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MSFT

TSLA

Elon Musk has filed a lawsuit against OpenAI and its CEO Sam Altman, accusing them of deviating from the company's original non-profit goals towards profit orientation, primarily to benefit Microsoft, which has invested $13 billion in OpenAI. The lawsuit reveals past communications where Altman valued Musk's involvement in recruiting talent and setting the company's direction.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 9:54 am

F

TSLA

Tesla Inc (TSLA) has opened its supercharger network in North America to Ford Motor Co (F) and plans to extend access to other EV makers like Rivian Automotive, General Motors, Volvo Car, and Polestar Automotive starting this spring. This move is seen by investors as a positive step towards accelerating the adoption of electric vehicles (EVs) and fostering healthy competition in the sustainable energy sector. Tesla's shares rose 5.4% over the past week.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 7:48 am

DELL

Dell Technologies Inc. (NYSE:DELL) shares surged following a year of significant outperformance, a partnership with Subaru Corporation for driver safety improvements, and strong quarterly earnings that exceeded analyst expectations. The company reported earnings of $2.20 per share, surpassing the consensus estimate of $1.73, and sales of $22.3 billion, beating the $22.16 billion estimate. Despite a decline in revenue for its Infrastructure Solutions Group and Client Solutions Group, demand for AI servers increased, with servers and networking revenue at $4.9 billion. Dell also announced a 20% increase in its annual cash dividend.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 7:24 pm

NVDA

SOUN

SoundHound AI Inc (NASDAQ:SOUN) stock experienced a Golden Cross, indicating a bullish market trend, with its stock up about 250% this year. The momentum has been particularly strong since early February, driven by investments from NVIDIA Corp (NASDAQ:NVDA) and SoftBank. Despite missing earnings expectations, SoundHound's positive revenue guidance for 2024 and 2025 has boosted investor confidence. The company's advancements in voice and audio recognition technology and strategic partnerships are key factors in its growth.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 7:10 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares hit all-time highs, trading above $500, following CEO Mark Zuckerberg's focus on AI, AR, and VR advancements, including meetings in Tokyo and with Samsung and LG Electronics on AI cooperation. Meta is set to unveil AR glasses codenamed Orion this fall. A U.S. court ruled in favor of Meta in a case against NSO Group over spyware. META's stock is up over 40% YTD, with analysts having a positive outlook despite the average target suggesting potential downside.

Portfolio Pulse from Erica Kollmann

March 01, 2024 | 7:04 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) has launched the first legalized mobile sports betting in North Carolina through its Caesars Sportsbook app, in partnership with the Eastern Band of Cherokee Indians. The app is now live on tribal lands and will roll out statewide on March 11, pending regulatory approval. The launch includes special offers for early registrants and integrates with the Caesars Rewards program for added benefits. Caesars emphasizes responsible gaming with a 21+ policy and comprehensive training for its team members.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:14 pm

MU

NVDA

SSNGY

Micron Technology, Inc. (NASDAQ:MU) shares rose after Mizuho analyst Vijay Rakesh maintained a Buy rating and increased the price target from $100 to $105, citing improving margin profiles and high-bandwidth memory tailwinds. Micron's LPDDR5X memory and UFS 4.0 mobile flash storage were selected by Samsung Electronics for the Galaxy S24 series. Additionally, Micron began volume production of the 24GB 8H HBM3E solution for Nvidia Corporation's H200 Tensor Core GPUs, boasting about 30% lower power consumption than competitors. Micron's stock is trading at 52-week highs, driven by the semiconductor industry's growth due to the adoption of artificial intelligence.

Portfolio Pulse from Erica Kollmann

March 01, 2024 | 5:54 pm

LUMN

Ryan Asdourian, a Microsoft veteran with 20 years of experience, has been appointed as the new Executive Vice President and Chief Marketing Officer of Lumen Technologies (NYSE:LUMN). Asdourian will be responsible for Brand and Product Marketing, and Corporate Communications at Lumen, reporting to President and CEO Kate Johnson. His previous roles at Microsoft included leading the Security business group and the Microsoft Surface business group in the U.S., as well as the Windows and Devices business group in the U.K.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:20 pm

ERIC

MSFT

NVDA

TMUS

Microsoft Corp (NASDAQ:MSFT) is expanding its presence in the telecom equipment market through a partnership with Etisalat to build a 5G network in the UAE and launching the AI RAN Alliance with Nvidia Corp (NASDAQ:NVDA), Ericsson (NASDAQ:ERIC), and T-Mobile US, Inc (NASDAQ:TMUS). Additionally, Microsoft, OpenAI, and Nvidia are investing $675 million in Figure AI for AI-powered humanoid robots. MSFT shares dropped slightly by 0.22%.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 5:19 pm

META

NVDA

Meta Platforms Inc's stock (META) reached a new all-time high, surpassing $500, marking a 40% increase YTD and 185% over the past year. This surge is attributed to recent developments, including partnerships and advancements in AI and AR technologies. Technical indicators and analyst ratings suggest a strongly bullish trend, despite the RSI indicating the stock might be overbought. Nvidia Corp (NVDA) leads the Magnificent Seven stocks with a 248% return YTD.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 5:05 pm