Streetbeat News

Assets

XPEV

XPeng reported a significant increase in vehicle deliveries for Q4 2023, totaling 60,158 units, marking a 170.9% rise YoY. The company expanded its physical sales network to 500 stores across 181 cities and grew its self-operated charging station network to 1,108 stations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:04 am

ANSS

CDNS

NVDA

NVDL

SNPS

WISE

The value of AI-themed ETFs in the U.S. has surged to $6.88 billion, driven by Nvidia Corp's strong market performance. Nvidia's focus on AI chips has fueled investor interest, reminiscent of past booms in transformative technologies. The GraniteShares 2x Long NVDA Daily ETF and the Themes Generative Artificial Intelligence ETF have seen significant asset growth. Nvidia's recent product announcement, despite causing a stock dip, boosted shares of companies like Synopsys Inc, Cadence Design Systems Inc, and ANSYS Inc, which will use Nvidia's new processors.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 9:57 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares have surged in 2023, driven by AI interest, particularly from ChatGPT. However, a Bloomberg report highlights a speculative frenzy in Nvidia options, with a significant number of call contracts purchased, raising concerns of a potential bubble. The report notes retail investors' activity reminiscent of the 2021 meme-stock craze. Despite this, Nvidia's role as an AI industry leader is acknowledged, but its stock dipped slightly after the GTC 2024 keynote, suggesting a 'sell the news' reaction.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 9:27 am

BTCUSD

Bitcoin experienced a dramatic drop to $8,900 on BitMEX, diverging from its $67,400 average global price. The flash crash was followed by a swift recovery. Concerns over market exuberance after spot ETF approvals and a spike in futures market volatility were noted. Grayscale and Fidelity Bitcoin ETFs saw significant outflows, with a collective net outflow of $154.3 million for spot Bitcoin ETFs. BitMEX addressed the crash, attributing it to aggressive selling by a few accounts but assured that all systems were normal and funds safe.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 9:21 am

DOGEUSD

SHIBUSD

SOL

Andrew Tate, a controversial figure, shared his success in the DeFi market, claiming to have made $85M during the last bull run with a focus on innovative blockchain coins over meme coins. He highlighted the rise and fall of meme coins like Dogecoin, Shiba Inu, and Solana-based tokens, noting the significant impact on Solana's value. Despite his financial success, Tate criticized the societal value of cryptocurrencies and distanced himself from launching his own. Amidst this, he faces legal issues, with Romanian authorities seizing assets including 21 Bitcoins.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 8:15 am

COIN

MRNA

TWLO

Cathie Wood's Ark Invest sold shares of Coinbase (COIN) and Block Inc (SQ), despite recent cryptocurrency market highs. Ark offloaded $7.3 million worth of Coinbase shares through ARKK and $8.95 million in Block shares through ARKK and ARKW. The sales occurred amidst a backdrop of Bitcoin and Ethereum's price adjustments after a period of significant gains. Additionally, Ark Invest made other key trades, including purchasing Moderna (MRNA) shares, selling Twilio (TWLO) shares, and increasing its stake in Unity Software (U).

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 5:23 am

BBJP

DXJ

EWJ

Japan's Industrial Production for January decreased by 6.7%, which is less than the estimated 7.5% decrease. This follows a prior increase of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 4:48 am

BTCUSD

DOGEUSD

ETHUSD

FTMUSD

Major cryptocurrencies showed mixed performance with Bitcoin and Ethereum experiencing declines, while Dogecoin and others like Fantom saw gains. The decrease in Bitcoin's price is attributed to concerns over an overheated market following spot ETF approvals and a pre-halving drawdown. Spot Bitcoin ETFs saw record inflows, but a subsequent decrease in demand may lead to further price downturns. The stock market rose in anticipation of new Federal Reserve monetary policy guidance. Analysts caution against buying altcoins during rallies, suggesting purchases when they are significantly down.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 3:52 am

ATOMUSD

DOTUSD

SOLUSD

The article discusses the potential of high-yield crypto staking options in the altcoin space, highlighting Solana (SOL), Polkadot (DOT), and Cosmos Hub (ATOM) as promising investments for passive income generation and long-term wealth creation. It notes SOL's 170% appreciation in three months, DOT's 44% rise in the same period, and ATOM's high staking reward rate of 16.67%. The piece emphasizes the importance of a medium to long-term HODL strategy and the benefits of staking in DeFi liquidity pools.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 11:52 pm

KEY

KeyCorp has established a forward flow origination partnership with Blackstone Credit & Insurance, focusing on the SFL group. This partnership includes a transaction on a seed portfolio of middle market fund finance facilities, with KeyCorp continuing to originate, hold, and manage new commitments across various sectors.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 9:36 pm