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BYDDY

NIO

XPEV

Chinese EV makers, including SAIC, Chery, Great Wall Motor, and BYD Co., have seen a 40% increase in overseas sales in Q1 2024, reaching 470,000 units. Europe and Asia are the main markets for these exports. BYD Co. leads in NEV overseas sales, followed by SAIC, Geely, Xpeng, and Nio. BYD is adopting a premium pricing strategy in Europe, and Chinese EV makers are exploiting a loophole for exporting 'used' cars to bypass trade barriers.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:07 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has released a video demonstrating the latest advancements of its Optimus humanoid robot, which now can insert battery cells into a tray using a neural network. CEO Elon Musk announced plans for a new Optimus hand with 22 degrees of freedom, an improvement over the current model's 11. Several Optimus robots are already deployed in Tesla factories for testing and refinement. Musk also mentioned the potential for external sales of Optimus robots by the end of 2025, with a projected initial price range of $25,000 to $30,000.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 5:01 am

NVDA

SSNLF

The AI boom has highlighted the importance of South Korean chipmakers Samsung Electronics (SSNLF) and SK Hynix, with experts debating which is the better investment. Both companies are key suppliers to Nvidia (NVDA), a major beneficiary of the AI surge. Samsung reported a significant increase in profits, while SK Hynix returned to profitability after losses. Opinions on investment favor SK Hynix for its early leadership in HBM3 and higher profit margins, though some see potential in both companies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 4:24 am

NVO

Elon Musk endorsed Novo Nordisk's Ozempic, a drug primarily for Type 2 diabetes, as a solution to childhood obesity, sparking a conversation on the topic. Musk's support for Ozempic, highlighted in a response to a post about obesity policies on X, brings attention to the obesity issue in the U.S. and Japan. Novo Nordisk, the maker of Ozempic, has also launched Wegovy in Japan to address obesity, amidst concerns over the high cost of these drugs.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:50 am

AAPL

Bloomberg columnist Mark Gurman suggests Apple Inc. should make the iPad a genuine laptop replacement, arguing that the company has been holding back the device's potential. With new iPads set to launch, including models with M4 and M2 chips, Gurman believes Apple should enhance the iPad's capabilities to match those of a laptop, especially in multitasking and hardware, to revitalize its appeal.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:03 am

AAPL

AMZN

GOOG

META

MSFT

NTDOF

PLTR

SONY

TSLA

UBSFF

Last week in consumer tech saw Amazon's Q1 FY24 sales surpass expectations, Microsoft and Sony enhancing gaming offerings, Ubisoft and Nintendo announcing new game details, and Apple facing challenges with iPhone sales and AI advancements. Elon Musk criticized Meta and highlighted X's design overhaul. Palantir's CEO made controversial remarks, and the EU considered a TikTok ban. Amazon's AI business achieved a multibillion-dollar revenue rate, while Apple teased future AI developments.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 2:41 am

AMD

INTC

NVDA

NVIDIA Corp (NASDAQ:NVDA) is poised for its Q1 earnings release, with its AI technology, particularly the H100 GPU chip, seeing significant investment from tech giants like Tesla, Meta Platforms, Microsoft, and Alphabet. These companies are expanding their AI capabilities, with Meta purchasing 850,000 H100 GPUs and Microsoft planning to acquire 1.8 million GPUs. Amazon also anticipates increased capex, mainly for AWS's growth in generative AI. Nvidia's market dominance is highlighted by its expected revenue of over $100 billion, overshadowing competitors AMD and Intel. Despite mixed market sentiments, Nvidia's stock has seen substantial fluctuations but remains in a consolidation phase.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 2:19 am

BTCUSD

DOGEUSD

TSLA

Despite Bitcoin reaching $64,000, crypto analyst Ali Martinez suggests it remains in a 'prime buy zone' based on the MVRV 90-day Ratio. This analysis comes amid significant crypto market events, including Tesla's adoption of Dogecoin as a payment method and regulatory uncertainties. Bitcoin's price has seen a 45.42% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 1:59 am

GOOG

GOOGL

YouTube, owned by Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), introduced a new AI-powered 'Jump ahead' feature for Premium subscribers, allowing them to skip commonly skipped sections in videos. Initially tested in March, it's now available on the YouTube Android app in the U.S. for English videos with high views. This feature aligns with Alphabet's increased focus on AI, which has contributed to a 15% year-over-year revenue increase in the first quarter of 2024.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 1:53 am

BRKA

BRKB

TSLA

At Berkshire Hathaway's annual shareholder meeting, Warren Buffett addressed whether Tesla's Full Self-Driving (FSD) technology would impact GEICO, a Berkshire portfolio company. Buffett acknowledged that a reduction in accidents would lower insurance rates but emphasized the societal benefit. Ajit Jain, vice chairman of insurance operations, noted that while accident rates may decrease, repair costs have increased, questioning the net impact on insurance. Buffett also discussed the electric vehicle (EV) industry, stating Berkshire doesn't bring special expertise to the field and would not predict winners in the EV space.

Portfolio Pulse from Shanthi Rexaline

May 05, 2024 | 9:09 pm