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LCID

PSNY

RIVN

TSLA

VFS

Cantor Fitzgerald analyst Andres Sheppard issued Buy ratings for Tesla, Rivian, VinFast, and Polestar, with respective price targets of $230, $15, $8, and $5. Lucid received a Sell rating with a $4 price target. Sheppard highlighted Tesla's price cut on autonomous driving technology and its deal with Baidu as positive, Rivian's Amazon deal and market expansion, VinFast's price advantage and dealer network, and Polestar's production shift to the US as encouraging. Lucid's slower production ramp-up and additional capital needs were seen as negatives.

Portfolio Pulse from Hayden Buckfire

May 14, 2024 | 5:13 pm

DELL

INTC

Dell Technologies Inc. (NYSE:DELL) shares are rising after announcing an expansion and upgrades to its server portfolio, specifically the Dell PowerEdge servers. These upgrades aim to enhance performance and efficiency, catering to a wide range of organizations. The new servers, including the Dell PowerEdge R670 and R770 CSP Edition, feature Smart Cooling technology for energy efficiency and are designed for easier deployment. Intel Corporation (NASDAQ:INTC) is collaborating with Dell by providing the Intel Xeon 6 Efficient core processor, promising up to 2.3x more performance per rack compared to previous generations.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 5:12 pm

META

ZM

Zoom's Workvivo has been named as the only preferred migration partner for Workplace from Meta customers, as Meta discontinues its employee engagement platform. Workvivo and Meta will provide migration tools and additional services at no cost to facilitate the transition.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:53 pm

ORCL

Oracle shares are experiencing an uptick after reports surfaced about xAI, led by Elon Musk, closing in on a $10 billion agreement to lease AI servers from Oracle.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:09 pm

ORCL

Elon Musk's artificial intelligence company, xAI, is reportedly close to finalizing a deal worth approximately $10 billion to lease AI servers from Oracle. This significant agreement underscores the growing demand for AI infrastructure and Oracle's position as a key player in providing these technologies.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:02 pm

BON

Bon Natural Life shares are trading higher following the announcement of a strategic cooperation agreement between its operating subsidiary, Xi'an App-Chem Bio, and Guangdong JUWO Trading.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:01 pm

BON

Bon Natural Life Limited (NASDAQ:BON) announced a strategic cooperation with Guangdong JUWO Trading Co., Ltd. for marketing and supply chain development in liquor distribution and sales, including liquor brands, functional liquor, and hangover relief products in mainland China. The agreement involves co-branding and the launch of liquor products under the 'Jiangwang and App-Chem' brand, with JUWO handling promotion and marketing. This marks the first collaboration between App-Chem and JUWO's Chinese Moutai-flavor liquor brand, aiming for market expansion and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:57 pm

VUZI

Vuzix shares surged following the announcement of a multi-phase development contract with Garmin for a next-generation nano-imprinted waveguide-based display system. The uptick is also attributed to the broader market movement influenced by 'Roaring Kitty's return to social media, which has sparked interest in high-short interest stocks.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:43 pm

META

ZM

Meta is reportedly shutting down its enterprise communications business, Workplace, and is recommending Zoom-owned Workvivo as an alternative. Workvivo was acquired by Zoom in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:38 pm

STLA

Stellantis N.V. and Leapmotor have completed their joint venture, Leapmotor International B.V., to introduce the T03 and C10 electric vehicles in Europe, with plans for global expansion. Stellantis invested €1.5 billion for a 21% stake in Leapmotor. The venture aims to leverage Stellantis' commercial presence outside Greater China and address climate issues with competitive EV models. Operations in nine European countries are expected to start by September 2024, with expansion to other regions following.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 3:31 pm