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FSR

Fisker Inc. faced significant operational challenges, including the loss of millions in customer payments due to lax procedures, leading to an internal audit and resource diversion. The company recovered most payments but experienced delays in processing funds and filing its annual financial report for 2023. Fisker announced major price cuts for its 2023 Ocean SUV models amid financial struggles, including a recent delisting from the NYSE and failed investment talks. The company's cash balance significantly decreased, and it reported a substantial net loss for Q4. Despite production efforts, Fisker has a large inventory and initiated a production pause to address issues.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 5:28 am

NKLA

Nikola Corp, in collaboration with Blackjacks Roadhouse and others, unveiled Alberta's first commercial hydrogen fueling station, marking a significant step in developing hydrogen fuel infrastructure. The HYLA station is located in a high-traffic area and is part of Nikola's broader strategy to scale hydrogen-powered vehicles. Despite delivering 35 hydrogen FCEVs in Q4 and producing 138 trucks last year, Nikola reported a gross loss of $214.1 million for the period. The company's shares rose 11.7% following the announcement.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 4:03 am

TSLA

Elon Musk, CEO of Tesla and SpaceX, criticized Quora for its pretentiousness on his social media platform X, responding to a user's rant about the site. This interaction highlights Musk's active engagement on social media and adds a personal layer due to his ex-wife's history with Quora.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 3:34 am

MU

NVDA

SSNLF

Goldman Sachs predicts significant growth in the high-bandwidth memory (HBM) chip market, driven by demand for Nvidia's new Blackwell GPU chips. The market is expected to grow tenfold to $23 billion by 2026. SK Hynix, Samsung Electronics, and Micron Technology are identified as primary beneficiaries. This growth comes amid heightened interest in AI, with Nvidia's stock rising due to the AI boom sparked by OpenAI's ChatGPT.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:58 am

MDXXF

PharmAla Biotech Holdings (OTC:MDXXF) has been granted a US patent for ALA-002, a novel MDMA mixture, by the USPTO. This patent covers the composition of ALA-002, a mixture of MDMA enantiomers aimed at reducing adverse effects and addiction potential while improving pro-social effects. The company plans to pursue clinical research for treating social anxiety in Autism Spectrum Disorder and other neurological disorders, leveraging this patent to accelerate global IP efforts.

Portfolio Pulse from Lara Goldstein

March 27, 2024 | 10:56 pm

BCAN

Cannasoft Enterprises (NASDAQ:BCAN) has announced the suspension of their medical cannabis facility construction to pivot towards the Femtech sector, citing negative shifts in the global medical cannabis market and security concerns due to its proximity to the Gaza border. The company, known for its CRM software for the cannabis industry, plans to expand into the rapidly growing Femtech sector, leveraging its experience in software and manufacturing, including the development of the EZ-G Device, a CBD Oil sex toy.

Portfolio Pulse from Rolando García

March 27, 2024 | 10:27 pm

AUMN

CLF

FCX

FMST

GOLD

Foremost Lithium Resource & Technology (FMST) reports significant drilling progress in Manitoba, aiming for an updated resource estimate. Barrick Gold (GOLD) exits the El Quevar silver project agreement with Golden Minerals (AUMN), effective April 20, 2024. Cleveland-Cliffs (CLF) increases steel prices by $60 per net ton. Freeport-McMoRan (FCX) announces a 15-cents-per-share dividend, payable on May 1, 2024.

Portfolio Pulse from Austin DeNoce

March 27, 2024 | 9:46 pm

WBD

Pedro Pascal has completed filming for Season 2 of 'The Last of Us,' a Warner Bros. Discovery Inc (NASDAQ:WBD) HBO series, in record time in British Columbia, Canada. This rapid production progress has sparked speculation about the storyline and Joel's fate, especially considering the plot of 'The Last of Us Part II' video game where Joel is killed. The series is expected to premiere in early 2025, with new cast members including Isabela Merced and Young Mazino.

Portfolio Pulse from Franca Quarneti

March 27, 2024 | 8:48 pm

AAPL

TSLA

Brad Gerstner, CEO of Altimeter Capital, bought Tesla (TSLA) stock, inspired by Tesla's Full Self-Driving (FSD) Beta version 12, which he likened to a 'ChatGPT moment'. He praised the shift to an imitation learning model, predicting significant progress for Tesla. Despite recent selling pressure and competition in the EV market, Gerstner sees Tesla's move towards a services model, akin to Apple's transition, as a unique opportunity. He acknowledged risks, including potential soft sales in China and the possibility of missing delivery numbers.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 8:33 pm

RUM

Rumble Inc (NASDAQ:RUM) reported Q4 earnings with a revenue of $20.39 million, missing the consensus estimate of $28.1 million but beating EPS estimates with a loss of 14 cents per share against an expected loss of 22 cents. The company saw a 16% quarter-over-quarter increase in monthly active users, reaching 67 million, with 48 million from the US and Canada. Average minutes watched per month slightly decreased, while hours of uploaded video per day increased year-over-year. Rumble highlighted its new products, including Rumble Cloud, and partnerships, such as with Barstool Sports. The company expects revenue growth starting Q2 of 2024 and aims for breakeven in 2025.

Portfolio Pulse from Chris Katje

March 27, 2024 | 8:31 pm