Huawei turns to pig farming as smartphone sales fall - Yahoo Finance

Along with Artificial Intelligence (AI) tech for pig farmers, Huawei is also working with the coal mining industry.

Former US President Donald Trump claimed Huawei can share customer data with the Chinese government, allegations it has repeatedly denied.

"We can still survive even without relying on phone sales," Mr Ren said, adding that it is very unlikely the US will remove Huawei from a blacklist that bars companies from working with the Chinese tech firm.

On Thursday, the company’s shares extended losses for the sixth straight trading day as a stock lock-up period expired, freeing up 80% or 1.8 billion shares for sale.

Why It Matters: The selloff has attracted the attention of the online crowd who are further enthused by the loose association with Tesla Inc (NASDAQ: TSLA) CEO Elon Musk — who was a former business partner of Thiel, the Wall Street Journal reported.

What’s more, even what seems like minor share price appreciation can result in massive percentage gains.

To this end, Moussatos rates OBSV a Buy along with a $28 price target.

With a return potential of 342%, the stock’s consensus price target stands at $16.67.

Along with an Outperform rating, the analyst gives the stock an $8 price target.

This target conveys his confidence in BLU’s ability to surge ~116% in the next twelve months.

At $8.67, the average price target indicates ~134% upside potential.

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Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invested in Bitcoin (BTC) and not Dogecoin (DOGE) — a meme cryptocurrency often at the center of his tweets., What Happened: The entrepreneur was responding to a tweet that contained comments by Changpeng Zhao, CEO of Binance where the latter said while he was “surprised that Elon's so gung-ho on Dogecoin,” it was worth noting Tesla's actual investment came in Bitcoin.

Musk said Tesla's investments are not "directly reflective of my opinion." The Tesla CEO added that Bitcoin, which he describes as "simply a less dumb form of liquidity than cash," is "adventurous enough for an S&P500 company," let alone Dogecoin.

I don’t even own any publicly traded stock besides Tesla.

— Elon Musk (@elonmusk) February 19, 2021 Reflecting on his personal stance, Musk noted he is an "engineer" and not an "investor." “I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.

The key word is 'almost.'” Why It Matters: This month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future.

Musk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.” Comments on Twitter by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE.

Price Action: Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.

See Also: Elon Musk Asks 'Major Dogecoin Holders' To Sell Most Of Their Coins Photo courtesy: Forbes via Wikimedia See more from BenzingaClick here for options trades from BenzingaWhy DODO Cryptocurrency Has Skyrocketed 90% TodayRobinhood To Let Users Deposit, Withdraw Dogecoin And Other Cryptos: What That Means For Investors© 2021 Benzinga.com?

said in a statement.The cryptocurrency has captivated investors from billionaire Elon Musk to hedge-fund moguls including Alan Howard and Paul Tudor Jones.

Bitcoin ETF Could Be a Real Thing in 2021: QuickTakeIt’s unclear how much of the activity in BTCC will result in inflows for the fund, but the trading volumes were well above an ETF’s typical first day in Canada, according to Bloomberg Intelligence analyst James Seyffart.

Although too early to tell, ETF proponents argue that such a fund will trade without the massive premiums plaguing many current Bitcoin trusts in the U.S.“There’s sizable untapped interest for a Bitcoin investment that has the benefits of an ETF,” said Todd Rosenbluth, CFRA Research’s director of ETF research, adding it’s unlikely the fund will trade at a significant premium-to-net-asset-value.

Still, with the world’s largest digital trading near all-time highs and a change of leadership at the Securities and Exchange Commission, analysts say the prospect of a first American Bitcoin ETF appears to be rising.(Adds more context, current volume.)For more articles like this, please visit us at bloomberg.com