSeek perspective, 45-50 enterprises—not one has changed plans," he noted.
On Apple, Ives said, "The first one to hit $4 trillion will be Apple in our opinion, followed by Nvidia." He attributed this to Apple&#8217;s strategic focus on emerging markets and its partnership with Alibaba in China.
<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">The bears can't see AI in the spreadsheets while in their hibernation caves &#x1f43b;…we focus on $325 billion of Big Tech Capex fueling this AI Revolution as the tech leaders of the future like Nvidia and Palantir and Mag 7 lead tech higher in 2025&#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f30e; <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> <a href="https://t.co/k3ML6YdTjW">https://t.co/k3ML6YdTjW</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1892308017875505372?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
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Why It Matters: Major tech companies are heavily investing in artificial intelligence. Companies like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet Inc. (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>) are expected to <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/02/43564458/big-techs-2025-ai-bill-is-320-billion-and-counting-can-investors-stomach-it">spend a record $320 billion</a> on AI infrastructure by 2025, up from $246 billion in 2024.
Nvidia is expected to report its fiscal <a href="https://www.benzinga.com/markets/equities/25/02/43655881/nvidia-a-strong-buy-with-42-upside-says-analyst-predicting-positive-report-and-outlook-ahead-of-earnings">fourth-quarter earnings</a> on Thursday, Feb. 26 following the market close.
Price Action: Nvidia's stock declined 0.17% in after-hours trading to $139, following a 0.12% drop earlier on Wednesday, closing at $139.23, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>. Apple's stock dipped 0.029% after hours to $244.80, after gaining 0.16% during regular trading, closing at $244.87.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

Top Analyst Predicts Apple Will Hit $4 Trillion First Followed By Nvidia — Says AI Demand Is 'Exploding' Despite Tariffs And DeepSeek Fears: 'The Bears Can't See AI In The Spreadsheets...'

On Wednesday, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) launched Majorana 1, making its <a target="_blank" href="https://www.benzinga.com/topic/quantum-computing" rel="noreferrer noopener">quantum chip debut</a> powered by a new Topological Core architecture that it expects to realize quantum computers capable of solving meaningful, <a target="_blank" href="https://news.microsoft.com/source/features/ai/microsofts-majorana-1-chip-carves-new-path-for-quantum-computing/" rel="noreferrer noopener">industrial-scale problems in years</a>.
The chip leverages topoconductor, a material which can observe and control Majorana particles to produce more reliable and scalable qubits, which are the building blocks for quantum computers.
Topoconductors and Microsoft&#8217;s new type of chip&nbsp;offer a path to developing quantum systems that can scale to a million qubits and tackle the most complex industrial and societal problems.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/02/43815333/muddy-waters-carson-block-warns-against-chinese-stocks-despite-recent-market-surge-report" rel="noreferrer noopener">Muddy Waters&#8217; Carson Block Warns Against Chinese Stocks Despite Recent Market Surge: Report</a>
This new architecture offers a clear path to fit a million qubits on a single chip that can fit in the palm of one&#8217;s hand, delivering solutions like breaking down microplastics into harmless byproducts or inventing self-healing materials for construction, manufacturing, or healthcare.
The topoconductor, or topological superconductor, is a unique material category that can create a topological state that can produce a more stable qubit that is fast, small, and digitally controlled.
The topoconductor required developing an entirely new materials stack made of indium arsenide and aluminum, much of which Microsoft designed and fabricated atom by atom.
Microsoft aimed to coax new quantum particles called Majoranas into existence and take advantage of their unique properties to reach the next horizon of quantum computing.&nbsp;
The world&#8217;s first Topological Core, powering the Majorana 1, is reliable by design. It incorporates error resistance at the hardware level, making it more stable.
The Microsoft team&#8217;s new measurement approach enables qubits to be controlled digitally.
Microsoft has placed eight topological qubits on a chip designed to scale to one million.
That approach led the Defense Advanced Research Projects Agency (DARPA) to include Microsoft in a program to evaluate innovative quantum computing technologies.&nbsp;&nbsp;
In addition to making its quantum hardware, Microsoft has partnered with Quantinuum and Atom Computing to reach&nbsp;scientific and engineering breakthroughs&nbsp;with today&#8217;s qubits.
Now, Azure Quantum offers a&nbsp;suite of integrated solutions&nbsp;that allow customers to leverage these leading AI, high-performance computing, and quantum platforms in Azure to advance scientific discovery.
Last December, Alphabet Inc&#8217;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>) Google announced its&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/24/12/42397333/google-quantum-ais-new-willow-chip-can-do-in-minutes-that-supercomputers-would-take-10-septillion-years" rel="noreferrer noopener">quantum chip&nbsp;Willow</a>. The company said Willow could reduce errors exponentially as it scaled up&nbsp;using&nbsp;more&nbsp;qubits.
In November,&nbsp;Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tapped Quantum AI to drive the development of next-generation&nbsp;quantum computing devices to reduce week-long processes and advance quantum hardware innovation.
Google&nbsp;looks to introduce&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43552657/google-to-launch-commercial-quantum-computing-applications-in-five-years-challenges-nvdia-on-the-timeline" rel="noreferrer noopener">commercial quantum computing applications</a> within&nbsp;the next five years, challenging&nbsp;Nvidia chief&nbsp;Jensen Huang&#8217;s&nbsp;20-year prediction.
Price Action: MSFT stock closed up by 1.25% to $414.77 on Wednesday.
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Short Sellers

Microsoft Joins Quantum Computing Battle with Majorana 1, Challenging Google, Nvidia's Advances

Tiger Global Management LLC is taking bold risks. Chase Coleman's hedge fund made <a href="https://www.benzinga.com/general/hedge-funds">aggressive fourth-quarter 2024 bets</a> on high-growth names while shedding some underperformers, signaling a clear preference for tech and digital dominance.
<h2 class="wp-block-heading">Big Buys: Betting On Disruption</h2>
Tiger Global&#8217;s latest 13F <a href="https://13f.info/13f/000091957425001475-tiger-global-management-llc-q4-2024#google_vignette">filing </a>shows that as of Dec. 31, 2024, it increased its stakes in several growth stocks, with Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) leading the charge—a 2.13% increase in its portfolio weighting.
The fund also jumped on Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) ahead of its much-anticipated public momentum, boosting its position by 1.11%. 
Cybersecurity leader Zscaler Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) and e-commerce giant PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) also saw meaningful increases, reinforcing Tiger's focus on digital transformation.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43811538/5-top-tech-stocks-hedge-funds-have-been-bullish-on-in-q4-hint-its-not-nvidia">5 Top Tech Stocks Hedge Funds Have Been Bullish On In Q4 (Hint: It&#8217;s Not Nvidia)</a>
<h2 class="wp-block-heading">Major Exits: A Health Check On UnitedHealth</h2>
The biggest surprise? Tiger Global slashed its UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) stake by 5.06%, moving away from the insurance titan amid regulatory uncertainties.
Also on the chopping block were Nu Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), ZoomInfo Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) and Toast Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) &#8211; all seeing reductions, albeit on a smaller scale.
<h2 class="wp-block-heading">The Core Holdings: Meta Still Reigns Supreme</h2>
Despite the shake-ups, Tiger's core conviction remains clear: Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) still dominates its portfolio, making up 16.52% of its holdings. 
Other tech titans like Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) round out the top positions, showcasing a clear tilt toward AI, cloud computing, and digital media.
<h2 class="wp-block-heading">The Takeaway: Tiger's Tech-Forward Playbook</h2>
Tiger Global's fourth-quarter strategy signals a full-speed-ahead approach to tech, AI, and digital consumer trends while dialing back on legacy finance and healthcare.
With AI-driven companies and disruptive digital platforms leading the portfolio, Coleman&#8217;s fund continues to invest heavily in technology&#8217;s future &#8211; systematically removing exposure to declining sectors.
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Meta Remains Tiger Global's Top Holding as Fund Makes Aggressive Tech Bets

The Future Fund Managing Partner Gary Black highlighted key metrics from Baidu Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) autonomous driving progress, noting that the company&#8217;s robotaxi service achieved 1.1 million paid rides in <a href="https://www.benzinga.com/news/earnings/25/02/43778265/baidu-q4-earnings-ai-cloud-grows-margin-slides-expects-ai-investments-to-bear-fruit-in-2025">the fourth quarter</a> of 2024, jumping 36% year-over-year, according to his post on X.
What Happened: Black emphasized three critical developments: the service&#8217;s transition to 100% fully driverless operations with no remote operators, a cumulative total of 9 million robotaxi rides, and Baidu&#8217;s groundbreaking entry into Hong Kong as the first ride-hailing operator permitted to test its autonomous platform there.
The Hong Kong expansion in November marks Baidu&#8217;s first venture into a right-hand drive, left-hand traffic market, demonstrating the platform&#8217;s adaptability to different driving environments.
During the earnings call, CEO Robin Li underscored the company&#8217;s decade-long investment in autonomous driving technology, noting that Apollo Go operates in &#8220;one of the most challenging environments&#8221; due to complex traffic conditions in China. 
The company deploys its sixth-generation autonomous vehicle, the RT6, specifically designed for robotaxi operations.
<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">From today's <a href="https://twitter.com/search?q=%24BIDU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BIDU</a> earnings call on autonomous driving: &#8211; # paid robotaxi rides 1.1M in 4Q +36% YoY &#8211; cumulative robotaxi rides now 9 million &#8211; 100% fully driverless (no remote operator) &#8211; In Nov, Baidu was granted a permit to test its robotaxi platform in Hong Kong &#8211; the first… <a href="https://t.co/45Mxskhvyy">pic.twitter.com/45Mxskhvyy</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1891984980143673389?ref_src=twsrc%5Etfw">February 18, 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/markets/equities/25/02/43806398/grab-stock-is-up-52-over-the-past-year-but-investor-adam-khoo-warns-of-weak-economic-moat-and-growth-limits">Grab Stock Is Up 52% Over The Past Year, But Investor Adam Khoo Warns Of Weak &#8216;Economic Moat&#8217; And Growth Limits</a>
Why It Matters: Baidu plans to accelerate its growth through an asset-light approach, partnering with mobility service providers and local entities for efficient scaling. This expansion comes as the company competes with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo in the autonomous vehicle space.
The robotaxi milestone accompanied Baidu&#8217;s broader fourth-quarter results, where the company reported revenue of $4.68 billion, exceeding analyst estimates despite a 2% year-over-year decline. The company&#8217;s AI Cloud business showed particular strength, growing 26% during the quarter.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Baidu's Robotaxi Service Hits 1.1 Million Paid Rides In Q4, Expands To Hong Kong As 1st Operator Allowed To Test Autonomous Vehicles

The Nasdaq-100 surged to a fresh all-time high of 22,191.37 on Tuesday, as tech stocks continued their relentless climb. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), the most popular ETF <a href="https://www.benzinga.com/topic/nasdaq">tracking the index,</a> also notched a new 52-week high of $540, reflecting the broader tech momentum.
<h2 class="wp-block-heading">Meta's Unstoppable Streak</h2>
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has been on an absolute tear, closing higher for 20 consecutive trading sessions as of Friday. Although the stock was pulling back on Tuesday, down 3.8% at the time of publication.
Since Jan. 16, META stock has soared 16%, fueling the Nasdaq's ascent. Given Meta's decent weighting in the QQQ and other major ETFs, its rally has been a key force propelling both the tech-heavy Nasdaq and the broader market higher.
Read Also: <a href="https://www.benzinga.com/25/02/43726758/meta-platforms-could-break-winning-streak-missing-20th-day-of-gains-as-overbought-conditions-employee-layoffs-dampen-sentiment">Mark Zuckerberg&#8217;s Meta Stock Poised To Snap 19-Day Winning Streak As Overbought Conditions, Employee Layoffs Dampen Sentiment</a>
<h2 class="wp-block-heading">AI, Earnings, Economic Resilience</h2>
The AI boom continues to be a dominant theme, with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) leading the charge. 
<a href="https://www.benzinga.com/earnings">Strong corporate earnings</a> have also played a pivotal role, as companies across the tech sector smash analyst expectations. 
Meanwhile, economic indicators <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43699486/inflation-persists-but-so-do-stock-opportunities-rally-on">such as consumer spending</a> and GDP growth are providing a sturdy foundation for investor confidence.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/02/43711974/trump-launches-plan-for-reciprocal-tariffs-sp-500-nears-record-highs-dollar-tumbles-as-investors-cheer-on-late-kickoff">Trump Launches Plan For &#8216;Reciprocal Tariffs:&#8217; S&amp;P 500 Nears Record Highs, Dollar Tumbles</a>
<h2 class="wp-block-heading">The Fed Factor</h2>
Investors are betting that the Federal Reserve has reached the peak of its rate hike cycle. Lower interest rates would provide further fuel for the Nasdaq-100's upward momentum, making growth stocks even more attractive. 
Inflation shows signs of easing, fueling optimism that a more dovish Fed could support higher equity valuations.
<h2 class="wp-block-heading">Technical Breakout With More Upside?</h2>
According to Adam Turnquist, Chief Technical Strategist at LPL Financial, the Nasdaq-100 has decisively broken out of its December highs and could have more room to run. 
"A minimum technical-based price objective sets up near 23,650," Turnquist notes. 
Additionally, relative strength versus the S&amp;P 500 is improving, pointing to continued Nasdaq leadership.
<h2 class="wp-block-heading">ETF Winners Riding The Surge</h2>
Tech-heavy ETFs are reaping the benefits of the rally. Invesco QQQM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NASDAQ">QQQM</a>) and the First Trust Nasdaq BuyWrite Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTQI#NASDAQ">FTQI</a>) have seen steady gains, while the broader SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) has also climbed, albeit at a slower pace.
With tech stocks leading the charge and Meta's unrelenting rally keeping the momentum alive, the Nasdaq-100 looks poised for more record-breaking action.
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<a href="https://www.bloomberg.com/news/articles/2025-02-18/alphabet-ai-workers-were-illegally-silenced-about-pay-complaint-alleges?embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2025-02-18/alphabet-ai-workers-were-illegally-silenced-about-pay-complaint-alleges?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-02-18/alphabet-ai-workers-were-illegally-silenced-about-pay-complaint-alleges?embedded-checkout=true</a>

Alphabet AI Workers Were Illegally Silenced About Pay, Complaint Alleges-Bloomberg

Benchmark analyst Cody Acree reiterated Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and a <a target="_blank" href="https://www.benzinga.com/quote/AMD/analyst-ratings" rel="noreferrer noopener">$170&nbsp;price target</a>.
Acree recently hosted AMD&#8217;s Jean Hu, CFO, for a discussion with investors. He came away with further conviction in AMD&#8217;s strong fundamental position, its increasing competitiveness in the AI market, and its continued market share gains in both the Client and Server markets versus Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43728563/amc-networks-q4-earnings-subscriber-growth-cash-flow-despite-revenue-declines-impairment-charges-free-cash-flow-outlook" rel="noreferrer noopener">AMC Networks Q4 Earnings: Streaming Revenue And Subscriber Growth Cushions Revenue Decline</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12.png" alt="" class="wp-image-787133" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The analyst noted a focus on the company&#8217;s AI ramp of its next-generation MI350 GPU with a pulled-ahead schedule of mid-year 2025 versus the prior schedule of the second half. With the transition, AMD expects first-half 2025 Data Center revenue to be flat due to softer seasonality and its Instinct revenue to be flat as customers wait for the launch of the new platform.
AMD broadly expects MI350 to be much more directly competitive with Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell, with MI400 likely to be technically competitive with Rubin. Nvidia&#8217;s Blackwell delays and accelerated move-up of the MI350 launch proved that AMD is closing the competitive gap.
AMD noted ASICs only make up about 20% of the total AI silicon opportunity, thereby remaining adamant about not changing its focus priority from its primary GPU roadmap.
The analyst said that the company&#8217;s Client business continues to look solid as AMD gains market share momentum in both the Desktop and Notebook markets.
At a high level, for 2025, AMD is forecasting its PC TAM to grow by a mid-single-digit percentage year-on-year. However, based on the breadth of its client CPU portfolio and strong design win momentum, the company expects to grow its Client segment revenue well ahead of the market.
While the company expects its Client business to see normal first-quarter softer seasonality, in 2025, it is benefiting from its first win at Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) in the commercial client space.
In the server market, AMD continues to benefit from the strong adoption of its Gen 4 and new Gen 5 designs.
The company is seeing its EPYC processors gaining traction thanks to Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Dell, and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Amazon Web Services, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Alphabet Inc (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>) Google, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) launched over 100 AMD general-purpose and AI instances in just the fourth quarter.
In the fourth quarter, EPYC CPU sales grew by a strong double-digit percentage annually, thanks to high-volume deployments with ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), and others. Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) exclusively used MI300X to power their Llama 405B frontier model on meta.ai.
Microsoft leveraged MI300X to power multiple GPT-4-based Copilot services.
With over 100 customer engagements in AI, AMD expanded its ROCm software suite.
International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), and several other AI-focused Cloud Service Providers have begun deploying AMD Instinct accelerators for new instances. IBM also announced plans to enable MI300X on their watsonx.ai and data platform for training and deploying enterprise-ready generative AI applications.
AMD began volume production of MI325X in the fourth quarter. MI325 delivers significant performance and TCO advantages compared to competitive offerings, including H100.
AMD has passed key milestones and received unconditional regulatory approvals regarding its acquisition of ZT Systems. Additionally, AMD expects to divest ZT Systems&#8217; data center infrastructure production capabilities.
While industry capacity will likely remain tight, AMD noted it has successfully secured sufficient wafer capacity to support its customers&#8217; planned ramps through the end of this year and into 2026.
Price Action: AMD stock is up 1.10% at $114.35 at the last check on Tuesday.
Also Read:
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