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NVDA

TCEHY

Huawei Technologies is expanding its semiconductor R&D efforts in Shanghai as a countermeasure to U.S. export controls, focusing on developing lithography machines essential for advanced chip production. This move aims to reduce reliance on foreign technology and strengthen its semiconductor supply chain, potentially impacting the market positions of Nvidia, AMD, and ASML Holding.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 8:28 am

PEV

Phoenix Motor Inc. (NASDAQ:PEV), a prominent heavy-duty transit bus manufacturer and electrification solutions provider, announced its intention to open an AI development center in Silicon Valley. This center aims to develop advanced self-driving technology and energy management systems for shuttle and transit buses.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:49 am

SHLT

A study by Imperial College London found that SHL Telemedicine's SmartHeart® technology significantly reduces hospital readmissions by 76% and emergency department visits by 41% for post-heart attack patients. This underscores the effectiveness of SHL's remote cardiac care solutions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:30 am

KARS

Cathie Wood's Ark Investment Management, through its Director of Research Sam Korus, argues that electric vehicles (EVs) are not seeing a decline in adoption but are instead entering a traditional adoption curve. Despite a slowdown in sales growth rates from 113% in 2021 to 28% in 2023, the global market share of EVs nearly doubled from 4.8 million units to around 10 million units, indicating healthy market dynamics. Korus emphasizes the importance of market share over growth rates and suggests that EVs, with only a 13% global market share, are still in the early stages of adoption. He warns that traditional automakers reducing EV investments may miss out on the industry's transition.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 7:21 am

NTES

PXLW

Pixelworks has enhanced the mobile gaming experience for 'Diablo Immortal', a game developed by Blizzard Entertainment and NetEase, by introducing new features.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:51 am

UHAL

U-Haul is offering 30 days of free storage at 10 of its stores in Southern Louisiana to help residents affected by recent tornadoes and flooding. This initiative aims to provide immediate relief to those who have suffered property damage or displacement.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:48 am

CHTR

T

VZ

The FCC has mandated ISPs to display 'nutrition labels' for their broadband plans to help consumers compare plans and avoid hidden fees. This rule applies to all but the smallest ISPs and includes details like prices, rates, data allowances, and broadband speeds. Verizon, Google Fiber, and T-Mobile have complied ahead of the deadline. The mandate aims to increase transparency amid challenges for ISPs, including potential cuts to a federal program aiding 23 million American households with internet access. Companies like AT&T, Verizon, and Charter Communications could be significantly impacted.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 5:30 am

F

Ford Motor Company (NYSE:F) has announced another round of price cuts for its 2024 F-150 Lightning electric truck, with reductions up to $5,500, to enhance its competitiveness in the EV market. The price adjustments across various trims aim to make the F-150 Lightning more appealing to consumers, especially in a slowing market growth scenario. These strategic price cuts are part of Ford's broader approach to maintaining a strong position in the EV market, following a previous price reduction and a reported 86% increase in U.S. EV sales in the first quarter of 2024.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 5:22 am

BTCUSD

Galaxy Digital CEO Michael Novogratz discussed investment strategies in an inflationary environment on the Business Untitled podcast, advocating for hard assets like real estate, gold, silver, stocks, and Bitcoin. Despite Bitcoin's recent correction, Novogratz remains positive on its value as a hard asset for younger generations. The conversation also covered America's debt, inflation, and strategies for wealth building without initial capital, emphasizing perseverance and entrepreneurship.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 4:37 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has introduced the first Full Self-Driving (FSD) update for its Reengineered Model 3, as reported by an X user and confirmed by Teslascope. This update, version 12.3.4, marks a significant development in Tesla's FSD software, which has been deployed on about 2 million vehicles in the U.S. The rollout follows CEO Elon Musk's hints at improvements, particularly in the Autopark feature. Tesla previously offered a one-month free FSD trial in the U.S., receiving positive feedback.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 3:50 am