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The latest consumer tech news includes Japan's increasing reliance on foreign digital services like Amazon Prime and YouTube Premium, China's AI regulation efforts, a legal ruling favoring Apple, Netflix discontinuing its cheapest ad-free plan, and various updates from Microsoft, AT&T, Warner Bros. Discovery, and Nintendo.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 5:50 pm

AAPL

AMZN

Amazon's Prime Day saw record sales despite economic challenges, with consumers showing increased confidence by purchasing higher-priced items, particularly in electronics and Amazon devices. Apple products were notably popular, and health and beauty items remained strong performers.

Portfolio Pulse from Bibhu Pattnaik

July 21, 2024 | 5:39 pm

TCNNF

A DeSantis-backed coalition has launched a campaign to defeat Florida's cannabis legalization initiative, Amendment 3, which needs 60% voter support to pass in November 2024. Despite strong opposition from Gov. Ron DeSantis and the Republican Party, the amendment has significant support, including from Florida's largest medical marijuana company, Trulieve (OTC:TCNNF), which has invested over $40 million in the campaign.

Portfolio Pulse from Maureen Meehan

July 21, 2024 | 4:51 pm

AMN

BKU

CLVT

EXPI

MARA

NATL

NFE

RIOT

VFC

VIRT

ZETA

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

CRWD

MSFT

An IT outage caused by a faulty update from CrowdStrike (NASDAQ:CRWD) disrupted services worldwide, affecting less than 1% of Windows devices, or approximately 8.5 million machines. The incident impacted air travel, banking, and television broadcasts, highlighting the interconnected nature of global tech ecosystems and the importance of robust cybersecurity measures.

Portfolio Pulse from Bibhu Pattnaik

July 21, 2024 | 3:24 pm

AAPL

TSM

Apple had a busy week with several key developments. The company decided to skip TSMC's 2nm chip for the iPhone 17, opting for a refined 3nm chip instead. Apple also rolled out the first iOS 18 public beta, received a favorable ruling on its redesigned ECG for the Apple Watch, and approved the first PC emulator for iPhone and iPad. Analyst Ming-Chi Kuo expressed doubts about the iPhone 16 sales projections.

Portfolio Pulse from Benzinga Neuro

July 21, 2024 | 11:15 am

AAPL

MSFT

NVDA

TSLA

This week in AI saw significant developments, including Nvidia's potential $50 trillion valuation, Tesla and xAI's AI expansion plans, and Microsoft's trillion-dollar tech advancements. Key highlights include Nvidia's pivotal role in AI chip demand, calls for data center infrastructure redesign, and Microsoft's AI image generation tool launch.

Portfolio Pulse from Benzinga Neuro

July 21, 2024 | 8:03 am

AYRWF

CURLF

TCNNF

Florida's medical cannabis market is experiencing significant growth ahead of the November 2024 legalization ballot. The number of qualified patients has increased by 195.7% since January 2020, while the number of dispensing locations has more than tripled. Leading companies like Trulieve, Curaleaf, and MÜV have expanded their operations significantly.

Portfolio Pulse from Rolando García

July 20, 2024 | 7:17 pm

AFCG

SONS

AFC Gamma, Inc. (NASDAQ:AFCG) is spinning off its commercial real estate business into Sunrise Realty Trust (NASDAQ:SONS). AFC Gamma will focus on cannabis lending, while Sunrise Realty Trust will explore growth in the commercial real estate market. The spin-off aims to enhance shareholder value and streamline operations.

Portfolio Pulse from Nicolás Jose Rodriguez

July 20, 2024 | 4:47 pm

CIBR

CRWD

LRNZ

MSFT

CrowdStrike (CRWD) experienced a significant stock decline due to an update issue affecting Microsoft (MSFT) products, causing global outages. The incident was not a cyberattack, and CrowdStrike is assisting affected customers. The issue has been resolved, and key services remain unaffected. Investors can gain exposure to CRWD via TrueShares Technology, AI & Deep Learning ETF (LRNZ) and First Trust NASDAQ Cybersecurity ETF (CIBR).

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2024 | 3:55 pm