SiteOne Landscape Supply 株価情報 (NYSE: SITE)

SiteOne Landscape Supply (NYSE:SITE) 株価情報

SITEONE LANDSCAPE SUPPLY INC

SiteOne Landscape Supply

SiteOne Landscape Supply Inc is a supplier of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products.

SiteOne Landscape Supply, Inc. Common Stock

SiteOne Landscape Supply Inc

SITE Centers Corp

SiteMinder Ltd

Bitwise&nbsp;Chief Investment Officer&nbsp;Matt Hougan explained Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) often contradictory behavior during market crises, despite its narrative as an inflation hedge.
What Happened: In a research note <a href="https://experts.bitwiseinvestments.com/cio-memos/dip-then-rip">released </a>Tuesday, Hougan said that short-term price dips that Bitcoin experiences during economic turbulence are due to increased market uncertainty. This uncertainty amplifies the perceived riskiness of the asset, leading to a temporary decrease in the asset&#8217;s value, also known as a &#8220;discount factor.&#8221;
Hougan used the example of tariff concerns, which have <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44099481/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs-2">battered the apex cryptocurrency</a> over the past month. While tariffs increase the riskiness in the short term, they increase the long-term price target owing to economic disorder. 
&#8220;So even though we're more bullish than ever on Bitcoin, our short-term price target falls. That explains the pullback. But if the market stabilizes and it turns out the world's not ending and the discount factor goes back from 85% to 75%, Bitcoin will recover from the pullback,&#8221; Hougan said, describing it as a &#8220;Dip Then Rip&#8221; phenomenon.
Hougan said Bitwise remained optimistic about Bitcoin, reiterating the $1 million price target by 2029 he gave in December 2024.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: Bitcoin&#8217;s performance during market crises has been a topic of discussion among industry experts.&nbsp; Robbie Mitchnick, BlackRock&#8217;s Digital Assets head, stated Wednesday that a <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44395095/recession-would-be-a-big-catalyst-for-bitcoin-blackrocks-head-of-digital-assets-says">potential U.S. recession</a> could catalyze Bitcoin&#8217;s next bull cycle.
Meanwhile,&nbsp;Hougan said in a separate interview that <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44397546/bitcoin-could-reach-200000-in-2025-if-fed-relaxes-policy-bitwises-matt-hougan-says">Bitcoin could reach $200,000</a> by the end of 2025, if the Federal Reserve takes steps to stimulate the economy.
Price Action: At the time of writing, Bitcoin was exchanging hands at $85,876.49, up 3.42% 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>. Year-to-date, the coin has dipped 9%.
Image via Shutterstock
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</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

News

Markets

$BTC

Bitcoin's Crisis Paradox Decoded: Bitwise CIO Explains 'Dip Then Rip' Phenomenon

Year-to-date, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares have tumbled despite bullish analyst calls and a packed GTC keynote. On Wednesday, one wealth manager warned the AI trade is overcrowded and ripe for a pullback.
What Happened: On the day when Nvidia and other chip stocks declined, Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, offered a contrarian view on AI-driven tech stocks.
"I wouldn't buy tech here on the dip," Landsberg told Reuters' Lisa Bernhard, following Nvidia's GTC 2025 keynote. "We're in a trend now where the economy is slowing a bit, there's concern about tariffs, and bluntly, everybody and their brother owns these names. So what&#8217;s happened is there&#8217;s an overexposure to them."
While analysts remain bullish on Nvidia's long-term prospects—citing a robust product roadmap, AI leadership, and strong demand—Landsberg believes the short-term picture tells a different story.&nbsp;
He added that Nvidia CEO Jensen Huang can't simply wave his hand and just kind of get the stock to move higher, noting that macroeconomic pressures and saturation in AI-related holdings are weighing on sentiment.
See Also: <a href="https://www.benzinga.com/tech/25/03/44409577/nvidia-ceo-jensen-huang-shuts-down-rumors-of-intel-foundry-takeover-nobodys-invited-us-to-a-consortium">Nvidia CEO Jensen Huang Shuts Down Rumors Of Intel Foundry Takeover: &#8216;Nobody&#8217;s Invited Us To A Consortium&#8217;</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Market Talk: &#039;I wouldn&#039;t buy tech on the dip,&#039; as Nvidia shares fall &#x7C; REUTERS" width="500" height="281" src="https://www.youtube.com/embed/c_ED-bbignI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Landsberg's comments highlight <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40597015/will-nvidia-continue-to-deliver-investors-sweat-over-hyped-up-expectations-and-pote">growing caution around</a> the AI trade, despite Nvidia&#8217;s roadmap extending through 2028 and analysts projecting long-term growth in data center spending.&nbsp;
"There's not really a real impetus to buy," Landsberg said, adding that when growth is slowing and tariffs are looming, there are better places to look—like Europe.
A series of announcements at the GTC AI Conference in San Jose, California did little to boost Nvidia Corp.&#8217;s stock on Tuesday, as shares fell by 3.43% during regular hours.
Since the launch of DeepSeek on Jan. 10, the chipmaker has seen its market <a href="https://in.benzinga.com/25/03/44392370/nvidia-destroys-420-billion-of-investor-wealth-since-deepseek-launch-valuation-hits-a-29-month-low-as-gtc-fails-to-ignite-stock">value shrink by $420 billion</a>.
However, JPMorgan analyst Harlan Sur believes Nvidia continues to lead in AI acceleration, staying one to <a href="https://in.benzinga.com/25/03/44396940/nvidias-ai-reign-extends-to-2028-jpmorgan-says-its-still-1-2-steps-ahead">two steps ahead of its competitors</a>.
Price Action: Despite the recent decline, Nvidia&#8217;s shares have gained 30.04% over the past 12 months. On Wednesday, the stock rose 1.81%, closing at $117.52, and continued climbing 1.08% in after-hours trading to $118.79. Year-to-date, the company&#8217;s shares are down 15.03%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
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.

Tech

Media

NVDA

Nvidia Stock Slide Signals Time to Reposition, Says Wealth Manager Michael Landsberg: 'I Wouldn't Buy Tech Here On The Dip'

Operating Highlights for the Fourth Quarter and Full Year of 2024
<ul>
<li>Total vehicle deliveries were 79,250 units for the fourth quarter of 2024, representing a 99.8% year-over-year increase. &nbsp;</li>
<li>Total vehicle deliveries were 222,123 units in 2024, representing an 87.2% year-over-year increase.</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Deliveries</td>
<td colspan="1" rowspan="1">FY2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q2</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024 Q1</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">222,123</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">79,250</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">55,003</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">54,811</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">33,059</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Deliveries</td>
<td colspan="1" rowspan="1">FY2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q2</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023 Q1</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">118,685</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">39,657</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">36,395</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">27,399</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">15,234</td>
</tr>
</tbody>
</table>
</figure>

Earnings

ZEEKR's Q4 Total Vehicle Deliveries Rose 99.8% Year-Over-Year To 79,250 Units, And 2024 Deliveries Climbed 87.2% To 222,123 Units

ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) reported quarterly losses of $(0.49) per share which missed the analyst consensus estimate of $(0.04) by 1125 percent. The company reported quarterly sales of $3.12 billion which missed the analyst consensus estimate of $3.18 billion by 1.89 percent.

Earnings Misses

ZEEKR Intelligent Tech Q4 2024 Adj EPADS $(0.49) Misses $(0.04) Estimate, Sales $3.12B Miss $3.18B Estimate

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the S&amp;P 500 surging more than 1% during the session. The Federal Reserve maintained the federal funds rate unchanged at a range of 4.25% to 4.5%, with Chairman Jerome Powell reviving the term "transitory" to describe the potential inflationary effects of new tariffs.
While the Fed still projects two rate cuts in 2025 in its latest dot plot, projections now reflect lower growth and higher inflation, fueling renewed concerns about stagflation.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 1.8%, snapping a two-day losing streak, following CEO Jensen Huang&#8217;s keynote speech the previous day. The Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) surged around 7% after CFO Brian West outlined plans to boost aircraft deliveries and reduce first-quarter cash outflows, supported by improved factory efficiency and inventory reductions.
On the economic data front, U.S. mortgage applications declined by&nbsp;6.2%&nbsp;in the second week of March, following a cumulative&nbsp;37%&nbsp;increase from the two prior weeks.
All sectors on the S&amp;P 500 closed on a positive note, with energy, information technology, and consumer discretionary stocks recording the biggest gains on Wednesday.
The Dow Jones closed higher by around 383 points to 41,964.63 on Wednesday. The S&amp;P 500 rose 1.08% to 5,675.29, while the Nasdaq Composite climbed 1.41% at 17,750.79 during Wednesday's session.
Investors are awaiting earnings results from Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 22.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday, versus a prior reading of 20.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

S&P 500 Surges Over 1% Following Fed Decision: Investor Fear Eases, Greed Index Remains In 'Extreme Fear' Zone

Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) will release its third-quarter financial results, before the <a href="https://www.benzinga.com/quote/DRI/earnings">opening bell, on Thursday, March 20.</a>
Analysts expect the Orlando, Florida-based company to report quarterly earnings at $2.79 per share, up from $2.62 per share in the year-ago period. Darden Restaurants projects quarterly revenue of $3.22 billion, compared to $2.97 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 19, 2024, the company reported that the second quarter adjusted earnings per share was $2.03, beating the street view of $2.02.
Darden Restaurants shares gained 0.1% to close at $188.15 on Wednesday.
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/DRI/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Truist Securities analyst Jake Bartlett maintained a Buy rating and raised the price target from $200 to $212 on March 17, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Raymond James analyst Brian Vaccaro maintained an Outperform rating and increased the price target from $200 to $210 on Jan. 28, 2025. This analyst has an accuracy rate of 80%.</li>
<li>Barclays analyst Jeffrey Bernstein maintained an Overweight rating and boosted the price target from $206 to $230 on Jan. 7, 2025. This analyst has an accuracy rate of 64%.</li>
<li>Oppenheimer analyst Brian Bittner maintained an Outperform rating and increased the price target from $200 to $218 on Jan. 7, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Stifel analyst Chris O'Cull maintained a Buy rating and boosted the price target from $190 to $205 on Dec. 20, 2024. This analyst has an accuracy rate of 75%.</li>
</ul>
Considering buying DRI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20004428/image-168-1024x418.png" alt="" class="wp-image-832798" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20004428/image-168-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20004428/image-168-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20004428/image-168-768x314.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20004428/image-168.png 1438w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Price Target

Analyst Ratings

Top Wall Street Forecasters Revamp Darden Restaurants Price Expectations Ahead Of Q3 Earnings

Macro Economic Events

Econ #s

Economics

Reported Earlier, People's Bank of China Loan Prime Rate Unchanged At 3.10%

Reported Earlier, China Loan Prime Rate 5Y For March Unchanged At 3.60%

Reported Earlier, Australia Unemployment Rate For February Unchanged At 4.1%

Reported Earlier, Australia Full Employment Change For February -35.7K Vs. 36.9K (Revised) Prior

Reported Earlier, Australia Employment Change For February -52.8K Vs. 30.8K Est.; 30.5K (Revised) Prior

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to report quarterly earnings at $2.82 per share on revenue of $16.62 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Accenture shares gained 0.3% to $325.30 in after-hours trading.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings of $1.83 per share and a revenue of $6.41 billion. The company will release earnings before the markets open. Jabil shares rose 1.1% to $141.00 in after-hours trading.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) announced an offering of $1.35 billion in depository shares. In the after-hours trading session, Microchip Technology shares fell 2.3% to $53.31.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is projected to post quarterly earnings at $1.42 per share on revenue of $7.89 billion. Micron shares rose 0.5% to $102.60 in the after-hours trading session.</li>
<li>Analysts expect FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) to post quarterly earnings at $4.54 per share on revenue of $21.89 billion after the closing bell. FedEx shares rose 0.4% to $248.20 in after-hours trading.</li>
</ul>
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</ul>
Photo courtesy: Shutterstock

MCHP

Accenture, FedEx And 3 Stocks To Watch Heading Into Thursday

Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) will release its second-quarter financial results, before the <a href="https://www.benzinga.com/quote/jbl/earnings">opening bell, on Thursday, March 20</a>.
Analysts expect the company to report quarterly earnings at $1.83 per share, up from $1.68 per share in the year-ago period. Jabil projects quarterly revenue of $6.4 billion, compared to $6.77 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 25, Apptronik and Jabil announced a pilot and strategic collaboration to build Apollo humanoid robots and integrate them into specific Jabil manufacturing operations.
Jabil shares gained 2.9% to close at $139.48 on Wednesday.
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/JBL/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Goldman Sachs analyst Mark Delaney maintained a Buy rating and raised the price target from $160 to $179 on Feb. 24, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Barclays analyst George Wang maintained an Overweight rating and increased the price target from $157 to $179 on Dec. 20, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Stifel analyst Matthew Sheerin reiterated a Buy rating and boosted the price target from $150 to $160 on Dec. 19, 2024. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst David Vogt maintained a Neutral rating and increased the price target from $128 to $152 on Dec. 19, 2024. This analyst has an accuracy rate of 69%.</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $137 to $133 on Sept. 3, 2024. This analyst has an accuracy rate of 68%.</li>
</ul>
Considering buying JBL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="414" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20003549/image-167-1024x414.png" alt="" class="wp-image-832791" style="width:562px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20003549/image-167-1024x414.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20003549/image-167-300x121.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20003549/image-167-768x310.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20003549/image-167.png 1480w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

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

Meme coins surged on Wednesday amid the broader rally in the cryptocurrency market.
What Happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Bonk spearheaded the rally with nearly an 8% jump over the last 24 hours. 
The dog-themed cryptocurrency recorded a 140% jump in trading volume, indicating significant buying pressure.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed a "Buy" signal for Bonk as of this writing, according to TradingView, although the Relative Strength Index, used to identify overbought or oversold conditions, was still &#8220;Neutral.&#8221;
Meme heavyweight Dogecoin soared 5.36% to second place, reaching a 10-day high of $0.17. It registered a 43% increase in volume to $1.32 billion.&nbsp;
Another Solana-based canine coin dogwifhat zoomed 4.78%, reaching levels last seen more than ten days ago.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:45 p.m. ET)</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+7.92%</td>
<td>$0.00001170</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+5.36%</td>
<td>$0.1766</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+4.78%</td>
<td>$0.5049</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Other popular meme coins such as Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) also gained momentum, rising 3.14% and 3.69%, respectively.
The total market capitalization of meme coins jumped 4.59% in the last 24 hours to over $50 billion, while trading volume increased 22.43% to $6 billion. That said, the market has contracted 25% over the last month.
The meme sector rally followed Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surge past $87,000, <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44409364/bitcoin-ethereum-dogecoin-rally-on-jerome-powells-dovish-signals-analyst-says-lead-weight-has-been-lifted-as-ripple-sec-case-concludes">boosted by dovish signals</a> from Federal Reserve Chairman Jerome Powell after the central bank kept interest rates steady.
Image via Shutterstock
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Movers

$BONK

$DOGE

$SHIB

$SOL

$TRUMP

$WIF

Bonk Leads Memecoin Rally As This Indicator Flashes 'Buy,' But Dogecoin, Shiba Inu Not Too Far Behind

Families who <a href="https://www.benzinga.com/markets/equities/24/08/40121851/teslas-autopilot-system-failed-in-deadly-2022-crash-involving-motorcyclist-alleges-lawsuit">lost loved ones in crashes</a> involving Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) driver assistance systems are calling on the Department of Transportation to resist regulatory rollbacks and maintain independent oversight of the automaker.
What Happened: Seven families whose <a href="https://www.benzinga.com/news/24/07/40068281/teslas-fsd-system-under-scrutiny-after-fatal-motorcycle-accident-near-seattle">relatives were killed</a> or injured in crashes involving Tesla's Autopilot and Full Self-Driving features have sent a letter to Transportation Secretary Sean Duffy, <a href="https://www.politico.com/news/2025/03/19/deeply-concerned-crash-victims-families-ask-dot-not-to-water-down-tesla-oversight-00236890">reported</a> Politico.
In the letter, they urged the department to uphold safety regulations and continue investigating Tesla "free from improper influence."
"We are deeply concerned that NHTSA's oversight of autonomous vehicle systems may be weakened," the letter states. "We fear this important measure is under threat given recent media reports and the influence of Tesla CEO Elon Musk."
The letter specifically warns against repealing a rule requiring companies to report crashes involving advanced driver assistance systems and highlights concerns over Elon Musk's alleged <a href="https://in.benzinga.com/news/25/03/44348205/scaramucci-sees-trouble-ahead-for-musk-trump-relationship-everyone-flames-out-with-trump">influence across federal agencies</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/03/44267663/ray-dalio-warns-us-debt-crisis-could-trigger-shocking-developments-calls-to-reduce-deficit-at-3-of-gdp" target="_blank" rel="noreferrer noopener">Ray Dalio Warns US Debt Crisis Could Trigger ‘Shocking Developments' Calls To Reduce Deficit At 3% Of GDP</a>
&nbsp;"The deaths of our loved ones were preventable," the families wrote. "As Secretary, you have the power to ensure <a href="https://www.benzinga.com/news/24/04/38154131/tesla-dodges-controversial-2018-autopilot-death-trial-settles-with-late-apple-engineers-family">these tragedies</a> are not repeated."
Signatories include Neima Benavides, whose sister Naibel died in 2019 when a Tesla with <a href="https://www.benzinga.com/news/23/11/35912995/judge-claims-tesla-and-musk-ignored-known-autopilot-flaw">autopilot engaged</a> ran a stop sign and crashed into her parked car.
Why It's Important: The request comes amid uncertainty about the future of federal automotive oversight under the Donald Trump administration.
<a href="https://in.benzinga.com/news/25/02/43776596/usdot-secretary-sean-duffy-says-less-than-400-were-laid-off-at-faa-despite-rising-air-accidents">Layoffs at the</a> National Highway Traffic Safety Administration have raised further concerns, especially after NHTSA forced Tesla to <a href="https://www.benzinga.com/25/01/42840097/nhtsa-opens-probe-into-26-million-tesla-vehicles-after-complaint-of-crash-involving-actually-smart-summon-feature">recall more than 2 million</a> vehicles for Autopilot issues.
In a statement, a DOT spokesperson said Secretary Duffy takes their concerns seriously, adding that NHTSA "will continue to enforce the law… in accordance with the Vehicle Safety Act."
Meanwhile, <a href="https://in.benzinga.com/25/03/44392619/elon-musks-tesla-secures-first-approval-towards-rolling-out-robotaxi-in-california">Tesla has secured its first permit</a> in California to operate a robotaxi service. On Wednesday, Cantor Fitzgerald analyst Andres Sheppard turned bullish on Tesla, citing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44399812/tesla-analyst-turns-bullish-following-factory-visit-sees-multiple-catalysts-driving-ev-stock-to-425">multiple catalysts</a> that could drive the stock to $425.&nbsp;
Price Action: Tesla&#8217;s stock gained 4.68% on Wednesday, closing at $235.86. In after-hours trading, it rose an additional 1.72%, reaching $239.92. Year-to-date, the company&#8217;s shares have dropped 37.81%, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Image via Shutterstock
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">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.

TSLA

Tesla Crash Victims' Families Demand Accountability, Push For Probes Free From Elon Musk's Interference: 'We Are Deeply Concerned…'

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) gained momentum Wednesday ahead of the launch of its first-ever futures exchange-traded fund products.
What happened: Solana jumped over 7%, becoming the second-most successful large-cap cryptocurrency over the last 24 hours. The coin's trading volume surged 54% to $3.65 billion.
The sixth-largest cryptocurrency outshone market heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which grew by 3.82% and 5.11%, respectively.
The rally came in anticipation of the debut of new ETFs on Thursday that would track Solana futures.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Florida-based Volatility Shares LLC is introducing Volatility Shares Solana ETF, having the ticker SOLZ, &nbsp;and the Volatility Shares 2X Solana ETF, with the ticker SOLT, offering twice the leveraged exposure.
"In order to obtain exposure to Solana, the Fund intends to typically enter into cash-settled Solana Futures Contracts," the registration statement read. The shares would be listed on the Nasdaq stock exchange.
Why It Matters: It&#8217;s crucial to note that these products would be distinct from Solana<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum"> spot ETF products</a>, for which applications have been submitted to the SEC by issuers such as Grayscale, Canary Capital, and 21Shares.
Unlike spot ETFs, futures ETFs don&#8217;t hold the cryptocurrency directly. Instead, they track its price through regulated futures contracts.
Currently, Bitcoin futures exposure is available through ProShares Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) and ARK 21Shares Active Bitcoin Futures Strategy ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKA#BATS">ARKA</a>).
Price Action: At the time of writing, Solana was exchanging hands at $133.58, up 5.77% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin was down 29%.
Image via Shutterstock
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$ETH

ARKA

BITO

Solana Outpaces Bitcoin, Ethereum With 7% Rally As Wall Street Braces For First-Ever SOL ETFs

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang dismissed reports that the company is involved in any <a href="https://in.benzinga.com/markets/equities/25/03/44271204/tsmc-proposes-joint-venture-with-nvidia-amd-and-broadcom-to-operate-intels-factories-report">negotiations to take over</a> Intel Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) foundry operations.
What Happened: &#8220;I don&#8217;t know where that came from but nobody&#8217;s invited us to a consortium,&#8221; Huang said during a press briefing at Nvidia's GTC conference, <a href="https://asia.nikkei.com/Business/Tech/Semiconductors/Nvidia-not-in-talks-with-TSMC-to-take-over-Intel-foundry-Jensen-Huang">reported</a> Nikkei Asia. &#8220;I&#8217;m not trying to say it&#8217;s not news, but nobody invited me.&#8221;
Earlier this month, it was reported that Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) had approached Nvidia and other major U.S. semiconductor firms to support a plan to manage Intel's foundry division.
See Also:&nbsp;<a href="https://www.benzinga.com/news/management/25/01/43274796/jensen-huang-loses-20b-in-wealth-how-deepseek-hit-nvidia-stock-and-worlds-richest-people" target="_blank" rel="noreferrer noopener">Jensen Huang Loses $20B In Wealth: How DeepSeek Hit Nvidia Stock And World&#8217;s Richest People</a>
The reports also suggested that TSMC approached Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
Although Huang denied involvement in the alleged talks, he highlighted Nvidia's growing need for onshore manufacturing in the U.S., particularly amid ongoing tariff uncertainty.
&#8220;In the near term, based on what we know, we&#8217;re not expecting a significant impact [from Trump tariffs] on our outlook,&#8221; he stated, adding, &#8220;Long term, we want to retain the [supply chain] agility, but add a very significant part of our agility which is onshore.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Intel&#8217;s stock has dropped more than 42.64% in the past 12 months, with the company posting a net loss of $18.8 billion in 2024. According to a company filing, as of Dec. 31, its foundry division&#8217;s assets were valued at $108 billion.
Meanwhile, Nvidia has seen a significant drop in its market capitalization, losing <a href="https://in.benzinga.com/25/03/44392370/nvidia-destroys-420-billion-of-investor-wealth-since-deepseek-launch-valuation-hits-a-29-month-low-as-gtc-fails-to-ignite-stock">$420 billion since</a> the launch of its DeepSeek initiative in January 2025.
This decline was exacerbated by a lackluster response to <a href="https://in.benzinga.com/news/large-cap/25/03/44396572/nvidia-introduces-new-ai-and-robotics-tools-at-gtc-powering-the-future-of-technology">announcements made at the recent GTC AI</a> Conference despite unveiling <a href="https://www.benzinga.com/tech/25/03/44390580/nvidia-just-unveiled-a-humanoid-ai-brain-which-allows-robots-to-think-slow-jensen-huang-says-this-could-very-well-likely-be-the-largest-industry-of-all">new AI and robotics tools</a>, including the DGX SuperPOD powered by Blackwell Ultra GPUs.&nbsp;
Despite these setbacks, Nvidia continues to lead in AI technology, with a roadmap extending to 2028. According to JPMorgan analyst Harlan Sur, Nvidia remains &#8220;<a href="https://in.benzinga.com/25/03/44396940/nvidias-ai-reign-extends-to-2028-jpmorgan-says-its-still-1-2-steps-ahead">1-2 steps ahead</a>&#8221; in AI acceleration
Price Action: Nvidia&#8217;s stock rose 1.81% on Wednesday, closing at $117.52. In after-hours trading, it climbed another 1.08% to reach $118.79. So far this year, the company&#8217;s shares have declined by 15.03%, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Image: Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

INTC

QCOM

Nvidia CEO Jensen Huang Shuts Down Rumors Of Intel Foundry Takeover: 'Nobody's Invited Us To A Consortium'

Leading cryptocurrencies ushered in a strong rally Wednesday after Ripple Labs' announced victory in the SEC lawsuit and dovish signals from Federal Reserve Chair Jerome Powell.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.53%</td>
<td>$86,130.95</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.49%</td>
<td>$2,032.82</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.38%</td>
<td>$0.1763</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surged to a 10-day high of $87,443.27 late evening, before profit-taking pulled it back to the $86,000 region.
Ethereum reclaimed $2,000 after ten days, with the second-largest cryptocurrency soaring 4.5% over the previous day.
The bullish cryptocurrency-specific catalyst was Ripple CEO Brad Garlinghouse's <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44398151/ripple-ceo-announces-victory-as-sec-drops-appeal-in-xrp-lawsuit">announcement </a>that the SEC won't seek further appeals in the four-year-long legal case. The news also sent XRP, the coin at the center of the dispute, rallying nearly 10%.
The northward movement liquidated $355 million from the cryptocurrency market over the last 24 hours, with short positions accounting for $258 million.
The rally in spot prices also energized the derivatives market, with Open Interest for both Bitcoin and Ethereum contracts surging over 6%.
Interestingly, the majority of Bitcoin speculative traders were positioned short as of this writing, according to the Long/Short ratio.
The market turned "Neutral" after a prolonged stay in the "Fear" zone, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>XRP (XRP)</td>
<td>+9.53%</td>
<td>$2.52</td>
</tr>
<tr>
<td>Bonk (BONK)</td>
<td>+9.33%</td>
<td>$0.00001201</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+8.33%</td>
<td>$0.5423</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.84 trillion, expanding&nbsp; 4.17% in the last 24 hours.
Stocks rebounded Wednesday after dovish signals from the Fed. The Dow Jones Industrial Average surged 383.32 points, or 0.92%, to close at 41,964.63. The S&amp;P 500 rose 1.08%, ending at 5,675.29, while the tech-heavy Nasdaq Composite spiked 1.41% to close at 17,750.79.
On expected lines, the central bank <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44405112/tariff-inflation-may-be-transitory-powell-says-stocks-rally-bitcoin-clears-85000-as-bulls-return">kept the benchmark interest rates unchanged</a> at the current 4.25%-4.50% range, although it projected two rate cuts for the rest of the year.
Fed Chair Powell indicated that inflation driven by new trade tariffs might be "transitory," and that the recession risk remains "moderate" and "not high."
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: In a note to Benzinga, Chris Kline, COO and Co-Founder of BitcoinIRA, stated that the end of the XRP saga would "excite" the XRP community and boost adoption.
"I certainly know quite a few of our clients will be excited as it feels a lead weight has been lifted," Kline added.
Influential cryptocurrency analyst Ali Martinez said that while Ethereum may have breached the $2,000 resistance, $2,400 must be "conquered" for a bullish flip.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> smashed $2,000 today! But conquering the $2,400 zone is a must for a bullish flip. <a href="https://t.co/yzPHu0OoBf">pic.twitter.com/yzPHu0OoBf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1902399416260284502?ref_src=twsrc%5Etfw">March 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
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</ul>

Bitcoin, Ethereum, Dogecoin Rally On Jerome Powell's Dovish Signals: Analyst Says 'Lead Weight Has Been Lifted' As Ripple-SEC Case Concludes

On Wednesday, SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) announced that it has <a href="https://www.benzinga.com/markets/equities/25/01/42890464/softbank-owned-arm-eyes-acquisition-of-oracle-backed-chip-designer-ampere-computing-amid-nvidias-dominance-report">acquired</a> Ampere Computing in a $6.5 billion deal, with the transaction expected to close in the second half of 2025.
What Happened: Ampere, backed by Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>), designs high-performance server chips based on Arm Holdings PLC – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) architecture.
Both Oracle and Carlyle will sell their stakes as part of the transaction.
Founded in 2017 by Renee James, a former Intel Corp president, Ampere will operate as an independent subsidiary of SoftBank and retain its headquarters in Santa Clara, California.
The company currently employs around 1,000 semiconductor engineers.
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty" target="_blank" rel="noreferrer noopener">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>
Why It's Important: The acquisition signals SoftBank's aggressive pivot toward AI infrastructure, <a href="https://in.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">following its partnership</a> with OpenAI and involvement in the Donald Trump-backed $500 billion Stargate initiative.
The move also bolsters SoftBank's Arm ecosystem, following its $32 billion acquisition of Arm in 2016 and Arm's 2023 IPO.
SoftBank also plans to build a <a href="https://in.benzinga.com/media/25/03/44327422/softbank-to-build-676-million-ai-data-center-in-japan-linked-to-openai-partnership">$676 million AI data center</a> in Japan. This facility is expected to support large-scale AI projects, further enhancing SoftBank&#8217;s AI ecosystem.
Earlier this week, the company also unveiled a <a href="https://www.benzinga.com/tech/25/03/44398359/softbank-unveils-ai-model-to-streamline-telecom-operations">new AI model</a> designed to optimize telecom operations.
Photo by NP27 on Shutterstock.
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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.

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Masayoshi Son's SoftBank Buys Oracle-Backed Ampere For $6.5 Billion To Boost US AI Push

U.S. stocks closed higher as the S&amp;P 500 and Nasdaq responded to the Federal Reserve&#8217;s <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44403637/fed-holds-rates-while-growth-forecasts-slip-inflation-projections-rise">decision to keep interest rates at 4.25%-4.50%</a>. The move comes amid downward revisions to 2025 growth projections and rising inflation expectations. The Fed&#8217;s statement pointed to increased economic uncertainty and future risks.
The S&amp;P 500 gained nearly 1.1% to 5,675.29, while the Nasdaq climbed 1.4% to 17,750.79. The Dow Jones Industrial Average added 0.9%, closing at 41,964.63.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Strategy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)
Strategy&#8217;s shares surged 7.43% to close at $304.23, reaching an intraday high of $309.08 and a low of $287.12. The stock&#8217;s 52-week range is $542.99 to $101. In the after-hours session, the shares of the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company rose 2.49%. This rise was in line with other crypto-linked stocks, buoyed by the Federal Reserve&#8217;s decision to maintain steady interest rates. Strategy <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44406619/whats-going-on-with-strategy-stock-wednesday">benefited</a> from the overall positive sentiment in the market.
Nike Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)
Nike&#8217;s stock dipped 0.44% to end at $72.99, with a high of $73.43 and a low of $72.29 during the day. The 52-week range stands at $101.92 to $68.62. In the after-hours session, the stock rose 0.49%. Analysts are closely watching Nike&#8217;s <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44402295/nike-q3-earnings-preview-analyst-says-new-ceo-can-right-the-ship-but-it-could-take-longer-than-expected">upcoming third-quarter earnings report</a>, which could shed light on the impact of tariffs and the progress under its new CEO. Nike is expected to discuss a recent brand partnership.
Shopify Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)
Shopify shares climbed 8.01%, closing at $101.54, with an intraday high of $103.17 and a low of $97.65. The stock&#8217;s 52-week range is $129.38 to $48.56. The company&#8217;s stock rose on the back of the Federal Reserve&#8217;s decision to keep interest rates unchanged, which was seen as a <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44406912/shopify-shares-climbed-8-wednesday-what-happened">positive signal</a> for the economy. Shopify benefited from this overall market strength.
Boeing Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)
Boeing&#8217;s stock rose 6.84% to $172.62, with a high of $174.20 and a low of $165. The 52-week range is $196.95 to $137.03. The increase followed an <a href="https://www.benzinga.com/news/events/25/03/44401019/boeing-stock-is-rising-wednesday-heres-why">optimistic outlook</a> from Boeing&#8217;s CFO at an investor conference, where he highlighted easing cash burn and an increase in plane deliveries. Boeing is on track to exceed previous delivery expectations.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares gained 4.68%, closing at $235.86, with a high of $241.41 and a low of $229.20. The stock&#8217;s 52-week range is $488.54 to $138.80. The company <a href="https://in.benzinga.com/25/03/44392619/elon-musks-tesla-secures-first-approval-towards-rolling-out-robotaxi-in-california">secured its first permit</a> in California for a robotaxi service, marking a significant step forward in its autonomous vehicle ambitions. Tesla received approval from the California Public Utilities Commission.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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