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A new survey by Self Financial reveals AppleTV+ as the streaming platform with the smallest library but the highest rated content according to IMDb scores. Despite its size, AppleTV+ leads in content quality with a score of 7.01 out of 10. Prime Video has the largest library, and Netflix has the highest number of shows rated 8 or above. The study also notes the average consumer spends $52.97 per month on streaming services, with a Deloitte survey indicating an average spend of $61 on SVOD services. Apple's investment in blockbuster movies and sports rights, despite mixed box office success, underscores its strategy to prioritize quality, positioning AppleTV+ as a competitive choice for consumers focusing on content quality.

Portfolio Pulse from Chris Katje

April 01, 2024 | 2:30 pm

NVDA

OpenAI is reportedly taking steps to reduce its dependence on certain Nvidia hardware, according to The Information. This move could have implications for Nvidia's business, given OpenAI's prominence in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:17 pm

NVDA

RDDT

SPY

TSLA

The article highlights the top 10 most-searched tickers on Benzinga Pro in March 2024, showcasing companies like NVIDIA, Tesla, and the SPDR S&P 500 ETF Trust. It also mentions the significant interest in SoundHound AI, the debut of Solidion Technology post-SPAC merger, and Reddit's IPO. Additionally, it notes the impact of Bitcoin's valuation on the popularity of Marathon Digital, Coinbase, and MicroStrategy. The list reflects investor interest and market trends.

Portfolio Pulse from Chris Katje

April 01, 2024 | 2:11 pm

BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) shares surged after announcing a record fuel cell engine order and a Long Term Supply Agreement with Solaris Bus & Coach for 1,000 engines through 2027. The deal includes supplying engines for European transit buses, consolidating existing orders, and providing after-market services. Ballard also received $54 million in investment tax credits from the U.S. IRS under the Inflation Reduction Act. Additionally, the company reported a 132% year-on-year sales growth for Q4, surpassing analyst expectations.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 2:06 pm

CNFR

Conifer Holdings, Inc. (NASDAQ:CNFR) has announced a strategic partnership with Palomar Holdings, Inc. to provide comprehensive insurance coverage tailored for the cannabis industry. This partnership leverages both companies' expertise to address the unique risks faced by cannabis businesses, aiming to offer unparalleled coverage options.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:03 pm

The Virginia State Corporation Commission approved over a dozen new solar projects for Dominion Energy Virginia, totaling 764 MW of electricity, enough to power nearly 200,000 homes. These projects, including both owned and PPAs, will support over 1,600 jobs and generate $570 million in economic benefits. Dominion Energy's solar fleet will exceed 4,600 MW upon completion, making it the second largest in the nation. The projects are expected to be completed by 2026, with an estimated cost increase of $1.54 to the average residential monthly bill.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 2:03 pm

AAPL

On its 48th anniversary, Apple Inc. (NASDAQ:AAPL) reflects on a journey from a startup to a tech giant with a market capitalization that reached $3 trillion under CEO Tim Cook. Apple's stock, which debuted at $0.121652 in 1980, now stands at $171.48, marking a 140,859% increase. An initial $1,000 investment in Apple would now be worth $1,336,055. The company continues to innovate, with recent ventures into AI and the launch of the Apple Vision Pro headset.

Portfolio Pulse from Rounak Jain

April 01, 2024 | 1:58 pm

NVDA

TSLA

Nvidia Corp (NVDA) has seen a significant rise in its stock, up 85% in Q1, driven by generative AI adoption, data center dominance, and product innovation. Tesla Inc (TSLA), on the other hand, faced a 20% decline due to production setbacks, leadership challenges, and analyst downgrades. Other Magnificent Seven stocks, including Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL/GOOG), Amazon (AMZN), and Meta Platforms (META), also experienced market movements, with AAPL and TSLA suffering double-digit declines.

Portfolio Pulse from Surbhi Jain

April 01, 2024 | 1:50 pm

BMY

ZLAB

Bristol Myers Squibb (BMY) announced mixed results for two of its drugs. The Phase 3 YELLOWSTONE trial of Zeposia for Crohn’s disease did not meet its primary endpoint, while the KRYSTAL-12 study of Krazati for NSCLC met its primary and key secondary endpoints. Zai Lab (ZLAB) has exclusive rights to develop and commercialize adagrasib in Greater China.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 1:44 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) has advised its customers against using third-party adapters at Tesla superchargers, emphasizing the necessity of using Rivian-provided adapters. Rivian vehicles, equipped with a Combined Charging System (CCS) charge port, require an adapter to use Tesla's supercharger network, which uses the North American Charging Standard (NACS). Rivian plans to offer these adapters to its customers for free and will start incorporating Tesla's charging standard into its vehicles from 2025, eliminating the need for an adapter. Tesla's supercharger network, with over 15,000 stations, represents three-quarters of all fast chargers in North America.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 1:42 pm