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This week in the EV sector, bearish sentiment surrounded Tesla, with its stock underperforming due to a double miss in Q3 2023 earnings and price adjustments. Rivian and Lucid faced production challenges and disappointing earnings, while Ford paused F-150 Lightning shipments. Nio is testing humanoid robots for production efficiency, and Volvo plans to cut its stake in Polestar. The KraneShares Electric Vehicles ETF saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 3:17 pm

AMD

AMD's CEO Lisa Su sold $20.4M worth of company stock amid an AI-fueled tech rally. The sale was part of a pre-planned trading strategy. AMD is seen as a beneficiary of the AI revolution, with an expected AI revenue run-rate of $4 billion exiting 2024. The company's shares have surged 19.75% YTD after a 128% rise in 2023.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 2:50 pm

FILUSD

RNDRUSD

SOLUSD

Decentralized Physical Infrastructure Networks (DePIN) are gaining traction in the crypto world, with Filecoin (FIL) seeing a 40% increase in value. DePIN aims to use cryptocurrency incentives for building and operating critical infrastructure, boasting over 650 projects and significant venture capital investment. Despite its potential, DePIN faces challenges from established providers and questions about its revenue model. Critics argue DePIN's utility may be exaggerated, but interest in AI and GPU cloud computing, as seen with Render (RNDR), suggests speculative value could drive DePIN's growth.

Portfolio Pulse from Ivan Crnogatić

February 24, 2024 | 1:11 pm

AAPL

On Steve Jobs' birthday, a reflection on the impact of the iPhone's unveiling in 2007 reveals a $1,000 investment in Apple stock then would be worth $54,000.37 today, marking a 5,300% return. Jobs' legacy continues as Apple dominates the smartphone market in 2023.

Portfolio Pulse from Chris Katje

February 24, 2024 | 1:10 pm

BTC-USD

ETH-USD

The article discusses the introduction of Systematic Investment Plans (SIPs) into the cryptocurrency market, specifically for Bitcoin (BTC) and Ethereum (ETH), as a strategy to mitigate market volatility and potentially enhance wealth over time. It compares traditional mutual funds with crypto SIPs, highlighting the higher risk-return profile of the latter. Experts suggest a balanced investment approach between traditional and crypto assets, emphasizing the benefits of diversification and the operational advantages of the crypto market's 24/7 nature.

Portfolio Pulse from Murtuza Merchant

February 24, 2024 | 1:08 pm

BTCUSD

Adam Cochran, a crypto analyst, suggests Hal Finney might be Satoshi Nakamoto, the creator of Bitcoin, based on a series of posts on X. Cochran's argument revolves around Finney's involvement in Bitcoin's development and his health issues coinciding with Nakamoto's disappearance. Despite Cochran's claims, Jameson Lopp, co-founder of Bitcoin custody firm Casa, provides evidence against Finney being Nakamoto, highlighting conflicting timelines of activities. The debate adds to the long-standing mystery of Nakamoto's true identity amidst various speculations.

Portfolio Pulse from Ananya Gairola

February 24, 2024 | 11:03 am

AMZN

GOOG

MSFT

NVDA

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, in an interview with Wired, acknowledged the intense competition in the AI industry from major tech companies like Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), and Alphabet Inc.'s Google (NASDAQ:GOOG), among others. Despite this, Huang remains confident in Nvidia's leadership in AI, highlighting its 70% market share and the company's potential to become the first semiconductor firm with a $2 trillion valuation. Huang's optimism is supported by Nvidia's strong position in AI supercomputers and its $1 billion annualized revenue run rate in software and services.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 8:25 am

RIVN

TSLA

Gary Black, a Tesla supporter, clarified that Elon Musk's comments were not the sole reason for Rivian's 35% stock drop, attributing it instead to Rivian's flat production guidance for 2024. Despite Musk's bankruptcy warning for Rivian, Black remains optimistic about Rivian's potential. Both Tesla and Rivian have been poor investments over the past year, with Tesla being the worse performer.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 6:54 am

GOOG

GOOGL

Elon Musk announced that Google is taking immediate action to address racial and gender bias in its Gemini AI chatbot, following his criticism and a conversation with a senior Google executive. Musk also highlighted the upcoming update for his AI chatbot, Grok, emphasizing the importance of truth in AI development. Google's Gemini has faced backlash for generating biased or irrelevant images, leading to a temporary halt in its image-generation feature.

Portfolio Pulse from Rounak Jain

February 24, 2024 | 4:06 am

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' finds Ford Motor Co. (NYSE:F) notably interesting amid the electric vehicle (EV) market slowdown, highlighting Ford's strategic shift towards hybrid vehicle production. Despite the EV market deceleration, Ford has shown significant progress in the hybrid sector, contrasting with Tesla Inc. (NASDAQ:TSLA), which reported a weak fourth quarter and anticipates reduced vehicle volume growth. Ford's focus on hybrids and price adjustments for its Mustang Mach-E in Canada positions it advantageously in the evolving auto market.

Portfolio Pulse from Benzinga Neuro

February 24, 2024 | 2:11 am