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META

SMCI

TSLA

Benzinga highlights bullish and bearish stock stories, including Tesla's EV incentives in Colorado, Lucid's armored vehicle, and Super Micro's stock drop due to governance issues. Meta faced pressure from the Biden administration to censor COVID-19 content.

Portfolio Pulse from Michael Cohen

August 31, 2024 | 1:04 pm

AAPL

GOOGL

META

MSFT

Gene Munster from Deepwater Asset Management predicts that Apple will rely on OpenAI, Google, and Meta for AI features, rather than developing its own large language model. This strategy could lead to innovative products like AirPods with cameras, competing with Meta and Google's smart glasses. Apple's potential investment in OpenAI is part of a fundraising round valuing the AI company at over $100 billion.

Portfolio Pulse from Ananya Gairola

August 31, 2024 | 8:42 am

TSLA

Tesla CEO Elon Musk expressed interest in reinstating Dogecoin as a payment option for Tesla merchandise. This follows a recent legal victory where Musk and Tesla were cleared of allegations of market manipulation involving Dogecoin.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 7:11 am

TSLA

Woody Harrelson revealed he passed on an early investment opportunity in Tesla, which he now considers a significant financial mistake. Tesla's stock has grown substantially since its IPO, despite a recent decline.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 5:19 am

BA

NASA has adjusted the SpaceX Crew-9 mission to accommodate astronauts stranded at the ISS due to Boeing's Starliner issues. Only two astronauts will launch on Crew-9, while two others will return to Earth in 2025. Boeing's Starliner will return to Earth without a crew due to technical issues.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 3:46 am

TSLA

WBD

Tesla is planning to unveil its robotaxi at Warner Bros. Discovery's studio in Burbank, California. The event, initially set for August, was postponed to October 10 to allow for improvements and additional showcases. Tesla aims to transition from an EV manufacturer to an AI and robotics company, focusing on autonomous driving technology.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 2:28 am

BRK

DIA

F

GM

NVDA

The US economy showed strong growth in Q2, with a 3% annualized rate, boosting Wall Street indices. The Dow Jones hit record highs, while Nvidia's earnings disappointed. Berkshire Hathaway reached a $1 trillion market cap. EV sales projections were lowered, affecting Ford and GM. Real estate ETFs saw significant inflows due to anticipated Fed rate cuts.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 8:46 pm

APTO

Aptose Biosciences has secured a $10 million loan from Hanmi Pharmaceutical to support the development of its AML treatment, tuspetinib. The companies are also negotiating a new co-development agreement to further accelerate the drug's clinical development.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:31 pm

GME

GameStop shares rose by 8.88% to $23.42, driven by upcoming Q2 earnings, a strategic shift in liquidity management, and a retail strategy targeting retro gaming. Despite the stock's rise, retail investor interest remains lower than during the 2021 meme stock frenzy.

Portfolio Pulse from Vaishali Prayag

August 30, 2024 | 8:27 pm

STKH

Steakholder Foods is focusing on securing additional commercial deals, expanding market reach, and launching new product applications. The company anticipates modest revenue generation starting late 2024 or early 2025, with accelerated growth in 2025 from printers and plant-based premixes.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:19 pm