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META

Meta Platforms Inc. CEO Mark Zuckerberg showcased the capabilities of Meta's Ray-Ban Smart Glasses in a series of videos. He demonstrated various features such as asking the AI for historical information, making humorous requests, and identifying objects. The glasses, released in September last year, are equipped with Meta AI and offer functionalities like taking calls, playing music, live streaming, and searching for objects. They are aimed at replacing headphones with a personal audio system and focus on camera functionality.

Portfolio Pulse from Ananya Gairola

March 12, 2024 | 8:04 am

META

Jefferies analyst Brent Thill contradicts Trump's negative view on Meta Platforms Inc (NASDAQ:META), advocating buying the stock amidst its recent drop. Despite Trump's criticism, Thill highlights Facebook's value to small businesses and predicts a 40-50% increase in ad spend. Meta's shares fell over 4% following Trump's comments but are up 37% this year. Thill maintains a buy rating with a 12-month target of $550, a 14% gain.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 8:00 am

HYZN

Hyzon Motors has launched a 200kW single stack fuel cell system and powertrain, integrated into a vehicle termed the Hyzon 200kW Prime Mover, aimed at providing zero-emissions alternatives for long-haul operators in Australia. This U.S. developed technology, unveiled at the Kangan Institute's Automotive Centre of Excellence in Melbourne, offers a smaller, lighter, and more fuel-efficient option for global applications.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:36 am

AMD

AMD CEO Lisa Su highlighted AI as the 'most important' technology of the last 50 years, emphasizing its potential for growth and AMD's efforts to capture market share through cloud and edge computing partnerships and AI-powered PCs. Su anticipates 'tremendous growth' in AI over the next three to five years, aiming to make AI accessible to everyone through a range of products.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 9:13 pm

RUM

Rumble has publicly launched Rumble Cloud, aiming to offer businesses an alternative to incumbent hyperscalers by providing fair pricing, avoiding vendor lock-in, and ensuring freedom from censorship.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:07 pm

DIS

FOX

PARA

WBD

XLC

'Oppenheimer' dominated the 2024 Academy Awards, winning seven Oscars, including Best Picture. 'Poor Things' won three awards, with Emma Stone receiving Best Actress. Paramount Global, Warner Bros Discovery, Fox Corp, and Walt Disney Co saw stock gains post-awards, while the Communication Services Select Sector SPDR Fund remained flat.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 8:48 pm

AAPL

Apple is testing an AI-powered advertising product akin to Google's Performance Max, aiming to enhance its $7 billion advertising business. This move could significantly impact Apple's revenue stream and position in the digital advertising market.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:46 pm

JFBR

MESO

PIK

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

YMM

ZTO

Full Truck Alliance (NYSE:YMM) reported a 25.3% revenue increase and tripled net income in Q4 last year, driven by strong investment income and new user growth. Despite a challenging environment, the company plans to continue its aggressive sales and marketing spending, which accelerated to 49.8% in the fourth quarter. This strategy has led to mixed investor reactions, with a 5.3% share price drop followed by a recovery. The company's P/S ratio is significantly higher than traditional logistics companies, reflecting investor confidence in its asset-light approach. However, its stock price has trended downward since its IPO. Full Truck Alliance's user growth outperformed many Chinese internet companies, with monthly active shippers increasing by 18.7%. The company's profits rose, benefiting from innovative technologies that enhance pricing and transaction efficiency. Despite competitive pressures, Full Truck Alliance intends to continue investing heavily in user acquisition and expects revenue growth to continue in the current quarter.

Portfolio Pulse from The Bamboo Works

March 11, 2024 | 5:19 pm

AMC

AMC Theatres announced the expansion of its grocery store popcorn distribution to include Publix, Kroger, and Amazon.com, more than doubling its retail outlets. This move comes after a successful nationwide rollout to over 2,700 Walmart stores. The expansion includes AMC Theatres Microwave Popcorn and Ready-To-Eat Popcorn varieties, now available in several flavors at these new retail locations and online. The decision is based on strong consumer demand for AMC's popcorn products.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:10 pm