Streetbeat News

Marketing

XIACF

Xiaomi Corp (OTC:XIACF) is targeting 20 million premium users in China with its new electric vehicle (EV), the SU7, set to be unveiled at the Mobile World Congress in Barcelona. The company is exploring various price points for the SU7, which has a $10 billion development budget. Despite comparisons to Porsche models and a competitive market, Xiaomi is confident in its ecosystem development and premiumization strategy. The company plans to start production of the SU7 soon, aiming to produce over 10,000 units by July.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 8:51 am

CEVA

Ceva has expanded its market reach by introducing the RivieraWaves UWB IP for FiRa 2.0 applications, featuring advanced interference cancellation. This expansion allows Ceva to extend beyond its traditional automotive and mobile markets into new areas such as smart home, smart factory, and other UWB navigation, detection, and remote control use cases.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:23 am

LI

Chinese EV companies are increasingly adopting extended-range electric vehicles (EREVs) to address concerns over electric range and charging infrastructure. IM Motors, a unit of SAIC Motor Corp, is introducing a gas engine in its new model with a 124-mile electric range. Li Auto Inc (NASDAQ:LI) has found success with EREVs, indicating strong market demand. Other companies like Avatr Technology, Leapmotor, and Neta Auto are also developing EREVs, which use a gas engine solely as a range extender, unlike hybrids that use both power sources to drive.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 5:03 am

SSNLF

Samsung Electronics Co. Ltd. (OTC:SSNLF) is set to unveil its Galaxy Ring, a health-focused wearable, at MWC 2024. This announcement comes amid buzz around Apple's smart ring concept. The Galaxy Ring is part of Samsung's strategy to enhance health features across its devices, including the integration of Galaxy AI for smarter living. The unveiling at MWC 2024 marks Samsung's commitment to the health tech sector, positioning it as a competitor against companies like Apple and Alphabet Inc. in the health tech market.

Portfolio Pulse from Ananya Gairola

February 26, 2024 | 4:50 am

TSLA

Tesla Inc (NASDAQ:TSLA) is reportedly filming a new Model 3 variant in Spain, sparking discussions among enthusiasts on social media platform X about whether it is a Plaid or a Performance version. The filming in Valencia was captured by Tesla enthusiast Desmond Wisley, who shared videos of two vehicles, one in red and the other in solid black. Despite initial speculation of a Plaid variant, the badging on the vehicles suggests they are Ludicrous versions, an acceleration mode for Performance All-Wheel Drive Tesla vehicles. Tesla had unveiled a refreshed Model 3 in the U.S. in January, listing only rear-wheel drive and long-range variants, leading to speculation about the Performance variant's future. However, Tesla's head of Investor Relations confirmed the release of a refreshed Model 3 Performance variant in a communication to TV presenter James May.

Portfolio Pulse from Anan Ashraf

February 26, 2024 | 4:13 am

TSLA

A Tesla Inc executive confirmed the company's plans to sell its Cybertruck in Canada due to significant interest. The confirmation came from Rohan Patel, Tesla's VP of Public Policy and Business Development, via a post on X. The announcement follows Tesla's display of the Cybertruck at the Canadian auto show in Toronto. However, Tesla CEO Elon Musk has indicated challenges in launching the Cybertruck in China and Europe due to regulatory hurdles.

Portfolio Pulse from Anan Ashraf

February 26, 2024 | 3:19 am

AAPL

Apple Inc.'s Vision Pro, a high-end mixed reality headset, has been criticized for its high price by Meta CEO Mark Zuckerberg and others, despite its advanced technology. The device, priced at $3,499, features state-of-the-art components including a Sony Semiconductor display and Apple's M2 chip. Despite its technological advancements, some users have returned the device due to its design and weight. Zuckerberg praised the device's display but preferred Meta's Quest 3 for its value and overall performance.

Portfolio Pulse from Ananya Gairola

February 26, 2024 | 2:56 am

MSFT

Elon Musk criticized Microsoft for requiring a Microsoft account to use a new PC, implying it compromises user privacy by giving Microsoft AI access to the computer. He expressed frustration over the lack of an option to bypass account creation, a sentiment echoed by tech YouTuber Lex Fridman. Musk's concerns highlight ongoing tensions between him and Microsoft, especially regarding AI development and the relationship with OpenAI.

Portfolio Pulse from Ananya Gairola

February 26, 2024 | 1:31 am

BTC

ETH

NVDA

Ivan from Mad Crypto Money discusses the potential of gaming as the next big retail-driven bubble in crypto, citing crypto VC Andrew Kang's views. He also touches on the challenges of timing market cycles in crypto, the simplicity of investing strategies like DCA, and the emerging 'superbubble' of crypto and AI, highlighting Nvidia's role. Ivan suggests that the real opportunity lies in AI and crypto integration, advising readers to stay informed on new developments.

Portfolio Pulse from Ivan Crnogatić

February 25, 2024 | 11:19 pm

AAPL

Apple, Inc. (NASDAQ:AAPL) is exploring innovative wearable products including a smart ring and smart glasses, as reported by Bloomberg's Mark Gurman. These products aim to enhance Apple's ecosystem, with the smart ring focusing on health-tracking features and the smart glasses offering audio capabilities, AI, and camera functionalities for object identification. These developments are in the early stages, with the smart ring being a concept and the glasses in the exploratory phase. Gurman also mentioned the possibility of equipping AirPods with cameras and advanced AI. The introduction of these wearables could strengthen Apple's wearable device business, which currently represents 10% of the company's revenue.

Portfolio Pulse from Shanthi Rexaline

February 25, 2024 | 6:44 pm