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BTCUSD

Jack Dorsey, former CEO of Twitter (now X), predicts Bitcoin (BTC) will reach at least $1 million by 2030, highlighting the asset's growing ecosystem and decentralized nature. The prediction comes amid a 50% increase in Bitcoin's price since the year began, partly due to the introduction of Bitcoin spot ETFs, leading to significant institutional investment. Ark Invest, which operates a Bitcoin spot ETF, has seen $2 billion in net inflows, despite CEO Cathie Wood's more ambitious $3.8 million Bitcoin price prediction for 2030.

Portfolio Pulse from Aniket Verma

May 10, 2024 | 9:15 am

AAPL

Apple Inc.'s Vision Pro headset is gaining popularity among surgeons in India for performing 'keyhole' surgeries, with over 30 procedures already conducted. The device's real-time data display and communication capabilities are highlighted as key benefits for medical applications. This adoption in healthcare, along with its expansion into other markets and functionalities, underscores the diverse potential of the Vision Pro.

Portfolio Pulse from Ananya Gairola

May 10, 2024 | 7:43 am

AAPL

Apple, Inc. is reportedly developing in-house artificial intelligence (AI) chips, aiming for a significant presence in the AI field. Wedbush analyst Daniel Ives highlighted the company's strategic positioning ahead of its World Wide Developers Conference (WWDC), where Apple is expected to unveil its AI strategy. Ives anticipates an AI-driven super-cycle beginning with the iPad lineup and continuing with the AI-powered iPhone 16, alongside the launch of an AI App Store. He maintains an Outperform rating on Apple with a $250 price target.

Portfolio Pulse from Shanthi Rexaline

May 10, 2024 | 7:28 am

NVAX

SNY

Novavax and Sanofi have entered into a co-exclusive licensing agreement to co-commercialize a COVID-19 vaccine and develop COVID-19-Influenza combination vaccines. The deal includes a $1.2 billion investment in Novavax, comprising a $500 million upfront payment and up to $700 million in additional milestones, plus tiered royalties. Novavax will also receive up to $200 million in milestones and royalties for each additional vaccine developed using its adjuvant technology. This partnership aims to enhance access to protein-based, non-mRNA COVID-19 vaccines from 2025 and accelerate the development of a novel combination vaccine.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:10 am

TSLA

Tesla offers a $1,000 discount on the 7-seat Model Y for customers willing to compromise on color preferences. The discount applies to the long-range all-wheel drive version, with the seven-seat option adding $1,000-$2,000 to the base price, depending on color. The Model Y, Tesla's best-selling vehicle, starts at $44,990 and is eligible for a $7,500 federal EV tax credit. Despite a slight increase in Model Y sales, Tesla's other models have seen significant sales declines.

Portfolio Pulse from Anan Ashraf

May 10, 2024 | 6:50 am

TONUSD

USDTUSD

The price of Toncoin (TON) has surged, attracting attention from scammers who have stolen $140,000 worth of TON tokens. An address with a criminal history swindled 22,000 TON tokens from users by tricking them into clicking phishing links promising USDT transfers. Cybersecurity firm Kaspersky also reported a sophisticated phishing operation targeting TON holders. Despite these scams, Toncoin's price has soared 185% year-to-date, supported by Telegram's backing and its growing utility within the Telegram ecosystem.

Portfolio Pulse from Aniket Verma

May 10, 2024 | 5:21 am

AAPL

Apple Inc. has apologized and withdrawn a controversial TV ad for its new iPad Pro, titled 'Crush', after receiving criticism for its portrayal of technology overpowering human creativity. The ad, which showed creative tools being destroyed by an industrial crusher, leaving only the iPad Pro, was intended to highlight the device's creative potential. Despite the backlash, the ad remains available online. Apple's iPad sales are expected to increase this year, although predictions suggest a decline in 2025. The new iPad Pro features an M4 chip and OLED display, and the iPad Air 6 has been updated with two screen sizes.

Portfolio Pulse from Ananya Gairola

May 10, 2024 | 2:31 am

GOOG

GOOGL

MSFT

OpenAI, known for its ChatGPT product, is reportedly set to announce an AI-powered search product, potentially ahead of Google's I/O conference. This move could intensify the rivalry with Alphabet Inc.'s Google, which also plans to unveil AI-related products. OpenAI's search product, an extension of ChatGPT, aims to provide accurate, real-time web information. Microsoft Corporation, having invested significantly in OpenAI, previously integrated ChatGPT with Bing for paid subscribers. Google and Microsoft are enhancing their search engines with generative AI features, amidst a competitive landscape that includes other AI search initiatives.

Portfolio Pulse from Ananya Gairola

May 10, 2024 | 1:51 am

JUSHF

Jushi Holdings Inc. (OTC:JUSHF) reported its Q1 2024 financial results, showing a revenue of $65.5 million and a net loss of $18.4 million, an increase from the previous year's $12.4 million loss. The gross margin improved to 49.4%, and adjusted EBITDA was $13.3 million, up by $5.7 million year-over-year. The company launched 443 new SKUs and opened its 17th Beyond Hello dispensary in Pennsylvania.

Portfolio Pulse from Nicolás Jose Rodriguez

May 09, 2024 | 11:43 pm

BW

Babcock & Wilcox Enterprises has updated its full-year Adjusted EBITDA guidance to $105M-$115M, excluding expenses from BrightLoop and ClimateBright, due to robust customer activity and strong Q1 2024 signings. The company remains focused on growth through its decarbonization and hydrogen generation technologies.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:43 pm