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TSLA

Elon Musk, CEO of Tesla Inc, has reiterated his vision for artificial general intelligence (AGI) in vehicles, stating that Tesla is developing an 'extremely compute-efficient mini AGI' for its Full Self-Driving (FSD) system. Musk has been vocal about achieving full autonomy since 2016 and remains optimistic despite the full autonomy promise not yet being realized. The current FSD software is still in beta and requires driver supervision, but version 12 is performing well in California tests.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 9:35 am

AAPL

Apple Inc. (NASDAQ:AAPL) is rumored to be considering a significant display upgrade for its unannounced Vision Pro 2 mixed reality headset, moving from WOLED to advanced micro-OLED displays. The new displays could improve brightness and efficiency, potentially addressing power consumption issues. The first-generation Vision Pro is expected to launch in February, while the Vision Pro 2 may not be available until 2025 or later. The price of Vision Pro 2 is anticipated to exceed the $3,500 price of the first model.

Portfolio Pulse from Sudhanshu Singh

December 29, 2023 | 8:50 am

JKS

JinkoSolar has become the first photovoltaic (PV) company to have its net-zero targets approved by the Science Based Targets initiative (SBTi). This approval marks a significant industry milestone, positioning JinkoSolar as a leader in sustainability within the PV sector.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 7:13 am

AAPL

BYDDY

HMC

TSLA

XIACY

Gene Munster of Deepwater Asset Management warns that Tesla, Inc. (TSLA) should be wary of competition from Chinese EV makers and Apple Inc. (AAPL). Despite Tesla's strong performance and investor optimism, Munster suggests that Chinese companies like Xiaomi Corporation (XIACY) and BYD Co. Ltd. (BYDDY, BYDDF) could pose a threat. He also believes traditional automakers are not a concern for Tesla. Munster predicts Tesla will maintain its U.S. market share through 2024, contrary to some expectations. Additionally, he speculates on the possibility of an Apple Car within the next five years.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 7:12 am

Ford Motor Co (NYSE:F) has sold over 700,000 F-series trucks in the U.S. in 2023, marking the first year-on-year growth since 2018 and maintaining its status as the best-selling truck for the 47th consecutive year. Despite a historic labor union strike and reduced demand for electric vehicles, the F-150 Lightning is the best-selling full-size electric truck, and the F-150 Hybrid is the best-selling full-size full-hybrid pickup in the U.S. Ford is developing a second-generation full-size electric pickup for production in 2025.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 6:24 am

AAPL

NVDA

Huawei Technologies Co. saw a 9% increase in revenue in 2023, nearing $100 billion, driven by its smartphone sector and 5G equipment sales. A significant development was the launch of a smartphone with a 7-nanometer Kirin processor, challenging Apple Inc. and U.S. sanctions. Huawei's Mate 60 Pro is taking market share from Apple's iPhone 15. Nvidia Corp acknowledged Huawei as a competitor in the AI chip market, with Baidu Inc. switching from Nvidia to Huawei's AI chips due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 5:09 am

AAPL

MASI

Apple Inc. is attempting to bypass a ban on its Apple Watch Series 9 and Ultra 2 models by developing new software to address patent infringement issues with Masimo Corp. The ITC had imposed the ban, which Apple is appealing, and the new software has been submitted to U.S. customs for approval, potentially allowing sales to resume as early as January 12. Apple has also obtained a provisional stay, allowing sales at U.S. retail stores and online.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 4:43 am

IRIX

Iridex announced that all five Medicare Administrative Contractors have retired their Local Coverage Determinations, which were set to take effect on January 29, 2024. This decision may impact the reimbursement and usage of Iridex's products and services within the Medicare system.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 11:17 pm

AMZN

CMCSA

NFLX

NKE

Former President Barack Obama shared his favorite movies of 2023, including three produced by his company Higher Ground and streamed on Netflix. The list features a mix of theatrical releases, streaming movies, and independent films. 'Leave the World Behind' on Netflix received notable attention. 'Oppenheimer' was the fourth highest-grossing movie domestically. Focus Features, a unit of Comcast, had three films on the list, while 'Barbie', the highest-grossing film, was absent.

Portfolio Pulse from Chris Katje

December 28, 2023 | 11:00 pm

AAPL

BITF

BTBT

MARA

TSLA

WULF

Bitcoin miner stocks, including Marathon Digital Holdings Inc (MARA), have seen a surge in trading volumes, surpassing those of major blue-chip companies like Tesla (TSLA) and Apple (AAPL). This increase is attributed to the anticipation of a spot Bitcoin ETF approval and the upcoming Bitcoin halving event in April 2024. Bitcoin miners are expanding operations, with Marathon Digital purchasing new mining sites and TerraWulf Inc (WULF) reporting a significant expansion. Bit Digital Inc (BTBT) and Bitfarms Ltd (BITF) also announced plans to increase their mining capacities. Bitcoin miners' revenue hit the highest level in 2023 on Dec. 28, according to Blockchain.com data.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 10:35 pm