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NVDA

Nvidia is set to launch an AI chip specifically designed for the Chinese market in the second quarter of 2024, according to sources familiar with the matter. This move comes as a strategic step to navigate the complex trade restrictions and maintain its presence in the critical Chinese market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 10:22 am

TSLA

California-based AI startup Figure showcased its humanoid robot, Figure-01, making coffee autonomously in a video. The robot learned the task by observing humans for ten hours. Tesla's Optimus, which was recently upgraded, has improved physical capabilities but has not demonstrated coffee-making skills. Figure aims to use its robots for corporate tasks, to address labor shortages, and to perform unsafe tasks.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 10:19 am

BKYI

BIO-key International, Inc. has announced that the Ministry of Foreign Affairs of Denmark has selected IT2Trust to implement a Virtual Private Network (VPN) secured by BIO-key Europe's AuthControl Sentry authentication solution for 4,500 users.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:07 am

AMBA

Ambarella is showcasing its new N1 SoC series, which can run multi-modal large language models at reduced power-per-inference. This technology is applicable in video security analysis, robotics, and various industrial applications.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 10:04 am

LMT

United Launch Alliance's (ULA) new Vulcan rocket successfully launched from Florida, carrying payloads including Astrobotic's Peregrine Lunar Lander. The Vulcan rocket, a competitor to SpaceX's Falcon 9, is expected to serve clients like the Pentagon, NASA, and Amazon. ULA, a joint venture between Boeing Co (BA) and Lockheed Martin Corp (LMT), aims for a bi-weekly launch rate and has sold over 70 Vulcan launches. The Peregrine Lunar Lander is on a mission to achieve the first US soft landing on the moon since 1972.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 9:54 am

AAPL

FXI

JEF

Apple Inc.'s iPhone sales in China have dropped by 30% in the first week of 2024, according to a note from Jefferies. This decline represents a significant setback for the U.S. tech giant in a crucial market.

Portfolio Pulse from Charles Gross

January 08, 2024 | 9:45 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Tesla, Inc. (TSLA) saw a 101% gain in 2023 but is still considered attractively valued compared to its 'Mag 7' peers, according to fund manager Gary Black. Despite competitive pressures and stagnant EV market growth, Tesla's expected five-year adjusted EPS growth and high P/E ratio suggest a strong growth story. The company is anticipated to benefit from new product launches and potential monetization of its Supercharger network and full-self driving software.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 9:22 am

SPR

Boeing Co. (NYSE:BA) faces a new challenge as the U.S. grounds its 737 Max 9 fleet following an incident with an Alaska Airlines plane where a panel was torn off during ascent. This raises concerns about Boeing's stability and its relationship with supplier Spirit AeroSystems Holdings Inc. (NYSE:SPR). The grounding of 171 planes could delay Boeing's plans to increase its 737 manufacturing pace and impact its ability to sell aircraft. The incident adds to Boeing's recent setbacks, including the 737 Max crashes in 2019, which severely damaged its reputation.

Portfolio Pulse from Pooja Rajkumari

January 08, 2024 | 8:53 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) and Bitcoin (BTC) replicas are set to launch into space aboard ULA's Vulcan Centaur rocket on its maiden voyage. The mission includes Astrobotic's Peregrine lander aiming for the first U.S. lunar landing in over 50 years and the first by a private company. The Dogecoin Foundation and BitMex exchange founder Arthur Hayes have announced their respective cryptocurrency tokens as part of the cargo, symbolizing 'Bitcoin to the Moon.' At the time of writing, DOGE's price was down 3.07%.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 8:37 am

AAPL

ALK

An iPhone, likely an iPhone 14 Pro or iPhone 15 series model, survived a 16,000-feet drop from an Alaska Air Group, Inc. flight. The phone was found intact on the side of a road, still in airplane mode with half a battery and a baggage receipt for the flight displayed. This incident highlights the durability of Apple's iPhones, which have previously survived extreme conditions, such as a three-month submersion in a river. Apple has been known to improve the durability of its devices, as seen with the iPhone 15 Pro's use of Grade 5 titanium alloy.

Portfolio Pulse from Rounak Jain

January 08, 2024 | 7:58 am