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GM

GM's autonomous driving unit, Cruise, is recalling all 1,194 of its U.S. vehicles due to concerns over unexpected braking caused by older software versions. The NHTSA has closed its investigation but may take further action if necessary. Cruise has updated the software and plans to repair all affected vehicles before redeployment.

Portfolio Pulse from Anan Ashraf

August 22, 2024 | 10:30 am

SSTK

Shutterstock has reaffirmed its 2024 guidance and announced that John Caine's role as Chief Product and Digital Officer will end on August 23, 2024. Jonathan Oringer will temporarily support the digital marketplace starting August 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:12 am

AAPL

Apple has delayed the production of its foldable MacBook due to technical issues, pushing the timeline to 2027 or 2028. Analyst Ming-Chi Kuo reports that the device will feature an 18.8-inch display, and high production costs are expected to decrease with improved yields.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 10:12 am

CSIQ

Canadian Solar has announced its Q3 revenue expectations to be between $1.6B and $1.8B, which is below the estimated $2.176B. The company anticipates gross margins of 14% to 16% and module shipments of 9.0 GW to 9.5 GW. Battery energy storage shipments are expected to be between 1.4 GWh and 1.7 GWh.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:06 am

MSDTX

MSTR

MicroStrategy's innovative Bitcoin strategy, involving the use of corporate finance tools to accumulate Bitcoin, has significantly increased its market cap. This approach is gaining interest from other companies and even sports clubs, though it remains a radical step for many. The strategy's success has led to the launch of MSTX, a single-stock leveraged ETF for MicroStrategy.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 9:54 am

AMZN

WMT

Walmart+ is offering a 25% discount on Burger King meals through Grubhub, aiming to compete with Amazon Prime. This move is part of Walmart's strategy to enhance its membership program and attract more customers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:45 am

HUIZ

Huize has partnered with China Pacific Property Insurance to launch 'Little Scholar', a customized student accident insurance product. This plan offers comprehensive coverage for children aged 3 to 25, with protection up to RMB500,000 for accidents and illnesses.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:36 am

NVDA

Nvidia's stock is expected to surge to $340 in the medium term, driven by significant investments in AI data centers. However, the stock is volatile, with potential 35-80% pullbacks. Nvidia's near-monopoly in AI accelerators positions it well, but the AI bubble may burst in 3-5 years. Upcoming earnings are a key test.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 9:20 am

ETHUSD

Vitalik Buterin, co-founder of Ethereum, responded to community demands for more 'bullposting' by sharing a humorous image promoting Ethereum. This post quickly surpassed engagement metrics of his previous philosophical blog. The event highlights the community's preference for straightforward, positive content over complex discussions.

Portfolio Pulse from Aniket Verma

August 22, 2024 | 9:14 am

BIIB

Eisai and Biogen's Alzheimer's drug Leqembi receives its first European approval in Great Britain. The drug, targeting early Alzheimer's, showed positive results in clinical trials.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:13 am