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NVDA

Nvidia CEO Jensen Huang, in a CBS News interview, expressed optimism about AI's impact on the workforce, suggesting AI will lead to companies hiring more workers with higher earnings due to increased productivity. He emphasized the irreplaceable value of human judgment in certain situations. The discussion also included insights from other experts and industry leaders, indicating a broad consensus on AI's potential to enhance human productivity rather than replace it. The Global X Artificial Intelligence & Technology ETF (AIQ) showed positive market movement, reflecting investor interest in AI.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 7:31 am

ARBUSD

BTCUSD

ETHUSD

MATICUSD

OPUSD

Bernstein analysts maintain a $150K Bitcoin price target by 2025 despite slow ETF inflows, citing $12 billion in net inflows since spot bitcoin ETFs launch and strong Bitcoin miner performance. They predict positive outcomes for Ethereum ETFs, potentially boosting ETH and Layer-2 tokens like Arbitrum, Optimism, and Polygon. They also highlight the growth potential in crypto niches and project a total crypto market cap of $7.5 trillion in 18-24 months.

Portfolio Pulse from Ivan Crnogatić

April 30, 2024 | 7:19 am

MAT

Mattel, Inc. (NASDAQ:MAT) has launched a new Matchbox Mercedes-Benz G 580 with EQ Technology die-cast car, made with recycled materials to celebrate the Mercedes-Benz G-Class's electric model. The product features recycled metal and over 81% ISCC-certified plastic, showcasing Matchbox's commitment to eco-friendly products.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:13 am

HTGC

SynOx Therapeutics has entered into a $35 million loan facility with Hercules Capital (HTGC) to support the development and commercialization of emactuzumab, a treatment for Tenosynovial Giant Cell Tumour (TGCT) and other diseases.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:12 am

EVO

Bayer and Evotec have intensified their collaboration to focus on developing precision treatments for cardiovascular diseases (CVDs), leveraging Evotec's iPSC technology for disease modeling. The partnership aims to identify and validate new drug targets for a portfolio of precision cardiology therapeutics.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:10 am

NFLX

The Netflix series 'Drive to Survive' has significantly diversified and expanded Formula One's fanbase, attracting a more diverse and younger audience, including a notable increase in female fans. The show's success in popularizing F1, especially in the U.S., has contributed to Netflix's continued subscriber growth, despite recent price hike concerns. Analysts predict a potential for over 25% upside in Netflix's stock due to its strong performance and the monetization potential of its original content.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 6:49 am

STLA

Stellantis reported a decrease in Q1 2024 net revenues to €41.7 billion, down 12% from Q1 2023, with consolidated shipments also falling by 10% to 1,335 thousand units. The decline was attributed to volume, mix, and foreign exchange headwinds, though partially offset by strong net pricing. Despite the downturn, sales of BEVs and LEVs rose by 8% and 13%, respectively. The company is preparing for a new product wave in H2 2024, with a total vehicle inventory of 1,393 thousand units as of March 31, 2024. Additionally, a dividend increase to €1.55 per share was approved, and a €3.0 billion share buyback program is on track for completion in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 6:34 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares surged over 15% after CEO Elon Musk secured a deal with the Chinese government for full self-driving (FSD) technology and data transfer. Jim Cramer praised the deal as a significant achievement, comparing it to historical business feats. The deal is expected to open a new revenue stream for Tesla, potentially reversing the recent price momentum downturn due to competition and demand issues in China. Short sellers faced significant losses due to the stock's rally.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 6:23 am

AAPL

AMZN

KO

MCD

ON

SBUX

TSLA

U.S. stocks rose on Monday, led by a 15% jump in Tesla shares on news of a partnership with Baidu for Full Self-Driving in China. Apple shares also increased by 2.5% following an upgrade by Bernstein. ON Semiconductor reported better-than-expected Q1 results. The Dow Jones gained 146 points, while the S&P 500 and Nasdaq also saw increases. Investors are awaiting earnings from Amazon, McDonald's, Starbucks, and Coca-Cola. The CNN Money Fear and Greed index indicated improved market sentiment but remained in the 'Fear' zone.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

META

Elon Musk has criticized Meta Platforms, Inc. (NASDAQ:META) for allegedly taking credit for traffic originating from his platform, X (formerly Twitter). This criticism follows a lawsuit in Japan against Meta for not verifying ad authenticity, highlighting ongoing issues with Meta's advertising system. Musk also mentioned a personal dissatisfaction with community notes on X, using it to emphasize the platform's efforts in ad verification. Amidst these challenges, Musk has invited advertisers to return to X, pointing out Meta's advertising system glitches and its impact on advertisers.

Portfolio Pulse from Ananya Gairola

April 30, 2024 | 4:40 am