オプションチェーンは、Tencent Holdingsの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Tencent Holdingsの市場センチメントを評価します。.

Tencent Holdings (OTC:TCEHY) 株価情報, オプションチェーン

Tencent Holdings

TENCENT HOLDINGS ADR

Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

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（３日）フォルクスワーゲンAG（OTC：VWAGY）メルセデス・ベンツ（Mercedes-Benz） L&#39;Oréal（ロレアル）をはじめとする数多くの大手多国籍企業が、中国における需要の減少を懸念している。

中国指数消費者信頼度の低下　大手外資企業が苦戦

TENCENT HLDGS UNSP/ADR by Tencent Holding Ltd.

Tencent Holdings Ltd

China&#8217;s leading technology companies, including Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) have begun switching to <a href="https://www.benzinga.com/topic/chip-stocks" target="_blank" rel="noreferrer noopener">homegrown chips to</a> develop artificial intelligence as the dwindling stockpile of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) processors and U.S. export controls erode their ambitions.
Growing geopolitical tensions with China led Donald Trump&#8217;s administration to clamp down on sales of Nvidia&#8217;s H20 in April, prompting the companies to step up contingency planning, the Financial Times <a target="_blank" href="https://www.ft.com/content/bb1315e8-27df-4a93-a4dc-11e2883fdde3" rel="noreferrer noopener">reported</a> on Thursday, citing unnamed sources familiar with the matter.
Uncertainties mount over Nvidia&#8217;s ability to offer a new processor for China that is compliant with Trump&#8217;s export rules and competitive against domestic rivals.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45673288/when-nvidia-wins-broadcom-climbs-ai-boom-sends-chip-stocks-soaring" rel="noreferrer noopener">When Nvidia Wins, Broadcom Climbs: AI Boom Sends Chip Stocks Soaring</a>
New chip orders typically take three to six months to ship.
Shen Dou, head of Baidu&#8217;s AI cloud group, expressed optimism during an analyst call, saying that domestically developed self-sufficient chips and homegrown software stacks will gradually replace Nvidia.
Alibaba chief Eddie Wu, in an earnings call, talked about actively exploring diversified solutions to meet demand.
China Institutes of Contemporary International Relations&#8217; social media post quoted domestic entities in China as having already begun large-scale procurement and use of Ascend chips.
Most companies are considering a hybrid approach, with AI training continuing to run on existing Nvidia chips while adopting local processors for inference.
Analysts at GF Securities told the Financial Times that they expect Nvidia to start producing its next chips for China by early July.
Nvidia said it had incurred a <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong" target="_blank" rel="noreferrer noopener">$4.5 billion charge</a> in the first quarter related to H20 excess inventory and purchase obligations. H20 product sales were $4.6 billion for the first quarter before the new export licensing requirements.
<a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions" target="_blank" rel="noreferrer noopener">Chinese companies, including</a> ByteDance, Alibaba and Tencent, hoarded Nvidia&#8217;s H20 AI chips amid US sanctions. They aimed to snap up one million H20s before the latest US semiconductor sanctions. The companies reportedly placed over $16 billion in orders for the quarter. 
Reportedly, Nvidia bagged $18 billion of H20 orders since 2025.
China generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Price Actions: At the last check on Friday, NVDA stock was down 0.06% at $139.10. BABA is down 0.84%.
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Alibaba And Baidu Turn To Chinese AI Chips As US Sanctions Squeeze Nvidia Supply

Chinese AI startup DeepSeek, which triggered a <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">$600 billion drop</a> in Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market value with the release of its R1 model in January, has quietly launched an updated version of its reasoning model.
What Happened: The model, dubbed R1-0528, was uploaded in the early hours of Thursday to the developer platform Hugging Face without a formal public announcement, reported Reuters.
Despite the low-key release, the model quickly gained attention.
On the LiveCodeBench leaderboard—a benchmark created by researchers from UC Berkeley, MIT and Cornell—R1-0528 ranked just behind OpenAI's o4 mini and o3 models in code generation.
See Also:&nbsp;<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" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
It <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44625580/alibaba-steps-up-ai-game-with-qwen-3-challenging-deepseeks-low-cost-ai-success">also outperformed</a> xAI's Grok 3 mini and Alibaba Group Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Qwen 3, underscoring DeepSeek's rising status.
DeepSeek's more advanced model, R2, is still expected later this year, the report added.
Why It's Important: Following R1's release in January, major Chinese firms like Alibaba and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) have <a href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle">launched models that they</a> say outperform DeepSeek's.
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.
Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google also rolled out lower-cost Gemini access tiers, while OpenAI reduced pricing and introduced its o3 Mini model, designed to operate with reduced computational demands.
Previously, Demis Hassabis, CEO of Google DeepMind, acknowledged DeepSeek's AI model as arguably the most <a href="https://benzinga.com/markets/25/02/43586484/google-deepmind-ceo-calls-deepseek-ai-best-work-from-china-but-says-hype-is-overblown-theres-no-actual-new-scientific-advance">impressive to emerge from China</a>, while Alphabet CEO Sundar Pichai <a href="https://www.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency">downplayed the threat</a> posed by the startup.
After witnessing China's DeepSeek top the App Store with an AI product built by just 200 engineers, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella reportedly <a href="https://www.benzinga.com/25/03/44529954/microsoft-ceo-satya-nadella-admits-chinas-deepseek-was-a-wake-up-call-tells-employees-its-time-to-build-real-products-not-just-research-thats-the-new-bar-to-me">pushed his teams to deliver results</a> with similar speed and real-world impact.
Benzinga Edge Stock Rankings awarded NVDA an impressive growth score of 98.75%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other top-performing stocks such</a> as Alphabet, Alibaba, Tencent, Microsoft and more.
<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/2025/05/29023210/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM-2.png" alt="" class="wp-image-930896" /></a></figure>
Photo Courtesy: mundissima on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

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China's DeepSeek Quietly Drops R1 AI Update That Nearly Matches OpenAI o4 Mini—And Beats Elon Musk's Grok 3 Mini

After years of being the poster child for China&#8217;s regulatory reckoning, Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is now sending a different sort of signal to shareholders: It&#8217;s back, it&#8217;s profitable and it&#8217;s on the AI wave on a large scale. And for <a href="https://www.benzinga.com/etfs">ETF investors</a>, its return may be more than a BABA-centric tale, which might be a sign of a wider reawakening for China-centric tech ETFs.
The Numbers Don&#8217;t Lie, They Shout
Alibaba&#8217;s most <a href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow">recent quarterly earnings</a> showed that the company&#8217;s revenue increased 7% year-over-year in the March quarter, which was a miss. However, operating income skyrocketed 93%, and adjusted EBITA jumped 36%. The jaw-dropping number? Net income expanded to $1.65 billion, an eye-opening 1,203% jump from the prior-year period. Even stripping out one-time gains, non-GAAP net income was up 22%. The company has also stepped up expenses, cut share-based compensation in half, and streamlined its sprawling platforms—all while accelerating cash flow by 18%. For a company once seen as a regulatory landmine, Alibaba is now flexing financial discipline and strategic clarity.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45620670/alibaba-eyes-growth-in-other-markets-as-us-ties-strained-says-chairman">Alibaba Eyes Growth In Other Markets As US Ties Strained, Says Chairman</a> Alibaba&#8217;s Not-So-Secret Weapon
As e-commerce remains the company&#8217;s anchor business, Alibaba&#8217;s Cloud Intelligence Group is shaping up to be the next significant growth driver. The cloud unit increased revenue by 18% YoY to $4.15 billion, while adjusted EBITDA surged 69%. But the real news is what&#8217;s fueling that growth: artificial intelligence.
Alibaba has now reported seven straight quarters of triple-digit revenue growth from AI-driven cloud products. CEO Eddie Wu has referred to generative AI as the key driver here, a trend that international investors are following closely, particularly as AI emerges as the next wave across enterprise and consumer applications. The ETF Implication: Who&#8217;s Holding The Bag (In A Good Way)?
For&nbsp;investors&nbsp;in&nbsp;ETFs who want&nbsp;to&nbsp;play&nbsp;Alibaba&#8217;s&nbsp;rebound&nbsp;without&nbsp;committing&nbsp;all&nbsp;to&nbsp;a&nbsp;single&nbsp;stock,&nbsp;there&nbsp;are many&nbsp;funds&nbsp;with&nbsp;significant&nbsp;exposure: KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)
With 12% weighting in Alibaba, KWEB has been a favorite among those wagering on the Chinese internet rebound. The ETF also provides some exposure to Tencent (OTCPK: TCEHY), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Meituan, providing diversified access to the group. Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>)
This fund invests in U.S.-listed Chinese shares, such as Alibaba (8% weightage), and goes heavy on tech-heavy names. It provides a pure play for those interested in the innovation economy of China without having to contend with A-shares. iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)
A more diversified China play and a significant position in Alibaba (~10%), MCHI may attract investors who want to mix tech with some exposure to financials, real estate, and industrials. Not All Dragons Breathe Fire
While Alibaba&#8217;s Q4&nbsp;results&nbsp;are&nbsp;certainly&nbsp;to be applauded, it&#8217;s not&nbsp;a&nbsp;decade&nbsp;of&nbsp;peace&nbsp;and&nbsp;prosperity&nbsp;on the China tech horizon. The&nbsp;larger&nbsp;China tech&nbsp;story&nbsp;is&nbsp;still&nbsp;susceptible&nbsp;to geopolitical&nbsp;stress,&nbsp;local&nbsp;regulator&nbsp;switches, and sentiment investor turns. ETFs can insulate single-stock risk but aren&#8217;t proof against macro headwinds.
Nevertheless, the green shoots are difficult to overlook. Following years of investor doubts, Alibaba&#8217;s robust quarter may be the catalyst China tech ETFs have been waiting for.
For ETF investors, particularly those who hold long positions in KWEB, PGJ, and MCHI, the last earnings call hinted that the tide could be turning for China tech. With AI traction, cloud profitability, and a solid core commerce engine, Alibaba no longer looks like a cautionary tale. The Alibaba stock is up 38% year-to-date.
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PowerShares Golden Dragon Halter USX China Portfolio

China Tech's Revival Starts With Alibaba: ETFs To Watch As The Dragon Wakes

Autonomous driving company Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) has announced it has signed an MoU with Dubai Government's Roads and Transport Authority (RTA) to deploy its autonomous taxi fleet in the Emirate.
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival shared the announcement in an official statement on Monday. The expansion comes in line with Dubai's target of transitioning 25% of the Emirate's transportation to autonomous capabilities by 2030, the statement said.
The rollout will follow a multi-phase plan, with driverless fully-autonomous robotaxis to be introduced in 2026, according to the statement. Pony AI also aims to ramp up its global robotaxi fleet to "thousands of vehicles" within the next two years, the statement shares.&nbsp;
&#8220;Dubai stands at the forefront of intelligent urban mobility innovation, and we are honored to collaborate with RTA on this transformative initiative." Pony AI CFO Dr. Leo Wang said in the statement.
Why It Matters: With this expansion, Pony AI's global operations now include Dubai, the U.S., South Korea, China and Luxembourg. The company has over 270 robotaxis in its fleet in China.
Pony AI has been making moves in the AV segment as the company recently <a href="https://www.benzinga.com/25/05/45225030/robotaxis-take-the-wheel-pony-ai-and-uber-team-up-for-international-rollout">announced a partnership</a> with ride-hailing giant Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and another partnership with Chinese tech giant Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) to collaborate on <a href="https://www.benzinga.com/media/25/04/45013465/pony-ai-and-tencent-partner-on-l4-robotaxis-expand-chinas-self-driving-future">Level 4 robotaxis</a>.
Elsewhere, Elon Musk's Tesla has been gearing up for the launch of its robotaxi fleet in Austin next month, which Musk says would have over 10 robotaxis deployed in the first week. However, the robotaxi plans have been at the receiving end of<a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned"> criticism from experts</a>.&nbsp;
Price Action: PONY gained 6.61% in Pre-market trading, currently trading for $18.56, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
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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Photo courtesy: Michael Vi / Shutterstock.com

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Tesla Autonomous Driving Rival Pony AI To Expand Robotaxi Fleet Into Dubai Following Agreement With Regulators

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and DeepSeek&#8217;s home province Zhejiang introduced a comprehensive policy package to <a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">accelerate&nbsp;artificial intelligence (AI)</a> research, industrial growth, and talent acquisition.
Major companies in the AI supply chain, including those responsible for large language models, cloud computing, and&nbsp;semiconductors, could potentially generate combined operating revenues of over 1 trillion yuan ($138.6 billion) by 2027, nearly double the current production value of China&#8217;s AI industry, which last year saw total output worth 570 billion yuan, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3311106/alibaba-and-deepseeks-home-province-launches-ai-spending-spree-become-innovation-hub" rel="noreferrer noopener">reported</a> on Wednesday, citing official data.
The strategy resonated with Beijing&#8217;s call for technological self-reliance.
Financial support includes attracting more than 10 billion yuan in venture capital to invest in AI, especially subsidizing start-ups.
Also Read: <a href="https://www.benzinga.com//node/45546785">China&#8217;s Twitter-Like Platform Weibo Keeps User Engagement High, Credits AI-Recommendation Engine</a>
The policy takes effect on May 31 and will remain valid through 2027.
The Guangdong government announced subsidies for the AI and robotics sectors in April. The Guangdong city of Shenzhen is home to tech firms, including&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and&nbsp;Huawei Technologies.
Alibaba is considered the tech barometer of China. The stock surged over 46% year-to-date.
Alibaba reported its&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45473543/alibabas-cloud-and-e-commerce-units-shine-as-analyst-sees-ai-take-rates-fueling-future-growth" rel="noreferrer noopener">fiscal&nbsp;fourth-quarter</a> revenue growth of&nbsp;7%&nbsp;to&nbsp;$32.58 billion, missing the analyst consensus estimate of&nbsp;$33.08 billion. It clocked an adjusted earnings per ADS of&nbsp;$1.73, which&nbsp;beat the&nbsp;analyst consensus estimate&nbsp;of&nbsp;$1.48.&nbsp;Cloud Intelligence Group revenue grew by&nbsp;18%&nbsp;to&nbsp;$4.15 billion.
Benchmark&nbsp;analyst Fawne Jiang continues to view Alibaba as a leading beneficiary of accelerated AI adoption in China and a top structural player in the sector.
Price Action:&nbsp;BABA shares traded lower by&nbsp;0.75%&nbsp;to&nbsp;$124.22 at&nbsp;the last check on Wednesday.
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Asia

Alibaba's Home Province Launches $138 Billion AI Push To Double China's Industry Output By 2027

<a target="_blank" href="https://www.benzinga.com/topic/autonomous-vehicles" rel="noreferrer noopener">Chinese autonomous company</a> WeRide&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) tapped Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Tencent Cloud to boost robotaxi commercial operations and build smart driving solutions for international markets.
Tencent&#8217;s&nbsp;cloud unit will depend on its global cloud infrastructure to provide WeRide with cloud services to build a smart driving operation network, Reuters reported on Tuesday. WeRide stock gained after the report.
In April, Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and WeRide partnered with Dubai&#8217;s Road and Transport Authority (RTA) to <a target="_blank" href="https://www.benzinga.com/tech/25/04/44605125/uber-teams-up-with-weride-to-bring-self-driving-cars-to-dubai" rel="noreferrer noopener">launch autonomous vehicles</a>, advancing Dubai&#8217;s self-driving transport goals.
Also Read: <a href="https://www.benzinga.com/news/25/04/44988070/autonomous-ride-hailing-just-got-real-vw-and-uber-reveal-first-us-city" target="_blank" rel="noreferrer noopener">Autonomous Ride-Hailing Just Got Real: VW And Uber Reveal First US City</a>
Also in April, WeRide domestic rival&nbsp;Pony AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) collaborated with Tencent Cloud&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/04/45013465/pony-ai-and-tencent-partner-on-l4-robotaxis-expand-chinas-self-driving-future" rel="noreferrer noopener">to bring robotaxi rides</a> to WeChat and Tencent Maps, boosting autonomous ride-hailing access.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said in April that it had started testing its autonomous ride-hail service with Austin and Bay Area employees ahead of its planned robotaxi launch this summer.
Tesla chief Elon Musk expects the EV giant&#8217;s robotaxi fleet to function like a combination of Airbnb, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Uber.
Price Action: WRD stock is up 4.62% at $8.91 at last check Tuesday.
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Photo: Shutterstock

ABNB

WeRide Stock Climbs On Tencent Cloud Deal To Speed Global Robotaxi Push

As criticism mounts over the Donald Trump administration's <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45390422/trump-unveils-historic-and-transformative-600-billion-saudi-deal-predicts-markets-will-go-a-lot-higher">AI chip deals with Gulf states</a>, David Sacks and Sam Altman are pushing back, calling the partnerships a strategic win over China.
What Happened: Trump announced multibillion-dollar AI partnerships between U.S. companies and Gulf nations, including Saudi Arabia and the UAE.
The deals involve major players like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
Despite <a href="https://www.benzinga.com/25/05/45459318/chuck-schumer-blasts-trump-for-backing-ai-chip-sales-to-saudi-arabia-uae-warns-deal-risks-us-tech-secrets-falling-into-chinas-hands">concerns from lawmakers</a> about potential Chinese access to U.S. AI chips via Gulf allies, Sacks, a tech investor and White House AI advisor, defended the initiative in a post on X, formerly Twitter.
"I'm genuinely perplexed how any self-proclaimed ‘China Hawk' can claim that President Trump's AI deals with UAE and Saudi Arabia aren't hugely beneficial for the United States," Sacks wrote.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
He cited semiconductor analyst Dylan Patel that the partnerships "will noticeably shift the balance of power" in the U.S.'s favor and asked critics: "Does China wish it had made these deals? Yes of course it does. But President Trump got there first and beat them to the punch."
Altman shared Sacks&#8217; post on X and echoed his view, stating, "This was an extremely smart thing for you all to do and I'm sorry naive people are giving you grief."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">this was an extremely smart thing for you all to do and i'm sorry naive people are giving you grief. <a href="https://t.co/iTkQj9c9QW">https://t.co/iTkQj9c9QW</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1923428713095479437?ref_src=twsrc%5Etfw">May 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It's Important: The Joe Biden administration had previously implemented <a href="https://www.benzinga.com/news/24/10/41323155/nvidia-amd-face-chip-export-curbs-as-biden-administration-considers-restrictions-on-middle-east-coun">rules to restrict AI chip exports</a> to countries like Saudi Arabia and the UAE, citing national security risks.
However, those limits have now been rolled back, with new policies still in development, <a href="https://www.axios.com/2025/05/16/trump-ai-deals-gulf-chips-china-trade-policy">reported</a> Axios.
On Thursday, Senate Minority Leader Chuck Schumer (D-N.Y.) cautioned that Trump's backing of efforts to export sensitive U.S. AI chip technology to allies in the Persian Gulf might ultimately give an advantage to China.
Earlier, Nvidia CEO Jensen Huang warned that limiting access to China's AI market could <a href="https://www.benzinga.com/markets/25/05/45243129/nvidia-ceo-jensen-huang-says-losing-access-to-chinas-potential-50-billion-ai-market-would-be-a-tremendous-loss">harm the company, U.S. jobs</a>, and overall technological progress.
His remarks followed a report revealing that Nvidia has notified key Chinese clients — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing a <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">modified version of its AI chip designed</a> to meet U.S. export restrictions.
Nvidia has earned a growth score of 95.02% from Benzinga Edge Stock Rankings. <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> like AMD, Qualcomm, Alibaba and Tencent.
<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/2025/05/18231701/Screenshot-2025-05-19-at-8.46.56%E2%80%AFAM.png" alt="" class="wp-image-919127" /></a></figure>
Photo Courtesy: twenty1studio On 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.

AMZN

QCOM

David Sacks Hails Trump's AI Strategy In Middle East As Power Move Over China — OpenAI CEO Sam Altman Backs Him: 'Sorry Naive People Are Giving You Grief'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is reportedly expanding its research footprint in China with a new Shanghai-based R&amp;D center, signaling a strategic push to retain AI dominance in the region amid tightening U.S. export restrictions.
What Happened: Nvidia CEO Jensen Huang met with Shanghai Mayor Gong Zheng last month to discuss plans for the new facility, <a href="https://www.ft.com/content/c886a4c0-da75-4ea7-8230-6ffd18815fa4">reported</a> the Financial Times, citing two people with knowledge of the matter.
Nvidia is already leasing new office space in Shanghai to house current staff and accommodate the expansion.
While the company said that no GPU designs will be sent to China, the R&amp;D center will focus on optimizing existing products, verifying chip designs and exploring use cases like autonomous driving, the report noted.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report" target="_blank" rel="noreferrer noopener">Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report</a>
"We are not sending any GPU designs to China to be modified to comply with export controls," Nvidia told the publication.
Why It's Important: The move underscores <a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions">Nvidia's delicate balancing act</a>—maintaining a presence in one of its largest overseas markets while adhering to U.S. export controls.
China accounted for roughly 14% of Nvidia's revenue in 2023, or about $17 billion. Huang has said the market could be worth as much as $50 billion.
Huang previously warned that limiting access to <a href="https://www.benzinga.com/markets/25/05/45243129/nvidia-ceo-jensen-huang-says-losing-access-to-chinas-potential-50-billion-ai-market-would-be-a-tremendous-loss">China's AI market could harm</a> not only Nvidia's business but also U.S. jobs and technological progress.
His remarks followed reports that Nvidia had notified major Chinese customers — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing a <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">modified version of AI chips</a> to meet U.S. export restrictions.
Price Action: Nvidia shares slipped 0.096% to $134.70 in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Nvidia currently holds a growth score of 95.06%. <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 top tech firms like</a> AMD, Qualcomm, Alibaba and Tencent.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16012658/Screenshot-2025-05-16-at-10.56.52%E2%80%AFAM.png" alt="" class="wp-image-917430" /></a></figure>
Photo Courtesy: Hepha1st0s On 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.

Jensen Huang-Led Nvidia Plans New Shanghai Research Hub To Stay Competitive In China As US Export Curbs Threaten AI Chip Sales: Report

On Thursday, Senate Minority Leader Chuck Schumer (D-N.Y.) warned that President Donald Trump's support for exporting sensitive U.S. artificial intelligence chip <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45390422/trump-unveils-historic-and-transformative-600-billion-saudi-deal-predicts-markets-will-go-a-lot-higher">technology to Persian Gulf allies</a> could benefit China.
What Happened: On the Senate floor, Schumer criticized Trump for greenlighting high-stakes deals allowing advanced U.S. chips to be sold to Saudi Arabia and the UAE, <a href="https://thehill.com/homenews/senate/5302029-schumer-trump-saudi-ai-chip-deals/">reported</a> The Hill.
"This deal could very well be dangerous because we have no clarity on how the Saudis and Emiratis will prevent the Chinese Communist Party, the Chinese government, the Chinese manufacturing establishment from getting their hands on these chips," Schumer said.
He warned that "inevitably, when foreign countries end up with American-made chips, the CCP, the Chinese Communist Party, sooner or later gets hold of these American chips and their secrets in them."
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
Several U.S. tech firms — including Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) — have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45424189/nvidia-amazon-tesla-palantir-among-top-beneficiaries-of-1-trillion-saudi-arabia-ai-push-analyst-says">announced major AI chip agreements</a> with Gulf-backed entities during Trump's Middle East trip.
Nvidia alone plans to deliver 18,000 Blackwell chips to a Saudi sovereign wealth fund-backed company.
Why It's Important: Over the years, the U.S. government has imposed tight export restrictions on advanced chips over fears they could be used for military or surveillance purposes by adversaries like China.
Schumer said these new deals undermine those efforts and could shift cutting-edge manufacturing abroad.
"What's this about bringing jobs and high-end technology back to the country?" Schumer asked. "All of a sudden it's OK to give it to other countries? Especially other countries whose security might not be as tight as ours?"
Previously, Nvidia CEO Jensen Huang cautioned that restricting access to China&#8217;s AI market <a href="https://www.benzinga.com/markets/25/05/45243129/nvidia-ceo-jensen-huang-says-losing-access-to-chinas-potential-50-billion-ai-market-would-be-a-tremendous-loss">could negatively impact</a> not only the company but also American jobs and technological innovation.
His statement came after a report indicated that Nvidia has informed major Chinese clients — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is working on a new variant of H20 AI chip models <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">tailored to comply</a> with U.S. export regulations.
Nvidia holds a growth score of 95.06% according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading tech companies</a> such as AMD, Qualcomm, Alibaba and Tencent.
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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.

Chuck Schumer Blasts Trump For Backing AI Chip Sales To Saudi Arabia, UAE: 'This Deal Could Very Well Be Dangerous'

In a move that indicates faith in the resurgence of global equities, Lazard Asset Management has transformed its International Equity Advantage mutual fund into<a href="https://www.benzinga.com/etfs"> actively managed ETF</a>, the Lazard International Dynamic Equity Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEQ#NYSE">IEQ</a>). With this, IEQ joins Lazard&#8217;s theme- and region-based ETF suite that includes the Equity Megatrends ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THMZ#NASDAQ">THMZ</a>), Japanese Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JPY#NASDAQ">JPY</a>), and Next Gen Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEKY#NASDAQ">TEKY</a>).
Also Read:<a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45297474/imtm-etf-tanks-then-soars-why-global-momentum-is-making-a-comeback"> IMTM ETF Tanks, Then Soars: Why Global Momentum Is Making A Comeback</a>
Launched on Monday, IEQ is not starting from zero. It inherits both the history and portfolio DNA of its mutual fund ancestor, now in the slick, low-cost, and tax-efficient wrapper increasingly favored by investors. The ETF launched with $31.1 million in assets and an expense ratio of 0.40%.
IEQ follows the MSCI All Country World ex-US Index (ACWI ex-US) as its benchmark but seeks to outperform it, not merely replicate it. The fund uses a quantitatively oriented process that combines machine intelligence with fundamental research to create a concentrated, high-conviction portfolio of non-U.S. stocks.
The fund&#8217;s strategy resists temptation to lean too heavily in any one direction of investment. Rather, Lazard&#8217;s team regularly assesses companies on the basis of valuation, growth, quality, and the way markets are thinking about them.
Rob Forsyth, Lazard's Global Head of ETFs, sees the &#8220;pendulum swing back toward international equities,&#8221; and investors are taking notice.
Additionally, Lazard Chief Market Strategist Ronald Temple sees a &#8220;world of opportunity&#8221; outside of the U.S., according to Bloomberg.
IEQ's portfolio includes global powerhouses such as TSMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Iberdrola (OTCPK: IBDRY), Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Tencent (OTCPK: TCEHY), offering exposure across key regions and sectors.
As the ETF market starts to sizzle and international shares return to favour with investors, Lazard is betting that an experienced international strategy with a technology-driven twist is precisely what the market needed. IEQ might be a new ticker tape name, but the strategy playbook that underlies it has been rigorously stress-tested through market cycles — and now it&#8217;s taking it global.
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Image: Shutterstock

New ETFs

IBDRY

TEKY

THMZ

Lazard Transforms Mutual Fund Into IEQ ETF Amid Rising Demand For International Stocks

Following a new U.S. directive banning the use of Huawei Technologies AI chips globally, Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) said it has sufficient stockpiles of high-end chips, like Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20, to continue training large language models for "a few more generations."
What Happened: "So it's a very dynamic situation," Tencent president Martin Lau told analysts on a conference call on Wednesday, <a href="https://asia.nikkei.com/Business/Technology/Tencent-says-chip-stockpile-can-power-AI-training-for-generations-despite-US-ban">reported</a> Nikkei Asia. "We just … have to manage the situation," not only in a compliant way, but also by making sure our AI strategy can still be executed.
The U.S. Bureau of Industry and Security this week barred the use of Huawei chips for AI, even outside American borders. This comes as Washington tightens export controls amid growing concerns over military applications of AI technology.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
Lau noted that while GPU supply is tight, Tencent has prioritized internal use, focusing first on revenue-generating AI products like advertising and content recommendations, with model training following.
He added that Tencent is optimizing software for inference, effectively doubling GPU capacity, the report noted.
Why It's Important: Tencent's first-quarter earnings beat analyst expectations, with revenue rising 13% year-over-year to 180 billion yuan ($24.9 billion), driven by strong AI-enhanced ad performance and gaming growth.
Previously, it was reported that Chinese tech giants, including Tencent, Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">increased their orders for</a> Nvidia&#8217;s H20 chips to meet rising demand for affordable AI solutions, particularly from emerging startups like DeepSeek.
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.
Since January, Nvidia has reportedly received H20 chip orders totaling around $18 billion. However, in March, Chinese server manufacturer H3C cautioned about a <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">potential shortage of these chips</a>.
Last week, it was reported that Nvidia is redesigning its H20 AI chip for the Chinese market, with plans to release the revised version as soon as July. The decision followed a notification from the Donald Trump administration informing Nvidia that the original H20 chip would <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">require an export license</a>.
Nvidia received an impressive growth score of 95% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading tech giants</a> such as Alibaba and Tencent.
Photo Courtesy: Tada Images on 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.

After Trump Administration's Ban On Huawei AI Chips Goes Global, Tencent Says It Has Enough High-End AI Chips To Train Models For 'Generations'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">reportedly redesigning</a> its H20 artificial intelligence chip for the Chinese market after U.S. export controls effectively blocked the original version, with plans to launch the modified chip as early as July.
What Happened: Nvidia has notified major Chinese customers, including top cloud service providers, that it intends to release a downgraded H20 chip within the next two months, reported Reuters, citing sources familiar with the matter.
The move comes after the U.S. government <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">informed Nvidia last month</a> that the original H20 would require an export license, effectively banning it from sale in China under tightened national security rules.
Following this, Nvidia revealed that export restrictions might lead to a revenue loss of $5.5 billion.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
The company has since developed new technical thresholds to guide the modified design, which will include substantial reductions in memory capacity and potentially other performance adjustments, the report noted.
Nvidia did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Chinese tech giants such as Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance earlier this year <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">ramped up H20 orders to fuel</a> a growing demand for cost-effective AI solutions, especially from startups like DeepSeek.
Since January, Nvidia has reportedly accumulated $18 billion worth of H20 orders. However, in March, Chinese server maker H3C warned of a <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">possible shortage</a> of Nvidia's H20 chips.
Earlier this month, Nvidia CEO Jensen Huang informed U.S. lawmakers that AI chip <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">export restrictions might be giving</a> China's Huawei Technologies a competitive advantage.
That same day, <a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">Nvidia also criticized</a> AI startup Anthropic for supporting tighter U.S. export controls on AI chips to China.
Price Action: Nvidia shares dipped by 0.27% to $117.05 in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga Edge Stock Rankings gave Nvidia a strong growth score of 94.76%. <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 major tech players</a> like Alibaba and Tencent.
Photo Courtesy: Hepha1st0s On 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.

Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report

&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has expressed apprehension over the potential financial consequences of a contempt ruling in favor of&nbsp;Epic Games. The tech giant has warned that this ruling could lead to &#8220;substantial&#8221; financial losses.
What Happened: Apple is concerned about the financial implications of the recent court ruling, hence, it is seeking a stay on the order. The company stated that the ruling could cost it "hundreds of millions to billions" of dollars on an annual basis, <a href="https://www.cnbc.com/2025/05/07/apple-says-epic-games-contempt-ruling-could-cost-substantial-sums-.html">CNBC</a> reported.
Judge Rogers&#8217; new ruling broadens earlier decisions by ordering the Tim Cook-led company to immediately stop charging commissions on iPhone app purchases made through web links within apps, along with other changes.
In reaction to the contempt ruling, Epic Games CEO Tim Sweeney suggested a peace deal. He stated that Epic Games would reintroduce Fortnite to the App Store and abandon all litigation if Apple relaxed its App Store rules.
On Wednesday, Sweeney stated that battling Apple over the past five years cost the company over $1 billion — but he believes it was worth it, reported Business Insider.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45250868/bitcoin-ethereum-xrp-dogecoin-open-green-as-china-announces-liquidity-injection-ahead-of-fed-interest-rate-decision" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Open Green As China Announces Liquidity Injection Ahead Of Fed Interest Rate Decision &#8211; Benzinga</a>
Why It Matters: The ruling came in the wake of a&nbsp;<a href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if">U.S. court order</a>&nbsp;that found Apple Inc. in violation of an injunction against anti-steering practices. Following this, Epic Games, backed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), proposed to bring Fortnite back to the App Store, provided Apple met certain conditions.
Furthermore, a federal court&#8217;s decision to slash Apple Inc.&#8217;s 27% commission on alternative in-app payments was seen as a significant victory for Epic and a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45192790/apples-27-fee-cut-is-good-news-for-epic-app-developers-google-remains-unaffected">rare moment </a>of leverage for developers.
This ruling is a critical juncture in the ongoing legal feud between Apple and Epic Games. The potential financial impact on Apple underscores the gravity of the situation and the possible implications for the company&#8217;s profitability. 
Besides, the reintroduction of Fortnite to the App Store could also have significant implications for the gaming industry and mobile app market. 
Price Action:&nbsp;Apple shares have declined 19.52% year-to-date in 2025 but are still up 7.39% over the past 12 months. On Wednesday, the stock slipped 1.14%, closing at $196.25, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
In Benzinga Edge&#8217;s Stock Rankings, Apple earns a growth score of 66.38% and a momentum score of 46.48%.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it compares to other top tech stocks</a>.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45274508/bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-induced-concerns-analyst-says-eth-holding-above-crucial-level-and-begins-its" target="_blank" rel="noreferrer noopener">Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above &#8216;Crucial Level&#8217; And Begins Its &#8216;Bounce Upwards&#8217; &#8211; Graysc</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Apple Warns Of 'Hundreds Of Millions To Billions' Dollar Losses Over Epic Games Ruling, Seeks Stay Amid App Store Shakeup

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for&nbsp;Valorant and League of Legends esports global&nbsp;events, according to a Tuesday announcement.
What Happened: The collaboration is set to commence with the VCT Masters Toronto, Riot Games confirmed on its website.
Coinbase is expected to bring a range of fan-facing enhancements, including&nbsp;custom segments, event activations, hospitality&nbsp;promotions and giveaways for Valorant&nbsp;and LoL Esports fans.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;re happy to welcome <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> as an official partner for LoL Esports and VALORANT Esports global events! <a href="https://t.co/7GQ8gDC4Ms">https://t.co/7GQ8gDC4Ms</a>
&mdash; LoL Esports (@lolesports) <a href="https://twitter.com/lolesports/status/1919791736156475783?ref_src=twsrc%5Etfw">May 6, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/12/42490266/bitcoin-to-180000-ethereum-over-6000-solana-to-500-vanecks-2025-crypto-predictions" target="_blank" rel="noreferrer noopener">Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck&#8217;s 2025 Crypto Predictions</a>
Riot Games runs LoL esports leagues and the Valorant Champions Tour, selling corporate sponsorships, goods, and streaming rights for its leagues. The company is wholly owned by Chinese&nbsp;conglomerate&nbsp;Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).
Price Action:&nbsp; Shares of Coinbase were up 1.58% in after-hours trading after closing 1.26% lower at $196.89 during Tuesday&#8217;s regular trading session, 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>. The stock&#8217;s price has plummeted 20.70% year-to-date.
Meanwhile, Tencent shares rose 0.09% in after-hours trading after closing 1.47% higher at $64.89 on Tuesday.
COIN scored very high on growth score—a measure of a stock&#8217;s combined historical expansion in earnings and revenue across multiple time periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> will help you locate similar high-growth stocks for your portfolio.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="503" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png" alt="" class="wp-image-904738" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60.png 503w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/07010438/image-60-300x112.png 300w" sizes="(max-width: 503px) 100vw, 503px" /></figure>
Photo Courtesy: Camilo Concha On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

COIN

Coinbase Stock Trades Higher After-Hours Amid Partnership With League Of Legends, Valorant Developer Riot Games

As tensions rise over U.S. chip restrictions, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang warns that cutting off access to China's booming AI market could hurt not just the company, but American jobs and innovation.
What Happened: Speaking with CNBC on Tuesday, Huang addressed the company's <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">$5.5 billion write-off tied</a> to U.S. restrictions on chip sales to China, a critical market for artificial intelligence.
"The world's dynamic today. You've just got to stay agile," Huang said.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
He went on to add that China is projected to become a $50 billion AI market within the next two to three years and represents a huge opportunity.
"It would be a tremendous loss not to be able to address it as an American company. It&#8217;s going to bring back revenues. It&#8217;s going to bring back taxes. It&#8217;s going to create lots of jobs here in the United States," the Nvidia CEO stated.
Huang then said that the company will remain flexible and responsive to government policies, stating that it will support whatever is in the nation's best interest. "We'll stay agile and keep moving on."
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Why It's Important: Last week, it was reported that <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">Nvidia notified key Chinese clients</a> — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing new AI chip models specifically designed to meet U.S. export requirements.
Huang has also warned U.S. lawmakers that export restrictions on AI chips could be giving Huawei Technologies a <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">competitive advantage</a> in the global AI race.
<a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">Nvidia also criticized</a> AI startup Anthropic for pushing for tougher U.S. export limits on AI chips to China.
Price Action: On Tuesday, Nvidia shares slipped 0.25% during the regular hours, closing at $113.54. In the after-hours trading, it gained 0.85%, reaching $114.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nvidia also earned a strong growth score of 94.67% from Benzinga Edge Stock Rankings. <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</a> other top tech players like Alibaba and Tencent.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/06224937/Screenshot-2025-05-07-at-8.19.31%E2%80%AFAM.png" alt="" class="wp-image-904677" /></a></figure>
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Photo Courtesy: jamesonwu1972 on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia CEO Jensen Huang Says Losing Access To China's Potential $50 Billion AI Market Would Be A 'Tremendous Loss'

The Trump administration has <a target="_blank" href="https://www.benzinga.com/topic/nvidia" rel="noreferrer noopener">intensified semiconductor sanctions</a> on top of its tariff policies.
The U.S. plans to introduce a ruling to verify the location of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peer-made artificial intelligence chips to prevent their smuggling into China, Reuters reported on Monday.
Nvidia stock is trading lower after the report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44934100/analyst-sticks-with-nvidia-despite-fallout-from-china-curbs" rel="noreferrer noopener">Analyst Sticks With Nvidia Despite Fallout From China Curbs</a>
The Biden administration had already restricted China&#8217;s access to sophisticated semiconductor technology, including AI, citing national security threats.
Nvidia&#8217;s chips are critical to creating AI systems, including chatbots and image generators, to ones that can help craft biological weapons.
Reports have often indicated Nvidia AI chips flowing into China via illegal routes, and Nvidia has publicly acknowledged its failure to track its products&nbsp;after sales.
U.S. Representative Bill Foster, a Democrat from Illinois, plans to introduce a bill that would direct U.S. regulators to forge rules for tracking chips to ensure they remain in their legal location.
Reportedly, Chinese AI startup DeepSeek, whose AI systems posed a strong challenge to U.S. systems, were built with advanced Nvidia chips, Reuters cited SemiAnalysis.
Alphabet Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Google already tracks the location of its in-house AI chips and others for security purposes, Reuters cited unnamed sources familiar with the matter.
Foster&#8217;s legislation would give the U.S. Department of Commerce six months to develop laws requiring the technology.
Reportedly, <a target="_blank" href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions" rel="noreferrer noopener">Chinese tech giants</a>, including ByteDance, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), hoarded billions of dollars worth of&nbsp;Nvidia&#8217;s H20 AI chips amid U.S. sanctions.
They aimed to snap up 1 million H20s before the latest U.S. semiconductor sanctions kicked in. The companies&nbsp;reportedly placed over&nbsp;$16 billion in orders for the quarter.&nbsp;
Nvidia has bagged $18 billion of H20 orders since 2025 beginning. China has generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Price Actions: NVDA stock is down by 1.31% at $113.01 at the last check on Monday.
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Image Via Shutterstock

Nvidia's New Challenge: US Lawmaker Wants Company To Track Its Chips To Avoid Smuggling In China

President&nbsp;Donald Trump&nbsp;is expected to soon sign into law the "Take It Down Act," a sweeping bipartisan measure that targets the spread of nonconsensual, sexually&nbsp;explicit <a target="_blank" href="https://www.benzinga.com/media/25/04/45057271/donald-trump-set-to-sign-landmark-take-it-down-act-as-congress-targets-deepfake-images-and-videos" rel="noreferrer noopener">deepfake images&nbsp;and videos online</a>.
Trump&nbsp;will provide some relief to U.S. manufacturers by reportedly easing some duties imposed on foreign parts in<a target="_blank" href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report" rel="noreferrer noopener"> domestically manufactured vehicles</a>.
Republicans in the U.S. House of Representatives advanced a reform proposed by Rep.&nbsp;Sam Graves&nbsp;(R-MO), which tabled a <a target="_blank" href="https://www.benzinga.com/25/05/45127530/house-republicans-advance-rep-sam-gravess-proposal-to-charge-250-annual-fee-on-evs-report" rel="noreferrer noopener">$250 annual fee on all EVs</a>.
Earnings Results
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported first-quarter revenue of $42.31 billion, beating analyst estimates of $41.39 billion and earnings of $6.43 per share, easily beating <a href="https://www.benzinga.com/news/earnings/25/04/45117948/meta-q1-earnings-eps-beat-revenue-up-16-ai-approaches-1-billion-monthly-actives-capital-expenditures-forecast-raised" target="_blank" rel="noreferrer noopener">analyst estimates of $5.21 per share</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal second-quarter revenue of $95.36 billion, beating analyst&nbsp;estimates of $94.53 billion and earnings of $1.65 per share, beating analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more" rel="noreferrer noopener">estimates of $1.63 per share</a>.
Smartphones &amp; Applications
Apple is reportedly considering a shift of iPhone assembly to India. However, a renowned analyst has expressed skepticism about the potential effectiveness of this move in mitigating <a target="_blank" href="https://www.benzinga.com/25/04/45032214/analyst-questions-apples-reported-iphone-shift-to-india-amid-china-tariff-pressures-doesnt-solve-all-the-problems" rel="noreferrer noopener">the impact of China tariffs</a>.
Apple CEO Tim Cook said that the tech giant expects a $900 million cost impact in <a href="https://www.benzinga.com/tech/25/05/45156890/apple-ceo-tim-cook-warns-of-900-million-tariff-impact-in-june-quarter-expects-majority-of-iphones-sold-in-us-to-be-made-in-india" target="_blank" rel="noreferrer noopener">the June quarter due to tariffs</a>.
As Washington cranks up&nbsp;the tariff pressure,&nbsp;Apple&nbsp;may have already played its smartest card: doubling down on India for assembly and investing <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/45039357/apples-india-game-plan-looks-smarter-as-tariff-heat-rises-analyst-highlights-4-stocks-that-could-benefit" rel="noreferrer noopener">deeper into U.S. component suppliers</a>.
U.S. District Judge&nbsp;Yvonne Gonzalez Rogers&nbsp;found&nbsp;Apple and one of its top executives in contempt of court, accusing them of deliberately evading a 2021 injunction meant to curb the&nbsp;tech giant&#8217;s <a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">control&nbsp;over&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">App Store</a><a target="_blank" href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" rel="noreferrer noopener">&nbsp;payments</a>.
Following a U.S. court ruling that found&nbsp;Apple violated the spirit of an injunction against&nbsp;anti-steering practices,&nbsp;Epic Games, backed by&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring&nbsp;Fortnite&nbsp;back to the&nbsp;App Store&nbsp;if the tech giant <a target="_blank" href="https://www.benzinga.com/news/legal/25/04/45123864/apple-ordered-to-ease-app-store-rules-in-us-epic-games-ceo-tim-sweeney-proposes-peace-deal-saying-well-return-fortnite-and-drop-all-litigation-only-if" rel="noreferrer noopener">fulfills this one condition</a>.
Spotify Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) defended its $11.99 Premium plan while signaling that future price hikes could be <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/04/45090328/spotify-defends-11-99-price-tag-but-executive-says-raising-prices-is-now-part-of-our-toolbox-can-music-escape-the-inflation-gauntlet" rel="noreferrer noopener">part of its long-term strategy</a>.
Technology
Alibaba Group Holdings Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) introduced&nbsp;Qwen 3,&nbsp;its most advanced <a target="_blank" href="https://www.benzinga.com/25/04/45057716/alibabas-qwen-3-launch-takes-aim-at-deepseeks-disruption-and-baidus-ernie-turbo-models" rel="noreferrer noopener">artificial intelligence model yet.</a>
Meta&nbsp;has announced the launch of a standalone AI app that will compete with the likes of&nbsp;OpenAI's&nbsp;ChatGPT,&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">Google's</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45075691/meta-launches-ai-app-to-compete-with-chatgpt-gemini-grok" rel="noreferrer noopener">&nbsp;Gemini&nbsp;and xAI's Grok</a>.
Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO&nbsp;Sundar Pichai&nbsp;revealed ongoing talks with&nbsp;Apple to integrate the company&#8217;s Gemini AI into iPhones, amid federal regulators' push to rein in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">Google&#8217;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45128130/google-aims-for-gemini-ai-deal-with-apple-this-year-says-sundar-pichai-amid-dojs-bid-to-curb-search-monopoly" rel="noreferrer noopener">dominance in online search</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;told U.S. lawmakers that&nbsp;export restrictions on AI chips&nbsp;may be helping China&#8217;s&nbsp;Huawei Technologies&nbsp;gain a competitive foothold in the <a target="_blank" href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race" rel="noreferrer noopener">global artificial intelligence race</a>.
Automobiles &amp; Defense
Pershing Square&#8216;s&nbsp;Bill Ackman&nbsp;has hailed&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder&nbsp;Jeff Bezos-backed&nbsp;Slate Auto as the company recently <a target="_blank" href="https://www.benzinga.com/markets/25/04/45033046/bill-ackman-hails-jeff-bezos-backed-tesla-rival-slate-auto-says-it-will-be-a-big-success" rel="noreferrer noopener">revealed its $20,000 EV truck</a>.
Tesla&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chinese division is developing an affordable version of the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/04/45032179/tesla-reportedly-developing-a-cheaper-model-y-e80-variant-with-fewer-features-in-china" rel="noreferrer noopener">popular Model Y crossover SUV</a>.
Ross Gerber&nbsp;has called out&nbsp;Tesla&#8216;s&nbsp;rumored Model Y E80, which is slated to be a more affordable <a target="_blank" href="https://www.benzinga.com/25/04/45033764/tesla-bull-ross-gerber-slams-rumored-affordable-model-y-e80-just-4-wheels-and-you" rel="noreferrer noopener">version of the new Model Y</a>.
Tesla said that the company expects the first units of the Semi to enter <a target="_blank" href="https://www.benzinga.com/tech/25/04/45060435/teslas-first-batch-of-semi-trucks-to-roll-out-from-nevada-plant-by-late-2025-despite-disruption-from-trumps-145-tariffs" rel="noreferrer noopener">production by the end of the year.</a>
Tesla is ramping up the production of its Semi Truck as the company reportedly added over 1,000 Workers <a target="_blank" href="https://www.benzinga.com/tech/25/04/45092570/tesla-adds-1000-workers-at-nevada-gigafactory-to-fuel-elon-musks-semi-truck-ambitions-report" rel="noreferrer noopener">to its Nevada Giga factory</a>.
Dan Ives&nbsp;refuses to acknowledge&nbsp;Alphabet&#8216;s&nbsp;and&nbsp;Toyota Motor Corp&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) partnership&nbsp;as a threat to&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">Tesla</a><a target="_blank" href="https://www.benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement" rel="noreferrer noopener">&#8216;s&nbsp;Robotaxi ambitions</a>.
Elon Musk&#8216;s space-based internet service provider,&nbsp;Starlink, could reportedly face delays in its plans to expand into India <a target="_blank" href="https://www.benzinga.com/general/space/25/04/45037304/elon-musks-india-ambitions-face-regulatory-hurdles-amid-uncertainty-around-starlink-license-report" rel="noreferrer noopener">due to regulatory requirements</a>.
Future Fund&#8216;s noted investor,&nbsp;Gary Black, has raised questions over&nbsp;Tesla marketing strategy as&nbsp;Elon Musk&nbsp;says his brand can be the "most <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/45063886/elon-musk-wants-tesla-to-be-most-valuable-company-in-the-world-but-top-investor-doubts-ev-giants-rise-without-apple-style-marketing-strategy" rel="noreferrer noopener">valuable company" in the world</a>.&nbsp;
Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) has agreed to take over assets owned by&nbsp;Spirit Aerosystems Holdings Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) in a boost to the <a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">manufacturer&#8217;s acquisition by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">Boeing Co. </a><a target="_blank" href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition" rel="noreferrer noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)</a>.
Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) parent company of Dodge and Jeep, will debut a solid-state <a target="_blank" href="https://www.benzinga.com/tech/25/04/45061846/stellantis-announces-breakthrough-solid-state-battery-with-factorial-energy-company-says-technology-will-debut-in-2026-demo-fleet" rel="noreferrer noopener">battery in the Charger EV</a>.&nbsp;
Stellantis&nbsp;will reportedly move some of its production activities into the U.S. as the company grapples with <a target="_blank" href="https://www.benzinga.com/markets/25/05/45133236/chrysler-jeep-owner-stellantis-to-move-some-auto-production-into-the-us-to-avoid-tariffs" rel="noreferrer noopener">uncertainty caused by U.S. auto tariffs</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) recalled over 877,000 vehicles with the 6.2-liter V8 engine due to possible defects. The company has also issued a stop-sale <a target="_blank" href="https://www.benzinga.com/markets/25/04/45065511/general-motors-recalls-877000-trucks-and-suvs-due-to-faulty-engine" rel="noreferrer noopener">order for the affected models</a>.
Mercedes-Benz Group&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) pulled its 2025 earnings guidance, citing uncertainty over U.S. <a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">Donald Trump</a><a target="_blank" href="https://www.benzinga.com/25/04/45095342/mercedes-benz-pulls-annual-earnings-guidance-as-sales-decline-and-tariff-uncertainty-looms" rel="noreferrer noopener">&#8216;s tariffs</a>.
As Chinese EV giant&nbsp;BYD Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is gearing up to expand its presence in Europe, satellite images show the company&#8217;s facility in <a target="_blank" href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight" rel="noreferrer noopener">Hungary taking shape</a>.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has announced it will delay the planned hike in prices for its vehicles until it sees how the<a target="_blank" href="https://www.benzinga.com/25/05/45129156/jim-farley-says-ford-will-delay-price-hike-to-see-how-competitors-react-to-tariffs-extends-employee-pricing-through-july" rel="noreferrer noopener"> competitors respond to auto tariffs</a>.
Artificial Intelligence (AI)
Mark Zuckerberg said that&nbsp;Meta&#8217;s artificial intelligence future will cater to both billions of free users and a group willing to pay <a target="_blank" href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price" rel="noreferrer noopener">big for powerful digital agents</a>.
Meta CEO&nbsp;Mark Zuckerberg&nbsp;predicts that the future of AI won&#8217;t follow the "winner takes most" model seen <a target="_blank" href="https://www.benzinga.com/tech/25/05/45125414/mark-zuckerberg-doesnt-believe-that-ai-market-will-follow-searchs-winner-takes-most-model-meta-ceo-predicts-multiple-specialized-ais-for-work-and-play" rel="noreferrer noopener">in the search engine industry</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;acknowledged that the last few updates to the&nbsp;GPT-4o&nbsp;model made its personality <a target="_blank" href="https://www.benzinga.com/25/04/45030694/openai-ceo-sam-altman-says-gpt-4o-personality-tweaks-made-it-annoying-fixes-coming-this-week" rel="noreferrer noopener">"too sycophant-y and annoying."</a>
OpenAI&nbsp;unveiled an upgrade to&nbsp;ChatGPT&#8217;s&nbsp;search functionality, enabling users to browse and shop for <a target="_blank" href="https://www.benzinga.com/25/04/45058959/openai-launches-ad-free-shopping-search-in-chatgpt-heres-how-it-works" rel="noreferrer noopener">products directly within the chatbot</a>.
Geoffrey Hinton, known as the "Godfather of AI," has joined a growing chorus of experts and former employees urging regulators to block&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/tech/25/04/45060194/godfather-of-ai-geoffrey-hinton-backs-elon-musk-in-fight-against-openais-restructuring-id-like-to-stop-them-from-completely-gutting-it" rel="noreferrer noopener">&nbsp;controversial&nbsp;restructuring plans</a>.

Large Cap

BYDDF

EADSF

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

SPOT

STLA

Consumer Tech News (Apr 28-May 2): Trump May Ease Auto Part Tariffs,  House Republicans Tabled $250 Charge On EV & More

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is reportedly developing redesigned artificial intelligence chips for major Chinese tech firms after warning that tightened U.S. export restrictions on its H20 chip could <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">lead to multibillion-dollar losses</a>.
What Happened: Nvidia has informed key Chinese customers — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is working on new AI chip designs tailored to comply with U.S. export regulations, reported Reuters, <a href="https://www.theinformation.com/articles/nvidia-working-china-tailored-chips-u-s-export-ban">citing</a> The Information on Friday.
Nvidia CEO Jensen Huang discussed the new plans with customers during a mid-April trip to Beijing, the report noted, citing three people involved in the conversation. This was shortly after the company disclosed that the export restrictions could result in a $5.5 billion revenue hit.
A prototype of the redesigned chip could be ready as early as June, the report said. Additionally, Nvidia is said to be developing a China-specific version of its Blackwell AI chip.
See Also: <a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
Why It's Important: Earlier this week, Brian Colello, equity strategist at Morningstar, voiced a <a href="https://www.benzinga.com/25/04/45092827/nvidia-to-face-significant-market-loss-in-china-amid-huaweis-ai-chip-development-says-analyst-its-pretty-much-game-over-for-nvidia-in-china">pessimistic view of Nvidia's</a> business outlook in China but remained optimistic about the company's performance in developed markets.
Colello pointed to rising competition from Huawei as a major challenge, saying, "I think it's pretty much game over for Nvidia in China."
On Thursday, Nvidia CEO Jensen Huang told U.S. lawmakers that <a href="https://www.benzinga.com/25/05/45157365/nvidia-ceo-jensen-huang-warns-us-lawmakers-that-export-bans-are-backfiring-fueling-huaweis-rise-in-global-ai-chip-race">restrictions on exporting AI chips</a> could be giving China's Huawei Technologies an edge in the global race for AI dominance.
On the same day, Nvidia also took aim at AI startup Anthropic for <a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">advocating stricter U.S. export controls</a> on AI chips to China.
Price Action: On Friday, Nvidia shares climbed 2.59%, ending the day at $114.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga Edge Stock Rankings awarded Nvidia an impressive growth score of 94.84%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other leading tech firms</a> like Alibaba and Tencent.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</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: epha1st0s/Shutterstock

Nvidia Reportedly Designing New AI Chips For Alibaba, ByteDance, Tencent After Jensen Huang-Led Company Warned US Export Ban On H20 Could Cost $5.5 Billion

In the face of growing macroeconomic uncertainties and new indications of economic slowdown, investors are increasingly directing their attention out of U.S. shores. 
The first half of 2025 witnessed <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45098824/tariffs-hit-hard-as-us-economy-shrinks-for-first-time-since-2022">U.S. gross domestic product (GDP) contracted by 0.3%</a>, a violent turnabout of the 2.4% expansion recorded for the last quarter of 2024. It is the initial economic downturn since 2022, and that bodes a possible turbulence for the future.
Adding to the decline are rising tariff tensions, which remain roiling market sentiment. Under such conditions, diversification on a global scale is no longer a nicety—it is becoming a requirement. Global ETFs are becoming increasingly attractive vehicles for investors who want to achieve growth and protection from home economic headwinds. Three of these <a href="https://www.benzinga.com/etfs">ETFs are gaining increased attention</a> below:
Avantis International Large Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>) 
<ul>
<li>YTD performance: +12.4% </li>
<li>The Avantis International Large Cap Value ETF has gained terrific momentum over the past few weeks. With more than $67 million in April alone (per FactSet data cited by VettaFi), AVIV&#8217;s draw is its value-oriented strategy towards non-U.S. large-cap stocks. The <a href="https://www.avantisinvestors.com/avantis-investments/avantis-international-large-cap-value-etf/">fund </a>targets strong-fundamentally positioned names with long-term growth potential, thus offering a mix of defensive exposure and upside.</li>
<li>AVIV&#8217;s value bias provides a timely benefit. When U.S. expansion weakens and valuation risks mount domestically, investors are seeking out more affordable equities outside the country. Not only does this strategy offer a plausible safe haven but also it fits with overarching themes of long-term capital appreciation.</li>
</ul>
Vanguard FTSE Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VWO#NYSE">VWO</a>)
<ul>
<li>YTD performance: +3.2%</li>
<li>For investors looking for targeted exposure to the world&#8217;s fastest-growing economies, the Vanguard FTSE Emerging Markets ETF is a compelling choice. VWO is <a href="https://investor.vanguard.com/investment-products/etfs/profile/vwo#portfolio-composition">concentrated </a>in the stocks of countries such as China, India, Brazil, and Taiwan—markets typically underweight in more general international ETFs. Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Tencent (OTCPK: TCEHY), Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) are among its largest holdings.</li>
<li>With supply chains around the world reshaping themselves and growth potential shifting eastward, VWO leverages the long-term structural ascendancy of emerging markets.</li>
<li>Even though the near-term volatility associated with these markets is a challenge, VWO provides diversification away from developed economies that are currently facing growth stagnation and policy uncertainty. It&#8217;s a compelling option for those willing to take a slightly higher risk and have a long time horizon.</li>
</ul>
Vanguard Total International Stock ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VXUS#NASDAQ">VXUS</a>)
<ul>
<li>YTD performance: +8.6%</li>
<li>The Vanguard Total International Stock ETF is another vehicle that has benefited from investors&#8217; demand for international equity exposure. In contrast with its U.S.-oriented cousin, the Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>), which declined more than 4% this year thus far, VXUS rose close to 9%, indicating rising confidence in overseas markets.</li>
<li>VXUS <a href="https://investor.vanguard.com/investment-products/etfs/profile/vxus">offers </a>exposure to thousands of stocks in non-U.S. developed and emerging markets. It&#8217;s a sound option for those seeking to diminish U.S.-specific risk without crossing into niche or high-fee territory. With economic expansion gaining momentum in a number of international economies, VXUS offers a simple, broad-market bet on global rebound.</li>
</ul>
What&#8217;s Next: With economic uncertainty fermenting and policy uncertainty hanging over the domestic horizon, the attraction of international ETFs will rise. Although no investment is risk-free, these funds do represent a level of diversification that can act as ballast in rough seas. Whether it&#8217;s valuation fear, macro headwinds, or plain old diversification strategy, the trend towards international exposure is less of a trend—and more of a necessary strategic realignment.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/05/45143330/ai-hypersonics-24-billion-market-portfolio-manager-gives-a-peek-inside-gcads-bet-on-drone-warfar"> AI, Hypersonics, $24 Billion Market: Portfolio Manager Gives A Peek Inside GCAD&#8217;s Bet On Drone Warfare Dominance</a></li>
</ul>
Image: Shutterstock

Broad U.S. Equity ETFs

AVIV

VXUS

3 Global ETFs Taking Off As US Economy Falters

Following a U.S. court ruling that found Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) violated the spirit of an injunction against <a href="https://www.benzinga.com/general/gaming/24/08/40423388/epic-games-mobile-store-goes-live-in-europe-ceo-says-apple-had-to-be-challenged">anti-steering practices</a>, Epic Games, backed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring Fortnite back to the App Store if the tech giant fulfills this one condition.
What Happened: On Wednesday, Judge Yvonne Gonzalez Rogers ordered Apple to cease collecting commissions on purchases made outside its App Store and to stop blocking developers from linking to alternative payment methods, <a href="https://appleinsider.com/articles/25/05/01/fortnite-could-return-to-apple-app-store-if-apple-accepts-epic-peace-proposal">reported</a> AppleInsider.
Epic Games CEO Tim Sweeney extended a striking offer to Apple via X after the court decision.
See Also: <a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price">Meta CEO Mark Zuckerberg Says AI Won&#8217;t Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a>
&#8220;If Apple extends the court&#8217;s friction-free, Apple-tax-free framework worldwide, we&#8217;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic,&#8221; he stated.
<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">We will return Fortnite to the US iOS App Store next week. Epic puts forth a peace proposal: If Apple extends the court&#39;s friction-free, Apple-tax-free framework worldwide, we&#39;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic. <a href="https://t.co/bIRTePm0Tv">https://t.co/bIRTePm0Tv</a>
&mdash; Tim Sweeney (@TimSweeneyEpic) <a href="https://twitter.com/TimSweeneyEpic/status/1917716512347152499?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It's Important: To meet Epic's conditions, Apple would need to stop earning revenue from any purchases made outside the App Store worldwide and lift its restrictions on external payment links, the report said.
Doing so could lead to a noticeable reduction in Apple's lucrative commission income. Fortnite would be free to download, and Apple would receive no revenue from it beyond the standard $100 annual developer fee.
On Thursday, Apple could post <a href="https://www.benzinga.com/25/04/45117801/apple-q2-earnings-preview-analysts-remain-bullish-with-caution-of-tariff-tornado-hitting-iphone">stronger-than-expected results</a> for its iPhone business and performance in China when it releases its second-quarter earnings. Wall Street expects the tech giant to report $94.42 billion in revenue for the quarter, up from $90.75 billion during the same period last year.
Price Action: Apple shares have fallen 12.86% year-to-date in 2025 but are still up 24.76% over the past 12 months. On Wednesday, the stock rose 0.61% during regular trading but slipped 1.65% after hours, closing at $209, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
In Benzinga Edge's Stock Rankings, Apple earns a growth score of 44.64% and a momentum score of 74.99%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top tech stocks</a>.
Photo Courtesy: Tada Images on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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