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ALCPF

This week's top economic news includes concerns among Japanese businesses about a potential Trump return, IRS targeting wealthy Americans for tax evasion, Taiwanese chip firms expanding in Japan due to US-China decoupling, Saudi Arabia's financial strains from development projects, and Indonesia's 'Swiftonomics' tourism strategy. Notably, Alchip Techs (OTC:ALCPF) is moving R&D from China to Japan amid semiconductor industry shifts.

Portfolio Pulse from Benzinga Neuro

February 25, 2024 | 12:03 pm

TSLA

Elon Musk, after acquiring X (formerly Twitter), is defending his approach to free speech on the platform, amidst growing backlash and concerns from advertisers like Apple Inc. and Disney. Musk's stance, emphasizing a broad range of speech, has led to criticism and legal challenges, but he remains committed to protecting users' rights to express themselves. This controversy has raised concerns about potential impacts on Musk's other ventures, notably Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from Bibhu Pattnaik

February 24, 2024 | 6:40 pm

BTC-USD

ETH-USD

The article discusses the introduction of Systematic Investment Plans (SIPs) into the cryptocurrency market, specifically for Bitcoin (BTC) and Ethereum (ETH), as a strategy to mitigate market volatility and potentially enhance wealth over time. It compares traditional mutual funds with crypto SIPs, highlighting the higher risk-return profile of the latter. Experts suggest a balanced investment approach between traditional and crypto assets, emphasizing the benefits of diversification and the operational advantages of the crypto market's 24/7 nature.

Portfolio Pulse from Murtuza Merchant

February 24, 2024 | 1:08 pm

AMZN

GOOG

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, in an interview with Wired, acknowledged the intense competition in the AI industry from major tech companies like Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc.'s Google (NASDAQ:GOOG), among others. Despite this, Huang remains confident in Nvidia's leadership in AI, highlighting its 70% market share and the company's potential to become the first semiconductor firm with a $2 trillion valuation. Huang's optimism is supported by Nvidia's strong position in AI supercomputers and its $1 billion annualized revenue run rate in software and services.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 8:25 am

GOOG

GOOGL

Elon Musk announced that Google is taking immediate action to address racial and gender bias in its Gemini AI chatbot, following his criticism and a conversation with a senior Google executive. Musk also highlighted the upcoming update for his AI chatbot, Grok, emphasizing the importance of truth in AI development. Google's Gemini has faced backlash for generating biased or irrelevant images, leading to a temporary halt in its image-generation feature.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 4:06 am

DIS

META

Elon Musk criticized Disney (NYSE:DIS) for its advertising spending on Meta Platforms Inc. (NASDAQ:META), despite allegations of child exploitation on Instagram, a Meta-owned platform. Musk highlighted a Wall Street Journal report detailing how Instagram's subscription feature was misused for child exploitation, without adequate safety measures. This criticism comes amidst a backdrop of companies, including Disney, reallocating their advertising budgets towards Instagram and away from Musk's platform, X.

Portfolio Pulse from Ananya Gairola

February 24, 2024 | 3:23 am

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' finds Ford Motor Co. (NYSE:F) notably interesting amid the electric vehicle (EV) market slowdown, highlighting Ford's strategic shift towards hybrid vehicle production. Despite the EV market deceleration, Ford has shown significant progress in the hybrid sector, contrasting with Tesla Inc. (NASDAQ:TSLA), which reported a weak fourth quarter and anticipates reduced vehicle volume growth. Ford's focus on hybrids and price adjustments for its Mustang Mach-E in Canada positions it advantageously in the evolving auto market.

Portfolio Pulse from Benzinga Neuro

February 24, 2024 | 2:11 am

HRB

The FTC has filed a complaint against H&R Block (HRB) for deceptive marketing practices and unfairly deleting consumers' tax data when they attempt to downgrade to more affordable products. The company is accused of misleading consumers by advertising its online tax filing services as 'free' and making the downgrade process cumbersome, requiring consumers to start their tax returns from scratch.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 8:04 pm

XTKG

X3 Holdings teased an upcoming announcement related to the semiconductor sector on X, hinting at a significant development from the company.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 4:03 pm

ADBE

LULU

SDS

SMCI

Benzinga's Stock Whisper Index highlights Mastercard, Visa, Lululemon Athletica, Super Micro Computer, Adobe, and inverse S&P 500 ETFs (SDS, SH) as stocks and ETFs of interest. Mastercard and Visa face potential challenges from the Capital One-Discover merger. Lululemon's stock is buoyed by a positive rating from Needham. Super Micro benefits from NVIDIA's strong earnings. Adobe faces competition from OpenAI's new tool, Sora. Interest in SDS and SH ETFs rises as investors anticipate a pullback in the S&P 500.

Portfolio Pulse from Chris Katje

February 23, 2024 | 3:46 pm