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Assets

NVDA

ESG fund managers express concerns over Nvidia's (NASDAQ:NVDA) valuation despite its significant stock surge, leading to a decrease in ESG funds holding Nvidia shares from 20% to 15%. Kristofer Barrett, a fund manager, remains optimistic long-term but cautious about the current valuation, hinting at a potential bubble. Despite these concerns, Nvidia's market value increased by 17% recently, with a nearly 80% rise in 2024. Analysts remain bullish, with none recommending to sell and most advising to buy.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 5:10 am

BTCUSD

Peter Schiff, a gold advocate, is encouraging Bitcoin holders to invest in his 'Golden Triumph' Ordinals collection, a limited series of digital art on the Bitcoin blockchain. Schiff highlights the exclusivity of his collection, which consists of 50 pieces, contrasting it with the 21 million Bitcoin. Despite initially high prices, the collection's floor price dropped over 57% from 0.7 BTC to 0.3 BTC. Schiff also criticized the reliance on Bitcoin ETFs, predicting a market crash influenced by ETFs despite Bitcoin's recent price increase.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 4:03 am

COIN

ROKU

SOFI

TSLA

Cathie Wood's Ark Invest sold $48.8 million worth of Coinbase (COIN) shares and bought over $11 million in Tesla (TSLA) shares, alongside significant purchases in SOFI Technologies (SOFI), Sea Ltd (SE), and ROKU Inc (ROKU). This move reflects Ark's strategy to capitalize on disruptive technologies and companies with significant growth potential, despite the recent surge in Bitcoin and the cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 3:20 am

AMD

CAT

CDNS

CEG

CRM

DELL

ENB

ETN

NOW

NVDA

SMCI

VRT

Jim Cramer has identified several companies and sectors poised to benefit from the AI revolution, including NVIDIA, Caterpillar, Eaton Corporation, Vertiv Holdings, Salesforce, ServiceNow, Constellation Energy, and Enbridge. He emphasizes the importance of AI in driving market rallies and highlights the computing power required for AI as central to the re-industrial revolution. Cramer also mentions alternative AI investments like Dell Technologies, Advanced Micro Devices, and Cadence Design Systems, while cautioning against the hype around certain AI stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:57 am

IBIT

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, attributed to massive inflows into U.S.-listed spot Bitcoin ETFs, particularly the BlackRock iShares Bitcoin ETF (IBIT), which saw a record $788 million in investments. The global cryptocurrency market cap increased by 0.49%. Federal Reserve Chair Jerome Powell hinted at a potential lowering of interest rates, influencing stock market gains. Analysts predict strong future performance for Ethereum and Bitcoin, highlighting the potential for Ethereum's all-time high post-EIP-1559 upgrade and a Spot ETH ETF approval.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 2:50 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki predicts Bitcoin (BTC) will reach $300,000 by 2024, citing its recent rally and the launch of spot Bitcoin ETFs as key drivers. Despite a 10% drop this week, Bitcoin has gained 55.83% since the start of 2024, largely due to the ETFs. Kiyosaki emphasizes the importance of investing in Bitcoin now, even with as little as $500.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 1:26 am

AAPL

NVDA

TSLA

Wall Street veteran Ed Yardeni highlighted vulnerabilities in Apple Inc. (AAPL) and Tesla Inc. (TSLA) among the Magnificent Seven stocks, citing concerns over China's economic slowdown and consumer purchasing patterns. Apple's significant revenue exposure to China and a drop in iPhone sales were noted. Yardeni contrasted this with Nvidia Corp. (NVDA), which is anticipated to benefit from the AI and semiconductor sectors' growth. He expressed a cautious outlook on the market, suggesting the Federal Reserve might not lower interest rates this year.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 10:26 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 1.7% increase in the past 24 hours, maintaining its top 10 market cap position. Lead developer Shytoshi Kusama hinted at upcoming Shiba Inu-themed services. A significant token burn of 177 million tokens, including a single transaction of 100.5 million tokens, coincides with the coin's price recovery. Technical analyst Javon Marks predicts a potential 120% price increase for SHIB. Increased transactions over $100,000 and new account registrations on Shibarium Scan suggest growing investor interest.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 10:13 pm

BENF

Beneficient has agreed to finance liquidity transactions for three separate funds managed by ff Venture Capital. This agreement could potentially increase the liquidity and financial flexibility of the funds managed by ff Venture Capital, enhancing their investment capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:04 pm

BENF

Beneficient (NASDAQ:BENF) has announced a new liquidity transaction with ff Venture Capital, involving the financing of liquidity transactions for three separate funds managed by ff Venture Capital. This deal, subject to shareholder approval, could increase Ben's loan portfolio collateral by up to $121.5 million. The transactions are expected to close in Q3 2024 and involve the issuance of Resettable Convertible Preferred Stock to limited partners participating in the deal. This move is part of Beneficient's broader strategy to provide liquidity solutions to the alternative asset market.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:02 pm