Streetbeat News

Products Services

META

NVDA

Nvidia CEO Jensen Huang and Meta's Mark Zuckerberg will discuss the future of AI and simulation at the SIGGRAPH 2024 conference. The event will highlight technological innovations in graphics and computing, featuring nearly 100 exhibitors and a focus on real-time graphics, art, and systems.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 3:05 am

AAPL

COIN

DJT

MARA

TSLA

U.S. stocks closed positively on Monday with notable gains in Trump Media & Technology Group, Coinbase, Marathon Digital, Apple, and Tesla. Trump Media surged 31.37% due to a prospectus filing for resale of shares. Coinbase and Marathon Digital rose significantly due to a surge in Bitcoin prices. Apple increased by 1.67% on record-breaking sales in India, and Tesla rose by 1.78% amid news of Elon Musk's financial support for a super PAC backing Trump's potential 2024 campaign.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 2:12 am

BIIB

BMY

JNJ

MRK

NVO

Sen. Bernie Sanders criticized the high cost of healthcare in the U.S., highlighting the financial burden on patients. He specifically mentioned the high prices of drugs from Novo Nordisk, Eisai Co Ltd, Biogen Inc, Johnson & Johnson, Merck, and Bristol-Myers Squibb.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 1:36 am

BEN

BLK

ETHUSD

VAN

The SEC has provisionally approved at least three Ethereum-based ETFs, with trading expected to start by July 23, provided no last-minute issues arise. Asset managers like BlackRock, VanEck, and Franklin Templeton are among those likely to launch these ETFs. This development could lead to significant capital inflows into Ethereum, potentially boosting its value.

Portfolio Pulse from Aniket Verma

July 16, 2024 | 1:10 am

CPAI

GURU

HTZ

RWJ

RZV

TSLA

TSLL

TSLT

WANT

XLY

XTN

Rental car companies are scaling back on purchasing electric vehicles (EVs) due to difficulties in reselling them at decent prices. Hertz Global Holdings, Inc. (NASDAQ:HTZ) reduced its EV purchase plans, influenced by Tesla, Inc. (NASDAQ:TSLA) lowering new model prices. This has led to rental companies struggling to resell EVs and hesitating to buy more. ETFs holding Tesla and Hertz stocks showed mixed reactions.

Portfolio Pulse from Michael Juliano

July 15, 2024 | 11:25 pm

RIVN

TSLA

A new report from Recurrent Auto predicts that electric vehicles (EVs) will reach a 50% market share in the U.S. by 2030, driven by states' zero-emissions targets, improved tax credits, and lower battery costs. Tesla, Ford, General Motors, and Rivian are highlighted as key players in the growing EV market.

Portfolio Pulse from Chris Katje

July 15, 2024 | 9:34 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) shares surged 27.8% on Monday as Bitcoin's price climbed above $63,000. The rally was fueled by Germany's liquidation of Bitcoin holdings and a failed assassination attempt on former President Donald Trump, which investors interpreted as positive for cryptocurrencies. Cipher Mining's operational update revealed it mined 176 Bitcoin, sold 103, and held 2,209 Bitcoin in June 2024.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 9:17 pm

BLK

IBIT

BlackRock CEO Larry Fink, previously a skeptic of Bitcoin, now considers it a legitimate financial tool and a 'digital gold.' He believes Bitcoin offers uncorrelated returns and should be considered by investors, especially during times of political uncertainty and rising government debt. The iShares Bitcoin Trust (IBIT) has become the largest spot Bitcoin ETF, attracting over $18 billion since January. BlackRock is also considering launching an Ethereum ETF.

Portfolio Pulse from Adam Eckert

July 15, 2024 | 8:58 pm

AMIX

Autonomix Medical Inc (NASDAQ:AMIX) saw a significant stock price increase after announcing a licensing agreement with RF Innovations for its Apex 6 Radiofrequency Generator. The deal involves 250,000 shares of common stock and grants Autonomix a perpetual, non-exclusive, worldwide, and royalty-free license. The stock surged 123.3% on heavy trading volume but fell 9.42% after-hours.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 8:48 pm

SGH

SKM

SMART Global Holdings (SGH) announced that SK Telecom (SKT) is making a $200 million preferred equity investment in the company. SGH plans to use the capital to enhance its capabilities and expand its AI factory offerings under the Penguin Solutions brand. This investment aligns with SKT's AI-related goals and partnerships.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:32 pm