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XPEV

XPeng reported a significant increase in vehicle deliveries for Q4 2023, totaling 60,158 units, marking a 170.9% rise YoY. The company expanded its physical sales network to 500 stores across 181 cities and grew its self-operated charging station network to 1,108 stations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:04 am

ANSS

CDNS

NVDA

NVDL

SNPS

WISE

The value of AI-themed ETFs in the U.S. has surged to $6.88 billion, driven by Nvidia Corp's strong market performance. Nvidia's focus on AI chips has fueled investor interest, reminiscent of past booms in transformative technologies. The GraniteShares 2x Long NVDA Daily ETF and the Themes Generative Artificial Intelligence ETF have seen significant asset growth. Nvidia's recent product announcement, despite causing a stock dip, boosted shares of companies like Synopsys Inc, Cadence Design Systems Inc, and ANSYS Inc, which will use Nvidia's new processors.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 9:57 am

AAPL

GOOG

GOOGL

Ross Gerber criticized Apple Inc.'s reported deal with Google to license Gemini, a set of generative AI models, for iPhone software features. Despite Gerber's pessimism, Apple stock closed 0.64% higher. The deal is seen as a shift in Apple's AI strategy, potentially enhancing its AI capabilities.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 9:37 am

JOBY

Joby Aviation, Inc. (NYSE:JOBY) announced it will deliver two electric vertical takeoff and landing (eVTOL) aircraft to MacDill Air Force Base in 2025 under its AFWERX Agility Prime contract with the U.S. Air Force, expanding its partnership.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:34 am

BTCUSD

Bitcoin experienced a dramatic drop to $8,900 on BitMEX, diverging from its $67,400 average global price. The flash crash was followed by a swift recovery. Concerns over market exuberance after spot ETF approvals and a spike in futures market volatility were noted. Grayscale and Fidelity Bitcoin ETFs saw significant outflows, with a collective net outflow of $154.3 million for spot Bitcoin ETFs. BitMEX addressed the crash, attributing it to aggressive selling by a few accounts but assured that all systems were normal and funds safe.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 9:21 am

BHAT

Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) is shifting its focus to AI financial services, as announced by Dr. Deanna Liu of Golden Strategy Ltd, a subsidiary of BHAT. This move is in response to the growing AI technology and changing market dynamics.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:15 am

SHEN

Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) has launched its Glo Fiber service in Salisbury, Maryland, offering 100% fiber optic broadband to initial neighborhoods. The construction, which began in late 2023, aims to cover over 14,000 homes and businesses within 18-24 months.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:09 am

MSFT

OpenAI's CEO Sam Altman addressed speculation about Chief Scientist Ilya Sutskever's absence since a failed attempt to oust Altman in November. On the Lex Fridman Podcast, Altman laughed off rumors about Sutskever being held hostage, confirming Sutskever is still with OpenAI and expressing hope to work together for the rest of his career. Despite past tensions, Altman denies any ill will towards Sutskever and denies that OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), has achieved artificial general intelligence (AGI).

Portfolio Pulse from Rounak Jain

March 19, 2024 | 9:08 am

ANSS

CDNS

DELL

NOW

NVDA

SAP

SNPS

NVIDIA Corp. (NASDAQ:NVDA) saw its stock fall nearly 2% post-market after CEO Jensen Huang's keynote, despite unveiling the new Blackwell processor. Conversely, companies like Synopsys Inc (NASDAQ:SNPS), Cadence Design Systems Inc (NASDAQ:CDNS), ANSYS Inc (NASDAQ:ANSS), and Dell Technologies Inc (NYSE:DELL) experienced stock price surges over 2% due to Huang's endorsements. SAP (NYSE:SAP) and ServiceNow Inc (NYSE:NOW) also saw increases after being mentioned for their use of Nvidia's platform.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 8:56 am

TSLA

Tesla's Cybertruck will soon be able to power homes via an over-the-air update, as announced by Tesla executive Drew Baglino. This feature, enabled in the second quarter, allows the Cybertruck to share power with homes, integrating with Tesla's Powerwall for energy storage. The Cybertruck is currently the only Tesla vehicle with this capability, which can provide up to 11.5 kW of power for over three days during outages. This positions the Cybertruck as a competitor to Ford's F-150 Lightning, which already has home power capabilities.

Portfolio Pulse from Anan Ashraf

March 19, 2024 | 8:53 am