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NVDA

SFTBY

SoftBank Group Corp plans to invest $960 million in developing a Japanese-language-specific generative AI model using NVIDIA Corp chips. This investment aims to significantly enhance Japan's computing capabilities and position SoftBank as a leader in the AI space. The investment will be spread over 2024 and 2025, adding to SoftBank's previous investments in computing infrastructure. This move aligns with SoftBank's focus on AI and chip development, potentially challenging NVIDIA in the AI market.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 9:26 am

JKS

JinkoSolar has announced an agreement to supply Nyox, an Italian renewable energy solutions company, with 100MW of its Tiger Neo modules. This deal underscores JinkoSolar's continued expansion in the renewable energy sector and its commitment to supporting global renewable energy adoption.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:14 am

ADBE

Adobe has launched Firefly Image 3, a foundation model that promises to enhance image generation quality, prompt understanding, and creative expression. This development signifies a significant improvement in digital creativity tools, offering users new levels of detail, variety, and speed in creative tasks.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:05 am

CHD

EBAY

FMC

LIN

TSLA

WFC

WMT

Shares of Tesla Inc. (NASDAQ:TSLA) have experienced a significant decline, while six S&P 500 stocks, including Linde (NASDAQ:LIN), FMC (NYSE:FMC), eBay Inc. (NASDAQ:EBAY), Church & Dwight (NYSE:CHD), Walmart Inc. (NYSE:WMT), and Wells Fargo (NYSE:WFC), have shown an inverse correlation, rising as Tesla falls. This trend is highlighted amidst Tesla's focus shift towards self-driving technology and a recent price cut in its Full Self-Driving software. Analyst Emmanuel Rosner of Deutsche Bank has lowered Tesla's price target, suggesting a potential downside in the near future.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 8:46 am

AZN

The European Commission has approved AstraZeneca's Voydeya (danicopan) as an add-on treatment to ravulizumab or eculizumab for patients with Paroxysmal Nocturnal Hemoglobinuria (PNH) who have residual hemolytic anemia. This approval marks a significant advancement in the treatment options available for PNH patients, potentially improving patient outcomes and quality of life.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:20 am

GOOG

META

QCOM

Meta Platforms Inc. (NASDAQ:META) is opening its Quest operating system to third-party hardware manufacturers, emulating Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) strategy with Android. This move aims to create a new ecosystem for mixed-reality devices, leveraging partnerships with technology firms and Qualcomm Inc. (NASDAQ:QCOM). Meta's approach mirrors Google's with Android, aiming to standardize the mixed-reality market and benefit from economies of scale. Meta's stock saw a slight increase of 0.14% to close at $481.73.

Portfolio Pulse from Rounak Jain

April 23, 2024 | 8:18 am

PEV

Phoenix Motor Inc. (PEV) has announced a partnership with Cennatic to provide commercial electric vehicle (EV) battery solutions. This collaboration aims to enhance Phoenix Motor's EV offerings by integrating Cennatic's advanced battery technology, potentially improving the performance and reliability of Phoenix Motor's commercial EVs. The partnership is expected to strengthen Phoenix Motor's position in the EV market by expanding its product line and offering more competitive EV solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:47 am

SSL

Sasol reported increases in its nine-month performance up to March 31, 2024, with mining productivity up by 4% YoY, gas production increasing by 8% YoY, SO production volumes rising by 3% YoY, and total chemicals sales volumes growing by 4% YoY.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:30 am

TDY

Teledyne Technologies (NYSE:TDY) through its subsidiary Teledyne e2v, has partnered with Airy3D to co-engineer the Topaz5D, a cost-effective, low power 2 megapixel global shutter sensor capable of producing 2D images and 3D depth maps. This collaboration aims to deliver affordable 3D vision solutions.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:17 am

TSLA

Elon Musk criticized the generic nature of Tesla's ads following the layoff of its U.S. marketing team, part of a 10% companywide reduction. Despite traditionally avoiding advertising, Tesla experimented with ads on various platforms but plans to limit spending to areas with low market share. Analysts are divided on this strategy, with some advocating for increased advertising over price cuts. Meanwhile, anti-Tesla ads by The Dawn Project criticized the safety of Tesla's FSD software.

Portfolio Pulse from Anan Ashraf

April 23, 2024 | 6:27 am