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GOOG

GOOGL

TSLA

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) retains its title as America's Most Innovative Company for 2024 despite facing AI mishaps and internal criticism. CEO Sundar Pichai addresses the inaccuracies of the Gemini AI chatbot, amidst calls for his resignation. Apple and Microsoft are ranked second and third, respectively, in innovation. Alphabet's market capitalization stands at $1.906 trillion, with Bill Ackman expressing confidence in the company's investment potential despite AI challenges.

Portfolio Pulse from Ananya Gairola

April 07, 2024 | 12:21 pm

ADBE

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BABA

DIA

GDX

SPY

The US manufacturing sector reached an 18-month high in March 2024, driven by strong performances in the SPDR Dow Jones Industrial Average ETF (DIA) and the SPDR S&P 500 (SPY). China's manufacturing growth could lead to global deflation, benefiting Alibaba Group Holding (BABA) and the VanEck Gold Miners ETF (GDX). The US labor market saw significant growth, with companies like AstraZeneca (AZN) and Adobe (ADBE) contributing. Critiques were made against the Federal Reserve's data-dependent strategy, and warnings were issued about a potential US debt crisis by 2025.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 10:03 am

AAPL

AMZN

GOOGL

MSFT

TSLA

This week in tech, Apple Inc. outperformed OpenAI with its new AI model ReALM, Amazon faced scrutiny over its 'Just Walk Out' technology, Cathie Wood of Ark Invest showed strong support for Tesla, predicting a significant stock price increase, OpenAI is poaching Tesla engineers, and Dan Ives of Wedbush predicts a 15% tech stock rally in 2024, highlighting Alphabet Inc.'s potential.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 6:28 am

AAPL

MSFT

Apple Inc. (NASDAQ:AAPL) had a significant week with developments including unveiling a new AI model, ReALM, celebrating its 48th birthday, rumors about the iPhone 16 Pro, conducting layoffs, and releasing the iOS 17.5 beta update. The new AI model outperforms Microsoft Corp.-backed OpenAI's GPT-4, and the company plans a new titanium finish for the iPhone 16 Pro. Layoffs affected 121 people from the Siri annotation team.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 6:07 am

BRAG

Bragg Gaming Group Inc. announced the resignation of CFO Ronen Kannor, effective June 3, 2024. The company is now searching for a replacement. Kannor's tenure saw significant achievements including uplisting to the Toronto Stock Exchange, dual listing on NASDAQ, and completing two acquisitions, contributing to consecutive years of revenue, gross profit, and adjusted EBITDA growth.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:03 pm

RDCM

RADCOM Ltd. (NASDAQ:RDCM) announced the appointment of Mr. Hilik Itman as interim CEO, effective April 7, 2024, replacing Guy Shemesh who is stepping down due to personal reasons. Itman, previously COO and with 27 years at RADCOM, is tasked with leading the company during its search for a permanent CEO. The company aims to continue its focus on profitability and growth, maintaining the positive momentum of the past four years.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:08 pm

CBRG

Roger Lazarus, the CFO of Chain Bridge I, has resigned effective immediately, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:05 pm

AIR

AAR CORP. (NYSE:AIR) has initiated the expansion of its MRO facility in Oklahoma City, with the new facility expected to be operational by early 2026. This expansion, supported by a grant and rent concessions, aims to accommodate all 737 variants and is in line with a recently expanded maintenance commitment from Alaska Airlines. The project, which will create 200 additional full-time jobs, underscores AAR's growth and its collaboration with local and state entities, including the Oklahoma City Airport Trust.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:14 pm

SPY

Fed's Bowman anticipates further reductions in inflation within a robust economy, albeit at a slower pace this year. She notes the job market's strength partially stems from part-time workers and immigration. Additionally, Bowman advocates for cautious consideration regarding the enhancement of bank capital regulations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:40 pm

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TSLA

Workers at Mercedes Benz Group AG's Alabama factory petitioned for a UAW union election, aiming to file with the NLRB. The UAW claims over 5,000 workers support joining, with a vote expected by early May. Mercedes denies violating Germany's global supply chain law. The UAW's efforts extend to other non-union automakers like Hyundai, Toyota, Tesla, and Rivian, with UAW President Shawn Fain seeking to expand union representation. President Biden supports UAW's efforts. Volkswagen workers in Tennessee also seek a UAW vote.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 4:39 pm