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Salesforce Inc's CEO Marc Benioff discussed the unique features of Einstein Copilot, emphasizing its ability to utilize customer data for predictive and generative purposes, setting it apart from other AI programs. Benioff also highlighted the importance of future acquisitions for growth. Despite a temporary 6% drop, Salesforce's stock recovered to a 1% increase after reporting strong Q4 earnings with an 11% year-over-year revenue increase to $9.29 billion, and a 22% increase in cash flow from operations.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 3:56 am

IONQ

MARA

PARA

SNOW

TSLA

U.S. stocks closed lower with the Dow Jones, S&P 500, and Nasdaq experiencing slight declines. Marathon Digital Holdings, Snowflake Inc, Paramount Global, IonQ Inc, and Tesla, Inc were among the top stocks on investors' radars, with Marathon Digital and Tesla posting gains, while Snowflake, Paramount, and IonQ saw declines. Key highlights include Marathon Digital's revenue increase and Bitcoin production rise, Snowflake's revenue growth and leadership change, Paramount's EPS beat, IonQ's positive results and focus on AI, and Tesla's market position strengthening.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 2:43 am

GOOGL

Mark Cuban suggests Elon Musk's xAI's Grok is 'right-leaning' and Google's Gemini is 'left-leaning' amid a debate on AI models' future. He responds to Marc Andreessen's concerns about big tech's ability to develop generative AI, highlighting the potential for a significant impact on stock market wealth if they fail. Cuban emphasizes the future diversity in AI models, both branded and personal, and their political leanings.

Portfolio Pulse from Ananya Gairola

February 29, 2024 | 1:38 am

WHD

Cactus projects Q1'2024 US land activity levels to remain roughly the same as the previous quarter. In its Pressure Control segment, a slight revenue decline is expected due to lower production equipment sales compared to the rig count in Q4. However, in Spoolable Technologies, a modest revenue increase is anticipated due to rising customer demand.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:33 pm

BILL

Xero has announced a strategic partnership with BILL to enhance accounts payable capabilities for Xero's US customers. This collaboration will integrate BILL's payment solutions into the Xero platform, allowing small businesses to efficiently manage bill payments directly within Xero. The solution aims to automate financial operations and improve cash flow management for over 33 million SMBs in the US, addressing the challenge of manual bill payments. Details on the bill pay solution will be released later this year.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 10:18 pm

KEYS

Keysight Technologies has invested $10M in EMVision, an Australian medical device company, to support the development of portable brain imaging technology. This investment marks Keysight's first global investment in medical imaging innovation and provides EMVision with a fully funded path to market for its emu™ device. The technology aims to improve stroke care by enabling rapid diagnostics in settings where traditional imaging is unavailable. EMVision also plans to develop a first responder device for use in ambulances. Keysight will acquire an 8.73% shareholding in EMVision.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:12 pm

ODC

Amlan International has announced a partnership with Grupo Profil to provide innovative gut health solutions for protein producers. This collaboration aims to enhance productivity and sustainability in the protein production industry. Although not explicitly mentioned, Oil-Dri Corporation of America (ODC), the parent company of Amlan International, is likely to be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:02 pm

CLF

FMST

MUX

USAU

Foremost Lithium proposes a $10M project under Canada's Critical Mineral Infrastructure Fund for road construction to its properties. U.S. Gold Corp highlights the strategic advantages of its CK gold project in Wyoming. Cleveland-Cliffs is downgraded by Exane BNP Paribas with a new price target. McEwen Mining reports a significant increase in gold resources at its Stock Mine property.

Portfolio Pulse from Austin DeNoce

February 28, 2024 | 9:58 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) reported Q4 financial results with a revenue of $156.8 million, up 452% YoY, beating consensus estimates but missed EPS expectations with a loss of 2 cents per share. The company produced 4,242 Bitcoin in Q4, up 172% YoY, and ended the year with 15,126 Bitcoin. Marathon plans to increase its hash rate to 35-37 EH/s in 2024 and to 50 EH/s by 2025. Additionally, Marathon introduced a new multichain layer-two network on Bitcoin, Anduro, aimed at encouraging Bitcoin development and adoption.

Portfolio Pulse from Chris Katje

February 28, 2024 | 9:55 pm

NVRO

Nevro Corp. (NYSE:NVRO) announced FDA clearance for its Nevro1 sacroiliac joint fusion device, marketed as NevroFix, which can now be used without a lateral screw. This device, featuring self-contained, deployable titanium anchors and 3D-printed bone-growth technology, represents a significant advancement in SI fusion. This clearance follows Nevro's acquisition of Vyrsa Technologies in November 2023, enhancing its portfolio in the SI joint space.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:54 pm