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AAPL

GOOG

GOOGL

MSFT

Apple Inc. is in discussions with Microsoft-backed OpenAI to potentially integrate OpenAI's technology into the iPhone's next operating system, iOS 18. These talks mark a reopening of discussions between Apple and OpenAI, with the possibility of incorporating AI features into future iPhones. Apple is also in ongoing discussions with Alphabet Inc.'s Google about licensing Google's Gemini AI models for future iPhones. The outcome of these discussions could significantly impact the iPhone's AI capabilities, as Apple seeks to enhance its devices with new AI features.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 2:13 am

TSLA

Dustin Moskovitz, Facebook co-founder, compared Tesla to Enron, accusing it of presenting misleading data about its Full Self-Driving (FSD) capabilities and potentially committing consumer fraud. He highlighted concerns over Tesla's FSD progress and questioned the company's software sales revenue claims. Moskovitz's allegations include misleading vehicle range representations and inaccurate odometer readings, with social media reports supporting these claims. Tesla has not responded to the allegations. The success of FSD is crucial for Tesla's future, especially for its planned robotaxi service.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 2:01 am

AAUKF

BHP

GATO

HYMC

IPX

Anglo American (OTC:AAUKF) rejected a $39-billion takeover bid from BHP Group (NYSE:BHP), citing it as undervalued. Gatos Silver Inc (NYSE:GATO) reported promising mineral findings in Mexico. IperionX ADR (NASDAQ:IPX) installed a new titanium furnace in Virginia, aiming for efficient titanium production. Hycroft Mining Holding Corporation (NASDAQ:HYMC) will join the Solactive Global Silver Miners Total Returns Index, recognizing its significant silver mining operations.

Portfolio Pulse from austin@walkonholdings.com

April 26, 2024 | 8:53 pm

MSFT

Blizzard has canceled BlizzCon 2024, opting for smaller events and participation in trade shows like Gamescom. The decision follows a year of significant changes for Blizzard, including Microsoft's acquisition of the company and leadership shifts. Despite the cancellation, Blizzard plans to bring back BlizzCon in future years. The video game industry is currently facing challenges, highlighted by Microsoft's recent layoffs of 1,900 employees across Activision Blizzard and Xbox.

Portfolio Pulse from Franca Quarneti

April 26, 2024 | 8:41 pm

EHang Holdings Limited (EHang) partners with Multi Level Group (MLG) and the Abu Dhabi Investment Office (ADIO) to drive eVTOL development in the UAE. The collaboration, announced at Abu Dhabi's DRIFTx event, aims to transform transportation with EHang's pilotless eVTOL aircraft and UAV systems. EHang plans to establish regional headquarters in Abu Dhabi, focusing on manufacturing, flight operations, R&D, training, and MRO facilities. ADIO will support EHang's growth, promoting Abu Dhabi as a hub for urban air mobility (UAM) technology.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:20 pm

GRTX

Galera Therapeutics has received a notice of allowance for its U.S. patent application 17/378,852, titled 'Pentaaza Macrocyclic Ring Complexes Possessing Oral Bioavailability,' aimed at reducing oral mucositis in head-and-neck cancer patients from chemoradiation.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:58 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have risen over 10% in the past five days, despite a more than 20% decline year-to-date. This comes ahead of its Q1 earnings report on April 29, with expectations of 1 cent per share and $555.997 million in revenue. The stock's recovery follows a drop in student loan-related companies after President Biden announced a $7.4 billion student debt cancellation. SoFi does not pay dividends but may engage in buyback programs, a factor for investors considering the stock's value.

Portfolio Pulse from Erica Kollmann

April 26, 2024 | 7:54 pm

AIQ

ANET

BOTZ

COHR

DELL

FLEX

JBL

ROBO

Microsoft, Alphabet, and Meta's increased investments in AI and cloud capex are expected to benefit Arista Networks, Coherent Corp, Dell Technologies, Lumentum Holdings, Flex Ltd., and Jabil Inc., according to a JPMorgan report. This investment surge indicates a strong year ahead for data center capex, with industry growth forecasts for data center investments from top CSPs now in the mid-teens range for 2024. AI-focused ETFs like BOTZ, AIQ, and ROBO are also anticipated to see positive impacts.

Portfolio Pulse from Surbhi Jain

April 26, 2024 | 7:37 pm

IBRX

ImmunityBio, Inc. (NASDAQ:IBRX) shares surged after announcing positive overall survival results in its QUILT 3.055 study for NSCLC patients. The trial showed median overall survival nearly double that of standard chemotherapy. Additionally, the FDA approved ImmunityBio's Anktiva plus BCG for NMIBC. Trading volume spiked, with over 26.6 million shares traded compared to the 100-day average of 4.774 million.

Portfolio Pulse from Erica Kollmann

April 26, 2024 | 7:26 pm

BUD

SAM

TAP

TLRY

Boston Beer Co (NYSE:SAM) reported Q1 financial results surpassing analyst expectations with net revenue of $426.1 million, a 3.1% increase over estimates, and EPS of $1.04, significantly above the 9 cents estimate. The company's success is partly attributed to a backlash against Anheuser-Busch Inbev (NYSE:BUD) by conservative beer drinkers. Despite concerns of THC cannibalizing alcohol sales, both Boston Beer and Tilray Brands Inc. (NASDAQ:TLRY) have seen growth in their alcohol segments, with Tilray's alcohol revenue jumping 117% to $47 million. Boston Beer continues to explore the cannabis beverage market with products like Teapot, Canada's premier cannabis tea brand, while other beer giants like Molson Coors Beverages Co. (NYSE:TAP) have exited cannabis ventures.

Portfolio Pulse from Anthony Noto

April 26, 2024 | 6:58 pm