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RIVN

Rivian Automotive (NASDAQ:RIVN) has stopped providing key fobs with new vehicle deliveries, requiring customers to use a key card or mobile app instead. Customers can purchase a key fob later from Rivian's Gear Shop, although it is currently unavailable.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 6:31 am

BTCUSD

Senator Bill Hagerty (R-TN) emphasized the Republican Party's evolving stance on cryptocurrencies, highlighting former President Donald Trump's commitment to making the U.S. a 'crypto hub.' Hagerty criticized the Biden administration for regulatory actions against the industry and reiterated the need for the U.S. to embrace digital currencies to prevent China from dominating the field.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 5:41 am

MSFT

Microsoft CEO Satya Nadella announced that the company's gaming platforms have reached 500 million monthly active users. The company previewed 30 new titles, including Call of Duty: Black Ops 6, and reported a 44% rise in gaming revenue, largely due to the Activision acquisition. Xbox content and services revenue increased by 61%. Microsoft anticipates gaming revenue growth in the mid-30s for the first quarter, despite a projected decline in hardware revenue. The company's fourth-quarter revenue was $64.7 billion, exceeding expectations.

Portfolio Pulse from Ananya Gairola

July 31, 2024 | 4:56 am

AMD

AVGO

CSCO

GOOG

GOOGL

HPE

META

MSFT

NVDA

AMD has partnered with Microsoft, Meta, and Google to develop a new AI accelerator standard, Ultra Accelerator Link, which could disrupt the AI hardware market. The initiative has broad industry support and aims to lower barriers to entry in AI hardware. AMD's recent earnings report showed a 9% revenue increase, driven by its data center business and new AI chip, MI300X.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 4:50 am

MSFT

Microsoft CEO Satya Nadella reported significant growth and engagement on LinkedIn during the company's fourth-quarter earnings call. LinkedIn saw a 34% increase in video content and a 51% rise in Premium sign-ups. Despite Elon Musk's criticism of LinkedIn and promotion of his platform X, Microsoft reported a 10% revenue increase for LinkedIn. Microsoft shares fell 2.72% in after-hours trading following the earnings report.

Portfolio Pulse from Ananya Gairola

July 31, 2024 | 3:40 am

AMD

MSFT

NVDA

Microsoft has enhanced its Azure AI capabilities by integrating OpenAI models and advanced hardware accelerators from NVIDIA and AMD. Despite positive developments, Microsoft's stock faced a short-term dip due to Azure underperformance and a Microsoft 365 outage.

Portfolio Pulse from Kaustubh Bagalkote

July 31, 2024 | 3:39 am

MARA

MSTR

Economist Peter Schiff criticized companies like MicroStrategy and Marathon Digital Holdings for holding Bitcoin as a treasury asset, calling it a gamble with shareholder funds. Schiff's comments were in response to MicroStrategy co-founder Michael Saylor's support for Bitcoin on corporate balance sheets.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 3:37 am

AAPL

BTCUSD

DOGEUSD

ETHUSD

MSFT

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, edged lower as Mt. Gox moved billions in Bitcoin out of its cold wallet. Ethereum saw net outflows from newly-listed spot ETFs, but analysts predict a potential bull run for ETH. The Nasdaq Composite and S&P 500 slipped, while the Dow Jones gained ahead of Microsoft's earnings report.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 3:01 am

AAPL

AMD

AMZN

MSFT

NVDA

AMD's second-quarter results exceeded expectations, leading to a significant surge in its stock price. Revenue rose by 9% to $5.84 billion, and adjusted earnings per share increased by 19% to 69 cents. The company's data center business and new AI chip, MI300X, were pivotal. Jim Cramer praised CEO Lisa Su for the success. AMD's stock jumped over 7% in after-hours trading.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 2:55 am

AMD

META

MSFT

NVDA

TSLA

On Tuesday, major U.S. indices showed mixed results. Nvidia, AMD, Microsoft, Meta, and Tesla were the top stocks on investors' radars. Nvidia and AMD saw significant after-hours trading gains due to AMD's strong earnings. Microsoft reported a 15% YoY increase in revenue, while Meta is set to report its earnings with a focus on AI. Tesla is recalling over 1.8 million vehicles due to safety concerns.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 2:24 am