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AAPL

ROKU

TSLA

USO

Stock indices marked their eighth consecutive week of gains, with the S&P 500, Dow, and Nasdaq all rising. Inflation measured by the PCE index fell to 2.5% in November, the lowest since March 2021, prompting economists to reconsider the Fed's rate plans for 2024. Bullish views included predictions for Apple and Tesla, a potential Bitcoin ETF approval, and a Dogecoin rally. Bearish perspectives involved a drop in oil prices following Angola's OPEC exit, a predicted 75% fall in Ethereum, and a downgrade of Roku by Seaport Research Partners.

Portfolio Pulse from Michael Cohen

December 23, 2023 | 2:50 pm

GOOG

GOOGL

META

MSFT

NVDA

OpenAI, led by Sam Altman, is in early talks to raise funds at a valuation of at least $100 billion, a significant increase from its previous $90 billion valuation. Microsoft Corp. (NASDAQ:MSFT), a major investor with a 49% stake, has invested $13 billion in OpenAI. The AI startup's valuation has more than tripled in less than a year, potentially making it the second most valuable startup in the U.S. OpenAI is also allowing employees to sell shares at an $86 billion valuation and is seeking funds for a chip venture to compete with Nvidia Corp. (NASDAQ:NVDA). The interest in OpenAI has surged following the success of ChatGPT, with tech giants like Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) developing their own AI technologies.

Portfolio Pulse from Rounak Jain

December 23, 2023 | 2:06 am

LAND

Bill Gates, through Cascade Investment, owns approximately 242,000 acres of farmland across 19 states, making him the largest private owner of farmland in the U.S. In comparison, Gladstone Land Corp. (NASDAQ:LAND), a REIT specializing in farmland, owns about 116,000 acres across 15 states with a portfolio valued at $1.6 billion. Gates owns more than double the farmland of Gladstone.

Portfolio Pulse from Chris Bibey

December 23, 2023 | 1:00 am

SONN

Sonnet Biotherapeutics Holdings Inc has filed with the SEC to offer a mixed shelf of up to $100 million. This filing allows the company to issue various types of securities in one or more separate offerings over time.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:38 pm

GMRE

Global Medical REIT Inc has filed for a mixed shelf offering according to a recent SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:38 pm

COP

ConocoPhillips (NYSE:COP) has decided to proceed with the Willow project in Alaska, following a Final Investment Decision and support from the Department of the Interior and court orders. The project is expected to generate significant revenue and reduce U.S. dependence on foreign energy. It will create jobs and has been designed with environmental considerations and local community input.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

DSS

DSS, Inc. (NYSE: DSS) has announced a 1-for-20 reverse stock split effective January 4, 2024, to comply with NYSE American listing requirements. The split will trade on a post-split basis starting January 5, 2024. The reverse split aims to address the low share price issue and maintain the company's listing. All shareholders will be affected uniformly, and no fractional shares will be issued. Equiniti Trust Company, LLC will provide instructions for exchanging stock certificates.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

CCCC

Commodore Capital LP has filed a 13G form with the SEC, revealing a 7.7% passive stake in C4 Therapeutics as of December 14.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:28 pm

SCLX

Scilex Holding Co has filed with the SEC for a mixed shelf offering, allowing it to sell various types of securities up to a total of $500 million.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:25 pm

KNW

Know Labs Inc has filed with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $18 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:24 pm