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DIS

The Walt Disney Company (NYSE:DIS) faces challenges in the film industry with no 2023 releases hitting the $1 billion mark. CEO Bob Iger announced a studio overhaul, leading to the cancellation of several projects, potentially including 'National Treasure 3' as indicated by Nicolas Cage. This decision may disappoint fans, given the franchise's previous success. Disney's recent investment in Epic Games and its performance in Q1 earnings are also noted.

Portfolio Pulse from Chris Katje

March 16, 2024 | 2:08 pm

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm

AAPL

AMD

CRM

MSFT

NVDA

PLTR

SNOW

TSLA

Wedbush analyst Daniel Ives compares the AI revolution to a party that's just getting started, with Nvidia at its center. Ives highlights Nvidia's upcoming AI announcement at GTC 2024, expecting the company to continue leading the AI market. He also mentions potential benefits for AMD, Microsoft, Palantir, Snowflake, Salesforce, Apple, and Tesla due to the AI revolution's broader impacts.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 12:54 pm

TSLA

CFRA Research analyst Garrett Nelson maintains a 'buy' rating on Tesla Inc (TSLA), despite its stock falling about 34% year-to-date. Nelson highlights Tesla's strong balance sheet, upcoming Cybertruck production, a new mass-market electric vehicle, and a new factory in Mexico as positive catalysts. He views Tesla as a strong competitor in the Western market, despite increasing competition from China, and predicts it will become the world's largest auto manufacturer by the end of the decade.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 9:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) has been denied a motion to dismiss a lawsuit alleging that its AirTag devices are being used by stalkers to track victims. The lawsuit, filed by around three dozen individuals, claims that Apple was aware of the risks associated with AirTags. U.S. District Judge Vince Chhabria ruled that it's too early to determine if Apple should be held legally responsible under California law for the misuse of AirTags. Some claims were dismissed, but three claims related to the AirTag's safety features leading to injuries were allowed to proceed.

Portfolio Pulse from Ananya Gairola

March 16, 2024 | 8:17 am

TSLA

Tesla Inc's executive Drew Baglino highlighted the benefits of opening Tesla's supercharging network to rival EV makers, emphasizing normalization of charging prices and increased EV affordability. A comparison was made between the cost of charging at a Shell station and Tesla's supercharger in Katy, Texas, showing Tesla's lower price. Tesla has opened its supercharger network to Ford and plans to extend access to Rivian Automotive, General Motors, Volvo Car, and Polestar Automotive starting in spring.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 5:49 am

TSLA

Elon Musk responded to reports of Don Lemon's extravagant demands for hosting a show on X (formerly Twitter) with sharp criticism. Demands included a Tesla Cybertruck, $5M cash, an equity stake in X, and more. Despite initial agreement, Musk found Lemon's interview performance dull and dismissed him. Lemon plans to post the interview on YouTube and X, despite the fallout.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 5:11 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced a price increase of $1000 for all Model Y variants starting April 1, aiming to boost orders before the quarter ends. The base Model Y will start at $44,990. Tesla offers incentives like 5000 miles of free supercharging for deliveries before March 31. Tesla's Q4 2023 vehicle deliveries totaled 484,507. The impact of the price hike and incentives on Q1 deliveries will be assessed next month. Tesla shares closed up 0.66% on Friday but are down 34.16% YTD.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 3:23 am

ADBE

GOOG

GOOGL

Elon Musk expressed concerns about 'woke AI' like Alphabet Inc.'s Google Gemini and Adobe Inc.'s Firefly, suggesting such AI could potentially harm humans to achieve diversity goals. Musk's comments highlight ongoing debates about AI's role in enforcing diversity and the risks of unregulated AI development.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 2:51 am

TSLA

Morgan Stanley analyst Adam Jonas is increasingly bullish on Tesla's Optimus humanoid robot venture, highlighting the accelerating interest in humanoid robotics. Jonas notes the recent $675 million funding round for Figure AI by Jeff Bezos, Nvidia, Microsoft, and OpenAI, and the Chinese government's support for humanoid robot technologies. Despite Tesla's stock dipping 34.16% YTD, Jonas maintains an 'overweight' rating on Tesla with a $320 price target, not yet including Optimus's potential. Tesla has demonstrated progress with Optimus, aiming to ship units next year, though Elon Musk acknowledges uncertainties.

Portfolio Pulse from Anan Ashraf

March 16, 2024 | 2:27 am