Streetbeat News

Marketing

NVDA

Nvidia Corp (NASDAQ:NVDA) faces a supply crisis for its RTX 4090 graphics cards due to high demand and US sanctions on chip exports to China. This has led to price hikes of up to 60% and a surge in demand for Nvidia's H100 chips. The company is also launching the H20 chip for the Chinese market, amidst broader industry concerns over geopolitical tensions and the need for supply chain diversification.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 8:37 pm

META

SNAP

Snap CEO Evan Spiegel emphasized Snapchat's differentiation from traditional social media, aiming to attract more advertisers by highlighting its creative, expressive features and brand-safe environment. Despite recent stock price decline following mixed quarterly results and cautious guidance, Spiegel is optimistic about revenue growth, citing a 90% year-over-year increase in purchase-related conversions and growth among small and medium-sized advertisers.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:03 pm

GME

MSFT

SONY

A tweet from GameStop about an Xbox demo day led to widespread speculation about the future of the Xbox brand, including rumors of Xbox exclusives coming to PlayStation and potential changes to Microsoft's subscription services. The tweet, which was later deleted, mentioned 'Microsoft Game Pass,' fueling theories about the Xbox brand's direction. This incident has heightened sensitivity and apprehension within the gaming community, amidst rumors and uncertainty about Xbox's future.

Portfolio Pulse from Franca Quarneti

February 08, 2024 | 7:41 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is showcasing the Cybertruck, along with its Model 3, Model Y, and Model X at the Chicago Auto Show, marking its first participation with electric vehicles at this event. The show will feature an indoor EV test track, with Tesla participating but not including the Cybertruck in the indoor track rides. Over one million people have reserved the Cybertruck, indicating high public interest. Ford Motor Company (NYSE:F) will also be present, offering test drives of its F-150 Lightning, a competitor to the Cybertruck.

Portfolio Pulse from Chris Katje

February 08, 2024 | 6:52 pm

PLNHF

Las Vegas Cannabis Weddings has offered Taylor Swift and Travis Kelce a free cannabis-themed wedding at Planet 13 Holdings Inc's (OTC:PLNHF) dispensary during Super Bowl LVIII weekend. The offer aims to capitalize on the couple's popularity and the event's high profile. Additionally, the first 100 couples to sign up if the Kansas City Chiefs win can get married for $87, reflecting Kelce's jersey number. Competitor Little White Chapel is also offering free weddings to Super Bowl players and staff.

Portfolio Pulse from Maureen Meehan

February 08, 2024 | 6:26 pm

AAPL

MSFT

Apple Inc. is set to launch Apple TV, Apple Music, and Apple Devices apps on Windows, moving away from iTunes for PC users. This development comes after collaboration with Microsoft Corporation for the apps' launch. The new apps aim to reduce iTunes dependency, offering services like music and album purchases, movie and TV show streaming, and device synchronization for Windows users. This strategic shift marks a significant departure from the traditional iTunes platform, which has been a cornerstone of digital media consumption for over two decades.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 4:29 pm

SONY

Sony Group Corp.'s Marvel's Spider-Man 2 is set to receive a significant update on March 7, including a New Game+ mode, new suits, and more. The update, announced by Insomniac on X, was delayed from late 2023 to ensure quality. Features like adjusting time of day, swapping tendril colors, and replaying missions will be added. Despite the delay, the game has been praised for its storytelling, though some criticized its open-world mechanics. PlayStation Plus Premium members can trial the game for two hours.

Portfolio Pulse from Franca Quarneti

February 08, 2024 | 3:27 pm

AAPL

MSFT

Apple Inc (AAPL) reported a 2% YoY revenue growth to $119.6 billion in its fourth quarter, surpassing Wall Street expectations and marking its first sales growth in a year, driven by record service revenue. Despite this, weak demand in China, where revenue slumped 13% YoY, overshadowed the achievement. Meanwhile, Microsoft Corporation (MSFT) surpassed Apple as the world's most valuable company, reaching a $3 trillion market cap, fueled by its strongest profit growth in over two years and AI integration across its business. Apple's services segment, including the App Store and Apple TV, grew 11% YoY, highlighting a shift in the company's revenue sources. Apple also introduced the Vision Pro headset, a significant product launch, and received 13 Academy Award nominations for its AppleTV+ content.

Portfolio Pulse from Upwallstreet

February 08, 2024 | 2:59 pm

GOOG

GOOGL

Alphabet Inc.'s Google has rebranded its AI chatbot Bard to Google Gemini, introducing minor upgrades and a new mobile app. The rebranding consolidates Google's AI efforts under the Gemini name, with the chatbot now supporting 40 languages and a dedicated app for Android and iOS. The update includes the introduction of Ultra 1.0 in Gemini Advanced, enhancing capabilities in reasoning, coding, and creative collaboration. Google plans to integrate Gemini models into everyday products and services, including Workspace and Google Cloud.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 2:39 pm

DIS

FUBO

SFTBY

Cryptocurrencies surge amid small banking fears and potential regulatory advancements. US markets show signs of overbought levels but remain optimistic. Political and global events continue to influence market sentiments. Tech and EV sectors see significant developments, while consumer and communication sectors experience notable stock movements. Financial sector reports gains, particularly for SoftBank. General news highlights include corporate and legal updates.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 2:28 pm