PGIM ETF Trust PGIM AAA CLO ETF (ARCA: PAAA)

最新ニュース PGIM ETF Trust PGIM AAA CLO ETF (ARCA:PAAA)

Under normal circumstances, the Fund invests at least 80 percent of its investable assets in U.S. dollar-denominated collateralized loan obligations (CLOs) that are, at the time of purchase, rated AAA (or equivalent) by at least one nationally recognized statistical rating organization (NRSRO) or, if unrated, determined by the subadviser to be of comparable quality. Up to 20 percent of the Fund's investable assets may be invested in CLOs that are rated below AAA but not less that A minus by at least one NRSRO (or, if unrated, determined by the subadviser to be of comparable quality). The term investable assets refer to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund is an actively managed exchange-traded fund (ETF) and therefore does not seek to replicate the performance of any specific index.

Prudential Core Gov Mm Fu

PGIM AAA CLO ETF

PGIM ETF Trust PGIM AAA CLO ETF

The&nbsp;Department of Homeland Security&nbsp;(DHS) is reportedly considering a reality TV show concept where immigrants compete for potential U.S. citizenship. This idea was proposed by a television producer.
What Happened:&nbsp;Rob Worsoff, a producer and&nbsp;writer known for &#8220;Duck Dynasty,&#8221; pitched the idea. The DHS is in the early stages of evaluating the concept, according to department spokeswoman Tricia McLaughlin, <a href="https://www.wsj.com/politics/policy/dhs-is-considering-reality-show-where-immigrants-compete-for-citizenship-47de277c">reports </a>The Wall Street Journal. 
Worsoff, a Canadian immigrant, stated that the show aims to celebrate American citizenship, not pit immigrants in a survival competition. Contestants, already in the immigration system, would compete in challenges based&nbsp;on American history and science.&nbsp;Worsoff assured that losing contestants would not face deportation.
The proposed show would feature one-hour episodes where immigrants compete to demonstrate &#8216;they are the most American&#8217;. In one instance, contestants would participate&nbsp;in a gold rush competition&nbsp;in San Francisco. Another episode could feature contestants reassembling a Model T chassis on an automotive assembly line in Detroit.
Worsoff has held initial discussions with networks and received encouraging feedback from the DHS. However, DHS Secretary Kristi Noem has not yet reviewed the pitch for any scripted or reality television project.
SEE ALSO: <a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery">Joe Biden Diagnosed With Advanced Prostate Cancer, Trump Wishes Former President A &#8216;Fast And Successful Recovery&#8217;</a>
Why It Matters: According to The WSJ, DHS Secretary Kristi Noem&#8216;s leadership has focused heavily on publicity, sometimes compromising operations. The department has allocated over $200 million for an ad campaign featuring Noem urging undocumented immigrants to leave the U.S.
The proposed reality show comes amid a changing landscape of immigration policies. A&nbsp;<a href="https://www.benzinga.com/news/25/02/43769836/trump-gains-trust-of-majority-on-americans-on-immigration-and-economy">recent poll</a>&nbsp;suggested that 52% of Americans trust President Donald Trump&#8216;s ability to handle immigration. However, the Trump administration has recently&nbsp;<a href="https://www.benzinga.com/25/03/44447338/donald-trump-administration-to-strip-legal-protections-from-over-half-a-million-migrants-as-he-argues-joe-bidens-parole-programs-overstepped-federal-law">revoked legal status</a>&nbsp;for hundreds of thousands of migrants, reversing a key Joe Biden-era immigration policy. 
Furthermore, Trump signed an&nbsp;<a href="https://www.benzinga.com/markets/25/03/44550693/trump-signs-executive-order-to-combat-crime-and-toughen-immigration-enforcement-in-washington-d-c">executive order</a>&nbsp;to combat crime and boost immigration enforcement in Washington D.C. The proposed show could potentially serve as a new platform for immigrants to compete for citizenship amid these policy changes.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45486040/chuck-schumer-raises-concerns-over-trump-and-doge-impact-on-us-coast-guard-after-mexican-ship-collides-with-brooklyn-bridge-we-know-theyve-been-meddling" target="_blank" rel="noreferrer noopener">Chuck Schumer Raises Concerns Over Trump And DOGE Impact On US Coast Guard After Mexican Ship Collides With Brooklyn Bridge: &#8216;We Know They&#8217;ve Been Meddling&#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.

News

Politics

General

DHS Reportedly Considering Reality TV Show For Immigrants Seeking US Citizenship To Prove Who Is 'Most American': 'This Is Not, Hey, If You Lose, We Are shipping You Out...'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang's return to his native Taiwan for Computex 2025 has sparked a wave of "Jensanity," with fans treating the AI pioneer like a celebrity.
What Happened: Huang, born in Tainan, landed in Taipei ahead of Computex and was immediately met with screaming fans, autograph requests, and viral enthusiasm, reported Reuters.
Outside a Saturday dinner with tech leaders, including executives from Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), fans shouted, "Jensen, I love you!" as Huang smiled, posed for photos and handed out fried ice cream.
"I love coming to Taiwan and love seeing everybody here," Huang told the publication, adding, "Everybody&#8217;s very, very kind."
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.
The frenzy even prompted Nvidia to open a pop-up store selling playing cards and t-shirts featuring Huang's image. Local media dubbed his high-profile dinner the "trillion-dollar dinner" due to the combined market caps of the attendees, the report said.
Taiwan's Ministry of Transportation also stepped in to clarify rumors about how much Huang's Bombardier jet was charged to park at Taipei&#8217;s Songshan Airport, issuing an official statement denying inflated figures.
Price Action: Nvidia shares have slipped 2.44% to $132.10 in after-hours trading, according to <a href="https://www.benzinga.com/pro/login">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings assigns Nvidia a strong growth score of 95.02%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top tech firms</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19025956/Screenshot-2025-05-19-at-12.29.50%E2%80%AFPM.png" alt="" class="wp-image-919305" /></a></figure>
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>.
Photo Courtesy: jamesonwu1972 on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45486464/nvidias-quantum-pivot-chip-giant-reportedly-mulls-major-stake-in-psiquantum-amid-rising-global-interest">Nvidia&#8217;s Quantum Pivot? Jensen Huang-Led Chip Giant Reportedly Mulls Major Stake In PsiQuantum</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

NVDA

Nvidia's Jensen Huang Gets Rockstar Welcome In Taiwan — Pop-Up Merch, Screaming Fans And Jet Parking Drama

SVRA

Reported Sunday, Savara Presents Phase 3 IMPALA-2 Data At ATS 2025 Showing Molgramostim Reduces Surfactant Burden And Improves Quality Of Life In aPAP Patients

Reported Sunday, Innovative Health Secures Landmark $147M Verdict Against J&J Unit Over Anti-Competitive Tactics Targeting Reprocessed Medical Devices

Reported Sunday, DrayTek Taps MaxLinear 2.5G Ethernet SoCs To Power Next-Gen Multi-Port Web-Managed Switches With Advanced Security And Energy Efficiency

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Trip.com Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) to report quarterly earnings at 86 cents per share on revenue of $1.91 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Trip.com shares fell 0.7% to $64.53 in after-hours trading.</li>
<li>Paychex Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) disclosed that its founder, Thomas Golisano, will step down from the company's Board of Directors, effective after the board&#8217;s July meeting. Paychex shares gained 2.6% to $159.95 in the after-hours trading session.</li>
<li>Analysts are expecting ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) to post quarterly earnings at $1.87 per share on revenue of $1.85 billion. The company will release earnings before the markets open. ZIM Integrated Shipping Services shares fell 1.1% to $18.13 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Sohu.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is projected to release earnings results for the latest quarter before the opening bell. Sohu shares fell 1.2% to close at $10.85 on Friday.</li>
<li>Analysts expect Global Ship Lease Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) to report quarterly earnings at $2.31 per share on revenue of $175.23 million before the opening bell. Global Ship Lease shares rose 0.4% to $25.20 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/markets/25/05/45466164/jim-cramer-prefers-autozone-over-rival-buy-the-one-thats-not-going-to-stock-split"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45466164/jim-cramer-prefers-autozone-over-rival-buy-the-one-thats-not-going-to-stock-split">Jim Cramer Prefers AutoZone Over Rival: &#8216;Buy The One That&#8217;s Not Going To Stock Split&#8217;</a> </li>
</ul>
Photo via Shutterstock

Earnings

Pre-Market Outlook

Markets

Trading Ideas

PAYX

SOHU

TCOM

Trip.com, ZIM Integrated Shipping Services And 3 Stocks To Watch Heading Into Monday

<ul>
<li>Long term follow-up results of TELLOMAK Phase 2 trial in Sézary syndrome and mycosis fungoides</li>
<li>Trial in Progress poster on IPH4502, Innate's differentiated ADC in development in advanced solid tumors expressing Nectin-4</li>
<li>AstraZeneca to present a poster on updated results from the Phase 2 trial NeoCOAST-2 in resectable NSCLC</li>
</ul>

IPHA

Innate Pharma Highlights Continued Oncology Advancements at ASCO 2025 With Lacutamab, IPH4502, And AstraZeneca's NeoCOAST-2 Data

Economist Peter Schiff is once again calling out President Donald Trump&#8217;s logic on trade and tariffs, arguing that the economic logic behind this stance does not hold up.
What Happened: On Saturday, Schiff posted on X in response to Trump&#8217;s warning to Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) not to increase prices due to the tariffs imposed by his administration.
Trump suggested that companies like Walmart should absorb the cost increases rather than pass them on to consumers. Schiff pushed back, saying, &#8220;Trump said Walmart should eat the tariffs. He might as well tell Walmart to eat its rent, wages, insurance, utilities, and all of its other costs too.&#8221;
See Also: <a href="https://www.benzinga.com/markets/25/05/45486508/scott-bessent-signals-liberation-day-2-0-coming-if-countries-dont-sign-trade-deals-president-trump-has-put-them-on-notice">Scott Bessent Signals Liberation Day 2.0 Coming If Countries Don&#8217;t Sign Trade Deals: &#8216;President Trump Has Put Them On Notice&#8217;</a>
Schiff, a long-time critic of protectionist trade policies, argued that higher consumer prices aren't a side effect of tariffs but a necessary feature of how they work. &#8220;If the goal of tariffs is to reduce our trade deficit, the only way that will happen is if Walmart and other importers raise their prices,&#8221; he said.
He added, &#8220;It's higher prices that will cause consumers to buy fewer imports, thus reducing the size of our trade deficits.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump warned Walmart not to increase prices because his tariffs increased the cost of their imports. Trump said Walmart should eat the tariffs. He might as well tell Walmart to eat its rent, wages, insurance, utilities, and all of its other costs too. Ironically, if the goal of…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1923795892009586741?ref_src=twsrc%5Etfw">May 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Several other eminent intellectuals have echoed similar concerns in recent weeks. Economist Justin Wolfers recently called <a href="https://benzinga.com/markets/25/04/45091467/trump-can-either-have-his-cake-or-eat-it-economist-justin-wolfers-calls-out-presidents-fundamental-incoherence-on-trade-deals-and-tariffs">Trump's tariff stance</a> &#8220;fundamentally incoherent,&#8221; pointing to shifting goalposts and an apparent attempt to have it both ways on taxes and trade policy.
Schiff has been a vocal critic of the tariffs for months, having said recently that the tariffs put &#8220;American Last&#8221; for investors, while <a href="https://benzinga.com/news/global/25/04/44781938/trump-tariffs-have-put-america-last-for-investors-peter-schiff-warns-of-a-financial-crisis-worse-than-2008">warning of a financial crisis</a> worse than 2008, if they remained. 
Last week, Schiff warned that the only way to <a href="https://www.benzinga.com/25/05/45404821/dollar-correction-imminent-sans-tariffs-to-reduce-the-us-trade-deficit-says-peter-schiff-minor-decline-would-make-trade-deficit-larger">cut the U.S. trade deficit</a> is via either a significant decline in the value of the dollar or high tariffs, both of which will result in high inflation. 
Treasury Secretary Scott Bessent mentioned on Friday, during an interview with NBC's&nbsp;Meet the Press with Kristen Welker, that he had spoken to Walmart&#8217;s CEO, Carl McMillon, and said that the <a href="https://www.benzinga.com/markets/25/05/45484954/treasury-secretary-bessent-addresses-moodys-downgrade-and-tariff-impact-n-walmart">retailer will absorb</a> some of the impacts from the tariffs, as it had done in prior inflationary periods.
&#8220;Walmart is, in fact, going to, as you describe it, eat some of the tariffs just as they did in '18, '19 and '20,&#8221; Bessent said.
Price Action: Walmart&#8217;s shares were up 1.96% on Friday, at $98.24, they are currently down 1.07% after hours, following Trump&#8217;s post over the weekend.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="131" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM-1024x131.png" alt="" class="wp-image-919230" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM-1024x131.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM-300x38.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM-768x98.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM-1536x196.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19015531/Screenshot-2025-05-19-at-11.25.17-AM.png 1614w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Walmart scores in the 90th percentile on Momentum and 80% percentile on quality. It also has a favorable price trend in the short, medium, and long terms. You can take a look at more deeper insights <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.
Photo Courtesy: Lightspring on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: &#8216;In A World Of Butterfly Effects…&#8217;</a></li>
</ul>

Government

Peter Schiff Slams Trump's 'Eat The Tariffs' Message To Walmart: He Might As Well Ask It To Eat 'Rent, Wages, Insurance…'

<ul>
<li>Foxconn's Subsidiary — Big Innovation Company — to Build NVIDIA Blackwell Supercomputer With 10,000 NVIDIA Blackwell GPUs to Deliver a Leap in AI Computing for Taiwan</li>
<li>TSMC to Harness Big Innovation Company Cloud AI Infrastructure for Research and Development</li>
<li>Taiwan National Science and Technology Council to Invest in Supercomputer to Accelerate AI Development and Adoption Across Industries</li>
</ul>

Foxconn, NVIDIA, And Taiwan Join Forces To Build AI Supercomputer With 10,000 Blackwell GPUs, Ushering In New Era Of National AI Infrastructure

Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) will release its fourth-quarter earnings results after the <a href="https://www.benzinga.com/quote/AGYS/earnings">closing bell on Monday, May 19</a>.
Analysts expect the Alpharetta, Georgia-based company to report quarterly earnings at 29 cents per share, down from 32 cents per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Agilysys projects quarterly revenue at $71.42 million, compared to $62.22 million a year earlier.
On Feb. 24, Agilysys reported that Dan Bell has joined the Company in a newly created sales leadership role focused on PMS and POS growth in North America.
Agilysys shares gained 4% to close at $86.00 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Oppenheimer analyst Brian Schwartz maintained an Outperform rating and cut the price target from $135 to $90 on April 9, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Needham analyst Mayank Tandon maintained a Buy rating and slashed the price target from $125 to $100 on March 5, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Northland Capital Markets analyst Nehal Chokshi maintained an Outperform rating and raised the price target from $145 to $186 on Jan. 7, 2025. This analyst has an accuracy rate of 64%.</li>
<li>BTIG analyst Matthew Vanvliet maintained a Buy rating and increased the price target from $118 to $124 on Oct. 29, 2024. This analyst has an accuracy rate of 63%.</li>
</ul>
Considering buying AGYS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="608" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18080824/image-214-1024x608.png" alt="" class="wp-image-918899" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18080824/image-214-1024x608.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18080824/image-214-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18080824/image-214-768x456.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18080824/image-214.png 1098w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/short-ideas/25/05/45466849/top-3-consumer-stocks-that-may-fall-off-a-cliff-in-q2"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/05/45466849/top-3-consumer-stocks-that-may-fall-off-a-cliff-in-q2">Top 3 Consumer Stocks That May Fall Off A Cliff In Q2</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

AGYS

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

Arthur Hayes, Chief Investment Officer of&nbsp;Maelstrom&nbsp;and co-founder of&nbsp;BitMEX, anticipated Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to approach $200,000 in its upcoming bull run, fueled by increased fiat liquidity, according to a Sunday report.
What Happened: During an <a href="https://fortune.com/crypto/2025/05/18/arthur-hayes-on-bitcoins-route-to-200000-holding-gold-and-why-hated-ethereum-is-due-for-a-comeback/">interview </a>with Forbes, Hayes expressed confidence about Bitcoin&#8217;s continued dominance, which would eventually spark an altcoin season. He estimates Bitcoin to go close to $200,000 and eventually hit $250,000 by year-end. 
Hayes linked this potential surge to the government&#8217;s need to borrow more funds, which would increase liquidity in the market.
&#8220;I believe that the U.S. government has to borrow more money than what we think, and therefore, [Treasury Secretary Scott Bessent] will have to issue more debt,&#8221; Hayes said. &#8220;That means that there's more dollars floating around in the world because the US government is spending more money on stuff.&#8221;
It&#8217;s worth highlighting that <a href="https://www.benzinga.com/markets/25/05/45484954/treasury-secretary-bessent-addresses-moodys-downgrade-and-tariff-impact-n-walmart">Moody&#8217;s downgraded the U.S. long-term credit rating</a> last week, raising fears about government debt and inflation. 
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/25/05/45427302/anthony-scaramucci-forecasts-bitcoin-will-be-deemed-asset-class-akin-to-gold-when-it-reaches-500000">Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold</a>
Hayes predicted that Bitcoin&#8217;s move to the $150,000-200,000, which he thought would happen early third quarter, could spur an altcoin rally.
He also discussed Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), stating that despite its current &#8220;hated&#8221; image <a href="http://benzinga.com/markets/cryptocurrency/25/03/44432826/why-ethereum-is-lagging-bitcoin-analysts-cite-inflationary-problems-dencun-upgrade-blowback-and-solanas-meme-coins">due to months of underperformance</a>, it could surprise the market with a comeback.
Why It Matters: Hayes&#8217; predictions come at a time when <a href="https://www.benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period">Bitcoin has broken the $107,000 mark</a>, the highest in nearly four months. This rally was accompanied by a nearly 50% increase in trading volumes, indicating a strong investor sentiment. 
Hayes, one of the most vocal Bitcoin advocates, had predicted Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45433455/arthur-hayes-predicts-bitcoin-to-hit-1-million-by-2028">to hit $1 million by 2028</a> by the end of President Donald Trump&#8217;s tenure. He attributed this to the repatriation of foreign capital and the devaluation of U.S. Treasury bonds, driven by structural imbalances in the U.S. trade and capital accounts.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $102,936.32, down 0.66% 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>.
Shutterstock: Yalcin Sonat
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45475457/bitcoin-ethereum-dogecoin-hold-steady-while-xrp-dips-tough-conditions-hang-in-there-trader-says" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Hold Steady While XRP Dips — &#8216;Tough Conditions, Hang In There,&#8217; Trader Says</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

$ETH

Arthur Hayes Forecasts Bitcoin Will Hit $200,000 In Next Bull Run, Anticipates Revival Of Fortunes For This 'Hated' Coin

Halliburton Launches EarthStar 3DX To Deliver Real-Time Geological Insights Up To 50 Feet Ahead Of The Drill Bit

<ul>
<li>New NVIDIA Isaac GR00T Humanoid Open Models Soon Available for Download on Hugging Face</li>
<li>GR00T-Dreams Blueprint Generates Data to Train Humanoid Robot Reasoning and Behavior</li>
<li>NVIDIA RTX PRO 6000 Blackwell Workstations and RTX PRO Servers Accelerate Robot Simulation and Training</li>
<li>Agility Robotics, Boston Dynamics, Foxconn, Lightwheel, NEURA Robotics and XPENG Robotics Among Many Robot Makers Adopting NVIDIA Isaac</li>
</ul>

NVIDIA Taps Global Partners To Build Enterprise AI Factories With RTX PRO 6000 Blackwell GPUs And Full-Stack Validated Designs

Chinese smartphone giant Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) plans to invest at least 50 billion yuan ($6.93 billion) in chip design over a minimum 10-year period starting from 2021, founder Lei Jun announced Monday on Chinese social media platform Weibo.
What Happened: The Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rival has already invested 13.5 billion yuan to develop its advanced mobile chip XringO1, according to Lei, Reuters reported. The company&#8217;s chip design division now employs more than 2,500 people, underscoring Xiaomi&#8217;s commitment to semiconductor self-sufficiency.
This significant investment comes amid escalating U.S. semiconductor sanctions against Chinese tech companies. Taiwan Semiconductor Manufacturing Co. recently disclosed in its 2024 annual report that ensuring complete compliance with U.S. chip technology <a href="https://www.benzinga.com/government/regulations/25/04/44895326/taiwan-semiconductor-confronts-challenges-of-us-chips-sanction-on-china">embargoes has become increasingly challenging</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $107,000, Ethereum Dips, Dogecoin Rallies As ‘Greed' Sentiment Takes Over: Analyst Predicts BTC ‘Primed' For A New All-Time High</a>
Why It Matters: TSM, which produces chips for Qualcomm Inc. and MediaTek that are used in Xiaomi devices, noted that business partners have <a href="https://www.benzinga.com/government/regulations/25/04/44895326/taiwan-semiconductor-confronts-challenges-of-us-chips-sanction-on-china">increasingly violated semiconductor sanctions</a> to access advanced technology.
Xiaomi currently <a href="https://www.benzinga.com/news/global/25/04/44796659/apple-tops-global-smartphone-sales-with-19-share-boosted-by-iphone-16e-emerging-market-growth">holds third place in global smartphone market share</a>, according to recent Counterpoint Research data, behind Apple and Samsung Electronics Co. Ltd. 
Price Action: Xiaomi Corp&#8217;s stock was trading at 51.50 HKD ($6.58) on the Hong Kong Exchange as of 11:59 a.m. Monday, marking a 0.98% gain for the day. Year to date, the stock has surged 51.47%.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery" target="_blank" rel="noreferrer noopener">Joe Biden Diagnosed With Advanced Prostate Cancer, Trump Wishes Former President A ‘Fast And Successful Recovery'</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: Alan Sau / Shutterstock.com

Asia

Equities

AAPL

XIACY

Apple Rival Xiaomi To Invest Over $6.9 Billion In Chip Design Through 2031, Boosts Push For Semiconductor Independence Amid US Sanctions

Dairy Queen CEO Troy Bader says the job interview with Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO Warren Buffett that landed him the top seat at the Blizzard maker felt less like a cross-examination and more like a seminar on curiosity.
What Happened: Warren Buffett "was just the opposite" of arrogant, Bader recalls in an <a href="https://www.businessinsider.com/warren-buffett-dairy-queen-ceo-bader-job-interview-berkshire-passion-2025-5?utm_campaign=business-sf&amp;utm_source=linkedin&amp;utm_medium=social">interview</a> with Business Insider, grilling him for lessons Buffett could borrow.
"It was the fall of 2017, I'll never forget the day… I was very anxious going in," Bader said, wondering which "questions" Buffett might lob that he'd "never even thought about." "From Warren it was just the opposite," Bader added. Instead of chest-thumping, Buffett spent "the first 15 or 20 minutes" probing a niche Bader knew well for another deal.
"Warren is a constant learner. He wants to know what you know and what he can learn from you." Buffett drilled into Dairy Queen's future and Bader's love for it, &#8220;digging for something more, that energy, that passion, that connection to the business.&#8221;
See also: <a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: &#8216;In A World Of Butterfly Effects…&#8217;</a>
Bader's first takeaway: "Anybody you meet, I don't care who they are — they know something you don't.&#8221; The second: even the &#8220;smartest person in the world&#8221; can be outperformed by &#8220;somebody who has that passion.&#8221;
Buffett <a href="https://www.benzinga.com/general/entertainment/22/03/26224759/warren-buffett-owns-what-10-berkshire-acquisitions-you-may-have-forgotten">snapped up</a> Dairy Queen for about $585 million in 1997, joking he brought a "modicum of product expertise" as a Blizzard devotee. Today, the chain licenses more than 7,700 restaurants across 20-plus countries. While Dairy Queen is barely a slice of Berkshire Hathaway, Bader said Buffett &#8220;is actually paying attention to every business… This is his life, this is who he is.&#8221;
Why It Matters: With Berkshire's 94-year-old chief <a href="https://www.benzinga.com/25/05/45184410/warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor">stepping aside</a> at year-end, Bader's encounter offers a peek at how the Oracle screens for passion and ethics in the sprawling empire.
Microsoft co-founder Bill Gates earlier shared a story of when he joined Buffett on a hands-on Dairy Queen shift—operating the register, greeting customers and perfecting the Blizzard's trademark upside-down presentation. Gates <a href="https://www.benzinga.com/news/23/07/33234002/what-bill-gates-learned-by-serving-blizzards-with-warren-buffett-at-dairy-queen?utm_source=chatgpt.com">praised Buffett's habit</a> of defying convention, from investing in beloved brands to <a href="https://www.benzinga.com/personal-finance/25/01/43341020/warren-buffett-would-give-up-a-year-of-his-life-to-eat-whatever-he-wants-his-daughter-confirms-he-still-gets-daily-mcdonalds-breakfast-at-94">starting his mornings</a> with Oreos and ice cream.
Benzinga Edge Stock Rankings gives Berkshire Hathaway&#8217;s Class-A shares a Growth score of 91.32% and a steady Momentum of 82.05%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check to see how BRK&#8217;s Class-B shares compare</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="144" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1-1024x144.png" alt="" class="wp-image-919215" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1-1024x144.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1-768x108.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1-1536x216.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19010934/brka-edge-1.png 1622w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Photo Agency On Shutterstock.com
Read next: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45486627/elon-musks-new-emperor-kekius-maximus-avatar-sends-pepe-and-this-namesake-coin-rallying">Elon Musk&#8217;s New &#8216;Emperor Kekius Maximus&#8217; Avatar Sends Pepe And This Namesake Coin Rallying</a>

Management

Small Business

Dairy Queen CEO Reveals Warren Buffett's Shocking First Move in Job Interview: 'I'll Never Forget The Day…'

The company reiterates its guidance for full year 2025, with specialties-driven EBITDA of between $0.95 billion to $1.15 billion and Potash sales volumes of between 4.5 million and 4.7 million metric tons.

Guidance

ICL Reaffirms FY25 Guidance For Specialties-Driven EBITDA To $0.95B-$1.15B And Potash Sales Volumes Of Between 4.5M-4.7M Metric Tons

ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.11 by 18.18 percent. This is unchanged from the same period last year. The company reported quarterly sales of $1.77 billion which met the analyst consensus estimate. This is a 1.84 percent increase over sales of $1.74 billion the same period last year.

Earnings Misses

ICL Group Q1 Adj. EPS $0.09 Misses $0.11 Estimate, Sales $1.77B Inline

Maye Musk, mother of Tesla Inc. CEO Elon Musk, revealed on Sunday a 1989 computer aptitude test showing her son&#8217;s exceptional engineering potential at age 17.
What Happened: &#8220;While sorting through photos, I came across computer aptitude test results of Elon Musk at 17. My genius boy. Proud mom,&#8221; the 77-year-old model and dietitian wrote on X.
The University of Pretoria document, dated May 17, 1989, shows Musk received A+ scores in both operating and programming on ISM tests, results that the tech mogul claimed were unprecedented.
&#8220;They said I scored the highest for engineering aptitude that they had ever seen,&#8221; Musk commented. &#8220;Or, in other words, not bad for a human, as a future AI might say.&#8221;
This revelation comes amid Musk&#8217;s continued focus on artificial intelligence through his companies, xAI and Tesla, which are developing AI technologies for various applications.
<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">While sorting through photos, I came across computer aptitude test results of <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> at 17. My genius boy. Proud mom. <a href="https://t.co/1MeWDSQ6FZ">pic.twitter.com/1MeWDSQ6FZ</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1924125278697034206?ref_src=twsrc%5Etfw">May 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/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period">Bitcoin Breaks $107,000, Ethereum Dips, Dogecoin Rallies As &#8216;Greed&#8217; Sentiment Takes Over: Analyst Predicts BTC &#8216;Primed&#8217; For A New All-Time High</a>
Why It Matters: The aptitude scores offer insight into Musk&#8217;s early technical abilities, long before founding companies like SpaceX and becoming CEO of Tesla. These early <a href="https://www.benzinga.com/personal-finance/25/05/45336279/elon-musks-77-year-old-mom-says-i-have-to-sleep-in-the-garage-and-on-floor-blankets-when-visiting-her-son-richest-man-in-the-world-we-adapt">indicators of technical prowess</a> preceded his emergence as the world&#8217;s richest individual, currently worth over $381 billion according to the Bloomberg Billionaires Index.
Despite her son&#8217;s immense wealth, Maye Musk recently revealed she sleeps in modest accommodations when visiting him. &#8220;You can&#8217;t have a fancy house near a rocket site,&#8221; she <a href="https://www.benzinga.com/personal-finance/25/05/45336279/elon-musks-77-year-old-mom-says-i-have-to-sleep-in-the-garage-and-on-floor-blankets-when-visiting-her-son-richest-man-in-the-world-we-adapt">explained in a previous interview</a>, referencing his Texas SpaceX facility.
Maye has frequently <a href="https://www.benzinga.com/general/entertainment/24/07/39657381/elon-musks-mother-recounts-time-her-children-used-to-ask-for-food-she-couldnt-afford-after-">recounted the family&#8217;s humble beginnings</a> following her 1979 divorce, when financial constraints meant feeding her children bean stew rather than expensive cereals. &#8220;I remember Elon saying, &#8216;I always wanted Coco Pops, but we only got Raisin Bran,'&#8221; she told Fox News.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery">Joe Biden Diagnosed With Advanced Prostate Cancer, Trump Wishes Former President A &#8216;Fast And Successful Recovery&#8217;</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.
Photo courtesy: Shutterstock

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