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RIVN

Cloudflare CEO Matthew Prince criticized Rivian Automotive for high service costs after receiving a $4,200 quote for a windshield repair on his Rivian R1T truck. Prince compared the costs unfavorably to those of his Porsche Taycan and highlighted the insurance cost implications. He expressed his support for Rivian but cautioned against their service costs. Other Rivian owners have reported similar experiences with high repair bills and long service wait times.

Portfolio Pulse from Ramakrishnan M

January 03, 2024 | 11:11 am

RDY

Dr. Reddy's Laboratories has acquired MenoLabs, a company focused on women's health and dietary supplements. This acquisition expands Dr. Reddy's portfolio in the women's health space, potentially increasing its market share and revenue in this segment.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 11:02 am

AOSL

Alpha and Omega Semiconductor has launched two new αMOS5 600V FRD Super Junction MOSFET platforms with 95mohm and 125mohm, targeting the high-density server market.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 10:05 am

TSLA

Tesla, Inc. reported a significant increase in sales of China-made electric vehicles (EVs) in December, with a 68.7% year-over-year growth, selling 94,139 units. This figure also represents a 14.2% increase from the previous month, according to data from the China Passenger Car Association.

Portfolio Pulse from Charles Gross

January 03, 2024 | 9:59 am

MSFT

Microsoft's Xbox banned a user for one year for capturing gameplay footage of 'Baldur's Gate 3', a popular role-playing game released in 2023. The footage was flagged as explicit content by Xbox's safety systems, with each clip resulting in an individual infraction. The ban has raised questions among users, especially since Microsoft approved the game for its platform. Users can disable automatic uploads of captured clips to avoid similar issues.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 9:51 am

TME

Tencent Music Entertainment Group (NYSE:TME) and Universal Music Group have renewed their multi-year strategic licensing agreement. This deal allows TME to continue accessing UMG's music catalogue for its platforms including QQ Music, Kugou Music, Kuwo Music, and WeSing, with streaming in Dolby Atmos and HD formats.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:06 am

QCOM

SSNLF

Samsung Electronics Co Ltd. (OTCPK: SSNLF) is set to launch its new Galaxy S24 smartphone on Jan. 17, featuring AI capabilities such as real-time call translation and generative AI named 'Gauss'. The phone will also include Qualcomm Inc.'s (NASDAQ: QCOM) Snapdragon 8 Gen 3 chipset and may incorporate a titanium frame similar to Apple's iPhone 15 Pro. Samsung aims to sell over 35 million units of the Galaxy S24 series, a 10% increase from the Galaxy S23.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 8:23 am

AAPL

CALM

TSLA

UNF

U.S. stocks closed mostly lower on Tuesday, with the S&P 500 and Nasdaq Composite ending the session down. Apple Inc. shares dropped 3.6% after a Barclays downgrade, while Tesla Inc. reported increased vehicle production and deliveries in Q4. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in 'Extreme Greed' territory. Investors are looking forward to earnings from Cal-Maine Foods and UniFirst Corporation. The Dow Jones also closed lower, and economic data showed a dip in manufacturing PMI and a rise in construction spending.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 8:11 am

AAPL

Apple Inc. is expected to launch its $3,500 Vision Pro headset in the last week of January, earlier than previously reported February launch. The event is scheduled for Jan. 27, 2024, but may occur on Jan. 26 in the U.S. to align with China's timezone. Apple has been preparing for the launch by training retail employees, releasing betas of VisionPro OS, and integrating features into the iPhone 15 Pro. The Vision Pro is a significant new product for Apple, with an anticipated shipment of 500,000 units in 2024.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 7:13 am

LTRX

Lantronix Inc. has partnered with P3 Digital Services to develop a pre-integrated In-Vehicle Infotainment (IVI) platform. The platform combines Lantronix's Automotive Infotainment Computer (AIC), which uses the Qualcomm SA8155P automotive processor, with P3's SPARQ OS software. This collaboration aims to offer OEMs a secure, advanced, and cost-effective infotainment system that can be brought to market quickly.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:10 am