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RIVN

TSLA

Rivian CEO RJ Scaringe agrees with Tesla CEO Elon Musk on the importance of EV affordability for adoption. Scaringe discussed the lack of diverse EV options at different price points as a barrier. Rivian plans to introduce the R2, a lower-priced EV under $50,000, with production starting in 2026. Tesla is also working on a more affordable vehicle, with production expected in late 2025. Both companies currently offer models that are eligible for federal EV tax credits.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 7:51 am

AAPL

The EU has warned Apple Inc. (AAPL) of potential severe consequences if the company's App Store changes do not comply with the upcoming Digital Markets Act (DMA). Apple is modifying its App Store to allow developers to use alternative stores and payment systems, avoiding Apple's up to 30% commission. Despite these changes, the EU's industry chief Thierry Breton has criticized them as potentially inadequate and has threatened strong action if they don't meet the DMA standards. Apple will still charge a 'core technology fee' and require apps to be submitted for review. The changes could affect developers' costs, with companies like Meta Platforms potentially facing millions in yearly payments.

Portfolio Pulse from Ananya Gairola

January 27, 2024 | 7:38 am

AAPL

TSLA

Tesla Inc (TSLA) reported R&D expenses of about $4 billion in FY23, which is significantly lower than Apple's (AAPL) $29.92 billion and Microsoft's $27.2 billion in the same period. Elon Musk highlighted the effectiveness of Tesla's R&D spending in response to a comparison made by a Tesla investor, Sawyer Merritt. Musk considers the entire company as R&D, emphasizing innovation per dollar spent.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 5:10 am

AMD

NVDA

TSLA

Elon Musk announced that Tesla Inc (TSLA) will buy chips from Advanced Micro Devices Inc (AMD) for AI advancements and invest over $500 million in hardware from NVIDIA Corp (NVDA). This investment includes the installation of a Dojo supercomputer in Buffalo, New York. Musk emphasized the importance of significant investment in AI to remain competitive, describing the Dojo project as a high-risk, high-reward initiative.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 4:15 am

TSLA

Tesla Inc's executive Martin Viecha confirmed the future release of a refreshed Model 3 Performance variant. The new variant was hinted at in a response to TV presenter James May, who recently purchased a new Model 3. Tesla had unveiled a refreshed Model 3 earlier in the U.S. and China, but the Performance variant was not listed among the available options.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 2:03 am

DKNG

PARA

PARAA

The relationship between Taylor Swift and Kansas City Chiefs tight end Travis Kelce has been a highlight of the NFL season, potentially boosting viewership. Kelce's performance improves when Swift attends games, with the Chiefs holding an 8-3 record in such games. Kelce's stats are notably better in Swift-attended games, including his only two 100-yard games of the season. With the Chiefs set to play the Baltimore Ravens, betting odds at DraftKings favor Kelce for receptions, receiving yards, and touchdowns, with potential high payouts for bettors.

Portfolio Pulse from Chris Katje

January 26, 2024 | 9:42 pm

AADI

Aadi Bioscience announced that it will present posters at the 2024 American Society of Clinical Oncology Genitourinary Cancers Symposium, focusing on real-world genomic analysis of GU cancer patients with TSC1/2 inactivating alterations, highlighting an unmet medical need.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:08 pm

ASML

ASML Holding (NASDAQ:ASML) has received mixed analyst ratings over the past three months, with 4 analysts offering bullish and somewhat bullish perspectives. The average 12-month price target is $957.0, a significant increase from the previous $782.75, indicating a positive sentiment shift. Analysts from Susquehanna, Raymond James, and JP Morgan have raised their price targets, reflecting confidence in ASML's market performance and financial health. ASML, a leader in photolithography systems for semiconductor manufacturing, shows strong financial indicators such as revenue growth, net margin, ROE, and ROA, and maintains a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:01 pm

BHP

FCX

MTAL

VALE

Metals Acquisition Limited (MTAL) is pursuing a dual listing in Australia with an IPO aiming to raise A$300 million for repaying a loan, increasing working capital, and other expenses. Vale S.A. (VALE) and BHP Group Limited (BHP) have been ordered by a Brazilian judge to pay $9.67 billion for damages from a 2015 dam collapse. Freeport-McMoRan Incorporated (FCX) is expected to benefit from rising copper and gold demand, with significant sales and active projects tracked for 2024.

Portfolio Pulse from Austin DeNoce

January 26, 2024 | 8:57 pm

GBTC

Oliver Renick from Schwab Network suggests Bitcoin ETFs are being used by 'whales' as an exit strategy rather than an entry point for traditional investors. Market dynamics have shifted, with strong cash flow, profits, and dividends driving outperformance. Bitcoin, lacking these fundamentals, stands out as a risky asset. Despite the introduction of Spot ETFs, Bitcoin's integration into the financial system hasn't led to widespread adoption by traditional investors. The price of Bitcoin has declined despite substantial inflows into ETFs like Grayscale's Bitcoin Trust (GBTC), indicating a disconnect. Technical and market challenges make a bullish case for Bitcoin difficult.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 8:16 pm