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TSLA

Elon Musk's AI venture, xAI, is in talks with Tesla for a potential deal where Tesla would license AI models from xAI for its Full Self-Driving software. This could involve a revenue-sharing agreement, enhancing Tesla's AI capabilities but raising concerns about resource distribution and conflicts of interest.

Portfolio Pulse from Bibhu Pattnaik

September 08, 2024 | 8:18 pm

AAPL

Bloomberg's Mark Gurman suggests that the anticipated super cycle for Apple's iPhone 16 may not occur due to macroeconomic factors and limited AI features. The new iPhone will have minor upgrades, and significant AI capabilities will be delayed until future updates.

Portfolio Pulse from Shanthi Rexaline

September 08, 2024 | 6:35 pm

AMZN

Jeff Bezos aims to lower the cost of space travel through Blue Origin, making it accessible for entrepreneurs and innovators. His vision could revolutionize the space industry by reducing entry barriers and fostering new startups.

Portfolio Pulse from Bibhu Pattnaik

September 08, 2024 | 4:33 pm

SMMT

Summit Therapeutics announced that Ivonescimab monotherapy significantly reduced the risk of disease progression or death by 49% compared to Pembrolizumab in treating PD-L1 positive advanced NSCLC in China. The company plans to initiate a Phase III trial in early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2024 | 4:01 pm

AMZN

GOOGL

MSFT

NVDA

Nvidia's stock fell 14% last week due to macro concerns, but portfolio manager Dan Niles remains optimistic, predicting Nvidia's revenue and stock could double in the coming years. Despite increased AI spending by major tech companies, revenue forecasts are declining. Niles suggests diversifying investments into consumer staples, utilities, and telecom services as potential rate cuts loom.

Portfolio Pulse from Shanthi Rexaline

September 08, 2024 | 3:34 pm

AAPL

Apple Inc. is expected to unveil the iPhone 16 at its 'Glowtime' event, featuring significant camera upgrades such as 4K video recording at 120fps and a new touch-sensitive capture button. These enhancements highlight Apple's focus on camera capabilities, potentially strengthening its position in the competitive smartphone market.

Portfolio Pulse from Bibhu Pattnaik

September 08, 2024 | 2:35 pm

AAPL

AMZN

MSFT

NVDA

TSLA

The AI sector saw significant developments this week, with Goldman Sachs dismissing bubble concerns, Nvidia's ambitious one-stop shop plans, and a projected $10 trillion valuation. Cathie Wood praised Elon Musk's xAI team, and OpenAI's co-founder raised $1B for a new startup.

Portfolio Pulse from Benzinga Neuro

September 08, 2024 | 1:08 pm

TSLA

Elon Musk's xAI is in discussions with Tesla to form a deal where xAI would receive some Tesla revenue in exchange for providing Tesla with access to its technology and resources.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2024 | 11:52 am

AAPL

Apple announced its 'Glowtime' event for the iPhone 16 launch, with potential product discontinuations and OLED display upgrades. Huawei plans a counter event. An analyst suggests the event may not negatively impact Apple's stock.

Portfolio Pulse from Benzinga Neuro

September 08, 2024 | 11:01 am

TSLA

Elon Musk was notably absent from Time Magazine's TIME100 AI list, despite his significant contributions to AI through Tesla and xAI. The list included figures like Satya Nadella and Scarlett Johansson, sparking debate over Musk's exclusion. Analysts argue Tesla is undervalued as an AI company.

Portfolio Pulse from Chris Katje

September 07, 2024 | 3:40 pm