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The Latest Breaking News from Benzinga

AMD CEO Lisa Su Says China Strategy Rebounding As MI308 AI Chips Await US License: 'Better Position Than We Were Ninety Days Ago'

Advanced Micro Devices Inc.'s (NASDAQ:AMD) Lisa Su said the company is making progress with U.S. regulators on AI chip export licenses to China and is preparing for eventual shipments of its MI308 GPUs.

Benzinga

AMD's Lisa Su Sees Path To 'Tens Of Billions' In AI Revenue, With MI400, Helios, Sovereign Demand Driving Long-Term Growth

Chipmaker Advanced Micro Devices Inc. (NASDAQ:AMD) is doubling down on its AI ambitions, with CEO Lisa Su highlighting multiple tailwinds supporting the company's long-term vision and seeing a clear path to scaling the segment to “tens of billions of dollars in annual revenue.”

Benzinga

Trump Tariffs Challenge SMCI's AI Business, But Global Supply Chain Eases Blow After Weak Q4

Super Micro Computer Inc. (NASDAQ:SMCI) reported a challenging fourth quarter for fiscal year 2025, with management attributing a decline in earnings per share primarily to the impact of tariffs imposed by President Donald Trump.

Benzinga

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Elon Musk's xAI Made It First — Now Google, OpenAI, Anthropic Land Federal AI Gig

The U.S. Government has given the nod to AI tools from OpenAI, Google (NASDAQ:GOOG) (NASDAQ:GOOGL), and Anthropic, marking a significant milestone in the Trump administration’s drive to increase AI utilization in federal agencies.

Benzinga

Trump Threatens Pharma With Potential 250% Tariffs In 18 Months: 'We Want Pharmaceuticals Made In Our Country'

President Donald Trump has indicated the possibility of imposing tariffs on imported pharmaceuticals that could rise up to 250%, indicating the highest rate he has proposed so far.

Benzinga

OceanGate Titan Procedures 'Critically Flawed,' Says Coast Guard; CEO Could Have Faced Charges If He Survived

The Titan submersible disaster could have been prevented, the U.S. Coast Guard said Tuesday, faulting OceanGate and placing responsibility on CEO Stockton Rush for ignoring safety warnings, design flaws and crucial oversight, which are failures that, had he survived, may have led to criminal charges.

Benzinga

Mark Cuban 'Fully' Supports Trump-RFK 'Ultraprocessed' Junk Food Crackdown—SNAP Soda Ban Expands To 12 States

Billionaire investor Mark Cuban endorses the Trump administration’s Make America Healthy Again policy targeting the junk food market segment

Benzinga

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Shiba Inu's Next Leader To Be Picked In A US-Style Election, Says Shytoshi Kusama

Mysterious personality Shytoshi Kusama announced elections to appoint a new lead visionary for the decentralized Shiba Inu (CRYPTO: SHIB) ecosystem

Benzinga

Nvidia AI Chips Worth $28 Million Illegally Shipped To China, Two Chinese Citizens Charged In California Smuggling Case

Two Chinese nationals in California have been charged with smuggling millions of dollars’ worth of Nvidia Corporation (NASDAQ:NVDA) AI chips to China in violation of U.S. export controls, the Department of Justice announced Tuesday.

Benzinga

Elon Musk Says $150K Investment In Tesla 'Probably' Makes You A Millionaire

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk thinks investing $150,000 in the EV giant's stock could yield high returns for the investor.

Benzinga

OpenAI Targets Meta's Llama And DeepSeek's R1 With Laptop-Ready AI Reasoning Tools

On Tuesday, OpenAI released two new open-weight language models for the first time since GPT-2, as it aims to challenge rivals like DeepSeek and Meta Platforms, Inc. (NASDAQ:META) with AI tools that can run directly on laptops.

Benzinga

Kevin O'Leary Says People Are Wrong To Think That 'Likability' Matters: 'I'm Not Here To Make Friends, I'm Here To Win'

The renowned investor and television personality Kevin O'Leary is doubling down on his unapologetically blunt leadership style, arguing that success is built on execution, not popularity.

Benzinga

Nasdaq Dips Over 100 Points Following Economic Data: Investor Sentiment Declines, Fear & Greed Index Moves To 'Neutral' Zone

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index moved to the “Neutral” zone on Tuesday.

Benzinga

S&P 500 Primed For Correction, But It Comes With Major Buying Opportunity: Here's What Beth Kindig's Analysis Suggests

An analysis from Beth Kindig's I/O Fund suggests that while the SP 500 is likely overdue for a correction, this expected downturn will present an “exceptional buying opportunity” for investors.

Benzinga

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Peter Schiff Says Gold Outperformed Bitcoin, Michael Saylor's Strategy Since Trump's Win — Here Is The Bigger Picture

Bitcoin (CRYPTO: BTC) and its proxy stock Strategy Inc. (NASDAQ:MSTR) have underperformed gold since President Donald Trump’s victory in November of last year, economist Peter Schiff highlighted on Tuesday.

Benzinga

Tesla Isn't The Only Company To 'Master Unsupervised Autonomy,' Says Gary Black: Predicts Uber Partnerships Will Bring Robotaxis To Its Platform

Future Fund LLC's managing director, Gary Black, says that Tesla Inc. (NASDAQ:TSLA) isn't the only company that can make progress in unsupervised autonomous driving.

Benzinga

Nikki Haley Rips Trump Tariff On 'Strong Ally' India Over Russian Oil Purchase While 'Adversary' China Gets 90-Day Tariff Pause

Former Republican presidential contender Nikki Haley criticized President Donald Trump‘s tariff approach on Tuesday, questioning why India faces penalties over Russian oil purchases while China received a 90-day tariff pause.

Benzinga

Flywire Stock Jumps 24.08% After Strong Q2 Earnings

Flywire Corporation (NASDAQ:FLYW) stock surged 24.08%, to $12.88 after-hours on Tuesday after releasing second-quarter results.

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Benzinga

Lucid Loses $82K Per EV, Rivian Warns Trump Tariffs May Add 'Couple Thousand Dollars' To Costs—LCID, RIVN Stocks Fall

All-electric automakers Lucid Group Inc. (NASDAQ:LCID) and Rivian Technologies Inc. (NASDAQ:RIVN) held their second-quarter earnings calls, sharing key insights into the performance of both companies with investors.

Benzinga

Snap Stock Plunges Over 14% After Hours As CEO Evan Spiegel Says Engagement Shifted From Stories To Content Sharing

Snap Inc. (NYSE:SNAP) shares tumbled over 14% in after-hours trading after the company reported second-quarter results on Tuesday and CEO Evan Spiegel addressed a slowdown in U.S. user engagement and a shift in how people interact on Snapchat.

Benzinga

Ray Dalio Warns US Dollar Devaluation May Trigger Gold Standard Comeback: 'History Shows Us That…'

Billionaire investor Ray Dalio has raised concerns about the long-term stability of the U.S. dollar, pointing to historical cycles that could lead the country back to a gold-backed currency.

Benzinga

Elizabeth Warren Says Trump Firing BLS Chief 'Dangerous' For The Economy: 'If The Facts Don't Fit His Story, He'll Try To Erase Them'

Sen. Elizabeth Warren (D-Mass.) on Tuesday called President Donald Trump's decision to fire the head of the Bureau of Labor Statistics "dangerous," warning the move risks undermining faith in the government's jobs numbers after a weak July report.

Benzinga

Tom Lee Believes Strategy Could Become The Biggest Company If Bitcoin Hits $1 Million: Michael Saylor Is 'Changing The Reality' Of The Stock Market

Financial analyst Tom Lee predicted Tuesday that Michael Saylor-led Strategy Inc. (NASDAQ:MSTR) could become the largest company in the stock market, especially if Bitcoin (CRYPTO: BTC) hits $1 million.

Benzinga

OpenAI Eyes Record $500 Billion Valuation In Employee Share Sale Amid AI Arms Race: Report

ChatGPT maker OpenAI is reportedly exploring a secondary stock sale that could value the artificial intelligence company at $500 billion, marking a significant jump from its current $300 billion valuation.

Benzinga

Small Cap Stocks See Record Outflows: $80 Billion Pulled In Historic 2025 Rout As Analyst Says — 'Hard To Keep Up With The Big Boys'

Investors have pulled out a record $80 billion from small-cap stocks so far in 2025, setting the stage for what could be the largest annual outflow in the history of this segment.

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