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AAPL

Analyst Ming-Chi Kuo of TF International Securities has indicated that Apple Inc. (AAPL) is not expected to mass-produce a foldable iPhone or iPad by 2025 or 2026. Instead, the only foldable product with a clear development schedule is a 20.3-inch MacBook, slated for mass production in 2027. This comes amid inquiries about Apple's plans in the foldable product market, where competitors like Samsung Electronics Co. Ltd are currently leading, especially in the foldable phone sector.

Portfolio Pulse from Ananya Gairola

March 07, 2024 | 7:28 am

Unity (NYSE:U) has announced a partnership with Mazda to develop a next-generation in-cabin car experience for 2025-2027 Mazda car models and beyond. This collaboration is part of Mazda's 2030 Management Policy, focusing on the evolution of cockpit HMI and GUI for a seamless driving experience.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:27 am

NVO

Novo Nordisk (NYSE:NVO), a Danish pharmaceutical company, is launching its weight-loss drug Wegovy in Japan in response to the country's rising obesity rates. Wegovy, a GLP-1 drug, has significantly contributed to Novo Nordisk's share increase by 70% over the past year. The introduction of Wegovy in Japan, where obesity levels are comparable to America and Europe when using a BMI measure of 25, represents the first effective obesity medication in the country in nearly three decades. The launch will be carefully controlled due to concerns about potential misuse, with a peak sales forecast of $219 million in five years.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 7:20 am

AAPL

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, praised Apple Inc's Vision Pro on social media, despite Apple's recent stock decline. Gerber, a long-time investor in Apple, believes that Vision Pro, a virtual reality and video headset, will lead to significant stock growth for Apple, especially with the company's focus on Gen AI after abandoning its EV project. This comes amid challenges for Apple, including a predicted further 5% drop in shares due to issues in China and a European Commission fine. Despite mixed reviews and a high starting price for Vision Pro, analysts warn against selling Apple stock before its AI developments.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 6:58 am

ACIW

Kiwibank has officially launched its operations with ACI Worldwide's Enterprise Payments Platform, marking a significant step in enhancing its payment systems.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:53 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares surged over 9% after being named a prime contractor for the U.S. Army's Titan program, an AI-enabled vehicle project. CTO Shyam Sankar highlighted the role of AI in changing warfare, emphasizing the strategic importance of this development. The $178 million contract with the U.S. Army positions Palantir as a key player in military technology, reflecting growing investor confidence.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 6:26 am

TSLA

Tesla CEO Elon Musk stated that retrofitting the full self-driving (FSD) software on older cars from rival automakers is not practical due to the extensive changes required, though new cars can integrate the software. Despite Tesla's willingness to license FSD, no agreements with rivals have been reached, with Musk suggesting skepticism about FSD's viability among competitors. Tesla's Q4 revenue was $25,167 million, a 3% increase year-on-year, impacted by lower FSD revenue due to its wide release in North America.

Portfolio Pulse from Anan Ashraf

March 07, 2024 | 6:19 am

BTCUSD

Peter Schiff, a gold advocate, is encouraging Bitcoin holders to invest in his 'Golden Triumph' Ordinals collection, a limited series of digital art on the Bitcoin blockchain. Schiff highlights the exclusivity of his collection, which consists of 50 pieces, contrasting it with the 21 million Bitcoin. Despite initially high prices, the collection's floor price dropped over 57% from 0.7 BTC to 0.3 BTC. Schiff also criticized the reliance on Bitcoin ETFs, predicting a market crash influenced by ETFs despite Bitcoin's recent price increase.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 4:03 am

CRWD

GOOGL

CrowdStrike CEO George Kurtz warns of the increasing use of advanced AI tools by cybercriminals, making cyberattacks more sophisticated. He emphasizes the need for effective security platforms leveraging AI to combat these threats. The discussion also touches on the broader industry concern over AI in cybercrime, with tech giants like Google developing AI-powered tools for cybersecurity.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 3:27 am

AMD

CAT

CDNS

CEG

CRM

DELL

ENB

ETN

NOW

NVDA

SMCI

VRT

Jim Cramer has identified several companies and sectors poised to benefit from the AI revolution, including NVIDIA, Caterpillar, Eaton Corporation, Vertiv Holdings, Salesforce, ServiceNow, Constellation Energy, and Enbridge. He emphasizes the importance of AI in driving market rallies and highlights the computing power required for AI as central to the re-industrial revolution. Cramer also mentions alternative AI investments like Dell Technologies, Advanced Micro Devices, and Cadence Design Systems, while cautioning against the hype around certain AI stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:57 am