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AAPL

BABA

BIDU

VGT

VUG

Apple Inc. (NASDAQ:AAPL) is in talks with Chinese companies like Baidu Inc. (NASDAQ:BIDU) and Alibaba Group Holding Limited (NYSE:BABA) to integrate AI functions into its devices sold in China. This comes after Apple found it unlikely to get approval for a foreign large language model in China. The region is crucial for Apple, accounting for 18% of its global revenue. Apple faces increasing competition from local brands, with its market share expected to drop to 16% this year. Investors can gain exposure to Apple through ETFs like Vanguard Growth ETF (NYSE:VUG) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 2:43 pm

GOOG

IBM

META

MSFT

Multiple AI companies are reportedly bypassing a tool used by publishers to prevent content scraping, according to licensing startup Tollbit.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:39 pm

BTCUSD

DOGEUSD

SHIBUSD

Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant declines of 14% and 18% respectively over the past week amid a market-wide correction. Crypto trader Kevin remains optimistic about SHIB, suggesting it is a good time to start a Dollar-Cost Averaging (DCA) position. He also notes that if Bitcoin (BTC) breaks its all-time highs, SHIB could outperform. For DOGE, Kevin predicts bullish momentum if it surpasses $0.133 but warns of potential downside until then. Both coins have shown increased transaction volumes and active addresses.

Portfolio Pulse from Khyathi Dalal

June 21, 2024 | 2:36 pm

XOM

Exxon Mobil has announced that a strike may impact its ability to supply certain products. This could potentially disrupt the supply chain and affect the company's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:34 pm

XOM

Exxon Mobil has halted some chemical manufacturing units, including a steam cracker, at its French Port Jerome refinery due to a strike. However, refining operations at the site remain unaffected, and the company is committed to honoring its fuel supply contracts.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:34 pm

NVDA

TSLA

XPEV

XPeng Inc. (NYSE:XPEV) is reorganizing its smart driving team and has launched an AI division to stay competitive in the autonomous driving sector. Key personnel changes include the departure of Lin Yishu and Wu Xinzhou, with Junyao stepping in. XPeng has also expressed interest in Tesla's full self-driving software and recently launched its flying car, the X2, in Beijing.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 2:31 pm

ACN

Accenture (NYSE:ACN) reported strong AI bookings growth, which led to a 7.7% rise in its stock price despite missing analyst estimates. The company recorded $900 million in new generative AI bookings and $2 billion for the fiscal year to date. Accenture's revenue slightly decreased YoY, but its net income remained robust. The company expects sales between $16.05 billion and $16.65 billion for the current quarter.

Portfolio Pulse from Upwallstreet

June 21, 2024 | 2:24 pm

RACE

Ferrari's CEO announced in a Bloomberg TV interview that the company is opening a new e-factory aimed at increasing its production capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:18 pm

AEM

CNIKF

NGLOY

SSDIY

Canada Nickel Co.'s Crawford project in southeastern Canada, with 3.8 million metric tons of nickel reserves, aims to rival global giants in nickel production. The project is backed by Agnico Eagle Mines, Samsung SDI, and Anglo American. Production is expected to start by the end of 2027, pending permits. The Timmins area, traditionally a gold mining hub, now hosts several nickel miners.

Portfolio Pulse from Matt Whittaker

June 21, 2024 | 2:13 pm

AREB

KAVL

PBM

RELI

SHCR

SPEC

U.S. stocks traded mixed with the Nasdaq Composite falling around 50 points. The S&P Global composite PMI hit a 26-month high at 54.6 in June. Notable stock movements include American Rebel Holdings, Sharecare, and Spectaire Holdings rising significantly, while Kaival Brands Innovations, Psyence Biomedical, and Reliance Global Group saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 2:13 pm