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Crypto influencer Ben Armstrong is heading to Washington D.C. to push for the approval of a Bitcoin ETF, a feat not yet achieved by industry leaders. He also plans to seek approval for an Ethereum ETF by mid-Q2 or end of Q1. Bitcoin's price surged past $47,000, a high since April 2022, amid the excitement over the potential ETF approval. Armstrong's relationship with BitBoy Crypto, which he founded, has been strained, and he was involved in a controversial incident in September.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 8:11 am

ABBV

AbbVie has launched PRODUODOPA, a treatment for advanced Parkinson's disease, in the European Union. PRODUODOPA is unique as it is the only subcutaneous 24-hour infusion of levodopa-based therapy designed to manage severe motor fluctuations in patients whose symptoms are not adequately controlled by other treatments.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:02 am

LDTC

LeddarTech announced the launch of LeddarVision Surround-View (LVS-2+), a premium highway assist software stack designed for embedded platforms, at CES 2024. The product is aimed at enhancing vehicle safety and automation capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:57 am

ACI

NVDA

PSMT

SMH

SNX

The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. The Nasdaq Composite had its best day since November 14, 2023, with tech stocks surging. The VanEck Semiconductor ETF (SMH) recorded a significant gain. Boeing (BA) shares dropped after safety issues with the 737 aircraft, while NVIDIA (NVDA) shares rose following the announcement of new GPUs. The S&P 500 and Dow Jones also closed higher. Investors are looking forward to earnings from PriceSmart (PSMT), Albertsons (ACI), and TD SYNNEX (SNX).

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 6:42 am

MSFT

NVDA

NVIDIA Corp (NASDAQ:NVDA) shares jumped over 4% to a record high of $514, following its presentation at CES and updates on its China business. Despite the stock's significant growth, CNBC's Jim Cramer believes Nvidia is still undervalued. Nvidia is starting mass production of AI chips for Chinese customers in compliance with U.S. export rules, even as Chinese tech giants plan to reduce orders in favor of local suppliers. Nvidia also unveiled new GPUs at CES. Cramer has consistently supported Nvidia, even with competition from Microsoft Corp (NASDAQ:MSFT) and market rumors.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:39 am

CRNC

VWAGY

Volkswagen AG (OTC:VWAGY) announced plans to integrate OpenAI's ChatGPT, using Cerence Inc's (NASDAQ:CRNC) Chat Pro software, into its vehicles equipped with the IDA voice assistant. The feature will be available in European models such as the ID.7, ID.4, ID.5, ID.3, Tiguan, Passat, and Golf starting in the second quarter. Although not currently planned for U.S. models, Volkswagen is considering the integration. The AI chatbot will assist with general knowledge, infotainment, navigation, air conditioning, and reading aloud content, with a focus on data protection by deleting questions and answers immediately.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 5:45 am

AAPL

Apple Inc. (AAPL) is set to release its Vision Pro mixed-reality headset on February 2, with pre-orders starting January 19. Analyst Ming-Chi Kuo suggests that while initial sales are expected to be strong due to Apple's core fanbase, the long-term success of the product will depend on clear product positioning and key applications. Kuo warns that a slow start could negatively impact Apple's short-term stock price but also notes the product's superior specifications and software. The market's response to Vision Pro will be critical for Apple's future model decisions.

Portfolio Pulse from Ananya Gairola

January 09, 2024 | 5:38 am

AAPL

Apple Inc.'s iPhone production in India has surpassed $13.5 billion, exceeding the targets of India's production-linked incentive scheme. This achievement underscores India's growing role in global supply chains and Apple's increasing market share in the country, which has risen from 2% in FY18 to 6% in FY23. Apple's revenues in India have also increased significantly, from $1.8 billion to $6.7 billion during this period. The company is expanding its network of Indian suppliers, including a unit of the Tata Group.

Portfolio Pulse from Shomik Sen Bhattacharjee

January 09, 2024 | 5:35 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

ASND

Er-Kim has entered into an exclusive distribution agreement with Ascendis Pharma A/S (NASDAQ:ASND) to commercialize three endocrinology disease treatments in Central & Eastern Europe and Turkey. The treatments include SKYTROFA for growth hormone deficiency, YORVIPATH for chronic hypoparathyroidism, and TransCon CNP for achondroplasia. Ascendis Pharma aims to broaden patient access to these treatments in collaboration with Er-Kim, which has expertise in rare diseases and endocrinology in the region.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:58 am