Streetbeat News

Products Services

AAPL

GOOG

GOOGL

Gene Munster and Dan Nathan consider Apple Inc. (AAPL) and Alphabet Inc. (GOOG, GOOGL) as AI underdogs, but believe their status will change. They discussed the potential impact of a partnership between Apple and Google on AI integration in iPhone software, amidst broader discussions on AI's role in tech and national security concerns.

Portfolio Pulse from Ananya Gairola

March 21, 2024 | 4:24 am

COIN

LTCUSD

Coinbase Global is set to launch futures trading for Litecoin, Dogecoin, and Bitcoin Cash on April Fool's Day, following their filing with the Commodity Futures Trading Commission. This move, amidst market volatility and Coinbase's own technical issues, reflects growing interest in cryptocurrencies. Litecoin surged 6.78% to $86.03 upon the announcement. The decision raises regulatory questions regarding the classification of these Bitcoin offshoots as commodities futures versus securities futures.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 4:18 am

AAPL

Parler, a social media network, has returned to Apple Inc.'s App Store under new ownership, promising to ban violent and controversial content. The platform, offline since April 2023, is now invite-only and anticipates Android approval. The return follows a year of challenges, including being removed from app stores after the Jan. 6 Capitol riot and significant layoffs.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 3:32 am

AAPL

NVDA

Apple Inc. is preparing to launch its Apple Vision Pro in Australia and Japan, indicated by recent job postings for Briefing Experience Specialist roles. Initially launched in the U.S. on February 2, the product has seen high global demand despite its $3,499 price tag. Nvidia Corp. also announced a new software framework at the Nvidia GTC event, enabling developers to integrate digital twin scenes with Apple Vision Pro's displays, potentially enhancing its capabilities and appeal.

Portfolio Pulse from Sudhanshu Singh

March 21, 2024 | 2:54 am

AAPL

CHWY

DWAC

TSLA

On Wednesday, U.S. indices saw positive movements with notable gains in stocks like Digital World Acquisition Corp. (DWAC), Apple Inc. (AAPL), Micron Technology Inc. (MU), Chewy Inc. (CHWY), and Tesla Inc. (TSLA). DWAC surged 17.79% after a legal brief argued for Trump's 'ultimate immunity'. Apple's stock rose by 1.47% as CEO Tim Cook visits Shanghai, hinting at more stores in China. Micron's shares increased by 2.39% following strong fiscal Q2 results. Chewy's stock jumped 6.35% after beating Q4 financial estimates. Tesla shares rose by 2.53%, with suggestions that advertising could boost sales.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 2:31 am

NVDA

NVIDIA Corp's CEO, Jensen Huang, discussed the company's focus on humanoid robots and embodied AI, citing the abundance of human movement data as a key reason. At a San Jose conference, Nvidia unveiled Project GROOT, aimed at advancing humanoid robot technology. Despite Huang's optimistic outlook on AI and Nvidia's technology, the company's stock dipped slightly after his presentation, while stocks of other mentioned companies rose. The upcoming GTC 2024 conference is expected to highlight new AI products, use cases, and partnerships.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 2:16 am

AAPL

Apple Inc. (NASDAQ:AAPL) is rumored to be releasing new iPad Pro and iPad Air models with matte-finish displays, a first for the iPad series. The speculation is based on leaks suggesting the use of a matte screen, potentially employing nano-texture technology similar to that used in Apple's Pro Display XDR. This feature aims to reduce reflections, enhancing readability in bright conditions. The move could boost iPad sales by appealing to outdoor users and signifies Apple's commitment to innovation.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 1:56 am

Micron Technology (NASDAQ:MU) reported strong Q2 fiscal 2024 results, driven by high demand for AI servers and strategic investments in high-bandwidth memory (HBM). The company anticipates further price increases for DRAM and NAND, expecting record revenue and improved profitability in fiscal 2025. Over 75% of Micron's DRAM and over 90% of its NAND are on advanced technology nodes, positioning Micron as a leader in the memory and storage market.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 1:41 am

Electronic Arts (NASDAQ:EA) has launched the first in a series of security updates for Apex Legends following a hacking incident during the Apex Legends Global Series, affecting pro players Noyan "Genburten" Ozkose and Phillip "ImperialHal" Dosen. Respawn Entertainment, the game's developer, acknowledged the breach and emphasized their commitment to game and player security. Despite the updates, concerns about the game's security, especially on PC, persist among players. Epic Games' Easy Anti-Cheat, used by Apex Legends, denied any vulnerabilities in their software.

Portfolio Pulse from Franca Quarneti

March 20, 2024 | 9:50 pm

LUNR

NOC

RKLB

SPCE

The U.S. Defense Department's DARPA has selected Northrop Grumman Corp (NOC) to develop a concept for a moon-based railway. This initiative is part of DARPA's 10-year Lunar Architecture Capability Study aimed at establishing lunar infrastructure for future commercial services. Northrop Grumman will explore the feasibility, costs, risks, and necessary resources for building and operating a lunar railway system. This project aligns with growing interest in lunar exploration and space economy, highlighted by recent achievements in space tourism and exploration by companies like Intuitive Machines Inc (LUNR), SpaceX, Rocket Lab USA Inc (RKLB), Virgin Galactic Holdings Inc (SPCE), and Blue Origin.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 9:41 pm