Streetbeat News

Products Services

NVDA

Nvidia is projected to reach a $10 trillion valuation, driven by its next-gen AI chip, Blackwell, despite recent valuation concerns and production delays. Analyst Beth Kindig predicts significant growth once Wall Street revises fiscal estimates upward, with pivotal moments expected in 2025.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 3:31 am

AMZN

Concerns are rising over the influence of Jeff Bezos's Earth Fund and Amazon on the carbon credit market. The Bezos Earth Fund supports the Science Based Targets initiative (SBTi), which is reconsidering its approach to carbon offsets. Amazon is expanding its climate initiatives but faces criticism for not reporting certain emissions. The UK charity commission is advising SBTi on governance improvements.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 2:46 am

BMBL

GRND

MTCH

Leading dating apps like Tinder, Bumble, and Grindr are integrating AI tools to enhance user experience by generating conversation starters and building profiles. This move aims to combat user burnout and attract new users as these platforms face challenges in user growth.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 2:37 am

TSLA

Elon Musk criticized Mark Cuban on social media, calling his actions a 'marvel to behold' after Cuban's poll showed Trump as a preferred role model over Harris. This highlights the political divide among business leaders, with Musk supporting Trump and Cuban endorsing Harris.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 12:59 am

DIS

Disney and DirecTV have failed to reach a distribution agreement, resulting in a blackout for over 11 million DirecTV subscribers. This comes just before the NFL season and a presidential debate, affecting access to ESPN, ABC, and other Disney networks. DirecTV sought to offer smaller, cheaper packages, but Disney resisted, aiming for maximum profits.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 12:56 am

BYDDY

NIO

TSLA

XPEV

Chinese EV makers reported steady sales in August amid intense competition. XPeng showed strong growth, while Nio and Li Auto saw slight declines from July. BYD's plug-in hybrids performed well. Tesla faces challenges in China due to competition and lack of low-end models.

Portfolio Pulse from Shanthi Rexaline

September 01, 2024 | 7:18 pm

AAPL

AMZN

NVDA

This week in AI, Apple is considering investing in OpenAI, potentially valuing it at over $100 billion. Amazon's AI assistant has significantly improved software upgrade efficiency. Nvidia is expected to have strong near-term business despite potential Blackwell delays. Concerns were raised about the US's AI warfare preparedness.

Portfolio Pulse from Benzinga Neuro

September 01, 2024 | 1:01 pm

CURLF

TCNNF

Former President Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana. This endorsement has been welcomed by the cannabis industry, including leaders from Trulieve and Curaleaf, who see it as a significant step towards broader legalization. Trump's support could be crucial in achieving the 60% voter approval needed for the amendment to pass.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 9:46 pm

TCNNF

Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana, marking a significant shift in his stance on drug policy. This endorsement could influence the upcoming November vote and impact the political landscape, particularly affecting Governor Ron DeSantis, who opposes the measure. Trulieve, a major medical marijuana company, is a key financial supporter of the pro-cannabis campaign.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 6:13 pm

BYDDY

LCID

RIVN

TSLA

XPEV

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm