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The article discusses the historical significance of Microsoft's Windows 2.0, launched on Dec. 9, 1987, and its impact on Microsoft Corp.'s (NASDAQ:MSFT) stock value over the years. It highlights the growth of an initial $1,000 investment in Microsoft stock to $1,154,956 today, compared to much lower returns from the Nasdaq and S&P 500 indices. The article also touches on Microsoft's recent strategic moves, including a $13 billion investment in OpenAI and the $69 billion acquisition of Activision Blizzard, positioning the company in AI and gaming industries.

Portfolio Pulse from Rounak Jain

December 09, 2023 | 12:23 pm

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The U.S. stock market closed its sixth consecutive week of gains, with the S&P 500 reaching its highest level since January 2022. Market sentiment is influenced by anticipated Federal Reserve interest rate cuts in 2024, but strong labor market reports and consumer sentiment have slightly dampened the enthusiasm. The consumer discretionary sector outperformed, led by travel stocks, while the energy sector lagged due to declining oil prices. Alphabet's Google introduced Gemini, an AI challenger to OpenAI, while Apple plans a significant battery boost for the iPhone SE 4. The GTA 6 trailer set new records, and JPMorgan's CEO Jamie Dimon criticized Bitcoin and the crypto industry. AMD was chosen by Meta Platforms and Microsoft for AI chips, challenging Nvidia's dominance. Elon Musk criticized Disney's direction, and a survey pointed to public misunderstandings about the Biden administration's economic policies.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 10:09 pm

ACB

Ronan Levy, President of Safe Supply Streaming Co., discusses the potential mental health benefits of the coca plant and the company's role in supporting legal and regulated drug supply. Safe Supply, listed on the Canada and Frankfurt Stock Exchanges, invests in infrastructure for analyzing, manufacturing, and distributing psychoactive substances. Levy compares the current interest in the coca plant to the past interest in hemp and CBD, suggesting a similar trajectory for policy and industry development.

Portfolio Pulse from Lara Goldstein

December 08, 2023 | 8:46 pm

NIR

Near Intelligence, prior to its Chapter 11 bankruptcy filing, has entered into a 'Stalking Horse' asset purchase agreement with Blue Torch. Blue Torch will acquire substantially all assets of Near Intelligence through a credit-bid of not less than $50 million.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:43 pm

NIR

Near Intelligence, Inc. (NASDAQ:NIR), a data intelligence company, has filed for Chapter 11 bankruptcy and plans to sell its assets. The company secured up to $16 million in Debtor-in-Possession (DIP) financing from Blue Torch Finance LLC to maintain operations during the sale process. Near has entered into a 'stalking horse' asset purchase agreement with Blue Torch, with a credit-bid of not less than $50 million. The sale is subject to higher bids and court approval under Section 363 of the Bankruptcy Code.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:42 pm

Axos Financial has completed the acquisition of two performing commercial real estate loan portfolios from the Federal Deposit Insurance Corporation, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:18 pm

PLNHF

Planet 13 Holdings Inc. (OTC:PLNHF) has opened a new 4,000 sq. ft. cannabis dispensary in Waukegan, Illinois, as part of its retail expansion strategy. The store is designed to provide an immersive retail experience similar to the company's Las Vegas SuperStore. Located near a shopping and entertainment district, the dispensary is expected to attract customers from Chicago and Milwaukee. Planet 13 is also expanding in Florida with the acquisition of VidaCann, which will bring its total number of dispensaries in the state to 30. Despite these developments, PLNHF's stock was down 8.83% at $0.784 per share on Friday afternoon.

Portfolio Pulse from Joana Scopel

December 08, 2023 | 8:11 pm

TGAA

Target Global Acquisition I Corp. (NASDAQ:TGAA) has extended the deadline to complete its initial business combination to January 13, 2024. This extension, requested by Target Global Sponsor Ltd, is the fourth of six possible one-month extensions. The Sponsor will deposit $90,000 into the Company's trust account by December 11, 2023, as part of the extension agreement.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:31 pm

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New York regulators approved six medical cannabis companies to begin adult-use sales on Dec. 29. The companies include Columbia Care, Curaleaf, Etain (owned by Riv Capital), NYCANNA (owned by Acreage Holdings), PharmaCann, and Valley Agriceuticals (owned by Cresco Labs). They can set up recreational sales at up to three of their existing medical dispensaries, but currently, each is approved for one. Four other companies are eligible to apply for the recreational market, and Citiva (owned by iAnthus Capital) and Fiorello (owned by Green Thumb Industries) were approved for new medical-only dispensaries.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:02 pm

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US stocks rose on Friday due to positive economic data, with the economy adding more jobs than expected and consumer sentiment improving. The dollar rebounded and Treasury yields surged, affecting various sectors and ETFs. Paramount Global and Warner Bros Discovery saw stock increases due to takeover speculation, while Lululemon hit record highs after strong quarterly results. HashiCorp and RH stocks fell due to insider selling and poor earnings, respectively. Freeport-McMoRan and Southern Copper rose on China stimulus speculation, and Applied UV announced a reverse stock split. MBIA's stock soared after declaring a substantial cash dividend.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 7:01 pm