IREN Option Alert: Sep 19 $17 Puts at the Bid: 3500 vs 14020 OI

IREN Option Alert: Sep 19 $17 Puts at the Bid: 3500 @ $5.3 vs 14020 OI; Ref=$13.13

IREN Option Alert: May 16 $15 Puts Sweep (5) near the Bid: 3000 vs 7840 OI

IREN Option Alert: May 16 $15 Puts Sweep (5) near the Bid: 3000 @ $3.246 vs 7840 OI; Ref=$13.03

IREN Option Alert: May 16 $15 Puts at the Ask: 2500 vs 7840 OI

IREN Option Alert: May 16 $15 Puts at the Ask: 2500 @ $3.3 vs 7840 OI; Ref=$13.0293

IREN Option Alert: Jan, 2026 $15 Puts Sweep (52) near the Bid: 2536 vs 36296 OI

IREN Option Alert: Jan, 2026 $15 Puts Sweep (52) near the Bid: 2536 @ $4.501 vs 36296 OI; Ref=$13.025

IREN Option Alert: Jan, 2026 $12.5 Puts at the Bid: 82110 vs 85731 OI

IREN Option Alert: Jan, 2026 $12.5 Puts at the Bid: 82110 @ $3.15 vs 85731 OI; Ref=$12.5

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IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.

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Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) guided for higher fourth quarter revenue during its earnings call on Tuesday. The company anticipated strong demand for artificial intelligence infrastructure solutions, specifically those powered by Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell GPUs.
What Happened: Despite reporting <a href="https://www.benzinga.com/pressreleases/25/05/b45235128/supermicro-announces-third-quarter-fiscal-year-2025-financial-results">third-quarter revenue</a> that fell short of its initial forecast, the company anticipates a significant upswing in the current quarter, projecting net sales in the range of $5.6 billion to $6.4 billion.
The company&#8217;s third-quarter performance saw net revenue reach $4.6 billion, a 19% increase year-over-year but a 19% decrease quarter-over-quarter.
This dip, as explained by CEO Charles Liang during the earnings call, was primarily attributed to customers delaying commitments as they evaluated AI platforms based on the current Hopper architecture versus the upcoming Blackwell GPUs.
However, Liang expressed strong optimism for the coming quarters. &#8220;We expect many of these engagements to materialize in the June and September quarters, strengthening our confidence in meeting our long-term growth targets as we close out this eventful fiscal year,&#8221; he stated.
He further emphasized that Blackwell is now in full volume production, leading to increasing order momentum.
The anticipated growth in the fourth quarter is heavily reliant on the ramp-up of Blackwell-based systems. Supermicro highlighted its &#8220;first-to-market&#8221; advantage with new generation AI products, including air-cooled 10U and liquid-cooled 4U NVIDIA B200 HGX systems, as well as GB200 NVL72 racks.
The company has also begun offering solutions featuring AMD&#8217;s MI-325X GPUs, further broadening its AI portfolio. Looking ahead, SMCI is poised to offer platforms based on NVIDIA&#8217;s B300 and GB300, and Advanced Micro Devices Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) MI-350 this summer.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45218040/warren-buffett-expresses-disappointment-over-dollar-depreciation-dont-want-to-own-assets-in-a-currency-that-is-really-going-to-hell">Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don&#8217;t Want To Own Assets In A Currency That Is &#8216;Really Going To Hell&#8217;</a>
Why It Matters: While the near-term macroeconomic environment and tariff uncertainties were acknowledged as potential headwinds, Supermicro&#8217;s global manufacturing footprint, including expanding facilities in the US, Taiwan, and Malaysia, positions it to navigate these challenges.
The company also reported a strong cash flow from operations in Q3 at $627 million and a positive net cash position.
SMCI <a href="https://www.benzinga.com/news/earnings/25/05/45236823/super-micro-computer-stock-slips-after-q3-results-uncertainty-and-tariffs-may-have-a-short-term-impact-ceo-says">reported quarterly earnings</a> of 31 cents per share, which missed the analyst consensus estimate of 50 cents by 38%. Quarterly revenue came in at $4.6 billion, which missed the analyst consensus estimate of $5.42 billion by 15.1%. 
Shares ended 2.39% higher on Tuesday and fell by 4.77% in after-hours. It has gained 9.62% on a year-to-date basis and fallen 59.79% over a year.
Benzinga Edge Stock Rankings shows that SMCI had a weak price trend over the short, medium, and long term. Its momentum ranking was weak at 29.32th percentile, whereas its value ranking was good at 72.94th 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/report/SMCI"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07035019/SMCI-Edge-new-1024x148.png" alt="" class="wp-image-904986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07035019/SMCI-Edge-new-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07035019/SMCI-Edge-new-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07035019/SMCI-Edge-new-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07035019/SMCI-Edge-new.png 1207w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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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: CryptoFX / Shutterstock.com

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SMCI Issues Strong Q4 Revenue Outlook, Expects Nvidia's Blackwell To Fuel Growth

Sampo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAXPY#OTC">SAXPY</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.10 by 130 percent. This is a 4.55 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $2.30 billion which missed the analyst consensus estimate of $2.49 billion by 7.75 percent. This is a 1.14 percent increase over sales of $2.27 billion the same period last year.

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Sampo Q1 Adj. EPS $0.23 Beats $0.10 Estimate, Sales $2.30B Miss $2.49B Estimate

Chief Investment Strategist&nbsp;at Piper Sandler, Michael Kantrowitz, throws light on the direction of the U.S.-China trade deal and weighs in on the possibility of recession. 
What Happened:&nbsp;Michael Kantrowitz, Chief Investment Strategist&nbsp;at Piper Sandler, suggested in a <a href="https://www.youtube.com/watch?v=4QeQhYzm8A8">discussion </a>with CNBC&#8217;s &#8216;Closing Bell Overtime&#8217; on Tuesday that the market&#8217;s&nbsp;primary focus remains on U.S.-China&nbsp;relations, regardless of the Trump administration&#8217;s attempts to isolate China. 
President Trump&#8217;s tariff rhetoric has been a significant market sentiment driver. He has proposed&nbsp;reducing tariffs on Chinese goods&nbsp;from the current 145% to approximately 60%, a suggestion that markets have accepted at face value.
However, Kantrowitz cautions that the&nbsp;market is shifting from a &#8220;hearing is believing&#8221; mindset&nbsp;to demanding concrete actions. With&nbsp;a 90-day tariff window on the horizon, investors are left in suspense about when they will receive clarity.
Kantrowitz reportedly told CNBC, &#8220;We do expect Trump to reduce China tariffs near 60% in the coming weeks, which could be the last big upside catalyst for a while.&#8221;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="717" height="421" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07032100/image-62.png" alt="" class="wp-image-904935" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07032100/image-62.png 717w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07032100/image-62-300x176.png 300w" sizes="(max-width: 717px) 100vw, 717px" /></figure>
Kantrowitz describes the current economic climate as an &#8220;economic suppression&#8221; rather than a typical recession, driven by uncertainty surrounding future trade policies. He contends that the dependence on rhetoric cannot last indefinitely, and that markets will soon require concrete results.
&#8220;Interest rates have been fairly well behaved, albeit flat, for the last couple of years, and oil prices are at a multi-year low. So, you know, putting that aside, the economy should be pretty good right now,&#8221; explained the Chief Investment Strategist.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45243344/bitcoin-reserve-bill-signed-into-law-by-new-hampshire-governor-granite-state-move-makes-it-a-pioneer" target="_blank" rel="noreferrer noopener">Bitcoin Reserve Bill Signed Into Law By New Hampshire Governor: Granite State Move Makes It A Pioneer &#8211; Benzinga</a>
Why It Matters: The ongoing U.S.-China trade dispute has been a significant market influencer. The reported push towards the appointment of <a href="https://www.benzinga.com/news/global/25/05/45188171/china-pushes-for-special-envoys-as-direct-deal-with-trump-deemed-risky-plans-fentanyl-concessions-as-negotiating-leverage-report">special envoys</a> by Presidents Donald Trump and Chinese President Xi Jinping could potentially pave the way for communication channels and facilitate resolution.
However, the market&#8217;s focus on China has overshadowed other significant trade dynamics. As&nbsp;<a href="https://www.benzinga.com/news/global/25/05/45215257/bill-ackman-calls-tariffs-a-one-time-reset-warns-prolonged-china-fight-could-drag-market-slump-to-q2">Bill Ackman</a>, billionaire hedge-fund manager, pointed out, the tariffs are likely to be a &#8220;one-time reset&#8221; rather than a new wave of inflation, suggesting that the market may be overemphasizing the impact of U.S.-China relations.
Interestingly, <a href="https://www.benzinga.com/trading-ideas/25/05/45233994/paul-tudor-jones-predicts-recession-new-market-lows-but-his-past-bearish-calls-in-2022-2023-missed-big-rallies">Paul Tudor Jones</a>, another billionaire hedge fund manager, believes the U.S. economy is either in or near recession, indicating that the market may need to broaden its focus beyond China. He also stated to CNBC Squawk Box on Tuesday that the stock prices could hit new lows even if the U.S. reduces tariffs on China to 50%.
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) surged 13.62%, while SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 10.79% over the past month since Trump's ‘Liberation Day' tariffs.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45225026/bitcoin-ethereum-xrp-dogecoin-on-a-knifes-edge-ahead-of-wednesdays-federal-reserve-decision" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin On A Knife&#8217;s Edge Ahead Of Wednesday&#8217;s Federal Reserve Decision &#8211; Benzinga</a></li>
</ul>
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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.

Trump May Lower China Tariffs To 60% In Coming Weeks, Says Piper Sandler Investment Strategist: '...Could Be The Last Big Upside Catalyst For A While'

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)-owned WhatsApp has secured a $168 million jury verdict against NSO Group, the Israeli firm behind the controversial Pegasus spyware, over a 2019 hacking incident.
What Happened: A federal jury in California ruled that NSO Group must pay $168 million in damages to WhatsApp for exploiting a vulnerability in the encrypted messaging platform, <a href="https://www.ft.com/content/be26c503-b4e0-4ba5-a5ca-e9e75c351c46">reported</a> the Financial Times on Tuesday.&nbsp;
The exploit allowed NSO's clients to secretly install Pegasus spyware on the devices of journalists, human rights activists, and political dissidents.
This is the first time a spyware maker has been held liable in court for breaching the technical defenses of major smartphone platforms, the report said.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price" target="_blank" rel="noreferrer noopener">Meta CEO Mark Zuckerberg Says AI Won&#8217;t Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a>
"The jury's decision to force NSO to pay damages is a critical deterrent to this malicious industry against their illegal acts aimed at American companies," WhatsApp parent company Meta said in a statement, the report added.
NSO Group responded that it plans to appeal the verdict. "We firmly believe that our technology plays a critical role in preventing serious crime and terrorism and is deployed responsibly by authorized government agencies," the company said.
Why It's Important: WhatsApp's victory <a href="https://www.benzinga.com/news/21/11/24259973/apple-sues-israels-nso-group-accuses-it-of-using-pegasus-spyware-to-gain-unauthorized-access-to-ipho">potentially exposes NSO to lawsuits</a> from other major tech companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</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>), firms whose platforms Pegasus has exploited or tried to breach to deploy its spyware, the report said.
Benzinga Edge Stock Rankings gives Meta a robust growth rating of 75.93%, reflecting its strong market performance. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with</a> Amazon and Apple.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Photo courtesy: Worawee Meepian / Shutterstock.com

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Meta's WhatsApp Wins $168 Million Verdict Against Pegasus Spyware Maker NSO Group For 2019 Hack

Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO and Founder RJ Scaringe warned of potential negative impacts of U.S. President Donald Trump's 25% auto tariffs as company shares fell 1.4% following the earnings call.
What Happened: "Customers are hesitant to make large-dollar purchases, and they&#8217;re more price sensitive than they historically have been," Scaringe told Reuters on Wednesday. He also expects the tariffs to raise the cost per vehicle by "a couple of thousand" dollars.
The EV maker revised its projections for deliveries in 2025 as Rivian slashed down expected deliveries to 40,000 &#8211; 46,000 units this year.
Why It Matters: Rivian announced <a href="https://www.benzinga.com/news/earnings/25/05/45236756/rivian-q1-earnings-double-beat-record-gross-profit-delivery-estimates-lowered-on-tariff-concerns">better-than-expected</a> quarterly results at the Q1 2025 earnings call with investors. The company reported first-quarter revenue of $1.24 billion, which is a 3% YoY increase.
The EV maker also expects<a href="https://www.benzinga.com/markets/equities/25/05/45243985/rivian-holds-firm-on-45k-r2-price-despite-tariff-pressures-ceo-rj-scaringe-says-its-important-for-us-as-ev-maker-tops-q1-estimates"> to hold firm </a>on the $45,000 price of its upcoming affordable SUV, the Rivian R2, despite tariff uncertainties. Rivian recently announced plans to <a href="https://www.benzinga.com/25/05/45218458/rivian-handed-16-million-boost-by-government-as-plans-for-120-million-illinois-supplier-park-take-shape">invest over $120 million </a>to build a supplier park at its Normal, Illinois, manufacturing facility.
Interestingly, Scaringe recently shared in an interview that the company's <a href="https://www.benzinga.com/tech/25/04/44836493/rivians-us-centric-supply-chain-could-offer-edge-amid-trumps-auto-tariffs-says-ceo-rj-scaringe">U.S.-centric supply chain</a> could give it an edge over its competitors amid Donald Trump's auto tariffs.
<figure class="wp-block-image size-large is-resized"><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="204" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025-1024x204.jpg" alt="" class="wp-image-904893" style="width:929px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025-1024x204.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025-768x153.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025-1536x306.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07030307/RIVN-MAY-7-2025.jpg 1671w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Rivian scores well on Momentum and Growth metrics, and has a satisfactory score on the Value metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Michael Berlfein via Shutterstock

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RIVN

Rivian CEO RJ Scaringe Says Donald Trump's Tariffs Could Increase Costs By 'A Couple Of Thousand,' Slashes Delivery Projections

Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) slashed its 2025 sales forecast Wednesday, citing lower-than-expected penetration of its branded GLP-1 weight loss and diabetes treatments in the U.S. market due to competition from compounded versions of the drugs.
What Happened: The Danish pharmaceutical giant now expects sales growth of 13-21% at constant exchange rates, down from previous projections. Operating profit growth is now forecast at 16-24%.
&#8220;We have reduced our full-year outlook due to lower-than-planned branded GLP-1 penetration, which is impacted by the rapid expansion of compounding in the U.S.,&#8221; said CEO Lars Fruergaard Jørgensen in the company&#8217;s first quarter earnings report.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45244733/elon-musks-xai-teams-up-with-palantir-twg-global-as-alex-karp-backs-ai-push-in-financial-services">Elon Musk&#8217;s xAI Teams Up With Palantir, TWG Global As Alex Karp Backs AI Push In Financial Services</a>
Why It Matters: The headwinds come as weight-loss industry pioneer WW International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>), formerly known as WeightWatchers, filed for <a href="https://www.benzinga.com/markets/25/05/45243206/despite-bruce-galloways-pushback-on-bankruptcy-weightwatchers-enters-chapter-11-says-members-wont-be-affected">Chapter 11 bankruptcy protection this week</a>, highlighting the disruptive impact of GLP-1 drugs like Novo&#8217;s Wegovy and Ozempic.
Novo Nordisk faces additional market uncertainty as the President Donald Trump administration contemplates policies to match U.S. drug prices with <a href="https://www.benzinga.com/markets/25/04/44945973/trump-administration-considers-lowering-us-drug-prices-to-international-levels-report">lower rates in other developed nations</a>. 
The company continues to expand its product pipeline, recently completing the REDEFINE 2 trial for CagriSema, which demonstrated 15.7% weight loss in adults with obesity or overweight and type 2 diabetes. Novo Nordisk still expects to file for regulatory approval in the first quarter of 2026.
&#8220;With around 1 billion people living with obesity globally and only few million on treatment, Novo Nordisk continues the global roll-out of Wegovy,&#8221; the company stated.
Price Action: Novo Nordisk stock closed at $66.29 on Tuesday, down 4.09% for the day. In after-hours trading, the stock rose 1.37% to $67.20. Year to date, the stock has declined by 24.26%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">Scott Bessent To Meet Chinese Officials For Crucial Trade Talks In Switzerland: Trump Administration</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: JHVEPhoto / Shutterstock.com

Health Care

Novo Nordisk's Weight Loss Blockbuster Faces Setback From US Compounding Surge, Forecast Trimmed

Greenfire Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>) reported quarterly earnings of $0.16 per share. This is a 132 percent increase over losses of $(0.50) per share from the same period last year. The company reported $126.83 million in sales this quarter. This is a 14.95 percent decrease over sales of $149.12 million the same period last year.

Greenfire Resources Q1 EPS $0.16 Up From $(0.50) YoY, Sales $126.83M Down From $149.12M YoY

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) to report quarterly earnings at $1.20 per share on revenue of $23.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Disney shares rose 0.8% to $92.92 in after-hours trading.</li>
<li>Analysts are expecting Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to post quarterly earnings at 50 cents per share on revenue of $11.62 billion. The company will release earnings before the markets open. Uber shares gained 0.8% to $86.47 in after-hours trading.</li>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) reported stronger-than-expected first-quarter financial results Tuesday after the bell. AMD said it expects second-quarter revenue of approximately $7.4 billion, plus or minus $300 million. Analysts are currently forecasting second-quarter revenue of $7.24 billion. AMD shares gained 1.8% to $100.40 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) posted mixed first-quarter results after Tuesday&#8217;s closing bell. Arista Networks reported quarterly earnings of 65 cents per share, which beat the analyst consensus estimate of 60 cents. Quarterly revenue came in at $2 billion, which missed the consensus estimate of $2.02 billion. The company also said it sees second-quarter revenue of $2.1 billion, versus the $2.11 billion estimate. Arista Networks shares dipped 3.8% to $87.30 in the after-hours trading session.</li>
<li>Analysts expect Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) to post quarterly earnings at $2.87 per share on revenue of $2.51 billion before the opening bell. Owens Corning shares gained 3.7% to $147.88 in after-hours trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/25/05/45219636/top-2-energy-stocks-that-are-ticking-portfolio-bombs">Top 2 Energy Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo courtesy: DenPhotos / Shutterstock.com

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UBER

Walt Disney, Uber Technologies And 3 Stocks To Watch Heading Into Wednesday

Osisko Development (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODV#NYSE">ODV</a>) reported quarterly losses of $(0.19) per share. This is a 108.89 percent decrease over losses of $(0.09) per share from the same period last year.

Osisko Development Q1 EPS $(0.19) Down From $(0.09) YoY

The thought of selling Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) makes you feel squeamish? Strike, a cryptocurrency payments firm, has launched a new lending product that allows users to take out loans using the world's largest cryptocurrency as collateral.
What Happened: The firm's CEO, Jack Mallers, took to X, explaining how the new offering would work.
Like other credit-financing mechanisms, Bitcoin-backed loans involve temporarily pledging held BTC as secure collateral and receiving a cash loan, to be repaid with interest. The larger the loan, the more collateral is required.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Announcing Strike Lending You shouldn't have to sell the best-performing asset in human history to access cash. Now you don&#39;t have to. Access your bitcoin wealth without selling it. Build a better life on top of bitcoin with <a href="https://twitter.com/Strike?ref_src=twsrc%5Etfw">@Strike</a>. Borrow fiat. HODL <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a>. <a href="https://t.co/t3SqVeu8fq">pic.twitter.com/t3SqVeu8fq</a>
&mdash; Jack Mallers (@jackmallers) <a href="https://twitter.com/jackmallers/status/1919774506261909705?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
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For a 12-month loan, the interest rates begin at 12%, with a minimum borrowing amount of $75,000 and a maximum of $2 million. The loan-to-value ratio will be set at 50%, suggesting that the loans will be overcollateralized.
Strike cautioned that due to Bitcoin's price volatility, the collateral value could diminish, limiting the lender's ability to recover funds. In the event of a liquidation, the collateral could be sold to meet the loan-to-value ratio requirement.
Strive said the feature is available in select U.S. states with plans of expansion in the future.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead">Maxine Waters Plans Walkout From Crypto Hearing, Will Host &#8216;Shadow Hearing&#8217; Opposing Trump Family Ventures: Report</a>
Why It Matters: Strike was not the first mainstream trading app allowing users to borrow against their Bitcoin holdings. Cryptocurrency behemoth Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users"> launched</a> a similar offering earlier in January.
Additionally, decentralized lending protocol Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>) allows users to access liquidity by supplying their Bitcoin.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $96,666.47, up 2.42% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: PV productions On Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45214067/two-dormant-bitcoin-whales-move-325-million-after-a-decade-whats-going-on">Two Dormant Bitcoin Whales Move $325 Million After A Decade: What&#8217;s Going On?</a></li>
</ul>

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

Cryptocurrency

$AAVE

$BTC

COIN

Have Bitcoin? Need Cash? Strike Launches New Product Allowing Users To Borrow Up To $2 Million

Despite ongoing trade tensions between the U.S. and China, expert quotes the prevailing consensus that is anticipating minimal impact on future economic growth and corporate earnings.
What Happened: This comes after the U.S. and China agreed to hold <a href="https://www.benzinga.com/25/05/45242461/donald-trumps-trade-war-sparks-first-major-us-china-talks-scott-bessent-jamieson-greer-to-meet-chinese-delegation-in-geneva">high-level trade talks</a> in Switzerland this weekend, their first major meeting since President Donald Trump initiated the trade war. The meeting comes amid growing U.S. market concerns over tariff impacts.
According to a recent analysis shared by market strategist Bob Elliott, the current market sentiment is discounting the potential effect of the existing trade policies.
Elliott highlighted that equity analysts and economists appear confident that the &#8220;admin&#8217;s policies&#8221; will not impede earnings growth in the coming years, with earnings projections for 2025 mirroring those of 2024 and even accelerating into 2026.
He underscores the relatively high 12-month forward earnings estimates, which remain considerably above current-year figures, suggesting a lack of widespread concern about long-term repercussions.
While the economic growth forecasts for 2025 have seen some downward revisions, the implied growth for the remainder of the year remains robust. Household consumption growth estimates also remain strong, mirroring the growth seen in the first quarter, as highlighted by Elliott in a series of posts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Equity analysts continue remain confident that any impacts from the admin&#39;s policies will not result in a drag on earnings ahead. Earnings growth expectations for &#39;25 match that of &#39;24 despite a much different policy environment. And are expected to accelerate to 13% in &#39;26. <a href="https://t.co/WM3iJknf5m">pic.twitter.com/WM3iJknf5m</a>
&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1919704301057855788?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45218040/warren-buffett-expresses-disappointment-over-dollar-depreciation-dont-want-to-own-assets-in-a-currency-that-is-really-going-to-hell">Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don&#8217;t Want To Own Assets In A Currency That Is &#8216;Really Going To Hell&#8217;</a>
Why It Matters: Adding a layer of cautious perspective, Marko Kolanovic, former Chief Strategist at JP Morgan, also commented on the news of potential U.S.-China negotiations.
In a social media post, Kolanovic warned against premature optimism concerning the nature of other geopolitical conflicts. He suggested that the initial contact between the two economic powerhouses should not be interpreted as an end to the trade war, highlighting the potentially lengthy and complex nature of such negotiations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To think that this very first contact means an end to trade war, would be as naive as to think that the first negotiation between Russia and Ukraine, or Israel and hamas few years ago meant imminent end of the war back then. It didn&#39;t.
&mdash; Marko Kolanovic (@markoinny) <a href="https://twitter.com/markoinny/status/1919879316331970612?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
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Price Action: After Tuesday, the S&amp;P 500 index was out of the correction zone, just down 8.79% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 9.42% lower than its 52-week high of 45,073.63 points and Nasdaq 100 was 10.94% lower than its previous high of 22,222.61 points.
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 0.84% to $558.80, while the QQQ declined 0.93% to $481.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the futures of Dow Jones, S&amp;P 500, and Nasdaq 100 were trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/markets/futures/25/05/45220427/cathie-wood-bucks-consensus-predicts-economic-boom-and-broad-bull-market-the-opportunity-is-now">Cathie Wood Bucks Consensus, Predicts Economic Boom And Broad Bull Market: &#8216;The Opportunity Is Now&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Global

Economics

Trade War Will Not Impact 'Growth Or Earnings Ahead,' Says Expert As China-US Hint At Initiating Negotiations

Reported Earlier, NOVAGOLD Announces Proposed Public Offering Of Up To 43.5M Common Shares

The Company intends to apply to list the Notes on the New York Stock Exchange ("NYSE") and, if the application is approved, expects trading in the Notes on NYSE to begin within 30 days after the Notes are first issued.

Reported Earlier, TWO Harbors Investment Prices $100M Public Offering Of 9.375% Senior Notes Due 2030

The U.K. and India have concluded a free trade agreement after three years of intermittent negotiations, with the aim of boosting bilateral trade by $34 billion by 2040.
What Happened:&nbsp;The deal between the world&#8217;s fifth and sixth largest economies comes in the wake of tariff chaos sparked by U.S. President Donald Trump. The agreement is anticipated to reduce&nbsp;tariffs on goods such as&nbsp;whisky and create opportunities for British companies in India and Indian workers in the U.K, reported Reuters.
Indian Prime Minister&nbsp;Narendra Modi&nbsp;characterized the deal as &#8220;ambitious and mutually beneficial,&#8221; while British Prime Minister&nbsp;Sir Keir Starmer&nbsp;praised it as a &#8220;new era for trade.&#8221;
This deal marks India&#8217;s step towards liberalizing its traditionally protected markets, including the automotive sector, and sets a benchmark for its future interactions with major Western powers. For the U.K., this is the most substantial trade agreement since its exit from the European Union in 2020.
India&#8217;s trade ministry announced that under the agreement, 99% of Indian exports—including textiles—will be exempt from duties. In contrast, the U.K. will see tariff reductions on 90% of its tariff lines.
The deal is expected to boost the UK's annual economic output by £4.8 billion ($6.41 billion) by 2040—a modest yet significant gain relative to the country's £2.6 trillion ($3.47 trillion) GDP in 2024.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/events/25/04/44971154/trump-fails-to-impress-americas-young-shows-poll-as-they-still-favor-biden-only-15-think-us-on-right-track" target="_blank" rel="noreferrer noopener">Trump Fails To Impress America&#8217;s Young, Shows Poll As They Still Favor Biden — Only 15% Think US On Right Track &#8211; Benzinga</a>
Why It Matters:&nbsp;Interestingly, the landmark deal between the U.K. and India comes at a time when a concrete deal between the U.S. and India is highly awaited. 
A few weeks back, U.S. Vice President JD Vance visited India, wherein he finalized terms for a trade negotiation, aiming to double bilateral trade between the U.S. and India to $500 billion by the end of the decade. Meanwhile, U.S. Treasury Secretary Scott Bessent has reiterated several times that India could be the first country to sign a trade deal with the U.S.
Notably, President Trump told reporters on Tuesday that India has offered to drop all tariffs on American imports. &#8220;They&#8217;ve already agreed. They would have never done that for anybody else but me,&#8221; asserted Trump. 
India, however, has not issued any official statements on the matter, as trade negotiations with the U.S. are still ongoing.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45241770/india-fires-missiles-into-pakistani-territory-trump-hopes-fighting-between-nuclear-rivals-ends-very-quickly" target="_blank" rel="noreferrer noopener">India Fires Missiles Into Pakistani Territory, Trump Hopes Fighting Between Nuclear Rivals &#8216;Ends Very Quickly&#8217; &#8211; Benzinga</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.

UK, India Seal $34 Billion Free Trade Deal Amid Tariff Turmoil — As Trump Waits In The Wings

For April 2025, the total number of terminal passengers at GAP's 12 Mexican airports increased by 9.9%, compared to April 2024. Tijuana, Guadalajara, Los Cabos, and Puerto Vallarta airports presented an increase in passenger traffic of 10.0%, 9.0%, 8.7%, and 5.7% respectively, compared to April 2024. On the other hand, Montego Bay presented a decrease in passenger traffic of 1.3%, compared to April 2024.

Reported Earlier, Grupo Aeroportuario del Pacifico April 2025 Passenger Traffic Increased 9.1% Compared To 2024

MPLX

Reported Earlier, I Squared, MPLX, and Enbridge Announce Agreement to Acquire Equity Stakes in Matterhorn Express Pipeline From Ridgemont And Devon Energy

Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/JCI/earnings">opening bell on Wednesday, May 7.</a>
Analysts expect the Cork, Ireland-based company to report quarterly earnings at 80 cents per share, up from 78 cents per share in the year-ago period. Johnson Controls International projects to report quarterly revenue at $5.66 billion, compared to $6.7 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 12, the company's board of directors approved a regular quarterly dividend of 37 cents per share of common stock.
Johnson Controls International shares fell 0.6% to close at $88.81 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/JCI/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and cut the price target from $95 to $85 on April 14, 2025. This analyst has an accuracy rate of 81%.</li>
<li>JP Morgan analyst Stephen Tusa maintained an Overweight rating and cut the price target from $100 to $81 on April 8, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and slashed the price target from $88 to $85 on March 10, 2025. This analyst has an accuracy rate of 73%.</li>
<li>UBS analyst Amit Mehrotra upgraded the stock from Neutral to Buy and boosted the price target from $90 to $103 on Feb. 10, 2025. This analyst has an accuracy rate of 75%.</li>
<li>RBC Capital analyst Deane Dray maintained a Sector Perform rating and raised the price target from $86 to $93 on Feb. 6, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying JCI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07031300/image-61-1024x568.png" alt="" class="wp-image-904917" style="width:552px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07031300/image-61-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07031300/image-61-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07031300/image-61-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07031300/image-61.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/05/45219636/top-2-energy-stocks-that-are-ticking-portfolio-bombs">Top 2 Energy Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

Johnson Controls Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

<ul>
<li>Gates Foundation supports Evotec with a $ 2.5 M grant to generate critical data supporting development of next generation tuberculosis drug combinations.</li>
<li>The collaboration continues a successful partnership on evaluating new treatment regimens aimed at reducing treatment duration and overcoming resistance to current therapies.</li>
</ul>

Evotec Secures $2.5M Grant To Generate Critical Data Supporting New TB Regimens

<ul>
<li>DA-1241 Significantly Decreased Plasma ALT levels, with a Mean Reduction of 22.8 U/L After 16 Week-Treatment</li>
<li>Controlled Attenuation Parameter (CAP) Score Improved by 23.0 dB/m, Indicating Reduced Liver Fat Content</li>
<li>Improvement in Systemic Inflammatory and Fibrosis Biomarkers Supports Beneficial Effects on Liver Health</li>
</ul>

MTVA

MetaVia Presents Phase 2a Data at EASL 2025 Showing DA-1241, A GPR119 Agonist, Significantly Lowers ALT And Liver Fat An Presumed MASH Patients

Data highlighted in late-breaker poster presentation shows that imdusiran achieves functional cure in chronic hepatitis B (cHBV) patients when combined with VTP-300 and low dose nivolumab
In a Phase 1a/1b clinical trial, AB-101, an oral PD-L1 inhibitor, has shown to be generally safe and well-tolerated with evidence of high receptor occupancy and no liver dysfunction in cHBV patients

ABUS

Arbutus's Imdusiran Plus VTP-300 And Low-Dose Nivolumab Achieve HBsAg Loss And Seroconversion In cHBV Patients, New Phase 2a Data Reveal At EASL 2025

Press Releases

IREN January 2025 Monthly Update

IREN Reports Q2 FY25 Results

IREN February 2025 Monthly Update

Contracts

IREN Secures 2.75GW for Data Centers in West Texas with New 600MW Grid Connection Agreement

IREN Restatement of Previously Issued Financial Statements

IREN Business Update

IREN March 2025 Monthly Update

IREN capacity increased to 40 EH/s

IREN to Release Q3 FY25 Results on May 14, 2025

IREN April 2025 Monthly Update

Agilysys

Amplitude

Bitdeer Technologies Group - Ordinary Shares

Bitdeer Technologies

Cipher Mining

Sprinklr

Diginex

EverCommerce

Exodus Movement, Inc. Class A Common Stock

Exodus Movement

Five9

Jamf Holding

Karooooo

MeridianLink

NextNav

Opera Limited - American Depositary Shares

Opera

PagerDuty

D-Wave Quantum

Quantum Computing

LiveRamp Holdings

SEMrush Holdings, Inc. Class A Common Stock

SEMrush Hldgs

Sprout Social, Inc - Class A Common Stock

Sprout Social

Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:49 PMFeb 14, 2025	PUT	$17.00	Sep 19, 2025	134	4000	3500	29	14020	TRADE	BULLISH
03:30 PMFeb 14, 2025	PUT	$15.00	May 16, 2025	8	6500	3000	83	7840	SWEEP	BULLISH
11:14 AMFeb 14, 2025	PUT	$15.00	May 16, 2025	8	2500	2500	32	7840	TRADE	BEARISH
02:21 PMFeb 13, 2025	PUT	$15.00	Jan 16, 2026	253	2539	2536	7	36296	SWEEP	BULLISH
12:12 PMFeb 13, 2025	PUT	$12.50	Jan 16, 2026	253	86077	82110	100	85731	TRADE	BULLISH

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