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FFND

META

TSLA

Gary Black of Future Fund criticized Tesla for accumulating a large cash reserve, suggesting it return some to shareholders through dividends or buybacks. Tesla's cash is predicted to reach $150B by 2030. Black highlighted that tech rivals, like Meta Platforms which recently initiated a dividend, are returning cash to shareholders, which could support Tesla's stock. He also mentioned a potential $50B buyback could increase Elon Musk's voting control. The Delaware Chancery Court nullified Musk's 2018 compensation plan, impacting future plans.

Portfolio Pulse from Shanthi Rexaline

February 18, 2024 | 8:40 pm

AMDI

Amphitrite Digital Inc (NASDAQ:AMDI) is scheduled for an IPO on Feb. 20, 2024, with a price range of $3.50 to $4.50 and an offering of 1,750,000 shares at $4.00 each. The article also explains the IPO process, including SEC requirements, the establishment of a price range, and the insider lock-up period.

Portfolio Pulse from Benzinga Insights

February 18, 2024 | 5:09 pm

AAPL

COIN

META

MSFT

NVDA

TSLA

This week in AI featured Elon Musk's critique of OpenAI, Apple's AI animation tool Keyframer, Nvidia surpassing Google and Amazon in market cap, Ark Invest's portfolio adjustments favoring Tesla and META, and Jim Chanos' caution on Nvidia. Musk criticized OpenAI's shift to a profit model and its partnership with Microsoft. Apple's Keyframer could revolutionize AI animation. Nvidia's H100 AI processor has driven its market value, while Ark Invest shifts its focus towards Tesla and META, reducing stakes in Coinbase and Nvidia. Chanos highlighted potential concerns for Nvidia despite its growth.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 8:08 am

COIN

ROKU

SOFI

Cathie Wood's Ark Invest purchased $107.5M worth of Roku shares following a 24% drop in its stock price due to disappointing Q4 user spending and Q1 guidance. Ark also increased its stake in SoFi Technologies but reduced its holdings in Robinhood and Coinbase, despite their recent rallies. Ark's ETFs, ARKK, AKRW, and ARKF, were the vehicles for these transactions. Analysts have lowered Roku's price targets, reflecting concerns over its growth and operating costs.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 5:59 pm

MSFT

OpenAI, the company behind ChatGPT, has been valued at $86 billion after finalizing an agreement allowing employees to sell their shares. The deal, led by Thrive Capital, comes after a delay due to the temporary ousting of CEO Sam Altman. OpenAI is considering raising new funding at a valuation over $100 billion and has secured $13 billion from Microsoft and others. The company's success with ChatGPT and new ventures like Sora, a text-to-video generator, highlight its rapid growth and potential to disrupt the tech industry.

Portfolio Pulse from Ananya Gairola

February 17, 2024 | 4:07 am

BTCUSD

META

NVDA

TSLA

Bitcoin surpassed $50,000, reaching a $1-trillion market valuation after SEC approval for a Bitcoin ETF. Nvidia outpaced Amazon and Alphabet, becoming the third-largest U.S. company. Inflation reports led to reassessment of Fed rate cuts, affecting tech stocks. AI investment is predicted to reach $1 trillion in 10 years, with Nvidia at the forefront. Tesla's stock may rise due to stable pricing and Full Self-Driving adoption. The top seven U.S. tech giants' stocks surged 140%, raising bubble concerns. Wealth migration to tax-favorable states is noted, and Zuckerberg praised Meta's Quest 3 over Apple's Vision Pro.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 9:29 pm

LSDI

Lucy Scientific Discovery has announced a 1-for-10 reverse stock split, effectively consolidating ten shares into one. This corporate action is typically undertaken to boost the stock's market price and comply with exchange listing requirements.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:07 pm

LXP

LXP Industrial Trust has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:07 pm

IEP

JBLU

Carl Icahn has acquired a 10% stake in JetBlue, securing two seats on the airline's board. This move is part of a settlement to avoid a proxy fight, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

DWAC

INTU

NNOX

SMCI

SOUN

Benzinga's Stock Whisper Index highlights five stocks: INTU, NNOX, DWAC, SOUN, and SMCI. INTU gains attention from Super Bowl ads and upcoming Q2 results. NNOX rises after Nvidia's stake disclosure and FDA clearance. DWAC surges with SEC's merger approval for Trump Media. SOUN soars with investments from BlackRock and Nvidia. SMCI's stock climbs due to AI demand, with analysts turning bullish.

Portfolio Pulse from Chris Katje

February 16, 2024 | 8:54 pm