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EVTL

Vertical Aerospace Ltd. has appointed Stuart Simpson, previously the CFO and a seasoned FTSE100 executive, as its new CEO with immediate effect. Simpson's appointment comes as the company prepares for a critical phase, focusing on certifying its VX4 aircraft and moving towards commercialization. His extensive experience across technology, automotive, and logistics sectors is expected to play a key role in leading the company's strategy, market launch of the VX4 aircraft, and future fundraising activities.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:06 am

AMZN

Tesla CEO Elon Musk expressed astonishment at Amazon Web Services' (AWS) revenue growth, highlighting that its trailing 12-month revenue of $94.4 billion exceeds that of 466 S&P 500 companies. Amazon CEO Andy Jassy announced AWS has surpassed a $100 billion revenue run rate in Q1 2024, with AWS revenue increasing 17% year-on-year to $25 billion. Amazon's shares rose 2% in premarket trading following the announcement.

Portfolio Pulse from Rounak Jain

May 01, 2024 | 9:02 am

AMZN

Amazon's Twitch has launched a short-form video platform, aiming to compete with TikTok amid its uncertain future in the U.S. due to data privacy and national security concerns. The new feature, Discovery Feed, allows users to browse short clips from longer videos, personalized based on their viewing habits. This move comes as TikTok faces potential sale or ban in the U.S., with its CEO fighting the decision and global leaders also considering bans.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 9:02 am

TSLA

Tesla Inc.'s stock could see a significant rise if its Full Self-Driving (FSD) software rollout in China is successful, according to Future Fund's Gary Black. The potential increase in Tesla's valuation hinges on whether Tesla sells FSD solely on its vehicles or also secures licensing deals with other Chinese EV makers, and the adoption rate of FSD among Tesla owners in China. Black estimates a 10% adoption rate could add 4 cents to EPS, potentially reaching 48 cents per share if the adoption rate hits 30%, translating to an incremental valuation of up to $24 per share. However, competition from Baidu's Apollo Go and regulatory challenges could impact Tesla's success in the Chinese market. Analyst opinions on the potential impact of FSD in China vary, with some projecting significant revenue and earnings growth for Tesla.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 8:42 am

AIXI

Xiao-I announced the launch of its innovative product, DIF (Daily Invest Focus), set for May 2024. This product aims to enhance investment strategies with its cutting-edge features.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:32 am

AAPL

Apple Inc. (NASDAQ:AAPL) has acknowledged an issue with iPhone alarms not sounding, with no timeline provided for a fix. This problem has occurred before, notably in 2017 with iOS 11 and with iOS 17 updates last year. Users have reported malfunctioning alarms over the past few days, but Apple has not confirmed the cause of the latest issue.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 8:08 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced plans to continue expanding the Supercharger network, albeit at a slower pace for new locations, focusing instead on 100% uptime and expanding existing sites. This follows the departure of Rebecca Tinucci, the head of Tesla's charging infrastructure, and the layoff of about 500 employees from the Supercharger team as part of a broader effort to cut costs and focus on vehicle autonomy.

Portfolio Pulse from Anan Ashraf

May 01, 2024 | 7:39 am

AAPL

Wall Street anticipates challenging Q2 earnings for Apple, Inc. (AAPL) due to softness in China, competition from Huawei, and a tepid iPhone 15 cycle. However, Wedbush analyst Daniel Ives remains optimistic, citing reasons like potential growth from an AI-driven iPhone 16, strong Services segment performance, and a robust installed base. Ives maintains an Outperform rating with a $250 price target, expecting a turnaround in growth and emphasizing the importance of Apple's AI strategy and upcoming product cycles.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 5:15 am

AMD

NVDA

AMD's CEO Lisa Su claimed the company's MI300X GPUs outperform NVIDIA's H100 GPUs in inferencing performance and total cost of ownership, potentially reducing capex by up to 50% and annual opex by over 40%. Despite a modest beat and lukewarm guidance in Q1 earnings, these remarks could boost investor confidence in AMD's AI hardware. AMD's stock saw a 6.91% decrease in after-hours trading but has increased 14.29% YTD.

Portfolio Pulse from Kaustubh Bagalkote

May 01, 2024 | 3:44 am

AMZN

During Amazon's Q1 2024 earnings call, CEO Andy Jassy introduced the AI chatbot 'Q', designed to help developers transition from Microsoft Windows to Linux, highlighting its capabilities in code generation, testing, debugging, and transformation. Jassy emphasized 'Q's role in modernizing software development, including converting dotNET code for Linux use. Despite its innovative features, 'Q' faced early criticism for producing incorrect outputs. Amazon reported a 13% year-over-year increase in net sales, beating consensus estimates.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 3:17 am