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HTCR

HeartCore Enterprises, Inc. (NASDAQ:HTCR) has established a new division focused on developing AI software solutions, leveraging its U.S.-based subsidiary Sigmaways. This move aims to meet the growing demand for AI technologies in the U.S. and Japan. The division, staffed with newly recruited engineers and seasoned professionals, is working on an AI solution prototype to evaluate startup investment readiness. HeartCore's CEO, Sumitaka Kanno Yamamoto, highlights the strategic importance of AI in the company's expansion and anticipates revenue growth and technology expansion through this initiative.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:58 pm

TSLA

A team from Tesla is expected to visit India in April to explore potential sites for a new car manufacturing plant, according to Reuters. This move is part of Tesla's ongoing efforts to expand its global manufacturing footprint.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

TSLA

Tesla has started the production of right-hand drive vehicles at its German facility, targeting exports to India. The company plans to begin exporting electric vehicles (EVs) from Germany to India later this year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

ETH-USD

VanEck predicts Ethereum Layer 2 networks will surpass a $1 trillion valuation by 2030, based on an evaluation of 46 L2 networks. Currently, Arbitrum leads with $18 billion in locked tokens. Despite potential growth, VanEck remains bearish on many networks due to competition and risks like an oversupply of L2 tokens.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 12:54 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced its March 2024 operations updates, highlighting a 2.4% increase in Bitcoin mined compared to the previous month, totaling 294 Bitcoins. The company plans to expand its self-mining hash rate by 3.4 EH/s by end of 2024, using SEALMINER A1 machines in Texas, USA, and Norway. Bitdeer also secured a lower electricity price for its Gedu datacenter and made progress in constructing datacenters in Bhutan, Ohio, USA, and Norway. Additionally, Bitdeer completed the deployment of the NVIDIA DGX SuperPOD H100 system, becoming one of the first providers in Asia.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:52 pm

MUSQ

SONO

SONY

SPOT

The 2024 iHeartRadio Music Awards featured performances from a wide array of artists, with Beyonce receiving the Innovator Award and Cher the Icon Award. Taylor Swift won Artist of the Year among her six trophies. The music industry's revenue rose to $28.6 billion last year, with streaming services like Spotify adding 31 million premium users despite a 10% price increase. The MUSQ Global Music Industry ETF, which includes Spotify, Apple, Sonos, Universal Music Group, and Sony, offers exposure to the growing music industry.

Portfolio Pulse from Johnny Rice

April 04, 2024 | 12:51 pm

GOOG

GOOGL

Alphabet shares dropped after reports surfaced that the company is contemplating charging for AI-powered search services. This news comes despite an initial increase in share prices late Wednesday.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:48 pm

RIVN

Rivian Automotive, under CEO RJ Scaringe, announced the production of its 100,000th vehicle, a significant milestone. Despite increased vehicle deliveries in Q1 2024 compared to Q1 2023, Rivian continues to face losses with each vehicle produced. The company aims for a positive gross profit by Q4 2024 and introduced a second-generation EV, the R2 SUV, to compete with Tesla's Model Y. Rivian's stock has seen a decline of over 50% year-to-date.

Portfolio Pulse from Anan Ashraf

April 04, 2024 | 12:45 pm

SLP

Simulations Plus, Inc. (NASDAQ:SLP) announced the U.S. FDA has renewed its licenses for the DILIsym software platform for the 7th consecutive year. DILIsym is a leading quantitative systems toxicology software used to predict and investigate drug-induced liver injury (DILI), supporting the FDA's drug evaluation and approval process. The renewal allows FDA employees across all divisions continued access to DILIsym. The software plays a crucial role in understanding DILI risk in new molecules and tailoring dosing strategies for safety and efficacy. Simulations Plus has led the DILI-sim Initiative for 14 years, a public-private partnership guiding DILIsym's development.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:36 pm

F

Ford has announced a delay in the launch of its all-new 3-row electric vehicles (EVs), now scheduled for 2027. This decision may impact investor sentiment and the company's position in the competitive EV market.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:34 pm