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MSFT

OpenAI, the company behind ChatGPT, has been valued at $86 billion after finalizing an agreement allowing employees to sell their shares. The deal, led by Thrive Capital, comes after a delay due to the temporary ousting of CEO Sam Altman. OpenAI is considering raising new funding at a valuation over $100 billion and has secured $13 billion from Microsoft and others. The company's success with ChatGPT and new ventures like Sora, a text-to-video generator, highlight its rapid growth and potential to disrupt the tech industry.

Portfolio Pulse from Ananya Gairola

February 17, 2024 | 4:07 am

AAPL

META

Meta Platforms Inc. CEO Mark Zuckerberg defended his critique of Apple's Vision Pro, emphasizing the superiority of Meta's Quest 3 and dismissing comparisons to Steve Ballmer's iPhone dismissal. Zuckerberg highlighted the competition between Meta and Apple in the mixed reality headset market, asserting his commitment to winning against Apple.

Portfolio Pulse from Rounak Jain

February 17, 2024 | 3:20 am

AMD

MSFT

NVDA

OpenAI introduced Sora, a new AI tool capable of creating vivid, detailed videos from text prompts. Co-founder Sam Altman showcased its features, including generating videos up to 60 seconds with complex scenes and emotions. Although not yet public, the tool has generated significant interest. The excitement around AI tools like ChatGPT and Sora has driven up stock prices for tech companies, notably Microsoft, NVIDIA, and AMD, with Microsoft's stock rising over 55% and reaching a market cap of over $3 trillion.

Portfolio Pulse from Aaron Bry

February 16, 2024 | 10:27 pm

CMCSA

DIS

DKNG

NKE

PARA

Tiger Woods' return to golf in 2024, starting with the Genesis Invitational, is seen as beneficial for the sport and the sports betting sector. DraftKings CEO Jason Robins highlighted the positive impact Woods' participation could have on golf interest and betting. Woods, who recently launched a new apparel brand with TaylorMade after ending his sponsorship with Nike, is competing in his first official tournament since April. The event is broadcasted by media partners including Walt Disney Co, Paramount Global, and Comcast Corporation, with DraftKings offering various betting odds on Woods' performance.

Portfolio Pulse from Chris Katje

February 16, 2024 | 10:25 pm

BTCUSD

META

NVDA

TSLA

Bitcoin surpassed $50,000, reaching a $1-trillion market valuation after SEC approval for a Bitcoin ETF. Nvidia outpaced Amazon and Alphabet, becoming the third-largest U.S. company. Inflation reports led to reassessment of Fed rate cuts, affecting tech stocks. AI investment is predicted to reach $1 trillion in 10 years, with Nvidia at the forefront. Tesla's stock may rise due to stable pricing and Full Self-Driving adoption. The top seven U.S. tech giants' stocks surged 140%, raising bubble concerns. Wealth migration to tax-favorable states is noted, and Zuckerberg praised Meta's Quest 3 over Apple's Vision Pro.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 9:29 pm

AYRWF

CURLF

GTBIF

PLNHF

Nevada's first cannabis consumption lounge, Smoke and Mirrors, has opened in Las Vegas, marking a significant milestone for the state's cannabis industry. Located within Thrive Cannabis Marketplace, it's the first to pass the Nevada Cannabis Compliance Board inspection. This development is expected to boost Nevada's cannabis market, valued at $850 million, by attracting tourists, creating jobs, and increasing tax revenue. Planet 13 Holdings Inc. (PLNHF) has also announced plans to integrate a consumption lounge, indicating a growing trend. Other notable companies in Nevada's cannabis sector include AYR Wellness (AYRWF), Curaleaf Holdings (CURLF), and Green Thumb Industries (GTBIF).

Portfolio Pulse from Nicolás Jose Rodriguez

February 16, 2024 | 9:28 pm

LILIF

Argentina Lithium and Energy Corp (OTC:LILIF) is spearheading eco-friendly lithium extraction innovations in Northwest Argentina, as highlighted by Vice President of Exploration, Miles Rideout, during the 'Mining Unearthed: Navigating the Ore of Innovation' virtual event. The company is focused on exploring and developing lithium brine deposits in the region, introducing revolutionary extraction technologies to enhance efficiency and reduce environmental impact. Argentina's pro-mining stance and rich lithium resources position it as a key player in the global lithium market, which is seeing increased demand due to the shift towards renewable energy and electric vehicles.

Portfolio Pulse from Abbey Higginbotham

February 16, 2024 | 9:22 pm

GBTC

Bitcoin and Ethereum are consolidating after reaching recent highs, with both showing potential bull flag patterns. Dogecoin trades in an uptrend. Grayscale Bitcoin Trust ETF (GBTC) mirrors these patterns and is expected to surge alongside Bitcoin. Technical analysis suggests a possible 24% rise for Bitcoin and Ethereum if they break from the bull flag pattern. Dogecoin's trend remains intact with potential for further gains.

Portfolio Pulse from Melanie Schaffer

February 16, 2024 | 9:07 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) CEO Jason Robins reported a significant increase in female bettors, attributing this growth to the success of Caitlin Clark and the Iowa Hawkeyes women's basketball team, as well as Taylor Swift's influence through her relationship with NFL star Travis Kelce. DraftKings has seen a 9x to 10x increase in betting handle year-over-year on women's basketball, with specific prop bets related to Swift and Kelce also attracting attention.

Portfolio Pulse from Chris Katje

February 16, 2024 | 9:07 pm

IOVA

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) will host a conference call and webcast on February 16, 2024, to discuss the FDA approval of its novel polyclonal tumor infiltrating lymphocyte (TIL) therapies for cancer patients. The event will allow for Q&A and can be accessed live or via archived webcast through the company's website.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm