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BTC

DOGE

SHIB

TRUMP

This week in crypto saw the rise of MAGA coin, a market crash prediction by Max Keiser, a significant burn rate increase for Shiba Inu, Dogecoin's acceptance by Ferrari, and Edward Snowden's support for Bitcoin. MAGA coin surged 20%, overshadowing Dogecoin and Shiba Inu. Keiser predicts a market crash and a Bitcoin boom, with potential government seizures of Bitcoin ETFs and mining operations. Shiba Inu's burn rate soared by 2,730%, and Dogecoin's value increased by 4% after Ferrari's acceptance. Snowden reiterated his support for Bitcoin.

Portfolio Pulse from Benzinga Neuro

February 25, 2024 | 5:49 am

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

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) experienced a setback when its lunar lander, Odysseus, tipped over during a touchdown near the moon's south pole, causing communication challenges and a significant drop in its stock price after hours. Despite the mishap, CEO Steve Altemus remains optimistic about the lander's operational capabilities. The incident occurred amidst a mission sponsored by NASA, which included experiments onboard and a $118 million investment for delivery. The lander, launched from Florida, is expected to operate on the moon for up to 10 days before lunar nightfall.

Portfolio Pulse from Nabaparna Bhattacharya

February 24, 2024 | 5:21 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

TLRY

Tilray Brands (NASDAQ:TLRY) celebrates the passage of the German Medical Cannabis Act, marking a significant development in Germany's medical cannabis market. The act facilitates easier access to high-quality cannabis medicines for patients, with Tilray Medical looking forward to utilizing its Neumünster site in Germany to meet the increased demand. This move is expected to enhance patient care by providing a wider range of treatment options.

Portfolio Pulse from Maureen Meehan

February 24, 2024 | 1:42 am

GOOGL

IBM

MCD

NVDA

Jim Cramer highlighted McDonald's adoption of AI in drive-thrus, a move involving Nvidia, IBM, and Alphabet, as a significant trend in the U.S. This collaboration for AI-enabled voice recognition could boost Nvidia's position, given its role as a leading AI chipmaker. Nvidia's recent financial success and market cap milestone underscore its growing influence in the tech sector.

Portfolio Pulse from Navdeep Yadav

February 24, 2024 | 1:33 am

CAKEUSD

PancakeSwap launched an 'Affiliates' program to expand its decentralized exchange across new blockchains, benefiting CAKE token holders with native DEX tokens from these collaborations. The program supports third-party DeFi teams in deploying PancakeSwap's contracts on new chains, aiming to enhance revenue streams and fund future development. Affiliated DEXs will share a portion of their supply with PancakeSwap, specifically for veCAKE stakers. The initiative aims to establish at least three DEX partnerships in 2024, with each within the top quarter of trading volume on their respective chains. Following the announcement, the CAKE token experienced a 10% increase in market value.

Portfolio Pulse from Murtuza Merchant

February 23, 2024 | 8:54 pm

ANSS

CDNS

INTC

SNPS

Intel (NASDAQ:INTC) has seen a 70% increase in stock price over the past year but has dropped 14% in 2024. The company launched the world's first AI-focused systems foundry, announced a significant design win with Microsoft for the 18A process, and revealed collaborations with Synopsys (NASDAQ:SNPS), Cadence (NASDAQ:CDNS), Siemens, and Ansys (NASDAQ:ANSS). JPMorgan analyst Harlan Sur maintains an Underweight rating on INTC with a $37 price target, citing that revenue scale from the foundry is several years away despite technological advancements and strategic partnerships.

Portfolio Pulse from Surbhi Jain

February 23, 2024 | 8:28 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) has received final approval from the New Mexico Board of Pharmacy and the DEA to research and produce Schedule I and II plant-based drugs. This approval allows the company to advance its 'Drugs Made in America' movement, addressing the supply chain shortage for plant-based medicines. The research and production will occur in Albuquerque and Grants, New Mexico, respectively. CEO Groovy Singh plans to leverage capital from an EB-5 partnership and federal agencies for infrastructure expansion. BGXX shares traded 4.5222% lower at $0.2238.

Portfolio Pulse from Jelena Martinovic

February 23, 2024 | 8:10 pm

EWJ

TSM

Japan is set to provide approximately $4.85 billion in subsidies for TSMC's second chip plant in Kumamoto, aiming to enhance domestic chip production competitiveness. The subsidies, announced during the opening of TSMC's first Kumamoto plant, support the construction of a facility that will produce more advanced 6-nanometer chips. This move is part of Japan's broader strategy to bolster its semiconductor industry, with TSMC investing over $20 billion in both plants. The plants are expected to significantly contribute to technologies like autonomous driving and AI.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:16 pm