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DOGE

SHIB

SOL

WIF

Dogwifhat (WIF), a meme coin on the Solana blockchain, surged 32% after Elon Musk tweeted a photo of his dog in a St. Patrick's Day hat, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). The tweet led to increased trading activity for meme coins on Solana, with WIF's volume hitting $568 million, surpassing BONK. DOGE and SHIB saw smaller gains of 3% and 8%, respectively.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:28 am

DOGEUSD

TSLA

Elon Musk humorously discussed the idea of creating the Texas Institute of Technology & Science (T.I.T.S) and an Advanced Social Studies department (A.S.S), with tuition potentially paid in Dogecoin (DOGE). The playful exchange took place during an X Spaces session with Professor Gad Saad and was shared by a Dogecoin enthusiast. Musk, known for blending humor with business, has previously influenced markets and public opinion with his social media interactions. This instance highlights his unconventional approach and the impact of CEOs' social media presence on corporate communication.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 3:58 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) has experienced a record 10-week winning streak in its stock performance, with anticipation building for its upcoming GPU Technology Conference (GTC) 2024. The event, featuring a keynote by CEO Jensen Huang, is expected to focus on Nvidia's AI ecosystem and product roadmap. Analyst Ruben Roy highlighted the company's rapid product development and the integration of software into system sales, contributing to increased revenues and margins. Nvidia's strategy to capture a significant share of the trillion-dollar total addressable market (TAM) for compute, by transitioning from general-purpose processors to GPUs and other accelerated compute forms, is also noted. Nvidia's stock has outperformed, being the second-best in the S&P 500 and the best in the Nasdaq 100 for the year-to-date.

Portfolio Pulse from Shanthi Rexaline

March 17, 2024 | 3:39 pm

TSLA

The weekend in the crypto world was eventful with Edward Snowden criticizing JPMorgan CEO Jamie Dimon's stance on Bitcoin, Elon Musk hinting at Tesla accepting Dogecoin, and various memecoins, including Toshi, experiencing significant market movements. Snowden's critique and Musk's comments have sparked discussions in the crypto community, while the performance of meme coins like Dogecoin and Shiba Inu has been mixed.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 1:00 pm

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

MSFT

NVDA

TSLA

This week in tech saw escalating tensions between Elon Musk and OpenAI, Edward Snowden's commentary on AI pessimism, and discussions on Nvidia's H100 GPU's impact on tech spending. Musk accused OpenAI of dishonesty and data theft, while tech experts and analysts weighed in on the potential game-changing nature of Nvidia's GPU and the competitive landscape of Tesla's Optimus project in light of new entrants powered by Microsoft-backed OpenAI.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 7:15 am

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

SHIBUSD

Shiba Inu (SHIB) experienced a 933% surge in burn rate and an 8% increase in daily active addresses, indicating heightened activity and interest in the meme coin. Two significant transactions contributed to the burn rate increase, while a transfer of 1 trillion SHIB tokens to GateIO spiked price volatility. The rise in large transactions suggests growing institutional interest. Additionally, SHIB short positions liquidation increased significantly, and the coin is ranked third in social interactions.

Portfolio Pulse from Khyathi Dalal

March 16, 2024 | 12:30 pm

TSLA

Elon Musk responded to reports of Don Lemon's extravagant demands for hosting a show on X (formerly Twitter) with sharp criticism. Demands included a Tesla Cybertruck, $5M cash, an equity stake in X, and more. Despite initial agreement, Musk found Lemon's interview performance dull and dismissed him. Lemon plans to post the interview on YouTube and X, despite the fallout.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 5:11 am

AMZN

Temu, owned by Pinduoduo Holdings, is shifting its strategy by inviting sellers with U.S.-based warehouses to join its platform, aiming to rival Amazon's delivery speeds. This move from shipping directly from China to utilizing U.S. warehouses is expected to reduce delivery times and allow for the sale of bulkier, more expensive items. Despite the interest from Amazon sellers, early adopters on Temu are mainly Chinese sellers with U.S. storage. This strategy positions Temu as a strong competitor against established e-commerce giants like Amazon.

Portfolio Pulse from Michael Cohen

March 15, 2024 | 9:30 pm