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AAPL

Apple Inc. (AAPL) has experienced a decline in stock performance, diverging from other major tech stocks. Despite this, analysts like Gene Munster from Deepwater Asset Management remain optimistic about Apple's long-term prospects, citing the company's large user base, diverse range of services, and potential in personalized AI services. Munster predicts a seasonal slowdown but sees growth opportunities, especially with Apple's upcoming AI initiatives. Analyst Ming-Chi Kuo warns that Apple needs to launch superior generative AI services to stay ahead of competitors like Nvidia. Apple's focus on AI was underscored by the cancellation of its self-driving car project.

Portfolio Pulse from Shanthi Rexaline

March 06, 2024 | 9:51 am

AAPL

Apple Inc (NASDAQ:AAPL) faces a potential 5% share price drop due to decreased demand in China and a European Commission fine, according to Jim Cramer. Despite these challenges, including a 24% drop in iPhone sales in China and a nearly $2 billion EU fine, Cramer advises holding Apple shares. Apple aims to counteract these setbacks with AI-integrated iPhones.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 8:55 am

FSR

Fisker Inc (NYSE:FSR) is addressing a negative review of its Ocean SUV by tech YouTuber Marques Brownlee, who called it the worst car he's ever reviewed. A senior Fisker engineer offered to personally fix the vehicle with a software update. Despite producing over 10,000 Ocean vehicles in 2023, Fisker only delivered about 4,900 units. The company reported a preliminary Q4 revenue of $200.1 million, a net loss of $1.23 per share, and announced a 15% workforce reduction due to financial concerns.

Portfolio Pulse from Anan Ashraf

March 06, 2024 | 8:25 am

GHC

Poznan University of Medical Sciences has expanded its partnership with GHC for enhanced medical and dental exam preparation. This collaboration aims to improve the quality and accessibility of exam prep materials for students, potentially leading to better exam outcomes and professional readiness.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:23 am

EVO

Evotec and Claris Ventures have enhanced their collaboration to streamline access for Claris's portfolio companies to Evotec's comprehensive pre-clinical and clinical development and manufacturing services. This agreement expands on the successful partnership with IAMA, a company within Claris's portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:12 am

BMEA

Biomea Fusion, Inc. (NASDAQ:BMEA) announced long-term data from its Phase II COVALENT-111 study on BMF-219 for Type 2 Diabetes, showing up to 1.4% HbA1c reduction off therapy at week-26. The data will be presented at the ATTD conference in Florence, Italy.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:06 am

IPHA

Innate Pharma announced its plans to present preclinical data for its Nectin-4 antibody drug conjugate, IPH45, at the AACR Annual Meeting 2024. The data supports further development of IPH45, a topoisomerase I inhibitor ADC targeting Nectin-4, as it progresses towards clinical trials.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering up to 10,000 miles of free supercharging for customers who take delivery of a new Model S, Model Y, or Model X by March 31. The offer excludes Model 3 and Cybertruck purchases, and the free miles expire in two years if unused. Tesla's supercharger network, which has over 50,000 units globally, will also be opened to rival EV makers including Ford, Rivian, General Motors, Volvo Car, and Polestar Automotive starting this spring.

Portfolio Pulse from Anan Ashraf

March 06, 2024 | 7:55 am

HYMTF

Kia, owned by Hyundai Motor Co (OTC:HYMTF), has increased its discount on the 2024 EV9 models to $5,000, potentially reducing the starting price to $51,395. This move aims to stay competitive in the EV market against rivals like Ford and Nissan, amidst high demand and dealer markups. The discount is part of Kia's broader strategy to boost EV sales, influenced by South Korea's new EV policy to support domestic automakers against competitors like Tesla and BYD Co.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 7:55 am

MSTR

Jim Cramer criticized Bitcoin's recent market dip on X, referencing a sharp 14% decline to $59,300 from an all-time high of $69,150. He discussed Bitcoin's volatility and market dynamics on his CNBC show, highlighting the impact of Exchange Traded products and MicroStrategy's $600 million convertible bond offering to buy more Bitcoin. Cramer views the shift in Bitcoin's use and the introduction of spot Bitcoin ETFs as positive developments, despite the recent price drop.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 7:42 am