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NVDA

SSNLF

TSM

SK Hynix plans to invest $3.9 billion in a new facility in Indiana for mass-producing high-bandwidth memory chips, crucial for Nvidia's GPUs used in AI systems. The facility, expected to start production in 2028, highlights the U.S.'s growing role in semiconductor manufacturing, supported by the Biden administration and the Chips Act. Nvidia is likely the initial recipient of these chips, indicating a strategic advantage for its AI and GPU capabilities.

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 12:34 pm

F

Ford announced progress in the expansion of its Ohio Assembly Plant in Avon Lake, set to begin mid-decade. Additionally, construction is advancing at the BlueOval Battery Park in Michigan and the BlueOval SK joint venture battery plants in Tennessee and Kentucky. These developments are part of Ford's efforts to enhance its manufacturing capabilities and invest in electric vehicle (EV) production.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:33 pm

F

Ford has announced that equipment installation has begun at its Tennessee EV Center Assembly Plant at BlueOval City, with the aim of starting deliveries in 2026. This move signifies Ford's commitment to expanding its electric vehicle (EV) production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:32 pm

SPY

April's imports increased to $331.9 billion from $324.6 billion in the previous month, indicating a rise in goods and services entering the country.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:31 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading U.S.-based Bitcoin ATM operator, announced its expansion into Australia with plans to ship 125 Bitcoin ATMs to major cities in Q2 2024. This move follows its recent expansion into Puerto Rico and marks a significant step in its international growth strategy. The company aims to tap into Australia's growing demand for Bitcoin services, leveraging the country's population of 27 million and the current gap in the Bitcoin ATM market. Bitcoin Depot, which went public in 2023 and has been recognized by Forbes and Deloitte, now operates the largest fleet of Bitcoin ATMs in North America and sees this expansion as an opportunity to further its global presence.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm

BORR

Borr Drilling Limited has been notified of a temporary suspension of operations for its rig 'Arabia I' in Saudi Arabia, lasting up to 12 months, starting in Q2. The company plans to seek alternative engagement for the rig during this period.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:11 pm

IREN

IREN reported a significant increase in its mining revenue for March, totaling $23.7 million, which represents a 56% increase from February. This growth is attributed to an increased hashrate and a higher Bitcoin price.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:54 am

ARKB

FBTC

GBTC

IBIT

Bitcoin spot ETFs saw $113M in net inflows on Wednesday, with Fidelity's FBTC and BlackRock's IBIT experiencing significant investments, while Grayscale's GBTC continued its trend of net outflows, losing $75.14M. This indicates a shift in investor preferences within the Bitcoin ETF market.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 11:48 am

AER

AerCap Holdings N.V. (AER) reported significant activity in Q1 2024, including 82 new lease agreements, the purchase of 21 assets, and the sale of 49 assets. The company also repurchased 4.3 million shares for about $336 million and signed financing transactions worth approximately $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:13 am

ACHL

Achilles Therapeutics reported a Q4 EPS loss of $(0.46), missing the consensus estimate of $(0.14) by 228.57%. Despite this, their cash position of $131.5M is expected to support operations through 2025. This represents a 24.59% improvement over the previous year's $(0.61) per share loss.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:46 am