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NIO

NIO Inc. reported a 25.0% year-over-year increase in Q4 vehicle deliveries, totaling 50,045 units, despite a 9.7% decrease from the previous quarter. The deliveries included 33,679 premium smart electric SUVs and 16,366 sedans.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:04 am

BTCUSD

ETHUSD

SOLUSD

Tether co-founder William Quigley predicts Bitcoin (BTC) could surge 350% to $300,000, driven by sentiment and the upcoming halving event. Quigley's forecast is supported by Bitcoin's current momentum, with a more than 50% increase since the year's start, and the introduction of spot ETFs. He also suggests a potential ripple effect on other cryptocurrencies like Ethereum (ETH) and Solana (SOL), as their value is closely tied to Bitcoin's performance.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 9:43 am

META

Instagram, owned by Meta Platforms Inc. (NASDAQ:META), is rolling out new direct messaging features to enhance user experience. These updates include editing messages, pinning chats, toggling read receipts, saving stickers, upgrading replies, and personalizing chats with themes. The rollout aims to improve connectivity and address user and creator community concerns over frequent and confusing updates.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 9:30 am

AAPL

Apple Inc. has agreed to pay $14.4 million to settle a class-action lawsuit in Canada, known as 'Batterygate', for slowing down iPhones as their batteries aged. Eligible iPhone users in Canada, except Quebec, can receive between CA$17.50 and CA$150. The lawsuit highlighted Apple's lack of communication about performance throttling introduced in 2017 to prevent unexpected shutdowns. Meanwhile, Apple has announced that the iPhone 15 series will have significantly longer battery life, maintaining 80% capacity at 1000 charge cycles.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 8:57 am

GOOG

GOOGL

Google's Gemini scandal, linked to rushed product shipping and internal misalignment, highlights issues within Alphabet Inc. (GOOG, GOOGL). The Gemini app's photo generation feature, intended to be powered by the Gemini model, instead used an older model due to the rush. This misstep, along with a lack of alignment between teams, has led to public admissions of error by Google's leadership and hints at upcoming structural changes.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 8:53 am

NIO

TSLA

Nio Inc's sub-brand Alps is set to launch its first model, an electric vehicle touted as 'better than Tesla's Model Y,' according to new spy shots. The vehicle, expected to be a mid-size SUV with features like battery swap and faster charging, aims to be cheaper than the Model Y. The model is scheduled for launch in October. Tesla's Model Y was the best-selling vehicle worldwide in 2023, with significant sales in China. Nio is expected to report a Q4 loss of 51 cents per share, following a Q3 net loss of 37 cents per share.

Portfolio Pulse from Anan Ashraf

March 05, 2024 | 8:40 am

BTCUSD

ETHUSD

A CryptoPunk NFT, #3100, sold for $16M in Ethereum, marking a significant sale amid a resurgence in the NFT market and growing crypto risk appetite. This sale coincides with Bitcoin nearing its all-time high, driven by ETF demand and the upcoming halving event.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 7:31 am

CSGS

Banglalink, a prominent telecom operator in Bangladesh, has partnered with CSG (CSGS) to enhance its billing systems and support growth. This collaboration aims to improve customer experience and operational efficiency in Bangladesh's rapidly expanding telecom sector.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 6:50 am

LLY

NVDA

NVO

Jim Cramer, on his CNBC show 'Mad Money', recommended investors to be prepared for a market sell-off, highlighting Nvidia, Eli Lilly, and Novo Nordisk as not overvalued and worth buying on dips. He dismissed sector bubbles, particularly in AI, and endorsed the valuations of these companies despite their high market caps and competition in their respective sectors.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 6:33 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) has seen a resurgence in 2023, with its price increasing in recent weeks. This follows a significant drop in 2022 due to crypto market downturns. The resurgence is partly attributed to Elon Musk's acquisition of Twitter (now X) and speculation about Dogecoin's integration into X's payment systems. Despite uncertainties, a $100 investment in DOGE could potentially yield a 315.6% return if it reaches its all-time highs again.

Portfolio Pulse from Chris Katje

March 05, 2024 | 6:27 am