Streetbeat News

Products Services

ANSS

CDNS

DELL

NOW

NVDA

SAP

SNPS

NVIDIA Corp. (NASDAQ:NVDA) saw its stock fall nearly 2% post-market after CEO Jensen Huang's keynote, despite unveiling the new Blackwell processor. Conversely, companies like Synopsys Inc (NASDAQ:SNPS), Cadence Design Systems Inc (NASDAQ:CDNS), ANSYS Inc (NASDAQ:ANSS), and Dell Technologies Inc (NYSE:DELL) experienced stock price surges over 2% due to Huang's endorsements. SAP (NYSE:SAP) and ServiceNow Inc (NYSE:NOW) also saw increases after being mentioned for their use of Nvidia's platform.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 8:56 am

TSLA

Tesla's Cybertruck will soon be able to power homes via an over-the-air update, as announced by Tesla executive Drew Baglino. This feature, enabled in the second quarter, allows the Cybertruck to share power with homes, integrating with Tesla's Powerwall for energy storage. The Cybertruck is currently the only Tesla vehicle with this capability, which can provide up to 11.5 kW of power for over three days during outages. This positions the Cybertruck as a competitor to Ford's F-150 Lightning, which already has home power capabilities.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 8:53 am

TSLA

Tesla CEO Elon Musk teased details about the upcoming Tesla Roadster, highlighting its collaboration with SpaceX to incorporate rocket technology, making it more than just a car. Musk aims to finalize the Roadster's design by late 2024, with deliveries expected in 2025. The Roadster is anticipated to be Tesla's fastest car, achieving 0-60 mph in under a second. Despite Tesla's recent stock slump, Musk emphasized the company's focus on delivering outstanding products, noting the success of the Model Y SUV and the Cybertruck.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 8:27 am

DOGEUSD

SHIBUSD

SOL

Andrew Tate, a controversial figure, shared his success in the DeFi market, claiming to have made $85M during the last bull run with a focus on innovative blockchain coins over meme coins. He highlighted the rise and fall of meme coins like Dogecoin, Shiba Inu, and Solana-based tokens, noting the significant impact on Solana's value. Despite his financial success, Tate criticized the societal value of cryptocurrencies and distanced himself from launching his own. Amidst this, he faces legal issues, with Romanian authorities seizing assets including 21 Bitcoins.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 8:15 am

DDOG

Jim Cramer praised Datadog Inc. (NASDAQ:DDOG) on CNBC's 'Mad Money', calling it a 'dynamite company' despite its high valuation. Datadog, known for its cloud-based application observability services, has been recognized for its operational strength and solid growth prospects. Financial analysts have recently set a higher 12-month price target for DDOG, and the stock has shown resilience in its price action.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 7:35 am

NVDA

SAP

SAP SE and NVIDIA have expanded their partnership to accelerate the adoption of generative AI across SAP's cloud solutions and applications, aiming to transform how enterprise customers utilize data.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:32 am

HTHIY

NVDA

Hitachi Vantara, a subsidiary of Hitachi, Ltd., has announced a collaboration with NVIDIA to develop a new portfolio of industrial AI solutions named Hitachi iQ. This initiative aims to deliver targeted AI outcomes by integrating industry-specific capabilities with its AI solution stack.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:26 am

NVDA

SNOW

Snowflake (NYSE:SNOW) announced an expanded collaboration with NVIDIA at NVIDIA GTC, aiming to empower enterprise customers with a full-stack AI platform. This collaboration combines NVIDIA's accelerated platform with Snowflake's Data Cloud, enhancing AI productivity and fueling business transformations across industries.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced plans to roll out three significant improvements to its Full Self Driving (FSD) software every two weeks, aiming for a substantial enhancement by late April or early May. The FSD software, still in beta and requiring driver supervision, recently saw the release of version 12.3, receiving positive feedback. Musk highlighted improved training compute constraints as a factor enabling quicker updates. Despite Musk's emphasis on vehicle autonomy as a key value driver for Tesla, he acknowledged that widespread autonomous driving might take a decade.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 7:05 am

FFND

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares fell after-hours following the GTC 2024 keynote by CEO Jensen Huang, despite positive analyst feedback on the new AI chip unveilings. KeyBanc Capital Markets analyst John Vinh praised the introduction of the next-gen GPU architecture Blackwell - B100 and B200 GPUs, and the next-gen CPU+GPU super chip GB200, maintaining an Overweight rating and a $1,100 price target for Nvidia. Future Fund Managing Partner Gary Black described the stock's drop as a 'classic sell the news' scenario, highlighting the Blackwell B200 GPU's performance, which is up to 30 times faster than its predecessor, the H100 chip. The Future Fund Active ETF (NYSE:FFND) holds Nvidia as its third-biggest portfolio stock.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 7:01 am